Industry News

Audacy Launches Wisconsin Sports Radio Network

Audacy unveils the new Wisconsin Sports Radio Network, which the company says “will unite the state’s biggest sports voices, markets and fans onto a statewide platform produced and distributed by Audacy.” Audacy Wisconsin SVP and market manager Jason Bjorson says, “The Wisconsin Sports Radio Network brings our state’s passion for sports under one roof. With ‘Theimg Fan’ leading the charge and these powerhouse affiliates joining forces, fans from Green Bay to Duluth can now experience the best local sports conversation anywhere in Wisconsin.” Audacy’s WSSP-FM, Milwaukee “105.7 The Fan” is serving as the network flagship. The daily program lineup include: “Inside Wisconsin Sports” with Trevor Thomas and Josh Albrecht (6:00 am to 9:00 am); “Nine2Noon with Kuhn” with John Kuhn, Ramie Makhlouf, and Brandon Sneide (9:00 am to 12:00 noon); “The Mason Crosby Show” with Mason Crosby, Mitch “Thunder” Nelles and Tommy Wortz 12:00 noon to 2:00 pm); “Wisconsin Sports Daily” with Steve “Sparky” Fifer and Charlie Uczen (2:00 pm to 5:00 pm); and “Wisconsin Sports Wrap Up” hosted by Tommy Wortz (5:00 pm to 6:00 pm). Initial affiliate stations include Midwest Communications’ WNFL, Green Bay WRIG-AM/FM, Wausau; and WDSM-AM, Superior.

Industry News

“Hello Future” Launches on iHeartPodcasts Network

Premiere Networks and veteran journalist and mtf.tv founder Kevin Cirilli partner for a new podcast titled, “Hello Future with Kevin Cirilli,” to be featured on the iHeartPodcasts platform. “Hello Future” is described as “a daily podcast where tomorrow’s biggest questions come alive.img With topics ranging from Mars and UFOs to flying cars and ‘civilization starter kits,’ each episode blends science, technology, and imagination with the real choices shaping our world.” For example, on this week’s program Cirilli welcomes Harvard astrophysicist Dr. Avi Loeb for a conversation about comet 3I/ATLAS, alien tech, and the future of space exploration. He also chats with Rich Cooper, vice president of strategic communication and outreach for Space Foundation, about America’s $1 trillion space economy and why investing in space isn’t just about exploration – it’s about building America’s economic future. Premiere Networks president Julie Talbott states, “We’re thrilled to welcome ‘Hello Future’ to the network. With years of experience as a journalist covering global affairs, technology and policy, Kevin has the unique ability to connect the dots between science and the future for listeners who crave bold ideas and fresh perspectives on what’s ahead.”

Industry News

“Family Matters” and “Next Role” Join Cumulus Podcast Network

Cumulus Media’s Westwood One today announces two additions to the Cumulus Podcast Network. The “Family Matters” podcast is hosted by CJ Pearson and “tackles the most pressing social, cultural, and political issues in America as told from a perspective rarely heard in podcasting: conservative, culturally aware, and authentically Black.” Pearson says, “Joining the Cumulus Podcast Network is a huge moment for ‘Family Matters.’ We’re bringingimg unapologetically conservative, culturally aware, and authentically Black voices to the forefront – voices that have been ignored for far too long. This show is about faith, family, freedom, and fearless truth-telling. I’m proud to be part of a network that values bold ideas and real conversations, and I can’t wait to shake things up.” Separately, Cumulus announces that “The Next Role with Vernon Davis” also joins the Cumulus Podcast Network. Former NFL star and Super Bowl champion turned actor and producer Vernon Davis’ podcast focuses on career transition and reinvention. Davis says, “The Next Role is more than a podcast – it’s a movement. I created this show to highlight the courage it takes to reinvent yourself, especially after a career in the spotlight. Partnering with the Cumulus Podcast Network gives me the platform to amplify these powerful stories and connect with listeners who are navigating their own transitions. I’m excited to bring these conversations to life and inspire others to embrace their next chapter.” 

