Industry News

PodcastOne Moves Network of Programming to ART19

PodcastOne announces that it is moving its existing network of programming to hosting service ART19. The Amazon-owned podcast distribution and monetization service lets customers manage content and ad operations in one place. PodcastOne says this change enables it to “unlock new monetization streams,img optimize operations, and deliver even more value to advertisers and content creators alike. Additionally, by leveraging ART19’s advanced tools for dynamic ad insertion, PodcastOne can implement programmatic advertising and direct sponsorship integrations. PodcastOne president and co-founder Kit Gray states, “We’re not only ensuring the stability of our current monetization streams but unlocking new growth opportunities by leveraging ART19’s cutting-edge technology and advertising opportunities. This move underscores our commitment to innovation and delivering exceptional value to our talent, advertisers, listeners and shareholders.”

Industry News

Premiere Networks Launches “The 47 Morning Update” Podcast

Yesterday morning (1/20), Premiere Networks debuted “The 47 Morning Update,” a podcast hosted by Ben Ferguson. The new 12- to 15-minute program is available Monday through Friday, with a weekly recap onim Saturdays, and spotlights the latest news and political headlines and stories, with a special focus on the Trump administration’s policies and agenda. Ferguson says, “I’m excited to launch this short-form podcast, taking listeners behind the scenes of the Trump administration to tackle the biggest stories the media won’t cover. ‘The 47 Morning Update’ will deliver unfiltered insights, exclusive interviews, and honest commentary on the issues shaping America today, straight from President Trump’s Oval Office.” Premiere Networks president Julie Talbott comments, “We’re thrilled to present this short-form podcast hosted by Ben Ferguson. We are confident that Ben’s fresh and vibrant style of entertainment will offer audiences a crucial means to stay informed and engaged in the national conversation.”

Industry News

WHERE MUSIC MEETS TALK: Legendary Air Personality Cousin Brucie Morrow Now Available to Stations Across the Country from Red Apple Music Networks

Cousin Brucie

Red Apple Music Networks, the music radio unit of Red Apple Audio Networks, has expanded its national syndication with one of America’s most popular, trusted, and beloved music radio personalities Bruce “Cousin Brucie” Morrow. “Cousin Brucie‘s Rock & Roll Party” airs live on Saturdays from 6:00-10:00 pm ET and is the second music radio program from the network, whose flagship is the iconic talker 77WABC, New York.

Cousin Brucie has a long and storied career with 77WABC, where he was on the air during the early days of rock ‘n’ roll and introduced fans to The Beatles, Motown, 60s Soul, surf music, and more. He even interviewed The Beatles when they first came to the U.S. in 1964!

Fast forward to 2020… John Catsimatidis purchases 77WABC and brings Cousin Brucie, who had been on SiriusXM, back to radio and his legions of fans. Last year, when Now and Then, a new Beatles song that used AI to fill in John Lennon’s voice, Paul McCartney recorded a personalized message for Cousin Brucie to play on his “Rock & Roll Party.”

“We are giving radio stations across America the opportunity to experience the success we have had with Cousin Brucie in New York,” said Catsimatidis. “Brucie is passionate about his show, the music, and his listeners and that is a large part of why his fans are so loyal.”

Red Apple Music“Cousins, being on radio again, playing the best music, and connecting with listeners is as exciting for me now as it was in 1964,” said Morrow. “The magic of radio, the beauty of theater of the mind is unduplicated. I’m looking forward to the fun we’re going to have on radio stations across America!”

Morrow has 80,000 followers on Facebook where he interacts directly with his listeners throughout the week. Every Saturday, he posts a video to share with fans who his special guest will be that evening. Recent guests included rock ‘n’ roll superstars Ringo Star, Frankie Valli, Darlene Love, Dion DiMucci, Mike Love, and Ronnie Spector.  

“The goal with our networks is to deliver top-quality programming and nationally recognizable talent like Cousin Brucie to radio stations across the country,” stated Chad Lopez, president of Red Apple Media and WABC Radio. “Brucie has unparalleled access to the artists who performed the biggest hits of the 50s and 60s, bringing listeners closer to the music they love.”

Morrow is a past recipient of the TALKERS Lifetime Achievement Award and is considered by the publication’s editorial board to be a “talker” as much as a “disc jockey” where he is positioned, as described by Michael Harrison, in a “pop cultural stew at the very nexus of cross-generational history with interviews, storytelling and conversations.” Red Apple Music Networks also syndicates “Sundays with Sinatra with Joe Piscopo.”

Industry News

UP CLOSE FAR OUT: Talk Show Host Jeff Katz of WRVA, RIchmond, Talks About Radio as First-Responder and Societal Safety Net – Don’t Miss This!

