Radio News

It's the home of not only nationally recognized syndicated sports talk hosts but also Fanrun Radio, from 7am-6pm local time.  Now, this 1kw Class C AM from 1 tower in Knoxville, Tenn., along with its FM translator, are poised to come under new ownership.

For a generation of radio listeners in Atlanta, he's a household name. Now, many are saying prayers as Steve McCoy, who has suffered from Parkinson's Disease for several years, has entered hospice care, local media reported on Thursday.

On Monday, early word came courtesy of iHeartMedia that it is agreeing to purchase four FM radio stations serving Atlantic City, N.J., and surrounding communities along the Jersey Shore, from Gary Fisher-led Equity Communications. The price the nation's No. 1 owner of radio stations is paying for the four FMs is now known.

How is a four-station radio group serving Southwestern Colorado, technically within the Albuquerque TV market, hooking listeners and advertisers now that the worst of the COVID-19 pandemic has largely subsided? Four Corners Broadcasting Regional Manager Ward Holmes shares his story in this fresh InFOCUS Podcast, presented by dot.FM. LISTEN HERE

Salem Media Group shares were down sharply in early trading on Wednesday, following the release of quarterly earnings that saw revenue beat analysts' forecasts while missing their prognostications on earnings per share. While Q2 offered mixed results, the third quarter does not offer a respite from weak advertising revenue trends.

Do you listen to the nationally syndicated offering The Bobby Bones Show, heard on iHeartMedia Country stations across the U.S.? You'll be pleased to know that the program will be sticking around a little bit longer, as the host who first emerged as a Top 40 DJ in Austin has reupped with iHeart.

Investors in audio content creation and distribution company Audacy may be a little nervous thanks to a 10-Q filing made Monday with the SEC that shares the company's status as a "Going Concern" — and how plans are in the works to sell "certain assets" in two top markets. As of 11am Tuesday, "AUDA" was off by nearly 13%, to 95 cents per share.

On a morning that saw Nexstar and iHeartMedia each deliver their second quarter 2023 results, radio industry pure-play Saga also released their fiscal health report for the period. Saga Communications has proven to be one of the Radio industry's strongest performers on Wall Street. And, against tough comps, Saga did it again in Q2.

The second quarter 2023 revenue from the nation's top owner of broadcast radio stations fell by 3.6% year-over-year. However, that is slightly better than the guidance range of down mid-single digits, iHeartMedia points out. The Digital Audio Group revenue was up 3% in Q2. But, Multiplatform Group Revenue slumped by 6%.

In late June, Gary Fisher sold one of the FMs in his stable along the Jersey Shore in a deal brokered by Kalil & Co. Now, Fisher is signing off on the divestment of four other FMs in South Jersey. The buyer of these properties? The current owner of Z100.

How did Audacy Inc., which will not be holding quarterly earnings calls for investors, debtholders and financial analysts, do in Q2? It topped analysts' revenue forecasts. Unfortunately, that's where the good news ends, as an enormous earnings per share loss was logged.

As RBR+TVBR previously reported, Urban One has not yet released its first quarter 2023 fiscal results. It is now known that the Q1 and Q2 2023 results will likely not arrive from the African American-focused multimedia company for perhaps another six weeks.

Entravision Communications, more than ever, is a company reliant on digital advertising prowess. While its DNA is entwined in broadcast television and radio, it is Digital that dominates Entravision's revenue today. In Q2, the stark difference between Digital and Audio and Television, even when combined, is clear.

On the company's second quarter 2023 earnings conference call for investors, debtholders and financial analysts, Beasley Media Group CEO Caroline Beasley noted that the radio station owner invested in eSports enjoyed healthy non-GAAP Station Operating Income and EBITDA improvement. This was fueled by reduced expenses, a smaller payroll, and digital growth. Did the Q2 2023 results beat the street?

Across the Southeast, Norberto Sanchez's Norsan Media has carved a niche by serving Spanish-language media consumers with a mix of media choices not available otherwise, with markets including Jacksonville, Fla., among Norsan's locales. Now, Norsan is agreeing to acquire a Class A FM and an FM translator in a market where it already has a presence with its regional Mexican "La Raza" offering.