Tuesday, December 21, 2021

BIA Advisory Services: Local Radio Revenue Growth To Continue

Local radio revenue in the United States will increase 16% this year from its pandemic trough of 2020, and should continue to climb in 2022 though at a slower rate of about 6%. That’s according to Radioworld citing projections from BIA Advisory Services.

The research company released this chart showing recent and projected local revenue from radio’s over-the-air and digital platforms.

After the obvious ditch in 2020, BIA thinks radio local ad revenue will edge up to $12.79 billion this year and $13.54 billion in 2022. That’s still shy of where it was in 2019.

BIA projects that the digital portion will be 16% next year compared to about 14% three years before.

More broadly, BIA increased its 2022 U.S. local ad forecast across media to $173.3 billion, up from an earlier estimate of $161.5 billion.


“The 2022 forecast indicates an 11.4 percent increase over 2021 due to faster than anticipated growth in digital advertising and a strong political year,” it said in its announcement.

Mark Fratrik
SVP and Chief Economist Mark Fratrik called 2021 “a year of fluctuations,” with strong growth in the first half, then a stall when the Delta variant emerged. “We’ve taken pandemic concerns plus inflation and supply chain issues into account to prepare our local media estimates and, overall, we are bullish on ad revenue for 2022.”

Over-the-top (OTT) will grow about 57 percent this year, “surpassing the growth of mobile as consumers continue to embrace various streaming services on their TV screens.” Mobile, direct mail and PC/laptop continue as the top paid media channels for 2022.

Local television is slated to grow about 28 percent in 2022, boosted by political ads.

Tom Buono
BIA also said political spending is expected to be “very large” next year.

BIA CEO and Founder Tom Buono offered his assessment of the forecast saying, "Political spending is anticipated to be very large next year and other bright spots are surfacing that will affect ad revenue across the country for all media channels. As we continuously track economic conditions, we realize it's an ever-changing situation for local businesses, which affects their ad spend decisions. 

"Except for restaurants and various retail categories, we anticipate most business verticals to exceed 2019 levels in 2022."

Audacy Names Sarah Foss Chief Technology Officer


Audacy has elevated Sarah Foss to Chief Technology Officer, effective immediately. As Audacy’s first Chief Technology Officer, Foss will spearhead the company’s efforts to innovate and differentiate its products and services via new technological capabilities. She will continue to report to Rich Schmaeling, Chief Financial Officer and Executive Vice President of Strategic Initiatives.

Sarah Foss
Foss will manage Audacy’s key technology initiatives including: software development, ad tech, business intelligence and analytics, data solutions, and Audacy’s recently acquired live and on-demand audio streaming business, AmperWave. Foss had been serving as Audacy’s Chief Information Officer since joining the company in 2020.

“Audacy continues to invest in technology to create innovative offerings for its listeners, advertisers and clients,” said Schmaeling. “We are excited to have Sarah leading these critical areas to drive our transformation faster and further.”

“Audacy is in the enviable position that we have unique content, great platforms, and an appetite for transformative growth,” said Foss. “I am excited that technology is seen as an accelerant and differentiator for us at Audacy.”

Foss is a seasoned media technology executive with over 25 years of experience. Prior to joining Audacy in 2020, she served as Senior Vice President, Strategic Initiatives for FreeWheel Advertisers. Prior to that role, she had held various executive roles at global technology leaders such as Imagine Communications, YANGAROO, Inc., Encompass Digital Media, VCI Solutions, and Harris Corporation.

Foss is also a co-founder of Tech Bae, a tech focused organization for women in the media and advertising ecosystem to connect for mentoring, networking, and community.

Albuquerque Radio: FOX Sports 1350 AM to Debut In New Year

iHeartMedia Albuquerque announced Monday the debut of the new FOX Sports 1350 AM KABQ, effective Monday, January 3. The station will broadcast FOX Sports Radio's industry-leading programming around the clock on weekdays and weekends.

FOX Sports 1350 AM will feature a complete lineup of live sports entertainment shows, including FOX Sports Radio's "Two Pros and a Cup of Joe with LaVar Arrington, Brady Quinn & Jonas Knox," "The Dan Patrick Show," "The Doug Gottlieb Show" "Straight Outta Vegas with R.J. Bell," "The Odd Couple with Chris Broussard & Rob Parker," "The Jason Smith Show with Mike Harmon" and "The Ben Maller Show."

