Townsquare Media Q3 Net Revenue Falls 7.4%
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.”
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.
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. 
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.”
distributed by Audacy to unite the biggest sports voices, markets, and fans.” Audacy Detroit SVP and market manager Debbie Kenyon says, “The launch of ‘97.1 Detroit Sports Radio Network’ represents a massive commitment to our listeners and an exciting chapter in our growth. We are excited to partner with Townsquare Media and other media companies to expand our footprint across all of Michigan and to deliver great content to the dedicated fan base we serve. We are proud to deliver best-in-class sports coverage to the entire state, solidifying our position as the essential source for Michigan sports audio content now and for years to come.” The network’s first affiliates include Townsquare Media’s WFGR in Grand Rapids, WJIM in Lansing, WBCK in Battle Creek, and WKMI in Kalamazoo, plus Blarney Stone Broadcasting’s WGRY in Roscommon. Additional affiliates will be announced in the upcoming months.
U.S. unique monthly audience for October 2025. The New York Times’ “The Daily” is #2, NPR’s “Up First” is #3, followed by the “FOX News Hourly Update” at #4 and “Dateline NBC” at #5. DailyWire’s “The Ben Shapiro Show” rises two places to #8, while Salem Podcast Network’s “The Charlie Kirk Show” falls five places to #11. 
Atlanta Journal-Constitution. The Compass Media Networks host is heard in Atlanta on Cox Media Group’s WSB-AM/WSBB-FM. His first piece was printed in September in the wake of the slaying of Charlie Kirk. His latest column is titled, “Democrats are hungry, Republicans complacent and all politics is national,” and 
general manager has been in his current role since 2023. Audacy notes that Davis “rejoined Audacy in 2018 to lead the reboot of Audacy’s TWIN platform.” Audacy chief revenue officer Bob Philips says, “Lee has been a valued colleague and leader whose experience, dedication, and steady guidance have made a lasting impact on Audacy (as well as the companies he has worked at throughout his career). His contributions and presence will be greatly missed.”
produce and distribute weekly coaches’ podcasts for multiple sports during their seasons. Audacy Wichita SVP and market manager Tommy Castor says, “We are proud to continue our 50-plus-year tradition as the radio home of Shocker sports. Our partnership with Wichita State Athletics reflects a deep commitment to the community and to connecting with generations of fans. We’re excited to provide Shocker fans the best play-by-play coverage and exclusive updates that bring every game to life.”
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.” 
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. 
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. 
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.” 
Tragically, I was none of those things. Fortunately, I had the support of those who believed I had potential and encouraged me to follow a slightly different path — to morning radio. And while I never envisioned eventually moving from music to talk radio, the transition has been the most rewarding experience of my life, and these last three years at Civic Media have been the proudest of my 40-plus year career.” Prior to joining Civic Media, Matenaer served with Good Karma Brands’ news/talk WTMJ, Milwaukee in the newsroom and in morning drive. She adds, “As I head toward retirement, I want to take this moment to thank my current and former colleagues and mentors. You are among the most talented, dedicated and hilarious people on the planet. Thank you to Civic Media, for believing in a 60-something woman to host her own show and for your commitment to community-based radio and to a healthy democracy.”
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.”
brands. Gould comes to iHeartMedia from Metamorphosis.Digital where she was chief revenue officer and VP of sales. iHeartMedia division president Kris Foley says, “Annalee’s ability to build trust, navigate change, and deliver creative, cross-platform results makes her the ideal leader for our San Francisco sales team. Her experience and relationships in the Bay Area will be instrumental as we continue to grow our presence and impact.” She comments, “Audio is one of the most powerful and evolving channels in media today and nowhere embodies creativity and innovation quite like the Bay Area. I’m excited to join iHeartMedia and work with a team that understands how meaningful human-generated content continues to drive trusted marketing. In a time when that connection feels increasingly rare, radio and podcasts remain deeply human, built on authentic voices, real stories, and companionship.” 
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. 
Civic Media’s news/talk network, managing schedules, talent, quality control, and compliance with broadcast regulations. Key responsibilities include selecting programs, coaching on-air personalities and shows, developing promotional strategies, and ensuring the station’s sound and content align with its brand and audience needs. They blend creativity and business acumen, using audience research and ratings data to shape programming and achieve business goals.” 
them achieve their business objectives through effective radio and digital advertising. The ideal candidate will possess excellent communication skills, have an enthusiastic and outgoing personality, along with a drive to succeed. Most importantly – we are looking for hard-working salespeople who want to have FUN at work, make money, and help local businesses grow. 
morning drive (6:00 am to 9:00 am). Sister KHOW talk host Michael Brown will take over the 9:00 am to 12:00 noon slot on KOA. Kaminsky says in a social media post, “This will be the first time in decades (or maybe ever, I really don’t know) that KOA has a talk show in ‘morning drive.’ We’ll keep bringing you plenty of news but now we’re doing it in a show that also talks about the news (and lots of other things…the show won’t be very different from my current show.) Psyched to be embarking on this project with @JeanaGondek who I always have so much fun bantering with. The show will be fun, informative, and entertaining…at least that’s the goal!” Kaminsky says the “Colorado’s Morning News” program featuring Gondek will air from 5:00 am to 6:00 am.
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.”