Headlines
BIA Lowers Expectations for Total Local Advertising in 2023
Digital advertising has contracted, and interest rates are affecting spend in big local business categories. These issues (and others) support lowering our estimate of total local advertising to total $161.7 billion for the year, down from our original estimate of $165.7B.
Top 30 Station Groups: Nexstar Retains Top Spot After Standard General-Tegna Deal Dies
When the $8.6 billion buyout of Tegna by Standard General was killed by an overlong and deal-breaking FCC review process at the end of May, that left the top two slots in the station groups ranks reverting to what they were a year ago, while Sinclair moved past Gray for No. 3 on the TVNewsCheck-BIA Advisory Services annual list of the television station groups ranked by total revenue.
BIA
A Big Revision Downward From BIA On 2023 Local Ad Dollars
Revised data has just been released by BIA, and the year is turning out a little less fiscally robust and what was envisioned.
Mergers & Acquisitions
Station Trading Roundup: 1 Deal, $1,060,000
The purchase of KTVV Hot Springs, KHMF-LD Fort Smith and KKAF Fayetteville, all Arkansas, by Bridge News tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
Ohio Cluster Sold
GERALD EUGENE DAVIS (PIKETON COMMUNICATIONS) is selling Top 40 WXZQ (HITS NOW!)/PIKETON, OH and DAVIS' CRYSTAL COMMUNICATIONS CORPORATION is selling Country WXIZ (100.9 CASH FM) and Southern Gospel WXIC-A-W240DZ/WAVERLY, OH to JACKSON COUNTY BROADCASTING, INC. for $750,000.
Radio
Supreme Court Decision May Help Radio Halt Pending ASCAP–BMI Rate-Setting Appeal.
The U.S. Supreme Court has just given the radio industry a new argument in its effort to stop the rate-setting proceedings for ASCAP and BMI from moving forward while an appeals court decides whether fees for the two performance rights organizations should be set at the same time.
AM Matters: This CO Mayor Saved His Town's Station
Radio Ink sat down with Kirk and his business partner and radio industry vet Dan Cochell about why they insisted on saving this small AM and why AM still matters.
You Can Take The Boy Out Of Radio...
When you work in radio, you view the world of audio entertainment differently than the average consumer.
FCC
FCC Levies Fine In DC Over Translator Trouble
The NALF is a result of WIN Radio Broadcasting failing to file a required form to obtain consent for using a different antenna and operating with an unauthorized antenna for its FM translator, W232DE in Potomac, Maryland.
Tech
Emmis Puts Its Dollars Into In-Game Advertising
On the new funding, Smulyan said, “In-game advertising is ready to become the next major advertising category as marketers connect their brands with billions of cloud, PC, console, and mobile gamers worldwide. We look forward to partnering with Anzu as it delivers the technology and business system to make in-game advertising a large part of every marketer’s media buying plans.”