Tag: Media Business
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Former ESPN President John Skipper After Paramount/WBD Talks Dissolve: ‘There Still Has to Be Consolidation’
"It's a game of musical chairs and they're not going to be enough chairs for all the companies that exist right now to make significant profits."
iHeartMedia Names Taylor Jukes Senior Vice President of Programming in San Diego
She moves to San Diego after serving as Program Director of Miami CHR station Y100.
AM/FM Radio Still Dominates Rural Areas, New Edison Report Shows
In rural areas, 43% of time spent with audio was with AM/FM radio, compared to 36% for suburban and 34% for urban dwellers.
iHeartMedia Revenue Dropped 4% in 2023, Podcast Revenue Up 14%
“We expect to see a significant year-over-year improvement in our 2024 financial performance, supported by our ongoing efficiency efforts and what is anticipated to be a record-setting political advertising year.”
NAB Plots ‘First of Its Kind’ Welcome Session for Upcoming NAB Show
"This year's NAB Show Welcome will be an unparalleled and exciting experience for the NAB Show community."
Report: Radio Revenue Dropped 1.5% to $15B in 2023
“The radio station business has been challenged to remain relevant and part of national ad budgets, although it is still relatively strong in the local ad markets.”
Warner Bros. Discovery Halts Merger Talks with Paramount Global
Skydance Media continues to perform "due diligence" on a potential purchase of the company.
Cumulus Saw 11.4% Drop in Revenue in 2023
"We were able to offset some of the effects of the weak national advertising climate through strong execution in our key focus areas."
iHeartMedia Adds David Pigue and Sophia Gonzalez to Government Affairs Staff
Pigue had previously worked for Sen. Dan Sullivan (R-AK) on various policy issues. Gonzalez comes to the company after serving as the Assistant to the Chief of Staff for Sen. Jon Ossoff (D-GA).
Warner Bros. Discovery Sees 14% Drop in Ad Revenue in Q4
“This business is not without its challenges.”