The ABA’s mission is to serve, educate and advocate, and here’s the part where we educate. Check out these articles on broadcast industry topics, curated by Art Brooks, to share and discuss in the newsroom and around the proverbial water cooler. And remember – we share stories all week long on our social media channels.
Entercom Communications will divest 13 radio stations as part of an agreement with the Justice Department to proceed with its acquisition of CBS Radio. The settlement with the DOJ, unveiled on Wednesday, requires that Entercom, based in Philadelphia, divest five stations in Boston, four in San Francisco, and four in Sacramento. The merger will give Entercom 235 stations across the country.
Top House Republicans including Rep. Paul Ryan introduced legislation that would greatly change the U.S. tax code. What it will do for broadcast media, and the ability to fully deduct business advertising expenses, got the NAB’s seal of approval.
The NAB, which in 2016 announced a campaign addressing the nationwide opioid epidemic, released a statement Oct. 26, after President Trump declared the opioid crisis a “public health emergency.” “NAB is proud that our local broadcasters and network partners have been, for more than a year, shining a light on this public health crisis,” executive VP/Communications Dennis Wharton said.
With five out of the top seven publicly traded linear pay TV platforms, including the top three, reporting customer numbers, it appears the industry’s record-bad third-quarter subscriber losses could indeed surpass 1 million users, as some analysts have predicted.
The retirement announcements of Sens. Bob Corker (R-TN) and Jeff Flake (R-AZ) and a growing number of House members who say they won’t seek reelection have spurred speculation that the 2018 midterm election will be more competitive than previously thought. For broadcasters it could also mean more campaign advertising dollars.