Headlines
Ad Forecast Estimates for Television in 2024 Bolstered by Political, Auto and Legal: BIA’s CEO Discusses Business Outlook at TVB Forward 2023
Looking ahead to 2024 and our expectations for the television industry, Tom Buono, founder and CEO of BIA, keynotes a business forecast session at the TVB Forward Conference taking place Thu, Sept. 21, 2023.
It’s Official: Lachlan Murdoch To Succeed Retiring Father
Following a career that began nearly 70 years ago in 1954, Fox Corporation and News Corporation announced today that Rupert Murdoch is stepping down as chairman of each board, effective as of the upcoming Annual General Meeting of Shareholders of each company in mid-November.
BIA
BIA Estimates 2024 Local Broadcast TV Ad Rev To Top $23.8B
That total will be bolstered by political and increased auto and legal ad spending. BIA CEO Tom Buono addresses television’s share of the local advertising marketplace for key ad spending verticals.
Mergers & Acquisitions
Deal Digest: iHeart Buys Denver Translator
Morgan Murphy Media has filed a $13.375 million deal to buy six radio stations, two FM translators, and three TV stations from Marks Media Group. Wolf” WOLV, and hot AC “The Lift” WCCY (1400) in Houghton, MI.
FCC
FCC Pledges To Use Bigger Budget To Bust Pirates
FCC Chairwoman Jessica Rosenworcel gave her first budget presentation as Chairwoman to the Financial Services and General Government Subcommittee this week. In her address, she praised the FSGG for adding the full $410.743 million requested by the FCC in its 2023-2024 Fiscal Year bill.
Television
Why would Disney want to sell ABC?
After Walt Disney Co. completed its landmark acquisition of ABC in 1996, the entertainment conglomerate did not waste any time integrating the TV network into its corporate culture.
In 2024, Spot TV Is All About Political
Stations expect to reap $5-plus billion from political spending on linear and CTV platforms next year.
Radio
Hispanic Audiences ‘In Focus’: Nielsen’s Media Consumption Story
It’s been stated for decades that the Hispanic community is not just a key demographic segment, but a dynamic force shaping the future of consumer behavior and brand engagement.
How Radio's Best Managers Get The Best Share of Political Spend
The October 2023 issue of Radio Ink includes our annual list of the Best Managers in Radio. As always, we asked our honorees to answer questions about station management. One of our questions concerns spending on political advertising
