Headlines
Media Companies Have Slashed Over 20,000 Jobs In 2023
The media industry was beset with a series of layoffs impacting a number of sectors in 2023. Earlier this month, Challenger, Gray and Christmas, an outplacement firm that tracks employment figures, said over 20,000 media jobs have been eliminated this year.
Radio Stations Seek Ownership Deregulation From FCC
It’s not just TV stations that want deregulation from the Federal Communications Commission. So do radio stations.
Mergers & Acquisitions
‘WOOK’ Completes Purchase of Low Properties In Arizona
In December 2007, a licensee led by John Low acquired an AM radio station licensed to Wickenburg, Ariz., from Richard and Joann Peterson for $500,000. Today, that facility is based in Apache Junction, and boasts an FM translator in Payson, Ariz.
Television
WPVI-TV ‘Action News’ Helicopter Crash Kills Two
A helicopter pilot and a photographer working on behalf of the ABC Owned Stations broadcast TV property serving Philadelphia were killed Tuesday evening after their chopper crashed in Washington Township, N.J.
Nielsen: Thanksgiving Holiday Boosts Broadcast Viewing TV Share
Broadcast’s share of the TV audience grew for the fourth consecutive month in November while cable and streaming lost share according to Nielsen’s The Gauge
Radio
Do You Believe In Radio? Prove It
Do you believe that radio works? How long would I have to listen to your station before I heard a mention of or a promotion that included Facebook, TikTok, or Instagram? “Follow us on Instagram!” “See the details on our Facebook page.”
WKSU Puts MaxxCasting to Work in Ohio
A MaxxCasting System from GeoBroadcast Solutions is serving noncommercial FM station WKSU in Cleveland, improving its signal and audience reach in northeast Ohio. It went on the air in February.
Media
Tentative Deal Between Diamond Sports Group and MLB Reportedly Pays 9 Teams Their Full Bally Sports Bill, While the Twins, Guardians and Rangers Get Take-It-or-Leave-It Cut-Rate Offers
Major League Baseball has reportedly also floated a provision that would have it seize Diamond's 20% stake in the YES Network if the bankrupt RSN subsidiary reneged on the terms of the agreement
Amazon+Diamond, TV Sports Advertising and The Benefits of Reach
Yesterday, the Wall Street Journal reported that Amazon “is in talks to invest” in Diamond Sports Group, which owns and operates 19 former Fox Regional Sports Networks, including broadcast rights for 42 different NBA, MLB and NHL teams across the United States.
Verticals
FDA Adopts New Rules On Radio And TV Ads.
The Food and Drug Administration has adopted new rules designed to ensure that prescription drug ads clearly state the name of the drug and list its side effects in a “clear, conspicuous, and neutral manner” to help consumers sort through the litany of claims they hear on commercials in the growing ad category.
