Stocks end slightly higher; Dow sets record close
Stocks ended a choppy session with small gains Friday as the Dow Industrial Average pushed to a record close. Meanwhile, the Nasdaq still posted...
‘The Big Bang Theory’ slides to low; ‘American Idol’ rises
CBS was number one Thursday with adults 18-49 and with total viewers. On CBS, The Big Bang Theory earned a season low 3.7, down...
Dave Diamond passes
Word has been received that Dave Diamond, one of rock radio’s earliest stars, died recently in Spearfish, South Dakota. Diamond was born
NAB files comments on auction repacking, translators
Here are comments NAB filed with the FCC regarding the methodology used to calculate TV station coverage areas following the broadcast spectrum
2014 Radio Mercury Award finalists named
157 radio spots and campaigns have made it to the finals of the 2014 Radio Mercury Awards, which
Nielsen, NBCU team for Olympics 3-screen pilot
Digital video viewing saw double-digit growth in 2013, making cross-platform insights critical for
JD Freeman sets retirement
CCME San Francisco announced longtime Market President, JD Freeman, will retire on 5/21. Freeman has been in the broadcasting industry for more than 43 years and with Clear Channel Media and Entertainment for the past 18 years. During his time with Clear Channel he has held leadership roles in the Phoenix, Dallas and Santa Barbara markets and served as Senior Vice President of Operations for the Southwest Region.
CBS reports mixed results
CBS revenues of $3.86B came in a tad light of our expectations of $3.93B (consensus of $3.92B), but the rest results looked solid. The miss was mostly related to tough yoy comps vs. Super Bowl and more NCAA games. However, CBS reported record Q1 EPS of $0.78 vs. our forecast of $0.73 (consensus of $0.75). OIBDA was $930M, above our $912M estimate and consensus of $911M. The results were driven by higher margin content licensing (+6%) as well as strong affiliate/retrans fees (+9%). Heading into the Upfront,
National advertisers spending in local markets
In the incredibly competitive local advertising marketplaces throughout the U.S., national advertisers are playing
Entravision Q1 up 7%
Net revenue increased to $52.7 million for the quarter, from $49.1 million for the Q1 2013, an increase of $3.6 million. Of the overall increase, $2.8 million was generated by the television segment and was primarily attributable to increases in local ad revenue and retransmission consent revenue. The remaining $0.8 million of the overall increase was from the radio segment and was attributable to an increase in national ad revenue.
Bill Fanning on “Radio Retrans” bill
On 5/7, we reported House Energy and Commerce Committee Vice Chair Marsha Blackburn (R-TN)
Scripps Networks Interactive Q1 saw 8.3% boost
Revenues for the quarter increased 8.3% to $644 million from the prior-year period. Results reflect strong
Liberty Interactive/QVC Q1 up 1%
Liberty Interactive grew QVC US revenue by 1% and adjusted OIBDA by 3% in Q1. QVC's revenue
DISH Q1 up 6%
DISH Network reported Q1 revenue totaling $3.59 billion for the quarter, compared to $3.38 billion for Q1 2013—up 6%. Net income
ACA: Comcast-TWC-Charter deal threatens consumers, competition
ACA CEO Matthew Polka told a House panel 5/8 that Comcast’s merger with Time Warner Cable and parallel transactions with Charter Communications will result in significant competitive harm to independent cable operators and their customers and should be blocked if conditions won’t adequately address the severe anti-consumer impact.