Boston, N.Y. Radio Talent Dick Summer Dies
He was an iconic Boston radio personality known for the overnight show Nightlight on WBZ-AM 1030. He also worked in New York at major AM and FM radio stations. Now, many are paying their respects to Dick Summer, who has died of pneumonia at the age of 89.
Compulsory ‘DIRS’ Reports Are The Wrong Focus, Says NAB
Would mandatory Disaster Information Reporting System reporting help or hinder broadcasters in the event of an emergency? This is the question raised by the NAB in comments on the FCC’s proposal to require just that, should the worst occur.
SPECai Adds Adams, Southern Stone To Client Roster
It was a smash hit on the expo floor of the 2024 NAB Show. Now, ENCO Systems, Benztown, and Compass Media Networks are celebrating the signing of agreements for the use of an AI-powered sales "spec spots" tool by two small independently owned radio station ownership groups.
What’s Next for Radio and the FCC?
In September, as Anna Gómez settled in as a Commissioner, the radio industry wondered, "Where is radio on the FCC’s priority list?" Sure, the 2018 Quadrennial Review would have to be dealt with, but otherwise, it looked like non-radio issues would dominate. What a difference eight months makes.
Financial and Valuation Trends For Local Advertising Consumer Hubs
The profitability of broadcast and audio companies has become a subject of keen interest across the last five years. To provide an in-depth analysis, BIA VP/Media Valuations Lauren Ross teamed with CEO Tom Buono to pen a media ecosystem review that focuses on six sectors that seek local ad dollars.
An A.I. Content Service Arrives For N/T Radio
WP Media has launched a new AI content-creation service for News and Talk stations in its Radio Content Pro product line. The service provides a rich mix of constantly updated, fresh content designed specifically for spoken word radio stations in the U.S.
Holm To Helm Cumulus’ Stations In Two Michigan Markets
The General Sales Manager for Cumulus Media's five stations in Dallas-Fort Worth has just been appointed Regional Vice President/Market Manager for two of the company's markets in Michigan. He's already settling in to his new role in the Mitten State.
Salem Closes On Sale Of Ventura County, Calif., HQ
The media company known for its Christian-themed and conservative Talk content that in 2021 relocated to Irving, Tex., has completed the sale of its former Ventura County, Calif., headquarters, while entering a sale leaseback agreement with its new owner.
Townsquare Media Shareholders Easily OK Three Directors
Townsquare Media shareholders have overwhelmingly approved the election of three individuals who will serve as members of its Board of Directors. One of the three individuals earning fresh three-year terms is a former Emmis SVP who also oversaw broadcast radio properties for AMFM Inc.
‘Retro Reverie’ A Key Value In LEGO Icons Radio
Introducing the "Retro Radio," a 906-piece set made of LEGO pieces that promises "a delightful voyage through musical time, combining vintage charm with contemporary functionality."
Ahead Of Chapter 11 Exit, Audacy Narrows Net Loss In Q1
Audacy Corp. joined the many broadcast media companies that decided to release its financial results for the first three months on Thursday. How did the company founded by CEO David Field's father, Joseph, fare?
Salem Quietly Posts Q1 Results That Repeat 2023 Concerns
Salem Media Group, the company led by Dave Santrella focusing on Christian-themed and conservative secular spoken word audio content, reported a slight decrease in its net broadcast revenue during Q1 2024 as the company net loss was statistically flat from one year ago.
The InFOCUS Podcast: iHeartMedia Q1 2024
CEO Bob Pittman and CFO/COO Rich Bressler offered a full analysis of how iHeartMedia performed in 2024 in an earnings call held directly opposite that of Townsqaure Media. This inFOCUS Podcast offers Pittman and Bressler's audio comments in full.
Saga Swings To a Net Loss In Q1
Radio broadcasting company Saga Communications, perhaps the lone "pure play" among U.S. station owners with a publicly traded stock, saw its net revenue decline in Q1 as expenses rose. This led to an operating loss for the first three months of 2024.
Townsquare Media Surpasses Analysts Estimates Despite Weaker Q1
While net revenue was down, as was adjusted EBITDA, it met Townsquare Media's guidance as operating income rose by 56.7%. That's a sign, says CEO Bill Wilson, that Townsquare is building momentum across the year, setting up the publicly traded company for a strong 2025.