Headlines
Emmis Sets Course To Go Private, With Plans To Sell New York Radio Stations
Emmis Corp. is proposing a three-year plan that will, if shareholders approve, see CEO Jeff Smulyan achieve his long-desired goal of taking the company private while setting it up for a post-radio future.
Awkward For Automakers: AM Listeners More Likely To Buy EVs
How’s this for an ironic twist? As many automakers rush to cut AM radio from their upcoming electric vehicles, new research shows that heavy listening to AM makes a car buyer more likely to buy EVs than someone who doesn’t.
Mergers & Acquisitions
Georgia Combo, Oregon AM Sold
PAUL and DEBRA DEEN are selling BLUEBERRY BROADCASTING COMPANY, INC., licensee of Classic Country WAJQ-F, Religion WAWO-A, W261BR, and W256DS/ALMA, GA, to NEAL ARDMAN for $225,000.
Television
Fox Corp. Completes Upfront, Sports TV Is Main Growth Driver
Fox Corp. wrapped up its upfront negotiations across all its major media platforms, with sports its major program financial gainer, according to executives close to the company.
Radio
‘Audio Outperforms TV and Digital’, Studies Involving Audacy Shows
To debunk that “tired myth that you need visual cues to impact consumer behavior,” Audacy is touting the results of two new studies that show how Audio “holds more attention than other media and drives key brand metrics.”
Broadcasters, SoundExchange Draw As Court Upholds CRB Rates
While it may not have been the results some broadcasters wanted, it could have been far worse as the US Court of Appeals for the District of Columbia Circuit ruled to uphold the Copyright Royalty Board’s rate determinations for webcasters.
CTV/OTT
Why The CW Has to Reinvent Its Streaming Strategy
Since its debut in 2006 as a joint venture between Warner Bros. and CBS, The CW primarily served as an outlet for its parents’ studios. That’s all changing now that Nexstar has purchased a majority stake in the broadcaster, putting its streaming strategies up in the air.
Digital
States Back Biden Administration In Battle Over Social Media Misinformation
A New York-led coalition of 20 states and the District of Columbia are supporting the Biden administration's request to vacate an injunction that if allowed to take effect, would prevent federal government officials from urging social-media platforms to suppress misinformation.
FCC
Here's What to Know About the November LPFM Window
FCC also plans a limited freeze on translator minor mod applications
Verticals
Issue Ad Spending Is Up Double-Digits So Far In 2023, With Radio Among The Benefactors
Presidential candidates are already spending money on advertising, with placements tracking well ahead of four years ago. Yet 2023 remains an off-election year and that means a lot more of the spending comes from issue-related ads than individual campaigns.
