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.
Arkansas' Christian Connection has another shot at victory in its quest to shift seven counties from two different DMAs to the Jonesboro, Ark., local satellite carriage television market.
That's the question Frank DiPietro of financial advising blog The Motley Fool sought to answer. In a comprehensive review of the streaming audio company's financial health, DiPietro put on his thinking cap and wondered if Pandora Media is better off without a merger with its much-discussed potential suitor, Sirius XM Holdings.
When it comes to hitting certain "benchmarks," one Wall Street financial analyst keeps showing the love for radio and TV station owner E.W. Scripps Co.
Of the top 10 advertisers last week on Media Monitors' Spot 10 Cable report, four are insurance companies. Who else is using cable TV to reach consumers? Check out the chart here.
The late Q1 push to bring car buyers into auto dealers is on, and broadcast TV is proving to be a major venue for automotive brand dealer associations. Four of the top 10 advertisers in last week’s Media Monitors TV Spot Ten report are in the automotive category.
In last week’s Media Monitors Radio Spot Ten report, Mattress Firm made a statement by greatly increasing its national spot count at the stations tracked by Media Monitors.
Wednesday may have seen another mixed trading session on Wall Street, but it was a blockbuster day for the No. 1 radio company in the U.S.
Radio can sell groceries, cell phones, cars and furniture, but can it sell itself? The radio industry often complains that agencies are out of touch. Is this true, or does the radio industry fail to make the most important first sale — selling itself to the agency? The answer may come at the Hispanic Radio Conference in Fort Lauderdale.
The war over retransmission fees has escalated into a battle of beliefs between Dish Network and Hearst Television, as Dish was "forced" to pull the plug just after Midnight Eastern on March 3 on every Hearst VHF or UHF station it carries. Dish stated its defense as it pulled the Hearst stations, and we've got an RBR + TVBR OBSERVATION to share on the matter.
Entercom's CEO has revealed what will happen to Baja California-based XHAS-33 once Telemundo programming moves in July
Revenue, income growth seen as COO Liberman earns presidential stripes; Entercom buys Buenos Aires-based digital marketing solutions firm