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| Bressler: We Were Surprised By Soft Ad Market, Revenue At iHeart’s Radio Stations Was Up |
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| Radio Headlines For Friday 5-5-17 |
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 It all started with tips from now former iHeartMedia employees that they were being pink slipped in several markets throughout the country (we've received the same tips from now former CBS employees). It leaves many people in the radio industry scratching their heads, wondering just how deep you can cut into these companies and deliver a product the consumer continues to love. [read more] |
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 On Thursday morning, there were a lot of questions from analysts about iHeartMedia's debt, higher expenses, and how the company will survive moving forward. iHeartCommunications has $365 million in cash compared to $845 million a year ago. Expenses were up, operating income was down, and debt remained flat at $20.3 billion. [read more] |
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 Revenues increased $27.3 million, or 3.8%, excluding political revenue. CFO Richard Bressler said it was the 16th consecutive quarter of year-over-year revenue growth for iHeart's radio stations, and he added that iHeart was outperforming its peers in the radio industry. [read more] |
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 That statement always results in mixed reviews from the radio industry. The bigger companies applaud while the smaller companies and independent operators believe consolidation is what's ruining radio. The Radio One CEO says the reason he believes more consolidation is.... [read more] |
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 CEO Alfred Liggins said it was a tough quarter, to say the least. Net revenue was approximately $101.3 million, a decrease of 7.1% from Q1 2016. National revenue was off by 8.7% in the quarter, while local dropped 5.9%. All advertising categories were down, including Government (24%), Automotive (13.4%), and Healthcare (9.3%). [read more] |
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 It takes a lot of digging to find the radio results when CBS Corporation holds its quarterly earnings calls. The company is all about TV and hopeful that radio is soon in its rear-view mirror, as Entercom gets set to take over the CBS stations. Revenue at CBS Radio stations dropped from $262 million in Q1 of 2016 to $250 million in 2017. [read more] |
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 In Q1, net revenue decreased $1.3 million (4.1%), the exact amount of political Saga was off by in the quarter. Saga CEO Ed Christian said additional problems in Q1 included a bad economy in the state of Illinois, where Saga has two markets, and declining income of farmers, which affects four Saga stations. [read more] |
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 Revenue from Entravision's 49 Spanish-language radio stations in Q1 was $57.5 Million, compared to $58.1 Million in Q1 of 2016. Of course the reason for the decline was the lack of political advertising dollars. The company also reported that both national and local revenue were down in the radio division in Q1. [read more] |
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 Facebook reported first-quarter revenue of $7.86 billion, an increase of 51% over the same period in 2016. Not only does Facebook's revenue continue to grow, monthly users are up. That metric increased 17% in Q1 to 1.94 billion. [read more] |
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 Ryan Steelberg, President of Veritone, and one of the world’s foremost experts in online advertising, will co-host the first in a series of free Radio Ink and RBR-TVBR webinars starting May 23 at 1 p.m. ET. Ryan will reveal new tool sets that enable broadcasters and advertisers to increase ROI and campaign measurement. (REGISTER HERE). [read more] |
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 Along with 13 returning members, these 12 new members will plan the agenda for next year’s Country Radio Seminar scheduled for Feb. 5-7 in Nashville. Heading up this year’s agenda committee is Cumulus' Greg Frey serving as Chairman, alongside co-chair's Cox Media Group Market Manager Judy Lakin and iHeartMedia's Jay Cruze. [read more] |
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 117 spots and campaigns have made it to the finals of the 2017 Radio Mercury Awards, which honors outstanding radio created by advertising agencies, production companies, radio stations and students. BBDO NY, DeVito/Verdi, and iHeartMedia Creative Services lead this year’s entries throughout multiple categories. [read more] |
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 It seems Fox News is in the news as much as it reports the news lately, and most of the news is not good. Now, Fox News Radio Network's former Middle East correspondent, Jessica Golloher says she was fired in retaliation for using the company hotline to complain about gender discrimination. [read more] |
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 Beasley Media Group knows a good thing when they have it, so they’ve signed the guys to a 4-year extension at Detroit Rock station 101.1 WRIF. Co-hosts Dave Hunter and Chuck “The Freak” Urquhart, along with co-host Lisa Way, have the top morning show in the Motor City and are looking to keep it that way [read more] |
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 It all started with online voting. Our readers, the foot soldiers of the radio industry, chimed in with the managers and owners they love working for, the ones they learn the most from, the people that move this industry forward. The one rule we had was that these 20 leaders could not have been on Radio Ink's 40 Most Powerful People in Radio list in 2016. [read more] |
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 Thanks to Greg Merrill of Media Services Group for sending in this classic of himself from 1974 at KBLW-AM in Logan, Utah. The station was locally owned by a family at the time. We'd love to see your classic photo. Send us YOUR classic photo to
edryantheeditor@gmail.com [read more] |
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 Does your company or station have a news item you'd like us to run in our morning headlines? Do you have a news tip we need to investigate? Is someone being promoted at your station you'd like to recognize? Send all the details to Radio Ink Editor Ed Ryan at edryantheeditor@gmail.com [read more] |
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 Stop hiding it. Tell us all about it so we can brag about it to the entire industry. If your radio station is producing great radio content that's making a big impact on the community, we want to hear about it. Don't be shy. Let us shout about your great work from the industry's rooftop. Send all the details to Radio Ink Editor-in-Chief Ed Ryan at edryantheeditor@gmail.com. [read more] |
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