More Park Land In Parkland Means Beasley Sign-Offs
Just north of Marjory Stoneman Douglas High School in Parkland, Fla., sits a parcel of land that until now has housed the three broadcast towers used by a pair of Beasley Media Group AMs. It's valuable land, and Beasley is cashing out. The result is the silence of the twin facilities.
Lightning Strikes Scripps Sports With Tampa Bay OTA Deal
The National Hockey League franchise serving the Tampa-St. Petersburg market will soon be bringing its telecasts to broadcast TV, following the lead of its in-state rivals, the Florida Panthers, and two NHL teams in the Western U.S.
A Top Nielsen Exec Resigns, With Big Separation Payments
In September 2018, Nielsen appointed a new CFO, succeeding Jamere Jackson. He later added COO duties at the nation's dominant audience measurement and data analytics company. Now, he's leaving ... and a SEC filing reveals he has two big paychecks coming his way between now and July 1, 2020.
U.S. House Votes To Cut NPR, PBS Funding
By a mere two votes, the full House of Representatives on Thursday afternoon approved the Rescissions Act of 2025, a move considered a victory for the Trump Administration in its quest to curtail all government funding of public broadcast organizations PBS and NPR.
Entravision’s Five-Year Stock Slide Continues
Hispanic media company Entravision is struggling: Its radio stations are underperformers, its Headway digital arm is exposed to a ravaged Argentine Peso, and its TV stations aren't lighting up the world, either. Investors have reacted on Wall Street, with EVC heading to a fresh five-year low on Thursday.
Gray Reveals Upsizing and Pricing of Second Lien Notes
On Tuesday, broadcast TV company Gray Media announced a private offering of $900 million aggregate principal amount of 9.625% senior secured second lien notes due 2032. One day later, the NYSE-traded company unveiled the pricing of the offering, and it is an upsizing — a mark of success for Gray.
Standard General Responds To TEGNA Turn-down
Standard General Founding Partner Soo Kim has responded to a unanimous decision by TEGNA's Board of Directors to decline his firm's nomination of four individuals to seats on TEGNA's Board. In a letter to Standard General's shareholders, Kim asked recipients to look toward Wall Street, as TEGNA continues to engage in "value-destroying M&A strategy," which underscores "the urgent need for change."
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.
Meredith, Nexstar Team For NEXTGEN TV Launches in Portland
Call them competitors. Call them united in their goal to bring ATSC 3.0-powered television programming, 24/7, to the Rose City. Meredith Local Media and Nexstar Media Group on Thursday jointly announced plans to launch the first NEXTGEN TV service in Portland, Ore.
Probe By House Democrats To Investigate Skydance-Paramount Merger
A collection of Democrats who sit on both the House Judiciary Committee and House Energy & Commerce Committee, which maintains oversight of the FCC, have launched an inquiry into whether David Ellison agreed to payoff and to "provide free services" to President Trump prior to Skydance’s merger with Paramount.
TEGNA: Furloughs, and Temporary Pay Cuts
TEGNA is the latest media company to adjust employee salaries and implement a furlough. However, it isn't as severe as what has been seen at some of the nation's biggest radio broadcasting companies. The temporary pay cut is small, percentage-wise, and the furlough totals one week of service.
Marquee Sells A Western Washington TV Station To Cowles
The broadcast media company controlled by Patricia and Brian Lane and led on a day-to-day basis by COO Gene Steinberg has signed off on the sale of a television station serving a small city in the state of Washington. The buyer? It is a regional operator with a formidable presence in the Pacific Northwest.
Soo Kim Snubbed As TEGNA Shareholders Go With Gold Card
At 8am today, the TEGNA annual shareholders' meeting got underway. The main event: A vote for the "GOLD" proxy card, or going with the "WHITE" proxy card — selecting a group of Board of Directors nominees hand-picked by dissident shareholder Standard General. By 8:30am, it was determined that Soo Kim's quest for a greater role has ended — at least for now.
FCC Chairman Confident For October Meeting With NEXTGEN TV Vote
As far as Brendan Carr is concerned, the October Open Meeting of the FCC is on, signaling his confidence that the shutdown of the U.S. government will be resolved within the next three weeks. That may be good news to the roughly 1,000 FCC staff members who received temporary furlough notices last week.
The Coronavirus INFOCUS Podcast: Nexstar/Lansing, Mich.
Marci Daniels literally just departed Nexstar Media Group’s WETM-18 in Corning and Elmira, N.Y. after three years. She's now leading Nexstar's WLNS-6 in Lansing, Mich., while overseeing its JOA for WLAJ-53 and The CW Network affiliate here. Learn more about her transition, and what she experienced in New York in this fresh podcast. LISTEN HERE