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January 2026

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January 2026 Trends

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Radio Business News

SBS Enters Forbearance Deal With Majority Bondholders

Spanish Broadcasting System (SBS)

Spanish Broadcasting System (SBS) has entered into a temporary forbearance agreement with holders of a majority of its outstanding 9.750% Senior Secured Notes due 2026 after the notes reached maturity on March 1. The Miami-based company said it has been engaged in discussions More

Urban One Reports Q4 Revenue Decline, Wider Loss

Urban One

Urban One reported lower revenue and a wider loss in the fourth quarter of 2025, reflecting weaker advertising demand and the absence of political advertising seen in the prior year. For the three months ended December 31, 2025, the Silver Spring, MD-based media company posted net More

Saga Reports Q4 Loss on Impairment Charge

Saga Communications

Saga Communications reported a net loss in the fourth quarter and for the full year 2025, driven largely by a sizable impairment charge related to goodwill and FCC license values. For the fourth quarter ended December 31, 2025, Saga reported net revenue of $26.5 million, down More

Salem Media Reports 2025 Revenue Decline, Net Loss

Salem Media

Salem Media Group reported lower revenue and a net loss for 2025, according to its annual report for the year ended December 31, 2025. The Christian and conservative multimedia company posted total net revenue of $212.7 million in 2025, down from $237.6 million in 2024, a decline of roughly 10% year over More

Cumulus Media Plan Would Cancel Shares, Go Private

Cumulus Media

Cumulus Media's proposed Chapter 11 restructuring would eliminate existing shareholders and convert the company into a privately held broadcaster, according to the company's prepackaged Plan of Reorganization filed in U.S. Bankruptcy Court. Under the plan, all current equity interests in Cumulus Media More

Cumulus Files Chapter 11 to Cut $600 Million in Debt

Cumulus media

Cumulus Media has entered into a restructuring support agreement with a group of its lenders aimed at eliminating approximately $600 million in debt and strengthening the company's balance sheet. To implement the agreement, the company and certain subsidiaries filed prepackaged Chapter 11 petitions on More

Entravision Revenue Rises as Media Segment Declines

Entravision

Entravision Communications reported higher overall revenue for the fourth quarter and full year of 2025, driven by strong growth in its advertising technology business, while its traditional media segment declined due largely to lower political advertising. According to the company's earnings release, More

iHeartMedia Q4 Revenue Up, Podcast Growth Continues

iHeartMedia

iHeartMedia, Inc. reported fourth-quarter revenue of $1.13 billion, up 0.8% from a year ago, with growth driven by its Digital Audio Group, particularly podcasting. Excluding political advertising, fourth-quarter revenue rose 7.7% year over year. Consolidated Adjusted EBITDA totaled $220.3 million, down More

Connoisseur Media Closes MO, MN, SD Station Sales

Connoisseur Media

Connoisseur Media has completed the sale of multiple radio outlets in Missouri, Minnesota and South Dakota, transferring the properties to regional broadcast operators in three separate transactions brokered by Kalil & Co., Inc. The largest deal involves the sale of 17 stations and translators across More

FCC Plans First Reserved-Band FM Translator Window

Federal Communications Commission

The Federal Communications Commission is moving to bolster noncommercial broadcasting by outlining plans for the first-ever filing window for new FM translator construction permits in the reserved portion of the FM band. In a Public Notice adopted February 18 (FCC 26-10), the Commission directed its More

Auddia to Merge With Thramann, Rebrand as MCFN

Auddia

Auddia Inc. has signed a definitive merger agreement with Thramann Holdings, LLC, advancing a previously announced letter of intent from August 2025 and setting the stage for a rebranding and corporate restructuring in the second quarter of 2026. Under the agreement, Auddia will More

FCC Moves to Revoke Licenses of Sovereign Communications

Federal Communications Commission (FCC)

The Federal Communications Commission has launched a license revocation proceeding against Sovereign Communications, LLC, the Sault Ste. Marie, MI-based broadcaster led by William C. Gleich, who is professionally known as Bill Curtis, and his business partner Tim Sabean. In an Order to Pay or Show Cause More

MARC Expands with Lakeland Station Purchase

MARC Radio

MARC Radio Group is expanding its footprint in Central Florida with the acquisition of several stations serving the Lakeland-Winter Haven market. The company announced it has agreed to purchase Country WPCV-FM (97.5), Adult Hits WONN (1230), W296CS (107.1) and W240DB (95.9), along with Talk WLKF-AM (1430) More

FCC Orders Steve Hegwood Stations to Pay Fees

Federal Communications Commission

The FCC has ordered two Georgia FM stations owned by radio executive Steve Hegwood to pay outstanding regulatory fees or face possible license revocation. In separate Orders to Pay or to Show Cause released February 11, the FCC said Core Communicators North LLC and Core Communicators South LLC -- More

Urban One Amends ABL, Regains Nasdaq Compliance

Urban One

Urban One has amended its existing asset-based lending facility and regained compliance with Nasdaq's minimum bid price requirement, according to a Form 8-K filed with the Securities and Exchange Commission. The Silver Spring, MD-based broadcaster entered into a First Amendment More

Digital Ads Reach $2.3 Billion, Stabilizing Radio Revenue

Radio Advertising Bureau (RAB)

Digital advertising revenue totaled $2.3 billion in 2025, accounting for nearly one-quarter of all radio industry ad sales and helping stabilize overall revenue, according to the 14th Annual Digital Benchmarking Report from Radio Advertising Bureau (RAB), produced by Borrell Associates Inc. The report More

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