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Industry News

MFM Announces Speakers for 2021 Media Tax Summit

Radio+Television Business Report
4 years 2 months ago

The Media Financial Management Association (MFM) has revealed the speakers for its two-day Media Tax Summit, scheduled for March 2-3.

The virtual event will be held from 11am-1pm Eastern on each of those days.

The summit was formulated specifically for media tax professionals. Its focus is the specifics of how technological advances, the evolving workplace environment, and recent and proposed legislation have converged to transform the expectations for, and responsibilities of, the media tax department. MFM has assembled expert speakers to delve into each of these topics.

The event is co-chaired by Sinclair Broadcast Group SVP/Tax Paul Nesterovsky, TEGNA Sr. Director of Tax Sean Hetzler, and Dan McGuire, a Partner for State and Local Tax with KPMG LLP.

The Summit schedule is as follows:

Tuesday, March 2, 11:00 a.m. – 1:00 p.m. ET

CFO Panel – Expectations for Successful Media Tax Department

Moderator: Dan McGuire, Partner, State & Local Tax, KPMG LLP

Panelists: Lucy Rutishauser, EVP & CFO, Sinclair Broadcast Group; Stephen P. Gibson, VP, CFO, The Washington Post; others TBA

Federal Stimulus and Relief Legislation – Media Industry Impacts

Moderator: Louis Lazar, Tax Partner, PwC

Panelists: Paul Nesterovsky, SVP Tax, Sinclair Broadcast Group, Andrew Prior, Tax Policy Services, PwC US

 

March 3, 11:00 a.m. – 1:00 p.m. ET

 

Intersection of Tax and Corporate People Strategy

Moderator: Sean Hetzler, Senior Director, Tax, TEGNA Inc.

Panelists: Jean Nechvatal, Vice President, Human Resources, Tribune Publishing; Kristin Hansen, Director, Human Resources, Hearst Television; John Montgomery, Partner, KPMG

Trends, Opportunities, and Threats in State Taxation

Moderator: Duane Dobson, Director, Ryan

Panelists: Stephanie Do, Senior Tax Council, Council On State Taxation (COST); Alexandra Sampson, State Tax Council, Hearst; Alesia Lewis, Global Head of Tax, The Washington Post

“We are excited about the experts and topics we’ve assembled for our inaugural MFM Media Tax Summit,” said Mary M. Collins, president and CEO of MFM and its BCCA subsidiary, the media industry’s credit association. “Realizing 2021 will present unique challenges; our co-chairs have been deliberate in identifying media-specific challenges along with thought leaders to address them.”

Registration is free for MFM corporate members, $200 for each of the first two attendees from a non-corporate industry member organization and complimentary for each subsequent media industry registrant. Others, including those who work for companies that offer products, goods, or services to the media industry, must pay either the member rate of $100 (if they are members) or the non-member rate of $250 (which includes a one-year trial membership) for each Summit attendee. No refunds or credits will be given after February 26, 2021.

Registered participants are eligible to receive up to four (4) CPE credits toward their certified public accounting (CPA) license. MFM is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.

For more information, visit the MFM website.

RBR-TVBR

Sinclair’s Q4 is Great. Are Investors Fretting On Guidance?

Radio+Television Business Report
4 years 2 months ago

Sinclair Broadcast Group on Wednesday was the latest owner of over-the-air television stations to release its fourth quarter and full-year 2020 results.

Sinclair’s performance was good: Earnings per share exceeded Wall Street analyst estimates, while revenue came in line with forecasts.

Why, then, were Sinclair shares down nearly 4% upon the release of the financial report card?

Sinclair Broadcast Group on Wednesday declared a $0.20 dividend payable March 24 to holders of Class A and Class B shares of record at the close of business March 10.

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Adam Jacobson

FCC Reveals Its C-Band Auction Winners

Radio+Television Business Report
4 years 2 months ago

WASHINGTON, D.C. — The FCC today announced the winning bidders and the final bid totals in Auction 107— also known as the “C-Band Auction.”

Auction 107 net winning bids totaled $81,114,481,921 and gross winning bids totaled $81,168,677,645.  Twenty-one bidders won all of the available 5,684 licenses.

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RBR-TVBR

FCC Releases Details of EAS Proposal

Radio World
4 years 2 months ago
Current IPAWS architecture is shown in an FCC graphic.

 

The Federal Communications Commission now has released more details about its plans for improving emergency alerting.

Among other proposed changes, state EAS plans would no longer be publicly visible on the FCC website, for security reasons.

As we’ve reported, the FCC has been instructed by Congress to review the current SECC system, explore internet alerting, gather information about false alerts and take other steps.

Acting Chairwoman Jessica Rosenworcel announced this week that alerting will be on the agenda for the commission’s March open meeting.

[Read: “The FCC Will Explore Internet EAS”]

Now the 52-page draft Notice of Proposed Rulemaking and Notice of Inquiry has been released.

