Core Insights - MediaCo Holding Inc. has reported strong year-end audience growth across its radio portfolio, highlighting its position as one of the fastest-growing audio companies in the U.S. [1] - The growth is attributed to increased listening and expanded reach, particularly among the Adults 25–54 demographic [1] - Notable performance was observed during weekday Prime listening hours, indicating sustained strength in audience engagement [1] Audience Growth - The company experienced significant year-over-year performance improvements in key markets [1] - The focus on the Adults 25–54 demographic reflects a strategic alignment with advertisers targeting this age group [1] Market Position - MediaCo's growth reinforces its competitive position within the audio industry, showcasing its ability to attract and retain listeners [1] - The results underscore the effectiveness of the company's strategies in enhancing audience reach and engagement [1]

Core Viewpoint - Saga Communications, Inc. has repurchased 184,215 shares of its common stock for approximately $2.1 million, reflecting a commitment to shareholder value and confidence in its long-term strategy [1][2]. Group 1: Stock Repurchase Details - The repurchased shares were acquired at a price of $11.50 per share, representing about 2.8% of the company's outstanding common stock, which totals 6,556,621 shares as of December 11, 2025 [1]. - After the transaction, the repurchased shares were returned to treasury and are no longer outstanding [1]. Group 2: Management Commentary - The Chief Financial Officer, Samuel Bush, emphasized the importance of this stock repurchase as a demonstration of the company's financial strength and commitment to disciplined capital allocation [2]. - The transaction is intended to provide greater flexibility in managing the company's capital structure while aiming to generate meaningful returns for stakeholders [2]. Group 3: Company Overview - Saga Communications operates in the media sector, providing services such as radio, digital, e-commerce, and local online news across 28 markets [2]. - The company serves national, regional, and local advertisers, addressing their growing advertising needs [2].

Core Insights - Saga Communications, Inc. reported a net revenue decrease of 1.8% to $28.2 million for Q3 2025 compared to $28.7 million in Q3 2024, primarily due to increased operating expenses related to a music licensing settlement [1][2] - The company experienced an operating loss of $626 thousand in Q3 2025, a significant decline from an operating income of $1.6 million in the same quarter last year [1][2] - For the nine-month period ending September 30, 2025, net revenue decreased by 3.7% to $80.6 million compared to $83.7 million in the previous year [2][3] Financial Performance - Q3 2025 station operating expenses rose by $2.0 million or 8.7% to $24.7 million, largely due to a retroactive rate adjustment of approximately $2.1 million from music licensing organizations [1][2] - Without the impact of the music licensing settlement, the operating loss would have been an operating income of $1.5 million, and station operating income would have been $5.6 million [1][2] - For the nine-month period, station operating income decreased by 23.0% to $11.7 million, with an operating loss of $1.5 million compared to an operating income of $1.4 million in the previous year [2][3] Capital Expenditures and Dividends - Capital expenditures for Q3 2025 were $600 thousand, unchanged from the same period last year, while total capital expenditures for the nine-month period were $2.6 million, down from $3.2 million [1][2] - The company paid a quarterly dividend of $0.25 per share on September 19, 2025, totaling approximately $1.6 million, and has paid over $140 million in dividends since 2012 [6][7] Balance Sheet and Cash Flow - As of September 30, 2025, the company had $26.3 million in cash and short-term investments, which increased to $34.2 million by November 3, 2025 [7] - The company expects to spend approximately $3.25 to $3.75 million on capital expenditures during 2025 [7] Political Revenue - Gross political revenue for Q3 2025 was $73 thousand, a significant decrease from $677 thousand in the same period last year, and for the nine-month period, it was $395 thousand compared to $1.3 million [4]

