Headlines

That's what CEO Bob Pittman said on the iHeartMedia earnings call Thursday as the company reported an overall revenue increase of just under 20% to $843 million. Pittman said podcasting revenue jumped 79% over 2021 to $69 million.

Urban One reported Q1 2022 revenue of $112.3 million, an increase of 22.9% from Q1 2021. CEO Alfred Liggins was happy with the performance of every Urban One division.

Saga Communications, which owns 113 radio stations and 80 translators, reported Q1 earnings of $25 million Thursday, an increase over Q1 of 2021 of 12%. Local radio revenue was $12.4 million, making up 50% of the total revenue for the company.

Danielle Desir will be part of our July virtual conference called How to Make REAL Money Podcasting. And Danielle has come up with a very cool way for you to make money podcasting.

Guaranty Media CEO Flynn Foster and former Triton Digital/Katz Executive Mike Agovino are launching Drop Biscuit Studios. Drop Biscuit currently has three series in production and plans to release at least five original series during 2022.

Westwood One is planning to mark Memorial Day Weekend with three specials. It will celebrate the start of summertime with programming specials in three different formats – Country, Classic Rock, and Hit Radio/ Hot Adult Contemporary.

Cumulus Media has announced a "modified Dutch auction" tender offer to purchase up to $25 Million of shares of its Class A common stock. The offer is at a price not greater than $16.50 and not less than $14.50 per share of Class A common stock, to the tendering shareholder in cash.

The Atlanta Journal Constitution's Rodney Ho is reporting that the Georgia Radio Hall of Fame is ending its inductions, and ceremony. The Hall opened in 2007 and includes Georgia radio stars such as Neal Boortz, Clark Howard, Don Sutton and Bert Weiss.

The National Association of Broadcasters Leadership Foundation will honor GEICO with the 2022 Corporate Leadership Award during the 2022 Celebration of Service to America Awards. The award will be presented on Tuesday, June 7, 2022, at an in-person, black-tie Celebration of Service to America Awards ceremony in Washington D.C.

Cumulus CEO Mary Berner said Wednesday morning that the company turned in strong first quarter results, experienced robust revenue growth, has the best company balance sheet in a decade and is solidly in growth mode.