Headlines
BIA Says Easing Local Radio Caps Would Spur Programming Diversity.
A new BIA Advisory Services study finds that increased local radio ownership continues to be associated with greater programming diversity, reinforcing conclusions first reached after the 1996 Telecommunications Act.
Mergers & Acquisitions
Deal Digest: Momentum Broadcasting Bulks Up In Fresno.
Ketlande Felix-Veillard’s Glory to El Shaddai Radio Stations has filed a $600,000 deal to buy ethnic “Radio Nouvelle Lumiere” WPBR (1340) from Sam Rogatinsky’s Palm Beach Radio Group.
New York hedge fund approached by Warner shareholder to buy CNN
A prominent New York investor has been approached by at least one major Warner Bros Discovery shareholder to acquire all or part of its cable television assets including CNN, said people briefed on the matter.
Trump Media to Merge With Nuclear Fusion Company TAE in $6 Billion Deal
Trump Media & Technology Group, the parent company of Truth Social, announced a merger agreement with nuclear fusion company TAE Technologies in an all-stock deal valued at more than $6 billion.
Television
Death Of The Daypart: How Broadcasters Are Operationalizing A ‘News Everywhere’ Strategy
Leaders from Hearst Television, NBCUniversal Local, CBC and Fox Television Stations told a NewsTECHForum panel Tuesday that the era of prioritizing one platform over another is over and it’s time for a ruthless reimagining of the newsroom.
Radio
As Google and Meta Fall Short, Radio Reclaims Main Street Trust
Google and Meta promised Main Street businesses precision, simplicity, and scale. What many got instead were rising costs, shrinking returns, and customer support replaced by algorithms. As both platforms drift further from the needs of local advertisers, radio’s digital sellers are stepping into the gap.
FCC
Carr Stands Up for His Policies in Senate Hearing
FCC Chairman Brendan Carr appeared before a Senate oversight committee on Wednesday and faced harsh criticism by Democrats on various topics including threats against TV broadcasters for carrying ABC comedian Jimmy Kimmel. One senator said Carr should resign.
NAB Again Asks FCC To 'Modernize' Its Radio Rules
It’s the end of the comment period for the long-delayed 2022 Quadrennial Review of the FCC’s rules, and that’s led the NAB to reiterate its calls for the Carr Commission to modernize outdated local radio ownership rules.