(By Randy Lane) The bad news for radio: downsizing continues, revenues haven’t caught up to pre-Covid levels, commercial loads remain too high, listenership is declining especially with young people, music has become commoditized, and our old medium isn’t considered cool anymore.
Because it is still a federal crime to promote the sale of a controlled substance, and your license is doled out by the federal government, radio station owners have been reluctant to take ads promoting legal marijuana sales. The legal advice up to now has been that it could become an issue at license renewal time so don't risk it.
The 40 Most Powerful People in Radio will be announced on Monday, July 11th, 2022. Will Bob Pittman hold onto the number one position? Who are the newcomers to the list? Who got bumped off? What do all 40 power players have to say about the future of radio and radio's number one challenge moving forward? You must be a subscriber to Radio Ink magazine to see the list we've been publishing since 1996. Subscribe HERE.
For a second week, BioNTech-Pfizer occupies the top-slot on the Media Monitors radio ad list. The COVID Vaccine maker saw nearly 80,000 more spots aired over the previous weeks total.
Benztown is offering a 'big bang for no bucks' for the holiday weekend. The 4th of July Audiopack is available Free of charge through Friday July 1st.
Stacey Lawrence is the new Senior VP of Sales for iHeart Jacksonville, a cluster with 8 stations. Lawrence moves up from VP of Sales for the cluster, a position she's held for the past two and a half years.
The Tom Kent Radio Network is celebrating it's 20 year anniversary in syndication. The network launched on June 29, 2002 in three markets; Memphis, Erie and Wichita Falls.
ABC Audio will provide three specials to affiliates to air over the July Fourth weekend: an ABC News special exploring activities for summer fun; a rock and classics special presented by Speakeasy; and a country special hosted by country music star Jimmie Allen.
Earlier this month Latino Media Networks made a big splash in radio with the purchase of 18 radio stations in 10 cities from TelevisaUnivision in a $60 million all cash deal. The co-founder of the new company is Stephanie Valencia.
As part of RAB’s Radio Works Initiative, the next live presentation in the series is titled “Radio Works for Agriculture.” It will feature Spencer Chase, President, National Association of Farm Broadcasting.