Core Insights - The National Association of Broadcasters (NAB) held the 2025 NAB Marconi Radio Awards to honor excellence in radio, showcasing the industry's enduring impact [1][3] Event Details - The awards ceremony took place at the Edison Ballroom on the eve of NAB Show New York, hosted by Danielle Monaro and Medha Gandhi, featuring DJ Scratch [2][3] - The event celebrated various categories, recognizing outstanding achievements in radio stations and personalities [2][3] Award Winners - Legendary Station of the Year: WMMR-FM, Philadelphia, Pa. [3] - Legendary Radio Manager of the Year: Nick Martin, Big River Broadcasting Corp, Florence, Ala. [3] - Network/Syndicated Personality of the Year: Colin Cowherd, Premiere Radio Networks, Inc., Los Angeles, Calif. [3] - Major Market Personality of the Year: Preston Elliot and Steve Morrison, WMMR-FM, Philadelphia, Pa. [4] - Large Market Personality of the Year: Mitch Albom, WJR-AM, Detroit, Mich. [4] - Medium Market Personality of the Year: Larry Hansgen, WHIO-FM, Dayton, Ohio [4] - Small Market Personality of the Year: Mark Starling, WWNC-AM, Asheville, N.C. [4] - Best Radio Podcast of the Year: "Behind the Song", Hubbard Broadcasting, Chicago, Ill. [5] Additional Award Categories - AC Station of the Year: WWBX-FM, Boston, Mass. [6] - CHR Station of the Year: WDJX-FM, Louisville, Ky. [6] - Classic Hits Station of the Year: WOMC-FM, Detroit, Mich. [6] - College Radio Station of the Year: WRHU-FM, Hofstra University, Hempstead, N.Y. [6] - Country Station of the Year: KYGO-FM, Denver, Colo. [6] - News/Talk Station of the Year: WBAL-AM, Baltimore, Md. [6] - Religious Station of the Year: WPZE-FM, Atlanta, Ga. [6] - Rock Station of the Year: WDRV-FM, Chicago, Ill. [6] - Spanish Language Station of the Year: WMIA-FM, Miami, Fla. [6] - Sports Station of the Year: WXYT-FM, Detroit, Mich. [7] - Urban Station of the Year: KMJQ-FM, Houston, Texas [7] Selection Process - Marconi finalists were selected by a committee of broadcasters, with winners determined by the NAB Marconi Radio Awards Selection Academy [8] NAB Show New York - NAB Show New York is scheduled for October 22-23, 2025, at the Javits Center, focusing on content creation for various media platforms [9] - The event serves as a key gathering for content creators and media production experts [9] About NAB - The National Association of Broadcasters advocates for the interests of broadcasters in legislative, regulatory, and public affairs, promoting innovation and community service [10]

Core Insights - The article discusses Andrew Ross Sorkin's new book "1929," which explores the events leading to the Great Crash of 1929 and its cultural impact on society [1][2][17] - The narrative highlights how the stock market dominated the culture of the time, with widespread participation from various social classes, including billionaires and everyday citizens [3][4][5] Group 1: Cultural Impact and Participation - The stock market was a central aspect of American culture in 1929, with significant involvement from the elite and the general public [3][4] - The book illustrates that many prominent figures, including Groucho Marx, were heavily affected by the market's downturn, showcasing the widespread nature of the crisis [4][14] - The optimism of the era was fueled by technological advancements, leading to a belief that capitalism could elevate everyone to millionaire status [5][6] Group 2: Key Figures and Their Roles - Charlie Mitchell, a significant figure in the financial landscape, promoted the idea of democratizing finance and was instrumental in the creation of modern credit systems [7][10] - Contrasting views emerged from various financial leaders, with some, like Charles Merrill, advising caution as early as 1928, while others believed the market was stable [9][11] - The book details the actions and decisions of influential figures during the crash, including Carter Glass, who warned against the practices that led to the financial collapse [10][12] Group 3: Market Dynamics and Policy Responses - The article emphasizes that the market's decline was not a singular event but a series of failures and poor policy decisions that followed the crash [13][16] - By the end of 1929, the stock market was only down 17%, indicating that the initial impact was not as severe as commonly perceived [13] - The lack of regulatory frameworks at the time, such as the absence of the SEC, contributed to the chaotic trading environment [15][16]