HD Radio Ad Network Grows

4-8-15

iBiquity Digital Corporation announced Thursday its HD Radio Ad Network has expanded to 60 markets nationwide. Launched in 2014, the program is an aggregated network of HD2/HD3 stations that provides advertisers a way to reach consumer, plus gives content owners syndication opportunities. Additionally, the HD Radio Ad Network says its consumer audience is growing rapidly, thanks largely to the increasing number of HD Radio equipped vehicles -- now more than 25 Million.

President and CEO of iBiquity Digital Robert Struble said: "We have created an efficient way for broadcasters to aggregate HD2/HD3 stations into a national network that delivers valuable consumer audiences. Advertisers are benefitting, we are delivering revenue to our broadcast partners and we anticipate compelling program distribution options going forward."

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SiriusXM Revenue Grows 11%

4-24-14

It was the 9th consecutive quarter of double-digit revenue growth for the satellite radio company. For the first quarter of 2014, SiriusXM generated $851 million in subscriber revenue and $22.2 million in advertising revenue. Add in equipment and other revenue and the total for Q1 was $997.7. CEO Jim Meyer said the company performed ahead of expectations in the quarter. Free cash flow grew 56 percent to $223 million, adjusted EBITDA climbed 28 percent to $335 million, and adjusted EBITDA margin was 33.5 percent in the quarter. 

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Cumulus Grows in Chicago

1-3-14

It could be announced as early as today that Cumulus will pick up the two Merlin stations in the City of Chicago (market #3) as the company continues to grow its footprint in major markets to compete more with Clear Channel on every level possible. Speculation is that Cumulus will take over the stations in an LMA today. The Alternative rock format of WKQX-FM once heard at 101.1 will return to that dial position from 87.7, which is actually a low-power TV station, whose audio can be heard on 87.7 FM.. The current format at 101.1 (90's from 2K to today) will go away. Also, "Chicago's Classic Rock Station, WLUP-FM (The Loop) will continue as is at 97.9. The legendary WLUP has been carrying the Classic Rock format for nearly 40 years. There had been some speculation that Cumulus would drop the NASH format onto one of the signals if a deal would be worked out, however, that is not the case as of today.

Cumulus owns WLS-AM and WLS-FM in Chicago. Launched in 2011, Merlin Media, run by Randy Michaels with funding from GTCR, has been shedding stations, most recently selling its Philadelphia outlet to EMF for a little over $20 Million. Merlin had purchased WWIQ in Philly one year earlier for $22.5 Million.

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As the App Grows, So Must The Staff

11-7-13

Today Clear Channel named Chris Williams Senior Vice President of iHeartRadio Programming. In this newly created position, Williams (pictured) will report to Executive Vice President and General Manager of National Programming Platforms Darren Davis and work closely with Lakamp. Williams most recently served as VP of Programming for Clear Channel Cincinnati, overseeing seven stations. He's been with Clear Channel since 2005.

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Hendrie Grows His Digital Presence

3-13-13

Talk Radio Network personality Phil Hendrie has partnered with LEG Digital and Courtside Media?s Launchpad Digital Media to increase his growing digital fan base. Hendrie has also launched a new weekly Podcast with Bobby Dooley which is a Hendrie (female) character which can be heard at TheSideShowNetwork.com, PhilHendrieShow.com, iTunes, and PodcastOne.com. The first Dooley podcast garnered more than 15,000 downloads in three days.

Managing Partner at LEG Digital Darrin McAfee says, ?I?ve been a huge fan of Phil?s for the last 15 years.  Knowing and enjoying the magnitude of his talent, it?s obvious to me that he?s well on his way to the next plateau of his career.?

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Entercom Q4 Revenue Grows 7%

2/8/13
Net revenue in Q4 for Entercom was $102.1 million, an increase of 7% over 2011. Operating income grew 16% to $40.4 million.And, free cash flow increased 6% to $22.0 million. For the year, Entercom posted a 2% increase in net revenue taking in $388.9 million. Operating income for 2012 was down 14% to $136.6 million. And, free cash flow decreased to $63.1 million.

In a press release, Entercom CEO David Field stated, ?Entercom finished 2012 with a solid fourth quarter as Revenues grew by 7% and Adjusted EBITDA increased by 17%. For the year, prudent cost management drove expenses down by 4% and enabled a 15% increase in Adjusted EBITDA on 2% Revenue growth. We enter 2013 with a strong balance sheet, an outstanding lineup of great brands and content, and a powerful array of emerging digital platforms. We are also highly enthused by a number of positive industry developments over the past few months which bolster the industry?s future prospects. Industry research continues to show robust radio listening levels and strong advertiser effectiveness, while recent announcements by Sprint, Nielsen and others reaffirm radio?s importance in today?s media landscape.?

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Local Focus Radio Grows Some More

5-29-2012

Local Focus Radio has finalized a new national representation agreement with Rocking M Radio, bringing 17 new KS stations to their roster. Local Focus has signed over 40 stations in 4 months, and the company says it is adding salespeople and opening new offices. 

Local Focus President Kay Olin said, "Our growth has been steady in the last year and remarkable since January. I am confident that our mission to serve independent broadcasters is on target. More and more owners and operators are looking for new, unique options because they believe they are currently being underserved. We offer a great choice for stations who don?t want to be represented by the same owners that they compete with locally. Chris Miller and Rocking M Radio understand our value and commitment and we are so excited to have them as part of the Local Focus Radio family."

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Randy Michaels Grows In Chicago.

4-24-2012

It's somewhat of an odd pickup but it's a new signal nonetheless. Merlin enters into an LMA with WLFM-LP to program and sell ads at 87.7 on the dial starting this Monday. WLFM-LP is a low-power Chicago area TV station whose audio can be heard on 87.7, video can be received with VHF antenna?s and viewed on Comcast Cable Channel 877 where it is currently playing Smooth Jazz and displaying local news weather and traffic. Beginning at 1:00pm Wednesday WLFM-LP will air news updates from FM News 101.1 WIQI-FM.

John Gehron, Chairman of Merlin Media?s Advisory Committee said, ?We believe this transaction will create significant value for viewers and listeners of 87.7. The opportunity to expand the footprint of Merlin Media in Chicago is very exciting. Our goal is to expand the video and interactive components of WLFM-LP. We want to continue the focus of serving underserved audiences.?

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