Industry News

Top News/Talk Media Stories This Past Week (December 15-19, 2025)

Here are the most talked about stories of the past week (12/15-19) on news/talk radio and related talk media according to TALKERS:

Stories

  1. Venezuela Tanker Blockade / Regime Change / Boat Strikes
  2. Trump TV Address / The Economy
  3. Brown U.-MIT Shooter Case
  4. Health Care Bill / ACA Premiums
  5. Susie Wiles Interview Controversy
  6. Reiner Slayings / Trump Comments
  7. Sydney Mass Shooting / Antisemitism
  8. Bongino to Exit FBI
  9. Epstein Files Photos / Gender Affirming Care Ban
  10. U.S.-Taiwan Arms Deal

People

  1. Donald Trump
  2. Nicolás Maduro
  3. Pete Hegseth
  4. Susie Wiles
  5. Kash Patel
  6. Mike Johnson
  7. Jerome Powell
  8. Rob & Michelle Reiner / Nick Reiner
  9. Dan Bongino
  10. RFK Jr / Dr. Mehmet Oz

To see the full TALKERS Stories, Topics, and People Charts, please click HERE.

Industry News

Saga Buys Back 2.8% of Common Stock

Saga Communications repurchases 184,215 shares of its common stock for an aggregate purchase price of approximately $2.1 million, or $11.50 per share, through a privately negotiated transaction. The repurchased shares represent approximately 2.8% of theimg company’s currently outstanding common stock, based on 6,556,621 shares outstanding as of December 11, 2025. After closing, these shares were returned to treasury and are no longer outstanding. Chief financial officer Samuel Bush says, “We are pleased to announce the completion of a privately negotiated stock repurchase transaction, which underscores our ongoing commitment to deliver value to our shareholders. This transaction reflects our confidence in the company’s long-term strategy and financial strength, while providing us with greater flexibility to manage our capital structure. We remain focused on disciplined capital allocation and generating a meaningful return for all stakeholders.”

Industry News

Urban One Exchange Offer Extends $476 Million in Debt to 2031

Urban One says that its exchange offer to holders of its 7.375% Senior Secured Notes due 2028 has expired and that 97.5% of debt holders agreed to the exchange for 7.625% Secondimg Lien Senior Secured Notes due 2031. The company reports that it “received from Eligible Holders valid and unwithdrawn tenders and related Consents, as reported by its exchange agent, representing approximately $476.02 million in aggregate principal amount of Existing Notes, or approximately 97.580% of the aggregate principal amount of Existing Notes outstanding.” This move allows Urban One to kick the can down the road another three years in exchange for paying debt holders a higher rate of return.

Industry Views

“2025: Top Ten Findings”

By Holland Cooke
Consultant

imgIf you missed yesterday’s webinar, look for the replay which will be posted today at EdisonResearch.com and which explains these trends well.

If you’re in broadcast radio, reading this list – which presenters offered “in no particular order” – you might feel like you’ve missed a memo… or a decade:

  • #10: Video is redefining the podcast landscape.
  • #9: YouTube is the top platform for podcast consumption and discovery for Gen Z.
  • #8: TikTok is a platform for discovery for music, podcasts, and audiobooks.
  • #7: Podcast fandom goes beyond listening.
  • #6: Women’s voices matter in podcasts and music.
  • #5a: Majority of all daily listening time is spent with ad-supported audio.
  • #5b: Time spent with streaming music shifts from free to paid streaming music platforms.
  • #4: In-car audio shifts to digital.
  • #3: Shifting ad budget to podcasts can increase reach.
  • #2: Smart speaker adoption varies by country.
  • #1: Consumption of AI-narrating audio is increasing.
  • “Bonus Finding:” More than 30% of Americans are awake by 6:00 am.

Recommendation for radio broadcasters: Make #4 our Priority Number One, defending a hill radio still holds. Audit your station’s app experience. And consider that Bonus Finding evidence that morning drive survived the pandemic shutdown after all.