UFCO with Michael Harrison and guest Jeff Katz

Longtime talk radio mainstay and TALKERS Heavy Hundred member, Jeff Katz is this week’s guest on “UP CLOSE FAR OUT with Michael Harrison.”  Katz is the tremendously popular 3:00 pm – 6:00 pm host at Audacy’s WRVA, Richmond, VA where he has developed a national reputation within the broadcasting industry as a champion of public service and community outreach. In addition to being a compelling political commentator and dazzlingly entertaining personality, Katz – a former Philadelphia police officer – has worked tirelessly for years supplementing his daily “take” on the issues as a champion of law enforcement, the needy, disaster victims and the disabled.  A former recipient of the TALKERS “Humanitarian of the Year” award, Katz has received numerous honors over the years from service organizations and public officials including the President of the United States, Director of the FBI, and Governor of Virginia.  Just recently, VA Governor Glenn Youngkin appointed Katz to the Virginia Board for People with Disabilities where he is sure to make a positive difference in people’s lives. Katz and Harrison discuss radio’s handling of the current water crisis afflicting central Virginia, which has been overshadowed, in terms of national attention, by the Southern California wildfire disaster, in addition to the importance of radio as an invaluable societal safety net.  Don’t miss this.  It’s emotional, compelling and touches directly upon the very heart of 21st century radio.

To watch the entire uninterrupted video on the TALKERS MEDIA YouTube Channel, click here

 

Industry News

WRVA, Richmond’s Jeff Katz Talks About Radio As First-Responder and Societal Safety Net

Jeff KatzLongtime talk radio mainstay and TALKERS Heavy Hundred member, Jeff Katz is this week’s guest on the award-winning PodcastOne series, “The Michael Harrison Interview.”  Katz is the tremendously popular 3:00 – 6:00 pm host at Audacy’s WRVA, Richmond, VA where he has developed a national reputation within the broadcasting industry as a champion of public service and community outreach.  Michael MH HarrisonIn addition to being a compelling political commentator and dazzlingly entertaining personality, Katz – a former Philadelphia police officer – has worked tirelessly for years as a champion of law enforcement, the needy, and the disabled.  A former recipient of the TALKERS “Humanitarian of the Year” award, Katz has received numerous honors over the years from public officials including the President of the United States, Director of the FBI, and Governor of Virginia.  Just recently, VA Governor Glenn Youngkin appointed Katz to the Virginia Board for People with Disabilities. Katz and Harrison discuss radio’s handling of the current water crisis afflicting central Virginia, which has been overshadowed, in terms of national attention, by the Southern California wildfire disaster, in addition to the importance of radio as an invaluable societal safety net.  Don’t miss this.  To listen to the podcast in its entirety, please click HERE.

 

Industry News

BIN: Black Information Network Names Terry Foxx Vice President of News and Content

Black Information Network LogoBIN: Black Information Network, the 24/7 comprehensive national audio news network specializing in what it describes as “objective, accurate and trusted continual news with a Black voice and perspective,” today (1/6) announced Terry Foxx has joined as VP, news and content effective immediately.  In his new role, Foxx will be responsible for the day-to-day leadership of BIN: Black Information Network’s newsroom and its team of journalists, with a focus on development of news content and original programming.  “I am excited to have Terry join BIN: Black Information Network,” said Tony Coles, the network’s president. “In today’s rapidly changing media landscape, the role of news in shaping public discourse has never been more important. We’re confident his contributions will strengthen our position as a leader in delivering inclusive and impactful news and content to our audiences.”  Prior to his new role with BIN, Foxx served as regional director of talk programming for iHeartMedia Austin/San Antonio. His career includes roles at KUT-FM, University of Texas, and major stations such as WPLJ-FM, New York; B96, Chicago; KKDA-FM, Dallas; and WZGC-FM, Atlanta.

Terry Fox“I am thrilled to contribute to the growth and success of BIN: Black Information Network,” Foxx tells TALKERS. “BIN is a vital platform for amplifying diverse voices and delivering trusted, relevant news to our communities. This is an exciting opportunity to make a meaningful impact and further strengthen the connection between BIN and the audiences we serve.”  BIN is distributed nationally through the iHeartRadio app, available across more than 250 platforms and 2,000 devices, as well as on local AM/FM broadcast radio stations across America, including Atlanta, Chicago, New York City, Philadelphia, Washington, D.C.

