Industry News

Matt Levin is chief engineer for River Radio in Columbus, Ohio, and does contract engineering for several stations. Our interview with him is from the Radio World ebook “Trends in Audio Processing for Radio.”

Radio World: We’re asking users and manufacturers for their take on key trends in processing.

Matt Levin: I think the biggest development in processing is the shift from conventional dedicated hardware boxes to software that can run on a server with an alternative method for the MPX audio to get to the transmitter.

By shifting to software, it allows you to do your processing on your own server hardware, either on a physical box or in a virtual machine, or in the cloud via hosted services. Virtualization is the direction pure IT infrastructure went years ago and now the radio industry is finally embracing this concept from automation vendors to now processing vendors.

One of the keys to allowing this to work fully was the invention of the MicroMPX codec by Hans van Zutphen and his employee Mathijs Vos, and now through their collaboration with the Telos Alliance, we’re seeing products employing this technology. We are seeing further innovation by Telos and Nautel to synchronize the HD Radio and FM audio across the internet, which was the last major problem to solve before this becomes the norm for processing moving forward.

The other major benefit to this model is that it brings the cost of good processing capability down, as there is no expensive hardware box to design, build, maintain and support by the manufacturers. It’s just a server that most IT savvy engineers can maintain on their own, so really it’s a win-win for everyone!

RW: What should we know about differences in processing for various types of platform?

Levin: The needs are very different.

The worst thing an engineer could do would be to take the OTA FM signal and feed it into a web encoder. Low-bitrate webstream encoders do not deal well with a lot of density, or clipping, both of which are employed for FM OTA.

For FM OTA processing we are trying to overcome both the inherent noise in the FM analog broadcast system, and the road noise in automobiles, as studies have proven that most FM OTA listening is done while driving. Even with FM HD OTA we want some density there to overcome the road noise I spoke of, although you obviously don’t want all the clipping designed for the FM analog system.

Streaming in my opinion always needs its own separate processing which uses gentle, low-ratio compression, mainly for consistency between each piece of audio, and with some light lookahead limiting for peak protection on the encoder.

The other thing I’ve discovered through my own experience with low-bitrate webstream encoders, both MP3 and HE-AAC, is that they don’t deal well with excessive stereo enhancing or excessive warm bass/low mid-range material.

This seems to muddy everything in the codec, and too much stereo energy also causes havoc in the encoder, so careful shaping of the audio to pull some of the muddy area out, and use of very light spatial enhancing should be employed here.

Since podcasts deal primarily with speech, but are still typically low-bitrate-encoded audio files, the same rules apply from my previous streaming comments with the added aspect to keep the voice region clean, intelligible, and consistent.

RW: With “hybrid” platforms, a listener might tune to an FM but then drive out of market and the receiver switches to the online stream. What “matching” challenges does this present?

Levin: As this technology becomes more prevalent, paying attention to your web stream processing becomes more and more important, as it won’t just be in homes and offices anymore, but now in cars as well and for the masses.

This is where creating your “sonic signature” on both your OTA and your stream is so important. While the needs of processing for streaming differ greatly, you can still create a certain “sound” for your station that stays consistent on all platforms.

Take the time to listen to your FM, HD and web stream and come up with something that sounds comparable on all platforms.

RW: Where might further dramatic improvements in processing power come from?

Levin: Unfortunately, I think the needs today are more about trying to repair the damage done to the music by poor mastering techniques used by the record labels, and/or the damage done by using lossy codecs in the distribution process. Processing has become more than just compression, limiting and clipping.

Modern processors of today also have to repair the audio before it ever hits the compression stages. Different manufacturers are finding different ways to do this; these tools aim either to declip and add dynamics to audio that the mastering process has over-processed and over-clipped, or restore missing spectrum and remove artifacts from lossy compression.

Those that implement these repair tools in their processors have a cleaner product going into the compression stages, and will end up with a much-better-sounding product on the output, and I think we will continue to see more of these kinds of tools.

Additionally, there has been effort put into preparing the output audio or processors feeding low-bitrate codecs (i.e. streaming or HD) to prevent artifacts from being generated in the codec itself; all in an effort to get the best sounding audio to the user.

RW: We’ve also been asking folks if radio processing has attained such a condition of “hypercompression” that there has been little further change in how loud one can make over-the-air audio.

Levin: I have actually seen a significant amount of development from several of the leading processor manufacturers to create cleaner and cleaner clipping structures. Each employs different techniques to do this, so each has different side effects, but as a whole, the loudness levels we are able to achieve today while still keeping the audio clean and free of clipping grunge, distortion, and artifacts out of the top boxes on the market is actually a huge improvement over the boxes of 10+ years ago.

Now, how the engineers are turning the knobs on these boxes at their individual stations is another story. I think in some cases engineers are still abusing even these modern clippers and driving them past the point of sounding good, and further damaging the end user experience by over modulating significantly, causing massive amounts of distortion in modern DSP receivers.

I’m finding as I travel that most modern DSP-based HD capable receivers start to induce distortion on anything over 110%, and while many markets and engineers stay below this and can maintain clean audio, there are others that choose to carelessly overmodulate by as much as 140%, and you can imagine how bad that can sound on a modern receivers.

As much effort as the manufacturers have put into cleaning up the audio and providing a better product for the end user, it’s still up to the engineer installing and setting up their air chain and processing to make sure that they are using the tools at their disposal to provide the best possible product to their listeners.

