You are here: Home » Archives for local advertising revenue
Tag: "local advertising revenue"
Larry Elder Prevails in Suit to Get on California Recall Ballot. California-based Salem Radio Network talk host Larry Elder is on the official ballot for the recall election of California Governor Gavin Newsom after California Superior Court Judge Laurie Earl sided with Elder in his suit against Secretary of State Shirley Weber. Weber’s office said Elder’s five years of tax returns were improperly filed or redacted and he would not be allowed on the September 14 ballot. In his suit, Elder argued that the 2019 law requiring gubernatorial candidates to provide five years of tax returns applies to candidates in a “direct primary election,” and this recall is not a primary election and Judge Earl agreed, saying, “I don’t find that Mr. Elder was required to file tax returns at all.” Elder also argued that since Governor Newsom did not have to provide tax returns, Elder was not being afforded equal protection under the law. There will be 43 candidates on the September ballot.
Bob Philips Named President of Audacy Networks and Multi-Market Sales. In a memo to company employees, Audacy chief operating officer Susan Larkin announces that chief revenue officer Bob Philips is assuming the new role of president of Audacy Networks and Multi-Market Sales. She says, “We believe Bob will deliver significant revenue impact and client outcomes by focusing on growing our network and multi-market sales businesses as we continue to execute our market growth strategy. As chief revenue officer, Bob was a catalyst for innovation and growth. Under his leadership, we streamlined multiple revenue departments, launched the Audacy Network and our in-house traffic network while also revolutionizing our approach to national sales, bringing new brands and bigger opportunities onto our platform. And, as the economy rebounds and local and national advertising return to pre-pandemic levels, Bob will build exponential value for our clients and for Audacy.” Larkin says the company is beginning a search for a new chief revenue officer immediately.
Townsquare Media Names Peter Van Den Heuvel Market President for Cedar Rapids-Waterloo. Media executive Peter Van Den Heuvel is joining Townsquare Media as market president and chief revenue officer for the company’s Cedar Rapids/Waterloo station group. Van Den Heuvel was most recently with Spectrum Reach. Townsquare Media SVP Todd Lawley says, “Peter has extensive multi-platform management experience which makes him a perfect fit for this role. I could not be more excited to have someone with Peter’s leadership and depth of multi-platform knowledge to lead our two-time ‘Market of the Year’ team in Cedar Rapids/Waterloo.”
BIA: U.S. Local Ad Spend to Hit $142 Billion. The consultancy firm BIA Advisory Services is revising its 2021 forecasts for U.S. local advertising revenue to $142.4 billion, up $4.8 billion from its November 2020 estimate. The projection is split between traditional and digital media but shows that the divide is narrowing, with traditional advertising only 8 % ahead of digital media that includes: mobile, online, over-the-top, email, and traditional media’s online ventures. BIA predicts local radio advertising will rebound somewhat to $11.7 billion in 2021 and $12.3 billion in 2022, with $.94 billion and $1.04 billion, respectfully, coming from digital platforms. The revised forecast also sees a 5.6 % increase in overall compound annual growth in U.S. spending in local ad markets and expects the amount to reach $157.1 billion in 2022 and $162.1 billion in 2023. While the digital media share will first leapfrog to 51 % over traditional media by 2023.
Journalists Andrea Bernstein and Ilya Marritz to Produce January 6 Podcast for Audacy’s Pineapple Street Studios. Former WNYC reporters Andrea Bernstein and Ilya Marritz, co-hosts of the podcast “Trump, Inc.,” announce they will be working with Audacy’s Pineapple Street Studios on an investigative documentary podcast series “that will trace the multiple failures that led to the breach of the U.S. Capitol on January 6, 2021.” The yet-to-be-titled series will launch in early 2022. Pineapple Street Studios co-founders Jenna Weiss-Berman and Max Linsky say, “We couldn’t be prouder to be working with Andrea and Ilya. We’ve been tremendous fans of their unique, ambitious style of investigative narrative audio for years, and what they are uncovering about the insurrection on January 6 will provide the context about that day and what led to it that all of us are so desperate to understand.”
TALKERS News Notes. WOKV-FM, Jacksonville and KRMG, Tulsa talk host Mark Kaye is giving away his new book to listeners for free. He says his anti-cancel culture book, The Woke Folk, is dedicated to his late on-air predecessor Rush Limbaugh. He says, “I just wanted to get this book out there. Cancel culture is already destroying important parts of our society. It must be stopped. I want everyone in my audience to have this book so we can continue to spread Rush’s legacy to as many people as possible. So, instead of selling it, I’m just giving them all a copy for free.”…..NuVoodoo Media Services announces the findings of a new study on COVID-19 vaccine hesitancy among Americans, conducted on Tuesday (7/20) and supplementing its Ratings Prospect Study 18, fielded June 18-20, 2021. In Tuesday’s study of 1,318 respondents between 14 and 64 years of age, NuVoodoo found that COVID-19 vaccine hesitancy is highest among women and 25-54-year-old adults. On the flipside, the study further revealed that Hispanic Americans are the least vaccine hesitant of any population segment. NuVoodoo president Carolyn Gilbert comments, “Our June study was conducted about five weeks after the CDC gave the all-clear for vaccinated Americans to essentially return to a normal life, and feelings were most certainly running toward the optimistic side after 15 months of COVID-19 related restrictions. With this new variant of concern starting to impact case rates and hospitalizations, not to mention dominating the news cycle, we felt it important to provide the timeliest information, so our industry partners can make better informed decisions when planning the next few months.”…..Nexstar Media Group‘s WGN-AM, Chicago announces that Joe Brand is named the host of Chicago Blackhawks pregame and postgame shows and the weekly “Blackhawks Live” program, starting September 29. Brand takes over for Chris Boden, who was cut after four years. WGN sports director Dave Eanet says Brand is “one of the exciting sports broadcasters in Chicago. He’s been a key part of our Blackhawks broadcasts on WGN for several years, but mainly behind the scenes. Now, we’re thrilled that he can share his expertise, energy, and enthusiasm with Blackhawks fans on the air on a daily basis.” Brand has reported for the broadcast team and co-hosted both the “Blackhawks Crazy” and “Blackhawks 720” podcasts that originate from the WGN Radio studios. Since joining WGN in 2013, Joe Brand has been a producer, reporter, anchor, and host.
COVID-19, Biden Town Hall, January 6 Investigation, Infrastructure Bill/Debt Ceiling Battle, Critical Race Theory, Extreme Weather and Western Wildfires Among Top News/Talk Stories Yesterday (7/21). The rising rate of COVID-19 cases in the U.S., vaccine hesitancy, and the return of mask mandates; President Joe Biden’s Wednesday evening CNN town hall; Republicans and Democrats battle over the January 6 investigation committee; the fight in Washington over the Biden administration’s infrastructure bill and the GOP’s refusal to raise the debt ceiling; the controversy over the teaching of critical race theory in public schools; and the extreme weather all over the world and the wildfires in the U.S. West were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.