Industry News

WGN, Chicago Wins Three Silver Dome Awards

img

Nexstar Media Group’s news/talk WGN, Chicago was honored with 2025 Illinois Broadcasters Association (IBA) Silver Dome Awards, including two for the WGN Radio newsroom. The awards were announced on November 6 at a reception held at the InterContinental Hotel in Chicago. WGN Radio won Silver Dome Awards for Best Continuing Coverage – “Trial of Michael Madigan”; Best Feature – “Chicago Teachers Told to Pass Migrant Students” by Sylvia Snowden and Ryan Burrow; and Best Radio Personality – John Williams. Additionally, IBA also recognized Dave Eanet, whose two stints on WGN Radio encompass more than 30 years, with the 2025 Chicago/W. Russell Withers Jr. Broadcast Pioneer Award. The award is named after the late W. Russell Withers Jr, founding father of the Illinois Broadcasters Foundation.

Industry Views

SABO SEZ: P1s and Meters are Not Your Friends

By Walter Sabo
a.k.a. Walter Sterling, Host
WPHT, Philadelphia, “Walter Sterling Every Damn Night”
TMN syndicated, “Sterling on Sunday”

imgOne of my first jobs out of college was working in the marketing department of WNBC-AM, New York. Yes, “Imus In The Morning” (Don Imus – not nice), Cousin Brucie (Bruce Morrow – nicest star who ever lived). One of my tasks was to pull ratings numbers from the computer for the sales department. I was fascinated by TIME SPENT LISTENING (TSL) and CUME numbers. I’d rank them, compare, trend them every way imaginable.

The station with the longest TIME SPENT LISTENING (TSL): The Greek language station. The station with the shortest TSL, WABC – a Top 40 rocker. The station with the highest cume, WABC.

Legendary WABC programmer Rick Sklar explained, “We wanted to be everybody’s second favorite station. Everybody’s!” WABC had a 5 million cume. Listeners always came back to WABC. That was the plan.

Regardless of the genre, building a station that everyone comes back to has been the successful tactic of all of my programming work: AC, urban, oldies and yes, talk. New Jersey 101.5, WTKS-FM, Orlando and others were designed to appeal to many listeners over and over rather than just a small group of people who never leave. What’s a more stable, predictable business?  One that counts on a single listener for one hour of listening or four listeners for fifteen minutes each?

A deep, profound study of P1s and TSL can only have one result: Declining cume. It is a fatal myth that talk is a “low cume, high TSL format.” It can be, and it will die.  Or it can be and has been a high cume, low TSL business that grows, is stable, and predictable. The key is careful rotation of topics, urgency, top-of-mind subjects, no theory, and lots of weather.

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 “Walter Sterling Every Damn Night” is heard on WPHT, Philadelphia. 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.

Industry News

iHeartMedia Q3 Revenue Dips 1.1%

iHeartMedia’s third quarter 2025 financial results are in and the company is reporting revenue of $997 million, a decline of 1.1% from the same period in 2024. iHeartMedia’s Multiplatform Group (including radio stations) revenue was $591 million – down 5% from Q3 of 2024 – and the company’s Digital Audio Group revenue was $342 million – up 14% over Q3 of 2024). Notably, the company’s Podcast Revenue was $140 million, up 22% year-over-year. iHeartMediaimg chairman and CEO Bob Pittman comments, “We’re pleased with our third quarter performance, generating Adjusted EBITDA of $205 million, slightly above the midpoint of our guidance range, and our consolidated revenue was down 1.1% compared to prior year, at the high end of our guidance, and up 2.8% excluding political revenue. And we continue to take important steps in the evolution of our company – last week we announced our new relationship with Amazon Ads, which will provide advertisers using Amazon DSP access to our vast audio portfolio, and just this morning we announced our new TikTok partnership, which will bring TikTok creators into iHeart’s ecosystem. We are committed to exploring new ways to unlock the value of our unparalleled assets, maximizing the unique position we occupy in the evolving media landscape, and creating innovative cross-platform opportunities to bring new products and services to our consumers and our advertising partners.”

Industry News

Salem Media Group Q3 Net Revenue Falls 12.6%

Salem Media Group reveals its operating results for the third quarter of 2025 and reports that netimg revenue was $51.3 million, a decline of 12.6% from the same period in 2024. The company’s broadcast revenue was $40.7 million, down 11.5% from Q3 of 2024, and digital media revenue was $10.5 million, down 3% from the same period a year ago. The company posted a net loss of $2.3 million compared to the net loss of $6.6 million it posted in Q3 of 2024.

