What's the fiscal health for one of the biggest radio industry pure-play operations that's publicly traded on Wall Street? Pretty darn good, actually, as Saga Communications released a Q3 2021 report card that shows the owner of small and medium-market stations turning from a net loss to significant net income.
In the words of Urban One leader Alfred Liggins III, "The company is in good shape, from a leverage standpoint. We've come a long way." Still, the failed City of Richmond voter referendum on its ONE Casino + Resort dominated the company's quarterly earnings call, providing more insight on what's next in the gaming arena for the multimedia company superserving multicultural consumers.
Chicago radio personalities Leon Rogers and "DJ Sundance," both of whom work at iHeartMedia stations targeting African American consumers, are trying to clear their names after their Facebook pages were taken over by imposters, who then asked the air talent's fans to invest in business deals that were phony. How can this be prevented?
Just after Wednesday's Closing Bell on Wall Street, Cumulus Media offered analysts and investors a look at its third quarter 2021 fiscal report card. As CEO Mary Berner sees it, "third quarter results exceeded expectations across the board, despite the ongoing impacts of COVID-19."
A new agreement allows DraftKings to co-create and distribute long-form content with iHeartMedia. The agreement also means DraftKings will receive preferred access to iHeartMedia’s roster of on-air personalities.
Big channel moves have transpired at Sirius XM, resulting in the debut of a channel devoted to "Pop Hits from the 2000s" and a tweak of another channel to "Bright Pop Hits" with a decidedly 1970s-era Mellow Rock feel. At the same time, Sirius XM has unveiled what it is calling the "most holiday music channels ever."
Beasley Media Group, the radio station owner with an investment in the eSports Overwatch League, enjoyed year-over-year revenue improvements in the third quarter of 2021. As such, it trimmed its net loss as Station Operating Income was on the rise
Ralph Guild, who created what is largely considered the standard operating structure for television and radio ad representation companies, has died.
Speaking with two analysts during his company's Q3 2021 quarterly earnings call, Townsquare Media CEO Bill Wilson believes the company's strong digital performance will cushion any ad revenue slowdown fueled by chip shortages and supply chain issues. Meanwhile, the topic of further M&A activity came up.
SBS COO Albert Rodriguez shares his insight on how the Hispanic-focused multimedia company is seeing little slowdown from advertisers in this InFOCUS Podcast, presented by dot.FM. Rodriguez also chimes in on how an Audacy move in New York only validates SBS's role as a Hispanic component in a total market buy. LISTEN HERE
It may be six months away, but the National Association of Broadcasters (NAB) is busily putting together what will be a 2022 NAB Show that EVP/Managing Director of Global Connections and Events believes will "more closely mirror today's media, entertainment and technology ecosystem."
Last week, Jeffrey Wlodarczak, the Principal and Entertainment/Interactive Subscription Services Analyst at Pivotal Research Group, gave Spotify a glowing assessment in his latest investor note. Now, another analyst is heaping praise on the streaming audio giant. And, that pushed the company's stock past a major threshold in Monday's trading.
A multimedia company known for content superserving African American audiences has looked toward Deon Levingston and his success with Hispanic programming in Indianapolis by shifting a FM translator serving Southern Ohio's largest metropolitan area to a regional Mexican format.
The Home Depot is undisputedly one of the top advertisers using audio media today. Yet, for the week ending October 31, the home improvement retailer was absent from the Media Monitors Spot Ten Radio report. Instead, its primary competitor on a national level was strutting its stuff at AM and FM radio.
An all-important referendum on whether or not Urban One can move forward with plans to build its second casino gaming resort is being put to voters in Richmond, Va., on Tuesday. Does polling suggest that the plan may not win voter approval? Urban One's leader says no. Yet, shares were down by double-digits on Friday.