So far this year, 223 local TV stations have changed hands. This is the biggest wave of media consolidation ever — and it's all happening in small and mid-level markets, involving companies most people have never heard of. Leading this wave is Hunt Valley-based Sinclair Broadcast Group. Sinclair alone is behind seven deals this year, including a $985-million deal to buy nine stations from Allbritton Communications. But it's not alone; other media companies are also racing to gobble up stations.
Read more in the Baltimore Sun
Friday, November 8
Thursday, November 7
5 indicators of nonprofit news sustainability
One of the major nonprofit news funders, the John S. and James L. Knight Foundation, released a report Tuesday that deeply examines the vital signs of 18 well-established nonprofit news outlets.The report’s findings include some positive trends, with 14 of the 18 outlets showing a surplus in 2012. But some challenges remain, particularly when it comes to the level of investment these nonprofits are making in technology and business development.
Read more at Pew
Read more at Pew
Sunday, November 3
The media has a message ...
Two forces, working in grudging symbiosis, control the media: content producers and content distributors. If information travels along a highway, then the distributors own the road, and the providers make the stuff that rides on it. Neither has value without the other. But control both the road and its travelers, and a company might master its own destiny.
Read more at Fortune
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