Some five years after the COVID-19 pandemic wreaked havoc on the nation's mental, physical and financial health, the Radio industry is still suffering. That's the message being told to investors of one of the biggest audio content creation and distribution companies in the U.S., as it delivered its Q4 2024 results on Thursday.
As CEO Mike Steib and CFO Julie Heskett see it, TEGNA's financial strength and "disciplined execution" make it a standout broadcast television station owner, one ripe for growth and the right M&E activity as it nevertheless anticipates total Q1 2025 revenue to decline between 4% and 7%. As such, is TEGNA a buyer or seller?
The owner of such broadcast television stations as KGW-8 in Portland, Ore.; WTSP-10 in Tampa-St. Petersburg; and flagship WUSA-9 in Washington, D.C., enjoyed a 20% gain in revenue in the fourth quarter of 2024, helping it achieve full-year revenue growth of 7%. The big reason TEGNA saw the improvement is tied to political advertising.
One year ago, Cumulus Media initiated a “poison pill” defense to stave off the looming threat of a hostile takeover from billionaire Manoj Bhargava. Now Cumulus is quietly putting that shareholder rights plan to bed as the danger fades, per an SEC filing.
The year-over-year results mark an improvement. But, in the eyes of analysts, the revenue growth seen in Q4 2024 for Sinclair Inc. may not be good enough. That's what the company led by Chris Ripley has to contend with.
Through a Notice of Proposed Rulemaking, the Commission will consider additional actions it could take today to make sure TV viewers aren’t inundated by exceedingly loud commercials in the future.
Gray Media has inked an agreement that will allow it to simulcast five Memphis Grizzlies NBA games, in partnership with FanDuel Sports Network. The games will appear in Memphis, Nashville and Knoxville, starting March 12.
Audacy's Podcasts division has expanded its exclusive, multi-year sales and distribution partnership with CBS. The agreement now includes CBS Entertainment, CBS Media Ventures, CBS News, and CBS Studios podcast slates.
The FCC earlier this week took its first stab at investigating whether Radio is engaged in artist performance policies that do not comply with federal "Payola" regulations. On Wednesday, iHeartMedia responded to a formal letter of inquiry from Chairman Brendan Carr.
The man behind a radio and TV broadcast consulting firm specializing in remote control solutions, studio design and construction, antenna protection systems and ratings metrics has been selected as the recipient of the NAB's 2025 Radio Engineering Achievement Award.
The developer of visual in-car displays for radio led by Steve Newberry has signed a partnership with the publicly traded radio station owner to bring its messaging capabilities to 400 stations. Select markets will also introduce Quu’s Content Partnership sponsorships, creating new brand revenue opportunities.
The Chief Product Officer for Digital Products at Nexstar Media Group, the nation's biggest owner of broadcast TV stations, as the recipient of the NAB 2025 Digital Leadership Award. He'll receive the honor at the 2025 NAB Show in Las Vegas.
Atlanta-headquartered Gray Media will be the subject of notices of proposed rulemaking that seek public input on plans that would see a trio of the company's broadcast TV stations reverse their plans for an upgrade to a digital UHF channel.
Local Connected Television advertising firm Madhive has forged a partnership with Polk Automotive Solutions from S&P Global Mobility that seeks to create a vibrant local Connected TV marketplace for the U.S. auto industry.
Nielsen’s “3-minute” update to its PPM audio measurement is here, changing the way radio ratings are calculated. Stations will now receive full credit after just three minutes of listening within a quarter-hour—a shift expected to increase market-level radio audience growth by 24% and boost measurable ad impressions.
George Laughlin is not only the Chief Executive Officer of radio programming syndication company YEA Networks but also the owner of Dallas-based GAP Broadcasting. That licensee is now agreeing to part ways with an AM radio station in the Bayou State.
He's the General Manager of ABC affiliate KLKN-8 in Lincoln, Neb., and a lecturer in the University of Nebraska-Lincoln College of Journalism and Mass Communications. As of today, this broadcast television leader will also serve in the newly created role of Chief Revenue Officer at KLKN's parent company.
A closed-door luncheon at the Republican Study Committee held on Wednesday reportedly brought a topic of discussion to the RSC that's been a chatter subject among conservatives in recent months — Audacy Inc. The person leading the conversation at the RSC? Look no further than Brendan Carr.
So much for that voluntarily go-as-you-wish shift from the current ATSC 1.0 digital standard to the NEXTGEN TV-fueled ATSC 3.0 standard being rolled out across the country. The association representing the nation's biggest broadcast TV station owners wants a full shift to ATSC 3.0 in five years.
The Federal Election Commission has dismissed a complaint that alleged iHeartMedia’s nearly $1 million in podcast-related contributions to a super PAC supporting Senator Ted Cruz (R-TX) violated federal campaign finance laws.
