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Radio+Television Business Report

Paramount: New Name, Same Questions

Radio+Television Business Report
3 years 3 months ago

Following Tuesday’s Closing Bell on Wall Street, Shari Redstone and Bob Bakish had a big announcement to make. ViacomCBS was no more, as the company changed its name to Paramount.

That led Michael Nathanson, the respected Senior Analyst at MoffettNathanson, and colleague Robert Fishman to pen an investor note that asks the tough questions about now-Paramount’s finances for both today and tomorrow.

“Despite the big announcement … we are left with a similar question as we had last year: will the company be able to grow EBITDA and Free Cash Flow again to match prior levels?”

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Adam Jacobson

NAB Refutes ‘Erroneous Claims’ On FCC Ownership Rules

Radio+Television Business Report
3 years 3 months ago

The NAB on Wednesday (2/16) filed a 56-page letter as part of an ex parte brief with the FCC that the nation’s chief lobbying organization for broadcast media says “corrects numerous misstatements and mischaracterizations by other parties about the Supreme Court’s media ownership decision.”

That unanimous decision put the wheels in motion on the end to the local cross-media broadcast ownership prohibition.

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Adam Jacobson

A More ‘Diverse’ ANA Media Conference, Thanks To NABOB

Radio+Television Business Report
3 years 3 months ago

The ANA 2022 Media Conference is scheduled for March 2-4 in Orlando, and it is presented by A+E Network.

With in-person and virtual sessions on the agenda, the leading advertising and marketing industry advocacy group is this year partnering with the National Association of Black Owned Broadcasters to give the diversity discussion an added boost.

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Adam Jacobson

Audacy’s Q4 Numbers Come In A Week. Will Its Stock Rebound?

Radio+Television Business Report
3 years 3 months ago

Next Wednesday, the two biggest audio content creation and distribution companies in the U.S. will each release their fourth quarter fiscal results.

For leader iHeartMedia, a pre-market call will be scheduled — a potentially good move for a company that in the past used a Thursday after-market time slot to evade press coverage of a blemish-filled report.

At 10am on February 23, Audacy Inc. will take the spotlight. For the former Entercom, the fiscal report card comes with its stock at a far lower price than it was a year ago.

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Adam Jacobson

‘Con Prende,’ TelevisaUnivision Unveils New OTT Platform

Radio+Television Business Report
3 years 3 months ago

With bravado and confidence that it will fulfill its mission and “only focus” of creating the world’s biggest Spanish-language OTT platforms, the recently created TelevisaUnivision on Wednesday (2/16) unveiled to marketers and television industry press the name of its forthcoming dual AVOD and SVOD video streaming service.

To those closely following the evolution of Univision under CEO Wade Davis, it is hardly a surprise. It’s the name of the company Univision acquired in February 2021, and it’s a video on demand entity with a pre-existing footprint stretching from the U.S. through Latin America.

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Adam Jacobson

Ex-CBS Los Angeles Leader Resurfaces At Nexstar Property

Radio+Television Business Report
3 years 3 months ago

In July 2021, he departed as President/General Manager of KCBS-2 and KCAL-9 in Los Angeles under a turbulent period at parent company ViacomCBS, now Paramount, centered on an investigation into accusations of workplace misconduct.

Now, he’s getting an opportunity to move on from that chapter by building on his rich experience as the new VP/GM of the CBS affiliate serving Southern Nevada, owned by Nexstar Media Group.

Taking the top position for KLAS-8, branded as “8NewsNow” across the Las Vegas market, is Jay Howell.

Howell is already at the helm of one of the traditional ratings leaders in DMA No. 40, competing against Sinclair Broadcast Group’s NBC-affiliated KSNV-3, Gray Television’s recently acquired FOX-affiliated KVVU-5, and The E.W. Scripps Co.’s ABC affiliate, KTNV-13.

Howell reports to Nexstar Media SVP/Regional Manager Matthew Rosenfeld.