"We're thrilled to be able to bring the sports talk leader back to Albuquerque," said Hope Romero, Market President for iHeartMedia Albuquerque, Farmington and Gallup. "FOX Sports Radio leads the industry with the biggest names and best shows."

📻Full Weekday Lineup:
  • 7 a.m. -10 a.m. ET Two Pros and a Cup of Joe
  • 10 a.m. - 1 p.m. ET The Dan Patrick Show
  • 1 p.m. - 4 p.m. ET The Dan Patrick Show (replay)
  • 4 p.m. - 7 p.m. ET The Doug Gottlieb Show
  • 7 p.m. - 8 p.m. ET Straight Outta Vegas with R.J. Bell
  • 8 p.m. - 11p.m. ET The Odd Couple with Chris Broussard & Rob Parker
  • 11 p.m. - 3 a.m. ET The Jason Smith Show with Mike Harmon
  • 3 a.m. - 7a.m. ET The Ben Maller Show

December 21 Radio History


➦In 1988...WWPR 95.5 FM NYC switched call letters back to WPLJ.

Barry Gray 1951
➦In 1996...Barry Gray died (Born July 2, 1916).  He was an influential radio personality, often labeled as "The Father of Talk Radio".

Initially a disc jockey, Gray was working for New York's WMCA 570 AM in 1945 when he, bored one evening with simply spinning music, decided to put the telephone receiver up to his microphone and share his conversation with the listening audience. The caller that evening just happened to be bandleader Woody Herman, one of the most popular celebrities of the day. This spontaneous live interview was such a hit with both his listeners as well as station bosses, that the talk radio format resulted. Gray subsequently began doing listener call-ins as well.

Rival station WOR also saw the attraction of the talk format, and Gray worked an overnight shift there from 1945 to 1948 or 1949, interviewing everyone from Al Jolson to Adam Clayton Powell, Jr. He also broadcast for WMGM from the Copacabana night club in the late 1940s.  In addition during 1947 he hosted the New York-based show Scout About Town for the Mutual Broadcasting System, during which he would present an Award of the Week to popular stars of the stage such as Mitzi Green and Morey Amsterdam.

Gray broadcast on WMIE-AM radio from three Miami Beach nightclubs, the Copa Lounge, Danny and Doc's Jewel Box and the Martha Ray Club nightly in the fall of 1948 and into 1949 before he left the Miami area under some pressure. Gray bopped someone from his audience with his microphone,and this happened on the air. The impact was audible and the impact had been preceded by hot words of anger.

Barry Gray WMCA
Barry Gray returned to WMCA in 1950, and stayed there for 39 years, refining the talk show format still utilized today. During the 1960s, he was in the odd position of having an 11 p.m.-1 a.m. late night talk show on a station otherwise dominated by Top 40 music and the youth-targeted "Good Guys" disc jockey campaign.

After WMCA changed to an all-talk format in 1970, Gray was again fully in his element.  By the 1980s he had shifted from a late-night to a mid-day slot at the station.

Gray left WMCA in 1989 when it dropped its talk format, and went to work slightly up the dial for a return to WOR where he enjoyed national syndication. By the time of his death, his show was considered to be politically conservative.

➦In 2017...Sportscaster Dick Enberg, whose “Oh my!” calls rang familiar with so many sports fans,  suffered a fatal heart attack at age 82.  During the course of his 60 year career he called games and matches for CBS, NBC, ESPN, as well as UCLA Bruins basketball, Los Angeles Rams football, and California Angels and San Diego Padres baseball.

