News

CEO David Field called it a great first quarter with overall revenue up 14% to $175 million. Digital was up 16%, spot radio increased 14% and local radio ad revenue climbed 18%. Field also said podcasting revenue was up 37%.

That increase included a 35.5% increase in digital revenue, which now makes up 14% of Beasley's total revenue. Comparing Q1 revenue to the pre-pandemic year of 2019, revenue was down $2 million, or 3.4%. Total revenue in the quarter was $55.7 million. 

In his latest blog post, Cumulus' Pierre Bouvard details a new study conducted by Cumulus and Nielsen for a national office supply chain. The study showed how effective radio was for the advertiser, increasing sales by 11% and share of category by 15%. Read the Bouvard blog HERE.

The Deadline for Early Bird Registration for the Radio Ink Hispanic Radio Conference is Friday, May 13. Save $300 by signing up now for the Hispanic Radio's Premier Event.

The IAB reported today that podcast ad revenue grew 2X faster in 2021 (+72%) than the total internet ad market according to the sixth annual IAB U.S. Podcast Advertising Revenue study, prepared for the IAB by PricewaterhouseCoopers. 2021 revenue for podcasting came in at $1.4 billion, according to the report.

Chicago area based MediaTracks has sold Radio Health Journal and Viewpoints Radio to American Urban Radio Networks. The programs air on a total of nearly 1,500 stations in more than 200 U.S. markets.

Beasley Media Group CEO Caroline Beasley will be featured during two upcoming sessions at Radiodays Europe on Monday, May 16th at the MalmöMässan Exhibition and Congress Center in Malmö, Sweden.

The Mentoring and Inspiring Women in Radio organization has announced a new program designed to create mentorship opportunities in every state.

iHeartMedia Phoenix’s 104.7 KISS FM Announces Payton Whitmore (lower left) as New On-Air Personality with the Johnjay & Rich Show. Whitmore replaces Suzette Rodriguez, who will be hosting her own afternoon drive show on the station and across iHeartMedia’s network of stations.

Cox Media Group has promoted Steve Stewart to Director of Country Content and Chris Lloyd has been elevated to Director of Rock Content. Stewart and Lloyd will oversee content, programming, and brand strategies for the company’s 11 rock and 5 country format stations.