Beasley Second Quarter Net Revenue Falls 4.8%
Net revenue for the second quarter of 2024 was $60.4 million, a decline of 4.8% from the same period in 2023. Beasley Broadcast Group’s net loss shrank from $10.4 million in Q2 of 2023 to $276,000 in the second quarter of 2024. Beasley CEO Caroline Beasley states, “Beasley’s second quarter results highlight the ongoing progress we are making to position the company for sustainable, profitable growth. The continued
success of our digital transformation strategy led to a 10.4% year-over-year increase in same-station second quarter digital revenue, partially offsetting ongoing challenges related to softness in the audio advertising spot market. Digital revenue accounted for nearly 22% of total second quarter revenue, in-line with our full-year 2024 goal of 20% to 25% of total revenue. On the new business front, our dedicated sales teams are leveraging the audience reach and engagement of our platform to attract new advertisers. We have and will continue to see the benefit of political revenue through the end of year, and at the same time, we are taking aggressive action to address near-term challenges through expense management initiatives, which drove approximately $2 million in expense savings compared to the prior year. We expect to achieve $10 million in annualized expense savings.”
located another device that had many if not all of the text messages. Those messages were produced to Smartmatic in the litigation. Newsmax also notes that it informed the Special Master that neither Ruddy nor any senior staff sought to hide text messages or emails, which in many cases were also collected from dozens of other Newsmax witnesses in the case and produced to Smartmatic. Newsmax separately filed a Motion for Sanctions against Smartmatic on May 13, 2024, and a Motion for Contempt against Smartmatic on July 16, 2024. Both of those motions remain pending. In its motions Newsmax argues that Smartmatic and its executives have misled Newsmax, the Special Master, and the Court about the Department of Justice’s ongoing criminal investigation into Smartmatic in which the agency alleges that Smartmatic and several of its senior executives participated in an international scheme involving a multi-million-dollar bribe allegedly made to an election official in the Philippines in exchange for the company getting nearly $200 million in contracts. 
-host John Lopez and producer Edward “Figgy Fig” Gilliard on KILT-AM “SportsRadio 610,” beginning August 19. KILT brand manager Parker Hillis comments, “We’re thrilled to have Reggie join ‘In The Loop’ as the newest host. He’s a natural talent whose on-air enthusiasm and innate ability to connect with an audience will make him the perfect fit here in Houston.” Adetula is a native Houstonian who returns home after nine years as the evening host and producer on Audacy’s KRLD-FM, Dallas “105.3 The Fan.” 
Wall Street investors do not put up money for traditional radio and television stations.
$22.2 million, a decline of 26.7% from the same period in 2023. Urban One CEO and president Alfred C. Liggins III states, “On a same station basis our radio division finished Q2 -5.6% excluding political, and -3.0% with political. We saw a sequential improvement in national revenues vs. Q1, which was offset by weaker local revenues. Q3 core radio revenue is currently pacing down 6.9% on a same station basis, down 5.1% including political, and up 7.0% overall. We are starting to see a significant uptick in political advertising revenues, and remain optimistic for the remainder of the year, which should benefit both our radio and digital divisions. Our Cable TV business continues to suffer from subscriber churn and audience delivery shortfall, impacting both advertising and affiliate revenues, although we are seeing a bounce-back in ratings and delivery in Q3. Our digital business experienced weaker advertising demand than prior year but remains well positioned for the second half of the year, particularly with political and CTV advertising. During Q2 we repurchased an additional $35.5 million of our 2028 notes at 78.0%, and we ended the quarter with approximately $132.4 million of cash.”
