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Radio Business News

Beasley Broadcast Q4 Revs Up 2.3% to $67.3 Million

Beasley Broadcast Group

Beasley Broadcast Group reported a slight increase in net revenue for the fourth quarter, up 2.3% to $67.3 million, buoyed by $8.3 million in political advertising. This gain helped counterbalance declines in commercial advertising and losses from divestitures, including the Wilmington station and closures More

Townsquare Media Reports Positive Q4 Earnings Boost

Townsquare Media

In a detailed update accompanying its annual shareholder letter, Townsquare Media Inc. revealed a mixed financial performance for the year ended December 31, 2024, with notable gains in the fourth quarter offsetting some of the annual declines. The company navigated a challenging economic More

SMG Divests Honolulu Stations to Malama Media Group

Salem Media Group

Salem Media Group has announced the sale of its remaining radio stations and digital assets in Honolulu to Malama Media Group, pending FCC approval. This transaction marks the end of Salem's broadcasting presence there, but ensures the continuation of the current station formats under new ownership. More

Salem Media Group Reports Fiscal Year 2024 Results

Salem Media Group

Salem Media Group reported its financial results for the fiscal year ended December 31, 2024 on Friday. Total net revenue decreased by 8.1% to $237.56 million in 2024, down from $258.65 million in 2023. Net broadcast revenue fell to $185.9 million, a decrease of 5.9% compared to the More

Saga Reports Decline in Q4 Revenue and Profits

Saga Communications

Saga Communications reported a decrease in both quarterly and annual financial results for the period ending December 31, 2024. The company cited various market challenges that impacted its performance throughout the year. For the fourth quarter of 2024, Saga reported a 1.3% decline More

Cumulus Faces NASDAQ Delisting Over Equity Shortfall

Cumulus Media

Cumulus Media Inc. has been notified by NASDAQ of its failure to meet the minimum stockholders' equity requirement for continued listing on the NASDAQ Global Market. As of December 31, 2024, Cumulus Media's stockholders' equity was recorded at $6,951,000, which falls below NASDAQ's required $10 million. The More

Entravision Q4 Net Revs Rises 37% to $106.9 Million

Entravision Communications

Entravision reported a 37% increase in consolidated net revenue for the fourth quarter, totaling $106.9 million, and a 23% rise for the year, reaching $364.9 million. The media segment saw a 30% revenue jump in Q4 and a 13% increase for the year, reflecting the company's enhancement of local news programming More

BIA Estimates 2025 Local Ad Revenue to Reach $171B

BIA Advisory Services

According to BIA Advisory Services' latest forecast, U.S. local advertising revenue is projected to reach $171 billion in 2025, a 6.1 percent increase from 2024, driven largely by a surge in digital media spending, BIA Advisory Services reports. Including political spending, which notably declines More

SBS Announces Extension of Credit Facility Terms

Spanish Broadcasting System (SBS)

Spanish Broadcasting System (SBS) has disclosed an amendment to its financial structure, specifically concerning its asset-based loan credit facility. According to a material change report filed on March 5, the company has extended the maturity date of its existing credit arrangement More

Local Radio Freedom Act Reintroduced in U.S. Senate

U.S. Congress

The Local Radio Freedom Act (LRFA) has been reintroduced in both chambers of Congress, with a new resolution now filed in the Senate. Senators John Barrasso (R-WY) and Maggie Hassan (D-NH) have introduced the bipartisan resolution (S.Con.Res.8), with 18 additional senators co-sponsoring the effort. This More

FCC Proposes Fines Against Pirate Radio Operations

Federal Communications Commission (FCC)

The FCC has proposed nearly $400,000 in fines under the Preventing Illegal Radio Abuse Through Enforcement Act (PIRATE Act) against unauthorized radio broadcasters in the Miami area. The enforcement actions target pirate radio operators whose illegal broadcasts can interfere with licensed stations, More

Cumulus Q4 Net Revs Down 1.2% to $218.6 Million

Cumulus Media

Cumulus Media reported its fourth-quarter and full-year 2024 financial results, reflecting continued pressure on traditional broadcast revenue but growth in digital operations and cost-cutting measures. For the fourth quarter of 2024, Cumulus reported $218.6 million in net revenue, a 1.2% decline compared to More

iHeartMedia Reports Q4 and Full-Year 2024 Results

iHeartMedia

iHeartMedia reported an 18.2% year-over-year increase in Adjusted EBITDA for the fourth quarter of 2024, reaching $246 million, marking the highest percentage growth in nearly three years. Consolidated revenue for the quarter rose 4.8% to $1.12 billion, primarily driven by increases in political and digital More

FCC Investigates iHeartMedia Over Potential Payola Violations

Federal Communications Commission

The FCC has issued a formal inquiry into iHeartMedia regarding potential payola violations tied to the upcoming iHeartCountry Festival 2025, scheduled for May 3 in Austin, TX. The agency's Enforcement Bureau is investigating concerns that musicians may be compelled to perform at the festival for little or no More

Townsquare Media Secures $490 Million Credit Agreement

Townsquare Media

Townsquare Media has entered into a $490 million credit agreement with Bank of America, N.A., the company announced in an 8-K regulatory filing. The new financing arrangement includes a five-year, $470 million senior secured term loan facility and a $20 million senior secured revolving credit More

OPS Purchases of KEWU (89.5) in Spokane from EWU

Oldies Preservation Society (OPS)

The Oldies Preservation Society (OPS) has reached an agreement with Eastern Washington University (EWU) to acquire its non-commercial FM station KEWU-FM (89.5) for $510,000. The deal will displace its current Jazz format. OPS, known for its dedication to preserving classic rock More

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