Here’s A Deal That’s A Decade In The Making
Thanks to a history of religious tolerance and photo-friendly churches, Charleston, S.C., earned the nickname "The Holy City."
Serving this reverent radio market is a Class A that until now has aired a Gospel format targeting African Americans. This station is finally heading to a new owner.
Townsquare Share Surge Follows Positive Q2 Report
On a day with plenty of downbeat news and stock market declines involving media companies, Townsquare Media was a shining star on Wall Street. Shares climbed 5.5% after the company bested analysts' estimates on both revenue and earnings. As a result, TSQ looks better than BBGI or ETM.
A Smaller Net Loss For SBS
Baby steps taken to reach an ultimate goal that's positive may be a great way to get out of a tough situation. That's a good way to describe the progress seen by Spanish Broadcasting System (SBS) during the second quarter of 2019.
Salem Shares Slip On Q2 Revenue Miss
How did Salem Media Group perform in the second quarter? Zacks Equity Research examined the company's Q2 results, distributed late Thursday, and has this summation: "This quarterly report represents an earnings surprise of -300%."
Cumulus’ Q2 Breakdown: Station Income Dwarfs WWO
Cumulus Media currently operates in two reportable segments: its group of AM and FM radio stations, and its Westwood One national radio arm. Is one unit performing better than the other? Yes. It's the shrinking collection of AMs and FMs, based on net income shifts.
A Backyard Deal Is Done For Nielsen Audio
The owner of a group of radio stations serving the greater Williamsport, Pa., area has just signed a multi-year agreement for Nielsen Audio measurement. This company has sat out of Nielsen participation in the market, ranked No. 262, since the spring 2018 survey.
Minnesota FM Drifts To Subarctic Buyer
A Class C3 FM serving New Ulm, Minn., that for the last 11 years has served as a simulcast partner of a Rock station based in Mankato, Minn., is trading hands. The buyer is Subarctic, but we believe no polar bears are heading to the studios and sales offices.
Field Of Flowers: Positive Q3 Pacings Affirmed For ETM
Is Entercom's Q3 pacings forecast trustworthy, as its second quarter prediction did not watch the quarterly results? Yes, President/CEO David Field said while admitting the missed Q2 call "sobered" him. The comments came as Entercom shares collapsed by some 36%.
Cumulus’ Sponsor ID Flub Involves Two Detroit FMs
While the matter originally involved a New Hampshire radio station, Cumulus is now being fingered for transgressions at two Motor City stations, in addition to properties in the Michigan markets of Flint and Ann Arbor. A Macon, Ga., AM is also on the hot seat.
JackFM’s U.S. Sales and Distribution Sail To Skyview
Thanks to a new partnership inked by Sparknet, Phoenix-based Skyview Networks and Local Radio Networks (LRN) are taking on the network sales and satellite distribution of the Adult Hits brand known as "JackFM." The agreement between the parties goes into effect on Jan. 1, 2020.
Strong Advertising, Interactive Grow Propel Townsquare
Townsquare Media has established itself as the local media company full of early risers. Its C-Suite executives long ago established 8am Eastern as the time it would hold its quarterly earnings calls, and Tuesday was no different. What would CEO Bill Wilson have to share?
A Large-Sized Leap in a Small-Sized Town
A Class A Classic Rocker serving a collection of small towns to the west of Toledo, Ohio, has taken the still uncommon step of adopting HD Radio in a vastly rural region. "We wanted to be the first HD Radio broadcaster to serve our four-county region,” says the station's second-generation owner.
Saga Enjoys An EPS Gain On Flat Revenue In Q2
If there was ever a time when Saga Communications needed a boffo earnings report to boost the morale -- and buys -- of its shareholders, Tuesday was perfect. Why? The arrival of a strong Q2 report from the radio industry pure-play sparked slumping shares.
Pillsbury Dough Show: Radio’s Financial Future Unfurled
A dynamic lineup of radio industry executives and financial experts will discuss the business impact of significant regulatory changes affecting radio at a 2019 Radio Show session hosted by Pillsbury Winthrop Shaw Pittman. It's set for the afternoon of Sept. 24.
Rev Up, Income Down For Beasley In Q2
Beasley Media Group, ahead of Monday's Opening Bell on Wall Street, said its net revenue went up in the second quarter. However, operating income was flat, as net income for the radio industry pure-play went down.