Industry News

iHeartMedia Posts Q1 Revenue Increase of 9.6%

iHeartMedia bucks the recent trend and posts a net income increase of 9.6% on $884 million during the first quarter of 2026. For the quarter it reports operating income of $1.5 million, compared to the operating loss it took in Q1 of 2025. The company posted a net loss of $95.6 million, down from the net loss of $280.8 million in posted a year ago. That’s the good news. Unfortunately for some staffers another round of cuts is coming as the company seeks to make its radio station operations profitable. President and COO Rich Bressler states, “In the first quarter, the Digital imgAudio Group continued its strong momentum, with revenues up 18% year over year, slightly ahead of our guidance, while our Podcasting revenues grew 26.9% compared to prior year, above our guidance. We are announcing a new savings initiative that will generate an additional $50 million of annualized savings, in addition to our previously announced $100 million of in-year 2026 savings, as well as now paying minimal cash taxes in 2026, which we expect will have a $150 to $200 million impact over the next 3 years. And today we are reaffirming our Full Year Adjusted EBITDA guide of $800 million and our Free Cash Flow guide of $200 million.” The company is also expecting the increase in programmatic revenue to be some $200 million (+50%) during 2026.

Industry News

State Broadcasters Associations Approve Resolution Asking Congress to Preserve Live Sports on Broadcast TV

The 50 state broadcasters associations adopted a resolution asking congress to re-examine the Sports Broadcasting Act of 1961 in order to “preserve broad fan access to sports programming as more games move behind streaming paywalls.” The National Association of Broadcasters applauds the move saying, “When the law was enacted, policymakers imgcould not have anticipated today’s streaming options. This resolution reflects growing concern that sports programming is increasingly fragmented across exclusive digital platforms, forcing fans to purchase multiple subscriptions, maintain reliable broadband access and navigate a maze of services just to follow their favorite teams. It calls on congress to assess whether these evolving distribution practices are covered under the law, serve the public interest and preserve broad fan access to sports programming.” NAB president and CEO Curtis LeGeyt says, “We commend the state broadcasters associations for their leadership and engagement on this important issue. Local television remains the only universally available video platform in America, delivering live sports, trusted local news, emergency information and essential public service to every community. Policymakers should put fans first and ensure that the future of sports distribution preserves broad access through free, local broadcast television.”

Industry News

Horizon Broadcasting Launches Spokane News/Talker

Horizon Broadcasting is firing up a new news/talk station in the Spokane-Coeur d’ Alene market on KBNW at 107.1 FM and KSBN at 1230 AM. The company says that 107.1 FM | 1230 AM News Radio KBNW is being led by Keith Shipman, who has served as president & CEO of the Washington State Association of Broadcasters for the past decade and Roger Nelson, a Spokane broadcaster who’s served with the KXLY Broadcast Group and Phase 3 Digital. Shipman says, “Local imgbroadcasting is at its best when it informs, connects and serves the community. Our goal is to provide timely, relevant information that keeps the Spokane-Coeur d’Alene metropolitan area well informed, whether it’s breaking news, traffic slowdowns, severe weather or the stories shaping our region each day.” Nelson adds, “After more than 25 years in Spokane broadcasting, I’ve seen how important live and local news is when people need it most. News Radio KBNW is built to be present at the start and end of every weekday, delivering reliable information people can depend on, along with engaging and entertaining talk programs the rest of the broadcast day.”  The two say the news staff will consist of Steve Wilke, Joe Paisley, Erich Ebel and Scott Carlon.  Talk programs will include: Dave Ramsey, Mike Gallagaher, Lars Larson, and Armstrong & Getty.

Industry Views

SABO SEZ: Jay Clark, A Real Program Director

By Walter Sabo
A.K.A Walter Sterling
Host, The Other Side of Midnight
WABC, New York / Red Apple Audio Networks

imgJay Clark was the first program director of WABC as a talk station. He set the tone and path for modern talk radio. This week I had Jay on as a special guest on the Red Apple Audio Networks all night show, “The Other Side of Midnight.” We celebrated the anniversary, May 10, (1982) of WABC’s switch from music to talk on the giant signal at 770 AM.

