What's the future for Sinclair Broadcast Group now that it will not be merging with Tribune Media? That question was most likely on everyone's minds at the second and concluding day of sessions at NAB Show New York. In a candid midday conversation Thursday, company President/CEO Chris Ripley shared Sinclair's strategy for long-term success in a media landscape that is drastically expanding.
With their sights on the future and, without a doubt, the Next Generation broadcast TV standard, some of the industry's leading CEOs on Wednesday morning confirmed their commitment to the technological advancements that — combined with live and local — will propel the medium into the future. The comments were delivered to a packed room of NAB Show New York attendees.
On July 16, Tribune Media shares nosedived after it became known that it would not be proceeding with its planned merger with Sinclair Broadcast Group. One month later, investors reassessed the situation -- and became believers in Tribune once again as it seeks a new suitor. On Wednesday, Tribune officially closed at its highest point since that unfortunate summer's day.
Just because they didn't want to own radio stations anymore doesn't mean they don't see the continued value of audio content delivery to listeners across the globe. The E.W. Scripps Company is purchasing Triton, a top tech provider serving the audio media industry. While $83.5 million was earned from the sale of its radio division, Scripps must still dive into its piggy bank for $66.5 million in additional funds to fund the purchase.
Some 13 years ago, URBAN Radio Licenses purchased an FM in Muscle Shoals, Ala., from iHeartMedia. Fast-forward to just a few weeks ago, when iHeartMedia followed through with the sale of a new FM translator station serving nearby Florence, successfully bid on during Auction 83, to URBAN Radio—a deal intertwined with the 2005 transaction. Now, URBAN Radio is exiting the market.
"Radio reaches 93% of adult Americans each week." Yet, radio is losing the battle for local ad dollars to digital media. In Philadelphia, corporate home to Entercom, radio stations want to turn the tide on the west bank of the Delaware River. A Wednesday "open house" of sorts was designed to fuel the reverse flow of dollars back to in-market AMs and FMs.
Don’t let the door close on your chance to be part of the conversations at Radio's Financial Summit: Forecast 2019 and the “Top 40” reception that will set the tone for business over the coming year. RBR+TVBR is the official Media Partner for this event, which brings together associates old and new for a full day — and evening — of exclusive networking.
From 2013 to 2018, Asian, Latino, and black audiences have been ahead of the streaming curve. The average TV viewer spends 43% of time with live TV, 35% with streamed content. With the RIAA mid-year 2018 Latin Music Revenue Report showing a surge in paid streaming formats, could the window of opportunity for new Hispanic radio entrants be closing? In this Hispanic Radio Podcast, Horowitz Associates' Adriana Waterston tackles the topic.
On October 5, the NHL's New Jersey Devils became the latest team to go all-streaming with its audio play-by-play of its games. Now, the team has expanded its partnership with Skyview Networks to include production services. This will be done in conjunction with the Devils’ use of Skyview’s AdView Inventory Management software and Live Read Capture.
An Idaho-based non-secular broadcasting company led by President Dennis Clounch has decided to sell another one of its FM translators, continuing a trend started two years ago. The latest divestment involves a city in Montana, and the No. 2 licensee of AM and FM broadcast stations in the U.S.
A former EVP/Programming at FOX has risen to the top at Showtime Networks while securing the title of Chief Creative Officer at CBS Corporation. Here are all the details on David Nevins, who served as President of Imagine Television for eight years, overseeing development and production as an executive producer on all Imagine Television shows.
The CFO of Showtime Networks has moved into the EVP/CFO position at CBS Corporation, effective immediately. She has worked in different capacities at Showtime Networks over 22 years, including programming finance leadership and as a key steward of the successful implementation of various financial, operational and reporting systems.
LBI Media, the Burbank, Calif.-based broadcasting company targeting Spanish-speaking audiences, has inked a deal that puts its specialty cable TV channel on Charter Communications' Spectrum systems in two key markets.
Hiring great salespeople takes time, strategy and resources. Featured Media Information Bureau columnist Barrett Riddleberger has something to add to your process of finding and attracting new talent. Learn more with his "three quick ways to make your hiring more effective" in this special Media Information Bureau offering for RBR+TVBR Members.
Consumers don’t approach every buying decision they make in the same way. Buying pasta, for example, is a much different transaction than buying a house. When we’re talking about buying a car, arguably the second-largest purchase most consumers make, there are two surprising insights auto marketers should consider. Learn how these insights could positively impact your relationship with some of your top clients.
Still don't believe that Cox Media Group is in no way parting with its radio stations as it continues to seek a strategic partner for its broadcast TV stations? Check out what the company launched on Tuesday. CMG describes it as "a robust insights platform for radio advertisers."
Three months ago, two sizable proposed fines were handed to the licensee of an Alaskan FM -- all thanks to a license renewal needed to consummate a sale of the station. On Wednesday, the Media Bureau's Audio Division Chief made a decision on the two fines. One stays in place, while the other has been cancelled.
Internet and digital news for the broadcasting industry.
Want to participate in the FCC's Honors Engineer Program, launched earlier this year? Here are all of the details on how to apply for a spot in the program, which is open to recent engineering school graduates and current students who will graduate this academic year.
More than 60 companies will appear for the first time at the 2018 NAB Show New York, held Wednesday and Thursday (10/17 and 10/18) at the Javits Convention Center. These companies will offer a first look at new products and technologies through hands-on exhibits and demonstrations.
ABC News Chief Global Affairs Correspondent Martha Raddatz has a date with NAB President/CEO and former U.S. Senator Gordon Smith. Raddatz and Smith will headline a keynote session on Thursday at NAB Show New York, with the discussion focused on Raddatz’s experience as a war correspondent and White House reporter.