Radio News

SBS late Monday released preliminary estimated Q2 2018 results, as nearly every publicly traded company is in the midst of sharing their official second-quarter financials with Wall Street and the world. Small net revenue increases are expected, while the non-GAAP measure of OIBDA looks strong.

In November 2017, a Notice of Apparent Liability for Forfeiture was issued to an individual in the San Fernando Valley found to have operated an unlicensed FM station at 101.5 MHz. The purported radio pirate didn't respond to the NAL. As such, the proposed fine is now set in stone, and he's been asked to pay up.

A three-page internal memo distributed across Entercom's radio stations on Monday sheds new light on the radio company's testy relationship with United States Traffic Network (USTN), which has taken a financial hit of approximately $30 million thanks to internal issues that have plagued the third-party provider of traffic reports to AM and FM stations across the U.S.

The nation's largest market, iHeartMedia, is a holdout against lifting the FCC's regulations on local radio station ownership limits. Now, a coalition of 10 radio broadcasting companies have spoken out in support of more consolidation — and have stated they're OK with a proposal drafted in June by the NAB. We have an RBR+TVBR Observation on this touchy topic.

It's been a foregone conclusion that Bonneville International Corp. would be acquiring the eight radio stations it is already operating via a Local Marketing Agreement with Entercom Communications in two Northern California markets. Entercom pulled the trigger on the sale of the eight stations​ in these cities late Friday.

"As you know, over the past year we have laid out a comprehensive plan for Scripps to improve its short-term operating performance while positioning itself well to create long-term value." With that, E.W. Scripps Co. President/CEO Adam Symson provided an update on the company's progress toward making that goal a reality while sharing strong Q2 results.

Exactly two weeks ago, Beasley Broadcast Group shares sat at $10.60. Few knew what was to come the following Monday, and in the following 48 hours. A big chunk of stock was to be sold by the Bordes family, opting to cash out of shares awarded to them as part of Beasley's acquisition of Greater Media. BBGI shares sank in value, and Caroline Beasley discussed the matter on Friday.

Entravision's Q2 earnings results were released just before RBR+TVBR's Thursday afternoon news deadline. We took a peek, and the multimedia company targeting Hispanic consumers had a strong quarter. Revenue was up, and so was net income. Why? It's thanks to digital, CEO Walter Ulloa notes.

The radio industry has expressed concerns that it will not receive the necessary funds to deal with various inconveniences tied to the broadcast TV industry's post-FCC spectrum auction "repack" process. Congress acted by giving the Commission the authority to implement new rules that will provide a more robust reimbursement plan. Now, the FCC is one step closer to releasing those dollars.

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.

If you own stock in radio industry pure-play Saga Communications, you might want to take note of a change that's set to begin on Thursday, August 16. Not to worry — you probably won't notice anything out of the ordinary, aside from the exchange your shares will soon be traded on.

The gossip and chatter from Los Chismeros in Miami has heated up again with speculation that Univision Radio is indeed looking to unload its stations, possibly to Cumulus Media or even Lew Dickey Jr.'s Modern Media. A just-released press release from Univision's N.Y. office may be designed to quell those rumors.

With 3,000 watts from atop a hill in Kingston, N.Y., "Radio Woodstock" has established itself as a home for Adult Alternative music while building itself a nationally known brand. It's made news for holding listener fund drives to combat ad revenue declines against Townsquare Media and iHeartMedia cluster sales. Now, WDST is fighting to stop a co-channel FM translator from signing on 45 miles to the south, where Z100's signal has a presence, too.

In this Hispanic Radio Podcast, SBS EVP/Programming Jesus Salas shares why the launch of a brand-new station and adjustments at two other FMs in Puerto Rico couldn't come at a better time. He also discusses how local social media influencers are leading one of the brand refresh efforts, and how politics and the need to talk will soon reshape another FM station known for salsa.

On Monday, Salem Media Group enjoyed a healthy stock gain. On Tuesday, it gave back half of that improvement with a 9% drop. Meanwhile, Beasley Broadcast Group shares fell by 5.2%, continuing a steady decline for the radio pure-play that puts BBGI back to levels last seen in December 2016.