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Radio+Television Business Report

Salem Beats The Street With Its Q3 Results

Radio+Television Business Report
3 years 6 months ago

On Thursday, no less than eight broadcast media companies released their third quarter 2021 results. The day concluded with concurrent conference calls for analysts and investors from Entravision Communications, and from Salem Media Group.

With Friday’s trading underway, Salem shares were up. And, investors were pleased as the company known for its conservative Talk radio stations and its Christian-themed print and audio media content surpassed analysts’ estimates with its Q3 fiscal report card.

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Adam Jacobson

Scripps Networks Gains Outweigh A Q3 Local Media Dip

Radio+Television Business Report
3 years 6 months ago

According to analysts polled by Zacks Equity Research, The E.W. Scripps Co. — a much bigger operation today than a year ago thanks to its merger with Ion Media — was expected to post earnings per share of $0.12 in Q3. That would have reflected an 84.2% year-over-year decline, impacted by fewer political ad dollars.

How did Scripps do?

Much better than those prognostications, thank you. But, it is hardly because of the company’s Local Media unit.

 

For exclusive perspectives, projections, and visions for the broadcast industry directly from The E.W. Scripps Co. President/CEO Brian Lawlor (pictured, top left), there’s only one place to be on November 16. That’s Forecast 2022, located at the Harvard Club in Midtown Manhattan, New York City. Lawlor is appearing in an Executive Super Session, sponsored by Skyview Networks. It’s your chance to see him in person, alongside the industry’s biggest leaders.

Don’t hesitate: REGISTER NOW!!

 

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Adam Jacobson

TEGNA Responds to Dish ‘Bad Faith’ Fight with FCC Cross-Complaint

Radio+Television Business Report
3 years 6 months ago

It’s perhaps the ugliest retransmission consent impasse seen in recent months. On Friday, TEGNA took things up a notch by going to the FCC by submitting a cross-complaint against Dish for what it says is “its failure to comply” with the Commission’s “Good Faith” rules.

TEGNA also assails Dish for making “material misrepresentations” about its retransmission consent negotiations to the Commission, and to the public.

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Adam Jacobson

Political Dollar Dip Yields Q3 Revenue Drop at Graham

Radio+Television Business Report
3 years 6 months ago

It’s hardly a surprise. The third quarter of 2020 brought broadcast media an incredible amount of political advertising, boosting revenue to unprecedented heights across the broadcast TV landscape.

One year later, with fewer political ad dollars, losses are expected. But, how big the loss is has emerged as the key investor question. At Graham Media Group, the decrease was in the mid-single-digits.

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Adam Jacobson

With Q3 Report Released, iHeart Shares Surge After-Hours

Radio+Television Business Report
3 years 6 months ago

The third quarter 2021 results from the largest audio content creator and distributor in the U.S., iHeartMedia, were released shortly before the company’s two top leaders, Bob Pittman and Rich Bressler, played host to analysts and investors in a conference call scheduled for 4:30pm Eastern.

How did the company do? As the answer was shared, investors snapped up iHeart shares in immediate after-hour trading on Thursday.

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Adam Jacobson

With Q3 Results In Tow, Entravision Expands To Africa

Radio+Television Business Report
3 years 6 months ago

In 2021, Entravision Communications fully transitioned from a Hispanic-centric U.S.-focused media company to a global digital advertising player with its decision to take full ownership in Cisneros Interactive. This followed Entravision’s acquisition of Singapore-based Media Donuts.

Now, Entravision has invested in Africa, with its acquisition of a South African digital ad solutions company.

The news came just as Entravision distributed its third-quarter earnings results.

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Adam Jacobson

MIW Launches New ‘Operational Excellence’ Webinar Series

Radio+Television Business Report
3 years 6 months ago

Mentoring and Inspiring Women in Radio, the non-profit charitable organization dedicated to the advancement of female leadership in radio broadcasting, has teamed with vCreative to recognize and celebrate women in radio “whose unsung efforts ensure efficiency, both operationally and financially, for their stations and groups.”

The program’s inaugural free webinar, “Recognizing Women in Operational Excellence” will be held Thursday, December 2, from 1pm-1:45pm Eastern.

Hosted by vCreative CEO Susie Hedrick and MIW Board Member Valerie Blackburn, the webinar showcases three uniquely talented women who make a significant impact daily on their company’s operations:

  • Becky Deneger, Vice President of Traffic Operations at TSM
  • Mildred Sibley, Vice President of Station Traffic Operations at Entravision
  • Melissa Mitchell, Director of Finance and Corporate Controller at Bonneville

Webinar participants will hear how these professionals strategically embrace emerging technologies; integrate new products into existing workflows; and hire and train teams.

