Skyview Networks and ABC Audio Agree to Separate
A partnership between Skyview Networks and ABC Audio will be coming to an end at the end of 2023, the Phoenix-based radio syndication and national ad sales firm has confirmed.
‘Advertising Recession’ Continues For Canada’s Corus In Fiscal Q3
Corus Entertainment on Thursday released its fiscal third quarter 2023 results, and for President/CEO Doug Murphy, the declines are the result of one key conclusion — the Canadian radio and TV station owner's advertising recession, which began last summer, continues, negatively impacting revenue.
A Big Revision Downward From BIA On 2023 Local Ad Dollars
In November 2022, BIA VP of Forecasting and Analysis Nicole Ovadia offered up her first prediction of just where media advertising revenues will be in 2023. At first, a decline of 0.5% from the firm’s final estimate of $166.5 billion for 2022 was expected. Revised data has just been released by BIA, and it's not as rosy.
SCOTUS Declines To Reconsider 2008 Bankruptcy Sale of Alabama FM
Nearly 15 years ago, a Chapter 11 bankruptcy trustee for an Alabama broadcaster engineered the sale of an FM for $1.1 million. The licensee, however, had protested this sale, claiming Citizens Bank wrongly foreclosed on the FM and that it had a more robust purchase agreement in place. An Alabama federal court ruled in favor of the bank. Now, the U.S. Supreme Court has declined to consider an appeal.
After 28 Years, Saunders To Retire From FOX/DFW
She has served as SVP/GM of FOX Television Stations' two Dallas-Fort Worth broadcast properties since 1997, and has been with the company since 1995. Her final day in the role is Friday, FTS has confirmed.
NAB Applauds FCC Move to Affirm ATSC 1.0 Sunset Date
A FCC "Third Report and Order and Fourth Further Notice of Proposed Rulemaking" that seeks public comment is a significant matter for all U.S. broadcast TV stations, as the Commission has now said when required identical ATSC 1.0 and ATSC 3.0 can conclude.
A Heritage R&B FM Seeks SAG-AFTRA Representation
A June 30 deadline for the Alliance of Motion Picture and Television Producers to reach "a fair deal" with SAG-AFTRA has some growing increasingly concerned about a work stoppage. In Philadelphia, SAG-AFTRA representation is something air personalities and producers at "Power 99" seek. Will iHeartMedia say yes to their effort?
Senate Committee Considers Anna Gomez For Fifth FCC Seat
On Wednesday, the four voting members of the FCC appeared at a House oversight hearing that touched on GOP concerns over the aborted TEGNA acquisition by Standard General. Sen. Ted Cruz made sure the subject was a focal point of Thursday's Senate Commerce Committee nominations hearing for four FCC roles.
NAB Cheers Cantwell Call For vMVPD Retrans Plan
While much of the discussion during Thursday's Senate Commerce Committee FCC nominations hearing focused on subjects such as broadband access, Majority Leader Maria Cantwell made it clear that a proceeding started nine years ago regarding streaming media services and “bargaining in good faith” needs to be revived. Curtis LeGeyt couldn't agree more.
Political Divide In Full View At FCC Oversight Hearing
From net neutrality to the failed TEGNA takeover by Standard General, Democrats and Republicans on the House Energy & Commerce Committee are at odds with many of the regulatory topics of top discussion involving the FCC. Yet, there's one thing both parties seek: a return of the FCC's spectrum auction authority.
Pro-MVPD Advocacy Group Wants Detroit Deal Stopped
The American Television Alliance, of which MVPD lobbyist ACA Connects is a member, has filed comments with the FCC opposing what it calls "the sham sale" of WADL-TV in Detroit. Why? The buyer, they say, is really the No. 1 licensee of broadcast TV stations in the U.S.
Could The War In Ukraine Stop Tavis Smiley’s KBLA Buy?
A Petition to Deny stands in front of the FCC that could thwart the sale of a L.A. AM radio station to Tavis Smiley. It comes courtesy of the Ukrainian Congress Committee of America. Why does the UCCA care about KBLA, and Smiley? It's all about the seller's relationship with Sputnik, indirectly bringing the War in Ukraine to the FCC.
Entravision Officially Selects Ulloa Successor
The successor to the late founder and CEO of Entravision has been named, and it is an individual who previously as President and Chief Operating Officer of two public software companies, New Relic and CA Technologies, and as an investment banker with Allen & Company and Salomon Brothers.
Ad Revenue Outlook Remains Optimistic Despite Slight Chill
As the halfway mark of 2023 nears, research firm MAGNA Global has released its June 2023 Ad Forecast for TV, internet, print, radio, cinema, and out-of-home. The forecast is pulled from media suppliers' revenues in 70 markets, representing 95% of the world's economy.
For Hispanic Radio, What’s The Biggest D.C. Topic Of Concern?
From the removal of AM radio in new vehicles sold in the U.S. to the nomination of Anna Gomez as the first Hispanic Commissioner at the FCC since Gloria Tristani two decades ago, the top legal and FCC issues facing Spanish-language radio were addressed in a Thursday Hispanic Radio Conference panel session.