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Umojo: In Parking, No Reviews is Good News

Imagine that one of your VIP monthly parkers has just left work and is rushing to the airport for a last-minute business trip. The customer is running late and stressed due to a work meeting that ran overtime. ....

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Radio Earnings: Podcasts a Big Factor in 2021

Podcasts double-digit growth creates an attractive narrative for investors.
Only in a pandemic could a business have bounding optimism after losing a fifth of its revenue in one year. That s radio in 2021 as companies dug themselves out of a deep second-quarter hole caused by store closures and stay-at-home orders across the country.
iHeartMedia s 2020 revenue was $2.95 billion, down 20% from $3.68 billion in 2019, according to the company s earnings report released Thursday. That deep loss is secondary to the improvements made over the year, however. Although revenues for the fourth quarter period covering October through December were 9% lower than a year earlier ($1.03 billion compared to $936 million), they were an improvement from the 47% and 29% deficits in the second and third quarters, respectively. ....

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