Reserve your spot and learn more here: https://hubs.la/H0-z_pz0

RBR-TVBR

What are You Doing to Protect Your Station?

Radio+Television Business Report
3 years 6 months ago

It’s a question Lee Miller, Executive Director of low-power television and OTT advocacy group ATBA, addresses in a new opinion piece.

And, it is a major topic facing broadcast media leadership and air personalities alike that will serve as the centerpiece to a highly anticipated Forecast 2022 conference panel.

In a communique distributed to Advanced Television Broadcasting Alliance members on Thursday (11/4), Miller says, “On the heels of recent ransomware attacks, as an industry, we need to take a look at our systems and networks.”

The good news, in Miller’s eyes: Keeping ransomware off your system isn’t difficult — especially for a small operation.

“Much like preventing malware and viruses, best practices are pretty much the same,” he writes. “A ransomware attack must have some access to your system, usually through a rogue application. Be sure you and your staff are cautious about downloading or opening any files from the web or your email if you’re not very certain of their source.”

Miller notes that hackers now use a variety of social engineering methods, such as spoofing an email that looks like it’s an urgent message from a staff or family member; these typically include links that will install and/or download spyware and other files used by ransomware attack agents.

“Consider strongly again and again before opening and running anything on your computer, especially if it arrives without your expectation,” Miller advises. “Besides being careful about what you click on or download, there are three rules of system security that you should always apply: Protect, update, and back up. All malware, including ransomware, often exploits older or unpatched operating systems and software, and just because you might be on a macOS, don’t think you’re immune!”

Cyber threats are coming fast and furious nowadays. Every day we hear of another ransomware attack or data breach, and it seems that the cyber adversaries are taking over companies unopposed. Cyber security expert Steve Morgan, founder of Cybersecurity Ventures and Editor-in-Chief at Cybercrime Magazine, sits down with WABC Radio’s Juliet Huddy at Forecast 2022 for a provocative interview that will cover, in non-technobabble, how the cyber adversaries are doing it, why people and companies are in the dark when it comes to cybercrime, and what they can and should do to protect their organization. This session is presented by RCS Sound Software To hear what Morgan has to share, you have to be there. REGISTER TODAY AND SECURE YOUR SEAT AT FORECAST 2022!

 

Adam Jacobson

DISH Shares Plummet As Q3 EPS Misses By Pennies

Radio+Television Business Report
3 years 6 months ago

The direct broadcast satellite company presently at war with broadcast TV station owner TEGNA over a new retransmission consent agreement suffered a severe gut punch on Wall Street, following the release of Q3 2021 results that failed to live up to analyst forecasts.

At 2:20pm ET, Dish Network shares were down by 14% on five times the normal trading volume.

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Adam Jacobson

Saga Swings To Net Income With Q3 Strength

Radio+Television Business Report
3 years 6 months ago

What’s the fiscal health for one of the biggest radio industry pure-play operations that’s publicly traded on Wall Street?

Pretty darn good, actually, as Saga Communications released a Q3 2021 report card that shows the owner of small and medium-market stations turning from a net loss to significant net income.

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Adam Jacobson

A Milwaukee LPTV Closer To New Owner

Radio+Television Business Report
3 years 6 months ago

It is a low-powered TV station that in summer 2018 was heading to HC2 Holdings, with a $400,000 transaction proposed.

Then, HC2 was a much different company, with spending under the guise of former CEO Philip Falcone. He’s now at Sovryn Holdings, and that 2018 deal never came to fruition. Now, the LPTV facility has found a new buyer, and it is paying significantly less for it.

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Adam Jacobson

Richmond Voter ‘No’ To Urban One Casino Plan Overshadows Q3 Talk

Radio+Television Business Report
3 years 6 months ago

“The company is in good shape, from a leverage standpoint. We’ve come a long way.”

Those are the words of Urban One CEO Alfred Liggins III, who had many good things to share during his company’s third quarter 2021 earnings call held Thursday. Among them: the shaky automotive category was up by double-digits for Urban One in Q3, a reflection of commitments to Black-owned media in the wake of social justice efforts that have played out over the last year.

However, the City of Richmond referendum defeat for the company clouded the report, and the earnings call, with Liggins sharing what the company’s next steps will be on what to do with its cash.

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Adam Jacobson

The InFOCUS Podcast: Brian Wieser, groupM

Radio+Television Business Report
3 years 6 months ago

Third quarter 2021 earnings reports are being released one after the other on Thursday, and who better to chat with than the distinguished Global President of Business Intelligence at groupM, Brian Wieser. Wieser is considered by many to be Madison Avenue’s de facto Chief Economist and previously served as a key Wall Street analyst at Pivotal Research Group.

