Townsquare Reports Strong First Quarter
The medium- and small-market operator reported an increase in net revenue of 6.6% or $5.8 million to $94.2 million in the first quarter of 2018. Townsquare executives on the Tuesday morning earnings call were very pleased with the results, including Co-CEO Bill Wilson...
Entercom Launching New Audio Network
It's clear Entercom wants a bigger piece of the national revenue pie and will soon make an extra effort to make that happen. On Tuesday, Entercom announced it will launch the Entercom Audio Network on July 1.
Salem Reports Flat Broadcast Revenue
Salem's Q1 net broadcast revenue increased 0.5% to $48.1 million (from $47.8 million). Same-station revenue increased 0.4% to $47.3 million from $47.1 million. Salem owns 118 radio stations and a network.
iHeartRadio Nets Prized Shark
Barbara Corcoran -- nine-season Shark on ABC’s Shark Tank, real estate mogul, author and investor -- and iHeartMedia, announced they are launching a new podcast, Business Unusual With Barbara Corcoran on iHeartRadio.
Three iHeart Executives Have Bonuses Approved
The Compensation Committee of iHeatMedia's Board of Directors has approved the terms for 2018 quarterly bonuses for CEO Bob Pittman, COO Richard Brsller and General Counsel Robert Walls. The bonuses that total about $4 Million must still be approved by the bankruptcy court.
Kaplan Lands SVP Programming Role In NYC
Mike Kaplan has been named Senior Vice President, Programming and Program Director of ALT 92.3 (WBMP-FM) in New York. In addition, Christine Malovetz will join ALT 92.3 as midday host and will be on-air from 10:00 a.m. to 3:00 p.m. EST weekdays, starting Monday.
CMG Tampa Host Arrested
Sandra Carmin Herrst, known as Carmin on The Mike Calta Show on 102.5 The Bone in Tampa, was arrested over the weekend. She's accused of hitting her boyfriend in the face, causing him to bleed. It's a misdemeanor domestic battery charge.
Davis Switches Stations In Tampa
Scotty Davis has been named afternoon host for US103.5/Tampa Bay, starting Monday, May 14. Davis joins US 103.5 from iHeartMedia Tampa Bay’s 93.3 FLZ, where he has served as the afternoon host for the past six years.
Ex-Seahawk Cliff Avril Taking Co-Host Role
Sports Radio 950 KJR-AM/Seattle has announced that Cliff Avril will join Jason Puckett as co-host of The Jason Puckett and Cliff Avril Show, effective July 9. The show will broadcast weekdays 10 a.m.–1 p.m.
Ad Spending On The Rise
eMarketer has just come out with a positive report on worldwide ad spending. The research firm says ad spending across the globe will increase 7.4% to $628.63 billion in 2018.
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