Podcasting revenue at iHeartMedia jumped 13 percent in the three months ended June 30, 2023, reaching $97 million, while the rest of the company’s revenues continued to be impacted by softness in the advertising market. iHeartMedia reported total revenue of $920 million in the second quarter, down 3.6 percent from a year ago but better …
Second quarter 2023 revenue dipped 3.6% year-over-year to $920 million at iHEARTMEDIA, which the company quickly noted slightly beat its guidance of "down mid-single digits" for the quarter. Excluding political revenue, revenue declined 1.8%. Consolidated Adjusted EBITDA dropped from $237 million to $191 million, and GAAP Operating Income fell from a gain of $83 million to a loss of $897 million, which includes $961 million of non-cash intangible impairment charges.The company s .
IHEARTMEDIA is buying Hot AC WAYV/ATLANTIC CITY, Top 40/Rhythmic WZBZ (99.3 THE BUZZ)/PLEASANTVILLE-ATLANTIC CITY, Classic Rock WZXL/WILDWOOD, NJ, and R&B WTTH/MARGATE CITY-ATLANTIC CITY from EQUITY COMMUNICATIONS for an undisclosed price.“iHEARTMEDIA is the multiplatform leader in audio built on the power of radio, and this acquisition underscores our commitment to broadcast radio’s continued growth and success as the no. 1 reach medium in the U.S. These stations have a long .
IHEARTMEDIA Triple A KBCO/DENVER announces that BRAD WHITE has been named PD. He replaces SCOTT ARBOUGH who retired from the position in MARCH after 38 years at the station. (Net News 3/09)Region Senior Vice President of Programming for iHeartMedia Rockies Region JOJO TURNBEAUGH shared “BRAD WHITE has been instrumental in the overall success of KBCO for the last decade and has been deserving of this move for a very long time. I can’t wait to see where he takes this award-winning .
CUMULUS MEDIA News-Talk WJR/DETROIT has promoted ANN THOMAS to Program Director, making her the first female PD in the station’s 101-year history. She rises from her previous role as APD and Executive Producer for WJR.MIKE WHEELER, former WJR PD, has been upped to Operations Manager for CUMULUS DETROIT/ANN ARBOR, managing operations for the four DETROIT stations and four ANN ARBOR stations. The DETROIT native s broadcasting experience includes more than 20 years in regional roles with .
RYAN SEACREST has been named PAT SAJAK s successor as host of the syndicated "WHEEL OF FORTUNE." SAJAK announced his pending retirement two weeks ago and will be stepping down next year; SEACREST recently exited the syndicated TV talk show "LIVE WITH KELLY AND RYAN" but continues his iHEARTMEDIA and Top 40 KIIS/LOS ANGELES hosting duties as well as hosting ABC s "AMERICAN IDOL."SEACREST issued a statement saying, "I m truly humbled to be stepping into the .