Life After The Main Studio Rule
(By Jeff McHugh) The FCC just eliminated the main studio rule. Look for more local studios to close and for more layoffs among local programming staff in the coming year. Change will also create opportunity for talented performers. Here are some ideas to consider...
The Killing Of Live And Local
(By Ronald Robinson) The most recent (cynical) FCC ruling paved the way for broadcasters to literally abandon their local communities and move their facilities to a central location – so far out of town that even a robust carrier pigeon might not make it back to headquarters with an emergency message.
Here Comes Tomorrow – Are You Ready?
(By Bob McCurdy) I came across an article written by Shelly Palmer, a well-respected marketing and technology maven. It got me thinking. Hoping it will do the same to you. Palmer’s article put forward a lot of ideas about the future -- which caused me to raise questions relevant to our careers.
Entercom Quadruples Synergy Savings From Merger
Originally, the plan was for Entercom to recognize $25 million in cost-saving synergies from its merger with CBS Radio. Entercom CEO David Field has hinted in previous earnings calls that there was a possibility that could go higher, but this increase was massive.
Disruption Contributes To Entercom’s Slight Revenue Decline
The Entercom Q3 revenue decline was 1% and that's excluding political. Overall, Entercom took in $122.3 million for the quarter. Both national and local were down. CEO David Field believes one of the reasons the revenue was down slightly was the disruption of the past nine months.
It’s Time To Fix CBS Radio
CBS Radio has some of the most recognizable radio brands in the country and Entercom CEO David Field says they've been neglected -- and he intends to change that. Field says CBS Radio is a wonderful company with tremendous people. He was even asked about the morning show at WFAN in New York.
Our Radio Revenue Has Stabilized
Those words from Urban One CEO Alfred Liggins. While the Urban One radio stations were down less than 1% in Q3, the company outperformed the markets it operates in, according to Miller Kaplan, and that's a good sign, according to Liggins.
How Much Is GMR Costing Urban One?
We haven't written much about Irving Azoff's Global Music Rights Organization, lately, nor have we really heard how much radio companies were paying under agreements they work out with the new PRO. Until Thursday.
Urban One Was Not A Player
CEO Alfred Liggins says Urban One was not in on the Entercom/CBS divestitures. "We saw the lineup, we did not participate." Liggins said only two stations were urban focused and there were a number of markets in play where Urban One doesn't own stations. The company typically looks for stations where it already has clusters that can help it de-lever.
Pandora Lost $66.2 Million In Q3
For the third quarter of 2017, the pure-play streaming company lost $66.2 million compared to a net loss of $61.5 million in the same quarter last year. Overall revenue for Q3 was $378.6 million, an 8% increase over 2016. Advertising revenue of $275.7 million was a 1% increase over 2016.