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

Industry News

Top News/Talk Media Stories This Past Week (December 8-12, 2025)

Here are the most talked about stories of the past week (12/8-12) on news/talk radio and related talk media according to TALKERS:

Stories

  1. U.S. Seizes Oil Tanker / Trump Threatens Maduro / Drug Boat Strikes
  2. The Economy / Trump Tour / Fed Cuts Interest Rates
  3. Health Care Debate
  4. Trump Demands Indiana Redistricting
  5. Netflix-Warner Bros-Paramount Battle
  6. ICE Raids
  7. Defense Bill
  8. Russia-Ukraine War
  9. Farm Assistance Program
  10. Sherrone Moore Firing

People

  1. Donald Trump
  2. Nicolás Maduro / María Corina Machado
  3. Pete Hegseth / Mitch Bradley
  4. Jerome Powell
  5. Mike Johnson
  6. Rodric Bray
  7. David Ellison / David Zaslav
  8. Vladimir Putin / Volodymyr Zelensky
  9. Steve Witkoff
  10. Sherrone Moore

To see the full TALKERS Stories, Topics, and People Charts, please click HERE.

Industry News

Entries Open for 2026 Edward R. Murrow Awards

The Radio Television Digital News Association announces that the entry period for the 2026 Edward R. Murrow Awards is now open. RTDNA says the Murrow Awards are dedicated to “recognizing outstanding achievements in both professional and student-level broadcast and digital journalism. The Murrow Awards,img first handed out in 1971, are among the most prestigious in journalism. In 2025, about 5,000 entries were submitted in the professional and student categories, also making it one of the most competitive.” To be eligible, work must have been published between January 1, 2025, and December 31, 2025. This year, RTDNA is offering an Early Bird Discount for entries submitted by 5:00 pm ET on Tuesday, January 20. The final entry deadline is 5:00 pm ET Thursday, February 19. Entrants can find complete rules and category descriptions here. Regional winners will be announced in the spring. All regional winners automatically advance to the national competition, which will be announced in August. National winners will be celebrated at the 2025 Edward R. Murrow Awards Gala, to be held October 12, 2026, at Gotham Hall in New York City.

Industry News

WWO: Podcast Audience Media Age Rises 10 Years

Cumulus Media | Westwood One’s Audio Active Group blog reveals data from Edison Research’s ongoing Share of Ear study, specifically data from the third quarter of 2025. Among the key takeaways from the study are: 1) AM/FM radio dominates ad-supported audio with a 64% share, followed by podcasts at 20%;img 2) Marketers and media agencies significantly overestimate audience shares to Pandora/Spotify and massively underestimate AM/FM radio audiences; and 3) Interestingly, as older demographics flock to podcasts, the median age of the podcast audience ages sharply from 29 in 2017 to 39. The study notes that “in 2017, podcasts’ daily reach was greatest among 18-24s. Eight years later, podcasts’ daily reach has surged, especially in older demographics. The older the age group, the greater the growth in the podcast daily audience. Today, podcasts’ greatest reach centers on 25-44s, with significant growth among 45-64s.” See the full blog post here.

Industry News

Yesterday’s Top News/Talk Media Stories (12/8)

The most discussed stories yesterday (12/8) on news/talk radio and related talk media according to TALKERS research:

  1. Drug Boat Strikes / Hegseth Under Fire
  2. SCOTUS Hears Presidential Powers Case
  3. Tariffs-Trump’s Farm Assistance Program
  4. Nvidia-China Deal
  5. Paramount-Netflix-Warner Bros Battle
Industry News

New York Festivals Radio Awards Announces 2026 Grand Jury

The New York Festivals Radio Awards announces the distinguished 2026 Radio Awards Grand Jury. NYF Radio Awards says the Grand Jury “unites over 100 standout audio innovators from 20 countries, reflecting the dynamic and ever-evolving landscape of global storytelling. This influential group includes award-winning producers, directors, journalists, writers, and sound artists known for pushing creative boundariesimg across documentary, entertainment, news, sports, and corporate audio.” NYFestivals EVP Rose Anderson adds, “The robust world of audio storytelling today is fully represented in the 2026 edition of the Grand Jury. From audiobooks to podcasts and video podcasts, from investigative journalism to live events, and from mystery to social justice, this year’s men and women of the jury volunteer their time and lend their expertise.” See the bios of the Grand Jury here. There is still time to enter the New York Festivals Radio Awards. The entry deadline for the 2025 Radio Awards competition is January 31, 2026. To enter the 2026 Radio Awards please visit: HERE. For additional information including Rules & Regulations, categories, and more visit: HERE. New York Festivals Radio Awards welcomes entries from radio stations, networks, and independent producers across 30+ countries. Its mission is to recognize and elevate the exceptional work of the creators shaping today’s global audio storytelling landscape. Award-winning entries for 2026 competition will be showcased at the Radio Awards winners gallery. View the 2025 Radio winners’ showcase

Industry News

Top News/Talk Media Stories This Past Week (December 1-5, 2025)

Here are the most talked about stories of the past week (12/1-5) on news/talk radio and related talk media according to TALKERS:

