For E.W. Scripps, ‘The Recovery Is Here’
The E.W. Scripps Co. is a transformed company from a year ago, thanks to the sale of Triton and purchase of ION Media, coupled with a surge in viewers during Q1 of its Court TV digital multicast network. All helped Scripps in meeting or exceeding its first quarter guidance "by every measure," President/CEO Adam Symson said.
Entercom’s Final Quarter: Swing and a Miss
Now Audacy, the Philadelphia-based company formerly known as Entercom is seeking to build on its momentum as a podcast and streaming audio leader. Still, its chief revenue driver is Radio. And, in its final quarter as Entercom, that reality is a punishing one: revenue missed Wall Street estimates, while its earnings per share fell short of expectations too.
Cisneros Cash Bump Energizes Entravision In Q1
Entravision Communications, which superserves Hispanic audiences, isn't a radio-centric company. And, based on its revenue results for Q1, it isn't a TV-centric company, either. The digital revenue is now on fire, and the Cisneros Interactive purchase is the key catalyst for the balance in revenue power.
A Revenue Dip Ahead of Expectations for iHeart in Q1
The nation's top audio media company and No. 1 licensee of radio stations released its first quarter 2021 earnings just after Thursday's Closing Bell on Wall Street. What did iHeartMedia have to share, ahead of its earnings call for analysts and investors? Adjusted EBITDA in Q1 2021 declined by $38 million. That's better than what was predicted.
Streaming Revenue Helps ViacomCBS Soar With Street Beat
Thursday's release of ViacomCBS's Q1 2021 results illustrate just how correct of a decision to put the Viacom C-Suite in control of the reunified company. Streaming revenue is on fire, and that was a key catalyst for the company during the first three months of 2021.
Investors Ignite iHeart Stock As Audacy Slips
Three radio station owners released their third quarter earnings reports following Thursday's Closing Bell on Wall Street. One saw digital prowess while its recovery across its streaming and broadcast radio assets came in ahead of expectations: iHeartMedia. In response, its stock soared on Friday. In contrast, Audacy was down on downbeat earnings.
That ‘Whip Antenna’ On Two Trucks? The Reason is Radio
A blog devoted to General Motors trucks this week anwered a most intriguing question: Why do the Chevy Silverado and GMC Sierra pickup trucks still use a "whip antenna"? The answer was simple: AM and FM radio reception in rural areas demands it.
Another South Padre FM Gets Spun
In mid-April, a Class A FM that’s been simulcasting a Mexico-licensed Regional Mexican station operated by a Rio Grande Valley-based broadcaster on the U.S. side of the border was sold by MBM Texas Valley. It's now seeking FCC approval to sell a second station serving the popular beach community.
Salem Swings To Net Income With Quality Q1
If there ever was a time to swing from a significant net loss to profit, this is it. And, Salem Media Group delivered, with total revenue rising year-over-year. Here's the thing: Salem's publishing division, along with continued strong digital dollars, made the feat possible. Net broadcast revenue declined in the first quarter of 2021.
A Strong Day On Nasdaq for Cumulus
Cumulus Media's first quarter 2021 results, and its sequential improvements, appear to have gotten the seal of approval from some in the investment world. The company's shares were up significantly on Thursday.
Saga’s Q1 Earnings Portrait Continues To Set Downbeat Tone For Radio
It was a company first: Saga Communications President/CEO Ed Christian suffered a painful muscle pull, and was at a doctor's office getting X-Rays instead of offering his trademark "picturesque comments" on the company's Q1 2021 earnings call. What did the first three months of the year look like for Saga? The picture mirrors those of other radio companies.
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Coates Hands Huckabee Full Ownership Of Radio Partnership
A licensee 51% owned by the corporate director of sales for Earls Family Broadcasting from 2004-2010 and 49% owned by a former U.S. presidential candidate and syndicated talk show host is dissolving. The result? New Directions Broadcast Group will now be fully owned by Mike Huckabee.
Soo Kim’s Latest TEGNA Power Push Thwarted
As a significant shareholder in TEGNA, Soohyung Kim and his Standard General has, for more than a year, sought to convince those holding company stock that it is on the wrong growth path. Thus, board of directors nominees it presented warranted shareholder approval. Those efforts have failed to gain the support of TEGNA investors once again.
The InFOCUS Podcast: Cynthia Hudson, CNN en Español
News, in Spanish, credible news, has become essential to people’s lives. How is CNN en Español meeting this challenge in the U.S. as a global news organization? Cynthia Hudson shares all in this InFOCUS Podcast, presented by dot.FM. LISTEN NOW!
Online Gambling Ad Spend: Bolstering the Local TV Market
Taboo until a 2018 Supreme Court verdict, online sports betting isn’t technically a new ad category. But with just over two years of a track record, few would challenge its advertising status as a golden goose, especially within the local TV industry, Nielsen notes in a newly released study on how online gaming ads are boosting free-to-air television revenues.
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D&I … And ‘A Lack of Multicultural Marketing’
Diversity, Equity and Inclusion initiatives have reached full tilt across Corporate America. Now, there is a growing realization that "DEI," or D&I, action is no replacement for marketing and advertising to ethnic consumers. That's the crux of a statement being sent by the Hispanic Marketing Council today to Fortune 1000 Chief Marketing Officers and the media.
The 2021 U.S. Broadband Forecast: ‘Lifted by Rising Digital Home Profiles’
U.S. broadband providers are carrying considerable momentum out of the pandemic despite increased competition and impending service maturity with penetrations nearing 90% of occupied households. That's according to the updated forecast from Kagan.
Sinclair’s Plan to ‘Reinvent How Media Is Transacted’
A multi-year enterprise partnership agreement has been executed, one that will see Sinclair become the first local television broadcaster to consolidate all sellable assets across its platforms and markets into a single ad sales system, creating a unified brand experience for customers and sellers.
Is A Baltimore City Attorney Seeking To Silence Reporting of Her?
The Baltimore City State's Attorney's Office has sent a formal complaint letter to the FCC against Sinclair Broadcast Group's flagship broadcast TV station, WBFF-45. It wants an investigation into the broadcasting practices and media content distributed by the station. The FOX affiliate calls the move an attack on a media source for its reporting on her.
Internet and digital news for the broadcasting industry.
Coming By 2030: Autonomous Vehicles from GM
While the "whip antenna" on two General Motors truck lines gets attention for the one and only reason the automotive company kept it there for its newest models, GM is also attracting eyeballs for something that could eventually impact in-car audio consumption. Self-driving vehicles are coming.
A Simplified New Transmitter Installation Option
Many high-power broadcast stations have few options for staying on the air while replacing a transmitter. Acrodyne Services, focused on transmitter installation and service, has developed the Mobile Acrodyne Transmitter (MAT) — a self-contained UHF transmitter housed in an enclosed trailer.
A New Western Region Sales Manager Arrives At Dielectric
Sinclair Broadcast Group-owned broadcast antenna and RF system subsidiary Dielectric has selected the individual who will succeed Steven Moreen. He's retiring, and will soon conclude a 52-year career in the broadcast industry.
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