‘Ongoing Softness’ For Audio Advertising Impacts Beasley
The owner of broadcast radio stations in markets ranging from Las Vegas and Detroit to Philadelphia, Boston and Augusta, Ga.; experienced a nearly 6% dip in its net revenue during the first quarter of 2024 — a decline that led to a 7% reduction-in-force initiative that became known on Tuesday.
NBCUniversal OKs An Olympics Pact With iHeartMedia
NBCUniversal has chosen an exclusive audio partner for the upcoming Summer Olympic Games from Paris. This will see iHeartMedia provide 24/7 play-by-play audio channels of select NBCU linear coverage of the Games; and create an original Olympic-themed podcast.
Gray Swings To Q1 Income Gains That Sail Past Analyst Estimates
Gray Television on Tuesday not only revealed its Q1 2024 financial results, but the broadcast television station group headed by Hilton Howell Jr. and Pat LaPlatney also offered guidance for Q2. How did Gray fare, and are the second quarter numbers shaping up to beat last year's results?
D.C. Affairs Leader Earns EVP Stripes At Hearst Television
An individual who has played a key role in expanding the company’s distribution relationships and advocacy efforts, previously the SVP of Distribution and Government Affairs, has been given Executive VP stripes at Hearst Television.
Xperi Corp. Earnings Come Wednesday. What’s To Expect?
Following Wednesday's Closing Bell on the NYSE in lower Manhattan, DTS AutoStage, HD Radio and TiVo parent Xperi Corp., fresh off another strong NAB Show in Las Vegas, releases its Q1 2024 earnings report. What can investors anticipate from the broadcast technology company?
‘The Saint’ Anoints BE To Bring In New Automation System
For years, Siena College's noncommercial FM in Loudonville, N.Y., has served as a unique alternative to the commercially licensed music stations serving New York's Capital District. When it came time for the school's WVCR-FM to replace its automation system, Broadcast Electronics delivered.
DBS Providers, Fubo Want Congressional Hearing On ‘Hulu For Sports’
The nation's two direct broadcast satellite service providers, in addition to vMVPD Fubo, conservative-leaning cable network Newsmax, and four public interest groups have written to Congressional leaders seeking multiple hearings on the future of competition in pay TV.
Who Will Be Hispanic Radio’s Next Big Award Winners?
Streamline Publishing's Radio Ink and the Radio + Television Business Report have unveiled the 2024 nominees for Medallas de Cortez awards, which recognize excellence in Hispanic radio programming, sales and management. The winners will be announced in June, in San Antonio.
Key House GOP Members To Query NPR Head On Bias
On April 30, Sen. Ted Cruz sent a letter to the Corporation for Public Broadcasting’s President/CEO querying about “taxpayer-funded” NPR’s reporting. Cruz believes NPR is heavily biased to liberal viewpoints. So do key House E&C Committee Republicans, who wrote to NPR's CEO seeking answers.
Samsung Brings the Big Screen to the Editing Room
Samsung Electronics has opened the doors to a Los Angeles-based theatrical post-production studio that serves as an addition to Amazon’s portfolio of production and entertainment businesses, further enhancing the area’s reputation as a hub for creativity and innovation.
Q1 and Done: Bakish Officially Exits CBS Parent
Everybody's been talking about it since Friday. Now, it is official. Bob Bakish, President/CEO of Paramount Global, is stepping down from his role as CEO and from the Board of Directors.
MoffettNathanson Checks In On U.S. Media Fundamentals
"The biggest unexpected challenge for media companies last year was the underperformance of linear TV advertising," say MoffettNathanson's top two senior analysts covering media companies. "Unfortunately, we do not see this getting much better in 2024."
UpFronts, NewFronts: Ad Dollars, Where Are You?
With story after story suggesting digital ad sales growth is relentless while linear sales action remains tepid, Guideline Solutions has released fresh data that shows the good 'ol Upfront remains important for advertisers seeking adults 18-49, in particular.
FCC Puts Cumulus’ Foreign Ownership Ask Up From Public Comment
The Chief of the FCC Media Bureau's Audio Division has confirmed the Commission will soon release a public notice seeking comment on a recently filed remedial petition for declaratory ruling that seeks approval for specific foreign investors to hold ownership interest in Cumulus Media.
TEGNA’s Hat Trick: Kraken Get Broadcast TV Home
Starting with the 2024-2025 season, the National Hockey League franchise serving the Pacific Northwest will see more than 70 non-nationally televised games appear on broadcast TV. It's thanks to an agreement announced Thursday between the Seattle Kraken and TEGNA.