Headlines

(By Randy Lane) Each time a wildly popular television show ends, there is a negative response in the US stock market. The stock market declined after the finales of Seinfeld, The Cosby Show, and Friends. Why is that?  

(By Bob McCurdy) Studies highlighting the critical role “reach” plays in ad campaigns continue to pour in. This is good news as radio is the number one reach medium in the U.S. Nielsen Catalina Solutions recently conducted an analysis of 500 Consumer Packaged Goods campaigns quantifying the contribution media and non-media factors have on ad campaign success. So what was the takeaway...

The NFL’s Houston Texans have signed a multi-year deal with Mega 101 FM, making it the new home for the team’s Spanish radio broadcasts on game days. The Texans are one of only seven NFL teams to broadcast in Spanish on the FM frequency

On Thursday, SummitMedia announced that shareholder and private investor Jon Kelly reached an agreement to purchase the controlling interest in the company held by Highpoint Holdings. And with Highpoint Holdings no longer in the picture, and Kelly and CEO Carl Parmer the two main players in the company, you can certainly expect to see them grow Summit, when stations that fit into their game plan become available.

SiriusXM reported $1.3 billion in revenue in the second quarter of 2017, that's up 9% from Q2 of 2016. In addition net income of $202 million was up 16% from $175 million in the second quarter 2016. The company now has 32 million subscribers with the addition of 466,000 net new self-pay subscribers in the second quarter 2017.

Despite auto sales leveling off in 2017, SiriusXM is adding subscribers and generating record revenue. That good news pushed the company to increase its 2017 full-year guidance for self-pay net subscriber additions, revenue, and adjusted EBITDA. The company's complete full-year 2017 guidance is now: self-pay net subscriber additions of approximately 1.4 million, revenue of approximately $5.375 billion, adjusted EBITDA of approximately $2.05 billion, and free cash flow of approximately $1.5 billion.

That's because 97.1 AMP Los Angeles morning man Carson Daly is calling it quits. He's a busy man and radio is the odd job out. Daly is also host of The Voice, co-anchor on the TODAY Show, and host of Last Call with Carson Daly. Something had to give. If you want to be considered for the job contact Chris Ebbott at [email protected]. Here's a statement from CBS on Daly's departure.

The E.W. Scripps Company's 34 radio stations will soon be available on Amazon Alexa-supported devices. XAPPMedia will provide the technology to enable the devices for the Scripps stations. Radio VP Steve Wexler said, “This is a big step forward for us. It’s important that we go where our audience goes, and this new partnership makes the Scripps radio stations easily accessible to our listeners across multiple platforms.”

Nielsen reported second-quarter revenue of $1.6 billion on Thursday, up 3.0%, or 4.1% on a constant-currency basis, compared to the second quarter of 2016. Audio revenue, which includes radio, was flat for the quarter.

The Steve Miller Band and Peter Frampton were on hand for 97.1 The River's (WSRV-FM/Atlanta), big day “The River’s Rockin’ Birthday Bash” on Sunday, July 16 at Verizon Amphitheatre in Alpharetta. The venue was filled with nearly 6,000 fans and the event was a party from start to finish.