You've heard the reports about the demand in the 2021 Upfront season being quite strong. But, there's an ugly truth that MoffettNathanson Senior Analyst Michael Nathanson can't get past. Starting in 2015, TV ad spend, most likely due to declining cable network impressions, has "decoupled" from U.S. economic growth. The erosion forecast isn't pretty.
Today's sale of several unbuilt LPTV stations by DTV America, controlled by HC2 Holdings, is just one of many seen over the past several weeks. More could be on the way, as the Media Bureau has just issued a reminder to "certain permittees" of new digital LPTV translator stations that their construction deadline is fast approaching.
In a decision that could eventually extend the life of "Franken FM" facilities across the U.S., the FCC has granted Special Temporary Authority for the use of a FM radio signal alongside its ATSC 3.0 TV signal for VHF Channel 6 — thus allowing the low-power facilities to continue operation as an audio-first media entity, for now.
Nearly one year ago, Philip Falcone exited HC2 Holdings Inc. under some not-so-favorable circumstances. Today, HC2 is very much in his past. Falcone is now at the helm of Sovryn Holdings, and its just snagged its latest big-market LPTV property.
Political advertising accounted for $4.4 billion in 2020 to deliver what BIA calls "a softer landing to an otherwise negatively impacted industry." What was the year-over-year dip for core advertising? It was bad. But, it could've been worse.
On August 17, 2017, WAY Media's board chairman announced that, after "an extensive national search," it has found its new Chief Executive Officer. This individual was selected to succeed Bob Augsburg, who founded the Christian broadcast ministry. Now, WAY Media is again faced with a need to find its next top leader.
The lone radio station held by Gray Television has been sold. The buyer? It's a religious noncommercial outfit, marking yet another deal that sees a broadcast ministry snag a FM on the commercial band.
McDonald's was the most recent company to say it's committing to a Black-owned media budget increase. Now, "an inaugural group of 20 clients" has pledged to spend at least 2% of their total annual media budgets in such entities as Urban One -- without naming the companies poised to benefit from the verbal promise.
Thomas O. Hicks was "an early pioneer" of the "buy and build" strategy of investing, his Hicks Equity Partners LLC says. For radio industry veterans, his name will forever be linked to iHeartMedia predecessor Clear Channel Communications. Now, it is set to be connected with a country music and lifestyle cable TV network.
Soohyung Kim has become known for his Standard General's equity interest in TEGNA and for his partnership in New York with Jeff Smulyan that involves Hot 97 and WBLS. Now, it's become known that Kim has attributable interest in the radio broadcasting company led by Mary Berner.
Here is an audio recap of all of the stories appearing at RBR.com, freshly prepared for the afternoon of June 8 and morning of June 9, 2021. Due to ongoing internet connectivity issues, the third-party distributor of the RBR+TVBR Daily Headlines Email could not be distribute the e-newsletter as normal. LISTEN HERE
On June 3, Clear Channel Airports announced that it has partnered with Rockbot to fill a void left by the demise of the CNN Airport TV Network service. Now, NBCUniversal is doing the same.
The company that's now majority controlled by Searchlight III UTD and ForgeLight and led by CEO Wade Davis is seeking the Commission's OK for two specific non-U.S. based entities to grab a share of Univision ownership.
Six days following the release of its first quarter 2021 fiscal results, SBS hosted an earnings call for analysts and investors featuring COO Albert Rodriguez and CFO José Molina. On the call, an analyst asked for additional color on "bullish" commentary provided May 28 with the release of its quarterly results. Rodriguez obliged.
It's a nationally recognized television advertising sales organization representing more than 800 TV stations across a majority of the 210 DMAs. And, it says it is giving its unwavering support to the industry-wide adoption of impression-based selling and buying for local broadcast television — just as ABC did earlier this week.