Headlines
Scale, Save, and Succeed in 2024: Interview with SEBPO’s Todd Handy on Digital Revenue Strategies
Todd Handy, SEBPO’s chief revenue officer joined BIA’s Rick Ducey for a Leading Local Insights Podcast, Unraveling the Future of Local Media Revenue, to discuss how traditional media companies can grow digital revenues both in Q4 2023 and more so in 2024.
Mergers & Acquisitions
SBS Says Conspiracy, Deception, And A ‘Vulture’ Price For Mega TV Was Voz Media’s Gameplan
Further details have been revealed in the Spanish Broadcasting System (SBS) lawsuit against Voz Media over the terminated $64 million sale of Mega TV. The lawsuit alleges that after nearly a year of discussions, negotiations, due diligence, and the execution of numerous purchase agreements and extensions, Voz Media failed to close the transaction after a series of deceptive delays, resulting in significant financial, legal, and reputational harm to SBS.
Deal Digest: Closings In North Carolina, Michigan, And Pacific Northwest
The Power Foundation has closed a $75,000 deal to buy WRNC, Rockingham, NC (88.3) from Pathway Christian Academy. The station is a construction permit. Broker: Bob Heymann, Media Services Group
Television
Delta Air Lines brings multichannel live TV to domestic routes
Delta Air Lines, working with Viasat and DIRECTV, is launching a 19-channel live TV service on some Boeing 767-400 aircraft flying select long-haul domestic routes. This is the first time a U.S.-based airline has integrated live TV into seatback screens on widebody planes.
Radio
AM/FM Top In-Car Audio Choice, Even In Vehicles With CarPlay or Android Auto
As more vehicles roll off showroom floors equipped with Apple CarPlay or Android Auto, these smartphone-based infotainment systems give consumers more audio options to choose from.
KPWR Installs a MaxxCasting System
From Radio World’s Who’s Buying What page: “Power 106” in southern California has improved its coverage north of Los Angeles with a MaxxCasting system from GeoBroadcast Solutions.
Pay TV
Cable/Satellite Users Are ‘Quiet Quitting’ But Sports Keeps Them On Board
Cutting the cord to a cable or satellite service is often a pretty overt and defined act for consumers. But new data from Inscape suggests that the ongoing migration from conventional cable and satellite services to streaming platforms is really a more nuanced matter than the black and white term “cord-cutting” often suggests.
Media
Be Aware Of Legal Ramifications Surrounding Use Of ‘World Series’ Phrasing
Most broadcasters know about the need to refrain from using the words Super Bowl when creating promotions or marketing messaging around the NFL season finale.