Tag: Media Business
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Ben Shapiro: Ad Revenue Key for Podcast Industry to Remain ‘Platform for All Viewpoints’
"I hope that you all consider sponsoring all the sides, not just the ones that you personally agree with, because there are audiences all across the political spectrum."
It’s Time for the FCC to Consider Radical Changes in Broadcasting
The scarcity argument was a product of its time, not envisioning the internet, smartphones, streaming, and podcasts. It’s time to reconsider.
Salem Media Group First Quarter Revenue Drops 8.3%
The company saw a net revenue of $58.6 million in the quarter, a drop of 8.3%. Broadcast revenue fell to $46 million, down 4.6%.
Audacy First Quarter Revenue Up 1%
While radio advertising revenue dropped 2%, digital revenue rose 10% to make up the difference.
Overall Podcast Ad Revenue Growth to Hit Double Digits in 2024, New IAB Study Says
The sector is projected to reach $2.6 billion by 2026.
iHeartMedia Revenue Drops to Just Under $800 Million in First Quarter
While overall revenue was down, digital revenue was up 7% to $239 million. Specifically, podcast revenue was up 18% to $91 million during the quarter.
Saga Communications Sees 2.5% Revenue Drop In First Quarter
Operating losses were also up for the broadcaster, as it lost $2.4 million during the quarter.
Despite Revenue Drop, Townsquare Posts Profitable First Quarter
Overall, the company saw a revenue decline of 3.4%, down to $99.6 million from the $103.1 million it earned in the fourth quarter of 2023.
Radio Could See 35% Growth in Political Ads in 2024, New Projections Show
“Too many candidates and advocacy groups forget that radio is among the best media to engage with voters for numerous reasons.”
Beasley Media Reports Nearly 6% Revenue Decline Day After Layoffs
The company saw digital revenue grow by 10% compared to the first quarter of 2023.