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Tegna Reports Lower Second-Quarter Net
Subscription revenue up 13%Tegna reports lower second quarter earnings as costs increased more than revenue.Net income was $79.955 million million, or 37 cents a share, down from $92.512 million, or 43...
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Disney Reports Lower Earnings for Q3
Cable network income upThe Walt Disney Co. reported lower earnings as it worked to absorb assets acquired from 21st Century Fox and ramped up its direct-to-consumer streaming products.Net income was...
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Comscore Reports Wider Loss in Second Quarter
Revenue drops 4.4%Comscore reported a larger loss in the second quarter as revenue at the struggling measurement company declined.The company’s net loss was $279.5 million, or $4.61 per share, compared...
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Nexstar Media Reports Lower 2nd-Quarter Earnings
Political ads pull down revenueNexstar Media Group reported lower second-quarter earnings as the absence of political advertising reduced revenue.Net income dropped 18.3% to $70.7 million, or $1.42 per...
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Sinclair Reports Higher Second-Quarter Earnings
Revenue increased 5.6%Sinclair Broadcast Group reported higher second-quarter earnings as revenue rose. Net income increased to $42 million, or 45 cents a share, from $28 million, or 27 cents a year...
View ArticleFox Reports Lower Fourth-Quarter Net
Ad revenues down 6%Fox reported lower earnings in its fiscal fourth quarter as ad revenues declined and corporate expenses were greater as a new, standalone company.Net income dropped to $454 million,...
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Viacom: No Word on CBS, But 3Q Earnings Increase
Ad revenue turns positive, up 6% domesticallyViacom reported higher earnings in the quarter, but remained quiet about a potential combination with CBS.The company also delivered the long-promised...
View ArticleCBS Reports Higher Earnings But No Merger
March Madness helps ad sales rise 7%CBS reported higher second-quarter earnings, but remained quiet about a possible combination with Viacom.Net earnings rose 10% to $440 million, or $1.17 a share,...
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Scripps Reports 2Q Loss on Acquisition Costs
Revenue up 19%E.W. Scripps Co. reported a loss in the second-quarter because of higher interest and other costs from acquisitions.The company lost $366,000 in the quarter, or 1 cent per share, compared...
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Univision Reports Lower Net in Second Quarter
Ad revenue down 2%Univision reported lower second-quarter net income as revenue declined.In July, Univision announced that its board had initiated a strategic review of the company’s operations, which...
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AMC Networks Reports Higher Third-Quarter Net
Charter to launch AMC Premiere and SVOD ServicesAMC also announced a new carriage agreement with Charter Communication. As part of the deal, Charter will launch all of its subscription video on demand...
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More Turnover at Comscore as Livek Becomes CEO
Company reports $11M loss and lower revenuesBill LivekTroubled measurement company Comscore announced that Bill Livek has been named CEO as the company reported a loss for the third quarter and a...
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Nexstar Reports 3Q Loss on Tribune Acquisition Costs
Ad revenue, excluding political, up 11.2%Nexstar Media Group reported a loss in the third-quarter because of cost associated with its acquisition of Tribune Media and other charges.The net loss was...
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Univision Communications Reports 3rd-Quarter Profit
Revenue rises 8.5%Univision Communications reported third-quarter profit after reporting losses a year ago.Net income was $77.4 million, compared to an $83.8 million loss a year ago that included $96...
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Fox Reports Lower Net Earnings in First Quarter
Affiliate revenue up 4%, advertising down 2%Fox reported lower profits in its first fiscal quarter despite gains at its cable programming and television businesses.Net income dropped to $499 million,...
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Discovery Reports Higher Third-Quarter Earnings
Domestic ad sales up 3%; distribution revenue up 6%Discovery reported higher third-quarter earnings on strong results at its U.S. networks and a drop in restructuring costs and interest expenses.Net...
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Disney Profits Fall Before Streaming Service Launch
Revenues up 34%, reflecting addition of Fox assetsThe Walt Disney Co. reported lower fiscal fourth-quarter profits as it geared up to launch its Disney+ streaming service next week.Net income fell to...
