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Industry News

In Reply Comments, NAB Pushes FCC Reg Fee Reform

Radio+Television Business Report
3 years 6 months ago

The NAB has filed reply comments to the FCC in connection to the assessment and collection of regulatory fees for FY 2021 by stating that the Commission “must recognize that it is patently unfair to require broadcasters to absorb significant fee increases year after year to not only pay for the costs of regulating broadcasters but also for Commission activities that are primarily for the benefit of other entities in the telecommunications ecosystem.”

Those “other entities,” as the NAB sees it, are the ones that directly benefit from the Commission’s broadband activities.

SAY GOODBYE TO GORDON SMITH NEXT WEEK AT FORECAST 2022. As Gordon Smith exits his role at year’s end as NAB CEO and Curtis LeGeyt prepares to take the helm, what is the state of the broadcast industry from the Beltway view? Steve Newberry, who worked closely with both executives during his own tenure at the NAB, sits down with Smith and LeGeyt in an exclusive Forecast 2022 session covering legal, regulatory, and legislative initiatives under the former Oregon senator’s leadership that have impacted the broadcast industry. It could be your only chance to see Gordon Smith before he retires. There’s still a seat with your name on it! Reserve your spot now by visiting RadioInkForecast.com.

 

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RBR-TVBR

Salem Confirms Appearance At ‘Investor Summit’

Radio+Television Business Report
3 years 6 months ago

Salem Media Group, which beat the street with positive growth in the third quarter of 2021, has confirmed that it will be one of a list of presenters at the event formerly known as the MicroCap Conference.

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Adam Jacobson

Sinclair Grabs Lenders’ Outstanding Diamond Sports Loans

Radio+Television Business Report
3 years 6 months ago

The broadcast media company that among its holdings includes Bally-branded regional sports networks has just purchased and assumed the rights and obligations under an accounts receivable securitization facility of Diamond Sports Finance SPV.

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Adam Jacobson

Audacy Picks Former NYT Exec for Digital Business Hire

Radio World
3 years 6 months ago

Audacy named Palak Forbes as senior vice president of digital business operations, a newly created position. She most recently held a business development and operations role at the New York Times.

The announcement states that she will “provide commercial and operational leadership for the company’s podcast business, while working across Audacy’s entire digital portfolio and with key strategic partners to enable continued strong growth in Audacy’s digital and podcast businesses.”

[Visit Radio World’s People News Page]

She will report to Chief Digital Officer J.D. Crowley.

Forbes was the head of business development and operations at the Times, where she oversaw the development its audio business and spearheaded its move into virtual reality. “Forbes also led strategic and commercial partnership teams to broaden and deepen reader experiences from Apple News to the digitization of millions of historic photos with Google Cloud,” Audacy wrote. “With her leadership, the sales team drove multi-million dollar deals and beat goals.” Before that she was the Times’ VP corporate strategy & development.

She also is a former vice president of strategy at Sesame Workshop and has held digital advertising strategy and subscriber marketing roles at Viacom and HBO, respectively.

Send People News announcements to radioworld@futurenet.com.

 

The post Audacy Picks Former NYT Exec for Digital Business Hire appeared first on Radio World.

RW Staff

Global Suddenly Relents On Bigger iHeart Investment OK

Radio+Television Business Report
3 years 6 months ago

Nine months ago, a Bahamian company directed by one of the U.K.’s wealthiest individuals and behind Great Britain’s Global radio empire revealed in a filing with the U.S. Securities and Exchange Commission that it had acquired enough iHeartMedia shares to give it a 8.7% voting interest in America’s biggest audio content creation and distribution company.

Global Media & Entertainment Investments Ltd (GMEI) wanted a bigger non-controlling stake in iHeart — one that could expand to 49.99%, if it chose to. But, iHeart didn’t want this, sparking a transcontinental tiff between the two radio industry giants.

On November 3, GMEI, through its U.S. legal counsel, abruptly ceased its fight for a bigger iHeart stake.

In a short, one-page “Letter of Support” for a pending Petition for Declaratory Ruling of iHeartMedia in what is officially known at the Commission as Media Bureau Docket No. 21-141, Matthew DelNero, the Covington legal counsel for GMEI, updated the record — in his words — on GMEI’s position in the matter.

“Specifically, GMEI expresses its support for iHeart’s Petition, including the proposal that
approval be granted for GMEI and the GMEI Reporting Persons to increase their investment in iHeart up to any non-controlling amount not to exceed 14.99 percent,” DelNero wrote in the letter addressed to FCC Secretary Marlene Dortch.

