Gray Media on Friday morning lifted the curtain on its second quarter 2025 financial results, with core advertising revenue consistent with the company's updated guidance for the three-month period ending June 30. However, the company swung to a net loss, missing analysts' forecasts.
For The E.W. Scripps Co., a "strong second quarter in a soft advertising climate" was seen, President/CEO Adam Symson shared during the company's Q2 2025 earnings call on Friday morning. He also shared that the company, despite the macroeconomic headwinds, is tackling its debt in swift fashion.
Gray Media is on a buying spree, and after agreeing on August 1 to acquire Block Communications, Inc.'s television stations, it has struck an agreement to acquire Allen Media Group's broadcast TV properties in 10 markets. The transaction involves properties across 10 markets.
While Amazon Prime may be a draw for some subscribers for its exclusive live sports offerings and feature films, rather than its original scripted series, one thing is for certain: it has gained nearly 30 million paid subscribers in the U.S. in the last five years.
In what could be its last second quarter earnings report, Fubo, which is being acquired by The Walt Disney Co., delivered results that exceeded both its subscriber and revenue guidance. This led investors to snap up shares in the "Sports First" vMVPD, bringing it closer to a new year-to-date high.
Two radio stations serving the City of New York, an AM to the east on Long Island, a big AM serving the Midwest, and one of the biggest Rock stations in the U.S. are the five finalists for "Legendary Station of the Year," as the NAB on Thursday announced its list of nominees for the 2025 NAB Marconi Radio Awards.
RBR-TVBR
Please show your support by using the Ko-Fi link at the bottom of the page. Thank you for supporting REC's efforts!