Salem Media Group reveals its operating results for the third quarter of 2025 and reports that net
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.
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,
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.”
JVC Broadcasting’s Florida Man Radio Network announces the return of “The Don Miller Show” to the weekday lineup airing live from 10:00 am to 1:00 pm. JVC Broadcasting calls Miller’s show “a powerful mix of street-smart insight, bold commentary, and real-life conversations. With
more than 20 years in Florida talk radio, Don Miller has built a reputation for being candid, unfiltered and deeply connected to the community.” Company market manager John Griffo says, “We’re thrilled to welcome Don back home to Florida Man Radio. He brings a voice that’s bold, thought-provoking, and completely authentic — exactly what Florida Man Radio is all about.” Flordia Man Radio is heard on WZLB, Ft. Walton Beach; WYOO, Panama City; and WYGC, Gainesville. JVC Broadcasting CEO John Caracciolo says there are more affiliate stations coming for the format. “Florida Man Radio is one of the most real and entertaining talk networks on the air right now,” said Caracciolo. “We’re building something different — live, local, and full of personality. This is talk radio the way it’s supposed to be, unfiltered and unafraid.”
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 traditional
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 
prior 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.”
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,
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 
(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.”
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.
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 same
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.
As New York City businesspeople prepare for Mayor-elect Zohran Mamdani to assume control of the city, some are saying they will re-locate their businesses from New York City for fear of how Mamdani policies will affect their bottom line. Red Apple Media and WABC owner John Catsimatidis is one of those. He is featured in a piece in Forbes in which he says, “I think a lot
of businesspeople are reducing their exposure to New York City.” He tells Forbes he’s looking for “friendly states.” “The key word is a commonsense place to do business in.” Catsimatidis, whose business interests include Gristedes supermarkets and a controlling share of D’Agostino stores, was irked by Mamdani’s promise of opening “cheap city-run grocery stores” in each of the boroughs. Catsimatidis tells Forbes, “‘We don’t have any profit margins,’ he says, explaining that his stores have been losing money for ‘at least two years.’ He blames the state of the city: ‘Shoplifting is up to an all-time high. A lot of stuff is being closed up, which means that it’s not easy for people to shop, so sales are down.’” Catsimatidis does not talk about his radio businesses in the article but given how much effort he’s put into covering local New York news and his hiring local talk hosts and journalists, it’s hard to imagine him running the radio stations from another state such as Florida. Read the Forbes story here.
Here are the most talked about stories of the past week (11/3-7) on news/talk radio and related talk media according to TALKERS:
Stories
People
To see the full TALKERS Stories, Topics, and People Charts, please click HERE.
The expansion of the relationship between Amazon Ads and iHeartMedia is something the latter says will “soon extend the scale and reach of broadcast radio to Amazon DSP.” Amazon says DSP is “an omnichannel media solution that simplifies the ad buying experience.” This new deal
provides advertisers using Amazon DSP access to iHeartMedia’s streaming audio portfolio. The companies add that access to iHeartPodcasts and the scale and reach of its broadcast radio stations will follow in 2026. Meredith Goldman is director, Amazon DSP, Amazon Ads and she 
says, “Our partnership with iHeart allows Amazon DSP customers to reach relevant audio audiences with simplified campaign management and unique measurement capabilities. Integrations like this enable advertisers to build more comprehensive omnichannel strategies that connect brands with consumers throughout their journey across media.” iHeartMedia chief business officer Liz Coffey adds, “Making iHeart’s premium audio inventory available through Amazon DSP, unlocks scale with deep listener engagement and proven performance. And with accessibility to Broadcast Radio inventory soon to follow, this partnership is another step in making broadcast radio behave like digital media; addressable, measurable, and available programmatically, so marketers of all sizes can buy with greater ease and consistency.”
The most discussed stories yesterday (11/5) on news/talk radio and related talk media according to TALKERS research:
New York City’s mayoral race was being watched across the country and Red Apple Media’s WABC, New York presented a bi-partisan Roundtable of its hosts and local political figures to analyze and discuss the race. Pictured above in the station’s Studio 77 in Manhattan are (from l-r): WABC owner and talk host John Catsimatidis; Rabbi Joseph Potasnik, co-host of 77WABC’s “The Rev & The Rabbi”; Fernando Mateo, NYC businessman, activist, and politician; Dominic Carter, host of the “Dominic Carter Show” on 77WABC; former New York Governor David Paterson; and former Congressman Anthony Weiner. Elsewhere, on the nationally syndicated “Erick Erickson Show,” media personality Megyn Kelly joined to discuss the New York City mayoral election and key races across the country. She and Erickson also explored Charlie Kirk’s influence, the future of the Republican Party, and its path forward. Former Vice President Mike Pence also appeared on the program to discuss his upcoming book, What Conservatives Believe. He and Erickson discussed Pence’s unique relationship with the late Dick Cheney, key accomplishments of the Trump-Pence administration, and the troubling rise of antisemitism on both the left and the right. Photo by Michelle Jerson
Fisher House Foundation is announcing a Veterans Day edition of “Together in Mission: The Fisher House Journey” is available to stations free of charge. The radio special is available to news/talk stations in varying lengths as well as a 30-minute public affairs show suitable for all radio formats in the U.S. and around the world. The three-hour, one-hour, 25-minute and 30-minute radio specials are hosted by longtime radio personality Larry O’Connor and features
stories of America’s heroes, the families who serve by their side, and how Fisher House plays a role in their journey. This program is appropriate for the entire Veterans Day Weekend and is a fitting, patriotic, and inspirational holiday programming alternative for all formats. Listeners will hear their emotional stories fighting for our freedoms, how they sustained their injuries, and the welcoming homes Fisher House provides for them and their loved ones while they endure their painful and painstaking recoveries. This year’s program features a special focus on the incredibly inspiring victories our wounded warriors enjoy on the field of competitive, adaptive sports. Fisher House supports the Wounded Warrior Games and the lnvictus Games as a vital part of the physical, emotional, and mental healing process for our wounded veterans. Listeners will hear about the riveting war stories detailing the injuries these heroes sustained, the ensuing medical and therapeutic healing process, right through the triumph on the field of international sports, as these brave veterans continue their dedication of service, representing America in international competition. For more information on this radio special, available cash and barter free, contact Larry O’Connor at 562.665.9537 or loconnor@fisherhouse.org.
