Yes, Veterans Day is Thursday. Yet, it already looks and sounds a lot like Christmas. With Hanukkah arriving on November 28, retailers are already in high gear on gift-giving ideas.
For two brick-and-mortar department store brands, the ad activity surged in a significant way.
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Will the FCC and/or Capitol Hill change the media?
What’s to come at the Federal Communications Commission under the formal leadership of Jessica Rosenworcel will undoubtedly impact both radio and television broadcasting companies.
Remember: Rosenworcel voted against the media ownership rule rewrite that the Supreme Court unanimously ruled was lawful, putting the wheels in motion on cross-ownership rule “modernization” formulated under the Pai Commission.
Will that be the end of any meaningful regulatory reform for broadcast media. If Gigi Sohn were to become a Commissioner — a big if, as of today — could more regulations for broadcasters come to fruition?
That’s just one of many things Inside the Beltway that could impact your bottom line in 2022 and beyond. From Capitol Hill to the Commission’s new offices near Union Station, Washington is abuzz with broadcast media bills and proposals.
Who better than Frank Montero, co-managing partner at Fletcher Heald and Hildreth, to lead a Forecast 2022 discussion on the myriad regulatory challenges and opportunities ahead for broadcasters.
Montero has assembled a group of seasoned broadcast professionals who understand the implications, challenges, and opportunities of these issues and how they might play out in the year ahead.
Appearing at this Forecast 2022 exclusive session are Dr. Mark Fratrik, SVP/Chief Economist at BIA Advisory Services; Bob Mc Allan, CEO of Press Communication LLC and PMCM TV LLC; Justin Nielson, Senior Research Analyst/Broadcast Media at S&P’s Kagan; and Colorado Broadcasters Association President/CEO Justin Sasso.
Understanding what happens Inside the Beltway and how it affects you, your stations, and your future business prospects is essential.
Make sure you are in the room for this blockbuster session at Forecast 2022. Register today!It’s being called “the most comprehensive and in-depth source of econometric data and analysis covering the entire U.S. audio media industry for the 2019-2023 period by all three industry KPIs.
Here’s your first look at PQ Media’s “U.S. Audio Media Forecast,” which covers over 40 audio media platforms, channels and categories.
Business growth starts with great information. That’s what you’ll get November 16 at the Harvard Club in New York when you attend Forecast 2022. For full details, including the agenda and registration information, simply visit http://www.radioinkforecast.com.Please Login to view this premium content. (Not a member? Join Today!)
Radio appears to gain strength late in the season, compared to last year.
That’s the head-turning takeaway from James Fennessy and his team at Standard Media Index (SMI).
How does this compare to other media SMI measures?
Economic Forecasting: Broadcast Revenue Trends and Expectations for 2022 With supply chain issues and hiring challenges the Q3 2021 earnings call conversation of choice for Wall Street financial analysts, all eyes are on the first half of 2022. Will automotive finally recover in the second half of 2022? Are certain brands seeing different issues? What about sports gaming? At Forecast 2022, a panel of experts will offer attendees an exclusive and provocative discussion about who is going to “show us the money” in the year to come. For more details and to register for this event, please visit www.radioinkforecast.com today.
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In a significant move that signals a likely lobbying victory for the NAB, the full FCC on Friday released a Second Further Notice of Proposed Rulemaking adopted on November 4 that would allow digital multicast NEXTGEN TV channels to effectively be licensed in the same manner as their host station.
The matter is open for Comments and Reply Comments, with a schedule forthcoming based on the FNPRM’s publication in the Federal Register.
As Gordon Smith exits his role at year’s end as CEO of the National Association of Broadcasters and Curtis LeGeyt prepares to take the helm, what is the state of the broadcast industry from the Beltway view? Steve Newberry, who worked closely with both executives during his own tenure at the NAB, sits down with them in an exclusive Forecast 2022 chat covering legal, regulatory, and legislative initiatives under the leadership of the NAB that have impacted the broadcast industry over the past 12 years, how they will shape and define its future, and what challenges and opportunities lie on the horizon.DON’T HESITATE ANY LONGER. ATTEND FORECAST 2022 BY REGISTERING NOW. Please Login to view this premium content. (Not a member? Join Today!)
The company’s shares were flirting with $167 in Friday’s trading on the Nasdaq GlobalSelect exchange. They bear a 1-year target estimate of $187.67.
For investors, getting in to Nexstar Media Group would involve purchasing the company’s stock at a record high, as NXST has surged from $57.73 in March 2020.
For Simply Wall St., snapping up shares today may still be beneficial. Why? Nexstar is going ex-Dividend next week.
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For Washington, D.C., area residents, a trip to the beach may involve a drive east on U.S. 50 and an excursion to the beaches of Delaware. Among the towns popular with those in the National Capital Region is Rehoboth Beach.
It is here that a 41-year old FM that is presently “The Talk of Delmarva” is being spun. And, the seller is a “resort” … sort of.
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On October 13, RBR+TVBR first reported on the conclusion of Entravision Communications’ licensing agreement with Univision Communications, with Univision opting not to renew the pact at year’s end. As such, Univision will take over the operations of the UniMás and Univision stations serving Orlando, Tampa, and Washington, D.C.
On Friday, it became known that audience measurement services in those three markets will be delivered to Univision exclusively by a company that continues to fuel its desire to compete head-on with Nielsen in the U.S. broadcast TV marketplace.
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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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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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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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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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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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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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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:
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
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!
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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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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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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“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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