He’s widely known for his two decades of experience as an influential media sector financial analyst on Wall Street. Most recently, he filled the shoes of Marci Ryvicker, also known for her past experience as a media sector analyst, at Wolfe Research.
Now, John Janedis is taking a cue from Ryvicker by going corporate.
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BOCA RATON, FLA. — To ABC viewers, he’s recalled as a “Secret Millionaire” featured in a March 2011 episode of the now-concluded reality television series. A successful real estate figure, Marc Paskin sought out people and organizations in Detroit deserving of his financial help. Today, his philanthropic side is balanced with ownership stints of small radio stations, which dates to 2015.
Now, Paskin is re-entering radio ownership by agreeing to take Beasley Media Group‘s remaining properties in this upscale South Palm Beach County city.
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Can anything stop Nexstar Media Group from achieving a fresh all-time high for its stock?
A new peak was reached on Wednesday. As a result, share value in the nation’s top broadcast television company by station count is up $114.88 since March 2020.
A 2% gain to $172.61 came on February 2 for NXST, on volume that was slightly above its average of 399,150 shares.
NXST boasts a 1-year target price of $189.89. And, it is a safe bet it will get there within days.
Year-to-date, Nexstar is up by nearly $20.
Joe Roggin‘s podcast controversy had, until the Closing Bell on Wednesday, generated enough negative press to agitate investors in Spotify. On January 27, shares dipped to $171.32, a dip from nearly $235 per share seen on January 11.
While Spotify rebounded to $203.62 on Tuesday, the comeback fizzled. Then came Spotify’s fourth quarter 2021 results, sending SPOT down by more than 21% in early after-market trading on the NYSE.
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Performance royalties are back in the spotlight on Capitol Hill.
The House Judiciary Committee held a virtual hearing about the proposed American Music Fairness Act.
NAB President/CEO Curtis LeGeyt said that four years ago, the same committee asked the broadcast and music industries to work together to develop a proposal on the terrestrial performance royalty issue. He said NAB “worked for more than 18 months and offered numerous proposals to our industry partners behind closed doors that aimed to achieve that goal. … When our concepts were rebuffed, we came back to the table with new ideas time and time again.”
LeGeyt said, “Unfortunately, the music industry was unwilling to do its part in these negotiations. … [A]s a result, we find ourselves in this hearing room today debating a performance fee proposal that is strikingly similar to its predecessors.”
[Related: Hybrid Radio and the Royalties Question]
He reiterated arguments that broadcasters have made before: that a new royalty on local radio is “financially untenable for broadcasters of all sizes and unjustified as a matter of policy,” that there is a lot of support among legislators for competing legislation called the Local Radio Freedom Act, and that artists themselves frequently acknowledge the importance of radio in their success.
Among those weighing in on the other side was singer and songwriter Gloria Estefan.
She described herself as “a very big fan of radio and its place in music.” But she told the legislators, “Each of the songs that are precious and meaningful to you was a labor of love for the songwriters, the artists, the musicians and producers that brought it to life. … But when their music is played on the radio, artists don’t get paid, only the songwriters do. The radio stations benefit from the advertising dollars. But the artists that breathed life into a song, the featured artists, the singers, producers and studio musicians, are left out.”
Estefan said this can be particularly problematic for older artists whose songs still get airplay.
“It simply doesn’t make sense that artists are not being paid when their music is played on one specific platform: AM/FM radio. Why hasn’t this been rectified sooner? … Every industrialized country except the United States provides a performance right. … Artists respect broadcast companies; all we are asking is for them to respect us back.”
And in a filed statement, Michael Huppe, president/CEO of SoundExchange, said the lack of performance rights to artists or labels “is one of the most egregious injustices that exists today in the U.S. music industry.”
He said the proposed legislation grants royalties to music creators “while protecting small broadcasters by limiting their annual payments for playing music to $500, less than $1.40 a day. And qualified public, college and noncommercial stations would pay only $100.”
Hopppe specifically criticized iHeartMedia for declining to appear. “If iHeart seeks to continue denying music creators fundamental respect, they should have the decency to do it to their faces and explain their justification.”
You can watch the full three-hour hearing online.
Comment on this or any article. Write to radioworld@futurenet.com.
The post Radio and Performers Are Back, Arguing Over Royalties appeared first on Radio World.
While the House Judiciary Committee spent more than 2 1/2 hours debating the “American Music Fairness Act” on Wednesday morning, the Senate Judiciary Committee’s Subcommittee on Competition Policy, Antitrust, and Consumer Rights held a hearing devoted to “journalism, competition, and the effects of market power on a Free Press.”
Among the witnesses seated in Room 226 of the Dirksen Senate Office Building on Capitol Hill for the afternoon in-person session: the head of the highest-billing radio station in the U.S.
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Just before Austin Powers and Dolly Parton (or their close facsimiles) walk on stage to entertain attendees of the upcoming NATE UNITE conference, a more sobering discussion will be part of the educational sessions on tap during the convention.
