Michiana Combo’s Sale OK’d By Bankruptcy Court
Without objection, an Indiana federal bankruptcy judge approved the sale of an AM-FM combo serving an area of the Midwest known as “Michiana.” The judge’s OK in mid-April put the wheels in motion on a long-planned sale of the stations as part of a debt liquidation agreement.
Entercom and Entravision Have Something In Common
OK, we admit it: We've occasionally confused the names of these two very different media companies. However, they both have something very much in common with Thursday's Closing Bell on Wall Street. Entravision and Entercom are at new lows with their respective stock prices.
FCC Moves Forward With FM Translator Interference NPRM
Streamlining the process for filing an FM translator interference complaint, and the remediation procedures used by the FCC to resolve such an issue, is one step closer to fruition. The Commission has issued an NPRM that will allow the public to comment before the FCC votes on its proposed changes.
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.
Should A Wisconsin FM’s Sale ‘B’ Denied?
A Wisconsin Class A FM branded as “The Valley’s #1 Hit Music Station!” is poised to become the newest member of the Woodward Communications family. The facility had been purchased in March, in a deal that involved no broker or finder. But, should a deal have been struck? The entity that had been operating this station via an LMA says no, and it's fighting back.
Leonard Lance: Radio’s Pirate Punisher
Under Chairman Ajit Pai and fueled by the passion of Republican Commissioner Michael O'Rielly, pirate radio enforcement at the FCC has been much fiercer than under the previous regime of ex-Chairman Tom Wheeler. But, the agency is limited in its financial penalties and abilities to squash a pirate once and for all. A New Jersey House Member seeks to change that.
A ‘Difficult Quarter’ For Entravision, Softened By Digital
Entravision Communications reported its Q1 2018 financial results after Tuesday's Closing Bell, and Chairman/CEO Walter Ulloa remarked during his company's quarterly earnings call that the results were in line in expectations. That's largely thanks, once again, to its fast-growing digital division.
TV-Free Saga Sees A Strong Q1
As Saga Communications President/CEO Ed Christian and SVP/CFO Sam Bush began their company's Q1 2018 earnings call on Tuesday morning, Bush advised shareholders and Wall Street analysts to look carefully at comparable performance, as Saga's former TV stations are now discontinued operations. That said, net operating revenue and income from continuing operations were up, even though two key ad categories were down.
Hearing Designation Order Set For FM’s License Fate
It's not often that the FCC sets a Hearing Designation Order to conclude whether or not a licensee should be granted a renewal for one of its stations. Yet, that's exactly what will take place for a Phoenix-based broadcast company that is supposed to be actively operating an FM licensed for broadcast in Gillette, Wyo. The station has been silent three times as long as it has been in operation, and that silence has gotten the Commission's attention.
Emmis Picks Thursday For Q4, FY ’18 Earnings Release
Wondering when Emmis Communications would be sharing its fiscal Q4 and full-year 2018 financial results? There's no further need for any head scratching. The company that owns TagStation LLC and the NextRadio and Dial Report tools, in addition to its AMs in FMs, will reveal all on Thursday.
Beasley Shares Slip On Net Loss Swing
It's no secret that there has been a lot of nail biting in anticipation of what will likely be a less-than-stellar round of quarterly earnings releases to start the 2018 calendar year. If Beasley Broadcast Group's Q1 results portend much of the industry's revenue tales, buckle up: We'll be experiencing some turbulence.
Vox Locks In A Fifth In Vermont’s Top Market
For a decade, Bruce Danzinger has acquired, developed, and managed radio stations in a host of medium-sized markets across the eastern U.S. On April 24, Danzinger struck a deal to land the latest radio station for his Vox Media Companies. The paperwork was filed with the FCC on Friday.
Puerto Rico Broadcasters Mourn Loss Of Billy Fourquet
For veterans of Hispanic broadcast media with ties to Puerto Rico, the name Billy Fourquet is synonymous with radio stations today owned by Spanish Broadcasting System. Fourquet is considered a bastion of radio in Puerto Rico, as a host and programmer. On Thursday afternoon, he lost his battle with an aggressive liver cancer. He was 57.
Translator Transfer OK To Benefit A Big Religious Noncomm
The U.S. Bankruptcy Judge who presides over Utah has signed an order approving the sale of a dormant translator that had been tied to a CBS Sports Radio affiliate. Now, the translator will be used to bring a big Christian Contemporary Music noncomm to one of Wyoming's biggest cities.
Analyst Bump Propels Pandora Despite Mixed Q1 Finish
Is Pandora a good stock to own, even with a slightly wider net loss and a dip in total listener hours seen in Q1 2018 by the streaming audio innovator? One Wall Street analysts says yes. Investors immediately reacted, sending the company's shares rocketing ahead on Friday.













