In July 2021, an FM translator serving greater St. Louis licensed to Educational Media Foundation began simulcasting the secular News/Talk programming found on the HD3 digital multicast channel associated with KLJY-FM 99.1 in Clayton, Mo. Now, that LMA is being converted into an outright purchase of the baby FM.
In a bit of a first, Gray Media has signed on a single sponsor for a newscast on its FOX affiliate serving Southern Nevada. “We are beyond excited about this partnership and what it will do for our FOX5 viewers,” said Michael J. Korr, VP/General Manager of KVVU-TV in Las Vegas.
For CEO Chris Forgy and his team at Saga Communications, its Q3 call placed a spotlight on the pros and cons of being late to the game on digital revenue generation. Forgy also shared how expenses being incurred today are fueling long-term dollar generation opportunities.
"The continued power of our broadcast television business model" is why Nexstar Media Group and its founder and head, Perry Sook, is celebrating its highest-ever Q3 revenue — fueled not only by political advertising revenue, but also big retransmission consent dollars.
Political advertising smashed third quarter records, helping the company formerly known as Gannett enjoy a 53% net income gain from Q3 2023 as net revenue improved by 13%. But, what does Q4 portend for TEGNA?
Adam Jacobson
Please show your support by using the Ko-Fi link at the bottom of the page. Thank you for supporting REC's efforts!