the HOT List

Preston Padden joins RBR+TVBR Editor-in-Chief Adam R Jacobson for an exclusive 30-minute conversation that offers his views on why FOX shouldn’t be permitted to continue owning WTXF — something FOX through its attorneys at Covington & Burlington argues "would upend decades of established Commission precedent."  LISTEN HERE

“We achieved a record quarterly advertising revenue of $274.4 million, up 14% year-over-year, led by strength in our Digital segment, which now comprises 84% of total revenue,” said Chris Young, Chief Financial Officer for Entravision Communications. A simple glance at the company's Q3 2023 results illustrates just how significant Digital is.

“Sinclair reported a strong third quarter with revenues exceeding the high-end of our guidance ranges and adjusted EBITDA exceeding the mid-point of our guidance for the quarter by 40%,” Chris Ripley, the President/Chief Executive Officer of Sinclair Inc. shared. Indeed, Sinclair's earnings surpassed analysts' forecasts.

A "groundbreaking breakfast" will be held Thursday at the elegant Willard Intercontinental Hotel to "raise awareness and empower African American and Hispanic voters" in the 2024 election cycle. The hosts are major media companies in the Hispanic and Black spaces, respectively.

Adell Broadcasting Corp. on May 10 signed off on an agreement to sell its Detroit TV station for millions of dollars. The deal has yet to close, and the man who today runs Adell believes regulatory approval won't be approved anytime soon. In protest, Adell has pulled The CW Network affiliation from WADL-TV. There's a reason why.

It's been said that "flat is the new up." For the satellite-delivered audio content creation and distribution company seeking to get more users to connect via a smartspeaker or smartphone app, flat financials were the key takeaway from its Q3 2023 earnings report. The other big issue: declining subscriber rolls.

Forecast 2024 is November 15 at the prestigious Harvard Club in New York, and there's still a chance for you to secure a seat at this A-list event. Enjoy a full day of sessions that will arm you with fresh data, insights and intelligence from leading analysts, regulatory policy shapers, and Wall Street experts. Don't miss the chance to be in the room where it happens!

Audacy Inc. has disclosed to the Securities and Exchange Commission that it has worked out a grace period extension with a lender, giving it more time to pay interest on its 2029 Notes without defaulting. The audio content creation and distribution company concurrently entered into two other grace periods of varying lengths.

The third annual "Broadcast Media's Top Tech Leaders" are now being considered for this year's honors. This salutes the leading information technology and engineering minds in broadcast media, who work diligently behind-the-scenes to ensure broadcast media remains relevant and resilient — keeping it future-proof.

Court-appointed trustee Michael Carmel on Thursday morning conducted the auction sale of Royce International Broadcasting's broadcast stations. Three winning bidders are believed to be in the drivers' seat — a sign that Stolz's quest to somehow retain ownership of his AM, three FMs and two FM translators is nearly over.

As Mary Berner sees it, there's a "dichotomy" between local and national revenue that is playing a key role in the company's profit and loss sheet, as Cumulus saw its net revenue drop and its net income shrink against tough comps.

For Comcast Corp., which owns NBCUniversal, the Peacock OTT losses are subsiding. Theme park business is bustling. But its Xfinity home internet service is showing signs of a slowdown, with a Q3 2023 decline many didn't foresee. That news sent Comcast shares down sharply in Thursday's trading. 

Noted media industry financial analyst Brian Wieser can't get past the fact that television advertising "struggles to grow." Now, he's offered suggestions as to what the industry can do to combat the problem.

On Wednesday RBR+TVBR shared the news that American Tower Corp. co-founder Tom Stoner has died. Now, a CEO shift is set to commence at the company once led by the late Steve Dodge, as its President/CEO has announced his retirement.

"My focus was on analytics and the use of data to inform cross-media planning, buying and forecasting," says John Fix. "Along the way I developed a passion for radio, which resulted in a 15X adoption of Radio in 2 years." Now, the "Most Senior Media Analyst" at P&G is concluding his career.