Gray Swings To Q1 Income Gains That Sail Past Analyst Estimates
Gray Television on Tuesday not only revealed its Q1 2024 financial results, but the broadcast television station group headed by Hilton Howell Jr. and Pat LaPlatney also offered guidance for Q2. How did Gray fare, and are the second quarter numbers shaping up to beat last year's results?
Disney Shares Slide On Softer TV, Film Performance
For those looking for answers as to why The Walt Disney Co. stock price fell by 9.5% in trading on Tuesday, one can look to Disney+ as a culprit. In fact, some investors may be wondering if the movie studio and ABC Television Network need a bit more dollar-attracting pixie dust.
Additional NEXTGEN TV Stations Come To San Antonio
Some 23 months after NEXTGEN TV signals for the FOX affiliate, The CW Network affiliate, the NBC affiliate and an independent UHF facility launched in San Antonio, five additional stations have debuted their ATSC 3.0-powered digital broadcast signals for Alamo City viewers.
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.
DoubleVerify: Tons Of Audio Devices Spoofed in March
The media effectiveness platform says it has found that fraudsters pretended to be some 500,000 devices, including phones and tablets, that used for music streaming. The reason? To fake engagement with audio ads.
Donna Henderson Sells Arizona Radio Pair
Donna Henderson has operated the lone AM emanating from the U.S. side of the Mexico border at Douglas, Ariz., as a regional Mexican station. Its FM sister features a Country format. Pending FCC approval, Henderson, whose late husband signed on the FM in March 1990, will soon be its former owner.
Xperi Corp. Earnings Come Wednesday. What’s To Expect?
Following Wednesday's Closing Bell on the NYSE in lower Manhattan, DTS AutoStage, HD Radio and TiVo parent Xperi Corp., fresh off another strong NAB Show in Las Vegas, releases its Q1 2024 earnings report. What can investors anticipate from the broadcast technology company?
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.
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The ‘Ride’ Continues In Grand Rapids
Since July 2020, it has served Grand Rapids with an Adult R&B format via an expanded-band AM and its accompanying FM translator. Now, this operation branded as "102.5 The Ride" is poised to change hands, pending FCC approval.
Ahead of Q1 Earnings, TEGNA Selects KGW’s New Head
At the end of 2018, DJ Wilson retired as President/GM of TEGNA's NBC affiliate serving Portland, Ore., ending a 12-year run. He was succeeded by Steve Carter, who transferred from KUSA-9 in Denver to take the role. As of June 3, Carter will be retiring, too.
DirecTV Streaming Customers Get The CW In Four Markets
If you're a DirecTV streaming customer in four cities where The CW Network affiliate is owned by Gray Television, you can now view these channels thanks to a new carriage agreement.
The InFOCUS Podcast: Gray Q1 2024 Earnings
In this InFOCUS Podcast, presented by dot.FM, we hear from Gray Television leaders Hilton Howell Jr., Pat LaPlatney and Sandy Breland as well as outgoing CFO Jim Ryan and his successor as we review not only a stellar Q1, but strong guidance, while Howell chided Wall Street for its lack of attention.
To Reach U.S. Hispanics, TV Alone Won’t Cut It
For marketers, a multimedia approach that includes digital and linear media is the winning recipe to a successful advertising campaign when seeking U.S. Hispanic consumers. Fresh takeaways from Cumulus' Pierre Bouvard and Nielsen VP Insights only strengthen this point.
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.
D.C. Affairs Leader Earns EVP Stripes At Hearst Television
An individual who has played a key role in expanding the company’s distribution relationships and advocacy efforts, previously the SVP of Distribution and Government Affairs, has been given Executive VP stripes at Hearst Television.
‘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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