iHeartMedia Podcast Revenue Up 18%, Leading Q1 2024 Earnings
iHeartMedia CEO Bob Pittman is again praising podcasts as the US' largest radio broadcaster released its 2024 Q1 earnings. Digital audio growth was the strongest segment among mixed divisional results as iHeart looks for a more robust economic landscape.
Digital, Political, and BMI Buoy Beasley Media In Q1 2024
Continued economic volatility and digital growth were the themes of Beasley Media Group's 2024 Q1 earnings report, as the company posted $8,000 in net income - a significant improvement from the $3.5 million net loss during Q1 of 2023.
Cumulus Media Shareholders Reject Executive Compensation
As Cumulus Media shares its Q1 2024 financials, shareholders sent a clear message to the company's executives at its Annual General Meeting. 64.87% of stockholders voted their disapproval of the current executive compensation.
Pio Ferro Joins Meruelo Media To Lead Programming and Content
Los Angeles' Meruelo Media has announced the appointment of Pio Ferro as its new Senior Vice President of Programming and Content, effective May 13. Ferro joins Meruelo from MediaCo in New York City, where he oversaw programming at Hot 97 (WQHT) and WBLS.
Advantage, Radio: Uncovering Where Light Audio Listeners Tune In
We know heavy audio listeners go out of their way to tune into AM/FM and streaming, but where will radio find the casual listener? Edison Research's latest Share of Ear study looks at where audio is most heard by light listeners - and it gives an advantage to radio.
Unpacking NAB Show Tech With Benztown’s Dave ‘Chachi’ Denes
With 61,000 broadcasters now (mostly) caught up on sleep from NAB Show 2024 in Las Vegas, Radio Ink is taking one last look at the technology that defined this year's convention in a conversation with Benztown President Dave “Chachi” Denes.
Bhargava Sparks FCC Review of Cumulus’ Foreign Stakes
5-Hour Energy mogul Manoj Bhargava is causing more problems for Cumulus Media outside of his hostile takeover push. Cumulus is asking for FCC approval around foreign investor stakes as the broadcaster restructures its ownership of radio station licenses.
Audio Advertising ROI Far Outpaces Digital, UK Study Shows
A study from across the Atlantic has more good news about the power and value of radio and other audio platforms. While television continues to dominate the share of ad spend, the potency of audio advertising offers better short-term and comparable long-term ROI.
FTC Bans Noncompetes; What Does This Mean For Radio?
In a landmark decision with massive implications for radio, the Federal Trade Commission has issued a final rule to ban noncompete agreements nationwide, under the auspices of bolstering competition, innovation, and new business creation.
Radio Takes A Digital Audio Lead Over Pureplays In Edison Data
While smart speaker ownership has plateaued since the pandemic, the platform still has an important role to play in radio listenership. This comes as Edison Research's Share of Ear reveals that AM/FM streaming has surged by 25%, surpassing pureplays.
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