Urban One Files Preliminary Q1 2023 Financial Results with SEC
Relative to the preceding story, on Friday (9/29) Urban One filed an 8-K Form containing its preliminary financial results for the first quarter of 2023. The company reports consolidated revenue of $109.9 million, a decrease of 2% from the same period in 2022. Urban One breaks down its report into segments and states that its broadcast radio division brought in revenue of $35.2 million, an increase of 11.7% over the same period in 2022. For the first quarter of 2023, Urban One reports a net loss of $1.5 million compared to the net income of $16.5 million it reported in the first quarter of 2022.
nationwide via Stadium’s portfolio, WatchStadium.com/Live and Stadium affiliates YouTubeTV, The Roku Channel, FuboTV, Amazon, Samsung TV Plus, Tubi and more. Audacy also agrees to a deal with SiriusXM to air “You Better You Bet” on the satellite radio platform. BetQL Network VP Mitch Rosen says, “We’re thrilled to announce these strategic agreements with Stadium and SiriusXM, which will significantly expand the reach of ‘You Better You Bet,’ solidifying its position as the #1 sports betting podcast in the U.S.”
the iHeartRadio app. This is the first team with an exclusive streaming channel on the iHeartRadio platform. In addition, sports talk KFXN-FM “KFAN 100.3” becomes the basketball organization’s new flagship radio station for select Timberwolves games and the majority of Lynx games. iHeartSports president Kevin LeGrett states, “We are excited about this partnership and honored to be the broadcast and streaming home of the Minnesota Timberwolves and Minnesota Lynx. We are thrilled to deliver innovative Timberwolves and Lynx coverage, programming and integrations to millions of their fans across the state and beyond!”
The persistent liability of most talk stations is that they attract a high percentage of listeners over the age of 65. Consider that many of those older listeners are attracted to radio shows that are talking for companionship and comfort.
CBS Sports Radio in 2021. She’s also an analyst for SNY, appearing on “Baseball Night in New York.” Perloff joined CBS Sports Radio in 2022 after 13 years with “The Dan Patrick Show” where he earned the nickname “McLovin.” CBS Sports Radio brand manager Spike Eskin says, “Maggie and Perloff are going to be awesome in the morning. The way the show has grown and evolved over the last couple of years is so exciting, and we’re really looking forward to bringing their special mix of opinions, interviews and fun to the morning.”
Friday (9/29). Cumulus objected to the two hosts publishing their “The Dumb Zone” podcast arguing that it violates the terms of their contracts, specifically the non-compete clause. McDowell and Kemp left “The Ticket” in July after being unable to come to terms on a renewal due to the two sides’ disagreement over digital initiatives. McDowell and Kemp had argued that Cumulus’ business is “the operation of terrestrial radio stations – old media – and it was only in that business that Plaintiff employed the Defendants.” Ultimately the two sides were ordered into mediation on the matter. The terms of the settlement have not been made public. 
Attention news/talk radio sellers! Get ready to meet your new best friend… and it is not who you think it is.
publicly traded company controlled by the conglomerate. Liberty Media CEO Greg Maffei says, “SiriusXM minority shareholders will also benefit from enhanced trading dynamics, including increased liquidity and likelihood of future index inclusion.” A merger between the two would result in SiriusXM minority investors owning about 16% of the new company, with Liberty Media controlling the rest. SiriusXM says it is evaluating the offer. 
I asked my pal, longtime radio seller, now retired: “How often were you asked, ‘How much would you charge for ONE commercial?’”
Southwest Florida.” The stations can also be streamed and consumed as podcasts via PodcastRadioUS.com. Podcast Radio states, “Podcast Radio features live ‘Podjocks’, including former KROQ-FM, Los Angeles personality and legendary Radio Hall of Famer Gene ‘Bean’ Baxter. The format will showcase the very best produced and popular podcasts from the United States and all over the world, including audio content from TedAudio (TedTalk), Wondery, Evergreen, Corus, and more! The initiative with Beasley is the first of its kind for the company in the United States. The format will be offered to radio stations and groups on a network/barter basis via KMG Networks. AdLarge Media has been selected to facilitate the network advertising sales.” Beasley Media Group chief content officer Justin Chase says, “Podcast Radio is an idea that Caroline Beasley and our team have been thinking about and researching for years and we’re excited to be the first to launch this format in the United States. This concept has been highly successful for Gerry [Edwards] and his team in the United Kingdom, and we believe our audience will fall in love with the Podcast Radio U.S. version we present on our stations.”
been with the station since February of 2021 and has served as evening host, prime-time fill-in host, and co-hosts the “Cash The Ticket” sports betting podcast with WXYT afternoon host Mike Valenti. Audacy Detroit SVP and market manager 
Debbie Kenyon says, “I’m thrilled that Jim Costa will be the next co-host of the ‘97.1 The Ticket’ morning show. Jim has spent the last few years building a great relationship with his listeners. We look forward to the talents of Jim Costa and Jon Jansen entertaining and informing the Detroit sports audience and can’t wait to see how the show evolves in 2024.” Costa adds, “This is a dream come true for me. My whole career, I’ve chased the chance to build a show on ‘97.1 The Ticket.’ I grew up listening to this station and rooting for these teams. To start the conversation in Detroit every morning is special. Jon Jansen and I are a good contrast; we play off each other well, and I’m excited for the show we will create along with Heather [Park] and the entire morning show crew.”
