l_miro

SiriusXM stock is down 60% since 2023 Iheart down 73% The alternative is selling them for parts assuming anybody wants them. Though radio had more of a chance to survive due to podcast popularity

it said 'digital broadcast rights' only Two and a half Men was announced as 'digitial broadcast exclusive' so depending on how you think of that term. We'll see soon enough

no. Cozi TV got the OTA/broadcast linear rights

WPTV was one of those stations with habitual viewers. Jim Sacket left, Shannon Cake wanted to leave but they asked her to stay and she agreed. Then once Kelly Dunn departed the proverbial wheels started to come off. Scripss did sell the building to Stephen Ross, and leased it back for a couple years with an option to extend but we all know the spot is prime land for "luxury condos" to go up eventually

The $150 million for a TRO bond Nexstar asked for was denied. Judge ordered a $10,000 (not a typo) nominal bond to be posted,saying any harm from this litigation is self inflicted since the decision to rush the closing was Nexstar’s. though he also asked for evidence showing Nexstar had to do it quickly

now Nexstar will ask for an injunction of the injunction at the 9th circuit Nexstar will be arguing against itself "Nexstar states in its 10K that it has “been able to increase [its] distribution revenue” even though “the number of MVPD subscribers has been declining.” (ECF No. 111-4 (citing https://www.sec.gov/Archives/edgar/data/1142417/000119312526078361/nxst-20251231.htm.) This statement supports the proposition that Defendants will increase their retransmission rates." and "Nexstar’s CFO’s statement in which he told investors “the synergy playbook [in the TEGNA transaction] is really the same” as Nexstar’s past deals and that where Nexstar and TEGNA stations “overlap” is “where we can really operate 2 stations off of [] 1 infrastructure.” retrans data slipped out a bit: "In particular, Big Four Retransmission Fees have risen sharply even as streaming services have become far more popular [in] recent years. In 2019, the average Retransmission Fee paid by an MVPD for all Big Four stations together was $9.64 PSPM12. By 2025, it had grown to $19.30 PSPM. Thus, the average annual growth rate in PSPM Retransmission Fees that MVPDs paid for the Big Four stations over the six-year period between 2019 and 2025 was more than 12%. During this same period of time, the average annual growth rate of the Consumer Price Index was only 4.0%."

imo the penny pinching era started in 2008. NBC got Sue Simmons retired abruptly in 2012 That reminds me. In the late 2000s I saw some WTVJ news anchor contracts when staff were leaking to sfltv all kinds of mess. Even back then certain achors were making ~$500K in just salary alone, I'm sure 20 years later a $1.5 mil salary for top 4 news anchor isn't rare, add to that bonuses, FICA, 401K matches, benefits etc. In market #1 that would be higher. I don't know about Chuck, but most of these people just show up to read the news and don't do anything else. with 50-60% of station revenue is from retrans fees, which depend on people paying for cable/YoutubeTV not actually watching the newscasts, why not ... ahem ... chuck out uncle Chuck? Pun intended.

perused their 10-K while waiting on my dough: answer to "why so many QVC/HSN channels filling LPTV and dot2 signals" so they gained about 309K new customers but rely heavily on repeat customers, probably what contributed to the bankruptcy, they're dangerously reliant on repeat business

the filing states they're targeting emergence from chapter 11 within 90 days. From the language "... will be entering into RSAs (restructuring support agreement) with certain holders of its debt" they don't plan to fold aka the rest of the creditors are about to get nothing or next to nothing their QVC investment. it reads like a strategic default, they had $2B+ in losses last year on almost $9.3B in revenue, clearing the weeds

Rincon has wanted to exit since at least last year old news if you read this forum

TRO is modified and extended to April 17, 2026 at 6:00 p.m. PDT so judge can make a decision. The States submitted a good chunk of evidence yesterday under seal, and DirecTV filed a brief arguing Nexstar submitted undated documents that don't include pre-merger agreements, or much that proves assertions about Tegna planned cost cutting before the merger we can't read the sealed documents but it sounds like either Nexstar was required to absorb TEGNA due to the Bank of America's high-interest 7-day bridge loan and upcoming bond sale, i think 3-4 days later, or they anticipated what the States might do with their pending lawsuit, and moved to absorb TEGNA quickly since courts have limited power on how far back they can rewind the merger. The judge will probably bring that up in his final decision.

people will project their beliefs onto others despite evidence showing otherwise. This is a downgrade for him. 11 AM is a dead slot and he had no other prospects in town. His wife Alison just joined a PR company in DC working with the government so he probably wasn't about to uproot his family and move for a job.

every 'The Spot' station appears to keep 8 channels. WXPX 66.1 720p became 'The Spot', ION moved to 66.2 480i, QVC at 66.8

Nexstar was asking for $150 mil bond, which was supposed to be redacted, but slipped out and refused to say how they calculated the amount 7:32 pm judge ordered the public out to discuss confidential information. He mentioned a written order so it's probably not going to be a bench decision

arguments just started around 5:15pm DirecTV and States are arguing jointly Nexstar arguing other affiliates are substitutes if their stations are in blackout they've been chewing on what relative market is for over 20 minutes 6:10pm still going Nexstar argued cord cutting lowered rates DirecTV lawyer arguing for plaintiffs buried them when he started reading verbatim off Nexstar SEC filings of them telling investors retrans rates were going up even though cord cutting reduced users

