NEW YORK (AP) — Sinclair has submitted a bid to buy out E.W. Scripps for $7 per share, in a deal that could bring further consolidation across America's local TV news landscape. Under the proposal, which Sinclair disclosed Monday, the broadcast giant would acquire all of Scripps' outstanding shares that it doesn't already own. Sinclair has already upped its stake in Scripps recently — accounting for nearly 10% of the company's class A common stock as of Nov. 17, per regulatory filings. The proposed $7 pe ...

Group 1 - MediaCo Holding Inc. has announced record-setting audience performance across its broadcast television and radio divisions [1] - EstrellaTV, MediaCo's national broadcast television network, is ranked 1 among all broadcast TV networks in P18–49 prime-time growth this season [1] - EstrellaTV has delivered an impressive +65% year-over-year increase in audience growth [1]

LindellTV recruits independent journalist invited by the PentagonWashington, D.C., Nov. 24, 2025 (GLOBE NEWSWIRE) -- Mike Lindell Media Corp. announces the latest stellar addition to their winning news division, welcoming Chief Pentagon Correspondent, Heather Mullins. Ms. Mullins hails from a solid military family beginning with her father, who served in the Air Force for 30 years (retired), and her brother who served in the Marines, completing tours in both Iraq and Afghanistan. Heather said, “Growing up i ...

Summary of E.W. Scripps Company FY Conference Call (November 18, 2025) Company Overview - **Company**: E.W. Scripps Company (NasdaqGS: SSP) - **Industry**: Media and Broadcasting Key Points M&A Activity - Sinclair has reported an 8% stake in E.W. Scripps and is considering a merger, described as a "bear hug" by the analyst [3][4] - E.W. Scripps was engaged in discussions with Sinclair regarding a potential merger but did not reach an agreement, leading to the cessation of talks [4][6] - The complexity of transactions involving family-controlled public companies with highly leveraged balance sheets adds challenges to M&A discussions [7] - There is significant financial benefit to be gained from local broadcast consolidation, with potential synergies estimated at $300 million, representing a 30% uplift to combined forward EBITDA [10][11] Advertising and Market Performance - E.W. Scripps reported a strong Q3 performance with a 2% increase and a Q4 guidance of 10%, attributed to effective sales execution and a strong sports strategy [18] - The company anticipates continued growth in the first half of the next year, although potential headwinds are expected in the latter half due to political crowd-out effects [19] - The company is optimistic about the upcoming political advertising cycle, with a strong competitive footprint in key races [20] Retransmission Revenue - E.W. Scripps is preparing for a significant retransmission renewal year in 2026, with 70% of its subscriber base renewing [24] - The company expects to see a decrease in affiliate expenses moving forward, which could positively impact net retransmission revenue [25] Cost Management and Technology - E.W. Scripps has focused on managing expenses, achieving a mid-single-digit reduction in local media expenses year-over-year [46] - The company is leveraging AI and technology to streamline operations and reduce costs, particularly in production and back-office functions [47][48] Balance Sheet and Deleveraging - E.W. Scripps has completed several asset sales, including a $40 million sale of a Fort Myers station and an $83 million sale of an Indianapolis station, generating approximately $123 million gross [50] - The company aims to reduce leverage from the current mid-four range through cash flow generated from political advertising and growth initiatives [56] Sports Strategy - E.W. Scripps has expanded its sports portfolio, securing rights to women's sports leagues and event-driven sports, which are expected to drive growth [37][39] - The company is optimistic about the stability and growth potential of its local business, supported by additional sports content and a strong local news presence [31] Future Outlook - E.W. Scripps is committed to pursuing transformational M&A opportunities while also focusing on smaller strategic deals [12][13] - The company is optimistic about its ability to manage margins and achieve stable or growing bottom-line performance despite top-line pressures [43][45] Additional Insights - The company is navigating a challenging advertising environment, with national advertising spend impacted by economic factors such as interest rates and tariffs [34] - E.W. Scripps is focused on capturing market share in the connected TV space, which has shown significant growth [36]

Summary of Nexstar Media Group FY Conference Call Company Overview - **Company**: Nexstar Media Group (NasdaqGS:NXST) - **Date of Conference**: November 18, 2025 Key Points Industry Context - The media sector is undergoing significant changes, particularly regarding mergers and acquisitions (M&A) and regulatory environments [2][4][8] - The Federal Communications Commission (FCC) and Department of Justice (DOJ) are pivotal in shaping the regulatory landscape for media consolidation [4][9] M&A Activity - Nexstar's acquisition of Tegna was approved by Tegna shareholders with a 98% affirmative vote, marking a significant step in the merger process [3] - The filing of FCC applications is imminent, allowing the regulatory process to commence [3] - The DOJ's approach to antitrust issues is evolving, with constructive discussions indicating a willingness to consider new information [5][6] Regulatory Environment - The FCC's potential deregulation is seen as beneficial for the industry, with indications from the Trump administration and FCC Chairman Brendan Carr supporting pro-business policies [8][9] - The vacating of the FCC duopoly rule may lead to a more favorable environment for media consolidation [4] Synergies and Integration - Nexstar anticipates $300 million in EBITDA synergies from the Tegna acquisition, with 45% from net retransmission and 55% from operating expense synergies [13][15] - Integration efforts will focus on reducing corporate overhead and consolidating operations in overlapping markets [14][15] - Facility consolidation is expected to yield additional long-term savings, although it may take time to realize these benefits [19][20] Advertising Market Trends - Non-political advertising revenue was flat in Q3, with a slight decline expected in Q4 due to various factors, including programming changes and market conditions [44][46] - The overall advertising market is considered stable, with expectations for continued growth in retransmission revenues [28][33] Programming Strategy - Approximately 40% of CW's programming consists of live sports, with plans to increase this to around 50% [51] - The CW network has improved its ranking from 20th to 8th among broadcast and cable networks since Nexstar's acquisition [53] Future Outlook - Nexstar aims to leverage its scale to enhance local journalism and maintain a robust balance sheet, positioning itself as a leader in the local TV space [67][68] - The transition to ATSC 3.0 and the monetization of spectrum assets are seen as long-term growth opportunities, with initial commercial clients expected soon [60][63] Conclusion - Nexstar is focused on strategic growth through M&A, regulatory navigation, and enhancing its advertising and programming strategies, positioning itself for future success in the evolving media landscape [68]