On day two of the four-day conference at the Caesars Forum in Las Vegas, the NATE Unite 2022 show will bring together a series of sessions, courses and exhibits on safety and communication for those in the tower and wireless communications infrastructure, construction, service and maintenance industries.
[Related: NATE Unite 2022 Features FCC’s Carr, DISH’s Ergen]
This year, three tracks of educational sessions will be featured at the conference including an Administrative/Business track, Technical/Engineering track and Health and Safety track.
Sessions this year will take a close look at safety measures in several sessions including “Climbing Safety: Beyond the ABCs,” that will delve into those safety topics that are sometimes skipped during a typical tower climbing safety course. Led by the safety equipment company Ergodyne, the session will highlight a series of strategies and solutions that can be used to build a comprehensive safety planning program.
A second safety session — titled “Capstan Hoist Applications and Safety” — will bring together a product specialist, equipment demonstrator and an engineer to discuss the common uses of capstan hoists in the telecom industry with a focus on safety strategies like rope selection, fleet angle and rigging techniques.
While one educational session will discuss include proper communication between safety groups and communications firms, another will give an update on NATE’s new Climber/Rescuer Training Standards (CRTS), which were updated and released in January 2022. Staffed by a group of technicians, consultants and members of the tower industries, the panel will look at the newly revamped CRTS document, which evolved from the former NATE Course Training Plan/Course Training Standards (CTP/CTS) document. The session will give an overview of the changes in this new standards document and how these changes might impact future trainings.
The NATE Unite conference will also include networking receptions, an exhibit floor and a keynote luncheon where the aforementioned Austin and Dolly will entertain alongside Frank Sinatra, Dean Martin and Sammy Davis Jr.
The conference will span four days — Feb. 21 to 24 — and will be held at the 300,000-square-foot Caesars Forum conference center that opened across the street from Caesars Palace in October 2020.
The post Tower Safety at Forefront of NATE Unite appeared first on Radio World.
This story is from RW’s sister publication TVTech; given the interest among radio stations in this topic, we share it here.
This spectrum plot depicts the relative positions of digital television and analog FM radio signals within a 6-MHz TV broadcast channel. (Courtesy of Jampro)It’s been more than a decade since the first so-called “Franken FM” radio stations took to the air—stations licensed as Ch. 6 TV operations, but using their 87.75 MHz audio carrier to create a standalone FM broadcast service receivable by most FM radios.
Frankens have long been a thorn in the side of legitimate FM operators, and during their existence, the FCC has heard plenty about them. However, as the commission has been pre-occupied with more pressing matters such as spectrum auctions and repacks, little, if any action has been directed at these “mongrel” FMs, with regulators perhaps hoping that they would vanish last year when all LPTVs were forced to either “go digital or go dark.”
However, just like the hydra in Greek mythology, cutting off the head proved not to be the answer in eradicating the beast — others soon grew back, or in the case of Franken FMs, some creative RF engineering work allowed LPTV Ch. 6 licensees to retain analog audio services despite their move to digital broadcasting.
The first of the “next-generation” Franken stations — KBKF-LD, a Venture Technologies property in San Jose, Calif. — took to the air in the spring of 2021, with an FCC-issued STA to operate an ATSC 3.0 TV channel with a “tagalong” FM carrier. In applying for the STA, the station opined that such hybrid digital/analog fashion was covered by the ATSC A/322 standard, with its 3.0 signal “pulled in” to occupy 5.509 MHz of its 6-MHz berth and the rest given over to an FM carrier.
Reaction to ‘NextGen’ Frankens
Currently, there are at least half-dozen of these “second-generation” Frankens, and given the FCC’s apparent willingness to grant STAs coupled with the number of Ch. 6 TV authorizations, others may soon appear.
As such hybridized use of a U.S. DTV channel was not on the table when the NextGen TV standard was being drafted, the arrival of this new wave of Frankens has raised some eyebrows — and questions, just as when the first of the quasi-legal 87.75 FMs popped up back in analog Ch. 6 days.
Several individuals who have been closely involved with the ATSC 3.0 standard were polled for their opinions on this new wave.
[Related: San Diego TV Station Broadcasting Hybrid FM-ATSC 3.0 Signal on TV Channel 6]
“During development of ATSC 3.0, a number of use cases were discussed; many were documented,” said ATSC President Madeleine Noland. “I can’t recall this being one of them. ATSC 3.0 was designed to be flexible and to accommodate a wide variety of use cases and business plans. Beyond that, we cannot say whether this use case falls within the intent of ATSC 3.0, as authorized by the FCC for the U.S.”
Richard Chernock, a long-time contributor to the ATSC 3.0 initiative, stated that “the assumption going forward in the design of ATSC in the U.S. was to establish a full 6 MHz channel. Anything less would reduce 3.0’s capabilities. In my opinion, to use 3.0 for the Franken FMs is to actually lower spectral efficiency.”
However, Chernock added “using ATSC 3.0 technology to carry radio audio is a lot more efficient than to use FM. You could go into any big city with a lot of FMs and you could put them all into one 3.0 channel.”
