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Radio Business News

Beasley Broadcast Group Q2 Revenue Rises 5.6% Beasley Broadcast Group posted a 5.6% gain in net revenue to $24.9 million from $23.6 million in 2009. Station operating income (SOI) grew 26.5% to $8.5 million from $6.7 million, while operating income increased 46.4% to $5.8 million from $4 million. The comp More

Traffic Service Sues Cumulus Media/Nashville Traffic service Skywatch Traffic has filed suit against Cumulus Media and its five FM stations in Nashville, accusing the company of breach of contract reports the Nashville Post. The suit claims Cumulus dropped Skywatch when Sports WNFN-FM changed form More

Citadel Removes WMGL/Charleston SC From Trust Citadel Broadcasting is removing Urban AC WMGL-FM (Magic 107.3)/Charleston, SC, from The Last Bastion Station Trust. The company was able to reclaim the AC outlet after the relocation of Sports WNKT-FM (107.5 The Game)/Charleston to Columbia, SC. The tru More

Study: Does AC Radio Really Understand Women? Data released Thursday from an Alan Burns and Associates study "Insights into Women, Radio, and New Media" suggests that AC stations may be able to forge deeper connections with female listeners. The study found significant differences among women over and under 40 years of age in music preferences and usage of new media. Top artist More

Cumulus Q2 Net Revenue Up 5.7% to $69.7 Million Cumulus Media reported second quarter net revenues rose 5.7% to $69.7 million from $65.9 million in 2009. Station operating income (SOI) grew 9.7% to $29.3 million from $26.7 million. Station operating expenses increased 3% to $40.4 million primarily due to normalized employee costs. The company posted net earnings of $12.3 More

Federal Jury Says Atlanta Favored CC in Bid Case A federal jury awarded $17.5 million to Corey Airport Services on Wednesday after finding that the city of Atlanta, Clear Channel and Barbara Fouch, CC's minority partner, allegedly conspired to deprive Corey of its "equal protection rights" while bidding for the ad contract at Hartsfield-Jackson Atlanta International Airport in More

Study: AC Music Preferences Break at Age Forty Alan Burns and Associates continued to release data Wednesday from what it calls the "largest-ever study of female radio listeners." CEO Alan Burns suggests that AC listeners under and over 40 years of age have significantly different music preferences. "The over/under line in AC is now Age 40," said Burns. "That's the dividing More

Radio One to Restate Financials Over Reach Media In a SEC filing, Radio One concluded that it's necessary to restate the Urban radio broadcaster's consolidated financial statements for 2009, 2008 and 2007 and for each quarterly financial reporting period from January 1, 2009 through March 31, 2010. The restatement is solely the result of an error of measurement and classificat More

Cumulus Adds FM Translator in Kansas City Market Horizon Christian Fellowship of San Diego has agreed to sell an FM construction permit along with two translators to Calvary Chapel of Kansas City for a reported $150,000. Following the closing of that deal comes a sale of one of the translators to Cumulus Media Partners (102.5 in Bonner Springs, KS), on which the company tells More

Arbitron to Reissue Fall 2009 Watertown Results Arbitron will throw out two Fall 2009 Watertown, NY, metro diaries after it discovered that they returned from a media-related household. The diaries, which were in-tab for Fall 2009, will not be included in the in-tab sample scheduled for release on August 4, when Arbitron's Radio Report is re-issued as a combined Spring 2010/F More

Emmis Wins Court Battle Seeking to Block Merger A judge ruled against the class-action law firms on Tuesday that sought a temporary restraining order to block the buyout of Emmis Communications by JS Acquisition LLC, owned by company President/CEO Jeff Smulyan. Indiana's Marion County Superior Court Judge Robyn Moberly denied the preliminary injunction, allowing the transacti More

Entercom Q2 Net Revenues Up 4% to $105.8 Million Entercom reported second quarter net revenues grew 4% to $105.8 million from $101.3 million in 2009. Station expenses increased 2% to $68.1 million and operating income (OI) swung from a loss off $43.6 million to a gain of $23.8 million. EBITDA was up to $33.4 million. The company posted net earnings of $14.2 million (40 cents p More

FCC, Univision Enter Into $1 Million Consent Decree The FCC's Enforcement Bureau has released a Consent Decree with Univision Radio to resolve allegations that the Spanish-language broadcaster or its employees secretly accepted payment from a record label in exchange for more frequent airplay, without making the disclosures to listeners. In a companion criminal action, a federal More

KATZ-AM/St. Louis Expands Live On-Air Lineup Clear Channel's Gospel KATZ-AM (Hallelujah 1600)/St. Louis is expanding on-air programming in an effort to serve a younger audience. Gospel music will still remain the central programming, which now will feature Dwight Stone in afternoons and CoCo Brother Live in the evenings. Both new hosts will have special weekend shows. More

16.3% of Nielsen's Spring Survey Are Cell-Phone Only An estimated 16.3% of households in Nielsen's Spring 2010 survey samples are cell phone only, up 8.7% from 2009. The increase is in line with the 2009 first half vs. second half rise of 8% in CPO households nationally, according to the Centers for Disease Control. Nielsen found that ratings for listeners from CPO households are More

Firm Plans to File Class Action Suit Against Emmis Wolf Haldenstein Adler Freeman & Herz, a New York law firm, is filing a class action suit against Emmis Communications on behalf of its shareholders in the company's bid to go private. The firm alleges that the proposed merger is "the product of an unfair sales process" and that the merger proposal of the stock is at "an unf More

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