Industry News

Skyview Networks Promotes Four Executives

Skyview Networks president & CEO Steve Jones announces executive promotions that include Andrew Kalb being elevates to EVP, business development and communications; Clayton Nix rising to EVP, finance; Aaron Mellis promoted to SVP, technology; and Renee Smith taking on the SVP, corporate affairs role.

Industry News

Skyview Networks Promotes Two

Skyview Networks promotes Kristin Krahl and Howard Davis to the new roles of vice president, revenue and performance strategy. Skyview says this announcement reflects the evolving structure of their sales organization. “Kristin, Howard and Patrick Cannon, SVP, sales operations, will help guide our sales team as a unified leadership group. Patrick has been a steady hand throughout this period of transition, providing consistent support and leadership toward our goals. Together, the three will continue to shape our strategy, execution, and performance across the sales organization.”

Industry News

Salem Brings Australian Erin Molan to Podcast Network

imgSalem Media Group recruits Australian media personality Erin Molan to host an eponymous podcast for the Salem Podcast Network. Molan says, “The American market has always felt like such a natural fit. The focus on my former show on Sky News Australia was always more heavily skewed towards foreign affairs, U.S. politics, national security, and COMMON SENSE! When clips started to go viral in the United States, I figured there was an appetite there for what I had to say!” Salem SVP spoken word Phil Boyce comments, “I really believe Erin Molan is the ‘thunder from down under.’ She is fighting hard for the right side in Australia, and now we are helping her make her case to the U.S. and beyond. She is a strong advocate for Israel and against anti-Semitic rhetoric, so I can’t wait to hear her get started.”

Industry News

Saga’s Net Revenue Falls 5% in Q2

Saga Communications reports its operating results for the second quarter of 2025 says net revenue was $28.2 million, a decrease of 5% from the same period in 2024. Station operating expense decreased 4.6%img for the quarter to $22.2 million compared to the same period last year. For the quarter, operating income was $1.4 million compared to $2.1 million for the same quarter last year and station operating income decreased 6.4% to $6.0 million. Saga reports net income of $1.1 million for the quarter compared to the net income of $2.5 million it reported in the second quarter of 2024.

Industry News

Cumulus Q2 Net Revenue Falls 9.2%

Cumulus Media reveals operating results for the second quarter of 2025 and reports net revenue of $186 million, a decline of 9.2% from the same period in 2024. The company’s net loss shrunk to $12.8 million compared to the $27.7 million it reported in Q2 of 2024. Cumulus president and CEO Mary G. Bernerimg says, “While the advertising backdrop for legacy media remains challenging, in the quarter we continued to outperform our radio peers, gaining market share across all broadcast spot revenue channels. We also significantly outperformed in digital, delivering double the growth rate of our radio peers, driven by the 38% year-over-year increase in our digital marketing services business. Additionally, we executed $5 million of annualized cost reductions, bringing total annualized cost reductions to $175 million over the last 5 years. These results underscore our disciplined focus on optimizing performance and investing in growth opportunities despite capital constraints. Looking ahead, while we do not expect near-term relief from market headwinds, we are confident in our ability to position the business for long-term success through strong execution and by capitalizing on the Company’s valuable underlying assets.”