Industry News

St. John Upped to DOS for Bonneville Seattle

Bonneville International promotes Crista St. John to director of sales for the Seattle market that includes news/talk KIRO-FM, KIRO-AM “Seattle Sports,” conservative talk KTTH-AM “Seattle Red,” and MyNorthwest.com. St. John, who has been serving as general sales manager,img comments, “I’m honored and excited to take on this new role and continue building on the incredible momentum our teams have created. Bonneville Seattle is home to passionate, talented individuals who care deeply about our brands, our partners, and our community. I look forward to helping us grow even stronger – together.” Bonneville Seattle SVP and market manager Cathy Cangiano states, “Crista has consistently demonstrated outstanding leadership, strategic insight, and a deep commitment to relationship-building. Her promotion is a testament to the impact she’s made and the confidence we have in her ability to lead us into the future. Crista was the clear choice for this role, and I’m thrilled to partner with her as we shape the next chapter for Bonneville Seattle. Her vision and energy will be instrumental in our continued growth.”

Industry News

Yesterday’s Top News/Talk Media Stories (11/10)

The most discussed stories yesterday (11/10) on news/talk radio and related talk media according to TALKERS research:

  1. Tentative Government Reopening Deal / Air Travel Chaos
  2. Veterans Day
  3. Trump’s $2,000 Tariff Dividend
  4. Trump Asks SCOTUS to Vacate E. Jean Carroll Award
  5. SCOTUS Refuses to Overturn Gay Marriage Ruling
Industry Views

Monday Memo: “What NEXT???” is The New Normal

By Holland Cooke
Consultant

imgIf you’re a news/talk station, be known-for-knowing what’s happening. My client stations routinely invite tune-in “for a quick [name of network] news update, every hour, throughout your busy day.”

Then, when The Big Story blocks-out-the-sun:

If you automate syndicated shows, who will get alerts and can take the story wall-to-wall joining continuing network coverage?

    • Got station news HR? What’s your plan for covering a major local event? Stations I work with are “news partners” with local TV stations. Radio simulcasts TV coverage…and takes them where TV otherwise isn’t, in-car. Win-win.

im

  • If you’re a music station with a news/talk cluster mate, gauge whether an event warrants promoting that the brother station is on-the-story, or if you should simulcast.

Regardless of format, think car radio. People near TV will likely be watching.

Holland Cooke (HollandCooke.com) is a consultant working the intersection of broadcasting and the Internet. Follow HC on Twitter @HollandCooke and connect on LinkedIn

Industry News

Beasley Third Quarter Revenue Down 12.4%

Beasley Media Group reveals operating results for the third quarter of 2025 and reports net revenue of $51 million a decline of 12.4% compared to Q3 of 2024. Beasley says the performance was in line with its guidance and “reflects continued softness in the traditionalimg agency advertising market, partially offset by sustained growth in high-margin, owned-and-operated digital revenue and local direct sales.” Beasley recorded an operating loss of approximately $300,000 in the third quarter of 2025, compared to an operating income of $1.2 million in the imgprior year quarter. Beasley CEO Caroline Beasley comments, “Our third quarter results demonstrate continued operational discipline. While advertising demand remains challenging, particularly within agency channels, the quality of our revenue mix continues to strengthen, led by sustained growth and record margins in our digital business. Digital revenue now represents roughly one-quarter of total company revenue, with owned-and-operated products driving margin expansion and scalability. At the same time, our cost-reduction initiatives are yielding tangible, lasting benefits. We’ve reduced total station operating and corporate expenses by $15 million year-to-date, while improving organizational efficiency and positioning Beasley to generate higher returns on every dollar of revenue. As we move into the fourth quarter, we remain focused on disciplined execution, strengthening our balance sheet through planned asset sales, and advancing our strategy to deliver sustainable shareholder value.”

