Excitement Tempered? Sinclair Misses Q1 EPS Forecast
"This is a very exciting time for Sinclair," President/CEO Chris Ripley notes But, could that excitement be somewhat tempered by a mixed Q1 2019 report card, released early Wednesday? Net income missed Wall Street consensus forecasts, but revenue easily beat it.
Entravision’s Finally Delivers Its Q4 ’18 Results
Entravision shares were up sharply as of 3pm Eastern following the company's long-awaited release of its Q4 and full-year 2018 results. How did the multimedia company focused on U.S. Hispanics perform? Here are the details, with Wall Street approving.
Live and Direct: Townsquare’s Growth Is According To Plan
Townsquare Media, which focuses on local media centered around its radio brands in small and medium-sized markets, had a mixed quarter. Or, did it? There's one big blemish, and the company is addressing it. Otherwise, it was a strong start to 2019 for the company.
DuJuan McCoy’s Next Move: A Spin To Byron Allen
One month ago, DuJuan McCoy emerged as the buyer of two TV stations in Indianapolis that Nexstar Media Group needed to sell in order to get regulatory approval of its merger with Tribune Broadcasting. Now, McCoy is poised to focus solely on those properties.
Kagan’s Q1 Media Deal Report Card: A+
Yes, FCC filings have generally been few and far between through the first four months of 2019. But, with respect to deal volume, it's a whole other story, Kagan finds in its review of U.S. broadcast station mergers and acquisitions through March 31.
iHeart Surprises All In Media Rule Revision Comments
On the final day of the FCC's comment period for its 2018 quadrennial review of its media ownership rules, iHeartMedia formally shared how it feels about a contentious NAB proposal to greatly weaken its local ownership caps. In a surprise revelation, iHeart is split on the plan.
Meredith Speaks Up On Local TV Ownership Rule
The FCC's 2018 quadrennial review of its media ownership rules certainly has the entire radio industry's attention. That said, broadcast TV station owners have been vocal in informing the Commission how it should proceed on its Local Television Ownership Rule.
An Apollo Launch For Meredith TV Properties?
A company best known for its female-friendly lifestyle brands and magazine titles is pitching its broadcast TV properties in a manner that echoes what Cox Media Group just did. Company execs aren't talking, suggesting a billion-sale is in the works.
Restructuring Process Complete For iHeart
It's official: iHeartMedia has emerged from Chapter 11 bankruptcy protection, officially reducing its towering debt from $16.1 billion to $5.75 billion. A separation of Clear Channel Outdoor Holdings and iHeart has transpired, and an iHeart IPO now awaits.
Lines In The Sand On Radio’s Possible Deregulation
A major tug of war is shaping up between broadcasters in favor of deregulation and those against it, with the NAB and Republican FCC Commissioner Mike O'Rielly fueling a dramatic loosening of lower ownership caps. Entercom is in this camp. The opposition is building.
As Expected, Entercom Delivers A Strong Q1
No matter how you look at the numbers, investors and industry executives should be very pleased with how the first quarter of 2019 is shaping up for the radio industry's biggest players. On the heels of a largely positive Q1 report card from Beasley, Entercom is glowing.
Media Bureau Sets Pleading Cycle For Nexstar-Tribune Deal
Don't want Nexstar Media Group to proceed with its merger with Tribune Broadcasting? Now is your chance to tell the Media Bureau of the FCC exactly how you feel about a deal that was originally supposed to involve Sinclair Broadcast Group.
Higher Expenses Can’t Deter Q1 Beasley Boost
If there was any blemish on Beasley Broadcast Group's Q1 2019 earnings, released early Monday morning, it was this: Free Cash Flow plummeted and resulted in a loss due to ballooning expenses. Otherwise, Beasley had a strong Q1 as it swung from a quarterly net loss in 2018.
Quadrennial Regulatory Review: 807 Docket Filings And Counting
On February 28, a comment period opened for MB Docket 18-349 that concludes Monday, with reply comments due May 29. With two business days remaining, more than 800 individuals have sent their thoughts on the matter to the FCC -- including Ron Stone.
NAB ‘Corrects’ Erroneous Vacant Channel Claims
The NAB is asking the FCC to consider its input when deciding whether to give TV stations the OK to use vacant channels, where available, to aid in the next-gen broadcast standard transition. In an ex parte filing, NAB nixed arguments made by the Open Technology Institute at New America.