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 in
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.”
Sports media pioneer Bob Trumpy – who got his start in sports talk radio at WCKY-AM,
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.
iHeartMedia promotes Grace Blazer to SVP of programming for its Miami market stations. iHeartMedia Miami EVP of programming Marc Chase says, “Grace is a powerhouse of programming excellence. Her ability to elevate brands, inspire teams and drive meaningful
results has made her an invaluable leader within iHeartMedia.” Blazer has been with iHeartMedia since 2013 and serves as national news, talk, and sports brand coordinator, news director for the Florida News Network, program director for Miami’s WIOD and WINZ, and program director for Tampa’s WFLA. Market president Shari Gonzalez adds, “At iHeartMedia Miami, we’re fortunate to have exceptional programming leadership, and Grace is a shining example of that excellence. With 12 years of unwavering passion, strategic vision and meaningful impact across our organization, Grace has consistently raised the bar. We’re thrilled to recognize her achievements and promote her to lead our dynamic cluster into the future.” Blazer comments, “I’m incredibly proud and excited to step into my new role at iHeartMedia Miami. iHeartMedia is a powerhouse of creativity and bold ideas, and I’m energized by the opportunity to help shape our Miami brands growth and collaborate with some of the most extraordinary programmers in the industry.”
By Holland Cooke
Consultant
The number of Americans asking Google for help with debt is way up. Delinquencies are surging. Credit scores are falling at the fastest pace since the Great Recession. Consumer
Confidence is down. Costco is mobbed.
Gasoline, eggs, now coffee. What DOESN’T cost more? Seen beef prices? Hamburger Helper sales are up double-digits year-over-year.
A client station asked me for something to pitch to a local credit union. So, I called-in “The Deal Detective.” He’s a frugal flatfoot, the lieutenant of low prices, a savings sleuth with a barcode scanner. He reads receipts like rap sheets. And he’s a stack of 60-second features.
Special for TALKERS readers: Help yourself, here.
They’re FREE, no paperwork, no national spot. Sell a local sponsorship and keep the money. It’s your license to bill. OK to use as stream cover-up spots, or on your station website (help yourself to the graphic). NOT “available wherever you get your podcasts.”
Holland Cooke (HollandCooke.com) is a consultant working the intersection of broadcasting and the Internet. Follow HC on Twitter @HollandCooke and connect on LinkedIn
iHeartMedia Denver confirms the news shared on social media by talk host Ross Kaminsky that TALKERS reported last week. On Monday, November 10, KOA will debut the “Ross Kaminsky on the News, with Jeana Gondek,” program from 6:00 am to 9:00 am. The show
follows the 5:00 am hour of “Colorado’s Morning News” anchored by Gondek. Michael Brown, former FEMA Administrator and nationally syndicated host of “The Situation with Michael Brown,” moves from sister KHOW to the 9:00 am to 12:00 noon daypart. The rest of the day’s local programming is Mandy Connell from 12:00 noon to 3:00 pm; KOA Sports with Dave Logan and Ryan Edwards from 3:00 pm to 6:00 pm, followed by “Broncos Country Tonight with Benjamin Allbright and Nick Ferguson.”
La Dolce Vita! WPHT, Philadelphia’s Dom Giordano teams up with travel company Conservative Tours to host a group of 60 listeners on a fabulous trip to Italy. Pictured above is Giordano taking in the sights in beautiful Calabria.
The Radio Hall of Fame inducted its 2025 10-member class of honorees last night (10/30) in Chicago that included Premiere Networks president Julie Talbott who is pictured above at left with fellow inductee and FOX Sports Radio star Colin Cowherd at right, as well as radio industry programmer and consultant Mike McVay (pictured below with RHoF co-chairs Dennis Green at left and Kraig Kitchin at right). 2021 Radio Hall of Fame Inductee Kim Komando served as emcee for the event.
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 Sliwa, John Catsimatidis, Andrew Cuomo, Sid 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.
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’re
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.
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 company
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.”
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.”
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 more
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.