A publicly traded MVPD that is buying Fidelity Communications for $525.9 million through a combination of cash, revolving credit facility capacity and the proceeds of new indebtedness just moved forward on financing the deal by opening a big credit line with J.P. Morgan.
In what veteran Windy City media reporter Robert Feder calls a "surprising" move, Weigel Broadcasting's unaffiliated WCIU-26 in Chicago has reached an agreement to become the market's new affiliate of The CW Network.
A bitter dispute with junior noteholders regarding who the "rightful economic owners" of LBI Media are has come to an end in a Delaware federal bankruptcy court. The company focused on Hispanic consumers saw its Third Amended Plan of Reorganization get the court's approval.
Four Texas radio stations in two border markets along the Rio Grande are set to be sold. The proposed buyer? A Houston-based entity that serves as the U.S. subsidiary of a Monterrey-based multimedia giant. As such, the FCC will need to give its foreign ownership OK.
Entercom has a new reason to be optimistic about a resurgence in its languishing stock price. B. Riley FBR analyst Zack Silver initiated coverage of the company with a "Buy" rating. Silver offers an investment thesis every broadcast media C-Suite executive should read.
Among the items the FCC is considering is a plan largely crafted by the NAB and endorsed by Commissioner Mike O'Rielly that would greatly ease ownership restrictions for AM and FM station ownership. iHeartRadio is against such changes, and it now has an unlikely ally.
In June 2018, rumors were rampant that Univision Communications' would be selling some or all of its radio stations. The chat proved to be unfounded, and now Univision is doubling down on its ownership of AMs and FMs serving Hispanics across the U.S. How so?
In September 2018, Johnson Broadcast Ventures made headlines thanks to a cratered sale of an AM radio station due to a promissory note default on the part of the intended buyer. Now, Johnson has a deal to sell his other broadcast properties, located in North Carolina.
Is a late March swoon for Entercom shares the last time bargain-seekers will find the radio broadcasting company's stock near $5.25? That very well might be the case, thanks to the initiation of coverage by a California-based capital market company. Or not.
To the southeast of Lake Tahoe sits a Class C3 FM that was once committed to "putting the fun back in radio." That task will now be handed off to a new owner, as this facility has just been sold.
There's been a surge of major streaming services into the consumer video market. With this has come a "multi-billion dollar" expansion of original content creation ... and an increase in M&A activity among broadcast companies. These are the integral themes of Ooyala's State of the Broadcast Industry report for 2019.
Google's YouTube app is coming to Amazon Fire TV devices and Fire TV Edition smart TVs, in addition to the Prime Video app for streaming to Chromecast and Chromecast built-in devices. That's the word from two tech giants sucking local ad dollars from broadcast radio.
Using insights gained from proprietary research conducted with television and radio executives from across North America as well as industry sources, a just-released annual report from Revenue Analytics sheds light on five trends.
There's a big leader at the top of the Media Monitors Spot Ten Cable report for the second-consecutive week. As such, one category is responsible for nearly 100,000 plays across the cable TV networks tracked by iHeartMedia-owned Media Monitors. The No. 3 brand? It's a QSR back in a big way last week.
When it comes to the brand that is most dominant at spot radio, it appears to be a two-way race. One is an auto insurance company. The other is a highly visible home improvement retailer, which this week has a huge spot play lead over all others.
What is truly needed for a broadcast television station to remain in compliance with FCC regulations regarding its Public File? Media Information Bureau columnist Ken Benner has quite a tale to tell of one of one station’s compliance efforts to keep its “Issues/Program Lists” up to snuff.
Internet and digital news for the broadcasting industry.
Nautel has increased its commitment to enabling all-digital AM operation by providing support for currently experimental all-digital modes as a standard feature in all NX Series transmitters.
A new AoIP appliance for Wheatstone’s WheatNet-IP audio network is the winner of a NAB 2019 Product of the Year award. It nabbed the honor in the Audio Production, Processing and Networking category.
A London-based tech company attracted much attention April 9 at the NAB Show in Las Vegas for an accomplishment many in the broadcast technology arena are still chatting about.