Radio One Q1 Revenue Declines 7.1%
CEO Alfred Liggins said it was a tough quarter, to say the least. Net revenue was approximately $101.3 million, a decrease of 7.1% from Q1 2016. National revenue was off by 8.7% in the quarter, while local dropped 5.9%. All advertising categories were down, including Government (24%), Automotive (13.4%), and Healthcare (9.3%).
CBS Radio Revenue Declines By $12 Million In Q1
It takes a lot of digging to find the radio results when CBS Corporation holds its quarterly earnings calls. The company is all about TV and hopeful that radio is soon in its rear-view mirror, as Entercom gets set to take over the CBS stations. Revenue at CBS Radio stations dropped from $262 million in Q1 of 2016 to $250 million in 2017.
Entravision Radio Division Down 7%
Revenue from Entravision's 49 Spanish-language radio stations in Q1 was $57.5 Million, compared to $58.1 Million in Q1 of 2016. Of course the reason for the decline was the lack of political advertising dollars. The company also reported that both national and local revenue were down in the radio division in Q1.
Lack Of Political Rev Drives Saga Down
In Q1, net revenue decreased $1.3 million (4.1%), the exact amount of political Saga was off by in the quarter. Saga CEO Ed Christian said additional problems in Q1 included a bad economy in the state of Illinois, where Saga has two markets, and declining income of farmers, which affects four Saga stations.
Not Everyone Is Having A Bad Quarter
Facebook reported first-quarter revenue of $7.86 billion, an increase of 51% over the same period in 2016. Not only does Facebook's revenue continue to grow, monthly users are up. That metric increased 17% in Q1 to 1.94 billion.
2017 Radio Mercury Awards Finalists Announced
117 spots and campaigns have made it to the finals of the 2017 Radio Mercury Awards, which honors outstanding radio created by advertising agencies, production companies, radio stations and students. BBDO NY, DeVito/Verdi, and iHeartMedia Creative Services lead this year’s entries throughout multiple categories.
Cumulus Morning Man Pretends He’s a Panhandler
And he collects about $40 per hour. ZRock Lexington Morning Man Twitch was posing as a panhandler to figure out if offering panhandlers jobs for $9 an hour is enough to get those people off the streets.
Nielsen Wants To Push Back Bubba Trial
As we reported last month, Judge James Whittemore has set Todd Clem’s ratings-tampering trial for the term that begins January 2, 2018. Two lead Nielsen attorney's have scheduling conflicts during those dates, with other jury trials, and are requesting judge push back the trial to the term that begins in February.
What’s In Your Station’s PR Toolkit?
(By Heidi Raphael) If you’ve ever been directly involved in any sort of home improvement project, you know that having the right tools is essential to getting the work done properly.
The same holds true in promoting your station or company. The type of tools you use can effectively make or break getting your announcement out to the audience you are trying to reach.
Your Prospect Says No. Now What?
(By Wayne Ens) After putting all your effort and creativity into a presentation, you would probably rather endure a root canal than hear your prospect say no. But understanding what to do after your prospect says no is one of the most valuable steps toward yes in your entire sales process.















