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Radio+Television Business Report

This Report Affirms Broadcast TV’s ‘Viable’ Future

Radio+Television Business Report
3 years 3 months ago

It’s a company mainly known for media security and anti-piracy services. Yet, a report it has just released concludes that broadcast TV “will continue to be viable for the foreseeable future, despite the growth of streaming.”

The report from Intertrust also suggests that the global the video industry will evolve to a hybrid approach, where linear broadcasting coexists alongside video-on-demand (VOD) content and live streaming.

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RBR-TVBR

Veteran Wall Street Analyst Named fuboTV CFO

Radio+Television Business Report
3 years 3 months ago

He’s widely known for his two decades of experience as an influential media sector financial analyst on Wall Street. Most recently, he filled the shoes of Marci Ryvicker, also known for her past experience as a media sector analyst, at Wolfe Research.

Now, John Janedis is taking a cue from Ryvicker by going corporate.

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Adam Jacobson

Former Real Estate Multi-Millionaire Grabs Beasley’s Boca Assets

Radio+Television Business Report
3 years 3 months ago

BOCA RATON, FLA. — To ABC viewers, he’s recalled as a “Secret Millionaire” featured in a March 2011 episode of the now-concluded reality television series. A successful real estate figure, Marc Paskin sought out people and organizations in Detroit deserving of his financial help. Today, his philanthropic side is balanced with ownership stints of small radio stations, which dates to 2015.

Now, Paskin is re-entering radio ownership by agreeing to take Beasley Media Group‘s remaining properties in this upscale South Palm Beach County city.

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Adam Jacobson

Another Strong Session for Nexstar

Radio+Television Business Report
3 years 3 months ago

Can anything stop Nexstar Media Group from achieving a fresh all-time high for its stock?

A new peak was reached on Wednesday. As a result, share value in the nation’s top broadcast television company by station count is up $114.88 since March 2020.

A 2% gain to $172.61 came on February 2 for NXST, on volume that was slightly above its average of 399,150 shares.

NXST boasts a 1-year target price of $189.89. And, it is a safe bet it will get there within days.

Year-to-date, Nexstar is up by nearly $20.

Adam Jacobson

Spotify Shares Sink As Annual Guidance Ends

Radio+Television Business Report
3 years 3 months ago

Joe Roggin‘s podcast controversy had, until the Closing Bell on Wednesday, generated enough negative press to agitate investors in Spotify. On January 27, shares dipped to $171.32, a dip from nearly $235 per share seen on January 11.

While Spotify rebounded to $203.62 on Tuesday, the comeback fizzled. Then came Spotify’s fourth quarter 2021 results, sending SPOT down by more than 21% in early after-market trading on the NYSE.

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Adam Jacobson

Oxley Testifies To Congress On Free Press Needs

Radio+Television Business Report
3 years 3 months ago

While the House Judiciary Committee spent more than 2 1/2 hours debating the “American Music Fairness Act” on Wednesday morning, the Senate Judiciary Committee’s Subcommittee on Competition Policy, Antitrust, and Consumer Rights held a hearing devoted to “journalism, competition, and the effects of market power on a Free Press.”

Among the witnesses seated in Room 226 of the Dirksen Senate Office Building on Capitol Hill for the afternoon in-person session: the head of the highest-billing radio station in the U.S.

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Adam Jacobson

New York’s Chief PBS Member To Launch ATSC 3.0 Services

Radio+Television Business Report
3 years 3 months ago

The parent of the three main PBS Member stations serving the New York Tri-State Area will become the first operator in the nation’s No. 1 market to bring NEXTGEN TV service to those with an ATSC 3.0-equipped television set.

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Adam Jacobson

Public TV Advocacy Group Elects Board Officers, Trustees

Radio+Television Business Report
3 years 3 months ago

WASHINGTON, D.C. — America’s Public Television Stations (APTS) today has revealed its updated slate of board leaders and board members.

Andrew Russell, President/CEO of PBS SoCal and KCET in Los Angeles, has been re-elected Chair.

At the same time, Susi Elkins, Director of Broadcasting and General Manager of WKAR Public Media at Michigan State University in East Lansing, Mich. has been re-elected Professional Vice Chair. David Steward II, Immediate Past Board Chair of Nine PBS in St. Louis, has been re-elected Lay Vice Chair.

The newly-elected trustees are:

  • Annette Herrington, Commissioner of Arkansas PBS in Conway, Arkansas, as a lay trustee.
  • John D. Zeglis, Retired Chairman and CEO of AT&T Wireless Services, former President of AT&T, and a member of the board of WNIT Public TV of South Bend, Ind., as an at-large trustee.

