Radio News

The sounds of 1960s-era Top 40 tunes will soon be gone from an AM with an FM translator serving the San Joaquin Valley city of Modesto, Calif. Threshold Communications has agreed to a sale of the facilities.

It is now a bit clearer as to why Robb Timm left an Annapolis, Md.-based FM station owned by Steve Kingston, the longtime radio industry programming executive, after 18 years to join a noncommercial, similarly formatted FM in Baltimore. Kingston is selling WRNR-FM, and the buyer won't keep the station's blend of programming.

One of Canada's biggest multimedia companies, which in July experienced a chilling days-long service outage, experienced a rather noteworthy achievement in Q3: Rogers Communications added 221,000 new cellphone customers. That said, the damage to the company, which owns radio and TV stations, from that massive outage was seen in the quarter.

Sports wagering is the newest hot category for broadcast media. And, it continues to evolve and expand due to regulations increasingly relaxed over the past four years. That's why Forecast 2023 will feature a fast-paced, far-reaching interview featuring SeventySix Capital Managing Partner Wayne Kimmel, conducted by former CBS Radio CEO Dan Mason.

"A combination of economic pressures and a dramatic turnover in the composition of local businesses will inflict a double-whammy on local advertising next year." That's the prognostication from 2023 Borrell forecasts. A Forecast 2023 conference session will discuss the subject in-depth.

Who says AM and FM radio is dying? A just released research study from U.K.-based Research and Markets finds that the global market for Radio broadcasting will grow at a compound annual growth rate of 5.6% over the analysis period of 2020-2027.

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