Local broadcasters form joint venture to provide highspeed data transmission services to clients across the US
NEWS
Local broadcasters form joint venture to provide highspeed data transmission services to clients across the US
Four of the largest independent local broadcasting groups in the US have come together to form EdgeBeam Wireless – a joint venture created to provide wireless data services to a wide range of businesses and industries across the country .
They are the E . W . Scripps Company , Gray Media , Inc ., Nexstar Media Group , Inc . and Sinclair , Inc .
Using the broadcasters ’ existing ATSC 3.0 facilities to deliver data has immediate applications for industries that need to send data to multiple customers , often in real time .
Among EdgeBeam ’ s potential applications are automotive connectivity , content delivery networks and enhanced GPS .
The partnership is pitched as creating a spectrum footprint that no individual broadcaster could achieve on its own , unlocking the potential of ATSC 3.0 to offer nationwide coverage for data delivery to billions of potential devices on market-disrupting terms . EdgeBeam anticipates partnering with other broadcasters for additional capacity to offer truly nationwide services . A national ATSC 3.0 footprint could also allow broadcasters to provide a complementary backup to existing GPS capabilities in the event
GPS satellites were subject to interference – helping to secure the US economy .
“ The launch of EdgeBeam Wireless is the culmination of many years of technological advancement , market development and , importantly , recognition by government regulators of the expanded services local broadcasters can provide through ATSC 3.0 technology ,” said Scripps President and CEO Adam Symson .
Legion Technologies Secures $ 50m from Silicon Valley Bank
Legion Technologies , an innovator in workforce management ( WFM ), has received $ 50 million in financing from Silicon Valley
Bank ( SVB ), a division of First Citizens Bank .
analyze schedules and timesheets , create and moderate newsfeed content within the Legion app and customize their app experience to suit their needs .
The raise , which brings Legion ’ s total funding to $ 195 million , follows a $ 50 million growth round led by Riverwood Capital in 2024 .
Sanish Mondkar , founder and CEO , Legion said : “ Our tremendous growth stems from the accelerating need for effective workforce management solutions , and this latest financing from SVB further proves that Legion ’ s intelligently automated , employee-centric platform is the best choice for today ’ s hourly employees .”
When over half of managers told Legion ’ s 2024 State of the Hourly Workforce report they don ’ t have enough time to focus on the parts of their job that they enjoy , these AI assistants are seen as reducing the time spent on administrative tasks and communications , so managers can focus on more fulfilling , success-driving tasks .
Marisa Phan , Managing Director , Silicon Valley Bank , said : “ There is increased demand for AI-native workforce management solutions that can improve both labor operations and the employee experience .
“ Legion has successfully been working to transform the hourly work experience to meet the needs of the modern employee . With this latest financing , we are proud to support Legion as it enables intelligent automation to shape a new future of work .”
Legion has also furthered the development of its innovative Generative AI assistants – conversational agents that help users
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