B101.5 Care-athon Raises $118,386.50

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The Fredericksburg, Virginia, Hot AC WBQB (B101.5) raised the titanic sum while broadcasting the 3rd Annual Care-athon to benefit Children’s National Health System on November 3 and 4. The two-day, 28-hour event was broadcast live from the Children’s National Hospital in Washington, D.C.

Fresno Gets Some Holiday Cheer

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iHeart's Soft Rocker in Fresno has become the Valley’s Official Christmas Music station. Soft Rock 98.9 FM will play holiday music 24 hours a day, all the way through Christmas Day. PD Steve Weed said, “After the long and chaotic election season, people are ready to shift to family, loved ones and the holidays. You’ll hear all of your favorite Christmas songs along with standards performed by contemporary artists."

Big Challenges Remain For Radio’s Number Two

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A little more than one year on the job, Cumulus CEO Mary Berner continues to state progress is being made in the turnaround of the company but the challenges are still substantial.

Berner Says The Cumulus Culture Is Changing

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For the past year one of the biggest challenges CEO Mary Berner has said plagued the company was a toxic culture. And it's hard to turn around a company when you have employees who do not want to work for you. However, Berner says the culture is changing.

We Have Too Much Debt

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That was the statement from John Abbot, Cumulus' Chief Financial Officer, who's been on the job now for four months. And, he's been spending the majority of his time trying to deal with that debt, which is $2 billion.

Saga Same Station Q3 Radio Revenue Flat

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For the third quarter, Saga's net operating same-station radio revenue dropped slightly from $27.8 million in 2015 to $27.6 million in 2016. For the first nine months of 2016, Saga's same station net revenue for its radio stations was up about $1 million. The company took in $529,000 in political radio revenue in Q3 and has booked $1.9 million in political radio revenue for the year so far.

Townsquare Reports 3.8% Q3 Revenue Jump

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Tonwsquare's Local Marketing Solutions division, which includes radio and digital, saw a net revenue increase 3.8% in the third quarter. Political revenue will come in at just under $9 million for the year, $1 million shy of the company goal of $10 million.

Newspapers A Lot Worse Off Than Radio

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Quarterly earnings are taking place for many media companies around the country. You've been reading about many of radio's public companies here in this space. Some are flat, some are up a bit, some are down slightly. When you compare radio to the once almighty newspaper industry, you may come to the conclusion that radio is still quite strong. Here are some of the results from the nation's major newspapers.

Alpha Grays Harbor Hits Hole-In-One For Tots

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The Washington State market held its 11th Annual Tee It Up for Tots golf tournament on September 9 at Ocean Shores Golf Course, attracting more than 100 golfers. A fun day was also a huge success: More than $25,000 was raised.

Political Lighter Than Entercom Had Hoped For

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That was the report from Entercom CEO David Field as the election season comes to an end. And according to CFO Steve Fisher, Entercom took in $1.9 million in political in Q3 and has $4 million booked for Q4. Field said once this election is over, things should start to normalize again. "In 48 hours the election will be behind us, the angst will be behind us. I'm optimistic about the climate going forward. Bookings for 2017 look great."

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September 9, 2024


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