Innovative Joint Venture to Revolutionize Data Broadcasting

Local Broadcasters Unite for Advanced Data Services

ATLANTA, Recent Update -- Four of the nation's prominent independent broadcasting groups have joined forces to establish EdgeBeam Wireless, LLC, aimed at delivering powerful wireless data services to diverse business sectors across the nation.

The launch of this venture, led by notable players including The E.W. Scripps Company, Gray Media, Inc., Nexstar Media Group, Inc., and Sinclair, Inc., coincided perfectly with key engagements at the recent Consumer Electronics Show.

By leveraging the innovative ATSC 3.0 transmission standard, EdgeBeam Wireless is set to provide a broad, reliable, and secure platform for data delivery. This technology allows data to be sent through existing broadcasting facilities, making it an immediate solution for sectors that often need to transmit real-time data to various clients. This approach offers a cost-efficient alternative that enhances existing wireless capabilities.

Transformative Applications of EdgeBeam's Services

EdgeBeam Wireless envisions several applications for its cutting-edge services:

Automotive Connectivity

The automotive sector stands to benefit significantly, particularly regarding ongoing software updates, infotainment systems, precision navigation, and enhanced safety features. Estimates suggest that automotive connectivity services could represent a market value of roughly $3.7 billion annually.

Content Delivery Networks

With a focus on streaming efficiency, EdgeBeam seeks to enhance viewer experiences by minimizing buffering and lag during high-stakes events like live sports. The market for these content delivery services could reach an impressive $3.65 billion each year.

Enhanced GPS Solutions

Using ATSC 3.0 technology, EdgeBeam can refine GPS accuracy from meters to mere centimeters, creating a substantial market opportunity estimated at around $220 million per year.

Nationwide Data Delivery Potential

EdgeBeam is poised to deliver data nationwide to various devices equipped with ATSC 3.0 receivers, including vehicles, drones, marine crafts, and mobile devices. This collaboration among major broadcasters not only expands their spectrum footprint but also leverages the power of ATSC 3.0 to ensure nationwide data transmission capabilities. The journey doesn't stop here; there are plans to collaborate with additional broadcasters for enhanced capacity, promising true nationwide services.

One of the exciting prospects includes creating a complementary backup to conventional GPS services, potentially safeguarding various sectors against interference issues impacting satellite signals, thus fortifying the U.S. economy's data infrastructure.

“The formation of EdgeBeam Wireless combines years of technological advancements with market readiness, highlighting regulatory recognition of broadcasters' enhanced service capabilities through ATSC 3.0,” remarked Scripps President and CEO Adam Symson, expressing enthusiasm for enriching local communities and broad industries alike with efficient data services.

Leadership Statements on EdgeBeam's Launch

Gray Media's Executive Chairman and CEO Hilton Howell also echoed optimism regarding EdgeBeam, noting the growing integration of ATSC 3.0 receivers and their expansion into new business areas to maximize broadcast signal usage.

Nexstar's CEO Perry Sook stated, “We genuinely believe that transmitting high-speed data through our broadcast framework represents a pivotal advancement for the industry. This collaboration opens new avenues for significant revenue streams.”

Sinclair’s President and CEO Chris Ripley labeled the initiative as groundbreaking, predicting substantial improvements for the wireless ecosystem, alleviating data congestion while maintaining competitive pricing for extensive data distribution.

About the Partner Companies

The E.W. Scripps Company (NASDAQ: SSP) stands as a cornerstone in delivering high-quality journalism and operating over 60 stations, reaching vast U.S. households with engaging news and entertainment content.

Gray Media (NYSE: GTN), a key player in multimedia, facilitates access to popular local television stations and digital assets across 113 markets, furthering the goal of customer engagement through refined digital marketing solutions.

Nexstar Media Group, Inc. (NASDAQ: NXST) thrives as a diversified media powerhouse showcasing local and national news with an expansive reach to approximately 220 million people through its broad station network.

Sinclair, Inc. (Nasdaq: SBGI) continues to be an industry leader with its robust portfolio of 185 television stations, enhancing local and national news delivery through diverse platforms.

Frequently Asked Questions

What is EdgeBeam Wireless?

EdgeBeam Wireless is a joint venture established by major broadcasting companies to provide efficient wireless data services across various industries.

Who initiated the formation of EdgeBeam Wireless?

The E.W. Scripps Company, Gray Media, Nexstar Media Group, and Sinclair are the four key companies collaborating to create EdgeBeam Wireless.

What technology is EdgeBeam utilizing for data delivery?

EdgeBeam is leveraging the ATSC 3.0 transmission standard for its data delivery services.

What markets does EdgeBeam target?

EdgeBeam aims to target automotive connectivity, content delivery networks, and enhanced GPS services among others.

How does EdgeBeam support existing services?

EdgeBeam's approach ensures robust data services while providing a supplementary backup for conventional GPS systems, enhancing overall data reliability.

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