Wednesday, May 12, 2021
TALKERS | May 12, 2021
Audacy Names Spike Eskin VP of Programming for WFAN, New York and CBS Sports Radio. Sports and radio programming pro
Spike Eskin is being promoted to vice president of programming for
Audacyâs WFAN-AM/FM, New York and
CBS Sports Radio, effective July 1. Eskin, who has been brand manager for the companyâs sports talk WIP-FM, Philadelphia, will take over for longtime WFAN programmer
Mark Chernoff, who is stepping down from his roles with Audacy on June 30. Audacy New York SVP and market manager
Chris Oliviero says, âSpike has the vision, creativity, and drive to craft the next chapter of the iconic and
Saga Communications 2021 First Quarter Net Revenue Down 15.5%. The 2021 first quarter financial report from
Saga Communications reveals net revenue for the period was $22.3 million, a decrease of 15.5% from the same period in 2020. Net income was $758,000, a decline of 75% from the net income of $1.68 million posted in Q1 of 2020 (although Saga was one of the few audio companies to post income and not a loss). Station operating expense decreased $3.3 million to $18.9 million for the quarter compared to the same period in 2020. Station operating income was $4.7 million for the quarter compared to $5.5 million for the first quarter last year. Free cash flow increased 21.4% to $1.8 million for the quarter. Saga Communicationâs balance sheet reflects $56.3 million in cash on hand as of March 31, 2021 and $57.4 million as of May 3, 2021. The companyâs total bank debt remained at $10 million as of the end of the first quarter 2021.
Saga Communications Q1 Net Revenue Down 15.5%. Reporting its financial data for the first quarter of 2021,
Saga Communications announces net revenue for the period was $22.3 million, a decline of 15.5% from the $26.1 million reported in Q1 of 2020. Station operating expense decreased $3.3 million to $18.9 million for the quarter compared to the same period last year. Station operating income was $4.7 million, down from the $5.5 million reported in the first quarter 0f 2020. Free cash flow increased 21.4% to $1.8 million for the quarter. Saga Communications reports net income of $758,000 in the first quarter, compared to $1.7 million in Q1 2020. The companyâs balance sheet reflects $56.3 million in cash on hand as of March 31, 2021 and $57.4 million as of May 3, 2021. Sagaâs total bank debt remained at $10 million as of the end of the first quarter 2021. Capital expenditures in the first quarter were $534,000 compared to $1 million for the same period last year. Saga
Wednesday, May 5, 2021
admin | May 5, 2021
Cumulus Mediaâs 2021 First Quarter Net Revenue Down 11.5%; Net Loss $21.9 Million. Reporting its financial data for the first quarter of 2021,
Cumulus Media reveals net revenue for the period was $201.7 million, a decrease of 11.5% from the same period in 2020. The company also is reporting a net loss of $21.9 million compared to the net loss of $7.3 million from the same period in 2020. Breaking down the companyâs numbers by segment, broadcast radio spot sales was $92.9 million, a decline of 23.8% from the first quarter of 2020, while network radio (
Westwood One) revenue was $62 million, a dip of 5.6% year-over-year. Cumulus Mediaâs digital segment was up 23.7% on revenue of $27.1 million. Cumulus Media president and
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