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Industry News

Cumulus Q3 Results ‘Exceeded Expectations,’ Beat Street

Radio+Television Business Report
3 years 7 months ago

Just after Wednesday’s Closing Bell on Wall Street, Cumulus Media offered analysts and investors a look at its third quarter 2021 fiscal report card.

As CEO Mary Berner sees it, “third quarter results exceeded expectations across the board, despite the ongoing impacts of COVID-19.”

Dan Bongino A standoff in the name of solidarity for @CumulusMedia employees who were dismissed for not getting the COVID-19 vaccine has ended for talk host Dan Bongino. He returned to his @WestwoodOne  show today and is creating a fund for co-workers who said no to Cumulus’ vaccine mandate.

 

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Adam Jacobson

What’s The Secret Sauce For Small and Indie Broadcasters?

Radio+Television Business Report
3 years 7 months ago

From tornadoes and hurricanes to a pivotal November election and even a global pandemic, it turns out that everything is local. Perhaps no media does local better than small and independent broadcast operators.

What’s their secret sauce? Find out on November 16 as a panel of resourceful, savvy independent and smaller-market broadcasters share their view of the industry’s future from where they sit at Forecast 2022, the media industry’s Financial Summit.

Larry Patrick of media brokerage Patrick Communications and radio station licenseeLegend Communications invites you to join him and his guests:

  • John Caracciolo, President/CEO, JVC Broadcasting
  • Brian Lilly, CEO, Lilly Broadcasting
  • DuJuan McCoy, Owner, Circle City Broadcasting
  • Bayard H. “Bud” Walters, CEO, The Cromwell Group

A provocative conversation about local broadcasting, where ideas and opportunities are the name of the game, is on tap … and you’ll need to be present to hear what they have to say at this no-outside-press event.

There are other reasons why Larry Patrick will be attending Forecast 2022 Forecast brings together the best and brightest talent in broadcasting and advertising to forecast the coming year, and to discuss the trends and momentums that will affect ratings and revenue. From Washington to Wall Street, Forecast focuses on what’s ahead in the broadcast community’s future and how to prepare for its opportunities and challenges. Join today’s industry leaders and be part of the discussions and debates about what’s ahead for radio in 2022 and beyond. Register now!
RBR-TVBR

DraftKings and iHeart Ink ‘A Multifaceted’ Strategic Deal

Radio+Television Business Report
3 years 7 months ago

DraftKings is now the official odds supplier for iHeartMedia’s broadcast, digital, podcast and social platforms.

It’s thanks to a new agreement that allows DraftKings to co-create and distribute long-form content with iHeartMedia.

The agreement also means DraftKings will receive preferred access to iHeartMedia’s roster of on-air personalities.

Furthermore, DraftKings and iHeartMedia will collaborate around “a wide range of possible content development opportunities,” including the distribution of shows and segments across the company’s radio and digital properties and integrations within iHeartMedia’s live sports broadcasts.

DraftKings and iHeartMedia will also collaborate on a number of possible experiential opportunities for listeners and fans including providing cross platform interactive games.

“Customer engagement remains a primary focus for DraftKings, and this latest agreement with iHeartMedia amplifies our reach immensely to a dedicated audience that spans more than 160 markets across the country with the largest audio company in the U.S.,” said Matt Kalish, Co-founder and President of DraftKings North America. “Analytically tapping into iHeart’s coveted listenership while powering authentic betting content is a landmark moment for both organizations and precursor to new possibilities in media innovation.”

RBR-TVBR

Florida Licensee Faces $3,000 Forfeiture After Late Filing Penalty

Radio World
3 years 7 months ago

The Federal Communications Commission continues to hand out forfeitures to stations that fail to file their license renewal application on time.

Whether it’s only a few days late or nearly four months overdue, the FCC rules on license renewal application deadlines matter are clear: a broadcast station license renewal must be filed by the first day of the fourth calendar month before the license expires. For WPGS Inc., the deadline for filing a license renewal application for station WPGS(AM) in Mims, Fla., was Oct. 19, 2019. WPGS finally submitted the application on Jan. 31, 2020 — a day before the license outright expired on Feb. 1, 2020. The licensee did not provide an explanation, the Media Bureau said in its forfeiture order.

