Industry News

This issue features our preview of engineering and tech sessions in Las Vegas

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The E.W. Scripps Co. President/CEO Adam Symson opened his company's Q4 2024 earnings report with a strong call of support for the Chairman of the FCC, pleading the regulatory agency to loosen local ownership restrictions. He also told an analyst that Scripps will consider swaps or sales, should deregulation come.

"Good things come to those who wait," so the saying goes. That's indeed the case when it comes to investors in The E.W. Scripps Co. With a significant round of debt refinancing announced Tuesday, Scripps cleared a big hurdle as it prepared to discuss its Q4 2024 results this morning after a short postponement of their release.

It was not the final three months of 2024 that a company would want to share with investors. Yet, shares were up by nearly 6 percent in early trading on Tuesday, as Saga Communications released its Q4 report — one that saw diminished results from the prior year.

The FCC has moved ahead with two Notices of Proposed Rulemaking that will effectively unwind an effort from Gray Media to shift a pair of its television stations from VHF signals to UHF channels, as the company has run out of time to do it.

An assignment of authorization filing made with the FCC in mid-October 2024 has been dismissed, putting an end to a deal that would have seen the sale of a low-power television station serving San Angelo, Tex.

Workflow automation and ad management company Frequency, which serves the audio content creation and distribution industry, is welcoming a veteran of the advertising technology space as its new Chief Commercial Officer.

Double Helix Corporation, owner of troubled Class C1 KDHX-FM in St. Louis, has filed for Chapter 11 bankruptcy. The reasons listed are financial pressures and pending litigation. It's a move that comes after months of turmoil at the station, including volunteer dismissals and continued supporter backlash.

Privately held broadcasting company Morgan Murphy Media has reached an agreement with rightsholder Good Karma Brands that will allow two of its stations in Wisconsin to broadcast 13 Milwaukee Brewers games. In addition to the regular season schedule, the stations will broadcast three spring training games.

Atlanta-headquartered Gray Media is celebrating the first new combination of top-four rated television stations this decade, as the Carr Commission has granted a waiver of its local ownership rules and will allow the company to complete its purchase of the FOX affiliate serving the Rochester, Minn., market.