The multimedia company led by Byron Allen has reportedly engaged both Moelis & Co. and Kirkland & Ellis as part of a plan to address its debt maturities amid cost cutting that a source says includes permanent work-from-home arrangements for staff in New York and in Southern California.
The PBS Member serving the Plattsburgh, N.Y.; Burlington, Vt.; and, indirectly, the Montréal metropolitan area is one of two additional grant recipients of Corporation for Public Broadcasting funds designed to give the operations cash for enhanced emergency alerting upgrades.
The owner of such radio stations as "98.5 The Sports Hub" in Boston, WCSX and WRIF in Detroit, and WMMR and WMGK in Philadelphia will move ahead with a reverse stock split in a bid to regain Nasdaq minimum trading requirements. What's the ratio it is going with?
Wade Davis is no longer the Chief Executive Officer of TelevisaUnivision, the company announced early Thursday, after reports in The New York Times and Reuters distributed Wednesday evening cited unnamed sources close to the matter that a change in leadership was imminent. Who's his successor?
Investors in Townsquare Media will be pleased with their "decent" return over the last five years. That's the conclusion of financial blog Simply Wall St., which took a deep dive into the radio station ownership group that derives most of its revenue from digital initiatives.
Pivotal Research Group CEO and Internet, Media and Communications analyst Jeff Wlodarczak believes higher medium to long-term Average Revenue Per User and subscriber forecasts warrants a street-high price target for Spotify shares that is significantly higher than its current trading range.
Two weeks ago, Evanov Communications said it would cease operations at three of its underperforming FM radio stations due to severe economic conditions it blamed on "the challenges of increased competition, a difficult media climate, and the residual effects of the pandemic.”
Now, two of those FMs have found a buyer — but not its FM in the nation's capital, which is slated to sign off the air Friday.
When the billion-dollar transaction closes, Rogers will be the largest owner of MLSE with a controlling Interest of 75% in the entity that owns the Toronto Maple Leafs and Toronto Raptors. Meanwhile, the deal will provide Bell with the opportunity to renew its existing MLSE broadcast and sponsorship rights long-term at fair market value, Rogers says.
The General Manager for the stations that comprise CBS Colorado will be adding similar duties for the Paramount Global properties that make up CBS Los Angeles by earning a promotion to Regional GM, effective October 14. The change for Tim Wieland comes alongside the coming departure of Joel Vilmenay.
House Energy & Commerce Committee Members on both sides of the aisle, touting the public safety needs for those in a vehicle, overwhelming passed the retooled "AM Radio for Every Vehicle Act," sending it to a full floor vote in the House of Representatives. A quest to stop a mandate "in perpetuity" from a Michigan House Member was thwarted.
The champion of the AM Radio for Every Vehicle Act in the U.S. Senate and the NAB have each issued statements cheering the House Energy & Commerce Committee's 45-2 passage of the latest incarnation of the bill, which sends it up to the House of Representatives floor for a full Member vote.
First it was Dave Lougee, who exited as President/CEO one month ago. Then it was Ellen Crooke, who will relinquish her role of SVP of News in January. Now, a third TEGNA Inc. C-Suite executive has shared her long-term departure plan, which involves a mid-2025 exit from the broadcast television ownership group.
He previously spent eight years as Senior Director of Sales for NBC Bay Area, comprised of KNTV-11, KSTS-48 in San Jose, and two regional sports networks. Now, this media sales veteran is heading up sales for NBCUniversal in "America's Finest City."
The relationship starts immediately, for the 2025 upfront and broadcast year. This will see the end of the Crystal Media Networks name, as it will rebrand to Portfolio Media next year.
Corus Entertainment has completed an agreement to amend its credit agreement with its bank group, led by TD Securities and RBC Capital Markets — a move that increases its debt-to-cash flow ratio. At the same time, Corus is moving forward with the launch of new lifestyle networks launching in Canada on December 30.
A Weigel Broadcasting digital multicast network known for showcasing female heroines in "proven procedural dramas" is now available to DirecTV consumers, as it was added to the lineup on Tuesday.
While Spotify is by no means a social platform, it is looking to better facilitate community and connection between fans and artists. This has resulted in ad revenue that is forecast to exceed $2 billion in 2024, and will only grow over the next three years.
It's no joke: TikTok is now a major source of news and information for a significant percentage of Americans. Still, new data from Pew Research Center indicate that broadcast television remains a major source for the facts when occurrences of imporance happen.
Broadcaster associations from all 50 states, the District of Columbia and Puerto Rico have sent a letter to congressional leadership in support of the Nurture Originals, Foster Art, and Keep Entertainment Safe Act.
The Commission's "CORES" database has been updated with revised AM and FM radio station fee codes and amounts for fiscal year 2024. This ends the short hold on submissions due to miscalculation errors that were arise from some.
