Weiss Joins iHeart Political Team
Hoping to pull in as large a share of the 2016 political ad revenue as possible, Adam Weiss has been hired as iHeartMedia's new...
To Be Heard, You Have to Be on Radio
In an interview with "A Taste of Country" Ronnie Dunn said he realized during his short stint as an independent artist that radio airplay...
Univision Ad Revenue Drops 2.7% – Radio Down 6.9%
Univision reported company-wide advertising revenue for the third quarter was $517.7 million, down from $531.9 million a year ago. However total revenue for the third quarter increased 10% to $801.5 million compared to $728.9 million in 2014. Non-advertising revenue increased 44.1% to $283.8 million from $197.0 million. Q3 Advertising revenue for Univision's 67 radio stations decreased 6.9% to $70.4 million from $75.6 million.
Listeners To Design Billboard Campaign
This is taking listener input to a whole new creative level. Hubbard's 106.5 The Arch in St. Louis is asking listeners to help them...
The Sound In L.A. Is Best Classic Rocker
Entercom's KSWD-FM "The Sound" in Los Angeles has been chosen as the best large market Classic Rock station by Team Rock, Classic Rock magazine, and KMG Networks, a division of Krantz Media Group.
Beasley Q3 Revenue Up 7%
The Beasley revenue is not exactly comparing apples to apples just yet, as the company continues to integrate 14 stations it received from CBS in Philadelphia, Charlotte and Tampa for five stations it owned in Miami and Philadelphia. The company must report the five stations in Philadelphia that CBS now owns as discontinued operations despite having owned them a year ago.
CBS Station Integration Harder Than Expected
Beasley CFO Caroline Beasley told investors integrating the 14 stations it received in a swap from CBS was harder than originally expected. That process started about 11 months ago. First, the revenue in those two markets was down 9% in Charlotte and Tampa and the company reduced expenses by 7%. Beasley has cut expenses in the two markets it picked up stations from CBS in by $700,000. Beasley says the company hopes to see the benefits from swap mid to late 2016
Not All CEO’s Are On The Programmatic Bandwagon
Liggins says he doesn't see the demand for programmatic in radio. "Advertising agencies want it because it will allow them to do their job with fewer people. And, this also means we don't have to pay a seller which should save us commission." Liggins also said the folks at iHeartMedia, CEO Bob Pittman, building the programmatic platform are smart people, so if you can save money it's a net positive.
Townsquare Ad Revenue Flat in Q3
There's a lot to unjumble in the Townsquare earnings report but the bottom line on local ad revenue was that it was up $600K or .7% to $79.6 million. Other Media and Entertainment net revenue increased $4.1 million, or 55.8%, to $11.5 million, driven mostly by digital.
Analysts Concerned About iHeart Liquidity
iHeartMedia SVP and Treasurer Brian Coleman even joked that he was getting more love from analysts this quarter with many more questions being tossed his way. Those questions were on the future liquidity of the company, something Coleman said he's comfortable with because there are "a host of things to look at to generate liquidity."
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