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Townsquare Reports Strong Q1 Results, Advertisers Continue To Love Digital
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Radio Ink - Radio's Premier Management and Marketing Magazine
Eric Rhoads - Chairman
Deborah Parenti - Publisher
Ed Ryan - Editor-in-Chief
Brida Connolly - Managing Editor
Adrian Zupp - Associate Editor
Rob Dumke - Associate Editor
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Radio Headlines For Wednesday 05-08-19
 
Those are the words of CEO Bill Wilson who says just as many people come to the company's digital products as their radio stations. "We are not your average radio company." [read more]
 
 
Net revenue (on a same station basis) came in at $93.7 million, an increase of 4.7% for the first three months of 2019. Excluding political, which was down $400,000, Townsquare was up an even stronger 5.1% and the company continues to knock it out of the park when it comes to digital. [read more]
 
According to The IAB, digital advertising revenue in 2018 reached an all-time high of $107.5 billion — exceeding the $100 billion mark for the first time. That translates to a 22% increase over the 2017 total of $88.3 billion. Mobile and video are leading the way. [read more]
 
That ruling came down Tuesday from U.S. District Court Judge Robin Rosenburg in West Palm Beach after the Department of Justice went after RM Broadcasting in Washington DC. [read more]
 
 
Former radio programmer Dave Beasing is the founder of Sound That Brands, a creative ad agency for podcasts. We speak with him, live, this Friday on Podcasting For Radio Dummies at 9 a.m. [read more]
 
Desert Mountain Broadcasting is purchasing Connoisseur's six-station cluster in Billings, Montana, which includes: KPLN-FM, KWMY-FM, KRZN-FM, KRKX-FM, KYYA-AM, and KBLG-AM. It's Desert Mountain Broadcasting CEO Cam Maxwell's launch into ownership. The sale price was $3 million. [read more]
 
And 50 of them have written a letter to Mitch McConnell and Chuck Schumer urging the Senate to pass it. If turned into law the PIRATE Act would give the FCC new enforcement tools to combat pirate radio stations [read more]
 
 
A brand new issue of Radio Ink Magazine is now out. That's bad news for non-subscribers. In addition to a killer story about the awesome success of Kristin Cantrell's Seven Mountains Media, this issue is overflowing with articles and information that are going to help you out-manage, outsell, and out-work the competition. We also have a special feature on WFAN's Gregg Giannotti that will not be published online. If you feel the need to succeed, subscribe HERE. [read more]
 
Long-time Nashville sports talker George Plaster retired from radio three years ago to become associate athletics director at Belmont University. His new show, starting in July, will air on WSM-AM from 3-6 p.m. [read more]
 
The Mentoring & Inspiring Women in Radio Group has announced the four radio professionals selected to participate as mentees in the 2019 MIW Group Mildred Carter Mentoring Program. They are... [read more]
 
 
Sun Broadcast Group is expanding. The company has opened a West Coast office in Los Angeles. In addition, SBG has hired Ed Moloney to work out of that office as Affiliate Content Director. [read more]
 
Rich Zeoli has been hosting afternoon drive on WPHT/Philadelphia since 2015, but beginning May 13, The Rich Zeoli Show will take over morning drive. Zeoli joined Entercom as an on-air host in 2010. [read more]
 
 
Thanks to our friends at djmastercontrol.com for this classic of Don Sherwood from KSFO San Francisco -- one of the greatest morning men in radio history. Send your Blast From The Past photo to edryantheeditor@gmail.com. [read more]
 
 
iheartradioOn Tuesday, at the Google I/O conference, Google announced that iHeartRadio will be participating in developing an Android Automotive OS experience as an early access partner. [read more]
 
Radio One Richmond is partnering up with Richmond Department of Parks, Recreation and Community Facilities and the Enrichmond Foundation to host the 12th Annual “Send-A-Kid to Camp” Radiothon, Thursday May 9. [read more]
 
Are you hearing things about your market? Let us investigate. Radio Ink Magazine is the only 27-year-old trade magazine in the radio industry. That's the result of a lot of trust over those years. Send all news tips in total confidence, and any other station news to Radio Ink Editor Ed Ryan at edryantheeditor@gmail.com. [read more]
 
 
 
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With the FREE Daily Radio News e-mail from RBR+TVBR, you get all of the news that moves your business ... and your competitors. Editor-in-Chief Adam Jacobson offers extensive coverage of Townsquare Media's Q1 earnings results, and shares details of a sports radio network's forthcoming rebranding. Subscribe HERE
 
 
 




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