Come December 1, new local leaders will be taking over the reins for Gray Media-owned broadcast television stations in Presque Isle, Me.; Hazard, Ky.; and Topeka, Kan., respectively.
The company helmed by CEO Bob Pittman and COO/CFO Rich Bressler seeks more time to repay its lenders by proposing to push out its repayment dates by at least three years. In order to accomplish this, two lender proposals have been drafted. Each would see a significant hike in interest rates in order to gain more time for repayment.
Pending regulatory approval, two Kentucky FMs, an AM and two FM translators will become part of a collection of Bluegrass State radio properties tied to the CEO of QUU Inc. who is also the former NAB Joint Board Chairman and EVP for Industry Affairs and Strategic Planning. Cantrell's group is getting something in return.
The Market President for iHeartMedia's Seattle-Tacoma radio stations, an individual who rose to the post in November 2020 after seven years in ascending sales roles, has tacked on similar duties for the company's Spokane properties by rising to Area President for Washington.
Is it an existential threat to broadcast radio and TV, or is it a potential investment or partnership opportunity? New data from Pew Research Center suggest either may be of consideration, as nearly 40% of young adults queried say they get news from influencers on social media.
A 21-year-old broadcast television station licensee of properties in six markets across the eastern U.S. — all operated through a shared services agreement with Gray Media — has renewed and expanded its multi-year services agreement for local TV measurement with Nielsen.
For weeks, the rise of Brendan Carr to FCC Chairman — should President Trump return to the White House — has been discussed as a foregone conclusion. On Sunday evening, President-Elect Trump turned the rumors into reality.
Adam Jacobson
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