Category Archives: Radio
National study also contains insights on implications for radio
Most podcast users are millennial males, listen weekly, and engage with podcasts at home, according to a major new study by the University of Florida College of Journalism and Communications (UFCJC) and Futuri Media, a leading audience engagement and sales intelligence technology firm.
Results were presented at the National Association of Broadcasters’ NAB Show on April 9 as part of a panel discussion titled “Radio’s New Analytics: Understanding Listeners, Delivering Results.”
The study, which included a national survey and in-depth interviews, was conducted in February 2019 with 2,000 regular podcast users who listened to podcasts in the past six months, and 18 participants who gave in-depth interviews on their habits. The study did not define podcasting vs. other types of on-demand audio, and respondents self-identified as podcast listeners. The study results suggest that consumers now consider several types of on-demand audio to be podcasts.
While the study was not limited to those who use terrestrial radio, the sample was large enough that it delivered several insights on the radio format preferences of those who also listen to podcasts regularly.
The study found that nearly three-quarters of users have been listening to podcasts for less than three years and, on average, listen to 4 podcasts per week for either 30 or 60 minutes. Users listen to podcasts on multiple platforms, but YouTube is far and away the dominant platform (70%), followed by Spotify (34%), iTunes/Apple Podcasts app (33%), Pandora (30%), and Google Play music app (23%).
Not surprisingly, nearly 80% of survey respondents listen to podcasts on their mobile devices. What is somewhat surprising is that the users listen to podcast most frequently at home (3.9 on a 5-point frequency scale), followed by in vehicles (2.8/5).
Politics and Government podcasts are the most popular, with 15% listing it as their favorite genre. Music was next (11%) followed by interviews/conversations, comedy, sports and recreation, and non-fiction storytelling, cited by 8 – 9% of respondents.
Listeners trust their podcast hosts highly, prefer host-read ads, and look for creative, informative, humorous, and integrated podcast experiences. They want to listen to hosts who are authentic, feel like a friend, and share the users’ passions and beliefs.
The study also found that among radio listeners who listen to podcasts regularly, 25-34 is the top age cell with both spoken word and music formats, with spoken word format attracting a more male audience (73% vs. 27% female), and music formats having a more even, but female-leaning split (51% female to 49% male). The top five favorite radio formats for regularly podcast listeners surveyed were Classic Rock (11%), Hip-Hop/Rap (10.9%), Country (10.4%), News/Talk (9.7%), and Alternative Rock (6.6%)
The study, which was supported by Futuri Media and their POSTpodcasting system, was designed and executed by UFCJC Telecommunication Professor and Director of Media Consumer Research Sylvia Chan-Olmsted with the help of doctoral student Ms. Rang Wang on the survey and undergraduate students in a capstone class who helped conduct the interviews. More insights from the study can be found at http://bit.ly/2019podcaststudy
SOURCE: University of Florida and Futuri Media
Westwood One to utilize Nielsen National Media Impact to quantify the effect of adding Network Radio to Television Media Plans
Today, Nielsen (NYSE: NLSN) announced that Westwood One has expanded its relationship with Nielsen to license the national version of Nielsen Media Impact (NMI) powered by Nielsen’s Total Media Fusion. Nielsen Media Impact is a cross-platform media planning and optimization solution that helps clients understand total campaign reach, frequency, and duplication using advanced audience segments. NMI will enable Westwood One to demonstrate the value that its unique audiences bring to an advertiser’s media plan and illustrate radio’s substantial incremental reach.
“With Nielsen Media Impact, we can show our advertising partners the effect on overall campaign reach and frequency when money is moved between media,” said Suzanne Grimes, EVP, Marketing, CUMULUS MEDIA and President, Westwood One. “Advertisers will be able to access this tool through the groundbreaking Westwood One ROI Guarantee audio insights platform. It’s a new dimension in making media investments work smarter for marketers using radio, podcasting, and streaming to drive ROI. We welcome the opportunity to demonstrate the power of adding audio to a media plan, giving agencies and brands the information they need to understand the true value of our medium in driving sales.”
