Tag: Radio Business
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FCC Approves Audacy Bankruptcy Restructuring; David Field and Existing Management Team Continue to Lead Company
As part of the restructuring, Audacy was given a temporary waiver to exceed the limit on foreign investment, which is currently set at 25%.
‘Local Radio Stands Strong as a Resilient and Potent Force’ Says BIA VP as Revenue Poised to Hit Nearly $14 Billion in 2024
“The radio advertising landscape is in the midst of a dynamic transformation, but within this evolution lies a world of untapped potential.”
WBBM Top Billing AM Radio Station in 2023 As News Takes 12 of Top 15 Spots, BIA Data Shows
The soon-to-be-shuttered WCBS was a close second with $29.7 million.
Beasley Media Group Sees Total Revenue Decline Despite Digital Growth in Second Quarter
The company added that revenue declines were mitigated by that digital performance and also an influx of political advertising.
Audacy Shrinks Operating Losses in Second Quarter Financial Results
Audacy also says it is preparing to exit the pre-packaged bankruptcy proceedings it initiated earlier this year.
Saga Communications Sees Slight Dip in 2nd Quarter Revenue
The company saw a net income of $2.5 million, down from $3.55 million during the same window in the previous year.
iHeartMedia Reports First Revenue Uptick Since 2022 During Second Quarter
Digital audio revenue represented 31% of the company's total for the quarter.
Salem Media Group Sees Net Profit Despite Dip in Total Revenue During 2nd Quarter
The profit the company made is in sharp contrast to its finish from the same quarter in 2023. During the second quarter of last year, Salem lost $7.09 million.
Townsquare Media Sees Slight Revenue Decline During 2nd Quarter
Digital revenue rose by 1%.
Local Advertising Forecasted to Eclipse $170 Billion in 2025, New BIA Projections Show
The company also projects that digital media revenue will eclipse traditional media next year.