Industry News

WGN’s Dave Eanet to Retire; Andy Masur Named AM Sports Anchor

WGN Radio morning drive sports anchor Dave Eanet is retiring from his role on the Bob Sirott morning show. The station announces that Andy Masur will assume the sports anchor position effective August 28. Eanet is not retiring from broadcasting as he’ll continue as play-by-play voice for Northwestern Wildcatimg football and men’s basketball games broadcast on WGN and he’ll also serve as a fill-in anchor on the WGN-TV sports desk. Eanet says, “Can’t believe it’s been 41 years since I first set foot in the WGN studios. As I close this chapter of my career, imgthe word that comes to mind is ‘grateful.’ I’m so thankful to the entire WGN family for their friendship and support over the years. It’s not just the names you know, but the entire crew on and off the air. I’m forever indebted to the managers, engineers, producers, newspeople, sales team, and all the others who have made WGN such a special place to work. Most of all, I’m thankful to the listeners who have a special relationship with this station.” WGN Radio VP and general manager Mary Sandberg Boyle says, “I am thrilled to share that our own Andy Masur will assume morning show sports duties going forward. Andy is a talented broadcaster who has built a rapport with the WGN Radio audience as a regular fill-in for Dave and as our weekend sports anchor. We are lucky to have him.”

Industry News

Townsquare Media Q2 Net Revenue Down 2.3% as Income Rises

Townsquare Media reports net revenue of $115.5 million in the second quarter of 2025, a decline of 2.3% from the same period in 2024. However, the company posts net income of just over $2 million afterimg reporting a net loss of $48.8 million in the same quarter a year ago. Townsquare reports revenue in segments and the broadcast advertising segment saw net revenue of $48.7 million, a decrease of 9.2% from the same quarter in 2024. The company’s digital advertising segment’s net revenue was $42.5 million, an increase of 2.4% over Q2 of 2024.

Industry News

New Frequency, Same Mission: iHeartMedia Norfolk Announces the Debut of the New BIN 92.1 FM, Norfolk’s Black Information Network

iHeartMedia Norfolk announced today (7/25) the debut of BIN 92.1 FM, Norfolk’s Black Information Network, effective immediately.  The Black Information Network has transitioned from 105.3 FM (WNOH) to its new home at 92.1 FM (WHBT), where it will continue delivering what is described as “nonstop, reliable news coverage shaped by the Black community.”  According to iHeartMedia Norfolk market president, Denene Moore, “Listeners can count on the same high-quality journalism, in-depth reporting, and culturally relevant storytelling—now on 92.1 FM and available on the iHeartRadio app.”  Moore continues, “BIN has become a vital voice in communities across the country, and we’re proud to continue that trusted news and perspective here in Norfolk. This move ensures that our listeners have access to the stories that matter most, told through a lens that reflects their experiences and voices.”

Industry News

Audacy’s KRLD and Texas State Network Providing Flood Information

Audacy says that its Dallas news/talk station KRLD-AM “NewsRadio 1080” and Austin news/talk KJCE-AM have been keeping Texans informed since the deadly floods began in the early morning of July 4. The company says that “NewsRadio 1080” and Texas State Networks reporter Christopher Fox has beenimg tirelessly reporting from along the river between Kerrville and Centerpoint, Texas, “delivering succinct and informative reports on NewsRadio 1080, additional Audacy stations, and various CBS affiliates across the country. His Texas State Network reporting includes hourly newscasts reaching over 100 affiliates in 86 markets.” KRLD brand manager and Audacy news/talk foremat vice president Drew Anderssen says, “‘NewsRadio 1080’has been a critical lifeline for Texans. Our commitment to timely and essential news, weather and traffic information never wavered in the early days of this tragedy, over the 4th of July holiday weekend, and we are committed to continuing our compassionate and impactful coverage in the days ahead.”

Industry News

Black Information Network Celebrates Five Years on Air

Monday (6/30) marked the fifth anniversary of the launch of BIN: Black Information Network, what iHeartMedia calls “the first and only 24/7 national and local all news audio service dedicated to providing an objective, accurate and trusted source of continual news coverage with a Black voice and perspective.” The company says, “What began on June 30, 2020, has grown into an essential source of trusted journalism,img storytelling and community engagement. Over the past five years, BIN: Black Information Network has achieved remarkable milestones, including: Surpassing 19 million monthly listeners, a reflection of BIN’s growing influence and strong connection to its target audience; expanding BIN News content to over 100 broadcast radio stations across the U.S., making BIN one of the most widely distributed, Black-focused news audio platforms in the country; and delivering news coverage tailored to 65 of America’s largest Black communities, with reporting that reflects the local realities, perspectives, challenges and triumphs.” BIN president Tony Coles adds, “BIN: Black Information Network has become a trusted and indispensable voice for Black communities in America. In just five years, we’ve transformed how local and national news reaches our audiences. We are giving a voice to the stories that have gone untold for too long. We are providing freedom to journalists to pursue meaningful reporting – and we’re just getting started.”

