Pandora Lost $115 Million In Q1
Revenue was up, listener hours were up, but the company is still struggling to make a profit. The $115 million loss in Q1 was compared to $48 million in Q1 of 2015. Content costs represented 58% of total revenue in Q1, an increase from the fourth quarter and year over year.
Westergren Lays Out His Vision
After abruptly taking over as CEO for Brian McAndrews in late March, Pandora founder Tim Westergren laid out his vision for the company he created 16 years ago. Westergren said he's returning to the helm at a very exciting time and admitted the company has had a rough couple of years.
$1 Billion In Revenue For ASCAP In 2015
It's the second year in a row the performing rights organization has topped the $1 billion mark in revenue. Domestic revenue was $716.8 million, up $61 million over 2014. Domestic distribution of that revenue was $573.5 million, up 6.2 percent over 2014. ASCAP, which is a non-profit, delivered $867.4 million in total royalty distributions to its 560,000 songwriter, composer, and music-publisher members in 2015.
Red Sox Renew With WEEI
Boston Red Sox baseball has been heard on WEEI since 1995 and it will continue until at least 2023. The deal was announced Thursday between the Red Sox and Entercom's sports station in Boston, WEEI.
Trump On Savage
As outsider Donald Trump closes in on the Republican nomination for President of the United States, he's agreed to be a guest on The Savage Nation with Michael Savage. Trump will appear on the program Friday at approximately 4:30 p.m. The Savage Nation airs from 3 -6 p.m. ET.
Is Your Radio Station Interactive?
Nextradio's Paul Brenner and Emmis CEO Jeff Smulyan have been saying from day one that the more interactive a radio station was in the NextRadio app, the more involved listeners would be with their stations on the app. And now NextRadio says it has the data to prove that philosophy.
iHeart Signs New Deal With University Of Louisville
WHAS-AM (Louisville), WWRW-FM (Lexington), WCKY-AM (Cincinnati), and WSFE-AM (Somerset) will carry the live football and men’s basketball games, including pre-game and post-game programming, as well as the coaches’ shows for each. Specific conflicts with WHAS-AM will be moved to WKRD-AM. Women’s basketball games will air on WKRD-AM.
Another Big Name Leaving CBS Radio
The big changes continue at CBS. The person who spearheaded CBS Radio's digital strategy is leaving the company. After six years in the position of President of CBS Local Digital Media, Ezra Kucharz is leaving that position May 6. Last week, after 13 years with the company, Senior VP of Communications for CBS Radio, Karen Mateo also announced she was departing.
WPRO Shuffles On-Air Line-up
News Talk 630 AM and 99.7 FM WPRO in Providence will debut a new live and local line-up Monday. Veteran talk host Dan Yorke returns to afternoon drive, the position held by former Providence Mayor Buddy Cianci for over seven years until he passed away earlier this year.
Berman, Connoisseur Extend Partnership
Compass Media Networks makes the announcement that Connoisseur Media will extend its partnership with relationship therapist and best selling author, Dr. Laura Berman, who will continue to serve as host of Uncovered Radio.
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