                Stories

  1. Drug Boats Strike Controversy
  2. Hegseth Under Fire
  3. ICE Raids / Trump’s Somalis Comment
  4. The Economy / Crypto Sell-Off /Trump Approval Numbers
  5. Russia-Ukraine Peace Process
  6. Trump Health Questions
  7. Tennessee House Special Election
  8. House Subpoenas Jack Smith
  9. S. Attorneys Disqualified
  10. The Epstein Files / NY Times Sues Pentagon

People

  1. Donald Trump
  2. Pete Hegseth
  3. Mitch Bradley
  4. Steve Witkoff
  5. Vladimir Putin
  6. Scott Bessent
  7. Matt Van Epps / Aftyn Behn
  8. Jim Jordan / Jack Smith
  9. Lindsey Halligan / Alina Habba
  10. Jeffrey Epstein

To see the full TALKERS Stories, Topics, and People Charts, please click HERE.

Industry News

Todd Starnes Feeds 1,000 Federal Agents

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Pictured above is nationally syndicated talk radio host and owner of news/talk KWAM, Memphis Todd Starnes (left) with U.S. Attorney General Pam Bondi (right) in Memphis where some 1,000 federal agents gathered as part of the Memphis Safe Task Force. Starnes tells TALKERS that he received a call from the White House asking if he would be interested in providing a meal to the agents. He agreed and provided a home-cooked meal to the 1,000-plus agents along with Bondi, HUD Secretary Scott Turner, Tennessee Governor Bill Lee, Senator Marsha Blackburn and Senator Bill Hagerty.

Industry News

“Money Pit” Radio Show to End After December 27-28 Broadcast

“The Money Pit Radio Show” will air its final broadcast the weekend of December 27–28, according to Sueimg Kraeutler – wife of program founder and host Tom Kraeutler. Tom Kraeutler passed away on February 2 of this year, but the show continued with longtime co-host Leslie Segrete hosting the program. The show was produced by Money Pit Media and Squeaky Door Productions. Sue Kraeutler says, “I want to thank our loyal affiliates and sponsors for believing in us going back to when we first started some 25 years ago. This wasn’t an easy decision, but it’s time that we closed the Squeaky Door.” “The Money Pit Radio Show” aired on hundreds of radio stations across the U.S.

Industry News

102.3 WBAB Continues Long Island Thanksgiving Tradition with Full Airing of “Alice’s Restaurant”

img

 Although this story is about the holiday programming activities of a classic rock station, it can certainly apply to talk radio as well. 102.3 WBAB, Babylon – Long Island’s “Only Classic Rock” – tells TALKERS, it is proud to continue one of Long Island’s most beloved holiday traditions with the annual Thanksgiving Day broadcast of Arlo Guthrie’s iconic 18-minute and 34-second, “Alice’s Restaurant” (also known as “Alice’s Restaurant Massacree”) in its entirety. Listeners can tune in on Thanksgiving Day at 9:00 am and again at 12:00 noon for this celebration of music, storytelling, history, and holiday spirit. Hosted by WBAB’s Rocky, this heritage tradition has become a staple for generations of Long Islanders. Families across Long Island are invited to gather around the radio and join WBAB for breakfast and lunch at “Alice’s Restaurant” – a festive, feel-good kickoff to Thanksgiving Day. “For decades, Long Islanders have made WBAB part of their Thanksgiving tradition, and ‘Alice’s Restaurant’ remains one of the most anticipated broadcasts of the year,” said Chris Lloyd, director of operations, branding and programming for station-owner, CMG Long Island. “We love being part of our listeners’ holiday celebrations, and we’re excited to bring this classic back once again.”  Listeners can tune in on 102.3 WBAB, 95.3 on the East End or on the 102.3 WBAB app to join thousands of households enjoying this annual musical and spoken word moment. TALKERS publisher Michael Harrison, who, along with Richard Neer, played the song as a contemporary Thanksgiving tradition back in the early 70s on WLIR, Long Island and WNEW-FM, New York, says, “I really admire WBAB for maintaining the cultural relevance of this largely spoken word piece of history and would do the same thing on talk radio if I were programming a station today. Holidays give us all a great opportunity to expand our programming heritage and cultural boundaries. This one is hiding in plain sight.”

