Time Spent Listening Declines

12-4-14

On Wednesday, Nielsen published its latest report of American media consumption, called "Total Audience Report." The report says time spent listening to radio by adults 18 and over has gone from two hours and 51 minutes per day in Q3 of 2012 to two hours and 44 minutes per day in the third quarter of 2014. Looking at the monthly numbers, listening has gone from 60 hours and 42 minutes in 2013 to 58 hours and 53 minutes this year. And breaking the numbers down by week, despite a massive influx of new devices to consume content, radio was second only to traditional TV in nearly every demo.

The largest age demo listening to radio every week was 50-64, which listened for nearly 15 hours per week. That was followed by the 35-49 demo at 13 hours and 48 minutes and the 65 and over demo at just over 12 hours. The 18-24 category was 10.5 hours per week and teens came in at 7 hours and 23 minutes. 

By comparison, Nielsen says Adults 35-49 watched traditional TV for 30 hours per week, 25-35 for 23 hours per week and 50-64 nearly 40 hours per week. The 65 and over crowd are watching for over 47 hours per week. The Nielsen numbers also included watching time shifted TV, Using a Blue-Ray device, a multi-media device, using the Internet, watching video and using an app.

So Time Spent Listening has declined slightly, despite consumers having more devices than ever before to consumer all sorts of content. When compared to what's happening to the newspaper industry, one might argue radio is holding up very well. What are your thoughts? What do you believe? How strong is radio today? Leave your thoughts below.

(12/4/2014 5:22:13 AM)
If 2014 teen # is 7 hours and 23 minutes, what was same # for 2013? I ask because Nielsen published an 18+ not the usual 12+ chart which raises concerns about how steep the 12-17 drop was...

http://www.radioworld.com/Portals/0/Nielsentotalaudience1232014.png

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Univision Radio Revenue Declines 15.7% in Q2

7-22-14

For the second quarter ending June 30, net revenue at Univision's radio stations decreased 15.7% to $75.6 million compared to $89.7 million in 2013. The reasons the company gave for the decline were lower ratings, market revenue declines and $5.6 million in advertising revenue that shifted from Television to Radio for The World Cup.

On the TV side Univision net revenue increased 26.2% to $713.9 million compared to $565.8 million. Univision says in 2014 The World Cup will deliver $174.3 Million in advertising revenue to the company. Expenses to broadcast The World Cup will be about $154 Million. CEO Randy Falco also admitted the firing of a "major talent," (Eddie "Piolin" Sotelo)  last fall had something to do with the drop in revenue. Falco also says radio is pacing down in the high single digits in Q3 and, "maybe we'll get to positive in the 4th quarter. It's not clear yet."

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Journal Radio Revenue Declines 4%

4-29-14

For the first quarter, revenue from Journal's radio properties decreased 4 percent to $15.2 million. The company says local ad revenue, excluding political, decreased 3.2 percent primarily due to a decrease in restaurant and financial advertising. Digital revenue, which is reported in local revenue, increased $600,000 (7.8%). National advertising revenue, excluding political, decreased 18.0 percent, primarily due to a decrease in automotive and financial advertising. Total revenue, excluding political revenue, was $15.1 million, down 4.2 percent. The company expects revenue in the second quarter to increase in the low-single digits.

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Entravision Q4 Revenue Declines 6%

2-28-14

Entravision's net revenue decreased to $60.1 million for the fourth quarter. The company says $2.7 million was generated by its television segment due to a decrease in political advertising revenue. That decrease was only partially offset by increases in local advertising revenue and retransmission consent revenue.  $1 million of the overall decrease was generated by radio, also due to political comps. Entravision CEO Walter Ulloa said Q4 saw continued growth in the company's core advertising revenue.

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Saga Q1 Revenue Declines 1.3%

5-7-13
Saga reported net operating revenue for the quarter decreased 1.3 percent to $29.0 million from $29.3 million for the same period last year. CFO Sam Bush said the quarter was challenging from a revenue perspective. National revenue was down $505,000 and political revenue was $500,000 one year ago compared to $62,000 in 2013.

Net income for the period increased 9.0 percent to $3.0 million compared to net income of $2.7 million for the same period last year. Operating income from continuing operations decreased 1.9 percent to $4.9 million compared to $5.0 million for the same period last year. 