The NPRM would:

  • Propose rule amendments to combine the current non-optional class of WEA “Presidential Alerts” with FEMA Administrator Alerts into a new alert class called “National Alerts.”
  • Propose to amend the annual State EAS Plan reporting rule to require certification that SECCs have held a meeting in the past year, propose to provide a checklist of required information for annual State EAS Plan reports, and propose to amend the commission’s rule for review and approval or rejection of annual State EAS Plan reports.
  • Propose rules for the FEMA administrator or a state, local, tribal or territorial government to voluntarily report EAS or WEA false alerts to the FCC Operations Center.
  • Propose a rule to require repeating EAS messages when certain authorized EAS alert originators want a message repeated, and to ensure EAS Participants are technically capable of repeating.

And the Notice of Inquiry would:

  • Seek comment on whether it is technically feasible to deliver EAS alerts through the Internet, including through streaming services.
  • Seek comment on whether and how to leverage the capabilities of the Internet to enhance the alerting capabilities of the radio and television broadcasters, cable systems, satellite radio and television providers, and wireline video providers that currently participate in EAS.

Among the many items in the proposal is a stipulation that state EAS plans, which are currently accessible on the FCC website, would not be publicly available there except for names and some contact information of the SECC chairs.

This is because “disclosure of the plans, at least in form where each plan is one place and in a uniform and easily searchable format, could highlight potential vulnerabilities that malefactors could exploit, thereby potentially hindering emergency planning efforts.”

 

The post FCC Releases Details of EAS Proposal appeared first on Radio World.

Paul McLane

Total TV Advertising Declined Last Year. Broadcast TV Grew

Radio+Television Business Report
4 years 2 months ago

Here’s some obvious news from Kantar: Total TV advertising declined in 2020.

But, just how bad was the carnage at broadcast television created by the COVID-19 pandemic?

There was none.

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Adam Jacobson

House E&C Head Defends First Amendment While Attacking Media

Radio+Television Business Report
4 years 2 months ago

Is it ensuring false information that can incite and create violence and insurrection is blocked from receipt by the American public, or is it an extreme violation of Freedom of Speech?

That’s the big question emerging from Capitol Hill, where Democrats and Republications in the House of Representatives have drawn a line in the sand on how “disinformation and extremism” can be prevented from dissemination by broadcast and cable media outlets.

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Adam Jacobson

SummitMedia Inks a Futuri Technology Partnership

Radio+Television Business Report
4 years 2 months ago

An “enterprise-wide partnership” that will bring Futuri’s growth products, including TopLine, TopicPulse, Futuri Streaming, and Futuri Mobile, to all SummitMedia stations, has been forged.

“Broadcasters that want to grow their content, grow their audience, and grow their revenue are at a huge disadvantage if they don’t harness technology to compete,” said Futuri CEO Daniel Anstandig. “SummitMedia knows this and acted on it to revolutionize their go-to-market strategy with listeners and advertisers. The SummitMedia leadership team is among the best in the business, and we’re honored to partner with them.”

Randy Chase, who recently succeeded the late Bill Tanner as EVP of Programming at Birmingham-based SummitMedia, added, “SummitMedia is committed to delivering the best content to our consumers and exceptional results to advertisers, and Futuri technology like TopLine, TopicPulse, and their other solutions give us an advantage in today’s highly competitive environment. Expanding our partnership with a best-in-class technology company like Futuri helps us evolve and innovate at a time when stasis is not an option.”

RBR-TVBR

House GOP Leaders Ask Rosenworcel To Defend Press Freedom

Radio+Television Business Report
4 years 2 months ago

With Greg Walden now retired as a Member of Congress and at the helm of brand-new K Street strategic advisory firm Alpine Advisors, the Ranking Member of the influential House Energy & Commerce Commission has become Republican Cathy McMorris Rodgers, from the state of Washington.

She’s making her mark in fast fashion. And, she’s steaming mad at her Democratic colleagues for actions she and Communications and Technology Republican Subcommittee Leader Bob Latta (R-Ohio) believe put a threat to freedom of speech, and Freedom of the Press.

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Adam Jacobson

Does Entercom Have a Limbaugh Listener Magnet?

Radio+Television Business Report
4 years 2 months ago

One week ago, the wife of influential talk radio pioneer Rush Limbaugh announced that he had lost his battle with Stage 4 Lung Cancer.

With iHeartMedia offering The Best of Rush for the foreseeable future, is there an opportunity for other radio broadcasting companies — including Entercom Communications — to snag some of Limbaugh’s listening audience?

It’s a question presented by a top financial analyst to CFO Rich Schmaeling and CEO David J. Field during Entercom’s Q4 earnings call on Wednesday morning.

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Adam Jacobson

Spotify HiFi: Should Radio Be Concerned?

Radio+Television Business Report
4 years 2 months ago

During its “Stream On” event, Spotify announced that it plans to launch a Hi-Fi streaming plan offering lossless streaming in CD quality later this year in selected markets.

This announcement is significant. But, is it noteworthy and of concern to radio broadcasting companies in the U.S. and Canada?

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Adam Jacobson

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