U.S. financial markets slumped on Monday, with the Dow Jones Industrial Average sliding 395.78 points to 25,017.44, and Nasdaq off 3% with a 219.40-point slump to 7028.48. Many media companies significantly lost ground, including Entercom and Nexstar.
A report late Sunday in the New York Post has fueled the fire once again that Viacom and CBS Corp. are indeed set to reunify. The tabloid, however, puts the timetable for a reuniting not in years, but in months.
Entercom's Q3 earnings results delivered a mixed reaction from Wall Street. Earnings per share slightly missed the consensus analyst estimate. On a same-station basis, net revenue in Q3 dropped as pro-forma Adjusted EBITDA slipped by $3 million. Entercom President/CEO David Field is satisfied. A full-time investor mainly focused on U.S. equities believes Field has every reason to be content.
Salem Media Group revealed during its Q3 earnings call that political dollar growth will not be enough to bring revenue growth in Q4. The company's stock is flirting with a fresh five-year low. Now, Simply Wall St. is asking if Salem's balance sheet is strong enough to weather a storm. Is it?
Monday marked the most active day for deals in several weeks, and among the stations traded is a Class B1 FM radio station that reaches both the Cleveland and Akron-Canton markets. The deal will leave in place the station's non-secular format targeting Christian listeners.
A 250-watt FM translator that's presently off the air is licensed to serve a significant portion of a top 10 market. The facility just sold for a formidable price.
At the end of January, a privately owned radio broadcasting company active across some of Idaho’s biggest markets took on a new name. The change marked the retirement of a couple who had attributable interest in what had been Locally Owned Radio. Now, with operations in Boise and in Twin Falls, Idaho, the company presently known as Iliad Media Group is growing in the Treasure Valley.
The AM band, unlike many other Westernized nations, remains a vital source of programming of various styles for millions of Americans. In Seattle, an operator has just filed a deal with the FCC seeking ownership of a second facility in the market. The deal marks the end of a legacy for a sportscaster and "civic icon" who passed away on June 1, 2011.
A Class A FM and its 1kw Class D daytime-only AM sibling serving a small city along the Allegheny River in Northwest Pennsylvania have just been traded. It's an area of interest to a newly formed radio broadcasting company headed by Tom Langmyer, but he's not the buyer of this combo. Who is?
A station that has marketed itself as the only Spanish-language station serving the "Four Corners" region of the American West is being sold. It's a "Majestic" deal that includes an AM with an FM translator.
There's a slew of exciting new activity in the latest Spot Ten TV report from Media Monitors. But, there's also one big takeaway for the report for the week ending November 18: GEICO isn't budging off the top spot.
Just how predominant is programmatic in the digital media world? New data indicate that some 65% of all money spent on advertising in digital media in 2019 will be traded programmatically.
Viacom reported earnings for fiscal Q4 2018 Pivotal Research Group analyst Brian Wieser calls "relatively positive, if thematically consistent with our view on the company." In his view, "favorable updates were provided on a wide range of growth initiatives which are intended to offset declines or long-term challenges in traditional businesses." This result in an adjustment by Wieser of Pivotal's price target for Viacom's Class B shares.
The nation's No. 1 owner of radio stations just made another debtor-in-possession move designed to bring more profits to the company that hopes to lower its debt to $5 billion. Two months after making a big podcast push, iHeartMedia is acquiring the tech company that powers its SoundPoint programmatic ad platform.
There's little fluctuation from the previous Media Monitors Spot Ten Radio report released by the iHeartMedia-owned ad tracking service, with home improvement, retail and a big QSR being joined by a cold-and-flu season favorite.
GEICO may once again be the leader -- by a big margin -- on the latest Media Monitors Spot Ten Cable report. But, there's an entrant on this week's report that is now challenging Taco Bell in the QSR category.
What do "junk faxes" have to do with the level of acquiescence to federal agencies -- including the FCC -- in interpreting the statutes they administer? As Boston College Law School associate professor and AEI visiting scholar Daniel Lyons writes, it has everything to do with FCC deference.
Internet and digital news for the broadcasting industry.
The parent company of NBC and Telemundo is being honored for pioneering the development of StormRanger, or CazaTormentas, a first-of-its-kind mobile X-band weather radar truck for television weather forecasting and reporting.
A company recognized as a maker of advanced video encoding and streaming tools has acquired a provider of H.264 encoding workflow solutions to broadcasters worldwide.
Driving listeners to radio on any platform and at any time has never been more challenging, even as digital technology has afforded a host of new opportunities. At Forecast 2019, the consumption and monetization of digital options was a top topic across two panel discussions.