The CRTC has released its annual highlights of the nation's broadcasting sector, based on the broadcast year, which ended precisely one year ago. How did the 2022-2023 season shape up, fiscally speaking? Conventional television continued to operate at a loss during the period, as total broadcasting revenue was statistically flat.
It's a controversial matter, and as such there are presently three petitions for review of a FCC vote pending in a federal appeals court that seeks to put a stop to the restatement of data collection from broadcast licensees using Form 395-B. Privacy issues are the key concern for those seeking to stop the Commission.
A LMA-to-purchase agreement signed in August 2021 handed control of a 1kw Class C AM and its FM translator licensed to Haverhill, Mass., to the CEO of Hispanic media rep firm MNA Sales, and national Hispanic radio network Nueva Network. Now he's executing the buy.
A Class A facility serving Alexandria, La., with Adult Contemporary music, operated under a Time Brokerage Agreement with Stephens Media Group, is being sold. SMG is the hopeful owner, pending FCC approval, as it converts a lease into a owned-and-operated opportunity.
Thanks to a series of filings made on Thursday, the FCC is now in position to approve the transfer of control of National Amusements, Inc. to Skydance Media — the Southern California-based entity that intends to merge with Paramount Global and assume control of the owner of CBS News & Stations.
It's been a difficult 2024 for Loop Media, the connected TV, streaming, digital out-of-home television and digital signage platform focused on businesses. Interim CEO Justis Kao believes there's a turnaround ahead, despite a 94% dip in stock value since the start of the year, a downbeat fiscal Q3, and a NYSE delisting.
Adam Jacobson
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