The company missed its earnings per share forecasts by 7.5%. Its radio stations in key markets such as Canada's largest, Toronto, lag those of its competitors. Corus Entertainment has its challenges, and analysts in Canada are now revising their forecasts, Simply Wall Street notes.
A series of moves involving the top-rated commercially licensed FM in Austin and a Corpus Christi, Tex., FM acquired by Educational Media Foundation in 2019 is taking place. It effectively gives EMF a city-grade signal over San Antonio for one of three full-powered FM modifying their facilities. The odd man out: An FM translator operator in the Alamo City.
Soo Kim’s stature in the media industry rose significantly in the summer of 2019, thanks to his teaming with longtime friend Jeff Smulyan in the creation of a new entity that now owns two New York radio stations. Then came Standard’s purchase of a big chunk of TEGNA stock. Now, TEGNA is balking over Kim’s board seat need.
While there are costs and revenue synergies to be delivered and assets to be divested, Wall Street analyst Michael Nathanson thinks that the structural pressures facing the industry will negatively weigh on ViacomCBS’s basic and premium cable networks as cord cutting and the attendant pressures likely accelerate. With that said, there is one big unresolved issue facing ViacomCBS.
What are the key products and trends shaping broadcast media today and across the next decade? RBR+TVBR's Weekly Tech Roundup is pleased to present to you the answers from a FOX Business anchor and FOX News Radio podcast host who is well-versed in bringing key highlights and takeaways from the Consumer Electronics Show (CES) to consumers.
That was just one of the questions Westwood One President and Cumulus Media EVP/Marketing Suzanne Grimes answered last week at a special Consumer Electronics Show "Innovation Series Summit" hosted by Shelly Palmer. Grimes participated in the event at the Wynn Resort and was a keynoter. We have full details of her appearance, and what was said in Las Vegas.
The FCC has adopted a Consent Decree that terminates an investigation into the monitoring practices of some 11 television towers by a company that no longer exists. The publicly traded entity that now owns this defunct operator's holdings agreed to the settlement. In doing so, it's forking over more than million dollars to the U.S. Treasury, with reimbursement from the now-defunct TV company.
In December, iHeartMedia revealed that Nashville would be the home for a second headquarters of its burgeoning digital division, with iHeartRadio President Darren Davis relocating to Music City USA to directly oversee the operation. What wasn't yet known was where in Nashville iHeart would house its growing operation. All was revealed on Friday in a local business publication.
In October 2015, Hispanic consumer-focused multimedia company Entravision's shares topped $8.75 per share. Today, they are worth close to 75% less in value. With shares on a steady downturn, Simply Wall St. asks if insiders are taking advantage of the weak share price by snapping up stock.
In an announcement distributed just after Thursday's Closing Bell on Wall Street, Cumulus Media revealed that EVP/CFO John Abbot will exit the company following the distribution of its Q4 and full-year 2019 results.
As expected, Emmis Communications on Thursday submitted its quarterly earnings report for fiscal Q3 2020 to the Securities and Exchange Commission. There was no other public distribution of the financial results, which show the leaner media company widening its loss from continuing operations.
In an exclusive interview, SMI CEO James Fennessy shares his belief that the future is bright for broadcast and network television. Why? For one, digital-first advancements such as 5G have everything to do with his bright forecasts. Then, there is broadcast television's continued ability to deliver audiences when live programming such as news, sports and unscripted shows air.
One of the most familiar faces among the Wall Street analysts covering the nation's publicly traded radio and TV companies is taking a major in-house role at Comcast. It's a move similar to that seen in August 2019 by Anthony DiClemente -- leaving media leaders with one less voice of influence among potential investors and current stakeholders.
TEGNA on Tuesday revealed that it had priced its offering of senior notes due 2028, with a face value of $1 billion. Additional details, including the interest rate, are now known -- further fueling a rise in the broadcast TV company's stock.
A company founded in 1996 that currently owns broadcast TV stations in 18 markets is currently at an impasse with Dish Network. As such, its stations have been blocked, by law, from Dish customers in the markets where this TV operation has facilities. But, here's the rub: All of these stations are run by Nexstar Media Group.