Saga Communications, Inc.

Why Is Saga Stock In A Summer Funk?

In late-afternoon trading on Monday, Saga Communications shares were off by 2%, to $41.55. Then, the bottom fell out, with "SGA" stock sliding 11% in after-hours trading after the Closing Bell rang on Wall Street. Saga is now at $37.75, on slightly higher-than-normal volume. It's an unusual dip for the media company, which is shedding its TV assets to refocus on small- and medium-sized radio stations. Why could investors be sour on Saga?

Could James Sensenbrenner Be Radio’s Sensible Cents-Saver?

A House Member representing Wisconsin's Fifth District could be doing the entire radio industry a big favor as legislation that would establish new royalty fees for the airplay of recorded music makes it way across Capitol Hill. With H.R. 3350, a database of nondramatic musical works and sound recordings would be created in an effort to help identify and compensate the rights holders. Could this be the answer for those opposed to Darrell Issa's efforts?

Stock Dip For iHeart Following Ninth Notes Deadline Extension

Another deadline, another extension. That's a common theme for iHeartMedia in recent weeks, and on Thursday the nation's No. 1 radio broadcasting company released that it has extended — for a ninth time — the deadline for participation in term loan offers to lenders and exchange offers to its debtholders. Investors seem displeased, with iHeart shares down nearly 13% on Monday.

Is Pandora On The Rebound?

The streaming audio company's shares on Monday ended the day at their highest point in more than eight weeks. The latest growth is attributed to a SunTrust analyst maintaining his "buy" rating on Pandora, and the revelation that Jana Partners has made an investment in the company.

‘Alfa Rock’ Set For Higher Calling

A heritage rock 'n' roll station serving Puerto Rico for decades will soon be serving up its eclectic mix of active rock, reggae and alternative beats for one final time. Thanks to a just-consummated deal filed today with the FCC, "Alfa Rock" will soon be saying adios to its listeners across the island. What's coming? The sounds of such artists as Jeremy Camp, Chris Tomlin, and tobyMac — following a shift to noncommercial status.

Why Is A GOP Consultant’s Talk Radio Purchase Of Concern?

On February 1, Mitten News quietly acquired two Talk stations in Michigan. Nearly six months later, local media is reporting that there's some controversy regarding the sale of the Talk stations to Mitten News, led by John Yob. That's because Yob is a paid political consultant for the Republican Party, and that's raised questions about potential broadcast and campaign finance law concerns.

This WNY ‘Team’ Member Is Trading Hands

An FM translator that's moving from Fairport, N.Y., to the center of the Western New York city of Rochester has just been sold to a New York City-based entity. The facility is currently delivering the market with CBS Sports Radio programming and is branded as "The Team."

Is A Cincy Noncomm With A Cult Following Closer To Death?

The Adult Alternative format of Northern Kentucky University's WNKU, which airs on three stations in the Cincinnati market, is now officially in jeopardy. That's because the school has agreed to sell the last of the trio of facilities used for WNKU, and the buyer is considering all formats, with revenue and ratings the key criteria.

Five House Members Latch Onto ‘Oldies’ Copyright ‘Fix’

Paging Flo & Eddie: A quintet of Congressional leaders are on your side. With the NAB-backed Local Radio Freedom Act now boasting 206 co-sponsors in the House and 23 in the Senate and little, if any, interest in H.R. 1914 (The PROMOTE Act of 2017) or the better-known "Fair Play Fair Pay Act" (H.R. 1836), a California Republican in the House of Representatives is now taking aim at pre-1972 copyrights.

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‘Alfa Rock’ Set For Higher Calling

A heritage rock 'n' roll station serving Puerto Rico for decades will soon be serving up its eclectic mix of active rock, reggae and alternative beats for one final time. Thanks to a just-consummated deal filed today with the FCC, "Alfa Rock" will soon be saying adios to its listeners across the island. What's coming? The sounds of such artists as Jeremy Camp, Chris Tomlin, and tobyMac — following a shift to noncommercial status.

How Many U.S. Households Have An ‘SVOD’?

New consumer research from Leichtman Research Group (LRG) finds that some 64% of all U.S. households have a subscription video on-Demand (SVOD) service from either Netflix, Amazon Prime, and/or Hulu. That's up in a big way from 2014.
NAB / National Association of Broadcasters

NAB To FCC: Put Biennial Reports On Hold For TV, Radio

Under the FCC's current rules, all commercial and noncommercial radio and TV licensees, as well as attributable interest holders in those licensees, must file ownership reports by Dec. 1 in odd-number years. That means the clock is ticking. However, there's much going on at the Commission, and given "numerous recent proposals" to change the frequency of ownership reporting — among other things — the NAB requests that the biennial ownership reports be suspended.

This ‘Casa’ Deal Is Now Closed

A full-power TV station and its low-power simulcast partner, properties once owned by Equity Media, have traded hands. The new owner is already in control of the pair, which are airing Christian-themed programming in the Rocky Mountain region's biggest DMA. Closing has transpired, with Kalil & Co. representing the seller in this transaction.

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Summer Travel Leads To Trivago Push At Cable

The top advertiser using cable spots to reach consumers is a growing online travel agent that has made actor Tim Williams one of the most recognizable people on TV. We bet you didn't know his name, either.
Auto

Honda, Chevy Spice Up Sales With TV Spots

July is a key month for the automotive industry, and for the week ending July 23, one big Japanese brand big with families introduced a new effort in a big way across broadcast TV. At the same time, a domestic competitor that's a top brand with sedan drivers and truck aficionados alike bumped up its spot activity with television.
Shopping

One Big-Box Retailer Revs Up Radio Spots

The Home Depot may be at No. 1 for weeks to come, given its long run as the No. 1 retailer using radio to reach consumers. Savvy C-Suiters may wish to look at the current activity for a big-box retailer that is filling stores with consumers ahead of the busy back-to-school shopping season.
NAB / National Association of Broadcasters

NAB To FCC: Put Biennial Reports On Hold For TV, Radio

Under the FCC's current rules, all commercial and noncommercial radio and TV licensees, as well as attributable interest holders in those licensees, must file ownership reports by Dec. 1 in odd-number years. That means the clock is ticking. However, there's much going on at the Commission, and given "numerous recent proposals" to change the frequency of ownership reporting — among other things — the NAB requests that the biennial ownership reports be suspended.

Tech Roundup

Internet and digital news for the broadcasting industry.

A Major 4.0 Firmware Update For Brooklyn II Dante Modules

Audinate has released Dante firmware v4.0 for the Brooklyn II audio networking module. According to Audinate, Dante firmware 4.0 delivers critical support for Dante Domain Manager (DDM), alongside performance improvements and bug fixes. This release allows manufacturers to immediately provide field upgrades for existing launched products to make them DDM-ready.

Inovonics Retires the 222 AM Processor

After a 30-year production run, the end-of-life for Inovonics' 222 AM Broadcast Processor has been set. The Model 222 was launched in 1987 and designed to make...

Here’s What Artel Is Showcasing At IBC2017

Want to know what Artel Video Systems has planned for IBC2017 attendees this fall? The company plans to showcase an end-to-end hybrid IP- and fiber-based network specifically designed to address customers' growing requirements as they migrate from direct fiber to all IP or hybrid IP/SDI networks.