Tweet This: Social Media Firm’s Q3 For The Birds
Following in Spot Inc.'s footsteps in 2016 would have been a good move. Today, with respect to its finances, it is ill-advised. Tell that to Jack Dorsey, the billionaire CEO at Twitter. His company's shares plummeted Wednesday on Wall Street following the release of less-than-stellar Q3 2021 results.
A Top Wall Street Voice Crows Over Spotify
With 15 minutes until Wednesday's Closing Bell on Wall Street, 100 shares of Audacy Inc. stock would cost, minus any broker fees, $325.50. That's still not even close to the revised price target one financial analyst just put on a single share of Spotify stock, lauding the streaming audio company for an "excellent" Q3 2021 report card and an outlook that is "quite strong."
Research Director Partner Ready To Retire
For 24 years, he's served as a partner at radio industry programming and sales data and insights consultancy Research Director. Now, after 40 years in the radio industry, he's announced his retirement at year's end.
Impressions and Radio: Perfect Together
"There is a way to buy radio advertising that is thousands of times better than using ratings points." What, pray tell, could that possibly be? The Southern California Broadcasters' Association (SBCA) has the answer,
Executive Promotions Come at Bonneville
Bonneville International has announced what it is calling "several significant executive promotions as part of a strategic focus on growth." This sees the appointment of two Market Managers at the Salt Lake City-based media company.
Salem Q3 Release Added To Heavy Day Of Analyst Calls
Remember that infamous Reese's Peanut Butter Cup coffee mug former FCC Chairman Ajit Pai frequently used? Investors and analysts who actively watch broadcast media companies better get two ready for November 4. A sixth licensee of broadcast stations has scheduled their third-quarter 2021 earnings release on this date, with the results distributed following the day's Closing Bell.
This Is London: No FM Switchoff Mandated For U.K.
With RAJAR ratings due Wednesday for the first time since the arrival of COVID-19 in Great Britain, many across the U.K. are biting their nails and praying that listening levels haven't fallen since the last surveys. At the same time, they're perusing new rules "needed to protect British radio output on smart speakers" — regulations that do not put a mandatory switch-off date in place for analog FM transmissions.
Radio’s On-The-Spot Brand Lovers
What are the top advertisers using spot radio to connect with AM and FM radio listeners? For the week ending October 24, some intriguing brands are on the latest Media Monitors Spot Ten Report. One new entrant is a Procter & Gamble Co. brand not necessarily known for its audio creative.
Salem Shares Rocket To Fresh Three-Year High
It was July 2018 when Salem Media Group shares were priced this high. And, with Friday's closing price on the Nasdaq GlobalMarket, the company known for its conservative Talk and Christian-themed radio stations will have concluded one of its biggest-ever trading days, with a massive 33 million shares traded.
Vaccination? No. A Weekly Live On-Air COVID-Test? Yes
A Talk radio host in Jacksonville, Fla., has made it clear: He's refusing to provide proof of a COVID-19 vaccination to his employer, Cox Media Group. Instead, he's volunteered to undergo weekly COVID-19 testing live on the air. The first weekly testing sessions commenced on Wednesday.
Audacy, iHeart Affirm Q3 2021 Earnings Release Dates
Two of the nation's largest audio media content and distribution companies have set the days on which they will release their Q3 fiscal report cards.
From Townsquare to Alpha Media For a New Regional Leader
She has experience at the now-defunct Regent Communications, and joined Townsquare Media with that company's acquisition of Regent more than a decade ago. Starting in Flint, Mich., this sales executive shifted to New Jersey and then returned to Flint at the end of 2013 after a year working for iHeartMedia in Chicago. Now, Zoe Burdine-Fly is flying off to Alpha Media.
WO Streaming Acquired by Audacy. It’s Being Renamed
The acquisition, recently hinted at by Audacy, Inc. in an SEC fiing, gives the company formerly known as Entercom control of the WideOrbit digital audio tech business. President/CEO David Field says it "perfectly complements" Audacy's organic investments to make the company’s digital platform a top choice for listeners, clients and partners.
A Popular Talk Radio Host Challenges Company Vaccine Mandate
On May 24, WMAL-FM in Washington talk host Dan Bongino went national, as part of a major effort led by Cumulus Media's Westwood One to gain as many affiliates of the Rush Limbaugh Show it could following the host's death earlier this year. Today, Cumulus and Bongino are squaring off over the company's mandatory COVID-19 vaccination policy. And, Bongino is vaccinated.
A Reduced Target Price for SiriusXM Stock
Pivotal Research Group analyst Jeffrey Wlodarczak suggests investors consider acquiring Liberty Sirius XM Group Series A shares as a more favorable choice over Sirius XM stock. Why? A new research report explains his thought process.