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October 2025

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Radio Business News

Usher Media to Acquire Six NRG Stations in Central NE

NRG Media

A new ownership chapter is on the horizon for several Central Nebraska radio stations, as NRG Media has signed an agreement to sell six of its properties to Usher Media LLC. An application for FCC approval has been filed for the transfer of KGFW-AM, KQKY-FM, KRNY-FM, and K241CN-FX in More

Connoisseur Sells MN & SD Stations to Christensen

Connoisseur Media

Connoisseur Media has reached an agreement to sell its stations in Luverne, MN and Madison, SD to two entities under Christensen Broadcasting. Christensen Broadcasting LUV LLC will acquire KLQL-FM and KQAD-AM in Luverne, while Christensen Broadcast Group, Inc. will take ownership of KJAM-FM and KJAM-AM in More

MediaCo Reports Strong Q3 Revenue Gains

MediaCo

MediaCo Holding Inc., owner of WQHT (Hot 97) and WBLS/New York, posted higher revenues and a return to positive adjusted EBITDA in the third quarter of 2025, driven by gains from the April 2024 Estrella acquisition and continued growth across its audio, video, and digital businesses. More

MediaCo Delays Q3 Filing, Projects Higher Revs

MediaCo

MediaCo Holding Inc., owner of Estrella Media and WBLS and WQHT (Hot 97) in New York, has notified the Securities & Exchange Commission that it will be late in filing its third quarter earnings report - even as the company previews strong revenue growth paired with a sharply higher More

Connoisseur to Sell Bakersfield Stations to Frequency

Connoisseur Media

Connoisseur Media has reached an agreement to sell its Bakersfield, CA cluster to Frequency Broadcasting, a locally owned company operated by Kaitlyn and Danny Hill. Under the deal, Frequency will acquire KLLY-FM, KKBB-FM, and KNZR-AM & FM. The transaction is subject to FCC approval and is expected to close More

Urban One Opens Exchange, Tender and Consent Process

Urban One

Urban One has launched a debt restructuring initiative, opening an exchange offer, tender offer and consent solicitation for its outstanding 7.375% Senior Secured Notes due 2028. The company is offering eligible holders the option to exchange any or all of their existing 2028 More

iHeartMedia Q3 Revs Slip 1%, Digital Audio Up 14%

iHeartMedia

iHeartMedia reported third quarter 2025 revenue of $997 million, down 1.1% from the prior year. Excluding political advertising from the 2024 election cycle, revenue increased 2.8%. The company posted a GAAP operating loss of $116 million compared to operating income of $77 million a year ago, including $209 More

Beasley Q3 Revs Fall 12%, Digital Now 25% of Total Sales

Beasley Media Group

Beasley Broadcast Group reported third quarter 2025 net revenue of $51 million, down 12.4% from $58.2 million in the same period last year, reflecting continued softness in agency advertising offset by gains in digital and local direct sales. The company posted an operating loss More

Salem Media Group Reports $2.3 Million Q3 Loss

Salem Media Group

Salem Media Group reported a net loss of $2.3 million for the third quarter ended September 30, as the company continued restructuring efforts and completed several major asset sales. The result compares to a $6.6 million loss in the same quarter a year ago. For the first nine months More

Townsquare Q3 Revenue Falls 7%, Digital Rises

Townsquare Media

Townsquare Media reported third quarter 2025 results showing total net revenue down 7.4% year-over-year to $106.8 million, reflecting declines in both digital and broadcast advertising. Excluding political advertising, net revenue fell 4.5%. The company posted a net loss of $5.5 million, compared More

Saga Posts Q3 Loss on Music Licensing Settlement

Saga Communications

Saga Communications reported a third-quarter net loss of $532,000, reversing a profit of $1.3 million in the same period last year, largely due to a retroactive music licensing settlement with ASCAP and BMI. Net revenue slipped 1.8% to $28.2 million, compared to $28.7 million a year More

Urban One Posts Narrower Quarterly Loss, Revs Fall 16%

Urban One

Urban One reported a smaller net loss for the third quarter of 2025 as the company continued to absorb the impact of a challenging advertising market and recent impairment charges tied to its radio broadcasting assets. For the quarter ended September 30, the company posted a net loss More

Entravision Q3 Revs Up 24% on Surging Ad Tech Growth

Entravision Communications

Entravision Communications reported a 24% year-over-year increase in consolidated net revenue for the third quarter of 2025, driven by strong performance in its Advertising Technology & Services (ATS) segment, which more than doubled revenue compared to the prior year. The company's ATS segment posted a More

Mix Maine Media Acquires Bangor Rocker WKIT-FM

Mix Maine Media

Mix Maine Media, led by owner and president Jay Hanson, has announced the purchase of Bangor's Rock WKIT (100.3) from Rock Lobster Radio LLC. The company will begin operating WKIT on November 1 under a Local Marketing Agreement (LMA), with FCC approval expected More

Cumulus Reports $180.3M Q3 Revenue, $20.4M Net Loss

Cumulus Media

Cumulus Media reported third quarter 2025 results that reflected ongoing softness in the advertising market but continued gains in digital services and cost reduction initiatives. The company posted total net revenue of $180.3 million, down 11.5% from $203.6 million in Q3 2024. Net loss widened to $20.4 More

SiriusXM Lifts 2025 Outlook After Strong Q3 Performance

SiriusXM

SiriusXM reported third-quarter 2025 revenue of $2.16 billion, down 1% from a year ago, but returned to profitability with net income of $297 million, compared to a $2.96 billion loss in the same quarter of 2024. The prior-year loss included a $3.36 billion noncash goodwill More

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