Ahead Of Chapter 11 Exit, Audacy Narrows Let Loss In Q1
Audacy Corp. joined the many broadcast media companies that decided to release its financial results for the first three months on Thursday. How did the company founded by CEO David Field's father, Joseph, fare?
For iHeartMedia, A Q1 Loss Narrows As Stock Value Plummets
Did the company led by CEO Bob Pittman and COO/CFO Rich Bressler meet the street in Q1? No, but the company was quick to note its 1.5% revenue dip was in line with its own guidance range. Shareholders were unimpressed, with "IHRT" losing more than 30% of its value in Thursday's trading.
Nexstar Enjoys A Strong Start To 2024
"An excellent start to 2024." That's the summation from Perry Sook, founder and Chairman/CEO of Nexstar Media Group. Indeed, Nexstar's Q1 2024 net revenue were in line with analysts' expectations, thanks to "record" dollars during the three-month period.
Retrans Revenue Propels Sinclair In Q1
Core advertising revenue fell short of its guidance in Q1 2024. However, Sinclair's "distribution revenue," a.k.a. retransmission consent dollars, came in ahead of its own estimates. Did Sinclair's Q1 2024 revenue meet Street expectations? No.
‘Ongoing Softness’ For Audio Advertising Impacts Beasley
The owner of broadcast radio stations in markets ranging from Las Vegas and Detroit to Philadelphia, Boston and Augusta, Ga.; experienced a nearly 6% dip in its net revenue during the first quarter of 2024 — a decline that led to a 7% reduction-in-force initiative that became known on Tuesday.
Caitlin Clark ‘Fever’ Expands To 11 Markets
Seventeen Indiana Fever WNBA games will air not only on WTHR-13, but on co-owned TEGNA stations in Des Moines, Louisville, and in the Quad Cities of Illinois and Iowa. Additionally, agreements have been finalized with five other TV station ownership groups.
‘Retro Reverie’ A Key Value In LEGO Icons Radio
Introducing the "Retro Radio," a 906-piece set made of LEGO pieces that promises "a delightful voyage through musical time, combining vintage charm with contemporary functionality."
Salem Quietly Posts Q1 Results That Repeat 2023 Concerns
Salem Media Group, the company led by Dave Santrella focusing on Christian-themed and conservative secular spoken word audio content, reported a slight decrease in its net broadcast revenue during Q1 2024 as the company net loss was statistically flat from one year ago.
The InFOCUS Podcast: iHeartMedia Q1 2024
CEO Bob Pittman and CFO/COO Rich Bressler offered a full analysis of how iHeartMedia performed in 2024 in an earnings call held directly opposite that of Townsqaure Media. This inFOCUS Podcast offers Pittman and Bressler's audio comments in full.
Saga Swings To a Net Loss In Q1
Radio broadcasting company Saga Communications, perhaps the lone "pure play" among U.S. station owners with a publicly traded stock, saw its net revenue decline in Q1 as expenses rose. This led to an operating loss for the first three months of 2024.
Townsquare Media Surpasses Analysts Estimates Despite Weaker Q1
While net revenue was down, as was adjusted EBITDA, it met Townsquare Media's guidance as operating income rose by 56.7%. That's a sign, says CEO Bill Wilson, that Townsquare is building momentum across the year, setting up the publicly traded company for a strong 2025.
Xperi Corp. Trims Its Net Loss, Reaffirms 2024 Outlook
The company behind the DTS AutoStage, HD Radio and TiVo is sticking with its previously announced guidance for 2024 as it released a Q1 2024 earnings report indicative of how it seeks to reduce its losses and soon turn a profit.
Media Companies Pitched To Invest In Tech Startups
"We partner with U.S. media companies to accelerate the growth of startups using the power of media capital." That's how a new independent media capital fund launching stateside describes itself, and how it is the first fund to invest media capital — namely digital and TV advertising — in tech startups.
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Neuhoff Station Sale Closes
A transaction announced on February 1 brokered by Kalil & Co. that marks the end of radio station ownership for the Neuhoff Family in two Illinois cities has closed, with radio stations in both Danville and Decatur now under the ownership of a group led by Larry Perrotto.
Iconic Denver Newscaster Rick Sallinger Dies
The veteran news reporter for KCNC-4, the CBS owned-and-operated property serving Denver, has died of natural causes at the age of 74.
Cost Controls, Scripps Networks Trends Get Analyst’s Queries
While CEO Adam Symson shared that Scripps is "off to a pretty good start for the year," shares tumbled in Friday's trading following an earnings call that saw Wells Fargo analyst Steven Cahall ask about Q2 revenue guidance for the Networks arm.
Entravision Reduces C-Suite Expenses With Leadership Shifts
Entravision Communications, which today sees the bulk of its revenue come from global digital advertising initiatives while its roots remain in U.S. Hispanic radio and television station ownership, has a new Treasurer and Chief Financial Officer. Christopher Young has departed the company.
How A Top Commencement Speech Can Help You
Believe it or not, the impact and structure of one memorable college graduation addresses provides a bevy of public speaking learning lessons for broadcast media executives. Veteran PR professional and public speaking coach Rosemary Ravinal outlines these key takeaways in this column.
Hispanic Radio Alliance To Gather To Discuss Journey Ahead
In the closing moments of the 2023 Hispanic Radio Conference, a coalition of broadcasters and vendors was formed that has since turned into the Hispanic Radio Alliance. In the last hour of this year’s Hispanic Radio Conference, the Alliance will again take the floor — this time as a panel — to discuss the journey ahead.
Latest Radio Mercury Awards Finalists Announced
The 2024 finalists range from regional to large advertising agencies and radio stations as well as national and local advertisers from business categories including automotive, consumer packaged goods, entertainment, healthcare, nonprofits, quick-serve restaurants, retail, telecommunications, travel and hospitality.
For A Bright Future Foundation Links With NABLF
The National Association of Broadcasters Leadership Foundation is teaming with a nonprofit organization dedicated to supporting underprivileged and underrepresented children that is designed to provide students with educational opportunities and "sustainable employment prospects" in the media industry.
‘The Saint’ Anoints BE To Bring In New Automation System
For years, Siena College's noncommercial FM in Loudonville, N.Y., has served as a unique alternative to the commercially licensed music stations serving New York's Capital District. When it came time for the school's WVCR-FM to replace its automation system, Broadcast Electronics delivered.
Televisa Taps Synamedia to Overhaul Mexican Broadcast Distribution
TelevisaUnivision is now using Synamedia’s Media Edge Gateway (MEG) and PowerVu solutions to overhaul its broadcast distribution throughout its network of Televisa stations, spanning 180 stations across Mexico.
Samsung Brings the Big Screen to the Editing Room
Samsung Electronics has opened the doors to a Los Angeles-based theatrical post-production studio that serves as an addition to Amazon’s portfolio of production and entertainment businesses, further enhancing the area’s reputation as a hub for creativity and innovation.
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