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Overall, Beasley reported Q2 revenue of $61 million, up from $27.8 million a year ago. However, that increase includes the addition of the Greater Media stations which Beasley did not have a year ago. On a pro-forma basis, net revenue was down 3.3%. CEO Caroline Beasley said the decline was due to less political spending, a decline in national revenue, and specific integration-related issues.

Thom Callahan is the President of the Southern California Broadcasters Association. Callahan did not agree with the recently published column by Radio Ink Chairman Eric Rhoads called "Radio Without Madison Avenue." In the piece, Rhoads stated that Madison Avenue advertisers are mostly not enamored of radio. Here's Callahan's response...

For the second quarter of 2017, Pandora's advertising revenue came in at $278.2 million with total revenue coming in at $376.8 million, a 10% increase over 2016. Total paid subscribers increased from 3.93 million in Q2 2016 to 4.86 million in Q2 2017, an increase of 24%. Listener hours were down in the quarter. Here are those details...

The company reported it lost $275.1 million compared to a net loss of $76.3 million in the same quarter last year. That number includes a goodwill impairment charge to reflect a one-time write-down related to the net assets of Ticketfly and other one-time expenses related to a financing transaction. Adjusted EBITDA was a loss of $54.3 million, compared to a loss of $25.1 million in the same quarter last year.

Make that 14 weeks in a row as radio's number one advertiser according to Media Monitors. The Home Depot aired just over 49,000 commercials on radio stations all over the country last week. GEICO held on to the number two spot (43,145), followed by Lowe's (32,650), Discover Card (28,126) which was up to fourth from 19th, and JC Penney (27,086).

The new Sports Radio 1230 The Zone will include Sports Talk programming, NFL games, the Miami Marlins, Florida Gators basketball, the 2018 Winter Olympics, college sporting events including football, the NCAA Final Four, and March Madness. The previous format was News/Talk. Here's the lineup of sports talkers for the new station.

ABC Radio and Skyview Networks have agreed to an early extension of their content, ad sales, affiliate sales, and audio distribution agreement. This renewal runs through 2026.

Radio's big merger is still on track to close later this year. That's according to Entercom CEO David Field, and despite the fact that it appears the CBS stations are "trending lower than the Entercom stations," according to one analyst on the Entercom earnings call Friday morning. Field was asked about that trend. He says he's visited every CBS market, in some cases more than once. He was asked if he noticed anything significant. Here's what he had to say.

Overall Entercom revenue was $125 million in the quarter, compared to $121.6 million in 2016. That number includes the new Charlotte stations Entercom picked up from Beasley late last year. Field said both local and national performed "comparable." The automotive category was flat. Entercom's top performing categories for the quarter were professional services, home improvement and cable/entertainment.

In a report sent to investors on Saturday, 24 hours after the Entercom earnings call, Wells Fargo analyst Marci Ryvicker wrote a report headlined: "ETM is unfortunately messy." She notes that the Entercom stock price has dropped 35% year-to-date and says the market "clearly has concerns" about the merger with CBS. She gives three reasons for those concerns.