Townsquare Stock Price Tumbles After Wide EPS Miss In Q2
After Townsquare Media made a massive share buyback to end Q2, they had one of the most anticipated earnings calls in the industry. Now that the "digital first" company has released its quarterly numbers, shareholders have gone from excited to disappointed.
musicFIRST Lashes Out At Radio After iHeart Earnings Call
Despite more muted Q2 results hinging greatly on the ad revenue from iHeartPodcasts, musicFIRST took Tuesday's iHeart earnings call as an opportunity to attack radio as the coalition tries to salvage the floundering American Music Fairness Act.
Audacy’s ‘Going’ Pains Show A Nearing Debt Precipice
After quietly releasing its second quarter 2023 financial results after undergoing a 1-for-30 reverse stock split, Audacy's status as a "Going Concern" and plans to sell assets in Phoenix and Boston have left stakeholders anxious.
Pew: NPR’s Audience Shrinks But Revenue Grows, PRX Lags
A new study into public radio listening in the US by Pew Research Center shows bad news for audience retention, mixed news on revenue, and good news on digital. The survey looked into NPR and Public Radio Exchange during 2021 and 2022.
Cumulus Sues Former Ticket Hosts Over Intellectual Property
Cumulus Media, by way of Susquehanna Radio, has filed a lawsuit against Dallas sports/talk The Ticket's (KTCK) former midday hosts Dan McDowell and Jake Kemp, alleging breach of contract. The duo left after contract negotiations broke down in July.
Forgy ‘Giddy’ For Saga’s Future In Q2 Earnings Call
"If you've ever had any Latin in high school or college, you may be able to translate this, the phrase goes like this, finis origine pendet." That's how Saga Communications CEO Chris Forgy ended the company's Q2 earnings call that saw them beat analyst expectation.
‘128% Stronger Than TV’: Dive Into Dentsu Audio Ad Study
Last week, media agency Dentsu unveiled a groundbreaking study on media attentiveness, comparing audio advertising on AM/FM radio and podcasts with visual advertisements such as TV and online display. Now Cumulus unpacks those impressive numbers.
Country Radio Broadcasters Announces New Board Post-Elections
The Country Radio Broadcasters have completed their elections for the organization’s 2023-2024 Board of Directors, featuring a mix of prominent industry professionals to help steer the organization and 2024's Country Radio Seminar in Nashville.
iHeart Revenue Takes 3.6% Dip In Q2 Amid ‘Soft’ Ad Market
The nation's largest radio group is still not immune from headwinds. iHeartMedia reported a mixed financial picture in its early morning Q2 2023 earnings report. The company's total revenue amounted to $920 million, down 3.6% compared to the same period last year.
Salem Posts Q2 Loss As Station Operating Income Falls 43.5%
Salem Media Group waited until after the closing bell to release its Q2 2023 financials on Tuesday, revealing mixed results alongside a quarterly loss. It's a reflection of the troubled situation where radio sits halfway through the year.
Our Print Magazine: Radio Ink
Lifetime Leadership Award Honoree Harvey Nagler
The $250 Question: Inflation and Contesting