Chernock said that he would have to do the math to get a precise figure of the number of discrete audio program streams that could be digitally transmitted within an ATSC 3.0 6-MHz channel, but he speculated that it could easily approach 1,000 given the efficiency of today’s codecs.
S. Merrill Weiss, who has been deeply involved in both ATSC 1.0 and 3.0 standards work, feels the jury is still out regarding hybrid DTV/FM transmissions.
“After reviewing all the publicly available technical material that I could obtain on the proposal to combine ATSC digital signals with FM analog signals in a single Ch. 6 emission, I found a dearth of information on either practical operating parameters and systems, or testing of equipment beyond very rudimentary prototypes,” said Weiss.
He expressed several concerns, one of them being the possible impact on 3.0 reception associated with the necessary “squeezing in” of DTV transmission bandwidth to accommodate an FM carrier. “The center frequency of the digital signal would be about 160 kHz below the channel center, and it is not known to me whether consumer receivers being sold can be pulled that far,” said Weiss. “The system may work and be useful, but the information is not available yet to prove it. Once this is released, a judgement on the practicality and utility of such a system may become possible.”
Mark Aitken, ATSC 3.0 “evangelist” and Sinclair Broadcast Group’s senior vice president of advanced technology, remarked that he was not surprised at all about the “second coming” of Franken FMs after last July’s mandatory shutoff of remaining analog LPTVs.
“Actually, I think I played a role in getting them in business with 3.0,” said Aitken, explaining that his own involvement into “stretching” a TV channel’s utility “came about quite some time ago” when he was asked if it were possible to accommodate multiple services within a single television channel’s spectrum allocation.
“The question posed to me several years ago was ‘if I had 6 MHz of spectrum and wanted to offer a narrowband 5G service, could I do that in conjunction with ATSC 3.0?’” said Aitken. “I thought about it and said ‘yeah.’ I demonstrated it later. This was with a narrowband Internet of Things service. I showed that we could carry two separate RF services within a single channel. I probably should have taken out a patent!”
Putting Spectrum to ‘Good Use?’
Asked whether he thought a Franken FM was a legitimate application of the ATSC 3.0 or a misuse, Aitken took a neutral stance.
“I’m not going to argue against folks who want to use technology to their advantage,” he said. “The large number of Franken FMs that existed are from people who are not in the TV business. With the limitations of FM spectrum, they are making use of the FCC rules and channel segmentation philosophy. They’re putting it to good use.”
He explained that by its very nature, ATSC 3.0 is designed to be extremely flexible and extensible. “Numerically — and this is not understood by most folks with regard to ATSC 3.0 — you can get to any number of bandwidths,” Aitken said. This is the reason that the [3.0] bootstrap itself is only 4.5 MHz wide. We wanted to make sure that in the future 5 MHz raster spectrum could be used by others by using the 3.0 standard. This is not ensconced or codified in the standard, as it was feared that the FCC might do an ‘about-face’ and reduce [U.S.] TV channel bandwidth to 5 MHz, so this was dropped out of the specification. A channel bandwidth of 8 MHz is, in fact, codified within the ATSC 3.0 standard and is being tried in India.”
As Sinclair owns a number of Ch. 6 TV stations that could potentially become Franken FMs, Aitken — when asked about such a possibility — said that he didn’t see this happening anytime soon, although the possibility of gaining more utility from television broadcast spectrum is always intriguing.
“I would think there’s no current interest [in Franken FMs],” he said. “Sinclair is not really interested in radio, as its core business is video. I don’t want to preclude this possibility in the future, but right now we’re focused on rolling out ATSC 3.0.”l
Comment on this or any article. Write to radioworld@futurenet.com.
The post Next-Generation ‘Franken FMs’ on the Rise appeared first on Radio World.
The parent of the three main PBS Member stations serving the New York Tri-State Area will become the first operator in the nation’s No. 1 market to bring NEXTGEN TV service to those with an ATSC 3.0-equipped television set.
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WASHINGTON, D.C. — America’s Public Television Stations (APTS) today has revealed its updated slate of board leaders and board members.
Andrew Russell, President/CEO of PBS SoCal and KCET in Los Angeles, has been re-elected Chair.
At the same time, Susi Elkins, Director of Broadcasting and General Manager of WKAR Public Media at Michigan State University in East Lansing, Mich. has been re-elected Professional Vice Chair. David Steward II, Immediate Past Board Chair of Nine PBS in St. Louis, has been re-elected Lay Vice Chair.
The newly-elected trustees are:
Re-elected to the APTS Board of Trustees are:
Zeglis began his board term on January 5. The officers and other trustees will begin their terms on February 28.
If you thought the COVID-19 pandemic would halt, or reverse, cord-cutting trends for MVPDs, think again.
While 40% of Americans still pay for cable services, a shift in viewing habits and streaming services is leading more consumers to say no to cable TV.
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WASHINGTON, D.C. — A multimedia initiative that enables Members of Congress in cities where Sinclair Broadcast Group-owned stations have a local news department to speak directly to their constituents on a regular basis has returned.
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