Industry News

Premiere Networks Personalities Celebrate Gracie Awards

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Premiere Networks syndicated personalities and podcasters Angela Yee and Amy Brown were honored at the Alliance for Women in Media Foundation’s 50th Annual Gracie Awards at the Beverly Wilshire Hotel in Los Angeles Tuesday night (5/20). Additional iHeartMedia honorees included Hannah Storm and Ester Dillard from BIN: Black Information Network. Pictured above are (from l-r): iHeartMedia executive vice president of programming Thea Mitchem, Yee, Premiere Networks president Julie Talbott, Brown, Brown’s daughter Stachira Brown, Premiere Networks vice president of international business development Tanya Juhasz, and Dillard.

Industry News

Urban One Net Revenue Falls 11.7%

Urban One reports operating results for the first quarter of 2025 and reveals net revenue was $92.2 million, a decline of 11.7% from the same period in 2024. Broadcast and digital operating income was approximately $23 million, a decrease of 28.1% Q1 of 2024. The company reports a net loss of approximately $11.7 million compared to the net income of $7.5 million it reported a year ago. Urban One CEO and president Alfred C. Liggins, III says, “First quarter results were broadly in line withimg expectations: core radio advertising finished at -12.4% excluding digital, and Cable TV advertising was -6.3%. Our cable TV ratings stabilized significantly in the first quarter of 2025 and are performing in line with our 2025 budget. Second quarter core radio advertising pacings have weakened over the past several weeks and are now -8.7%. Our first quarter 2025 digital revenues were down 16.1% driven by expected weakness in streaming and podcasting revenues. Based on our year-to-date performance, we reaffirm our full year guidance of $75 million in Adjusted EBITDA. Our cumulative debt repurchases so far in 2025 are $88.6 million at an average price of 53.9%, resulting in reduced gross debt of $495.9 million, and we currently have approximately $79.8 million of cash on hand. In a challenging marketplace, our focus remains on controlling costs, managing leverage and retaining a strong liquidity position.”

Industry News

The Ramsey Network’s Ken Coleman Publishes New Book

Ken Coleman, author and Ramsey Network personality, has published his latest book, Get Clear Career Assessment: Find the Work You’re Wired to Do Student Edition, published by Ramsey Press.img The book includes access to the Get Clear Career Assessment — a tool to help teens discover their top talents, passions and mission. Coleman says, “Every student has incredible potential, but they often don’t know where to start. This book is about helping them discover their unique strengths and passions — so they can step forward with a clear vision and the confidence to pursue the work they’re meant to do.” Coleman is a three-time bestselling author and a co-host of “The Ramsey Show.” He also hosts “Front Row Seat,” part of The Ramsey Network, that debuted in January and has accrued more than 50 million views. The show “dives deep into the untold truths behind success through unfiltered conversations with top achievers.”

