Capital markets activity by publicly traded media and telecommunications companies in North America "plummeted" both year over year and sequentially in August, with the sector raising $4.70 billion, newly released data from S&P Global Market Intelligence show.
The parent of the main public broadcasting station serving Seattle-Tacoma and the region since 1954 and its sibling serving Yakima and the Tri-Cities of Washington has moved forward with a significant restructuring plan that it says is a direct result of "Congress's complete defunding of the Corporation for Public Broadcasting in July."
It technically has an October 31 deadline to raise $25,000 to help it "defend the future of NJ PBS." But, the future of the public broadcasting operation serving the Garden State is now known — there will be no road forward for the unit of The WNET Group.
The CBS affiliate serving the Monterey-Salinas-Santa Cruz market as of today brands itself as a "weather authority." As of Tuesday, that promise to viewers "expanded" with new local reporting and weather coverage supplied by the CBS News & Stations property just to the north in San Francisco.
The company with majority control held by Soros Fund Management has inked a new strategic partnership with an "athlete influencer end-to-end tech platform" enabling brands to use the name, image and likeness of pro sports figures to consumers via fresh marketing and advertising opportunities.