Entercom Shares Surge On Positive Q3, Podcast Forecast
In August, Entercom shared that it had acquired podcast producer Pineapple Street and the outstanding shares of major podcast company Cadence 13. Today, podcasts and digital account for 12% of Entercom revenues. With a strong outlook for 2020, ETM shares caught fire on Friday.
AT&T ‘Good Faith’ Complaint Gets Media Bureau OK
In a victory for the owner of DirecTV, AT&T TV NOW and U-Verse, the Media Bureau on Friday granted a complaint from AT&T that pointed fingers at seven broadcast station groups for failing to negotiate in good faith for consent to carry the signals of their stations.
FCC To Fight Media Rule Rewrite Remand
The FCC has filed a petition in the Third Circuit Federal Appeals Court seeking an en banc review of the panel's 2-1 decision vacating its cross-ownership media rule "modernization" order. The move signals that the Commission has no interest in reworking its rules and wants a Court sign-off.
The Break-Up: Strategic Review Ends With Nielsen Split
After weeks of conducting a strategic review and the failure to attract a buyer, the parent company of the nation's dominant audience measurement and consumer data provider -- Nielsen Holdings plc -- will spin off its "Global Connect" business. David Kenny will lead "Global Media."
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.