The share of time spent listening to spoken word audio has increased 20% since 2014, while time spent with music across the same period fell 5%. This shift is led by an increase in spoken word audio consumption on mobile devices across age groups, and growth in spoken word share among those ages 13-34. These More

Cumulus Media Q3 Net Revenue Declined 0.5% to $280.8M

Cumulus Media

Cumulus Media reported third quarter net revenue decreased 0.5% to $280.8 million from $282.2 million in 2018. Adjusted EBITDA declined 5.5% to $58.7 million from $62.1 million. On a same station basis, excluding the impact of political revenue, net revenue grew 3.9% and adjusted EBITDA increased 2.2%. The More

Salem Media Group Q3 Total Revenue Down 2.2% to $64.1M

Salem Media Group

Salem Media Group reported third quarter total revenue declined 2.2% to $64.1 million from $65.5 million. Net broadcast revenue fell 2.3% to $47.7 million from $48.8 million, while station operating income (SOI) decreased 11% to $10.4 million from $11.7 million. Adjusted EBITDA fell More

Entercom Q3 Net Revs Increase 2%, Adjusted EPS Up 23%

Entercom

Entercom Communications reported third quarter net revenues rose 2% to $386.1 million from $378.5 million in 2018. Operating income grew to $79.5 million from $78.7 million, while adjusted EBITDA was up 13% to $98 million from $86.7 million. The company posted a net income of $38.2 million (28 cents per More

Salem Media Group Re-schedules Q3 Earnings Release

Salem Media Group

Salem Media Group has re-scheduled its earnings release and plans to report its third quarter 2019 financial results at 12pm PT on November 12. The company also plans to host a teleconference to discuss its results on November 12 at 1pm PT. The company announced last Wednesday that More

Petition Requests 3rd Circuit Rehearing on Ownership Rules

FCC

NAB along with other radio and TV broadcasters have filed a petition requesting a rehearing by the full Third Circuit Court of Appeals of a challenge to the Commission's 2016 quadrennial review order on broadcast ownership rules. In September, a three-judge panel of the Court vacated More

iHeartMedia Q3 Revenue Up 3% to $948.3M, Radio Stable

iHeartMedia

iHeartMedia reported third quarter revenue of $948.3 million, up 3% over 2018 totals. Excluding political revenue, revenue grew 4.9%, driven by growth across all revenue streams as digital revenue rose 33.4%. Operating income declined 24.6% to $140.8 million and adjusted EBITDA of $274.7 million was up 0.3%. More

Urban One Q3 Net Revenue Up 0.3% to $111.1 Million

Urban One

Urban One reported third quarter net revenue grew 0.3% to $111.1 million from $110.3 million in 2018. Broadcast and digital operating income climbed 3.2% to $44.8 million. Operating income was up to $32.5 million as compared to $32.1 million. Adjusted EBITDA was $40.0 million as More

Saga Communications Q3 Net Revenues Flat Over 2018 Totals

Saga Communications

Saga Communications reported net revenue of $31.3 million for the third quarter compared to $31.7 million in 2018. Gross revenue was flat with last year for the quarter net of $96,000 of political revenue this quarter and $486,000 of political revenue for the same period last year. More

Entravision Q3 Net Revenue Down 8%, Earnings Swing to Loss

Entravision

Entravision Communications reported third quarter net revenue of $68.8 million, down 8% from $74.5 million in 2018. The company's radio unit was down 6% to $14.78 million from $15.78 million. Operating expenses fell 2% to $43.2 million from $44 million, while consolidated adjusted EBITDA declined 19% to $9.1 More

Univision Q3 Revenue Up 8.5%, Radio Segment Down 1.8%

Univision

Univision Communications reported third quarter revenue increased 8.5% to $681.4 million from $628.2 million in 2018. Core revenue grew 2.6% to $675.1 million from $657.7 million. Income from continuing operations was $77.4 million compared to $12.4 million, while adjusted OIBDA increased 11.3% to $257 More

Salem Media Postpones Third Quarter 2019 Earnings Release

Salem Media Group

Salem Media Group announced Wednesday that it would postpone the release of its third quarter 2019 financial results to accommodate the additional time required by the company and its independent auditors to finalize the analysis of valuation allowances for deferred taxes. The More

FCC Commissioner Starks Announces New Legal Advisor

FCC

FCC Commissioner Geoffrey Starks appoints Austin Bonner as Legal Advisor covering wireline and public safety issues. Bonner most recently served as an associate with the law firm of Harris, Wiltshire, & Grannis LLP, where she practiced with the Communications and Appellate More

Radio Punjab to Acquire KTXV-AM (890)/Dallas for $225K

Kalil & Co.

Radio Punjab Dallas LLC has agreed to acquire 20kW Asian KTXV-AM (890)/Dallas from Dallas Major Radio for a reported $225,000. The seller, Dallas Major Radio, is a California-based company. The buyer, Radio Punjab Dallas, is a Washington-based company headed by Sukhdev Dhillon. Kalil & Co. brokered More

Nebraska Rural Radio Association to Acquire Seven in NE

Kalil & Co.

Nebraska Rural Radio Association has agreed to acquire seven radio outlets in Nebraska from Legacy Communications LLC. Terms were not immediately disclosed. Included in the deal are 100kW KMOR-FM (93.3), 0.95kW KETT-FM (99.3), 100kW KOZY-FM (101.3), 25kW KHYY-FM (106.9), 1kW KOAQ-AM (690) and 1kW KOLT-AM More

Misslou LLC to Purchase KFNV & KWTG in Louisiana

Media Services Group

Misslou LLC has agreed to purchase 18.5kW Classic Hits KFNV-FM (107.1) licensed to Ferriday, LA and 3kW Country KWTG-FM (104.7) licensed to Vidalia, LA from Tom D. Gay. Misslou is headed by Brenda Floyd and James Allgood and owns no other broadcast interests. Seller Tom Gay has More