Business As Usual As Tribune Media Suffers A Weak Q1

Lower advertising revenue from its television and entertainment units, coupled with an impairment charge, led the company merging with Sinclair Broadcast Group to a slide in Q1 net revenue and a swing to a steep net loss.

A Magical Fiscal Q2 For Disney As Net Income, Revs Rise

Steamboat Willie is sailing full-steam ahead, as Mickey and Belle boosted both ABC and beleaguered sports network ESPN in bringing The Walt Disney Co. fiscal Q2 results that were far from beastly. Theme parks and Disney's studio operations were to thank for the strong results.

ATSC 3.0: A ‘Voluntary’ Path Full Of Hurdles?

The transition to the next-gen broadcast TV standard, ATSC 3.0, has some broadcast TV companies excited about what lies ahead. But, while much of the discussion has focused on new advertising opportunities, there's a tech angle that has been barely talked about. Simply put, ATSC 3.0 can make a broadcast TV station as powerful as a wireless services company—with respect to data. Even so, the ACA and the NAB both want "light touch" regulation regarding the transition. In this RBR+TVBR INFOCUS report, we examine how ATSC 3.0 can bring two new dynamics to broadcasters—whenever it actually reaches critical mass.
Australia Flag

Broadcasting License Fees Abolished!

An increasingly competitive commercial environment, with intense competition for audiences and advertising revenue from other media companies, has led to the end of broadcasting license fees and datacasting charges. Furthermore, there's been a repeal of the "two out of three" and 75% audience reach media ownership rules. G'day, readers: This is what's happening in Australia.
Perry Sook

A Solid Q1 For A Much Bigger Nexstar

Nexstar Media Group released its first Q1 earnings report following its merger with Media General, and on a combined basis, Nexstar had a stellar first three months of 2017. A key catalyst for the growth? Retransmission fees, the new go-to for many broadcast TV companies.

Is Tribune Media’s Sale To Sinclair Fair To Shareholders?

A trio of law firms say they are commencing an investigation into the fairness of the sale of Tribune Media Co. to Sinclair Broadcast Group. Is this a case of "ambulance chasing," or does a dissent group of Tribune shareholders truly want to put a stop to the biggest TV industry deal in recent memory?

Pandora’s Box: A Cash-For-Stock Deal, Or A Buyer Appeal?

On a day when it released Q1 2017 results reflecting a loss of $132.3 million, streaming audio favorite Pandora revealed that it has received a $150 million strategic investment from KKR. However, there's chatter that Pandora won't ever take a penny from KKR, and that it will find a buyer before it engages in a deal relinquishing preferred stock in the company.

Ripley’s Believe It Or Not: What Sinclair-Tribune Looks Like Is Massive

Upon closing its merger with Tribune Media in Q4 2017, Sinclair will enjoy a whopping $4.3 billion in combined revenue, while enjoying coverage of 72% of the U.S. That's nearly double the size of the broadcast TV industry's other key players, and Wells Fargo Securities senior analyst Marci Ryvicker gives her thumbs up. Meanwhile, media brokers who spoke with RBR+TVBR see this as the beginning of a transformative time for the TV business.
SBG / Sinclair Broadcast Group

Sinclair Gets Tribune Media In Mega-Deal

Following rumors late Sunday that a deal was imminent, Sinclair Broadcast Group and Tribune Media Co. have reached a deal that will see Sinclair acquire 100% of the issued and outstanding shares of Tribune for $43.50 per share, for an aggregate purchase price of approximately $3.9 billion. Sinclair will also assume approximately $2.7 billion in net debt.

The FCC Under Pai: The First 100 Days

The First 100 Days. Many media organizations have turned to the White House, and its accomplishments (or lack thereof) since the transition in power from President Obama to President Trump. On Friday, they had a new individual in D.C. to turn their attention to, as FCC Chairman Ajit Pai shared with a conservative think tank with heavy influence what he's done since succeeding Tom Wheeler as the Commission's leader.

Flat TV Revenue, Small Radio Dip Ding Scripps In Q1

With tough comps due to a loss of political dollars and a tightening advertising landscape, perhaps flat is good for a media company in the early months of 2017. For The E.W. Scripps Co., TV division revenue was statistically flat in Q1. Meanwhile, the company's radio stations experienced a 4.2% revenue dip during the quarter. What's truly hurting Scripps is its digital division, and there's one clear reason why.

This Big Advertiser Just Consolidated Its Media Biz

A big advertiser that does the bulk of its business in the first quarter of every year has elected to bring its media buying and planning, social strategy, and creative all under the same umbrella. In doing so, Publicis Groupe has snagged a media assignment valued at $146 million, according to industry estimates. For the TV and radio industry C-Suite, now is the time to set appointments to win over business from this "taxing" client.
Entravision Communications Corporation

Entravision Enjoys A Strong Q1, Declares A Dividend

The first three months of 2017 have been kind to a company dedicated to super-serving Hispanic media consumers across the U.S. Entravision Communications, which not only owns radio stations but is also the largest Univision and UniMás affiliate partner in the nation, saw its net income rise 15% in Q1. The good performance, thanks wholly to its TV segment, came as the company's board of directors approved a cash dividend to shareholders.
CBS

No Super Bowl, Radio Spin, Leaves CBS At A Q1 Loss

An additional NFL game and the presence of Super Bowl 50 on CBS-TV one year ago made a big difference for CBS Corp. in Q1. So did a loss of political dollars, as the company swung to a net loss. Net revenue was down to $3.34 billion, from $3.59 billion. But, the coming merger of CBS Radio with Entercom had perhaps the biggest impact on CBS's Q1 earnings.
Wall Street

Rocky Thursday For Radio, TV Stocks

Publicly traded radio and TV companies have experienced a decline in share value as a result of MoffettNathanson LLC's Craig Moffett releasing an investor report on Wednesday highlighting a sharp decline in pay-TV subscriptions. The dips continued today for most companies. Saga Communications is flying high, and so is Tribune.

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