 

Industry News

John Fredericks Media Network (JFMN) Expands to Nine Radio Stations in West Virginia

Fredericks

The John Fredericks Media Network, which lays claim to be the largest independently owned and operated news-talk-sports network in America, has expanded its operations in West Virginia. Fredericks radio company, Disruptor Radio, LLC has entered into an Asset Purchase Agreement (APA) with LHTC-Radio Division to acquire it’s nine stations in West Virginia, which include:

• WGYE 102.7 FM / 95.3 FM – Morgantown WV, Mannington WV

• WMMN AM 920 / 95.7 FM – Fairmont WV, North Central WV, Wheeling WV

• WHTI 105.7 FM – Clarksburg WV

• WZST 100.9 FM – Morgantown WV

• WBKE AM 1490 / 98.3 FM – Morgantown WV, Fairmont WV, Grafton WV

• WRLF 94.3 FM – Morgantown WV, North Central WV, Fairmont WV

Disruptor Radio will take over operational control of the above stations effective today (1/6) through a License Management Agreement (LMA) with LHTC-Radio division until the sale formally closes. Both the LMA and APA have been filed with the FCC and is a matter of public record. The URL is WVTheTorch.com and a radio APP is available. The addition of the West Virginia radio cluster gives Fredericks’ company a total of 22 signals from West Virginia to Georgia.  The new West Virginia stations will air the JFRN lineup of populist proprietary hosts and sports. The full lineup can be found at WVTheTorch.com.

WVTheTorch.com and WZST 100.9 FM will remain the flagship radio network for WVU Athletics, which airs WVU Mountaineer football, men’s basketball, women’s basketball, and baseball on all WV channels except WGYE and WHTI. WVTheTorch.com and its affiliated network carries the NFL’s Pittsburgh Steelers and the Pittsburgh Penguins of the NHL.

Fredericks tells TALKERS, “This West Virginia opportunity is key to our growth plan, as it dovetails nicely with our Pittsburgh footprint and reaches a very pro-populist, pro America First and pro-Trump area of America. West Virginian’s voted overwhelmingly -over 70 percent- for President-elect Donald Trump, who also carried Morgantown and the county. We are excited about offering listeners in West Virginia a choice from the stale, woke and warmed over pablum served up every day by the corporatists and conservative Inc. bunch that regurgitates FOX and RINO RNC talking points of the day.” Fredericks, whose show airs weekdays 6:00 am-10:00 am, Fredericks lives in Pittsburgh, PA and will be covering the White House live from Washington, D.C. most weekdays.

Anne Fredericks, Disruptor Radio’s CEO is credited as the ultimate architect of the company’s growth and acquisition strategy.  She tells TALKERS, “We’ve built a burgeoning national legion of devout and dedicated listeners across the country who yearn for the truth and a commonsense approach. We don’t rely on click bait for ad revenue and this approach has forged an unshakable bond with our audience.” She adds, “As a result, we are singularly focused on advertiser ROI, over-serving our customers, and a commitment to their economic success and enduring engagement.”

Industry News

Chris Stigall to Join Salem Radio Network in Lineup Shuffle

ChrisWith the imminent departure of Salem Radio Network (SRN) star Sebastion Gorka to join the forthcoming administration of President-elect Donald Trump in an advisory position, longtime Salem Philadelphia morning star Chris Stigall of 980 AM WNTP will replace Hugh Hewitt in the 6:00 am – 9:00 am ET position starting January 13. That same day, Hewitt will move into Gorka’s daily 3:00 pm – 6:00 pm slot.  Pictured above: Stigall addressing thousands of conservatives yesterday (12/19) at AmericaFest 2024 in Phoenix where SRN “introduced” him to a large swath of its core audience. AmericaFest is an annual rally hosted by Charlie Kirk of Turning Point USA – also an SRN personality.

Industry News

SiriusXM Launches “Women’s Empowerment Network,” a New Podcast Network Executive Produced by Urban View Host Karen Hunter

