Radio+Television Business Report

WASHINGTON, D.C. — With the U.S. Supreme Court ready to hear arguments in the FCC and NAB‘s joint appeal of the Third Circuit Federal Appeals Court remand of its local media ownership rule revisions, the Commission — in the final days of leadership under Chairman Ajit Pai — is voting to preserve the status quo with respect to a Fox Corporation request for a permanent waiver allowing it to own multiple TV stations and a newspaper in the nation’s No. 1 market.

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It’s a lightly traded stock, and the company’s fiscal health is arguably strong compared to some of its peers. Yet, Friday was a challenging day on Wall Street for the executive team at Townsquare Media.

On nearly five times the average volume, TSQ immediately fell from the Opening Bell and in the final minutes of trading dipped even further.

Townsquare shares were off by 11%, with a $6.60 price seen just six minutes before the Closing Bell on the NYSE rang.

When all was said and done, TSQ completed Friday’s trading with a 10.9% dip, to $6.62.

Volume was 47,881 shares on an average of 15,995 shares.

What prompted the downward activity for the local media company?

It’s not clear. But, it does come one trading session after Townsquare priced an offering of $550.0 million in aggregate principal amount of its 6.875% senior secured notes due 2026.

The notes will bear interest semi-annually at a rate equal to 6.875% per annum and were offered at par value. They are senior secured obligations of Townsquare Media and will be guaranteed on a senior secured basis by the company’s direct and wholly owned subsidiaries.

Closing of the offering is anticipated to take place on or about January 6, 2021, subject to customary closing conditions.

Townsquare intends to use the net proceeds from the offering, together with cash on hand, to repay its existing senior secured credit facilities, to redeem all of Townsquare’s outstanding 6.500% senior notes due 2023, and to pay the premium, fees and expenses related to the offering.

Townsquare also intends to terminate its existing senior secured credit facilities, including its existing revolving credit facility.

There may be more timeless music than ever, and not playing it could be costing your radio stations revenue, Editor-in-Chief Adam R Jacobson notes in this Classic Media Information Bureau column worth a fresh read.

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It’s not often that the FCC receives a Acuerdo para venta y transferencia de licencia de un radioemisora.

In such cases, Fletcher Heald & Hildreth attorney Frank Montero is likely involved. And, that’s indeed the situation here, as a prolific Puerto Rico broadcaster has gained another AM on La Isla del Encanto.

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The E.W. Scripps Company has promoted its VP of Financial Planning and Analysis to the role that has until now been held by Lisa Knutson.

The bump up to CFO, which saw “a nationwide search,” yielded no external candidates. And, the transition will take place once Scripps closes on its acquisition of ION Media.

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A company that considers itself to be one of the pioneers of video-on-demand technology has claimed a small victory in its fight against AT&T, DirecTV, Dish Network and Amazon for copyright infringement of four patents covering streaming media innovations specifically tied to VOD services using the set top box and mobile app technology.

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WASHINGTON, D.C. — At the FCC‘s October Open Meeting, one of the most important advancements in the history of AM radio broadcasting took only minutes to get the Commission’s approval.

Voluntary all-digital AM broadcasting moved forward, with a report and order released.

Broadcast station owners that wish to benefit will soon be free to do so.

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WASHINGTON, D.C. —With the retirement of Ranking Member Greg Walden and the expected transition of power at 1600 Pennsylvania Ave. NW to President-Elect Joe Biden, the committee in the House of Representatives that oversees the FCC has appointed five new Democratic members.

They’ll take their seats with the start of the 117th Congress. And, they are all women.

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Friday marked Day 15 of the “blackout” of all Nexstar Media Group-owned broadcast TV stations and the WGN America cable TV network across Dish lineups.

Is there an end on the horizon? Maybe. But, Nexstar has a new option for disgruntled Dish customers that want their NewsNation and other WGN America programming — and its an over-the-top platform.

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Travel one hour west of Helena, Montana, and you’ll reach the small town of Deer Lodge. Here, an AM radio silent has fallen silent, as has an FM translator at 99.3 MHz and 20kw FM.

The owner passed away. He had no will. Now, the stations are being involuntary transferred to a family member.

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City United Church in recent years has been using a Massachusetts AM to provide a “Power”-ful religious-themed message to local listeners.

Then, the station fell silent. Now, this facility is being sold.

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For stock watchers, one thing has become very clear over the last several weeks on Wall Street: The nation’s No. 1 audio entertainment and media company, iHeartMedia, is seeing a strong recovery from its COVID-19 pandemic-fueled low.

On the other hand, shakiness abounds for Entercom Communications shares.

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Tune to 107.9 MHz in Central New Jersey, and you may hear a wide variety of Classic Hits and an announcer using a wee bit of reverb on “WOLD.”

