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Emmis Communications failed to meet Wall Street estimates for its fiscal third quarter. Weak national ad trends were to blame, says chairman and CEO Jeff Smulyan, who added that he expects radio to bounce back this year.
Emmis reported a fiscal third-quarter loss of $5.5 million, while revenue rose slightly from $91.2 million to $91.7 million, writes Mediaweek. In national advertising, Emmis lost 26 percent, far ahead of the 11 percent decline in its markets, executives said.
Emmis’s big challenges have been in the major markets, including New York, where Emmis lost 11 percent of its revenue. The overall radio market in New York slipped 5 percent in the quarter.
Other areas of struggle included Los Angeles and Chicago.
The Spanish Radio Association says Arbitron still has not addressed its concerns and research questions regarding the PPM and how “Hispanics are recruited and represented, and how the PPM panel is maintained.”
The SRA has been working with Arbitron in…
The Chicago Tribune’s new design will launch on Sept. 29, Tribune Co. chief operating officer Randy Michaels says. No details on the redesign have been released; the paper has already been decreasing its editorial pages to create a more even split…
Teens are not the best demo to target with cell phone advertising, according to a new study from comScore. Though they are cell phone-savvy, most of them - 70 percent - have their phones paid for by parents, which means…
CNN won its second night of coverage of the Democratic National Convention Tuesday. The network averaged 3.41 million viewers in the 8 p.m. to 11 p.m. time slot, despite the fact that Fox drew nearly even for the night.
Fox…
Generation Y is the most self-indulgent, Generation X is the most innovative, and Boomers are the most productive, while the “Silent Generation” and the “Greatest Generation” are the most admired, according to a recent survey by Harris Interactive, writes MarketingCharts.
Conducted for…
To encourage shoppers to buy more back-to-school items, retailers often implement “loss leader” strategies: that is, selling items at a loss or even giving them away in hopes that the reductions will attract shoppers who will then buy other, more…
