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That's according to a new report released by the Radio Advertising Bureau and Borrell & Associates. The $700 Million figure is 13.4% higher than 2016. Radio's overall revenue has been hovering at about $17 Billion per year. The report shows that digital ad revenue now accounts for 7.5% of the average station’s ad revenues, up from 6.3% last year.

A new streaming study was released at the Country Radio Seminar, Wednesday. And, there was a lot of good news for radio. The survey involved a wide group of audio listeners in the United States (ages 18-54) and focused on those who listen to country music at least once per month and those that use either a free or paid streaming service.

That's according to Amplifi Media CEO Steve Goldstein who was part of a panel at the Country Radio Seminar, Wednesday. Goldstein would like to see radio produce more original content in the podcasting space, which has already grown to a $250 million business. Here's why Goldstein says radio has an advantage.

A request by two anti-consolidation entities for an emergency stay of the FCC’s media ownership order, which effectively ends the ban on cross-ownership rules such as broadcast/newspaper combinations and radio/TV combinations in the same market, has been denied.

The comments started piling up immediately after Cumulus CEO Mary Berner said "Radio needs to grow a pair," in her first ever radio industry conference appearance Tuesday at CRS. The reality of her comment is that other Radio CEO's have been saying the same thing, perhaps using other words, for years. So why did Berner's comments tick so many people off?

During her CRS interview, Cumulus CEO Mary Berner said, from a day-to-day standpoint, the restructure means nothing. She said the decision to file for bankruptcy was purely a business transaction and on the operational side it's business as usual.

Cumulus CEO Mary Berner has never shied away from criticizing the previous leadership at Cumulus. Tuesday was no different when she was interviewed by Emmis New York Market Manager Charlie Morgan at CRS.

The Academy of Country Music announced Radio Awards nominees for the 53rd Academy of Country Music Awards, Wednesday, including double nominations for KAJA-FM in San Antonio, TX, KHAY-FM in Ventura, CA, KUBL-FM in Salt Lake City, UT, KUZZ-AM/FM in Bakersfield, CA, WFMS-FM in Indianapolis, IN, and WIL-FM in St. Louis, MO.

Edison Research President Larry Rosin has been saying for quite some time that radio has a hardware problem." Radio as a physical object is disappearing from homes." It's nearly impossible to walk into a Best Buy and find a home radio these days. And, as we know, radio's future in the automobile is in flux as voice-controlled devices move to the vehicles — as they inevitably will.

(By John Garziglia) Any broadcaster will always want more power. Hence, it is entirely predictable that licensees of 6-kilowatt Class A FM stations would desire to double their power with a new FM classification known as Class C4. But, the effect of Class C4 power increases on FM translators carrying AM and HD sub-channel stations may bear some resemblance to the plastic explosive of the same name.