Industry News

Townsquare Media Q3 Net Revenue Falls 7.4%

Townsquare Media’s third quarter 2024 financial results are in and the company reports net revenue of $106.8 million, a decline of 7.4% compared to the same period a year ago. The company reports a net loss of $5.5 million for the period after posting net income of $11.3 million a year ago. Townsquare Media CEO Bill Wilson states, “In the first nine months of 2025,img Townsquare’s total Digital net revenue increased +2.1% year-over-year, representing 55% of the Company’s total net revenue, and Digital Segment Profit increased +3.6% year-over-year, operating at a 26% profit margin, and representing 55% of our total Segment Profit. In particular, I’d like to highlight the strong performance of our Direct Digital Advertising revenue streams img(including the direct sales of our owned and operated digital properties and our programmatic offering), which increased +7% year-over-year in the third quarter, partially offsetting the significant short-term headwinds we are currently facing due to the deterioration in online audience trends; and the strong profit performance of Townsquare Interactive, which delivered Segment Profit growth of +21% year-over-year in the third quarter (+$1.1 million) and +19% year-over-year in the September year-to-date period (+$3.0 million). Despite numerous headwinds that we have encountered, we are proud that the execution of our Digital First Local Media strategy has allowed us to deliver excellent results for our clients, while also producing strong cash flow from operations due to the thoughtful and deliberate management of our expense base.”

Industry News

TALKERS News Notes

McVay to Consult Zeno Media. Zeno Media, a global streaming and podcast infrastructure company serving diaspora communities in over 100 countries, announces the appointment of Mike McVay as a strategic advisor. In this role he’ll work closely with Zeno’s leadership team to sharpen content strategy, strengthen programming innovation, and help scale the company’s audio business across traditional, digital, and streaming platforms.

Jones to Interview Couric at Gracies Leadership Awards. The Alliance for Women in Media (AWM) announces that “TODAY” co-host Sheinelle Jones will conduct a fireside chat with award-winning journalist Katie Couric at the November 18 2025 Gracies Leadership Awards at Tribeca 360° in New York City. Couric will be honored with the distinguished Gracies Icon Award in recognition of her groundbreaking career and contributions to media.

WRKO Raises $137k for Disabled Vets. iHeartMedia Boston’s news/talk WRKO raised $137,736 during the tenth annual DAV Radiothon to benefit the Disabled American Veterans Department of Massachusetts last Friday. WRKO personalities Jeff Kuhner, Chuck Zodda, Mike Armstrong, and Howie Carr encouraged listeners to donate and raise funds for the DAV of Massachusetts’ homeless shelter and transportation programs. Since 2016, DAV Radiothon has raised over $1,263,000 to benefit veterans in the community.

Industry News

Saga Communications Q3 Net Revenue Falls 1.8%

Saga Communications reports operating results for the third quarter of 2025 and states that net revenue was $28.2 million, a decrease of 1.8% from the same period in 2024. Station operating expense increased $2 million or 8.7% for the quarter to $24.7 million compared to the sameimg period last year. Saga says this was primarily the result of an industry wide settlement with two music licensing organizations (ASCAP and BMI) resulting in a retroactive rate adjustment of approximately $2.1 million covering the period from January 1, 2022, to the quarter ended September 30, 2025. Station operating expense would have decreased $120 thousand or 0.5% for the quarter without this settlement. For the quarter, Saga had an operating loss of $626 thousand compared to operating income of $1.6 million for the same quarter last year and station operating income decreased $2.5 million to $3.5 million. Without the settlement the operating loss would have been operating income of $1.5 million compared to $1.6 million and station operating income would have been $5.6 compared to $6.0 million for the same quarter last year. Saga reports a net loss of $532,000for the quarter compared to net income of $1.3 million for the third quarter last year. Saga says its balance sheet reflects $34.2 million in cash and short-term investments as of November 3, 2025.

Industry News

Audacy Launches Detroit Sports Network

Audacy is launching “97.1 Detroit Sports Radio Network” on December 1, what it calls “a new, centralized hub for sports fans across Michigan.” The company’s “97.1 The Ticket” (WXYT-FM, Detgroit) will serve as “the flagship station of the first-of-its-kind statewide platform produced andimg distributed by Audacy to unite the biggest sports voices, markets, and fans.” Audacy Detroit SVP and market manager Debbie Kenyon says, “The launch of ‘97.1 Detroit Sports Radio Network’ represents a massive commitment to our listeners and an exciting chapter in our growth. We are excited to partner with Townsquare Media and other media companies to expand our footprint across all of Michigan and to deliver great content to the dedicated fan base we serve. We are proud to deliver best-in-class sports coverage to the entire state, solidifying our position as the essential source for Michigan sports audio content now and for years to come.” The network’s first affiliates include Townsquare Media’s WFGR in Grand Rapids, WJIM in Lansing, WBCK in Battle Creek, and WKMI in Kalamazoo, plus Blarney Stone Broadcasting’s WGRY in Roscommon. Additional affiliates will be announced in the upcoming months.

