Radio+Television Business Report

For many in Midtown Manhattan, the top news of the day involving FOX is its Upfront-related announcements. For others, FOX Corporation's fiscal third quarter earnings, released Monday morning, are the bigger story. Why? Both the broadcast and TV segments enjoyed strong growth in the quarter.

He was associated with WSYR-9 in Syracuse, N.Y. from fall 1962 through July 2008. Now, the Nexstar Media Group-owned ABC affiliate and many across the region are mourning the death of former news personality Mike Price.

Upfront Week begins Monday. Ahead of the NBCUniversal-hosted gathering in New York, the Comcast unit shared the details of a recent campaign involving a fashion-forward footwear brand that demonstrates how effective TV is for achieving brand lift. 

According to the National Automobile Dealers Association, Radio accounted for 9.5% of the average dealership's advertising budget in 2023, translating to approximately $50,248 per dealership. How does your station stack up? Get out of the back seat and take the wheel at the 2025 Hispanic Radio Conference.

In November 2016, an individual who spent two decades at Entercom acquired a Buffalo AM and its first FM translator for $655,000. In the 8 1/2 years since that transaction, WECK has become one of the America's top AM radio stations. Now, Buddy Shula is adding a second AM to his Radio One Buffalo.

Sen. Jerry Moran, along with 22 other signatories, submitted a letter to the FCC encouraging the Commissioners to update the broadcast ownership rules. "By modernizing broadcast ownership restrictions, the FCC can empower broadcasters to fulfill their essential role in American democracy," they say.

For the last three years, he's been largely known for his sales and management roles within the TelevisaUnivision domestic radio and television station group, overseeing local media sales for some 25 markets across the U.S. and Puerto Rico. John M. Hannon has now joined Sinclair Inc., and he'll be overseeing two markets.

Count The E.W. Scripps Co. among the companies that proved the naysayers wrong by surpassing the earnings forecast of financial analysts who offered revenue and EPS estimates on the company's Q1 results. Company leaders discussed the fiscal report on Friday, along with hints on its post-dereg plans.

Having an accent in English has long been considered a disadvantage. Many of Rosemary Ravinal's public speaking coaching clients come to her with concerns. She believes embracing one's unique speech patterns and focusing instead on intention, message clarity, articulation, and delivery erases any word-delivery worries.

A Class D AM radio station licensed to Providence, R.I., and one of the two FM translators it has been using to serve the market with Spanish-language programming as "La Mega" are being sold.

The Springfield Gardens area of Queens is a residential zone adjacent to bustling John F. Kennedy International Airport in New York. Here, a pirate radio station at 91.9 MHz was confirmed by Enforcement Bureau agents. They couldn't stop the buccaneer behind the elicit operation. Now, they're going after the property owner.

The TV Media arm of Paramount Global, under scrutiny from President Trump and the FCC over alleged "news distortion," experienced a 13% year-over-year revenue decline in the first quarter as the company as a whole saw a decrease in its adjusted earnings per share from continuing operations attributable to the company.

“We’re making important progress on the key initiatives that are shaping TEGNA’s future,” says Mike Steib, CEO of a broadcast TV company that appears by all accounts to be in growth mode. But, what of TEGNA's Q1 2025 financial results?

Entravision Communications released its Q1 2025 earnings report after the Closing Bell on Wall Street, and Media revenue declined by 10% year over year. Yet, 17% revenue growth was seen overall in Q1 for the company. It's all thanks to soaring Digital dollars. 

Gray Media shares, which trade on the NYSE, torpedoed ahead by more than 20% in value in midday trading as investors celebrated total Q1 2025 revenue finishing above the high end of its guidance. Debt reduction and a decline in broadcast operating expenses were also highlights singled out by the broadcast TV group.

Global consumer spending on overall media content and technology grew at a 4.4% rate in 2024 to $2.371 trillion. This, says PQ Media, marks the third consecutive year of decelerating growth after a 4.5% increase in 2023, and that followed the strongest growth in consumer media spend in a decade the prior year.

Net operating revenue was down slightly, as Saga Communications once again logged a net loss in the first three months of the year. In fact, the results offer a near mirror image of what the company led by CEO Chris Forgy, with significant equity interest held by Towerview LLC, logged in Q1 2024.

An entertainment industry attorney with unscripted programming and film experience across international platforms, has joined Hearst Media Production Group (HMPG) as Vice President of Business Affairs.

She served as the "NCSA/PEP Coordinator" for the Wisconsin Broadcasters Association and had been with the organization led by Michelle Vetterkind for two decades. Now, radio and TV professionals across the state are remembering the life of Liz Boyd, who has died at the age of 71.

A new WARC report led its research and analytics head to state, "While AI tools, in particular, bring new speed and scale to measurement, advertisers still lack a complete framework for understanding advertising return on investment."