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Industry News

Mixed Movement for Media Stocks

Radio+Television Business Report
4 years 1 month ago

U.S. financial markets finished Wednesday’s trading session on a mixed note, with the Dow Industrials rising 16.02 to 33,426.26 and the Nasdaq dipping 9.54 points to 13,688.84.

Companies such as The E.W. Scripps Co. were in the green, with a $20.16 finish, as Nexstar continued its impressive growth with a $145.71 conclusion to the day’s trading.

In contrast, TEGNA was down 30 cents to $19.90 after a fresh five-year high.

Also down: several radio broadcasting companies. Saga Communications shares are at $21.25, dipping 55 cents. Audacy, formerly Entercom, shed 17 cents to finish at $5.07.

RBR-TVBR

Peter Dunn, David Friend Leaving ViacomCBS

Radio+Television Business Report
4 years 1 month ago

In late January 2021, the President of CBS Television Stations and the stations’ SVP of News were suspended while parent ViacomCBS investigated an increasing number of allegations against them for gender and racial misconduct.

It appears the claims, first reported by Meg James for the Los Angeles Times, are meritorious enough to lead ViacomCBS to severe its ties with the pair.

In a statement shared by CBS News, the company confirmed that Peter Dunn, who led the CBS O&Os, and news division leader David Friend will not return to their positions and will be exiting the company.

“On an interim basis, Bryon Rubin will continue to run the stations group while Kim Godwin will continue her oversight of Stations’ news operations until new leadership is in place,” ViacomCBS explained.

The announcement comes as an external investigation into CBS Television Stations management, conducted by Keisha-Ann Gray at Proskauer Rose, is still in progress, ViacomCBS says.

James’ reporting first brought to light stories that Dunn and Friend allegedly bullied female managers and blocked efforts to hire and retain African American journalists. In particular, James focused on KYW-3 and WPSG-TV in Philadelphia. Dunn ran the stations from 2002-2004, before a five-year run as the head of WCBS-2 in New York. At KYW-3, 45% of the station’s on-air reporters and anchors are Black, indigenous or other people of color.

The immediate response to her article, which followed a separate report questioning the $55 million purchase of WLNY-55 in Nassau-Suffolk and how Dunn received a membership at an exclusive golf club owned by the station’s seller as part of the transaction, was explosive. National Association of Black Journalists (NABJ) representatives reportedly met with members of the ViacomCBS C-Suite that James identified as CBS Entertainment CEO George Cheeks and ViacomCBS EVP Marva Smalls, who leads all D&I initiatives at the company.

According to the Times, NABJ leaders demanded that Dunn be dismissed, along with Friend. Friend had been in his role as SVP/News since June 2010 and was also WCBS’s News Director — a role he’s held since 2006.

The NABJ took issue with the hiring practices at WCBS-2, which “only recently” hired a full-time Black male reporter after five years without one. The NABJ also takes WCBS-2 to task for having one full-time Black female reporter and one Black news producer in New York, a market where more racial diversity in the newsroom would reflect the total viewership.

The departure of Dunn concludes a tenure that included a November 2019 honor at the Giants of Broadcasting & Electronic Arts Awards. That award recognizes women and men who’ve had a profound and lasting effect on the broadcast TV industry. He was also selected by RBR+TVBR readers as one of Broadcast Television’s Best Leaders in 2020.

Adam Jacobson

Mix Maine Media Now Owner, and Operator, Of Radio Trio

Radio+Television Business Report
4 years 1 month ago

It has operated an AM and two FMs in the Augusta-Waterville, Maine, market since 2007.

Now, it is converting this long-standing LMA into outright ownership.

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Adam Jacobson

Deciphering When a Commercial Station Must Pay Noncommercial Fees

Radio World
4 years 1 month ago

The Federal Communications Commission again weighed in on a tricky and confusing situation — is it within the rules for a commercial translator to be exempt from paying commercial renewal fees if the licensee of the translator is a nonprofit?

The commission has weighed in on this issue several times in the last few weeks. In the current case, the issue was again brought to light by Triangle Access Broadcasting which objected to the renewal application being filed by Educational Media Foundation (EMF). Specifically, Triangle objected the renewal of EMF’s translator W293CM in Graysville, Ala.

[Read: FCC Rejects Call to Let Two Licenses Expire Over Nonprofit Kerfuffle]

Triangle alleged that since the EMF translator is airing commercial advertisements — which are not permitted under the FCC Rules for noncommercial educational stations (NCEs) — it hasn’t duly paid the required application and regulator fees for the translator. Triangle said since the translator is licensed to retransmit the commercial station WERC(FM), owned by IHM LLC, then EMF should not be extended the exemptions that are offered to NCEs. In short, the translator is a commercial translator, Triangle said. As a result, the Media Bureau should press EMF to pay the required commercial broadcasting fees upon its renewal or that its license should be allowed to expire.