That’s the call sign for a LPFM that happens to share a very tight short-spacing situation with an FM translator just down the road. While this would normally create interference, the facilities share the same programming, originating from Princeton University.

Now, the school has a plan to eliminate the interference, secure a second FM signal in the process, and air paid advertisements without running afoul of low-power FM rules.

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Mike O’Rielly, the FCC’s fieriest fighter in recent memory against the scourge of unlicensed FM radio broadcasters, may no longer be a Commissioner. But, his fight against pirate radio station operations lives on.

Property owners where illicit broadcasters originate from are now being advised that they could be subject to big new fines from the Federal Communications Commission.

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Without agriculture, and agribusiness, much of Wall Street, Madison Avenue and Silicon Valley would be “hungry, homeless, naked and sober.”

That’s why agribusiness is nothing city folk should scoff at, says Steve Alexander, who will succeed the legendary Orion Samuelson as the chief agribusiness reporter for Nexstar Media Group‘s legendary Chicago talk station, WGN-AM 720, come January 1.

Alexander spoke exclusively with RBR+TVBR Editor-in-Chief Adam R Jacobson about his new role, where he gets his information from, and why Nexstar elected not to sunset the reports — clearly seeing value in their continuation.

Listen to “The InFOCUS Podcast: Steve Alexander, WGN Radio” on Spreaker.

The Comcast-owned multi-platform video advertising unit known as FreeWheel has agreed to purchase a software as a service (SaaS) advertising company in a move that expands FreeWheel’s current programmatic marketplace capabilities across all forms of television and video advertising, including Connected TV (CTV) and Set-top Box Video on Demand (STB VOD).

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WASHINGTON, D.C. — House Energy and Commerce Committee Republican Leader Greg Walden, who once owned radio stations in Hood River, Ore., become embarking on a career in state and federal politics is retiring from Congress after 22 years.

He’s already said his goodbyes on the floor of the full House. Now, Walden has shared more about his accomplishments — and thoughts on current tech policy debates including the Section 230 controversy that put Nathan Simington on the FCC — with a top Inside-the-Beltway federal news publication.

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With Lisa Knutson rising from the EVP/CFO role to lead the newly combined businesses of ION Media, the digital multicast channels under the Katz Networks brand, and its OTT-to-MVPD offering Newsy, The E.W. Scripps Company has appointed a television industry veteran with a surname matching its multicast unit to head them on a day-to-day basis.

 

Jonathan Katz as chief operating officer and head of entertainment for its new national television networks business.

Katz will report to Lisa Knutson, who Scripps previously announced will lead the newly combined businesses of ION Media, the Katz networks and Newsy. Both appointments will be effective upon the close of Scripps’ acquisition of ION Media.

Katz is founder, president and chief executive officer of the Katz networks, which Scripps acquired in 2017. In his new role, Katz will have responsibility for the networks’ entertainment brands including Bounce, Laff, Grit, Court TV Mystery and the ION networks as well as Brown Sugar and “The List.” He will have additional oversight of revenue, research, marketing and programming for the entire portfolio of Scripps’ national networks.

After starting the Bounce network in 2011 as the nation’s first-ever over-the-air broadcast television network dedicated to serving African-American audiences, he founded the Katz networks in 2014, expanding the portfolio to several additional niche-targeted over-the-air networks.

In his current role, Katz has steered the multi-platform networks’ year-over-year growth, outperforming expectations and delivering over-the-air audience growth while spearheading strategic launches of new networks, including the relaunch of the Court TV network in 2019, its expansion into the United Kingdom this year and the development of true crime-focused Court TV Mystery.

Katz’s visionary leadership in the television, news and entertainment industry will help Scripps transform its networks business into a powerful national leader in news and entertainment with broad consumer appeal and reach, said Knutson.

“With his many years of experience in launching, growing and expanding some of the country’s most-watched networks and leading best-in-class teams to fuel growth and innovation, Jonathan has proven time and time again his ability to anticipate and super-serve consumers’ diverse and evolving interests,” said Knutson. “Jonathan is a tremendous asset to Scripps as we bring our national networks businesses together to capture the momentum of over-the-air audience growth and multiplatform TV viewing.”

Katz’s career includes leadership roles at some of the country’s top television networks. Before founding the Katz networks, he was senior vice president and general manager of program planning and acquisitions for all of the Turner Entertainment Networks including TBS, TNT, Cartoon Network, Adult Swim and TCM, including acquisitions work for the original Court TV and The WB broadcast network. Additionally, Katz oversaw the re-branding and relaunch of WTBS in Atlanta as WPCH/Peachtree TV and led all aspects of the station’s operations as general manager.

Before joining Turner’s Entertainment Group in 2000, he was vice president of marketing for CNN Newsource.