Core Points - iHeartMedia has initiated its annual transition to holiday music, with over 95 stations nationwide broadcasting festive music 24/7 [1] - The iHeartRadio Holiday Special is returning this year, hosted by Mario Lopez, featuring interviews with various artists [1] Company Summary - iHeartMedia is expanding its holiday music offerings by flipping more than 95 stations to play a mix of contemporary holiday hits and classic Christmas songs [1] - The company continues to engage listeners with special programming, such as the iHeartRadio Holiday Special, enhancing its brand presence during the holiday season [1]

Core Insights - TEGNA Inc. has entered into a definitive agreement with Nexstar Media Group for the acquisition of all outstanding shares at $22.00 per share, valuing the transaction at $6.2 billion, expected to close in the second half of 2026, pending regulatory and shareholder approvals [1][2]. Financial Performance - Total revenue for the third quarter of 2025 decreased by 19% to $651 million, primarily due to lower political advertising revenue and a decline in advertising and marketing services revenue [4][17]. - Distribution revenue fell by 1% to $358 million, attributed to subscriber declines, partially offset by contractual rate increases [4][17]. - Advertising and marketing services revenue decreased by 12% to $273 million, impacted by macroeconomic challenges and the absence of Summer Olympic games [4][17]. - GAAP operating expenses decreased by 3% to $559 million, driven by cost-cutting initiatives, although M&A-related costs increased [4][14]. - GAAP net income attributable to TEGNA Inc. was $37 million, a 75% decrease compared to the previous year, with diluted earnings per share at $0.23 [4][14]. Cash Flow and Debt Management - Net cash flow from operations was $59 million, with adjusted free cash flow at $64 million [4][34]. - TEGNA returned $20 million to shareholders through dividends during the third quarter [4]. - The company called the full $550 million of its 4.75% senior notes due March 15, 2026, which contributed to an 8% decrease in interest expense to $39 million [4][14]. Business Updates - TEGNA has suspended share repurchases but plans to continue paying regular quarterly dividends until the transaction with Nexstar closes [5]. - TEGNA stations received six national Edward R. Murrow Awards, highlighting the company's commitment to quality journalism [8]. Non-GAAP Financial Measures - Adjusted EBITDA for the third quarter decreased by 52% to $131 million, primarily due to lower political advertising and AMS revenue [4][32]. - The net leverage ratio at the end of the third quarter was 2.9x, indicating the company's debt levels relative to its earnings [4][39].

Core Points - LindellTV has been officially included in the Pentagon press corps under the updated media access policy of the Department of War, joining over 60 new media outlets and independent journalists [1][2] - The company aims to provide direct, unfiltered news coverage from the Pentagon, emphasizing transparency and accountability in journalism [1][2] - LindellTV has grown to serve over 7 million monthly viewers across its platforms, which include LindellTV.com and vocl.com [3] Company Overview - Mike Lindell Media Corp. operates a conservative broadcast network, providing an alternative to mainstream media [3] - The company has recently gained press access to White House press conferences, enhancing its reporting capabilities from Washington, D.C. [3] - LindellTV's mission is to challenge narratives and report on significant events affecting the public [1][2]

Core Viewpoint - Saga Communications, Inc. is set to release its Q3 2025 financial results on November 6, 2025, and will hold a conference call to discuss the results and answer selected inquiries from stakeholders [1][2]. Financial Information - The earnings release will include non-GAAP financial measures such as station operating income, trailing 12-month consolidated EBITDA, and same station financial information, with reconciliations to GAAP measures provided [2]. Company Overview - Saga Communications is a media company focused on acquiring, developing, and operating broadcast properties, with an emphasis on enhancing its core radio business through digital, e-commerce, local online news services, and non-traditional revenue initiatives. The company operates in 28 markets, owning or operating 82 FM and 31 AM radio stations, along with 79 metro signals [3].

Core Points - Saga Communications, Inc. has increased its Board of Directors to eight members with the appointment of Gregg Sutherland [1][3] - Gregg Sutherland has a strong background in strategy consulting and corporate governance, having served as a Senior Partner at Ernst & Young and held various board positions [2] - The company aims to reduce the Board size back to seven members at the 2026 Annual Shareholder Meeting [3] Company Overview - Saga Communications is focused on acquiring, developing, and operating broadcast properties, with an emphasis on enhancing its core radio business through digital and e-commerce initiatives [4] - The company operates in 28 markets, managing 82 FM and 31 AM radio stations, along with 79 metro signals [4]