Google Awards Townsquare $260K Grant
The grant will fund the resources, technology development work, and personnel for Townsquare to launch two new digital news brands. In Tuscaloosa TuscaloosaThread.com launched a week ago. The second site in Portsmouth, NH will launch in October.
Cumulus Q2 Down 48%
Cumulus' net revenue of $146 million was a decrease of 47.8% from Q2 2019. April finished down 51%, May was down 50%, and June was down 39%. In an effort to combat the huge revenue losses the company enacted cost reductions which should save $85 million this year.
Cumulus Selling Towers
The $213 million deal to Vertical Bridge is for all 250 Cumulus towers. CEO Mary Berner says the deal was transacted at a 14.25 times multiple and the money will be used to pay down and increase future cash resources. Cumulus will lease the towers back from Vertical Bridge.
Jay Bailey’s ARC Adds Two Big Clients
Reatro Ventures and its software division, Media10, announced today that Motor Racing Network and vCreative have both signed on as users of its ARC software. ARC, created by Jay Bailey is a full-service radio research platform.
A Milestone For Mr. Master
Mr. Master says the company now provides processing and compliance for 1 million network spots per week nationwide. The company also announced new deals with Neuhoff Communications and Forever Communications.
KTWV Hosts Debate On Legal System
he fifth installment of Entercom's Justice Now!-Communities 2 Unity series will feature the candidates for Los Angeles District Attorney. The debate will focus on how the legal system has changed since the George Floyd incident.
ABC Audio Offering Specials Labor Day
Three, three-hour specials are being offered to ABC Audio affiliate for use over the Labor Day weekend. Country Music, Rock Music and News specials are in the line-up.
“Why I’m Voting” Campaign Underway
The iHeartMedia Why I'm Voting campaign has enlisted the aid of musicians, athletes, cultural influencers and others to share what matters to them the most in the upcoming election season. Listeners will also be able to submit there reasons for voting.
Insurance Wars Heat up On The Radio
Airing 46,853 commercials on radio stations across the country last week, Progressive Insurance held on to the number one position on the Media Monitors chart of top national radio advertisers. GEICO was second with 44,901.
At Entercom, It’s A New Way of Operating
When revenue falls off the cliff, adjustments need to be made to survive. When a pandemic is the reason, companies are forced to find new ways to operate. Those new ways of operating may become permanent ways of operating, according to CEO David Field.
Our Print Magazine: Radio Ink
Lifetime Leadership Award Honoree Harvey Nagler
The $250 Question: Inflation and Contesting