In this InFOCUS Podcast, presented by dot.fm, RBR+TVBR Editor-in-Chief Adam R Jacobson asks Wieser if the broadcast media sector is in for a Q4 ad dollar scare because of the well-reported supply chain problem.

Wieser also shares his insight on what the biggest positives are for radio and TV station owners in this exclusive conversation that serves as a precursor to a Forecast 2022 discussion on Broadcast Revenue Trends and Expectations for 2022.

At Forecast 2022, Jen Soch, Executive Director/Specialty Channels at GroupM, joins Leah Casterlin, Founding Partner of Media Fortitude Partners; Katz Media Group CEO Mark Gray, and TVB President/CEO Steve Lanzano for a panel discussion on what is in store for broadcast media in the next year. Moderating the panel: Media ecologist Jack Myers.

REGISTER NOW FOR FORECAST 2022!

 

Listen to “The InFOCUS Podcast: Brian Wieser, groupM” on Spreaker.

Adam Jacobson

TEGNA Smashes EPS Estimates With ‘Record’ Q3 Finish

Radio+Television Business Report
3 years 6 months ago

Yes, supply chain issues are “significantly impacting” automotive ad dollars at TEGNA. But, every other ad category was up by double digits in Q3, and this trend is continuing across Q4.

With home improvement, insurance, education, CPG and finance showing no signs of a slowdown, the owner of broadcast TV stations and the Premion Connected TV/OTT advertising platform for regional and local advertisers enjoyed a strong Q3, easily beating the forecast of analysts polled by Zacks Equity Research.

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Adam Jacobson

Gray Tops Revenue Estimates As A Net Loss Is Seen

Radio+Television Business Report
3 years 6 months ago

The Zacks Consensus Estimate was for net revenue that came in higher than anticipated. But, instead of positive earnings per share growth, Gray Television‘s EPS ended up in the negative, with the company suffering a net loss in Q3 2021.

Ahead of the Opening Bell on Wall Street, investors expressed their disappointment, with GTN down 1.7% in pre-market trading on the NYSE. But, these traders may need to understand that unfair comps — and growth initiatives designed to make Gray a bigger player in local TV — are the reason for what is largely a short-term blip.

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Adam Jacobson

A Positive Q3 For Univision

Radio+Television Business Report
3 years 6 months ago

“Our outstanding third quarter results underscore the enormous opportunities that lie ahead for Univision.”

That positive statement comes courtesy of Wade Davis, who earlier this year succeed Vince Sadusky as CEO of Univision Communications.

Just how strong was Q3 for Univision?

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Adam Jacobson

Facebook Fakers Lure Air Talent Fans To Phony Business Deals

Radio+Television Business Report
3 years 6 months ago

You listen to a radio station and like a particular air personality. Then, you happen to find what appears to be their social media profile.

Who knew that all of the interaction between the air talent’s listeners was with not the hosts, but impostors who hijacked the pages and then led listeners to invest in phony business investments?

That’s the trouble associated with two iHeartMedia air personalities in Chicago, illustrating yet another cybercrime ill impacting broadcast licensees across the U.S.

Cyber threats are coming fast and furious nowadays. Every day we hear of another ransomware attack or data breach, and it seems that the cyber adversaries are taking over companies unopposed.  Cyber security expert Steve Morgan, founder of Cybersecurity Ventures and Editor-in-Chief at Cybercrime Magazine, sits down with WABC Radio’s Juliet Huddy at Forecast 2022 for a provocative interview that will cover, in non-technobabble, how the cyber adversaries are doing it, why people and companies are in the dark when it comes to cybercrime, and what they can and should do to protect their organization.

This session is presented by RCS Sound Software To hear what Morgan has to share, you have to be there.

DON’T HESITATE, AS THIS LIMITED-CAPACITY EVENT IS FILLING UP FAST.
REGISTER TODAY AND SECURE YOUR SEAT AT FORECAST 2022!

 

As reported by WLS-7 in Chicago, Leon Rogers of the WGCI-FM morning show and WVAZ-FM “V103” part-timer Ericka “Sundance” Ingram each had their Facebook pages apparently taken over by hackers.

And, they claim fans who interacted with the fakers were asked to invest in phony business deals.

Among the listeners who apparently got caught up in the scam is one Phillip Vaser, who enjoys Rogers. Vasser spotted an opportunity posted on Rogers’ Facebook page to make some extra cash. He questioned it.

In an effort to prove Rogers’ identity, he sent a Facebook message to confirm the opportunity to make $1,000 from a $100 investment. “I said, I’m not sending you a dime unless you prove to me that you you!” Vasser told WLS-7. In return, Vasser received a picture of Rogers posing with his ID, in his house, with “legible reading of his face and his address.”

