Pirates Would Face $2 Million Fines Under Congressional Proposal
The cost of being a pirate radio operator could soon be significantly higher. After several months of gathering input from fellow lawmakers, a bipartisan group of lawmakers has introduced and cosponsored the Preventing Illegal Radio Abuse Through Enforcement Act or “PIRATE” Act. The proposed bill would allow the Federal Communications Commission to fine someone who “willfully and knowingly” operates an unlicensed radio station up to $100,000 for each day they’re on the air – up to a maximum $2 million per incident.Read more
Comcast plans to make an all-cash bid for Fox if AT&T-Time Warner is approved, sources say
Comcast is planning a $60 billion all-cash bid to top Walt Disney on its deal to acquire most of Twenty-First Century Fox's assets if the U.S. government approves AT&T's acquisition of Time Warner, according to people familiar with the matter.Read more
Scripps Radio Division To Be Sold Piecemeal Instead Of ‘One Big Bang.’
After announcing plans to sell its 34 radio stations across eight markets in late January, E.W. Scripps offered an update during its first quarter 2018 earnings call Monday morning. According to CEO Adam Symson, the company intends to divest the properties piecemeal.Read more
Local TV Rev to Hit $27.7 B This Year
A new report examines how marketers are using television and mobile to design effective advertising campaigns across multiple platforms. Local television is the largest segment of local video advertising with local television station revenue estimated to reach $27.70 billion this year, up from $26.2 billion in 2017 (the revenue figures include retransmission fees).