Townsquare Media shares were off by 11% from Thursday, with a $6.60 price seen just six minutes before the Closing Bell on the NYSE rang. Volume, which is normally light, was more than five times its average. What prompted the downward activity for the local media company?
Many of the positions at a radio station have now proven to be able to work successfully on a remote basis—definitely those in sales, if the right tools, processes, and procedures are in place. How realistic is it that more people will work from home once the pandemic concludes? Laurie Kahn of Media Staffing Network shares her thoughts in this Media Information Bureau article.
On March 17, venerable Talker KFMB-AM in San Diego effectively became an iHeartMedia station thanks to an LMA with the company that had literally just obtained it from TEGNA. It is now confirmed that iHeart is purchasing the station. Kalil & Co. represented the seller. How much is it paying for the property?
Call it the "COVID-19 Limbo Rock." With some asking Wall Street, "How low can you go?," investors on Wednesday largely abandoned their positions in many of the media industry's biggest companies. With the Dow 30 off 6.3% to 19,898.92 and the Nasdaq down 4.7% to 6,989.84, some familiar radio companies' shares are in unfathomably low pricing funks.
His hometown is Yuba City, Calif. He worked in the market for nearly a decade. Now, an individual who has lived in California for the majority of the last 40 years is returning to Fresno, for a big role at Nexstar Media Group.
Next week, Richmond Independent Radio will be celebrating 14 years of service to the capital of Virginia. By then, it hopefully will get over the disappointment of an unexpected forfeiture to the FCC for missing an important filing deadline.
Battlelines are being drawn as WBAI-FM 99.5 and Pacifica's Board of Directors prepare for a court fight over the station shutdown. Early this week the station dumped local programming, with the board ceasing New York-focused broadcasts for financial reasons. It then returned a day later.
The FCC has hit a Virginia FM with a Notice of Apparent Liability for failing to file quarterly issues reports into its online public file. In addition to the financial hit, the was given a much shorter license renewal than what it sought from the Commission.
When RBR+TVBR reports on a broadcast transaction, we report the full value of the sale. When the IRS looks at it, it sees a variety of assets, many of which are treated differently for tax purposes. As attorney Erwin Krasnow of Garvey Schubert Barer explains, the way the total is broken down is important.
Urban One shares were trending downward all day. Then, less than 30 minutes before the Closing Bell, the company's stock took a bit of a nosedive. The result: A 13.6% decline in value from Wednesday's closing price.
You Don't Know What You Don't Know. That's why your attendance at the Hispanic Radio Conference -- even if you don't have a Spanish-language radio station -- could make your radio broadcasting company a winner. Why? There are tons of reasons you need to go to Miami for this educational "Spring Break."
Seven years ago radio industry veteran Lee Abrams, co-founder and CEO of V-Satcast (described as “a hybrid broadcast/broadband OTT multicast streaming platform with original highly differentiated branded programming channel”) penned a highly received RBR + TVBR Intelligence Brief. In this Classic installment, Abrams discusses how “traditional” media companies may wish to better attract talent.
With 600 affiliates in Upper Midwest, Weatherology has established itself as a 24/7 weather reporting service of choice. Now, Cumulus Media-owned Westwood One believes stations across the U.S. can also benefit from what Weatherology has to offer.
U.S. financial indices were in the green on Tuesday, as the Dow Jones Industrial Average gained 431.72, to 24,874.64, and Nasdaq advanced 111.36, to 7,161.65. It was a banner day for several media issues, including CBS, which made two key executive announcements that further reshape the company post-Les Moonves.
Following allegations that appeared in The New Yorker, CBS Corp. and its CEO Les Moonves are facing a class action lawsuit from shareholders. The complaint, filed Monday, states that the defendants made false and/or misleading statements, and/or failed to disclose four separate things of consequence.