“We are pleased to welcome Westwood One as a subscriber for Nielsen National Media Impact,” said Brad Kelly, Managing Director, Nielsen Audio. “With NMI we now have a much clearer understanding of how radio and TV complement, supplement and amplify one another. Westwood One is well positioned to make the most of this extraordinary new tool and shine a bright spotlight on how AM/FM radio can deliver more consumers that advertisers seek.”
“Brands are looking for strategies to fortify and enhance their TV plans, and as America’s largest audio network, we can now demonstrate the incrementality of adding radio to a media plan,” said Pierre Bouvard, Chief Insights Officer at Cumulus | Westwood One. “Radio makes your TV better, and now we have proof via the gold standard of Nielsen total audience measurement.”
In 2018, Nielsen enhanced Nielsen Media Impact, the industry-leading cross-platform media planning solution, to include national radio. Nielsen’s national radio data within Nielsen Media Impact allows buyers and sellers to understand the value of radio as a medium at the national level, as well as the incremental reach achieved by including national radio in the media mix. With the national version of Nielsen Media Impact clients can plan and optimize media allocation and compare total radio, radio formats and radio owner groups with other national media (including TV, digital, print, cinema, and digital place-based media) in advanced audience segments.
Townsquare Reports Strong Fourth Quarter: Net Revenue Rises 12% And Adjusted EBITDA Increases 9%
Saga Communications, Inc. Reports 4th Quarter and Year End 2018 Results; Net Operating Revenue increased 4.7% for the Quarter and 5.7% for the Year
Saga Communications, Inc. (Nasdaq: SGA) today reported net revenue increased 4.7% to $32.9 million for the quarter ended December 31, 2018. Income from continuing operations before tax increased $2.3 million to $6.0 million compared to $3.7 million last year. Operating income increased $2.1 million to $6.0 million and station operating expense increased $523 thousand to $23.8 million for the quarter. Diluted earnings per share from continuing operations was $0.72/share in the fourth quarter of 2018 compared to $2.52/share during the same period in 2017. During the 4th quarter of 2017, the Company recognized an income tax benefit of $11.2 million compared to an income tax expense of $1.7 million for the same period in 2018. The income tax benefit in 2017 was primarily due to an $11.5 million reduction in our deferred tax liability as a result of the Tax Cuts and Jobs Act. Free cash flow from continuing operations was $5.9 million for the quarter ended December 31, 2018, compared to $6.6 million for the same period in 2017.
Net revenue increased 5.7% to $124.8 million for the twelve months ended December 31, 2018. Income from continuing operations before tax increased $3.1 million to $19.4 million compared to $16.3 million last year. Operating income increased $2.5 million to $19.7 million and station operating expense increased $6.0 million to $93.7 million for the twelve month period. Diluted earnings per share from continuing operations was $2.30/share for the twelve month period in 2018 compared to $3.77/share during the same period in 2017. Free cash flow from continuing operations was $19.5 million for the twelve months ended December 31, 2018, compared to $17.4 million for the same period in 2017.
On a same station basis for the twelve months ended December 31, 2018, net revenue increased 1.1% to $116.5 million. Operating income increased $2.6 million to $19.4 million and station operating expense increased $642 thousand to $86.0 million.
The Company had $44.7 million in cash on hand as of December 31, 2018, and $40.7 million as of March 11, 2019. The Company’s total bank debt was $20 million of December 31, 2018, and $15 million as of March 11, 2019. Including the recently announced $0.30 per share dividend which will be paid on March 29, 2019, the Company will have paid over $64 million in dividends since December 3, 2012.
The results for the twelve month period ended December 31, 2017, were affected by the sale of the Company’s television stations and purchase of radio stations in Charleston and Hilton Head, SC on September 1, 2017.
Capital expenditures from continuing operations were $1.5 million in the fourth quarter of 2018 which was flat with the same period in 2017. For the total year, capital expenditures from continuing operations were $5.9 million in 2018 compared to $6.3 million in 2017. The Company expects to spend approximately $5.0 to 5.5 million for capital expenditures during 2019.
