Tag: Radio Business
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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."
Beasley Media Group Issued Nasdaq Delisting Warning
Beasley Media Group will have until April 10th, 2024 to return its minimum price to $1 per share for 10 consecutive business days.
Audacy Skips Debt Payment in Hopes of Renegotiation
The lack of payment does not affect the company's ability to operate going forward.
Majority of Political Ad Spending Hits Battleground States
An estimated $821 million is forecasted to be spent in Arizona alone.
Audacy Inks Susan Larkin to 3-Year Contract Extension
"Larkin became part of Entercom in July 2017 when she assumed the role of Regional Vice President."
Audacy Stock Suspended from NYSE
"During the appeal period, we will remain an NYSE-listed company but NYSE trading will
be suspended and our common stock will be traded over the counter."