Industry News

Townsquare Media Q1 Net Revenue Dips 0.5%

Reporting its operating results for the first quarter of 2025, Townsquare Media says net revenue for the period was $98.7 million, a decline of 0.5% from the same period in 2024. Townsquare breaks its report into segments and it’s worth noting that Broadcast Advertising net revenue was $41.3 million, a decrease of 9.1% from the same period in 2024, while Digital Advertising net revenue increased 7.6%,img and Subscription Digital Marketing Solutions net revenue increased 4.2%. Townsquare CEO Bill Wilson says, “I am pleased to share that Townsquare’s first quarter results met or exceeded our previously issued guidance, driven by imgthe continued strength of our differentiated digital platform. Additionally, this morning we are reaffirming our 2025 full-year guidance for both net revenue and Adjusted EBITDA. In the first quarter, net revenue decreased – 0.5% year-over-year excluding political, and -1.0% in total, meeting our guidance, and Adjusted EBITDA increased +6.2% year-over-year excluding political, and +3.5% in total, exceeding our guidance. In addition, net income declined $3.1 million year-over-year. Digital is and will continue to be Townsquare’s growth engine, and we believe Townsquare’s ability to drive profitable, sustainable digital growth is a key differentiator for our company, and consistent with our strategy of being a Digital First Local Media Company principally focused on markets outside the Top 50 in the U.S.”

Industry News

“Wellness Unmasked” Launches on CTBS Podcast Network

Premiere Networks announces that The Clay Travis & Buck Sexton Podcast Network debuts theimg “Wellness Unmasked with Dr. Nicole Saphier” program, effective Tuesday, May 13. Dr. Saphier serves as a FOX News contributor, is a New York Times best-selling author, and a board-certified physician. She says, “I am thrilled to join the dynamic Clay & Buck team as we launch ‘Wellness Unmasked,’ a podcast dedicated to cutting through the noise and delivering honest, science-based insights on all things health and wellness. Together, we will empower listeners with knowledge to live their best lives.”

Industry News

Key Networks to Syndicated Audio from NewsNation’s “CUOMO Town Hall”

Key Networks is partnering with cable news network NewsNation to syndicate a radio simulcast of NewsNation’s primetime two-hour special, “CUOMO Town Hall: The First 100 Days,” that will air liveimg on Wednesday (4/30) from 8:00 pm to 10:00 pm ET. The special is being moderated by anchor Chris Cuomo, along with Bill O’Reilly and Stephen A. Smith, plus a live phone interview with the president. The program originates from New York and will showcase Trump administration officials including Health and Human Services Secretary Robert F. Kennedy Jr., alongside leaders of the Democratic Party. The town hall will be held in front of a live studio audience comprised of Democrats, Republicans, and independent voters.

Industry News

Black Information Network Launches Black Maternal Health Campaign

iHeartMedia’s BIN: Black Information Network launches a new special public awareness campaign focusing on the critical and urgent issue of Black maternal health. The campaign is titled, “Saving Black Moms: A Maternal Health Crisis,” and will “shine a light on the issue of Black maternal health and advocateimg for change through an integrated media campaign including special on-air reports, news features, public service announcements, social media engagement, a dedicated microsite, and community partnerships.” BIN president Tony Coles says, “As a network committed to amplifying underrepresented voices, it is our responsibility to shine a light on the alarming disparities that Black women face before, during and after childbirth. This campaign is about advocacy, action, and partnership. By working with trusted community organizations and The BIN Local Roundtable, we can help raise awareness and ensure every Black mother receives the care and support she deserves.”

Industry News

Wisconsin’s Civic Media Network Announces Program Changes

Civic Media owns and/or operates 20 signals across the state of Wisconsin airing its news/talk programming and announces a new weekday lineup for the network. First is a new morning show, “Mornings with Pat Kreitlow,” hosted by the founding editor of Courier Newsroom’s Wisconsin digital media outlet, UpNorthNews. The company says several existing morning shows will be folded into the new program, while new voices will be added in other communities around the state to provide the best mix ofimg state and local information. Earl Ingram, host of “The Earl Ingram Show,” will join “Mornings with Pat Kreitlow” on 540AM WAUK in Milwaukee and appear as a regular guest on other network shows. In other moves, “Matenaer On Air” with Jane Matenaer and Greg Bach shifts one hour earlier, airing from 9:00 am to 11:00 am. “The Thom Hartmann Program” returns to its live air time (11:00 am to 2:00 pm). “The Todd Allbaugh Show” moves to 2:00 pm to 4:00 pm and “The Maggie Daun Show” now airs from 4:00 pm to 6:00 pm. Civic Media CEO Sage Weil says, “We are excited to bring a more robust and flexible morning show to the state, and to reposition our best shows to serve our uniquely Wisconsin audience. This new approach will provide the flexibility to spotlight our local voices that focus on what is happening in our local communities, from Earl Ingram in Milwaukee to Chad Holmes in Wausau, and to share that content both on and off the air.”

