Radio News

The creator of the aiWARE artificial intelligence program used by broadcast media companies around the globe reported Q3 2022 results on Tuesday that surpassed Wall Street expectations. But, perhaps the bigger news is that Ryan Steelberg will become CEO effective Jan. 1, 2023, and investors may not be happy about that.

How challenging was Q3 for Audacy? The audio content creator and distributor that owns former CBS Radio stations and owns the Cadence13 and Pineapple Street podcast firms was just shy on quarterly revenue, but missed the earnings per share estimate in a significant way. A big impairment charge played a role in the results.

In just the past few years, broadcasters have provided critical information as our country has gone through a pandemic, a contentious political atmosphere, and as of today a natural disaster in the form of Hurricane Nicole in Central Florida. Forecast 2023 brings together a panel of resourceful and savvy independent broadcasters who share their view of the industry and their commitment to their markets.

The second day of the ANA Multicultural & Diversity Conference saw the introduction of hybrid and virtual sessions. Perhaps the biggest of the virtual sessions involved the RAB's SVP of Insights, the President of iHeartMedia's BIN: Black Information Network, and the regional radio GM for TelevisaUnivision in San Diego, Las Vegas and the Rio Grande Valley.

Its "fast, reliable wireless networks" and "highest-ever number of total mobile phone net additions" — a surge that is likely tied to consumer ire over the July 8 Rogers service outage impacting some 12 million customers — is what's driving the Bell growth. It's not the Bell Media division, which is suffering from weak ad revenue.

Its heritage may be in Hispanic-targeted U.S. radio and television, but Entravision Communications is clearly a global digital advertising solutions company, based on its latest earnings report. In Q3, Audio net revenue was flat. But, digital revenue was up 29% and dwarfed that of both Audio and Television, which declined year-over-year due to fewer assets in the stable.

The talent incubator spans ten days and is led by broadcast professionals that bring their real-world industry knowledge from around the state and country to educate students. It will be held in May 2023 in Georgia.

Salem Media Group, the multimedia company known for its conservative Talk radio programming and stations and its Christian-themed audio content and publishing house, released its third quarter earnings results on Thursday. However, it is what the company is predicting for the fourth quarter that may be more noteworthy for investors.

Saga's interim CEO, Warren Lada, shared his thoughts on Ed Christian's legacy and how it will continue during the company's Q3 2022 earnings call on Thursday, as CFO Sam Bush reviewed the Q3 financials and SVP/Operations Chris Forgy offered additional thoughts on Christian and how the company's future looks. We've consolidated their comments in this  RBR+TVBR InFOCUS Podcast, presented by dot.FM. LISTEN HERE

The two Premiere Networks-syndicated media talents will participate in an exclusive Forecast conversation focused on "Secrets to Successful Brand Building: How Conversation Conquers All." Moderating the conference discussion is iHeartMedia Chief Marketing Officer Gayle Troberman.

Beasley Media Group, impacted across Southwest Florida from Hurricane Ian, had been absent as to when it will release its Q3 2022 earnings results. Minutes after Wednesday's Closing Bell on Wall Street, Beasley confirmed the results reveal will be in just five days.

The Hattiesburg, Miss.-headquartered International Black Broadcasters Association has emerged as a supporter of a Commission NPRM that would open the door to "ZoneCasting," something small and independent multicultural broadcasters will believe will attract more ad dollars.

SBS President/COO Albert Rodriguez has condemned Cox Media Group and Apollo Global Management for what he believes is a deliberate attempt to prevent audiences seeking to stream its recently acquired radio stations in Orlando and Tampa from accessing the respective FMs on a smart speaker. 

It is one of Europe’s most-listened-to providers of sonic branding, radio imaging and jingles. Now, it is partnering with a U.S.-based audio media sales and programming outfit to boost its sales efforts stateside.