Industry News

Top News/Talk Media Stories This Past Week (November 17 – 21, 2025)

Here are the most talked about stories of the past week (11/17-21) on news/talk radio and related talk media according to TALKERS:

                Stories

  1. The Epstein Files
  2. Megyn Kelly “Pedo” Comments
  3. Trump-MBS Meeting
  4. Trump vs Reporters
  5. ICE Raids
  6. Trump -Mamdani Meeting
  7. Comey Prosecution Errors
  8. Texas Redistricting Ruling
  9. UN Approves Trump’s Gaza Plan
  10. Venezuela Military Operations

                People

  1. Donald Trump
  2. Jeffrey Epstein / Ghislaine Maxwell
  3. Megyn Kelly
  4. Mohammed bin Salman
  5. Catherine Lucey / Mary Bruce
  6. Zohran Mamdani
  7. Mike Johnson
  8. Lindsey Halligan / James Comey
  9. Jeffrey Brown / David Guaderrama
  10. Nicolás Madura

To see the full TALKERS Stories, Topics, and People Charts, please click HERE.

Industry News

Radio Executive and Station Owner Willard Lochridge Dies at 85

Longtime radio executive and station owner Willard Lochridge died on November 13 at age 85.img Lochridge entered the business in the sales department and by 1970 became the general manager of WRIF, Detroit. He was promoted by ABC to general manager for WPLJ, New York in 1973. He would serve at KAUM, Houston before returning to New York to serve with ABC Radio Networks. He later joined NBC’s The Source. In 1988 he and his wife purchased a small station in Wickenburg, Arizona.

Industry News

Top News/Talk Media Stories This Past Week (November 10 – 14, 2025)

Here are the most talked about stories of the past week (11/10-14) on news/talk radio and related talk media according to TALKERS:

Stories

  1. Government Reopens / Air Travel Chaos
  2. The Epstein Files
  3. The Economy
  4. ICE Raids
  5. SCOTUS Hears Tariffs Case / $2,000 Tariff Dividends
  6. “Narco-Terrorist” Strikes / Venezuela Mobilizes Military
  7. MAGA Youth and Anti-Semitism
  8. Trump-Ingraham Interview
  9. Comey and James Challenge Halligan Prosecution
  10. SCOTUS Won’t Revisit Gay Marriage

People

  1. Donald Trump
  2. Mike Johnson
  3. Chuck Schumer
  4. Jeffrey Epstein / Ghislaine Maxwell
  5. Adelita Grijalva
  6. Pete Hegseth / Nicolás Maduro
  7. Nick Fuentes
  8. Laura Ingraham
  9. Lindsey Halligan / James Comey / Letitia James
  10. Kim Davis

To see the full TALKERS Stories, Topics, and People Charts, please click HERE.

Industry News

News/Talk Programmer and Consultant Marshall Adams Dies at 51

News/talk radio talent, programmer and consultant Marshall Adams died unexpectedly onimg November 10 at the age of 51. Adams, whose real name was Michael Paul Kunkle, began his media career in the print industry at the Harrison City Post (PA) while in high school. He transitioned to radio and served with stations including WBT-AM/FM, Charlotte; KTRH-AM, Houston, WYAY-FM, Atlanta and KDKA-AM, Pittsburgh, where he was program director. He launched his consultancy, Marshall Adams Media, in 2012.

Industry Views

SABO SEZ: P1s and Meters are Not Your Friends

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

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

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

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

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

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

Walter Sabo has been a C-Suite action partner for companies such as SiriusXM, Hearst, Press Broadcasting, Gannett, RKO General and many other leading media outlets. His company HITVIEWS, in 2007, was the first to identify and monetize video influencers.. His nightly show “Walter Sterling Every Damn Night” is heard on WPHT, Philadelphia. His syndicated show, “Sterling On Sunday,” from Talk Media Network, airs 10:00 pm-1:00 am ET, and is now in its 10th year of success. He can be reached by email at sabowalter@gmail.com.

Industry News

iHeartMedia Q3 Revenue Dips 1.1%

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

Industry News

Salem Media Group Q3 Net Revenue Falls 12.6%

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

Industry News

Beasley Third Quarter Revenue Down 12.4%

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

Industry News

Top News/Talk Media Stories Over the Weekend (11/8-9)

The most discussed stories over the weekend on news/talk radio and related talk media according to TALKERS research:

  1. Government Shutdown / Senate Votes to End Shutdown
  2. Air Travel Chaos / SNAP Benefits
  3. Trump Pardons Giuliani & Others
  4. SCOTUS Debates Trump Tariffs
  5. Trump Announces $2,000 Tariff Dividend
Industry News

Saga Communications Q3 Net Revenue Falls 1.8%

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

Industry News

Top News/Talk Media Stories This Past Week (November 3 – 7, 2025)

