Healthy Gains For iHeartMedia In Q3
If the often-overused buzzword "transformational" could only apply to one company, perhaps iHeartMedia qualifies as one. On July 18, it began trading on Nasdaq as "IHRT," following a successful exit from Chapter 11 bankruptcy protection. Today, it can celebrate "strong results" in Q3.
A ‘STAR’ Move For STELAR In the U.S. Senate
In a move that will certainly upset broadcast media leaders including Emily Barr and the NAB, Republican Sen. Roger Wicker of Mississippi has moved forward with the introduction of the "Satellite Television Access Reauthorization" (STAR) Act's introduction in the upper body of Congress.
Investors Cheer Comscore CEO Change As Q3 Net Loss Lowers
By all accounts, Comscore's Q3 earnings results were a bit of a surprise: While its revenue fell short of the Zacks Consensus Estimate by 2.4%, the troubled company with a brand-new CEO lowered its quarterly per-share loss -- and beat the Street, big time. Investors on Wednesday responded positively.
What the FOX: Nexstar’s Big Deleverage Deal
Nexstar Media Group on Wednesday released its Q3 earnings results. A day before, it made a deal designed to provide richer revenue in perhaps Q3 2020 and beyond. The nation's No. 1 owner of broadcast TV stations late Tuesday confirmed that it is conducting a buy-and-sell deal with FOX.
Higher Operating Expenses Can’t Slow Down Townsquare Media
Townsquare Media enjoyed healthy increases in its Q3 advertising net revenue. Total Townsquare Interactive revenue surged by 26% from Q3 2018. But, direct operating expenses were also up. Did that impact Townsquare’s net income in the quarter? Nope.
Radio Gets A Little Love From A Top Thought Leader
"Outdoor, radio and print-based media rarely see the focus that pure-play digital and television-related media do, but continue to offer significant opportunities for marketers," says Group M's Brian Wieser. While he affirms radio's effectiveness, those with buying decisions need to overcome a few issues.
FCC Symposium To Tackle Radio/TV Trends
A host of radio and television industry leaders, including Radio + Television Business Report Chairman Eric Rhoads, will appear as panelists for the daylong event, scheduled to take place at FCC Headquarters on Thursday, Nov. 21.
Altitude Returns To DirecTV As Comcast, Dish Dump Continues
A regional sports network heavy on Mile High pro teams, owned by Stan Kroenke’s Kroenke Sports & Entertainment, has been absent from DirecTV, DISH Network and from Comcast since Sept. 1, with DirecTV dropping the RSN on August 29. Late Thursday, KSE and DirecTV inked a new deal.
Carr Talk: FCC’s Third Circuit Response
FCC Commissioner Brendan Carr said Thursday morning that the agency is "finalizing its next steps" on how to respond to the Third Circuit Court of Appeals' vacate and remand decision that nixes its media cross-ownership rule revision. The Court's decision is already impacting Cox Media Group.
ViacomCBS ‘Lines of Revenue’ Leadership Unveiled
Senior leadership appointments across ViacomCBS' revenue lines have been unveiled, and they're effective upon closing of the deal to combine CBS and Viacom. The company say the appointments will enable ViacomCBS "to drive strong, multifaceted opportunities with distributors, advertisers and other partners."
What’s Beyond ‘Freaking Ugly’? U.S. Pay TV In Q3
In previewing the last quarter of media earnings, respected Wall Street analyst Michael Nathanson used the term “freaking ugly” to describe the current state of the U.S. Pay TV market. "This quarter, we will need to find a new phrase that is even more negative to describe third quarter trends," he laments.
FCC To Tackle 27-year-old ‘Duplicative Programming’ Rules
Did you know that the FCC has a rule that limits the amount of duplicative programming commonly-owned radio stations in a market can air? The current version of these rules dates to 1992. The Commission's latest "modernization" effort could see a modification -- or outright ax -- of these regulations.
America’s Next TV Duopoly: Coming To Vermont
On Oct. 17, a LPTV deal involving a station serving towns in east-central Vermont received some outsized attention. The buyer is one of the biggest TV station owners in the U.S. Now, the seller is dealing a full-power station serving Burlington, creating a duopoly.
Walden’s Pond Will No Longer Involve Capitol Hill
Oregon Republican Greg Walden, Ranking Member of the House Energy & Commerce Committee, will be leaving Capitol Hill come January 2021. In a video statement distributed Monday morning, he shared that he has declined to seek reelection, capping a 30-year career as a public servant.
Another Ransomware Attack Ravages A Radio Cluster
A new ransomware attack has disrupted the operations of a group of radio stations serving a bucolic region of the Pacific Northwest some two hours to the east of Portland, Ore. The stations' owner said via Facebook the problems began Tuesday, and continued into Thursday afternoon.