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Yes, Beasley Media Group suffered a steep decline in its net income during Q4 and across fiscal 2018. But, there's a good reason for that -- in addition to operating income impacted by a USTN bad debt expense. However, Station Operating Income and net revenue were on the rise, and that's good news.

It's official: RBR+TVBR has learned that US Traffic Network (USTN) is ceasing all of its operations, following rush hour today. While the fiscally troubled company has already closed down its radio unit, it had kept its TV business going. 

First, it was Entercom. Then, Cumulus Media stepped forward. Non-payment from U.S. Traffic Network significantly impacted these company's earnings in the first half of 2018. Now, Beasley has been stung by USTN, hampering its Q3 results.

In an announcement released just after Wednesday's Closing Bell on Wall Street, United States Traffic Network (USTN) revealed that it has entered into a wind-down agreement with Entercom Communications, "its largest, and only, secured creditor." This led USTN to withdraw its lawsuit against Entercom.

Forget Cumulus Media's slightly-higher net income and the efforts of CEO Mary Berner that are largely repairing "a broken company." The company that appears to be shattered is the one responsible for a $4.8 million write-down during Cumulus' Q2 — US Traffic Network (USTN).

A three-page internal memo distributed across Entercom's radio stations on Monday sheds new light on the radio company's testy relationship with United States Traffic Network (USTN), which has taken a financial hit of approximately $30 million thanks to internal issues that have plagued the third-party provider of traffic reports to AM and FM stations across the U.S.

Entercom President/CEO David Field scrapped his midday appointment schedule and issued a statement Monday explaining how his radio broadcasting company's contract with USTN has ended — and how "relieved" Entercom is to be out of contract it inherited from its merger with CBS Radio. He also had some sharp words regarding USTN's lawsuit.

Fraudulent Inducement. Breach of Fiduciary Responsibility. Misappropriation of Trade Secrets. Those are the charges brought against one of the nation's biggest radio broadcasting companies by a provider of traffic and weather information to local and syndicated radio stations across the country that's had its fair share of bumps and bruises in the last six months.

USTN continues to distance itself from its recent financial troubles under its previous Australian owner by selecting a COO. It's an individual who has had previous leadership roles at Westwood One and at Shadow Broadcast Services/Metro Networks.

Entercom has attracted renewed attention to the radio industry thanks to its merger with CBS Radio, which closed nearly six months ago. But, there's a long road ahead to fully realize the benefits of this deal -- and that was made clear in a Q1 highlighted by weak ad conditions and a $12 million sting tied to a broadcast traffic services company.

Just two months ago, Entercom's head revealed that US Traffic Network was in severe financial difficulty and directly responsible for the radio company's dip in Q4 2017 pro forma revenue. David Field called it a short-term issue. He was right: USTN and Entercom have renewed their vows — and struck an equity partnership.

After being called out by Entercom in the company's Q4 and full-year 2017 earnings call for nonpayment of services, leading to a $4 million write-down of revenues, United States Traffic Network (USTN) has completed a management-led buyout of the company. The buyout was spearheaded by its President.

A Malvern, Pa.-based company that connects businesses with on-air, online and on-the-go traffic technology and provides local content, traffic information, advertising, and interactive marketplace solutions to media partners and businesses nationwide played a key role in Entercom's dip. This revelation came in a detailed account of what happened to the company in Q4 2017. "Lackluster" leadership at the former CBS Radio was also a factor, Entercom head David Field said.

In observance of the Rev. Dr. Martin Luther King, Jr. national holiday, U.S. Black Chambers President/CEO Ron Busby Sr. offers commentary that honors the "significant impact and legacy" of Dr. King. "His teachings on economic empowerment and social justice continue to influence our efforts in supporting the Black community," Busby says.

The broadcast television station licensee that has taken a lead position in the voluntary rollout of the ATSC 3.0 digital broadcast standard in the U.S. has entered into a memorandum of understanding with one of the world's largest automotive parts and services companies.