Foundation’s 9th Annual Event & Dinner at Mohegan Pennsylvania in Wilkes-Barre on September 20 in the Keystone Grand Ballroom. The theme of the event is “The Enduring Importance of the American Revolution” and will feature keynote speaker Jack Warren, author of Freedom: The Enduring Importance of the American Revolution (Lyons Press, 2023). Each year the Foundation presents its Atlas Award for Citizenship and this year’s honoree is Northeastern Pennsylvania businessman Christopher Hackett. Find out more about the event and how to attend at: 
7:00 pm to 8:00 pm. KRLD brand manager Drew Anderssen says, “Will’s unique perspective on today’s top headlines will be a welcomed addition to our revamped lineup on KRLD. We’re excited to expand his reach and introduce his wildly popular program to KRLD listeners in Dallas and nationwide via the Audacy app.”
and Macy’s. In this newly created corporate position, Snyder will be responsible for overseeing digital marketing and building revenue opportunities on behalf of the company with an emphasis on newsletters, SEO, websites and affiliate marketing as well as leading the developers working across the organization. Beasley CEO Caroline Beasley comments, “We could not be more thrilled to welcome Dave into the Beasley family. His marketing expertise is exactly what we need as we continue to build new revenue streams on behalf of the company.”
president and CEO Mary G. Berner says, “In the context of a challenging advertising environment, second quarter total revenue finished in line with our pacing guidance, down 2.5% year-over-year. However, our unrelenting focus on areas of the business that are in our control helped us to mitigate the impact of soft demand while also driving tangible progress in key priority areas. During the quarter, we grew our digital marketing services business by 24%, reduced fixed costs by $4 million, and continued to strengthen our balance sheet through the successful completion of our exchange offer, ABL upsizing, and the buyback of a portion of our remaining 2026 maturity debt. Looking ahead, while the advertising outlook remains uncertain, our advertisers continue to be focused on when – not if – they’re going to return to more typical spending levels. Fortunately, thanks to our success at extending our debt maturities, we have time on our side and the flexibility to pursue multiple paths to create shareholder value.”
Fanatic” to host the midday show, effective August 12. “97.5 The Fanatic” program director Scott Masteller says, “I am excited to welcome Mike back to the Fanatic. I know that both previous and new listeners will be anxious to hear his insight and perspective on Philadelphia Sports.” The company also announces that Bill Colarulo, a recent addition to the station, will join Mike Missanelli as part of the show’s new on-air lineup.
NAB Show New York on October 9. News/talk stations WLS-AM, Chicago and WLW-AM, Cincinnati are finalists for Legendary Station of the Year. WWTN-FM, Nashville talk host Dan Mandis is a finalist for Large Market Personality of the Year. KIDO-AM, Boise host Kevin Miller is a finalist for Medium Market Personality of the Year. The finalists for News/Talk Station of the Year are: WSB-AM, Atlanta; KRMG-FM, Tulsa; WLW-AM, Cincinnati; KDKA-AM, Pittsburgh; and WIBC-FM, Indianapolis. 
Mike Missanelli is a possible replacement. He writes, “Jonny Marks reported last week that the Mike/Fanatic reunion looks to be in place ahead of football season. My understanding is that 97.5 is also high on Bill Colarulo and Amy Fadool as new pieces. Colarulo hosts weekends and has filled in on P.M. drive while Fadool had been co-hosting alongside Cooney.” For his part, Cooney posted the following to Facebook: “Wanted to say thanks to all who listened over the years during my time at The Fanatic. Loved the conversations and getting to know a lot of you. They told me today they are moving in a different direction.”
Humility means to be teachable. It’s the most important trait of great leaders and managers. For years I looked forward to focus groups to reveal the top-of-mind awareness of media among listeners. These groups always reminded us of a listener’s life priorities which never included radio listening! They taught us the correct secular language to use in promos and slogans, and what they remembered versus what we wanted them to remember.
including radio over-the-air and radio streams. The next highest portion, 18%, was spent with owned music such as CDs and downloaded audio files, and 11% of their daily audio time went to streaming. Today, we see the increase in listening from linear sources to more on-demand audio sources such as YouTube for music or music videos (not the YouTube Music streaming service), and podcasts. Americans age 13+ now spend an average of 18% of their audio day listening to streaming music from sources such as Amazon Music, Apple Music, Pandora, and Spotify, 14% listening to YouTube for music, and 10% listening to podcasts. AM/FM radio still takes the largest portion of the audio day on a 13+ basis with 36%, driven heavily by in-car listening.” Edison director of research Laura Ivey adds, “A decade ago Share of Ear was created to answer the question, ‘What do Americans listen to?’ Today we can understand the listening patterns of Americans and see how audio sources have emerged to vie for our daily listening time. There are surely audio developments that we can’t even imagine that will impact our daily audio time over the next 10 years.” 
