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Radio Business News

Christian FM Media Group Names Jayme Summers as OD/PD

Jayme Summers

Christian FM Media Group appoints Jayme Summers as the new Program Director and Operations Director for its "Today's Christian Music" network, currently airing across 167 stations. Summers transitions to her new role following Christian FM Media Group's acquisition of the "Today's Christian Music" and More

Urban One Announces Accounting Firm Transition

Urban One

Urban One, Inc has officially announced a shift in its financial oversight structure, parting ways with Ernst & Young LLP (EY) and appointing PricewaterhouseCoopers LLC (PwC) as its new independent registered public accounting firm. This change, approved by the audit committee of the More

Report Urges Brands to Invest in Black-Owned Audio

National Association of Black Owned Broadcasters (NABOB)

A new report released by the National Association of Black Owned Broadcasters (NABOB), in collaboration with Nielsen, underscores the significant influence and unique engagement of Black consumers with audio media. The report, entitled "Reaching the Culture: Investing with Audio to More

Entravision Announces Executive Compensation Revisions

Entravision Communications Corporation (EVC)

Entravision Communications Corporation (EVC) has revealed substantial changes to its executive compensation strategy, placing a stronger emphasis on equity-based incentives. This strategic pivot comes alongside a flurry of stock transactions by key executives, signaling a notable shift in the company's More

2025 Local Radio Ad Revenue Projected to Reach $12.3B

RAB and BIA

The projected local radio ad revenue for 2025 is estimated to reach $12.3 billion, a stable comparison to the previous year. This projection covers both over-the-air and digital platforms, as outlined in the latest report by BIA Advisory Services. This analysis is part of a collaborative effort by the More

Woodward Communications Expands Springfield Footprint

Woodward Communications

Woodward Communications Inc. (WCI), has announced its acquisition of four stations -- WNNS-FM, WQLZ-FM, WMAY-FM, and WMAY-AM -- from Mid-West Family. This marks WCI's continued expansion in the Springfield, IL, market following the acquisition of four other local More

Urban One Reports Q4 Decline Amidst Broad Challenges

Urban One

Urban One has revealed a fourth quarter decline in net revenues and a transition into operating losses compared to the previous year. The company experienced a net revenue of approximately $117.1 million, marking a decrease of 2.7% from $120.3 million in the same period in 2023. The More

FCC Revokes Texas Station License Due to Unpaid Fees

Federal Communications Commission (FCC)

The Federal Communications Commission (FCC) has revoked the broadcast license of Unidos Para Cristo, Inc., the licensee of KIJN-AM in Farwell, TX, due to the station's failure to pay over a decade's worth of regulatory fees. The FCC's Media Bureau, along with the Office of Managing Director, issued a More

Auddia Inc. Announces 1-for-17 Reverse Stock Split

Auddia

Auddia Inc. has announced a significant corporate restructuring through a 1-for-17 reverse stock split of its common stock, effective before market open on Monday, March 31. This move follows the approval from the company's stockholders on December 30, 2024, to amend the Certificate More

Gate City Withdraws Nominees from Saga's Board

Saga Communications

Gate City Capital Management (Gate City), in a surprising move, has officially withdrawn its nominees for election to the board of Saga Communications. The withdrawal was formalized in a letter dated March 26, 2025, addressed to Saga's corporate secretary, indicating a significant More

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

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