Headlines
FCC Blames Courts For Media Ownership Review Delays, Says Law Doesn’t Include Deadlines
Delays occurred, but they were the fault of court challenges and for that reason the Federal Communications Commission says its failure to wrap up the 2018 quadrennial media ownership proceeding “does not involve egregious, or even unreasonable, delay.”
With 36% Of All Listening, AM/FM Radio Is Top Audio Source In U.S.
AM/FM radio is the top audio source in the U.S., with double the time spent listening of any other audio platform, according to the most recent quarterly Share Of Ear update from Edison Research.
Mergers & Acquisitions
Deal Digest: General Manager Becomes The Owner In Ohio; iHeart Adds Atlantic City
Atlantic City-Cape May, NJ – iHeartMedia has filed a $2 million deal to buy hot AC WAYV (95.1), classic rock WZXL (100.7), CHR “99.3 The Buzz” WZBZ, and urban AC WTTH (96.1) from Gary Fisher’s Equity
Report: Audacy Agrees to Sell Assets in Boston, Phoenix
Audacy has reportedly entered into agreements to divest assets in both Boston and Phoenix, indicating a strategic move amidst ongoing negotiations with its creditors.
KKR To Acquire Simon & Schuster For $1.62B
The greater media industry learned Monday that investment firm KKR is acquiring publisher Simon & Schuster from Paramount Global for $1.62 billion in an all-cash transaction.
STG to Acquire Avid Technology for $1.4B
Following reports that Avid was in talks with a private equity group regarding a potential sale, Avid has announced that it has entered into a definitive agreement to be acquired by an affiliate of STG.
Television
Married.... With Networks: Nexstar CEO Says It Has The Next Fox TV
Does CW now look like a model to become a new Fox Network? And if so, what kind of animal might be a reference point?
Disney’s Iger Coy About Linear TV Future Plans
Bob Iger: “So, anything that is to be done would be done with an eye toward maintaining a rich flow of content to fuel our growth business — and that would be streaming.”
Radio
How Can Radio Ads Drive More Sales For Clients? The Ad Copy Is A Good Place To Start
Marketers like to say radio is good at so-called top of the funnel metrics, like brand awareness and familiarity.
FDA Proposes Changes To How Pharma Can Advertise On Radio
The FDA is moving ahead with a proposal to revise regulations concerning radio prescription drug advertising.
CTV/OTT
Hot Takes: Local TV's Transformation In The Age Of Streaming
Next month TVREV is going to be rolling out our newest special report on Local TV and Streaming. We’ve spoken to dozens of key executives from around the industry to get their takes on how local broadcasters and local advertisers are handling the shift to streaming and what they see in the years ahead.
FCC urged to steer clear of TV streaming services
Two House Republicans are urging the Federal Communications Commission (FCC) to resist the urge to apply "1990s-era laws and regulations" to virtual multichannel video programming distributors (vMVPDs).