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TOWNSQUARE MEDIA first quarter 2023 net revenue rose 3% year-over-year to $103.1 million, while net income fell from a gain of $2.7 million to a loss of $1.9 million (-14 cents/basic and diluted share), attributed to non-cash impairment charges. The bright spot for revenue was the Digital Advertising segment, up 15.4% to $33.7 million, while the Broadcast Advertising segment dipped 4.8% to $45.9 million and the Subscription Digital Marketing Solutions division dropped 1.3% to $21.6 ...

The finalists have been announced for the 2023 RADIO MERCURY AWARDS.“After coming out of a turbulent few years, one takeaway from this year’s judging is that comedy is back,” said VMLY&R Exec. Creative Dir. and RADIO MERCURY AWARDS Chief Judge SHERMAN WINFIELD. “It was great for the final round jury to hear agencies, clients and radio stations become comfortable again with combining humor and entertainment with their messaging.”“This year’s ...

WARNER MUSIC GROUP CORP. fiscal second quarter 2023 total revenue increased 2% (5% in constant currency) year-over-year to $1.4 billion, with recorded music revenue flat at $1.1 million, music publishing revenue up 12% to $257 million, and digital revenue up 1% to $942 million. Net income fell 60% to $37 million (6 cents/basic and diluted share), while Adjusted net income rose 5% to $116 million. OIBDA dipped 19% to $207 million, and Adjusted OIBDA rose 4% to $286 million. The label's top ...

Revenue jumped 73% year-over-year to $3.1 billion for LIVE NATION ENTERTAINMENT, with Adjusted Operating Income rising 53% to $320 million. Concert revenue rose 89% to $2.3 billion, with ticketing revenue rising 41% to $678 million and sponsorship and advertising revenue up 47% to $170.1 million.Pres./CEO MICHAEL RAPINO, in the company's earnings release, wrote, "2023 is off to a tremendous start.  For the first time in three years, all of our markets are fully open. The common ...

IHEARTMEDIA saw first quarter 2023 revenue dip 3.8% year-over-year to $811 million, with Consolidated Adjusted EBITDA down from $145 million to $93 million and GAAP Operating Income falling from a gain of $12 million to a loss of $49 million. Free Cash Flow dipped to negative $133 million. The company's earnings release noted that the results were slightly better than its guidance for the quarter. Multiplatform Group (including broadcast radio) revenue fell 7% to $529 million, with Segment ...