Tag: Radio Revenue
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Saga Communications Reports 1.8% Revenue Decline in 2023
The biggest drop in the quarter came from the political advertising market.
iHeartMedia Revenue Dropped 4% in 2023, Podcast Revenue Up 14%
“We expect to see a significant year-over-year improvement in our 2024 financial performance, supported by our ongoing efficiency efforts and what is anticipated to be a record-setting political advertising year.”
Report: Radio Revenue Dropped 1.5% to $15B in 2023
“The radio station business has been challenged to remain relevant and part of national ad budgets, although it is still relatively strong in the local ad markets.”
Cumulus Saw 11.4% Drop in Revenue in 2023
"We were able to offset some of the effects of the weak national advertising climate through strong execution in our key focus areas."
Beasley Media Group Sees 8.7% Drop in Q4 Revenue
“Beasley’s fourth quarter and full year financial results reflect the impacts of cyclical political revenue and ongoing advertising market softness, partially offset by the continued success of our revenue diversification strategy and cost management initiatives."
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.
Cumulus Reports 11% Revenue Decline in 3rd Quarter
"Despite the challenging environment, we maximized performance by continuing to focus on areas we can control."
Urban One Revenue Up 10.4% in Second Quarter
Urban One reported second quarter revenue rose 10.4% to $118.8 million. The company saw $107.5 million in revenue during the same time period in 2021.