Headlines

For the past year one of the biggest challenges CEO Mary Berner has said plagued the company was a toxic culture. And it's hard to turn around a company when you have employees who do not want to work for you. However, Berner says the culture is changing.

That was the statement from John Abbot, Cumulus' Chief Financial Officer, who's been on the job now for four months. And, he's been spending the majority of his time trying to deal with that debt, which is $2 billion.

For the third quarter, Saga's net operating same-station radio revenue dropped slightly from $27.8 million in 2015 to $27.6 million in 2016. For the first nine months of 2016, Saga's same station net revenue for its radio stations was up about $1 million. The company took in $529,000 in political radio revenue in Q3 and has booked $1.9 million in political radio revenue for the year so far.

Tonwsquare's Local Marketing Solutions division, which includes radio and digital, saw a net revenue increase 3.8% in the third quarter. Political revenue will come in at just under $9 million for the year, $1 million shy of the company goal of $10 million.

Quarterly earnings are taking place for many media companies around the country. You've been reading about many of radio's public companies here in this space. Some are flat, some are up a bit, some are down slightly. When you compare radio to the once almighty newspaper industry, you may come to the conclusion that radio is still quite strong. Here are some of the results from the nation's major newspapers.

The Washington State market held its 11th Annual Tee It Up for Tots golf tournament on September 9 at Ocean Shores Golf Course, attracting more than 100 golfers. A fun day was also a huge success: More than $25,000 was raised.

That was the report from Entercom CEO David Field as the election season comes to an end. And according to CFO Steve Fisher, Entercom took in $1.9 million in political in Q3 and has $4 million booked for Q4. Field said once this election is over, things should start to normalize again. "In 48 hours the election will be behind us, the angst will be behind us. I'm optimistic about the climate going forward. Bookings for 2017 look great."

Media Monitors says that, in the last 10 days, not only were there a lot of political spots run on radio, there were more organizations and PACs running them. And in the final Media Monitors report of the 2016 political season, there were 27,853 radio spots run for Hillary Clinton in the last 10 days compared to 3,543 spots for Donald Trump. Here's how the ads broke down for each side over the past 10 days...

Q3 revenue for the Salem's 118 radio stations in 73 markets was up 2.1% to $50.5 million in the 3rd quarter and for the nine months through September Salem's same station revenue is up 1.5% to $147.7.

The National Association of Broadcasters has been very vocal about its displeasure with the FCC on ownership rules ever since the Commission decided in August to leave the rules as they've been for decades. And now the NAB plans to take the government agency to court over the issue.