Nexstar Chooses Carter Successor as CFO
As of August 9, the nation's largest broadcast TV station owner will have its new EVP/CFO. The appointment comes following the promotion in October 2020 of Tom Carter to President/COO, a move that saw him retain his financial role.
TEGNA Board OKs Dividend As Share Slip Continues
TEGNA's board of directors on Thursday declared a second bumped-up dividend payable to shareholders on Oct. 1, so long as they are stockholders of record as of market close on September 3. TEGNA's leader notes the move comes in recognition of the company's strength. Yet, its stock price has moved steadily downward since mid-April.
Philip Falcone’s New Venture Snags Another LPTV Property
The former head of HC2 Holdings is quickly amassing a new collection of low-power TV stations through his Sovryn Holdings. His latest acquisition involves a digital low-power facility in the Valley of the Sun.
Comcast’s NBCU, Sky Launch Consultancy and Research Arm
NBCUniversal and Sky, Comcast's twin visual media and entertainment arms, have launched a global consultancy and research arm. And, in a sign of the times, it is centered around culture.
Introducing Gray TV’s New No. 3 Institutional Shareholder
According to a newly made SEC filing, there's a Michigan-based institutional investor that now holds 5.2% of the publicly traded shares associated with Gray Television. What do we know about this holder, MBX Capital LLC? It's controlled by an Indian-American billionaire entrepreneur and philanthropist.
A ‘Strategic Network Services’ Deal Matches DISH with AT&T
DISH has selected its primary network services partner for its mobile virtual network operator, or "MVNO," customers, inking an agreement with billions of dollars in value. It's with AT&T, and it is a 10-year agreement, according to a SEC filing made by DISH.
Nexstar’s Option? Adding Assets In Texarkana
On January 1, 2015, Nexstar Media Group agreed to an amended "put and call option agreement" with White Knight Holdings. On July 6, 2021, Nexstar exercised its option, putting the wheels in motion on its acquisition of a MyNetwork TV-affiliated UHF serving northwest Louisiana, and its MyNet sibling serving Tyler-Longview, Tex.
Katz Resigns As Scripps’ National Nets Head
Jonathan Katz, the founder and President/CEO of the Katz networks, which Scripps acquired in 2017, has resigned as COO and Head of Entertainment for Scripps’ national TV networks business. He'd been in that role for some eight months.
TV Sales Compensation Study Concludes July 23
For the second consecutive year, the Radio+Television Business Report is teaming up with Media Staffing Network for an exclusive Sales Compensation Study. The final day one can participate by taking the survey is July 23. PARTICIPATE NOW!.
TV Network Affiliate Groups A Go for NAB Show Meetings
The affiliate boards of directors of ABC, CBS, FOX Television and NBC will once again meet during NAB Show, scheduled as an in-person event from October 9-13 in Las Vegas.
It's another sign that the "premier event for broadcasters and the broader media, entertainment and technology industries" is moving full steam ahead.
NEXTGEN TV Expands In the ‘Model Market’
As the first market in the U.S. to experience NEXTGEN TV when it launched in 2018, audiences in the Phoenix area have been among the first to experience the next generation of digital TV broadcasting. Now, there is an expanded roster of stations using the ATSC 3.0 digital broadcast TV standard available for viewing.
Norsan Buys A TV Station, Bringing An ‘Estrella’ To Town
It has quietly become one of the biggest media companies serving Spanish-speaking audiences across the Southeast. Now, Norsan Media is growing by bringing one of the region's fastest-growing markets an Estrella TV affiliate. To do so, it is buying a low-power digital TV facility in this locale, the nation's biggest city by square miles.
Sinclair/Omaha Leader Snagged By Nexstar For RGV Gig
He's most recently served as the VP/GM of the Sinclair Broadcast Group-owned FOX affiliate serving Omaha and The CW Network affiliate it runs via a local marketing agreement with Mitts Telecasting Co. Now, after nearly 11 years in Mid-America, this 30-year local TV veteran is heading to the Rio Grande Valley for a new role with Nexstar Media Group.
NABLF 2021 Service to America Award Winners Revealed
The NAB Leadership Foundation has unveiled the winners of the 2021 Celebration of Service to America Awards, which recognize outstanding community service by local broadcasters. Winners were announced during a televised Celebration of Service to America Awards program.
A Unique Group of LPTVs Are For Sale. What’s So Special?
TV transactions of late have also included deals involving unbuilt low-power TV stations. With a sign-on deadline of Tuesday, time is rapidly ticking for those seeking to spin these facilities and cash out. Then, there's a group of LPTVs for sale that are a bit unique. How so? They don't need to be built until 2023.