Verizon beats Street estimates with strong wireless sales | Broadcasters discuss business model for Next Gen TV | Tribune shareholders overwhelmingly in favor of Sinclair deal
October 20, 2017
NAB SmartBrief
News for broadcast and electronic media leaders
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Entercom, CBS merger could come as early as next month
Entercom's planned acquisition of CBS Radio could close as early as mid-November, keeping the deal on track to make Entercom one of the industry's biggest radio groups. CBS on Thursday announced that it was moving forward with an exchange offer through a "Reverse Morris Trust" to split off the radio division in preparation for the acquisition.
Radio Ink (10/19) 
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Business & Industry Report
Verizon beats Street estimates with strong wireless sales
Verizon beats Street estimates with strong wireless sales
(Brad Barket/Getty Images)
Verizon netted 603,000 postpaid wireless connections in the third quarter -- nearly twice as many as Wall Street analysts had expected -- and increased wireline revenue by 1.1%. Verizon's Matt Ellis says the telecom has not decided when it will launch its over-the-top video service, although Bloomberg reports the company has pushed it back until spring.
The Wall Street Journal (tiered subscription model) (10/19),  Bloomberg (free registration) (10/18),  Variety (10/19) 
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Broadcasters discuss business model for Next Gen TV
The launch of Next Gen TV could be approved by the Federal Communications Commission early next year, but broadcasters still have opposing views as to how the initial business model for the system should look. A panel at the NAB Show New York debated the benefits of early use cases, including 4K Ultra-HD programming and datacasting.
TVNewsCheck (free registration) (10/19) 
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Tribune shareholders overwhelmingly in favor of Sinclair deal
Over 99% of Class A and Class B shareholders for Tribune Media voted in favor of its proposed deal with Sinclair Broadcasting Group during a Thursday meeting. The Federal Communications Commission this week announced a 15-day break during its 180-day review to allow time for additional comments regarding the proposed deal to be submitted.
Inside Radio (free content) (10/19) 
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Broadcast Programming
CBS Sports streaming service to focus on news and talk
CBS Sports will be launching a streaming service "soon," says CBS Interactive President and Chief Operating Officer Marc DeBevoise. The service will be centered around sports news and talk, as opposed to live games, DeBevoise confirmed.
MediaPost Communications (10/18),  FierceCable (10/19) 
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People & Personalities
TV critic Ryan: A TV executive assaulted me
Variety TV critic Maureen Ryan has written a column about being sexually assaulted by a TV executive in 2014. While Ryan couldn't name her attacker due to legal reasons, she writes that she will no longer stay silent, adding, "A television executive assaulted me, and the specific power dynamics of this industry aid and abet men like him."
TVWeek (10/19) 
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IHeartMedia CEO honored as Broadcaster of the Year
IHeartMedia CEO Bob Pittman was given the Broadcaster of the Year award Thursday by the New York State Broadcasters Association. "Bob Pittman is a true industry leader and perhaps the most creative, visionary and dynamic executive in broadcasting," said NYSBA President ​David Donovan.
Radio Ink (10/19) 
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NAB News
NAB Webcast -- OTT: Local Media Case Studies
Advancements in over-the-top (OTT) content/distribution continue to present lucrative opportunities for local media companies. This webcast presents multiple case studies that uncover what OTT adopters are currently doing and reveals where tangible monetization and exponential OTT business growth is occurring. Access it here.
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Shop the Online NAB Store
Receive a special member discount at the online NAB Store on your choice of newly released publications, including the 11th Edition of "The NAB Engineering Handbook," "Radio Rules," "Television Financial" (2016) and more. Take your business to the next level when you obtain these latest releases and other training materials exclusively available at the NAB Store.
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