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Radio Business News

iHeartMedia Shares Spike as Meme-Stock Fever Hits IHRT

iHeartMedia

iHeartMedia became the latest radio broadcaster to be swept into a wave of social-media-fueled trading on Thursday, with shares jumping as much as 11.5% in afternoon trading amid heavy attention from online investor groups. According to TradingView, iHeartMedia (IHRT) saw a sharp burst of volume as More

Beasley Stock Soars Amid Meme Frenzy, Trading Halts

Beasley Media Group

Beasley Broadcast Group (BBGI) is once again displaying classic "meme stock" behavior, with retail investors and online speculators driving massive, rapid swings in its share price despite ongoing financial challenges at the company. The stock surged over 256% by late morning, More

Urban One Moves Ahead With Indenture Changes for 2028 Notes

Urban One

Urban One has executed a supplemental indenture tied to its ongoing exchange offer for its 7.375% senior secured notes due 2028, according to an 8-K filing submitted to the SEC. The agreement, dated December 3, becomes operative only if the company completes its previously announced More

SBS Posts Lower Q3 Revs, Sees 2025 Strong Sequential Gains

Spanish Broadcasting System (SBS)

Spanish Broadcasting System (SBS) reported third-quarter 2025 financial results on Wednesday, highlighting improved performance compared to earlier this year despite continued softness in the broader advertising market. The company said sequential gains in revenue, Station Operating More

Urban One Reports 92% Early Tender in Debt Exchange

Urban One

Urban One Inc. says it has received overwhelming early support for its previously announced debt exchange, tender, and subscription offers, with Eligible Holders tendering approximately $450 million of its 7.375% Senior Secured Notes due 2028 as of the early deadline on December 1. More

Usher Media to Acquire Six NRG Stations in Central NE

NRG Media

A new ownership chapter is on the horizon for several Central Nebraska radio stations, as NRG Media has signed an agreement to sell six of its properties to Usher Media LLC. An application for FCC approval has been filed for the transfer of KGFW-AM, KQKY-FM, KRNY-FM, and K241CN-FX in More

Connoisseur Sells MN & SD Stations to Christensen

Connoisseur Media

Connoisseur Media has reached an agreement to sell its stations in Luverne, MN and Madison, SD to two entities under Christensen Broadcasting. Christensen Broadcasting LUV LLC will acquire KLQL-FM and KQAD-AM in Luverne, while Christensen Broadcast Group, Inc. will take ownership of KJAM-FM and KJAM-AM in More

MediaCo Reports Strong Q3 Revenue Gains

MediaCo

MediaCo Holding Inc., owner of WQHT (Hot 97) and WBLS/New York, posted higher revenues and a return to positive adjusted EBITDA in the third quarter of 2025, driven by gains from the April 2024 Estrella acquisition and continued growth across its audio, video, and digital businesses. More

MediaCo Delays Q3 Filing, Projects Higher Revs

MediaCo

MediaCo Holding Inc., owner of Estrella Media and WBLS and WQHT (Hot 97) in New York, has notified the Securities & Exchange Commission that it will be late in filing its third quarter earnings report - even as the company previews strong revenue growth paired with a sharply higher More

Connoisseur to Sell Bakersfield Stations to Frequency

Connoisseur Media

Connoisseur Media has reached an agreement to sell its Bakersfield, CA cluster to Frequency Broadcasting, a locally owned company operated by Kaitlyn and Danny Hill. Under the deal, Frequency will acquire KLLY-FM, KKBB-FM, and KNZR-AM & FM. The transaction is subject to FCC approval and is expected to close More

Urban One Opens Exchange, Tender and Consent Process

Urban One

Urban One has launched a debt restructuring initiative, opening an exchange offer, tender offer and consent solicitation for its outstanding 7.375% Senior Secured Notes due 2028. The company is offering eligible holders the option to exchange any or all of their existing 2028 More

iHeartMedia Q3 Revs Slip 1%, Digital Audio Up 14%

iHeartMedia

iHeartMedia reported third quarter 2025 revenue of $997 million, down 1.1% from the prior year. Excluding political advertising from the 2024 election cycle, revenue increased 2.8%. The company posted a GAAP operating loss of $116 million compared to operating income of $77 million a year ago, including $209 More

Beasley Q3 Revs Fall 12%, Digital Now 25% of Total Sales

Beasley Media Group

Beasley Broadcast Group reported third quarter 2025 net revenue of $51 million, down 12.4% from $58.2 million in the same period last year, reflecting continued softness in agency advertising offset by gains in digital and local direct sales. The company posted an operating loss More

Salem Media Group Reports $2.3 Million Q3 Loss

Salem Media Group

Salem Media Group reported a net loss of $2.3 million for the third quarter ended September 30, as the company continued restructuring efforts and completed several major asset sales. The result compares to a $6.6 million loss in the same quarter a year ago. For the first nine months More

Townsquare Q3 Revenue Falls 7%, Digital Rises

Townsquare Media

Townsquare Media reported third quarter 2025 results showing total net revenue down 7.4% year-over-year to $106.8 million, reflecting declines in both digital and broadcast advertising. Excluding political advertising, net revenue fell 4.5%. The company posted a net loss of $5.5 million, compared More

Saga Posts Q3 Loss on Music Licensing Settlement

Saga Communications

Saga Communications reported a third-quarter net loss of $532,000, reversing a profit of $1.3 million in the same period last year, largely due to a retroactive music licensing settlement with ASCAP and BMI. Net revenue slipped 1.8% to $28.2 million, compared to $28.7 million a year More

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