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21 Members of Congress Added as LRFA Cosponsors
U.S. Congress
U.S. Congress
Twenty-one members of the House of Representatives and two senators have added their support to a resolution opposing "any new performance fee, tax, royalty, or other charge" on local broadcast radio stations. The Local Radio Freedom Act (LRFA), which signals the opposition of members of Congress to any More

Top 25 Podcasts Reach 45% of Weekly Podcast Listeners
Edison Research
Edison Research
When advertisers look at the podcasting space, they are met with the reality of a world filled with hundreds of thousands of shows, many of which have loyal audiences. All across the spectrum there are effective podcasts targeting niche audiences that can really pay off for the right advertiser. So, how many More

SBS Reports Q1 Net Revenues Down 9% to $34.5 Million
Spanish Broadcasting System
Spanish Broadcasting System
Spanish Broadcasting System (SBS) reported first quarter net revenue from continuing operations fell 9% to $34.5 million from $38.03 million in 2022. Operating Expenses grew 5% to $27.73 million from $26.37 million. Station Operating Income (SOI) was down 42% to $6.8 million from More

87% of U.S. Podcast Marketers More Than Double ROI
Acast
Acast
Acast released new research on the effectiveness of podcasting for return on ad spend among U.S. marketers. According to the study, which surveyed marketers who have spent on multiple podcast campaigns before, podcasts deliver a high return on ad spend, with more than two-thirds (67%) of U.S. marketers More

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Edison Research Report: Radio Listening on a Radio Set
Edison Research
Edison Research
Edison Research notes that until rather recently, the word "radio" could be used interchangeably to denote either the device -- the 'radio set' -- or the sounds emanating from that set. There was only one way to listen to radio and that was on a radio. But of course with the advent of streaming, and in More

NASDAQ Listing Qualifications Dept. Warns Urban One
Urban One
Urban One
Urban One has received a letter from Nasdaq's Listing Qualifications Department, notifying the company that it was not in compliance with the requirements of Nasdaq Listing Rule. The reason was the company's failure to file its Annual Report on Form 10-K for the period ended December More

Ford Says it Will Keep AM Radio in Automobiles
Ford
Ford
Ford CEO Jim Farley announced Tuesday that it's reversing its previous decision to remove AM radio from new vehicles, both electric and gasoline operated, in 2024. In a post on LinkedIn and Twitter, he wrote, "After speaking with policy leaders about the importance of AM broadcast More

Spotify is Largest U.S. Podcast Network Based on Reach
Edison Research
Edison Research
Edison Research has announced the Top Podcast Networks in the U.S. based on total network reach for Q4 2022 through Q1 2023 among weekly podcast listeners age 13+. The Top Podcast Networks are ranked by the reach of the producer or network that represents the advertising for the show, not the platform or app More

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Next Gen NASCAR Audience Research to be Revealed
Motor Racing Network
Motor Racing Network
A multi-market study has been commissioned by Motor Racing Network in Spring, 2023 and fielded by FMR Associates using their Local Radio Analysis product to uncover the latest information on NASCAR fans in the Next Gen Era. This research will give sellers, partners and broadcasters More

President Joe Biden Announces Three FCC Nominees
Federal Communications Commission
Federal Communications Commission
President Joe Biden has announced his intent to nominate Anna M. Gomez for FCC Commissioner, filling the vacant Democratic seat. Concurrently, he renominated of Commissioner Geoffrey Starks -- who has served as a FCC Commissioner since 2017 -- and FCC Commissioner Brendan Carr. The nomination of Gomez would More

Radio CEOs Join RAB for ''Culture Starts at The Top''
Radio Advertising Bureau
Radio Advertising Bureau
As part of RAB's continued live presentation series, the next presentation is "Culture Starts at The Top." The session will help managers identify and adjust their own company culture to navigate change. Viewers of the presentation will also learn how help their team members handle adversity. During this More

NABOB Says the Future of AM Radio is in Jeopardy
National Association of Black Owned Broadcasters
National Association of Black Owned Broadcasters
National Association of Black Owned Broadcasters (NABOB) says the removal of AM radio in electric vehicles from eight of the top 20 automakers producing vehicles is creating shock waves in the broadcasting industry. This is particularly true for Black-owned radio broadcasters, who More

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Pfizer Uses AM/FM Radio To Generate Incremental Reach
Westwood One
Westwood One
Last week Pfizer, the pharmaceutical giant, named Publicis Groupe as their new media agency and awarded Interpublic Group as their lead creative partner. One surprising aspect to Pfizer's recent success has been its use of AM/FM radio as a key element of its media plan. This week's Cumulus Media | Westwood More

LMN Closes on 18 TelevisaUnivision Radio Outlets for $60M
Latino Media Network
Latino Media Network
Latino Media Network, a new company founded by entrepreneurs Stephanie Valencia and Jess Morales Rocketto, has closed on its previously announced acquisition of 18 radio outlets in ten markets from TelevisaUnivision in an all cash transaction for $60 million. Included in the deal More

Report: Biden to Nominate Anna Gomez as FCC Commissioner
Anna Gomez
Anna Gomez
President Joe Biden plans to nominate veteran government attorney Anna Gomez to the vacant FCC commission seat, reports Bloomberg. This would give the agency its first Democratic majority of his term. Earlier this year, his previous nomination Gigi Sohn withdrew her name after more than two years of More

AM Radio for Every Vehicle Act Introduced in Congress
U.S. Congress
U.S. Congress
Senators Ed Markey (MA), Ted Cruz (TX), Tammy Baldwin (WI), Deb Fischer (NE), Ben Ray Luján (NM) and J.D. Vance (OH), and Reps. Josh Gottheimer (NJ-5), Bruce Westerman (AR-4), Tom Kean, Jr. (NJ-7), Rob Menendez (NJ-8) and Maria Gluesenkamp Perez (WA-3), introduced legislation Wednesday in response to some More

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