Those are the words of Entercom CEO David Field as he looks out at the lay of the land for 2016 and states our business is off to a great start. And, perhaps it's the start of the revenue tide turning for radio as Field was as optimistic as a public radio company CEO has sounded in quite some time. Field says business is off to a great start and he ticked off the reasons why.
CEO David Field says when you back out political in Q4, revenue was up 5% and he was very upbeat about his company's performance, both in the back half of 2015 as well as pacing for the first half of 2016.
McAndrews says Pandora will achieve that goal within five years. In 2015, Pandora took in $1.164 Billion in revenue. Here's the plan McAndrews laid out which gives him the confidence his company can hit that $4 Billion number by 2021.
The Streaming pure-play ended the fourth quarter of 2015 with revenue of $336.2 million. Excluding revenue from ticketing services, revenue was $326.0 million, an increase of 22% compared to $268 million in total revenue for the same quarter last year. Advertising revenue increased 22% in the fourth quarter of 2015 to $269.0 million, compared to $220.1 million in 2014.
It's a number they've never really been able to prove, or that any analyst covering the company has ever challenged them on, but Pandora now claims to be "at an all-time high of more than 10% share of U.S. radio listening."
Nielsen announced that Q4 2015 revenues was $1.6 Billion down .6%. The company said the decline was due to the impact of foreign exchange, and was up 5.6% on a constant currency basis, compared to Q4 2014. It was Nielsen's 38th consecutive quarter of constant currency revenue growth. Revenues was $6.17 Billion for the year, down 1.8% again due to the impact of foreign exchange. It was up 5.% on a constant currency basis, compared to 2014. Nielsen's audio division (which includes radio) decreased 6.9%. That decrease was blamed on the impact "of delivery timing," which most likely means when contracts for ratings are signed.
When was the last time you took that simple step of walking into the studio to tell your on-air talent he or she was doing an excellent job serving the local community? It's all about building trust between management and talent that makes that relationship thrive in radio.
In case you were unaware, FOMO stands for the Fear Of Missing Out? And it was part of the Edison Research presentation at CRS this week. FOMO is radio's big advantage over the competition according to Edison, and with smartphone use increasing and more competition in the automobile for ear time, making sure your radio station creates that Fear of Missing Out with listeners is key. Edison's Larry Rosin says, "FOMO protects you from the competition."
Those are the words of UMG Nashville CEO Mike Dungan who was interviewed by The Tennessean at the close of CRS last night. Dungan has been a part of the CRS board now for 15 years. He told the paper people have been predicting the decline of regular broadcast radio in the face of all these new technologies for several years now and it’s stronger than it’s ever been.
SONY Music Nashville and Radio Ink magazine honored the 2016 Radio Ink Top 30 Program Directors in Country Radio Tuesday night at an event in Nashville hosted by SONY. Here is the entire list of Best Program Directors in Country Radio.
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Sonos announced on Wednesday that Apple Music is now available on Sonos systems worldwide. Users now have access to Apple Music features like For You, New, Radio, and My Music, and will also be able to stream the entire Apple Music catalog through Sonos smart speakers.
Tuesday, Spotify announced the launch of the Music Matchmaker app, to help users in media agencies find love and friendship this Valentine’s Day.
NextRadio saw "tremendous" growth in downloads, listening, viewing, and interactions in 2015. Some stats for the app, which enhances FM listening on cell phones: Overall listening more than quadrupled, rising 334 percent in 2015 compared to 2014. Average session length went up 25 percent, to 57 minutes, while average time spent listening via NextRadio went from 21 minutes to 26 minutes (compared to 13 minutes for traditional radio).
Red Zebra Broadcasting announced Thursday that it has hired Chris Johnson as Program Director for ESPN 980. Johnson will start his position on Monday, Feb. 15. Johnson brings nearly three decades of broadcast experience to ESPN 980.
Mark Levin will continue his talk show with Westwood One through 2025. Levin said, “I could not be more pleased to extend my radio partnership with Cumulus/Westwood One. For the next nine years -- an unprecedented long-term relationship in the broadcasting industry."
Sean Baligian, Tom Mazawey & Marc Fellhauer will move from their noon to 3pm slot to mornings on the Greater Media Detroit sports station, replacing ESPN's Mike & Mike. The new lineup on the station following mornings is: 10am-2pm Ryan & Rico and 2pm-6pm Matt Dery & Drew Sharp
PowerTalk 96.7 and AM 1400 (KALZ-FM and KRZR-AM) has named Trevor Carey new afternoon drive host. Carey will host an expanded fourth hour that will also air on iHeartMedia's PowerTalk stations in Modesto and Stockton from 6-7 p.m. PT. Carey had been previously hosting a one-hour evening program on PowerTalk since December 2015.
Robert Wallace has been named the new GSM for Curtis Media Group's WKIX 102.9 FM, KIX 1029, and WPTK 850 AM/104.7 FM in Raleigh. Wallace brings more than 20 years of Raleigh radio experience to the post, most recently serving as GSM for WRAL-FM in Raleigh. He starts in his new roles on February 15.