This week, the state of Maine will get another economic boost from the official ribbon-cutting and grand opening of a 33,000-square foot manufacturing facility in the city of Lewiston. The launch of the new Dielectric facility will also be good news for TV broadcasting companies in the midst of a post-FCC spectrum auction repack process. In an exclusive RBR+TVBR Weekly Tech Roundup interview, Dielectric VP/GM Keith Pelletier shares why there's a need for the new facility, and how Sinclair Broadcast Group ownership has helped Dielectric achieve considerable market share in its space.
Don't think for a minute that David Field isn't the right de-facto leader for bringing renewed vigor to the radio industry. The Entercom President/CEO has given Chief Marketing Officer Ruth Gaviria the green light to a huge initiative designed to get the attention of the very people that can help propel AM and FM stations to new heights: Chief Marketing Officers for the nation's biggest companies.
More than 40 years ago, John Ivey began his radio industry career as an on-air personality and music director at a station in his hometown of Owensboro, Ky. He's starting December 2017 with a promotion to the very top programming post for all of iHeartMedia's Top 40 radio stations.
Cumulus Media shares plummeted during Thursday's trading on the OTC exchange, following the Atlanta-based company's Wednesday evening announcement that it has elected to file for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The filing by the nation's No. 2 radio broadcasting company by number of stations was made in U.S. Bankruptcy Court for the Southern District of New York.
In the latest update regarding the future of the AM and FM stations in Upstate New York owned by Ted Morgan, a Form 314 filing made today with the FCC lifts the curtain on just who will be the new owners and operators of the only station owned by Morgan that remains on the air. We've got the details.
Shares of Spanish Broadcasting System's publicly traded stock sank by more than 25% on Tuesday, with higher-than-usual volume. Then, as the Closing Bell rang on Wall Street, a huge buy catapulted SBS shares into positive territory. The day-long dip comes following Monday's sale of two Mega TV affiliates in Tampa and Orlando, and a likely change in programming.
Yesterday RBR+TVBR reported on the sale of silent WNBZ-AM to North Country Radio — the Lake Placid-based entity co-owned by Jonathan Becker and Gregory Gallacher — by fiscally impaired broadcaster Ted Morgan. Now, RBR+TVBR has confirmed that the only station owned by Morgan that is actually on the air has been sold, and he's exiting the business. However, little is known about the buyer of the station deal that's just been announced.
The radio industry could be sitting on a profit-making goldmine. Beasley Broadcasting Group CEO Caroline Beasley sees the potential. Now, the FCC Chairman during the Reagan Administration is ready to make a big splash with a technology that can give HD Radio a boost -- and make FM radio a powerful tool in the growth of "IoT." Read more in this exclusive RBR+TVBR INFOCUS report now available to Tech readers.
An entity that describes itself as “a publicly traded diversified holding company which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns in order to maximize value for all stakeholders” is growing again. This time, it has acquired a pair of low-power TV stations in the Sunshine State, and it is our "Mega"-sized deal in RBR+TVBR's TRANSACTIONS TODAY.
On behalf of everyone at Streamline Publishing and the Radio + Television Business Report, we wish you and your family a very happy Thanksgiving. The daily RBR+TVBR Headlines e-mail will resume distribution on Monday, Nov. 27. Breaking news bulletins will appear, if necessary, to provide you with access to the latest news of importance to broadcast media industry leaders.
It's looking more and more like a static-filled Turkey Day and, possibly Christmas, for DISH Network subscribers who wish to watch CBS O&Os, select affiliates of The CW and a trio of MVPD-distributed networks. While CBS says it "obviously want[s] to strike a fair deal with DISH as soon as possible — we remain far apart on terms." We've got an RBR+TVBR Observation on the matter.
CBS Corp. started the day mired in a potentially ugly battle with DISH Network, which this morning pulled the plug on CBS O&Os, several affiliates of The CW and three MVPD-distributed networks due to a bitter retransmission dispute. But, that's not the only new news involving CBS. Its Board of Directors just declared a healthy quarterly dividend, as the final numbers for the CBS Radio share exchange were released. That went well: the share exchange offer was oversubscribed.
The spin cycle is set to high, but no matter how you look at it, DISH subscribers are in the dark if they want to tune to CBS O&Os, several affiliates of The CW, and three specialty networks.
After more than a month of negotiations that left Hispanic Verizon Fios customers in the dark, the MVPD has agreed to a new retransmission fee agreement with Univision Communications. As a result, all Univision-owned stations have been restored to Fios lineups in all impacted markets.
Led by Democratic Senators Maria Cantwell of Washington and Tom Udall of New Mexico, 15 Senators are looking for a last-minute blockade of a vote set for tomorrow's November Open Meeting that is expected to pass by a 3-2 margin. This vote, the GOP-led Commission, argues, "updates the Commission's broadcast ownership and attribution rules to reflect the current media marketplace." Democrats say otherwise, and believe the FCC is assisting Sinclair in its planned merger with Tribune Media. That's why they want a recusal, and the NAB says no way.