Archive for May 9th, 2017

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    A Magical Fiscal Q2 For Disney As Net Income, Revs Rise

    Steamboat Willie  is sailing full-steam ahead, as Mickey, Belle boosted both ABC and beleaguered sports network ESPN in bringing  The Walt Disney Co.  fiscal Q2 results that were far from beastly. The entertainment and media company reported following Tuesday’s Closing Bell on Wall Street largely positive results, as net revenue improved 3%, to $13.34 billion, narrowly missing the Street.

    Larry Wilmore To Host Podcast For Bill Simmons’ The Ringer Podcast Network

    Comic actor/producer and former COMEDY CENTRAL “THE DAILY SHOW” correspondent and “THE NIGHTLY SHOW” host LARRY WILMORE is starting a podcast for BILL SIMMONS’ THE … more

    KRBE/Houston Extends Nights Host Tyler Frye

    CUMULUS MEDIA Top 40 KRBE/HOUSTON night-timer TYLER FRYE has signed a multi-year extension. He has been a part of KRBE’s on-air lineup since APRIL 2015. “TYLER made an immediate … more

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    No ‘Problem’: Willie Nelson’s New Album Bows at No. 1

    Country legend Willie Nelson’s God’s Problem Child bounds in atop Billboard’s Top Country Albums chart (dated May 20), earning 36,…

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    Frank Ocean Serves as Honorary ‘Vogue’ Photographer at Met Gala: Check Out His Pics

    What can’t he do? Frank Ocean can now add Vogue photographer to his list of talents. On Tuesday (May 9), Vogue shared an exclusive photo gallery…

    Holly Hutton Adds MD Role At WYCD/Detroit

    CBS RADIO Country WYCD/DETROIT afternoon co-host HOLLY HUTTON has added MD responsibilities effective immediately. A 20-year MOTOR CITY radio vet, HUTTON joined the CBS RADIO cluster in 2012 … more

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    Q1 State Of NYC Radio Rev Revealed

    The New York Market Radio Association (NYMRAD) has released its Q1 2017 State of the New York Market Report. The analysis of the marketplace is designed to help advertisers understand radio’s impact on consumers and its prominent role in the local advertising landscape. The extensive report assesses the New York area economy, including business drivers, and provides up-to-date consumer research on music consumption, and radio usage. In addition to the New York market, this quarter’s report places additional emphasis on the pharmaceutical industry and professional services.

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    A Potpourri Of Activity On Wall Street For Media Stocks

    Tuesday’s trading was full of ups and downs for media companies, as the Dow Jones Industrial Average declined by 36.50 points, to 20,975.78. The Nasdaq Composite index improved by 17.93, finishing at 6,120.59. Among the day’s key movers was  Emmis Communications,  as investors cheered the company’s announcement that it was exiting Los Angeles by agreeing to sell KPWR-FM “Power 106” to Meruelo Media. Emmis shares surged 26.4%, to $3.26. Meanwhile,  Beasley  shares slumped by 5% to $8.60, and  Townsquare Media  shares tumbled by 9.25%, to $10.60, after missing Street estimates with its Q1 results.

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    Townsquare CEO: ‘2017 Has Started Off Well’

    Townsquare Media Chairman/CEO Steven Price  is satisfied with his company’s Q1 performance. Saying that the year has started off well for the owner of small- and medium-market radio stations, in addition to a growing live events division, Townsquare saw its net income dip and its net loss widen. Tough comps due to political dollars seen in Q1 are the key reason for the fall. First quarter net revenue of $88.4 million was seen.

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    CBS Affiliate Board OKs ‘Skinny Bundle’ Access

    In a major plus to consumers and companies offering so-called “over-the-top” TV service package, the  CBS Affiliate Board  today reached a wide-ranging agreement with  CBS Corp.  that will extend non-CBS O&Os beyond its  CBS All Access  platform. This means affiliates can now have their channels available on OTT platforms from Hulu, Google’s YouTube TV and “future new entrants,” with additional revenue possibilities for all. Specific terms of the new collaborative agreement were not disclosed. “Expanding distribution on these new platforms together with our affiliates has been a part of CBS’ long-term digital strategy, and I am very proud we have reached this agreement with our affiliate board,” said Ray Hopkins , President of CBS Corp.’s Television Networks Distribution arm. “No broadcaster has made preserving the network-affiliate model a core tenet of their strategy like CBS.

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    ATSC 3.0: A ‘Voluntary’ Path Full Of Hurdles?

    RBR + TVBR IN FOCUS The transition to the next-gen broadcast TV standard,  ATSC 3.0 , has broadcast TV companies such as  Sinclair Broadcast Group  and  Nexstar Media Group  excited about what lies ahead. But, while much of the discussion has focused on new advertising opportunities, there’s a tech angle that has been barely talked about. Simply put, ATSC 3.0 can make a broadcast TV station as powerful as a wireless services company—with respect to data. In this RBR+TVBR IN FOCUS  report, we examine how ATSC 3.0 can bring two new dynamics to broadcasters: Datacasting, and leasing out bandwidth

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    Net Income Tumbles, Revenue Flat For TEGNA In Q1

    For the company formerly known as Gannett before spinning off its newspaper division in 2015, the first three months of 2017 paint a familiar picture to those following the earnings reports of the nation’s biggest publicly traded broadcast TV companies. TEGNA  saw flat revenue in Q1, while its net income sagged. The company’s overall revenue slipped 0.4%, to $778.4 million, largely due to its digital division—not its media division, which is comprised of its broadcast TV stations. Digital revenue slumped by 1.7%, to $332.2 million. Media revenue inched upward by 0.6%, to $446.3 million.

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