That was enough for Vasser … unfortunately. Vasser sent to the person he assumed was Rogers some $4,700 in gift card codes and bitcoin. Something seemed weird about it. The fake Rogers requested Vasser’s Facebook password and login information, claiming it was part of their verification efforts. Vasser complied; minutes later he was locked out of his Facebook account, with his money taken.

Vasser wasn’t the only person to fall for the scam. Rogers told WLS-7 he has received “thousands of messages” from people across the Chicago area who were ripped off.

How did the person behind the scheme get the photo of Rogers? Earlier in 2021 Rogers received a message he believed to be from Facebook. It asked him to send his login information and a video of him holding his ID up next to his face as an identity test.

Rogers did what was asked; he was subsequently locked out of his Facebook account.

For Ingram, she told WLS-7 a similar Facebook page takeover has occurred.

Has Facebook responded to Ingram or Rogers, who have reported the hacks “dozens of times” to the social media giant? No, they claim.

Contacted by WLS-7, Facebook parent Meta noted that its support team is reviewing both Rogers’ and Ingram’s accounts so they can take appropriate action.

Adam Jacobson

Cumulus Q3 Results ‘Exceeded Expectations,’ Beat Street

Radio+Television Business Report
3 years 6 months ago

Just after Wednesday’s Closing Bell on Wall Street, Cumulus Media offered analysts and investors a look at its third quarter 2021 fiscal report card.

As CEO Mary Berner sees it, “third quarter results exceeded expectations across the board, despite the ongoing impacts of COVID-19.”

Dan Bongino A standoff in the name of solidarity for @CumulusMedia employees who were dismissed for not getting the COVID-19 vaccine has ended for talk host Dan Bongino. He returned to his @WestwoodOne  show today and is creating a fund for co-workers who said no to Cumulus’ vaccine mandate.

 

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Adam Jacobson

What’s The Secret Sauce For Small and Indie Broadcasters?

Radio+Television Business Report
3 years 6 months ago

From tornadoes and hurricanes to a pivotal November election and even a global pandemic, it turns out that everything is local. Perhaps no media does local better than small and independent broadcast operators.

What’s their secret sauce? Find out on November 16 as a panel of resourceful, savvy independent and smaller-market broadcasters share their view of the industry’s future from where they sit at Forecast 2022, the media industry’s Financial Summit.

Larry Patrick of media brokerage Patrick Communications and radio station licenseeLegend Communications invites you to join him and his guests:

  • John Caracciolo, President/CEO, JVC Broadcasting
  • Brian Lilly, CEO, Lilly Broadcasting
  • DuJuan McCoy, Owner, Circle City Broadcasting
  • Bayard H. “Bud” Walters, CEO, The Cromwell Group

A provocative conversation about local broadcasting, where ideas and opportunities are the name of the game, is on tap … and you’ll need to be present to hear what they have to say at this no-outside-press event.

There are other reasons why Larry Patrick will be attending Forecast 2022 Forecast brings together the best and brightest talent in broadcasting and advertising to forecast the coming year, and to discuss the trends and momentums that will affect ratings and revenue. From Washington to Wall Street, Forecast focuses on what’s ahead in the broadcast community’s future and how to prepare for its opportunities and challenges. Join today’s industry leaders and be part of the discussions and debates about what’s ahead for radio in 2022 and beyond. Register now!
RBR-TVBR

DraftKings and iHeart Ink ‘A Multifaceted’ Strategic Deal

Radio+Television Business Report
3 years 6 months ago

DraftKings is now the official odds supplier for iHeartMedia’s broadcast, digital, podcast and social platforms.

It’s thanks to a new agreement that allows DraftKings to co-create and distribute long-form content with iHeartMedia.

The agreement also means DraftKings will receive preferred access to iHeartMedia’s roster of on-air personalities.

Furthermore, DraftKings and iHeartMedia will collaborate around “a wide range of possible content development opportunities,” including the distribution of shows and segments across the company’s radio and digital properties and integrations within iHeartMedia’s live sports broadcasts.

DraftKings and iHeartMedia will also collaborate on a number of possible experiential opportunities for listeners and fans including providing cross platform interactive games.

“Customer engagement remains a primary focus for DraftKings, and this latest agreement with iHeartMedia amplifies our reach immensely to a dedicated audience that spans more than 160 markets across the country with the largest audio company in the U.S.,” said Matt Kalish, Co-founder and President of DraftKings North America. “Analytically tapping into iHeart’s coveted listenership while powering authentic betting content is a landmark moment for both organizations and precursor to new possibilities in media innovation.”

RBR-TVBR

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