Headlines

Salem's Q1 net broadcast revenue increased 0.5% to $48.1 million (from $47.8 million). Same-station revenue increased 0.4% to $47.3 million from $47.1 million. Salem owns 118 radio stations and a network.

The Compensation Committee of iHeatMedia's Board of Directors has approved the terms for 2018 quarterly bonuses for CEO Bob Pittman, COO Richard Brsller and General Counsel Robert Walls. The bonuses that total about $4 Million must still be approved by the bankruptcy court.

eMarketer has just come out with a positive report on worldwide ad spending. The research firm says ad spending across the globe will increase 7.4% to $628.63 billion in 2018.

Beasley Media Group CEO Caroline Beasley made it a point to speak about the iHeartMedia and Cumulus bankruptcies, and how they affect the radio industry, yesterday on the company earnings call. Here's what she had to say...

This report will certainly add fuel to the fire for those in radio who believe there should be more deregulation so radio can better compete with the big digital companies. Or those who want the government to regulate the digital giants.

The $1.4 million increase reflects the inclusion of WBZ-FM Boston, partially offset by the disposition of WMJX-FM Boston and the Greenville-New Bern-Jacksonville stations. The company says revenue at the company’s other clusters was "comparable" to net revenue in the same period of 2017.

Chief Growth Officer for Publicis Groupe, Rishad Tobaccowala, will headline the 2018 Radio Show Advertiser Breakfast, Thursday, September 27, in Orlando. In an address titled "The Future of Media – Intersection of Advertising and Technology," Tobaccowala will discuss the continued transformation of advertising, marketing, and technology.

Entercom and the NBA's Brooklyn Nets have reached a new multi-year agreement that extends the team’s broadcast rights with New York’s WFAN through the 2020-21 season. The rights include regular season and postseason games.

Nautel kicks off a new Webinar series this month with two “Tips n Tricks” sessions, followed in June by discussions on HD Radio in Canada and engineering recruitment and training issues. The Webinar' are free, run 45 minutes and are open to everyone.

Employees at Beasley Media Group stations HOT 96.9, 105.7 WROR, ALT 92.9, Country 102.5, and 98.5 The Sports Hub donated their time and support to Project Bread’s year-round effort to prevent and end hunger in Massachusetts at the 50th Walk for Hunger & 5K Run.