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Radio Business News

Saga Q3 Revenue Falls 5.4% as Net Loss Widens

Saga Communications

Saga Communications reported third-quarter net revenue of $26.7 million, down 5.4% from $28.2 million a year earlier. The company's net loss widened to $7.1 million from $532,000, primarily because of a $9.2 million noncash impairment charge on its FCC licenses. Saga attributed More

Stingray Q2 Revenue Rises 51.3%, Radio Gains 5.3%

Stingray Group

Stingray Group reported fiscal second-quarter revenue of C$171.4 million, up 51.3% from C$113.3 million a year earlier. The company attributed the increase primarily to advertising revenue from its TuneIn acquisition, higher revenue from free ad-supported streaming TV channels and favorable currency effects. More

Garth Brooks to Buy WRLT Nashville for $3 Million

WRLT (FM-100) Nashville

Garth Brooks' The Sevens Network LLC has agreed to buy WRLT-FM (100.1) from Tuned-In Broadcasting for $3 million, pending FCC approval. Brooks plans to launch "FM-100," a Country station serving Nashville, while WRLT's current Adult Alternative format, "Lightning 100," will move to 106.3 FM after the sale More

Urban One Q3 Revenue Falls 5% as Net Loss Widens

Urban One

Urban One reported third-quarter net revenue of $88 million, down 5% from $92.7 million a year earlier. A $128.9 million impairment charge drove an operating loss of $126.6 million, compared with operating income of $2.5 million in the year-earlier quarter. The net loss More

iHeartMedia Q3 Revenue Rises 3.3% as Podcasts Gain

iHeartMedia

iHeartMedia reported third-quarter revenue of $1.03 billion, up 3.3% from a year earlier, as growth in podcasting and political advertising offset declines in broadcast and network revenue. Excluding political advertising, revenue rose 0.9%. The company posted operating income of $73 million, compared More

Newsmax to Buy Miami's WAQI, WQBA for $1.8 Million

Newsmax Radio

Newsmax has confirmed plans to acquire Miami AM stations WAQI (710 Radio Mambi) and WQBA (1140) from Latino Media Network for a reported $1.8 million. The deal would mark Newsmax's entry into radio station ownership. The company expects to begin operating and programming the stations in the coming months, More

MediaCo Extends Term Loan Maturity to November 30

MediaCo

MediaCo Holding Inc. has extended the maturity of its delayed-draw term loans from October 31 to November 30, 2026, subject to provisions that could require earlier repayment. The company disclosed the November 2 amendment to its first-lien credit agreement in a Form 8-K filed with More

Entravision Q3 Revenue Jumps 88%, Returns to Profit

Entravision Communications

Entravision Communications reported third-quarter net revenue of $226.3 million, up 88% from $120.6 million a year earlier, driven by rapid growth in its advertising technology business and increased political advertising in its Media segment. Net income totaled $19.0 million, or 18 cents per diluted More

Townsquare Q3 Revenue Rises 3.9%, Suspends Dividend

Townsquare Media

Townsquare Media reported third-quarter net revenue of $110.9 million, up 3.9% from $106.8 million a year earlier, as digital advertising growth and political spending offset weakness in its subscription digital marketing business. The company also announced it is suspending its quarterly More

Xperi Q3 Revenue Rises 2.2%, AutoStage Expands Reach

Xperi

Xperi reported third-quarter revenue of $114 million, up 2.2% from $111.6 million a year earlier, as growth in advertising and related revenue helped double its Media Platform revenue. The company also expanded its DTS AutoStage broadcaster services and reported additional automotive More

Civic Media's IA, IL Station Deals Total $3.3 Million

Civic Media

Civic Media's planned acquisition of 16 radio signals in Iowa and Illinois carries a combined purchase price of $3.3 million, according to asset purchase agreements filed with the FCC. Financial terms were not disclosed when the transactions were announced in October. Under More

K-Love Closes Purchase of KNTI-FM in Lakeport, CA

K-Love

Bicoastal Media has closed on the sale of KNTI-FM in Lakeport, CA, to K-Love, Inc. Financial terms were not disclosed. Kalil & Co. served as the exclusive broker for the transaction. KNTI broadcasts at 99.5 MHz with 2.45 kW of power and an antenna height above average terrain of 1,896 feet. Oregon-based More

Benne Acquires KMMO From Missouri Valley Broadcasting

KMMO-AM & FM in Marshall-Sedalia, MO

Benne Media has acquired KMMO-AM & FM in the Marshall-Sedalia, MO area from Missouri Valley Broadcasting, ending more than 40 years of ownership by the seller. The sale closed November 2, and the ownership transition is underway. Financial terms were not disclosed. Denny Benne's More

FCC Seeks Comment on FM Short-Spacing Rule Petition

Federal Communications Commission (FCC)

The FCC's Media Bureau is seeking public comment on a petition that would give FM broadcasters additional flexibility to relocate transmission facilities from aging towers or lost tower sites while maintaining interference protections for other stations. The Bureau opened MB Docket No. 26-303 in an More

iHeartMedia Sets Third Quarter Earnings Call for Nov. 9

iHeartMedia

iHeartMedia has announced that it will release its financial results for the third quarter ended September 30 on Monday, November 9. The company will host a conference call at 4:30pm ET following the earnings release to discuss its quarterly financial performance and business outlook. Investors and More

Westwood One Study Challenges Eight AM/FM Radio Myths

Cumulus Media | Westwood One

A new analysis from Cumulus Media's Westwood One Audio Active Group challenges eight common advertiser perceptions about AM/FM radio, citing research that shows the medium continues to deliver substantial audience reach, advertising effectiveness and return on investment. In the latest Audio Active Group More

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