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Industry News

Coming Wednesday: Univision’s 2020 Fiscal Report Card

Radio+Television Business Report
4 years 1 month ago

With a whole new C-Suite led by CEO Wade Davis, Univision Communications is on a reinvigorated path to growth, as demonstrated by the company’s March 24 get-to-know-you “pre-Upfront” presentation for marketers and advertisers.

The 30-minute virtual affair was the first from Univision since Davis replaced Vince Sadusky, and a major leadership shift that saw the arrival of Donna Speciale, Pierluigi Gazzolo and Luis Silberwasser.

But, before all can progress forward with new momentum, Univision must take one last look at its performance under its former leadership.

This will come on Wednesday (3/31), when Univision Communications will conduct a conference call to discuss its Q4 and full-year 2020 fiscal results. The call is scheduled for 11am, with a detailed report including the results offered on Univision’s corporate website earlier in the day.

While Univision is not publicly traded, the company has regularly offered its quarterly earnings reports to the public.

RBR-TVBR

What’s Marketing Firm WARC’s 2021 Ad Spend Estimate?

Radio+Television Business Report
4 years 1 month ago

For over 30 years, Ascential-owned WARC has been serving marketers as a data analytics company that has also taken a key role in examining domestic ad expenditures by medium on an annual basis.

WARC’s 2021 U.S. ad spend projections have been released. And, “even in a build-back year,” WARC says, “ad spend in the U.S.” is projected to be pretty significant.

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Adam Jacobson

FCC Gives OK To Three iHeart Deals, With Conditions

Radio+Television Business Report
4 years 1 month ago

As part of iHeartMedia‘s efforts to grow its BIN: Black Information Network audio offering superserving African American consumers, the nation’s biggest owner of radio stations in December agreed to purchase two Dallas-markets AMs and their corresponding FM translators from Mortenson Broadcasting Co.

Days later, iHeart struck a deal with Multicultural Radio Broadcasting to buy an AM in Houston, which was pinpointed for use as that market’s BIN home.

Then, as 2020 came to a close, iHeartMedia filed paperwork with the FCC seeking to reclaim a Class C1 FM licensed to a town in Minnesota serving the Grand Forks, N. Dakota, market.

The deals, while involving the No. 1 radio company in the U.S., were rather ordinary in their structure. Only, an unexpected occurrence transpired prior to closing that required a closer FCC examination: a major British radio broadcasting company’s chief funding source took a big chunk of publicly traded stock, giving an individual through a Bahamian entity 8.8% attributable interest in iHeartMedia.

This led the Audio Division of the FCC’s Media Bureau to review the three transactions, culminating in the issuance late Friday (3/26) of a Memorandum Opinion and Order from division Chief Al Shuldiner.

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Adam Jacobson

This Cable Tester Can Save You Time

Radio World
4 years 1 month ago
Fig. 1: Pyle PCT40 12-Plug Pro Audio Cable Tester

We recently mentioned do-it-yourself cable testers.

Greg Muir of Wolfram Engineering says that if you need a cable tester with a variety of connector interfaces but don’t have “DIY time,” the Pyle PCT40 12-Plug Pro Audio Cable Tester might be a possibility.

While the Pyle website gives a sticker shock price of $96, the tester is commonly available in the $40 price range from many sources online.

The upside is that it accommodates a plethora of connectors for those who may encounter a variety of cables in the field, such as a contract engineer.

Greg has found the tester handy when providing services for venues both in and outside of the radio business.

Operation is simple; just plug both ends of your cable into the mating connectors on the box and rotate the switch through the ranges. Normal cables will illuminate both correlating LEDs on the panel for each switch position.

In the case of cables where a “twist” may be encountered, such as LAN cables, then whichever indicator lights will indicate the twist connections.

Phreak Out

Our recent references to Radio Shack prompted some nostalgia for San Diego engineer Marc Mann.

His first job while in high school in the 1970s was at Radio Shack. He has great memories, learning about new ICs while restocking the pegboards with the latest offerings.

One quiet evening Marc was the only person in the store when some teenagers came in for parts. While paying for them, one of the teens asked if Marc knew what they would be using the components for. Of course he had no idea.

So the customer reached in his pocket and pulled out a small Bakelite box with several pushbuttons. He said, “Want to see something cool?” and he asked for the telephone on the counter.

