Headlines
A New Consolidation Surge Is Coming To Station Group M&A. Expect The Unexpected
As M&As start to kick off, station deals will need to be accretive. Those deals will also be idiosyncratic and have varying multiples, if multiples can even be calculated.
AM/FM Radio Continues To Dominate In-Car Listening
There’s good news for AM/FM radio when it comes to listening in vehicles. Cumulus Media/Westwood One Audio Active Group’s annual analysis of Edison Research’s quarterly “Share of Ear” report of in-car listening trends, overall, and broken down by ad-supported audio or by vehicle brand, shows AM/FM radio remains far ahead of its audio competition, and has rebounded to pre-COVID listening levels.
Mergers & Acquisitions
Nexstar May Be Nearing Deal for Tegna
A deal seeing Nexstar Media Group buying Tegna could be finalized soon.
Television
Sinclair Launches Comprehensive Strategic Review Of Broadcast Business
The company says it will simultaneously evaluate separating ventures through a spin-off, split-off or other transaction.
Radio
Beasley Media Group Declares 'Digital-First' Strategy
“Digital-first is our guiding strategy moving forward. As traditional radio advertising dollars soften, our focus remains on expanding the digital side of our business – an area that continues to grow. This is what our clients and listeners want and expect from us, and we are committed to delivering it,” Beasley told Radio Ink, after the interview debuted on Monday.
FCC
FCC Embarks on Major Reexamination of Emergency Alert Systems
Agency is seeking public comments on ways to build a more effective and efficient alerting system