EMF responded to say that the Triangle argument was moot. EMF said that not only is it exempt from paying regulatory fees because it is a 501 (c)(3) nonprofit but asked where was this argument when it filed previous applications?

The chief of the Audio Division of the Media Bureau responded by reminding both parties that it has the authority to renew applications for those stations that serve the public interest, for those stations which have not committed any serious violations to the Communications Act of 1934 and for those stations that do not exhibit a serious pattern of abuse. The bureau also pointed the licensees to Section 8 of the act and Section 1.11 of the FCC rules that cover the process of assessing and collecting application fees as well as the exemptions that exist for some of those fees.

In this case, as in others of recent weeks, the bureau first looked to whether the primary station is NCE or commercial. In this case, Triangle is correct: the EMF translator is rebroadcasting a commercial station owned by a commercial entity. If the facts ended there, the translator would not be entitled to claim the NCE exemption.

However — and here is the crucial part — Section 1.11 of the rules also provides a separate exemption based on the nonprofit status of the licensee rather than the station. “That exemption is available to those licensees who have established their nonprofit status under Section 501 of the Internal Revenue Code,” wrote Albert Shuldiner, chief of the Audio Division, in its order. And the bureau confirmed that EMF is recognized as a nonprofit under IRS code. “Because nonprofit entities are exempt from regulatory fees, we conclude that EMF is not required to pay regulatory fees for the translator,” the bureau said.

As a result, the bureau agreed to renew the license for W293CM and denied the objection filed by Triangle.

 

The post Deciphering When a Commercial Station Must Pay Noncommercial Fees appeared first on Radio World.

Susan Ashworth

Pioneering KPLR Leader Ted Koplar Dies

Radio+Television Business Report
4 years 1 month ago

“His career was filled with accomplishments,” begins a three-minute report that encapsulates as best as possible the life and professional career of Ted Koplar.

Koplar, whose family helped make KPLR-11 in St. Louis one of the nation’s most-viewed independent television stations, died April 4.

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Adam Jacobson

Coming In May: A Black-Owned Media Summit

Radio+Television Business Report
4 years 1 month ago

Byron Allen has enjoyed considerable growth with his Entertainment Studios film studio and his recently formed Allen Media Group, which presently owns 14 broadcast TV stations. He also purchased well-regarded African American lifestyle and entertainment brand The Grio, in 2016.

With more growth very much part of Allen’s plans, his Allen Media Group arm is partnering with one of the nation’s biggest wireless services companies in hosting a Black-owned Media Summit for a yet-to-be determined day in May — right in the heart of Upfront time.

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Adam Jacobson

Benztown Offers Radio Merch Shop

Radio World
4 years 1 month ago

Radio imaging company Benztown has introduced a venture called Radio Merch Shop that it says can help stations promote their brands and make money or fundraise.

The service creates and operates customized “pop-up” stores where listeners can buy station-branded products online. Offerings include face masks, T-shirts, hoodies and coffee mugs.

Benztown says that for each product sold, a station earns $5 or more.

“Radio Merch Shop builds a customized, branded online merch shop and landing page for each participating station and handles order fulfillment and inventory from start to finish,” it states.

Stations provide their logo or artwork and promote their shop on-air, on the station website and via social media.

 

The post Benztown Offers Radio Merch Shop appeared first on Radio World.

RW Staff

Three Orban Products Win Nielsen PPM Approval

Radio+Television Business Report
4 years 1 month ago

A trio of products produced and distributed by Orban Labs have received Portable People Meter (PPM) encoding certification by Nielsen.

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Adam Jacobson

Consumer Sentiment On Pandemic Recovery On The Rise

Radio+Television Business Report
4 years 1 month ago

How to U.S. consumers currently feel about the COVID-19 recovery where they live?

Nielsen posed that question to a group of respondents, and it has the answer — along with a host of other data tied to one’s activity tied to health, schooling, employment, and transportation across the now 13-month old pandemic.

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RBR-TVBR

Estrella Media Planning A ‘Spring Sales Season’

Radio+Television Business Report
4 years 1 month ago

The Hispanic television industry’s Upfront parade was once a “thing,” with lavash presentations and plenty of pomp in between five-star entertainment from the top Latin music acts of the day and open bars galore.

Then came the “total market” mantra, eliminating some unique Upfront events in Midtown Manhattan. This followed the demise of some networks, including Nuvo TV and MTV Tr3s, and COVID-19’s shift of in-person events to virtual affairs.

With early to mid-May still the Upfront window for the TV industry, an upstart Hispanic media company will offer two marketer and advertiser presentations. One is entirely focused on digital opportunities — setting this company apart from its peers.

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Adam Jacobson

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