Headlines

Revenue for iHeartMedia in Q3 came in at $857 million, compared to $847 million in 2015. The slight increase was attributed to political revenue, growth in the network business, more revenue from syndication -- specifically the news/talk format which benefits from a heated election -- and iHeart's traffic and weather divisions. More revenue is also coming in from events, including the iHeartRadio Music Festival which was held in September.

The CEO of your lobbying organization, Gordon Smith, sent out the following statement the morning after...

iHeartMedia CFO Richard Bressler said the company does thousands of events every year across its hundreds of radio stations, calling it an important part of the company's "embedded sales strategy," and they do produce revenue.

That's how many registered users the app now has, according to CFO Richard Bressler. Despite that big number and the planned January roll-out of two paid on-demand services on the app, Bressler says digital listening remains secondary to radio...

On Thursday, iHeartMedia's 93.9 MYfm will flip to all holiday music. PD Mick Lee said, “For the past few weeks, we’ve asked listeners to go to www.939myfm.com and take a guess at when they think we’re flipping to Christmas music. With thousands of submissions, it’s clear that Chicagoland is ready for the holidays. We’re thrilled to announce the tradition of Christmas music continues on 93.9 MYfm with our 16th annual holiday celebration.”

The Fredericksburg, Virginia, Hot AC WBQB (B101.5) raised the titanic sum while broadcasting the 3rd Annual Care-athon to benefit Children’s National Health System on November 3 and 4. The two-day, 28-hour event was broadcast live from the Children’s National Hospital in Washington, D.C.

iHeart's Soft Rocker in Fresno has become the Valley’s Official Christmas Music station. Soft Rock 98.9 FM will play holiday music 24 hours a day, all the way through Christmas Day. PD Steve Weed said, “After the long and chaotic election season, people are ready to shift to family, loved ones and the holidays. You’ll hear all of your favorite Christmas songs along with standards performed by contemporary artists."

A little more than one year on the job, Cumulus CEO Mary Berner continues to state progress is being made in the turnaround of the company but the challenges are still substantial.

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.