Headlines
Is There "Bedrock" Down There?
By Larry Rosin - A number of months ago, I took a call from a prominent radio executive asking me: “When is it going to end?” The “it” he was referring to was the decline in radio listening.
With AM Radio Hearing Set For June 6, Lawmakers Anxious To Get Answers From Automakers
House Communications Subcommittee Chairman Bob Latta (R-OH) says he’s hesitant to support an AM radio mandate in vehicles until lawmakers get some answers from the car companies.
Mergers & Acquisitions
Station Trading Roundup: 1 Deal, $1,000,000
The purchase of WSNN-LD Sarasota, Fla., by Nexstar Media Group tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
FMs In Montana And Arkansas Sold
KMMR RADIO, INC. is selling Variety KMMR/MALTA, MT to KMMR MUSTANG RADIO, LLC for $280,000.
Sinclair Sells Control of Stadium to Jerry Reinsdorf’s Silver Chalice
Regional rights for Reinsdorf’s Bulls and White Sox expire in 2024
FCC
June Regulatory Dates for Broadcasters – EEO, Rulemaking Comments, AM Congressional Hearings, and More
Though school is out for many, the FCC does not take a summer recess. Instead, regulation continues.
FCC’s Diversity Advisory Council Gets New Two-Year Charter
FCC Chair Jessica Rosenworcel is renewing the charter of the Federal Communications Commission’s advisory committee on diversity issues for another two years.
Television
Media
MLB Takes Over Padres Broadcasts Wednesday After Bally Misses Payment
Diamond Sports, which owns 19 networks under the Bally Sports banner, said in a statement Tuesday that it decided "not to provide additional funding to the San Diego RSN that would enable it to make the rights payment to the San Diego Padres during the grace period and will no longer be broadcasting Padres games after Tuesday."
Verticals
Political Ad Spending Outpacing 2020 Election By $200 Million
Broadcast executives are so far cautious about how much political ad revenue to expect this year. But in a positive sign for where things may be heading, the ad-tracking firm AdImpact says the 2024 federal election cycle is currently outpacing the 2020 cycle by $200 million.
Restaurants see strong summer sales, while consumers fear inflation
Restaurants are expecting a boom in sales this summer, but consumers are still concerned about inflation.
