On October 10, Spanish Broadcasting System sued the entity that had agreed to acquire its Mega TV operation for $64 million, on the grounds that it did not have the proper funding in place to complete the transaction in the timeframe contractually agreed upon by the two parties.
Many in radio have surrendered to the notion that when the commercial break comes on, the listener tunes out – maybe to their own thoughts, maybe to another station entirely – but as it turns out, that’s not the case at all according to a MARU/Matchbox survey.
Time is running out says the Federal Communications Commission as it reminds stations that the window will close on Dec. 1 for filling broadcast biennial ownership reports, Under FCC rules, all radio stations must file the biennial ownership reports with the Media Bureau in odd-numbered years.
If traditional pay-TV services were hoping that the subscription price hikes by the leading streaming services would send consumers back to cable and satellite, it looks like they could instead be in for more bad news.
Many stations are penalized because a portion, maybe even a majority, of its audience is outside of the 25-54 demographic. As most of the people reading this already recognize, we need to convey the value of consumers who are not 25-54.