Entercom’s Six-Year Ditch: A Fresh Dip For Saggy Stock
Barack Obama was seeking a second term in office. The No. 1 song in the U.S. was "Call Me Maybe." And, Entercom shares were trading between $5.44 and $6.33 a share. Entercom just turned back the clock on Wall Street, with its shares now at their lowest closing price since July 2012.
CBS Shares Slide As Moonves Gets No Severance
It's been a bad December for many a media company's publicly traded stock. On Monday, CBS shares slid to a price last seen in October 2015. Then, the bomb dropped on Les Moonves: He's getting no severance.
ACA Joyous With Divestment Need For Gray-Raycom Marriage
The Department of Justice has given its approval of Gray's merger with Raycom Media. On Monday, a big voice for the smallest MVPDs voiced its pleasure to a DOJ requirement that, as expected, divestment of stations in nine markets is required for the deal to happen.
Carr Trouble In D.C. Could Also Delay Starks Sparks
Less than 24 hours after a key Senate Republican signaled he was willing to lift a block on a FCC confirmation vote for Geoffrey Starks and Brendan Carr as Commissioners, a leading Senate Democrat has stepped up by putting a fresh hold on the nomination -- jeopardizing continuation of Carr in his seat.
Meet iHeart’s Big New Shareholder
A Boston-based investment firm appears to have ironed out its differences with the entity representing iHeartMedia's legacy noteholders — a sign that iHeart's release from debtor-in-possession status by a Houston-based bankruptcy court is chugging along toward a January 2019 resolution.
More Presence In Minnesota’s Far North
Some 64 air miles north of Duluth, Minn., lies the city of Babbitt. It recently made headlines for a transaction involving Duke Wright's Midwest Communications and Aurora Broadcasting. Now, Aurora is spinning two of the three stations it obtained in that deal.
Medallas De Cortez Nominations End Friday
Here's your chance to honor the radio industry executive, air personality or AM or FM station serving U.S. Hispanics in ways no others do. Make your nominations now for the 2019 Medallas de Cortez awards — the symbol of excellence in Hispanic radio. The window closes Friday!
Entercom’s Solid Revitalization Move In Buffalo
Thanks to two FM translators, one AM radio station has enjoyed a renaissance that puts an exclamation point on the idea of "AM revitalization." Now, Entercom wants to replicate that success seen in Buffalo.
Sound Ideas, Serious Problems For Southern Radio Operator
In March 2016, an AM/FM combo serving Eufala, Ala., was reported sold by a South Carolina-based operator. That deal never happened, and there's good reason as to why. Meanwhile, the operator was accused of cutting short a contest at the FM, with the prizes being handed to an employee.
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BOLD Closing On Eastern Long Island
The wife of a popular TV meteorologist in the New York recently signed off on a deal that gave her newly formed entity control of a Class A FM serving Suffolk County, N.Y.'s eastern end. That deal has now closed, along with another station trade, in Ohio.
A Wall Street Media Analyst Takes A Turn To TEGNA
The managing director and senior equity research analyst for media, cable and telecom at a Wall Street financial house is saying goodbye to judging the financial performance of radio and TV companies. Instead, he will be responsible for "managing all treasury and banking activities and communicating TEGNA’s growth strategy."
ACA Continues Push For Sinclair Stations’ Early Renewal
ACA's push to get the FCC to do so continued Monday, with Reply Comments sent to the Commission noting that "Sinclair’s advocacy, if adopted, would shield if from any consequences for lying to the FCC during its attempted merger" with Tribune Media, now set to merge with Nexstar Media Group.
Oklahoma Operator Adds To TV Tally
Some 85 miles to the west of Oklahoma City is a town that's home to auto manufacturer SportChassis. It's also the home of a low-power TV station being acquired by an Oklahoma multimedia company that just closed on its acquisition of five radio stations in Tulsa from The E.W. Scripps Co.
Latest Articles
Facebook’s Ad Revenue: A Stall For National Dollars
Is the ad foundation at Facebook a bit shaky? New data from Standard Media Index, released in response to news that another security leak is plaguing the social media giant, has arrived that looks specifically at Facebook's ad revenue. Guess what? There's some slowing growth in an area that's been healthy of late for radio.
Comscore Scores An Expanded Deal With This TV Broadcaster
A groupwide partnership with one of the nation’s largest TV station owners has been inked with comScore. This expands a current relationship from three markets to all of the locales where this company has properties.
Entravision Extends Marketing Moves With MLC
The national sales and marketing arm of one of the nation's top Hispanic media companies likes its relationship with MLC Media so much that it has just extended it for 24 more months.
Senate Puts House On Hot Seat To Pass ‘READI’ Act
With the unanimous approval of a lame-duck U.S. Senate, more people will soon -- hopefully -- receive relevant emergency alerts on their TVs, radios and mobile phones. At the same time, new ways of alerting a public now consuming more streaming video and audio is being explored. It's up to the House to act on the Act.
Internet and digital news for the broadcasting industry.
Quantum’s View For 2019 On M&E, Rich Media
Media and entertainment "rich media" is a hot topic. Don't know anything about it? You will, Quantum predicts. Storing and managing content is about to become a TV industry essential.
NBCUniversal Data Services Leader Made Myers COO
Broadcast management solutions provider Myers is welcoming a media industry veteran with more than 20 years of technical leadership and innovation expertise charged with driving the company’s corporate, strategic and operational initiatives forward.
Twin Emergency Alert Devices Get Upgrades
Digital Alert Systems and Monroe Electronics, known for their emergency communications products for video services providers, have upgraded the operating system for the brands' respective DASDEC-II and SE devices.
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