Headlines
Here Are The Markets With The Largest Proportion Of AM Radio Listeners.
As broadcasters and lawmakers in Washington await word from nine automakers on their plans for AM radio in their vehicles, Nielsen is out with a list of the 141 markets where AM radio is listened to monthly by at least 20% of the radio audience.
iHeartMedia CEO Bob Pittman sings radio’s praises, says it’s as ‘strong as ever’
Bob Pittman, who ran MTV, AOL, and Six Flags before helming iHeartMedia as CEO, weighs in on Burning Man, radio, and why he’s one of the few executives who believes in remote work.
Mergers & Acquisitions
Station Sales Week Of 6/2
The properties of Ed Stolz’ various holding companies will be involuntarily transferred to the bankruptcy court ordered trustee Michael W. Carmel.
St. Louis, Fort Lauderdale FM Translators Sold
KASPAR BROADCASTING CO. OF MISSOURI is selling K268CT/ST. LOUIS to EAST CENTRAL BROADCASTING, LLC for $550,000 ($300,000 cash, $200,000 in a promissory note). The primary station is Americana/Triple A KWUL (101.7 K-WULF)/ELSBERRY, MO.
Bill Sours Pours Dollars Into a Mackinaw City FM
It serves one of the most beautiful locales in Michigan, and is licensed to Mitten News LLC. Pending FCC approval, however, this Mackinaw City-licensed 50kw Class C2 FM will become property of Bill Sours.
Television
New Effectv Research Shows Summer TV Advertising May Boost Share of Voice By As Much as 36%
Effectv’s analysis shows some marketers reduce advertising during the summer, despite the strong, continued consumption across all seasons.
Radio
Automobile Was Common Denominator For Memorial Day Weekend, Survey Says.
Besides going to barbecues, memorials, parades, and the beach, respondents also reported taking part in consumer activities, including shopping, dining out, seeing a movie, or going to an amusement park. Not everyone had the good fortune of three days away from the job as 16% of people reported working over the holiday weekend.
Competitors
Sinclair Broadcast Group Officially Becomes Holding Company Sinclair
Stock-ticker symbol remains SBGI
Judge: Diamond Sports Must Pay Full Value Of Contracts To Diamondbacks, Guardians, Twins, Rangers
Judge Christopher Lopez made the ruling on Thursday in Houston. Diamond Sports, which owns 19 networks under the Bally Sports banner, has been in Chapter 11 bankruptcy proceedings in the Southern District of Texas since it filed in March. Diamond said in a financial filing last fall it had debt of $8.67 billion.
FCC
What Would A Fifth FCC Commissioner Do? A Lot, With Plenty Of Unfinished Business In Limbo
The coming weeks will bring a confirmation hearing for Anna Gomez, the Democrat selected by President Biden to fill the opening on the Federal Communications Commission. It means that within the next few months, the Commission is expected to have a full contingent for the first time since January 2021. It will also break the 2-2 split that has kept FCC Chair Jessica Rosenworcel from moving forward with several pending issues.
CTV/OTT
Parks: Streaming Video Churn Rate Holds Steady at 47%
High churn rates mean constantly shifting strategies for acquiring subs
Despite Smart TV's Dominance, Most Connected TV Viewing is on Streaming Devices
LRG: Nearly 9 out of 10 U.S. households own a connected TV