Phil Donahue is 86

🎂HAPPY BIRTHDAYS:

  • Talk show host Phil Donahue is 86. 
  • Actor Jane Fonda is 84. 
  • Actor Larry Bryggman (TV’s “As the World Turns,” film’s ”Die Hard: With a Vengeance”) is 83. 
  • Singer Carla Thomas is 79. 
  • Guitarist Albert Lee is 78. 
  • Actor Josh Mostel (“Billy Madison,” “Big Daddy”) is 75. 
  • Actor Samuel L. Jackson is 73. 
  • Singer Nick Gilder is 71. 
  • Actor Dennis Boutsikaris (“Better Call Saul”) is 69. 
  • Actor Jane Kaczmarek (“Malcolm in the Middle”) is 66. 
  • Country singer Lee Roy Parnell is 65. 
  • Entertainer Jim Rose of The Jim Rose Circus Sideshow is 65. 
  • Kaitlyn Dever is 25
    Former child actor Lisa Gerritsen (“Phyllis,” ″The Mary Tyler Moore Show”) is 64. 
  • Actor-comedian Ray Romano (“Everybody Loves Raymond”) is 64. 
  • Country singer Christy Forester of the Forester Sisters is 59. 
  • Drummer Murph of Dinosaur Jr. is 57. 
  • Guitarist Gabrielle Glaser (Luscious Jackson) is 56. 
  • Actor-comedian Andy Dick is 56. 
  • Actor Michelle Hurd (“Law and Order: Special Victims Unit’) is 55. 
  • Actor Kiefer Sutherland is 55. Actor Karri Turner (“JAG”) is 55. 
  • Actor Khrystyne Haje (“Head of the Class”) is 53. 
  • Country singer Brad Warren of The Warren Brothers is 53. 
  • Actor Julie Delpy is 52. 
  • Contemporary Christian singer Natalie Grant is 50. 
  • Singer-guitarist Brett Scallions (Fuel) is 50. 
  • Singer Lukas Rossi of Rock Star Supernova (TV: “Rock Star: Supernova”) is 45. 
  • Actor Rutina Wesley (“True Blood”) is 43. 
  • Keyboardist Anna Bulbrook of Airborne Toxic Event is 39. 
  • Actor Steven Yeun (“The Walking Dead”) is 38. 
  • Actor Kaitlyn Dever (“Last Man Standing”) is 25.


Monday, December 20, 2021

Harrisburg Radio: WTPA Returns To 93.5 FM With Classic Rock


CUMULUS MEDIA announces that it has re-launched the heritage Harrisburg, PA, Classic Rock station, 93.5 WTPA-FM. 

The station flipped from its previous Country format and branding as WZCY/93 NASH FM at 9:30am Eastern today, and launched the next generation of 93.5 WTPA, Central PA’s Classic Rock. The station welcomed Classic Rock fans back home to 93.5 WTPA with its first cut, Guns N’ Roses’ “Welcome to the Jungle.” 93.5 WTPA-FM previously aired as a Classic Rock station from 1985 to 2011.

93.5 FM (1.2 Kw)

Ron Giovanniello, Regional Vice President, Cumulus Pennsylvania, said: “It has been 10 long years since listeners have heard their favorite Classic Rock on 93.5 WTPA, and we are so excited to bring back this iconic and legendary Central PA radio station. The best classic rock on the radio is back on 93.5 WTPA, Central PA’s Classic Rock!”

Chris James, Program Director, 93.5 WTPA, commented: “I was at 93.5 WTPA when it signed on in 1985.  I spent 27 years at the station. To be able to bring it back to life again in 2021 is a definite career highlight. VERY excited for Central PA to get one of their favorite radio stations back!"   

Audacy Extends David Field As CEO, Susan Larkin As COO


Audacy has disclosed it has renewed employment agreements with CEO David Field and COO Susan Larkin. 

David Field
The disclosed were contained in a filing with the Securities Exchange Commission.

Audacy reports that Field will continue to serve as the company’s president and CEO and becomes effective January 1, 2022. The Field agreement has an initial term of three years with automatic one year extensions following the initial term unless either party provides prior notice of non-extension. Field’s annual base salary will be $1,350,000 and a target annual performance bonus of up to 200% of Field’s base salary. 

Field is eligible to receive a one time “EBITDA Bonus” of $3,000,000 only if, prior to December 31, 2024, the company’s EBITDA for the immediately preceding consecutive 12-month period exceeds $400,000,000. 

Susan Larkin
Field is also entitled to an equity grant of 1,000,000 restricted stock units, subject to the company’s shareholders’ approval of a new Company equity incentive plan at the 2022 annual shareholders meeting. Seventy five percent (75%) of these RSUs have performance-based vesting conditions while the remaining twenty five percent (25%) have time-based vesting conditions. Fields’ performance-based RSUs come after achieving company stock price increases. He receives 250,000 RSUs for hitting the stock price of  $6.00; 250,000 for hitting $9.00 per share and 250,000 for reaching the $12.00 per share threshold. 

