Industry News

Lindner says companies need rigor in their management of costs

The post Establish a Baseline, Then Jump In appeared first on Radio World.

Jeff Winemiller and his Lowcountry 34 Media are at it again when it comes to buying and selling low-power television stations. This time around, the entrepreneur has signed off on two agreements that involve facility sales. One of the buyers is HC2 Station Group.

The owner of a Class D AM radio station serving the Southwest Corner of Missouri and towns near Joplin is coming to terms with the collapse of its 75-year-old radio tower, and what to do next.

The media company superserving African American consumers led by Alfred Liggins III has decided to host its third quarter earnings call directly opposite that of the nation's No. 1 owner of broadcast TV stations — and on the same day iHeartMedia, Saga Communications and TEGNA each release their respective Q3 reports.

"We have made significant progress on our plan to create a more sustainable future following challenging industry wide conditions and increased competitive intensity this past year." That's what Corus Entertainment co-Chief Executive Officer Troy Reeb said as total fiscal Q4 revenue was off 21% year-over-year while profits dipped by 9%. The Radio segment had a particularly difficult quarter.

In mid-July, the woman serving as the independent executor of the estate of John B. Walton signed off on the sale of two AM radio stations, a full-power FM station, and two FM translators serving Ruidoso, N. Mex. The transaction, brokered by Kalil & Co., has now formally closed.

Canada's largest multimedia company, owner of radio stations including flagship CHFI-FM in Toronto and an array of broadcast and cable brands including CityTV, SportsNet and CityNews, has released its third quarter earnings report for fiscal 2024. And, its earnings per share fell short of analysts' estimates by some 14%.

The nation's No. 1 owner of broadcast TV stations already enjoys the highest valuation of any publicly traded media company on the stock market. Now, Nexstar Media Group can revel in the fact that it has pushed its stock price back to a level last seen in early August.

As "Jen Myers," she was a key air personality for "Y98" in St. Louis and began her career some 25 years ago in Buffalo. In 2022 she stepped down to focus on fighting breast cancer. That battle concluded on Thursday.

In Rosemary Ravinal's view, the truth is that many bosses use jargon-filled language to conceal their weaknesses or fears. Yet, she says, no amount of colorful language can compensate for the lack of leadership and know-how.