Daniel Loeb of Third Point, an activist investor, on Tuesday suggested to The Walt Disney Company that it engage in a variety of stock-sparking initiatives — such as shaking up the Disney board, jettisoning ESPN and taking 100% ownership of Hulu by acquiring Comcast's stake in the OTT platform. Disney responded by essentially snubbing him.
Spanish Broadcasting System, the Miami-based multimedia broadcasting company superserving Latino audiences in the mainland U.S. and Puerto Rico, enjoyed a 4% revenue gain in the second quarter of 2022. However, that growth was tempered by year-over-year declines at its television division.
It's a subject that's been discussed across Hollywood and Manhattan for weeks. And, with high-profile axes to prime-time scripted television programs at the network, it seemed only inevitable that a deal involving its sale would come sooner rather than later. As the week of August 15 began, rumors became reality as Nexstar Media Group entered into a definitive agreement to acquire a 75% ownership in The CW.
Gray Television's television stations serving Cleveland could be relocating their offices and studios to a brand-new broadcast center located 15 minutes to the south of its current downtown locale. If the relocation becomes a reality, The CW Network, CBS and Telemundo affiliates for Northern Ohio would take up residence in Independence, Ohio.
A low-power FM radio station serving tony communities in northern Palm Beach County, Fla., is on the hook for a hefty fine, courtesy of the FCC Enforcement Bureau. Why? It failed to operate the LPFM in accordance with FCC rules, and the Bureau's claims point to egregious violations.
For nearly a week, Meyersdale, Pa., now has a second full-power FM radio station to tune to. A nonprofit organization fired up its new facility after a move from a low-power FM licensed to a different radio frequency. The upgrade comes as embattled license Roger Wahl awaits a final decision from the Commission on a license revocation tied to his status as a convicted felon.
Along with Lotus Broadcasting's Bakersfield-market "Radio Lobo," "La Ley, "El Gallito," and English-language Oldies "Q92.1" is a AM simulcasting KWKW-AM in Los Angeles' "Tu Liga"-branded Spanish-language Sports Talk format. Soon, the home for "Tu Liga" in the city north of L.A. will be handed to a new owner. And, in a separate deal, an AM in Fresno will be spun to the same buyer.
It's called fuze32, and its an in-house marketing and creative agency at Zimmer Communications in Columbia, Mo., launched in 2015. Why? One of the big reasons was to share information and attract leads via the website. The benefit has been big, and Zimmer's Cathy Atkins discusses how Zimmer's "Radio Advertising Resource Guide" came to life in this exclusive RBR+TVBR InFOCUS Podcast, presented by dot.FM. LISTEN HERE
Jim Thompson, who fought a valiant struggle against throat cancer for nearly a year, passed away last night in Summit, N.J., at the age of 75, surrounded by his family.
On Thursday evening, another act of violence rocked Ciudad Juarez, Mexico. This time, four individuals associated with a radio broadcasting company serving listeners on both sides of the U.S.-Mexico border were killed.
On May 25, RBR+TVBR shared the story of Mario Rangel, a key employee at South Texas Radio and the chief of the Uvalde Volunteer Fire Department in Uvalde, Tex. Rangel had just departed the elementary school when a gunman entered and opened fire. His daughter was safe; 19 Robb Elementary students perished. One month later, economic challenges silenced South Texas Radio. Now, its stations have been sold.
It's known around town for "The Best Country in the Country." And, chances are things will stay that way for WGEL-FM and an FM translator sibling serving the community of Greenville, Ill. The Kennedy family is keeping the facility, with a generational pass-down in progress.
While broadcast TV companies in the U.S. are apt to share that viewership of free-to-air stations remains strong thanks to local content and live programming, the situation across the U.K. appears to be much bleaker for the BBC and the private broadcast companies operating TV stations in the British Isles.
The Sinclair Broadcast Group subsidiary that contains the Bally Sports regional sports networks formerly owned by FOX is preparing for the late September launch of a direct-to-consumer streaming service that includes all 19 Bally Sports RSN brands.
The new additions come after NBCUniversal Local launched its first NBC local news channels on The Roku Channel in June. Meanwhile, the digital multicast network targeting younger adults, LX News, is now also accessible on The Roku Channel.
Our editor-in-chief discovered a cute eatery over the weekend that, unbeknownst to him or his wife, had been open nearly a year. It relies on Facebook and Instagram for its marketing and advertising needs. "You have to tell people you exist if you expect to get people to discover you, try you, and get them hooked so they come back time and again," our editor says. He also believes Radio needs to do the same thing.
The global TV market is forecast to show signs of recovery in 2022 and beyond, thanks largely to improvements in the supply of large LCD panels — the primary obstacle manufacturers struggled with in 2021.
The Radio Advertising Bureau (RAB), in conjunction with BMI and Mentoring and Inspiring Women in Radio, is celebrating the successful completion of the 14th annual Rising Through the Ranks program. It began with a virtual session on August 2, and continued with in-person meetings on August 9-11 at the BMI Nashville office.
Securing an attorney was key to the continuation of a license revocation hearing at the FCC, called to determine whether or not WWGH-LPFM in Marion, Ohio, had engaged in a 2019 improper license transfer and improperly listed the name of a deceased individual on its board of directors submitted to the Commission. An attorney was not secured. As such, the hearing proceeding has been dismissed.
Internet and digital news for the broadcasting industry.
PILOT, the innovation arm of the NAB, is conducting a program with support of the Google News Initiative to improve direct-to-consumer audience engagement to better serve local audiences. The six-month program is designed to support broadcaster education as well as the implementation of first-party data and direct-to-consumer business models.
For drivers traversing the San Diego Freeway across the San Fernando Valley, the Anheuser-Busch plant on Roscoe Blvd. has become a familiar sight. Just south along Woodley Ave. is Van Nuys Airport and the Flyaway Bus Terminal. Amid all of this activity is the new West Coast outpost for a live event production tool manufacturer serving broadcasters from St. Petersburg, Fla.
One company is gearing up for IBC 2022 by preparing to show off the latest workflow advancements to its large-scale broadcast production platform, marketed as "System T." The Solid Stage Logic offering is designed for on-premises and remote audio production for news, sports and live production.