Radio+Television Business Report

Paramount Global's third quarter earnings report has been released, and while the results topped analysts' estimates, there's a unsettling picture coming to light with respect to the financial performance of its linear television properties.

In July 2021, an FM translator serving greater St. Louis licensed to Educational Media Foundation began simulcasting the secular News/Talk programming found on the HD3 digital multicast channel associated with KLJY-FM 99.1 in Clayton, Mo. Now, that LMA is being converted into an outright purchase of the baby FM.

In a bit of a first, Gray Media has signed on a single sponsor for a newscast on its FOX affiliate serving Southern Nevada. “We are beyond excited about this partnership and what it will do for our FOX5 viewers,” said Michael J. Korr, VP/General Manager of KVVU-TV in Las Vegas.

For CEO Chris Forgy and his team at Saga Communications, its Q3 call placed a spotlight on the pros and cons of being late to the game on digital revenue generation. Forgy also shared how expenses being incurred today are fueling long-term dollar generation opportunities.

"The continued power of our broadcast television business model" is why Nexstar Media Group and its founder and head, Perry Sook, is celebrating its highest-ever Q3 revenue — fueled not only by political advertising revenue, but also big retransmission consent dollars.

Political advertising smashed third quarter records, helping the company formerly known as Gannett enjoy a 53% net income gain from Q3 2023 as net revenue improved by 13%. But, what does Q4 portend for TEGNA?

The nation's largest audio content creator and distributor saw its net revenue jump over the $1 billion mark. But, expenses were up, and this contributed to a much wider net loss in Q3. At the same time, lenders have signed off on a debt maturities extension, giving iHeartMedia three additional years to deal with its high leverage.

How did Townsquare Media perform on a year-over-year basis? The company surpassed the Street's earnings per share estimate but was narrowly short on revenue. On a sequential basis, all three revenue generation units saw growth, and that was a highlight CEO Bill Wilson shared ahead of an earnings call scheduled opposite Nexstar Media Group.

For Michael Christenson, Chief Executive Officer at Entravision, Q3 was one of structural change for the company. A realignment of its business saw the creation of two segments: Media and Advertising Technology & Services. The media segment consists of sales of ads through various media, including TV, radio and digital. How did that segment perform in Q3?

As the company sees it, "solid third quarter results" were seen. As Wall Street sees it, revenue expectations were indeed met. It's just the Q4 forecast from Sinclair Inc. that "underwhelmed" analysts.

It turns out that Urban One made a mistake, and didn't mean to have its earnings come out on November 7 after all. Instead, the media company super-serving African American consumers will release its Q3 fiscal report card on Tuesday.

Here's the good news for investors in Xperi Corp., the parent of HD Radio, as well as the acclaimed DTS AutoStage product and TiVo products for television: Q3 revenue increased to $132.9 million, from $130.4 million. That did much to narrow the company's quarterly net loss. And, on a non-GAAP basis, big improvements were seen.

A 2016 communiqué to the incoming Trump Administration from the MMTC suggested the creation of a “Glide Path” for AM radio station owners that preserves minority ownership following AM's end. Is the MMTC crafting a similar letter outlining "imperative actions" the White House must consider come 2025?

“Although in a company of 10,000 people very few jobs have been affected, there have been some," iHeartMedia spokesperson Wendy Goldberg told the New York Post in response to reports that the nation's biggest owner of radio station was engaging in a major reduction-in-force initiative. Now, investors have seemingly reacted to the newspaper report.

The television industry is pausing to pay its respects to Glover, who has unexpectedly passed away. Most recently associated with KCAL-9 and KCBS-2 in Los Angeles, Glover's death was announced Wednesday morning by CBS Los Angeles. 

In June 2017, media broker Richard A. Foreman shared the news that all of Radio Vermont Group’s radio stations were up for sale. This would end the Squier family’s time as a radio station owner, which began in 1935. In January, employees of the radio stations were told that a buyer has emerged. Now, an asset purchase agreement finalized in October has finally arrived at the FCC.

Come late January, a new FCC will take shape as the U.S. Senate and White House shifts to Republican control. What will be the top issues for Radio and Television under a potential Carr Commission and on Capitol Hill? Fletcher Heald & Hildreth attorney Seth Williams has his thoughts ahead of a Forecast 2025 panel he'll be moderating on Wednesday.

The Broadcasters Foundation of America has launched its annual Year-End Giving Campaign, which seeks to raise donations from tax-deductible personal contributions to the Guardian Fund and corporate contributions to the Angel Initiative.

Should the "AM Radio In Every Vehicle Act" fail to gain Congressional approval in the remaining weeks of what is now a "Lame Duck" session, a reintroduced bill could carry itself through to passage in 2025. Ted Cruz, the current Ranking Member of the influential Senate Commerce, Science and Transportation Committee, will be the Act's chief crusader in a more powerful role.

The individual who maintained oversight of broadcast media properties across all of Lilly Broadcasting's markets has retired, with November 4 serving as his final day at the Erie, Pa.-based privately held licensee.