Industry News

Just days after President/CEO David Field snapped up more shares of his company’s stock, Audacy Inc. stock on Wednesday continued its month-long downturn.

As the clock struck 1pm Eastern, AUD was down to a price last seen in late December 2020.

The price: $2.7250, reflecting a 4.4% dip from Tuesday’s trading.

If the closing price holds at this level, it would solidify a complete erasure of all 2021 share growth for the audio content and distribution company.

The latest dip sees Audacy Inc. shares fall by $1 per share since November 5, with AUD closing on that date at $3.75 per share.

Audacy’s market cap at 1pm was $385.5 million, and analysts maintain a $4.10 per share target price for AUD.

It was July 5 when Audacy stock was last at or near that price.

WASHINGTON, D.C. — The Media Bureau, together with the FCC’s Consumer and Governmental Affairs Bureau, will co-host a forum on December 2 to explore the state of closed captioning availability for online video programming.

The event will also see participants discuss ways to enhance accessibility, including the Commission’s authority to adopt new rules.

Furthermore, the Forum will explore current and prospective best practices and other existing or possible voluntary efforts that could enhance the availability of closed captioning online.

FCC Chairwoman Jessica Rosenworcel is scheduled to welcome Forum participants, while Senator Ed Markey (D-Mass.) will deliver keynote remarks.

The Forum will include two panels that will feature speakers such as television, cable, and online video programming distributors, academics and consumer advocates.

Additional details about the December 2 forum, including a full event agenda, can be found
here: https://www.fcc.gov/news-events/events/2021/12/video-programming-accessibilityforum-online-closed-captioning.

WASHINGTON, D.C. — With the nomination of Jessica Rosenworcel to formally take the Chair of the FCC unchallenged, the Senate Committee on Commerce, Science, and Transportation is expected to move forward with setting up a full Senate vote on President Biden’s pick to succeed Ajit Pai in a Committee markup session scheduled for Wednesday, December 1.

Once that markup concludes, get ready for some fireworks: Contentious FCC Commissioner nominee Gigi Sohn and National Telecommunications and Information Administration (NTIA) Assistant Secretary for Communications and Information nominee Alan Davidson will be teed up for consideration.

Their nominations are be among the most politically polarized and heavily scrutinized in ages.

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WASHINGTON, D.C. — As promised on November 19 by noted Houlihan Lokey media broker Elliot Evers, administrator of the “CXR Radio Station Trust, lawyers representing Apollo Global Management-controlled Cox Media Group and the trust have filed its Reply Comments in what’s officially “Media Bureau Docket No. 19-98” in “a timely fashion.”

To little surprise, the stance that CMG, and Evers, are taking is largely defensive, expressing the belief that poor economic conditions present an opportunity with precedent for the Commission to extend a divestiture deadline tied to Apollo’s majority ownership acquisition of Cox Media Group.

Making the argument on behalf of Evers? David Oxenford.

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Chris Imlay has been a stalwart at the Society of Broadcast Engineers for four decades. He is about to retire from that role. Read what he told us about his career and his passion for a particular musical instrument.

Also, making magic online: Buyer’s Guide offers a roundup of tools helpful for podcasting, streaming and online content delivery. John Bisset shares a tip about T-R-R-S connectors. And David DeSpain shares some shortwave memories.

(Note that his issue contains preview coverage of the IBC show, which subsequently was canceled.)

Read it here.

The post Inside the Nov. 24, 2021 Issue of Radio World appeared first on Radio World.

A cost of living adjustment is pending to the compulsory license royalty rate paid by some public broadcasters in the United States.

The judges of the Copyright Royalty Board announced a cost of living adjustment to the rate that some noncommercial radio stations must pay for the use of published nondramatic musical compositions starting in 2022.

[See Our Business and Law Page]

The COLA affects certain colleges, universities and other educational institutions not affiliated with National Public Radio. The change affects the compositions in the SESAC repertory (the performance right organization) as it relates to the Copyright Act for noncommercial broadcasting.

The rates become effective starting Dec. 23, 2021. More information can be found in the Nov. 23, 2021 version of the Federal Register.

Comment on this or any article. Email radioworld@futurenet.com.

The post COLA Will Affect Some Public Broadcasters appeared first on Radio World.

A long-time licensee of VEIL technology, Advocado has acquired that technology and 46 other patents from VEIL Interactive Technologies, an affiliate of Koplar Interactive Systems International (KISI).

The company will integrate VEIL watermarking capabilities into its data-management platform for broadcast TV and radio, while also adding detection and attribution for interactive TV and gaming. This will enable advertisers, networks and media partners to measure more accurately ad effectiveness and consumer engagement across channels.

“For decades, VEIL has been the industry standard to verify billions of dollars’ worth of media spend,” stated Jeff Linihan, co-founder and COO of Advocado, in a release announcing the deal. “We can now offer the industry a non-biased, real-time attribution and campaign-coordination platform that’s capable of measuring next-generation media experiences, at scale.”

Following the acquisition, Advocado customers will gain expanded monitoring capabilities on cable and over-the-air television, with piloting on radio and streaming audio starting soon thereafter.

The post Advocado Acquires VEIL Patents appeared first on Radio World.

LOS ANGELES — Every Saturday at 10am, listeners to iHeartMedia-owned conservative Talker KEIB-AM 1150 “The Patriot” can gain a greater sense of investment opportunities in the energy sector by tuning to “The Smart Oil & Gas Radio Show.”

The program has also been heard on iHeart’s KTRH-AM 740 in Houston, on radio stations owned by iHeartMedia, Emmis Communications, and on SiriusXM Satellite Radio. The central figure behind the show happens to be barred by FINRA, the Financial Industry Regulatory Authority, from acting as a broker or otherwise associating with a broker-dealer firm.

This explains why a group of plaintiffs have sued the four audio media companies in a Dallas Federal District Court, arguing that they should be held liable, in some way, for airing programming tied to “a known fraud recidivist.”

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WASHINGTON, D.C. — House Energy and Commerce Committee Chairman Frank Pallone Jr. (D-N.J.) and Communications and Technology Subcommittee Chairman Mike Doyle (D-Pa.) are providing additional details on a “Section 230” legislative hearing.

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With Audacy Inc. shares just five cents higher than where they sat on January 4, the company’s Chairman and President/CEO has acted by acquiring nearly 120,000 shares of stock in the audio content and distribution company he leads.

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