Chimed in without reading the lawsuit with the screenshots. I wonder if he's got reputation too, awful TV people stick up for each other The sycophantic boomers in the comments are hilarious though

Nexstar weren't impatient. They moved quickly after the FCC approval probably anticipating State Plaintiffs/DIRECTV will file a TRO but also because Bank of America gave Nexstar a high-interest 7-day bridge loan to close the deal. As soon as the approval came TGNA was removed from trading and Nexstar moved quickly to sell bonds to repay the BoA bridge, and pay TGNA stock holders their $22/share. These deals are loaded with tens of millions of $ in fees so any delays end up costing. Asst. AG from the State Plaintiffs complained in the filing that she emailed Nexstar counsel to delay the closing, but they weren't responding for something like a week, the merger closed, and Nexstar replied saying it's too late to wait. Not illegal, just State Plaintiffs got outmaneuvered. Nexstar is not required to wait or accomodate any pending litigation unless it's court ordered, it's on the plaintiff to counter it.

Read the filing page 18, he was allegedly at an illegal gambling arcade. Screenshot from a Facebook message from Someone working at the casino messaged to tell him to stop coming every night because it looks like he has gambling addiction and people are noticing. WINK having a stick up about the festive icons in the weather graphics is so funny. They tolerated his tardiness, complaints from staff having to pick up after him, for 2+ years but the festive weather icons mucking up the vibe of the graphs package broke them. Not the sketchy intern he brought in without telling anyone, who worked for 100 hours without pay All he had to do was not post on FB acting like he was shocked at being fired, even though he literally signed a paper acknowledging if his antics continued they might terminate him. $10k down the drain to respond to this

Nexstar has notified the court they can't comply with the TRO because certain actions they took "cannot be undone". Integration of personel and infrastructure had taken place, such as merging websites. SEC reporting rules, to report debt They're also arguing the TRO goes against FCC mandates to divest 6 stations and expand news programming. The bench hearing is still scheduled for August 7 at 2pm The judge also rolled the Plaintiff States lawsuit into the DirecTV one

Uncle Perry should be thinking this way. Actually, you can make an argument that he has no choice but to plan for it given what ABC did to WPLG for refusing more retrans $ reverse comp. As the story is told, WPLG actually said we can't but let's talk about it, ABC went silent and started scheming with Sunbeam, didn't tell WPLG until after Sunbeam announced it. Perry knows he's going to get knifed eventually. NBC did it to WHDH, to teach Ed Ansin a lesson for what they feel is him ruining Jay Leno at 10pm - offered him money for the WHDH transmitter but not the business, and if you believe insiders - laughed I mean, FOX kept saying how much they love WSVN, great relationship, strength yadda yadda then went trying to grab WSFL NBC has decided they'll live or die by Peacock. FOX has FOXOne etc. Right now broadcast stations and networks are in that late stage of an abusive relationship where the battered spouse is making plans to leave but can't just yet because money

1 day does not a trend make, but NXST crashed at opening today. ~$850,000,000 market-cap loss

wut? Who told you Christians don't or can't enjoy MMA? I personally do not, but some of the most prolific MMA, boxing, etc contact sports fighters are Eastern Orthodox Christians. Our priests get in on it, either as spectators, some known to train/practice contact sports, Serbia has several bishops who are karate black belts.

Won't be, the court order is status quo ante item, as Tegna was immediately preceding the pending controversy (page 21 line 19) TRO expires in 14 days, bench hearing set for April 7 at 2pm to argue preliminary injunction. Judge went with Directv vs Nexstar though, State Plaintiffs may have failed, or judge thought Drectv was the stronger more immediate risk

Sinclair got blasted. CWA's complaint alone was over 300 pages on how harmful the merger would be. Sinclair's Tribune Docket '17-179' has over 50,000 filings, of them 19,013 comments; 384 pages history report (https://www.fcc.gov/ecfs/search/search-filings/results?q=(proceedings.name:("17-179")) Nexstar-Tegna docket '25-331' has a little over 200 filings of them 61 comments (https://www.fcc.gov/ecfs/search/search-filings/results?q=(proceedings.name:("25-331"))&limit=5) and 5 pages of history report

doubtful. Maybe digital output in terms of station website and/or "social media engagement". Uncle Perry wants maxed out retrans $ and likely had to agree to limit live streams to get it. To be fair Comcast/Charter etc have complained for a long time about paying for the stations while live newscasts are available free. Cord cutters have used it as a loophole (if they don't want to mess with antennas) decide to? Retrans for Tegna is going up in November by default, it's built into the contracts but they intentionally offer to delay it to try and nuke any 'immediate harm' claims in lawsuits. +~$1.43/mth per sub. Around 55% of that is going to the affiliate network, the networks love it Uncle Perry's lawyer screaming into his pillow after submitting a counterbrief yesterday saying California AG suggesting job losses was "speculative future effect"