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iHeartMedia Q2 Net Revenue Declines 47%


iHeartMedia reported second quarter net revenue fell 47% to $488 million from $635.6 million in 2019, mainly due to the impact of the COVID-19 pandemic. Broadcast revenue declined by 56.5%, while Networks was more resilient declining 38.4%. Digital revenue grew 2.4%, led by continued growth in podcasting, which increased by 102.7% YoY. Operating loss was $159.1 million down from More

Updated: August 7, 2020 RSS Facebook Newsletters News

Schuster SVPP for iHM/Rochester, Syracuse & Binghamton
Tias Schuster
Tias Schuster
iHeartMedia appoints Tias Schuster as Senior VP/Programming for Rochester, Syracuse and Binghamton, effective immediately. He most recently served as the Senior VP/Programming for the company's cluster in Norfolk. Throughout his career, he also served as Program Director for co-owned WDVI-FM (Mix 100.5) and More

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Cumulus Media Inks New Agreement with Suzanne Grimes
Suzanne Grimes
Suzanne Grimes
In an 8-k filing with the SEC, Cumulus Media said it entered into a new employment agreement with Executive Vice President of Corporate Marketing and Westwood One President Suzanne Grimes. The new deal, effective August 1, has an initial term through December 31, 2022 and contains a provision for automatic More

Emily Ward Named GSM for Entercom Chattanooga
Emily Ward
Emily Ward
Entercom has promoted Emily Ward to General Sales Manager for Entercom Chattanooga, effective immediately. In this role, Ward will oversee sales efforts for 103.7 Kiss FM (WKXJ-FM), 98.1 The Lake (WLND-FM), Rock 105 (WRXR-FM), U.S. 101 (WUSY-FM) and Real 961 (WUSY-HD2). "Emily has done a tremendous job More

FCC Report & Order Eliminates Radio Duplication Rule
Federal Communications Commission
Federal Communications Commission
The FCC has adopted a Report and Order eliminating the radio duplication rule for both the AM and FM services. The rule restricted the duplication of programming on commonly-owned broadcast radio stations operating in the same service and geographic area. The rule, initially adopted in 1964, has been updated More

Salem Media Q2 Total Revenue Down 18.3% to $52.9M
Salem Media Group
Salem Media Group
Salem Media Group reported second quarter total revenue decreased 18.3% to $52.9 million from $64.7 million in 2019. Total operating expenses declined 9% to $53.8 million from $59.1 million, while adjusted EBITDA was down 72.4% to $2.8 million from $10.2 million. Operating loss fell More

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Chris Cruise Joins ''Throwback Nation Radio'' Franchise
Chris Cruise
Chris Cruise
Chris Cruise joins forces with the syndicated Classic Hits "Throwback Nation Radio" franchise, effective immediately. He'll handle fill-in work and future brand extension projects. Cruise's previous experience includes hosting mornings at WDZH-FM (98.7 AMP Radio) in Detroit, KSAS-FM (103.5 Kiss FM) in Boise More

Bud and Broadway Syndicate Morning Show
Bud and Broadway
Bud and Broadway
Houston-based broadcast syndicators SuiteRadio, have signed an agreement to exclusively represent Bud Ford and Jerry Broadway for morning show syndication to radio stations everywhere. "Now, managers can have the morning show they really want at a cost they can actually afford," said Pat Fant. "Our More

Phantom Producer Launches in Classic Country Format
USRN
USRN
United Stations announces the launch of Phantom Producer's latest imaging service serving the Classic Country format. It now offers station imaging for stations playing Country music from the 70's, 80's and 90's. The newly-added service for Classic Country stations is already on the air via subscribing More

7 Weeks to Fix 7 Deadly Sins of Radio Personalities
Tracy Johnson
Tracy Johnson
Radio personalities are in an awkward position. Many get little feedback or coaching. Most have been on their own for several months as broadcasters adjust schedules for social distancing. This summer, my most-asked question from air personalities is how to advance on their Personality Success Path with More

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Salem's Elder and Hewitt Possible Presidential Debate Moderators
Larry Elder and Hugh Hewitt
Larry Elder and Hugh Hewitt
Salem Radio Network nationally-syndicated hosts Larry Elder and Hugh Hewitt have been submitted as potential Presidential Debate moderators to the Commission on Presidential Debates. The submissions were made on behalf of the Trump-Pence 2020 campaign by former New York City mayor Rudolph Giuliani. More

