News

With net income of $24.7 million from the radio stations Cumulus operates, it still lost (net) $14 million in the quarter, compared to $12 million a year earlier. Westwood One lost $2.8 million and the company reported a $36.3 million loss in the corporate department. CEO Mary Berner says she is acutely aware that the challenges Cumulus faces with the balance sheet are significant.

Radio One reported net revenue of $109.1 million from all divisions in Q1, an increase of 3.1% over 2015. Revenue from the radio division decreased 0.5% for the quarter. Radio growth came from Radio One's Charlotte, Cleveland, and Washington D.C. markets, with Houston, Indianapolis, and Philadelphia experiencing the most significant declines.

CEO Alfred Liggins says his company's final $35 million investment in the MGM casino in National Harbor, Maryland, will be made just before it opens at the end of this year. Eventually, Radio One will own 6.6% of the casino. Liggins said, "It's now real."

Aaron D. Criswell has been named Director of Sales for Adams Radio of Las Cruces. Adams owns and operates KGRT FM (Country), KSNM FM (Classic Hits), KHQT FM (Hot 103), and KWML AM (Fox Sports) in Las Cruces. Criswell began his career in Broadcast Media in 2000.

iHeartMedia San Francisco on Thursday announced that Jack Kulp will host the morning drive with Carolyn McArdle, beginning May 9, on Soft Contemporary 98.1 The Breeze.

MediaDC, publisher of The Weekly Standard and Washington Examiner, and PodcastOne announced Thursday the launch of two new podcasts: Examining Politics by The Washington Examiner, and The Weekly Standard Confab.

Kimmie Taylor and Joey “Joey V” Vlazny have been named the new Assistant Program Directors for KBLX-FM 102.9 and KRBQ-FM 102.1, respectively. Taylor (pictured) started her career at KBLX-FM in 2000. Currently, she is a co-host on The Morning Dream Team.

That's on a same-station basis and when you add in the recent purchase of WLVQ-FM in Columbus, which Saga began operating in November of 2015, the radio revenue increase jumps to 13.1%. The company also reported free cash flow increased 35.4% to $4.9 million for the quarter. So what did CEO Ed Christian say about the quarter?

After 30 years with iHeartMedia's Y94FM in Syracuse, on-air personality Kathy Rowe has been let go. Syracuse.com reports that Rowe is a casualty of the latest round of layoffs by iHeart.

The Perry & Price Morning Show has been running on Honolulu's KSSK for 33 years but one half of the duo is hanging up his headphones. The Pacific Business News is reporting that Larry Price will now pursue other interests, including a new sports show on KSSK’s sister station FOX Sports 990.