Hubbard Radio has agreed to acquire six radio outlets from Alpha Media in West Palm Beach. Included in the deal are 100kW WRMF-FM (97.9), 90kW WIRK-FM (103.1), 7.5kW WMEN-AM (640), 50kW WFTL-AM (850), 100kW WEAT-FM (107.9) and 100kW WMBX-FM (102.3). The Seller, More

Steel City Files Plan of Reorganzation to Exit Bankruptcy

Steel City Media

Steel City Media, owner of station clusters in Kansas City and Pittsburgh, has filed a plan of reorganization in Federal Bankruptcy Court in St. Louis to exit chapter 11. The plan which is consensual among the company and its significant financial creditors, calls More

Cumulus Media Q3 Net Revenues Down 1.7%, Earnings Up

Cumulus Media

Following its exit from Chapter 11 reorganization, Cumulus Media reported net revenues for the third quarter of $282.3 million, down 1.7% from $287.2 million in 2017. Adjusted EBITDA grew 0.5% to $62.1 million from $61.7 million. The company posted a net income of $12.7 million (63 cents More

Cumulus Media Launches Radio's First-Ever Lead Guarantee

Cumulus Media

Cumulus Media is launching a program utilizing the proven effectiveness and reach of broadcast radio, combined with the targeting capabilities of its digital products. The program, announced today by Dave Milner and Bob Walker, the EVPs of Operations of Cumulus Media's Radio Station More

AdLarge Media, WAVSTAR Announce Ad Sales Partnership

AdLarge Wavstar

AdLarge Media is partnering with cloud-based platform provier WAVSTAR for an ad sales partnership which makes its CRM/workflow management system available to radio stations on a barter basis for the first time. WAVSTAR integrates CRM, sales and production with a More

Tom Langmyer Forms New Radio Broadcast and Media Company

Great Lakes Media

Great Lakes Media Corp. announced Thursday its intentions to invest in local broadcasting and digital media opportunities through the acquisition of local radio stations and digital platforms in small markets. The company -- led by President/CEO Tom Langmyer -- is More

Urban One Q3 Net Revenue Down 1.2%, Loss Swings to Profit

Urban One

Urban One reported third quarter net revenue fell 1.2% to $110.7 million from $112 million in 2017. Broadcast and digital operating income grew 6.8% to $43.4 million, while operating income (OI) to $32.1 million from $3.5 million. Adjusted EBITDA rose 11.4% to More

Westwood One Adds Nielsen Auto Cloud for Ad Offerings

Nielsen signs Westwood One to use its "Nielsen Auto Cloud" for their auto marketing and measurement capabilities. Auto marketers can now target car buyers across radio, streaming audio and podcast media. The Nielsen Auto Cloud matches listeners of all types with J.D. Power and Nielsen car More

Townsquare Reports Q3 Net Revenues Up 1.9%, Earnings Down

Townsquare Media

Townsquare Media reported third quarter net revenue increased 1.9% to $114.1 million, as compared to $111.9 million in 2017. Revenue rose 9.5% excluding live events net revenue. Adjusted EBITDA climbed 6.9% to $21.8 million from $16.98 million. Interactive net More

Salem Media Group Q3 Total Revenue Flat at $65.5 Million

Salem Media Group

Salem Media Group reported third quarter total revenue increased 0.1% to $65.5 million from $65.4 million in 2017. Total operating expenses declined 1.9% to $59.3 million from $60.4 million. Operating income grew 25.4% to $6.3 million from $5.0 million. EBITDA More

Entercom Q3 Net Revenue Up 5%, Board Declares Dividend

Entercom

Entercom reported third quarter net revenues for the quarter increased 5% to $120.5 million from $114.6 million in 2017. Station operating income (SOI) grew 12% to $37.9 million from $33.7 million, while station expenses were up 2% to $82.5 million. Adjusted EBITDA increased 8% to $30.4 million More

Horizon Media Uses Jelli for Programmatic Radio Upfronts

Jelli

Jelli, a programmatic platform for buying and selling audio advertising, and Horizon Media have partnered with Jelli's demand-side platform SpotPlan. Horizon becomes the first media agency to power all of its programmatic radio ad buying operations for several of More

Pandora Reports Q3 2018 Revenue Up 16% to $417.6 Million

Pandora

Pandora reported third quarter revenue was $417.6 million, growing 16% year-over-year, excluding Australia and New Zealand & Ticketfly. Subscription revenue was up 49% to $125.8 million, while advertising revenue grew to $291.9 and Ad RPM hit an all-time high More

Saga Communications Q3 Net Revs Rise 4.6%, Earnings Down

Saga Communications

Saga Communications reported third quarter net revenue increased 4.6% to $31.7 million from $30.2 million in 2017. Income from continuing operations (net of tax) increased $730,000 to $3.7 million from $3 million, while operating income (OI) fell 3.4% to $5.3 More

Scripps Closes on Sale of Last Group of Radio Stations for $47M

Scripps

The E.W. Scripps Company has closed on its last group of radio outlets -- 19 radio stations in four markets -- to SummitMedia for $47 million. This is the fourth and final transaction in the sale of Scripps' radio assets. The sales of these stations totaled $83.5 million, and the group's 2017 More

Report: Apple Considers Investing in iHeartMedia

iHeartMedia

iHeartMedia is reportedly exploring investments with several companies, including Apple, in advance of filing a reorganization plan with bankruptcy court, the Financial Times reports. The radio giant has some $20 billion in debt and filed for bankruptcy protection in March. Sources tell More