NBCUniversal: Upfront About Its Universal Appeal
NBCUniversal, thanks to its diverse array of media offerings, can target multicultural groups in ways few others can. What stood out for NBCUniversal at its official 2019-2020 Upfront event, held Monday morning at Radio City Music Hall? 'This Is Us,' and Olympians.
Viacom: Read The Fine Print
Media Analyst Michael Nathanson notes there was much uncertainty heading into the AT&T-owned DirecTV renewal negotiations for Viacom. Now, it is very clear what transpired between the two companies. As such, 2019 is now “a tale of two halves” for Viacom.
Scripps Shares Tumble On Shaky Q2 Guidance
Here's the good news: The E.W. Scripps Co. significantly lowered its net loss in Q1, as revenue grew. And now, the not-so-good news: pro-forma Local Media revenue is pacing down low-single digits in Q2, with segment expenses poised to rise. Investors revolted.
A Whole New Cumulus Enjoys ‘A Very Strong Quarter’
"It has been a busy 7 weeks since we last spoke, and we're pleased to be reporting a very strong quarter today," Cumulus Media CEO Mary Berner said Thursday to open the company's first Q1 earnings call since emerging from debtor-in-possession status. Net income was achieved.
Get Down On It: Univision’s Q1 Dance
Univision Communications' Spanish Word of the Day is abajo.That, translated to English, is "down." And, it is the only word that can describe the performance of the nation's biggest Hispanic-centric media company during Q1.
TEGNA Stock Rises On Positive Q1 Results
TEGNA, the TV station owner formerly known as Gannett, saw its shares rise by 1.8% in midday trading on Thursday following the release of what it calls "solid first quarter results." Was TEGNA's braggadocio justified?
Radio Challenges Put A Dent In Urban One’s Q1
A ransomware attack, along with added expenses tied to a late-night TVOne talk program hosted by D.L. Hughley, were black marks on an otherwise positive Q1 earnings report delivered early Thursday by Urban1. Still, net revenue slipped even as Reach Media and TVOne saw gains.
Will House Democrats Grill Pai At FCC Oversight Hearing?
Any changes to the nation's local media ownership rules will likely come under the close scrutiny of two House members who have emerged as foes of Ajit Pai. A May 15 hearing could prove to be a pivotal moment for the Commission, and for radio and TV rule "modernization."
Gray Shares Slide Despite Largely Healthy Quarter
"Record operating revenues" were heralded by Gray as it released its Q1 results. Of course, there's more to the story, and when costs related to its Raycom merger are subtracted from the mix, strong quarterly earnings were seen. Perhaps investors didn't get the message.
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.