Headlines
Nexstar Buying Tegna For $6.2 Billion
Upon closing, Nexstar, together with its partners, will have 265 full-power TV stations in 44 states and the District of Columbia and 132 of the country’s 210 television DMAs.
BIA
Top Local TV Groups Revealed but M&A May Change the Usual Line-Up
BIA released its updated listing of the Top 25 local TV group owners ranked by 2024 revenue, which was published in a special report on TVNewscheck Nexstar Again Tops Station Groups As Consolidation Prospects Grow.
Mergers & Acquisitions
Shari Redstone Defends Paramount $16 Million Trump Settlement as 'No-Brainer'
Shari Redstone said the decision for Paramount Global, the media conglomerate she just sold to Skydance Media, to pay President Donald Trump $16 million to settle his lawsuit against CBS was a “no-brainer” — and she had expected the company to pay far more to the sitting president to make the litigation go away.
Perry Sook Singles Out Trump Administration For Making TEGNA Deal Possible (RBR subscription required)
One year ago, the mere suggestion that the nation’s largest single owner of broadcast TV stations could merge with another big over-the-air TV station group would have been laughed at as preposterous.
Television
Streaming Reaches Nearly Half of Total TV Viewing in July
Streaming’s domination of TV viewing continues to edge closer to half of the overall total, with the category hitting 47.3% for the month of July.
Radio
AM/FM Radio Boosted By Media Monitors’ Expansion Of Ad Coverage, Audio Files
From a marketing standpoint, Media Monitors’ recent decision to expand its ad monitoring to the top 250 markets, and to keep all older radio ads’ audio files available, mean a major improvement for AM/FM radio performance in media mix modeling.
KADD in Utah Is on the Air With ZoneCasting
The first commercial FM geotargeting installation in the United States is on the air.
Digital
Meta Further Consolidates Ad-Targeting Options
Meta has announced the consolidation of more detailed ad-targeting options, marking a substantial shift toward CEO Mark Zuckerberg's plan to automate ad creation – including targeting, creative and measurement – across its family of apps.