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CBS Reports Lower 3rd-Quarter Net Income
Ad revenue down 7%CBS reported lower earnings as it approaches its merger with Viacom.Third-quarter net earnings were $319 million, or 85 cents a share, down from $488 million, or $1.29 a share, a year...
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Viacom Earnings Drop Before Merger With CBS
Domestic advertising up 6%Viacom reported lower fiscal fourth-quarter profits as revenue fell and costs rose as it prepared to close its merger with CBS.Net earnings dropped 22% to $307 million, or 76...
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Netflix Adds 8.8M Subs in Fourth Quarter
Despite new rivals, earnings, revenues riseNetflix said it added 8.8 million additional global subscribers as net income and revenue rose in the fourth quarter.Net income was $587 million, or $1.30 per...
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NBCU Reports Lower Fourth-Quarter Earnings
Comcast sees gains in profits, revenueNBCUnversal’s fourth-quarter profits fell as revenue declined 2.6% because of a drop in its filmed entertainment business, according to an earnings report by...
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AT&T Earnings Down as it Gears Up for HBO Max
$1.2B in content revenue foregoneAT&T reported lower fourth-quarter profits as it gave up revenue in order to stockpile content for the upcoming launch of its HBO Max streaming service.Net income...
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Fox Reports Higher Earnings in Q2
Revenue up 5%Fox Corp. reported higher profits for its second fiscal quarter led by its cable network group.Net income rose to $300 million, or 48 cents a share, from $8 million, or 1 cent, a year ago....
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Tegna Reports Lower Earnings for 4th Quarter
Broadcaster sees record 2020Tegna reported lower earnings in the fourth quarter but predicted a record year in 2020 when political ad spending returns.Net income from continuing operations was $84...
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ViacomCBS to Launch New Streaming Service
Reports 4th quarter loss as revenue declinesViacomCBS said it plans to expand its streaming business with a new broad pay “House of Brands” product that will expand CBS All Access.The new service will...
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AMC Networks Reports Loss for Fourth Quarter
Domestic ad revenue down 7.8%AMC reported a loss in the fourth quarter as domestic ad revenue dropped and the company took charges at its international business.AMC had a net loss of $9 million, or 15...
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Sinclair Reports Drop in Fourth-Quarter Net Income
Revenue up 82%Sinclair Broadcast Group reported lower fourth quarter earnings reflecting the cost of getting into the regional sports network business.Net income was $44 million, or 47 cents a share,...
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Nielsen Reports $109M Loss in Fourth Quarter
Audience measurement revenue rose 0.8%Nielsen reported a loss in the fourth quarter as the company prepared to split into two companies under pressure from shareholders.Net loss for the fourth quarter...
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Gray Reports Lower Earnings For Fourth Quarter
Revenue up 77% following Raycom acquisitionGray Television, which acquired Raycom Media last year, reported lower earnings despite a jump in revenue to record levels.Net income was $81 million, or 81...
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Fourth-Quarter Earnings Increase at Discovery
Revenue rises 2%Discovery reported higher fourth-quarter earnings as income tax and and restructuring charges dropped.Net income rose 77% to $476 million, or 67 cents per share, from $269 million, or...
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Univision Turns a Profit During Fourth Quarter
Core TV ad revenue up 5%Univision Communications swung to a profit in the fourth quarter.An investment group led by former Viacom CFO Wade Davis this week agreed to buy a majority stake in the...
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Comscore Reports Smaller Loss for Fourth Quarter
Revenue down 13% to $95.2Comscore, looking to recover after setting fraud charges and management turnover, reported a narrower loss in the fourth quarter. The net loss was $21.4 million, or 31 cents...
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E.W. Scripps Reports Lower 4th Quarter Earnings
Acquisitions drive 21% gain in revenueThe E.W. Scripps Co. reported lower fourth-quarter profits following the acquisitions of 26 stations in 2019.Net income fell to $10.6 million, or 13 cents a share,...