Re-elected to the APTS Board of Trustees are:

  • Carolyn Edwards, Lay Trustee of Vegas PBS in Las Vegas
  • Susi Elkins, Director of Broadcasting and General Manager, of WKAR Public Media/MI State University in East Lansing, Mich.
  • Franz Joachim, General Manager and CEO of New Mexico PBS in Albuquerque
  • Garrett King, Board Member, Friends of OETA in Oklahoma City
  • Vickie Lawson, President and CEO of East Tennessee PBS in Knoxville, Tenn.
  • David Steward II, Immediate Past Board Chair, Nine Network of Public Media in St. Louis

Zeglis began his board term on January 5. The officers and other trustees will begin their terms on February 28.

 

RBR-TVBR

TV Streaming Engagement: Deepening at the Expense of Cable

Radio+Television Business Report
3 years 3 months ago

If you thought the COVID-19 pandemic would halt, or reverse, cord-cutting trends for MVPDs, think again.

While 40% of Americans still pay for cable services, a shift in viewing habits and streaming services is leading more consumers to say no to cable TV.

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RBR-TVBR

‘Connect to Congress’ Returns for Sinclair’s Local Stations

Radio+Television Business Report
3 years 3 months ago

WASHINGTON, D.C. — A multimedia initiative that enables Members of Congress in cities where Sinclair Broadcast Group-owned stations have a local news department to speak directly to their constituents on a regular basis has returned.

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RBR-TVBR

FreeWheel’s New Certified Partner Program Launches

Radio+Television Business Report
3 years 3 months ago

NEW YORK — Comcast-owned FreeWheel has officially launched a new Certified Partner Program.

Its purpose is to certify and organize buyers, sellers, data partners and technology partners within FreeWheel’s platform to create a more efficient and effective media supply chain for the TV ecosystem.

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RBR-TVBR

‘Respecting Artists’: NAB Head, Gloria Estefan Speak On Music ‘Fairness’

Radio+Television Business Report
3 years 3 months ago

What do the longtime Miami-based singer known for “Conga” and “Coming out of the Dark” and a longtime Inside the Beltway figure who once worked on antitrust litigation and merger reviews as an associate with Howrey LLP have in common?

Both have thoughts worthy enough for sharing at a House Judiciary Committee hearing conducted virtually on Wednesday morning. The subject: the American Music Freedom Act, which would implement a royalty payment scheme on top of what broadcast radio already pays for the right to play recorded music on its AM and FM stations.

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Adam Jacobson

NAB Chief To Congress: Music Industry ‘Unwilling’ To Negotiate

Radio+Television Business Report
3 years 3 months ago

Of the witnesses that appeared in a virtual House Judiciary Committee hearing held Wednesday morning to debate the “American Music Freedom Act,” NAB Chairman/CEO Curtis Legeyt perhaps provided the most objective commentary as to why the proposed legislation is unjust and would impose financial burdens on radio stations of all sizes across the U.S.

In particular, Legeyt slammed the world’s recording industry goliaths for failing to come to the table after four years of opportunities to work with the NAB and broadcast radio in the U.S. on a “win-win” royalty scheme.

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Adam Jacobson

Improper Relationship With CMO Leads CNN Head To Resign

Radio+Television Business Report
3 years 3 months ago

The leader of CNN Worldwide has abruptly tendered his resignation, a decision largely tied to his revelation that he developed an improper relationship with his “closest colleague” — an individual he had worked with for more than two decades.

Jeff Zucker, the president of the entity that oversees CNN and CNN International, is out, effective immediately.

In an employee memo shared by CNN.com, Zucker said, “As part of the investigation into Chris Cuomo‘s tenure at CNN, I was asked about a consensual relationship with my closest colleague, someone I have worked with for more than 20 years. I acknowledged the relationship evolved in recent years. I was required to disclose it when it began but I didn’t. I was wrong. As a result, I am resigning today.”

While Zucker did not reveal the name of that longtime colleague, CNN reports that it is with Chief Marketing Officer Allison Gollust, who is remaining at CNN.

Gollust issued a memo of her own. She said, “Jeff and I have been close friends and professional partners for over 20 years. Recently, our relationship changed during COVID. I regret that we didn’t disclose it at the right time. I’m incredibly proud of my time at CNN and look forward to continuing the great work we do everyday.”

The memo was dispatched shortly after 11am Eastern, taking employees by surprise.

Shortly thereafter, WarnerMedia CEO Jason Kilar sent an internal email to all at CNN stating that an interim leadership plan will be revealed shortly. “Both of these organizations are at the top of their respective games and are well prepared for their next chapters,” he said.

Zucker has been associated with CNN since 2013. He is widely known for his tenure at NBC, where he rose from a TODAY producer to network president.

Adam Jacobson

Smile: A Michigan FM is Spun To ‘Positive’ Operator

Radio+Television Business Report
3 years 3 months ago

It’s known for “Michigan’s Positive Hits,” with 21 radio signals across the Mitten State offering Worship Music to fans of the Contemporary Christian Music (CCM) genre.

Now, it is agreeing to purchase the property and license associated with a Class A FM licensed to the city of West Branch.

