NAB Pushes Congress Over 50% Mark

4-29-14

The NAB announced Tuesday that a majority of the U.S. House of Representatives is now co-sponsoring a resolution that opposes "any new performance fee, tax, royalty, or other charge" on local radio stations. Four more Representatives added their names in support of the Local Radio Freedom Act, bringing the number of co-sponsors to 219 Members of the House and 14 Senators.

The members of the bipartisan group adding their support to the Local Radio Freedom Act are Democratic Reps William Keating (MA-9) and Stephen Lynch (MA-8) and Republican Reps. John Culbertson (TX-7) and David McKinley (WV-1).

"We applaud all the co-sponsors of the Local Radio Freedom Act for voicing their strong support for America's hometown radio stations," said NAB President and CEO Gordon Smith. "A job-killing performance tax would be devastating to free and local radio, which has an overall economic impact of over $513 billion in gross domestic product and generates more than one million jobs annually. This resolution reaffirms Congress' appreciation for the public service and economic benefits radio broadcasters provide to every community, while recognizing the mutually beneficial relationship between radio and performing artists."

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Greater Media Pushes Out Digital Content

2-25-14

The company announced several of its radio shows will now make their content available via the Google Newsstand and Currents platforms. Listeners can access audio, video, and written-word content from four Greater Media shows on their iPad, iPhone via the Currents app, or Android devices via the Google Newsstand app. Greater Media VP of Program Development Buzz Knight says, ?It's exciting to see Greater Media offer listeners a new way to access content from our talented shows on phone and tablets. We love being available to our audience wherever they want to find us."

The shows now available on the Google Newstand and Currents platforms are:
WROR-FM?s morning hosts Loren & Wally (Boston)
WRIF?s morning show Dave & Chuck The Freak (Detroit)
Hot 96.9 personality Melissa (Boston)
WLNK?s morning show Bob & Sheri (Charlotte)

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Political Pushes Cumulus Positive

3-18-13

Cumulus reported net revenues for the three months ended December 31, 2012 increased $2.9 million, or 1.0 percent, to $284.2 million, compared to $281.3 million for the three months ended December 31, 2011. The increase was due to political advertising. Cumulus CEO Lew Dickey said the three strongest categories for Cumulus in Q4 were Auto, Real Estate, and Banking.

Dickey also said pacing in the first quarter is down about 2% with January and February down 3% each and March looking a little better. He said consumer spending was "lethargic," with advertisers deferring orders, especially at the network level. In the second quarter, Dickey says, pacing is up about 5% with network business still pacing negative.

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