TEGNA to be Acquired by Standard General – TEGNA Inc. and Standard General L.P. today announced that TEGNA and an affiliate of Standard General have entered into a definitive agreement under which TEGNA will be acquired by the Standard General affiliate for $24.00 per share in cash. The transaction has an equity value of approximately $5.4 billion and an enterprise value of approximately $8.6 billion, including the assumption of debt.
Soo Kim, Founding Partner of Standard General, commented, “As long-term investors in the television broadcasting industry, we have a deep admiration for TEGNA and the stations it operates and, in particular, for TEGNA’s talented employees and their commitment to serving their communities. We are excited to partner again with Deb McDermott, who previously spearheaded the broadcast group at Media General, where Standard General was a principal shareholder. We believe TEGNA has a strong foundation and exciting prospects for continued growth as a result of the stewardship of the Board and the current management team. We look forward to building on the Company’s strong foundation and leveraging Deb’s deep industry experience to drive further growth.”
The transaction is subject to approval by TEGNA shareholders, regulatory approvals, and other customary closing conditions, and is expected to close in the second half of 2022.
Following the close of the transaction, TEGNA stations in Austin (KVUE), Dallas (WFAA and KMPX) and Houston (KHOU and KTBU) are expected to be acquired by Cox Media Group (“CMG”) from Standard General.
Upon completion of the transaction, TEGNA will become a private company and its shares will no longer be traded on the New York Stock Exchange.
Paysafe Launches Multi-State iGaming Payments Partnership With Bally’s – Paysafe , a leading specialized payments platform, today announced a new partnership with Bally’s Corporation, a global casino entertainment company with a growing omni-channel presence of online sports betting and iGaming offerings. Paysafe has launched the partnership by streamlining player deposits for both the new Bally Bet online sportsbook for Arizona and the BallyCasino.com brand for New Jersey.
Through an integration with Paysafe’s payment gateway, the Bally Bet online sportsbook in Arizona will allow players within state lines to easily deposit funds with the brand using their credit or debit card. After funding their Bally Bet account, sports bettors can then wager on a comprehensive range of sports markets.
Simultaneously, the BallyCasino.com real-money online casino for New Jersey has plugged into the Paysafe payment gateway. Whether players are staying at the Bally’s Atlantic City Casino Resort or enjoying the iCasino product elsewhere in the Garden State, they can now quickly and securely fund their BallyCasino.com account with a credit or debit card, with the transaction seamlessly processed by Paysafe.
Snapchat’s Creative Council Launches “Hey, You Good?” – The program was developed to educate Snapchatters through real conversations about mental health issues impacting Black Communities.
Snap initially launched the Snapchat Creative Council in September 2020 as a first of its kind multi-year partnership with ADCOLOR bringing together leading creatives to build AR campaigns tackling issues disproportionately affecting Black communities to drive awareness to Snapchatters.
Now, Snap is sharing the latest winning campaign developed by a team of leading creatives including Djenaldbeth Louis (Brand Strategy, Material), My-Linh Tran (Senior Inclusive Marketing Strategist, Code and Theory), Karlie Thornton (Founder, froSkate) and Olivia Nguyễn (Brand Strategist, Klick Health).
The project also includes a microsite with resources for young people to find a therapist as well as a four-part video series with conversations about anxiety, toxic masculinity and trauma facilitated by a mental health professional.
FOX News Channel to Present Special Live Coverage of President Biden’s 2022 State of the Union Address – FOX News Channel (FNC) will present special live coverage of President Biden’s State of the Union address to a joint session of Congress and the Republican response from Washington, D.C. on Tuesday, March 1st, beginning at 8:55 PM/ET.
Co-anchored by chief political anchor and Special Report’s Bret Baier along with The Story anchor and executive editor Martha MacCallum, the network’s coverage will include contributions from America’s Newsroom co-anchor Dana Perino, senior political analyst Brit Hume, and The Five’s rotating co-host and former Democratic congressman Harold Ford Jr. as well as FOX News contributor Ben Domenech from Washington. Additionally, White House correspondent Jacqui Heinrich and Congressional correspondent Chad Pergram will offer live reports from the White House and Statuary Hall. [FOX]
Disneyland Resort Ignites the Night with Return of Four Nighttime Spectaculars and a New Finale for ‘Main Street Electrical Parade’ – Disneyland Resort proudly presents the homecoming of four beloved nighttime spectaculars and a new grand finale to the “Main Street Electrical Parade” for its 50th anniversary. On April 22, 2022, the “Main Street Electrical Parade” and “Disneyland Forever” fireworks spectacular will ignite the night at Disneyland Park, and “World of Color” will return to Disney California Adventure Park. “Fantasmic!” is preparing for its return to Disneyland on May 28, 2022.
OnePlus Now Official Smartphone of The Boston Marathon – Today, global mobile technology brand OnePlus announces it will be the official smartphone of the upcoming 126th annual Boston Marathon. For over eight years, OnePlus has challenged the status quo when it comes to creating premium android smartphones and providing high-quality, durable devices at an affordable price point globally. With the debut of its 9 series flagship smartphone line in 2021, and the 10 Pro officially making its way to North America in 2022, OnePlus products were made to bring high-speed performance to a new generation of mobile technology users.
Apple Original “The Snoopy Show” returns for season two Friday, March 11, plus more Peanuts originals and classic specials coming soon to Apple TV+ – Apple today released the official trailer for season two of “The Snoopy Show,” which is set to premiere with all six episodes Friday, March 11 on Apple TV+.
Peanuts fans all around the world can also look forward to two brand new Peanuts specials coming soon to Apple TV+, including “It’s the Small Things, Charlie Brown” a new original special in celebration of Earth Day featuring an original song by American singer-songwriter Ben Folds, premiering on April 15; and, “To Mom (and Dad), With Love,” launching on Friday, May 6, just in time for Mother’s Day Sunday.
Also coming soon to Apple TV+ through its partnership with WildBrain are classic Peanuts titles, including “Charlie Brown’s All Stars!,” “You’re Not Elected, Charlie Brown,” “She’s a Good Skate, Charlie Brown,” “It’s Flashbeagle, Charlie Brown” and “Snoopy’s Reunion.” The anthology collection will make its streaming debut March 4, on Apple TV+. [Apple]
YouTube announces their 2022 AdBlitz winners below, featuring the top five commercials based on your views as of February 16, 11:59 p.m. EST – Amazon takes home the top prize and clinches its third win in a row for its Alexa ad featuring Scarlett Johansson and Colin Jost and landing over 67 million views.
Hyundai did not air its commercial during the big game, but the ad featuring an evolving Jason Bateman was still a huge hit on AdBlitz. [YouTube]
The Google for Games Developer Summit returns digitally on March 15, 2022 at 9AM Pacific. From mobile to cloud, learn about our new solutions for game developers that make it easier to build high-quality games and reach audiences around the world.
The event keynote kicks off at 9AM Pacific and is open for all. Check out the full agenda today at g.co/gamedevsummit.
