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Change of Strategy: Emerald Board Tells Company Managers to Buy Stock…Theirs

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Emerald Holding logo

Emerald Holding, Inc. (Formerly Emerald Expositions Events, Inc.) [NYSE: EEX], the company that owns the CEDIA Expo show and CE Pro, announced last week that its Board of Directors has authorized company managers to purchase up to $20 Million of Emerald’s stock in a share buyback program. As Strata-gee noted back in May in a report on the company’s large fiscal first quarter loss, this program had previously been suspended when cash had tightened up after the cancellation of their events due to COVID-19.

Now the company has been recapitalized, thanks to help from sugar daddy Onex who now owns more than 80% of the company, and – gosh – the stock is so darn cheap. Maybe now is the time to buy…

See more on this stock purchase by Emerald

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Emerald Expo Says CEDIA Expo Virtual Registers 7,600; Claims Virtual Success

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CEDIA Expo Virtual logo

Emerald Expositions announced today that CEDIA Expo Virtual drew 7,600 trade professional registrations for their three day run from September 15-17, 2020. Although this figure is less than half the attendance at the live, in-person version, Emerald considers it a great success as an all-virtual event.

See more on the results for CEDIA Expo Virtual

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Emerald Expo Pulls Off CEDIA Expo Virtual, Or Rather, CEproDIA Expo

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logo for CEDIA Expo Virtual

CEDIA Expo Virtual was almost exclusively an online media event…rather than a real, in-person trade show. I know…duh! Yes, I knew this logically, but it hadn’t really hit me viscerally until I actually attended the event. But what that means for Emerald Exposition is that their expertise in fielding large scale, B2B, in-person events really doesn’t apply here. And that fact forced them to rely exclusively on CE Pro for almost the entire event, including content strategy, seminar production, and show performance.

See more of my thoughts on this CEproDIA Expo Virtual overview…

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Epidemic Engulfs Emerald Expositions; Reports Massive Q1 Loss of $570.1M

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CFO Admits Company Looking at Possibility of No More Shows in 2020 – and Fewer in 2021

Emerald Holding logo

Emerald Holding Inc., formerly Emerald Expositions Events, Inc. (NYSE:EEX), has released their fiscal 2020 first quarter results and the organization makes no bones about it – it has been hit, and hit hard, by the COVID-19 pandemic. The company announced that in the first quarter of fiscal 2020 – the period ending March 31, 2020 – sales declined 27.4% to $99.7 million and the company had the biggest net loss in its history, losing $570.1 million.

See more on the dire situation at Emerald…

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Crestron in Triumphant Return to CEDIA Expo

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Crestron Home logo

Crestron Electronics announced today that it is returning to the CEDIA Expo show for the first time since Strata-gee broke the news of their surprising exit from the event four years ago in 2016. This announcement marks a triumphant return for a company that has seen its residential business soar over the last few years, particularly with the launch of their Crestron Home software solution.

See more on Crestron’s return to CEDIA Expo

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Emerald Expositions Announces Death of Sally Shankland, Its Most Recent CEO

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Emerald Holding logo

Emerald Expositions announced this week that Sally Shankland, it most recent CEO who had been hired in June 2019 to replace resigning CEO David Loechner, has died following her month’s long battle with cancer. The company says Shankland passed away at home peacefully.

See more on this news about Shankland…

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IFA 2020 Show, Scheduled in September, is Now Canceled

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A photo from a previous IFA show

All Eyes Turn to the Emerald City – San Juan Capistrano

IFA 2020, a huge consumer electronics show scheduled to take place in Berlin on September 4-9, 2020, is now canceled, the organization behind the event announced this week. It is yet another show joining a long line of mass, in-person marketing events to suffer this fate. The promoter is promising “an innovative new concept” to replace it – which some speculate will be a virtual online conference.

See more on this cancellation of IFA…

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Emerald Cancels All Trade Shows & Events for First Six Months of 2020

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Status of CEDIA Expo Remains in Doubt

From Emerald Expositions website

Emerald Holding Inc. (NYSE: EEX), formerly known as Emerald Expositions Events Inc. – a national exposition company that is home to both the CEDIA Expo and CE Pro magazine – has announced that they are postponing all events for the first two quarters of 2020 due to the rapid spread of the global pandemic Coronavirus (COVID-19). Given their position as one of the largest producers of B-to-B trade shows in the U.S., this is a major development with huge impact on the various industries their shows serve.

Learn more on this major Emerald move…

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Another Tumultuous Year for Emerald Expositions in Fiscal Q4 & Full Year 2019

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Owner of CEDIA Expo & CE Pro, Emerald Books Revenue Drop of $20M & a Record $50 Million Net Loss

Emerald Expositions Events, Inc. logo

I hardly know where to begin, there’s so much to unpack here from a 20-page quarterly report and a 210-page annual report. Emerald Expositions Events, Inc. [NYSE: EEX] has released their fiscal 2019 fourth quarter and full year results…and it’s hard to overstate the level of turmoil exhibited there. What kind of turmoil, you ask? Read on…

Tremendous turmoil: sales declines, record losses, executive turnover and more at Emerald Expositions…

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CEDIA19: Origin Acoustics in Big Entry into Commercial Market

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Origin's Aaron Cattoir at CEDIA19 with a big subwoofer
Origin’s Aaron Cattoir showing me a new and very big in-room subwoofer [Click to enlarge]

Always an entertaining stop at CEDIA, Origin Acoustics didn’t disappoint again this year with a significant number of new models, some other updated models, and new announcements. See what caught my eye at this CEDIA Expo…

See new commercial products from Origin…

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