the HOT List

The audio content creation and distribution company led by David Field has once again entered into amendments that allows the publicly traded company more time to make interest payments associated with its credit facility without a fear of default.  The grace periods come with caveats, however.

Comments made about Dominion Voting Systems and alleged irregularities on Election Day 2020 by a Denver radio host led to a defamation lawsuit from a now-former Dominion executive. Last week, the air personality and Salem, for which he is an independent contractor, argued in a Colorado court the case has no merit.

The outspoken conservative U.S. Senate from Texas who serves as the Republican leader of the Commerce Committee on Monday shared details regarding a letter sent recently to the President/CEO of the Corporation for Public Broadcasting in which he objects to a "mandate that radio and television stations must engage in affirmative action to qualify for grant funding."

While no resolution appears in sight for its retransmission consent impasse with DirecTV, investors in TV station owner TEGNA have been largely nonplussed by the loss of its stations to those who rely on the direct broadcast satellite service for local television. In fact, an analyst declares TEGNA one of three stocks to buy "in a prospering industry."

On December 11, 2019, a radio station owner and "true cowboy at heart" died at the age of 77, ending a 50-year fight with Type I Diabetes. Paperwork now with the FCC seeks its approval of a transfer of control from his estate to his widow. Only, this appears to have occurred more than three years ago.

It was rolling along as another typical quarterly earnings call, held one week after the company released its third quarter earnings results. Then, just after the last e-mailed question from a financial analyst was answered, a big surprise came from Spanish Broadcasting System's longtime day-to-day leader. But. he's not exactly leaving.

While Urban One CEO Alfred Liggins III willing to discuss long-term financial plans, now that Richmond voters have shot down a casino resort proposal for a second time, CFO Peter Thompson offered a glimpse at the company's Q4 pacings while looking back at the first half of 2023. The final quarter of 2023 is lackluster, at best.

Today, Patrick Communications is no more, as Susan Patrick's acknowledgment of federal tax fraud came with her pleading guilty to filing a false tax return. On Thursday, the Deputy Assistant Attorney General in the Tax Division of the Department of Justice told a Maryland federal district court that prison time is warranted.

Entravision Communications, which has its roots in Hispanic-targeted broadcast media properties, has received a proposed fine from the FCC for violations of its rules. The company now has the opportunity to appeal, seek a reduction of, or pay the fine, in the thousands of dollars.

As expected, Miami ABC affiliate WPLG-10 transitioned to a new facility with ATSC 3.0-powered NEXTGEN TV broadcasts joining those of other stations in the market that unveiled NEXTGEN TV signals 11 months ago. The bigger news, however, involves the FOX affiliate controlled by the Ansin family's Sunbeam Television.

What is being described as “a leadership realignment” in the Markets Group of the nation’s No. 1 radio station owner by number of stations is underway, the company announced on Monday. What does this mean for iHeartMedia, across its 160 Markets and 860+ radio stations?

"After 17 months of frustration and expenditures," low-power TV industry entrepreneur "SuperFrank" Copsidas has pulled the plug on the broadcast TV standard tied to the rollout of NEXTGEN TV at the first station in Boston to embrace the technology.

What's the outlook for all-things audio, as offered in the latest global forecast by media from MAGNA? After escaping a rather dismal 2023, 2024 appears to be looking up — ever-so slightly — on a global level. The domestic data, however, isn't so bright.

When it comes to the role of Letter of Credit holder and Swing Line Lender for Audacy Inc., with respect to its credit facility, JPMorgan Chase Bank N.A. has held the role. That changed on Wednesday, when the financial institution resigned, leading the audio content creation and distribution company formerly known as Entercom to appoint a new agent.

A new internal memo leaked to a TV industry blog offers additional insights into the structural evolution underway at Scripps' local broadcast TV stations, with the General Manager role officially eliminated in seven markets. Concurrently, Station Managers are being welcomed in Omaha, and in Lansing, Mich.