the HOT List

Procter & Gamble Co. Chief Brand Officer Marc Pritchard's Monday appearance at the ANA's Multicultural Marketing & Diversity Conference took the topic of shedding the notion of the "general market" up a notch. The most influential man in the ad world called for more dollars to be directed toward multicultural and Black-owned media.

The audio content creation and distribution company that's also an ESports player, thanks to its ownership of an Overwatch League team, swung to net income from a Q3 2021 net loss. But, did Beasley beat Wall Street forecasts with its third-quarter 2022 results?

The word "strong" may be appropriate —  a 417% increase in net income attributable to common stockholders was achieved, compared to the same period of 2021. Yet, Gray Television missed Wall Street earnings per share estimates in a big way, and investors weren't pleased. Gray shares finished Friday's trading on the NYSE with a massive 34% decline.

When it comes to understanding just how iHeartMedia performed in the three-month period ending September 30, a close look at its fiscal health report and a glance at its adjusted EBITDA performance is necessary. Otherwise, one might be floored by what appears to be a significant swing to a hefty net loss.

From its Reach Media national radio arm to its cable television networks TV One and Cleo, revenue improvements were seen for Urban One, the African American-focused multimedia company that owns the MGM National Harbor hotel and casino in suburban Washington, D.C. But, did Urban One see a net income gain?

The flurry of executive-level changes at The CW Network following its acquisition by Nexstar Media Group continues just one day after it appointed a new EVP/ Distribution, Strategy, and Affiliate Relations. A new President of Entertainment has been named for The CW.

Net income grew despite a year-over-year dip in revenues during the third quarter. While the EPS finish beat the Street, the revenue fell short of Wall Street estimates. There's a big reason for this: the separation of Diamond Sports Group. Thus, a closer look at the results is needed. And, they're good.

The Commission on Tuesday moved forward with the adoption of a forfeiture order fining Gray Television for violating its rule, saying it owned two of the top four stations in Anchorage. Gray immediately blasted the FCC, and is taking the Commission to court. Commissioner Nate Simington won't mind: he dissented.

The fiscal first quarter for Fox Corporation, reflecting the three-month period ending September 30, was a stellar one for the company. Affiliate revenue grew by 3%; it was led by 6% growth in the Television segment. The bigger story: Advertising revenue increased 8%, primarily due to higher political advertising revenues at the FOX Television Stations.

The radio industry, in particular, has had a hard time at attracting and raising capital. The broadcast TV industry's challenges aren't so hard. Yet, a new S&P Global Market Intelligence report suggests that broadcasting is particularly weak in its dollar magnetism.

If all goes according to plan, sale agreements will be submitted to the FCC early next week signaling the court-administered divestment of 13 AM and FM radio stations licensed to Rocking M Media. Four buyers are involved, and Greg Guy of Patrick Communications served as Rocking M's broker.

Nearly two weeks after Nexstar Media Group's broadcast TV stations and its NewsNation cable channel were blocked to subscribers of Verizon FiOS cable services, a retransmission consent agreement has been signed by the largest owner of broadcast TV stations in the U.S. and the regional MVPD.

As Cumulus Media CEO Mary Berner sees it, the company's third quarter earnings results are "solid." Yet, "market-driven headwinds" led to a 2% revenue decline in the period. Blame that on national advertising channels, she said. The bigger takeaway is that digital revenue has continued to grow, and profitability has increased as well.

The $20 billion CDN proposed merger between Rogers Communications Inc. and Shaw Communications, which involves the sale of Freedom Mobile to Quebecor to help gain Canadian regulatory approval, is today in doubt after the three companies failed to mediate their differences with the federal competition bureau.

The FCC has approved a Notice of Proposed Rulemaking that would boost the operational readiness and security of the nation’s public alert and warning systems — the Emergency Alert System and Wireless Emergency Alerts.