Page 3 - Perry Michael News Today

The 2023 RADIO HALL OF FAME inductees are JOHN DEBELLA, GERRY HOUSE, DEBORAH PARENTI, BOB RIVERS, PAT ST. JOHN, SHADOE STEVENS, NINA TOTENBERG, and CHARLES WARFIELD.The honorees, announced TODAY (7/31) by the MUSEUM OF BROADCAST COMMUNICATIONS, will be celebrated in a ceremony on NOVEMBER 2nd in NEW YORK, with CHRISTOPHER "MAD DOG" RUSSO as master of ceremonies.RADIO HALL OF FAME Co-Chair KRAIG T. KITCHIN said, “My congratulations to our newest inductees. I’m thrilled to .....

LIVE NATION ENTERTAINMENT second quarter 2023 revenue jumped 27% year-over-year to $5.6 billion, with operating income up 21% to $386 million, and adjusted operating income up 23% to $590 million. Concert revenue rose 29% to $4.6 billion, ticketing revenue grew 23% to $709 million, and sponsorship and advertising revenue rose 15% to $310 million.Pres./CEO MICHAEL RAPINO said, “Live music is bigger than ever, with global demand driving the industry to record levels. Theres a more ...

CUMULUS MEDIA saw second quarter 2023 revenue dip 11% to $210.1 million, leading to net income falling from a gain of $8.654 million to a loss of $1.068 million (-6 cents/share) and Adjusted EBITDA dropping 32.6% to $30.676 million. Broadcast radio revenue fell 16.5% to $146.763 million, while digital revenues fell 0.7% to $37.538 million.Pres./CEO MARY G. BERNERs press release statement focused on meeting projections, saying, “Despite continued challenges in the overall market, our ...

UNIVERSAL MUSIC  GROUP second quarter revenue rose 6.4% year-over-year (8.8% in constant currency) to €2.7 billion, credited to growth in the Recorded Music and Merchandising and Other segments. EBITDA fell 0.4% to €505 million but Adjusted EBITDA increased 16.4% to €590 million. Recorded Music subscription revenue increased 10.6% to €1.1 billion and streaming revenue grew 2.9% to €358 million; physical sales increased 7.6% to €326 million. Music publishing ...

SPOTIFY second quarter 2023 revenue rose 11% year-over-year to €3.2 billion, with growth for both premium (11%) and ad-supported (12%) versions. Operating loss widened from €194 million to €247 million, while Adjusted operating loss narrowed from €174 million to €112 million. Total monthly active users increased 27% to 515 million, with premium subscriber count up 17% to 210 million and ad-supported users up 34% to 317 million. Gross profit increased 9% to €766 ...

VP/Exec. Editor at Large and Interim Head of News EDITH CHAPIN has become the permanent SVP/News and Editor in Chief at NPR. CHAPIN has been with the network since 2012 and was serving as interim news chief since NOVEMBER.Pres./CEO JOHN LANSING said, "EDITH is a tremendous news leader: she has the news judgment to guide our storytelling, believes in the power of NPRs mission, has worked closely with Member station newsrooms, and has the global vision to bring international, national and ...

ROB ROBERTS has earned a promotion at COX MEDIA GROUP, with the SAN ANTONIO cluster Dir./Operations upped to Director of CHR Content, overseeing the companys Top 40 stations in MIAMI, TAMPA, JACKSONVILLE, and LONG ISLAND.“The opportunity to make great radio with the CMG CHR programmers and brands is a dream,” said ROBERTS. “Thank you to ROB BABIN, CHRIS EAGAN and DAVID ABEL for making this happen. It’s truly an honor and Im proud to be part of this ...

FRANCES MOORE is retiring as CEO of IFPI at the end of 2023. MOORE joined IFPI in 1994 as Regional Dir./EUROPE and has been CEO of the music industry trade organization since 2010; she will remain on board through the end of the year to help find her successor and aid in the transition.A statement from the IFPI Main Board read, “We thank FRANCES for all of her many accomplishments navigating IFPI through arguably the most demanding and complex period of modern music’s history. At ...

SALEM MEDIA GROUP, facing a delisting warning from NASDAQ (NET NEWS 6/26), is tightening its belt with five GMs taking on additional markets. The changes include LOS ANGELES Regional VP/GM TERRY FAHY adding OXNARD, SAN DIEGO GM STEVE BRODSKY adding HONOLULU, PORTLAND GM DENNIS HAYES adding SEATTLE, CLEVELAND GM DENNIS HAYES adding PITTSBURGH, and SACRAMENTO Regional VP/GM MARK DURKIN adding PHOENIX, The company said that in some cases, the former GMs in the added markets will remain on board ...

BRIAN LONG is returning to BONNEVILLE, this time as Dir./Programming for the companys PHOENIX cluster, including News-Talk KTAR-F (KTAR NEWS), Sports KMVP-F (ARIZONA SPORTS), and Sports KTAR-A (ESPN 620), and will serve as PD for the two Sports stations, replacing SEAN THOMPSON, who exited to return to the east coast in JUNE. LONG, most recently PD at News-Talk KOGO-A and Sports KGB-A/SAN DIEGO, worked for BONNEVILLE as PD at Sports KIRO-A (710 ESPN)/SEATTLE in 2010-14. In addition, KTAR-F ...