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Industry News

Gray/Quincy Deal Closing Done as Allen Completes Spin Buy

Radio+Television Business Report
3 years 9 months ago

If there ever was a man true to his words, Byron Allen is perhaps the best example of one who turns bold statements into big deals.

He’s stated that his Allen Media Group intends to invest impressive amounts of cash on broadcast TV station purchases. The first deal struck: 10 spinoff sales tied to Gray Television‘s blockbuster $950 million merger with Quincy Media, Inc.

AMG’s deal for those spins has just closed, coinciding with the completion of the Gray/Quincy deal.

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Adam Jacobson

A Final Goodbye for Quincy, Oakley

Radio+Television Business Report
3 years 9 months ago

On January 7, Illinois-based broadcast media operation Quincy Media Inc., owner of 24 over-the-air TV stations, confirmed that it was “considering” a sale of all of its assets. Less than one month later, a buyer emerged.

With today’s closing bell on Wall Street, the mega-deal was officially done. Gray Television is now the owner of the QMI stations not spun to Allen Media Group. 

And, it formally marks the end of an era — and the leadership of Ralph Oakley.

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Adam Jacobson

With Delta Variant Flying, Lysol Steps Up Spots

Radio+Television Business Report
3 years 9 months ago

If there’s a silver lining to the rapidly increasing number of COVID-19 cases in Florida, California and parts of Ohio and Georgia, it is this: Lysol has your back, broadcast TV.

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Adam Jacobson

U.S. Media: ‘The End of Those Easy Compares’

Radio+Television Business Report
3 years 9 months ago

When the year started, influential Wall Street financial house MoffettNathanson was optimistic that the first half of 2021 was going to be “all blue skies” for broad patches of the traditional media and digital ecosystems.

After taking a close look at domestic digital advertising growth, Senior Analyst Michael Nathanson uses the word “only” to describe the acceleration in dollars for the GAFAN group.

What does this mean for broadcast media companies set to release their Q2 earnings reports?

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Adam Jacobson

Ravi Kapur Adds Florida LPTV Pair

Radio+Television Business Report
3 years 9 months ago

A Bay Area entrepreneur who once appeared on-camera at KGO-7 in San Francisco has been an active buyer of late of low-power TV stations across the U.S.

He’s at it again. Ravi Kapur has just snagged a pair of LPTVs serving two of the Sunshine State’s biggest markets.

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Adam Jacobson

Black Lion Audio Launches PG-P Portable Power Conditioner

Radio World
3 years 9 months ago

Black Lion Audio has launched its PG-P Portable Power Conditioner, built around its proprietary PG-P portable filtering technology.

It says the aim is to provide the same level of noise filtering as found in rack-mount power conditioners.

Black Lion says that the power conditioner is built using Panasonic capacitors, selected to help eliminate high-frequency noise. As a result, the unit provides studio-grade power-on-the-go via six wall-wart-spaced outlets, as well as Ground OK, Protection On and Clean Power On LEDs.

[Check Out More Products at Radio World’s Products Section]

PG-P is available to purchase through Black Lion Audio’s global network of dealers/distributors with a MAP of $69.

The unit comes on the heels of the new PG-2, a pro power conditioner that Black Lion recently introduced, offering a 120 V Power Grid of 14 outlets in a 2U rack-mountable chassis.

The PG-2 sports proprietary PG-99 Filtering Technology, alongside a suite of status and alert capabilities, all of which Black Lion says helps the unit provide an average of 99.7% of noise filtering.

The power conditioner features Panasonic and Wimi capacitors, and offers filtration with a reported power absorption rating of 2,775 joules. Also, the PG-2 features a bank of 12 switched, filtered, and surge-protected outlets on its back panel arranged as three groups — four digital audio outlets, four analog audio outlets and four high current outlets.

Send your new equipment news to radioworld@futurenet.com.

Info: www.blacklionaudio.com

 

The post Black Lion Audio Launches PG-P Portable Power Conditioner appeared first on Radio World.

Mix Editorial Staff

Alabama Station Faces Fine for Late License Renewal

Radio World
3 years 9 months ago

An Alabama broadcaster faces a $4,500 fine for not filing for license renewal on time.

The Media Bureau of the Federal Communications Commission issued the notice of apparent liability to Autaugaville Radio Inc., saying the broadcaster failed to file by the deadline required for seeking renewal of licenses for its AM station WXKD in Brantley, Ala., and its FM translator W292HL in Troy.

The applications for renewal should have been filed by April 1, the first day of the fourth full calendar month prior to the expiration dates for the licenses. The commission said the broadcaster eventually filed prior to license expiration, but that it did not explain its failure to meet the earlier deadline.

The company now has 30 days to pay, respond or appeal. The proposed fine consists of the full $3,000 base forfeiture amount for the AM and a reduced forfeiture of $1,500 for translator.

The Media Bureau found no other issues with the license renewal applications, which it indicated it plans to approve once the forfeiture proceeding is finalized.

 

The post Alabama Station Faces Fine for Late License Renewal appeared first on Radio World.

Paul McLane

A Final Aloha To A Pair Of Dayton FMs

Radio+Television Business Report
3 years 9 months ago

DAYTON, OHIO — With little fanfare, two FM radio stations serving the Miami Valley officially ended their respective formats, with a change transpiring just past 12:01am Monday.

The stations, which had been operated by iHeartMedia as part of its Dayton cluster, are now licensed to a different operator.

They weren’t sold, however. The FM pair were given away as a donation by the trust that had served as its licensee for 14 years.

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Adam Jacobson

Two Anniversaries, With One More Meaningful Today

Radio+Television Business Report
3 years 9 months ago

RBR+TVBR OBSERVATION

As the month of July 2021 came to an end, an important anniversary in the history of rock ‘n’ roll music was observed by at least one terrestrial radio station. It was also observed on the Sirius XM channel that’s home to three of the four personalities that helped make it an institution. Just past midnight on August 1, 1981, MTV officially signed on the air, available to a lucky few in New Jersey.

By February 1983, however, MTV was growing. It was Channel G on Manhattan Cable systems in New York City. And, it was shaping popular music for a new generation of radio listeners. Among those who perhaps looked to MTV to determine what local listeners wanted was the owner of a Mercedes 450 SL convertible getting attention for an unconventional morning “Zoo” at a radio station in Tampa owned by Gary Edens.

Twenty-four months and one day after MTV’s midnight splash, Scott Shannon signed WHTZ on the air from 333 Meadowlands Parkway in Secaucus, N.J.

Today, MTV is remembered for what it was. Shannon, and the station he built, are still going strong and very much part of today’s consumer choices.

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Adam Jacobson

Bloomberg Radio Adds To Growing Black Content Mix

Radio+Television Business Report
3 years 9 months ago

Thirteen months ago, iHeartMedia officially launched BIN: Black Information Network under the leadership of company veteran Tony Coles and Director of News Operations Tanita Myers. 

As of this week, KBLA-AM 1500 in Los Angeles has signed on the air under the ownership of Tavis Smiley. Its mission: to be a home for Black Lives Matter.

Now, Bloomberg Radio is responding to the thirst for African American-focused insight and information by launching “a daily look at the intersection of culture and commerce affecting Black American audiences.”

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Adam Jacobson

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