A Flat Q2 Ahead For Salem, Following A Dreary Q1
Salem Media Group took the unusual step of releasing its Q1 2019 earnings at 2pm Eastern on Friday, rather than before the start of trading on Wall Street. For the company focused on Christian and Conservative Talk programming, the positive news lies in its Q2 forecast.
Emmis’ Final Quarter of Fiscal ’19: Short of Strength
With less stations to draw income from and NextRadio also now in Emmis' rear-view mirror, how did Emmis do in its fiscal Q4 of 2019? The results were lackluster, but "significant strength" is being seen as the company led by Jeff Smulyan begins fiscal 2020.
Saga Sees Stock Bounce Despite Q1 Dip
The parade of quarterly earnings continued on Friday morning, with Saga Communications sharing with Wall Street some 30 minutes before the Opening Bell just how it performed in Q1. The answer: Not great. CEO Ed Christian is "not content," and spoke at length about it.
You Can’t Trump This: A Reborn Radio Group Dedicated To Donald
No, it's not a stunt. A trio of FM radio stations left for dead by its previous owner following Hurricane Michael, which was just upgraded to a Category 5 storm, will each broadcast speeches from President Trump from today through the 2020 presidential election.
Veritone’s Net Loss Grows, Despite Record Revenue
It's been stated many times that record revenue growth is meaningless if it doesn't translate to net income of significance. In the case of Veritone Inc., no net income was seen in Q1. In fact, its net loss widened despite the strong surge in revenue.
Midwest Exec Makes His Case For FCC Radio Rule Relaxation
On April 19, an RBR+TVBR OBSERVATION offered an editorial opinion on the hotly debated topic of further deregulation of local radio ownership rules. Michael Wright, COO of Midwest Communications, believes relaxing local radio ownership restrictions is overdue.
With ‘Mix’ News Still Pending, WPLJ Reveals Sign-Off Date
It's official: Cumulus Media's sale of WPLJ-FM in New York to Educational Media Foundation will close on June 1. As such, the station's final day on the air will be May 31. Meanwhile, there's no word on what the fate of D.C. sibling WRQX-FM will be.
Translator Swap Gives Salem Added Faith In Tampa Bay
Until now, Salem Media Group has been serving the sprawling Tampa-St. Petersburg DMA with Christian Talk and Teaching programming across two AMs -- one of which has an FM translator serving Lakeland, Fla. Now, it has a Tampa-market FM thanks to iHeartMedia.
Coming To Android Automotive: iHeartRadio Access
Here's some fresh news from the Google I/O conference that will certainly be of interest to every radio industry C-Suiter: Google has revealed that iHeartRadio will be participating in developing an Android Automotive OS experience as an early access partner.
Warshaw Waves Goodbye To Big Sky Sextet
Big Sky Country is the name many associate with the state of Montana. In Billings are two AMs and four FMs that have been owned by the Jeff Warshaw-led Connoisseur Media. Now, Connoisseur is cutting these stations loose to better focus on properties closer to home.
A United Plea For Senate Passage Of PIRATE Act
Broadcaster associations from all 50 states, D.C. and Puerto Rico are asking two powerful Senators to pass legislation approved by the House of Representatives that would provide the FCC with stronger enforcement power against persistent pirate radio operators.
Townsquare Shows Off Its Segments
For the first time, Townsquare Media provided operating margin and profit financials for its three segments. The decision to do so came following discussions from analysts as to why the company had not done so, given the strength of its Townsquare Interactive unit.
Entercom’s Million-Dollar High Desert Departure
An AM-FM combo serving the Victorville, Calif., area inherited from its Reverse Morris Trust-fueled tax-free merger with CBS Radio are being spun by Entercom. Who's the buyer? Someone with properties already in the High Desert ... and in Honolulu.
Foreign Owners Team With Plattsburgh Pair On Empire Buy
In early 2018, a British citizen and his Polish wife attracted attention for their desire to purchase a silent FM in upstate New York left for dead by its previous licensee. Now, the couple are teaming up with another local broadcaster to acquire a silent AM from Joe Reilly.
With Philips’ Pick, McVay Returns To Full-Time Consulting
In August 2011, legendary AC programmer Mike McVay stepped away from his consultancy to take the role of SVP/Programming at Cumulus Media. He's ridden the rollercoaster ride at Cumulus until now. McVay has exited the company, but remains very involved.