Townsquare Media Finds New Life For Silent FMs
“Due to economic conditions in the market," Townsquare Media at the start of 2024 took a trio of Delaware County, N.Y., FM radio stations silent under special temporary authority.
Now, Townsquare Media has found a buyer for the stations that doesn't need to worry about advertising revenue.
KLOVE, Air1 Parent EMF To Select a New CEO
Todd Woods, who in March 2023 was selected to succeed Bill Reeves as the chief executive of one of the biggest radio station owners in the U.S., has tendered his resignation. Educational Media Foundation on Thursday revealed who is succeeding him on an interim basis, marking EMF's third CEO since Mike Novak's 2018 retirement.
Disney ‘Dramatically’ Trimming Traditional TV Investment
He had tongues wagging across Manhattan on Tuesday for his unexpected appearance at The Walt Disney Company's 2024 Upfront presentation. Then, Bob Iger, Disney's CEO, continued to gain attention for comments made Wednesday at MoffettNathanson's Media & Communications Summit.
Is Gen Z Most Influenced By TV/OTT?
A just-released report from the Video Advertising Bureau paints a portrait worthy of sharing with the sales team and potential clients. The key takeaway from VAB: TV and streaming is what young consumers "vibe" with more than social media.
Scripps Selects Las Vegas Leader For Local News VP Role
The E.W. Scripps Co. has turned to the individual leading its Las Vegas stations since 2022 to serve in the new role of VP/Local News. He reports to President of News Kate O'Brian.
Disney: April’s Top Performer for Total Video Consumption
A new cross-platform view of total TV consumption across broadcast, cable and streaming — aggregated and ranked by media company — is now being provided by Nielsen just in time for the 2024 Upfronts, which more than ever include the digital story first and foremost.
Lazarus, Langley Pitch Unique Universal Content Delivery
Mark Lazarus and Donna Langley put their respective imprints on a NBCU Upfront presentation that sent a clear message to marketers: Only NBCUniversal offers a one-stop shop with touchpoints across digital and linear properties consumed by Americans from wake-up to the end of their day.
What Were The Top LPTV Sales Of 2023?
How active is the low-power broadcast TV transactions marketplace? In 2023, there were plenty of deals. Now, a fresh analysis conducted by Volker Moerbitz has painted a clear portrait of just how many LPTV deals were valued at more than $1 million last year. The top two deals involve Paul Koplin.
For iHeartMedia, A Q1 Loss Narrows As Stock Value Plummets
Did the company led by CEO Bob Pittman and COO/CFO Rich Bressler meet the street in Q1? No, but the company was quick to note its 1.5% revenue dip was in line with its own guidance range. Shareholders were unimpressed, with "IHRT" losing more than 30% of its value in Thursday's trading.
Nexstar Enjoys A Strong Start To 2024
"An excellent start to 2024." That's the summation from Perry Sook, founder and Chairman/CEO of Nexstar Media Group. Indeed, Nexstar's Q1 2024 net revenue were in line with analysts' expectations, thanks to "record" dollars during the three-month period.
Retrans Revenue Propels Sinclair In Q1
Core advertising revenue fell short of its guidance in Q1 2024. However, Sinclair's "distribution revenue," a.k.a. retransmission consent dollars, came in ahead of its own estimates. Did Sinclair's Q1 2024 revenue meet Street expectations? No.
‘Ongoing Softness’ For Audio Advertising Impacts Beasley
The owner of broadcast radio stations in markets ranging from Las Vegas and Detroit to Philadelphia, Boston and Augusta, Ga.; experienced a nearly 6% dip in its net revenue during the first quarter of 2024 — a decline that led to a 7% reduction-in-force initiative that became known on Tuesday.
Caitlin Clark ‘Fever’ Expands To 11 Markets
Seventeen Indiana Fever WNBA games will air not only on WTHR-13, but on co-owned TEGNA stations in Des Moines, Louisville, and in the Quad Cities of Illinois and Iowa. Additionally, agreements have been finalized with five other TV station ownership groups.
BMI Sale Proceeds Make The Difference For TEGNA
TEGNA's revenue for Q1 fell $5 million short of the consensus estimate offered by six analysts polled by Yahoo! Finance. However, net income was up — thanks to a one-time non-operational dollar gain. The bigger concern: lost revenue from a "temporary" retrans impasse.
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?