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Industry News

WBLS, Hot 97 Owner Preps Share Offering

Radio+Television Business Report
3 years 10 months ago

MediaCo Holding Co., led by CEO Rahsan-Rahsan Lindsay and formed as a partnership between Emmis Communications founder and CEO Jeff Smulyan and Standard General’s Soohyung Kim, has filed paperwork with the SEC indicating that it wishes to offer millions of dollars worth of shares in the open market to investors.

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RBR-TVBR

Disney Soars In After-Market Trading. At ABC, Cable Income Dipped

Radio+Television Business Report
3 years 10 months ago

The Walt Disney Co.’s stock price zoomed upward by 5.3% in early after-hours trading on Thursday, as the diversified entertainment and communications company that owns ABC and its ESPN arm delivered quarterly earnings that topped analysts’ estimates.

How did the Broadcasting division perform? Over-the-air TV performed better in the quarter.

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Adam Jacobson

A Content SVP Exits ABC, Following McMahon To CBS

Radio+Television Business Report
3 years 10 months ago

As of August 2, Adrienne Roark began serving as a President of CBS Stations, serving the East Coast following a tenure in Portland, Ore.

Now, two other veteran local television executives have earned the President/CBS Stations title at ViacomCBS.

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Adam Jacobson

Harty’s Heart-Felt Local Media Farewell

Radio+Television Business Report
3 years 10 months ago

Meredith Corp. on Thursday (8/12) released its fiscal Q4 and full-year 2021 earnings results, which will be the last fourth-quarter fiscal health report from the company that includes its broadcast TV arm.

How did Meredith Local Media perform in the three-month period ending June 30? Net revenue rebounded from a COVID-19-influenced dip to break the $100 million mark as adjusted EBITDA and operating profit were each on the rise.

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Adam Jacobson

The InFOCUS Podcast: Todd Achilles

Radio+Television Business Report
3 years 10 months ago

It’s pronounced “E-VOCK-A,” and it is the next-generation television service under development in Boise, Idaho, that deserves a closer look. Why? It is built on ATSC 3.0 and IP-based.

With a Phoenix rollout in the works, ahead of additional markets, the individual behind Avoca, Edge Networks President/CEO Todd Achilles offers an exclusive update in this new InFOCUS Podcast, presented by dot.FM.


Listen to “The InFOCUS Podcast: Todd Achilles” on Spreaker.

Adam Jacobson

Townsquare Leaders Prep For Investor Conference

Radio+Television Business Report
3 years 10 months ago

The CEO and the CFO of Townsquare Media have confirmed that they will participate in a two-day virtual investor conference scheduled for August 18-19.

The “Local First” radio station owner and digital media solutions provider will appear on the second day of the online affair.

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Adam Jacobson

iHeart Snags a Sacramento FM CP in FCC Auction

Radio World
3 years 10 months ago

iHeartMedia will get a new FM CP in Sacramento after bidding more than $6.1 million in a just-concluded auction held by the Federal Communications Commission.

The FCC held Auction 109 for new FM and AM construction permits. Sixty-seven bidders won a total of 97 CPs. (Here’s the list of winning bids in PDF form.)

The commission said the auction raised about $12.3 million in bids.

Half of that total came from a single winning bid by iHeartMedia’s iHM Licenses LLC, which won the Class B FM CP on 107.9 MHz in Sacramento, Calif.

The second largest net winning bid was from Radio Brands for a permit in Sanger, Texas, at about $2.3 million for a Class C3 on 104.1.

No other CP went for more than $300,000, and most were far less than that.

The smallest winning bid was $750, from Mekaddesh Group Corp. for a Class A FM CP in San Isidro, Texas on 98.9.

The winners must pay their down payments by Aug. 26. At the end of the process, licenses will be issued for an eight-year term.

The post iHeart Snags a Sacramento FM CP in FCC Auction appeared first on Radio World.

Paul McLane

Nielsen ‘Proactively’ Ignites MRC Accreditation Hiatus

Radio+Television Business Report
3 years 10 months ago

Nielsen on Wednesday “proactively initiated” an accreditation hiatus process for its National TV ratings service.

Why? “While we remain confident in the integrity of our data and measurement, and fully support the audit process,” the nation’s dominant supplier of audience measurement and consumer data says, “we believe that moving to a hiatus allows us to concentrate our audit-related efforts on continuing to address panel concerns alongside the transformation of our National TV product and development of Nielsen ONE.”

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Adam Jacobson

Univision Radio: A Q2 Revenue Jump, With A Big Impairment Charge

Radio+Television Business Report
3 years 10 months ago

While not a publicly traded company, Univision Communications has long been transparent in sharing its quarterly earnings results with the public. On Thursday (8/12), the nation’s largest Hispanic-focused media organization did just that.

How did Univision do in Q2? The “Media Networks,” housing its visual media offerings including Univision’s television assets, enjoyed a revenue rebound that single-handedly swung the company from a net loss to net income.

And, despite a big year-over-year revenue jump, Univision Radio‘s net loss widened from the COVID-19 impacted Q2 2020. It is due to a sizable impairment loss.

