Digital Political Punch Yields Bigger 2024 Ad Growth, Says Wieser
Brian Wieser, the esteemed financial analyst focused on broadcast media and domestic ad trends, took a closer look, and he likes what he sees. In fact, Wieser has just raised his U.S. ad growth forecast for 2024. But, broadcast TV and radio leaders should not get too excited.
Gray Closes Term Loan, Revolving Credit Facility Refinancing
The refinancing, among other things, provides a new $500 million tranche F term loan with a maturity date of June 4, 2029, increased aggregate commitments under the company’s existing $552.5 million tranche of the revolving credit facility that matures on December 31, 2027 by $127.5 million.
APTS To FCC: We Are Inherently Local
A proceeding “to advance the Commission’s longstanding policy goal of supporting local journalism and broadcasters’ commitment to meet the needs and interests of local communities” is currently under consideration at the FCC. America's Public Television Stations is concerned.
LPTV Advocacy Group Seeks 30-Mile Move Rule’s End
Two draft notices of proposed rulemaking involving LPTV stations will be discussed at the FCC's June Open Meeting, and both the LPTVBA and the ATBA believe additional questions should be presented for comment and to solicit feedback from affected licensees.
WARC ‘Upgrades’ Retail Media Ad Forecast As Amazon Dominates
WARC's latest analysts shows that retail media ad spend is projected to reach $153.3 billion worldwide in 2024. What's fueling the continued growth? "Advances in off-site targeting as commerce data infuses into non-retail environments," WARC says. Yet, Amazon "continues to tighten its grip" on the dollars.
Deb McDermott-Led Standard Media To Launch Chicago RSN
In an intriguing plot twist, the owner of broadcast TV stations that unsuccessfully planned to merge with TEGNA has announced the rollout of a RSN that will become the new home of three Chicago pro sports franchises.
Pelicans Leave iHeart Again To Join Saints at Audacy
WWL Radio has reached a fresh multi-year agreement with both the NBA and NFL franchises serving New Orleans. The partnership means the New Orleans Pelicans will, once again, have a new radio home.
Former RAB Head Miles David Dies
The President/CEO of the Radio Advertising Bureau from 1966 through 1983 has passed away at the age of 98. A shiva is scheduled to honor Mr. David this afternoon in Midtown Manhattan.
A Wynn Win Deal For Sirius XM
The casino resort hotel that serves as the unofficial hub for Radio at the NAB Show is celebrating the opening of a "state-of-the-art" broadcast studio located inside its sprawling Las Vegas Strip facility. Just don't expect to see any over-the-air radio talent using the studio for work associated with an AM or FM.
A Smulyan Sale Transpires In Oklahoma
He has the same surname as Emmis Communications' CEO but is unrelated. This Mr. Smulyan acquired an AM/FM combo in Idabell, Okla., in May 2018. Six years later, he is selling the stations — to the owner of a Broken Bow FM that once saw him in the role of General Manager.
Radio Industry Leader, Auto Dealer Scott Ginsburg Dies
In 1983, he acquired his first radio station outside of Florida: WCFL-AM in Chicago. The $8 million deal was the first of many big deals involving Scott K. Ginsburg. Ginsburg would exit the radio industry in 1998, founding a Dallas-area luxury automobile dealership. RBR+TVBR has now confirmed Ginsburg's passing.
The InFOCUS Podcast: Woody Powers and Bobby Adan
What makes Colorado Springs morning hosts Woody and Bobby standout air personalities in a world where syndicated wake-up shows and reduction-in-force initiatives due to tough economic realities dominate the headlines? Find out in this fresh InFOCUS Podcast, presented by dot.FM.
Are iHeartMedia Creditors Getting Anxious Over 2026 Loan Repayment?
With shares tumbling in price over the last month, there's chatter in financial circles that some iHeartMedia creditors have retained financial and legal advisers over concerns the company's revenue dip may lead company leaders to engage in a debt restructuring.
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Winemiller Signs Off on LPTV Asset Exchange
Lowcountry 34 Media, the low-power TV station owner helmed by Jeff Winemiller, has agreed to trade a facility licensed to Monterey, Calif., to the licensee of LPTVs led by CEO Randall Weiss. In return, Winemiller is getting LPTVs in Vermont and Western Maryland.
NAB TV Board Affirms NAB’s OTA TV Commitment
The timing of the statement is curious, and comes nearly 14 weeks after the NAB's top attorney told the FCC it should scratch a plan requiring MVPDs to tell the Commission when a broadcast signal is "blacked out" for at least 24 hours due to a retransmission consent impasse.
Effectv Brings Addressable Answer To Regional and Local Advertisers
The sales division of Comcast Advertising has expanded its "Audience Addressable" product in a bit to "help" regional and local advertisers, in addition to...
Home Of the Braves’ Triple-A Affiliate? Gray Owns It
The Triple-A affiliate of the Atlanta Braves Major League Baseball, playing their 15th season at Coolray Field in Lawrenceville, Ga., are getting broadcast television coverage thanks to an agreement with Gray Television.
Consumers ‘Willing to Spend’ Even as Growth Slows
Shoppers are still willing to buy even as smaller job and wage gains and high interest rates are slowing the growth of consumer spending. That's a key finding of fresh information released by the National Retail Federation.
Rising Costs Clip Global Consumer Media Spend Trends
For the second year in a row, the growth rate for global consumer spending on overall media content and technology decelerated — a sign that the post-COVID bump seen in 2021 is slowing significantly.
Harness AI for Hispanic Sales Success
The power of AI is undeniable, and sales pros are learning how to use it to take their numbers to new heights. Still, the use of AI in business is in its infancy. That's overwhelming if you aren’t a “tech person.” At the Hispanic Radio Conference, an all-star panel delves into how you can make AI work for you.
FEC Head Wary Of FCC’s Proposed ‘Political AI’ Rules
A draft proposal that would look into whether the FCC should require disclosure when there is AI-generated content in political ads is getting the thumbs down from FEC Chairman Sean Cooksey, who believes the yet-to-be-introduced NPRM directly infringes on exclusive FEC jurisdiction.
Instreamatic Now Offering Contextual Audio Ads
Brands will now be able to engage SAG-AFTRA performers for contextual audio ads created and distributed using the Instreamatic platform under the terms of SAG-AFTRA’s new Dynamic A.I. Audio Commercials Waiver.
AI and AR Innovations for AV, Courtesy of ENCO
The ENCO team is heading back to Las Vegas, as InfoComm takes place June 12-14 at the Las Vegas Convention Center. At the event, ENCO will focus on showing off its latest live production and dynamic presentation innovations — this time for AV environments.
Point Source Audio Selects A CRO
A provider of advanced body-worn microphones has appointed a Chief Revenue Officer. He most recently served as President/CEO of Roland U.S. and as its Chief Sales Officer for North America.
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