The cancellation of “Jimmy Kimmel Live!” by ABC and Disney stirred the broadcast industry, with competitors seizing the moment amid growing political unrest.Disney General Entertainment Content via Getty ImagesThe decision by the American Broadcasting Company (“ABC”) and its parent entity, the Walt Disney Company (“Disney”) to suspend production of Emmy-winning late-night talk show “Jimmy Kimmel Live!” caused a ripple effect in the broadcast industry, already strained with political friction. With big broth ...

Core Viewpoint - The suspension of Jimmy Kimmel's show by local affiliates Nexstar and Sinclair highlights the complex relationship between local TV stations and national broadcasters, particularly in the context of differing audience values and programming decisions [1][16]. Group 1: Company Overview - Nexstar Media Group operates 28 ABC affiliates and owns or partners with over 200 stations across 116 U.S. markets, including major cities like Nashville and New Orleans [5][6]. - Sinclair Broadcast Group operates 38 local ABC affiliates and owns or provides services to 178 TV stations in 81 markets, maintaining a conservative viewpoint in its broadcasts [7][8]. Group 2: Recent Developments - Nexstar announced a $6.2 billion deal to acquire TEGNA Inc., which owns 64 additional TV stations, pending changes to FCC rules on station ownership [6][17]. - Sinclair has decided to preempt Kimmel's show with local news programming, indicating ongoing discussions with ABC regarding the show's potential return [7][17]. Group 3: Industry Dynamics - Local affiliates rely on national broadcasters for programming while also producing their own local content, sharing advertising revenue [9][10]. - The balance of power may favor ABC over local affiliates, as the ABC network constitutes a small percentage of Disney's overall revenue, allowing for alternative distribution methods [15][16]. Group 4: Controversies and Influence - Sinclair faced backlash in 2018 for requiring local anchors to read identical statements, showcasing the influence of corporate directives on local news [12][17]. - The current situation with Kimmel reflects a broader tension between national programming and the values of conservative-leaning communities served by affiliates like Sinclair and Nexstar [15][16].

Two ABC affiliate owners say they’ll continue to preempt late night talk show host Jimmy Kimmel with their own local programming, even after ABC said they would reinstate his show nationally.Nexstar Media Group and Sinclair Broadcast Group’s decision highlights the influence and sometimes-tenuous relationship local TV station owners have with national broadcasters such as Disney-owned ABC.Kimmel was briefly suspended over comments he made in the aftermath of conservative activist Charlie Kirk’s assassinatio ...

Core Points - Kroenke Sports & Entertainment (KSE) has extended its agreement with TEGNA to broadcast 20 Denver Nuggets games and 20 Colorado Avalanche games for free over-the-air on local stations [1][2] - The partnership aims to provide access to nearly 3.5 million people in the Denver metro area, allowing fans to watch their teams even if they cannot attend games at Ball Arena [2][3] - The broadcast will feature the same production team from Altitude Sports, ensuring continuity in coverage and fan engagement [3] Group 1: Broadcast Agreement - The new agreement will allow a total of 40 games from the Nuggets and Avalanche to be aired on KTVD, with simultaneous broadcasts on 9NEWS [2] - Last season, the Nuggets advanced to the NBA's Western Conference Semifinals and the Avalanche participated in the NHL's Stanley Cup Playoffs, attracting millions of viewers [2] Group 2: Altitude Sports Availability - Altitude Sports remains available across its nine-state territory through various providers, including Xfinity TV and DIRECTV [4] - The Altitude+ app allows fans to stream games and access additional programming, available for $199.99 per year or $19.95 per month [5][6] Group 3: Company Background - Kroenke Sports & Entertainment is a major player in sports and entertainment, owning multiple teams and venues, including the Denver Nuggets and Colorado Avalanche [8] - TEGNA operates 64 television stations, reaching over 100 million people monthly, focusing on local news and community engagement [10]

Group 1 - Class Action Attorney Juan Monteverde's firm has recovered millions for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report [1] - Chart Industries, Inc. is under investigation related to its sale to Baker Hughes Co. for $210.00 per share in cash, with a shareholder vote scheduled for October 6, 2025 [1] - Banco Bilbao Vizcaya Argentaria, S.A. is set to acquire Banco de Sabadell, offering one newly issued share and €0.70 in cash for each 5.5483 shares tendered, with the tender offer expiring on October 7, 2025 [2] - Vimeo, Inc. shareholders will receive $7.85 in cash per share in its sale to Bending Spoons US Inc. [3] - TEGNA Inc. shareholders will receive $22.00 per share in cash in its sale to Nexstar Media Group, Inc. [3] Group 2 - Monteverde & Associates PC is a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court [4] - The firm emphasizes that no company, director, or officer is above the law, encouraging shareholders with concerns to reach out for additional information [5]