With that statement, GMEI formally withdrew its request that the Commission grant advance approval of 49.99% non-controlling interest in iHeart, a request that came in response to iHeart’s petition.

In addition to the letter to Dortch, DelNero verbally told Audio Division Chief Al Shuldiner of Global’s change of heart.

What prompted Global to make the change? RBR+TVBR reached out to DelNero on Monday morning. He was not immediately available for a response.

On April 9, the FCC established a formal pleading cycle that sought public comment on iHeartMedia‘s request to win Commission approval for greater foreign ownership and non-U.S. investment. Covington attorney DelNero, on behalf of GMEI, chimed in by calling the iHeart Petition for Declaratory Ruling at the center of the pleading cycle as a “poison pill.”

In early June, a pull-and-tug scenario was unfolding as to who could chime in on what level of advance approval a foreign entity may be granted. In iHeart’s view, it was the sole determination of the FCC to make such a determination. GMEI disagreed, also disputing iHeart’s claim that it was the only party that holds standing on the matter.

This put the companies at odds over just how much ownership GMEI could have in iHeart under “pre-permission” of the FCC. For iHeart, a 14.99% limit was put in play. GMEI wanted that 49.99% advanced OK.

Back in June, GMEI assailed that iHeart’s chosen number of 14.99%—just like its earlier chosen number of 9.99%— was ”arbitrary and commercially motivated.”

It appears that viewpoint has shifted within GMEI.

GMEI has over the years bankrolled Global Radio, the entity that controls U.K. broadcast and DAB brands including LBC, Heart, Capital FM, LBC, Radio X and Classic FM. It is led by Michael Tabor, one of the wealthiest individuals in Britain. His son, Ashley Tabor-King, is the founder of Global.

Adam Jacobson

These Calif. Stations Are at Risk of Losing Their Licenses

Radio World
3 years 6 months ago

Sixteen radio station licenses in California will expire on Dec. 1 if the Federal Communications Commission doesn’t hear from the owners by then.

They include five full-power stations, seven low-power FMs and four translators.

On Aug. 2, stations in the Golden State were required to file applications for license renewal for terms expiring Dec. 1.

“The following stations failed to file license renewal applications and their licenses will expire as of Dec. 1, 2021, provided no renewal application is received by midnight on the date of expiration,” the commission announced last week.

Call sign Community of License Facility ID Licensee K288AR BLYTHE, CA 51357 PALO VERDE VALLEY TV CLUB, INC. K292AH BLYTHE, CA 51369 PALO VERDE VALLEY TV CLUB, INC. KMOB-LP CLEARLAKE, CA 124107 MINDS OF BUSINESS INC. K204BW DEATH VALLEY, ETC., CA 16262 DEATH VALLEY NATURAL HISTORY ASSOCIATION KNCR FORTUNA, CA 39472 DEL ROSARIO TALPA, INC. KZKC KETTLEMAN CITY, CA 94214 INTERMOUNTAIN PUBLIC RADIO, INC. KSXS-LP LOS ANGELES, CA 196949 THE LOS ANGELES SOCIAL JUSTICE RADIO PROJECT KSMC MORAGA, CA 3024 ASSOCIATED STUDENTS OF ST. MARYS COLLEGE KSFH MOUNTAIN VIEW, CA 62118 MOUNTAIN VIEW PUBLIC BROADCASTING K284CL RED BLUFF, CA 156223 THOMAS HUTH REVOCABLE LIVING TRUST KSHC-LP ST. HELENA, CA 124879 ST. HELENA GOOD NEWS BROADCASTING KBDG TURLOCK, CA 3051 ASSYRIAN AMERICAN CIVIC CLUB OF TURLOCK, INC. (NEW BOARD) KMEC-LP UKIAH, CA 124562 MENDOCINO ENVIRONMENTAL CENTER KPUV-LP VENTURA, CA 196611 PROJECT UNDERSTANDING KQWA-LP WALNUT CREEK, CA 196494 EAST BAY ORIENTAL RADIO, INC. KQPV-LP WEST COVINA, CA 197096 ORIENTAL CULTURE CENTER

 

The post These Calif. Stations Are at Risk of Losing Their Licenses appeared first on Radio World.

Paul McLane

A Home Improvement Battle For Radio Listeners

Radio+Television Business Report
3 years 6 months ago

Historically, The Home Depot has been one of the most prolific users of audio advertising to connect with consumers. Of late, however, its biggest competitor had been the bigger user of spot radio, according to Media Monitors data.

That could soon change.

