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MI Outlet Designated for Hearing Surrenders License
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Last week, the FCC adopted a Hearing Designation Order regarding the pending license renewal application of WRAX-FM in Lake Isabella, MI. The station had only operated one day each year since it was initially licensed seven years ago. Apparently in More

Nielsen: Summer Radio Features Battle of Classics
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So far, the summer of 2017 is turning out to be a lot like last year when it comes to American radio listening habits. Each year in the summer, audiences shift and certain formats surge during the dog days of the year. And with the release of More

Spanish Broadcasting System Q2 Net Revs Down 3%
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Spanish Broadcasting System reported second quarter consolidated net revenues fell 3% to $34.2 million from $35.3 million in 2016. The company's radio segment saw posted flat revenues of $31.2 million due to decreases in national and local revenue, More

Cumulus Q2 Net Revenues Up 1.2%, Earnings Rise
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Cumulus Media reported second quarter net revenue of $290.5 million, up 1.2% from $5.7 million in 2016. Radio declined 0.7% to $208.5 million, while Westwood One increased 6.1% to $81.2 million. Adjusted EBITDA climbed 6.7% to $67.4 million. The company posted net earnings of $5.6 million (19 cents per diluted share) as compared with More

Radio Show to Reveal Radio Dash Findings
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Jacobs Media/jacapps President Fred Jacobs and Amplifi Media Founder/CEO Steven Goldstein will participate in a session titled "Radio's New Strategies and New Platforms" on Wednesday, September 6 as part of the 2017 Radio Show. Produced by the National Association of Broadcasters (NAB) and the Radio Advertising Bureau (RAB), More

Report: iHM Creditor Working on Restructuring Plan
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The biggest creditor of iHeartMedia is working on a restructuring plan that could save the radio giant from bankruptcy, reports the New York Post. Mutual fund Franklin Resources is preparing a proposal to present to other iHM creditors and iHeartMedia as early as next week, a source close told the newspaper. However, More

Carr, Rosenworcel Sworn In as FCC Commissioners
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Brendan Carr and Jessica Rosenworcel have been officially sworn in as FCC Commissioners. Carr, a former aide to Chairman Ajit Pai, fills an open Republican slot. Before becoming general counsel in January, Carr was FCC Chairman Pai's legal advisor for wireless, public safety and international issues. Prior to joining the FCC, More

LG Electronics Unlocks Built-in FM Receiver Chip
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TagStation, owner of the NextRadio app, inks an agreement with smartphone manufacturer LG Electronics MobileComm to enable FM chips in LG phones. The company will enable the FM chip in its smartphones going forward, providing access to local FM Radio across the U.S. and Canada, as well as Latin American countries, with more More

Townsquare Q2 Net Revenues Up $2.6%, Earnings Flat
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Townsquare Media reported second quarter net revenue increased 2.6% to $140.7 million as compared to $137.2 million in 2016. Local Marketing Solutions (radio) grew 4.3% to $90.5 million while Entertainment fell 0.5% to $50.2 million, due to revenue declines in certain live events and national digital business. Excluding More

NYMRAD Issues Q2 2017 State of the Market Report
New York Market Radio Association (NYMRAD) has released the Q2 2017 State of the New York Market Report. The analysis of the New York marketplace is designed to help advertisers understand radio's impact on consumers and its prominent role in the local advertising landscape. The report assesses the New York area economy and More

CBS Q2 Revs Up 9%, Radio Now Discontiuned Ops
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CBS Corp., current parent of CBS Radio, reported second quarter revenues grew 9% to $3.26 billion from $2.98 billion in 2016. Operating income increased 3% to $669 million from $651 million. Net earnings from continuing operations increased 6% to $397 million from $373 million, mainly a result of the higher operating income. More

Salem Media Q2 Total Revs Fall 2.5%, Earnings Down
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Salem Media Group reported second quarter total revenue decreased 2.5% to $66.1 million from $67.8 million in 2016. Net broadcast revenue fell 1.4% to $49.3 million from $50 million, while station operating income (SOI) declined 5.5% to $13.3 million from $14.1 million. Operating expenses were down 2.1% to $53.8 million from More

UCI Q2 Total Revenues Down 4.4%, Radio Falls 8.6%
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Univision Communications reported second quarter total revenue decreased 4.4% to $764.9 million from $800.3 million in 2016. Revenue for the company's radio segment declined 8.6% to $66.8 million compared to $73.1 million. Advertising revenue for radio fell 9.2% to $64 million from $70.5 million driven by declines in national, More

Senate Confirms Brendan Carr, Jessica Rosenworcel
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Brendan Carr, Jessica Rosenworcel
The U.S. Senate has confirmed Brendan Carr and Jessica Rosenworcel as FCC Commissioners. Carr, a former aide to Chairman Ajit Pai, fills an open Republican slot, while former commissioner Rosenworcel, who left the FCC at the end of last year after her tenure expired, takes the open Democratic slot. Now that the Senate has More

iHM Q2 Consolidated Revs Fall 1.5%, Loss Narrows
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iHeartMedia reported second quarter consolidated revenue decreased 1.5% to $1.06 billion from $1.04 billion in 2016. iHM revenue (radio) grew 7.8% to $563 million from $522 million, while operating income declined 7.2% to $262.5 million from $282.8 million. The company posted a net loss of $174 million as compared to $278 More

Saga Q2 Radio Net Revenue Down Over 2016
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Saga Communications reported second quarter net revenue of $30.3 million from continuing operations compared to $30.9 million for the same period last year. Station operating expense decreased to $21.4 million compared to $21.8 million, while station operating income (SOI) was $5.9 million compared to $6.4 million. The company More

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