Katz launched his career in local TV with roles in programming, advertising, publicity, promotion, production and news at WTOG in Tampa-St. Petersburg, Florida; WJZY in Charlotte, North Carolina; WDBB in Birmingham, Alabama; and WCFT in Tuscaloosa, Alabama.

Consumers inform content creators of their preferences by voting with their money.

Globally, Pay TV subscription revenue dominates the market, accounting for $172 billion in consumer spending worldwide in 2020 and 70% of total global home video spend across Pay TV, SVoD, TVoD, EST, DVD and Blu-ray.

But, is a mix of subscriber-fueled video on demand services primed to replace the traditional MVPD? Futuresource Consulting’s Tristan Veale recently presented this question, and his findings, and Veale has shared some of the highlights on the shifting content consumption habits of consumers across the globe.

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The NextGen Video Information Systems Alliance (NVISA), a worldwide coalition of developers and manufacturers working to accelerate the industry’s evolution toward next-generation broadcast and OTT television systems, is expanding through the addition of four new members and the formation of three new specialized working groups.

With the addition of DigiCAP as the alliance’s newest regular member, the alliance now represents the full spectrum of ATSC 3.0 middleware solution providers that have joined forces toward making the vision of NextGen TV into reality. Expanding its membership of public broadcasters across the U.S., NVISA is pleased to welcome New Mexico PBS, Kentucky Educational Television, and UNC-TV Public Media North Carolina as the alliance’s newest associate members, joining ranks with Capitol Broadcasting Company, News-Press & Gazette Company, OneMedia, and Sinclair Broadcast Group.

NVISA has a global membership of organizations that are driving the definition and realization of ATSC 3.0 technology. This global network of companies includes ATEME, BitRouter, DigIt Signage Technologies/ChyTV, Digital Alert Systems, ENENSYS Technologies, Hitachi Kokusai Electric Comark and CDS, Triveni Digital, Verance, and other leaders in advanced technology and content.

“NVISA is extremely pleased to welcome these organizations as the alliance expands toward a truly global scope, supporting advanced next-generation TV services,” said Edward Czarnecki, NVISA chairman and executive director. “The addition of these three public broadcasters also shows the key role that public TV will play in NextGen TV. ATSC 3.0 is starting to coalesce rapidly, with a growing number of station deployments. NVISA members are dedicated to realizing the enormous potential that ATSC 3.0 offers to transform broadcast television worldwide.”

“By joining NVISA, DigiCAP is committed to contributing its effort to cultivating the next-gen ecosystem and growing the market,” said Sang Jin Yoon, SVP of business development at DigiCAP. “NVISA’s mission of driving innovation while minimizing fragmentation of solutions for information services is essential for the success of ATSC 3.0 deployment globally.” DigiCAP brings additional international experience to NVISA through their involvement in building the world’s first ATSC 3.0 alerting service in South Korea, which launched last year.

“Kentucky Educational Television is pleased to join with NVISA members to work toward NextGen TV advanced information solutions for public safety, civic engagement, and educational service,” said Tim Bischoff, KET chief technology officer.

“New Mexico PBS has been an active participant in the ATSC standards process, and we look forward to contributing to the effort to promote forward-looking technologies with the potential to move our industry forward,” said Mike Snyder, New Mexico PBS’ studio technology manager.

“UNC-TV has been a leader in NextGen TV Public Safety communication research, and we see our partnership with NVISA as a vital part of the equation that will help the industry develop new products for consumers, first responders, and other sectors and, ultimately, help us fulfill our mission of delivering trusted, educational, and informative content to all North Carolinians,” noted Fred Engel, UNC-TV’s chief technology officer.

NVISA members collaborate, implement standards, and create best practices to help broadcasters accelerate their transformation toward next-generation ATSC 3.0 systems. Among the organization’s initial objectives is ensuring the successful deployment of enhanced emergency information solutions across the ATSC 3.0 ecosystem, including next-generation Advanced Emergency Information applications, enhanced media display for the Emergency Alert System, and accessible emergency information audio. To this end, NVISA has formed three working groups.

NVISA’s Video Integrated Display Symbology (VIDS) working group focuses on harmonizing a recommended practice for emergency information display in visual media, including a shared symbology and look and feel that can be used by video services across the Emergency Alert System, ATSC 3.0, and other visual media. Bill Robertson of Digital Alert Systems serves as the group’s chair.

NVISA’s Advanced Emergency Information working group will develop recommended practices and use cases for the advanced emergency information capabilities of ATSC 3.0 and NextGen TV. Ed Czarnecki, NVISA chairman and executive director, is the group’s chair.

NVISA’s Bitcasting and Broadcast Internet working group will examine advanced data broadcast technologies and applications (including public safety applications). Mark Corl of Triveni Digital serves as the Bitcasting and Broadcast Internet working group chair.

 

— Sunny Branson, for Weekly Tech Roundup, a Streamline Publishing newsletter produced by the Radio + Television Business Report