Industry News

Revenue and EBITDA were "in-line" for the company in Q3, as President/CEO Mary Berner noted during a Friday pre-market earnings call for analysts and investors that the company "maintained our focus on what we can control." Investors were less than pleased, sending Cumulus Media shares down by nearly 20% on Friday.

Growth in digital is offset by declines in broadcast revenue

The post Cumulus Revenue Declined Slightly in Q3 appeared first on Radio World.

On Monday, paperwork was submitted for regulatory approval regarding a pair of deals involving low-power television stations in Knoxville; Terre Haute, Ind.; and Greenville, S.C.; from Jeff Winemiller's Lowcountry 34 Media to HC2 Station Group. Now, a third deal has been filed with the FCC.

A collection of Local Now free ad-supported streaming television channels have added distribution via The Roku Channel, thanks to an agreement signed between the platform and Local Now parent Allen Media Group.

An Idaho-based non-profit offering a unique Christian-themed Country music format on a handful of stations across the U.S. is agreeing to sell a 100kw Class C1 facility in Montana. Who's the buyer? It is a Salt Lake City radio personality-turned-public radio station operator who has already taken the FM in an Adult Alternative direction.

Fifteen years ago, Steven Fuchs signed off on a Time Brokerage Agreement allowing Fox Radio Network to control a 25kw Class C3 FM serving a Missouri city along the Black River, in the southeastern corner of the Show-Me State. Now, he is converting that long-term lease into an outright purchase.

How did you tune in to the MLB World Series?

The post Dodgers Win! Let’s Hear Some Kudos for Dodgers Radio appeared first on Radio World.

A Class B AM radio station with an FM translator serving Kalispell, Mont., is poised to see an ownership shift, as a stock purchase agreement will shift the shares held in KOFI-AM from Tana and David Rae.

In March 2023, a 250-watt translator with a formidable signal across the Denver-Boulder market dropped its all-Comedy format by adopting a gold-based Country presentation under the "Front Range Country" brand. Now, the Audacy Inc. audio service is being put in the hands of artificial intelligence, powered by Super Hi-Fi.

A new "soap opera" on network television, in 2025? That's indeed in the works at CBS, thanks to a three-way partnership between the Paramount-owned network, the NAACP and a division of Procter & Gamble Co.