Friday, December 13, 2024

Stu Rosenstein, CFO, Townsquare Media

The InFOCUS Podcast: Stu Rosenstein

How does the Townsquare Media CFO view his company's potential revenue intake from digital advertising in the coming quarters? "The sky's the limit," he told attendees of the BofA Securities Leveraged Finance Conference, held Tuesday. Stu Rosenstein also shared that a Term Notes issuance is coming, and this InFOCUS Podcast has the details.
Andrew Curran

Radio Marketing Budgets: A 14% Increase In 2025

As radio faces competition from an ever-increasing number of platforms, radio marketing firm DMR/Interactive is projecting a 14% increase in station marketing budgets across the radio industry in 2025, following years of single-digit declines.
Bell Media

La Consolidation: Bell Media ‘Join Forces’ In Québec

In a move that the company says will "strengthen" its positioning in the province, Bell Media will "regroup the expertise" of both its Québec teams under the leadership of its provincial VP of Content Development, Programming and News. Just don't call it a reduction-in-force initiative.

A ‘Major Initiative’ Comes to Grow Public Media Newsrooms

A nonprofit dedicated to "fostering vibrant local media that connects, informs and inspires communities" is launching a new initiative to help local public media organizations better understand and meet the information needs of their communities.

EMF Completes Volunteer State HQ Relocation

 K-LOVE and Air1 parent organization Educational Media Foundation has officially relocated its headquarters from California to Tennessee. The new 166,000-square-foot facility includes ten broadcast studios for K-LOVE and Air1 radio networks and podcasts.

Creditors Victorious in Rocking M Bankruptcy Battle

After nearly five years, creditors owed funds by the former radio station licensee led by Doris and Monte Miller will be getting their dollars. It is thanks to successful litigation that involved one of the biggest law firms on the West Coast.
Audacy Logo

WARC Teams With Audacy To Address ‘Audio Investment Gap’

New market research from WARC and radio station owner Audacy explores the perceptual barriers that are driving the gap between audio advertising spend and audio consumption in the U.S. "This white paper challenges long-held assumptions and demonstrates audio's ability to drive multi-platform, full-funnel impact for advertisers."

Forever Spins a ‘Rocky’ FM Translator In Keystone State

Until now, it has simulcast the programming of WYCR-FM in the York, Pa., market, for listeners in nearby Lancaster. Soon, that will end, with the word of God coming to this 250-watt FM facility in Amish Country.

Dead Zone For Stephen King: Trio Of Stations To Close

Among his 65 novels are works titled "Desperation," "End of Watch," "If It Bleeds," and "The Dark Tower." Little did we know that those names would be apropos for what's coming in days to Stephen King's trio of radio brands in Maine. King is signing his stations in the Bangor, Me., market off the air after 41 years at the end of 2024.
Raúl Alarcón Jr.

SBS Head Cheers ‘Extraordinary’ Financial Prowess Despite Revenue Clip

"Management changes" — specifically the departures of Albert Rodriguez as President/COO and José I. Molina as CFO — implemented at the start of 2024 are continuing to bring operational positives to Spanish Broadcasting System (SBS), the company's founder and Chairman/CEO shared while revealing mixed Q3 2024 results.

Bloomberg Audio Stays With Audacy Via Fresh Multi-Year Deal

Radio program syndicator Key Networks and client Bloomberg Audio have extended their relationship with Audacy Inc., one that sees Bloomberg content air across "the majority" of the privately held company's spoken word radio stations.

Stout Sale For A Milwaukee FM Translator

A few years ago, an FM translator with a signal covering suburban Milwaukee was purchased by Dave and Connie Stout. Today, that facility holds a Construction Permit for a Milwaukee-based facility due south of Whitefish Bay, and that's what made it attractive enough for a nonprofit broadcast ministry to buy it.

Financial Troubles Lead To Sale of West Tenn. FM

In September 2022, a 6kw Class A “ESPN Radio” affiliate at 96.5 MHz in Parker’s Crossroads, Tenn., was sold by Crossroads Broadcasting to News Talk West Tennessee LLC in a deal valued at $500,000. Two years later, the FM that reaches Lexington and Huntingdon, Tenn. due northeast of Jackson, Tenn., has run out of time due to fiscal challenges.
John Fredericks

Conservative Talker and Radio Licensee Adds In W. Va.

John Fredericks, the Virginia-based conservative talk show host whose show can be heard on stations across the south and in the Pittsburgh and Philadelphia, markets, is growing his regional radio station stable by agreeing to purchase a group of West Virginia properties.

Norsan Adds Another Property On Florida’s First Coast

A Class C3 FM presently home to a Classic Country format simulcast on W262AG, explaining the "JAX Country 100.3" branding, is being sold. When the deal is done, the buyer will have no less than six brands superserving Spanish-speaking and Latino audiences in the Jacksonville market.