Nielsen Ratings

October 2024 PPM

Nielsen Ratings

October 2024 Trends

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Radio Business News

Survey: Podcast Advertising Drives High Engagement

Veritonic

Podcasts continue to solidify their position as a powerful medium for brands, with a recent survey highlighting the effectiveness of podcast advertising. Conducted by Veritonic, the survey provides insights into how brands can optimize their audio creative strategies to maximize More

MediaCo Holdings Reports Rising Q3 2024 Results

MediaCo

MediaCo Holding Inc., the parent company of New York-based WQHT-FM (Hot 97) and WBLS-FM, reported significant financial growth for the third quarter of 2024, thanks in large part to its acquisition of Estrella Media. Revenue grew 363% to $29.9 million from $6.4 million, while net income rose to $54.9 million More

Study Finds AM/FM Radio Dominates Ad-Supported Audio

Edison Research

Edison Research's latest Share of Ear report for Q3 2024 reaffirms AM/FM radio's position as the leading ad-supported audio platform in the U.S., maintaining its dominance across all major demographics. The quarterly study, which surveys 4,000 Americans annually to track audio consumption habits, highlights More

Woodward Expands Springfield Presence with Mid-West Deal

Woodward Communications

Woodward Communications Inc. (WCI) has agreed to acquire four stations from Mid-West Family in Springfield, IL. The acquisition includes WNNS-FM, WQLZ-FM, WMAY-FM and WMAY-AM, expanding WCI's presence in Springfield, where it recently purchased four stations from More

Urban One Reports 6.3% Decline in Q3 2024 Revenues

Urban One

Urban One reported a decrease in net revenues and a significant operational loss for the third quarter of 2024. The company's net revenue fell by 6.3% to $110.4 million, down from $117.8 million in the same quarter last year. This decline reflects a broader contraction across several More

Nielsen Audio Cuts Listener Count to Three Minutes

Nielsen

Nielsen has announced that starting January, its Nielsen Audio division will adjust the duration needed to count a radio listener from five minutes to three minutes. The ratings giant explained that this update will enable radio broadcasters and advertisers to better account for More

Reyes Media Acquires KKSW From Great Plains for $2.25M

KKSW-FM (105.9 Kiss FM)

Spanish-language Media company Reyes Media Group has agreed to acquire 100kW CHR KKSW-FM (105.9 Kiss FM) from Great Plains Media for $2.25 million, according to filings with the FCC. The station, covering the Topeka and Kansas City areas, may potentially transition to a Spanish-language format More

CPB Awards Up to $587,000 to Three Public Radio Stations

Corporation for Public Broadcasting (CPB)

Public radio KVPR in Fresno, WQLN in Erie, and KRCL in Salt Lake City are set to receive a significant financial boost aimed at enhancing their emergency alert capabilities. The Corporation for Public Broadcasting (CPB) has earmarked a total of $587,704 for these stations as part of More

Zelus Esports Closes on Buy of Four FMs in Phoenix

Kalil & Co.

Zelus Esports has closed on its acquistion of 41kW KKFR-FM (98.3), 42kW KMVA-FM (97.5), 41kW KOAI-FM (95.1) and 100kW KZON-FM (103.9) in Phoenix, AZ, from Desert Valley Media Group Desert Valley Media Group. Zelus Esports is a Texas-based company headed by Michael Cutchall and has no other broadcast More

Salem Media Group Reports Q3 Revenue of $58.7 Million

Salem Media Group

Salem Media Group reported third quarter total revenue of $58.7 million, marking a decrease of 7.5% compared to $63.5 million in 2023. This reduction was primarily due to a 6% decline in net broadcast revenue, which fell from $48.9 million to $46 million in the current period. More

Podtrac Releases Top Podcast Rankings for October 2024

Podtrac

In the latest monthly rankings for October 2024, released by Podtrac, the podcast industry continues to show robust growth, with increases in unique monthly audience (UMA) figures and downloads across the board for the majority of U.S. publishers. Podtrac reported that nearly all U.S. ranking participants More

iHeartMedia Reports 5% Rise in Q3 Consolidated Revenue

iHeartMedia

iHeartMedia reported robust growth for the third quarter with a 5.8% rise in consolidated revenue to $1,008 million, aligned with its mid-single-digit growth forecast. Digital Audio Group stood out with a 13% increase in revenue, reaching $301 million. This surge was spearheaded by an 11% rise in podcast More

Saga Reports Downturn in Q3 Revenue and Profits

Saga Communications

Saga Communications disclosed a decrease in its financial performance for the third quarter ended September 30. The company reported a 3.5% reduction in net revenue, down to $28.1 million from $29.1 million in the same period last year. This decline was accompanied by a 21.2% drop in More

Townsquare Reports Modest Revenue Growth in Q3 2024

Townsquare Media

Townsquare Media reported slight increase in its third quarter net revenue for 2024, with figures slightly up by 0.2% compared to the same period last year. Net revenue rose marginally to $115.3 million, despite a challenging market environment. Net income saw a notable improvement, rising More

Entravision Announces Robust Q3, Declares Dividend

Entravision Communications

Entravision Communications reported third quarter results for 2024, showcasing a 25% increase in net revenue and a significant realignment of its operating segments. For the quarter, the media and advertising technology company reported net revenues of $97.2 million, up from $77.4 million in the More

Auddia Inc. Reports Mixed Results in Third Quarter

Auddia Inc.

Auddia Inc., a technology firm specializing in audio solutions, reported a net loss of $1.95 million for the third quarter ended September 30. This marks a slight reduction in losses compared to $2.12 million for the same period last year. While the company's revenue remains More

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