Karen HunterSiriusXM announced yesterday (12/5) the launch of the “Women’s Empowerment Network,” a new podcast network executive produced by SiriusXM Urban View host and Pulitzer Prize-winning journalist Karen Hunter. Launching on Monday, December 9, the “Women’s Empowerment Network” will debut with two new podcasts, with more original content set to premiere in the coming months.  Available on the SiriusXM app and all other major podcast platforms, “The Women’s Empowerment Network” will offer a variety of new original shows, which will feature interviews with influential women from various industries and backgrounds, self-improvement tips, financial advice, mental health discussions, and more news relevant to women’s lives and careers.Karen Hunter The network will also spotlight stories of resilience, activism, entrepreneurship, and community, with a focus on uplifting women in all walks of life.  Among the first podcasts to premiere under the network is “Karen Hunter Is Awesome!”, a daily podcast where Hunter dives deep into a wide range of thought-provoking topics. In what she considers a companion piece to her regular Urban View radio show, Hunter will set out to challenge her listeners in new ways, covering everything from Bible prophecy to the purpose of race, and even the latest TV shows and movies, while still delivering her signature blend of intellect and candidness.  Also launching on December 9 is Financially Speaking,”Financially Speaking a daily podcast designed specifically to help women navigate the complex and evolving financial landscape. Hosted by a team of renowned financial experts, including Dr. Tonya Evans (cryptocurrency and intellectual property), Dr. Tisa Silver Canady (financial wellness and student loan debt eradication), Jacquette Timmons (financial behaviorist), and Ruchi Pinniger (financial coach and founder of “Watch Her Prosper”), this podcast will offer listeners practical advice and insights to help them make informed financial decisions and build lasting wealth. “The Women’s Empowerment Network is a destination where women can come together and be heard in ways that are authentic, uplifting, and transformative,” said Karen Hunter. “I’ve always believed in the power of women supporting each other, and I’m excited to have this new platform where we can rise together.”  “Karen has a great talent for identifying emerging voices and building communities through audio,” Dave Gorab, VP/GM of SiriusXM’s talk programming. “I’m excited to see Karen’s vision for a new podcast network thrive while it has a meaningful impact on all who listen.”  In addition to her new podcast, Hunter will continue to host “The Karen Hunter Show” weekdays from 3-6pm ET on Urban View channel 126.

Industry News

Urban One Reports Net Revenue Down 6.3%

Urban One reveals its financial data for the third quarter of 2024 and reports net revenue of $110.4 million, aim decrease of 6.3% from the same period a year ago. Revenue from radio advertising was $36.4 million during the quarter, down 3.6% from the same period in 2023. Urban One reports a net loss of $31.4 million, a substantial decline from the $53.7 million net loss it reported in Q3 of 2023. Urban One owns and operates news/talk outlets WBT-AM/FM, Charlotte and WIBC-FM, Indianapolis. 

Industry News

Salem Radio Network Announces Extensive Coverage Plans for Inauguration

Salem Inauguration Day Coverage - Now extended for your listening enjoyment.The Salem Radio Network’s twin 24/7 news networks – SRN News and TOWNHALL News – announce extensive plans for upcoming coverage of Donald J. Trump’s Inauguration as the 47th President of the United States.  SRN’s White House correspondent Greg Clugston will spearhead live broadcast coverage from the West Capitol beginning at 11:30 am ET on Monday, January 20th. He will be joined by U.S. Senate correspondent Bob Agnew and House correspondent Bernie Bennett covering events leading up to Vice President-elect JD Vance’s oath of office around 11:55 am, followed by Trump being administered the oath at 12:00 noon followed by his Inaugural Address. Live coverage will continue until the day’s ceremonies conclude. In addition to the Inauguration itself, throughout the days leading up to January 20th Salem newscasts will provide analysis and perspective from a variety of contributors including Alfredo Ortiz, CEO of Job Creators Network; SRN News military affairs analyst Col. Robert Maginnis; former U.S. Senator Rick Santorum; and TOWNHALL.com columnist Kurt Schlichter among many others. “Donald Trump’s election on November 5th represents the greatest political comeback in the history of the United States,” states Tom Tradup, SRN VP/news & talk programming, adding “Salem Radio Network’s live Inauguration Day coverage is part of SRN’s ongoing commitment to provide affiliates with Breaking News coverage 24/7.”

Industry News

TRAVELIN’ MAN: Salem Radio Network’s Greg Clugston to Channel Charles Kuralt “On The Road”

Job Opportunity

Federal News Network Seeks New Host and Anchor for its Flagship Program

DC-based Federal News Network, the premier source of news and information for federal employees and contractors, is seeking a new host and anchor for its flagship program, “The Federal Drive.”  Federal News NetworkFNN is looking for someone who brings excitement, passion, and interest in providing federal and industry executives with news and information about the policies, people and programs that drive the mission of the federal government. The ideal candidate MUST have knowledge of, and high degree of interest in, information technology, acquisition, human resources, financial and program management as they operate within the federal government.  The current managing editor and anchor of the Federal Drive, Tom Temin, is retiring in April 2025 after 17 years of leading the program and more than 45 years in journalism. For this position, experience in developing ideas, conducting, and managing interviews is strongly preferred, but consideration will be given for the right person with the right background in federal issues. The host is primarily responsible for show content and adherence to Federal News Network editorial niche of serving federal employees and contractors. Federal News Network (first called WTOP2), the world’s first, Internet-only, all-news radio station was created in February 2000 with a focus on the federal community. Federal News Network is owned by Hubbard Radio.  Federal News Network can be heard on a clear channel 50,000 watt station on 1500 AM.  If you are interested in applying, contact Federal News Network executive editor Jason Miller and check out the job posting.

