Another Day, Another HC2 Buy
On Tuesday, Philip Falcone's HC2 Station Group made headlines by grabbing a Class A TV station serving a growing part of South Florida. Now, HC2 is adding a Class A in one of the nation's hippest cities in a deal that could further build a group of owned-and-operated stations for Azteca América.
Summit Surprise: A Scripps Deal
Of all of the potential buyers for the 19 remaining radio stations that The E.W. Scripps Company sought a buyer for, this one may have caught market observers off-guard. Scripps has reached an agreement to sell its last group of radio properties, located in four markets, to the Carl Parmer-led SummitMedia.
Who’s V One TV Station Buyer In South Florida?
A digital Class A facility licensed to a city within the West Palm Beach DMA is being dealt for a little more than half a million dollars. The buyer? That would be a rapidly growing entity that is piecing together stations that will likely air this company's recently acquired broadcast television network.
Nielsen Shares Soar On Activist Investor’s Call For Sale
Nielsen shares were up another 5.9% on Tuesday, bringing NLSN to levels not seen since a July 25 tumble. What's fueling a much-needed rebound in Nielsen's stock price, following a Q2 2018 earnings miss, a cut of its profit forecasts, and the announcement that CEO Mitch Barns would retire at the end of the year?
Inside SummitMedia: Now A 50-Station Player
For $47 million, SummitMedia made it known to the U.S. broadcasting industry that it aims to play ball. It purchased 19 stations in four markets from The E.W. Scripps Co. -- a move that will allow Summit to grow yet will not significantly transform the operation. Perhaps that's exactly what Chairman/CEO Carl Parmer and SVP/Programming Bill Tanner have in mind.
Hispanic Radio Podcast: The Next Growth Pod
Is it true that the majority of the growth in the U.S. Hispanic market is coming from markets that are below the top 10 Hispanic DMAs? "Generally speaking, yes," reveals Fernando E. Férnandez, Partner and Chief Client Officer at New York-based multicultural advertising agency d'expósito & Partners. But, are media buyers and marketers responding? In this Hispanic Radio Podcast, we look at the locales where your company could thrive.
Format Diversity With Consolidation: Fact Or Fiction?
One of the most striking takeaways from a letter signed by 10 leaders of radio broadcasting companies that fully backs a NAB proposal to loosen the FCC's ownership restrictions is a claim that, with fewer owners in a market, greater programming options exist. Is this a bogus claim, or is this a factual statement that simply can't be argued, because it's wholly true? It depends on what market you're in, and how one defines "format diversity."
A ‘Uforic’ Move For More Programmatic Power
Univision Communications' radio and music streaming app is now capable of giving advertisers a bigger punch for their media investment. It's thanks to a new partnership with digital audio advertising tech firm AdsWizz.
Saga Declares A Quarterly Cash Dividend
News of the healthy reward for stockholders comes just days after the company's stock reached its year-to-date low. However, Saga Communications' stock rarely suffers from big dips or gains, as we illustrate.
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Cross Country Deal Done For Media One
To the east of Erie and to the south of Buffalo is one of America's great diary lands. If you consume Kraft Foods or Welch's products, much of what they produce is from the area surrounding Jamestown, N.Y. Now, an Ohio player is going not "cross country," but a few hours' east to make a transaction that involves a Lakeland, Fla., operator. It also involves the second-largest licensee of radio stations in the U.S.
Wieser Thoughts On Nielsen Stock
News that Elliott Investment Management has acquired an 8% stake in Nielsen with plans to push the company to sell itself in its entirety has resulted in a healthy rebound of the company's stock. On Wednesday, shares closed up another 10 cents to $26.15. This is close to the year-end price target on Nielsen from Brian Wieser, the prolific Senior Research Analyst of Advertising at Pivotal Research Group. As such, he's just downgraded Nielsen shares.
Meredith Goes To Town On Content, Video Management
With the deal forged Wednesday, TownNews.com's suite of digital tools and services will allow Meredith's 17 TV stations to deliver video, live streams, editorial content, and advertising to their web and mobile sites, OTT channels, and social media platforms.
Another Day, Another HC2 Buy
On Tuesday, Philip Falcone's HC2 Station Group made headlines by grabbing a Class A TV station serving a growing part of South Florida. Now, HC2 is adding a Class A in one of the nation's hippest cities in a deal that could further build a group of owned-and-operated stations for Azteca América.
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