Bressler, Pittman To Pitch iHeart at ‘Communacopia’
The Goldman Sachs Communacopia + Technology Conference is one of the nation's biggest financial events for institutional investors. And, the nation's No. 1 owner of radio stations and producer of audio content will have a presence there.
Salem Confirms Upstate S.C. Market Exit
Nine years ago, Salem Media Group added a second FM to the Greenville-Spartanburg market to pair with its conservative Talker branded today as "The Answer." This yielded "Earth FM," today an Adult Hits station with a simulcast partner reaching Anderson and Clemson. Those FMs have just been sold, and investors were hardly pleased.
As Expected, Nasdaq Delivers Noncompliance Letter To Urban One
The nation's foremost multimedia company superserving African American consumers has confirmed that it is in receipt of a letter from the Nasdaq stock market notifying it that it is not in compliance with its listing rule. It's hardly a surprise, and as far as Urban One is concerned, it's merely a formality.
With Shares Near One-Year Low, Entravision To Present At IDEAS Affair
Its foundation is in radio and television serving Spanish-speaking Hispanics across the U.S., but its revenue drivers and future is squarely focused on global digital advertising solutions. That's perhaps a message the Chief Financial Officer of publicly traded Entravision will be sharing next week at an investor conference being held in Chicago.
More Share Erosion Pushes Audacy To Historic Low
With 15 minutes left in Tuesday's trading, Audacy Inc. shares had plummeted by 31% from Monday's close, putting the company founded by Joseph Field as Entercom in a potentially precarious position.
Nexstar Preparing For September Investor Conferences
A pair of major investor conferences are on the calendar for September, and a soon-to-retire senior executive at Nexstar Media Group, along with the company's EVP/Chief Financial Officer, will be in attendance at each of this events.
Veritone Shares Collapse Following Report of Q2 Loss
It's a technology company familiar with broadcast media, thanks to its enterprise AI software and services. Veritone has enjoyed increased awareness in recent years from both...
Audacy ‘Going Concern’ Statement, Hints of Sales, Sink Stock
Investors in audio content creation and distribution company Audacy may be a little nervous thanks to a 10-Q filing made Monday with the SEC that shares the company's status as a "Going Concern" — and how plans are in the works to sell "certain assets" in two top markets. As of 11am Tuesday, "AUDA" was off by nearly 13%, to 95 cents per share.
Urban One’s Q1 and Q2 Reports? A Late Q3 Reveal Could Come
As RBR+TVBR previously reported, Urban One has not yet released its first quarter 2023 fiscal results. It is now known that the Q1 and Q2 2023 results will likely not arrive from the African American-focused multimedia company for perhaps another six weeks.
Friday’s Q2 Reports: Scripps, Gray Television
The second quarter 2023 earnings reports continue on Friday morning, with the release of fiscal health check from broadcast TV station owners The E.W. Scripps Co., and Gray Television.
Salem To Release Its Q2 Results In One Week
How did Salem Media Group perform, fiscally speaking, in the second quarter of 2023? The answer will be revealed by the multimedia company following the Closing Bell for U.S. financial markets on Tuesday.
Cumulus Shares Reach Six-Month High
With the release on Friday morning of Cumulus Media's second quarter 2023, the audio content creation and distribution company enjoyed a share surge that put CMLS, which trades on the Nasdaq, at $5.54. On Monday, shares saw further improvement, putting Cumulus in a strong position.
Have You Seen RBR+TVBR’s New Expanded Stock Ticker?
By popular demand, the homepage of the Radio + Television Business Report's website has a new, detailed look at every publicly traded broadcast media company's stock price — including key Canadian companies traded on the TSX.
Cumulus Shares Surge On Positive Q2 Results
While Atlanta-headquartered Cumulus experienced a year-over-year quarterly loss on extremely difficult comps, as 2022 included record political advertising revenue, Q2 2023's earnings per share beat the consensus estimate offered by 3 analysts polled by Yahoo! Finance, coming in at the high estimate of -$0.03.
Nexstar Board Approves Shareholder Dividend
In late April, Nexstar Media Group reaffirmed a huge hike in its quarterly dividend payment to shareholders seen in late January. The company's Board of Directors has elected to keep that juicy stockholder reward as-is, setting an ex-dividend date and selecting when the payout will occur.