Group 1 - The ongoing partisan divide in the United States is intensifying, with increasing concerns about the influence of "gatekeepers" in various institutions, including the Federal Communications Commission (FCC) [1][2] - The rise of the internet and social media has transformed identity politics into a broader "culture war," affecting the business landscape and media discourse [2] - Recent controversies have involved major corporations like Cracker Barrel and ABC, with ABC's decision to pull "Jimmy Kimmel Live!" off the air following controversial remarks, highlighting the intersection of media and political discourse [3][4] Group 2 - FCC Chairman Brendan Carr has indicated that the agency may take action against TV broadcasters to ensure they operate in the public interest, emphasizing the need to avoid partisan bias in programming [4] - The FCC's role in regulating broadcasters is distinct from that of cable channels and streaming services, which do not have the same public interest obligations [4]

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

Technical Analysis - TEGNA Inc. (TGNA) has reached a significant support level, indicating a potential investment opportunity from a technical perspective [1] - A "golden cross" has occurred, where TGNA's 50-day simple moving average has broken above its 200-day moving average, suggesting a bullish breakout may be imminent [1] - The golden cross pattern typically indicates stronger breakouts due to the involvement of longer time periods [1] Market Performance - TGNA has experienced a rally of 24.8% over the past four weeks, indicating positive momentum [3] - The company currently holds a 3 (Hold) rating on the Zacks Rank, suggesting it could be poised for further breakout [3] Earnings Outlook - There have been no cuts to earnings estimates for the current quarter, with one revision higher in the past 60 days, indicating a positive earnings outlook [3] - The Zacks Consensus Estimate for TGNA has also increased, further solidifying the bullish case for the company [3] Investment Consideration - Given the technical indicators and positive movement in earnings estimates, investors are encouraged to consider adding TGNA to their watchlist [5]

Core Insights - TEGNA Inc. has appointed Brent Denny as president and general manager of WTHR and WALV in Indianapolis, effective immediately, with a focus on financial performance and business strategy [1][9] Group 1: Leadership and Experience - Brent Denny brings over 30 years of broadcast experience, having spent the last 11 years at WTHR/WALV in various senior roles, most recently as director of sales, where he significantly contributed to revenue growth and advertiser relationships [2] - Prior to his tenure at WTHR/WALV, Denny held multiple leadership positions at WISH-TV/WNDY in Indianapolis for over eight years, focusing on strategy, planning, forecasting, and budgeting [3] Group 2: Community and Vision - Larry Delia, senior vice president at TEGNA, praised Denny's talent and ability to foster collaboration and community relationships, expressing confidence in his leadership at WTHR/WALV [4] - Denny expressed his commitment to maintaining the legacy of WTHR/WALV as a news leader in Indianapolis while exploring new ways to serve the community [4] Group 3: Company Overview - TEGNA Inc. operates 64 television stations across 51 U.S. markets, reaching over 100 million people monthly through various platforms, emphasizing its role in providing trusted local news and services [5]

Core Viewpoint - Nexstar Media Group announced the acquisition of Tegna, Inc. for $6.2 billion, marking a significant development in the media merger landscape [3]. Group 1: Acquisition Details - Nexstar is already the largest owner of broadcast television stations in the U.S. and aims to enhance its scale and revenue through this acquisition [3][6]. - The deal is expected to generate approximately $300 million in synergies, primarily through cost-cutting measures [6]. - Tegna's corporate journey has been tumultuous, having been spun off from Gannett in 2015 and facing a failed merger attempt with Standard General in 2022 [5]. Group 2: Regulatory Considerations - The acquisition may exceed the existing nationwide cap on the percentage of U.S. households that one TV station ownership group can reach, raising potential regulatory challenges [7]. - The broadcasting industry has long sought to lift this cap, but significant legal and regulatory hurdles remain, particularly in the context of the current political landscape [8]. Group 3: Market Dynamics - The regional sports network (RSN) market has been struggling, leading to gains for local broadcasters as teams shift their broadcasts to local stations [10][11]. - Local broadcasters have seen significant increases in ratings and engagement as teams like the Phoenix Suns and Florida Panthers move away from RSNs [11]. - The competition for local sports rights is expected to intensify, potentially benefiting broadcasters as they seek reliable content to attract viewers [12]. Group 4: Network and Affiliate Relationships - The relationship between major networks and local affiliates is evolving, with networks increasingly requiring affiliates to contribute to the costs of national sports rights [13][14]. - There is a risk that powerful entities like Nexstar may resist paying affiliate fees, prompting networks to explore direct partnerships with local cable operators [14].