Industry News

“The Benny Show” Joins Cumulus Podcast Network

Cumulus Media’s Westwood One announces that “The Benny Show” – hosted by award-winning creator, streamer, and podcaster Benny Johnson – joins the Cumulus Podcast Network. WWO says that Johnsonim has amassed “a combined 12 million subscribers across platforms. ‘The Benny Show’ has become a go-to platform for the next generation of news consumers and creators alike. The program features commentary and exclusive interviews with special guests including presidential candidates, world leaders, cultural icons and Hollywood actors.” Under Westwood One’s leadership, the Cumulus Podcast Network distributes, markets, and monetizes “The Benny Show” exclusively with this new partnership. WWO president Collin R. Jones says, “As the Cumulus Podcast Network further expands into video, ‘The Benny Show’ is a natural addition to our portfolio of personality-driven talk shows. Benny is well known on YouTube as a strong and independent voice in conservative talk. He challenges mainstream opinions with cutting-edge insight and straightforward questions, capturing both listeners and partners with his streamlined, frank approach.”

Industry News

Cumulus Fresno’s NewsTalk 580/105.9 KMJ Partners With Gar Bennett to Raise a Record-Breaking $493,000 for the Central California Food Bank in 11th Annual Feeding Families Fund Drive

Cumulus Fresno’s NewsTalk 580/105.9 KMJ Partners With Gar Bennett to Raise a Record-Breaking $493,000 for the Central California Food Bank in 11th Annual Feeding Families Fund DriveNewsTalk 580/105.9 KMJ in Fresno, CA, joined forces with local agriculture company Gar Bennett to raise funds for the Central California Food Bank through the 11th Annual Feeding Families Fund Drive (9/20). KMJ listeners responded to the one-day broadcast with generous donations to help their less fortunate neighbors, raising over $200,000 in a single day. Gar Bennett matched every donation with 50 cents on the dollar, for a grand total of $493,000 going to the Central California Food Bank. Co-sponsor Farm Credit also pitched in with a large donation to the cause.  The annual one-day event has raised more than $4.5 million for the Central California Food Bank, providing 20 million meals in 11 years. This year’s record-breaking fundraising effort will feed over two million people who struggle with hunger in the Central Valley.  Pictured above (l-r): KMJ’s Ray Appleton; Kym Dildyne, CEO, Central California Food Bank, and KMJ’s Liz Kern.

Industry News

Talk Media Had a Dynamic Night – FOX and Other Networks Propose Additional Debate in October

Debate Illustration generative AIAcross the nation, talk media hosts from radio, television, cable, podcasting, and YouTube channels were literally working overtime immediately before, during, and after the historic ABC News presidential debate between former President Donald Trump and Vice President Kamala Harris in Philadelphia.  TALKERS received reports from across the talk industry that, unlike so many events of this nature that prove disappointing, this debate delivered an edge-of-the-seat, non-stop drama that evoked comparisons to an emotional sporting event like a 12 round heavyweight championship bout during the golden age of boxing. Legendary WPHT, Philadelphia midday host Dom Giordano was in attendance reporting for his station as well as hundreds of others across America that tapped into his swing state perspective on an ad hoc basis.  Dom GiordanoGiordano tells TALKERS,  “Being in the Spin Room was like being in the middle of multiple simultaneous rugby scrums while trying to discuss the most sensitive issues for our country.”  During post-debate coverage, lead election anchors Bret Baier and Martha MacCallum announced that FOX News Media sent letters to both the Harris and Trump campaigns around 7:30 pm before last night’s debate requesting the opportunity to host an additional debate in October. Here’s an excerpt from the letter:

We propose to host a debate in October while early in-person voting gets underway in multiple battleground states. We’d like to offer the following options:

  • Wednesday, October 9 in Arizona
  • Tuesday, October 15 in Georgia
  • Wednesday, October 16 in North Carolina

 Media critic Brian Stelter of CNN reports, “Multiple TV networks are eager to host a presidential debate in October. The Harris campaign, exuding confidence after Harris baited Trump on stage Tuesday night, immediately said she would agree to a second debate with the ex-president. But Trump is not committing, and his overnight comments suggest he is not serious about a sequel.”  On Fox & Friends this morning Trump rejected Bret Baier and Martha MacCallum, the aforementioned anchors that FOX suggested as potential debate moderators in October proposing Sean Hannity, Jesse Watters or Laura Ingraham instead.

The next big event in this World Series of politics will be the VP debate between Gov. Tim Walz and Sen. JD Vance to be hosted by CBS on October 1.