There could not have been a better owner at launch: ABC Inc. Facts about ABC Inc (that’s it, it was just ABC Ink):

  • ABC Inc. had launched KABC, Los Angeles and KGO, San Francisco in the mid 1960s. By 1982, when WABC switched to talk, those two stations were golden businesses. KABC was the highest grossing station in any imgformat in America. KGO was the killer biller in San Francisco. The execs who ran them were mighty proud: Ben Hoberman, Ed McLaughlin, Al Racco, Chuck Debere. Yes, they ran those stations, but they also invented the caller-driven talk format. There were other winning talk stations, but they were guest centric rather than listener centric (i.e. WOR, WGN). At the time, there were 43 stations listed as “talk” stations. 43. Not many models.
  • Clark explained that KABC and KGO took 10 years to turn a profit. The business assumption was that WABC would also take 10 years to achieve that goal. Audience research, which came back after the switch, showed it would take 10 years to win a viable audience. 10 years was fine with ABC management. That’s what it would take. It took 11.
  • WABC launched primarily as live and local. Upper radio management was passionate about the talk format, they freakin’ loved everything about it. They understood its prestige. It was and is a sales format. Management nurtured talk radio and evolved it. They were committed to talk and understood the key fact for growth: YOU CAN’T SAVE YOUR WAY TO SUCCESS. At the time management’s love was essential to success because New York’s feelings for WABC as a rocker ran deep, and not many citizens or clients were in a hurry to witness its end. They were, however, in a hurry to tune to the FM band.

When walking the halls of WABC during the first talk year, one could feel the excitement and the pride. Those feelings permeated the airwaves and propelled success. One can’t find feelings on a spreadsheet, one can’t find success on a spread sheet either.

The return of feelings

When John Catsimitidis bought WABC, pride and passion returned to the halls and to the air. John and bride Margo love the station, the staff, the format, and the potential. “Cats” and station president Chad Lopez have a simple goal: “We want it to be number one.” You would be shocked at how many managers I’ve met who will never be number one – of any format – because they don’t want to be. They actually say they don’t want to be number one… or can’t.

As of today, as it was at launch, WABC’s owner is proud and passionate and will be number one. PD Kevin Droesch is very much in the Jay Clark school of understanding talent and winning.

Sure, sure you could be a cynic and assume I’m writing this because I work for Red Apple Media. But I don’t assume that you’ve met me.

Walter Sabo has been a C-Suite action partner for companies such as SiriusXM, Hearst, Press Broadcasting, Gannett, RKO General, and many other leading media outlets. His company, HITVIEWS, in 2007, was the first to identify and monetize video influencers. His nightly show “The Other Side of Midnight” is heard on WABC, New York and the Red Apple Audio Network 1:00 am – 5:00 am. His syndicated show, “Sterling On Sunday,” from Talk Media Network, airs 10:00 pm-1:00 am ET, and is now in its 10th year of success. He can be reached by email at sabowalter@gmail.com.  He can be phoned at 646-678-1110.

Industry News

WURD, Philadelphia to Host Democratic Primary Forum and Live Election Night Special

WURD, Philadelphia is hosting a live candidate forum featuring three leading Democratic candidates in Pennsylvania’s Third Congressional imgDistrict race today (5/12) from 5:00 pm to 6:00 pm. The forum featuring candidates State Rep. Chris Rabb, Dr. Ala Stanford and State Sen. Sharif Street is being moderated by WURD Radio hosts Dr. James Peterson, Joann Bell and Solomon Jones.  on Tuesday, May 12, from 5–6 p.m. during a special edition of Evening WURDs. The station will also host a live remote Election Night Special on Tuesday, May 19, from 5:00 pm to 8:00 pm from Honeysuckle on Broad St.

Industry News

Cumulus’ “The Ticket” Expands 2026 The World Soccer Coverage

Cumulus Media’s KTCK-AM/FM, “Sportsradio 96.7 and 1310 The Ticket” is expanding its soccer program, “The KickAround,” into a nightly destination for fans during the 2026 World Soccer action as coverage will run from June 11 to July 19. Longtime contributor and European soccer imgjournalist Lars Sivertsen will join ‘The KickAround’ in studio for the duration of the World Soccer coverage alongside the show’s long-standing hosts, Andy Swift and Peter Welpton. KTCK program director Jeff Catlin states, “This is our fourth year to cover World Soccer with expanded programming on ‘The KickAround.’ Interest this year is at an all-time high with key tournament games being played in Dallas-Fort Worth. ‘The KickAround’ will be a destination for Ticket listeners and both soccer fans and casuals.”

Industry News

The Black Effect Podcast Network Debuts “Front Page”

iHeartMedia and Charlamagne Tha God’s Black Effect Podcast Network are launching “Front Page” – a new daily Black Effect original poimgdcast and an extension of The Breakfast Club’s popular “Front Page News” radio segment. Black Effect says host Mimi Brown expands her on-air coverage of the most-talked-about news stories each weekday into easily digestible 10-to-12-minute episodes that will give listeners more of the headline-making details they crave.