Tag: Radio Business
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iHeartMedia, Audacy, Cumulus Top Radio Earners in 2023, BIA Report Shows
iHeartMedia had four of the top 10 billing stations in the BIA report released earlier this month.
Is Radio Ready to Move at the Speed of AI?
We can only imagine where AI will lead us, and yet we can’t.
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%.
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.
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.”
SiriusXM Lost 445K Subscribers During First Quarter
Despite the subscriber loss, the company's quarterly revenue actually rose 1% to $2.16 billion, up from $2.14 billion compared to the same quarter last year.
Edison Research Partners With Nielsen For New Audio Audience Trend Report
“This partnership between Nielsen and Edison sets the record straight: a marketer’s audio strategy that excludes AM/FM engagement is simply incomplete.”
Townsquare Media Reports 1.9% Revenue Drop in 2023
“Despite the lack of tailwinds at our back in 2023, I am very pleased with how the Townsquare team navigated the progressively challenging economic landscape."
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.