Holm To Helm Cumulus’ Stations In Two Michigan Markets
The General Sales Manager for Cumulus Media's five stations in Dallas-Fort Worth has just been appointed Regional Vice President/Market Manager for two of the company's markets in Michigan. He's already settling in to his new role in the Mitten State.
Salem Closes On Sale Of Ventura County, Calif., HQ
THOUSAND OAKS, CALIF. — The media company known for its Christian-themed and conservative Talk content that in 2021 relocated to Irving, Tex., has completed...
Townsquare Media Shareholders Easily OK Three Directors
Townsquare Media shareholders have overwhelmingly approved the election of three individuals who will serve as members of its Board of Directors. One of the three individuals earning fresh three-year terms is a former Emmis SVP who also oversaw broadcast radio properties for AMFM Inc.
‘Retro Reverie’ A Key Value In LEGO Icons Radio
Introducing the "Retro Radio," a 906-piece set made of LEGO pieces that promises "a delightful voyage through musical time, combining vintage charm with contemporary functionality."
Salem Quietly Posts Q1 Results That Repeat 2023 Concerns
Salem Media Group, the company led by Dave Santrella focusing on Christian-themed and conservative secular spoken word audio content, reported a slight decrease in its net broadcast revenue during Q1 2024 as the company net loss was statistically flat from one year ago.
The InFOCUS Podcast: iHeartMedia Q1 2024
CEO Bob Pittman and CFO/COO Rich Bressler offered a full analysis of how iHeartMedia performed in 2024 in an earnings call held directly opposite that of Townsqaure Media. This inFOCUS Podcast offers Pittman and Bressler's audio comments in full.
Saga Swings To a Net Loss In Q1
Radio broadcasting company Saga Communications, perhaps the lone "pure play" among U.S. station owners with a publicly traded stock, saw its net revenue decline in Q1 as expenses rose. This led to an operating loss for the first three months of 2024.
Townsquare Media Surpasses Analysts Estimates Despite Weaker Q1
While net revenue was down, as was adjusted EBITDA, it met Townsquare Media's guidance as operating income rose by 56.7%. That's a sign, says CEO Bill Wilson, that Townsquare is building momentum across the year, setting up the publicly traded company for a strong 2025.
Xperi Corp. Trims Its Net Loss, Reaffirms 2024 Outlook
The company behind the DTS AutoStage, HD Radio and TiVo is sticking with its previously announced guidance for 2024 as it released a Q1 2024 earnings report indicative of how it seeks to reduce its losses and soon turn a profit.
Media Companies Pitched To Invest In Tech Startups
"We partner with U.S. media companies to accelerate the growth of startups using the power of media capital." That's how a new independent media capital fund launching stateside describes itself, and how it is the first fund to invest media capital — namely digital and TV advertising — in tech startups.
NBCUniversal OKs An Olympics Pact With iHeartMedia
NBCUniversal has chosen an exclusive audio partner for the upcoming Summer Olympic Games from Paris. This will see iHeartMedia provide 24/7 play-by-play audio channels of select NBCU linear coverage of the Games; and create an original Olympic-themed podcast.
DoubleVerify: Tons Of Audio Devices Spoofed in March
The media effectiveness platform says it has found that fraudsters pretended to be some 500,000 devices, including phones and tablets, that used for music streaming. The reason? To fake engagement with audio ads.
Donna Henderson Sells Arizona Radio Pair
Donna Henderson has operated the lone AM emanating from the U.S. side of the Mexico border at Douglas, Ariz., as a regional Mexican station. Its FM sister features a Country format. Pending FCC approval, Henderson, whose late husband signed on the FM in March 1990, will soon be its former owner.
Cumulus Shareholders Reject Executive Compensation
It doesn't happen very often, but the shareholders of Cumulus Media have said no to an executive compensation plan at an annual general meeting convened by the company. However, it is an advisory vote, and RBR+TVBR has confirmed Cumulus is moving ahead with its suggested salaries.
After Many Tries, Cumulus Capital Structure Refinanced
One big task for Cumulus Media in the first half of 2024 was to push its 2026 debt maturity wall out by three years. This required debtholder approval of a plan to swap new debt for old debt, at a 60-cent per dollar discount. After several attempts, "Plan B" was put forth. That proved to be the charm.