Radio News

A year-long saga involving a now-deleted Class C1 radio station in Palacios, Texas, is now over. It's not necessarily good news for independent broadcaster Roy Henderson: The cancellation of this station's license, and subsequent negation of the station's sale, has been upheld by the FCC.

The seven-year Director of Traffic and Weather Operations at a big Hubbard Radio station has just joined iHeart-owned Total Traffic & Weather Network to oversee its operations in the New York Tri-State Area.

On Oct. 24, an SEC filing revealed that iHeartMedia offered its lenders under its Term Loan D and Term Loan E facilities, and certain priority guarantee noteholders, an out-of-court exchange offer with minimum participation thresholds. It now appears this counter proposal was nixed by iHeart's lenders, as iHeart has again extended the deadline for participation in its Term Loan Offers and Exchange Offers -- and the terms remain just as they did seven months ago. With that, iHeart shares plunged today.

The nation's biggest radio broadcasting company on Wednesday morning released its Q3 results. While the iHeartMedia segment extended its year-over-year revenue growth to 18 consecutive quarters, consolidated revenue decreased 1.9% and operating income slid by 23.7% in the three month period ending Sept. 30.

After 13 years, there's a change in the role of Managing Director at one of the nation's biggest media brokerage firms. At the same time, it is welcoming a Research Director widely known for his experience as a software developer and voice artist.

The Spanish Broadcasting System (SBS)-owned Aire Radio Networks has added an EVP/National Radio Sales and a SVP/National Radio Sales for the national radio platform which creates, distributes and markets Spanish-language radio programming across the U.S.

What is the new approximate revenue for Entercom, minus all of its spin-offs, that the radio broadcasting company will see come Nov. 17, when it expects to complete its merger with CBS Radio? We've got the numbers, courtesy of BIA/Kelsey.

“The highlight of Townsquare Media’s third quarter was, without a doubt, the strength of our Local Marketing Solutions segment," co-CEO Bill Wilson noted as the owner of radio stations and festival event marketing company revealed its Q3 earnings results. That's where the good news ends. Both net revenue and net income were down, and Townsquare missed Street estimates with its disappointing report. The reason has nothing to do with its radio stations, and a big corporate review is underway that could see Townsquare become a radio pure-play.

Entercom has followed the lead of CBS Radio by making major announcements via staff memos that eventually make it into the hands of the radio industry trade press. As first reported by Streamline Publishing's co-owned Radio INK, Entercom Market Managers will be adding the SVP title. For industry veterans, the big news involves the naming of a well-known former executive as SVP/Market Manager of Entercom's properties in the nation's No. 3 market.

Greg Ashlock and Hartley Adkins have just been promoted in a big way by the nation’s No. 1 radio broadcaster. In his new role, Ashlock will now manage the entire iHeartMedia Markets Group, including the company’s more than 850 radio stations. Adkins will join the corporate group in New York.

They say beauty is in the eye of the beholder. At first glance, Pandora looks like it's on the comeback trail, thanks to a healthy jump in subscription and advertising revenue. But, as one gets a better look at the streaming audio company's Q3 numbers, the pale reality of the situation Pandora faces fully comes to light. Pandora has some steep acquisition costs, and higher operating costs, and this led to a decline in its gross profit for the quarter.

While the radio division of The E.W. Scripps Co. accounts for a much smaller revenue percentage than its television segment, there's something very noticeable going on with its digital revenue. Scripps' radio revenue was nearly overtaken by its digital segment in Q3.  There's just one problem: Digital profits aren't being realized.

Urban One, the media company formerly known as Radio One, saw a 1.1% revenue increase, to $112.1 million, in Q3. That's the lone bit of good news for the media company superserving African American consumers, however, as its net loss widened considerably from the third quarter of 2016.

Is David Field the radio industry's new King of the Mountain? Many on Wall Street, along with several industry observers RBR+TVBR has spoken with in 2017, say yes. Entercom's Q3 earnings results also suggest that the company's President/CEO is not only a strong leader for the company merging with CBS Radio in less than three weeks, but also a strong industry champion that can loudly tout the enduring ROI abilities of AM, FM and its digital components.

Tired of having to switch streaming audio platforms in order to listen to your favorite iHeartRadio stations and Alpha Media stations via a smartphone, laptop, or tablet? That's no longer a problem. Effective today, all of Alpha's 200-plus stations are available to iHeartRadio users.