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.
Emmis Communications has emerged as one of the radio industry's stars on Wall Street. It's gone nowhere but up since the start of 2018, and after some recent profit-taking resumed its climb in value in Thursday's trading. Could a new three-year high be on the way?
For most of her 24-year career, one top radio industry market manager has called the Mile High City home. She's been associated with a group of stations that have seen five owners since 1994. Now, after sitting on the sidelines for six months, she's moving across the street to a group of radio stations that were once her longtime competitors.
For the third time in less than three years, a Class C2 facility serving a rural community some five hours to the southeast of Portland, Ore., has filed for a silent STA with the Commission. Why? It seems there are some landlord-tenant issues that have gotten a bit testy. It's the latest nightmare for a DJ-turned-owner who shares his tale exclusively with RBR+TVBR.
It was early September 2014 when Entravision Communications stock last finished below $4 a share. Based on the current performance of the Hispanic-focused multimedia company on Wall Street, another dip to $4 could be on the way.
U.S. financial markets finished Thursday's trading on a down note, but that had no impact on the solid performance seen by Nexstar Media Group on Nasdaq. What other companies had a strong day, or a disappointing one? Click here for the details in brief!
Are the marketers and advertisers that the Executive Director of the Culture Marketing Council (CMC) speaks to every day aware of the power of Hispanic radio? Are they actively using Spanish-language radio stations to reach an important consumer segment? Those are two of the key questions posed to Horacio Gavilán by RBR+TVBR Editor-in-Chief Adam R Jacobson in this latest Hispanic Radio Podcast.
The East End of Long Island is known by many as a weekend and summer playground for affluent New Yorkers who enjoy such locales as Montauk and The Hamptons. But, did you know that Suffolk County, N.Y., is also a hotbed of Hispanic market growth? In this latest Hispanic Radio Podcast, RBR+TVBR Editor-in-Chief Adam R Jacobson learns from Ana Maria Caraballo, Promotions Director for JVC Broadcasting, how her company jumped in to serve an important segment of the population with no local voice.
Digital audio and podcast services firm Triton Digital has just gotten a little cozier with Naples, Fla.-based Beasley Media Group. The radio industry pure-play has just renewed, and expanded, its relationship with Triton to handle the delivery, measurement, and monetization of their streaming audio and podcast content.
Today was a good day for Beasley Broadcast Group shareholders. The radio industry pure-play enjoyed a 1.2% gain, to $12.70, as the company announced Monday that it will report its Q4 2017 results before the Opening Bell on Feb. 12. For everyone else, it was downright disastrous as the Dow lost nearly 5% of its value.
When the trade press looks at a broadcast transaction, the usual goal is to report the full value of the sale. But when the IRS looks at it, it sees a variety of assets, many of which are treated differently for tax purposes. Because of this, as communications attorney Erwin Krasnow of Garvey Schubert Barer explains, the way the total is broken down is important, often with buyer and seller concerns in conflict. Krasnow uses actual contracts to explore some of the ways the allocation issue has been handled in recent years.
Six 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.
It's another big week for QSRs at cable TV. While Burger King fell to No. 4 from No. 2, a competitor zoomed from No. 16 to No. 5 in the latest Media Monitors Cable Spot Ten report. What other brands are actively using spot cable? Click here now to get the answers!
Some media companies say they are all about serving the communities in which their stations are located. One company, with stations in small cities located across New York State, South Carolina, and Florida's Panhandle, is all about community. If not, this operator's very name would be a misnomer. In this exclusive RBR+TVBR INFOCUS report, we peek inside the studios and offices of a cluster of stations owned by a company that's all about being loyally local.
By all accounts, Cumulus Media — the nation's No. 2 radio broadcasting company by number of stations — enjoyed a strong Q2. But, how does Cumulus match up against the industry's biggest players? Capital Cube asks this very question, and on Wednesday conducted an analysis by pitting Cumulus against seven publicly traded radio competitors.