Industry News

Pat Boyle to Host Overnight Show on Infinity Sports Network

Audacy adds “The Pat Boyle Show” to its Infinity Sports Network, airing in the 2:00 am to 6:00 am ET daypart. Ryan Hurley, brand manager for Infinity Sports Network and WFAN, says, “We are happy to haveimg Pat continue to bring his passion to Infinity Sports Network, this time on a nightly basis. He puts everything he has into entertaining his audience, keeping them informed and involving them in his show for a great listening experience.” Since 2019, Boyle has held multiple positions at WFAN and Infinity Sports Network, serving as a host, anchor, and producer. He currently co-hosts, “Sunday’s Bets” on Audacy’s BetMGM Network and anchored the eight-hour NFL show “Gridiron Gameday with Pat Boyle.”

Industry News

Hubbard Officially Launches Gamut Podcast Network

Hubbard Radio announces the official launch of the Gamut Podcast Network, what it calls “a dedicated podcast division that represents a bold and strategic expansion into the ever-evolving world of on-demand media. Gamut now stands as the third foundational pillar of Hubbard’s media strategy – alongside its legacy terrestrial radio operations and its digital marketing arm, 2060 Digital.” The company notes thatimg many of the shows within the Gamut Podcast Network have already been established across Hubbard’s markets, but this marks a transformation: from podcasts as supplemental to radio, to podcasts as a focused, scalable business in their own right. Hubbard CEO Ginny Hubbard states, “The launch of Gamut is more than a rebrand; it’s a pivotal evolution for our company. By establishing Gamut as a core component of our business, we are embracing the future of media and ensuring Hubbard’s relevance for the next century.” John Goforth joined Hubbard in August and is serving as vice president and general manager of Gamut Podcast Network. He says, “Gamut is designed to reflect both where the industry is and where it’s going. Yes, we’re building a national powerhouse – but we’re just as focused on lifting up unique voices and staying true to the communities we serve. It’s about reach and relevance. That balance is what makes Hubbard special, and it will make Gamut special too.”

Industry News

Audacy Regional President Doug Abernethy to Exit Company

Audacy regional president Doug Abernethy announces that he is leaving the company after a 10-yearimg stint, effective May 9. In a memo to fellow staffers, Abernethy says, “It has been a privilege to work alongside you during the past 10-plus years with the company, and for some, my 36 years in the industry. Each market, team and person I have had the pleasure to work with has made a lasting impression on me. I am incredibly proud of what we accomplished together and confident in your continued success.”

Industry News

Urban One Reports Q4 ’24 Net Revenue Down 2.7%

Urban One, Inc reports its operating results from the fourth quarter of 2024 and reveals net revenue was approximately $117.1 million, a decrease of 2.7% from the same period in 2023. The company reported an operating loss of approximately $1.9 million for the quarter, compared to operating income of approximately $6.8 million for the three months ended December 31, 2023. Broadcast and digitalimg operating income was approximately $38.6 million, an increase of 1.7% from the same period in 2023. Net loss was approximately $35.7 million for the quarter, compared to net loss of $11.0 million for the same period in 2023. Urban One CEO and president Alfred C. Liggins, III states, “Our Adjusted EBITDA of $103.5 million came in at the mid-point of guidance, helped by strong political advertising revenues in the radio division. The radio outperformance was offset by declines in both advertising and affiliate revenues at the cable TV segment, as audience delivery continued to underperform expectations. We are however seeing some stabilization in the first quarter cable TV delivery, which should help to mitigate the continuing decline of linear TV subscribers. First quarter core radio revenue demand weakened, with pacings down 13.6%, although the second quarter is showing signs of improvement, with core pacings currently down 1.7%.”

