When it comes to making a deal happen, most buyers will use a cash flow multiple as an important element in valuing a station — and will rely on the seller's accounting records to make the calculation. But, what if your financial records are, quite frankly, a haphazard mess?
Some buyers regard the retention of key employees following the closing of a radio or TV station acquisition as an essential element of the deal. Yet, sellers often do not take into consideration the adverse impact of the exit of a key employee — or several. Should a firm succession plan be drafted before the Asset Purchase Agreement is signed? That is the focus of this exclusive "Deal Killers" podcast featuring the COO and CEO of Community Broadcasters, media broker Doug Ferber and respected D.C. communications attorney Erwin Krasnow.
The D.C. Circuit has just issued a long-awaited decision involving the Telephone Consumer Protection Act (TCPA). According to Scott Delacourt and Eva Reed of Wiley Rein LLP, this has "widespread implications for broadcasters and other media companies that rely on modern calling equipment (including text messaging) to reach their audiences." How could this decision, which resolves an appeal of the FCC’s 2015 Omnibus TCPA Order with a unanimous panel but a split decision on the merits, impact your radio or TV station?
Without addressing the massive, costly, and unnecessarily complex FCC broadcasting regulations, hundreds of additional radio, television stations and translators will soon be silent. That's the opening salvo from the latest column from featured Media Information Bureau columnist Ken Benner. In his view, most of the Commission's "complexification" has resulted in regulation that "in no way serve 'the public interest, convenience and necessity' — the creed of the FCC."
Marketers are searching for ways to solve these challenges, and are increasingly finding the answer in people-based marketing. As radio and TV stations seek to capture consumers via smartphones and social media more than ever before, a newly released report from Viant could provide valuable insights as to best practices in digital consumer delivery.
Today’s consumers have instant access to an unprecedented range of screen-based entertainment options – from live and on-demand TV, to videos on YouTube, to gaming, to social media. One thing that has not expanded, however, is consumers’ disposable time. How can your media property cut through the clutter? A new study from Hub Entertainment Research may have the answer for making your content a consumer priority.
There's an AM/FM combo in West Central Iowa that has been singled out for its success, in many ways, by Media Information Bureau columnist Ken Benner. These stations have not only achieved perfect scores in alternative broadcast inspection program (ABIP) inspections, but are also fiscally fit and community leaders. Benner recently asked the stations' owner, Mike Dudding, what his secret of his success has been. Here's what Dudding had to say.
"Hey, can I see you for a minute?" It's the one question many broadcast media professionals don't want to hear and tremble with fear when summoned to the boss' office -- in particular, right before the holiday party they won't be attending. Pink slips, rather than holiday bonuses, are a business reality. RBR+TVBR Editor-in-Chief Adam R Jacobson has experienced it, too. But, he says, this is also the perfect time to hunt for work. Here's how his ingenuity led him to a career covering radio, and a career not covering radio, for a decade.
The 11th Edition of the NAB Engineering Handbook is now available to radio stations across the U.S., and we received a copy. Who better than to peruse it and offer some first thoughts on the latest edition of this essential tome than Media Information Bureau featured columnist Ken Benner. We handed the keys to the RBR+TVBR Reading Room and Library to Benner, and he's filed his first report on what's inside the big, heavy book.
For all of the chatter about how AM and FM radio station access via a smart home device could be a godsend for a stagnant industry, one tech expert has thought little about connecting radio's audio streams to "internet of things" technology powered by voice commands. This may present an opportunity for a unified radio push.
In the smart home, voice will serve as a prime differentiator in the user experience. A new Parks Associates white paper presents market strategies for long term success in the voice technology market. Among the key topics: New opportunities for voice in connected products. This is information all radio industry C-Suiters need now.
Tony Rogers is a white guy, raised in Texas in the 1970s and 1980s. He's a son, brother, husband, and uncle. He's also a master of attracting multicultural consumers, as SVP/CMO for Walmart. Rogers could also be you, and all it takes is moving on a path that combines both a rational and emotional perspective on consumer attraction — it's a route that uses the name of a popular band at many a radio station today: The Head and the Heart.
Doug Ferber of DEFcom Advisors LLC and Erwin Krasnow of Garvey Schubert Barer have created a special podcast series exclusively for RBR+TVBR members based on a series of articles centered on the topic “Broadcast Deal Myths Debunked.” In this eighth podcast installment, Ferber and Krasnow discuss the belief among some that they can bank on 100% leveraged purchases.
If you thought the war of words between multichannel video programming distributors (MVPDS) and TV broadcasters over retransmission fee agreements gone bad was fierce, wait until you see what the cable companies and their chief lobbying groups have cooked up now, says Radio + Television Business Report Editor-in-Chief Adam R Jacobson, who pens this Media Information Bureau column dedicated to the next-generation TV standard. While it's being heralded as a huge technological advancement and money maker for broadcast TV companies, it's becoming clear to Jacobson that cable TV's vast empire of providers simply don't want to pay for progress
Media Information Bureau featured columnist Ken Benner is back with an essay that recalls his inspection of a tiny noncommercial radio station that aired a resounding rendition of The Star Spangled Banner every day at Noon. The reason why raised some questions regarding station funding, and thus the station's Public File. Here's the story, which might apply to your own station or one in your market.