Legacy

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Michael Dagen is awaiting regulatory approval for his purchase of a low-power television station from a group led by President Ana Guel. With the FCC's OK, this gives Dagen control of a property licensed to a small municipality along Interstate 8 just east of Yuma, Ariz.

With much of Central Florida lacking electricity as the sun rose on Thursday, local radio and TV stations were offering a variety of updates from journalists and listeners themselves — offering vital updates on the aftermath of a storm unlike any other the Sunshine State has faced.

Beasley Media Group has offered details regarding the expiration and final results of its exchange offer of its existing notes; its tender offer; its new notes offer; and its consent solicitation established in its exchange offer designed to replace old debt at new debt — giving the radio station owner more time to repay its lenders.

To gain a firsthand account of communications recovery efforts in the aftermath of Hurricane Helene, which cut a swath through the Florida "Big Bend" area before barreling through eastern Georgia and Western North Carolina, the Chairwoman of the FCC was scheduled to visit both Charlotte and Asheville on Friday.

In an intriguing turn of events, the bankrupt Diamond Sports Group, which operates regional sports networks through a licensing agreement with Bally, has asked a Houston federal bankruptcy court to approve an amended plan that would erase its Major League Baseball agreements as of December 31, 2024.

The Excellence in Economic Analysis Award recognizes Commission staff for outstanding economic analysis conducted in the course of their work at the FCC, while the Excellence in Engineering Award recognizes Commission staff who have made outstanding engineering, scientific, or technical contributions.

With powerful Hurricane Helene nearing Florida's Big Bend and "Forgotten Coast" ahead of bringing strong rain, wind and potential flooding concerns to Tallahassee, Fla.; and Georgia, DirecTV has launched a Severe Weather Channel and four-channel Severe Weather Mix mosaic, with the latter featuring coverage from an array of local broadcast TV stations.

A 35-year veteran of local broadcast television since November 2017 has served as VP/GM of Cox Media Group's CBS affiliate in Jacksonville — along with the FOX affiliate it operates via a shared services agreement.  On December 31, he'll officially retire from the industry.

She has served as Assistant News Director for ABC Owned Stations' WLS-7 in Chicago since 2022. Now, she's getting a promotion to VP of Marketing, a role that puts her in control of local programming, marketing and design.

Wade Davis is no longer the Chief Executive Officer of TelevisaUnivision, the company announced early Thursday, after reports in The New York Times and Reuters distributed Wednesday evening cited unnamed sources close to the matter that a change in leadership was imminent. Who's his successor?

A full Committee markup of some 16 bills including the AM radio legislation are being teed up for a session scheduled for 10am Wednesday on Capitol Hill. House Energy and Commerce Committee Chair Cathy McMorris Rodgers will oversee the markup session, and it will be a busy one.

The Media Monitors Spot Ten Cable report for the week ending September 15 shows that two QSRs dominated by spot play across the cable television networks it measures. At the same time, a weight loss drug is now in the Spot Ten, adding some irony to the list of key cable TV advertisers.

If you're a RBR+TVBR Premium Member, you’ve already received a VIP e-mail with your link to the Radio + Television Business Report's all-new Summer 2024 Special Report. It’s a 40-page digital magazine available via PDF download and contains exclusive interviews with Michael J. Hayes of Hearst Television, a cover interview with Leo MacCourtney and lots more — including our Broadcast Best Finance Leaders rankings for this year!

The team led by Vincent Létang has issued a report that backs up a forecast from Brian Wieser released earlier this month, concluding that full-year non-cyclical ad spend will grow by 8.9% — up from its previous prediction of 8.2% growth. For MAGNA, this represents one of the best performances in 20 years. That said, the headwinds will continue for broadcast radio companies.