Industry News

TALKERS News Notes

Industry News

Bill O’ Reilly Independently Flourishing in Digital Era

Industry News

TALKERS News Notes

Industry News

Westwood One’s Rich Valdés is This Week’s Guest on Harrison Podcast

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Rich Valdés is this week’s guest on the award-winning PodcastOne series, “The Michael Harrison Interview.” He is a seasoned communications professional with extensive experience in multiple media formats including radio, podcasting, television, and print journalism as well as a demonstrated passion for policy, education, and community volunteerism. He is the host of Westwood One’s “America at Night” airing weeknights from 10:00 pm to 1:00 am ET. An eclectic generalist, he talks with guests and callers about a spectrum of topics ranging from current events and politics to entertainment and pop culture. Valdés was named permanent host of the show in October of 2022 filling the big shoes of the late Jim Bohannon, who passed away shortly thereafter following a brave battle against esophageal cancer. He’s a proud American of Puerto Rican heritage – a Gen-X’er who was born in Brooklyn and grew up in New Jersey. He’s known as “your liberty-loving Latino amigo” as well the “voice of Hispanic conservatives.” Harrison and Valdés discuss the important role Puerto Ricans play in U.S. politics as well as a number of other contemporary topics. Listen to the podcast here.  

Industry News

Audacy’s WCCO, Minneapolis Celebrates 100th Anniversary

Industry News

Bloomberg Radio Expands in Boston on Beasley Media Group’s 92.9 FM

Bloomberg Logo 92.9 FM BostonBeginning on September 3 at 12:00 noon ET, Bloomberg Radio, will begin broadcasting its 24-hour all business news format on Beasley Media Group’s 92.9/WBOS-FM HD1.  The station’s current classic rock format will move to 92.9 WBOS-FM HD2, 106.1 FM, WRCA 1330 AM and the ROCK 92.9 App and stream.  “This expansion of our partnership with Beasley Media Group will allow us to exponentially expand Bloomberg Radio’s reach in Boston,” says Anthony Mancini, head of Bloomberg Audio. “Moving to a full market FM frequency will give us the bandwidth we need to have an increased presence in the region, and the capacity to bring even more listeners Bloomberg’s in-depth coverage of the financial markets and beyond.”  Beasley Media Regional VP/Northeast, Mary Menna tells TALKERS, “We’re excited to expand our great partnership with a global news and business leader of Bloomberg’s magnitude. This unique programming underscores the company’s commitment to providing our listeners with the very best content and compliments our other Boston brands: 98.5 The Sports Hub, HOT 96.9, WROR 105.7 and Country 102.5.

Industry News

Starnes Offers Free National Election Night Coverage

Todd StarnesStarnes Media Group will broadcast a six-hour election night special hosted by nationally syndicated talk star and radio station owner Todd Starnes. “Election Night Across America With Todd Starnes” will include co-anchors Ben Deeter of Starnes’ KWAM, Memphis along with Mary Walter and Robyn Pfaffman. The show will feature top newsmakers, candidates, live reports from presidential campaign headquarters and calls from listeners. The one-time special is available free of charge to radio stations across the nation. Starnes is a well-respected conservative voice and a member of the TALKERS Heavy Hundred. For information on broadcasting the show, contact todd@starnesmediagroup.com.

Industry News

TALKERS News Notes

CumulusWestwood One Cumulus Media’s Westwood One Presents National Audio Coverage of the 2024 College Football Season. Westwood One will present national audio coverage of the 2024 college football season. Highlighting Westwood One’s schedule of 16 regular season games will be matchups with top-20 teams including the University of Georgia, Ohio State University, the University of Texas, the University of Oregon, the University of Mississippi (Ole Miss), the University of Alabama, the University of Missouri, the University of Tennessee, Clemson University, and defending national champion, the University of Michigan as well as the Black College Football Hall of Fame Classic between Virginia State University and Benedict College. Postseason games will include the SEC Championship Game, the annual Army vs. Navy Game, and the FCS Championship. In his first year with Westwood One, Nate Gatter will serve as play-by-play announcer. He will be joined by former University of Minnesota tight end and eight-year NFL veteran Derek Rackley, in his 11th season with Westwood One.

