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Nielsen: Podcasts Are the Darling for Advertisers
Nielsen's has released its podcasting report "Nielsen Podcasting Insights: A Marketer's Guide to Podcasting." The medium saw a significant growth in engagement from 2016 to 2017. As a result, podcasts are becoming a darling of advertisers, as well as a trusted source for brands looking to reach consumers. To determine

Podtrac Rankings Reflect February Audience Decline
The Top 10 Podcast Publishers and Top 20 Podcasts rankings for February, 2018 are out reflecting a decline in U.S. Unique Monthly Audience for each of the Top 10 publishers in February over January. Total Global Unique Streams and Downloads for the group of Top 10 publishers was down 7% in February from January. Total

BBN to Acquire WCPQ-FM/Joliet for $5.09 Million
Bible Broadcasting Network Inc., a non-profit Virginia corporation, has agreed to purchase 50kW Ethnic WCPQ-FM (99.9) licensed to Park Forest, IL, from WCLR Inc., an Illinois corporation for $5.09 million. The station covers Joliet and Kankakee with a fringe signal in Chicago. Bob Heymann of the Chicago office of

Urban One Q4 Net Revenue Down 4%, Earnings Jump
Urban One
Urban One
Urban One Inc. reported fourth quarter net revenue declined 4% to $109 million from $113.5 million in 2016. Broadcast and digital operating income grew 2.8% to $44.3 million from $43 million. Operating income grew to $20.6 million from $17.1 million. Adjusted EBITDA climbed 25.6% to $38.7 million from $30.9 million. The urban

North Country Radio Closes on WLPW-FM/Lake Placid
North Country Radio Inc. has closed on its previously announced acquisition of 3kW Classic Rock WLPW-FM (105.5) licensed to Lake Placid, NY, and serving Burlington-Plattsburgh, VT-NY, (market #148) from Radio Lake Placid, Inc. for $32,500 cash. RLP also owns WRGR-FM in Tupper Lake, NY. Jason James of Patrick Communications

iHeartMedia, Certain Subsidiaries Enter Chapter 11
iHeartMedia has reached an agreement with holders of more than $10 billion of its outstanding debt and its financial sponsors. To implement the balance sheet restructuring iHM and certain of its subsidiaries, including iHeartCommunications, have filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code

RAB: 44% in the U.S. Has Listened to a Podcast
44% of the U.S. population has listened to a podcast, which has quadrupled from 11% in 2006, according to RAB's report "The Podcast Boom." The 2018 Infinite Dial by Edison Research and Triton Digital found that podcasting remained an emerging source of entertainment and information with 73 million Americans listening to a

Salem Media Group Q4 Revenue Down 4.9%, Earnings Up
Salem Media Group
Salem Media Group
Salem Media Group reported fourth quarter total revenue decreased 4.9% to $67.2 million from $70.7 million in 2016. Operating income grew 31% to $4.5 million from $3.5 million. Net broadcast revenue declined 2.9% to $50.7 million from $52.2 million, while station operating income (SOI) fell 9% to $14 million from $15.4 million.

Entravision Q4 Net Revenues Rise 5%, Earnings Climb
Entravision Communications reported fourth quarter net revenue rose 5% to $73.4 million from $70 million in 2016. The overall increase was partially offset by a decline in the radio segment of $3.1 million, mainly due to decreases in both local and national and political ad revenue. Operating expenses were up 10% to $45.1

iHM, Lenders Extend Forbearance Agreement Again
iHeartMedia has reached another forbearance with certain lenders on Wednesday morning, according to a filing with the SEC. It gives iHeartMedia another day to reach a deal over its $20 billion in creditors. Without an agreement, it's likely that iHeartMedia will be forced into bankruptcy this week. A proposed reorganization

Rep, Senator Add Support to Local Radio Freedom Act
One Member of the House of Representatives and one Senator have added their support for the Local Radio Freedom Act, a resolution opposing "any new performance fee, tax, royalty, or other charge" on local broadcast radio stations. The Local Radio Freedom Act (LRFA) now has 221 co-sponsors in the House. There are 26 LRFA

Townsquare Media Q4 Net Revenues Decline 3.7%
Townsquare Media
Townsquare Media
Townsquare Media reported fourth quarter net revenue decreased 3.7%, and 0.2% excluding political revenue, to $114.2 million from $118.6 million in 2016. Local Marketing Solutions (broadcast and digital) net revenue increased 0.4%, and 5.2% excluding political revenue, while Entertainment (events) net revenue declined 17.4%.

Salem Media Group Buys KZTS-FM/Little Rock for $1.1M
Salem Media Group has agreed to purchase 850w Urban KZTS-FM (Streets 101)/Little Rock from Flinn Broadcasting Corporation, pending FCC approval. The purchase price is $1.1 million. California-based Salem Media Group owns 115 radio outlets, and is also an Internet content provider, magazine and book publisher for Christian

Study: 82% Tune to Broadcast Radio in the Car
82 percent of listeners 12 and over tune to broadcast radio (AM/FM) in the car, according to the 2018 Infinite Dial study by Edison Research and Triton Digital, which is now in its 20th year. Despite the strong competition from other sources, in-car radio continues to engage listeners because it emphasizes local information and

Cumulus Asks Court to Extend Exclusivity Period
Cumulus Media
Cumulus Media
Cumulus Media has asked the U.S. Bankruptcy Court for the Southern District of New York to extend the exclusivity period by four months. The company filed a voluntary petition for relief under Chapter 11 reorganization on November 29, 2017 and an extension would extend the proceeding into September. In its filing, Cumulus said

Entercom Q4 Net Revs Double with CBS Radio Merger
Entercom reported fourth quarter results on Thursday, which included CBS Radio beginning on November 17 when the merger closed. Net revenues rose to $246.6 million as compared to $124.6 million in 2016. Operating income (OI) was a loss of $2.3 million, which was negatively impacted by $36 million from the merger. This compared

Changes & Moves
Chuck Powell
Chuck Powell
KJR-AM (Sports Radio 950)/Seattle will debut of the new "Chuck and Buck" in mornings and Jason Puckett in middays, effective March 26. Chuck and Buck will air weekdays from 6-10am More

Quick Snaps
Westwood One: Laura Okmin co-hosted Westwood One's Today in PyeongChang, a nightly two-hour live broadcast that airs each day and providing coverage of the XXIII Olympic Winter Games. Pictured is Okmin with alpine skier Lindsey Vonn, who won a bronze medal in the downhill.