Cumulus Media (NASDAQ:CMLS) reported net revenues of $328M for the fourth quarter. 4Q revenue was positively impacted by healthy advertising trends across auto, healthcare and financial services, slightly offset by weakness across retail, tracking weaker holiday sales. EBITDA was $96M (+6% yoy), mostly driven by investments that took place earlier in the year, improving margins…
Life Time’s fourth-quarter EPS rose 13%, to $0.63, ahead of our and the consensus estimates of $0.62 and at the high end of management’s implied guidance of $0.61 to $0.63, although the upside versus consensus expectations came courtesy of a $0.015 benefit from a lower-than-expected tax rate. Membership trends were once again shy of expectations,…
NTT Communications will provide network, cloud, data connectivity and other innovations to meet McLaren’s need for an IT communications platform that delivers optimum performance to support its Formula 1 race team. McLaren-Honda and NTT Communications announce a 3 year partnership. Network, cloud, data connectivity and other high-tech innovations will push motorsport boundaries. McLaren-Honda has been…
This summer promises to be a big one for bitcoin. There are two major events taking place that are expected to have far reaching effects on the popular cryptocurrency. One of these involves the current goings on of world politics and economics while the other pertains to the digital currency on a more fundamental level….
Bitcoin has only been relevant on a large scale for a few years, and already there has been an active debate over how it should be classified as a unit of value. And this fall, that debate has reached its conclusion, at least for the time being, in two of the most influential financial markets…
As one of the biggest healthcare trends, Big Data is currently making rounds in the news. With the technology evolving faster than ever in the healthcare industry, companies in the sector have to deal with big data. In the latest issue of HP Matter, an online publication where some of the brightest minds in healthcare…
