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July 2026

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Radio Business News

Connoisseur Media Sells Four in Minnesota to Hometown

Connoisseur Media

Connoisseur Media has agreed to sell four stations serving Austin and Albert Lea, MN, to Hometown Broadcasting of Austin and Albert Lea, LLC. The deal includes KAUS-AM and KAUS-FM in Austin and KATE-AM and KCPI-FM in Albert Lea. The transaction is subject to FCC approval and is expected to close in early More

Second Circuit Mandate Restores Cumulus Injunction

Cumulus Media and Nielsen

The U.S. Court of Appeals for the Second Circuit has formally issued its mandate in Cumulus Media's antitrust case against Nielsen, putting the preliminary injunction against Nielsen's Network Policy back into effect and ending the stay that had remained in place during the appeal. The mandate was issued More

FCC Settles Kentucky Stations Compliance Case

Federal Communications Commission

The FCC's Media Bureau has reached a Consent Decree with Morgan County Industries resolving a series of rule violations involving four Kentucky radio stations, including late license renewal filings, periods of silence and reduced-power operation without required authority and deficiencies in the stations' More

Beasley Regains Compliance with Nasdaq Listing Rule

Beasley Broadcast Group

Beasley Broadcast Group has regained compliance with Nasdaq's minimum stockholders' equity requirement, resolving a listing issue disclosed earlier this year. In an SEC Form 8-K filing, Beasley said it received written notice from the Nasdaq Listing Qualifications Department on August 19 confirming that More

Salem Media Goes Private Following WaterStone Deal

Salem Media

Salem Media has completed its acquisition by The Christian Community Foundation, Inc., doing business as WaterStone, taking the Christian and conservative media company private. WaterStone acquired all outstanding shares of Salem Media common stock for $1 per share, representing approximately a 250% premium More

Court Denies Nielsen Rehearing Bid in Cumulus Case

Nielsen and Cumulus Media

The U.S. Court of Appeals for the Second Circuit has denied Nielsen's request for rehearing in its legal battle with Cumulus Media, leaving intact the court's earlier ruling in favor of the broadcaster. In a one-page order issued August 18, the court denied Nielsen's petition for both panel rehearing and More

iHeart Study Finds Gen Z Turning to Radio for Connection

iHeartMedia

New research from iHeartMedia suggests Gen Z's desire for community and shared experiences is helping drive engagement with broadcast radio, particularly when young listeners are with friends and family. The study, conducted by Critical Mass Media, examined Gen Z's relationship with audio and found that More

Cumulus Revenue Falls 9.7% in Second Quarter

Cumulus Media

Cumulus Media reported second quarter 2026 net revenue of $167.9 million, down 9.7% from $186.0 million a year ago, as declines in its broadcast radio business continued to weigh on results. The company posted a net loss of $9.2 million, compared with a loss of $12.8 million in the year-ago quarter. Adjusted More

Saga Q2 Revenue Falls 6.5% to $26.4 Million

Saga Communications

Saga Communications reported second quarter 2026 net revenue of $26.4 million, down 6.5% from $28.2 million in the same period a year ago. Station operating income fell 50.6% to $3.0 million. Station operating expenses increased 5.4% to $23.4 million, or 3.9% excluding non-cash More

K-LOVE Inc. Closes on Acquisition of WZBA in Baltimore

WZBA in Baltimore

K-LOVE, Inc. has closed on its previously announced acquisition of Classic Rock WZBA-FM (100.7 The Bay) and two associated FM translators serving the Baltimore market from Shamrock Communications. The transaction includes WZBA-FM (100.7 MHz) licensed to Westminster, MD, along with translators W261CD More

Beasley Q2 Revenue Falls, Adjusted EBITDA Rises

Beasley Broadcast Group

Beasley Broadcast Group reported second-quarter 2026 net revenue of $44.1 million, down from $53.0 million a year earlier, while Adjusted EBITDA increased to $5.3 million from $4.7 million. On a same-station basis, revenue declined 9.6%, reflecting continued weakness in traditional national and local More

Salem Media Narrows Q2 Loss as Revenue Falls 15%

Salem Media

Salem Media reported a sharply reduced net loss for the second quarter of 2026 despite a 15% decline in revenue, as lower operating expenses and impairment charges helped improve the company's bottom line. For the three months ended June 30, Salem posted total net revenue of $45.9 million, down 15.2% More

iHeartMedia Q2 Revenue Rises 4.7% to $977 Million

iHeartMedia

iHeartMedia reported second-quarter 2026 revenue of $977.2 million, an increase of 4.7% from $933.7 million a year earlier, as continued growth in its digital and podcast businesses offset weakness in its Multiplatform Group. Excluding political advertising, consolidated revenue increased 3.5%. GAAP More

Entravision Q2 Revenue Jumps 126% on Ad Tech Growth

Entravision Communications

Entravision Communications reported second-quarter 2026 net revenue of $227.9 million, up 126% from $100.7 million in the same period last year, driven by rapid growth in its Advertising Technology & Services business. The company's Advertising Technology & Services segment generated $182.8 million in More

Townsquare Q2 Digital Growth Offsets Broadcast Decline

Townsquare Media

Townsquare Media reported second quarter 2026 results that met its previously issued guidance, as accelerating digital advertising growth helped offset continued weakness in broadcast advertising. The company posted second-quarter net revenue of $115.4 million, essentially flat from a year More

Magnum to Acquire Sparta-Tomah Radio Outlets

Magnum Media

Magnum Communications has reached an agreement to acquire four western Wisconsin radio outlets from Sparta-Tomah Broadcasting Co., with an application for the sale to be filed with the FCC. The transaction includes Country WCOW-FM (97.1), News/Talk WKLJ-AM (1290), translator More

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