Audacy also retroactively amended EVP and COO Susan R. Larkin that increases her annual salary to  $750,000 and applies retroactively from June 1, 2021 through May 4, 2023. Her agreement further amends the provision related to future equity grants so that Larkin will be entitled to an increased amount of future grants of restricted stock and/or stock options with an aggregate annual target amount of $500,000.

FCC Chair Opposes Efforts To Silence Fox News, Others


FCC chair Jessica Rosenworcel  made it clear to Republican lawmakers before her succesful conformation vote (68 to 31) earlier this month to a new, five-year term that she did not support efforts by “some liberal organizations” to remove conservative cable channels from their lineups or for the agency to use its license revocation power on broadcasters.

That assertion came in written answers to questions submitted after her confirmation hearing last month, according to nexttv.com.

Rosenworcel was asked by at least three different Republicans about the issue of viewpoint diversity and alleged censorship of cable and broadcast.

This was how the question was posted by Sen. Marsha Blackburn (R-Tenn.): “There have been efforts by some of our colleagues in the House of Representatives to pressure MVPDs into removing Fox News, Newsmax and other conservative channels from their lineups. There have also been calls by some liberal organizations to have the FCC revoke the licenses of broadcasters like Sinclair. Are you in favor of these calls to use the FCC to remove certain viewpoints from the airwaves?”

In an answer that would have made the late Rep. John Dingell proud, her answer was a succinct: "No."

Sen Rick Scott (R-Fla.) got right to the “C” word (censorship): “The FCC has authority over broadcast licenses. As a nominee for this bipartisan commission, do you believe the government has the authority to censor opinions?”

“No,” said Rosenworcel, adding: “FCC authority is limited by the First Amendment and Section 326 of the Communications Act.” That section says the FCC has no authority to censor speech.

Chicago Radio: Bob Sirott Set For Extended Stay At WGN Radio


WGN 720 AM has extended their contract with morning drive host Bob Sirott. Beginning January 3, Bob Sirott will be heard weekdays from 6am to 10am.

Bob Sirott
"We are delighted to announce that Chicago's Very Own Bob Sirott and his uniquely entertaining morning show will continue to be heard on Chicago's Very Own WGN Radio 720. Bob has been an iconic voice in Chicago since 1973 and we're fortunate to have his voice and talent as we head into our 100th year and beyond," said WGN Radio Vice President and General Manager Mary Boyle.

"The station calls it work - I call it fun," said Sirott. "It's a forgotten commodity at most radio and TV stations today. But Sean Compton, a true fan of radio, gets it. And who knows, someday I may turn into a morning person."Sirott's acclaimed broadcasting career has spanned nearly five decades at several Chicago radio and television stations. 

In 2015 he was recognized for his achievements in the media industry and inducted into the Silver Circle by the Chicago/Midwest chapter of the National Academy of Television Arts and Sciences. 

Sirott has been WGN Radio's morning drive host since 2020.

CNN Closes Offices To Nonessential Workers


CNN has closed its offices to nonessential workers in a return to early pandemic shutdown measures, the cable channel announced Saturday.

Only employees who must work onsite will be allowed in US offices and must be masked up, CNN President Jeff Zucker said in a memo to workers.

“We are doing this out of an abundance of caution,” Zucker said in the memo, which was shared with Reuters. “And it will also protect those who will be in the office by minimizing the number of people who are there.”

The move comes as coronavirus cases soar in the US and fears of the new Omicron variant mount.

The start of a new wave of infections has led to cancellations of Broadway shows and other events, reminiscent of the shutdown measures of the early days of the pandemic, when many aspects of daily life and commerce came to a grinding halt.

The move comes at a crucial time where coronavirus cases have soared in the US, along with the fear of how powerful the new Omicron variant poses.

The move comes at a crucial time where coronavirus cases have soared in the US, along with the fear of how powerful the new Omicron variant poses.

“Like other major media companies, CNN is making changes due to the new Covid surge,” CNN media correspondent Brian Stelter tweeted on Saturday. “Back to 2020 protocols, essentially … TV news 101: Networks always have to ensure that control rooms and shows can remain on the air.”

