FCC’s Gomez Slams Paramount-Skydance Merger Upon Closing
Paramount Skydance Corporation is officially the owner of CBS News & Stations. It is trading on the Nasdaq GlobalSelect market as "PSKY," and as of 3:35pm Eastern was down by 2.2% from its inaugural $11.65 price. That still doesn't sit well with the lone Democrat who serves as a FCC Commissioner.
A ‘Solid’ Q2 Can’t Stop Sinclair Swing To A Net Loss
“Sinclair delivered solid second quarter results, successfully navigating a challenging macro-economic environment." That's the assessment of Sinclair Inc. President/CEO Chris Ripley as the publicly traded company fueling the push toward ATSC 3.0 adoption released its Q2 2025 financial report card on Wednesday afternoon.
FOX To FCC: ‘Big Four’ Network O&Os No Different Than Affiliates
Some media observers have privately suggested that the FCC could treat ABC, NBC, FOX and CBS owned-and-operated stations differently than those owned by companies with stations affiliated with these networks. FOX Television Stations has made its case that there is no discernable difference between the two.
‘Local First’-Focused Townsquare Beats The Street In Q2
The parade of second quarter earnings results for publicly traded broadcast radio ownership groups has begun, and for the Bill Wilson-helmed "Local First" company with a strong digital revenue engine, Q2 was one that exceeded investor expectations.
Television Revenue Rises 4% for FOX In Fiscal Q4
"Fiscal 2025 was another outstanding year for FOX, demonstrating broad based strength across our businesses and achieving record financial results all while making important investments in our digital growth assets." That's what Lachlan Murdoch, FOX Corporation's Executive Chair and CEO, shared on Tuesday.
The Broadcast TV Ownership Cap: A Tale of Two Views
Should the FCC eliminate or tweak its 39% broadcast television ownership cap? For the NAB, the answer is yes. But, for one "nonpartisan, right-of-center public policy think tank that advocates for laws and policies promoting free enterprise," the FCC has a big obstacle preventing it from making any change.
Skydance Reveals Its Post-Merger Paramount C-Suite
While many are bracing for what could be a massive reduction-in-force tied with the $8 billion merger's closing, others are wondering who will be in the combined executive leadership mix at Paramount following its acquisition by Skydance Media. We now have the answer, with David Ellison at the top as CEO.
‘ABC Miami’ Officially Debuts As WPLG Goes Fully Local
After nearly 69 years as an ABC affiliate serving viewers across South Florida and all of the Bahamas, Berkshire Hathaway-controlled WPLG-10 in Miami is no longer linked with the network owned by The Walt Disney Co. That's because it has moved to a subchannel of WSVN-TV in Miami and a leased LPTV property.
CPB Confirms ‘An Orderly Wind-Down of its Operations’
On Thursday, RBR+TVBR reported that a markup of the 2026 Labor and Health and Human Services appropriations bill had taken place and provided no funding for the Corporation for Public Broadcasting. Now, the organization has confirmed that CPB will be ceasing operations. Most staff will exit on September 30.
Allan Block Agrees To Sell BCI’s TV Stations To Gray
The publicly traded broadcast TV ownership group co-led by Hilton Howell Jr. and Pat LaPlatney said it has reached an agreement with BCI to acquire its television stations. The deal creates a three-station group in Louisville and the need for a "Top-Four Prohibition" waiver.
Gray To Add Two TV Stations To Its Stable
In an announcement made just after 4:30pm Eastern on Thursday, Gray Media confirmed that it has reached an agreement to acquire two stations that it has been operating via shared services agreements with the licensee.
A Wild Day For Paramount Global Stock Ahead of Q2 Reveal
After a brutal morning that saw Paramount Global shares fall to $11.55, the company's stock recovered somewhat to dampen a dip that preceded the release of its Q2 2025 earnings report. The activity ahead of the second quarter earnings release also saw Paramount's Chief Content Licensing Officer resign.
A Seriously Big Miss For Sirius XM In Q2
With the majority of the broadcast media industry's Q2 earnings reports due to arrive over the next two weeks, could the widely diverse fiscal health results seen from a variety of companies today be a harbinger of what to expect? If so, beware: Sirius XM's earnings per share missed expectations by more than 26%.
FCC Establishes Pleading Cycle For Gray, Scripps Duopoly Plans
The July 7 announcement that Gray Media and The E.W. Scripps Co. have entered into agreements to swap television stations across five mid-sized and small markets, resulting in the creation of new duopolies for each group, has led the FCC to establish a pleading cycle for the purpose of seeking public comment on the proposed change in control.
On-Demand Music Videos Come Alive On Sinclair TV Stations
It bills itself as "the world’s first fully interactive TV music channel," and it is powered by FastStream Interactive and ATSC 3.0 head cheerleader Sinclair. Thanks to a newly signed strategic partnership, ROXi’s music channel is being brought to 31 DMAs — with additional US markets launching later this year.