Gray Postpones 2026 Term Loan Refinance Plan
On January 30, Gray Television announced that it was amending certain terms of its $1.19 billion term loan and $500 million revolving credit facility due 2026. On Friday, Gray revealed that a "planned opportunistic" refinancing of the term loan is being placed on hold.
Thatcher’s Mission: Contesting A ‘Good Faith’ FCC Fine
At the very least, Mission Broadcasting believes the FCC's proposed $150,000 forfeiture for allegedly not participating in "good faith" retransmission consent discussions with Xfinity parent Comcast Corp. should, at the very most, warrant a $7,500 financial penalty.
It’s Official: WBD Sales Pro Lanzano Lands At Nexstar
One month ago, he took to LinkedIn to share the happy news that he's starting a new position in media advertising sales for a major broadcast media company. Now, it's official: Dan Lanzano is out at Warner Bros. Discovery and has joined the No. 1 broadcast TV station owner in the U.S.
FCC Plan Would Widen Multilingual Emergency Alerts For Radio, TV
Emergency alerts in some 13 commonly spoken non-English languages could be on the way for broadcast radio and television stations in the U.S., thanks to proposed rules that were introduced by the Commission at its February Open Meeting on Thursday.
A 41% Narrowing Of TelevisaUnivision’s Net Loss In Q4
Things are looking up for the world's top creator of Spanish-language audio and video content. Still, a loss in the hundreds of millions of dollars was seen by TelevisaUnivision in Q4 2023. With a recent debt swap at a significantly higher interest rate, the pressure is on for CEO Wade Davis.
Soros Fund To Hold Audacy Majority Stake Post-Bankruptcy
Soros Fund Management is set to become the primary shareholder of Audacy following the company’s pending emergence from Chapter 11 bankruptcy.
K.C. Community Radio Host Killed in Chiefs Parade Shooting
Lisa López was a co-host of KKFI’s “Taste of Tejano,” joining in March 2022 to co-host with Tommy Andrade and Monica Frias McGee. She was slain by an active shooter on Wednesday at the conclusion of the Kansas City Chiefs' Super Bowl victory parade.
ABC News and Owned Stations Align Under OConnell
The Walt Disney Company on Wednesday moved ahead with the formation of a business unit that aligns ABC News with ABC Owned Stations and the ABC networks. Leading the new group for Disney is Debra OConnell.
A Fine Day For A NEPA Pirate Radio Operator
Brigido Danerys Gonzalez saw the need to reach an underserved audience of Hispanics of Dominican heritage in a Pennsylvania city. But, he didn't do it legally. Now, he's been handed a proposed fine from the FCC for his not-so-fine broadcast activities there. Is another illegal operation involved, too?
Nexstar Names A ‘Platform Marketing and Intelligence’ Leader
Nexstar Media Group, which controls The CW Network and also owns WGN-AM in Chicago and the NewsNation channel, has appointed a woman whose chief responsibility is "driving demand and developing unique creative opportunities" for advertisers to connect with the company’s audiences.
In Western N.Y., Spectrum Drops Nexstar CBS Affiliate Over Money
Charter Communications' Spectrum has dropped the affiliate serving Rochester, N.Y., from its systems in two Empire State counties. Interestingly enough, the CBS affiliate here and in the home DMA, Buffalo, are owned by the same company — Nexstar Media Group. And, Nexstar is blaming the MVPD.
Gray TV Scores Five Cavs Games For OTA Broadcasts
Add a Gray Television broadcast television station serving Cleveland to the list of free-to-air offerings that will be bringing regular-season National Basketball Association games to fans across the local viewing area without the need to pay to view it.
‘More Efficient, Agile and Flexible’: A Sirius XM Pledge Cuts Jobs
The company's CEO, Jennifer Witz, has disclosed in an internal memo that roughly 160 jobs will be eliminated at the home of Howard Stern and curated music channels from artists including John Mayer and Kelly Clarkson.
With No Impairment Charge, Net Income Arrives In Q4 For Beasley
Beasley Media Group early Monday released its fourth quarter 2023 financial earnings report. While the company's net revenue and adjusted EBITDA were down year-over-year, Beasley achieved net revenue in the final three months of last year.
Hours Before Super Bowl LVIII, CMG Seals DirecTV Deal
It was widely expected, with the biggest sporting event in the U.S. just hours away from kickoff. At 4:45pm Eastern on Sunday, DirecTV and Cox Media Group resolved their differences over a fresh retransmission consent agreement and came to terms on a multi-year accord.