the HOT List

A meeting held Wednesday at the Commission with TEGNA, Standard General and even its main opponents was designed to bring Soo Kim and Co. closer to a needed full FCC vote on the proposed purchase of TEGNA by his hedge fund. However, the "Hail Mary" needed to save the transaction from disintegrating may have failed.

On April 28, Gray Television scored a major "groundbreaking" broadcast TV rights deal with the WNBA and NBA franchises serving Phoenix. At the time, it cautioned that any on-air broadcasts were dependent on pending litigation. As it turns out, the deal has been voided by a bankruptcy judge in the Diamond Sports Group reorganization case.

Yes, the overall numbers were impacted by a significant non-cash impairment charge. But, more importantly, net revenue and adjusted EBITDA guidance was exceeded in Q1 against difficult comps. Furthermore, the adjusted EPS Townsquare Media registered in Q1 beat the consensus estimate of financial analysts covering the "Local First" media and digital advertising company.

“Nexstar’s first quarter financial results once again outperformed consensus expectations across all key financial metrics." That's the good word from Nexstar Media Group founder and Chairman/CEO Perry Sook, as the nation's biggest broadcast TV station owner reported higher net revenue on significantly lower net income. 

Fox Corporation swung to a net loss in its fiscal Q3, but there's one key reason for that — a big legal settlement with Dominion Voting Systems Corp. While that impacted the bottom line, it was a FOX News Channel matter. For the Television segment, the third quarter of 2023 was a strong one, replete with growth.

Thanks to its acquisition of Tribune, Nexstar Media Group today owns KSWB, "FOX 5" in San Diego. Pending FCC approval, it will own a second television station in "America's Finest City" — and Tucson-based brokerage Kalil & Co. helped put the deal together.

How Nexstar Media Group, the nation's largest owner of broadcast television stations, fared in the first quarter of 2023 will be revealed on Tuesday morning. Then, later this month, senior management will be participating in a pair of investor conferences.

“Stay there without a book, magazine, newspaper, profit-and-loss sheet or rating book to distract you, and keep your eyes glued to that set until the station signs off.  I can assure you that you will observe a vast wasteland." Those are the infamous words shared in 1961 by then-FCC Chair Newton Minow, who has died at the age of 97.

When The CW Network was acquired by Nexstar Media Group in 2022, CBS News & Stations maintained the right to end its affiliate agreements with the network. It is now known that the Paramount Global unit has followed through with the affiliation discontinuations, impacting eight DMAs.

"Overall, our businesses have started 2023 in a strong position." That's the declaration from Gray Television as it released its first quarter earnings results on Friday morning, ahead of the Opening Bell on the NYSE. The first quarter of 2023 produced "record results," including $801 million in total revenue.

For The E.W. Scripps Co., a swing to a net loss was indeed seen in the first quarter of 2023. But, the results were in line with the analysts polled by Yahoo! Finance.

On April 20, the company struck a historic multi-year agreement with the Women’s National Basketball Association to televise games on Friday nights during the regular season on Ion, the diginet that it acquired in January 2021. Now, The E.W. Scripps Co.'s Scripps Sports, under the direction of Brian Lawlor, has perhaps scored a hat trick of epic proportions. 

Paramount Global, the parent company of CBS News & Stations, suffered a significant sell-off of its shares on the Nasdaq exchange Thursday morning, following the release of first quarter 2023 earnings that missed the mark on both revenue and earnings per share.

It owns seven television stations located in Houston, Detroit, Orlando, San Antonio, Jacksonville and Roanoke, as well as SocialNewsDesk, a provider of social media management tools designed to connect newsrooms with their users. How did Graham Media Group perform in the first three months of 2023, from a fiscal standpoint?

“Sinclair is seeing a solid start to 2023, meeting or beating guidance on all key financial metrics." Nonetheless, President/CEO Chris Ripley says Sinclair remains "cautious for the full year on expectations for a weaker economy." To help combat an uncertain ad market, the company is looking to data distribution and non-broadcast investments as a profit maker.