Headlines
Radio Leads M&A Activity As Total Deal Values Hit Six-Month Low
Despite a six-month low in overall media and telecom transaction value, radio emerged as a bright spot in February, driving six of the ten largest deals in North America according to S&P Global Market Intelligence.
Appeals Court Hears Broadcasters’ Challenge To FCC Media Ownership Limits.
The fate of radio ownership limits is now in the hands of a three-judge panel, who on Wednesday heard a challenge brought by broadcasters to the latest decision-making by the Federal Communications Commission.
Mergers & Acquisitions
Deal Digest: Salem Sale Price Tag: $2 Million
Malama Media Group has filed a $2 million deal to buy six stations form Salem Media Group, including “Country 97.5” KHCM-FM, classic hits “Decades 107.9” KKOL, religious “99.5 The Word” KGU-FM, sports “Hawaii Sports Radio AM 760” KGU, news-talk “The Answer AM 690” KHNR, and ethnic KHCM (880).
Television
Why Some TV Stations May Start Ditching Local News
For decades, local news has been the backbone of broadcast television stations, serving as both a public service and a critical revenue stream.
Media
Report: Cuts At Federal Agencies Weigh On Ad Industry.
The widespread cuts in federal government spending driven by the Trump administration are bringing some not-so-savory consequences for ad agencies as scrapped contracts and paused marketing campaigns force agencies to slash jobs and find new areas of focus, according to AdAge.
FCC
Starks' departure sparks new questions about FCC
With Democratic FCC Commissioner Geoffrey Starks announcing his plans to leave the agency this spring, FCC Chairman Brendan Carr is that much closer to having a Republican majority on board. How much he needs that majority is another question.
Carr Asks Key Congressional Leaders For Spectrum Legislation
Maintaining and extending “U.S. leadership in wireless” has been one of FCC Chairman Brendan Carr‘s top priorities since he joined the Commission in 2017.