Headlines
Economic Pulse: BIA’s Monthly Quick Take for Q2 2024
I love writing this blog. Every time I sit down to gather my thoughts on what’s happening macro-economically and how that affects Local Advertising spending, I find comfort in the cyclicality of the data, and I love looking back on what we expected to happen to see if it came to fruition.
Paramount Skydance merger falls apart
Just about a week after reports spread of a final Paramount Skydance merger, Shari Redstone ends acquisition talks.
Mergers & Acquisitions
Station Trading Roundup: 3 Deals, $1,258,000
The purchase of five stations by Quad Marketing Group tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
Larry Patrick Files To Take Sole Control Of Legend Communications.
Longtime media broker Susan Patrick is scheduled to begin serving a 15-month prison sentence on June 19 for filing false tax returns, and in the meantime her former husband, Larry Patrick, is asking the Federal Communications Commission to transfer full control of the 17 stations owned by Legend Communications to him.
FCC
FCC Tightens Disclosure Rules for Foreign-Sponsored Airtime
The FCC has voted 3-2 to introduce new rules that mandate broadcasters verify that airtime lessees are not affiliated with foreign governments.
Television
Why Shari Redstone called off talks with David Ellison’s Skydance on Paramount deal
After weeks of endless speculation about the future of Paramount Global, and more than half a year of grueling negotiations, the heiress called off talks with David Ellison’s Skydance Media, astonishing the industry and raising questions about the future of her family-controlled media empire.
David Ellison Addresses Paramount Deal, Comments on Shari Redstone
"I have great respect for the legacy of Paramount, value our ongoing partnership and wish them the best," he added in the note, which was obtained by The Hollywood Reporter.
Media
Next Gen ATSC 3.0 Warning System Deployed at FEMA Center
The NextGen Video Information Systems Alliance (NVISA) and the Advanced Television Systems Committee (ATSC) have struck a strategic partnership with Federal Emergency Management Agency’s Integrated Public Alert and Warning System (FEMA IPAWS) to establish an end-to-end NextGen TV broadcast system at the IPAWS Technical Support Services Facility (TSSF) near the Nation’s Capital.
WWDC: How 'Apple Intelligence' Will Impact Broadcasters
I “attended” Apple’s announcement yesterday because I was curious about their AI announcement. I wasn’t disappointed – here is my summary about what Apple’s AI release means for broadcasters in a special Tuesday edition of The AI Edge.
Tech
Google launches Google TV advertising network
Google launched a new connected TV advertising network Monday. Google TV offers targeted, in-stream video inventory across more than 125 channels.