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Adam Jacobson

N.M. Senator’s Stroke Postpones Sohn Hearing

Radio+Television Business Report
3 years 3 months ago

As first reported by Communications Daily via Twitter late Tuesday, considerations of the nomination of Gigi Sohn to serve as a Democratic Commissioner on the FCC — along with two other nominations — were removed from the agenda for today’s Executive Session of the Senate Commerce, Science & Transportation Committee.

With confirmation of the report yet to arrive as Midnight struck in Washington, daybreak brought the reason for the last-minute agenda change: An influential Senator had suffered a stroke, but is expected to fully recover.

Sen. Ben Ray Luján (D-N. Mex.) on January 27 suffered a stroke. He underwent brain surgery and is expected to fully recover, representatives of the legislator said Tuesday.

According to the Santa Fe New Mexican, Luján was diagnosed with a stroke in the cerebellum, which is in the back of the brain. “Decompressive” surgery was performed to relieve pressure on the brain at University of New Mexico Hospital in Albuquerque. A full recovery can take from a few weeks to a couple of months.

Luján is 49 years old and in his first term as a U.S. Senator.

Given the timetable for Luján’s return to Washington, the FCC’s 2-2 leadership will likely be in place through at least May. That’s because the support of Sohn is far from bipartisan, with Democrats largely supporting her nomination by the Biden Administration to take the final seat on the Commission and Republicans in unison against her nomination.

Until Luján’s ailment, a 14-14 vote — something that would signal Democratic approval as they are the majority party in the Senate — was anticipated on Sohn’s vote. Luján has been a supporter of Sohn, and without his vote her path to the Commission would most certainly be derailed.

Also off the hearing agenda are considerations of the nomination of Mary Boyle to serve as a Commissioner on the National Product Safety Commission and that of Alvaro Bedoya to serve as the Federal Trade Commission’s Commissioner.

The February 2 hearing was to be Sohn’s second in front of the Senate Commerce Committee, and comes following the Biden Administration’s reaffirmation of its nomination of the “net neutrality” advocate.

Sohn’s role with Locast, where she served as a board member of the “virtual Over-the-Air” television services provider that purported to be a non-profit before a New York Federal judge’s decision led to its demise, remains a bone of contention with Senate Commerce Committee Ranking Member Roger Wicker (R-Miss.). However, Sohn has agreed to excuse herself from two specific matters because of a potential conflict of interest or lack of impartiality.

First, Sohn would recuse herself from matters involving retransmission consent or television broadcast copyright for the first three years of her term. Second, Sohn agreed to recuse herself for four years from a docket concerning the rules governing retransmission consent.

That led the NAB to give its affirmative nod to Sohn’s seating as a FCC Commissioner. In contrast, NCTA – The Internet & Television Association is still concerned, wondering why she won’t recuse herself from other matters she has spoken out against. The NCTA’s concern has not let to its formal objection of Sohn’s nomination, however, as it takes an approach similar to that of the NAB.

Adam Jacobson

Sinclair Makes A Flurry of Promotions

Radio+Television Business Report
3 years 3 months ago

WASHINGTON, D.C. — No less than 14 individuals are being elevated to new roles at Sinclair Broadcast Group, owner of broadcast TV properties and Bally Sports RSNs.

And, it is at the regional sports networks where many of the promotions are being seen.

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RBR-TVBR

The InFOCUS Podcast: Paul Kelly

Radio+Television Business Report
3 years 3 months ago

Joining RBR+TVBR Editor-in-Chief Adam R Jacobson on the latest InFOCUS Podcast is Paul Kelly. He’s the Chief Revenue Officer for A Million Ads, and has two decades of experience leading creative and commercial teams for such organizations as Viacom.

Paul shares his insight and knowledge on audio advertising, and how it’s so hot, LinkedIn is getting in the game.

What can Radio glean from this? You’ll learn more in just 11 minutes.

Listen to “The InFOCUS Podcast: Paul Kelly” on Spreaker.

RBR-TVBR

The U.S. Broadcast Deal Market: A Kagan Review

Radio+Television Business Report
3 years 3 months ago

Thanks to the efforts of Volker Moerbitz, the longtime Research Analyst with the Kagan arm of S&P Global Market Intelligence’s Media & Communications broadcast sector advisory services, a full review of the 2021 transactions marketplace has arrived.

The biggest takeaway: “Cautious optimism” abounds, as year-end deal numbers for 2021 are higher than that seen in 2020.

That’s the overall portrait, however, fueled by television.

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Adam Jacobson

A Local Media Company Goes OTA With Its Own Sports Network

Radio+Television Business Report
3 years 3 months ago

When it comes to sports networks, nearly all involve a MVPD and are regional in their approach. This includes the Bally Sports RSNs owned by Sinclair Broadcast Group, the Baltimore-based media company that has taken a front seat on the rollout of ATSC 3.0.

A few miles to the southeast of Charm City, a local media company that has a formidable presence in the First State and across the Delmarva region is about to launch its own sports network. Only, it is to be a digital multicast piggybacking on its CBS affiliate.

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Adam Jacobson

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