 

Dom GiordanoEric Trump Tells WPHT, Philadelphia Host Dom Giordano the DNC is “Dark.”  With Pennsylvania being such an important swing state in the presidential race, WPHT, Philadelphia 12:00 noon – 3:00 pm host Dom Giordano’s program has been a major destination for prominent Republicans on the campaign trail.  On Monday (8/19), Giordano (“the dean of Philadelphia talk radio”) hosted GOP VP nominee J.D. Vance and yesterday (8/20), he was visited by Eric Trump.  Trump, whose wife Lara Trump is co-chair of the Republican National Committee, told Giordano, “Compared to the positivity of the RNC, the DNC was all so dark, depressing and unbearable [for Lara and I] to watch.”

 

Sports Betting Network, VSiN Adapts Management Structure to Support Rapid Expansion.   VSiN, The Sports Betting Network, has announced updates to its leadership, including the promotion of Miles Gwyn to COO. In this new role, Gwyn will manage the network’s day-to-day operations, overseeing content production, distribution and advertising partnerships, technology, compliance, and infrastructure.Stephanie Kamerschak As part of this new management structure, Brian Musburger takes the role of president/chief business officer and Bill Adee becomes CEO.  In addition, VSiN has promoted Stephanie Kamerschak to executive producer, responsible for overseeing talent schedules, managing producers and associate producers, and arranging promotional content across platforms. Most recently, Kamerschak was coordinating producer at VSiN and previously held senior producer roles at DraftKings and ESPN.

Industry News

Audacy: Radio Listeners Seek Election News

Audacy announces that its Election Tracker finds that a significant majority of AM/FM listeners – 70% ofim weekly radio listeners and 80% of weekly radio streamers – are actively tuning into election news on the radio. Audacy says, “It’s more than just staying informed; these listeners are inspired to make their voices heard at the polls. Local radio is essential for these audiences, with 74% saying it helps them grasp how election results impact their communities. For many, radio is the pulse of the nation’s agenda. Nearly half (46%) of listeners have been following election news closely for over three months.” Read more here.

Industry News

WWO: Radio and Podcast Listeners Are Home Improvement Consumers

The most recent blog post from the Cumulus Media | Westwood One Audio Active Group reveals data from research indicating that heavy AM/FM listeners and heavy podcast listeners “spend significantly more on home improvement than heavy TV viewers.” Other takeaways from the research include: 1) Audio is an idealim media platform to tout home improvement e-commerce as heavy AM/FM radio and podcast listeners are more likely to shop online; 2) AM/FM radio generates significant incremental reach for home improvement TV campaigns: Recent TV campaigns for The Home Depot saw significant lift in reach with the addition of AM/FM radio, especially among younger demos; 3) AM/FM radio generates three times the sales lift of TV in a historic Nielsen TV and AM/FM radio sales effect study for a home improvement retailer; and 4) Home improvement media plans are overweight on linear TV and underweight on audio: The optimized plan should consist of 45% AM/FM radio, 30% linear TV, and 24% podcasts. See the blog post here.

Industry News

Lotus Launches Sports Talker in Sacramento

Lotus Communications will debut “FOX Sports 104.7 FM and 890 AM” on KSAC-AM/K284CM, Sacramentoim on Monday, September 2. The new sports talker will feature the FOX Sports Radio lineup in addition to the Sacramento-based program, “The Rob, Anybody, and Dawn Show,” (Rob Williams and Dawn Rossi) in morning drive.  Station general manager Kurt Bagelmann says, “Lotus is ecstatic to deliver a game-changing experience to Northern California listeners by combining the market’s most iconic morning show, ‘Rob, Anybody & Dawn,’ with the powerhouse lineup of FOX Sports Radio. This dynamic one-two punch, now available for the first time on both AM and FM, is poised to redefine the sports radio landscape in Sacramento.”

