News

For the second quarter of 2017, Pandora's advertising revenue came in at $278.2 million with total revenue coming in at $376.8 million, a 10% increase over 2016. Total paid subscribers increased from 3.93 million in Q2 2016 to 4.86 million in Q2 2017, an increase of 24%. Listener hours were down in the quarter. Here are those details...

The company reported it lost $275.1 million compared to a net loss of $76.3 million in the same quarter last year. That number includes a goodwill impairment charge to reflect a one-time write-down related to the net assets of Ticketfly and other one-time expenses related to a financing transaction. Adjusted EBITDA was a loss of $54.3 million, compared to a loss of $25.1 million in the same quarter last year.

Make that 14 weeks in a row as radio's number one advertiser according to Media Monitors. The Home Depot aired just over 49,000 commercials on radio stations all over the country last week. GEICO held on to the number two spot (43,145), followed by Lowe's (32,650), Discover Card (28,126) which was up to fourth from 19th, and JC Penney (27,086).

The new Sports Radio 1230 The Zone will include Sports Talk programming, NFL games, the Miami Marlins, Florida Gators basketball, the 2018 Winter Olympics, college sporting events including football, the NCAA Final Four, and March Madness. The previous format was News/Talk. Here's the lineup of sports talkers for the new station.

ABC Radio and Skyview Networks have agreed to an early extension of their content, ad sales, affiliate sales, and audio distribution agreement. This renewal runs through 2026.

Travis Moon is the new PD for Country station KUBL-FM/K-Bull 93 in Salt Lake. It's a return to KUBL for Moon, who was afternoon host, APD, and Music Director for the station earlier in his career. Moon joins the Cumulus station from KAJA-FM (San Antonio), KASE-FM and KVET-FM (Austin), where he was Director of Country Operations/Afternoon Drive for iHeart.

iHeartMedia Phoenix announced today that Vinnie Del Rosso has joined 99.9 KEZ’s Beth and Friends morning show as a new on-air talent and executive producer. Del Rosso will serve as an on-air counterpart to the longest-running morning show host in the Phoenix market, Beth McDonald. He will also be the show’s executive producer.

Futuri Media has announced three key additions to its team: Chris Huneke, Alison Stubbendieck, and James Hunziker. All three new hires are based in the company’s new Cleveland-area headquarters.

Radio's big merger is still on track to close later this year. That's according to Entercom CEO David Field, and despite the fact that it appears the CBS stations are "trending lower than the Entercom stations," according to one analyst on the Entercom earnings call Friday morning. Field was asked about that trend. He says he's visited every CBS market, in some cases more than once. He was asked if he noticed anything significant. Here's what he had to say.

Overall Entercom revenue was $125 million in the quarter, compared to $121.6 million in 2016. That number includes the new Charlotte stations Entercom picked up from Beasley late last year. Field said both local and national performed "comparable." The automotive category was flat. Entercom's top performing categories for the quarter were professional services, home improvement and cable/entertainment.