The two-day NAB Show New York opened on a rainy October 16 at the Jacob K. Javits Convention Center in New York City. Ironically, it began with a talk about the weather in an opening session that featured NAB president and CEO Gordon Smith and ABC News' chief meteorologist Ginger Zee.
The conference and exhibition is organized annually by the Washington, D.C.-based National Association of Broadcasters, a lobbying arm of local U.S. radio and TV stations.
Another panel at NAB focused on the dwindling market for local TV stations. "There are fewer companies left to buy," said Nexstar Media's chairman and CEO Perry Sook. Nexstar recently purchased Tribune Media Group for $7.2 billion, which included 200 local TV stations.
During the panel, Sook said that the available pool of stations is shrinking: In 2001, there were 36 companies in local TV that had a national reach of two percent or greater. Now, that...