Industry News

Jim Farley Passes Away

Radio news legend Jim Farley has died as the result of a heart attack suffered while undergoing surgery toim treat an aneurysm, according to his family. Farley began his career in New York at 1010 WINS and would hold numerous positions in New York and network news over the years, including as managing editor at ABC Radio Networks. He is best remembered for serving as vice president of news & programming at all-news WTOP-FM, Washington from 1996 through his retirement in 2013. He worked as a news consultant after leaving WTOP and lived in Florida with his wife Jo.

Industry News

Casey Bartholomew and WBAP, Dallas Ink Renewal

Cumulus Media’s news/talk WBAP-AM/FM, Dallas and talk host Casey Bartholomew agree to a newim contract. Bartholomew tells TALKERS, “After two successful years where my show increased the numbers of the previous, political show by as much as 350%, I have re-signed with News Talk 820 and 93.3 WBAP in Dallas, TX. So, I’ll be holding down the 9a-11a slot for at least another 2 years.”

Industry News

TALKERS Editor Reports from the Rock and Roll Hall of Fame

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TALKERS vice president and executive editor Kevin Casey recently made a trip to the Rock and Roll Hall of Fame in Cleveland. He says that in addition to the expected music memorabilia – guitars, clothing, and ephemera – there was an exhibit that told the story of radio’s crucial role in the rock and roll explosion of the 1950s and early 1960s. Another exhibit revealed the backlash against rock music from religious and conservative factions in the U.S. Casey is pictured above by an image of his musical hero Frank Zappa testifying before a congressional committee that was exploring mandatory labeling of records with “dirty” words. Casey muses, “It’s interesting to note that ‘culture warriors’ have always existed. Today, people assume they are Republicans, but in 1985 they were ‘bi-partisan’ on the matter of rock lyrics and led by Democratic U.S. Senator Al Gore’s then-wife, Tipper Gore. There was no legislation necessary because, sadly, the record industry caved to the pressure.”

Industry News

WDAY, Fargo Says Harris Campaign Misused its News Stories

Forum Communications’ news/talk WDAY-AM/FM, Fargo is considering its legal options with regard to its news headlines that were edited and then used by Kamala Harris’ presidential campaign. According to The National Desk, WDAY managing partner Steve Hallstrom says the campaign edited the headline of a WDAYim story that was used in a Google ad to read: “Harris Picks Tim Walz – 215,000 MN Families Win.” WDAY says it wrote no such headline. Hallstrom tells The National Desk, “They lied to everybody who saw that ad, and they misled them into believing that there is a news organization, with a 100-year history in our community of doing good solid journalism, that not only took sides in a political debate, if you will, but also openly performed cheerleading exercises on behalf of that candidate in their news headlines in their story. That’s wrong.” Washington, DC television outlet WJLA-TV writes, “A source familiar with the Harris campaign’s advertisement team told Axios the campaign buys ads with news links to give more context to voters searching for information about Harris.” Hallstrom responds to that saying, “I don’t care what their intent was or what they were hoping to do. All I care about is what happened to us. We have reporters in our newsroom who have been working in this market for decades to build their credibility as an objective and unbiased reporter.” See the full WJLA-TV story here.

Industry News

Talk TV Legend Phil Donahue Dies at 88

Phil Donahue, creator and host of the daytime talk television program that featured his name, died at his home at age 88 after a long illness. The Cleveland native began his television career in Ohio and launched “The Phil Donahue Show” at WLWD-TV in Dayton, Ohio in 1967. The daytime talk show took on serious subjects instead of the lighter fare usually associated with daytime TV. Donahue also did subjects that were considered “low brow,” but his approach gave the audience the opportunity to ask questions as Donahue walked among the studio crowd while anchoring the show. It became a hit, was launched into syndication and moved production to Chicago in 1974, then eventually to New York. It ended in 1996. Donahue married actress Marlo Thomas in the late 1970s.

