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Cumulus Q4 Net Revs Grew 5.2%, Adjusted EBITDA Up 31.6%
Cumulus Media
Cumulus Media
Cumulus Media reported fourth quarter net revenue rose 5.2% to $309.2 million from $293.8 million in 2017. Adjusted EBITDA of grew 31.6% to $65.6 million from $49.8 million. The company reported a net income of $43.7 million ($2.18 per diluted share) as compared with a net loss of $206.1 million More

Salem Media Acquires Conservative News Site PJ Media
Salem Media Group
Salem Media Group
Christian radio broadcaster Salem Media Group has agreed to acquire conservative news site PJ Media. PJ Media will become part of Townhall Media alongside conservative sites Townhall, HotAir, RedState, Twitchy and Bearing Arms under the leadership of Vice More

Report: Cox to Explore Sale of its 61 U.S. Radio Outlets
A month after agreeing to sell a majority stake in its TV portfolio, Cox Enterprises is looking to make a deal for its radio stations, reports Atlanta Business Chronicle's David Allison. Sources within the company tell More

POTUS' 2020 Budget Proposal Reduces Public Media Funding
President Trump's budget proposal for FY 2020 would eliminate a substantial portion of U.S. funding for Public Media. Under his new proposed budget, subject to approval by Congress, the President's 2020 budget would rescind all but $30 million of each FY 2020 and More

FCC Adopts Rules to Reimburse FM Stations Over TV Repack
FCC
FCC
The FCC has voted to adopt rules to reimburse FM stations for costs incurred due to the TV repack. It issued a Report and Order (Order) to adopt rules implementing Congress's directive in the 2018 Reimbursement Expansion Act (REA) that the agency reimburse certain More

Eastlan Replaces Nielsen in Merced, Adds Williamsport
Eastlan Ratings
Eastlan Ratings
The radio ratings currency is changing in Merced, CA. Eastlan Ratings will become the new measurement provider beginning with the Spring, 2019 survey period. Eastlan has also added service to the Williamsport, PA, market. "As has been the case since Eastlan was founded 20 years ago, we remain More

Saga Communications Q4 Net Revenues Increased 4.7%
Saga Communications
Saga Communications
Saga Communications reported fourth quarter net revenues increased 4.7% to $32.9 million from $31.4 million in 2017. Income from continuing operations before tax grew $2.3 million to $6 million compared to $3.7 million the previous year. Operating income was up More

Townsquare Q4 Net Revenue Rises 12%, Loss Narrows 40%
Townsquare Media
Townsquare Media
Townsquare Media reported fourth quarter net revenues grew 12%, and 14.4% excluding live events, to $108.9 million from $97.2 million in 2017. Net revenue increased 7.5% excluding political revenue. Interactive net revenue was up 28.5%, while advertising net More

Sabean Offers the Secrets to Successful Podcast Ads
Tim Sabean
Tim Sabean
More than two-thirds of advertising media decision makers have discussed advertising in podcasts, according to a study from Advertiser Perceptions. As podcasting becomes more mainstream and popoular with listeners, advertisers are turning their attention to the medium and podcast ads are now an More

Podtrac Issues Top Podcast Publishers for February 2019
The top 10 Podcast Publishers ranking and the top 20 Podcasts ranking for February, 2019 are now available. During the February Publisher ranking nine of the Top 10 publishers showed increases in their U.S. Unique Monthly Audience (UMA) over January with the More

YouTube Ties with FM as Biggest Music Discovery Source
NuVoodoo Media Services
NuVoodoo Media Services
NuVoodoo Media Services presents the second installment of its spring webinar series starting Monday, March 18 with results from NuVoodoo's latest Ratings Prospects Study of 3,084 respondents, ages 14-54, across all PPM markets. Recent data, collected in January More

Seven Reps Add Support for Local Radio Freedom Act in House
U.S. Congress
U.S. Congress
Seven Members of the House of Representatives have added their co-sponsorship to a resolution opposing "any new performance fee, tax, royalty, or other charge" on local broadcast radio stations. The Local Radio Freedom Act (LRFA), which signals Members of Congress's opposition to any potential More

VCY America Inc. to Acquire KTUK-FM (88.5) Tucson
VCY America
VCY America
VCY America Inc. has agreed to acquire 1.5kW Christian CHR KTUK-FM (88.5 Family Life Radio) serving Tucson from Family Life Broadcasting Inc. Terms were not immediately disclosed. VCY America Inc. is a Wisconsin-based company headed by Jim Schneider and currently More

Urban One Q4 Net Revenue Grows 4.1% to $113.5 Million
Urban One
Urban One
Urban One reported fourth quarter net revenue grew 4.1% to $113.5 million from $109 million during the same period in 2017. Broadcast and digital operating income was up 0.5% to $44.6 million. Operating income (OI) fell to $9.4 million from $20.6 million, while More

Salem Media Group Announces Quarterly Cash Distribution
Salem Media Group
Salem Media Group
Salem Media Group has announced that its board of directors has declared a cash distribution for the first quarter of 2019 in the amount of $0.065 per share. The cash distribution will be paid on March 29, 2019 to all Class A and Class B common stockholders of More

Arkansas Broadcasters Association Celebrates 70th Year
Arkansas Broadcasters Association
Arkansas Broadcasters Association
The Arkansas Broadcasters Association (ABA) is set to celebrate its 70th anniversary as a trade association for Arkansas Broadcasters. ABA began in 1949 focused on providing broadcasters with a lobbying voice, while also providing them with technical and regulatory support and continuous More

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