Radio News

The last time ViacomCBS had anything to do with audio, CBS Radio was a part of CBS Corporation, and a reunification of CBS and Viacom hadn't yet been consummated. Guess what? ViacomCBS is talking audio. Only, the discussion is fully focused on podcasts. And, iHeartMedia is involved.

Of all of the audio media companies to report its quarterly earnings results, one sticks out for its bold decision to dare to compare its Q1 2021 results to that of Q1 2019. That would be Townsquare Media, where digital ad prowess is now propelling its stock in noteworthy ways.

All seems great for Salem Media Group. Yet, the company's stock price is now two months into a decline that has put a firm break on a big Wall Street recovery.

On Tuesday, Saga Communications shares rocketed upward by 30%. This immediately led to questions as to why that even CFO Sam Bush couldn't answer, when contacted by RBR+TVBR. Now, a SEC filing shows what led to the jump, and small retraction in share value seen Wednesday.

More radio stations reported running local news in 2020, new research from the RTDNA finds. There's one twist to that data, however. An increase among AM stations was seen, offsetting a slight decrease among FMs -- even with NPR member stations experiencing a pandemic surge in consumption.

A firm date has been given to Mark Chernoff's last day before retirement. At the same time, Audacy has revealed who will be taking on the VP/Programming role for what is perhaps the company formerly known as Entercom's most prestigious asset: Sports Radio WFAN-AM & FM in New York.

The operator of a "positive & encouraging Christian radio" non-commercial Contemporary Christian Music network found in multiple Florida markets in mid-April agreed to buy an FM serving Daytona Beach south to the Space Coast. Now, it is buying properties in the Treasure Coast and in the state capital of Tallahassee.

If you didn't think anyone could make money podcasting, think again. The Interactive Advertising Bureau (IAB) has just released its U.S. Podcast Advertising Revenue Study, and it reveals that podcast advertising will grow as much in the next two years as it did in the past decade. Podcast Business Journal has this report.

Adam Curry — once-known for his stints on Z100 in New York and on MTV — is reinventing podcasting with a new open-source platform called Podcasting 2.0, a collection of open technologies designed to enhance the RSS podcasting ecosystem. On July 14 at the How to Make Real Money Podcasting conference, Curry will participate in a keynote interview.

Saga Communications shares enjoyed an unprecedented surge in value in the final 30 minutes of trading on Tuesday. The result? A 30% day-to-day increase in value for the pure-play radio company. What could have ignited the leap? Very low net leverage could be one reason.

It's always a vote of confidence to longterm investors when an officer of a company purchases a big chunk of its own publicly traded shares. That's just happened at Beasley Media Group. And, while financial blog Simply Wall St. says "it may not be a huge deal," it is good to see. But, just who acquired the shares?

For advertisers seeking to reach audiences via "live radio," streaming music and podcasting, there's a new solution — courtesy of a company built on siphoning in-car audio consumers away from AM and FM stations.

Townsquare Media's digital growth story is one that has been building for several quarters. In Q1, the revenue climb continued. The digital prowess, combined with "strong expense management," led Townsquare to see its adjusted EBITDA climb by 30% from Q1 2020 and by 7% from Q1 2019. "Adjusted" is the key word when reviewing the numbers.

Three radio station owners released their third quarter earnings reports following Thursday's Closing Bell on Wall Street. One saw digital prowess while its recovery across its streaming and broadcast radio assets came in ahead of expectations: iHeartMedia. In response, its stock soared on Friday. In contrast, Audacy was down on downbeat earnings.

A blog devoted to General Motors trucks this week anwered a most intriguing question: Why do the Chevy Silverado and GMC Sierra pickup trucks still use a "whip antenna"? The answer was simple: AM and FM radio reception in rural areas demands it.