Archive for July, 2017

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    Pandora Beats The Street, But Sees Dip In Listener Hours

    Updated at 7pm Eastern Here’s the good news for beleaguered Pandora Media  shareholders: The company’s total consolidated revenue in Q2 was $376.8 million, a 10% year-over-year increase. Additionally, its gross profit increased to $133 million, from $126 million, in Q2, as its all-important advertising revenue improved to $278.2 million, from $265.1 million. That may not matter to shareholders come Tuesday’s Opening Bell on Wall Street: Pandora saw a net loss available to common shareholders of $289.6 million ($1.20) in Q2, compared to $76.3 million (33 cents per share) in Q2 2016. This includes a goodwill impairment charge to reflect a one-time write down related to the net assets of Ticketfly and other one-time expenses related to the financing transaction.

    Bohannon: Role Model Is Not a Voluntary Position

    Read the advice offered to graduates by the radio host

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    RadioTraffic Officially Acquired By Marketron

    Marketron , a provider of business software solutions and services to the media industry, has completed its purchased RadioTraffic , a traffic and billing system used by approximately 1,000 radio stations. Closing of the deal took place today (7/31). Marketron is headed by President/CEO Jeff Haley , while RadioTraffic is founded and operated by Dave Scott

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    ABC Radio, Skyview Sky-High Over Multi-Year Extension

    ABC Radio and Skyview Networks have agreed to an early extension of their content, ad sales, affiliate sales and audio distribution agreement. This early renewal means their close relationship will continue through 2026. The companies believe the renewal allows ABC Radio and Skyview Networks to continue their growth in audio syndication and sales, while preparing the two entities to expand their relationship with news and entertainment brands seeking strategic partnerships that generate strong results. “In August 2014, ABC Radio and Skyview Networks partnered to offer radio stations exceptional content while offering advertising clients unique opportunities to associate with ABC’s brands,” said Steve Jones , VP/GM of ABC Radio. “Since then, we have affiliated over 1,650 radio stations reaching 73-million listeners weekly

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    RMLC Responds To SESAC Discount Offer

    Late last week, the Radio Music License Committee (RMLC) learned that RMLC-represented stations were awarded a more-than-60% discount off of the SESAC radio station license rate card. The substantial fee reduction applies for the license period January 1, 2016 through December 31, 2018. The RMLC points out that SESAC had offered stations that chose not to arbitrate only a 5% discount. “In contrast, many of the RMLC-Represented Stations that chose to participate in the arbitration, and that overpaid SESAC on an interim basis since 2016, will now receive a combined credit worth tens of millions of dollars,” the RMLC says

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    Pandora, Discovery Dip On Earnings Flops

    It was a difficult day on Wall Street for both  Pandora Media  and  Discovery Communications , as both companies released second-quarter earnings that will likely see displeasure from many shareholders. Pandora saw its stock dip some 5.8%, to $8.95, ahead of a Q2 earnings report reflecting a drop in total listener hours and a much wider net loss. Meanwhile, Discovery shares finished the day off 8.2%, to $24.60, after the company failed to meet the Street on its earnings estimates—results that came as Discovery agreed to a $90 per-share acquisition of Scripps Interactive Networks. Also on Wall Street today,  Urban One  was down 7.5%, to $1.85, while  TEGNA  fell 3.5%, to $14.83. For a full look at today’s closing prices, please visit the Wall Street Report on the homepage of RBR.com.

    Spotify’s Subscriber Numbers Top 60 Million

    SPOTIFY has surpassed 60 million paying subscribers worldwide – and it’s growing faster than ever. In the first seven months of the year, it has added 15 million subscribers. By … more

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    A Pair Of Closings, Brokered By Patrick

    Two radio station deals have closed, and both feature  Patrick Communications  as the broker handling the transaction. These deals take top billing in RBR+TVBR’s  TRANSACTIONS TODAY  for Monday, July 31.

    Beasley Q2 Net Revenue Reaches $61 Million

    Beasley Broadcast Group saw an impressive 119.7% increase in net revenue thanks to recent station transactions.

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    Are Your Stations Getting Auto Dealer Crumbs?

    Borrell Associates  on Tuesday will release its annual outlook on automotive advertising. As a “sneak peek” of the latest research from the firm led by  Gordon Borrell , the local media industry’s leading analyst provided a snapshot of how car dealers allocate their advertising dollars. What does the portrait look like? It’s not so great for TV, and it’s downright lousy for radio. Click here to Login & view the full article & read our famous RBR+TVBR observation (Not a member?

    Rob Clement Adds Afternoons At KOMA-HD2 (92.9 The Edge)/OKC

    TYLER MEDIA Alternative KOMA-HD2 (92.9 THE EDGE)/OKLAHOMA CITY MD/Promotions Director ROB CLEMENT adds PM-drive. ROB is the first on-air personality on the station since THE EDGE signed on in … more

    Joel Weiss Joins Satori Radio As Dir./Music Content

    Former COX MEDIA Alternative WSUN (97X)/TAMPA MD/afternooner JOEL WEISS has joined new online start-up SATORI RADIO (NET NEWS, 6/1) as Director Of Music Content. JOEL WEISS said, … more

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