Howell’s career in broadcasting dates back more than three decades, and his first executive-level position came in 2001, when he was appointed VP/GM of FOX affiliate WNAC-TV and CBS-affiliated sibling WPRI-TV in Providence, R.I., under LIN Television ownership.

Howell rose to a Regional Vice President role within LIN in 2012, gaining oversight of 13 television stations across 7 markets, including Dayton, Ohio; Norfolk; and New Haven, Conn. A year later, he was promoted to VP/Television for LIN, gaining oversight of all 46 TV stations licensed to the company.

LIN’s former assets are today within the Nexstar family, thanks to its merger with Media General, which absorbed LIN in 2015. That deal gave Howell the role of VP/Broadcast Markets for Media General.

Howell exited Media General in 2017 with its sale to Nexstar, joining CBS’s Sacramento operations as VP/GM in August of that year. In July 2018, Howell transferred to Pittsburgh, taking on similar duties for CBS’s television stations in Western Pennsylvania. With the retirement of Steve Maudlin in May 2019, Howell moved to Los Angeles to succeed him at the helm of KCBS-2 and KCAL-9. It was a move made by Peter Dunn, the former President of CBS Television Stations, who also departed in 2021 as part of ViacomCBS’s misconduct probe.

Now, Howell has an opportunity for a fresh start within an organization he’s likely highly familiar with. “Jay is an ideal choice to lead Nexstar’s Las Vegas media businesses,” Rosenfeld said. “He is a proven leader with an unmatched depth of experience who understands the expectations of viewers, advertisers and marketers. He’s thoughtful, innovative, and will be dedicated to delivering outstanding local content and service to the greater Las Vegas area. His ability to deliver exceptional ratings and sales results
through unique local partnerships and superior customer service will serve him and the team at KLAS-TV very well. I am looking forward to working with Jay as he assumes his new duties and expect much success in the future.”

Commenting on his appointment at KLAS, Howell added, “I am deeply grateful to Nexstar for giving me the unique opportunity to lead the company’s Las Vegas broadcast and digital operations. As the legacy news brand in the market and an important broadcast partner of the NFL’s Las Vegas Raiders, KLAS-TV has a strong foundation on which to build future growth. In addition, when you combine Nexstar’s commitment to hyper-local content and the unique and innovative cross-platform advertising solutions offered to its viewers and clients, the result gives us a distinct advantage over our competitors. I am excited by what
lies ahead, and I am looking forward to deepening the presence of KLAS-TV and 8Newsnow.com in the communities we serve in Las Vegas and southern Nevada.”

 

RBR-TVBR

Shares Tumble On Wall St. as Final ViacomCBS Quarter Underwhelms

Radio+Television Business Report
3 years 3 months ago

In somewhat of a surprise announcement made during a splashy self-promotion of its content offerings, ViacomCBS President/CEO Bob Bakish and the company’s majority shareholder, National Amusements Inc. President and ViacomCBS Chairman Shari Redstone, ushered in a new era for a company she single-handedly create with the December 5, 2019, reunification of Viacom and CBS.

ViacomCBS is no more, and will now be known as Paramount. 

Investors may be nonplussed by the move, which in some ways puts the entire company’s future on the present-day push for the Paramount+ OTT platform and a movie studio that in the not-so-distant past has seen its fair share of financial struggles.

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Adam Jacobson

Gray’s New Media Training Center Puts Diversity Growth In Focus

Radio+Television Business Report
3 years 3 months ago

The NBC affiliate owned by Gray Television serving Jackson, Miss., has been selected to take a key role in the creation of a media training program designed to prepare students for “today’s unique operating environment.”

At the same time, Gray seeks to improve diversity, equity and inclusion in media with its creation.

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RBR-TVBR

Univision Appoints A Top Leader For Atlanta and Raleigh

Radio+Television Business Report
3 years 3 months ago

For 11 years, he was a key member of the original team that launched “Univision Atlanta” in 2002. Now, he’s been named President/GM of the operation, while also taking similar duties for Univision’s Raleigh operations.