Industry News

Beasley Reports 2024 Q4 Net Revenue Up 2.3%

Beasley Broadcast Group reports operating results for the fourth quarter of 2024 and for the full year of 2024. For Q4 of 2024, Beasley reports revenue of $67.3 million, an increase of 2.3% over the same period in 2023. The company reports a net loss of $2.06 due to a $98.8 million of non-cash impairment losses. For the full year of 2024 Beasley reports revenue of $240.3 a decline of 2.7% from the full year of 2023.img Beasley CEO Caroline Beasley says, “2024 was a transformative year for Beasley as we took decisive actions to strengthen our balance sheet, streamline our operations, and position the company for long-term success. Through disciplined cost management and strategic capital initiatives, we achieved approximately $20.0 million in annualized expense reductions, improved our leverage profile, imgand enhanced our financial flexibility. These efforts, combined with the continued momentum of our digital business—now representing nearly 20% of total revenue—have reinforced our ability to navigate industry challenges while capitalizing on new growth opportunities in audio and digital media. As we enter 2025, we remain focused on executing our strategy to drive sustainable revenue growth, expand our digital offerings, and optimize our sales approach. We see substantial opportunities in harnessing data-driven insights, enhancing direct-to-consumer engagement, and providing our advertisers with cutting-edge marketing solutions. With a refined portfolio of premium brands, a leaner and more agile cost structure, and a strengthened financial foundation, Beasley is well-positioned to accelerate our digital evolution and deliver long-term value for our shareholders, audiences, and partners.”

Industry News

Black Information Network Launches Altadena Podcast Series

iHeartMedia and BIN: Black Information Network announced a new podcast series set to debut on March 24 titled, “To Altadena, With Love.” The five-part series focuses on the devastating impact of the Eatonimg fires on the historic Black middle-class community of Altadena, California. The company says, “This groundbreaking series will explore the significance of Altadena, its legacy and the personal stories of survivors and community members who lived through one of the region’s most destructive natural disasters.” The series is hosted by Black Information Network journalist Mimi Brown.

Industry News

Saga Communications 2024 Q4 Net Revenue Falls 1.3%

Saga Communications is reporting its operating results for the fourth quarter of 2024 and for the full year of 2024. The company says net revenue for Q4 was $28.8 million, a decline of 1.3% compared to the same period in 2023. Station operating expense increased 4.1% for the quarter to $24.3 million comparedimg to the same period last year. Saga reports net income of $1.3 million for the quarter compared to net income of $2.5 million for the fourth quarter last year. For the full year of 2024, net revenue was $110.3 million, a decrease of 2.2% from the full year 2023. Net income was $3.5 million for the full year of 2024 compared to $9.5 million for the full year of 2023.

Industry News

Bay Area Radio Vets Launch Digital Sports Talk Network

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A group of Bay Area radio personalities are getting together to launch a digital sports talk network called Bay Area Sports Collective. Former KNBR, San Francisco personalities Tom Tolbert, Paul McCaffrey, and John Lund, along with former KNBR PD Jeremiah Crowe are co-founding the network that will initially feature three podcasts that will also be broadcast live on YouTube. The network debuts today with “The Tom Tolbert Show,” “Paulie Mac’s Particles” and “John Lund Unleashed.” Crowe will direct business operations, marketing, and sales for the sports podcast network. Additionally, the new podcast network features daily on and off-air contributions from Tony Rhein and Daniel Ogden, both longtime Bay Area radio producers. Crowe says, “This announcement marks the dawn of a new day for the underserved Bay Area Sports fan. They deserve better. We are thrilled to launch The Bay Area Sports Collective with three very influential, entertaining, and experienced hosts who all remain dedicated to their craft. We are open to additional shows and talent joining our network in the future and look forward to scaling our unique talent-friendly business model into additional markets. Multiple professional Sports franchises have already expressed strong interest in migrating programming to our network, and local blue-chip advertisers have also contacted our team. We are excited to open the floodgates and provide Bay Area Sports fans with a more convenient way of finding their favorite shows, whether live or on-demand. This is the future of sports entertainment.

