A Beasley ‘Insider’ Scoops Up Some BBGI Shares
It's always a vote of confidence to longterm investors when an officer of a company purchases a big chunk of its own publicly traded shares. That's just happened at Beasley Media Group. And, while financial blog Simply Wall St. says "it may not be a huge deal," it is good to see. But, just who acquired the shares?
SiriusXM, Pandora, and Stitcher Ad Sales Unite
For advertisers seeking to reach audiences via "live radio," streaming music and podcasting, there's a new solution — courtesy of a company built on siphoning in-car audio consumers away from AM and FM stations.
Townsquare’s Terrific Quarter, Driven By Digital
Townsquare Media's digital growth story is one that has been building for several quarters. In Q1, the revenue climb continued. The digital prowess, combined with "strong expense management," led Townsquare to see its adjusted EBITDA climb by 30% from Q1 2020 and by 7% from Q1 2019. "Adjusted" is the key word when reviewing the numbers.
Investors Ignite iHeart Stock As Audacy Slips
Three radio station owners released their third quarter earnings reports following Thursday's Closing Bell on Wall Street. One saw digital prowess while its recovery across its streaming and broadcast radio assets came in ahead of expectations: iHeartMedia. In response, its stock soared on Friday. In contrast, Audacy was down on downbeat earnings.
That ‘Whip Antenna’ On Two Trucks? The Reason is Radio
A blog devoted to General Motors trucks this week anwered a most intriguing question: Why do the Chevy Silverado and GMC Sierra pickup trucks still use a "whip antenna"? The answer was simple: AM and FM radio reception in rural areas demands it.
Another South Padre FM Gets Spun
In mid-April, a Class A FM that’s been simulcasting a Mexico-licensed Regional Mexican station operated by a Rio Grande Valley-based broadcaster on the U.S. side of the border was sold by MBM Texas Valley. It's now seeking FCC approval to sell a second station serving the popular beach community.
Salem Swings To Net Income With Quality Q1
If there ever was a time to swing from a significant net loss to profit, this is it. And, Salem Media Group delivered, with total revenue rising year-over-year. Here's the thing: Salem's publishing division, along with continued strong digital dollars, made the feat possible. Net broadcast revenue declined in the first quarter of 2021.
A Strong Day On Nasdaq for Cumulus
Cumulus Media's first quarter 2021 results, and its sequential improvements, appear to have gotten the seal of approval from some in the investment world. The company's shares were up significantly on Thursday.
Saga’s Q1 Earnings Portrait Continues To Set Downbeat Tone For Radio
It was a company first: Saga Communications President/CEO Ed Christian suffered a painful muscle pull, and was at a doctor's office getting X-Rays instead of offering his trademark "picturesque comments" on the company's Q1 2021 earnings call. What did the first three months of the year look like for Saga? The picture mirrors those of other radio companies.
Smart Speakers Usage Surge Seen Among U.S. Moms
Just in time for Mother's Day is a report that suggests buying a smart speaker for Momma isn't a good idea. Why? She's likely already got one, and uses it a lot. That's the basis of data analysis of moms and smart speakers from the Edison Research/Triton Digital series The Infinite Dial that also takes info from Edison's The Social Habit.
A Private Marketplace Comes To iHeartPodcast Network
The nation's largest owner of broadcast radio stations has flipped the switch on a "first-of-its-kind" Private Marketplace designed to provide advertisers with programmatic buying access to distribute their marketing to audiences across programs found on its podcast network.
Audacy Joins The NewFronts, and IAB’s Podcast Upfronts
For the first time, audio media company Audacy is taking part in the IAB NewFronts. Additionally, it will have a presence at the IAB Podcast Upfronts. At each event, the company formerly known as Entercom will preview the latest in digital content and podcast programming.
Beasley Stock Slumps Following Q1 Earnings Release
A wider net loss. Lower station operating income. Those are the key takeaways for Beasley Media Group, which released its Q1 2021 earnings results on Tuesday morning. Investors reacted by shedding shares in BBGI. As the final hour of trading began on Tuesday, Beasley's stock price was down by nearly 12%.
‘Radio In the Year of COVID’: An Advance Look
Thursday will see a half-dozen Q1 2021 earnings calls competing with Estrella Media's Upfront presentation and a webinar showcasing Edison Research's Moms and Media Study. In the middle of all of these noteworthy events is Jacobs Media's presentation of its Techsurvey 2021 results. We've got a smidge of the details prior to this May 6 online affair.
Delilah Buys A Radio Station. It’s Where It All Started
She rules evening radio — and has for decades — with her unique approach of uplifting the lives of listeners all across the country. Now, she's returning to where it all began ... sort of. Delilah is buying the Oregon radio station where she first took to the airwaves.