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.
It was predicted by some, but wholly unexpected by many still digesting the results. Donald J. Trump will be the 45th and the 47th President of the U.S. come January 20, 2025. What this could mean for broadcasters is monumental, as the Rosenworcel Commission will be coming to an end, along with Democratic control of the upper body of Congress.
The Founder/Managing Partner and CEO of Nueva Network and Costa Media will be sharing his insight at a Forecast 2025 panel on November 13. To get a preview of what is in store for conference attendees, RBR+TVBR Editor-in-Chief Adam R Jacobson welcomes Villafañe to the InFOCUS Podcast, presented by dot.fm.
From the Hawaiian Islands to New England, dozens of stations within the iHeartMedia family have parted ways with employees on multiple levels of the audio content creation and distribution company's core radio broadcasting unit. Among the casualties is the Market President for Raleigh-Durham, and the Boston Region President.
On or about October 13, an individual with equity interest in a collection of New Hampshire radio stations passed away. This led a family member of the now-deceased sole owner of the stations to petition the state Probate Court to make him a special administrator of his estate. Now, the FCC is being asked to approve the plan.
"What percentage of the costs are coming out from just the news part, in particular?" That was just one of several questions analyst Craig Huber had for the Scripps leadership team during its Q3 earnings call on Monday, as Lisa Knutson completed her final earnings call as Chief Operating Officer.
Challenges abound for publicly traded radio broadcasting companies. And, they're continuing for Beasley Media Group. Despite strong political advertising revenue for some media companies, the owner of properties in markets ranging from Detroit, Boston and Philadelphia to Charlotte, Tampa, and Augusta, Ga., registered another Q3 net loss.
Pro media production software house Avid is now officially the owner of a maker of cloud-based multiplatform news planning, production and publishing tools, bringing it further into the broadcast media industry.
With activity ramping up and 5G-MAG actively engaging in industry conversations, a vote on forming a dedicated 5G Broadcast 5G-MAG workgroup is set for December, the 5G Broadcast Collective has shared.
Reporting to National Sales Manager Kenneth Cyr, the new executive will apply "his varied skillset and industry knowledge to a clearly defined sales role that will prioritize bringing the Hitachi professional camera brand to a bigger audience," the company says.