Industry News

Cumulus Media Reports 2024 Q4 Net Revenue Dips 1.2%

Reporting its operating results for the fourth quarter of 2024 and for the full year of 2024, it says net revenue for Q4 was $218.5 million, a decrease of 1.2% from the same period in 2023. For the full year of 2024, net revenue was $827 million, a decrease of 2.1% from the full year of 2023. The company posts a net loss of $283.3 million for 2024 “compared to net loss of $117.9 million, reflecting a 2024 pre-tax non-cashimg 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 imgmargin 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.”

Industry News

KDKA-TV Talk Host Jon Burnett Dies; Donates Brain to Science

KDKA-TV, Pittsburgh talk host and weatherman Jon Burnett died on February 19 at the age of 71. SportSkeeda reports that Burnett died from complications for CTE (Chronic traumatic encephalopathy). He’dimg been diagnosed with suspected CTE two years ago and joined the National Sports Brain Bank at the University of Pittsburgh. He told “Pittsburgh Today Live” at the time, “If I can help anybody on this road, who is on this road or will be on this road in the years ahead, I feel better about being able to do that and being able to learn from my experiences.” Burnett played sports throughout his childhood and played college football at the University of Tennessee. (Photo: KDKA)  Read the SportSkeeda story here.

Industry News

Red Apple Audio Networks Announces Syndication of “The Rush Hour with James Golden (a.k.a. Bo Snerdley)”

Red Apple

Red Apple Audio Networks has added “The Rush Hour with James Golden (a.k.a. Bo Snerdley)” to its growing roster of program offerings. The one-hour daily show airs live weekdays in afternoon drive from 4:00 -5:00 pm ET.  Golden delivers updates on the top news stories of the day, along with a smattering of music from that day in music history to rejuvenate listeners after a day’s work. Company sources say, “Listeners are not only well-informed, they’re also bopping and singing all the way home.”  Golden gained nationwide fame as Bo Snerdley, producer of “The Rush Limbaugh Show. The Rush HourSince then, he has solidified his position as a major radio host with notable audience share growth on flagship 77WABC in New York (41% year-over-year) and impressive weekly TSL of 1 hour and 15 minutes*.  “I am looking forward to connecting every day with listeners in markets all across the U.S.,” Golden tells TALKERS. “During The Rush Hour, we take a look at events that occurred during the day, but we also take a break and have a little fun, too.” “James has attracted a loyal audience that continues to grow,” stated John Catsimatidis, owner of Red Apple Media, Red Apple Audio Networks, and 77WABC Radio. “Many of his listeners remember him from the Rush Limbaugh days, but the audience growth he is experiencing is solely on his own talent. His insights on politics, combined with his love for talk radio, has made him a phenomenal success.” In addition to “The Rush Hour,” Golden hosts a three-hour syndicated Saturday morning program, “The James Golden Show,” which launched into syndication last June. The show has amassed more than 30 affiliates, including five in the Top 50 DMAs. Both programs originate from the Red Apple Audio Networks flagship station, 77WABC Radio in New York. For information on any of Red Apple Audio Networks’ syndicated shows, stations may visit www.redappleaudionetworks.com or contact affiliation@redappleaudionetworks.com.

*Source: Nielsen Radio, New York Metro, P12+, Average Share, Weekly TSL, December 2023, December 2024.