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Adam Jacobson

A Diamond Private Debt Exchange Offer Begins For Sinclair

Radio+Television Business Report
3 years 3 months ago

Diamond Sports Group and  Diamond Sports Finance Company, indirect subsidiaries of Sinclair Broadcast Group, have commenced a private exchange offer to eligible holders of 5.375% Senior Secured Second Lien Notes due 2026.

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RBR-TVBR

TV, Streaming Platforms Each Matter For NFL’s ‘Big Game’

Radio+Television Business Report
3 years 3 months ago

How many people tuned to NBC’s telecast, or Telemundo’s Spanish-language coverage, of Super Bowl LVI? 

A combined metric courtesy of iSpot.tv has been released.

According to results from iSpot.tv’s second-by-second cross-platform measurement, the NFL’s championship, which aired on NBC and Telemundo between 6:33pm Eastern and 10:09pm Eastern on Sunday, drew an “average minute audience” of 121 million viewers.

With Peacock data included in the total, iSpot.tv seeks to get ahead of Nielsen in offering a gauge of just how many people watched the game’s dual-language coverage in homes and/or public venues across the U.S.

Among iSpot.tv’s key findings:

  • Some 56% of U.S. Households tuned into the telecast on NBC, Telemundo and Peacock, reaching a total audience of 149.9 million people who watched all or some of the broadcast.

  • The total linear average minute viewership was 98.1 million, including 2.9 million average minute viewers on Telemundo, which contributed to a total in-home reach of 134.5 million people on NBCU networks.

  • The average streaming minute audience was 10.5 million viewers and 15.5 million total viewers, which includes sensor-level streaming viewership data from CTV, mobile and tablet consumption provided in partnership with Conviva.

  • 70.1% of those streaming the Super Bowl came from “cord cutters” or  households without bundled pay TV service.

  • The total Out-of-Home (OOH) average audience for the Super Bowl was 12.5 million, as measured via iSpot’s partnership with Tunity Analytics.

  • The Super Bowl’s 81 national ads accounted for more than 40% of all TV ad impressions on linear TV for February 13.

  • The average ad reached 106 million viewers, while the game generated 4.39 billion verified household ad impressions across all platforms in 216 minutes.

  • During the Super Bowl, the commercial attention rate was 36% higher than the average across all networks and shows on the day, and the commercial completion rate was 98.6%

  • iSpot’s Ace Metrix Creative assessment found ads increased purchase intent to 47%, while 60% of the ads were funny, 53% sparked curiosity, and 47% prompted nostalgia.

DRE DAY

The well-received halftime show presented by Dr. Dre and featuring the legends of hip-hop was a major attraction. In fact, it may have brought viewers who weren’t watching the game — a change from years where Animal Planet’s “Puppy Bowl” was a popular alternative to lesser-received halftime performances during the “big game.”

Viewership peaked during the halftime show, with an overall increase of 12% or 10.5 million net new average minute viewers.  

Meanwhile, iSpot.tv data also show the following:

  • Ads that ran during the halftime show generated an average viewership of 116.8 million verified impressions for in-home viewing.

  • The animated 2 minute NFL ad at 8:08 pm during the halftime show had the highest in- home audience at 119 million viewers across NBC, Telemundo and Peacock.

  • The persistent attention to the telecast of the game afforded advertisers a completion rate peak of 99.5%, just before the start of the third quarter.

Adam Jacobson

Audacy, iHeart Heads To Talk ‘Industry Transformation’ At NAB Show

Radio+Television Business Report
3 years 3 months ago

Taking a page from intimate Forecast conferences held each November in New York, the CEOs of the nation’s two leading radio station owners, which today position themselves as audio content creation and distribution companies, will join the head of the NAB in a NAB Show 2022 conversation “to discuss the evolution of radio, embracing change from the top and building a future-focused culture.”

Specifically, the NAB says Audacy Corp. President/CEO David Field and iHeartMedia Chairman/CEO Bob Pittman will discuss how they have “transformed” their business in response to the COVID-19 pandemic during a NAB Show session titled “Transforming Radio in the Audio Renaissance.”

