Key Analyst Reduces Price Target on Fading SiriusXM Stock
Sirius XM has reported its Q2 2024 results, and Pivotal Research Group's Jeffrey Wlodarczak chimed in with his take on what are "mixed" results. While Sirius XM saw "modestly better than expected self-pay subscriber losses," he reduced his 2025 subscriber forecasts.
Bronx Bomber: Bachata FM Pirate Gets FCC Fine Affirmed
In mid-November 2023, the operator of an unlicensed radio station at 105.7 MHz, audible in parts of The Bronx, was handed a proposed fine of more than $2 million for his Spanish-language illegal operation branded as "La Mia Radio." The FCC has affirmed that suggested fine.
Are iHeartMedia Executives Meeting With PIMCO?
According to "people familiar with the situation" who spoke with a Bloomberg News reporter known for her prior work covering restructuring talks for Debtwire, iHeartMedia has started confidential conversations with a collection of debtholders led by Pacific Investment Management Co.
Cumulus Kicks Off The Q2 Earnings Parade On Friday
Cumulus Media, the audio content creation and distribution company that in addition to owning AM and FM radio stations is the parent of Westwood One, will have the honors of being the first broadcast media company with publicly traded stock to reveal its second quarter earnings results.
Univision CFO Steps Down For Health Reasons
TelevisaUnivision has confirmed that its Chief Financial Officer will be stepping down for undisclosed health reasons. An interim CFO has been named and will take on the role September 1.
Edison Research: ‘Substantial Shifts’ in Americans’ Audio Day
The past decade has seen some substantial shifts in the amount of time U.S. listeners age 13+ spend with various types of audio in an average day. How significant these shifts are were detailed in a just-released report from Edison Research.
‘AM Radio For Every Vehicle Act’ Gets Automaker Fight
Time is ticking for AM radio on Capitol Hill and automakers continue to spend big in their attempt to ensure the clock keeps running. Led by General Motors, five car manufacturers shelled out millions in Q2 lobbying against a mandate to keep AM radio in the dashboard.
Veteran Radio Programmer Jody Denberg To Retire
The Austin radio programming veteran is ready to conclude his career in radio some five years after the end of his former longtime home, KGSR. His final show will be from Noon-4pm Central on Friday. Denberg will be celebrating — it will be his 65th birthday.
Townsquare Media Sells Trenton, N.J. AM
The "local first" digital and broadcast media company has agreed to part ways with a station in a city that's home to its highest-billing property. It allows Townsquare Media to focus on its two giant FMs, and an AM devoted to inspirational programming, as its second kHz-band station is being spun.
As Paris Olympic Games Open, iHeartMedia Celebrates
As the 2024 Summer Olympics begin in Paris, iHeartMedia has launched its exclusive audio coverage of the games thanks to its previously announced partnership with NBCUniversal. Events can be heard directly through select iHeartMedia broadcast stations and on dedicated digital platforms via the iHeart app.
Radio’s Growth Future: All Digital?
In October, BIA Advisory Services' initial forecast for 2024 had local advertising revenues hitting $175.6 billion. In March, that forecast was tempered by 2% to $172 billion. Now BIA has readjusted that forecast one more time while adding a first look at 2025.
SiriusXM Shareholder Simplification Set For September Completion
Liberty Media Corporation has announced the date it expects to complete its merger with SiriusXM to simplify the satellite broadcaster’s ownership structure. “New SiriusXM” will combine multiple ticker symbols – including LSXMA, LSXMB, and LSXMK – into SIRI.
Stolz Saga Drags On With Chapter 7 Trustee Complaint
The court-appointed Chapter 7 Trustee in the bankruptcy case involving former radio station licensee Ed Stolz has filed a complaint in a Nevada federal court indicating that he failed to share the fact that he owns land in a Sacramento suburb and a home nearby, too.
A Unified Partnerships Leader for iHeart
Sara McClure has been named Vice President of Unified Partnerships for California at iHeartMedia. This sees a successor take her role leading Sacramento.
Warshaw Spins Frederick, Md., Radio Combo
In mid-May, Jeffrey Warshaw shared in an InFOCUS Podcast how his radio properties in three distinctive suburban areas helped make Connoisseur Media a small but influential operator. Now, Connoisseur has made the decision to focus solely on its properties close to New York City.