The Company closed on its purchase of the assets of radio stations WOGK(FM), WNDT(FM), WNDD(FM) and WNDN(FM), from Ocala Broadcasting Corporation, LLC on December 31, 2018. All the stations serve the Gainesville-Ocala, Florida radio market.
Saga’s 2018 4th Quarter and Year End conference call will be on Tuesday, March 12, 2019, at 11:00 a.m. EDT. The dial-in number for the call is 612/288-0329. A transcript of the call will be posted to the Company’s website as soon as it is available after the call.
The Company requests that all parties that have a question that they would like to submit to the Company to please email the inquiry by 10:00 a.m. EDT on March 12, 2019, to SagaIR@sagacom.com. The Company will discuss, during the limited period of the conference call, those inquiries it deems of general relevance and interest. Only inquiries made in compliance with the foregoing will be discussed during the call.
SOURCE: Saga Communications
Revamped Nielsen Total Audience Report Packages An Unprecedented Look At Audience Behavior
Today, Nielsen (NYSE: NLSN) released a reimagined Nielsen Total Audience Report. The representative of first-quarter 2018, the industry-leading report offers a comprehensive view into the behaviors and stories developing across the dynamic media landscape. The Nielsen Total Audience Report expands upon its established cross-platform capabilities and provides a complete look at critical media sources and audience behaviors across both traditional and emerging platforms.
The redesigned report includes data on relevant subjects not featured in prior versions, including a detailed look at the usage of streaming content, as well as homes with a virtual multichannel video programming distributor (vMVPD) that provide streaming access to linear television. Additionally, the report features enhanced data from Nielsen’s wide-ranging suite of measurement solutions. This includes Nielsen’s Total Media Fusion, a cross-platform respondent-level dataset that best reflects activity on digital devices like smartphones and tablets, as well as Nielsen’s MediaTech Tender, a quarterly consumer tracking survey launched in first-quarter 2018.
“The way people consume content is vastly different from what it was five years ago, let alone 10 or 20,” said Peter Katsingris, SVP, Audience Insights, Nielsen. “Consumers have the luxury of more options now than ever before. They can watch videos or listen to music on their smartphone and then just as easily engage with completely different content on their television or radio—the opportunities for how marketers can reach them are endless. Understanding the trends of who aisconsuming content, what they’re consuming, and how are the foundations of the industry. Nielsen is uniquely positioned to accurately help the media ecosystem understand these behaviors.”
With the advertising industry shifting and the evolving way, marketers connect to audiences, understanding the evolution of the media and developing consumer habits is vital to marketers and media owners seeking to reach their best consumer. The revamped Nielsen Total Audience Report seeks to not only make sense of the relationship between consumers and the various sources of media but ultimately build the bridges that will empower media companies and advertisers to take full advantage of the growing opportunities to reach audiences.
Nielsen is committed to providing accurate and reliable third-party measurement and insight. The inclusion of these new datasets and capabilities into this updated report helps align it better with the shifting dynamics of consumer media behavior.
KEY NIELSEN TOTAL AUDIENCE REPORT INSIGHTS:
- 92% of U.S. adults listen to radio each week, the highest reach across platforms.
- On average, U.S. adults are spending over 11 hours a day connected to linear and digital media and almost six hours a day with video alone.
- Young adults 18-34 spend the largest percentage of time with TV-connected devices and digital devices compared to other demographics.
- Black adults are the heaviest users of media overall. Compared to the overall U.S., Hispanics listen to more radio, and Asian Americans spend more time with computers and tablets.
- Nearly three percent of TV homes subscribe to a vMVPD which includes “skinny bundles.”
- Almost 20% of consumers say they use a smart speaker in the household.
- Two-thirds of U.S. TV households have devices capable of streaming content to the TV set.
- One out of 10 minutes of television use in streaming capable homes is streaming to the TV set.
- Over 8 in 10 non-television households still view video content.
Download the report here.
Urban One, Inc. Second Quarter 2018 Results Conference Call
Urban One, Inc. (NASDAQ: UONEK; UONE) will be holding a conference call for investors, analysts and other interested parties to discuss its results for the second fiscal quarter of 2018.
