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Stingray Reports Third Quarter 2021 Results
Stingray Group Inc.February 3, 2021 GMT
Third Quarter Highlights
Revenues decreased 10.8% to $72.6 million from $81.3 million, primarily due to the impact of the COVID-19 pandemic on Radio revenues
Broadcasting and Commercial Music revenues increased 0.7% and Radio revenues decreased 21.8%, beating the Canadian Radio market in most comparable measures
Marked organic growth of 6.3% in Broadcast and Recurring Commercial Music revenues(1) excluding the impact of foreign exchange and impressive organic growth of 13.7% in the United States
Operating expenses materially decreased by 20.7% to $40.6 million from $51.2 million
ONE Media Launches STIRR Radio App In Seattle tvnewscheck.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tvnewscheck.com Daily Mail and Mail on Sunday newspapers.
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SEATTLE, Dec. 22, 2020 /PRNewswire/ Television viewers in the nation s 14th largest TV market can now get a taste of the future as ONE Media 3.0, a wholly-owned subsidiary of Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), announced that it has combined both television and radio services for delivery in Seattle using the revolutionary NEXTGEN TV standard.
Consumers can now begin receiving both television and radio programming in the new format. Using radio content from its over-the-top Internet service, STIRR, the audio channels will be available for free immediately to anyone with a NEXTGEN television set connected to the Web. Included among the radio channels will be Stingray Hits List, Stingray Hot Country, Stingray Latin Hits and a dozen others. The new service coincides with the launch of seven television stations using the new digital standard.