Headlines
Hearst, A ‘Disciplined Buyer,’ Says It Doesn’t Need Growth To Square Off Against Nexstar-Tegna (TVN+ subscription required)
Hearst Television President Michael Hayes says scale isn’t necessary for its own sake in broadcast’s consolidating future and that opportunities abound in localism and AI.
Mergers & Acquisitions
David Ellison Invited to Testify at Hearing Over Paramount Merger
So far, the Paramount CEO has declined invitations to testify as he looks to complete the $111 billion megadeal. Lawmakers are turning up the pressure.
Local TV giant Nexstar in court over Tegna deal
On paper, local TV giant Nexstar's $6.2 billion acquisition of rival Tegna worked like a dream. Announced in August and approved in March, the deal moved briskly through bureaucratic review of significant antitrust concerns with minimal concessions and public debate.
Television
Nexstar Media Group to Use NewsNation as Local Network News Source
Nexstar Media Group is looking to use NewsNation as its source for nationally produced packages on its local TV stations.
Radio
Close to Care, Closer to Action: Why Community Pharmacies Win with Radio
Community pharmacies are evolving into frontline healthcare destinations – delivering everything from prescriptions to preventive care and wellness support.
Quu: Radio's In-Car Presence Peaks, But Discoverability Dips
For the first time since the study began, both AM and FM radio appear in all 100 of America’s top-selling new vehicle models, per Quu’s third annual In-Vehicle Visuals Report, but a growing discoverability gap suggests radio’s “free ride” may be in jeopardy.
Out of Home
Viant Will Buy TVision for $40M
Viant, a public adtech company whose tech helps brands buy ads online and on streaming, has agreed to acquire TVision for $40 million.
Print Media
The Baltimore Banner’s parent nonprofit acquires the Pittsburgh Post-Gazette
The acquisition, which will take effect May 4, is the latest example of a metro daily transforming into a nonprofit to survive.