He took the handset and held the little box to the microphone and began pushing buttons that produced various tones; then he handed the handset to Marc and said “Listen.”

A few moments later, Marc found himself listening to a man with an Australian accent giving the weather report for Sydney, Australia! Marc started to panic, fearing a huge phone bill would ensue and that he would be fired.

The customer assured Marc there would be no charges; he was using what was known as a Phone Phreaking Box, built with Radio Shack parts.

Marc has still kept his Radio Shack Wall Clock, Fig. 2, which he won in a sales contest.

Fig. 2: A reminder of times past.

The clock still sports the little metal badge that promises to replace any tubes that were to fail:

How many readers remember and took advantage of this guarantee?

But where’s the pinball lever?

Speaking of tubes, check out the tube tester in Fig. 4. It is on display at the California Historical Radio Society (CHRS) in Alameda.

Fig. 4: An important piece of test equipment in the 1950s and 60s, displayed at the California Historical Radio Society.

There are some great memories housed in their 115-year-old former telephone building. It’s a unique West Coast museum, devoted to all things radio.

Visit https://californiahistoricalradio.com/about/.

An AE IOU

As an alternative to The Shack, Marc has been buying parts from Ali Express for about three years.

He initially found its service to be very good, with shipments arriving in 30 to 45 days or less. But in this past year of COVID, it has been more miss than hit, with four out of five orders not showing up.

Basic tracking shows packages leaving U.S. Customs but then they disappear into the ether. Marc writes that, should you continue to order from Ali Express, be aware that if an order doesn’t arrive in 90 days you can easily lodge a “not received” dispute. AE will do an investigation.

Marc has always been reimbursed quickly for any charges incurred. So at this point you should be able to order with confidence. You just have to be patient.

No Fry’s With That

Marc wraps up his buying experiences by suggesting a moment of silence for the demise of Fry’s Electronics.

If you had a Fry’s close by, you know it was a Nerd’s Paradise. Where else could you find just about anything electronic, and on display so you could turn the knobs of oscilloscopes and meters before buying them?

Ironically, six of the massive Fry’s stores originally were purchased from Incredible Universe, another electronics giant that closed in 1996. And who owned Incredible Universe? Tandy Corp. — which at the time was the parent company of RadioShack.

Oops!

By the way, our previous column originally included a sentence that started, “A couple of hours later, he wired the ATX supply wires to the Model plug…”

As most readers probably realized, the word “Model” should have read “Molex,” as we stated correctly in a caption.

John Bisset is in his 31st year writing the Workbench column. He handles western U.S. radio sales for the Telos Alliance and holds CPBE certification with the Society of Broadcast Engineers.

Like Marc Mann, you probably can remember a time when someone asked you, “Want to see something cool?” Mail tips and stories to johnpbisset@gmail.com.

 

The post This Cable Tester Can Save You Time appeared first on Radio World.

Paul McLane

Spring Product Preview: A New Ebook

Radio World
4 years 1 month ago

Radio World’s ebook for March 2021 is a look at brand-new or recently introduced products for the radio broadcast or audio industry professional.

From products for the virtualized air chain to new microphones, on-air lights and codecs, here are approximately 50 products to learn about.

Spring Product Preview Ebook

The post Spring Product Preview: A New Ebook appeared first on Radio World.

Paul McLane

FCC Can Use New Pirate Radio Fines Starting April 26

Radio World
4 years 1 month ago

As of April 26, the Federal Communications Commission can start hitting pirate radio operators with beefy new fines.

The Federal Register has now published rules that the FCC recently adopted at the direction of Congress in the “Preventing Illegal Radio Abuse Through Enforcement (PIRATE) Act.” The rules take effect April 26.

[Read “It’s Official: PIRATE Act Signed Into Law”]

The act, signed by President Trump early last year, gives the FCC authority to levy fines of up to $100,000 per violation and $2 million in total.

It also aimed to streamline the enforcement process; requires the FCC to conduct mandatory enforcement sweeps in cities with the highest concentration of pirate radio use; and seeks to ensure more coordination among federal, state and local law enforcement.

The law also mandated the creation of a publicly accessible online database that lists U.S. stations as well as all entities that have received notice that they are operating a broadcast station without authority.

But whether the commission will be able to carry out all of these goals anytime soon is a question.