The chat with Field, Pittman and NAB President/CEO Curtis LeGeyt is scheduled for Monday, April 25 at 2pm Pacific at the NAB confab in Las Vegas. It will be the first conference and expo for the NAB in three years, if all goes according to plan.

The announcement came following LeGeyt’s appearance on Tuesday (2/15) at the Media Institute, where he was a featured speaker at the Washington think tank’s Communications Forum luncheon.

His prepared remarks focused on “the importance of local television and radio and our advocacy to protect broadcasters’ vital service.”

LeGeyt commented, “In my decade at NAB, I have never been more proud to represent this industry. Whether they are radio or television, small market or large, network or affiliate, I’ve seen that broadcasters’ public service commitment is the rule rather than the exception. In today’s media landscape, we are the antidote to social media disinformation and cable news politicization. We are serving our audiences with fact-based reporting, entertainment and information that binds communities together rather than dividing them.”

He then reiterated the NAB’s chief policy positions and what the organization’s efforts are focused on at this time.

RBR-TVBR

Office Building, Apartment Tenants To Get Broadband Choice

Radio+Television Business Report
3 years 3 months ago

The FCC on Tuesday (2/15) has moved forward with the adoption of rules that the agency says will “unlock” broadband competition for those living and working in apartments, public housing, office buildings, and other multi-tenant buildings.

It’s a move that could end favored-nation status for MVPDs who have exclusivity in such locales, bringing a major change in the dynamic of residential HOAs, office building management and apartment complex owners.

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Adam Jacobson

FCC, NTIA Establish Spectrum Coordination Initiative

Radio+Television Business Report
3 years 3 months ago

WASHINGTON, D.C. — The FCC and National Telecommunications and Information Administration have kicked off a new initiative designed to improve U.S. government coordination on spectrum management.

The Spectrum Coordination Initiative will involve actions by both agencies to strengthen the processes for decision making and information sharing and to work cooperatively to resolve spectrum policy issues.

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RBR-TVBR

Diverse Content: A Driver of TV Antenna Use

Radio+Television Business Report
3 years 3 months ago

Who knew that a $24 accessory available through Amazon.com or Walmart could add so much diversity to the small screen?

A just-released Horowitz Research study finds that, as cable TV “cord-cutters” look for ways to stay connected to live and local programming, multicultural audiences are embracing over-the-air (OTA) antennas.

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Adam Jacobson

A Capitol Hill Sales Leader Rises at Urban One

Radio+Television Business Report
3 years 3 months ago

For eight years, she’s held the role of VP/Political and Governmental Sales at Urban One. Now, Laura Clark is getting a promotion.

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Adam Jacobson

The InFOCUS Podcast: Blair Harrison

Radio+Television Business Report
3 years 3 months ago

Every day we get pitched stories about FAST Channels, AVOD and connected TV and, in nearly every instance, we reply with the same statement — how is this important to the broadcast television industry and how can they benefit?

That’s just one of several questions RBR+TVBR Editor-in-Chief Adam R Jacobson asks Blair Harrison, CEO of OTT linear streaming platform Frequency, in this fresh InFOCUS Podcast.

Learn why FAST channels aren’t a threat to broadcast TV and, perhaps, additive, and why “streaming duplicates” may bring an important boost to your organization in this podcast!

Listen to “The InFOCUS Podcast: Blair Harrison” on Spreaker.

RBR-TVBR

Utah’s ‘Canyon Country’ Finds a Buyer

Radio+Television Business Report
3 years 3 months ago

They were once radio stations owned by the late Ralph Carlson’s Holiday Broadcasting.

Now, an AM, an FM and an FM translator serving Moab, Utah, are being sold. The buyer is led by William Craig Knott.

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Adam Jacobson

NAB, NABOB, MMTC Fight Against FCC Foreign Sponsorship ID Order Continues

Radio+Television Business Report
3 years 3 months ago

A battle against the FCC that sees the NAB; Multicultural Media, Telecom and Internet Council (MMTC); and the National Association of Black Owned Broadcasters (NABOB) join hands in a united fight to stop the Commission’s order mandating disclosures for foreign government-sponsored programming has yielded a freshly submitted reply brief — one that reiterates its belief that the new rules are overreaching and burdensome.

