He calls it a tale of two cities with respect to national performance. What Cumulus CEO Lew Dickey is referring to is how iHeartMedia is reporting their national business is up and the rest of the industry reports natoinal down, in some cases down big. The largest national rep firm, Katz, is owned by iHeartmedia. Dickey did give iHeart credit for building their scale and investment in national infrastructure. Cumulus is building a similar large-scale company but trying to catch up, building out Westwood and NASH. Dickey says the national business problem is systemic and he aimed his comments directly at iHeartmedia. HERE'S THE FULL STORY.
Radio revenue has been, at best, flat over the last several years. Everyone knows that. What has radio executives scratching their head is whether or not it's just the anemic economy or if big dollars are moving to digital. Well, here's your answer. According to Standard Media Index, over the past nine months, $150 million has gone directly from radio to digital. But don't feel too bad, that number is far higher for television.