A host of media companies were swept up in Wall Street's big Wednesday selloff, a response to news that the short-term economic outlook is now gloomier than long-term visibility. Yet, iHeartMedia shares were up. Perhaps that's good news, since iHeart's CEO says a recession could benefit radio.
Its stock is trading near a five-year low. Net revenue in Q2 was flat, while net income rose slightly. For Simply Wall St., however, the biggest eye-catcher is that Saga Communications "does use debt in its business." Is this debt a concern for shareholders? That's exactly what Simply Wall St. seeks to answer.
From suggesting the name "Radio Ink" to serving as Publisher of R&R, Dwight Case had a pulse on the radio industry like few others, thanks to roles running RKO Radio and founding the company that eventually became Westwood One. Case died Friday in Los Angeles.
As anticipated, Nielsen Audio has moved forward with the launch of continuous diary measurement -- a move designed to provide advertisers and radio broadcasting companies with more reliable data based on what diarykeepers state on paper they are listening to when seeking audio entertainment and information.
In early 2018, Samsung committed to turning on FM chips across its headset units. Now, a major technological advancement coming with the Samsung Galaxy Note 10 Plus is poised to bring a small headache to radio ... or, more specifically, radio ratings source Nielsen Audio.
It's interesting what can drive the ups and downs of a publicly traded stock. On Thursday evening, a Barron's associate editor said iHeartMedia stock was "poised to climb" after bankruptcy and its upcoming Q2 earnings report. Behold, IHRT was up by nearly 5% in Monday's trading.
He's not even a real person, yet iHeartMedia has been devoting a lot of time -- and dollars -- to promoting this popular figure's recently launched podcast. Radio stations are a big part of the audience-building outreach efforts, the latest Media Monitors Spot Ten Radio report shows.
Thanks to a history of religious tolerance and photo-friendly churches, Charleston, S.C., earned the nickname "The Holy City." Serving this reverent radio market is a Class A that until now has aired a Gospel format targeting African Americans. This station is finally heading to a new owner.
On a day with plenty of downbeat news and stock market declines involving media companies, Townsquare Media was a shining star on Wall Street. Shares climbed 5.5% after the company bested analysts' estimates on both revenue and earnings. As a result, TSQ looks better than BBGI or ETM.
Baby steps taken to reach an ultimate goal that's positive may be a great way to get out of a tough situation. That's a good way to describe the progress seen by Spanish Broadcasting System (SBS) during the second quarter of 2019.
How did Salem Media Group perform in the second quarter? Zacks Equity Research examined the company's Q2 results, distributed late Thursday, and has this summation: "This quarterly report represents an earnings surprise of -300%."
Cumulus Media currently operates in two reportable segments: its group of AM and FM radio stations, and its Westwood One national radio arm. Is one unit performing better than the other? Yes. It's the shrinking collection of AMs and FMs, based on net income shifts.
The owner of a group of radio stations serving the greater Williamsport, Pa., area has just signed a multi-year agreement for Nielsen Audio measurement. This company has sat out of Nielsen participation in the market, ranked No. 262, since the spring 2018 survey.
A Class C3 FM serving New Ulm, Minn., that for the last 11 years has served as a simulcast partner of a Rock station based in Mankato, Minn., is trading hands. The buyer is Subarctic, but we believe no polar bears are heading to the studios and sales offices.
Is Entercom's Q3 pacings forecast trustworthy, as its second quarter prediction did not watch the quarterly results? Yes, President/CEO David Field said while admitting the missed Q2 call "sobered" him. The comments came as Entercom shares collapsed by some 36%.