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Radio Business News

Study Finds Consumers Feel Ignored By Advertisers

iHeartMedia and Pushkin Industries

iHeartMedia, in collaboration with Malcolm Gladwell's Pushkin Industries, has released its second annual study, "The New American Consumer 2.0," shedding light on a growing disconnect between American consumers and the marketers trying to reach them. The study found that nearly More

Podtrac Issues Top Podcasts and Networks for August 2024

Podtrac

The Top U.S. and Global Publishers & Networks and Top U.S. Podcast rankings for August are now available from Podtrac. Highlights of the July, 2024 rankings include: U.S. UMA was up for thirteen of the U.S. ranking participants in August over July, while eleven of the U.S. ranking participants were up on More

Report: Advertisers Care About Ad-Supported Audio

Cumulus Media and Westwood One

For the last ten years, Edison Research's quarterly "Share of Ear" study has been the authoritative examination of time spent with audio in America. Edison surveys 4,000 Americans annually to measure daily reach and time spent with all forms of audio. The Cumulus Media | Westwood One Audio Active Group More

Ham Broadcasting Buys Sound Broadcasters Madisonville

Ham Broadcasting owner Beth Mann

Ham Broadcasting Company has acquired five stations from Sound Broadcasters in Madisonville, KY -- some of which put a signal into Evansville, IN. The FCC granted the license transfer August 29. Included in the deal are WKTG-FM (Power Rock 93.9), Classic Country WFMW-AM (730) and three translators W235AC-FM More

Beasley Broadcast Group Launches Exchange Offer

Beasley Broadcast Group

Beasley Broadcast Group has launched an exchange offer through its subsidiary, Beasley Mezzanine Holdings, aimed at restructuring its outstanding debt. The company is offering holders of its 8.625% Senior Secured Notes due 2026 the option to exchange them for newly issued 9.200% More

FCC Adopts New Asymmetric Sideband Rules for HD Radio

Federal Communications Commission (FCC)

The FCC has adopted new rules with an Report and Order to allow FM broadcasters transmitting in digital format (HD Radio) to use asymmetric sidebands without needing experimental authorization. This move is aimed at giving FM stations more flexibility in their digital operations, enhancing digital coverage More

Sports PBP Listeners Are More Engaged Than TV Audience

Cumulus Media and Westwood One

According to a new season-long Nielsen analysis of Portable People Meter (PPM) tuning for the 2023-2024 season, a total of 64 million people listen to the NFL on Westwood One. The study found the sports listener is more passionate, giving audio commercials greater impact. This week's Cumulus Media | Westwood More

SBS Q2 Net Revenues Up 9% to $38.5 Million, Loss Narrows

Spanish Broadcasting System reported a 9% increase in net revenue from continuing operations, totaling $38.5 million compared to $35.4 million in 2023. Operating income from continuing operations surged 66% to $9 million, up from $5.4 million. Total operating expenses from continuing More

Beasley Announces Approval of Reverse Stock Split

Beasley Media Group

Beasley Broadcast Group has announced that its majority stockholders have approved an amendment to the company's Amended and Restated Certificate of Incorporation. This amendment will authorize a Reverse Stock Split of the company's outstanding Common Stock, with a potential ratio More

Liberty Shareholders Approve Split-Off of SiriusXM Group

Liberty Media

Liberty Media's shareholders have approved the previously announced redemptive split-off of Liberty SiriusXM Holdings (New Sirius) at a virtual special meeting held on August 23. This decision will lead to the creation of a new public company that will continue operating under the SiriusXM name and brand. More

RAB, BMI and MIW Complete 16th Annual Leadership Program

Radio Advertising Bureau (RAB)

RAB, in conjunction with BMI, Mentoring and Inspiring Women in Radio (MIW) and Xperi, has announced the completion of the 16th annual Rising Through the Ranks program. The program began with a virtual session on Tuesday, August 13, and continued with in-person sessions on August 20-22 at the BMI Nashville More

MediaCo Faces Delisting Action from Nasdaq

MediaCo

MediaCo is facing potential delisting from the Nasdaq stock exchange due to its failure to submit its second-quarter 2024 financials to the SEC, violating Nasdaq regulations. The company, which owns WBLS-FM and WQHT-FM (Hot 97) in New York, disclosed the delay in an SEC filing on August 14. In the More

Report: Audio Is Sales Engine of Home Improvement

Cumulus Media | Westwood One Audio Active Group

This week's Cumulus Media | Westwood One Audio Active Group blog outlines multiple consumers studies that reveal audio listeners are the engine of home improvement sales as well as media strategies that can optimize impact. Among the findings, big audio users are massive home improvement shoppers as Podcast More

Radio Drives Political Engagement, Election News

The White House

Audacy's Election Tracker found that a significant majority of AM/FM listeners -- 70% of weekly radio listeners and an impressive 80% of weekly radio streamers -- are actively tuning into election news on the radio. It's more than just staying informed; these listeners are inspired to make their voices heard More

Triton Digital Releases July 2024 U.S. Podcast Ranker

Triton Digital

Triton Digital releases its July, 2024 (July 1-28), U.S. Podcast Ranker. iHeart Audience Network earned the #1 spot again on the Top Sales Networks Report for July, with 66.4 million Average Weekly Downloads and 18.4 million Average Weekly Users. SiriusXM Podcast Network came in More

Bankruptcy Judge Okays Extended Forbearance for Audacy

Audacy

U.S. Bankruptcy Judge Christopher Lopez has approved an emergency motion that allows Audacy to extend its pause on certain financial obligations beyond the original deadline. This extension became necessary due to delays by the FCC approving the company's post-bankruptcy restructuring plan. Audacy's Chapter More

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