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Discovery Withdraws Financial Guidance After Olympics Move
Company expected $175M-$200M 3Q LossAfter the coronavirus crisis forced the summer Olympics to be postponed, Discovery, which holds the European TV rights to the games, withdrew its guidance to...
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ViacomCBS Pulls Financial Guidance Amid Virus Crisis
Company still expects 16M U.S. streaming subs and 30M Pluto usersViacomCBS said that because of global concern about the Coronavirus crisis, the company was withdrawing its guidance to Wall Street...
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AMC Networks Withdraws Guidance on Earnings
Company says COVID-19 pandemic makes making predictions challengingAMC Networks became the latest media company to withdraw its previous financial guidance in the face of the COVID-19 pandemic.AMC's...
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Netflix Sees Big Sub Gains With Viewers Stuck Home
1Q earnings rise and cash-flow turns positiveNetflix reported a big jump in subscribers as the coronavirus kept viewers home worldwide.The company’s first quarter earnings were up, but revenues were...
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AT&T Reports Higher Earnings Despite COVID Disruptions
Ad revenue, TV subscribers lowerAT&T reported higher earnings in the first quarter, despite the effects of the Coronavirus, which created higher costs and cut into earnings.Net income rose 11.8% to...
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Nielsen Reports Net Loss For First Quarter
Because of the epidemic, revenue is expected to be down for 2020Nielsen reported a first-quarter loss and said that because of the COVID-19 pandemic, it expects revenue to be down for the year and...
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Comcast Earnings Fall Amid COVID-19 Pandemic
Second-quarter expected to be hurt as economic conditions deteriorateComcast reported a 40% drop in first-quarter earnings as the Coronavirus crisis impacted revenues and costs.The company said its...
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AMC Networks Expects 30% Drop in Ad Revenues in 2Q
First-quarter earnings down 52%AMC Networks reported that the Coronavirus pandemic pushed first quarter profits lower, though the company said it’s liquidity remains solid.For the second quarter the...
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Discovery Reports Lower First-Quarter Net Income
April ad revenues down 20%Discovery reported lower first quarter profits as international revenue declined.Net income was down 2% to $377 million, or 55 cents a share, from $384 million, or 53 cents a...
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Acquisition Drives Nexstar’s First-Quarter Net Higher
Company withdraws cash-flow guidance as COVID impacts ad revenueNexstar reported higher first-quarter profits revenue with the acquisition of Tribune Media included in this year’s results.Net income...
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Fox Reports Higher Third-Quarter Earnings
Revenues up 5%Fox reported higher net income in its fiscal third quarter, led by its cable programming operations.Net income rose to $314 million, or 48 cents a share from $24 million. The increase...
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Gray Television Reports Higher First Quarter Net
Local advertising down 6%Gray Television reported positive net income in the first quarter, reversing a year ago loss, but warned that the COVID-19 pandemic was having a negative impact on its...
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Dish Loses 413,000 Pay-TV Subscribers
First-quarter earnings fall, revenue upDish Network Corp. reported lower earnings as it continued to lose subscribers.Net earnings fell to $73 million, or 13 cents a share, from $340 million, or 65...
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ViacomCBS Earnings Fall in Fiscal First Quarter
Revenue down 6%ViacomCBS reported lower fiscal first-quarter earnings with tough comparisons to a year ago when it aired the Super Bowl and March Madness.Net earnings were $516 million or 84 cents a...
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Tegna Reports Higher First-Quarter Earnings
Revenue up 32%Tegna reported higher earrings for the first quarter, driven by acquisition and political advertising spending.Net income rose 16.7% to $86.3 million, or 39 cents a share, compared to...
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Univision Reports Lower First-Quarter Earnings
Ad revenue down 2%Univision reported lower first-quarter earnings because of impairment charges as revenue rose.Net income fell to $11.7 million from $24.3 million. The results included a cash...
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E.W. Scripps Reports Larger First-Quarter Loss
Adjusted core ad revenue down 8%The net loss was $11.8 million, or 15 cents a share, compared to a loss of $6.8 million, or 8 cents a share a year ago. The current quarter loss including $3.7 million...
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