[Read: Sunshine State Licensee Agrees Penalty After Environmental Miss]

The FCC has some wiggle room on the amount a proposed forfeiture should be — based on the severity or length of the violation — but the base forfeiture amount for a violation like this is $3,000. In July 2021, the Media Bureau sent a Notice of Apparently Liability for Forfeiture to WPGS Inc. giving them 30 days to either pay or file a written statement asking for cancellation of the proposed forfeiture. As of Nov. 1, 2021, the licensee had not responded.

Accordingly, the Media Bureau released an order concluding that WPGS Inc. willfully violated the rules. The request for payment of the $3,000 still stands and is due before Dec. 1, 2021.

 

The post Florida Licensee Faces $3,000 Forfeiture After Late Filing Penalty appeared first on Radio World.

Susan Ashworth

TVSquared Appoints Wogan For Key Revenue Role

Radio+Television Business Report
3 years 7 months ago

Converged TV ad measurement and attribution firm TVSquared has a new Chief Revenue Officer.

At the same time, the company is welcoming a new SVP of Identity and Partnerships.

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RBR-TVBR

Emmis Founder Shares Career Success, Misses, In New Book

Radio+Television Business Report
3 years 7 months ago

He’s known across the media industry as the owner of a company that today is comprised of radio stations in Indianapolis, and Indianapolis Monthly magazine. In the past, it owned television stations, Top 40 stations in markets such as Washington, D.C., and Minneapolis, and even owned the Seattle Mariners Major League Baseball team — which he threatened to relocate as the old Kingdome wasn’t the most hospitable home for the franchise.

Jeff Smulyan has seen a lot in his career. Now, thanks to his teenage daughter, he’s collected his thoughts, put pen to paper, and has written a book that is set for a 2022 release.

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RBR-TVBR

WorldDAB Celebrates Receiver Sales Numbers

Radio World
3 years 7 months ago

WorldDAB says a total of 110 million DAB receivers have now been sold globally.

Twice a year, the organization — which positions DAB+ as “the core future platform for radio in Europe” — publishes an infographic that depicts trends for the digital radio format, including receiver sales, population coverage and road coverage.

It now has released its latest infographic.

It reports that over the past 12 months, the number of automotive DAB receivers sold surpassed 10 million for the first time, while consumer receiver sales totaled about 5 million units.

“The automotive DAB+ market has been transformed over the last two years,” the organization stated, “with DAB+ now a standard feature in over 89% of new cars in all key European markets.” It noted that the European Electronic Communications Code now requires new car radios in the EU to be capable of receiving digital terrestrial radio.

“In the consumer receiver market, the proportion of devices featuring DAB / DAB+ has also seen a sharp increase — from 28% two years ago to 42% in the second quarter of 2021. DAB sales are benefiting from strong marketing in Germany and the Netherlands, receiver regulation in Germany, France and Italy, and the emergence of new DAB markets including Belgium, Austria and the Czech Republic.”

Among other data points, WorldDAB said that digital radio reach “has achieved record levels in several markets, including the UK, Denmark, the Netherlands, Belgium and Australia,” and it cited growth patterns in the sales of consumer DAB+ receivers in countries like Italy, the Czech Republic and France and a number of other countries.

Below is one chart from the infographic; the full version is available on the WorldDAB website.

 

The post WorldDAB Celebrates Receiver Sales Numbers appeared first on Radio World.

RW Staff

Viant, Beachfront Partner Up For Programmatic Pact

Radio+Television Business Report
3 years 7 months ago

Ad software firm Viant and convergent TV advertising platform Beachfront have integrated Beachfront’s linear and connected TV inventory into Viant’s Adelphic software.

With the integration, Adelphic becomes the first demand-side platform (DSP) to support Beachfront’s linear TV inventory, which is enabled for real-time bidding.

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RBR-TVBR

Discovery Shares On The Rise Despite Q3 Miss

Radio+Television Business Report
3 years 7 months ago

Discovery Inc. shareholders appear to be satisfied with the company’s third quarter results, despite falling short on analysts’ EPS estimates and coming in just shy of the Zacks Consensus Estimate on revenue.

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Adam Jacobson

A New Ride For A ‘Serial Entrepreneur’

Radio+Television Business Report
3 years 7 months ago

He has served as President and as a board member of Firestone Communications, where he launched Spanish-language children’s cable television network Sorpresa. Most recently, he served as the co-founder and CEO of equestrian sports, culture and lifestyle network Ride TV.

Now, this “serial entrepreneur” has been tapped as a co-CEO alongside Lynn McBee of the television enterprise connected to the international environmental organization “dedicated to a more sustainable future worldwide.”

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Adam Jacobson

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