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SBS Returns to 2024 Profitability Despite Concern Warning
Spanish Broadcasting System
Spanish Broadcasting System
Spanish Broadcasting System posted a net income of $1.66 million for the year ended December 31, 2024, rebounding from a net loss of $40.7 million in 2023. The improvement was largely driven by a $43.6 million drop in impairment charges compared to the prior year and a reduction in More

Cumulus Reports $32.4M Q1 Loss Amid Tariff Headwinds
Cumulus Media
Cumulus Media
Cumulus Media reported a net loss of $32.4 million for the first quarter of 2025, more than double the $14.2 million loss from the same period a year earlier, as ongoing economic pressure and new tariffs weighed on advertiser sentiment. "For the first quarter, we delivered revenue in line with pacing More

NABOB Urges FCC to Preserve Local Radio Ownership Limits
National Association of Black Owned Broadcasters (NABOB)
National Association of Black Owned Broadcasters (NABOB)
The National Association of Black Owned Broadcasters (NABOB) has filed reply comments with the Federal Communications Commission (FCC) strongly opposing any repeal or relaxation of the agency's Local Radio Ownership Rule, including its "subcaps" provision that limits the number of AM More

FCC Warns Property Owner Over Illegal Pirate Radio Station
Federal Communications Commission (FCC)
Federal Communications Commission (FCC)
The FCC has issued a formal warning to Devaney Realty Holdings, the owner of a Worcester property where agents say an unlicensed FM radio station has been operating illegally. According to a "Notice of Illegal Pirate Radio Broadcasting" sent by the FCC's Enforcement Bureau, radio signals were detected on More

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SiriusXM Reports First Quarter 2025 Revenue Falls 4%
SiriusXM
SiriusXM
SiriusXM today reported first quarter 2025 earnings, posting revenue of $2.07 billion, a 4% decline compared to the same quarter last year. Net income totaled $204 million, down from $241 million in Q1 2024, while adjusted EBITDA came in at $629 million, a 3% year-over-year decrease. More

Study: Women Spend Nearly 3 Hours Daily Listening to Music
Edison Research
Edison Research
Women in the U.S. age 18 and older spend just under three hours per day listening to music, using it as a tool for emotional well-being, family bonding, and daily enjoyment, according to the new Women's Audio Report: Women & Music released by Edison Research and SiriusXM Media. Presented by Megan More

BIA: Tariffs Put Squeeze on Local Ad Revenues
BIA Advisory Services
BIA Advisory Services
BIA Advisory Services is warning that the ripple effects of new U.S. tariffs are beginning to pressure local advertising markets, with small and mid-sized businesses in key industries already reevaluating their marketing strategies. In two new blog posts -- "When Trade Wars Hit Home: Tariffs and Local Ad More

NAB Urges FCC to Eliminate Outdated Broadcast Rules
National Association of Broadcasters (NAB)
National Association of Broadcasters (NAB)
In its latest filing to the Federal Communications Commission (FCC), the National Association of Broadcasters (NAB) called on the agency to move forward with significant deregulation of the broadcast industry by eliminating obsolete rules that hinder investment, innovation, and competitiveness. In its More

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Renew Group Sells All Cumulus Shares Ahead of Nasdaq Exit
Renew Group Private Ltd.
Renew Group Private Ltd.
Renew Group Private Ltd., the Singapore-based firm led by Manoj Bhargava, has fully divested its holdings in Cumulus Media, just days before company's voluntary delisting from the Nasdaq Global Market and transition to the OTCQB exchange. According to a newly filed SEC Schedule More

Organizations Urge FCC to Modernize Ownership Rules
Federal Communications Commission (FCC)
Federal Communications Commission (FCC)
Four major organizations representing minority and local community interests have sent a letter to the Federal Communications Commission (FCC) urging swift action to modernize the nation's broadcast ownership regulations. The letter, signed by leaders from the National Hispanic Foundation for the Arts, More

Radio Ads Boost Consumer Engagement With Social Media
Critical Mass Insights (CMI)
Critical Mass Insights (CMI)
Critical Mass Insights (CMI) released new findings Monday showing that radio advertising significantly increases consumer engagement with brands across social media and in-store environments. According to the study, 55 percent of radio listeners are more likely to More

FCC Proposes Rules to Clarify Foreign Ownership Regulations
Federal Communications Commission (FCC)
Federal Communications Commission (FCC)
The Federal Communications Commission (FCC) today proposed new rules to codify foreign ownership requirements and streamline its review processes for broadcast and common carrier licensees. The move is aimed at providing greater clarity for companies navigating increasingly complex ownership structures and More

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Westwood One Touts NFL Audio's Big Impact for Brands
Cumulus Media and Westwood One
Cumulus Media and Westwood One
As the 2025 NFL Draft wraps up, marketers and media buyers are setting their sights on the new NFL season, which kicks off September 4. This week's Westwood One | Cumulus Media Audio Active Group blog outlines key reasons for why advertisers should include NFL audio in their media plans. Westwood One's More

Cumulus Media to Move Stock Listing from NASDAQ to OTCQB
Cumulus Media
Cumulus Media
Cumulus Media Inc. announced it will voluntarily move its Class A common stock from trading on the NASDAQ Global Market to the OTCQB market, effective at the open of business on May 2, 2025. The company will continue trading under its existing ticker symbol, CMLS. The decision follows a notification from More

U.S. Internet Advertising Revenue Soars in 2024
IAB
IAB
The digital advertising industry in the U.S. achieved a significant milestone in 2024, as total internet advertising revenues surged to a record-breaking $258.6 billion, according to a new report from IAB. This marks a substantial 14.9% increase from the previous year, driven by More

Jacobs Media Reveals Techsurvey 2025 Results
Techsurvey 2025
Techsurvey 2025
Data released Tuesday during a webinar for Jacobs Media Techsurvey 2025 highlights a significant shift in radio consumption patterns over the last decade, with fewer listeners tuning into AM/FM radio via traditional methods and more opting for digital platforms. The survey indicates More

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