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On July 16, local TV stations owned by Meredith Corp. in 12 DMAs including Phoenix, Nashville and Atlanta were blocked by DISH due to a retransmission consent impasse. Nearly two months later, a new agreeent has finally been signed by the media company and the DBS provider.
While TEGNA struggled with a lack of political ad dollars in its fiscal Q3 results, Meredith Corp.'s Local Media division experienced a much-different three month period ending Sept. 30. The stations finished Meredith's fiscal Q1 2020 with "record revenues for a non-political quarter."
Within the next few business days, Meredith Corp. is expected to release its fiscal Q4 2019 earnings report. With a date still unknown as of noon Thursday, the owner of local TV stations in 12 DMAs -- presently blocked from DISH subscribers -- declared a regular quarterly dividend.
One top Wall Street financial analyst says DISH's just-released Q2 results are "OK," with nicely better than expected subscriber losses. Investors may disagree, as DISH shares were off sharply in midday trading on Tuesday. By the Closing Bell, a 8.7% decline was seen.
An additional 24 hours of negotiations couldn't prevent what DISH Network was forced to do, by law, at 7pm Eastern on Tuesday. With the flick of a switch, local TV stations owned by Meredith Corp. in 12 DMAs including Phoenix, Nashville and Atlanta were blocked by DISH.
With hours remaining, DISH Network is poised to do what it must do by law — yank local broadcast TV stations, owned by one big media company, across all 12 of the DMAs it operates in. A 24-hour extension came just after 5pm Monday.
That's a question Meredith Corporation would certainly like an answer to. WNEM-5 is the company's CBS affiliate in the Flint-Saginaw-Bay City, Mich., DMA, ranked No. 72. Come Saturday at 12:01am, the station could be yanked from AT&T U-Verse and DirecTV lineups thanks to yet another retransmission fee dispute between an MVPD and a broadcast company.
These six companies representing a wide cross-section of the communications universe
Items: Quarterly conference calls have been set up, dividends announced
In response to TVfreedom.org’s letter to U.S. Senator Claire McCaskill on the 2014 service failures experienced
The half-hour entertainment news program featuring the leading drive-time radio personalities from across the nation has been renewed on the Fox Television Stations. “Dish...
NAB has been pointing out that the vast majority of retransmission disputes involving blackouts involve just three MVPDs, one of them being Time Warner...
LIN Television says it has been unable to come to terms on retransmission consent with MetroCast, so three of its stations will be pulled...
Should television viewers some 100 miles to the northeast of Atlanta that subscribe to DISH Network and AT&T’s DirecTV be able to receive that market’s TV stations? That question was posed to the FCC some 20 months ago, and it said yes. An application for review involving the three Georgia counties involved was filed. The FCC has just rejected that request.
Effective Dec. 18, certain Comcast Xfinity customers will be paying more to receive broadcast television stations serving their market. Rising retransmission consent deals are likely fueling the substantial jump in costs trickling down to subscribers. But, the percentage of impacted Xfinity consumers may be small.