Headlines
Ad Optimism On The Local TV Front
At TVB’s Executive Summit this week, advertising experts pointed to encouraging signs from political and automotive (except the current strike), tempered by continuing concerns over measurement.
Disney Says No Decision Made If It Will Sell ABC
The Walt Disney Co. said in a statement Thursday that it is “open to considering a variety of strategic options for our linear businesses,” but shot down a report that it was in active discussions to sell its ABC broadcast network and stations.
Mergers & Acquisitions
Morgan Murphy Media Buying TV, Radio Properties In Michigan
The purchase of eight stations from Marks Media Group includes WBKB-TV, WBUP-TV and WBKP-TV.
Byron Allen Makes $10 Billion Offer for ABC, Other Disney Networks
Comedian and media mogul Byron Allen has made a $10 billion offer for ABC and other linear networks owned by The Walt Disney Co., a spokesman for Allen and Allen Media Group confirmed.
Television
Striking Hollywood Writers, Studios To Resume Negotiations Next Week
The Alliance of Motion Picture and Television Producers, which represents the industry's studios, streaming services and production companies in union negotiations, said in a statement Thursday that it had reached out to the Writers Guild of America on Wednesday and the two sides agreed to resume negotiations next week.
Radio
AM For Every Vehicle Moves Closer To Senate Floor Vote
The AM For Every Vehicle Act is making progress in both chambers of Congress as the Fall session begins with the Senate version of the Act reaching a significant milestone recently.
CTV/OTT
Why Streaming Is Local TV's New Frontier
Local TV is alive and well and getting ready to take on the shift to streaming. What’s more, a study of over 60,000 census-weighted respondents revealed that viewers of all ages and incomes still have heart for local media, local news in particular.
Verticals
August Retail Sales Up; Non-Store Retailers Outspend Traditional Retailers In Advertising
Back-to-school purchases drove retail sales to grow again in August despite continued economic headwinds.