 

Industry News

New Leaders at Cumulus Podcast Network

Cumulus Media promotes Carolyn Chauncey to SVP, marketing and podcasting. In this new role, she’ll lead the Cumulus Podcast Network’s day-to-day operations, content acquisition, editorial, and production. She willim continue to direct corporate marketing for Cumulus Media, Westwood One, and the Cumulus Podcast Network. Since 2016, Chauncey has overseen ad sales solutions, creative services, and audience development for Westwood One. Other moves include Jason Soderberg being elevated to vice president, podcast operations and production in which he’ll be responsible for managing all audio and video production for the podcast network as well as platform relations and Megan Devine being promoted to vice president, podcast sales planning and yield optimization.

Industry News

iHeartMedia Debuts Iowa Sports Radio Network

iHeartMedia Iowa announces the debut of the Iowa Sports Radio Network that will broadcast statewide across five radio stations originating from flagship KXNO-FM, Des Moines. It will also air on KMNS-AM, Siouxim City; KOSY-FM, Cedar Rapids; KXIC-AM, Iowa City; and WFXN-AM, Quad Cities. The company says programming will highlight sports from University of Iowa, Iowa State University, various high schools and other local sports topics. The program lineup is: “The Morning Rush with Travis Justice and Ross Peterson” from 6:00 am to 8:00 am; FOX Sports Radio’s Dan Patrick from 8:00 am to 11:00 am; FSR’s “The Herd with Colin Cowherd” from 11:00 am to 12:00 noon; “Miller and Condon” from 12:00 noon to 2:00 pm; and “The Drive with Heather and Sean” from 2:00 pm to 6:00 pm.

Industry News

Audacy Q2 Net Revenue Rises 1%

Audacy reports its operating results for the second quarter of 2024 and reveals net revenue of $301.6 million, an increase of 1% over the same period in 2023. After reporting a net loss of $125.8 million in Q2 of 2023, the company reports net income of $2.9 million in the second quarter of this year. Looking at Audacy’s business segments, Local and National Spot revenue was $179.6 million, a decline of almost 4% from a year ago; Digital (including podcasting) revenue was $74.4 million, an increase of 11.6%; and Network revenueim was $22.3 million, up 7% over Q2 of 2023. Audacy also breaks out revenue by radio format categories and while Sports radio revenue was $71.1 million (up 8.3% over last year), News/Talk revenue was $43 million (a decline of 2.3% from the same period a year ago). Audacy chairman, president and CEO David J. Field comments, “Audacy continued to deliver strong 2024 financial performance with Q2 Adjusted EBITDA more than doubling, up 116% vs. prior year. For the first six months of 2024, Adjusted EBITDA is up 128%. Our accelerating financial performance reflects our significant revenue share gains, low-teen growth in digital advertising, high single-digit growth in network radio, and prudent expense reductions, offsetting continued weakness in traditional ad markets. Notably, our transformational, strategic investments are emerging as a critical driver in our accelerating performance. Recent improvements in our streaming and podcasting platforms, along with further enhancements to our digital monetization and programmatic capabilities are increasing their impact on our top-line and bottom-line results. As previously announced, we received court approval of our consensual pre-packaged Plan of Reorganization in February and are awaiting FCC approval to complete the process. We continue to expect final approval and emergence to occur during the current quarter. The third quarter is currently pacing up low-single digits, and we expect another quarter of significant Adjusted EBITDA growth.”

Industry News

Beasley Second Quarter Net Revenue Falls 4.8%

Net revenue for the second quarter of 2024 was $60.4 million, a decline of 4.8% from the same period in 2023. Beasley Broadcast Group’s net loss shrank from $10.4 million in Q2 of 2023 to $276,000 in the second quarter of 2024. Beasley CEO Caroline Beasley states, “Beasley’s second quarter results highlight the ongoing progress we are making to position the company for sustainable, profitable growth. The continuedim success of our digital transformation strategy led to a 10.4% year-over-year increase in same-station second quarter digital revenue, partially offsetting ongoing challenges related to softness in the audio advertising spot market. Digital revenue accounted for nearly 22% of total second quarter revenue, in-line with our full-year 2024 goal of 20% to 25% of total revenue. On the new business front, our dedicated sales teams are leveraging the audience reach and engagement of our platform to attract new advertisers. We have and will continue to see the benefit of political revenue through the end of year, and at the same time, we are taking aggressive action to address near-term challenges through expense management initiatives, which drove approximately $2 million in expense savings compared to the prior year. We expect to achieve $10 million in annualized expense savings.”

Industry News

Saga Communications Reports Net Revenue Decline of 1.5%

Saga Communications reports net revenue of $28.7 million in the second quarter of 2024, down 1.5% from the same period in 2023. The company also reports net income of $2.5 million for the quarter compared to net income of $3.4 million for the second quarter last year. Saga notes in its report that it closed on itsim acquisition of five radio stations and one translator in Lafayette, Indiana on May 31, 2024, and that the stations were operated by Saga for one month during the second quarter of 2024. Saga paid a quarterly dividend of $0.25 per share on June 28, 2024. The aggregate amount of the quarterly dividend was approximately $1.6 million. To date, Saga has paid over $132 million in dividends to shareholders since the first special dividend was paid in 2012. Saga’s balance sheet reflects $24.1 million in cash and short-term investments as of June 30, 2024, and $26.2 million as of August 5, 2024.

