BBC Sounds Recaps 2023’s Huge Uptick In Podcast Audience
In 2023, BBC Sounds experienced a significant surge in listenership, with more than 2 billion plays of radio, music, and podcasts from January to November. Podcasts, in particular, saw a 34% increase in listeners compared to the previous year.
Americans Still Spend 25% Of Their Waking Hours With Audio
Audio's post-pandemic renaissance held steady in 2023, according to Edison Research's final weekly insight for the year. A broad view of the average US listener showed that American audiences aged 13 and up still spend more than four hours with audio each day.
Wring Final Cash Out Of 2023 As You Ring In 2024
(By Charese Fruge') With only days until Jan 1, radio is again facing the industry's most challenging month of the year regarding ratings and revenue. It’s the time when sales inventory is low and the odds of negotiating decent deals are stacked against Q4 spending.
Do Your Sellers Need Acting Lessons?
(By Chris Stonick) Acting and sales have a lot in common. In my free time, I do a little acting, which I really enjoy. To me, acting and sales have a lot in common. Great actors know success is not luck.
Urban One Took Hard Hit In Q3, But Radio Continues Climb
Urban One has officially caught up on its earnings reports, though the company likely isn't keen on the results it released after the markets closed on the Friday before Christmas. Q3 saw a substantial net loss for Urban One, even as radio held growth locally and nationally.
As Salem Lightens Its Load, It Also Finds A New Credit Agreement
Salem Media Group has initiated a new financial maneuver by securing a $26.0 million asset-based revolving credit facility. This new 3-year agreement with Siena Lending Group replaces the previous arrangement with Wells Fargo Bank.
NABLF To Open Celebration of Service Awards Entries For 2024
The National Association of Broadcasters Leadership Foundation has announced the opening date for nominations and entries for the 2023 Celebration of Service to America Awards. This event highlights the outstanding contributions in community service.
Sherman and Tingle Drive Donations For Chicagoland Animals
Sherman and Tingle on Hubbard Broadcasting Chicago's 97.1 The Drive (WDRV) raised more than $19,000 through their annual Operation: Santa Paws initiative. Benefiting The Anti-Cruelty Society of Chicago, this marked the station's seventh year of support.
Hipgnosis Reports Major Devaluation As Internal Feuds Continue
Hipgnosis Songs Fund reported a 9.2% decrease in net asset value per share as tension rises in the royalty fund company. The board and Hipgnosis Song Management, led by Merck Mercuriadis, have been recently sparring over catalog valuations.
$3 Million More For St. Jude, Courtesy Of Audacy
Seven Audacy stations recently united to support St. Jude Children’s Research Hospital through the annual Country Cares for St. Jude Kids Radiothon, raising $3 million between them. Markets included Chattanooga, Chicago, Detroit, Phoenix, Pittsburgh, San Diego, and Wilkes-Barre.
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Lifetime Leadership Award Honoree Harvey Nagler
The $250 Question: Inflation and Contesting