The conference call is scheduled for Wednesday, August 08, 2018 at 10:00 a.m. EDT. To participate on this call, U.S. callers may dial toll-free 1-800-230-1085; international callers may dial direct (+1) 612-288-0337.
A replay of the conference call will be available from 12:00 p.m. EDT August 08, 2018 until 11:59 p.m. EDT August 11, 2018. Callers may access the replay by calling 1-800-475-6701; international callers may dial direct (+1) 320-365-3844. The replay Access Code is 452281. Access to live audio and a replay of the conference call will also be available on Urban One’s corporate website at www.urban1.com. The replay will be made available on the website for seven days after the call.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements represent management’s current expectations and are based upon information available to Urban One at the time of this release. These forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond Urban One’s control, that may cause the actual results to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially are described in Urban One’s reports on Forms 10-K, 10-Q, 8-K, S-3 and other filings with the Securities and Exchange Commission (the “SEC”). Urban One does not undertake any duty to update any forward-looking statements.
Urban One, Inc.
Phone Manufacturer to Unlock the FM Chip
TagStation LLC, the owner of the NextRadio® app, announced today that Samsung, the largest Android handset maker in the world, is the latest device OEM to continue its support for NextRadio by unlocking the FM Chip in upcoming smartphone models in the U.S. and Canada.
Many smartphones in the world are manufactured with hardware capable of receiving free FM radio signals. Market leaders like Samsung are taking the step of unlocking the FM Chip, which will allow Samsung users to connect directly with the NextRadio app, listen to their favorite local stations, and use less battery and less data than streaming radio apps.
“Samsung should be lauded for taking this important step,” said Paul Brenner, President of NextRadio powered by TagStation. “They are providing their customers a more engaging, immersive radio experience and, as importantly, a means to connect with life-saving information in emergencies.”
When cellular coverage is congested or unavailable, the FM Chip will provide life-saving information from local radio stations. On the heels of widespread natural disasters in Puerto Rico, Houston, and the Florida coast, calls have increased for all phone manufacturers to unlock the FM Chip in smartphones as a public safety necessity. Samsung joins LG, Motorola, and Alcatel in taking this step to both meet consumer demand and to provide a lifeline in emergency situations.
Quotidian Technical Highlights on Selected Radio Broadcasters Stocks — Liberty SiriusXM, Sirius XM, Entercom Communications, and Pandora MediaPosted by:Consultant, December - 03 - 2017
In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on LSXMA, SIRI, ETM, and P which is a click away at www.wallstequities.com/registration. Featured on WallStEquities.com today is the Radio Broadcasting industry, which consists of broadcasting stations, networks, and syndicates that transmit audio programming through AM, FM, and satellite radio channels. Equities under assessment this morning are The Liberty SiriusXM Group (NASDAQ: LSXMA), Sirius XM Holdings Inc. (NASDAQ: SIRI), Entercom Communications Corp. (NYSE: ETM), and Pandora Media Inc. (NYSE: P). Wall St. Equities has a wide array of free research reports which include today’s stock picks, register now to access them at www.wallstequities.com/registration
Liberty SiriusXM Group
On Thursday, shares in Colorado headquartered The Liberty SiriusXM Group recorded a trading volume of 816,297 shares, which was above their three months average volume of 505,510 shares. The stock ended at $40.77, declining 0.10% from the last trading session. The Company’s shares have gained 18.11% on a YTD basis. The stock is trading slightly below 200-day moving average by 0.55%. Furthermore, shares of Liberty SiriusXM have a Relative Strength Index (RSI) of 44.64.
On November 09th, 2017, Liberty Media Corporation, which comprises Liberty SiriusXM Group, announced the latter’s results for Q3 2017. Revenue for Q3 2017 was $1.4 billion, net income was $276 million, and diluted EPS was $0.06. Adjusted EBITDA was a quarterly record of $551 million, operating cash flow rose to $521 million, and free cash flow grew to a quarterly record of $434 million. Follow the link below to your free research report on LSXMA at www.wallstequities.com/registration/?symbol=LSXMA
Sirius XM Holdings
New York-headquartered Sirius XM Holdings Inc.’s stock finished yesterday’s session 0.36% higher at $5.50 with a total trading volume of 15.93 million shares. The Company’s shares have gained 1.10% in the last one month and 23.60% on a YTD basis. The stock is trading above its 200-day moving average by 3.02%. Furthermore, shares of Sirius XM, which provides satellite radio services in the US, have an RSI of 54.36.