Industry News

Audacy SVP/Sports Lee Davis to Retire

Audacy’s SVP of sports monetization Lee Davis is retiring. The former WFAN, New York VP andimg general manager has been in his current role since 2023. Audacy notes that Davis “rejoined Audacy in 2018 to lead the reboot of Audacy’s TWIN platform.” Audacy chief revenue officer Bob Philips says, “Lee has been a valued colleague and leader whose experience, dedication, and steady guidance have made a lasting impact on Audacy (as well as the companies he has worked at throughout his career). His contributions and presence will be greatly missed.”

Industry News

Audacy and Wichita State Announce Broadcast Deal Extension

Audacy’s Wichita station group announces a multi-year extension of its broadcast partnership with Wichita State Athletics. As part of the deal, classic hits KEYN-FM remains the flagship and will air all men’s basketball games and select women’s basketball games. All baseball games will be exclusively broadcast on sports talk KFH Radio (97.5 FM /1240 AM). Audacy will alsoimg produce and distribute weekly coaches’ podcasts for multiple sports during their seasons. Audacy Wichita SVP and market manager Tommy Castor says, “We are proud to continue our 50-plus-year tradition as the radio home of Shocker sports. Our partnership with Wichita State Athletics reflects a deep commitment to the community and to connecting with generations of fans. We’re excited to provide Shocker fans the best play-by-play coverage and exclusive updates that bring every game to life.”

Industry News

Clay Travis Puts $100k of His Own Money on the Line in Women’s Soccer Controversy

Premiere Networks nationally syndicated talk host Clay Travis is offering $100,000 to any male soccer player who can say he identifies as female and makes a women’s pro soccer team. This comes on the heels of the controversy generated by the disagreement between Angel City Football Club players Elizabeth Eddy – who penned an op-ed calling for a gender eligibilityimg policy in the National Women’s Soccer League and teammates Sarah Gorden and Angelina Anderson who strenuously object to the idea. Travis – co-host of The Clay Travis and Buck Sexton Show – said on the program, “If you are a male soccer player, and you are listening to us right now, D1, I would encourage you to go to open tryouts. If you make a women’s soccer team or they ban you – just say you identify as a woman – if you make a women’s soccer team, I’ll pay you 100 grand. Challenge out there for every man listening to us right now. I want one of you out there to try to make a women’s pro soccer team – just tell them if they question you, ‘hey, I identify as a woman,’ and I want you to make the team because if they don’t have this rule in place, it would be transphobic for them to stop you from being able to become a male identifying as a woman professional athlete. And I think you might be able to score fifty goals in a year and maybe this is what needs to happen in the National Women’s Soccer League.”

Industry News

Urban One Third Quarter 2025 Net Revenue Falls 16%

Urban One releases its operating results for the third quarter of 2025 and reports net revenue of approximately $92.7 million, a decrease of 16% from the same period in 2024. The company says operating income was approximately $2.5 million during the quarter, compared to an operating loss of approximately $26.2 million during the same period in 2024. Urban One is also reporting a net loss of approximately $2.8 compared to net loss of approximately $31.8 million inimg the same period a year ago. Urban One CEO and president Alfred C. Liggins, III says, “Third quarter results came in slightly softer than expected across the board. Core radio, excluding political, finished down 8.1%, and our Radio segment is currently pacing down 30.2% all-in and 6.4% ex-political for the fourth quarter of 2025. Revenues at our Reach Media and Digital segments were down 40.0% and 30.0% respectively, which was on the lower end of expectations. Cable TV advertising was down 5.4% and affiliate revenue was down 9.1% driven by continuing subscriber churn. In light of the soft overall market conditions, we are reducing our full year guidance from $60 million of Adjusted EBITDA to $56 to $58 million. Our focus remains on controlling costs, managing debt, leverage and liquidity. During the third quarter of 2025, we repurchased $4.5 million of our 2028 Notes at an average price of approximately 52.0% of par, reducing our outstanding debt balance to $487.8 million.”

Industry News

Legendary Sports Talker Bob Trumpy Dies at 80

Sports media pioneer Bob Trumpy – who got his start in sports talk radio at WCKY-AM,img Cincinnati – died on Sunday at age 80. As reported by John Kiesewetter at WVXU.org reports on Trumpy’s passing and his career. Trumpy pitched the idea of a sports talk program to then-general manager of WLW-AM, Cincinnati Charles Murdock but was shot down. He turned to WCKY-AM and launched the show there. Three years later, WLW-AM hired him away from WCKY. Trumpy, who played for the hometown Cincinnati Bengals from 1968-1977, would move on to national television with NBC Sports that culminated with him receiving the Pete Rozelle Award for lifetime achievement in NFL broadcasting. Read the full WVXU story here.

