Why You Should Be More Like This Manager
On Thursday, September 22, at the Radio Show in Nashville, Radio Ink magazine will be introducing the industry to radio’s most successful Sales Managers, General Managers, Digital Sellers, and Account Executives. Thanks to the Radio Advertising Bureau, we are able to recognize these industry greats every year with awards named in honor of Wayne Cornils, who worked for the RAB for many years and was one of radio’s greatest ambassadors.
Why The RAB Stopped Reporting Revenue
This is not a totally unexpected decision. In fact it's been discussed for several years by the RAB's Board of Directors and President and CEO Erica Farber (pictured here). Over time, since the RAB began reporting revenue numbers, about 20 years ago, they've gone from monthly to twice every year. And while some will speculate industry executives might not want to continue to release numbers that are consistently flat, then try to put a happy face on those numbers, the organization says that was not the reason.
We Are Pleased With Our Q2 Results
The iHeartMedia Q2 increase of $27.2 million (3.2%) was driven by events, including the iHeartRadio Music Awards show, iHeart's traffic and weather business and political advertising. CFO Richard Bressler told analysts and investors Thursday he's pleased with the results from the quarter
Field: “Another Quarter of Terrific Performance”
Entercom reported an increase of 5% in same-station Q2 revenue and CEO David Field, on the heels of a strong first quarter, said the performance of his company in the second quarter was great "on every level."
The Details Of A $240 Million Deal
Here are the details on the blockbuster deal announced Tuesday night. Beasley will pick up Greater Media's 21 stations in seven markets. Greater Media shareholders are expected to receive $100 million in cash and $25 million in shares of the Company’s Class A common stock (at a fixed value of $4.61 per share).
Why Did Gow Change To SB Nation?
Things have not been going very well for the Yahoo brand lately and David Gow may have seen the writing on the wall. Yahoo has had to write-down over $700 million for its purchase of Tumblr and for the past three months Yahoo has been taking bids on purchasing the company's core business. On the heels of the announcement that Gow Media would be changing sports affiliations from Yahoo! Sports to SB Nation, we reached out to Gow CEO David Gow about why he's making the change and what it would mean to affiliates.
How To Convince Advertisers to Come Back to Radio
(by Bob McCurdy) This past week we met with the president of a major auto dealer association. They had been using Radio and moved those radio dollars to cable and broadcast TV. They stressed that they had to be “re-sold” on the value of Radio. In this column, I've included the follow up e-mail to that meeting, which provides the advertiser with a plethora of vital radio data.
What Is The FCC Doing About New York-Area Pirates?
Not much if you take a look at the latest engineering study released by the New York State Broadcasters Association. The firm of Meintel, Sgrignoli and Wallace counted the number of unauthorized “pirate” radio stations in the New York Metropolitan area. Seventy-six stations were apparently operating without an FCC license. So where are the pirates and why is the number of pirate radio stations growing?
Why Did Emmis Have A Flat Quarter?
Emmis CEO Jeff Smulyan said Los Angeles continues to be the Emmis weak spot, as the company is still dealing with the defection of Big Boy to iHeartMedia a year ago. Net revenue for March, April, and May came in at $42.7 million compared to $42.6 million in 2015. Excluding Power 106 in Los Angeles, Emmis would have been up 5%. Smulyan said he's encouraged by the pacings in Los Angeles and the company expects to overcome iHeart's Hip Hop challenger around September of this year.
Now We Know When CBS Radio Goes Public
The mothership at the CBS Corporation is planning to take its radio division public by the end of the month. The announcement was made by the company in a preliminary prospectus filed with the SEC on Wednesday. Back in March, CEO Les Moonves announced the company was exploring all alternatives, including a sale, a spinoff, or even a swap of the radio division. The company has been in a quiet period lately and it appears that spinoff will happen sooner rather than later.
Our Print Magazine: Radio Ink
American Women in Media
The Most Influential Women in Radio
Is HR Ghosting Holding Radio Back?
Beasley Celebrates 65