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

  1. Government Shutdown / Air Travel Disruption
  2. SNAP Benefits / Medicaid Subsidies Battle
  3. Elections Aftermath / California Redistricting Battle
  4. SCOTUS Hears Tariffs Arguments
  5. The Economy / Recession Fears
  6. The Tucker Carlson-Fueled MAGA Schism
  7. ICE Raids / Pope Leo Speaks Out
  8. Trump “60 Minutes” Interview
  9. Suspected “Narco-Terrorist” Strikes
  10. Pelosi to Retire / Dick Cheney Dies

People

  1. Donald Trump
  2. Zohran Mamdani
  3. Mikie Sherrill / Abigail Spanberger
  4. Gavin Newsom
  5. Ted Cruz / Marjorie Taylor Greene
  6. Sean Duffy / Bryan Bedford
  7. Tucker Carlson / Nick Fuentes
  8. Pope Leo
  9. Nancy Pelosi
  10. Dick Cheney

To see the full TALKERS Stories, Topics, and People Charts, please click HERE.

Industry News

Urban One Third Quarter 2025 Net Revenue Falls 16%

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

Industry News

Legendary Sports Talker Bob Trumpy Dies at 80

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

Industry News

WJR, Detroit Legend Warren Pierce Dies at 82

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

Industry News

Top News/Talk Media Stories This Past Week (October 27-31, 2025)

Here are the most talked about stories of the past week (10/27-31) on news/talk radio and related talk media according to TALKERS:

Stories

  1. Trump’s Asia Trip
  2. Government Shutdown / Expiring Benefits
  3. Israel-Hamas Peace Accord
  4. The Economy / Fed Policy
  5. Trump Third Term Chatter
  6. Newsom Mulling ’28 Run
  7. The NYC Mayoral Race
  8. U.S. Attacks Alleged Drug Boats / Venezuela Tensions
  9. Biden Autopen Issue
  10. Hurricane Melissa

People

  1. Donald Trump
  2. Xi Jinping
  3. Sanae Takaichi
  4. J.D. Vance
  5. Jerome Powell
  6. Mike Johnson
  7. Gavin Newsom
  8. Zohran Mamdani / Andrew Cuomo / Curtis Sliwa
  9. Nicolás Maduro
  10. Joe Biden

To see the full TALKERS Stories, Topics, and People Charts, please click HERE.

Industry News

Cumulus Media Reports Q3 Net Revenue Down 11.5%

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

Industry News

Yesterday’s Top News/Talk Media Stories (10/28)

The most discussed stories yesterday (10/28) on news/talk radio and related talk media according to TALKERS research include:

    1. 1. Trump’s Asia Tour
    1. 2. Government Shutdown / Payroll for the Military
    1. 3. Israel Strikes in Gaza
    1. 4. Today’s Fed Meeting
    1. 5. NYC Mayoral Race
Industry News

Top News/Talk Media Stories This Past Week (October 20-24, 2025)

Here are the most talked about stories of the past week (10/20-24) on news/talk radio and related talk media according to TALKERS:

Stories

  1. 1. Government Shutdown
  2. 2. ICE Raids / Chicago Guard Troops Ruling
  3. 3. Trump’s White House Ballroom Project
  4. 4. Israel-Hamas Peace Process
  5. 5. Trump Demands Cash from Justice Department
  6. 6. “No Kings” Protests
  7. 7. Louvre Jewelry Heist
  8. 8. Trump Commutes Santos’ Sentence
  9. 9. Alleged Drug Boats Strikes
  10. 10.Mob-Linked Sports Rigging Case

People

  1. 1. Donald Trump
  2. 2. Mike Johnson
  3. 3. Chuck Schumer / Hakeem Jeffries
  4. 4. Karoline Leavitt
  5. 5. J.D. Vance / Benjamin Netanyahu
  6. 6. George Santos
  7. 7. Pete Hegseth
  8. 8. Vladimir Putin
  9. 9. Robert DeNiro / Stephen Miller
  10. 10.Chauncey Billups / Terry Rozier

To see the full TALKERS Stories, Topics, and People Charts, please click HERE.

Industry News

Top News/Talk Media Stories Over the Weekend (10/18-19)

The most discussed stories over the weekend on news/talk radio and related talk media according to TALKERS research:

  1. 1. “No Kings” Protests
    2. Government Shutdown
    3. ICE Raids
    4. Trump Commutes Santos Sentence
    5. Russia-Ukraine War