Industry News

WJR, Detroit Legend Warren Pierce Dies at 82

Warren Pierce, legendary WJR-AM, Detroit personality, died on Friday (10/31) at the age of 82. Pierce served with WJR for almost 40 years and, according to the Detroit Free Press, “was saidimg to have interviewed tens of thousands of celebrities, authors, politicians and other assorted newsmakers during his long radio career.” The Free Press obit states, “He filled a variety of roles for WJR across the decades beginning in the 1970s. Whether hosting a weekday morning or afternoon slot or doing a weekend shift, he drew fans with his friendly, upbeat style and filled ‘The Warren Pierce Show’ with a mix of interviews, movie reviews, news and weather.  A dedicated fan of University of Michigan football, Pierce also did sideline reporting for WJR’s coverage of Wolverines games during the era of coach Bo Schembechler.” He left WJR in 1993 and joined WJBK-TV, Detroit as a morning news anchor. See the Detroit Free Press story here.

Industry News

Civic Media Host Jane Matenear Announces Retirement

Wisconsin radio personality current host of “Matenaer On Air” on several of Civic Media’s news/talk stations, Jane Matenaer, announces her retirement after 44 years in the business. She says, “When I started my radio career, my goal was to be a ‘cool, nighttime rock chick.’img Tragically, I was none of those things. Fortunately, I had the support of those who believed I had potential and encouraged me to follow a slightly different path — to morning radio. And while I never envisioned eventually moving from music to talk radio, the transition has been the most rewarding experience of my life, and these last three years at Civic Media have been the proudest of my 40-plus year career.” Prior to joining Civic Media, Matenaer served with Good Karma Brands’ news/talk WTMJ, Milwaukee in the newsroom and in morning drive. She adds, “As I head toward retirement, I want to take this moment to thank my current and former colleagues and mentors. You are among the most talented, dedicated and hilarious people on the planet. Thank you to Civic Media, for believing in a 60-something woman to host her own show and for your commitment to community-based radio and to a healthy democracy.”

Industry News

TALKERS News Notes

SiriusXM Debuts College Hoops Season Coverage. Satcaster SiriusXM is recognizing today’s first day of the 2025-26 college basketball season by presenting 77 live men’s and women’s game broadcasts, including #7 Duke visiting #16 Baylor in women’s action at 12:00 noon ET, and #13 Arizona hosting #3 Florida on the men’s side at 7:00 pm ET.

New Affiliate for Donal Ware. “BOXTOROW” with sports and entertainment host Donal Ware adds non-commercial KCEP-FM, Las Vegas to its roster of affiliate station. Ware says, “We are happy to have them aboard. BOXTOROW was a media partner of the Las Vegas HBCU Classic that took place last week, so to now be able to bring BOXTOROW to Las Vegas is a blessing and exciting.

Industry News

Gould Named SVP of Sales for iHeartMedia San Francisco

iHeartMedia San Francisco names Annalee Gould SVP of sales for the station group that includes sports talk KNEW-AM and KKSF-AM BIN Black Information Network, plus five musicimg brands. Gould comes to iHeartMedia from Metamorphosis.Digital where she was chief revenue officer and VP of sales. iHeartMedia division president Kris Foley says, “Annalee’s ability to build trust, navigate change, and deliver creative, cross-platform results makes her the ideal leader for our San Francisco sales team. Her experience and relationships in the Bay Area will be instrumental as we continue to grow our presence and impact.” She comments, “Audio is one of the most powerful and evolving channels in media today and nowhere embodies creativity and innovation quite like the Bay Area. I’m excited to join iHeartMedia and work with a team that understands how meaningful human-generated content continues to drive trusted marketing. In a time when that connection feels increasingly rare, radio and podcasts remain deeply human, built on authentic voices, real stories, and companionship.”

Industry Views

TALKERS EXCLUSIVE: Talk-Show-Host-Turned-City-Councilor Frank Morano Shares Insider’s View of WABC and the Intense NYC Mayoral Race

img

As November 4 approaches, the 2025 New York City mayoral race and talk radio powerhouse WABC are entangled in a political drama worthy of several books and a movie, not to mention big time radio ratings! Key players include Curtis SliwaJohn CatsimatidisAndrew CuomoSid Rosenberg, and of course, Zohran Mamdani.

