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January 3, 2013News for broadcast and electronic media leaders

  Top Story 
  • Lawmakers from Wash. state raise concerns over TV signal repacking
    The channel repacking necessitated by spectrum incentive auctions could prove costly to TV stations in northern border states due to complications introduced by required coordination with Canada, members of Congress from Washington state noted in a letter to Federal Communications Commission Chairman Julius Genachowski. "As many as 14 of [the state's 37 full-power stations] could have no place to be relocated when repacking occurs, meaning that they could be forced to cut power and lose viewers," wrote Democratic Reps. Jim McDermott, Norman Dicks and Adam Smith. (1/2) LinkedInFacebookTwitterEmail this Story
  Business & Industry Report 
  • 8 Raycom channels off of Cox as retrans deadline passes
    Raycom and Cox Communications have failed to reach a retrans agreement before a deadline, and Cox removed the signals of eight Raycom stations in six markets from its lineup. Raycom President Paul McTear said this is the first retrans blackout for the company, adding it has "signed up 180-plus cable, satellite and telephone company operators in the last 18 months, including several that are many times larger than Cox." Broadcasting & Cable (1/2) LinkedInFacebookTwitterEmail this Story
  • U.S. budget deal buoys media stocks
    The stock market boost propelled by the U.S. budget agreement that steered the nation clear of the "fiscal cliff" has had an even more profound effect on media stocks. Shares soared after worries that higher taxes would cut into retail sales and advertising were quelled, with Viacom the biggest beneficiary, as its shares jumped 6% Wednesday. Comcast, CBS and News Corp. were all up more than 3%. Broadcasting & Cable (1/2) LinkedInFacebookTwitterEmail this Story
  • Media stocks outperform in a strong 2012: Media stocks were standouts in a strong overall year for shares in 2012. Among the conglomerates, Comcast stock performed best, with a 57.6% rise, followed by News Corp., CBS and Disney. Cable networks recorded strong gains, while broadcast TV stations saw a 24% average advance in share price. (1/1) LinkedInFacebookTwitterEmail this Story
  • Other News
  • Arbitron, Cumulus seal multiyear deal
    Arbitron's diary and Portable People Meter services will be used to rate 450 Cumulus Media stations in 100 markets over the next few years under a new agreement between the two companies. "We will work closely with Arbitron on its ongoing quality and service enhancement initiatives. Specifically, we look forward to participating in the development of an integrated, total radio audience service that gives broadcasters full credit for our audiences regardless of how listeners access our content," said Cumulus Chairman and CEO Lew Dickey. (1/3) LinkedInFacebookTwitterEmail this Story
  • Radio's top advertiser in 2012: Home Depot
    With more than 2 million radio spots airing nationwide last year, Home Depot was the leading advertiser in the medium, according to Media Monitors. GEICO, McDonald's, AutoZone and Wal-Mart rounded out the top five. Radio Ink (1/3) LinkedInFacebookTwitterEmail this Story
  Related Industry News 
  • DISH Network plays hardball with employees but produces results
    DISH Network has earned the unscientifically determined title of worst place to work from the website 24/7 Wall St., with enumerated employee complaints online noting long hours, forced overtime and few paid holidays. But DISH is also highly profitable, with an aggressive sales strategy producing results under founder Charlie Ergen, who stepped down as chief executive in 2011. Bloomberg Businessweek (1/2) LinkedInFacebookTwitterEmail this Story
  • Other News
  People & Personalities 
  • Buzz Bissinger tires of talk radio, will move on
    "Friday Night Lights" author Buzz Bissinger is quitting talk radio on Philadelphia's WPHT after about six months, saying, "This is not how I should be spending my life." Nonetheless, he says it was a "wonderful experience," adding that he was pleased with how he was treated by station management. (Philadelphia) (1/2) LinkedInFacebookTwitterEmail this Story
  • Other News
  NAB News 
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Trust only movement. Life happens at the level of events, not of words."
--Alfred Adler,
Austrian medical doctor and psychotherapist

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