Headlines
Newspaper closures increase in the US and news site traffic is down
Some 136 newspapers in the United States have closed in the past year, news deserts are expanding and web traffic to the nation’s top newspapers has dropped markedly this decade, according to a report issued Monday that struggles to find hope for the beleaguered news industry.
Warner Bros. Discovery Has Interest From Multiple Parties In Sale
Game on! With Warner Bros. Discovery in play and set to split in half next year, the company said Tuesday that it’s received unsolicited interest from “multiple parties” for the entire company as well as for Warner Bros., and is launching a review of strategic alternatives.
Mergers & Acquisitions
Saga Completes Sales of Broadcast Tower Assets
“Several income producing towers” owned until today by Saga Communications are now the property of Peduto-led GTC, thanks to a transaction that saw Michael J. Bergner of Bergner & Co. serve as the exclusive broker in this deal.
Radio
After AM Cuts, Tesla Dropping FM Radio From Entry Level Models
After removing AM radio from its electric vehicles, Tesla is now taking the next step in its quiet retreat from broadcast: eliminating FM radio altogether from its newest entry-level models, even as lawmakers in Washington push to keep AM tuners mandatory.
Study: AM/FM Radio Ads Outperform TV for Pharma Brands
Just as the pharmaceutical industry’s ability to leverage broadcast advertising may soon face new federal constraints, recent data shows over-the-counter brands achieving stronger results from AM/FM radio than from television.
Media
Study: `More Critical Than Ever' for Brands to Focus on Hispanics
While recent news has been heavily focused on Hispanic migration into the U.S., “The 2025 Hispanic Market Report” from Claritas highlights the fact that this group is an increasingly important group for brands seeking to market their products and that Hispanic-owned businesses offer a huge market for media companies seeking to sell advertising.
NAB Show New York: Broadcasting, Podcasts, And The Creator Economy.
The National Association of Broadcasters (NAB) has released new details for NAB Show New York, returning this week (Oct. 22–23) at the Javits Center. The event, a major East Coast gathering for media, entertainment, and brand storytelling, will feature expanded programming across broadcasting, streaming, sports, live events, marketing, film, and television.
