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 of
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 
$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.”
reporter in 1974 and became an anchor in 1979, beginning a 35-year run as a morning drive and sports anchor. Countless Philadelphians came to know Donahue’s voice as he brought the news, traffic, weather, and much-longed-for snow days over the airwaves in his time at the station. He was also a fixture in the city’s sports radio scene, doing play-by-play for the Philadelphia Stars — the city’s USFL team in the 1980s — and was the TV and radio voice of Temple football and basketball for more than two decades.” Donahue retired from KYW in 2014 and was promptly inducted into the KYW Newsradio Hall of Fame. In 2000, he was inducted into the Pennsylvania Sports Hall of Fame.
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.”
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 
moved 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.” 
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.”
16% year-over-year decline in the percentage of Americans who say they get their news ‘often’ from apps like Instagram, Facebook, TikTok and X.2. In this rapidly changing landscape, consumers are increasingly turning to All News Radio for local news, trusted voices, and fact-based reporting.” Borelli cites as evidence for this Nielsen data indicating that Audacy all-news stations are up 11% versus last year and adds that’s coming off a presidential election year. Ben Mevorach is vice president of news at WINS, New York and he says, “As the number of places to get news continues to grow, the number of places to find news that is credible, trustworthy, and without bias is rapidly shrinking. People constantly tell us that 1010 WINS is their sole source for news they can trust.” 
Ciattarelli at the Crystal Point Yacht Club in Point Pleasant. The one-hour town hall will focus on the top issues impacting New Jersey and the proposed policies that Ciattarelli would implement across the state. Additionally, FNC’s Harris Faulkner will join Hannity and Ciattarelli to discuss the issues that matter most to New Jersey ahead of the upcoming gubernatorial election. FNC national correspondent Bryan Llenas will also be on site providing live updates on the event.
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.” 
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.”
to vice president of technical success. In this expanded role, Marshall will lead Quu’s technical support and implementation efforts, helping stations seamlessly integrate the company’s patented Visual Radio technology that enable broadcasters to display real-time music, content, and advertiser text and images wherever audiences listen.
examining the lifelong love affair of a fictional couple from childhood to old age – an emotional roller coaster ride reflecting the romantic ups and downs of a complex relationship. The tear-jerker is a departure from the heavy-hitting social commentaries that have made Gunhill Road a favorite among talk radio hosts and audiences for the past half decade. The intriguing group, formed in the late 1960s, is still going strong with core members Steve Goldrich, Paul Reisch, Brian Koonin, and Michael Harrison. Matthew B. Harrison produces the ensemble’s videos that employ leading-edge techniques and technology. Ms. Farber, who shares lead vocals on the song with Brian Koonin, is a talented singer, songwriter, and instrumentalist with a number of singles, albums and television commercial soundtracks among her credits. She is presently an advocate for the well-being of nursing home residents and organizer of initiatives to bring live music into their lives. 
in which Tirrell used the proceeds for personal expenses and gambling. Now, prosecutors say Tirrell has done pretty much the same thing again, getting investors to give him money to buy luxury tickets for events like the U.S. Open tennis tournament, Taylor Swift concerts, Indiana Fever games and football and baseball playoff games. Tirrell was to sell the tickets and pay investors their original investment plus a share of the profits. Prosecutors say Tirrell did pay some investors back but did so with money from new investors. In fact, they say Tirrell never made the ticket purchases and instead used the money for personal expenses and gambling. Tirrell worked as a sports talk host at KXLQ-AM, Des Moines and later at KXNO, Des Moines. 
platforms like radio, podcasts, streaming music services and satellite radio, with ad-supported audio representing 64% of total listening.” Breaking that down further, the study reveals that within the ad-supported audio universe, 
consumers spent 62% of their daily time with radio, 20% with podcasts, 15% with streaming audio services and 3% with satellite radio. Among 18-34 year-olds radio accounted for 43% of daily ad-supported audio time, where podcasts accounted for 31%. And adults 35+ spent 69% of daily ad-supported audio time listening to radio and only 16% listening to podcasts. Looking at listening based on radio formats (Nielsen PPM Cross-Market AQH Share. Q3 2025. Mon-Sun 6a-Mid), news/talk garnered a 10.6 share for Persons 18+ and a 12.0 share for Persons 35+, and a 6.1 share in the 25-54 demo. 
