The broadcast television station ownership group that also owns tower manufacturer Dielectric and has emerged as the ATSC 3.0 industry shepherd delivered what CEO Chris Ripley called "strong" second quarter results. Indeed, revenue and adjusted EBITDA each grew year-over-year. But did they meet analyst expectations?
The FCC's August Open Meeting is on Thursday, and based on the statement issued late Wednesday from the agency's lone Democratic vote-caster, the end of the current 39% national TV ownership reach put in place by Congress in the early 2000s appears to be coming to its conclusion.
A Class A FM station serving Winona, Minn., and La Crosse, Wisc.; along with a 100kw Class C FM reaching these markets from Monroe County is being acquired by the radio broadcasting company led by founder Dave Magnum. Along for the ride in this transaction are a Class D AM and its FM translator in Sparta, Wisc.
The Maryland House Democrat believes the FCC's "extraordinary decision to require early renewal of eight Disney-owned ABC broadcast licenses breaks from decades of practice and causes severe constitutional problems by at least appearing to use the Commission’s licensing authority to censor protected speech." As such, "further Congressional oversight may be warranted."
The licensee of a Milwaukee radio station since 1972 which is poised to become the latest property in the Civic Media stable — along with a 61-year-old newspaper serving the Black community of Milwaukee — has entered into a Consent Decree with the FCC's Media Bureau to resolve a transfer of control violation in November 2024.
Adam Jacobson
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