Industry News

Compass Media Networks Announces New Associates

Compass Media Networks brings three new staffers aboard, including news pro Chad Robison, who is named a news anchor for “Your Money Now.” In this role, Robison will anchor the “Your Money Now” twiceim-hourly money news reports Monday through Friday in middays and PM drive. Robison most recently served as evening news anchor at Townsquare Media’s WKXW-FM, Trenton New Jersey 101.5.” Compass Media Networks also names Joe Mackay director of audio sales. The 25-year radio sales pro, based in Chicago, will manage advertising sales relationships throughout the West Coast and Midwest. Also joining the company as manager of sales planning is Laura Schaeffer. The 10-year radio industry pro will help manage customer relationships and assist sales executives and management with sales proposals and inventory management. She is based in New York.

Industry News

Townsquare Media Reports Net Revenue Down 2.5% in Second Quarter

Townsquare Media reports its financial operations for the second quarter of 2024 and reveals net revenue of $118.2 million, a decline of 2.5% from the same period in 2023. The company also reports a net loss of $48.9 million in Q2, compared to the net loss of $2.7 million that it reported in the second quarter of 2023. Townsquare Media CEO Bill Wilson states, “I am pleased to share that Townsquare’s momentum is building as demonstrated by another quarter of sequential net revenue improvement, primarily due to our local focusim and our unique and differentiated digital platform… In the second quarter, the Company reported a net loss of $48.9 million, in large part due to non-cash impairment charges. Our Q2 performance was driven by stabilizing and/or improving trends across segments: Townsquare Interactive returned to sequential revenue growth in each month of the quarter, as a result of positive subscriber trends that have improved dramatically compared to previous quarters; Digital Advertising net revenue growth continued at +1% year-over-year; and Broadcast Advertising net revenue was approximately flat as compared to the prior year, an improvement from first quarter declines. In total, Digital represented 52% of Townsquare’s net revenue in the first six months of the year. Additionally, we continue to generate strong cash flow, granting us the ability to invest in our digital growth engine while preserving financial flexibility, as evidenced by our ongoing debt and share buybacks in the open market… Most importantly, due to our current cash position and our strong cash generation, we retain financial flexibility moving forward and we are confident in our ability to build shareholder value for our investors through long-term net revenue and cash flow growth, net leverage reduction, future dividend payments, and potential future share repurchases.”

Industry News

Salem Media Group Q2 Net Revenue Down 7.8%

Salem Media Group reports net revenue of $60.6 million during the second quarter of 2024, a decrease of im7.8%. The company says net broadcast revenue was $47.1 million (-5.1%), while net digital media revenue was $11.9 million (+9.9%), and net publishing revenue was $1.56 million (-70.3%). It should be noted that Salem sold Regnery Publishing in December of 2023. The company reports net income of $2.3 million during the quarter, compared to that net loss of $7.1 million it reported in Q2 of 2023.

Industry News

Cumulus Media 2024 Q2 Net Revenue Declines 2.5%

Cumulus Media reports its operating results for the second quarter of this year and reveals net revenue of $204.8 million, a decrease of 2.5% that is in line with the company’s pacing guidance. Cumulus’ total broadcast radio revenue was $136.1 million, a decline of 7.3%, with spot revenue down 4.9% and network revenue down 13.6%. On the positive side digital revenue was $39.5 million, up 5.0%. Cumulus Mediaim president and CEO Mary G. Berner says, “In the context of a challenging advertising environment, second quarter total revenue finished in line with our pacing guidance, down 2.5% year-over-year. However, our unrelenting focus on areas of the business that are in our control helped us to mitigate the impact of soft demand while also driving tangible progress in key priority areas. During the quarter, we grew our digital marketing services business by 24%, reduced fixed costs by $4 million, and continued to strengthen our balance sheet through the successful completion of our exchange offer, ABL upsizing, and the buyback of a portion of our remaining 2026 maturity debt. Looking ahead, while the advertising outlook remains uncertain, our advertisers continue to be focused on when – not if – they’re going to return to more typical spending levels. Fortunately, thanks to our success at extending our debt maturities, we have time on our side and the flexibility to pursue multiple paths to create shareholder value.”

