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Net revenue increased $2.8 million (2.1%) to $137.2 million, up from $134.3 million in Q2 2015. Those numbers exclude Townsquare's live entertainment company NAME, which was purchased in September 2015 and the divestiture of 43 towers. CEO Steven Price said the weakness on the radio side was national business which is "out of our control."

Revenue increased less than 1% to $28.6 million for Saga's radio division in Q2. CEO Ed Christian said he feels like things are stuck in third gear. "It's not the driver. We just seem to have trouble getting into fourth gear. There are some wicked winds pushing against the radio industry and the economy. We're all having trouble inching forward."

This news has been circulating for weeks and on Thursday The Department of Justice made it official. DOJ has decided no modifications should be made to the ASCAP and BMI consent decrees. Here's what you need to know...

After the Department of Justice posted its official decision Thursday, ASCAP President Paul Williams sent a letter to members outlining how both ASCAP and BMI plan to continue the fight to have the government update the consent decrees. Williams says DOJ got it wrong and ASCAP plans to fight the decision in Congress. Here's the letter Williams sent to ASCAP members.

On Thursday, BMI President and CEO Mike O'Neill told members the company is taking legal action regarding consent decrees that he says are outdated and puts songwriters and composers at a disadvantage in the digital age.

Following the DOJ announcement Thursday, NAB CEO Gordon Smith said, "Local radio and television broadcasters strongly support the Justice Department’s decision not to modify the ASCAP and BMI consent decrees."

Overall for the company, revenue increased to $64.8 million from $59.9 million in Q2. $2.8 million of that increase came from the television segment and an increase in retransmission consent revenue. $2.2 million of the increase was from the digital segment. The radio division was flat at $19.5 million.

Did you read the recent New York Times article on Howard Stern? Coming Monday in our headlines, Andy Bloom, ponders the NY Times headline, "What the Hell Happened to Howard Stern?" Here's what Bloom writes for us...

According to The Hill, USA Business Freedom PAC is purchasing $1 million in radio ads to boost Donald Trump’s presidential campaign. The spots will focus on wooing military veterans. The ads are planned for Florida, Ohio, Virginia and California.

Radio One engaged Edison Research to conduct a study on the state of race relations in the U.S. The results will be released Thursday morning at 9 a.m.