The restriction is supposed to be temporary — with workers set to return in January, according to the Wall Street Journal, which first reported the closure and cited sources.

CNN had required proof of vaccination for in-office and in-the-field workers, and the station fired three employees last summer – while the return to the office was voluntary — for going to work without having been jabbed. Zucker said at the time that the company has a “zero-tolerance policy” about people coming to work unvaccinated.

Wake-Up Call: Biden's BBB Blocked

Democratic Senator Joe Manchin has said he will not vote for President Joe Biden's big Build Back Better Act. The senator's opposition effectively kills the bill, given the slim majority Democrats hold in the Senate. The $1.9 trillion spending plan focused on social services, childcare, healthcare, and climate change. Manchin announced his decision on Fox News Sunday.


The White House reacted with fury, saying that Manchin had submitted his own outline for a revised bill, and discussions had been continuing. In a statement, Press Secretary Jen Psaki called Manchin's statement "a sudden and inexplicable reversal in his position, and a breach of his commitments to the president and the senator's colleagues in the House and Senate."

➤COVID TEST SITES STRAINED UNDER HOLIDAY RUSH:
Americans looking forward to holiday get-togethers are finding it harder to get a COVID test before they go. The test is recommended by the Centers for Disease Control for people planning to travel or attend mixed gatherings. But long lines at test sites and a shortage of at-home test kits are making it harder for people to comply.

Meanwhile, the rapid spread of the omnicron variant of COVID is causing some to rethink their plans:
Harvard University will return to remote learning at least for the first three weeks of January. Another Ivy League school, Cornell, has decided to administer its final exams remotely.
 
Prince George's County in Maryland has become the first large school district to return to at-home schooling for at least the first two weeks in January. New York City has closed more than 800 of its classrooms due to the rapid rise of COVID infections in the city.

Also in New York, a number of Broadway shows have canceled one or more performances due to positive COVID tests among cast and crew.

➤FAMILY OF 7 AMONG KENTUCKY DEAD: An entire family of seven in Bowling Green, Kentucky, were among the victims of the tornado that swept through five states, killing at least 90 people on December 10th. According to The New York Times, Stephen and Rachel Brown, their four children, and the children's grandmother Victoria Brown, all were killed in the storm.


➤JOHNNY ISAKSON DIES AT AGE 76: Johnny Isakson, former U.S. Senator from Georgia, has died at age 76. A real estate millionaire, Isakson played a prominent role in Republican politics in Georgia over three decades. He retired from the Senate in 2019.

➤BLAME THE BOOMERS: So this is why we have a labor shortage. A whopping 90% of the 3.6 million people who left the labor force last month were over age 55, according to a report in CNN. Many decided to retire because of concerns over the pandemic, while others were forced out of their jobs because of business slowdowns in some sectors.
 
There are signs that at least some of those baby boomers are being lured back to work. About 2.6% of retired people "unretired" in the past few months.

➤TRUMP WHITE HOUSE UNDERMINED COVID FIGHT: The Trump White House engaged in deliberate efforts to undermine the federal response to the COVID-19 pandemic for political reasons, according to a congressional report released on Friday. The House investigative subcommittee alleges that the White House repeatedly overruled public health experts and silenced officials in order to promote then-President Donald Trump's agenda.

CHECK IT OUT: For details on the subcommittee report, click here.

➤NOW WE'RE RUNNING OUT OF CANDY CANES: Now we've got a shortage of candy canes to deal with, just in time for the holidays. Economy Candy, a New York City store that specializes in candy canes, has run out of stock for the first time since it opened its doors in 1937, according to The New York Post. In a classic example of trickle-through economics, this is also affecting the production of gingerbread houses and the nation's supply of Christmas tree ornaments. A shortfall in peppermint production is blamed.