Industry News

Bongino Report Early Edition Joins Cumulus Podcast Network

Cumulus Media’s Westwood One announces that the new podcast, “Bongino Report Early Edition withim Evita,” joins the Cumulus Podcast Network, dropping its first episode today (7/16). Cumulus says, “In this first podcast extension under the Bongino umbrella, Gen Z journalist and culture analyst Evita Duffy-Alfonso joins the Bongino Report with a daily show covering all the top stories. ‘Bongino Report Early Edition with Evita’ drops each weekday on most major podcast platforms and is live daily on Rumble.” Dan Bongino says, “You don’t want to miss Evita. She is a bright new face in conservative talk who is not afraid to deliver hard-hitting news, uncensored opinions, and the stories that need to be told. If you love the ‘Bongino Report,’ you’ll love the ‘Bongino Report Early Edition with Evita.’”

Industry News

Wisconsin Network Edits Biden Interview at Campaign’s Request

According to a report in the Milwaukee Journal Sentinel, the progressive talk radio network Civic Media edited two portions of an interview of President Joe Biden by talk show host Earl Ingram at the request ofim the Biden campaign. Civic Media said in a statement that through the moves, that station “fell short of journalistic standards.” Civic Media said, On Monday, July 8th, it was reported to Civic Media management that immediately after the phone interview was recorded, the Biden campaign called and asked for two edits to the recording before it aired. Civic Media management immediately undertook an investigation and determined that the production team at the time viewed the edits as non-substantive and broadcast and published the interview with two short segments removed.” The network airs programming in Madison, Milwaukee and numerous other markets throughout the state.

Industry News

Disruptor Radio’s Memphis LMA Creates Tennessee Radio Network

Disruptor Radio LLC – the company owned by John Fredericks – has entered into a Local Marketing Agreement with KQPN, Inc. to operate KQPN-AM, Memphis with an option to buy. Disruptor says theim addition of The John Fredericks Radio Network into the Memphis market combined with its airing on WENO, Nashville creates the Tennessee Radio Network, “part of the company’s ongoing growth.” The addition of KQPN-AM “Down And Dirty 730” makes the number signals operated by Disruptor Radio now 19. John Fredericks states, “Adding Memphis to our burgeoning Tennessee network is a critical component to our growth plan, as it complements our very successful WENO-AM 760 The Flame station in Nashville. Memphis is a growth market in Tennessee and we are excited to offer our new listeners a real choice in conservative-populist talk: The Down And Dirty 730.”

Industry News

“In the Vet’s Office” Joins Nashville Podcast Network

Premiere Networks and Bobby Bones announce the addition of “In The Vet’s Office” with Dr. Josie Horchakim to Bones’ Nashville Podcast Network. In each show, Dr. Josie sits down with co-host Shannon Ella to answer questions she’s constantly hearing at the office, including: What should I feed my dog? How do I potty train my puppy? Do I really need to brush my pet’s teeth? She helps listeners navigate pet ownership through sharing cases she’s seen in her 15+ year career as a veterinarian, answering listener calls, and giving her weekly “Paw & Order” list of things she would never do with her own pets.

Industry News

Good Karma’s “101.7 The Truth” at White House Juneteenth Ceremony

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Good Karma Brands staff from WGKB-AM/W269DL, Milwaukee “101.7 The Truth” are pictured above at the Juneteenth Regional Reporters Summit as part of President Joe Biden’s Juneteenth Celebration at the White House yesterday (6/10). From left to right are: on-air host Tory Lowe, marketing consultant Danyale Hegwood, general manager Cherie Harris, and on-air host and director of content Kyle Wallace.

Industry News

Talk Media Network to Distribute The Transportation Channel

The Transportation Channel signs a multi-year deal with Talk Media Network for the latter to syndicate “The Transportation Channel Minute” beginning July 1. The Transportation Channel founder Matthew Perry says, “The transportation channel is innovating the way the world will consume its transportation news. Despite the headlines, major media outlets in the U.S. do not allocate sufficient time or resources needed to cover key advancements and concerns in the transportation sector adequately.” Perry notes that data shows U.S. households spend an estimated $1.2 trillion on transportation costs, the second largest household expense behind housing. He adds, “But until now, no media outlet has been exclusively dedicated to servicing consumers in this critically important category. I am thrilled with our partnership with Talk Media. Look out, world, here we come.”

Industry News

Podcast Radio Partners with Local Radio Networks

Podcast Radio, in collaboration with Krantz Media Group, signs a deal with Local Radio Networks that will make Podcast Radio’s spoken-word format available through the LRN delivery platform, allowing it to be ingested directly into each affiliate’s automation system. KMG CEO Gary Krantz states, “We are excited to expand Podcast Radio’s presence into Local Radio Network’s ecosystem. Together, we’re creating a new way for listeners to discover and enjoy the best in podcast content through the familiar and trusted medium of radio.”