Podcasts Are iHeart’s ‘Growth Engine’ As Q3 Revenue Dips
Revealing its Q3 2023 earnings on Thursday morning, iHeartMedia, the largest owner of AM/FM stations in the US leaned into digital audio revenue, particularly in podcasting. The company reported a revenue of $952.99 million, a decrease of 3.6% from Q3 2022.
As Expected, Townsquare’s Digital Arm Carries The Day In Q3
Townsquare Media's digital-first mentality continues to pay off in its "reset year," according to CEO Bill Wilson, as the company reports its Q3 earnings. The company's total revenue for the third quarter decreased by 4.6% year-over-year to $115.1 million.
Edison: AM/FM ‘Dominates’ Spoken Word Listening In-Car
The latest findings from Edison Research and NPR's Spoken Word Audio Report indicate the genre has reached new heights of popularity. Over the last nine years, spoken word audio's share of the total listening experience has soared by 55%.
Big Joe and Laura Raise Radio’s Season Of Giving Tally By $16k
Townsquare Media Grand Rapids' Mix 95.7 (WLHT), in collaboration with the Big Joe and Laura Show, recently concluded its highly successful Warm Hearts coat drive, collecting 400 new and gently used coats for individuals in need during the winter season.
Rhode Island The Latest To See Public Radio and TV Merge
In Rhode Island, The Public’s Radio and the state's PBS have announced their intentions to merge. This proposed unification aims to enhance the service and support for communities in Rhode Island and southeastern Massachusetts.
Curtis LeGeyt To Address 2024’s Signals Of Change At Forecast
After a landmark year for the NAB, President Curtis LeGeyt will take the stage at Forecast 2024 with an esteemed panel for Signals of Change, a front-row seat to the future of legislative, election, and regulatory outcomes moderated by Frank Montero.
Wright State Raiders Strike Dayton Deal With Alpha’s Hank
Wright State Athletics has partnered with Alpha Media Dayton to broadcast the Wright State men's basketball games on 101.5 Hank FM (WCLI) for the 2023-24 season, starting with their opening game against Colorado State on November 10.
California Aids Radio Bilingüe In Fresno Expansion With $2M Grant
Spanish-language news/talk Radio Bilingüe has received a $2 million grant from the State of California to support the expansion of the network's Fresno facility. The new station will include spaces dedicated to youth radio education and community events.
Potential Restructuring Hangs Heavy Over Audacy’s Q3 Results
On a day filled with major radio earnings calls, Audacy silently added its Q3 2023 financials to the pile with no advance notice. The result? A 5.6% decline in net revenues from the previous year, with decreases across local, national, and network revenues as digital grows.
Urban One Already Has A New Casino Site In Mind Post-Richmond
Even as Urban One's second shot at its much-desired Richmond, VA casino failed by a wide margin, CEO Alfred Liggins has already revealed his contingency plan, including a likely city just 23 minutes from the originally planned site.
Our Print Magazine: Radio Ink
The Forecast Issue
Annual Legal and Brokers Roundtables