Industry News

Alan Colmes Among Hall of Fame Legends Inductees

The Museum of Broadcast Communications announces the selection of eight new Legends inductees into the Radio Hall of Fame for 2024, recognizing the talents and efforts of on-air personalities, programmers andim operators who contributed with greatness to the radio industry and have since passed away. The eight radio legends take their place in the Radio Hall of Fame immediately are: Chuck Blore – On-Air Personality; Alan Colmes – On-Air Personality; Charlie Douglas – On-Air Personality; Jim Ladd – On-Air Personality; Maria Martin – Journalist; Byron McGregor – On-Air Personality; Percy Sutton – Executive; and Rusty Walker – Programming Executive and On-Air Personality. The Radio Hall of Fame will recognize its 2024 class of inductees at the 2024 Radio Hall of Fame induction ceremony on September 19, at the Omni Nashville in Nashville.

Industry Views

Monday Memo: Podcasting? Don’t Tweet Like Trump

By Holland Cooke
Consultant

imX – which most people I hear still call “Twitter” – is a great way to attract new ears.

Tips:

— Write a stack of Tweets for each episode, and post at intervals, so you’re not further-down readers’ feeds then they are scrolling.

— Use # and @ to attract those with affinity to your subject and/or guest.

 

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And don’t Tweet like Trump

4 reasons why:

— Relentless negativity gets old quickly. We all know, and seek to avoid, someone whose glass is ALWAYS half-empty. Don’t be him or her.

— Bellicose braggadocio gets old even quicker. And “I,” “I,” “I,” “me,” “me,” “me” emulates an unfortunate talk radio caricature podcasters want to avoid.

— Millennials – heavy podcast consumers — are repelled by acrimony and seek consensus.

— Once it’s out there, you can’t take it back… even if you delete-the-Tweet. The Library of Congress archives all Tweets, and they’re not the only ones. Those who don’t wish you well may have screen-grabbed what you posted… something politicians learn the hard way when their words show up on opponents’ campaign commercials. And we’ve all read radio trade press reports of DJs and talkers who’ve been fired for social media faux pas.

Holland Cooke (HollandCooke.com) is a consultant working the intersection of broadcasting and the Internet. He is the author of “The Local Radio Advantage: Your 4-Week Tune-In Tune-Up” and “Close Like Crazy: Local Direct Leads, Pitches & Specs That Earned the Benjamins” and “Confidential: Negotiation Checklist for Weekend Talk Radio.” Follow HC on Twitter @HollandCooke and connect on LinkedIn

Industry News

WHO, Des Moines Announces “Emery on Iowa” Program

iHeartMedia names Emery Songer host of the 9:00 am to 11:00 am program on Des Moines’ “NewsRadio 1040 WHO.” The station says, “The ‘Emory on Iowa’ show features Emery Songer at the helm covering allim things Iowa from border to border. The show will explore community events around the state, discuss current and political issues and highlight amazing feats in and around Iowa. It will also feature experts in a variety of industries and discuss current exploits by the biggest movers and shakers in the Hawkeye State.” Songer also hosts the afternoon drive show on iHeartMedia’s KFAB, Omaha. Prior to assuming that role he produced the WHO morning drive show. He says, “I’m incredibly grateful to have the opportunity to connect with Iowans all over the state and beyond. I can’t wait to continue the rich heritage of these legendary radio stations and to celebrate the next chapter of WHO and WMT!”

