On May 17, Entercom marked the 18-month anniversary of what President/CEO David Field calls the "transformational merger" that created "a company with the scale, capabilities and powerful lineup of leading stations" poised for future riches. Where is Entercom headed now?
Eight weeks ago, RBR+TVBR told you about the transfer of a 117-watt low-power TV station serving a South Carolina market. George Kimble of Kozacko Media Services was the exclusive broker. Now, that buyer is selling a sister property — and making millions of dollars in profit.
From musings and observations on the state of the American electorate from James Carville to the local TV industry's efforts to automate the workflow on both the buy and sell sides, the first day of the Media Finance Focus 2019 conference proved to be insightful and entertaining.
In June 2018, Gray Television announced that it intended to merge with Raycom Media. The deal, completed at the start of 2019, included two radio stations. Now, Gray is saying goodbye to one of these properties in a deal brokered by Kalil & Co.
DISH Network Corp. and EchoStar Corp. have reached an agreement that transfers the bulk of the company's Broadcast Satellite Service (BSS) business to DISH in an all-stock transaction. The deal will see DISH take on nine direct broadcast satellites and "certain key employees."
For comScore, it's been a brutal fourweeks. On March 18, shares were just under $22. Today, SCOR is struggling to get back over the $11 mark. On Friday, a small gain was seen for the company's battered stock.
Silicon Valley's under-regulated cash-flush GAFANs one year ago had seemingly conquered Hollywood, with out-of-home advertising dominated by Netflix and Amazon Studios. This week across Midtown Manhattan, it became clear the Upfronts are now under attack.
The Parents Television Council has been vocal of late regarding what it perceives are the "numerous, intrinsic failings" of the TV Content Ratings System. Now, it is applauding the FCC for providing Congress a report that largely affirms what the PTC has been saying for years.
Think media ownership rules were top discussion topics for FCC Chairman Ajit Pai and the GOP three that are driving Commission policy under a "light touch approach"? Nope. Better broadband access, spectrum allocation for 5G and combating robocalls took center stage.
Univision Communications is in the midst of a rebirth under CEO Vince Sadusky. Forget that IPO talk, or discussing possible Univision Radio divestments. At its Upfront, digital and video content took center stage as Sadusky touted the company's unique value proposition.
A Senator and a House Member late last week, via a letter to FCC Chairman Ajit Pai, urged the Commission to reinstate practices to collect data on broadcast workforce diversity. They claim that while the FCC is required by law to collect this data, it's failed to do so.
NBCUniversal, thanks to its diverse array of media offerings, can target multicultural groups in ways few others can. What stood out for NBCUniversal at its official 2019-2020 Upfront event, held Monday morning at Radio City Music Hall? 'This Is Us,' and Olympians.
Media Analyst Michael Nathanson notes there was much uncertainty heading into the AT&T-owned DirecTV renewal negotiations for Viacom. Now, it is very clear what transpired between the two companies. As such, 2019 is now “a tale of two halves” for Viacom.
Here's the good news: The E.W. Scripps Co. significantly lowered its net loss in Q1, as revenue grew. And now, the not-so-good news: pro-forma Local Media revenue is pacing down low-single digits in Q2, with segment expenses poised to rise. Investors revolted.
"It has been a busy 7 weeks since we last spoke, and we're pleased to be reporting a very strong quarter today," Cumulus Media CEO Mary Berner said Thursday to open the company's first Q1 earnings call since emerging from debtor-in-possession status. Net income was achieved.