Here’s The Opening Keynote Panel for a Virtual Media Finance Focus 2020
Wednesday was initially set to be the concluding day of the 2020 Media Finance Focus conference, slated for a venue just steps away from the famed Chinese Theatre. Alas, the COVID-19 pandemic scrubbed the confab. Instead, a virtual event is on tap, and it will begin with "A View From The Top." Radio industry leader Darrell Brown is among the speakers.
Hubbard Makes a Multichannel Executive Move
Hubbard Radio has selected a “Brand and Digital Content Development Director," based at its Twin Cities headquarters, to assist the company's market-level managers with strategies for the creation of new multichannel content.
Cumulus Erases Nine Days Of Wall Street Dips
Oh, those finicky investors! One day after dipping to its second-lowest post-bankruptcy low, Cumulus Media shares exploded in heavier-than-usual trading on the Nasdaq Global Select market. Wednesday’s trading session finished with CMLS up by more than 21%.
Formats … Without the Ratings: Radio Revenue In COVID-19 Times
Longtime Boston-based radio programming consultant Clark Smidt has combed through the April Nielsen Audio ratings results for his home market. There, as in other locales where the PPM is used, cume -- the number of people actively tuning to radio -- has tumbled since the COVID-19 pandemic began. But, Smidt believes ratings are only part of the story radio can tell.
RBR+TVBR Coronavirus INFOCUS Podcast: Mark Shecterle
As a true believer in live and local radio, NRG Media's Omaha Market Manager believes his group of stations is poised to outperform as COVID-19 concerns start to fade. That said, an interesting sales story has emerged ... not to mention news that shower curtains are in place to protect on-air talent now back at work! Get the full scoop in this latest podcast. LISTEN HERE
Can Bullish Analysts Propel Entercom Stock Back?
Entercom Communications was among the companies Simply Wall St. took a magnifying glass to when pouring over the Q1 2020 results -- and what analysts had to say. Their report? Entercom is highly regarded, and investors seem to be paying attention.
Thank Eric and Wendy Schmidt For NPR Journalist Grant
A $4.7 million grant has been granted to NPR from philanthropists Eric and Wendy Schmidt to the Collaborative Journalism Network for the expressed use in the creation of two new regional newsrooms. One will be in the Midwest. The other will be in California.
Simply Wall St.: ‘Analysts Have Soured Majorly’ On Cumulus
A respected financial blog that's home to analysts with an eye on broadcast media companies has socked it to Cumulus Media, following the recent release of Q1 2020 earnings that left many observers with a sour taste in their mouths.
Urban One Selects Its Q1 Earnings Release Date
Urban One, the media company superserving African American consumers, will be holding a conference call for investors, analysts and other interested parties to discuss its results for the first fiscal quarter of 2020 on Thursday, May 28. The company's results will be released earlier in the day.
An Atlanta Alternative for iHeart: A Bigger Latin Pop Signal
RBR.com UPDATE: WRDG-FM 96.7 in Union City, Ga., an iHeartMedia station that covers the southern portion of the Atlanta region, is now a simulcast partner with WBZY-FM 105.7 in Canton, Ga., which covers the northern portion of the market and formerly had the WRDA call letters. The WRDA calls are now at Urban "105.3 The Beat."
Eagle Flies Into Missouri Monopoly With St. Joe Buy
A Class D AM with an FM translator serving a Missouri city known as the headquarters of the News-Press & Gazette Co. is being sold. No, NPG isn't the buyer. It's an Eagle that's set to fly high with this Classic Hits facility.
RBR+TVBR Coronavirus INFOCUS Podcast: Jim Coloff
How has COVID-19 impacted second-generation Iowa family broadcaster Coloff Media's radio stations, which includes 2020 NAB Crystal Heritage Award winner KCVM-FM 93.5 "The Mix" in Waterloo, Iowa? We find out in this episode of the RBR+TVBR Coronavirus INFOCUS podcast, hosted by Editor-in-Chief Adam R Jacobson. LISTEN HERE
Constitution State’s Virtual Town Hall Combo
On Monday at 7pm, a two-hour COVID-19 Virtual Town Hall will be held for Connecticut residents and business owners. For TV viewers, two Nexstar Media Group stations will air the event. Can't watch it? No worries: iHeartMedia's 11 radio stations across the state will offer an audio broadcast of the session.
Urban One Gets A Nasdaq Delisting Warning
The COVID-19 pandemic has brought economic pain to many a broadcast media company. In the case of African American-focused media entity Urban One, it now includes a notice from Nasdaq that its Class D common stock is not in compliance with its listing rule.
Entercom’s Q1: Digital Growth Overshadowed by Spot Scraps
Entercom's high profile New York stations are based just 30 minutes north, by foot, of the NYSE. As such, the company likely has an outsized role in determining the importance of audio advertising to media buyers and planners. The company's Q1 2020 earnings call proved that Entercom's online assets are winners. The AMs and FMs? A challenge persists, and analysts are concerned.