Industry News

Westwood One Extends Its “Bob & Tom Show” Partnership

Westwood OneAs part of a newly-signed pact between the “The Bob & Tom Show” and Cumulus Media’s Westwood One, the award-winning comedic morning drive program will remain on an affiliate base that includes 17 Cumulus Media stations. Westwood One president/Cumulus Media executive vice president of corporate strategy and development Collin R. Jones states, “‘The Bob & Tom Show’ has been making Americans laugh each morning for more than 25 years. It is an impressive achievement when a program can drive audience numbers and advertiser interest for a Bob and Tomstretch this long. We at Westwood One are honored to continue our relationship with this exceptionally talented cast for years to come.” Host Tom Griswold comments, “We are truly pleased to continue working with our long-term partner, Westwood One, and with our incredible Cumulus Media affiliates. We have terrific teams and look forward to entertaining listeners with the funniest morning content available. The radio party rolls on – turn it up.” Inducted into the Radio Hall of Fame, “The Bob & Tom Show” airs weekdays 6:00 am – 10:00 am (ET) on over 100 stations and is available to stations of all formats.

Industry News

NPR Readies Democratic National Convention Plans

NPRNPR and participating member stations will begin coverage of the Democratic National Convention from Chicago next Monday and Tuesday (8/19, 8/20, 9:00 pm – 11:00 pm, ET). Scott Detrow’s recap of the day’s major events will feature insights from NPR correspondents, as well as interviews with newsmakers attending the convention. NPR’s coverage will continue Wednesday and Thursday (8/21, 8/22) beginning at 9:00 pm ET. NPR’s team of reporters in Chicago will include: Liz Baker, Martin Kaste, Sandhya Dirks, Don Gonyea, Tamara Keith, Asma Khalid, Deepa Shivaram, Mara Liasson, Deirdre Walsh, Danielle Kurtzleben, Franco Ordoñez, and Domenico Montanaro. Additional political reporting will be provided by: Sarah McCammon, Ashley Lopez, Elena Moore, Stephen Fowler, Ben Giles, and Ximena Bustillo. Coverage will include live reports from within the convention hall, expert analysis, and interviews with key figures. The “NPR Politics” team will release a podcast episode each night of the convention. NPR will have a reporter stationed outside the arena to capture public reactions and potential protests.

 

Industry News

“Law & Order” To Debut True Crime Podcast Series

Law and OrderA collaboration among iHeartPodcasts, Universal Television, and Wolf Entertainment, unscripted “Law & Order: Criminal Justice System” is scheduled to premiere next Thursday (8/22). It marks the first venture into investigative journalism for the “Law & Order” franchise. iHeartPodcasts president Will Pearson tells TALKERS, “Listener interest in true crime continues to flourish with new stories constantly being sought out across platforms. ‘Law & Order’ is a legendary series. It’s an honor to team up with UTV, Wolf Entertainment, and executive producer Elliot Wolf to develop this original slate of podcasts.” Wolf Entertainment’s EVP/digital Elliot Wolf is co-creator of the upcoming Amazon Prime series “On Call.” He comments, “We’re thrilled to join forces with iHeartPodcasts and UTV to bring the real stories that have shaped our criminal justice system, the bedrock of the ‘Law & Order’ brand, to life. The goal coming in was always to push the boundaries of audio storytelling. This series delivers on that while still being deeply informative and entertaining.” The series will consist of four seasons, each with 12 episodes. The first season will be hosted by former Brooklyn homicide prosecutor Anna-Sigga Nicolazzi and will focus on the American mafia in New York City during the late-1970s.

Industry News

TALKERS News Notes

ABC Audio has won three Edward R. Murrow Awards. In the “Continuing Coverage” category, it wins for “Start Here: Israel-Hamas War,” while “Reclaimed: The Forgotten League” takes honors for “Excellence in Writing.” In addition, “Start Here: On the Brink” is an award winner in the “News Documentary” category.

Job Opportunity

WICC-AM/FM, Bridgeport Has Talk Show Host and News Reporter Openings

WICCConnoisseur Media Connecticut is looking for a talk show host for weekdays on WICC-AM/FM.  This position will work a four-hour live talk program to air Monday through Saturday.  The ideal candidate will be able to book guests, create compelling local content, field listener phone calls, and pivot subject matter as the local news cycle dictates.  The station also has an opening for a morning news reporter for weekdays. This position will work weekdays during the Melissa in the Morning Show.  The ideal candidate will be able to travel to Fairfield County locations and report live, collect and edit audio, post on social media, and deliver produced stories that can run throughout the day.

