"Our work in building our digital assets continues to pay off; this is the sixth consecutive quarter in which the Digital Audio Group Adjusted EBITDA is larger than the Multiplatform Group Adjusted EBITDA.”
BMI described the settlement as a landmark moment, noting that it delivers the largest royalty rate increase the organization has ever achieved with the radio industry.
Epperson and his brother-in-law Edward Atsinger founded the company in 1986, building a strong presence in Christian and politically conservative News/Talk radio stations.