Page 2 - Perry Michael News Today

SONY MUSIC sales rose 16% year-over-year to ¥358.2 billion in Fiscal 2023 first quarter, credited to increased revenues from paid subscription streaming services (up 12% for recorded music to ¥164.9 billion and up 18% for music publishing to ¥41.6 billion) and the impact of foreign exchange rates.Operating income grew from ¥61 billion to ¥73.4 billion, while Adjusted OIBDA increased from ¥74.7 billion to ¥82.9 billion.The company projects a 6% increase for FY2023 ...

WARNER MUSIC GROUP CORP. fiscal third quarter 2023 total revenue rose 9% year-over-year to $1.6 billion, with recorded music revenue up 8% to $1.3 billion (including streaming revenue up by 6.3%), music publishing up 16% to $283 million (including streaming revenue up 27%), and digital revenue up 9% to $1 billion. Net income fell 1% to $124 million (23 cents/basic and diluted share), with OIBDA up 18% to $275 million.“Our Q3 results were driven by a wide diversity of music, and our ...

Second quarter 2023 revenue dipped 3.6% year-over-year to $920 million at iHEARTMEDIA, which the company quickly noted slightly beat its guidance of "down mid-single digits" for the quarter. Excluding political revenue, revenue declined 1.8%. Consolidated Adjusted EBITDA dropped from $237 million to $191 million, and GAAP Operating Income fell from a gain of $83 million to a loss of $897 million, which includes $961 million of non-cash intangible impairment charges.The companys ...

IHEARTMEDIA is buying Hot AC WAYV/ATLANTIC CITY, Top 40/Rhythmic WZBZ (99.3 THE BUZZ)/PLEASANTVILLE-ATLANTIC CITY, Classic Rock WZXL/WILDWOOD, NJ, and R&B WTTH/MARGATE CITY-ATLANTIC CITY from EQUITY COMMUNICATIONS for an undisclosed price.“iHEARTMEDIA is the multiplatform leader in audio built on the power of radio, and this acquisition underscores our commitment to broadcast radio’s continued growth and success as the no. 1 reach medium in the U.S. These stations have a long ...

ENTRAVISION COMMUNICATIONS CORPORATION second quarter net revenue increased 23% year-over-year to $273.4 million, but net income fell from a gain of $8.5 million to a loss of $2 million. Digital revenue led the way with a 32% jump to $229.9 million, boosted by acquisitions, with audio off 9% to $13.5 million and television down 8% to $29.9 million.“We delivered another strong quarter at ENTRAVISION with record quarterly revenue of $273.4 million, increasing 23% year-over-year,” ...

AUDACY net revenues slid 6.6% year-over-year to $298.5 million for second quarter 2023, with local spot revenue down 3.7%, national spot revenue off 16.6%, and digital revenues off 4% to $66.7 million, although local digital rose 7.1%. Operating loss widened from $23.3 million to $135.3 million, net loss widened from $773,000 to $125.8 million, and Adjusted EBITDA plummeted from $38.5 million to $14.4 million. Things arent looking up for third quarter, either, with the company reporting ...

Despite a 1.9% decline in its BELL MEDIA division revenues to C$805 million, BCE INC. second quarter 2023 revenue grew 3.5% to C$6.1 billion, but net earnings dropped 39.3% to C$397 million (37 cents/share). Advertising revenue dipped 9% but subscriber revenue, driven by the CRAVE streaming video service, rose 3.9% and digital revenue jumped 20%. The company does not break out its radio revenues in its earnings releases."BELLs Q2 results demonstrate that our consistent strong execution ...

BEASLEY BROADCAST GROUP saw net revenue for second quarter 2023 fall 2.1% year-over-year to $63.5 million, blamed on a drop in agency revenue. Operating loss was flat at $4.5 million, and net loss narrowed from $14.5 million to $10.4 million (35 cents/diluted share), with 2023s numbers including $10 million of non-cash impairment losses and 2022s including $8.6 million of non-cash impairment losses.CEO CAROLINE BEASLEY said, "Despite ongoing challenges related to the economy and ...

Its back to DALLAS for MATT MCCLEARIN, who is joining CUMULUS MEDIA Sports KTCK-A-F (SPORTSRADIO 96.7FM/1310 AM THE TICKET)/DALLAS-FORT WORTH to replace the retired NORM HITZGES as DONOVAN LEWIS co-host in middays 10a-1p (CT), MCCLEARIN has been hosting at sister Sports WJOX-F (JOX 94.5)/BIRMINGHAM and previously hosted weekends at THE TICKET and hosted at the former Sports KESN (ESPN 103.3).In addition, the station is filling the other midday time slot recently vacated by DAN MCDOWELL and ...

Second quarter 2023 revenue was flat year-over-year at $2.25 billion but net income rose 6% to $310 million (8 cents/diluted share) for SIRIUSXM. Adjusted EBITDA grew 3% to $702 million. Subscriber revenue rose 1% to $1.7 billion, while advertising revenue fell slightly from $452 million to $445 million. The SIRIUSXM division also saw revenue remaining flat at $1.7 billion, while the PANDORA and off-platform division revenue fell 1% to $528 million.As for subscriber counts, self-pay SIRIUSXM ...