Bringing it all to life is former WABC rising talk show star Frank Morano, who is this week’s guest on “Up Close Far Out” hosted by Michael Harrison on the TALKERS MEDIA YouTube Channel.

Morano recently walked away from his “The Other Side of Midnight” show to compete in and win a special election for the seat vacated by a retiring city councilor from his home district #51 on the South Shore of Staten Island. Morano is now running for reelection to his own full term in the NYC election. Harrison predicts that his political future is bright.

In this candid conversation, Morano focuses on the mayoral election, personalities, and struggles in what Harrison describes as “improvisational theater set at the intersection of politics and talk radio.”  Morano also discusses how talk radio prepared him for his new political mission.

To connect to the conversation between Frank Morano and Michael Harrison, please click here.   

Industry News

SiriusXM Reports Net Revenue of $2.16 Billion

SiriusXM reports its operating results for the third quarter of 2025 and says net revenue was $2.16 billion, down 1% from the same period in 2024. The company also reveals it posted net income of $297 million, compared to a net loss of $2.96 billion in the third quarter of 2024 (that included a $3.36 billion noncash goodwill impairment related to the Liberty Media transaction). CEO Jennifer Witz states, “This was a quarter of meaningful progress for SiriusXM. We’reimg enhancing the subscriber experience through new content, deeper personalization, and continued innovation across every stage of the customer journey, driving greater engagement and value for our listeners. At the same time, we’re scaling our digital advertising business and strengthening our leadership in podcasting. Across each of these areas, we’re leveraging our unique assets to deliver sustainable profitability and long-term value for our shareholders — a strategy that is already delivering as we raise our full year guidance.” During the quarter the satcaster expanded and developed its roster of high-profile voices. It extended its agreement with Andy Cohen and celebrated the 10th anniversary of his flagship channel, Radio Andy. Stephen A. Smith also debuted on the platform, launching new political and sports programs and renewed its agreement with Megyn Kelly, expanding the partnership to include the upcoming Megyn Kelly Channel.

Industry News

Armen Williams to Lead Westwood One Sports 24/7 Programming

Cumulus Media’s Westwood One appoints Armen Williams executive director of Westwood One Sports 24/7 programming, effective November 3. In this role, Williams will lead the development and production of the network’s new round-the-clock sports content. The companyimg says he’ll “oversee all aspects of sports talk content across the network, including daily technical operations, social media strategy, and brand management. He will build a talented team of hosts and producers responsible for compelling on-air programming – featuring original content, interviews, benchmarks, and fan interaction.” Williams says, “There’s never been a more exciting time to be in audio – the industry is thriving, innovative, and constantly evolving. This is a unique opportunity to build on the incredible foundation created by our partners at Audacy and BetMGM and combine it with the reach, heritage, and credibility of Westwood One Sports. I’m honored to help shape the next chapter, delivering smart, entertaining, and authentic sports content for listeners everywhere.”

Industry News

Cumulus Media Reports Q3 Net Revenue Down 11.5%

Cumulus Media reports its operating results for the third quarter of 2025 and reveals net revenue of $180.3 million, a decline of 11.5% from the same period in 2024. The company says it generated digital revenue of $39 million, a decrease of 2.6% year-over-year, or an increase ofimg 8.4% excluding the $6.9 million impact from discontinuing the DailyWire and Dan Bongino relationships. The company posted a net loss of $20.4 million compared to net loss of $10.3 million in Q3 2024. Cumulus breaks down its revenue by segment and reports that its broadcast radio spot revenue declined 13.1% to $83.7 million, while network revenue fell 26.5% to $31.2 million. Total broadcast revenue was img$114.9 million, a decrease of 17.2% from the same period in 2024. Cumulus president and CEO Mary G. Berner says, “In an advertising environment that remained challenging for legacy media, we continued to outperform. We once again gained market share in total broadcast spot as well as in digital, where our market share gains reflected the strong growth of our digital marketing services business, which was up 34% in the quarter. Additionally, we remained highly focused on re-engineering the business, reducing annualized fixed costs by $7 million and accelerating our efforts to implement a wide array of AI initiatives to drive efficiencies and enhance growth. These results underscore our disciplined focus on optimizing performance in areas that we can control. While we do not expect the current headwinds to abate in the near-term, we remain confident in our ability to position the company for long-term success through strong execution and by maximizing value from the company’s underlying assets.”

