iHeartMedia Podcast Revenue Up 18%, Leading Q1 2024 Earnings
iHeartMedia CEO Bob Pittman is again praising podcasts as the US' largest radio broadcaster released its 2024 Q1 earnings. Digital audio growth was the strongest segment among mixed divisional results as iHeart looks for a more robust economic landscape.
Neuhoff Closes $2 Million Illinois Sale To Champaign Multimedia
Neuhoff Media has closed on the sale of its eight radio stations in Decatur and Danville, IL, along with their digital news platforms, to Champaign Multimedia Group for $2 million. First announced in February, the sale comes as Neuhoff divests its entire radio portfolio.
Forgy Focuses On Resilience As Saga Reports Q1 2024 Loss
"Radio isn't broken, it's just slowing down - maybe a little misunderstood." Saga Communications CEO Chris Forgy delivered another memorable, if more muted, earnings call on Thursday as the company's candid leader discussed a "subpar Q1 performance."
Salem Media Holds Q1 Net Steady Despite 7% Revenue Decline
Salem Media Group was the fifth radio broadcast group to reveal its first quarter earnings on Thursday. While net revenue for Salem fell to $58.60 million in Q1 2024 from $63.48 million in the same period of 2023, the company's net loss managed to hold nearly even.
OUT MONDAY: Radio Ink Celebrates The Women Of Radio
Women have always played a pivotal role in shaping the radio industry, bringing power, perspective, and innovation at every level. The May issue of Radio Ink recognizes and celebrates their contributions with our 25th annual Most Influential Women in Radio issue.
Rolling With The RIFs: Would You Be Prepared?
(By Gary Berkowitz) Losing your job is right up there with major life losses. With so many people losing their positions this week, please allow me to share some ideas to help you get through this.
Townsquare Media Swings To Net Income In Q1 2024 Earnings
Townsquare Media continues to become more "digital first" by the quarter. In Q1 2024, digital revenue came to represent 53% of the company's total net revenue in what leadership described as a challenging yet strategically promising first quarter.
Audacy Nears Chapter 11 Exit With Stronger Q1 Performance
Audacy was the fourth major radio player to share its 2024 Q1 earnings on Thursday, providing some positive news as the company prepares to exit Chapter 11. Net revenue rose while overall net loss greatly shrank from Q1 2023.
Apple Is Now Charting AM/FM Radio With Help From Shazam
Apple has unveiled a series of Radio Spins charts, using Shazam's music recognition technology to analyze terrestrial radio airplay streams to keep daily updated charts of the top songs globally and by genre.
Hispanic Radio Alliance To Present Multicultural Growth Blueprint
In the closing moments of Hispanic Radio Conference 2023, a coalition of broadcasters and vendors was formed that has since turned into the Hispanic Radio Alliance. The Alliance will again take the floor in 2024 to discuss the journey ahead.
After 64 Years, Sam Simmermaker To Retire From Columbus Radio
Indiana sports broadcasting legend Sam Simmermaker has announced his retirement at the age of 92, after a 64-year career with White River Broadcasting in Columbus. Simmermaker's final daily sports updates will air on May 24.
Jeff Crouere Steps Into GM Role At New Orleans Community AM
The voice behind Ringside Politics on New Orleans' WGSO-AM, Jeff Crouere, is now the President and General Manager of that station. Crouere has been a host on Northshore Radio's non-profit talk community station for more than 17 years.
Buffalo Bills Radio Voice John Murphy To Step Away After 35 Years
"Voice of the Buffalo Bills" John Murphy, who has spent the last 19 years as the team's radio play-by-play announcer, has announced his exit from the booth. Murphy previously spent 16 years as the Bills' color analyst, first getting involved with the team in 1984.
Buzz Knight’s ‘Takin A Walk’ Hikes Into Rock & Roll Hall of Fame
Buzz Knight's Takin A Walk music history interview podcast has announced the donation of select episodes to the Rock & Roll Hall of Fame Library & Archives. The podcast features thorough discussions with prominent figures in the music industry, past and present.
IAB: Podcasting Will Break $2 Billion Ad Revenue Barrier In 2024
The increase in podcast ad revenue may have been more modest in 2023, but the Interactive Advertising Bureau forecasts the medium will bring in more than $2 billion for the first time in 2024 after cresting the $1b mark only three years ago.
SiriusXM PGA Championship Coverage To Go Live from Louisville
SiriusXM has unveiled its live coverage plans for the 2024 PGA Championship from Valhalla Golf Club in Louisville running May 16-19. In partnership with Westwood One, SiriusXM will broadcast live play-by-play coverage daily throughout the tournament.
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