Strong Q3 Puts A Stop To Steep BBGI Stock Slide
With its stock falling to prices last seen in June 2009, its been a brutal year on Wall Street for Naples, Fla.-based Beasley Media Group. The bleeding for its battered shares ceased on Thursday, following the release of Q3 results that focus on "record" revenue and improvements in net income and SOI.
Strong Political Headwinds Stifle Saga’s Growth
When it comes to quarterly earnings calls, Ed Christian always seems to keep a financial report card post-mortem assessment entertaining and full of poignant tales. For Saga's Q3 2019 earnings call, he delivered a lengthy soliloquy replete with tales involving Iceland and Vince Lombardi.
A Happy Alfred Liggins III Cheers Urban One’s Q3 Results
Urban One is more diversified than ever as it seeks to benefit from superserving a resurgent African American component of the multicultural consumer audience. In Q3, the company did not disappoint investors, with increases in adjusted EBITDA and revenue fueled by its radio broadcasting division.
AGM Seeks To Snag Another Bakersfield FM
American General Media is one of the leading radio broadcasting companies serving the southern San Joaquin Valley of California. In the Bakersfield market, it owns and operates two AMs with an FM translator, and four FMs. With the FCC's blessing, it is about to add a fifth FM to the mix.
Salem Postpones Its Q3 Release; Sells Another Fla. AM
The Camarillo, Calif.-based entity that focuses its content on Christian-themed programming, in addition to Conservative Talk shows, has a short explanation as to why it is postponing the earnings results until further notice. It came following the Form 314 filing signaling its sale of a Central Florida AM.
Lacking Euphoria: Univision’s Q3 Radio Concerns
Univision Communications enjoyed a healthy Q3, but its revenue was clearly driven by its Media Networks -- a.k.a. its digital and visual media content vehicles. For the company's 58 or so radio stations, there are revenue concerns, with the Uforia division now a drag on the company.
Guess What They’ll Say At Forecast?
What distinguishes the Forecast group head session from other conference panel sessions is the audience: key investors or analysts. That’s why this session is always off the record. You won’t know what’s been said or who has said it unless you are at Forecast on November 20 in New York.
TSQ’s Fall Faith: Lower Leverage, Better Guidance
Analysts and investors alike -- along with radio industry cheerleaders looking for a strong start to the quarterly earnings season -- will likely be energized by Townsquare Media's Q3 performance. Net leverage is down -- way down. At the same time, the company's 2019 guidance is now higher.
Will Cumulus Beat The Street In Q3?
With a widely known consensus outlook that indicates a year-over-year decline in Q3 earnings, due to lower revenues, Zacks Media Research says it is important to view how Cumulus Media's actual results compare to these forecasts. Look for CMLS to soar if the company beats the Street.
With Hours To Spare, 82 Broadcasters Offer EEO Reply Comments
Just in the nick of time, 82 Broadcasters joined together in submitting Reply Comments — through Womble Bond Dickinson attorney John Garziglia — to the comments previously filed by NAB, ACA Connects and EEO Supporters. Here's what they had to say.
Florida Community Radio Gets A Partial Petition Dismissal
In July, a petition was filed with the FCC by Florida Community Radio that requested additional tolling of a Construction Permit expiration. The Media Bureau denied the petition, but FCR wasn't satisfied, and sought reconsideration. A decision has been rendered on that request.
Farmers, Ranchers Reach Seven-Station Neb. Deal
The only farmer-and-rancher-owned radio association is expanding its reach. The Nebraska Rural Radio Association has reached an agreement to purchase seven additional radio stations in Nebraska. Kalil & Co. served as the broker in this transaction.
How The ‘Perfect Mix’ Made North America’s Top Radio Station
Imagine yourself at the helm of a radio station that just scored a 26.2 share of the total audience in one of the biggest markets in the nation. Welcome to the world of Luc Tremblay, steward of North America's most successful pop music station -- a station still threatened by Spotify.
Guess Who’s Coming To Forecast?
Don't let the door close on your chance to be part of the conversations at Forecast and the "Top 40" reception that will set the tone for business over the coming year and bring together old and new associates for a day of exclusive networking.
Sirius XM Shares Rise On Strong Q3, Analyst Upgrade
Sirius XM's results were better than expected in nearly all aspects, helping SIRI climb 3.9% to $6.72 in Thursday's trading. For one top Wall Street watchdog, Sirius XM is on track for slightly better year-end 2020 valuations than where it is now, and where he previously thought it would be in 14 months.