Headlines

American Public Media is receiving a $1.5 million grant from the Corporation for Public Broadcasting to lead a new investigative journalism initiative with Southern California Public Radio (KPCC), Kansas City Public Media (KCUR), New York Public Radio (WNYC), and Public Broadcasting Atlanta (WABE).

Community Broadcasters radio stations Border 106.7 and 94 Rock WOTT raised over $103,000 dollars during the Children’s Miracle Network Radiothon over a 36-hour period, beginning November 1. All proceeds go to supporting services for infants and children at pediatric and neonatal intensive care units.

Eye on Veterans, a new radio program which aims to provide military veterans and their families with useful information about finance, healthcare, and transitioning back into civilian life, will begin airing on the CBS News Radio Network this Saturday, November 11 – Veterans Day.

One week from today, Jay Abraham will sit down with Shark Tank's Daymond John in a one-on-one conversation at Radio Ink's Forecast gathering in New York City. He's also a keynote speaker at the event. Abraham is recognized as one of the world’s most successful marketing strategists, business innovators, entrepreneurial advisors and masters of revenue enhancement.

Live events and national digital revenue are not working out the way Townsquare hoped. On the other hand, radio is. The company announced it's conducting a review of its Entertainment division due to another poor revenue quarter, which could result in a reorganization of that division. That would also mean a total focus on growing core revenue, which comes from radio.

It was a four-man show on the Townsquare earnings call, Tuesday. Former CEO Steven Price, now Executive Board Chairman, introduced new Co-CEOs Bill Wilson and Dhruv Prasad. Wilson will focus on running the radio stations while Prasad focuses on other aspects of the business such as M&A, dealing with investors, and HR.

On the eve of his next court date (today), former WFAN host Craig Carton spoke to USA Today about his life being turned upside down since his arrest in September. Carton, who resigned from his high-paying morning show co-host chair, is accused of being part of a Ponzi scheme that fraudulently procured $4.6 million from a hedge fund.

If you've never listened to Saga Communications CEO Ed Christian's earnings calls before Tuesday, you might think he dabbled in Russian vodka himself before getting into his quarterly numbers. This time around Christian peppered CFO Sam Bush (pictured) with questions about Russia.

Same-station revenue for the company declined 1.1% to $29.6 million. Same-station revenue for the nine months of 2017 was $85.8 million compared to $88.2 million for the same period last year. CEO Ed Christian and CFO Sam Bush did not go into any details about market or category performance for the quarter, and said October was pacing up while it was too early to tell how November and December would end up.

Same-station revenue for the Christian conservative company was down nearly 5% to $48.3 million. The Christian teaching and talk format was off 6%, the news/talk format was down 2%, music stations declined 4%, and the Salem Radio Network dropped 3.5%.