Alpha Media Mall Move Comes With $200K Reno Check
Between Milwaukee and Chicago, adjacent to Six Flags Great America, is the Gurnee Mills shopping mall. The Simon property will soon be home to four Alpha Media stations. It's all thanks to a big paycheck from the local government to help Alpha pay for renovations.
Why Is Saga Stock At An All-Time Low?
One year ago, Saga Communications stock was regularly flirting with $39 closing prices on Wall Street. On Wednesday, SGA will open on Nasdaq at just above $28.65 a share. What, in particular, is ailing what has been viewed by many as the strongest performer in the Radio sector?
A Trust Grab For iHeartMedia In a Controversial Market
FCC Commissioner Jessica Rosenworcel in 2017 famously argued that the lack of a locally based studio operation at iHeartMedia's Minot, S.D., stations could have greatly harmed the community, faced with a train disaster in 2002. Now, that cluster is adjusting its holdings.
Today and For Evermore: A Delmarva Deal Closes
In early February, the radio broadcasting company owned by Kirby Confer (pictured) and Donald Alt grabbed a formidable group of stations across the First State and nearby environs. On Monday, the transaction became official as the transaction successfully closed.
The Most Common ‘Noncompliant’ Alternative Inspection Finds
Here's a most helpful column from featured Media Information Bureau columnist Ken Benner focused on what he believes, through countless alternative FCC inspections of broadcast media properties, are the most common items found to be non-compliant.
Media C-Suiters Beware: You’re The Next Cybercrime Target
A ransomware attack impacted Urban One's Q1 earnings. In early April, a ransomware attack crippled Townsquare Media's Shreveport, La., cluster. Think that's a problem? What would happen if your entire C-Suite computer network was held captive by a cybercrime syndicate?
As TV Networks Push Scale, Two Radio Groups Do The Same
One of the biggest messages sent to marketers attending television network Upfront presentations this week was "scale." Yet, Entercom Communications and Townsquare Media have been touting scale for some time, company executives at both companies note.
Yes, WAY: Two-Year Review Results In WUEV Sale
Nearly one year ago RBR+TVBR first reported on the possible sale of another university-owned noncommercial FM radio station. Now, it's official: The school's Class B1 student-run broadcast facility is being sold, and the buyer will be flipping it to Christian Top 40.
What Media Company Is Presenting At B. Riley?
The 20th annual B. Riley FBR Institutional Conference is set for Wednesday at the Beverly Hilton Hotel. At 9:30am that morning, a Camarillo, Calif.-based media company will be presenting its assets and touting its benefits to institutional investors in attendance.
Thoughts From Boston On Radio’s 100 Years
Believe it or not, radio will soon be celebrating its Centennial. In November 1920, KDKA-AM became the first station in the U.S. to receive a broadcast license. Many remembrances will likely be seen over the next 12 months. Today, we turn to Clark Smidt, who waxes nostalgic.
Radio Clobbers Entravision In Q1
Just eight days after Entravision Communications released its delayed Q4 and fiscal 2018 financial report, the company focused on Hispanic media consumers released its Q1 2019 results. The verdict? The TV division saw double-digit growth. Let's not talk about Radio and Digital.
Sound Off: Video Viewers Seek Captions For Muted Public Use
Verizon Media teamed with Publicis Media for a newly released study that examines the relationship between video viewing, sound and captions.Their key finding: as more consumers watch video on-the-go and in public, video audio is becoming secondary.
Mega TV Slump Can’t Stop SBS From Strong Q1
Spanish Broadcasting System owns the most-listened-to Spanish-language radio station in the U.S. It dominates in key markets such as Los Angeles and Miami. This helped SBS achieve 10% consolidated net revenue growth in Q1 despite a disappointing quarter at Mega TV.
What’s Next For Canada’s Corus After Shaw Stake Sale?
Corus shares slipped in Thursday's trading one day after the exchange halted trading amid a steep sell-off in shares for the company that owns 39 radio stations, the Global broadcast TV network, and several cable TV channels. The sharp dip is tied to Shaw's sale of its stake in Corus.
With Shares Near $2, Salem Board OK’s Dividend
Salem Media Group's stock price on April 23 bottomed out. As of 3:15pm Eastern Wednesday, Salem was priced at $2.0263. Share value peaked March 12, but that has not stopped the company's board of directors in giving its approval to a Q2 cash dividend.