Industry News

WGN, Chicago News Anchor Steve Bertrand to Retire

WGN Radio announces that market news pro and afternoon news anchor Steve Bertrand will retire from radio on November 13 after a 40-year career with the Nexstar Media Group station.img WGN VP and general manager Mary Sandberg Boyle says, “From joining  WGN Radio in 1985 during the Wally Phillips era to anchoring news on the ‘Lisa Dent Show’ today, throughout his 40 eventful years here Steve has faithfully maintained the highest standards of journalistic integrity, combined with his own unique gift for playful on air banter which is sure to be  missed by colleagues and listeners alike.” Bertrand comments, “I feel like I’m the luckiest guy in the history of radio. As a kid, I dreamed of one day living in Chicago. I never imagined I’d be part of her daily conversation. I will forever be grateful to the legends I worked with and, most especially, the listeners who made it all happen. I’ve had the privilege of being part of a pretty amazing family for 40 years.”

Industry News

KFAB, Omaha Talk Host Gary Sadlemyer Announces Retirement from Full-Time Gig

iHeartMedia Omaha announces that longtime “NewsRadio 1110 KFAB” personality Gary Sadlemyer is retiring from full-time radio and his daily morning show on December 12. Sadlemyer, who began with the station in 1976, has anchored “KFAB’s Morning News” for moreimg than three decades. During his career, he hosted the first live, daily talk show in KFAB’s 100-year history and served several years as the station’s program director. He was also the voice of Nebraska Cornhusker football from 1980-1995. He says, “Time sure flies when you’re havin’ fun. Since I was a kid growing up in Minnesota, I had a passion for radio. It’s just like anything else, kids who dream about being a doctor or whatever; mine was radio.” KFAB says that Sadlemyer’s on-air partners for the past quarter-century – Jim Rose and Lucy Chapman – will remain as part of the station’s morning drive commitment to providing news, weather, traffic, sports and compelling conversations about the issues important to the community. The station says that KFAB listeners will still hear plenty of Gary Sadlemyer on the station as he’ll still work to provide personalized content for station advertisers, and pop in to hang out or be a fill-in host on the morning show from time to time.

Industry News

NAB Extends Crystal Awards Nominations to November 4

The National Association of Broadcasters announces that the nominations window for the NAB Crystal Radio Awards – recognizing NAB member stations that demonstrate exceptional year-round commitment to community service – is being extended several days to November 4. Get all the information here.

Industry News

iHeartMedia Joins NBCUniversal as Olympics Audio Partner

NBCUniversal announces that iHeartMedia is serving as its exclusive audio partner for the upcoming Milan Cortina 2026 Olympic Winter Games taking place from February 6 to February 22. As part of the partnership, iHeartRadio will provide 24/7 play-by-play audio channels ofimg NBCUniversal’s coverage of the Games. It will also produce a new Winter Games season of “Two Guys, Five Rings” hosted by Bowen Yang and Matt Rogers, produce Olympic-specific episodes of some of its podcasts, and promote tune-in for NBCU’s coverage. iHeartMedia president of business development and strategic partnerships Michael Biondo says, “We’re eager to build upon our relationship with NBCUniversal and once again deliver premium audio coverage of the Olympic Games, this time focusing on the awe-inspiring athletes and incredible stories set to come from the 2026 Olympic Winter Games. As the leading destination for sports audio, we’re excited to deepen the connection between audiences and the athletes they love.”

Industry News

KFGO’s Don Haney and MPR’s Gunderson Retiring

Two of the Fargo-Moorhead market’s longest-serving news pros are retiring. KFGO, Fargo’simg Don Haney and Minnesota Public Radio’s Dan Gunderson will leave their respective employers over the next 10 days. Both news pro spoke with Forum Communications’ The Forum about their careers. Haney covered news in Fargo for nearly 50 years. He joined WDAY in 1982, then imgmoved to KFGO in 1995. Seventy-two year old Haney has been working part time with KFGO since last spring. Gunderson, who joined MPR in 1987, say he got into journalism because he enjoyed writing so much. About his radio work he says, “I liked the idea of taking voices and sounds and putting them together in something interesting. It’s like a craft, where you take this raw material, interviews, and facts, and you try to make it into something meaningful.” See the Forum’s story here.

