An $83 million deal between a new Standard Media and Phil Lombardo's Citadel Communications will see Standard take over two ABC affiliate stations in Rhode Island and Nebraska. Former Standard Media investor Soo Kim is helping finance the purchase, but has no equity in the company, which is run by Deb McDermott.
LG Electronics USA will be honored at the National Association of Broadcasters' Celebration of Service to America Awards next month, receiving the Corporate Leadership Award from the organization's Leadership Foundation, in recognition of the company's social and environmental initiatives. LG's "Life's Good: Experience Happiness" campaign helps young people acquire skills that improve happiness, and aims to reach 5.5 million youth before 2021.
Shari Redstone didn't participate in any of the presentations during this year's upfront week, but the head of Viacom and CBS was the center of attention at the CBS afterparty. Redstone, who was reportedly invited to the event by acting CEO Joe Ianniello, says this is the first time she's attended upfront festivities in the last three years.
The National Association of Broadcasters is urging the Federal Communications Commission to revise rules governing AM radio stations to permit all-digital broadcasts. AM stations that could broadcast completely digitally would "provide substantially improved sound quality that could help AM stations to retain and attract listeners in the increasingly competitive audio marketplace," the association says.
This year's upfront week saw most television networks playing it safe as they introduced fewer new shows than in previous years and generally stuck to tried-and-tested formulas. Competition from a wide range of streaming services is making investing in new content increasingly risky, writes Joe Flint.
The CW Network made the final pitch to advertisers for this year's upfronts, closing out the week with a shorter presentation than those of most of its competitors. CW executives touted their network's leadership in OTT television, highlighted its upcoming "Batwoman" series and bid farewell to "Supernatural," which is entering its 15th and final season.
Norah O'Donnell said goodbye to her "CBS This Morning" co-hosts this week as she departed the show to take over as anchor of the network's "Evening News". O'Donnell's final show included clips of memorable moments she had on the program as well as messages taped by a number of morning show hosts and news anchors.
The prestigious NAB Marconi Radio Awards celebrate overall excellence in radio. Winners will be announced during the NAB Marconi Radio Awards Dinner and Show on September 26 at the Radio Show in Dallas. Entry rules, forms and a complete list of past winners are available here. Entry deadline is May 31 at 5:00 p.m. ET.
We Are Broadcasters Campaign Highlights Stations' Invaluable Work
WeAreBroadcasters.com highlights the many ways stations serve their communities. As policymakers tackle legislation that could impact broadcasting's future, stations are encouraged to use this resource to remind lawmakers what makes broadcasters unique. Also, please download and air NAB's We Are Broadcasters spots.