Tag: Radio Business
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Audacy Reports Uptick in January Revenue
While Audacy has yet to release its fourth quarter and year-end earnings for 2023 due to the bankruptcy proceedings, it reported that revenue for the company was "in line with expectations" during the calendar year.
Number of Female Radio Executives Increased in 2023 While PDs Dropped, New Study Shows
22.17% -- or 2,356 stations -- had women holding the General Manager position in 2023. That figure represents a jump of two percent.
Political Campaigns Could Reach 17% More Voters With 20% of Budget Allocated to Radio, New Study Shows
“The portion of the population that isn’t reachable via TV could be the swing vote and what throws it over the top for a candidate.”
Radio Needs Super Bowl Commercial Says DMR/Interactive
“If radio pulled this ad off, imagine the buzz and media coverage that would be generated throughout the advertising community leading up to the game."
Salem Media Group Sees 3rd Quarter Revenue Dip
National advertising revenue was down 18%, while local spots dropped 6%.
Bob Pittman: iHeartMedia ‘Will Be Back in Growth Mode in 2024’
Pittman added that he "remains confident that both the advertising marketplace and our company will be back in growth mode in 2024."
Townsquare Sees 5% Revenue Decline in 3rd Quarter
Broadcast radio was the largest revenue driver, but also saw a decrease, dropping 8.6% to $54,2 million.
NAB Pushes Back on Automaker Estimates on Cost to Keep AM Radio
The NAB pointed to data from the Congressional Budget Office that estimates the cost closer to $198 million in 2023.
Radio Sees 8-Year High in Time Spent Listening According to New Data
That 45% number is tied for the fourth quarter of 2019 as the highest percentage in recent years.
Cumulus Reports 11% Revenue Decline in 3rd Quarter
"Despite the challenging environment, we maximized performance by continuing to focus on areas we can control."