Show” rose three places to the #3 spot, behind NPR’s “NPR News Now” (#1) and “Up First” (#2). Kirk was slain in September 10 and new episodes of the program continue to be produced. Other talk radio related shows of note include: Cumulus Podcast Network’s “VINCE” drops two places to #13; iHeartRadio’s “The Clay Travis and Buck Sexton Show” drops two places to #16; and iHeartRadio’s “The Jesse Kelly Show” climbs three places to #49. 
Catsimatidis and others urged him to exit the mayoral race to give former Governor Andrew Cuomo a better chance of beating Democrat Zohran Mamdani. During his on-air conversation with Rosenberg, Sliwa “accused colleagues of betraying him” and he told Rosenberg WABC is “giving preferable treatment” to Cuomo. Catsimatidis later told the Post, “Regardless of all the news going around, I’ve always said great things about Curtis Sliwa, about how well he knows the city. But in a places like New York City where 70% of New York City are Democrats, the real Democrat is Andrew Cuomo, not Zohran Mamdani and Democrats should vote for Cuomo. Catsimatidis added, “I’ve never asked that he leave the race but recommended that a lot of other people have said he should.” Sliwa said on the air that he’s had to hire private security due to threats against him and his wife. “If anything happens to me or anything happens to my wife, because of this frenzy that I hear constantly coming from some of your colleagues there at WABC, it’s on you guys and you gals. My life is on the line here.” Sliwa’s radio show is currently off the air due to his active political campaign. 
Sports’ 24/7 network will continue to deliver unmatched live coverage, expert commentary, and real-time sports programming to millions of listeners nationwide. This extends a partnership between Westwood One and Audacy that first began with the launch of CBS Sports Radio in 2012.” Westwood One will assume programming 
and distribution for the majority of the lineup of syndicated sports programming, including “The Jim Rome Show,” anchoring the 3:00 pm to 6:00 pm ET daypart. Audacy will continue to produce BetMGM Network programs and additional weekend programming as part of the Westwood One Sports roster. The full programming lineup will be announced in the coming weeks. Audacy chief business officer Chris Oliviero comments, “Audacy and Westwood One have a long, storied history of collaboration,
and today’s evolution of our national sports partnership is that next chapter in our commitment to our hundreds of affiliates, their listeners, and our client partners. Be it local or national, broadcast or digital, opinion content or play by play, we continue to smartly look at ways to enhance our leadership position in sports content.” Westwood One & EVP corporate strategy & development, Cumulus Media Collin Jones adds, “Westwood One Sports has always been synonymous with the biggest moments in sports audio. Launching Westwood One Sports 24/7 programming strengthens that legacy and positions us to deliver unmatched coverage and commentary to fans coast-to-coast. We’re excited to work with Audacy to make this transition seamless and impactful.”
Ballroom on the eve of NAB Show New York. Some of the winners in spoken-word radio formats include: Premiere Networks’ Colin Cowherd for Network/Syndicated Personality of the Year; WJR, Detroit’s Mitch Albom for Large Market Personality of the Year; WHIO-AM/FM, Dayton’s Larry Hansgen for Medium Market Personality of the Year; WWNC, Asheville’s Mark Starling for Small Market Personality of the Year; WBAL-AM, Baltimore for News/Talk Station of the Year; and WXYT-FM, Detroit for Sports Station of the Year.
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.
charge inflated prices, according to a report by Reuters. At the heart of the complaint is the charge that Nielsen is providing access to the national broadcast radio ratings only if the client spends a lot of extra money on 
the separate local ratings. Cumulus argues that Nielsen’s policy forces them to buy ratings in U.S. markets where it doesn’t operate stations in order to have the complete national ratings data. Nielsen has stated that Cumulus’ suit is “entirely without merit” and “we will respond accordingly.” The complaint also says Nielsen is “degrading product quality, raising prices without justification and blocking competitors from gaining footholds in the industry.” 
Podcast Metrics. “The Joe Rogan Experience” again claims the #1 spot, followed by audiochuck’s “Crime Junkie” at #2, and The New York Times’ “The Daily” at #3. Other shows with news/talk radio and cable ties include: “The Charlie Kirk Show” rising 32 places to #17 following his slaying (new episodes are still being produced); “The Tucker Carlson Show” ranked #18; SiriusXM’s “The Megyn Kelly Show” followed at #19; and Ramsey Network’s “The Ramsey Show” ranked #29.