The Home Depot returns to the Spot Ten Radio report for the week ending November 7, thanks to some 35,115 spot plays as part of a new campaign.

Still, that’s just shy of the spot plays associated with Lowe’s, which dips from last week by total rank; RBR+TVBR does not use the rankings as they include iHeartRadio internal and promotional spots, which iHeartMedia-owned Media Monitors values in the same fashion as fully paid external commercial messages.

Overall, Indeed remains No. 1 (that’s a ranking that is undisputed).

Among auto insurance specialists, State Farm is the clear winner.

 

Adam Jacobson

Broadcast TV Aflurry With Holiday Spots

Radio+Television Business Report
3 years 6 months ago

Yes, Veterans Day is Thursday. Yet, it already looks and sounds a lot like Christmas. With Hanukkah arriving on November 28, retailers are already in high gear on gift-giving ideas.

For two brick-and-mortar department store brands, the ad activity surged in a significant way.

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Adam Jacobson

Who’s Taking Care of Business for Broadcasters?

Radio+Television Business Report
3 years 6 months ago

Will the FCC and/or Capitol Hill change the media?

What’s to come at the Federal Communications Commission under the formal leadership of Jessica Rosenworcel will undoubtedly impact both radio and television broadcasting companies.

Remember: Rosenworcel voted against the media ownership rule rewrite that the Supreme Court unanimously ruled was lawful, putting the wheels in motion on cross-ownership rule “modernization” formulated under the Pai Commission.

Will that be the end of any meaningful regulatory reform for broadcast media. If Gigi Sohn were to become a Commissioner — a big if, as of today — could more regulations for broadcasters come to fruition?

That’s just one of many things Inside the Beltway that could impact your bottom line in 2022 and beyond. From Capitol Hill to the Commission’s new offices near Union Station, Washington is abuzz with broadcast media bills and proposals.

Who better than Frank Montero, co-managing partner at Fletcher Heald and Hildreth, to lead a Forecast 2022 discussion on the myriad regulatory challenges and opportunities ahead for broadcasters.

Montero has assembled a group of seasoned broadcast professionals who understand the implications, challenges, and opportunities of these issues and how they might play out in the year ahead.

Appearing at this Forecast 2022 exclusive session are Dr. Mark Fratrik, SVP/Chief Economist at BIA Advisory Services; Bob Mc Allan, CEO of Press Communication LLC and PMCM TV LLC; Justin Nielson, Senior Research Analyst/Broadcast Media at S&P’s Kagan; and Colorado Broadcasters Association President/CEO Justin Sasso.

Understanding what happens Inside the Beltway and how it affects you, your stations, and your future business prospects is essential.

Make sure you are in the room for this blockbuster session at Forecast 2022. Register today!
Adam Jacobson

International Sales Team Grows U.S. and European Presence

Radio World
3 years 6 months ago

International Sales Team is truly growing into its name — the Australian company recently announced it is broadening its sales presence in U.S. and is cementing a new sales partnership with a Swiss RF manufacturer to extend its reach into Scandinavia.

Founded earlier this year, the company announced it is providing what it calls sales teams as a service or STaaS. It is based in Australia but services any country.

[Read: 2wcom Signs With International Sales Team]

The company, a network of broadcast and media industry sales professionals, announced late last month that it had signed an agreement with the Swiss company DAC System. The RF manufacturer selected International Sales Team to assist in selling DAC System’s range of professional broadcast products throughout Scandinavia.

The CEO of DAC System said that the addition of the International Sales Team gives DAC a cost-effective means of selling remote monitoring systems, RF accessories and other professional broadcast products in a complicated market. “Having International Sales Team in Scandinavia for us is just like having our own people in country and we look forward to a long and successful relationship together,” said CEO Pietro Casati.

Lee Salas

International Sales Team then announced in November that it has appointed Lee Salas to serve as one of the company’s newest broadcast industry sales professionals. Salas, who is based in San Francisco, has senior sales experience with hardware, software and video platform solutions for the broadcast media and OTT industries. His previous roles have included prospecting leads, negotiating terms and closing deals and he has built relationships with both domestic U.S. and international clients. He previously held positions at CBS Television and  Deluxe Entertainment Services Group.

Salas said he is joining the company at a positive time. Even though the broadcasting industry was hit hard during the pandemic, more and more organizations are looking to grow once again.

The news follows an earlier announcement in which International Sales Team signed an agreement to sell 2wcom broadcast products in the United States.

 

The post International Sales Team Grows U.S. and European Presence appeared first on Radio World.

Susan Ashworth

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