the HOT List

Soros Fund Management is set to become the primary shareholder of Audacy following the company’s pending emergence from Chapter 11 bankruptcy.

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.

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. 

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 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.

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.

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.

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.

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.

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.

The judge overseeing Audacy Inc.'s Chapter 11 restructuring case in a Houston federal bankruptcy court is expected to give his approval to a pair of asset sales that don't involve any of its AM or FM radio stations. Rather, the deals involve real property in Boston, with one of the buyers a major multinational tower owner.

The nation’s biggest owner of broadcast television stations could be on the hook for a fine in the hundreds of thousands of dollars for apparently violating FCC rules when negotiating with Hawaiian Telecom.

Once the dust settled on Wall Street after broadcast TV companies and virtual MVPD FUBO all saw significant share dips following the news of a planned "Hulu for Sports," both FUBO and Gray Television released official statements on the proposal. The two companies couldn't be more divergent in their responses.

Bell Media's parent, which partners with iHeartMedia in Canada, is undertaking the "largest workforce restructuring initiative in 30 years."  Some 4,800 positions will be cut, driving in-year cost savings of $150 million CDN-$200 million CDN. To do this, CTV network newscasts will get cut. Radio stations will be sold.

Investors reacted to an announcement from ESPN, FOX and Warner Bros. Discovery that they plan to launch a sports-focused subscription-based streaming platform by selling off their shares in key broadcast television companies. By mid-afternoon Wednesday, double-digit percentage dips were seen.