Industry News

Citing listener and revenue drops, NAB says lifting rule will bring in wider audiences

The post NAB Urges FCC to Remove All Radio Market Caps appeared first on Radio World.

Since 1976, ABC has looked to the film industry's honor pageant as a major advertiser and viewer draw, noting its relationship at Upfront events each May. Starting in 2029, ABC will no longer have the Oscars telecast — nor will any other over-the-air television network.   

While Anna M. Gómez has had her priorities, including bipartisan goals that should unite the FCC, the past 10 months has see the Commission take "a markedly different approach" — one the lone Democratic votemaker at the agency is highly critical of. This includes likely thawing of media ownership caps.

The NAB on the final day of comment submissions to the FCC as part of its 2022 Quadrennial Review argued for more deregulation and an FCC focus on the impact of competition on broadcast stations and their services, "rather than on needless formalities such as formulating a market definition."

Public media’s funding crisis escalates the sense of urgency

The post Every Cost Deserves a Very Careful Look appeared first on Radio World.

"We're empowering broadcasters to meet their public interest obligations." Those are the words of FCC Chairman Brendan Carr, as he offered a positive critique of his leadership and accomplishments at the Commission since taking the baton from Jessica Rosenworcel in late January.

It was hardly unexpected. The Ranking Member of the Senate Committee on Commerce, Science & Transportation, in her opening comments, lashed out at FCC Chairman Brendan Carr for engaging in what Democrats have labeled politically motivated and Freedom of Speech-limiting efforts by the Commission.

The owner of the EstrellaTV Spanish-language broadcast television operation has reached a media sales agreement with one of the nation's largest entities, a unit of iHeartMedia. At the same time, EstrellaTV parent MediaCo is wishing its Research Director, a 35-year industry veteran, a very hearty retirement. 

The deadline to files comment on the FCC’s Quadrennial Review of its ownership rules for broadcast radio and television is here. A flood of opinions are expected to arrive within the next several hours, and ahead of that, one radio station licensee has submitted his call for relaxing current restrictions.

The radio broadcasting pure-play operation that's building out its digital revenue opportunities under CEO Chris Forgy and CFO Sam Bush has moved ahead with a multimillion-dollar stock repurchase plan — an effort Bush believes will reinforce its confidence in its long-term strategy.