Stock Market

Markets End The Week Up

U.S. financial markets moved ahead on Friday, as the Dow Jones Industrial Average rose 50.05 to 29,347.69. The Nasdaq composite index gained 31.81, ending the day’s trading session at 9,388.94.

A Case Against California’s New Digital Privacy Law

The Conservative D.C.-based think tank that has the ear of the FCC under the leadership of Ajit Pai offers an opinion piece from a visiting fellow who argues that the newly enacted California Consumer Privacy Act is a state law worthy of Congressional action. What could this mean for your stations' digital data gathering, and other online issues?

Westwood One, CW Network In Shelly Palmer’s CES Spotlight

Some of the key leaders in technology, media, marketing, and entertainment are scheduled to participate Wednesday at the annual ShellyPalmer Innovation Series Summit, a CES event staged by the longtime advertising, marketing and tech consultant and business adviser. They include the President of Westwood One and two key representatives of The CW Network.

Hearst, DirecTV Deadlocked On New Retrans Deal

If you're a DirecTV customer, you could lose access to any Hearst Television-owned broadcast TV stations as of 3pm Friday. Times a tickin', and as of midday Thursday no deal had been reached for all Hearst stations with the AT&T-owned provider. However, a second extension avoiding a Thursday afternoon "blackout" arrived.

Cough, Cough … Look Who’s Tops With Spot TV Ads?

When it comes to the products getting the most exposure via spot television for the week ending Dec. 29, nothing beats Guaifenesin. Well, at least the cold medication and cough suppressant that goes by a particular brand. According to Media Monitors, it's the big No. 1 advertiser in its latest TV report.

What Did The Top 10 TV Advertisers of 2019 Spend?

So, who are the top 10 advertisers of 2019 by ad spend? How much did these companies spend on TV advertising? Ad sales business intelligence firm MediaRadar crunched the numbers, and has revealed the details just in time for New Year's Eve. One interesting takeaway: There were more than 2,000 newcomers to television advertising in 2019, including PostMates.

A Local Media Spin For TEGNA Radio Combo

As many suspected would happen, the company formerly known as Gannett has decided to spin off the radio stations that came in a multi-million dollar media deal that gives it the CBS affiliate in San Diego. The price TEGNA is selling the radio stations for is jaw-dropping -- because of how low the dollar amount is.

‘Going Down In a Blaze of Glory’: Cumulus Signs Off WRQX, WPLJ

For three generations of radio listeners, WRQX in Washington, D.C., and WPLJ in New York served listeners with rock, then Top 40 and, until 7pm today, Hot Adult Contemporary music. As many bid farewell to the stations, the industry could forever be changed by the stations' sales.

Veteran Radio Personality John Walton Dies

At 9am Central on July 2, 2019, a most unexpected and somber Tweet appeared. With "great shock and sadness," fans and listeners of a popular syndicated radio show were delivered the news of the "untimely and sudden" passing of one of the show's hosts, John Walton.

A Popular N.Y. Weather Man Shifts To Radio

An immensely popular TV meteorologist is no longer delivering live reports from West 67th Street and Columbus Avenue starting at 4:30am each weekday. Instead, he is settling into the Program Director chair at a radio station facing Upper Sag Harbor Cove in a placid corner of Long Island, N.Y.

A Second, But Smaller, E-Breach For Entercom

On September 9, Entercom Communications suffered what EVP/CFO Rich Schmaeling described during the media company's Q3 earnings call as a "cyberattack" that cost the company $400,000 in lost revenue. It now appears Entercom's IT services have been hit again, albeit on a much smaller scale.

HD Radio Parent To Merge With Tivo

Under the terms of the merger agreement, the shares of TiVo and Xperi stockholders will be converted into the shares of the new parent company based on a fixed exchange ratio of 0.455 Xperi share per existing TiVo share. Upon completion of the merger, Xperi stockholders will own approximately 46.5% and TiVo stockholders will own approximately 53.5% of the new parent company on a fully diluted basis.

RMLC To DOJ: Stay Out Of GMR Fight

In early December, the antitrust division of the DOJ weighed in with a Statement of Interest relative to the RMLC’s longstanding litigation with Global Music Rights (GMR). It wasn't exactly favorable to the Radio Music License Committee, led by Executive Director Bill Velez. On Wednesday, the radio industry group filed a response to the Justice Department statement.

‘Increased Flexibility and Lower Jitter’ Unveiled At NAMM

A German manufacturer of digital audio solutions will officially launch its ADI-2 DAC FS product during the upcoming 2020 NAMM Show, to be held January 16–19, 2020.
SBG / Sinclair Broadcast Group

A Partial Diamond Redemption From Sinclair

On Friday, an indirect subsidiary of Sinclair Broadcast Group elected to redeem 300,000 of its preferred units, using cash dividends from another indirect subsidiary -- both of which are tied to regional sports networks.

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