On November 08th, 2017, Sirius XM announced a new line-up of exclusive programming for its Urban View channel on Sunday mornings. The new Sunday line-up features thought-provoking programming, including powerful sermons from today’s leading pastors, discussions on financial security, civics, health, wellness, and more. These new programs air Sundays on SiriusXM Urban View Channel 126, starting at 6:00 a.m. ET. The free technical report on SIRI can be accessed at www.wallstequities.com/registration/?symbol=SIRI
At the close of trading on Thursday, shares in Pennsylvania-based Entercom Communications Corp. saw a correction of 4.13%, ending the day at $11.60. The stock recorded a trading volume of 6.32 million shares, which was above its three months average volume of 3.39 million shares. The Company’s shares have advanced 4.98% in the last one month and 12.62% in the previous three months. The stock is trading 1.52% and 1.91% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Entercom Communications, which operates as a radio broadcasting company in the US, have an RSI of 51.08.
On November 22nd, 2017, Entercom Communications (ETM) and the Philadelphia Eagles announced a seven-year agreement to extend their 25-year partnership with SportsRadio 94.1 (WIP-FM) beginning with the 2018 NFL season. This deal is part of ETM’s strategy to expand on its position as the unrivaled leader in sports radio after the Company’s successful completion of its merger with CBS Radio. Sign up for free on Wall St. Equities and claim the latest report on ETM at www.wallstequities.com/registration/?symbol=ETM
California headquartered Pandora Media Inc.’s shares ended the day 1.38% lower at $5.00. A total volume of 10.38 million shares was traded, which was above their three months average volume of 8.76 million shares. The stock is trading 26.29% below its 50-day moving average. Additionally, shares of Pandora Media, which provides Internet music platform services in North America, have an RSI of 30.80.
On November 03rd, 2017, research firm SunTrust downgraded the Company’s stock rating from ‘Buy’ to ‘Hold’.
On November 07th, 2017, Pandora Media announced ‘Up Close’ with Luke Bryan, an intimate live concert experience celebrating the release of his sixth studio album, What Makes You Country, due out on December 08th, 2017. The live concert will be held on December 06th, 2017 at the Altman Building in New York City. Bryan curated an exclusive mixtape for the Company’s listeners to hear music from his new album and receive details on the free, live event. See the free research coverage on P at www.wallstequities.com/registration/?symbol=P
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Jacobs Media Strategies, jācapps and Sonic Ai Reveal New Online Study Showing Smart Speaker Penetration Set to Surge During 2017 Holiday Shopping SeasonPosted by:Consultant, November - 30 - 2017
Study also finds more than one in six online households already owns a voice-controlled smart speaker such as an Amazon Echo or Google Home
The “Alexa Revolution” continues. Detroit-based research and consulting firms Jacobs Media Strategies and jācapps, along with partner Sonic Ai, today revealed details from a new national online study showing that one in five (20%) respondents age 13 and older with Internet access plan to purchase a voice-controlled smart speaker such as an Amazon Echo or Google Home during the 2017 holiday season.
Notably, more than one in six online households (18%) now own at least one smart speaker, with 40% of this group already having two or more of the devices in their household. Smart speaker owners are also especially likely to purchase another of these voice command gadgets for themselves or as a gift this holiday season. In fact, six in ten smart speaker owners (61%) plan to purchase at least one more device during this all-important gift-buying cycle.
The study also shows that one in ten online households (11%) specifically owns an Alexa-enabled Amazon smart speaker such as the Echo, Echo Dot and Show devices; the majority of these owners (69%) have at least one Alexa “skill” enabled, while 45% have two or more Alexa “skills” enabled.
This study was designed by Jacobs Media Research Director, Jason Hollins. “New technologies such as the proliferation of smart speaker devices undoubtedly bring challenges to the AM/FM landscape, but with that comes vast opportunities for radio as well as audio consumers alike,” said Hollins.
