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Wednesday, February 10, 2021 : TALKERS magazine – "The bible of talk media."

Wednesday, February 10, 2021
TALKERS | February 10, 2021
Beasley Broadcast Group’s Q4 2020 Net Revenue Declines 5.1%. Reporting on the fourth quarter and the full year of 2020,
Beasley Broadcast Group – parent company of Beasley Media Group – reports net revenue of $68.5 million for the fourth quarter, a decline of 5.1% over the same period in 2019. For the full year, net revenue was $206.1 million, a decrease of 23.7% from the $261.6 million reported in 2019. There was positive news from the fourth quarter as operating income rose 54% to $19.6 million and station operating income increased 25.2% to $20.1 million. However, for the full
year of 2020, the company posted an operating loss of $4.3 million and station operating income declined 86% to $24 million. Beasley CEO ....

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Entercom Enters Into Sales and Content Alliance with TEGNA's Locked On Podcast Network

Leading Daily Local Sports Podcast Network to be Available Nationwide via RADIO.COM
Locked On Marks Entercom’s Fourth Recent Agreement to Leverage its National Sports Dominance Across Audio, Digital and Sports Betting
PHILADELPHIA–(BUSINESS WIRE)–Entercom (NYSE: ETM), a leading media and entertainment company, the unrivaled leader in local sports radio and the home of RADIO.COM, today announced a content agreement with Locked On Podcast Network, the No. 1 daily local sports podcast network that was recently acquired by TEGNA, Inc. (NYSE: TGNA), a leading local media company.
Today’s announcement marks Entercom’s fourth recent agreement to leverage its dominance in sports audio, including: a marketing alliance with FanDuel, the leading online sports and entertainment company, which is now the official sportsbook partner of Entercom; the Company’s acquisition of sports data and iGaming affiliate platform QL Gaming Group; and, the recent announcement of the la ....

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Tegna Buys Locked On Podcast Network, Startup Focused on Pro and College Sports Teams

Tegna Buys Locked On Podcast Network, Startup Focused on Pro and College Sports Teams
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Tegna wants a bigger piece of the podcast action: The TV station group announced the acquisition of Locked On Podcast Network, which produces some 160 daily shows for teams across the U.S.’s four major pro sports leagues and more than 30 colleges.
Terms of the deal were not disclosed. Tegna said it will finance the acquisition through cash on hand, noting that the acquisition is not expected to materially affect its 2021 financial results. Park City, Utah-based Locked On will remain a standalone business within Tegna, expanding its podcast footprint alongside digital content studio Vault Studios and individual Tegna stations’ podcasting efforts. ....

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