Page 6 - Perry Michael News Today

URBAN ONEs tardiness in filing its 2022 10-K annual report and first quarter 2023 10-Q quarterly report has prompted NASDAQ to issue another letter notifying the company that it is not in compliance with its listing requirements.URBAN ONE previously received a notice of noncompliance on APRIL 3rd due to the delay in filing the 2022 10-Q, and a subsequent filing on MAY 10th of a Form 12b-25 Notification of Late Filing for the first quarter report led to the new notification. The company has ...

In the face of pressure from CONGRESS and the introduction of a bill to have the NATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATION require auto makers to offer AM radio in all new vehicles, FORD has announced that it has reversed its decision to remove AM from its vehicles and will also offer software updates to restore AM to vehicles already sold without AM. The change of heart was announced in TWITTER posts from CEO JIM FARLEY on TUESDAY morning (5/23).The announcement et with approval from ...

DEPARTMENT OF STATE Bureau of Cyberspace and Digital Policy advisor and former NATIONAL TELECOMMUNICATIONS AND INFORMATION ADMINISTRATION Deputy Administrator ANNA GOMEZ has nominated by President BIDEN to the open Commissioner seat on the FEDERAL COMMUNICATIONS COMMISSION. GOMEZ is the second nominee advanced for the seat; GIGI SOHNs nomination for the post was torpedoed by opposition from Republicans, who opposed her position on net neutrality and work for the controversial LOCAST ...

IHEARTMEDIA Top 40 WKCI (KC101) and Hip Hop WKCI-HD2-W265DB (100.9 THE BEAT)/NEW HAVEN PD/Host ADAM RIVERS is adding duties as PD of sister Top 40 WKSS (KISS 95.7)/HARTFORD. RIVERS will report to iHEARTMEDIA/CONNECTICUT SVP/Programming JOEY BROOKS.Region Pres. STEVE HONEYCOMB said, “Over the past ten years, ADAM has done and amazing job programming KC101 while also serving as the APD and music director for KISS 95.7 and we are excited to see him evolve to Program Director of KISS ...

JOHN DEBELLA has announced his retirement after over 40 years hosting morning radio in PHILADELPHIA, most recently as morning host at BEASLEY Classic Rock WMGK after many years at sister WMMR. DEBELLAs last show on WMGK will air on JUNE 30th.“After 47 years on the radio, I really cant believe its coming to an end,” said DEBELLA. “Ive been extremely lucky to be able to work at a job I love, in a city I love, with a family that has supported and sacrificed a lot for me to ...

TOWNSQUARE MEDIA first quarter 2023 net revenue rose 3% year-over-year to $103.1 million, while net income fell from a gain of $2.7 million to a loss of $1.9 million (-14 cents/basic and diluted share), attributed to non-cash impairment charges. The bright spot for revenue was the Digital Advertising segment, up 15.4% to $33.7 million, while the Broadcast Advertising segment dipped 4.8% to $45.9 million and the Subscription Digital Marketing Solutions division dropped 1.3% to $21.6 ...

The finalists have been announced for the 2023 RADIO MERCURY AWARDS.“After coming out of a turbulent few years, one takeaway from this year’s judging is that comedy is back,” said VMLY&R Exec. Creative Dir. and RADIO MERCURY AWARDS Chief Judge SHERMAN WINFIELD. “It was great for the final round jury to hear agencies, clients and radio stations become comfortable again with combining humor and entertainment with their messaging.”“This year’s ...

WARNER MUSIC GROUP CORP. fiscal second quarter 2023 total revenue increased 2% (5% in constant currency) year-over-year to $1.4 billion, with recorded music revenue flat at $1.1 million, music publishing revenue up 12% to $257 million, and digital revenue up 1% to $942 million. Net income fell 60% to $37 million (6 cents/basic and diluted share), while Adjusted net income rose 5% to $116 million. OIBDA dipped 19% to $207 million, and Adjusted OIBDA rose 4% to $286 million. The labels top ...

Revenue jumped 73% year-over-year to $3.1 billion for LIVE NATION ENTERTAINMENT, with Adjusted Operating Income rising 53% to $320 million. Concert revenue rose 89% to $2.3 billion, with ticketing revenue rising 41% to $678 million and sponsorship and advertising revenue up 47% to $170.1 million.Pres./CEO MICHAEL RAPINO, in the companys earnings release, wrote, "2023 is off to a tremendous start.  For the first time in three years, all of our markets are fully open. The common ...

IHEARTMEDIA saw first quarter 2023 revenue dip 3.8% year-over-year to $811 million, with Consolidated Adjusted EBITDA down from $145 million to $93 million and GAAP Operating Income falling from a gain of $12 million to a loss of $49 million. Free Cash Flow dipped to negative $133 million. The companys earnings release noted that the results were slightly better than its guidance for the quarter. Multiplatform Group (including broadcast radio) revenue fell 7% to $529 million, with Segment ...