Saga Goes Up Against Gray With Q2 Earnings Call
Earnings season is rapidly approaching, and that means investors and financial analysts will have their eyes peeled on the all-important second quarter results for publicly traded broadcast companies and even such privately held entities as TelevisaUnivision. On August 5, one radio industry pure-play will release its Q2 '22 fiscal report. And, it is holding its earning call at exactly the same as that of television industry player Gray Television.
Hyland Charmed With iHeart Market President Promotion
The man who has served as SVP/Sales for iHeartMedia's Washington, D.C. stations is heading up I-95 to take the company's top job in Charm City. Effective immediately, a 19-year media veteran who began his career with Clear Channel in New York's Capitaland region is now Market President of iHeartMedia's Baltimore station group.
Despite Revenue and ‘SOI’ Gains, Impairment Losses Hurt Beasley In Q2
As August began, so did the second quarter earnings season for broadcast media companies, putting all eyes on Beasley. Will the company be the trendsetter for audio content creation and distribution companies for the three-month period ending June 30? Perhaps the hopeful answer is "no."
Entercom Shares Sink To A New Five-Year Low
David Field, Entercom's President/CEO, may be all smiles in this pic. But, the company's stock is hemorrhaging following the early Tuesday release of less-than-satisfactory Q1 2018 results. With Wednesday's close, ETM shares are at their lowest point since Q1 2013.
Birach-Owned AM Destroyed by Fire
Until Thursday, it was a Class B AM that powered down to 243 watts at night, serving the Delmarva Peninsula. This AM also enjoyed a bit of "FM revitalization" for its "Timeless Favorites" musical programming, with an FM translator. Today, the broadcast facilities are inoperable. A blaze devastated the Birach Broadcasting-owned station's offices and studios.
SBS Finally Releases Its Q4 2017 Results
Every publicly traded radio broadcasting company in the U.S. has shared their Q1 2018 earnings results except one — Spanish Broadcasting System (SBS). In fact, the Miami-based company on Wednesday evening just presented their Q4 and full-year 2017 results. How did SBS do? Not great.
SBS Ups Regalado To Key Government Affairs Role
Spanish Broadcasting System has promoted Tomas N. Regalado to a position that gives him leadership over the Hispanic media company's regulatory needs while also becoming the Number Two to President/COO Albert Rodriguez.
Entercom Shares Rebound As Stock Goes Ex-Dividend
With the addition of CBS Radio, all eyes are on Entercom as the company continues to fully integrate a host of high-profile properties into its operation. With a shaky Q1, ETM shares dipped significantly on Wall Street. Now, they've started a rebound — just in time for Tuesday's commencement of ex-dividend trading.
Broadcast Radio Now Included In ‘End-to-End’ Marketing Product
It's a TransUnion unit that calls itself "a leader in identity resolution," providing the data and technology that connect brands and consumers. And, it has just signed a partnership with the nation's top audio content creation and distribution company. It's a move that brings broadcast radio to Neustar.
Brantley Buys A Soon-To-Be Daytimer
Here's a deal that caught the attention of TRANSACTIONS TODAY in a way no other recent station sale has: A 1kw Class C AM with a Construction Permit to become a non-directional daytime-only operation with less power is trading hands. The facility comes with an all-important FM translator, which helps to explain why an operator would want less output out of a full-power radio station.
Marketron NXT Helps Restricted Industries
The Marketron NXT digital advertising platform has been upgraded to handle the needs of advertisers operating in industries facing restrictions. The new capabilities will aid advertisers of cannabis, CBD, gambling, alcohol, fireworks, politics and others.
Entercom’s Philly Shuffle, With Jerry Lee and Beasley
Rumors were rampant on Wednesday night that Entercom Communications would be making an announcement of some sort on Thursday morning. What was the news? Entercom is selling its Country station in Philadelphia to Beasley Broadcast Group, its one-time owner. Entercom won't be dropping in station count in the City of Brotherly Love however: It is acquiring Jerry Lee's stand-alone AC.
SBS Assails Apollo, Cox Media For ‘Outdated’ Alexa Skill
SBS President/COO Albert Rodriguez has condemned Cox Media Group and Apollo Global Management for what he believes is a deliberate attempt to prevent audiences seeking to stream its recently acquired radio stations in Orlando and Tampa from accessing the respective FMs on a smart speaker.
A Radio Show Spotlight On ‘Processes, People and Platforms’
The Mentoring and Inspiring Women in Radio (MIW) Group will share tales of how group members moved up the ranks into executive leadership positions and how they are grooming the next generation of leaders at a 2018 Radio Show session scheduled for Sept. 27.
Salem Gets Back Seattle AM, But With Limitations
An asset purchase agreement dated June 2 and filed with the FCC sought Commission approval of the sale by Intelli LLC of an AM radio station back to the company that said goodbye to the facility in May 2018.
Now, that long-awaited affirmative nod has come from the Commission. However, there will be some power restrictions once Salem Media Group gains control of the station.