In January, as we’ve reported, the head of enforcement at the FCC told Congress that efforts to implement the act against illegal stations have been hampered by the pandemic as well as a lack of funding.

Rosemary C. Harold, chief of the Enforcement Bureau, submitted the commission’s first annual report to Congress about its pirate radio work.

Harold said the mandatory telework policy that took effect due to COVID-19 was an obstacle. And, she continued, as of January the commission had received no funding to implement the act a year after it became law.

“The Congressional Budget Office and the commission both estimated that it would cost $11 million for the commission to implement the act,” she said then.

“And yet, the PIRATE Act itself contained no appropriation or other funding source to cover its implementation costs. And because the commission’s FY 2021 budget ceiling level was established by the Office of Management and Budget on December 3, 2019, before Congress adopted the PIRATE Act, the commission did not have an opportunity to incorporate costs related to the implementation of the PIRATE Act during the president’s fiscal year (FY) 2021 budget process.”

As to “sweeps” that the FCC is supposed to do at least once a year in the five markets where pirate radio is worst, she said the commission began studying this but the bureau’s ability to conduct the sweeps “will remain subject to obtaining new funding through the appropriations process” as well as the end of the pandemic. For the same reasons, the public database doesn’t exist a year after it was supposed to be in place.

By the way, the federal government in these new rules defines pirate radio broadcasting as “the transmission of communications on spectrum frequencies between 535 and 1705 kilohertz, inclusive, or 87.7 and 108 megahertz, inclusive, without a license issued by the commission, but does not include unlicensed operations in compliance with part 15 of title 47, Code of Federal Regulations.” Part 15 allows certain unlicensed operations at very low power levels.

The post FCC Can Use New Pirate Radio Fines Starting April 26 appeared first on Radio World.

Paul McLane

Omnirax Broadcast Intros Work From Home Line

Radio World
4 years 1 month ago

With widespread acceptance that work from home is here to stay for at least some segment of broadcast talent and staff, Omnirax has designed a line of compact models which fit in smaller spaces. The company says these economical, ergonomic, purpose-built Work From Home furniture solutions will help “work from homers” become healthier, happier and more effective.

[Check Out More Products at Radio World’s Products Section]

Two models, available in three base options (sitting, standing, motorized adjustable height), two configurations (with or without four-space rack) and three color schemes make this a very customizable option for a variety of broadcast applications.

Pictured is model WFH2-AH, motorized, adjustable height in pumice with optional EchoScape Screens.

Info: https://omnirax.com

 

The post Omnirax Broadcast Intros Work From Home Line appeared first on Radio World.

RW Staff

APM Is Launch Partner for Samsung Podcasts

Radio World
4 years 1 month ago
“Marketplace” is among the shows available on the Samsung Free service.

American Public Media is a publishing partner for the Samsung Podcasts service available in the new “Listen” tab of Samsung Free content/app service.

“Through this partnership, APM audio content is now available on the Samsung Podcasts service, on compatible Galaxy smartphones,” APM said in its announcement.

[Read: Survey Says Podcast Demographics Continue to Diversify]

“Starting today, Samsung Podcasts enables Galaxy users to discover and listen to a huge selection of today’s most popular podcasts, including popular shows from APM’s library, such as ‘Marketplace,’‘Don’t Ask Tig’ and ‘Brains On!’”

Samsung Podcasts are in the new Samsung Free platform, which gives users access to live TV, headlines and games. Samsung Free and Samsung Podcasts are available on compatible Galaxy S21, Galaxy S20, Galaxy Note20, Galaxy S10 and Galaxy Note10 devices.

APM’s Thomas De Napoli, managing director, multiplatform sales strategy & business development, American Public Media, said the move “is an excellent way for us to reach even more young and diverse audiences on a global scale.”

 

The post APM Is Launch Partner for Samsung Podcasts appeared first on Radio World.

RW Staff

In A Sea Of Red, One Radio Company Climbs On Friday

Radio+Television Business Report
4 years 1 month ago

The last Friday of the first quarter of 2021 wasn’t a pretty one for media issues on Wall Street. That said, one radio broadcasting company is swimming against the red tide. On Friday, its shares were on the rise.

That company is Beasley Media Group.

Trading under its Beasley Broadcast Group name, with the ticker symbol of “BBGI,” the owner of radio stations that has invested in eSports — and a Houston Overwatch League franchise — enjoyed a 4-cent gain to $2.89 on Friday.

