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.
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?
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.
Xperi Corp. Trims Its Net Loss, Reaffirms 2024 Outlook
The company behind the DTS AutoStage, HD Radio and TiVo is sticking with its previously announced guidance for 2024 as it released a Q1 2024 earnings report indicative of how it seeks to reduce its losses and soon turn a profit.
Media Companies Pitched To Invest In Tech Startups
"We partner with U.S. media companies to accelerate the growth of startups using the power of media capital." That's how a new independent media capital fund launching stateside describes itself, and how it is the first fund to invest media capital — namely digital and TV advertising — in tech startups.
NBCUniversal OKs An Olympics Pact With iHeartMedia
NBCUniversal has chosen an exclusive audio partner for the upcoming Summer Olympic Games from Paris. This will see iHeartMedia provide 24/7 play-by-play audio channels of select NBCU linear coverage of the Games; and create an original Olympic-themed podcast.
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.
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Maui CP Sold To CSN Radio
An unbuilt Construction Permit for a noncommercial radio station with 1,600 watts of power from a peak on the Hawaiian Island of Lanai, due west of Maui, has been sold. The buyer is CSN Radio's parent.
Even With WTXF License Fight, Fox ‘Steady and Ready’
Despite poor comps on ad revenue due to the absence of a Super Bowl telecast in 2024, FOX Corporation's fiscal Q3 financial report is largely rosy. The results led a MoffettNathanson analyst to offer a glowing report signaling its support of the company's current leadership and profit-generation plan.
Revenue ‘Slightly Below’ Expectations for Comscore In Q1
When it comes to CEO Jon Carpenter's Q1 2024 earnings assessment, he's well aware of the results, which saw revenue finish "slightly below our expectations." That said, Carpenter says Comscore is making "encouraging progress against a number of key initiatives" deemed critical to its "transformation."
Pluto TV Gets Fifteen NBCU Local Streaming Channels
A collection of NBC and Telemundo local and regional streaming news channels are heading to one of the most commonly known free ad-supported TV (FAST) channel platforms in the U.S., with five of the 15 channels already launched as of today.
Latest Radio Mercury Awards Finalists Announced
The 2024 finalists range from regional to large advertising agencies and radio stations as well as national and local advertisers from business categories including automotive, consumer packaged goods, entertainment, healthcare, nonprofits, quick-serve restaurants, retail, telecommunications, travel and hospitality.
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.
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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