Audacy Lays Off Several Hundred Staffers in Post-Chapter 11 Move
The radio industry knew these cuts were coming as the rumors of a company-wide RIF were plentiful. On Thursday (3/6), Audacy made the staff reduction that affects people across all departments – corporate, on-air, and off-air. An Audacy spokesperson issued the following statement: “Audacy has made workforce
reductions to ensure a strong and resilient future for the business. We are streamlining resources to stay competitive in a rapidly evolving media landscape and to best position Audacy to continue serving listeners and advertisers with excellence.” The Desk is reporting a list of those affected by the cuts and in the spoken-word formats, those people include: WINS, New York sports director Marc Ernay; KNX, Los Angeles reporter Charles Feldman; WWL, New Orleans news staffer Mark Menard; KMOX, St. Louis digital content producer Wilson Truong; and others. Read The Desk’s coverage here.
pm to 10:00 pm ET with 37,895,000 viewers across the 15 networks that televised the address. This year’s audience was up over 13% compared with the 32.2 million viewers that watched President Biden’s State of the Union address in 2024. Breaking down Tuesday’s audience by age, 5.7% of viewers were aged 18-34; 20.5% of viewers were aged 35-54; and 70.7% of viewers were aged 55 and older. 
21.67% of stations had women in the general manager position, a decline of half a point from last year, but a large increase from 2004 when 14.9% of stations had a female GM. MIW says the best management opportunities for women in radio continues to be in sales management as 35.67% of stations had a woman sales manager in 2024, up more than a full percentage point from 2023. When it comes to programming, MIW says the greatest challenge for women in radio management continues to be in the area of program directors/brand managers. Women currently program 12.38% of stations, a slight gain from 11.50% in 2023. MIW board president Sheila Kirby comments, “While we are encouraged by the progress in sales management and programming, the overall numbers show that there is still significant work to be done. Leadership opportunities for women in radio must continue to grow, and our mission at MIW remains steadfast – empowering, mentoring, and advocating for more women to rise into key decision-making roles across the industry.”
people spend by far the most amount of their time at home, the at-home environment offers a variety of listening devices including smart speakers, internet-connected TVs, and computers, in addition to mobile phones… And we know from our qualitative research that podcast listeners can listen while they multitask at home.” After listening at home, listening at work contributes 16% to the overall daily listening time to podcasts, while in-car listening captures 11% of daily listening time. Edison adds, “We can theorize that because people often take short drives during the day including quick trips to the store, or school, or on errands, that those short trips might not be conducive to becoming fully engaged with a podcast.” Finally, 6% of listening happens in various other locations, such as gyms, grocery stores, or while walking.
Zeitgeist” podcast at The Moody Theater in Austin, Texas on Monday, March 10 at 8:00 pm ET. Presenters for the 2025 iHeartPodcast Awards will include Annaleigh Ashford and Melissa Moore, Cam Jordan, Chelsea Handler, Dennis Quaid, Ed Helms, Georgia Hardstark and Karen Kilgiraff, Joe Manganiello, Kyle MacLachlan, Sarah Spain, Sophia Bush and more. 
heard on WERE, Cleveland; WOLB, Baltimore; WDBZ, Cincinnati; and KDEE-FM Sacramento. The “Tavis Smiley” program is now heard in 40 markets across the United States, including New York, Los Angeles, and Chicago. Tavis Smiley says, “The show’s expansion into four additional high-profile markets underscores our ongoing commitment to enhancing the show’s innovative and unapologetically progressive programming. Following November’s election, the demand for our programming is growing exponentially. We will continue to deliver enlightening and empowering content aimed at African Americans and other people of color.”
the “Private Economic Council” – a Washington, DC-based organization composed of “influential business leaders, entrepreneurs and economists promoting free market tax policies, advocating for taxpayers, and helping to support and promote President Trump’s economic agenda.” It also includes former Trump senior economic advisor and former member of the Wall Street Journal editorial board Steve Moore, Papa John’s founder John Schnatter, and former U.S. congressman and current Liberty University School of Business Dean Dave Brat.
Now, is submitting IPO offering materials with the SEC and is seeking a public offering with a planned listing on the New York Stock Exchange under the symbol “NMAX” later this year. Newsmax CEO Christopher Ruddy states, “This achievement reflects the strong results Newsmax has demonstrated and testifies to the trust and support the company maintains with investors, viewers and friends. We’d also like to thank Digital Offering LLC, for their expertise, hard work and their positive commitment to supporting us throughout this process. We are excited to be one step closer to our upcoming IPO which will provide us a tremendous opportunity for growth. A public offering will allow tens of thousands of Americans to directly partner with us and join our news revolution. We look forward to delivering long-term value to all of our shareholders.”