Please send your resume and three-minute demo to allan.lamberti@connoisseurct.com with “TALK SHOW HOST” or “MORNING NEWS REPORTER” in the subject line.

Industry News

NPR Shows Remain Atop Triton Digital’s July Podcast Ranker

There’s no movement among the top four podcasts in Triton Digital’s July 2024 U.S. Podcast Ranker (based on weekly average downloads for participating shows). They are: 1) NPR’s “NPR News Now”; 2) NPR’s “Upim First”; 3) NBCUniversal News Group’s “Dateline NBC”; and 4) audiochuck’s “Crime Junkie.” Moving up to the #5 rank in July was Cumulus Podcast Network’s “The Dan Bongino Show.” Other moves of note include SiriusXM’s “The Megyn Kelly Show” rising three places to the #10 rank; Salem Podcast Network’s “The Charlie Kirk Show” up four spots to #14; and iHeartAudience Network’s “The Clay Travis & Buck Sexton Show” also up four places to the #19 rank. See the full ranker here.

Industry News

BFoA Teams with VHI for Voice Care Info

The Broadcasters Foundation of America is teaming up with Dr. Steven M. Zeitels from the patient nonprofit Voice Health Institute (VHI) to offer broadcast industry professionals information about laryngeal and voice care. VHI is a 501(C)3 charity, focused on helping individuals with laryngeal voice and airway care across the country. Dr. Zeitels is the professor of Laryngeal Surgery at Harvard Medical School and theim Director of Massachusetts General Hospital Center for Laryngeal Surgery and Voice Rehabilitation (MGH Voice Center). Dr. Zeitels says, “The Broadcasters Foundation has done amazing work over many years. I am impressed with their transparency and their commitment to providing aid to broadcast industry individuals in dire need. I am pleased that VHI will partner with the Foundation to help educate broadcasters throughout the US about voice problems they may be experiencing.” Through the efforts of Dr. Zeitels, Julie Andrews (the iconic actress who lost her singing voice) joined VHI at its incorporation as its Honorary Chairwoman. Dr. Zeitels is her current physician and surgeon. Since then, legendary vocalists Steven Tyler of Aerosmith, Roger Daltrey of The Who, Lionel Richie, and Keith Urban as well as broadcasters such as Joe Buck and Dick Vitale have provided invaluable support to the VHI to forward its mission.

Industry News

Kate Stone Exits Bonneville’s KIRO-FM, Seattle

In a post on X, reporter and anchor Kate Stone announces that she is no longer with Bonneville’s news/talk KIRO-FM, Seattle. She states, “As many of you have probably ascertained, I am no longer at KIRO radio. Iim loved my time there, but circumstances change and it was time to move on. I’m deciding next steps, and took some time away to collect myself and reassess my priorities. I still love telling stories, and want to continue to do so. What form that takes is still to be decided. It may end up that I start giving a more pointed (read: opinionated) take on some news and issues than I was able to before. But I also cherish impartial reporting and fairness. It’s the backbone of what I’ve always done and strive to do. That’s why I have remained silent thus far. But I continue to read and listen to both sides of the issues critical to Washington. I remain committed and engaged, even if I don’t have the same platform to speak through.”

Industry News

Audacy Releases “The Power of Sports” Fandom Study

The study, conducted in partnership with Vision Insights, tells the story of sports fans’ loyalty to content and broadcast brands and that resulting impact that radio delivers for brands and advertisers, especially thoseim that partner with Audacy’s own sports talk stations. Some of the key takeaways from this study include: 1) Sports fans are 4x more likely to trust brands that support their teams; 2) Listeners are 4x more likely to catch a brand’s message on sports radio than on TV; 3) 73% of fans spend more time following their favorite teams on sports audio than sports-related digital media; and 4) Brands that advertise on Audacy sports stations enjoy a 40% lift in usage.  See more about the study here.

