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.
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.
It was a mixed three-month period for the company with the highest count of AM and FM properties across the U.S., as consolidated revenue declined. That's primarily due to a $36.1 million impact tied to the sale of outdoor businesses. Minus that, revenue was up. Meanwhile, operating income soared—helping iHeart narrow its massive net loss.
It was a solid second quarter for Beasley Broadcast Group, with net income and net earnings surging. However, on a pro-forma basis, net revenue slipped despite a gain in Station Operating Income. Nevertheless, BBGI shareholders appear pleased with the results, with shares up more than 5% in midday trading before ending the day up 1.9%, to $10.50.
The final installment in a nine-part annual newsroom survey for 2017 developed by Bob Papper, Professor Emeritus at New York's Hofstra University, has been released by the RTDNA—the Radio Television Digital News Association. This last installment looks at earnings, and pay stubs. How are local TV news personnel faring, wage wise? "It was a decent year for salaries," Papper says. But, it could have been a little better.
U.S. financial markets were up slightly on Thursday, as the Dow Jones Industrial Average improved 24.63, to 21,556.77, and the Nasdaq composite advanced 13.77, to 6,275.00. Among the media stocks advancing on Wall Street are iHeartMedia and Entercom, which has signed a 10,000-square-foot expansion deal for its forthcoming new home in South Florida.
Entercom enjoyed a strong Q1, beating the Street on its revenue. However, its net income missed the estimates of Wall Street analysts—by a penny. Here's the breakdown on how the company that's entering a tax-free merger with CBS Radio fared during the first three months of 2017.
Beasley Broadcast Group this morning (5/2) ushered in a busy week of Q1 earnings releases from broadcast media companies, and on its face, Beasley had a boffo first three months of 2017. That's thanks to the inclusion of the former Greater Media stations. Minus those properties, Beasley legacy station revenue declined by $2 million. Why? Politics — and a "shock jock" no longer on one of the company's stations — are to blame.
In late August 2016, Sirius XM Canada Holdings expressed its intent to go private. The one thing stopping the privatization effort? The Canadian Radiotelevision and Telecommunications Commission (CRTC). Now, eight months, later, the regulatory body has given its consent to the move, which comes despite mid-summer 2016 opposition from dissident investors amid overwhelming support for its move to go private.