Given the state of the economy, last week wasn’t so bad for radio/media company investors. And this week might improve depending on what Federal Reserve Chair Ben Bernanke says, and what Sirius XM reports in its fourth quarter and full 2009 earnings press conference on Thursday. Saga Communications, Cumulus Media, Entercom, and Citadel all reported […]
Down down down. Clear Channel and Cumulus’ third quarter earnings dropped 19 and 18.5 percent respectively compared to Q3 of 2008. Clear Channel reported revenues of $660.6 million in the third quarter of 2009 and $813.4 million for the same in 2008. Cumulus’ net revenues sank from $80.0 million last year to $65.1 million this […]
Tough times necessitate creativity, not to mention a little bit of compassion. Not to be left behind the National Association of Broadcasters serves up both by offering what it’s euphemistically calling a “free agent rate” [scroll down to the bottom] which gives discounted registration of only $179 to its upcoming Radio Show convention. Radio magazine […]