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Adam Jacobson

WUFT-TV/FM Account Executive

Radio+Television Business Report
3 years 10 months ago

Florida – The Opportunity

Help build one of America’s best public media operations at the University of Florida and the UF College of Journalism and Communications. WUFT-TV/FM, WUFT Classic and GHQ make up part of the University of Florida’s Division of Media Properties and the foundation on which the College of Journalism and Communications prepares the next generation of journalists and media professionals. WUFT-TV/FM is looking for the next underwriting/sales superstar to join our team and to help provide the revenue and fuel that makes this engine go! The ideal candidate has experience in selling underwriting to businesses in support of public media and wants to work at an incredible institution like the University of Florida.

Specific Duties Include:

Sell underwriting to clients both directly and through advertising agencies. This includes typical outside sales duties such as regularly making new business calls, conducting Customer Needs Analysis, presenting revenue-generating ideas and providing customized solutions that will get results for clients.
Write proposals that include research of customers’ products as well as use of relevant proprietary research supplied by the companies.
Conduct daily plan activities to achieve budget goals. This includes organized activity that is mandated by management (such as attending weekly meetings, updating account lists, annual account-by-account budget plans and providing plans/summaries of activities) as well as self-imposed planning which includes setting appointments and lead generation.
Complete required paperwork to ensure the entire sales process is conducted in a fluid manner. This includes traffic orders, new business account worksheets, production order request forms along with all other communication-related materials.
Provide excellent customer service to all underwriting/advertising clients.
Talk with potential businesses and personal donors to pursue donations and pledge challenges for WUFT Pledge Drives.
Assist membership in donation strategies, securing volunteers for pledge drives, work in concert with Ambassador volunteer group to secure donations, and assist during pledge drives as needed.

The College of Journalism and Communications (www.jou.ufl.edu) offers bachelor’s, master’s and doctoral degrees and certificates, both online and on campus. CJC students have the opportunity to gain practical experience in the Innovation News Center, which generates content across multiple platforms, and The Agency, an integrated strategic communication and consumer research agency focused on marketing to young adults. The College includes seven broadcast and digital media properties, the Joseph L. Brechner Center for Freedom of Information and the nation’s only STEM Translational Communication Center and Center for Public Interest Communications.

Our Commitment to Diversity, Equity, and Inclusion

The UF College of Journalism and Communications and WUFT/WRUF is committed to creating an inclusive environment and is proud to be an equal opportunity employer. We attribute our success to a work force that embraces the contributions of people of all backgrounds and ability levels.

The City of Gainesville

Gainesville (http://cityofgainesville.org) is home to Florida’s largest and oldest university, and so is one of the state’s centers of education, medicine, cultural events and athletics. The University of Florida and UF Health Shands Hospital are the leading employers in Gainesville and provide jobs for many residents of surrounding counties. Gainesville is also the largest city in Alachua County and is the county seat, with approximately 269,000 residents county-wide. It serves as the cultural, educational and commercial center for the north central Florida region. The city provides a full range of municipal services, including cultural and nature services and necessary administrative services to support these activities. Additionally, the city owns a regional transit system, a regional airport, and a 72-par championship golf course. Known for its preservation of historic buildings and the beauty of its natural surroundings, Gainesville’s numerous parks, museums and lakes provide entertainment to thousands of visitors. Because of its beautiful landscape and urban “forest,” Gainesville is one of the most attractive cities in Florida. The city is in a central location to both the Gulf of Mexico and the Atlantic Ocean, providing easy access within a day’s drive to beaches, nature preserves, and water-based activities. Explore Gainesville in 60 Seconds.

EXPECTED SALARY:

$45,000 – $48,000; base salary plus commission, commensurate with qualifications and experience.

MINIMUM REQUIREMENTS:

A high school diploma and four years of appropriate sales/marketing experience. Appropriate college coursework or vocational/technical training may substitute at an equivalent rate for the required experience.

PREFERRED QUALIFICATIONS:

College degree in a related field such as advertising, marketing, journalism or business and a proven track record of sales success with public media.
The candidate must be able to work under pressure in a deadline-intense environment and be self-motivated, outgoing, creative, determined to succeed, committed to excellence and able to problem-solve quickly and efficiently.
Solid analytical skills and proficiency at using the telephone, writing, reading comprehension and basic math skills and capabilities are essential.
The ability to utilize the Microsoft suite of products and to learn proprietary software is also required.

SPECIAL INSTRUCTIONS TO APPLICANTS:

In order to be considered, you must upload your cover letter and resume.

This position is eligible for veteran’s preference. If you are claiming veteran’s preference, please upload a copy of your DD 214 Member Copy 4 with your application for consideration. See our Veteran’s Preference Page for more specific information.

Application must be submitted by 11:55 p.m. (ET) of the posting end date.

Applications must be submitted online via https://explore.jobs.ufl.edu/en-us/job/517648/wufttvfm-account-executive .

The University of Florida is committed to non-discrimination with respect to race, creed, color, religion, age, disability, sex, sexual orientation, gender identity and expression, marital status, national origin, political opinions or affiliations, genetic information and veteran status in all aspects of employment including recruitment, hiring, promotions, transfers, discipline, terminations, wage and salary administration, benefits, and training.

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