Adell Says No To Joint Appeal Of FCC’s WADL Sale Conditions
The owner of a UHF station serving Detroit has notified the day-to-day head of the TV broadcasting company that seeks to purchase the property that it will not participate in any regulatory appeal of a FCC decision allowing it to proceed with six big conditions. Could that doom the deal?
Fubo Shares Slide As Net Loss Lowers For vMVPD
Sports-first virtual MVPD Fubo successfully trimmed its massive debt in Q1 2024. However, even with a revenue beat, investors in the 10am Eastern hour began to sell off shares in droves after an early bump in value. Could bigger concerns be at play for those with Fubo stock?
Net Loss Dip, But Earnings Slip For Cumulus in Q1
For Cumulus Media, the first three months of 2024 brought some relief: Its net loss declined. But the company's adjusted EBITDA also fell, as its revenue also slipped, coming in just shy of a consensus estimate based on the input of two analysts who track the company led by Mary Berner.
Longtime Katz Television Head Leo MacCourtney To Retire
He was named President of the Katz Media Group entity in 2012 and has served in various high-profile television industry roles across 50 years. His last day is scheduled for June 30, at which time the individual serving as Chief Operating Officer for the past 12 years will succeed MacCourtney.
Linear TV’s Ad Dollar Vacuum? It’s Zuckerberg’s Baby
With Meta presenting Thursday afternoon at the NewFronts, the Mark Zuckerberg-founded parent of Facebook, Instagram and Whatsapp is poised to attract marketers galore. A just-released WARC report indicates Meta is now the biggest dollar-for-dollar competitor with TV.
Consumer Media Usage Flatlines In 2023
Digital and traditional media channel consumption across the world’s 20 largest markets and the rest of the countries in the four major global regions grew by just 0.3% in 2023 to an average of 56.2 hours per week, according to PQ Media. This marks a sharp deceleration for growth.
Cumulus Shareholders Reject Executive Compensation
It doesn't happen very often, but the shareholders of Cumulus Media have said no to an executive compensation plan at an annual general meeting convened by the company. However, it is an advisory vote, and RBR+TVBR has confirmed Cumulus is moving ahead with its suggested salaries.
After Many Tries, Cumulus Capital Structure Refinanced
One big task for Cumulus Media in the first half of 2024 was to push its 2026 debt maturity wall out by three years. This required debtholder approval of a plan to swap new debt for old debt, at a 60-cent per dollar discount. After several attempts, "Plan B" was put forth. That proved to be the charm.
Expenses, Impairment Charge Hurt Entravision In Q1
On March 4, Entravision Communications received word from Meta that it intends to wind down its authorized sales partner (ASP) program globally and end its relationship with all of its ASPs by July 1. With a significant revenue loss pending, how did the company fare in Q1?
Who Will Be Hispanic Radio’s Next Big Award Winners?
Streamline Publishing's Radio Ink and the Radio + Television Business Report have unveiled the 2024 nominees for Medallas de Cortez awards, which recognize excellence in Hispanic radio programming, sales and management. The winners will be announced in June, in San Antonio.
Badger Sharing Comes For iHeartMedia, Good Karma Brands
The University of Wisconsin Athletics Department has confirmed an extended partnership with iHeartMedia Wisconsin and has brought on Good Karma Brands as a new radio broadcast partner through agreements facilitated by Badger Sports Properties.
Key House GOP Members To Query NPR Head On Bias
On April 30, Sen. Ted Cruz sent a letter to the Corporation for Public Broadcasting’s President/CEO querying about “taxpayer-funded” NPR’s reporting. Cruz believes NPR is heavily biased to liberal viewpoints. So do key House E&C Committee Republicans, who wrote to NPR's CEO seeking answers.
Beasley Media Group Finalizing Its Q1 2024 Report
The broadcast radio station ownership group led by Caroline Beasley and CFO Marie Tedesco has announced when it will reveal its first quarter 2024 financial report. And, it will arrive on a busy day for analysts, with TEGNA and Sinclair Inc. also releasing their Q1 results.
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Meadows Seeks FCC Clearance For Paul Deal
The FCC has received paperwork for a proposed transaction that would transfer control of 400-watt Class A FM serving Astoria, Ore., from a city in the state of Washington from the company run by Robert Meadows.
DQ Delivers With Spot Cable Surge
There's a new effort taking shape for Dairy Queen, and the venerable quick-service restauranteur and ice cream chain is using spot cable to get its marketing...
Hispanic Consumer Cord-Cutting Surges, Fueling Streaming Platform Use
MVPD subscriptions fell at a substantial level among U.S. Hispanic households in just one year's time, a new study from M/A/R/C-owned Horowitz Research finds. The big result from that cord-cutting? Demand is increasing exponentially for Spanish-language content on OTT platforms.
Ad Revenue Gain Can’t Help Big Revenue Dip For Bell Media
Ad revenue for the BCE Inc. unit was up 1.6%, thanks largely to "strong growth in digital advertising and improved out-of-home and radio performance," in addition to Super Bowl LVIII ads tied to the game's coverage in Canada on CTV. Yet, overall media operating revenue sharply declined.
Audience-Based Ad Opportunities Core To Wider NBCU, Instacart Pact
The owner of the NBC and Telemundo TV networks is collaborating with Instacart on a new retail media partnership designed to provide additional opportunities for consumer packaged goods-focused advertisers. The goal? Better strategic audiences across NBCUniversal's streaming platforms.
Beware The Pitfalls of Trite Phrases
So why do we feel the need to announce the absence of further ado? This trope is one of seven tired phrases that can affect the overall impact of your messages, public speaking expert Rosemary Ravinal writes in this column.
Nielsen: Asian Americans Overindex On AVOD
While streaming is undoubtedly the leading platform to connect with Asian American, Native Hawaiian and Pacific Islander audiences, the use of devices widely varies. Viewership of TV-connected devices outpaces traditional live TV by more than an hour and a half a week.
NAB Brings In A New Public Policy VP
The NAB is welcoming a new VP of Public Policy, who reports to EVP of Government Relations Shawn Donilon.
She was formerly VP/Legal at the Digital Media Association.
‘The Saint’ Anoints BE To Bring In New Automation System
For years, Siena College's noncommercial FM in Loudonville, N.Y., has served as a unique alternative to the commercially licensed music stations serving New York's Capital District. When it came time for the school's WVCR-FM to replace its automation system, Broadcast Electronics delivered.
Televisa Taps Synamedia to Overhaul Mexican Broadcast Distribution
TelevisaUnivision is now using Synamedia’s Media Edge Gateway (MEG) and PowerVu solutions to overhaul its broadcast distribution throughout its network of Televisa stations, spanning 180 stations across Mexico.
Samsung Brings the Big Screen to the Editing Room
Samsung Electronics has opened the doors to a Los Angeles-based theatrical post-production studio that serves as an addition to Amazon’s portfolio of production and entertainment businesses, further enhancing the area’s reputation as a hub for creativity and innovation.
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