While that may seem minor, Beasley stock has seen nothing but growth across Q1 2021.

And, as the quarter comes to an end, C-Suite executives can take pride in the improvement.

As shown above, BBGI was priced at $1.63 as 2021 began.

While Beasley shares have a long way to go to return to where they were in 2019, it appears the path has been paved to reach that destination.

Adam Jacobson

MSG Networks Eaten By MSG Entertainment

Radio+Television Business Report
4 years 1 month ago

NEW YORK — Madison Square Garden Entertainment Corp. has struck a deal to acquire MSG Networks in an all-stock, fixed exchange ratio transaction.

The merger is expected to be tax-free for both entities.

MSG is an institution across the Empire State and New York Tri-State Area. It is the home of New York Rangers NHL hockey and New York Knicks NBA games.

Upon the closing of the transaction, MSG Networks stockholders would receive 0.172 shares of MSG Entertainment Class A or Class B common stock for each share of MSG Networks Class A or Class B common stock they own.

The exchange ratio is approximately 4% above the ratio of the unaffected closing stock prices of the two companies on March 10, the last trading day before a press report speculated on a potential transaction.

This transaction, MSG Entertainment says, would create “a leading entertainment and media company with a more diversified revenue base that would be well positioned to deliver innovative experiences across all of its assets. The combined company would have a stronger liquidity position to support its live entertainment business, which following the shutdown of its venues due to the pandemic, is now on a path back to normal operations. In addition, the new company would have enhanced financial flexibility to fund current growth initiatives, including its planned state-of-the-art venue in Las Vegas, MSG Sphere at The Venetian, as well as future opportunities across both entertainment and media.”

With the acquisition of MSG Networks, MSG Entertainment anticipates it would capture more of the emerging revenue opportunity related to the potential expansion of legalized sports gaming in its market. The combination of the companies’ media, digital and venue assets creates a powerful platform for potential sports gaming partners, which is expected to generate significant incremental revenue in the years ahead.

As of December 31, 2020, MSG Entertainment had a federal net operating loss (NOL) of approximately $250 million, primarily due to the temporary shutdown of its venues as a result of COVID-19.

Furthermore, MSG Entertainment expects to accelerate the depreciation of significant components of the capital investment for MSG Sphere in Las Vegas in calendar 2023, which is when the venue is expected to open.

As a result of this transaction, the combined company would be able to more efficiently utilize MSG Entertainment’s existing NOL, as well as future bonus depreciation related to MSG Sphere in Las Vegas, to offset the taxable income of all of its businesses, including MSG Networks, which today is a full state and federal income tax cash payer.

For fiscal year 2020, MSG Networks generated revenue of $685.8 million, operating income of $295.0 million, adjusted operating income of $321.4 million, net cash provided by operating activities of $210.0 million, and free cash flow of $207.2 million.

The media company’s two networks, MSG Network and MSG+, also deliver exclusive live local games of the New York Islanders, New Jersey Devils and Buffalo Sabres, as well as significant coverage of the New York Giants and Buffalo Bills.

MSG Entertainment’s portfolio features iconic venues, including Madison Square Garden; production assets such as the Radio City Rockettes and the Christmas Spectacular and a majority interest in Tao Group Hospitality.

The definitive agreement was exclusively negotiated and unanimously approved by Special Committees of MSG Entertainment’s and MSG Networks’ boards, both of which are comprised entirely of independent directors. The agreement was also unanimously approved by the Boards of Directors of both MSG Entertainment and MSG Networks.

The transaction, which is also subject to customary closing conditions, is expected to be completed during the third quarter.

Upon the closing of the transaction, a current director of MSG Networks elected by the holders of its Class A common stock would be appointed as a director of MSG Entertainment.

Moelis & Company LLC and The Raine Group are serving as independent financial advisors and Wachtell, Lipton, Rosen & Katz is serving as independent legal counsel to the Special Committee of the Board of Directors of MSG Entertainment. LionTree Advisors LLC and Morgan Stanley & Co. LLC are serving as independent financial advisors and Davis Polk & Wardwell LLP is serving as independent legal counsel to the Special Committee of the Board of Directors of MSG Networks. Debevoise & Plimpton LLP is serving as legal counsel to the Dolan family.

RBR-TVBR

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