Industry News

Gray Media shares, which trade on the NYSE, torpedoed ahead by more than 20% in value in midday trading as investors celebrated total Q1 2025 revenue finishing above the high end of its guidance. Debt reduction and a decline in broadcast operating expenses were also highlights singled out by the broadcast TV group.

Global consumer spending on overall media content and technology grew at a 4.4% rate in 2024 to $2.371 trillion. This, says PQ Media, marks the third consecutive year of decelerating growth after a 4.5% increase in 2023, and that followed the strongest growth in consumer media spend in a decade the prior year.

Net operating revenue was down slightly, as Saga Communications once again logged a net loss in the first three months of the year. In fact, the results offer a near mirror image of what the company led by CEO Chris Forgy, with significant equity interest held by Towerview LLC, logged in Q1 2024.

An entertainment industry attorney with unscripted programming and film experience across international platforms, has joined Hearst Media Production Group (HMPG) as Vice President of Business Affairs.

She served as the "NCSA/PEP Coordinator" for the Wisconsin Broadcasters Association and had been with the organization led by Michelle Vetterkind for two decades. Now, radio and TV professionals across the state are remembering the life of Liz Boyd, who has died at the age of 71.

A new WARC report led its research and analytics head to state, "While AI tools, in particular, bring new speed and scale to measurement, advertisers still lack a complete framework for understanding advertising return on investment."

Capus said staff and programming will be cut further

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It's a story you've heard before, but it bears repeating: Townsquare Media, the "local first" company with subscription digital marketing solutions and a vibrant digital advertising division has released first quarter 2025 earnings results that show Digital comprising 57% of quarterly revenue. 

“Nexstar delivered solid first quarter Net Revenue, Adjusted EBITDA, and Adjusted Free Cash Flow, driven by record first quarter distribution revenue and disciplined expense management." That's the official assessment from Nexstar Media Group leader Perry Sook, who calls deregulation his top priority.

Group is helping a new batch of LPFM stations onboard

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