🤶THE WORST ASSUMPTION PEOPLE MAKE ABOUT THEIR SINGLE COLLEAGUES DURING THE HOLIDAYS:  Many people get December holidays off, but workers in certain industries need to stay on the clock on typical days off. All too often, companies assign holiday workdays to people who are single and/or don’t have children under the assumption they need the time off less than their peers who are married and/or parents. Social Scientists Bella DePaulo calls the stigmatizing of and discrimination against people who are single “singlism.” She tells the Huffington Post, “Single people have people who matter to them, and commitments and interests and passions that matter to them. All that should be irrelevant, anyway: [The] workplace should be about work. Everything should even out—how often you get to leave early, come in on the holidays, get your choice of vacation times, etc.—such that over time, every worker is treated the same, and marital status or parental status do not matter at all.” Some suggest work places should offer incentives for workers to take holiday shifts, while others said companies should put holiday shifts up for grabs as there are “definitely folks who prefer to work those shifts for a variety of reasons” and then any remaining gaps that need to be filled in should be filled via some type of rotating schedule or by pulling worker names out of a hat.

➤TREVOR NOAH SUES NEW YORK CITY DOCTOR AND HOSPITAL FOR NEGLIGENCE: According to a lawsuit obtained by People, Trevor Noah is suing a New York City doctor and hospital for care that left him “rendered sick, sore, lame, and disabled.” The Daily Show host was under the care of Dr. Riley J. Williams at the Hospital for Special Surgery from August 25, 2020, to December 17, 2020. During this time, it is reported that he had surgery on November 23, 2020.

Trevor Noah
Court documents show that Noah believes the doctor and hospital were “negligent and careless in failing to treat and care for [him] in a careful and skillful manner.”

The documents also show that Noah says that he “sustained severe and painful personal injuries; sustained severe nervous shock, mental anguish, severe emotional distress, and great physical pain; was confined to bed and home for a long period of time; was compelled to undergo hospital and medical aid, treatment, and attention; has suffered a loss of enjoyment of life; was prevented from engaging in his usual occupation for a long period of time; and since some of his injuries are of a permanent nature, he will continue to suffer similar damages in the future.”

The Hospital for Special Surgery has denied any wrongdoing and a spokesperson for the hospital said Noah’s claims are “meritless.” Despite the injuries he sustained from this surgery, Noah is still scheduled to host the Grammy Awards in 2022.

🏈NFL SCORES -- WEEK 15:
  • Dallas Cowboys 21, New York Giants 6
  • Houston Texans 30, Jacksonville Jaguars 16
  • Pittsburgh Steelers 19, Tennessee Titans 13
  • Miami Dolphins 31, New York Jets 24
  • Detroit Lions 30, Arizona Cardinals 12
  • Buffalo Bills 31, Carolina Panthers 14
  • Cincinnati Bengals 15, Denver Broncos 10
  • San Francisco 49ers 31, Atlanta Falcons 13
  • Green Bay Packers 31, Baltimore Ravens 30
  • New Orleans Saints 9 Tampa Bay Buccaneers 0

Monday Night Football on ESPN: Minnesota Vikings at Chicago Bears (8:15 PM ET)

🏈BRONCO'S BRIDGEWATER INJURED: Denver Broncos quarterback Terry Bridgewater suffered a head injury during the Broncos game against the Cincinnati Bengals. He was carted off the field during the third quarter of the game, which the Broncos lost 15-10. The team later announced that Bridgewater would be hospitalized overnight for further evaluation but that "everything has checked out well."

🏒NHL SHUTS DOWN THE BORDER: Citing the "fluid nature" of COVID-related travel restrictions, the National Hockey League and its players association has temporarily suspended games whose players cross the border between the U.S. and Canada to play. Canadian teams will not play U.S. teams from now through Thursday. In addition, the NHL asked the management of the Detroit Red Wings to shut down operations for now. Previously, the same request went out to the Colorado Avalanche, Florida Panthers, Calgary Flames, Nashville Predators, and Boston Bruins. The NHL hopes that the respite will allow them to salvage the season.

🏈PACKERS CLINCH PLAYOFFS PERCH: The Green Bay Packers defeated the Baltimore Ravens 31-30 yesterday. And with that the Packers clinched the NFC North title and became the first NFL team to seal their place in the playoffs.


🏌DALY AND SON TRIUMPH: John Daly and his son, John II, won the PNC Championship in Orlando yesterday. The father-son duo shot 57 and a 36-hole total of 27-under 117. They shared the spotlight with Tiger Woods and his son, Charlie, who came in second and scored a tournament-record 11 birdies in a row and shot 15-under 57. It was Tiger's first tournament appearance since a serious car accident 10 months ago.

