News

In Q2, Pandora lost $76 million (before adjustments), compared to a loss of $16 million (before adjustments) in Q2 of 2015. The company expects to lose up to $200 million for the year according to Fortune.

The largest radio contingent ever converged on Cleveland this year to cover the Republican National Convention, over 160 radio shows in all. With 33 live shows, ABC was by far the biggest group. All the big-name ABC Radio news correspondents were there including Ann Compton who came out of retirement to cover the event.

Former ESPN hosts Dan Patrick and Rich Eisen have released new apps for their fans. The apps provide access to their guests, interviews, and poll questions. One new feature both apps provide is an ability for users to “capture” portions of the show and "share” them on social media.

iHeartMedia, Cumulus, Entercom, Cox and Sun Broadcast Group are collaborating with Shazam for a new audio audience measurement solution in the U.S. that will deliver market- and station-level audience metrics across all radio formats.

The markets were a fit, the Beasley balance sheet was in good shape, and they found a willing seller. Those are the reasons Beasley was able to purchase Greater Media's 21 stations for $240 million. In our interview with Interim CEO and CFO Caroline Beasley, she tells us there will not be LMAs for the Greater Media stations, and the three Charlotte stations they are picking up will be put into a trust. LISTEN HERE. (UPDATED TO INCLUDE INTERVIEW TRANSCRIPT)

After 60 years, the Bordes family was ready to sell, and when Caroline Beasley called Greater Media CEO Peter Smyth last November, he was ready to deal. In our interview with Smyth, he says the fit was right with Beasley, being that both are family-owned businesses. Our first question to Smyth was about that call he had to make to all his managers, to tell them they were going to be sold. LISTEN HERE. (UPDATED TO INCLUDE INTERVIEW TRANSCRIPT)

The Daily Mail has the details about how police had to rescue radio host Alex Jones when he was punched in the face a few times by two protesters outside the Republican National Convention. Picture courtesy The Daily Mail.

How and why does LifeLock use so much radio to advertise its product? That question will be answered at the Advertiser Breakfast, Thursday, September 22, at the Radio Show in Nashville. Radio Ink's Radio Wayne awards will also be handed out at the breakfast.

Baseball's Milwaukee Brewers and Scripps owned 620 WTMJ have extended their radio rights agreement, although the length of that new agreement was not disclosed. WTMJ-AM has served as the radio flagship of the Brewers for all but two seasons since the team moved to Milwaukee in 1970.

Townsquare Media and Lendio, which focuses on small business loans, have formed a new partnership. Townsquare Media CEO Steven Price says "Partnering with Lendio will allow us to further support and service our loyal SMB clients as a true business partner while powering local economic growth."