Industry News

iHeartMedia Debuts Iowa Sports Radio Network

iHeartMedia Iowa announces the debut of the Iowa Sports Radio Network that will broadcast statewide across five radio stations originating from flagship KXNO-FM, Des Moines. It will also air on KMNS-AM, Siouxim City; KOSY-FM, Cedar Rapids; KXIC-AM, Iowa City; and WFXN-AM, Quad Cities. The company says programming will highlight sports from University of Iowa, Iowa State University, various high schools and other local sports topics. The program lineup is: “The Morning Rush with Travis Justice and Ross Peterson” from 6:00 am to 8:00 am; FOX Sports Radio’s Dan Patrick from 8:00 am to 11:00 am; FSR’s “The Herd with Colin Cowherd” from 11:00 am to 12:00 noon; “Miller and Condon” from 12:00 noon to 2:00 pm; and “The Drive with Heather and Sean” from 2:00 pm to 6:00 pm.

Industry News

Former Albany Talk Host Melody Burns Dies at 65

The Albany Times-Union reports that former WGDJ, Albany talk host Melody Burns died last week at ageim 65 after a battle with cancer. Burns hosted a show on WGDJ from 2012 through 2014. After leaving her radio show, she became director of operations at Veterans Miracle Center, where veterans and military personnel could get new items they need at no cost. Read the Times-Union obituary here.

Industry News

Jimmy Malone Exits WTAM, Cleveland

Cleveland media personality Jimmy Malone has exited his radio show at iHeartMedia’s news/talk WTAM.im Malone – an unapologetic liberal on a station comprised of conservative talk hosts – anchored the 9:00 am to 10:00 am hour. He posted to X, “I’ll have more to say later, but after decades of loyalty to my company, they fired me after my show today and didn’t give me a chance to say goodbye to my listeners. I’m grateful for all of the support I’ve received for so long.” Malone was a longtime cast member on the “Lanigan & Webster Morning Show” on WMJI-FM, Cleveland. His program on WTAM debuted in April of 2022.

Industry News

Audacy Q2 Net Revenue Rises 1%

Audacy reports its operating results for the second quarter of 2024 and reveals net revenue of $301.6 million, an increase of 1% over the same period in 2023. After reporting a net loss of $125.8 million in Q2 of 2023, the company reports net income of $2.9 million in the second quarter of this year. Looking at Audacy’s business segments, Local and National Spot revenue was $179.6 million, a decline of almost 4% from a year ago; Digital (including podcasting) revenue was $74.4 million, an increase of 11.6%; and Network revenueim was $22.3 million, up 7% over Q2 of 2023. Audacy also breaks out revenue by radio format categories and while Sports radio revenue was $71.1 million (up 8.3% over last year), News/Talk revenue was $43 million (a decline of 2.3% from the same period a year ago). Audacy chairman, president and CEO David J. Field comments, “Audacy continued to deliver strong 2024 financial performance with Q2 Adjusted EBITDA more than doubling, up 116% vs. prior year. For the first six months of 2024, Adjusted EBITDA is up 128%. Our accelerating financial performance reflects our significant revenue share gains, low-teen growth in digital advertising, high single-digit growth in network radio, and prudent expense reductions, offsetting continued weakness in traditional ad markets. Notably, our transformational, strategic investments are emerging as a critical driver in our accelerating performance. Recent improvements in our streaming and podcasting platforms, along with further enhancements to our digital monetization and programmatic capabilities are increasing their impact on our top-line and bottom-line results. As previously announced, we received court approval of our consensual pre-packaged Plan of Reorganization in February and are awaiting FCC approval to complete the process. We continue to expect final approval and emergence to occur during the current quarter. The third quarter is currently pacing up low-single digits, and we expect another quarter of significant Adjusted EBITDA growth.”