PQ Media has released its ninth annual Global Consumer Spending on Media Forecast.
The latest edition, which covers trends for 2021-2025, takes a deep dive on digital and traditional media content and technology with respect to consumer spending.
What are the key takeaways from this study?
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With majority shareholder Apollo Global Management teaming with Soo Kim-led Standard General in acquiring a majority stake in TEGNA, the Cox Media Group stable will see the addition of several TEGNA stations in Texas via license transfers.
It is now known that CMG’s roster of stations is about to expand even further, and it is thanks to a deal that sees Frank Higney of Kalil & Co. serve as the broker.
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The In-Real-Life advertising economy. It’s a real thing, and it is expected to reach some $44.4 billion in 2022, newly released data from WARC show.
Here’s the rub: It’s still down from pre-COVID levels, although a full recovery is likely imminent.
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As 2021 came to a close, Gray Television executed an agreement to purchase five Construction Permits from the original CEO of DTV America.
The transaction, which sees Bob Heymann of the Chicago office of Media Services Group served as the exclusive broker, representing DTV America, has just closed.
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Hubbard Radio’s Jeremy Sinon will be honored at the NAB Show in April with the association’s Digital Leadership Award.
Sinon is vice president of digital strategy for Hubbard Radio. The award goes to someone who has played “a significant role in transforming a traditional broadcast business to succeed on digital media platforms in a measurable way.”
“Sinon conceptualized, designed and led a team to build Hubbard’s robust proprietary streaming platform,” NAB wrote.
“Accessible through the web and various individual station mobile apps, this unified platform offers Hubbard listeners an exceptional user experience where they can connect with their favorite station and be rewarded for the time they spend listening and interacting. Hubbard stations then also have an opportunity to communicate directly with audiences via notifications, provide effective marketing for clients and build listener databases.”
He also oversees the company’s podcasting work, including the launch of a local podcasting app platform being piloted in Minneapolis and Washington, D.C.
The post Sinon to Be Honored for Digital Leadership appeared first on Radio World.
“2021 was a pivotal year for Cumulus, a year of significant progress and accomplishment.”
Since emerging from voluntary Chapter 11 restructuring in 2018, CEO Mary Berner has put a focus on two key objectives: A sustainable growth trajectory, and “right-sizing the balance sheet to maximize financial flexibility to grow shareholder value.”
Indeed, net leverage deduction, along with further spot and network ad revenue recovery from COVID-19 slowdowns, is Cumulus’ Q4 2021 story. In this special InFOCUS Podcast, we offer audio highlights from the company’s late afternoon earnings call on February 23, which also features CFO Frank López-Balboa and questions from key Wall Street analysts who cover Cumulus Media.
Listen to “The InFOCUS Podcast: Cumulus Media’s Q4 Earnings Call” on Spreaker.
CEOs of two of the largest radio companies in the U.S. will talk about the transformation of the radio industry and what the future holds in an upcoming session at the 2022 NAB Show in Las Vegas this April.
CEOs David Field of Audacy and Bob Pittman of iHeartMedia will discuss how their businesses have evolved in response to the pandemic and what lies ahead for radio during “Transforming Radio in the Audio Renaissance,” Monday, April 25, at 2 pm.
Field and Pittman will share the stage with new NAB President and CEO Curtis LeGeyt to talk about the evolution of the industry, how stations can embrace change and how to create a diversified asset portfolio that can change along with the media marketplace.
Field has served as chairman, president and CEO of Audacy since 2002. Audacy is a developer of original audio content and one of the nation’s largest podcast publishers. The company, formerly Entercom, evolved from 15 stations to a multiplatform audio and entertainment company with more than 230 stations in 47 markets.
Pittman serves as chairman and CEO of iHeartMedia, an audio company with more consumer reach in the U.S. than any other media outlet, the company said. Podcasting is also iHeartMedia’s forte, and the company counts itself as the nation’s largest podcasting publisher.
The session will be one of several focused on audio technology and the radio industry at the upcoming NAB Show, set to be held in Las Vegas April 23–27, 2022, after a two-year hiatus brought on by the COVID-19 pandemic. LeGeyt told Radio World sister publication TV Technology that despite the current omicron wave, he is 100% confident the show will go on as scheduled.
“I think … that there is a lot of pent up demand — both on the exhibitor side and the attendee side — for an in-person show where business actually gets done,” he said.
The post Radio Leaders to Examine Industry Evolution at NAB Show appeared first on Radio World.
Following Wednesday’s Closing Bell on Wall Street, one of the largest audio content creation and distribution companies in the U.S. quietly released its fourth-quarter and full-year 2021 results. And, with no replay line for investors to dial-in to had they not become aware of the Globe NewsWire release of its numbers, Cumulus Media just may have whispered to the world that it’s off to a strong start in 2022.
But, just how is the company led by CEO Mary Berner faring compared to Q4 2019, the new bellwether for broadcast media companies given the super-strong political dollars seen in the final three months of 2020?
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A new Radio World ebook explores what radio engineers and managers should know about MPX in 2022.
It explores what MPX is and why broadcasters should care — the benefits and cost savings; the impact on infrastructure/signal chain integrity and security.
Is there an engineering advantage? What “flavors” of MPX are there? How have MPX and its applications evolved in recent years? What are important considerations in creating an MPX path over IP, and what misconceptions do users have about it?
Veteran engineering consultant Ed Bukont and experts from sponsors Telos Alliance, WorldCast Systems, Digigram and Thimeo Audio Technology provide insights into this important topic.
The post MPX in the Digital Age: A New Ebook appeared first on Radio World.
Promoting the power and reach of radio around the globe is the goal of the newly formed World Radio Alliance.
In celebration of World Radio Day 2022, trade associations in the U.S., Europe, Canada and Australia joined forces to form the new alliance. The group of 14 trade organizations represents radio companies and radio advertising bureaus, such as the Radio Advertising Bureau in the United States, Radio Connects in Canada and Radiocentre in the United Kingdom. The Association of European Radios, which represents 5,000 commercial radio stations across Europe, is also supporting the effort.
Lucy Barrett, client director at Radiocentre, will serve as inaugural president and will steer the group’s activities. Barrett will work in tandem with new World Radio Alliance Vice President Caroline Gianias, president of Radio Connects in Canada.
“The time is absolutely right to join forces and speak with a collective voice,” said Barrett. “Over the last decade we have seen the rise of more commercial audio formats such as music streaming services and podcasts, yet commercial radio’s dominance in the sector remains pretty much intact. As the world has become smaller, with media decisions often taken across whole regions and continents, it’s crucial we come together to tell the success story of radio in a consistent and unified manner.”
The group officially launched on Feb. 10, a few days before World Radio Day on Feb. 13, with the below video compilation highlighting the strength of radio. The organization’s website also includes resources such as testimonials and research tools.
The 14 inaugural members of the World Radio Alliance are:
The post Organizations Join Forces to Create World Radio Alliance appeared first on Radio World.
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