November Auto Sales Strong
Total and retail new light-vehicle sales in November are expected to increase 7% on a selling-day-adjusted basis, according to a monthly sales forecast by J.D. Power and LMC Automotive.
There Was Innovation at Rdio
And the folks at The Verge are giving Pandora and others unsolicited advice on what they should steal as the service shuts down. The Verge says, despite its small user base, "Rdio did have tons of great ideas around design and user experience, and its competitors should absolutely steal them.
Entercom Paying $17 Million For Sox
That's per year and Market Manager Phil Zachary is trying to negotiate that number down, according to The Boston Herald. The paper says WEEI signed a 10-year deal back in 2006 for rights to broadcast Sox games and he hopes to have a new agreement in place by Christmas.
Stern: I’m a Radio Guy
The New York Daily News was trying to get the inside scoop on Howard's expiring contract with SiriusXM, but as usual, Stern didn't bite. "We're talking to people about the future. I'm interested in continuing working, but we'll see where it lands."
Pittman: Let’s Not Carried Away With Streaming
The iHeartMedia CEO told Bloomberg Business that a recent study showed that only 3% of in-car listening is to Streaming services. "So we shouldn't get carried away. When you look at radio, radio is still about 90% of that listening and 10% is digital listening, including iHeartRadio." Pittman says at the end of the day radio is digital. "If it (radio) were invented today, it would be in the digital category.
Analysts Concerned About iHeart Liquidity
iHeartMedia SVP and Treasurer Brian Coleman even joked that he was getting more love from analysts this quarter with many more questions being tossed his way. Those questions were on the future liquidity of the company, something Coleman said he's comfortable with because there are "a host of things to look at to generate liquidity."
Townsquare Ad Revenue Flat in Q3
There's a lot to unjumble in the Townsquare earnings report but the bottom line on local ad revenue was that it was up $600K or .7% to $79.6 million. Other Media and Entertainment net revenue increased $4.1 million, or 55.8%, to $11.5 million, driven mostly by digital.
Not All CEO’s Are On The Programmatic Bandwagon
Liggins says he doesn't see the demand for programmatic in radio. "Advertising agencies want it because it will allow them to do their job with fewer people. And, this also means we don't have to pay a seller which should save us commission." Liggins also said the folks at iHeartMedia, CEO Bob Pittman, building the programmatic platform are smart people, so if you can save money it's a net positive.
CBS Station Integration Harder Than Expected
Beasley CFO Caroline Beasley told investors integrating the 14 stations it received in a swap from CBS was harder than originally expected. That process started about 11 months ago. First, the revenue in those two markets was down 9% in Charlotte and Tampa and the company reduced expenses by 7%. Beasley has cut expenses in the two markets it picked up stations from CBS in by $700,000. Beasley says the company hopes to see the benefits from swap mid to late 2016
Beasley Q3 Revenue Up 7%
The Beasley revenue is not exactly comparing apples to apples just yet, as the company continues to integrate 14 stations it received from CBS in Philadelphia, Charlotte and Tampa for five stations it owned in Miami and Philadelphia. The company must report the five stations in Philadelphia that CBS now owns as discontinued operations despite having owned them a year ago.














