Radio News

One of the nation's largest radio stations owners, one with a big stake in podcasting, has just lured a SHOWTIME Networks marketing pro to take on the newly created position of Head of Marketing for Podcasts.

With iHeartMedia offering "The Best of Rush" for the foreseeable future, is there an opportunity for other radio broadcasting companies -- including Entercom -- to snag some of Rush Limbaugh's listening audience? CFO Rich Schmaeling and CEO David Field answered this question, presented by a top analyst, on Entercom's Q4 earnings call.

During its “Stream On” event, Spotify announced that it plans to launch a Hi-Fi streaming plan offering lossless streaming in CD quality later this year in selected markets. This announcement is significant. But, is it noteworthy and of concern to radio broadcasting companies in the U.S. and Canada?

"Given 2020's extenuating circumstances, I am extremely proud of the company's performance and the efforts of the entire Cumulus team to meet the challenges posed by COVID-19." That statement from Mary Berner set the tone for Cumulus as it released its FY '21 and Q4 results. Just how healthy is Cumulus and all of its divisions, including Westwood One?

Radio station owner SummitMedia has entered into a strategic partnership expected to accelerate growth for both companies in the fast-growing, global podcasting business.

Urban One stock appears to have solidified a "new normal." With Monday's Closing Bell on Nasdaq, UONE is valued at nearly seven times as high as where its shares were before the coronavirus and George Floyd became universally known. And, it comes on a report that Urban One is teaming up for a $517 million Richmond casino project.

Starting March 8, a man who was GM of WGCI-AM & FM in Chicago in the 1980s will be taking his talents a few miles to the west of South Beach. He's been named VP/GM of ViacomCBS's two broadcast TV properties serving Miami, Fort Lauderdale and the Florida Keys.

"Radio is one of the best performing media to help brands recover from a recession." Really? For broadcasters across Great Britain, that seems to be the case, new research from Ebiquity indicates. What learning lessons are there for U.S. radio broadcasting companies that can't seem to propel themselves out of the COVID-19 bog?

On December 21, 2020, Entercom Communications stock sat at $2.13, ending a push to $3 that stalled out earlier in the month. Some believed this would signal a return to sub-$2 trading, seen from mid-June through October 2020. The exact opposite happened. Entercom shares are up 194% since just two months ago.

The Region President for iHeartMedia's St. Louis; Des Moines; Cedar Rapids-Iowa City; Quad Cities; and Springfield, Mo. radio stations and associated digital assets is packing up and returning to Virginia's Tidewater region.

The Acast team tells Podcast Business Journal it should be business as usual for podcasters that use RadioPublic to host their podcasts. RadioPublic co-founders Chris Quamme Rhoden (CTO) and Matt MacDonald (Chief Product Officer) will join the Acast team.

With a $230 million price tag, iHeartMedia clearly sees the value in Triton Digital, which it is purchasing from The E.W. Scripps Co. Veritonic is just one company that has marketing intelligence tools wrapped around digital audio marketing. In this podcast, presented by DOT.fm, Veritonic founder and CEO Scott Simonelli shares his thoughts on the impact of this transaction. LISTEN HERE

Publicly traded Hispanic-centric multimedia company Spanish Broadcasting System (SBS) has completed its recapitalization effort and has closed its previously announced offering of notes due 2026. But, here's the big news: That Delaware Chancery Court matter regarding its Series B Preferred Stock is over.

On July 28, 2019, a 27-watt low-power FM radio station "proudly returned live morning radio" to a small city some 50 miles to the north of Columbus, Ohio. That tiny voice of Marion, Ohio was ordered by the FCC to cease broadcasting. It now appears that directive is a result of pandemic-related communications flaws.

While the nation's leading radio broadcasting companies have shunned it, TuneIn remains one of the leading live streaming and on-demand audio platforms on a global level. As such, it is ramping up its C-Suite with the appointment of a Chief Technology Officer, a Chief Revenue Officer and Chief Product Officer -- among other changes.