Headlines
BIA’s Ovadia: Political Fundraising Keeps Pace To Drive $12B In Spending
In the latest blog post from BIA Advisory Services VP of Forecasting & Analysis Nicole Ovadia, the political advertising vertical remains strong as of the second quarter of 2024.
Edison Says Sports Audio Listeners Are Devoted Fans Who Spend
Radio and podcasts occupy a major place in the American sports fandom landscape, with 64% of sports fans saying they frequently or occasionally listened to sports audio content throughout the last year — with AM/FM radio the most popular consumption channel.
Mergers & Acquisitions
Entravision Spins Its Digital Ad Rep Business
In June 2021, a company largely known as a Hispanic-focused multimedia company with revenues fueled by strong digital growth, primarily across Spanish-speaking territories, began a revenue diversification effort that saw it acquire a Singapore-based online advertising and technology company.
WKLB Is Sold … The AM, That Is
It shares its call letters with an FM in Boston offering Country music that is owned by Beasley Media Group.
Television
Report: Urban One Considers Bid For Atlanta-Based TV Network
Urban One, fresh off the release of its delayed full-year 2023 and first-quarter 2024 earnings reports, is exploring a possible acquisition of E.W. Scripps-owned Bounce TV.
Digital
X Has Highest Rate Of Misinformation As A News Source, Study Finds
A new study published by Pew Research shows that X, the microblogging app previously known as Twitter, has the most devoted following of news-seekers in the social media landscape.
FCC
This Week in Regulation for Broadcasters: June 3, 2024 to June 7, 2024
Here are some of the regulatory developments of significance to broadcasters from this past week, with links to where you can go to find more information as to how these actions may affect your operations.
FCC’s Annual Fee Proposal Would Cut Radio Costs By 6%.
The radio industry is poised to pay less in annual regulatory fees to the Federal Communications Commission this year, with the agency’s proposal rollback the annual fee by 6% across most classes of AMs and FMs.
Verticals
Democrats Spending Heavily In NC, Where Trump Won Twice.
North Carolina and its 16 electoral college votes are in play in this fall’s race for the White House, and spending in the state so far reflects its battleground status.
BOOM: Retail is Rising!
Shopping center occupancy rates have dropped for the first time in a decade. According to Cushman & Wakefield, the retail vacancy rate is 5.4%, as reported in the New York Times