were three or four minutes. Under the old five-minute listening qualifier rule, none of this tuning would have received listening credit. Effective with the January 2025 PPM survey, Nielsen is now crediting tuning occasions that are three minutes or greater. What are the results so far? First, drive times and weekends experience the greatest growth. Comparing January 2024 to January 2025 for persons 12+ and 25-54 reveals double-digit growth for all dayparts. Weekends and drives times have the greatest increases. Second, AM/FM radio’s listening profile now skews younger: Every major buying demographic has a higher composition of listening. Persons 65+ is the only demographic where AM/FM radio’s audience composition is reduced. Persons 25-54, AM/FM radio’s most popular buying demographic, experiences the largest increase in audience composition. Persons 18-49 have the next largest growth. And third, format shares remain stable. Versus October 2024, PPM January 2025 format shares are very consistent. An uptick in news/talk AQH composition is most likely more due to a heavier news cycle (major weather stories and a new president) than a PPM methodology enhancement. In local markets, there is more share variation. 
York director of marketing and promotions Emily Magelof says, “David’s creativity, vision, and dedication have been instrumental in driving our brands. We are excited for him to continue elevating our promotional efforts, ensuring even greater success in the future.” Montague comments, “I am truly honored for this accomplishment and excited for the future. I want to thank my support system at iHeartMedia, friends and family for their continued confidence and believing in me.”
the team to develop, sell and service local business. The position is responsible for delivering assigned revenue targets through managing sales team efforts, developing sales talent and monthly business planning. The GSM develops relationships with businesses, engages with networks such as chambers, business alliances etc. to uncover opportunities within the local market. The GSM will maintain an account list while helping the sales team sell and develop cohesive campaigns for new direct businesses. 
radio stations) Q4 2024 revenue was $684 million, flat compared to Q4 of 2023. The company’s Digital Audio Group Q4 2024 revenue was $339 million, an increase of 7%. Withing the Digital Audio Group, podcast revenue was $140 million, an increase of 6%. For the fourth quarter of 2024, the company reports net income of $31.9 
million. For the full year of 2024, it reports a net loss of $1 billion. iHeartMedia chairman and CEO Bob Pittman states, “Our fourth quarter Adjusted EBITDA of $246 million was up 18.2% vs. prior year, our highest percentage increase in almost three years, and our consolidated revenues were up 4.8% compared to the prior year, demonstrating the inherent operating leverage in this business. We are pleased that we successfully completed the comprehensive exchange transaction discussed last quarter – extending the majority of our debt maturities by three years; keeping our consolidated annual cash interest expense essentially flat; and providing overall debt reduction. This provides the company with the flexibility to remain focused on creating shareholder value in 2025 and beyond.”
impairment charge of $224.5 million compared to a pre-tax non-cash impairment of $65.3 million in 2023, both primarily reflecting FCC-related charges.” Cumulus president and CEO Mary G. Berner states, “Since the pandemic’s onset, the radio industry has experienced tough economic and secular headwinds. In the face of those, we outperformed our peers through the end of 2023 on key metrics including cost takeouts, EBITDA 
margin recovery, free cash flow generation, net leverage, and liquidity. 2024 brought additional challenges, including accelerated national headwinds as well as an industry-wide slowdown in local radio advertising. In response, we doubled down on investing in growth areas, particularly in our digital marketing services business, which is pacing up 30% in Q1. Additionally, we continued evolving our broadcast go-to-market strategies, including with new offerings that are successfully attracting large new broadcast clients, and we drove additional cost efficiencies with 2024 actions that will result in $43 million of annualized fixed cost savings, of which $15 million benefited 2024 with the balance in 2025. Though the industry environment remains challenging for now, our 2024 refinancing efforts provided us with the time needed to both execute our day-to-day blocking and tackling and, in parallel, continue to reimagine the ways in which we can get the most out of our key assets to create new revenue streams and build additional long-term value.”
will air on SiriusXM’s Stars channel from 8:00 am to 10:00 am. SiriusXM president and chief content officer Scott Greenstein comments, “Page Six has been a powerhouse for all celebrity news for nearly half a century, and by teaming up with our in-house experts here at SiriusXM, this new show is sure to be the ultimate destination for pop culture fans. With the launch of ‘Page Six Radio,’ we are transforming the publication’s stories to a dynamic new format that will expand its reach and resonate with SiriusXM listeners who turn to the platform for all the latest entertainment news.”
says, “Governor Newsom is going solo and diving into the real issues that matter – government, politics, affordability, quality of life, and the cultural moments shaping our world. No spin, no script, just real talk about what impacts listeners most.” 
should have the right to handpick the journalists who cover them. Doing so gives them license to select only news outlets whose coverage they deem positive and exclude responsible journalists whose reporting, although fair and accurate, the administration may not like. We call on the Trump administration to reverse this decision without delay so that the American people, and the world, can be assured they are getting a complete and accurate account of the activities of the President of the United States. This is especially critical during times of crisis.”