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Industry News

Is Entravision An Undervalued Stock?

Radio+Television Business Report
3 years 9 months ago

As Zacks Equity Research sees it, “One company to watch right now is Entravision Communications.”

The company’s shares have been on the rise across 2021. Still, Zacks wonders if EVC is undervalued.

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Adam Jacobson

Cumulus Shares Suffering From A Three-Month Funk

Radio+Television Business Report
3 years 9 months ago

As the first half of 2021 ended, Cumulus Media could count itself among a select group of publicly traded broadcasters that were enjoying strong interest in investors on Wall Street. Shares reached $14.75 after bottoming out at $9 on May 4.

With hours remaining in trading on September 17, Cumulus shares are moving closer to that six-month low point, punctuating a 90-day decline for the company’s stock.

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Adam Jacobson

Smile! Townsquare Sells Michigan AM To Religious Operator

Radio+Television Business Report
3 years 9 months ago

It has been tied to the company’s Flint, Mich., radio stations yet has a signal that’s based in Lapeer and covers such Michigan towns as Sandusky and Almont, to the east of Port Huron and Midwestern Ontario.

Now, Townsquare Media has decided to part ways with this outlier. The buyer? A religious noncommercial broadcast operation.

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Adam Jacobson

LPTVs Advocate For LSJA

Radio+Television Business Report
3 years 9 months ago

WASHINGTON, D.C. — The recently launched nonprofit industry organization representing Low Power, Translator and Class A TV Stations is giving its seal of approval to the “Local Journalist Sustainability Act.”

Says association executive director Michael Lee, “This legislation is surely a sensible investment in the all-important issue of local media trust and transparency.”

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RBR-TVBR

Carolyn Becker Says Goodbye To Iowa Town

Radio+Television Business Report
3 years 9 months ago

Riverfront Broadcasting, led by Carolyn Becker, has attracted national attention for its operations in the Heartland of America.

With operations in such markets as Yankton, S.D., Riverfront is now scaling back in a small way. It is saying goodbye to an AM, FM and FM translator serving a small city in Iowa.

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Adam Jacobson

The Transactions Trickle of 2021: Brokers Matter

Radio+Television Business Report
3 years 9 months ago

Kagan, the media research group within the TMT offering of S&P Global Market Intelligence, has just released its review of all of the broadcast media transactions seen between January 1 and June 30, 2021.

For RBR+TVBR readers, the results aren’t much of a surprise. Yet, Kagan’s Volker Moerbitz’s assessment is still a striking one: the first half of 2021 registered a total deal volume that was less than the average monthly deal volume in any of the years between 2011 and 2019.

Thank the Lord for the brokers involved.

COMING OCTOBER 4: HAS COVID-19 FOREVER IMPACTED MEDIA DEAL VALUES?

 

The Fall 2021 RBR+TVBR Special Report, available to all subscribers of the RBR+TVBR Afternoon Headlines E-mail, features an in-depth report on the state of the transactions marketplace. Adam R Jacobson chats exclusively with some of the nation’s leading brokers, and gets their assessment of the deal-making landscape as 2022 nears. IT’S ONLY IN THE DIGITAL AND PRINT EDITIONS OF THE FALL 2021 RBR+TVBR!

Subscribe now to ensure you get your copy on October 4.

 

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Adam Jacobson

Locast Is Officially Dead, Thanks To Federal Judge’s Ruling

Radio+Television Business Report
3 years 9 months ago

Less than 48 hours after a New York Federal District Court Judge declined to honor its request for summary judgment in a case focused on copyright infringement brought against the operation by the nation’s “Big Four” broadcast TV networks, Locast on September 2 suspended its operations.

Now, that suspension has become a permanent cessation of business activities, thanks to a ruling Wednesday from the 93-year-old judge overseeing the case.

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Adam Jacobson

Radio’s Latest Centennial Celebration Comes To Boston

Radio+Television Business Report
3 years 9 months ago

Nearly one year ago, the radio industry, along with the NAB, started their salute to Radio’s 100 years of service in the United States. While radio stations exited in the 1910s, it was the might of Westinghouse and its KDKA in Pittsburgh that brought Radio into the 1920s as a force to be reckoned with.

One of those early radio stations that predates KDKA didn’t get its commercial license until its relocation to Boston in 1931. Before then, it was located in Springfield, Mass.

That could explain why the current owner of that Bay State giant, WBZ-AM 1030, is sparking a 100-day centennial celebration for the station on Sunday.

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Adam Jacobson

‘Permanent Changes’ to Media Perception, Consumption, Revenue: What’s Next?

Radio+Television Business Report
3 years 9 months ago

A provider of AI-driven audience engagement and sales intelligence solutions for media has unveiled a selection of principal conclusions from a just-released study conducted in partnership with SmithGeiger.

The biggest finding? There are “tectonic shifts” in how Americans perceive, consume and pay for media content. There are also big changes in how media executives see the sector progressing into the 2020s, putting clouds over their confidence in their ability to address emerging challenges.

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Adam Jacobson

Kristen Delaney to Retire from iHeart Albany

Radio World
3 years 9 months ago

From the People News page: Kristen Delaney will retire from iHeartMedia Albany at the end of the year.

She is area president for iHeartMedia Albany, a position she has held for more than 10 years, overseeing 15 stations in Albany, Poughkeepsie and Sussex, N.J.

According to a company summary of her career, she began in broadcasting in 1989 as an account executive in Utica, N.Y., and worked in sales until 1996 when she was promoted to local sales manager.

[Visit Radio World’s People News Page]

She joined what was then Clear Channel Radio in 1999 in a general sales manager role in Albany, and later was director of sales and then market manager there.

She is also on the board of the New York State Broadcasters Association and the Capital District Radio Association.

“Throughout her time at iHeartMedia, Delaney, along with her teams, helped raise millions of dollars for the Bernard & Millie Duker Children’s Hospital at Albany Medical Center and WGY’s Christmas Wish,” the company said.

iHeartMedia Markets Group President Hartley Adkins was quoted in the announcement saying, “Rarely do you see someone so inspiring and skilled at their profession as Kristen Delaney.”

Send news of engineering and executive personnel changes to radioworld@futurenet.com.

 

The post Kristen Delaney to Retire from iHeart Albany appeared first on Radio World.

RW Staff

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