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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 Audacy’s WFAN-AM/FM, New York and CBS Sports Radio, effective July 1. Eskin, who has been brand manager for the company’s 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, “Spike has ...

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 compar...

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...

Wednesday, May 5, 2021 admin | May 5, 2021 Cumulus Media’s 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 company’s numbers by segment, broadcast radio spot sales was $92.9 million, a decline of 23.8% from the first quarter of 2020, while n...

Beasley Broadcast Group – parent of Beasley Media Group – reveals a decline in net revenue of 17.8%, from $57.7 million in Q1 2020 to $48.2 million in Q1 2021. While station operating income was down, $5.2 million compared to $6.7 million in Q1 2020, Beasley greatly reduced its operating loss from $7.1 million in the first quarter of 2020 to $2.5 million in the first quarter of 2021. Beasley CEO Caroline Beasley says, “Beasley reported 2021 first quarter financial results consistent with the expectations we outlined when we reported the 2020 fourth quarter, as our strong rev...