The E.W. Scripps Co. said late Tuesday that its board determined, "following a careful review and evaluation in consultation with its financial and legal advisors," that Sinclair’s offer for $7 per share in a mix of cash and stock is not in the best interests of the company and its shareholders.
In a just-released decision, the Second Circuit overturned a New York federal district court ruling that had granted Nexstar Media Group’s motion to dismiss claims from DirecTV that it engaged in antitrust activities when it failed to reach a retransmission consent accord with the DBS provider in 2022.
Gray Media continues to grow its station stable, and in August reached an agreement to purchase 10 stations from Allen Media Group. Now, the company led by CEOs Hilton Howell Jr. and Pat LaPlatney has reached a deal to purchase a full-power television station in the Volunteer State. Kalil & Co. represented the seller.
A streaming platform joint venture between Xfinity parent Comcast and Spectrum parent Charter Communications has distributed a report with data suggesting connected TV home screen ads "drive measurable business impact for advertisers." Is this "prime real estate," or simply more highly trumpeted puffery from an industry intent on taking as many ad dollars from over-the-air TV as it can?
In a scathing critique, the Video Advertising Bureau (VAB) has lashed out at Nielsen’s "Big Data + Panel" currency, labeling it "unstable, unpredictable" and inconsistent, making it a destabilizing metric that is "decimating demographics." A Nielsen spokesperson called the report "seriously flawed and manipulated."