Tag: Radio Revenue
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Cumulus Sees 7.3% Increase in Digital Revenue as Broadcast Radio Slides
"While our Q1 revenue was in line with guidance and a marked improvement from 2023 trends, it is also reflective of the uncertainty that continues to weigh on advertisers."
Entravision, Townsquare, Salem Media, iHeartMedia Top Digital Earners in Radio, Borrell Report Reveals
According to the Borrell Associates report, 20.9% of radio revenue was from digital aspects, on average.
Cumulus Suggests Slight Revenue Drop in 2024 Q1 Preliminary Results
Cumulus will unveil its full first-quarter earnings on Friday, May 3rd.
Radio to See Nearly $120 Million in Congressional Campaign Spending, New Projections Show
Chicago ($7.6 million), Cleveland ($6 million), and Washington D.C. ($5.8 million) have seen the biggest spends in the political advertising sphere in recent weeks.
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.
What the Savannah Bananas Can Teach Sports Radio About Relevance, Ratings, and Revenue
The Savannah Bananas have used one guiding principle to create millions of followers and millions in revenue. It's an easy business for sports radio to emulate.
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.”