Another reply brief was filed on Friday by the three groups with U.S. Court of Appeals for the District of Columbia Circuit. The organizations have waged a legal challenge of the FCC’s order requiring disclosures for programming tied financially to a foreign government. The matter is pending judicial review, and oral arguments in the case are scheduled for April 12.

In the brief, the organizations refute the FCC’s claims that the rule is lawful and argue that the rule violates with the Communications Act, the First Amendment and the Administrative Procedure Act.

On April 22, 2021, the FCC adopted what the three broadcast media advocacy groups call “unnecessary and overly burdensome rules that impose on every broadcaster onerous requirements to make specified inquiries of, and conduct independent research on, all the entities with whom broadcasters currently or will in the future have lease agreements.”

As the FCC sees it, the rules will “eliminate any potential ambiguity to the viewer or listener regarding the source of programming provided from foreign governmental entities.”

Specifically, the new FCC rule states that by having stations identify its sources of programming, “we seek to address an important issue of public concern while going no further than necessary, thus balancing considerations of the First Amendment with the need for consumers to be sufficiently informed as to the origin of material broadcast on stations licensed on their behalf in the public interest.”

The Commission rule goes on to say by refining the rule it is ensuring that the public is fully informed on the source of programming consumed. It notes, “We find it is critical that the American public be aware when a foreign government has sponsored, paid for, or, in the case of political programs or programs involving the discussion of a controversial issue, furnished the programming for free as an inducement to air the material, particularly given what seems to be an increase in the dissemination of programming in the United States by foreign governments and their representatives.”

In August 2021, the NAB, NABOB and the MMTC moved ahead and filed a petition for review with the U.S. Court of Appeals for the District of Columbia Circuit challenging the Order.

In the latest objection brief from the three organizations, NAB, NABOB and MMTC say the rule is “pointless” and addresses a “phantom harm” that is highly unlikely to occur since foreign agents, under threat of criminal penalties, must disclose their three foreign principal in all programming and supply copies of that programming to the Department of Justice.

The Order requires broadcasters to conduct investigations of every programming lease, even infomercials and local programming. The groups say it is “arbitrary and capricious under the Administrative Procedure Act.”

The target of the R&O? It is most likely the Sputnik radio service, which airs on an FM translator serving the Washington, D.C., market and in select hours on a Kansas City radio station; W288BS is owned by prominent communications attorney John Garziglia, through his licensee Reston Translator LLC.

The Order also likely targets URadio, a Chinese-language service said to be funded by the People’s Republic of China that uses XETRA-AM 690 in Tijuana, Baja California to serve audiences in Southern California.

— Reporting by Ed Ryan and Adam R Jacobson

RBR-TVBR

Sinclair’s ‘News Reporter Academy’ Returns For College Students

Radio+Television Business Report
3 years 3 months ago

Sinclair Broadcast Group’s News Reporter Academy, an interactive workshop for college students interested in pursuing a career in news reporting, is back.

The Academy will hold its next virtual session on March 30 from Noon-3pm ET.

Now in its second year, the News Reporter Academy, hosted by Sinclair’s corporate news operation, gives university-level students an opportunity to learn about working in a newsroom and interact with Sinclair’s news teams.

In the three-hour interactive session, students will learn the basics of news reporting and investigative storytelling, managing a social media presence, how to look and sound their best on-camera and how to package a resume and reel.

“After the success of Sinclair Broadcast Group’s Producer Academy, a workshop for students interested in pursuing a career in digital or broadcast news producing, which is now in its fifth year, the company developed a seminar for students focused on news reporting,” Baltimore-based Sinclair says.

The virtual workshop is open exclusively to undergraduate and graduate college students. Registration is limited to 150 students and an .edu email address is required.

Students must register in advance by March 25: https://us02web.zoom.us/meeting/register/tZcsc-6tqjkqGNWwZIRFQ47sVkHkrp8_GeZm

RBR-TVBR

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