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Industry News

With SCOTUS To Review FCC Rules, WWOR Gets Temporary Waiver

Radio+Television Business Report
4 years 4 months ago

WASHINGTON, D.C. — With the U.S. Supreme Court ready to hear arguments in the FCC and NAB‘s joint appeal of the Third Circuit Federal Appeals Court remand of its local media ownership rule revisions, the Commission — in the final days of leadership under Chairman Ajit Pai — is voting to preserve the status quo with respect to a Fox Corporation request for a permanent waiver allowing it to own multiple TV stations and a newspaper in the nation’s No. 1 market.

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RBR-TVBR

Freaky Friday: Townsquare Shares Slump in Active Trading

Radio+Television Business Report
4 years 4 months ago

It’s a lightly traded stock, and the company’s fiscal health is arguably strong compared to some of its peers. Yet, Friday was a challenging day on Wall Street for the executive team at Townsquare Media.

On nearly five times the average volume, TSQ immediately fell from the Opening Bell and in the final minutes of trading dipped even further.

Townsquare shares were off by 11%, with a $6.60 price seen just six minutes before the Closing Bell on the NYSE rang.

When all was said and done, TSQ completed Friday’s trading with a 10.9% dip, to $6.62.

Volume was 47,881 shares on an average of 15,995 shares.

What prompted the downward activity for the local media company?

It’s not clear. But, it does come one trading session after Townsquare priced an offering of $550.0 million in aggregate principal amount of its 6.875% senior secured notes due 2026.

The notes will bear interest semi-annually at a rate equal to 6.875% per annum and were offered at par value. They are senior secured obligations of Townsquare Media and will be guaranteed on a senior secured basis by the company’s direct and wholly owned subsidiaries.

Closing of the offering is anticipated to take place on or about January 6, 2021, subject to customary closing conditions.

Townsquare intends to use the net proceeds from the offering, together with cash on hand, to repay its existing senior secured credit facilities, to redeem all of Townsquare’s outstanding 6.500% senior notes due 2023, and to pay the premium, fees and expenses related to the offering.

Townsquare also intends to terminate its existing senior secured credit facilities, including its existing revolving credit facility.

Adam Jacobson

Should Radio Be The Home For ‘Timeless Hits’?

Radio+Television Business Report
4 years 4 months ago
There may be more timeless music than ever, and not playing it could be costing your radio stations revenue, Editor-in-Chief Adam R Jacobson notes in this Classic Media Information Bureau column worth a fresh read.

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Adam Jacobson

Puerto Rico AM Plucked by Blanco-Pi

Radio+Television Business Report
4 years 4 months ago

It’s not often that the FCC receives a Acuerdo para venta y transferencia de licencia de un radioemisora.

In such cases, Fletcher Heald & Hildreth attorney Frank Montero is likely involved. And, that’s indeed the situation here, as a prolific Puerto Rico broadcaster has gained another AM on La Isla del Encanto.

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Adam Jacobson

Scripps Selects Knutson’s CFO Successor

Radio+Television Business Report
4 years 4 months ago

The E.W. Scripps Company has promoted its VP of Financial Planning and Analysis to the role that has until now been held by Lisa Knutson.

The bump up to CFO, which saw “a nationwide search,” yielded no external candidates. And, the transition will take place once Scripps closes on its acquisition of ION Media.

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RBR-TVBR

Pioneering VOD Firm Wins ‘Patent Constructions’ Lawsuit

Radio+Television Business Report
4 years 4 months ago

A company that considers itself to be one of the pioneers of video-on-demand technology has claimed a small victory in its fight against AT&T, DirecTV, Dish Network and Amazon for copyright infringement of four patents covering streaming media innovations specifically tied to VOD services using the set top box and mobile app technology.

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Adam Jacobson

Federal Register Publishes FCC’s All-Digital AM Radio Order

Radio+Television Business Report
4 years 4 months ago

WASHINGTON, D.C. — At the FCC‘s October Open Meeting, one of the most important advancements in the history of AM radio broadcasting took only minutes to get the Commission’s approval.

Voluntary all-digital AM broadcasting moved forward, with a report and order released.

Broadcast station owners that wish to benefit will soon be free to do so.

