Page 20 - Perry Michael News Today : Breaking News, Live Updates & Top Stories | Vimarsana

AUDACY revenues fell 3.8% year-over-year to $317 million in third quarter 2022 as the company's financial woes continue, with a 6% drop in radio revenues more than offsetting a 2% increase in digital revenues to $62.7 million. Operating income dipped from a gain of $29.3 million to a loss of $151.9 million. Net loss widened from $4.8 million to $141 million (-4 to -$1.01/basic and diluted share). The company, which faces possible delisting of its stock as the price remains below $1/share, saw ...

BEASLEY BROADCAST GROUP, INC. saw third quarter 2022 revenues rise just a little and net income go from loss to gain, with a 1.2% year-over-year revenue increase to $63.8 million and income going from a loss of $1.6 million to a gain of $500,000 (2 cents/diluted share). The revenue rise was attributed to increases in digital revenue, political and other revenue, partially offset by a slight decrease in audio revenue, blamed on "softness" in national agency sales. The company ended ...

Revenue rose but income dipped for SALEM MEDIA GROUP in third quarter 2022, with total revenue up 1.3% year-over-year to $66.9 million and net income off from $22.1 million to a loss of $11.9 million (81 to -44 cents/share), although 2021's number included $11.2 million in PPP loan forgiveness and $10.6 million in gain from real estate sales and the sale of a financial newsletter, less $2.5 million in various charges; 2022's figure included $11.5 million in one-time charges. Adjusted EBITDA ...

Radio was flat, digital was up again, and overall revenue rose for iHEARTMEDIA in third quarter 2022, with a 7% year-over-year revenue increase to $989 million, but GAAP operating income fell from $80 million to a loss of $211 million, which includes a $302 million non-cash impairment charge on the company's FCC licenses driven by increased interest rates. Adjusted EBITDA rose 10% to $252 million.The Multiplatform Group, which includes iHEART's radio properties, was flat at $660 million of ...

URBAN ONE, INC. is reporting an 8.9% increase year-over-year in net revenue to $121.4 million for third quarter 2022, with net income down about 69% to $4.2 million (9 cents/basic share). Adjusted EBITDA rose from $42.7 million to $44.3 million. Radio segment advertising revenue rose 4.6% to $45.1 million, but same station revenue, excluding political advertising, fell 1.3%. REACH MEDIA revenue increased 1.3%; political advertising rode the midterm spending wave with a 289% jump to $2.8 ...