the HOT List

Viewers to the CBS affiliate serving such cities as Cadillac, Traverse City, Petoskey and Sault Ste. Marie, Mich., awoke on Friday unable to view the privately owned station. Unfortunately, the reason had nothing to do with a retransmission fee negotiation gone bad. Rather, a devastating fire at the station's transmitter building is to blame.

A recently departed member of the NAB Radio Board of Directors and final President/CEO of CBS Radio has reemerged as the CFO of a global transactions firm with its roots in Dayton, Ohio. He succeeds Bob Fishman, who previously announced his forthcoming retirement.

Three weeks ago, Tribune announced that it had terminated its merger agreement with Sinclair Broadcast Group and filed a lawsuit in the Delaware Chancery Court against Sinclair for breach of contract. Now, Sinclair has fired back with its own breach of contract claims against Tribune and seeks monetary damages. 

More problems for iHeart as the board, majority owners, and private equity sponsors of Clear Channel Outdoor Holdings Inc. are seeking class damages in Delaware’s Chancery Court for alleged failure to seek payment on a $1 billion debt of bankrupt parent iHeartCommunications Inc. They filed suit last Monday.

FCC Chairman Ajit Pai wasted no time issuing a statement on Monday regarding the Inspector General’s report on the FCC’s dealings with Sinclair Broadcast Group. That’s because the report contained good news for the chairman.

In a story that has wide-ranging implications, the two companies have reached a “substantial settlement.” Music company BMG Rights Management and Cox Communications have long been at loggerheads over a digital copyright case and this deal marks a turning point.

The company will not be going to court over the $40 million defamation lawsuit filed by Perri “Pebbles” Reid, the former manager of '90s all-girl trio TLC. Reid had alleged VH-1's CrazySexyCool presented her as "conniving and dishonest.”

The global home audio market continues to grow with no signs of it stopping. According to a Future Consulting report, the global home audio market's hardware shipments increased by 23 percent in 2017 with its revenues performing well, too, passing its barrier for the first time.

Nielsen Holdings PLC and Meredith Corporation have made a multi-year renewal agreement for Nielsen TV Ratings on all of Meredith Local Media Groups' stations. The news of the renewal agreement between Meredith and Nielsen was announced on Aug. 23.

In the Southwest Florida city of Estero, one of the big issues facing local residents is the plague of red tide that has led to the death of a wide array of sea life along the Gulf Coast. For one major publicly traded company based here, a sea change seen in the C-Suite is perhaps the bigger news of the week. A new CFO is set to start Sept. 10 at Hertz Global Holdings. Who is it? Look to Nielsen.

On August 16, RBR+TVBR was first to report that Gray Television would be divesting a station in the Albany, Ga., market to Brian and Patricia Lane‘s Marquee Broadcasting. On late Monday evening, the Georgia-based broadcast TV company that seeks to win government approval of its merger with Raycom Media announced who will be picking up the other eight stations selected for divestment by Gray.

That's a question Zacks Equity Research set out to find the answer to, in the wake of the company's now-dead effort to acquire Tribune Media. Zacks' query was designed for the benefit of value-oriented investors seeking a good choice to invest in.  What was Zacks' assessment of Sinclair Broadcast Group stock?

Here's a translator swap that's certainly going to attract a lot of attention. Educational Media Foundation is giving up a translator in a big South Florida city to Family Radio. In exchange, EMF is getting a facility that could bring Air1 to Western Pennsylvania's biggest population center. For Family, listeners to a major NPR member station may soon become irked at their upgrade plan.

Philip Falcone's HC2 Station Group has just filed its third Form 345 FCC filing this week, and this time around the owner of the Azteca América broadcast TV network is acquiring a licensed and silent LPTV facility in a big Midwestern market. An escrow deposit has already been made.

On June 25, Atlanta-based Gray Television successfully reached an agreement to merge with Raycom Media. When all is said and done, the new Gray TV will own 142 stations across 92 DMAs. However, nine station spins were announced in order to meet federal regulatory approval in markets where Gray and Raycom each own stations. The first of these nine stations has just been dealt.