Non-Consummation For A Sovryn St. Louis Deal
Sovryn Holdings, the entity led by Philip Falcone, will not be moving forward with the purchase of a low-power TV station serving St. Louis. He'd agreed to a $1.05 million deal in December. RBR+TVBR has confirmed that a new buyer is all lined up, with paperwork just filed for approval with the FCC. Who's getting the property now?
Meruelo’s ‘Heroic’ L.A. TV Deal Aborted
On May 1, in a novel transaction only made possible by the now-concluded FCC Spectrum Auction, a fast-growing Southern California media player — The Meruelo Group — agreed to pay just $10 million for a channel-sharing agreement created as a result of the Spectrum Auction. The seller, Hero Licenseco, pocketed nearly $147 million for giving up the spectrum for KBEH-63 in the L.A. DMA and agreed to spin the agreement. Now, it's abandoning the deal.
Nexstar Names Local Leaders in SLC, Buffalo and ‘Titletown’
What do Salt Lake City, Buffalo, Green Bay and the Michigan city of Marquette all have in common? Each of these municipalities are welcoming new VP/GMs at the Nexstar Media Group properties serving the three DMAs.
Univision Goes Digital With Chicago, San Antonio News
Can a bilingual newscast, even digitally delivered, woo Latinos in the Alamo City? Univision sure thinks so, as it launches two local streaming-only weekday news programs at 11:30am in both San Antonio and in Chicago.
The Alamo City Gets NEXTGEN TV … Sort Of
It's the home of the Spurs, great Tex-Mex food, beautiful museums and gardens, Riverwalk and The Alamo. Now, San Antonio is also home to NEXTGEN TV, with ATSC 3.0-powered broadcast TV signals now being offered for four broadcast TV stations in the Texas market. But, several high-profile stations aren't participating in the rollout.
Is TEGNA Immune From Stock’s June Swoon?
On May 31, TEGNA shares were trading at or near $23.75. One day later, they tumbled to $15.30 ... and haven't recovered since. Should investors be concerned? No, they shouldn't. Zacks Equity Research explains why they believe there's no trouble on the way for the company formerly known as Gannett.
Nielsen Declares Dividend, Even With Share Slump
Today, the company's shares, which trade on the NYSE, are in the low-$23 range. That isn't stopping Nielsen's Board of Directors from rewarding its shareholders.
Insurance Providers Gain Cable Dominance
Could summertime bring a slew of possibilities that, quite possibly, put one in a risky situation soothed over by a reliable and dependable auto insurer? Based on the latest activity in the Media Monitors Cable Spot Ten report, that may be a good assumption.
Survey Says: No Trust Differences Among TV News Brands
Issues of trust are central to all social, consumer, and political activity. But there’s a particular urgency when it comes to TV news. Virtually every recent poll has indicated trust in news media has fallen to historical lows. The 11th wave of the Media Trust Tracking survey, conducted for MediaPost by Brand Keys, has confirmed TV news brands are becoming commoditized when it comes to “trust.”
Is DISH Network ‘Sprinting’ Toward A Mega-Combo?
Rumorville has been filled with stories surrounding the fate of wireless telecommunications company Sprint. The latest tale to surface may have some legs, however. According to Japan's Nikkei, it's not Charter Communications that's a likely merger partner. Instead, it's DirecTV's biggest competitor — putting AT&T on notice.
Two Sinclair Multicast Networks Expand Coverage Map
Fans of the many programs airing across two Sinclair Broadcast Group digital multicast channels who have not enjoyed access to either channel now have a free-to-air way to get the offerings — if they live in the markets where expansion is being seen, effective today.
The End Is Near For WUSF Television
Viewers of the University of South Florida's noncommercial public television station have until Oct. 15 to continue watching the programs the station airs. Come Monday, Oct. 16, there'll be nothing left to see: WUSF-16 in Tampa will be part of the city's past, joining the Tampa Tribune, WLCY and "95YNF" as a new part of Tampa Bay's media past.
Three Key Debates Get National Exposure Via NewsNation
When it comes to the big November election races, those that will determine the next Texas Governor, and U.S. Senators from Georgia and Pennsylvania, are perhaps the biggest. The outcomes could have a large impact on the U.S. come 2023, and NewsNation is ensuring everyone has access to the debates featuring the candidates seeking to win each of these three key races.
Is American Tower Still A ‘Buy’?
In short, yes — says noted Wall Street analyst Nick Del Deo of MoffettNathanson Research. He reviewed strategic direction, capital allocation, and quality of bottom-line metrics for three big tower owners, including American Tower, and finds an investment in the company to be compelling. We've got the details.
Auto Insurance Specialists Revving It Up at Spot Cable
The latest Media Monitors Spot Ten Cable report is out, and the top five brands are dominated by one category — auto insurance specialists. Yet, the big No. 1 is a quick-service restaurant brand.