Fact: The E.W. Scripps Co. enjoyed a Q2 revenue gain, thanks largely to more TV stations in its stable. Fact: Scripps' operating expenses surged as the COVID-19 pandemic impacted ad revenue. As such, the media company that has agreed to sell its podcasting business to Sirius XM for $325 million saw a much wider net loss, as local media profit declined by 41%.
As RBR+TVBR reported late Wednesday, NAB President/CEO Gordon Smith on August 4 was believed to have suffered a stroke. On Thursday evening, Smith was strong enough to a pen a letter to his "friends," in which he confirmed it was prevented.
In 1964, the FCC first adopted rules to restrict the duplication of programming on commonly-owned broadcast radio stations operating in the same geographic area. The current version of the rule was adopted in 1992. As of today, the rule's end is on the way. And Democratic Commissioner Geoffrey Starks isn't wholly pleased.
What is perhaps the biggest topic of interest in D.C. for radio and TV broadcasters right now? We get the latest on Lowest Unit Rate regulatory policy, the FCC's station license renewal period now underway and the political file rule, among other things, from Brad Deutsch at Foster Garvey in this fresh RBR+TVBR InFOCUS Podcast. LISTEN HERE
Sequential improvements. Double-digit digital revenue gains. That's where the silver linings in the deep storm clouds hovering over Entercom fade to grey. As President/CEO David Field noted in the company's Friday morning earnings call, the audio media company was "enormously impacted" by the economic devastation the COVID-19 pandemic brought.
Black media ownership. The demise of Black news in Black-owned media. Insuring that "Black" stories/news/media isn’t just a momentary trend. Those are just a handful of the topics set for discussion August 19 during the Black Media Symposium, a free digitally-delivered event presented by Triton Digital. Here are all of the details for this FREE event!
Salem Media Group is the latest media company to report a COVID-19 impacted downbeat second quarter earnings report. But, a closer look at the results shows that the media company's digital division has some particular resilience -- even though this arm, too, was down year-over-year.
For one hour last night, air personalities participated in a fun conversation focused on music, and what LP shaped their teenage years -- and that of listeners who connected via Zoom. Some 300 individuals, all fans of KCRW in Santa Monica, Calif., engaged with station staff. It was a perfect online gathering commercial radio stations should steal, our editor-in-chief argues.
“The challenges that we have faced due to COVID-19 were unprecedented and had a severe, negative impact on our revenue in the second quarter.” Those are the words of iHeartMedia Chairman/CEO Bob Pittman, and he wasn't mincing them. The nation's largest audio media company saw a nearly 50% revenue decline in Q2. But, the podcast business is booming.
just how far did some radio broadcasting companies sink in the three month period ending June 30? The answer to this question will fully unfold over the next three business days as iHeartMedia, Entercom and Cumulus Media each roll out their Q2 2020 results. For Saga Communications, which distributed its results Wednesday, a 47.6% slash in year-to-year net revenue is the first takeaway.
It may be only a 40-minute drive to Augusta, Ga., but the town of Trenton, S.C., until now has enjoyed its access to "Carolina Beach Music" by way of a Class A FM.Now, that availability has been put into question: The station has been purchased by the operator of a Dove Awards award winner, a radio ministry known as The Power Foundation.
A retrans impasse with The E.W. Scripps Co. - its first-ever "blackout" situation - made Dish the antagonist of the Scripps Q2 earnings call on Friday. At the same time, analysts were digesting the second-quarter results for the DBS provider. According to Pivotal Research Group, they were quite good.
Graham Media Group, the company with its roots tied to the family that formerly owned The Washington Post, saw its overall net income fall to $18.9 million from $57.1 million due to the COVID-19 pandemic's economic impact. But, how did the TV division perform?
Stream this: ViacomCBS, like most media companies, suffered from a sharp decline in advertising revenue during the second quarter of 2020. But, as Zacks Equity Research points out, the combined company that includes CBS owned-and-operated TV stations and Viacom's stable of cable networks saw gains in affiliate revenues — with retrans fees a component of those dollars.
Changing how you think can be difficult. It's easier when you have examples of successful people to draw from. Check out these attributes of super achievers in this fresh Media Information Bureau column from expert sales training coach Barrett Riddleberger.
The wireless brands actively seeking consumer growth haven't been so active with spot radio, of late. Now, one prepaid brand has activated a spot radio campaign that ranks in the latest Spot Ten Radio report from Media Monitors.
As July came to a close, only one auto dealer association opted to use national TV to reach consumers, new data from Media Monitors show. It's a sign that the U.S. car and truck vendors remain in a fragile selling environment.
Mark December 8 on your calendar for the Commission's C-Band Auction. Details were released by the FCC on Friday for "Auction 107," which involves Flexible-Use Service Licenses in the 3.7-3.98 GHz Band for Next-Generation Wireless Services. The auction is moving ahead over dissents from the two Democratic Commissioners.
Internet and digital news for the broadcasting industry.
Geared toward general and engineering managers, a new Nautel eBook discusses details that could be overlooked during the decision-making process including space requirements, potential delivery issues, site preparation and other important needs when looking to purchase a transmitter.
Telestream, known for its file-based media workflow orchestration, media streaming and delivery technologies, is benefiting from the utilization of its Wirecast Pro product as a key feature of Emergency Production LLC’s (EPAV) reinvented business model for COVID-19 times.
The MPEG-H Audio system, substantially developed by Fraunhofer IIS, is specified in TV broadcast standards such as ATSC 3.0 and DVB as well as in the mobile broadband standard 3GPP. It is currently the only Next Generation Audio codec used in commercial TV broadcasting since the launch of the South Korean ATSC 3.0-based UHDTV service in May 2017.