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Tegna and NBC Renew Affiliation Deal
January 4, 2024 |Broadcast

Tegna and NBC agreed to renew station affiliation agreements for 20 Tegna markets nationwide, including in Atlanta, Seattle and Phoenix, said a Tegna news release Wednesday. The 20 include 10 of the top 25 markets for NBC and cover more than 21 million households, the release said.

D.C. Circuit Dismisses NAB Mandamus as Moot
January 3, 2024 |Broadcast

The U.S. Court of Appeals for the D.C. Circuit accepted the FCC’s 2018 quadrennial review order and dismissed NAB’s petition for a writ of mandamus as moot, a discharge order Tuesday said (docket 23-1120). NAB had asked the court to compel the FCC to act on the 2018 QR. Both NAB and the FCC requested the dismissal after the agency issued the 2018 QR one day before the court’s Dec. 27 deadline (see 2312280018).

Salem to Delist Stock From Nasdaq
January 2, 2024 |Broadcast

Salem Media Group will voluntarily delist its Class A common stock from the Nasdaq Global Market, the radio broadcaster said Friday in a news release. Salem “anticipates significant financial savings as a result of this decision,” the release said. “In addition, delisting and deregistration provide several benefits to the Company and its stockholders, including lower operating costs and reduced management time commitment for compliance and reporting activities,” it added. Salem anticipates filing a “Form 25 (Notification of Removal of Listing)” on Jan. 8, with the delisting taking effect “no earlier than ten days thereafter,” the release said. The last trading day of its common stock on the Nasdaq “will be on or about January 18, 2024.” Salem expects its stock to be quoted and eventually tradeable “on the OTCQX or other market operated by OTC Markets Group” beginning in January, “pending approval by OTC Markets.”