Want Progress, Look to the Stars
Chuck Knight
Chuck Knight
Why is it that for years, we haven't been able to collectively and effectively take Radio's success story out to Wall Street, Madison Avenue, Motor City or Main Street? Yes, we've spoken passionately about Radio's huge platform from industry conventions, trade interviews and press releases. I used to think More

Entercom CEO David Field Reveals Ten Corporate Promotions
Entercom
Entercom
Entercom CEO David Field has revealed a number of corporate promotions in an internal memo to the company's staff. Noteably, Jeff Sottolano is named Executive Vice President/Programming after serving as VP/Programming before rising to Senior VP/Radio and RADIO.COM programming. Rouse is also Entercom's Urban More

NAB President/CEO Gordon Smith Suffers a Stroke
Gordon Smith
Gordon Smith
The NAB tells RADIO ONLINE that NAB President and CEO Gordon Smith suffered a stroke last night and was admitted to the hospital. He is responding well to treatment, is stable and alert and is resting comfortably. His prognosis is good, and he is expected to make a full recovery. Smith joined NAB in More

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Saga Communications Q2 Net Revs Down 47.3% to $16.9M
Saga Communications
Saga Communications
Saga Communications reported second quarter net revenue fell 47.3% to $16.9 million from 32.1 million in 2019. Station operating expense decreased 18.4% to to $18.6 from $22.8 million. Operating income fell to a loss of loss of $8.6 million, down 23.2% from an operating income of More

Seattle Broadcasting Legend Pat O'Day Dead at 85
Pat O'Day
Pat O'Day
Veteran Seattle air personality Pat O'Day has died at age 85. He passed away at his home in the San Juan Islands. O'Day was best known as the afternoon talent at Top 40 KJR-AM/Seattle in the 1960s, before becoming the station's Program Director and then General Manager. After leaving KJR in the late 1960s, More

102.3 KRMG New Home for Kansas City Chiefs Radio Network
102.3 KRMG will be the new official home of the Kansas City Chiefs Radio Network. The Cox Media Group (CMG) Tulsa station, best known for its news and talk programming, will be adding Kansas City Chiefs broadcasts to their lineup beginning this fall. The new market exclusive partnership is scheduled to More

KEWB/Redding CA Taps Kelsey Sauers for APD/Afternoons
Kelsey Sauers
Kelsey Sauers
KEWB-FM (Power 94.7)/Redding, CA taps Kelsey Sauers as Assistant PD and afternoon host. She joins the Results Radio CHR outlet from mornings at Alpha Media Hot AC KEEZ-FM (Mix 99.1)/Mankato, MN. OM/PD Picazzo Stevens said, "Thanks to all of the qualified candidates that raised their hand for this More

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WAIO (Radio 95.1)/Rochester NY Debuts ''The Big Show''
WAIO-FM
WAIO-FM
Classic Rock WAIO-FM (Radio 95.1)/Rochester, NY, debuts "The Big Show" in afternoons from 2-7pm, effective immediately. The new program is hosted by Earl David Reed, Megan Carter and Pat McMahon. Reed is a nationally recognized stand-up comedian who has played some of the nation's biggest comedy clubs and More

KMYT-FM-HD2 (Real 103.9) Las Vegas Adds ''The Bassment''
DJ E-Rock
DJ E-Rock
iHeartMedia's KMYT-FM-HD2 (Real 103.9)/Las Vegas adds DJ E-Rock's CTC Productions & Superadio syndicated show along with longtime radio veteran DJ Franzen to it's weekend schedule. The show features some of the biggest club and radio DJ's from Las Vegas, New York and Miami. DJ E-Rock, host of "The More

Former WQYK Host Marc Jason Debuts BreakingNewsFlorida
Breaking News Florida
Breaking News Florida
Marc Jason, who most recently hosted mornings on WQYK/Tampa, has launched BreakingNewsFlorida.com, a digital content platform that analyzes issues and hosts conversations on all things Florida. The platform will also be creating audio and video for stations who are interested in News/Talk and Sports content More

Beasley Broadcast Group Q2 Net Revenues Down 53.7%
Beasley Media Group
Beasley Media Group
Beasley Broadcast Group reported second quarter net revenues fell 53.7% to $30.4 million from $65.7 million in 2019, reflecting a decrease in commercial advertising, digital advertising and other revenue due to the impact of the COVID-19 pandemic. It was partially offset by growth in More

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Industry News by Company

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Emmis Radio
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Saga Communications
Salem Communications
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Townsquare Media
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Changes & Moves
Jesse Kelly
Jesse Kelly
Key Networks has announced that its nationally syndicated news talk program, The Jesse Kelly Show, debuted Sunday, August 3, 2020, on Entercom's More

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