Nexstar will repurchase up to $100 million of Class A common stock after being authorized to do so by its board, the broadcaster said Monday in a news release.
The FCC needs to fully disclose the impact of the incentive auction on low-power TV and translators, said Advanced Television Broadcasting Alliance Executive Director Louis Libin in a news release. “Either the FCC doesn't know the impact to LPTV and Translator stations or they are hiding the fact that an entire industry that our country depends on will be largely wiped out,” ATBA said Thursday. That day's FCC meeting showed that large companies and “their pseudo public-interest groups” have undue influence at the commission, emailed LPTV Spectrum Rights Coalition Director Mike Gravino in an email, calling the meeting “internet-age industrial policy at its worse."
Any petitions of reconsideration filed against the FCC auction rules approved Thursday “would serve no purpose other than to enrich some lawyers,” said Expanding Opportunities for Broadcasters Coalition's Executive Director Preston Paddenin a blog post Friday. Incentive Auction Task Force Chairman Gary Epstein and Vice Chairman Howard Symons are “old pros” who “did not need their jobs at the FCC,” Padden said. “They believe that the auction will be a success and they deserve the benefit of any doubt.” The situations under which the procedures public notice and other auction rules would lead to impairment are worst-case scenarios only, Padden said. “The reality of the auction almost certainly will create more clear wireless spectrum,” he said. “The incentive auction is offering broadcasters a once-in-a-lifetime opportunity to monetize their spectrum right in the middle of turbulent times in our industry.”
Developers of the NextRadio smartphone app that lets listeners receive FM radio on their handsets are teaming with College Broadcasters Inc. on a sweepstakes competition to devise 60-second ad spots for the next phase of NextRadio’s consumer awareness campaign launching in October, the partners said in a Wednesday announcement. The contest “is designed to offer college students an opportunity to conceive, create, and submit a commercial radio spot and compete within a real world context,” they said. Three winners will be chosen, they said. Besides gaining national exposure, the first prize winner will get an expense-paid trip to the National Student Electronic Media Convention Oct. 22-24 in Minneapolis, they said.
The deadline for biennial FCC ownership reports was extended from Nov. 2 to Dec. 2, said a Media Bureau order released Thursday. “The filing should still include information current as of October 1, 2015,” the order said. “We are aware that some licensees and parent entities of multiple stations may be required to file numerous forms, and the extra time is intended to permit adequate time to prepare such filings.”
Sinclair sees $2 billion worth of “substantial opportunities” in relinquishing some of its licenses in the incentive auction, CEO David Amy said on an earnings call Wednesday. Amy has expressed interest in the incentive auction before (see 1506250060), though a Sinlclair executive subsequently said it wouldn't be actively participating (see 1507230064). The $2 billion number was arrived at using the median numbers for specific Sinclair stations provided in the Greenhill estimates of auction prices, Chief Financial Officer Christopher Ripley said. “The ultimate outcome will depend on the many auction variables which are unclear at this time,” Amy said. Ripley said Sinclair's view of the auction hasn't changed, but there's an industry view that the company won't participate. “So that's one of the reasons we put that statement in the earnings release here or call today, just to give some people a little bit more specifics around what the upside is for Sinclair,” Ripley said. The earnings could even be improved with channel sharing, Ripley said. Sinclair is in “active discussions” on channel sharing, he said.
Sinclair’s memorandum of understanding with Samsung and Pearl TV to support the speedy commercial implementation of ATSC 3.0 (see 1506170046) signals “to the broadcast industry and to the world at large and the federal government that the broadcast industry is about ready to move” to the next-generation broadcast platform, Sinclair CEO David Smith said on a Wednesday earnings call. Samsung, “as the largest manufacturer in the world, is clearly now fully engaged in the process of preparing prototype products” for ATSC 3.0 “that will be likely on demonstration” at the January CES and April’s NAB Show, “in all probability,” said Smith, whose company has been a strong advocate of commercializing ATSC 3.0 sooner rather than later. Through the MOU, “I think when you look at what we're all going to be doing together, we're going to be demonstrating over the next three to five months some incredible capability to the technology,” he said. ATSC 3.0 is “really now on what I would say is a very fast track to being adopted by the industry,” Smith said. “And once that's done, then we'll go to the FCC and we'll say, it's time to go and we'll go through that process. And then we'll start to prepare for a transition.”
TP Vision, which makes and markets Philips-brand TVs in most regions of the world outside North America, Tuesday became the third TV maker to announce a collaboration with Dolby Labs to promote the adoption of the AC-4 audio codec. Dolby announced similar collaborations last month with Sony and Vizio. Dolby expects consumer TVs with AC-4 audio built in to become available in 2017, it said. AC-4 is vying against the MPEG-H consortium of Fraunhofer, Qualcomm and Technicolor to be chosen as the audio codec for the next-gen ATSC 3.0, and a decision on that selection is expected within the next two weeks (see 1507240030). AC-4 was published last year as an international spec at the European Telecommunications Standards Institute (see 1501210023), and is available in a toolkit for use with European-based DVB broadcast systems, Dolby said.
The FCC Public Safety Bureau and Consumer and Governmental Affairs Bureau will host a workshop Aug. 27 on improving the use and accessibility of the emergency alert system, the FCC said in a public notice Tuesday. Attendees at the workshop will discuss methods to “empower and encourage” state and local use of EAS and Wireless Emergency Alerts for localized alerts, the PN said. The workshop will also address accessibility issues for EAS visual alerts, such as synchronicity of EAS audio with EAS visual crawls, and text-to-speech technology, the PN said. The workshop will be open to the public but will have limited seating, it said.
The FCC Media Bureau scheduled a public workshop Sept. 9 on access and use of commercial broadcast ownership data gathered through Form 323 submissions, the bureau said in a public notice Thursday. The workshop will include how to access and study the data, and mechanisms for querying and visualizing it, the PN said. Attendees should preregister and bring their own laptops, the PN said.