Revenue and EBITDA were "in-line" for the company in Q3, as President/CEO Mary Berner noted during a Friday pre-market earnings call for analysts and investors that the company "maintained our focus on what we can control." Investors were less than pleased, sending Cumulus Media shares down by nearly 20% on Friday.
On Monday, paperwork was submitted for regulatory approval regarding a pair of deals involving low-power television stations in Knoxville; Terre Haute, Ind.; and Greenville, S.C.; from Jeff Winemiller's Lowcountry 34 Media to HC2 Station Group. Now, a third deal has been filed with the FCC.
A collection of Local Now free ad-supported streaming television channels have added distribution via The Roku Channel, thanks to an agreement signed between the platform and Local Now parent Allen Media Group.
An Idaho-based non-profit offering a unique Christian-themed Country music format on a handful of stations across the U.S. is agreeing to sell a 100kw Class C1 facility in Montana. Who's the buyer? It is a Salt Lake City radio personality-turned-public radio station operator who has already taken the FM in an Adult Alternative direction.
Fifteen years ago, Steven Fuchs signed off on a Time Brokerage Agreement allowing Fox Radio Network to control a 25kw Class C3 FM serving a Missouri city along the Black River, in the southeastern corner of the Show-Me State. Now, he is converting that long-term lease into an outright purchase.
A Class B AM radio station with an FM translator serving Kalispell, Mont., is poised to see an ownership shift, as a stock purchase agreement will shift the shares held in KOFI-AM from Tana and David Rae.
In March 2023, a 250-watt translator with a formidable signal across the Denver-Boulder market dropped its all-Comedy format by adopting a gold-based Country presentation under the "Front Range Country" brand. Now, the Audacy Inc. audio service is being put in the hands of artificial intelligence, powered by Super Hi-Fi.
A new "soap opera" on network television, in 2025? That's indeed in the works at CBS, thanks to a three-way partnership between the Paramount-owned network, the NAACP and a division of Procter & Gamble Co.
Behind every headline, there’s a delicate dance between advertisers, broadcasters, and the message itself. Who keeps the lights on in democracy? A Forecast 2025 session featuring NAB President/CEO Curtis LeGeyt and Ad Fontes Media's Lou Paskalis is poised to bring in-person attendees a discussion one can't miss.
The American Association of Professional Baseball club carrying on the heritage of a storied Negro League franchise has signed a deal that will bring every home game in the 2025 season from Legends Field to viewers via a Gray Media broadcast TV station available across the market.
A 1kw Class C AM serving the Lancaster-Palmdale, Calif., area to the north of Los Angeles is being acquired by a local operator from a Nevada LLC associated with the owner of stations along California's Central Coast.
LPTV entrepreneur Jeff Winemiller is at it again, and this time he's signed off on a facilities swap with the licensee led by Randall Weiss. When all is said and done, Winemiller's Lowcountry 34 Media will be the owner of a property serving Atlantic City, N.J.
A "sports-first" live TV streaming platform trying to put the kibosh on a planned launch of the Venu Sports platform from The Walt Disney Co., Fox and Warner Bros. Discovery has secured a rights agreement with the company that owns such over-the-air stations as KFAA-29 in Dallas, KONG-16 in Seattle and flagship property WUSA-9 in Washington, D.C.
As RBR+TVBR was first to report on Monday, Nexstar Media Group has signed an agreement that, pending FCC regulatory approval, will give it a duopoly in the Cleveland market. We now know how many millions of dollars the company will pay to acquire the television station licensed to Akron, Ohio, in a deal brokered by Kalil & Co.
So, are you so over that "We Pay The Max" pre-roll ad one sees when accessing streaming audio on one major platform? Perhaps fresh data from a "Viewer Experience Lab" initiative is of importance to both the agency who create the spot, and the media company in control of what's shown.
The publicly traded company that controls Estrella Media's radio and TV properties and is the owner of WQHT "Hot 97" and WBLS in New York has a new Chief Operating Officer as Albert Rodriguez has assumed interim Chief Executive Officer duties, a SEC filing reveals.
From July to September 2024, listeners spent 67% of their daily time with ad-supported audio with radio, 18% with podcasts, 11% with streaming audio services and 3% with satellite radio. That's a key takeaway from the latest Edison Research Share of Ear report card presented in partnership with Nielsen.
For some 50 consecutive years, the Grammy Awards telecast could be seen on CBS. A 10-year contract renewal signed in July 2016 between the network and the Recording Academy signaled the continuation of a long-standing deal, establishing a record for its duration. Come 2026, that historic relationship will come to its conclusion.
The Arlington, Va., diversified company that once owned The Washington Post through its historical ties to the late Katharine Graham has released its third quarter earnings report. How did the Graham Media Group unit perform?
The E.W. Scripps Co. has changed its mind on when it will release its third quarter 2024 results and host a conference call for analysts and investors to discuss the performance. Now, the report will come four days earlier than originally scheduled. There's a good reason for the change.
