Non-Consummation For A Sovryn St. Louis Deal
Sovryn Holdings, the entity led by Philip Falcone, will not be moving forward with the purchase of a low-power TV station serving St. Louis. He'd agreed to a $1.05 million deal in December. RBR+TVBR has confirmed that a new buyer is all lined up, with paperwork just filed for approval with the FCC. Who's getting the property now?
TEGNA’s Q1 Numbers Beat Street
TEGNA released its quarterly earnings report and went about its day, as no quarterly earnings call was held as the company weaves through a takeover plan from Standard General and Apollo Global Management. How were the results? The TV station owner and Premion parent surpassed the consensus estimates.
‘Disciplined’ Scripps Sees Mixed Results In Q1
“Once again in the first quarter, Scripps delivered a terrific financial performance," Adam Symson, the President/CEO of The E.W. Scripps Co., said as he opened the broadcast media company's Q1 2022 earnings call. Yet, while Scripps beat the Street on its Q1 revenue, it fell slightly short of the consensus estimate on its earnings per share.
With Digital The Biggest Driver, Entravision Soars In Q1
Its roots may be in the U.S. Hispanic media market, but it is clearer than ever that Entravision Communications is a global digital media company. On May 4, it expanded to the African nation of Kenya, naming Maggie Ndirangu its Managing Director of Kenya Operations. That will likely further fuel the digital revenue engine for Entravision, which gets the majority of its total revenue from digital.
With Miami Beach Abandoned, First-Ever NATPE Hollywood Reveals Agenda
In January 2020, NATPE Miami was staged at the Fontainebleau Miami Beach resort. Scant discussion of an Asian health scare called COVID-19 was had. Today, NATPE Miami is dead. In its place is a new one-day event scheduled for June 1 in Los Angeles.
Retrans Revenue, Political Dollars Power Graham Media In Q1
The division of Graham Holdings Company today led by President/CEO Catherine Badalamente enjoyed revenue growth across its seven broadcast TV stations and its provider of social media management tools designed to connect newsrooms with their users.
Sinclair Shares Rise On Dividend News, Q1 Results Release
Political advertising is off to a strong start, exceeding the company's Q1 expectations. This, Sinclair President/CEO Chris Ripley says, helped drive the broadcast and "other" Q1 2022 media revenue to the upper end of its guidance range. But, is it political alone that will ignite Sinclair revenue in Q2 and beyond?
Three Allen Media Networks Get Cox MVPD Distribution
Byron Allen’s Allen Media Group (AMG) is comprised of local free-to-air radio stations, the Local NOW OTT platform, and several television networks. Three of these networks are accessible via MVPD Comcast, and on Charter Communications' Spectrum platform. As of today, a new MVPD has been added to the mix, with a deal in place as of today with Cox Contour TV.
A National Lifestyle Show Rollout Is DuJuan McCoy’s Wish
It's gained viewers across Indianapolis with what DuJuan McCoy calls "clean, wholesome, family programming." Now McCoy's Circle City Broadcasting Entertainment, owner of The CW Network affiliate WISH-8, is partnering with Trifecta Entertainment as a consultant focused on bring the show Life.Style.Live! to a national audience.
Smullin Family Completes CMG Spin
In February, a family-owned independent broadcaster led by President/CEO Patsy Smullin moved forward with the sale of the FOX and MyNetwork TV affiliates serving the Eugene-Springfield, Ore., market. Now, the transaction brokered by Frank Higney of Kalil & Co. has closed, and we can share how many millions of dollars CMG paid for the two stations.
TEGNA Flips The Switch On New OTT Offerings
New OTT streaming apps and streaming channels are being rolled out by the company, representing SVOD content tied to its 64 stations across 51 DMAs.
Byron Allen-Owned TWC Gets Spanish-language Sibling
At the 2022 NAB Show in Las Vegas, Byron Allen said that his ownership of The Weather Channel was highly important, given his passion toward combating global climate change. Part of this commitment is delivering weather-related news and information to all across the U.S. Now, TWC has a sibling offering "el pronóstico," or perhaps "el clima" or "el tiempo de hoy."
A Big Dip Into Spot Cable For DQ
It's making noise at Spot Radio. And, it turns out this brand is also seeking to win over consumers through Spot Cable, too. It puts DQ on the warpath as it seeks to gain QSR supremacy in a crowded category.
New Dynamics in the Streaming Ecosystem Mean AVOD Wins
Some 51% of TV content viewers in the U.S. today subscribe to a traditional cable/satellite service. That's according to the just-released State of Pay TV, OTT & SVOD 2022 report from Horowitz Research.
Nielsen’s Digital Ad Ratings Getting Added to Tubi Measurement
The eight-year old OTT platform acquired by FOX in 2020 has confirmed that it is "working on an expansion" of its current integration with Nielsen — one it believes " will allow for enhanced and comprehensive measurement" through Nielsen’s Digital Ad Ratings (DAR) product.