the HOT List

For Gray Television, local advertising is healthy. Automotive is roaring back. As such, Core Advertising rose year-over-year in the third quarter and is trending upward in Q4, too. But, did Gray meet street forecasts with its revenue and earnings per share?

The owner of more broadcast TV stations than any other U.S. company did not meet analysts' estimates on revenue. That said, 2024 looks to be robust for Nexstar, as company founder and CEO Perry Sook spoke positively of how "recently negotiated distribution contracts" will benefit Nexstar starting with Q4, along with big political dollars.

Just how much of a dip Radio and TV broadcasting companies would see has now emerged as the bigger question. For TEGNA, the third quarter saw revenue that came in under the consensus estimates of Wall Street analysts.

Digital Networks LLC has been actively lighting up low-power television stations across the U.S. The latest station to see the arrival of all five digital multicast channels from Digital Networks' parent Get After It Media is a property serving a dual-city metropolitan area hugging the Red River.

On October 31, it became known that Kevin Adell, in protest of regulatory inaction of his sale of WADL-38 to Mission Broadcasting, yanked the station's affiliation of The CW Network. Next Monday, the Nexstar Media Group-owned broadcast network will make its return to the Motor City. It's thanks to an agreement with The E.W. Scripps Co.

Don't think for a minute that the absence of over-the-air TV channels on Dish's lineups isn't a big deal. Pay TV subscriber rolls dipped in Q3, leading to a surprise loss in the quarter. If that wasn't enough, Dish's Chief Executive Officer revealed he's stepping down as part of a planned merger with EchoStar. Investors revolted.

As Vince Bodiford sees it, the deal that brings the companies together allows Arena Group Holdings and Bridge Media Networks to "fully harness the potential of strong media brands, audience engagement and multiple platforms anchored in the digital, print and broadcasting spaces."

There are plenty of positive takeaways from The E.W. Scripps Co., as its third quarter EPS and revenue each surpassed the consensus estimate provided by Wall Street analysts. Investors responded positively, with Scripps shares soaring in Friday's trading. Yet, Q4 projections remain shaky — even as key ad categories including Auto are on the rise.

For Paramount President/CEO Bob Bakish, the company continued to "prioritize prudent investment in streaming while maximizing the earnings of our traditional business." Yet, the company that owns CBS News & Stations on Friday reported Q3 earnings that can't hide revenue declines at its far-biggest dollar generation unit: TV Media.

FOX Corporation on Thursday released its financial results for the first quarter of its 2024 fiscal year. On first glance, the big takeaway is that a soft advertising market is impacting its revenue. However, a closer look at the company's fiscal health report indicates that higher expenses are the culprit for a quarter that could have been better, and perhaps worse.

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.