🌃‘CHRISTMAS COMET’ TO FLY THROUGH SKY, WON’T BE BACK FOR 80,000 YEARS: This Christmas, stargazers will get a gift as the brightest comet of 2021 moves through the evening sky. Comet C/2021 A1, more commonly referred to as comet Leonard, was discovered earlier this year and made its closest approach to Earth on December 12th. Before its approach, it was visible only in the early morning sky, but its journey has now made it more prominent in the evening sky. The “Christmas comet” will appear in the evening sky throughout the rest of the year, but you should look for it sooner rather than later as it will become dimmer and dimmer heading into the last days of the month. Program executive at NASA headquarters, Gordon Johnston says, “This comet should be visible with a backyard telescope or binoculars and may be visible to the naked eye under very clear and dark observing conditions.” He says it will look like a fuzzy green star with a small tail. The coming nights will be the only chance to see comet Leonard as it will not swing past Earth again for another 80,000 years.



YouTubeTV, Disney Deal, Blackout Ends


Alphabet Inc' YouTube TV began restoring access to Walt Disney Co (DIS.N) channels on its platform on Sunday, after the companies reached a distribution agreement to end a two-day blackout, reports Reuters.

YouTube tweeted that "we've reached a deal with Disney and have already started to restore access to channels like ESPN and FX."

Neither company disclosed the financial terms of deal.

YouTube warned last week that it would only renew its agreement with Disney if the company offered "equitable terms" and announced that it was cutting the monthly price for YouTube TV by $15, from $64.99 to $49.99.

On Sunday, YouTube said a monthly subscription had reverted to $64.99, but affected users would receive a one-time $15 discount.

"We appreciate Google's collaboration to reach fair terms that are consistent with the market," Disney said in a statement on Sunday.

YouTube earlier this month struck a multi-year pact with streaming platform Roku Inc (ROKU.O) to distribute YouTube's flagship app and TV service, ending a months-long battle over accusations of anti-competitive conduct.

Report: Bruce Springsteen Born To Cash-In


The historic Bruce Springsteen-Sony Music deal underscores a new age within the music industry as streaming, led by Spotify and Apple, continues to balloon the value of songs and records. 

Guillermo Page, a former record label executive who worked for Sony and Universal, told Yahoo Finance that "streaming has provided stability."

"The key is that the business has become predictable," according to Page, who now teaches in the music program at the University of Miami. 

Investors "can trust in the future of the business because it's growing. When you eliminate the uncertainty, it opens up a new door for investors to come in and snap those assets," he added.

Page said that Springsteen's deal is particularly interesting, since it shows how record labels now want a piece of the action — as opposed to music investment funds like London-based Hipgnosis. 

"The record labels have decided to not let these type of deals fall through the cracks and lose valuable assets in their catalogs," he said. 

Springsteen is not the only big-name artist to strike publishing deals, as the dominance of streaming sparks a rush for artists — especially older ones — and labels to capitalize on a surge in revenue. 

In May 2021, The Red Hot Chili Peppers sold the rights to its song catalog for a reported $150 million. Last year, Bob Dylan sold over 600 copyrights to Universal Music Group in a deal reportedly valued at over $300 million. Prior to that, Stevie Nicks sold a majority stake in her songwriting for a reported $100 million.

"You're seeing all major acts from the 70s, 80s, and 90s that are riding the wave of streaming," Page said, explaining that artists can now "capture a ton of money" in ways they were not able to do in the past. 

"It's the perfect storm for artists who can now maximize their return on the sale of those assets," he continued.

In the case of Springsteen, the rocker sold both his masters (the recordings of the actual songs), along with his songwriting (also known as the publishing side of the business).

"It's like two deals in one because [Sony] is acquiring both sides of a song," Page explained. 

For context, music publishing encompasses the copyrights for songwriting and composition, such as lyrics and melodies. Although publishing rights are often not worth as much as actual recordings, they can still lead to a significant amount of revenue over time with radio play, advertising, movie licensing and more.

Overall, the former record label exec. said he expects more catalog deals in the future as "the investors are out there." 

In addition, he surmised that more up-and-coming artists are going to want to own their masters, a direct result of their predecessors' success.