Horne to a full-time reporter position. Pamplin has spent the past 30-plus years with WDIV-TV as a photojournalist and reporter. Horne has been a part-time producer and 
reporter at WWJ since 2021. Previously, she was a weekday reporter and weekend fill-in producer at WLNS-TV. Audacy Detroit market manager Debbie Kenyon states, “We couldn’t be more excited for Tim to join our news team. We plan to leverage his renowned breaking news reports to provide our listeners with quality coverage of each day’s top stories. We’re also looking forward to supporting Darrylin in this new role as she applies her skillful storytelling in everything from feature stories to contributions on our digital platforms.”
relief pitcher – joined the afternoon drive show in August of 2022. Beasley Philadelphia cluster manager Paul Blake comments, “Ricky was a fierce competitor on the mound during his 12-year career in Major League Baseball. His grit, toughness, and strong work ethic make him an ideal co-host for our afternoon show on ‘The Fanatic.’ We’re thrilled to announce his renewal.” Bottalico says, “I am happy to be back with Tyrone and ‘The Best Show Ever.’ I will continue to work hard to bring my best every day. As a group, we are striving to be better every chance we get!”
Jersey for $133,000. The former sports talk outlet has been dark since late last year due to what at the time was reported as being the result of problems with its nighttime antennae. This deal leaves Townsquare with three signals in the Trenton market: news/talk WKXW-FM “New Jersey 101.5”; CHR WPST-FM, and religion WCHR-AM.
2025, at Cipriani 42nd Street in New York City. In commemoration of this golden milestone, AWMF unveils a newly refreshed logo, shown here. AWMF president Becky Brooks says, “As we approach the 50th Annual Gracie Awards, we reflect on five decades of tremendous progress made in advancing women in media. The Gracies have been a beacon of recognition for the incredible talents and contributions of women in our industry. Next year’s celebration is not only a tribute to our past but also a spotlight on the bright future ahead. We are eager to honor the trailblazers who have paved the way and the rising stars who continue to shape the media landscape.”
Many Americans have been, in the two years since the Supreme Court punted the issue down to the states. For suburban women voters in swing states, it is – by far – the number one issue, per a Wall Street Journal poll. It tipped 2022 midterms and 2023 elections and swung other elections in battleground states.
iHeartMedia is NBCU’s exclusive audio partner for the 2024 Summer Olympics, which kick off this week. In addition to listening to events on iHeartMedia broadcast radio stations, fans can tune-in to events through dedicated 24-7 digital stations – which include – NBC Olympics Radio Plus and NBC Olympics Radio – on the iHeart app. Among big events tomorrow (Saturday, 7/27) are: men’s/women’s swimming (NBC Olympics Radio Plus); men’s/women’s swimming finals (NBC Olympics Radio); women’s beach volleyball – USA versus Canada (NBC Olympics Radio); and men’s soccer – USA versus New Zealand (NBC Olympics Radio Plus). On Sunday (7/28), it’s men’s/women’s swimming finals (NBC Olympics Radio); women’s soccer – USA versus Germany (NBC Olympics Radio Plus); and men’s basketball – USA versus Serbia (NBC Olympics Radio).
Neer – a past PD and air personality at WNEW-FM – still serves as a weekend host on WFAN where he’s been a market staple for decades in addition to being an accomplished author of a series of “Riley King” murder mysteries as well as the historic evergreen FM: The Rise and Fall of Rock Radio (Villard Books, 2001). Chernoff still keeps his hand in both formats where he serves as a sports reporter and part-time DJ at Press Communications’ classic rock “107.1 The Boss” WWZY, Monmouth, NJ.