Stern: I’m a Radio Guy

0
The New York Daily News was trying to get the inside scoop on Howard's expiring contract with SiriusXM, but as usual, Stern didn't bite. "We're talking to people about the future. I'm interested in continuing working, but we'll see where it lands."

Pittman: Let’s Not Carried Away With Streaming

0
The iHeartMedia CEO told Bloomberg Business that a recent study showed that only 3% of in-car listening is to Streaming services. "So we shouldn't get carried away. When you look at radio, radio is still about 90% of that listening and 10% is digital listening, including iHeartRadio." Pittman says at the end of the day radio is digital. "If it (radio) were invented today, it would be in the digital category.

Analysts Concerned About iHeart Liquidity

0
iHeartMedia SVP and Treasurer Brian Coleman even joked that he was getting more love from analysts this quarter with many more questions being tossed his way. Those questions were on the future liquidity of the company, something Coleman said he's comfortable with because there are "a host of things to look at to generate liquidity."

Townsquare Ad Revenue Flat in Q3

0
There's a lot to unjumble in the Townsquare earnings report but the bottom line on local ad revenue was that it was up $600K or .7% to $79.6 million. Other Media and Entertainment net revenue increased $4.1 million, or 55.8%, to $11.5 million, driven mostly by digital.

Not All CEO’s Are On The Programmatic Bandwagon

0
Liggins says he doesn't see the demand for programmatic in radio. "Advertising agencies want it because it will allow them to do their job with fewer people. And, this also means we don't have to pay a seller which should save us commission." Liggins also said the folks at iHeartMedia, CEO Bob Pittman, building the programmatic platform are smart people, so if you can save money it's a net positive.

CBS Station Integration Harder Than Expected

0
Beasley CFO Caroline Beasley told investors integrating the 14 stations it received in a swap from CBS was harder than originally expected. That process started about 11 months ago. First, the revenue in those two markets was down 9% in Charlotte and Tampa and the company reduced expenses by 7%. Beasley has cut expenses in the two markets it picked up stations from CBS in by $700,000. Beasley says the company hopes to see the benefits from swap mid to late 2016

Beasley Q3 Revenue Up 7%

0
The Beasley revenue is not exactly comparing apples to apples just yet, as the company continues to integrate 14 stations it received from CBS in Philadelphia, Charlotte and Tampa for five stations it owned in Miami and Philadelphia. The company must report the five stations in Philadelphia that CBS now owns as discontinued operations despite having owned them a year ago.

The Sound In L.A. Is Best Classic Rocker

0
Entercom's KSWD-FM "The Sound" in Los Angeles has been chosen as the best large market Classic Rock station by Team Rock, Classic Rock magazine, and KMG Networks, a division of Krantz Media Group.

Listeners To Design Billboard Campaign

0
This is taking listener input to a whole new creative level. Hubbard's 106.5 The Arch in St. Louis is asking listeners to help them...
Univision corporate logo

Univision Ad Revenue Drops 2.7% – Radio Down 6.9%

0
Univision reported company-wide advertising revenue for the third quarter was $517.7 million, down from $531.9 million a year ago. However total revenue for the third quarter increased 10% to $801.5 million compared to $728.9 million in 2014. Non-advertising revenue increased 44.1% to $283.8 million from $197.0 million. Q3 Advertising revenue for Univision's 67 radio stations decreased 6.9% to $70.4 million from $75.6 million.

Free Daily Radio News

Daily industry headlines plus breaking news bulletins.

Our Print Magazine: Radio Ink

April 8, 2024


The Power of Local News: Cover Q&A
With Lou Paskalis
Radio's Top 20 Leaders
Information Or Transformation?

SUBSCRIBE

Share via