Could Congress’ ‘CASE’ Increase Radio and TV Copyright Riffs?
A bill that passed the House in October and is currently up for consideration in the Senate may be of interest to those seeking to limit litigious activities -- and payments -- in the years to come. Introducing the Copyright Alternative in Small-Claims Enforcement Act of 2019.
Salem Resets Q3 Release To Tuesday
In an uncommon move announced just hours before analysts and investors were set to receive them, Salem Media Group on November 6 shelved the distribution of its Q3 earnings results until further notice. The company is now ready to present its numbers to investors and analysts.
Radio Hall of Famers Revel At 31st Annual Event
Last Tuesday, Mike Francesa was making headlines by announcing that he's leaving the afternoon slot at Entercom's WFAN-AM & FM in New York — again — come December. On Friday night, Francesa made headlines again — this time as the MC for the Radio Hall of Fame 2019 event.
Are You Ready for 2020?
A new decade is about to roar through the door. It’s time to throw out everything you think you know and start considering what you don’t know. Two amazing Keynote addresses at the exclusive Forecast 2020 conference provide the VIP opportunity to network and learn from industry leaders.
Entercom Acknowledges It Suffered A ‘Cyberattack’
Entercom EVP/CFO Rich Schmaeling confirmed during his company's Q3 earnings call that the company -- on the 18th anniversary of the 9-11 terrorist attacks -- indeed was struck by a "cyberattack." He even offered a dollar amount, in the hundreds of thousands of dollars.
Entercom Beats The Street By A Penny
If there ever was a perfect time for one of the nation's most scrutinized media companies to deliver positive results, Q3 2019 was it. Entercom Communications delivered, beating Wall Street EPS estimates by 1 cent and surpassing its revenue prediction by $3 million.
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.