“Turkey” Stearnes, who, along with other Black baseball players in the early 20th century, was shut out of Major League Baseball due to his race. The series explores how America’s pastime was shaped by its history of segregation and the impact Black players have had on the sport. Rose uncovers powerful stories and rarely told history by exploring her own family history and through interviews with living Negro Leagues player Ron Teasley, Negro Leagues Baseball Museum president Bob Kendrick, baseball researcher and Seamheads Negro League Database co-founder Kevin Johnson, and more.
credentials counseling a new couple every week. Couples will be played by a cast of esteemed actors and comedians including Fred Armisen, Ike Barinholtz, Kate Berlant, Janine Brito, Rachel Dratch, John Early, Tina Fey, and more. Executive producer Liz Cackowski says, “We are huge fans and listeners of podcasts in every genre. Love self-help podcasts, love true crime, love the celebrity interview show, all of it. And as comedians, we show our love through parody, which perhaps is something the next self-help podcast can help me work through. We’re excited to partner with Audacy to bring this series to life.”
also saw 5.2 million total multiplatform unique viewers, up 9% year over year. Outkick founder (and co-host of the Premiere Networks nationally syndicated “Clay Travis and Buck Sexton Show”) Clay Travis says, “OutKick’s growth continues to spotlight our cutting-edge content and fearless talent. I’m excited for what’s to come especially with college football and NFL in full swing.”
network, and this new project takes the audience “on a wild ride through the hottest headlines, trends, and debates that didn’t quite make it onto their daily radio show.” New episodes are posted Wednesdays on FOX Sports Radio’s YouTube page, and the podcast is available on iHeartRadio and everywhere podcasts are heard. 
anchor, “The Situation Room,” CNN; Juju Chang, co-anchor, “Nightline,” ABC News; David E. Kennedy, co-founder & managing director, Aspire Ventures LLC; Eric Shanks, CEO & executive producer, FOX Sports; Valari Dobson Staab, chairman, NBCUniversal Local; and Nina Totenberg, correspondent, legal affairs, NPR. To date, LABF has honored more than 200 leaders in broadcasting since the event’s inception in 2003. Net proceeds from the luncheon will support the preservation and expansion of the Library of American Broadcasting collection, which is curated at the University of Maryland.
Wagoner writes, “Why is KFI so successful – isn’t conservative talk dead? Yes, it is… and it’s been decades since KFI was considered ‘conservative talk’ (even when it wasn’t). There have always been a balance of viewpoints on the station; as it moved away from politically centered topics to more general topics, it matched the mood of listeners who wanted to be entertained more than they wanted to be angry.” 
for violation of his contract for working with the upstart platform that promoted Gargano as “coming soon” at its launch last week. PHLY is operated by the ALLCITY Network. The Inquirer reports, “Beasley said Gargano told ‘The Fanatic’ on Sept. 11, less than 24 hours before PHLY launched, that he intended to continue hosting his show while also accepting employment with the new sports outlet, where among other things he would write articles and appear on podcasts.” Beasley says that is in violation of his contract that runs through October of 2024, which states he is “prohibited from providing services to a competing business while he is employed by Beasley.” 
Phillip Lindsay’ begins a new era for the station’s flagship program airing weekdays from 2:00 pm to 6:00 pm. Bye moves to afternoons after serving on the midday show. Replacing Bye as Brandon Stokley’s partner is Josh Dover on the “Stokley and Josh” program airing in the 10:00 am to 2:00 pm daypart. Dover previously served with Kroenke Sports and Entertainment’s KKSE-FM, Denver. At the same time, the station is extending the “Schlereth and Evans” morning show to air from 6:00 am to 10:00 am. Bonneville Denver SVP and market manager Katie Reid says, “We are proud to usher in a new generation here on ‘104.3 The Fan.’ This new lineup will provide a stable and consistent listening experience for our audience. We’re extremely excited to welcome both Phil and Josh, as their high character, dynamic personalities and passion for their Denver community will resonate deeply with our audience.”
Salguero) that will drop every Tuesday and Friday during the NFL season. Outkick founder Clay Travis states, “Donovan McNabb is an NFL legend who I always enjoyed watching, except when he played against the Titans. I’m ecstatic to have him as a teammate now and he will be a great addition to OutKick, where we are continuing to build a unique home for the most insightful personalities in sports media who are free to speak their minds.”
Kevin West died yesterday morning (9/18) at the age of 62 after suffering a medical emergency. West retired from the Cumulus Media station in June and had begun working as the public affairs director for the Chattanooga Police Department. West was a 24-year veteran of the U.S. Navy, retiring two years ago with the rank of captain. He is survived by his wife Carlene and five children. 
Beach Boys original lead singer Mike Love (right). Love made his only radio appearance on Katz’s program during the band’s stop in Central Virginia for a sold-out performance. Katz says they talked about the impact of the Beach Boys in popular music, as well as Transcendental Meditation and the political landscape.