Gray Swings To Q1 Income Gains That Sail Past Analyst Estimates
Gray Television on Tuesday not only revealed its Q1 2024 financial results, but the broadcast television station group headed by Hilton Howell Jr. and Pat LaPlatney also offered guidance for Q2. How did Gray fare, and are the second quarter numbers shaping up to beat last year's results?
Adell Says No To Joint Appeal Of FCC’s WADL Sale Conditions
The owner of a UHF station serving Detroit has notified the day-to-day head of the TV broadcasting company that seeks to purchase the property that it will not participate in any regulatory appeal of a FCC decision allowing it to proceed with six big conditions. Could that doom the deal?
Fubo Shares Slide As Net Loss Lowers For vMVPD
Sports-first virtual MVPD Fubo successfully trimmed its massive debt in Q1 2024. However, even with a revenue beat, investors in the 10am Eastern hour began to sell off shares in droves after an early bump in value. Could bigger concerns be at play for those with Fubo stock?
Net Loss Dip, But Earnings Slip For Cumulus in Q1
For Cumulus Media, the first three months of 2024 brought some relief: Its net loss declined. But the company's adjusted EBITDA also fell, as its revenue also slipped, coming in just shy of a consensus estimate based on the input of two analysts who track the company led by Mary Berner.
Longtime Katz Television Head Leo MacCourtney To Retire
He was named President of the Katz Media Group entity in 2012 and has served in various high-profile television industry roles across 50 years. His last day is scheduled for June 30, at which time the individual serving as Chief Operating Officer for the past 12 years will succeed MacCourtney.
Linear TV’s Ad Dollar Vacuum? It’s Zuckerberg’s Baby
With Meta presenting Thursday afternoon at the NewFronts, the Mark Zuckerberg-founded parent of Facebook, Instagram and Whatsapp is poised to attract marketers galore. A just-released WARC report indicates Meta is now the biggest dollar-for-dollar competitor with TV.
Consumer Media Usage Flatlines In 2023
Digital and traditional media channel consumption across the world’s 20 largest markets and the rest of the countries in the four major global regions grew by just 0.3% in 2023 to an average of 56.2 hours per week, according to PQ Media. This marks a sharp deceleration for growth.
Nexstar Shifts The CW To Three O&Os, With Detroit In Limbo
Nexstar Media Group on Wednesday shared where The CW Network will be moving to in two of the seven markets where The E.W. Scripps Co. announced on April 19 it would be discontinuing affiliations as of August 31. But, it gave no hints as to what will happen in the Motor City.
Schatz, Cruz Bill Would Curb Kid Social Media Use
Keeping kids off "addictive social media" and helping to "protect them from its harmful effects" is the goal of legislation introduced in the Senate by the Ranking Member of the Commerce Committee — Texas Republican Ted Cruz — and a Democratic Senator from Hawaii.
Key ‘AM Radio for Every Vehicle Act’ Supporters Want Senate Vote
The AM Radio for Every Vehicle Act, introduced on May 17, 2023 by Massachusetts Democrat Ed Markey in the U.S. Senate, now includes bipartisan support from 60 Senators. Now, the question is when the legislation will come up for a full floor vote in the upper body of Congress.
NBCU: Reducing Affiliate Olympics Pull With Roku Deal?
NBCUniversal and Roku are ready to launch a new destination on the Roku Home Screen Menu designed to help users easily access and explore coverage of the Olympic Games Paris 2024 this summer via the Peacock app — and not a NBC-affiliated broadcast TV station.
Q1 and Done: Bakish Officially Exits CBS Parent
Everybody's been talking about it since Friday. Now, it is official. Bob Bakish, President/CEO of Paramount Global, is stepping down from his role as CEO and from the Board of Directors.
FCC Fines Wireless Carriers For Illegally Sharing Location Data Access
The FCC on Monday fined the nation’s largest wireless carriers for illegally sharing access to customers’ location information without consent and without taking reasonable measures to protect that information against unauthorized disclosure. Sprint and T-Mobile face fines of more than $12 million and $80 million, respectively.
Nearly 18 Months Later, Dish OKs CMG Retrans Deal
In 2020, a retransmission consent disagreement between Cox Media Group and Dish lasted five months. Two years later, no new accord could be agreed upon between the direct broadcast satellite company and the over-the-air TV station owner. Now, after 17 months, a new carriage agreement has been signed.
Gray Television Touts Its NEXTGEN TV Firsts
What's the state of NEXTGEN TV in the U.S.? Sinclair Inc. is pushing ahead with potentially lucrative initiatives tied to broadcast data fueling the "internet of things." Now Gray Television is sharing some of its more recent accomplishments as NEXTGEN TV continues to grow its nationwide footprint.