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iHeartMedia Revenue Falls In First Quarter, But Digital And Podcasting Again Show ...


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iHeartMedia Revenue Falls In First Quarter, But Digital And Podcasting Again Show Promise
May 7, 2021 at 1:20 AM (PT)
Digital Growth
iHEARTMEDIA first quarter 2021 revenue fell 9.5% year-to-year to $707 million (off 7% excluding political), but the company hastened to point out that the results were better than its guidance, which predicted revenues to slide 11-13%, and credited digital for the difference. Digital Audio Group revenues rose 70% year-over-year, with podcasting revenues up 142%. Digital represented 22% of overall revenues and 39% of Adjusted EBITDA. Multiplatform Group revenues (including traditional radio, which fell 22.3%, and networks, off 14.5%) fell 20.9%, blamed on the pandemic; Audio & Media Services revenue (including KATZ) decreased 8.5% (but up 0.7% excluding political revenue). ....

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DAS Audio opens subsidiary in Germany


DAS Audio opens subsidiary in Germany
Thursday, 6 May 2021
Managing director and partner Arne Deterts
Germany - As part of a plan to increase its presence in Europe, Valencia-based DAS Audio is set to open a new subsidiary office in Germany on 1 June 2021. Currently celebrating its 50th anniversary, the manufacturer has branches in the USA, South America and Asia.
DAS Audio GmbH will be in charge of sales, marketing and customer service of DAS Audio Germany under the direction of managing director and partner Arne Deterts.
Deterts was the head of the German branch of dBTechnologies for more than 20 years, including as the managing director for the last eight and until he left the company. ....

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