Radio News

Across multiple Q2 2022 earnings calls, broadcast media executives noted that there's an auto insurance specialist ad-sales slump taking hold. The category, more competitive than ever, has seen Liberty Mutual Insurance aggressively go after State Farm, Allstate and GEICO, as well as the top spot holder in the latest Media Monitors Spot Ten Radio report.

Audacy Corp., ahead of the release of its Q2 2022 earnings report, shared that it received notification from the New York Stock Exchange on August 1 that its Class A common stock is not in compliance with the NYSE’s continued listing standard. It has not been in compliance since June 28.

As CFO Sam Bush reviewed the "very good performance" for Saga Communications in the second quarter of 2022, he shared one particularly notable trait that puts the radio broadcasting pure-play in a unique position — political ad dollars have yet to make a significant impact for the publicly traded company. No matter. Saga's net operating revenue and net income both jumped ahead nicely, likely making lead shareholder Daniel Tisch and his Towerview LLC pleased.

The audio content creator and distributor that owns Cadence13 and Pineapple Street has partnered with CBS Sports Digital. The agreement makes Audacy the exclusive, multi-year ad sales and distribution partner for CBS Sports' network of sports podcasts.

In Q2 2022, both Townsquare Media Group and Beasley Media Group took an impairment charge. Beasley explains it did so "due to an increase in the discount rate used in the analyses to estimate the fair value of FCC licenses and goodwill in a rising interest rate environment." What exactly does that mean? One veteran media broker, along with BIA Advisory Services leaders, shared with RBR+TVBR in layman's terms exactly why an impairment charge would be taken.

There was little to slow down the company dedicated to serving consumers with Christian-themed and conservative talk radio programming in the second quarter. Net broadcast revenue grew, while net income surged. The third quarter guidance is also growth-focused.

RBR+TVBR's review of the broadcast media industry's second quarter 2022 earnings reports continues with audio highlights from Cumulus Media's Q2 2022 call, featuring CEO Mary Berner and CFO Frank López-Balboa. It's all here in this 20-minute InFOCUS Podcast, presented by dot.FM.  LISTEN HERE

Digital comprised the bulk of the Entravision Q2 '22 revenue results, growing by 34%. The growth was offset by a 5% drop in its Television arm, due to the reduction of assets in three markets. How did Entravision's Audio division perform?

"Our ability to deliver yet another quarter of strong results is testament both to the quality of our strategic plan and the discipline and relentlessness with which we implement it." That's a quote from Cumulus Media President/CEO Mary Berner, offered ahead of the company's second quarter 2022 earnings call on Wednesday.  Indeed, Cumulus' Q2 '22 results are highly positive.

Legendary Los Angeles Dodgers play-by-play announcer Vin Scully, who retired in 2016, has died. Tributes from across the entire sports world and broadcasting landscape came early Wednesday, including from the NAB.

According to the Boston Globe, the acquisition involves Moonbeam. English did not share with the newspaper how much he's pocketing from the spin. But, he told the newspaper it is a big enough sum to fund Boston Venture Studio’s operations for two years.

A letter is circulating across the U.S. Senate courtesy of two colleagues, one Democrat and the other Republican, urging lawmakers in the Upper Body of Congress to add their names to the list of co-sponsors in support of the NAB-backed "Local Radio Freedom Act." Currently, 27 Senators are co-sponsoring the LRFA.

What are the key discussion points for financial analysts covering Townsquare Media? We've condensed the company's Q2 2022 earnings call to focus on queries from Noble Capital Markets and Barrington Research, answered by Townsquare CEO Bill Wilson, and present them to you in this InFOCUS Podcast, presented by dot.FM. LISTEN HERE

As the 2022 NAB Show began in Las Vegas, France-based Thomson Broadcast signed a definitive agreement to acquire GatesAir from an affiliate of The Gores Group. The transaction was expected to close in the second half of 2022. That's correct. In fact, the deal closed on August 1.

The FCC has adopted a Memorandum Opinion and Order considering 27 groups of mutually exclusive (MX) applications for new non-commercial FM station construction permits. As such, the Commission has tentatively selected one application from each MX Group for acceptance and future grant.