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RBR-TVBR

Book Takes Scholarly Look at Radio

Radio World
4 years 4 months ago

The recently published book “Radio’s Second Century: Past, Present and Future Perspectives” is an academic survey of our industry, a collection of essays, statistics, graphs and antidotes edited by author and professor John Allen Hendricks that features contributions from scholars in media and journalism.

Hendricks is department chair and professor of mass communication at Stephen F. Austin State University in Nacogdoches, Texas, and author or editor of 11 books.

This one is a collection that belongs on the shelf labeled “media studies.”

Promotional information for the book notes that as the industry enters its second century, it continues to be a dominant mass medium even in the face of competition.

“Lasting influences such as on-air personalities, audience behavior, fan relationships and localism are analyzed [in the book], as well as contemporary issues including social and digital media,” it states.

“Other essays examine the regulatory concerns that continue to exist for public radio, commercial radio and community radio, and discuss the hindrances and challenges posed by government regulation with an emphasis on both American and international perspectives. Radio’s impact on cultural hegemony through creative programming content in the areas of religion, ethnic inclusivity and gender parity is also explored.”

Michael Brown writes in the forward that the book “points to a diverse and open field for those who wish to study radio and those who have an interest in learning what we know about the technology, programming, social issues and international use of radio.”

Academic text John Allen Hendricks

To give you a further idea of its content mix, Part I is titled “Contemporary Radio: Social and Digital Media.”

This section includes discussions about listening “from AM to FM to XM, and beyond”; audience research and web features in radio; the “para-social” nature of podcasting; and social media analytics.

Part 2 explores “Programming Matters: Localism, Personalities and Audiences.” Chapters focus on “the shrinking electronic town square” and localism in talk radio; the fandom of Howard Stern; lessons from the “War of the Worlds” broadcast; and how to encourage creative programming.

Part 3, “Social Issues,” includes chapters on religion in radio, NPR’s role in America and “resisting podcasting’s sonic whiteness,” while Part 4 takes on international perspectives including community/campus radio in Canada, the dominance of public radio in podcasting and the role of women in radio.

Among discussions I found interesting are ones focusing on radio as “theater of the mind”; how NPR aspires to create “driveway moments” through storytelling; how radio and podcast producers use sound to create a feeling of intimacy and connection; and how using headphones changes the listening experience.

The book would be an excellent read for a college student pursuing a degree in communications or journalism and needing insight into the radio industry. It’s also suitable for those who like to think hard about the roles that radio and audio play in our culture and how people interact with them.

This isn’t a book for those who want to know how to sell more radio spots or learn about the next technology platform that will change our industry. In general I found that it does not offer much in the way of definitive direction and improvement; a reader is left to conclude what direction radio should take in the next century. The stats and graphs can get repetitive, causing one to want to skim ahead.

However a strength of the book is its exploration of podcasting. It breaks down the success and appeal of the new medium and why it has such dominance with radio listeners:

I enjoyed passages about podcasting as a “converged medium” that brings together audio, the web and portable media devices, as well as a disruptive technology that has forced some in radio to reconsider established practices. I think the book is spot-on in its conclusion that podcasting will continue to dominate and be a strong substitute for listeners seeking news, information and entertainment.

The book is published by Rutgers University Press and retails for $39.95 in its paperback version.

The author is a project engineer at Lawo North America.

The post Book Takes Scholarly Look at Radio appeared first on Radio World.

David Antoine

Five Democrats Join the All-Powerful House E&C Committee

Radio+Television Business Report
4 years 4 months ago

WASHINGTON, D.C. —With the retirement of Ranking Member Greg Walden and the expected transition of power at 1600 Pennsylvania Ave. NW to President-Elect Joe Biden, the committee in the House of Representatives that oversees the FCC has appointed five new Democratic members.

They’ll take their seats with the start of the 117th Congress. And, they are all women.

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RBR-TVBR

With No Dish Deal Near, WGN America Scores Another OTT Win

Radio+Television Business Report
4 years 4 months ago

Friday marked Day 15 of the “blackout” of all Nexstar Media Group-owned broadcast TV stations and the WGN America cable TV network across Dish lineups.

Is there an end on the horizon? Maybe. But, Nexstar has a new option for disgruntled Dish customers that want their NewsNation and other WGN America programming — and its an over-the-top platform.

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Adam Jacobson

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