Legacy

With talk of bids from Apollo Global Management, Byron Allen's group and even Trinity Broadcasting Network making headlines of late and Soohyung Kim's Standard General putting pressure on TEGNA for representation on its Board of Directors, John Janedis is exiting the company formerly known as Gannett. Janedis is returning to Wall Street to take a seat Marci Ryvicker once held.

In July 2017, a Chicago-based entity led by Richard Bonick quietly acquired a FM translator licensed to Mt. Holly, N.J., from Rowan College at Burlington County for $125,000. Now, Bonick's Spectrum Development Group is cashing out in a big way with the sale of the facility.

In response to the COVID-19 pandemic, NBCUniversal's Telemundo network is presenting a first-of-its-kind all virtual music special scheduled to air Saturday at 7pm on both the network and on the Universo pay-TV network.

The author of the book "Leadership Endurance" is hosting a free video conference on Wednesday to help radio and other leaders cope with the COVID-19 pandemic. Concurrently, the Managing Partner of InTown Media is asking a select group of broadcasters to join him in a short beta of a new weekly online video meeting for broadcasters who are isolated and working from home.

Fox Corporation is offering unlimited access to FOX News Channel and FOX Television Stations "to ensure that every person in America can access the latest national and local news regarding Coronavirus."

The Commission on Wednesday (3/18) adopted an Order making revisions to parts 73 and 76 of the Commission's rules. This eliminates what the FCC has considered to be obsolete transitional public file requirement language in its regulations.

BIA Advisory Services has updated its estimates for the local advertising forecast in the U.S. and by market for 2020 and beyond, and in doing so has made "significant revisions" to its prior forecast. To little surprise, it has been done to incorporate considerations related to expanded political advertising, the impact of the COVID-19 virus, and, to a lesser extent, a drop in oil prices.

All Crown products sold between January 1 and December 31, 2020 will automatically receive an extended six-year warranty. This warranty extension applies to all markets globally, excluding Brazil, India, Russia and China.

The sell-off of stations licensed to High Plains Radio Network continues. This time, it involves three FMs acquired by the Monte Spearman-led broadcasting company in April 2016. Who is the buyer, and is he making a profit some four years later?

Set your alarm clock and a backup on your smartphone, and be sure to brew a strong cup of coffee. Early risers Bill Wilson and Claire Yenicay will once again host a rise-and-shine pre-market quarterly earnings call to discuss the performance of Townsquare Media.

The LPTV Spectrum Rights Coalition has surveyed its members and general newsletter readers regarding their plans for late April, when the NAB Show in Las Vegas is to be staged. Based on reader feedback and COVID-19 concerns, it will not be holding its independently produced event held during the National Association of Broadcasters' biggest annual affair.

Travel to the southeast of Canton, Ohio, and you'll find a Class A noncomm owned and operated until now by Denny and Marge Hazen. They're now saying goodbye to their non-secular FM. The buyer? The second-biggest owner of radio stations in the nation.

The E.W. Scripps Co. has appointed the 14-year VP/GM of a station in Lafayette, La., to a similar role for its NBC affiliate in Lexington, Ky. He takes his new role in a month.

A Class B AM with a rich heritage serving the Windy City's African American community was acquired in October 2003 by a Detroit-based operator committed to providing gospel programming to listeners. Today, the station is in the hands of a court-appointed receiver.

Multiple deals in the last two weeks suggest High Plains Radio Network is refining his stable of assets. The regional broadcast company has engaged in multiple station sales, with filings with the FCC including the $5,000 spin of a Class C3 Country FM in Arkansas. Now, HPRN is dealing two AMs, two FMs and a FM translator -- also in Arkansas -- to the same party that is getting that Country station.