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SBS Reports Q3 Revenue Declines 2%

11-12-2012

Net radio revenue at SBS was $31.2 million compared to $31 million one year ago. The 2 percent drop was blamed on local and network sales all across the SBS markets. CEO Raul Alarcon said, ?We continued to experience an uneven advertising environment, primarily in our radio division, although we were able to generate increases in our barter, national, and interactive sales. SBS owns and/or operates 21 stations located in New York, Los Angeles, Miami, Chicago, San Francisco, and Puerto Rico.

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Revenue Declines Reason Mayo is Gone?

3-120-2012

Officially, Mayo who has served as President of Radio for Radio One since August 2007, resigned to pursue other opportunities. However, Radio One revenues have been disappointing over the past few quarters, blamed on the economy and format changes, and Mayo may have been the one to have to fall on the sword. It seemed odd that Mayo was not on the last Radio One earnings call, a call in which Radio One CEO Alfred Liggins said he was shocked by the perfornace of his Radio division. No replacement has been announced yet by Liggins.

Mayo and Radio One released a joint statement about the split. Mayo said, "Partnering with Alfred and helping to execute his vision has been a rewarding experience, and I am proud of what we have accomplished. I am grateful for the support shown me during my tenure. While I will miss the relationships forged, I am truly looking forward to the next phase of my career."

Radio One's CEO Alfred Liggins and President said, "Barry has been an integral member of Radio One's executive management team for nearly five years, and he has served the Company with passion and distinction. I am grateful for Barry's contributions to the success of the Company's initiatives, particularly given the challenging economic environment. I understand, however, that there comes a time for change in a person's career, and I fully respect Barry's decision to undertake new challenges.  I truly wish him well."

Prior to joining Radio One, Mr. Mayo served as a consultant to the Company through his firm Mayomedia, a media consulting firm specializing in urban markets. Mayo has held numerous senior management positions during his 30 plus years in the industry. He began as a program director and he helped create one of the largest urban stations in the country, WRKS-FM, in New York.  Three years after joining the programming staff at WRKS-FM, Mr. Mayo became Vice President and General Manager of that station.  In 1988, he and a group of partners founded Broadcast Partners.  While Mayo served as President, Broadcast Partners grew into an eleven-station, publicly traded company with stations in Dallas, New York, Chicago and Charlotte.  In 1995, Mayo sold his share of Broadcast Partners and founded Mayomedia. In 2003, he was recruited back to New York to become the Senior Vice President and Market Manager for Emmis. He left Emmis Radio in 2006 to resume his consulting career and began working with Radio One in July 2006 as a consultant.

(3/20/2012 7:01:09 AM)
Barry was PD at WGCI-FM Chicago, before NYC, and the station had a meteoric rise, and success story. It took 25 years to kill off the ratings that Barry achieved. He was not on the call, as he was on a once-in-a-lifetime vacation in Tanzania. Barry is also an accomplished longtime photographer, so, some people paint paintings, while others take photos with cameras.

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Supreme Court Declines ASCAP Appeal.

The Digital Media Association praised the U.S. Supreme Court?s rejection of an ASCAP appeal of a lower court?s ruling that digital music downloads do not constitute public performances and therefore are not subject to performance royalties.

ASCAP, which collects royalties on behalf of songwriters for public performances, such as radio airplay, had argued that the transmission of a download to a purchaser should be considered a performance as well as a distribution, and should bear BOTH a reproduction-distribution royalty and a performance royalty. The 2nd Circuit determined that ?Unlike musical works played during radio broadcasts and stream transmissions, downloaded musical works are transmitted at one point in time and performed at another.  Transmittal without a performance does not constitute a ?public performance.??

DiMA?s interim Executive Director Lee Knife said, ?A lower court rightly ruled that ASCAP does not deserve an additional royalty payment from online music services that provide downloads, and DiMA and our member companies are pleased that the Supreme Court declined ASCAP?s request for appeal of that decision. DiMA?s members are committed to paying appropriate royalties, and they pay songwriters and music publishers fairly and fully for digital downloads when reproduction and distribution rights are implicated.?

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Radio One Q2 Revenue Declines 3.4%

Radio One net revenue declined from $62.3 million in Q2 of 2010 to $60.1 million in Q2 this year. The company says says Baltimore, Columbus, Dallas and Houston posted the most significant declines. Radio One's Barry Mayo told investors "the biggest problem is in Houston" where he says Radio One is dealing with rates being dropped significantly by competitors. He says the same is happening in Baltimore and by two competitors in that market. In Dallas Mayo said "we helped mess that station up but by the end of the year we expect to see the gap in Dallas largely closed."

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