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Audacy Filed For Bankruptcy

TheBigA said:
I agree. That's probably why my scenario of returning to pre-2016 is unlikely. There is a benefit for keeping it together, just as there was a benefit of running the radio stations together with TV under CBS. It's funny that CBS TV operations continued completely unaffected by the loss of radio, while the radio division had trouble after it was split off from its parent.
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Does anyone know how CBS/Paramount global is doing with CBS Sports Radio? I didn’t realize, CBS, technically didn’t leave radio entirely. I thought CBS SR was owned and distributed by cumulus?
 
TheBigA said:
It's a good analogy because those stations put him in some markets where he'd previously not done business, like NYC. Rather than build Entercom up to their level, he instead brought them down to his level. Very small time, in my opinion. He did a good job running Entercom before the CBS purchase, but this brought him into an area where he had no experience. It happens every time a heritage radio network division has been sold to a traditional station owner. The only time I recall when the transition went well was when Cap Cities bought ABC.
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I know, different subject, but this reminds me of exactly nexstar is doing in tv
 
Loverofradio said:
Does anyone know how CBS/Paramount global is doing with CBS Sports Radio? I didn’t realize, CBS, technically didn’t leave radio entirely. I thought CBS SR was owned and distributed by cumulus?
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You're half right. Owned by Paramount, distributed and sold by Cumulus. It's basically a branding deal for CBS Sports.
 
TheBigA said:
I agree. That's probably why my scenario of returning to pre-2016 is unlikely. There is a benefit for keeping it together, just as there was a benefit of running the radio stations together with TV under CBS.
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The legacy Entercom clusters also tended to have higher margins than the ones acquired from CBS. I suppose that most of those markets are smaller and generate less revenue despite the margins might give Field an opportunity to negotiate an exit that would let him keep some of them, but I agree that it doesn't look likely.

TheBigA said:
It's funny that CBS TV operations continued completely unaffected by the loss of radio, while the radio division had trouble after it was split off from its parent.
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As you mentioned, the CBS TV operations kept most of their infrastructure and likely kept most of the top performing staff. I wouldn't be surprised if the TV side was subsidizing the radio side at least a little at CBS in markets where it owned both, especially in the later years. TV also has retrans revenue to help with the decline in advertising dollars. Radio is not so well-equipped, and, as you also mentioned, the company that got CBS radio rolled back the efforts it was making to diversify the revenue stream. It essentially started over from zero three to four years after it dismantled an effort in progress.
 
Kent said:
I wouldn't be surprised if the TV side was subsidizing the radio side at least a little at CBS in markets where it owned both, especially in the later years.
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That's what Moonves was saying at the time and why he wanted to offload radio.
 
Kent said:
As you mentioned, the CBS TV operations kept most of their infrastructure and likely kept most of the top performing staff. I wouldn't be surprised if the TV side was subsidizing the radio side at least a little at CBS in markets where it owned both, especially in the later years. TV also has retrans revenue to help with the decline in advertising dollars.
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But there are rumblings of that dam breaking: DirecTV quietly tests transmitting national NBC feed to offset loss of TEGNA affiliates
 
Kelly A said:
What, this moron thinks that the networks won't charge them some form of retrans fees? Good luck with that.
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Interesting that Federal regulations prohibit say supplying a Philadelphia CBS station to Buffalo, but apparently they could supply the national CBS feed to Buffalo subscribers. If this is true, local station ownership will take a huge financial hit if the Networks bypass the local stations and sign deals directly with national providers. Will the Networks throw their affiliate local stations under the bus?
 
RadioGuy1864 said:
Interesting that Federal regulations prohibit say supplying a Philadelphia CBS station to Buffalo, but apparently they could supply the national CBS feed to Buffalo subscribers. If this is true, local station ownership will take a huge financial hit if the Networks bypass the local stations and sign deals directly with national providers. Will the Networks throw their affiliate local stations under the bus?
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Keep in mind that for now, the networks own major market local stations. So I doubt they will throw their own stations under the bus. However, the network and the local stations are different divisions with their own profits and financials. But the local stations can only make money in their local markets. If you try to stream a local station in another market, the platform denies you service. If you subscribe to DirecTV you might get the national network, and bypass the locals. BUT if you want local news and weather, the ONLY place you can get it is from the local channels.
 
RadioGuy1864 said:
Interesting that Federal regulations prohibit say supplying a Philadelphia CBS station to Buffalo, but apparently they could supply the national CBS feed to Buffalo subscribers. If this is true, local station ownership will take a huge financial hit if the Networks bypass the local stations and sign deals directly with national providers. Will the Networks throw their affiliate local stations under the bus?
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The other thing that they aren't considering, are the major networks don't provide programming on their network feeds 24/7 like local stations do. NBC as an example; has their East, West, and Central feeds of Today, Nightly News, prime, and breaking news stories. All the other times are color bars/slate. What are DirecTV geniuses going to do with all the other times?
 
TheBigA said:
Seems to me they've done this before, and they end up showing "tars & bone" in those other times. Or the affiliate promo feed. Or the affiliate news feed.
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If they show any of the local affiliate or O&O newscasts, it's retrans time. If they show bars/tone/slate during several hours when the networks aren't sending programming down the line, DirecTV will rightfully get some pissed viewer calls. The only other network option, using NBC as an example; would be to take their repeating news stream NBC News Now when nothing is coming down the main Net1 feed.
Whatever they decide, they won't be getting it for free, times four networks.
 
Loverofradio said:
I think Directv ended having the East and West Coast O&Os on their service a few years ago
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There used to be exceptions for areas that couldn’t get local signals or didn’t have a full compliment of in-market network affiliates, but, otherwise, out of market stations couldn't be imported into another market unless they were significantly viewed or weren’t duplicated locally.

I can’t imagine there are too many markets now that import distant signals since stations can have extra channels via DTV.
 
Kelly A said:
The other thing that they aren't considering, are the major networks don't provide programming on their network feeds 24/7 like local stations do. NBC as an example; has their East, West, and Central feeds of Today, Nightly News, prime, and breaking news stories. All the other times are color bars/slate. What are DirecTV geniuses going to do with all the other times?
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CW has a national feed that is filled with programming 24/7.

The networks would likely fill the currently blank time slots with reruns, or as you noted, content from NBC News Now.
 
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