FCC

Take Three: The Latest Broadcast Station Ownership Report

Totaling 74 pages, the "Third Report on Ownership of Commercial Broadcast Stations" — based on FCC Form 323 Ownership Data as of Oct. 1, 2015 — has been released by the Commission's Media Bureau. FCC Form 323 is designed to obtain comprehensive data on racial and ethnic minority and female broadcast ownership—statistically valid broadcast ownership data that can be compiled and aggregated and used as a source for further analysis. What did the FCC find?
Emmis Communications

Net Revenues Dip, But A Lower Net Loss For Emmis

It was a good news/bad news fiscal Q4 for Emmis Communications, which wrapped up its 2017 business year on Feb. 28. Total net revenue declined. For its core radio division, Emmis’ fiscal Q4 net revenues fell 6.6%. But, the company's consolidated net loss was narrower in fiscal Q4. We've got the details, along with a look at its just-completed fiscal 2017.

Tom Birch Finally Topples Troublesome Translator

Arohi Media LLC on Tuesday night officially complied with the FCC and shut down FM translator W252DK, licensed to Durham, N.C. The translator greatly impacted Tom Birch's Lakes Media. In this exclusive interview, Birch offers advice on how others can avoid such a costly problem.

Could A Controversial PSA Lead To Bigger Owner Troubles?

Paul Lotsof has aired a PSA since 2015 in which he instructs individuals what to do with any child pornography they may possess. He disagrees with Arizona law regarding possession of such salacious material. Could that claim his license? Here's what one top D.C. communications lawyer says.

Saga’s Recommitment To Radio: An Apex Moment

Saga Communications on Wednesday bid farewell to TV station ownership. But, in doing so, it doubled-down on its core business: radio. In a deal that sees it using roughly one-third of the proceeds from its TV industry exit, Saga has agreed to acquire the seven FM stations, one AM and four translators owned by Apex Media Corp., which exits the business.

Townsquare CEO: ‘2017 Has Started Off Well’

Townsquare Media Chairman/CEO Steven Price is satisfied with his company's Q1 performance. Saying that the year has started off well for the owner of small- and medium-market radio stations, in addition to a growing live events division, Townsquare saw its net income dip and its net loss widen. Tough comps due to political dollars seen in Q1 are the key reason for the fall.

Emmis Sells ‘Power 106’ To Meruelo Group

Confirming rumors that a deal was imminent, Emmis Communications has agreed to sell its CHR/Rhythmic KPWR-FM 105.9 "Power 106" in Los Angeles to an affiliate of the Meruelo Group for $82.75 million.

Here’s What Moody’s Thinks About Salem’s Debt Deal

Salem Media Group on Monday (5/8) made two big revelations. First, its Q1 2017 net revenue was flat while net income saw a nice rise. Second, Salem says it intends to offer some $255 million aggregate principal amount of senior secured notes due 2024 in a private offering. Moody's Investors Service chimed in, and has assigned a rating to the notes.

Salem Seeks More Cash As Q1 Revs Come In Flat

Salem Media Group intends to offer some $255 million aggregate principal amount of senior secured notes due 2024 in a private offering that's exempt from the registration requirements of the Securities Act of 1933. The news comes as the conservative and Christian-themed media company saw its Q1 net income soar on flat revenue.

This Credit Card Company Discovers Radio

In last week’s Media Monitors Radio Spot Ten report, Discover Card -- along with AutoZone -- proved to be big spenders at the AM and FM stations tracked. Who was the top advertiser at broadcast radio? Find out now!

Entercom: The Home Of The Radio Industry’s New Leader?

Entercom head David Field delivered a key message to the media world in his Q1 conference call with financial analysts: It's merger with CBS Radio creates a big No. 2 for the radio business, and gives Entercom the power to become a much-needed industry advocate with new clients and light advertisers. Read what he has to say, and enjoy our RBR+TVBR Observation on why David Field just may be the leader a stagnant industry needs.
Abitron / PPM 360

CBS Radio, Ahead Of Entercom Merger, Inks A New Nielsen Deal

On a day when Entercom's head revealed that his company's revenue, "on an apples-to-apples basis," was essentially flat, CBS Radio made good on its "business as usual" mantra ahead of its tax-free merger with Entercom by ensuring its 117 stations across 26 markets continue to receive measurement services from the ratings giant.
David Field

Entercom Q1: Revenue Surge Seen, But EPS Narrowly Falls Short

Entercom enjoyed a strong Q1, beating the Street on its revenue. However, its net income missed the estimates of Wall Street analysts—by a penny. Here's the breakdown on how the company that's entering a tax-free merger with CBS Radio fared during the first three months of 2017.
CBS Radio

CBS Radio: A Down Q1 For A ‘Discontinued Operation’

With Entercom Communications set to release its Q1 2017 earnings results on Monday morning, CBS Corp. on Thursday afternoon shared details of its revenues at CBS Radio, which is on track for Entercom's full takeover in the second half of 2017. In an SEC filing, CBS revealed that its already "discontinued operation" had a lackluster Q1.
Ed Christian

Saga Sees A Flat Q1, Minus Political Dollars

Wall Street investors know a good buy when they see it. This could explain why Saga Communications continued its stellar performance on Wall Street in Thursday's trading — despite a first quarter of 2017 that saw its net operating revenue slip and its net income slide. This was due to a loss of political dollars. Without them, Saga's faring better than some other media companies.