The nation's No. 1 audio content creation and distribution company concluded a long parade of companies presenting their fourth quarter 2024 earnings reports on Thursday. And while the day began with a sobering fiscal health review from Cumulus Media, industry peer iHeartMedia shared Q4 results that saw net income rise and adjusted EBITDA increase, too.
The company that boasts it is the parent to the largest podcast network in the world has signed a multi-year partnership with the government of Qatar, in the Middle East, with the intent of creating "a thriving podcasting industry" in the region and in nearby North Africa.
"Our fourth quarter financial results mark a strong finish to another successful year for Nexstar in which we delivered $5.4 billion in total net revenue — the highest in our company's 28-year history," Nexstar CEO Perry A. Sook said as he opened the company's Q4 earnings call. Was he downplaying Nexstar's fiscal health?
Would MVPDs and voices of the cable television industry protest a NAB petition with the FCC requesting mandated transition dates for TV stations to adopt ATSC 3.0 broadcast signals? Perhaps. If so, the Consumer Technology Association, which had fought against the AM Radio for Every Vehicle Act, has their back.
February 27 was originally poised to be a day full of conference calls detailing the fourth quarter 2024 results from four broadcast TV companies and two major radio broadcasting companies. One of those TV station ownership groups opted not to release its results on such a crowded day. Instead, it is waiting until March 11.
A 1kw Class C AM radio station with an all-important FM translator serving Jasper, Ala., with Classic Hits programming is about to change ownership. It's thanks to a deal that's just been filed with the FCC for regulatory approval. And, it marks a new chapter for a company that suffered a loss of its broadcast tower in 2024.
There's been significant growth across the Palm Beaches and Treasure Coast of native Spanish speakers, all of whom seek in-language news that's relevant to them. With two Miami Spanish-language TV stations on local MVPD lineups and little else in the way of local español news, Sinclair Inc. is stepping up to the plate.
A 10pm Sunday premiere of a NBC prime-time series and a daytime serial debuting from CBS. What do they have to do with Gray Media? A lot, and that's what CEO Hilton Howell Jr. sought to stress as the publicly traded company's nontraditional revenue is about to jump in a way that differs from its peers.
He's no stranger to CBS News but has been serving as President/GM of KGO-7, the ABC Owned Stations property serving the San Francisco-Oakland-San Jose market. That's about to change. After seven years in the Bay Area, this news veteran is returning to CBS at a particularly fragile time.
Some five years after the COVID-19 pandemic wreaked havoc on the nation's mental, physical and financial health, the Radio industry is still suffering. That's the message being told to investors of one of the biggest audio content creation and distribution companies in the U.S., as it delivered its Q4 2024 results on Thursday.
As CEO Mike Steib and CFO Julie Heskett see it, TEGNA's financial strength and "disciplined execution" make it a standout broadcast television station owner, one ripe for growth and the right M&E activity as it nevertheless anticipates total Q1 2025 revenue to decline between 4% and 7%. As such, is TEGNA a buyer or seller?
The owner of such broadcast television stations as KGW-8 in Portland, Ore.; WTSP-10 in Tampa-St. Petersburg; and flagship WUSA-9 in Washington, D.C., enjoyed a 20% gain in revenue in the fourth quarter of 2024, helping it achieve full-year revenue growth of 7%. The big reason TEGNA saw the improvement is tied to political advertising.
One year ago, Cumulus Media initiated a “poison pill” defense to stave off the looming threat of a hostile takeover from billionaire Manoj Bhargava. Now Cumulus is quietly putting that shareholder rights plan to bed as the danger fades, per an SEC filing.
The year-over-year results mark an improvement. But, in the eyes of analysts, the revenue growth seen in Q4 2024 for Sinclair Inc. may not be good enough. That's what the company led by Chris Ripley has to contend with.
Through a Notice of Proposed Rulemaking, the Commission will consider additional actions it could take today to make sure TV viewers aren’t inundated by exceedingly loud commercials in the future.
Gray Media has inked an agreement that will allow it to simulcast five Memphis Grizzlies NBA games, in partnership with FanDuel Sports Network. The games will appear in Memphis, Nashville and Knoxville, starting March 12.
Audacy's Podcasts division has expanded its exclusive, multi-year sales and distribution partnership with CBS. The agreement now includes CBS Entertainment, CBS Media Ventures, CBS News, and CBS Studios podcast slates.
The FCC earlier this week took its first stab at investigating whether Radio is engaged in artist performance policies that do not comply with federal "Payola" regulations. On Wednesday, iHeartMedia responded to a formal letter of inquiry from Chairman Brendan Carr.
The man behind a radio and TV broadcast consulting firm specializing in remote control solutions, studio design and construction, antenna protection systems and ratings metrics has been selected as the recipient of the NAB's 2025 Radio Engineering Achievement Award.
The developer of visual in-car displays for radio led by Steve Newberry has signed a partnership with the publicly traded radio station owner to bring its messaging capabilities to 400 stations. Select markets will also introduce Quu’s Content Partnership sponsorships, creating new brand revenue opportunities.
