Thursday, May 14, 2026

Urban One Dumps BDO Over MGM Valuation Redo

After problems surrounding a delayed disclosure of Urban One's 2022 earnings, the company is changing accounting firms. Urban One had been using BDO, but after a mishap around the accounting on MGM National Harbor profits, they are moving to Ernst and Young.

With SAG-AFTRA Strike Authorized, A Sinclair Station Says No To IATSE

The International Alliance of Theatrical Stage Employees (IATSE) extended its "unwavering support and solidarity" for SAG-AFTRA Members who on Thursday authorized a strike. Just don't include certain employees at an NBC affiliate owned by Sinclair Inc. in the mix of those that wanted a potentially crippling work stoppage.

Anna Gómez Moves One Step Closer To Fifth FCC Seat

That said, there were plenty of "no" votes from Republicans and Democrats for Anna Gómez, who seeks the fifth and vacant FCC Commissioner's chair, and for incumbent Commissioners Brendan Carr and Geoffrey Starks.
Pile of Money

Audacy To Open Discussions On Debt Restructuring

Audacy Corp. has confirmed that it has initiated discussions with its lenders to refinance its debt and "optimize" the company's balance sheet — something the company says it "previously stated we intended to do." A group of senior leaders has hired one noted law firm, while a group of second-lien bondholders has engaged another nationally known law practice.
Sheila Oliver

From Seattle To Chicago For FOX TV Stations’ Oliver

For the last two years, she has served as SVP/GM of KCPQ "FOX 13" and sibling KZJO "JOEtv" in Seattle. Now, the 21-year FOX Television Stations leader who has been overseeing the company's two properties in the Pacific Northwest's biggest market is heading to the Windy City.

Entravision Leaders Get Equity Boost After Ulloa’s Death

Paperwork has been filed at the FCC by Entravision's outside legal counsel, Ari Meltzer of Wiley LLP, that indicates several company executives will be the beneficiaries of the late Walter Ulloa's shares in the company he created.

MeTV Wins A Legal Tussle Over Viewing History Deal

A potential class action lawsuit against Weigel Broadcasting-owned classic TV and retro radio brand MeTV has been dismissed by an Illinois Federal District Court on the grounds that MeTV did not unlawfully disclose plaintiff's personal "video viewing" history and associated unique Facebook identification.
Preston Padden

Can Alleged Fox Corp. Actions Prevent A Philly License Renewal?

The Media and Democracy Project has petitioned the FCC seeking to deny WTXF's license renewal. It made the action based on its belief that senior management of FTS parent Fox Corporation "manipulated its audience by knowingly broadcasting false news about the 2020 election." Supporting the group — outspoken former Fox executive Preston Padden.
Honolulu, from atop Diamondhead [Photo: Adam R Jacobson/RBR]

Nexstar Gets A Retrans Consent Complaint From Hawaii

For customers of Hawaiian Telcom on Oahu with cable TV services, programming from FOX, MyNetwork TV and The CW Network isn't available. It's thanks to the second retransmission consent dispute this week to involve the nation's No. 1 owner of broadcast TV stations — Nexstar Media Group.

Hearst Completes Its ‘NBC2’ Buy In Florida

RBR+TVBR was first to report on the blockbuster $220,540,000 acquisition of the NBC affiliate serving Southwest Florida and the assumption of a programming relationship with the company that owns the market's ABC, MeTV and Dabl affiliate. Now, the deal has closed.
Nexstar Logo

DirecTV, By Law, Pulls Nexstar Stations Over Retrans Dispute

It's official: The nation's biggest owner of broadcast television stations has been unable to reach a retransmission consent agreement with DirectTV and U-Verse, even as the TV station group offered to extend its current agreement to a date of the DBS provider's choosing up until October 31.
Alfred Liggins III, President/CEO, Urban One

With 10-K Filing, Urban One Reveals Restated FY ’22 Results

On Thursday, it became known that Urban One would host a conference call for analysts and shareholders on July 7 to discuss its restated fiscal 2022 earnings results. It turns out that this is now optional for those who simply want to look at the numbers. A 10-K filing made Friday by Urban One disclosed all of the financial figures for the 12-month period ending December 31.

Three TV Groups Want Federal Ad Price-Fixing Settlement Annulled

At the end of May, TEGNA and the successor companies to Raycom and Meredith did not agree to terms with settlement agreements that resolve advertising price-fixing claims being litigated in a Chicago federal court. Now, the TV station owners have asked the court to reconsider the settlement agreement reached in May. Why? Confidential client rosters would be handed over to the plaintiffs.
Bonneville International

Meet Bonneville’s New Chief Content Officer

She dedicated 25 years to a career as a television news anchor and reporter, with a decade spent at Bonneville's KSL-5 in Salt Lake City. Additionally, she's been an instructor of broadcast journalism at Brigham Young University and a member of the LDS Church media team. Meet the new EVP/Chief Content Officer for Bonneville.
Rich Schmaeling, CFO of Audacy Corp.

A Reverse Stock Split For Audacy Is Complete

Audacy Inc. has moved forward with a reverse stock split — a decision rooted in its desire to regain compliance to trade on an exchange such as the NYSE, which it was booted from due to its prolonged sub-$1 share value. What was the ratio that Audacy's executive leadership team decided upon?