TV streaming tech company Roku Inc. is going public. The Silicon Valley company announced Sept. 1 that it has publicly filed a registration statement with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of shares of its Class A common stock.
In January, Sinclair Broadcast Group named a new Director of Sales for its three TV stations in Columbus, Ohio. Just nine months later, Sinclair has given birth to a new position for this company vet: oversight for the company's Dayton operation some 90 minutes to the west.
Three Democratic members of the House Energy and Commerce Committee have once again asked FCC Chairman Ajit Pai for answers to a series of questions "he failed to address" in his response to an Aug. 14 letter sent to Pai from the legislators regarding Sinclair Broadcast Group. Among those displeased with Pai is New Jersey Rep. Frank Pallone.
Nearly 60 Members of Congress have formally asked FCC Chairman Ajit Pai to stick to the current timeline for repacking TV stations, following the recently concluded broadcast spectrum incentive auction. The letter, which shows bipartisan support, urges Pai "to ensure" the 600 MHz spectrum that was made available by the FCC's broadcast incentive auction is cleared no later than July 3, 2020.
It's been a difficult 10 full months since WBTS-LD signed on the air as "NBC Boston." News ratings have lagged. But, NBCUniversal is hardly giving up—it's just engaged in a complex deal that transfers a channel-sharing agreement tied to a Class A TV station that fetched millions in the FCC spectrum auction to WBTS, presumably to bump up its signal in the greater Boston area.
OTA Broadcasting was a big winner in Auction 1000, the FCC's incentive auction that relinquished broadcast TV spectrum to wireless companies. It pocketed hundreds of millions of dollars, including $72,817,599 for saying farewell to a Class A TV station serving the New York Tri-State Area. Now, the channel-sharing agreement for the disappearing over-the-air station is bringing this "zombie" to one of the nation's best-known PBS member stations.
The "coercion" of American Cable Association members of carrying ATSC 3.0 signals, along with ATSC 1.0 signals, as part of a new beefier-to-broadcasters retrans consent deal will not be tolerated by the Pittsburgh-based advocacy association. In fact, it has sent a letter to the FCC telling it is keeping a close eye on the "thousands of agreements" members will be negotiating over the next five weeks.
Happy Hanukkah and Merry Christmas, TV broadcasters: bullies that use their market power to force small and medium-sized cable operators into lopsided deals that hurt consumers. That's how American Cable Association members view the owners of broadcast TV stations, according to a new survey on "retransmission consent negotiations with corporate broadcasters" conducted by the Pittsburgh-based lobbying group. Of course, there are two sides to every story, and we've got an RBR+TVBR Observation on this hot topic.
The company that describes itself as "a publicly traded diversified holding company which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns in order to maximize value for all stakeholders" has just added two more stations to its rapidly expanding stable.
According to The Wall Street Journal, Shari Redstone — vice-chairwoman of both CBS Corp. and Viacom — is seeking to shake up the CBS board and once again consider a reunification of the two entities controlled by Redstone through National Amusements. This, predictably, resulted in a big gain on Wall Street for Viacom's Class B shares and for CBS stock in Thursday's trading.
In April 2017, Gray Television's legal counsel decided to take action against two men seeking to take advantage of their humorous yet fraudulent appearance on the company's NBC affiliate in Eau Claire, Wisc., by using the footage of their live on-air antics as "Chop & Steele" for a promotional video. On Wednesday, a settlement was reached between Gray and the defendants.
There will be no "great affiliation switch" in four locales where Sinclair Broadcast Group operates television stations. The company seeking to merge with Tribune Media has just agreed to a multi-year deal that keeps NBC affiliations in place at three O&Os, along with a Silver State property owned by partner Cunningham Broadcasting Group.
Urban One, the African American-focused media company that owns radio stations and a national radio arm, is also very much in the television business, thanks to its TV One cable channel. If it weren't for that, Urban One would be absent what became in Q4 its biggest revenue generator, as TV One again eclipsed Radio One. While both segments were down, TV One's decline was far smaller.
Nexstar Media Group shares fell sharply for the third consecutive day, and continued to lose ground in immediate after-hours trading on Wall Street. With today's Closing Bell, the broadcast TV company's shares are now at their lowest level since the first days of November 2017.
In November 2013, the future of two TV stations in North Dakota suddenly became fuzzy. Full-power facilities in Bismarck and Minot, respectively, were to be sold to Excalibur Media, with the company entering into a LMA agreement with Gray Television. That deal was aborted, after Prime Cities in March 2014 asked the FCC to nix the deal. This resulted in Gray acquiring the intellectual property of the two stations, while it needed to sell the facilities to a woman-owned or multicultural business. As a result, Legacy Broadcasting became the owner of the North Dakota duo. Legacy is now selling the stations to a partner it has had a relationship with since 2015.