Radio News

Townsquare Media Chairman/CEO Steven Price is satisfied with his company's Q1 performance. Saying that the year has started off well for the owner of small- and medium-market radio stations, in addition to a growing live events division, Townsquare saw its net income dip and its net loss widen. Tough comps due to political dollars seen in Q1 are the key reason for the fall.

Confirming rumors that a deal was imminent, Emmis Communications has agreed to sell its CHR/Rhythmic KPWR-FM 105.9 "Power 106" in Los Angeles to an affiliate of the Meruelo Group for $82.75 million.

Salem Media Group on Monday (5/8) made two big revelations. First, its Q1 2017 net revenue was flat while net income saw a nice rise. Second, Salem says it intends to offer some $255 million aggregate principal amount of senior secured notes due 2024 in a private offering. Moody's Investors Service chimed in, and has assigned a rating to the notes.

Salem Media Group intends to offer some $255 million aggregate principal amount of senior secured notes due 2024 in a private offering that's exempt from the registration requirements of the Securities Act of 1933. The news comes as the conservative and Christian-themed media company saw its Q1 net income soar on flat revenue.

In last week’s Media Monitors Radio Spot Ten report, Discover Card -- along with AutoZone -- proved to be big spenders at the AM and FM stations tracked. Who was the top advertiser at broadcast radio? Find out now!

Entercom head David Field delivered a key message to the media world in his Q1 conference call with financial analysts: It's merger with CBS Radio creates a big No. 2 for the radio business, and gives Entercom the power to become a much-needed industry advocate with new clients and light advertisers. Read what he has to say, and enjoy our RBR+TVBR Observation on why David Field just may be the leader a stagnant industry needs.

On a day when Entercom's head revealed that his company's revenue, "on an apples-to-apples basis," was essentially flat, CBS Radio made good on its "business as usual" mantra ahead of its tax-free merger with Entercom by ensuring its 117 stations across 26 markets continue to receive measurement services from the ratings giant.

Entercom enjoyed a strong Q1, beating the Street on its revenue. However, its net income missed the estimates of Wall Street analysts—by a penny. Here's the breakdown on how the company that's entering a tax-free merger with CBS Radio fared during the first three months of 2017.

With Entercom Communications set to release its Q1 2017 earnings results on Monday morning, CBS Corp. on Thursday afternoon shared details of its revenues at CBS Radio, which is on track for Entercom's full takeover in the second half of 2017. In an SEC filing, CBS revealed that its already "discontinued operation" had a lackluster Q1.

Wall Street investors know a good buy when they see it. This could explain why Saga Communications continued its stellar performance on Wall Street in Thursday's trading — despite a first quarter of 2017 that saw its net operating revenue slip and its net income slide. This was due to a loss of political dollars. Without them, Saga's faring better than some other media companies.

The nation's premier broadcasting company serving African American consumers lowered its net loss in the first three months of 2017. But, net revenue decreased 7.1% in Q1 for Radio One, and there are two big reasons why the company suffered to start the new year. Meanwhile, there's promise at TV One, and RBR+TVBR spoke directly with Alfred Liggins III about why cord-cutting isn't impacting a company set to usher in a new era on May 5.

An offer totaling $5 million that Louisville Public Media says would have preserved the Adult Alternative format in the Cincinnati and Dayton, Ohio, markets has been rejected by Northern Kentucky University. An NKU spokesperson says the school "is in the middle of an active process to sell WNKN, and the Board of Regents is pleased with the process."

A defamation case involving a Univision Communications radio station in Los Angeles and Facebook has concluded with a jury delivering a swift below to the plaintiff, swatting down a verdict that could have cost the Hispanic and millennial-focused media company upward of $77 million. We've got an RBR+TVBR OBSERVATION on the matter.

Red Rock Radio Corp. has been busy liquidating its assets over the last several months. On Wednesday (5/3), it agreed to part ways with a 1kw Class C AM in Minnesota. The facility serves a rural area to the north of Duluth. The deal marks Red Rock's exit from radio ownership.

Here's an opportunity you may not want to flush down the drain. A popular afternoon-drive show airing on an Entercom Rock station in Seattle is getting a national roll-out on June 5, thanks to a partnership with Westwood One.