Industry News

WUSF, Tampa GM JoAnn Urofsky to Retire

After 33 years of service, WUSF-FM, Tampa general manager JoAnn Urofsky will soon retireimg from the public media organization based at The University of South Florida, capping a career of 45 years in radio and public media. She says, “My time at WUSF has been incredibly rewarding. I am proud that our commitment to public service – building community through trusted journalism, classical music, jazz, and culture – has remained steadfast. As I step away, I’m confident this mission is in excellent hands with a new generation of talented leaders and innovators dedicated to serving the community through public media.”

Industry News

Richmond to Lead Bonneville Sacramento

Bonneville names Jim Richmond SVP and market manager for its Sacramento station group that includes sports talk KHTK-AM, “Sactown Sports” and three music brands. Richmond has been serving as director of sales for the company’s Seattle operations since September of 2020.img Bonneville president and COO Tanya Vea says, “I’m thrilled for Jim to take on this leadership role in Sacramento. This market has a great lineup of stations, a strong digital sales business, and wonderful employees. Jim has shown himself to be an excellent leader, and his background is the perfect fit. I’m confident that he will build on the strengths of the market, developing the business and the culture at Bonneville Sacramento.” Richmond comments, “I’m honored to join the Sacramento team. These stations have a meaningful connection to the community, and I look forward to supporting our people, growing our digital presence, and serving listeners wherever they are across every platform with purpose and innovation.”

Industry News

WWO: Importance of Branding Early and Often

This week’s Cumulus Media | Westwood One Audio Active Group blog addresses creative best practices related to branding. Blog author Pierre Bouvard writes that when a campaign fails to get the desired brand lift or poor website traffic, usually creative is the issue and your campaign is failing to “brand early and often.” He recommends the following analysis procedure: 1)img Conduct a “brand early and often” creative audit: Watch/listen to all your ads. Check off if your brand is mentioned in first two seconds and if there are at least five or more audio track brand mentions in 30-second ads; 2) You can look away but you cannot shut your ears: In video ads, audio branding does all the brand recall heavy lifting; 3) Audio case studies reveal implementing the “brand early and often” creative best practice generates stronger purchase intention and increased brand lift and website attribution; 4) Do you want your brand association and recall to explode? Use a jingle with melody that says the name of your company; and 5) Don’t blame the media plan or media vendors for weak attribution and brand lift: Usually creative is the issue and the ad copy fails to “brand early and often.” See the full blog post here.

Industry News

Cumulus’ WFNC Helps Promote Air Angels: Flight Helene Film

img

Veterans Day (November 11) is the day of the world premiere of the Just Do GOOD Entertainment-produced film, Air Angels: Flight Helene, that honors the “everyday heroes who sprang into action during Hurricane Helene” in September of 2024. The film – which tells the inspiring stories of individuals who selflessly used their own aircraft, vehicles, time, and resources to rescue and support strangers stranded during the aftermath of catastrophic Hurricane Helene – premieres at Cameo Art House Theatre in Fayetteville, North Carolina and Cumulus Media’s news/talk WFNC-AM/HD2, Fayetteville is sponsoring the showing and station morning host Gilbert Baez – and Emmy Award-winning journalist and Army Rangers veteran – will host the screenings. Gilbert will offer his personal perspective of what it was like to film Air Angels this past summer and share his experiences with catastrophic storms. Baez says, “It’s going to be a pleasure to host the premiere of Air Angels in downtown Fayetteville. I’m also very proud that Cumulus agreed to be a media partner since I host a morning show on one of its stations. It’s exciting and an honor to work with Valerie Smaldone. For years, she’s been a well-known radio voice in New York. Now, Valerie is a tv and film producer who develops outstanding special programming.” Pictured above are (from l-r): Hannah Brown-Kitchens (strategic data analyst, Cumulus Media), Smaldone (co-founder Just Do GOOD Entertainment), Baez, and Tish Boden (VP/market manager, Cumulus Media).

Industry News

NPR & WBUR Announces Changes to “Here & Now”

NPR and WBUR, Boston announce three new appointments at that nationally syndicated midday news program, “Here & Now,” heard on 500 NPR member stations across the country.img Award-winning journalist Indira Lakshmanan is the new co-host of “Here & Now,” debuting in Late November alongside Scott Tong and Robin Young. Additionally, Peter O’Dowd, the senior editor who has stepped in regularly as a host for several years on “Here & Now,” takes on a new role as correspondent and regular fill-in host. And international news industry pro Allan Price joins to lead the team as the new executive producer. NPR says that according to Nielsen ratings data, “Here & Now” is the third most-listened-to NPR news program after “Morning Edition” and “All Things Considered.”