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CUMULUS MEDIA first quarter 2022 total revenue rose 15% year-over-year to $232 million, and the company s net loss narrowed 95.9% to $905,000 (4 cents/share). Broadcast radio spot revenue rose 11.9% to $103.9 million, with network revenue up 5.2% to $65.3 million; digital revenue jumped 17.8% to $31.9 million. Adjusted EBITDA increased 249.5% to 31.2 million. With the financial release, the company also announced an up to $50 million stock buyback program, and in a letter to shareholders, . ....
IHEARTMEDIA R&B WDIA (1070-A)/MEMPHIS longtime PD/morning man BOBBY O JAY passed away this morning (5/3). His cause of death is unknown. O’JAY was inducted into the TENNESSEE RADIO HALL OF FAME in 2021 (NET NEWS 4/28/21).O’JAY had been a fixture on WDIA since 1983 as PD/air personality. His radio career stops included MILWAUKEE, HOUSTON, DALLAS, and WBMX/CHICAGO. There s no more information at this time. ....
CUMULUS MEDIA has upped EVP/Content and Audience BRIAN PHILIPS to Chief Content Officer, continuing to report to Pres./CEO MARY G. BERNER.“BRIAN PHILIPS is an exceptional executive and the perfect choice to lead our programming efforts as we continue to execute our audio-first strategy, which is transforming the company from a traditional radio broadcaster into a multi-dimensional audio media company,” said BERNER. “This promotion reflects BRIAN’s tremendous . ....
SONY MUSIC NASHVILLE (SMN) has realigned its ARISTA, COLUMBIA and RCA NASHVILLE promotions teams, effective immediately, with the creation of the new position of Sr. Dir./Promotion & Artist Development for each team, supporting their respective VPs on tactical strategies and platform initiatives. LYNDSAY CHURCH, LAUREN LONGBINE and MALLORY MICHAELS will take on this new position for ARISTA, COLUMBIA and RCA NASHVILLE, respectively. Each rises from a regional promotion position, and CHURCH . ....
EVP/Promotion, COLUMBIA RECORDS, PETER GRAY announced WILT WALLACE as the new SVP/Urban Promotion. WALLACE will report to GRAY. Prior to joining the COLUMBIA RECORDS team, ATLANTA-based WALLACE held the role of SVP/Urban Promotion at WARNER RECORDS, where he rose through the ranks from the mix-show team up to SVP. GRAY said, “WILT has an impressive & remarkably modern approach to promotion that consistently reaches the top of the urban airplay charts. It’s a genuine . ....