Bob Kernen, COO of jācapps, notes, “With Black Friday and Cyber Monday now in the rearview mirror, both Amazon and Google continue to compete heavily to get as many of their smart speakers, now at their lowest price points ever, into as large a number of households as possible. This data strongly suggests smart speaker ownership will take off in the coming weeks.”
“Smart speakers are clearly the must-have gadget for the holidays. Like anything else, habits will form quickly which is the remarkable opportunity for broadcasters and podcasters. They need a smart audio strategy for smart speakers,” said Steve Goldstein, co-founder of Sonic Ai.
To download summary slides, visit:
From November 17 to November 21, 2017, Jacobs Media Strategies, jācapps, and Sonic Ai conducted a nationally representative web survey among 1,005 online respondents age 13 and older using the Survata Publisher Network. Survata’s full methodology can be found at survata.com/methodology.
About Jacobs Media Strategies
Jacobs Media Strategies is a Detroit-based research and consulting firm, specializing in work with commercial radio, public radio, and digital media companies to inspire innovation, as well as to generate audience and revenue growth.
jācapps is the leading developer of mobile applications for the radio industry. With over 1,100 apps developed generating more than 25 million downloads, jācapps focuses on creating strategic mobile solutions. Developing smart speaker skills is part of the company’s App Everywhere™ strategy, providing mobile connectivity on smartphones, in cars via Apple CarPlay, Android Auto, and Ford’s Smart Device Link.
About Sonic Ai
Sonic Ai is a partnership between jācapps and AmplifiMedia, designed to create smart speaker software for radio stations, podcasters and media companies for the Amazon Echo and Google Home voice assisted devices.
In the absence of large deals, Q3 2017 registered the lowest quarterly deal volume of the year…
U.S. broadcast station mergers and acquisitions volume reached $189.6 million in the third quarter of 2017, according to estimates from Kagan, a media research group within S&P Global Market Intelligence. This is the lowest quarterly deal volume of the year, but the previous two quarters were skewed by two billion-dollar deals. The volume of Q3 2017 is still higher than Q4 2016 volume ($116.1 million) and that of seven other quarters since 2008.
$123.0 million came from radio deals, with almost 50% attributable to the sector’s top deal. In the absence of bigger commercial deals, the largest radio deal of the quarter was announced on September 26 by non-commercial Educational Media Foundation, which agreed to pay $57.75 million($3.75 per pop) for three FM stations that Entercom Communications had to spin off after its merger with CBS Radio.
Q3’s second-largest radio deal was the $19.5 million sale of four AM and fourteen FM radio stations and two FM radio translators from Alpha Media LLC to Dick Broadcasting Company Inc. The stations are located in four small markets in Georgia and the Carolinas.
There were ten other radio transactions between $1.0 million and $7.0 million, with all other radio deals in Q3 worth less than $1.0 million.
In the top TV deal of the quarter, announced on July 21, OTA Broadcasting (PSP) LLC sold its two stations in the Palm Springs, California, market to Entravision Communications Corporation for $21.0 million. We estimate a 7.5x forward seller’s multiple, while Entravision reported a buyer’s multiple of less than 6.5x.
EVINE Live Inc. sold its TV station WWDP in the Boston market to WRNN-TV Associates Limited Partnership for $10.0 million. EVINE Live also entered into a $3.5 million channel-sharing agreement with WMFP, allowing NRJ TV to operate that station on one-third of WWDP’s spectrum.
London Broadcasting sold KTXD in Dallas to Cunningham Broadcasting Corporation, the local marketing agreement partner of Sinclair Broadcast Group Inc. for $9.5 million and Southern California License LLC sold KAZA in the Los Angeles market to Weigel Broadcasting Co. for $9.0 million. KAZA, which in April sold its spectrum at the Spectrum Incentive Auction, entered a channel-sharing agreement with KHTV-CD, owned by Venture Technologies Group LLC.
All other TV deals in Q3 registered $6 million each or less, bringing the total quarterly TV deal volume to $66.6 million.
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SOURCE S&P Global Market Intelligence