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November 2023 PPM

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November 2023 Trends

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Radio Business News

Podtrac Issues the Top Podcasts for November 2023

Podtrac

Podtrac has issued the top podcast publishers, top sales networks and top podcasts rankings for November. U.S. UMA increased or was flat for three of the Top 20 publishers in November, 2023 over October. The average U.S. Unique Monthly Audience for the Top 20 publishers was down 3% month-over-month and down More

$12B Projected in 2024 for Local Healthcare Advertising

BIA Advisory Services

A healthcare survey by BIA Advisory Services and SalesFuel reveals that healthcare marketers will spend more than $12 billion in local advertising in 2024. Hospitals and offices of physicians, dentists and chiropractors are top spenders with direct mail, PC/Laptop and TV OTA the media channels getting the More

iHeartMedia Closes on Four in Atlantic City from Equity

iHeartMedia

iHeartMedia has closed on its previously announced acquistion of four stations in Atlantic City, NJ from Equity Communications. Included in the deal were Hot AC WAYV-FM (95.1) in Atlantic City, Classic Rock WZXL-FM (100.7) in Wildwood, CHR WZBZ (99.3) in Pleasantville and Urban AC WTTH-FM (96.1) in Margate More

Study Finds Old School Still Rules for Local Radio

FMR Associates and Eastlan Ratings

New data from the 2023 FMR/Eastlan Ratings National Radio Listening Survey shows AM/FM local radio listeners still have a strong preference for the radio dial. Listeners outside the Top 30 markets are even more likely to enjoy their favorite stations on the radio dial. In large markets (Market 1-30), two More

Sen. Paul Blocks Passage of AM Radio for Every Vehicle Act

U.S. Congress

U.S. Senate Commerce Committee Ranking Member Ted Cruz (R-TX) took to the Senate floor on Tuesday requesting unanimous consent to pass his bipartisan, bicameral AM Radio for Every Vehicle Act. The legislation, which he introduced with Sen. Ed Markey (D-MA), would require automakers to keep AM broadcast radio More

Stu-Comm Closes on Buy of WTON-AM & FM/Stauton VA

Guest Technology

Stu-Comm Inc. of Charlottesville, VA has closed on its acquisition of 1kW Sports WTON-AM (ESPN 1240 The Boss) and 340W Classic Hits WTON-FM (Star 94.3)/Staunton, VA from High Impact Communications. WTON-FM, which covers most of the Shenandoah Valley from a tower on Elliot Knob More

Study Finds Weekly AM/FM Radio Listening Steady at 86%

FMR Associates and Eastlan

The new FMR Associates/Eastlan National Radio Listening Study, conducted annually from March to October, shows weekly AM/FM listening in 2023 among adults ages 25-64 remains strong at 86%, unchanged from 2022. The consistent listenership spans across different demographics, including age, sex, market rank More

Monday Has Biggest Rise in Audio Listening-From-Home

Edison Research

When Edison Research began measuring all audio in 2014 with its Share of Ear product, at-home listening accounted for about 50% of all time spent with audio. That number hardly ever changed, never varying by more than one or two points in either direction as the firm updated the data quarter by quarter. More

Spanish Broadcasting Q3 Net Revs Fall 8% to $35 Million

Spanish Broadcasting System

Spanish Broadcasting System reported third quarter net revenue fell 8% to $35 million from $38 million in 2022. The decrease was primarily due to other revenue, network, local, and digital sales, partially offset by increases in barter and national sales. Operating expenses increased More

LeGeyt Spotlights Role of Broadcasting with Rise of AI

Curtis LeGeyt

NAB President and CEO Curtis LeGeyt participated Wednesday in a Senate AI Insight Forum entitled "Transparency, Explainability, Intellectual Property and Copyright." During the discussion, LeGeyt emphasized the vital role of local broadcasters in providing trusted news, sports and entertainment. He spoke More

Broadcast Music Inc. Sold to Shareholder Group

Broadcast Music Inc. (BMI)

New Mountain Capital will lead a shareholder group to acquire Broadcast Music Inc., the world's largest performing rights organization. Headquartered in New York, BMI protects the rights of and advocates for more than 1.4 million songwriters, composers and music publishers. BMI secures royalties for its More

Smart Speaker Owners Listen to More Streaming Audio

Edison Research

"The evolution of audio is partially fueled by new audio technology" was one of five audio megatrends cited in the Audio in Evolution webinar presented by Edison Research and Amazon Ads earlier this month. The webinar included data from Edison's Infinite Dial reports and Share of Ear studies, along with More

Study: Air Personalities Drive Advertising Effectiveness

Westwood One

It is commonly accepted wisdom that talent reads by podcast hosts or AM/FM personalities drive brand impact and sales effect. Now, a new study from System1, a creative effectiveness measurement firm, uncovers how talent-reads impact a brand's market share and short-term sales effect. The findings are More

Urban One Get Nasdaq Determination, Files Quarterly Reports

Urban One

Urban One has received an Additional Staff Delisting Determination from the Listing Qualifications Department of the Nasdaq Stock Market, noting that the company is now delinquent in filing its Form 10-Q for the period ended September 30, 2023 and that the additional delinquency may More

KEXP to Acquire KREV/San Francisco Out of Bankruptcy

KEXP-FM/Seattle

KEXP/Seattle has purchased KREV (92.7) in San Francisco and pending FCC approval and will assume full ownership and operation of the station within the next few months, reports the Seattle Times. This according to a donor email written by KEXP CEO Ethan Raup. The station formerly owned by Royce More

Triton Digital Releases the October U.S. Podcast Ranker

Triton Digital

Triton Digital releases its October, 2023 reporting period (October 2-October 29), U.S. Podcast Ranker, as measured by Triton's Podcast Metrics measurement service. Yet again, SiriusXM Podcast Network remained in the #1 spot on the Top Sales Networks Report for the month of October, More

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