A group of business owners in the industry have come together to form the first wholly minority-owned holding company in advertising. The new holding company unites commonground, MGSCOMM, The Vidal Partnership, Cunningham Group, SWAY Public Relations, CG Works, Post Master, and Run Wild Productions.
Seeing the writing on the wall at the Federal Communications Commission, Sinclair Broadcast Group said late Thursday it would restructure its deal to buy Allbritton's TV group. As part of the restructuring, Sinclair will no longer propose to enter into shared service and joint sales agreements in three markets where it is adding ABC affiliates from Allbritton.
Acting Federal Communications Commission chairwoman Mignon Clyburn may be keeping the seat warm for nominee Tom Wheeler, but she isn't sitting on her hands. Over the weekend, Clyburn put a study on the impact of cross-media ownership on minorities and women up for comment.
One of the biggest arguments against liberalizing the cross-ownership of media properties in a local market—that it would limit minority and female ownership—was shot down in a study conducted as part of the Federal Communications Commission's long-overdue review of media ownership rules.
Here's a shocker: The Federal Communications Commission's proceeding on media ownership rules is now officially on hold pending an impact study on how cross-ownership affects minority ownership. It could be late spring, even summer, before the proceeding, already two years behind schedule, starts rolling again.
Federal Communications commissioner Ajit Pai made it clear where he stands on media ownership rules. In a no-holds-barred style that is becoming the GOP commissioner's trademark, Pai laid out a vigorous defense for loosening or eliminating the rules that govern how many broadcast stations and newspapers a company can own in any one market.
Senate Dems threatened to pass a resolution of disapproval over the Federal Communications Commission’s media ownership rules, currently under circulation at the agency. The threat came from Sen. Maria Cantwell (D-Wash.) during today's Senate Commerce renomination hearing of commissioner Mignon Clyburn.