Cumulus Media , the radio industry’s second-biggest player by number of stations, on Thursday afternoon released lackluster Q4 and full-year 2016 results. Investors reacted on Friday by sending shares of CMLS down 16.6%, to 48 cents, on higher-than-average volume of roughly 249,750; average volume for Cumulus is 157,133. Other radio companies experienced a down day on Wall Street, with Beasley Broadcast Group dipping 3.7%, to $10.30, and Entercom finishing the day off 1.7%, to $14.25.
Archive for March 17th, 2017
In the midst of an unnerving political, social, and economic game with twists, turns, and apparently no rules, Hispanic radio is poised to be a game-changer, thanks to the major influence it holds with an audience that is young, connected, and growing at a faster rate than any population in this country. Now more than ever, the broadcast industry, in particular Hispanic radio, has the opportunity to demonstrate the power of the Hispanic listener consumer, to make sure their numbers are properly counted and to demand they be recognized when the deals are being made. At the Hispanic Radio Conference, you will get the tools you need to better represent this vital group and leverage its strength into ratings and revenue.
A leader in real-time TV measurement for marketers and advertisers has set a new CEO. Kevin Kohn took on his new duties as the head of iQ Media this week. A veteran in the media and TV analytics space, Kohn previously served as the Chief Revenue Officer of data management company Lotame. Kohn joins iQ Media as the industry enters a new era of TV measurement, which now includes demand for real-time analytics around earned audience values, tune in/tune out events, sponsorship investments, local ad spend and logo detection, and competitor intelligence.
ALL ACCESS congratulates CBS RADIO Country KMNB (BUZ’N 102.9)/MINNEAPOLIS night jock MICHAEL “MIKE DUBS” WILCZYNSKI, who popped the question to girlfriend LAUREN ERICKSON … more
BONNEVILLE Country KYGO (98.5 KYGO)/DENVER has added GUY DAVID to co-host mornings with TRACY DIXON. He joins KYGO from MOUNTAIN DOG MEDIA AC WFON-A (K107.1)/FOND DU LAC, WI and will begin at … more
BIG LOUD RECORDS has signed singer-songwriter JILLIAN JACQUELINE to its artist roster. Making her industry debut last NIGHT (3/16) at BELCOURT THEATRE in NASHVILLE, JACQUELINE will begin … more
TVfreedom.org , a coalition of local broadcasters, community advocates, network TV affiliate associations and other independent organizations advocating for preserving the retransmission consent regime, posted the following column Friday (3/17). With Optimum customers in Litchfield and New Haven Counties in Connecticut once again receiving Meredith Corp. CBS affiliate WFSB-3 in Hartford, we are pleased to share TVFreedom’s column in full with RBR + TVBR readers interested in learning more about how the broadcast television industry views retrans fee deals. By TVFreedom How does a combined pay TV behemoth – the largest on Planet Earth – migrate customers from a service it wants to shut down to another with higher profit margins? Are customers offered a steep discount to make the switch
Entercom Communications shareholders may need to closely monitor the day-to-day stock price of this pure-play radio company that’s merging with CBS Radio, based on moves seen last week in the options market. That’s the advice given by Zacks Equity Research ahead of the March 17 expiration of a $20 strike price that saw some of the highest implied volatility of all equity options. Entercom head David Field What is implied volatility? Simply stated, it shows the level of movement the market is expecting in the coming months
Unlicensed activity on the FM radio dial is a big problem in New Jersey, and New Jersey Broadcasters Association President Paul Rotella has made it known to FCC Chairman Ajit Pai. Rotella recently met with FCC Commissioners and staff to discuss the serious “Pirate Radio” problems experienced in the Garden State. Along with NJBA Member Bob Taylor, Rotella made the case for enhanced enforcement of what he says is a growing problem.
The founder and President/CEO of Nexstar Media Group will be honored in late May with the Media Financial Management Association (MFM) ‘s Avatar Award. The MFM’s highest honor, the award will be presented to Perry Sook in recognition of his outstanding contributions to the communications industry and exemplary role in community service. The award ceremony will take place following his delivery of a Keynote Address that will open Media Finance Focus 2017, the 57th annual conference for MFM and its BCCA subsidiary, the media industry’s credit association. The event is set for May 22-24 at The Hyatt Grand Cypress in Orlando. Sook’s address is based on the theme “Magic of Media,” and is set for 8:30 a.m.
WESLEY MILLER has been named PD for iHEARTMEDIA AC WMXY (MIX 98.9) and sister Top 40 WAKZ/YOUNGSTOWN, OH. He will also host the morning show on WMXY. MILLER previously spent 12 years as … more