I remember a day when radio sounded better than the music you would buy and listen to on your own, when processing actually improved the sound. With the power of modern processors, this is still possible today, but so many markets I’ve driven through recently this is sadly not the case. I long for the day when we as an industry strive for that goal once again, to sound better than the other streaming services and listening options out there.

RW: Could radio see loss of potential audience due to listening fatigue?

Levin: We as an industry are driving listeners away by bad practices, not only by overcompression, overclipping and overmodulating, but let’s add overusing Voltair to that list as well. I’ve traveled to some markets where all I hear is PPM tones adding flange effect and reverb effect to everything going over the air.

We have to do a better job of caring what our product sounds like if we hope to stay relevant in the future. Now sure, there may be some listeners out there who don’t care; but there are a lot that do.

While they may not be able to tell you why they can’t stand to listen to a particular radio station for more than a few songs or a few minutes before it drives them crazy or makes them want to turn the volume down, I wager that if you had the same content on a much cleaner-sounding delivery system, they would suddenly find it much less annoying and actually find themselves turning the volume up, instead of down or off.

Give listeners a reason to turn the volume up, make your station sound good!

Comment on this or any article. Email radioworld@futurenet.com with “Letter to the Editor” in the subject field.

 

The post Processors Are Tasked With Repairing Damage appeared first on Radio World.

The author is sales, marketing and PR manager for 2wcom Systems GmbH.

This article appeared in Radio World’s “Trends in Codecs and STLs for 2020” ebook.

These days most studios run their AoIP networks to produce audio content. In theory, keeping the studio’s contribution separate from distribution offers flexibility at all sites; and separating the audio portion from transmitting sources such as satellite, DAB+ or IP provides various benefits.

Practically speaking, it’s now necessary to change perspective: IP offers broadcasters significantly more flexibility for the transmission of content, so more and more broadcasters and recording studios are deciding to expand IP-based networks.

But broadband and fiber optic are growing at very different rates internationally. So in addition to the use of IP-based structures, flexible alternative distribution paths must be available.

[Check Out More of Radio World’s Ebooks Here]

This leads to the question of how best to link contribution and distribution. The answer is to keep it in segments, because an increasing number of stations are multimedia, streaming audio and video along their facility’s networks.

First Segment: Studio Sites

To connect the studio’s networks with the headend and finally all transmitter sites, we should consider several aspects for our audio setup. The AoIP codec chosen for this should meet at least five key requirements.

A typical facility distribution following the audio, left to right, from a studio through 2wcom digital audio IP encoders into the 2wcom multimedia over IP network cloud (MoIN). It then moves into available distribution channels — internet, DAB multiplex or satellite — and then onto broadcast transmitters.

First, it must be stable even when operating in WANs. This can be achieved by providing features for transmission robustness like redundant internal or external power supplies; software redundancy, e.g. forward error correction or SRT; and dual streaming or parallel streaming with different audio bitrates. Also, please consider a backup with an alternative source to ensure that your content is transmitted, say, via satellite in case IP lines fail.

Second, the codec must provide all audio formats normally used in a studio, like Enhanced aptX, most ACC profiles or MPEG formats, Opus, Ogg Vorbis, PCM and Dolby. Moreover, compatibility of the different frame sizes of AAC Profiles and Opus is important. Put each manufacturer through its paces to ensure that its products support all possible variants of an audio algorithm.

Third, the codec must support all common protocols as well as standards for internet interoperability such as Livewire+, Ravenna, AES67, EBU Tech 3326 or SMPTE ST2110 full-stack.

Fourth, flexible stream management must be possible in means of channel scalability and MPEG multiplexing facilities. This includes perfect network synchronization by supporting PTPv2 and 1PPS. Especially for audio description of live events, synchronization down to the microsecond is essential.

Fifth, management and control of each audio over IP codec of all studios in a network should be available remotely via PC web interface, supporting SNMP, Ember+, JSON or NMOS. The main system control should be accessible hands-on via local hardware control in case a WAN becomes inaccessible.

As a result of the above, all studios in a static or mobile network can fall back on a unified codec solution while keeping their independence. From a budgetary point of view, a system as described above provides the chance for all studios of a network to rely on existing AoIP setups.

Second Segment: Headend 

The demand for the perfect link at the headend implies all of the requirements mentioned above, plus NTP (Network Time Protocol) for network synchronization. Moreover, the solution should just collect the forwarded studio programs to make them available by simply transcoding the streams respectively to the different distribution sources — audio over IP, DAB+ or satellite. This could be achieved by a multimedia-over-IP network server software, flexible, integratable into existing structures in hardware, VMs or as a containerized cloud service.

A system setup that fulfills the requirements described above ensures a “non-locked-in” arrangement. The headend/multiplexing system and studio systems are not hosted on the same network but kept separate from each other; thus, it is possible to replace one or the other if needed without bringing the companion operation down.

An aside about virtualization. We are at the beginning of the use of virtualized products. Be aware that virtualization counts on maintenance. This goes along with the wishes I have often heard from our customers that a broadcast network should be expandable as easily as possible, add new services with a mouse click and mirror the configuration of one device to another.

Scalability can be notably improved by using virtualization strategies. The possibilities that have been introduced by Docker or VMware to copy instances, take snapshots or run them across multiple hardware devices are a great improvement to scale and maintain networks.

That also has a major impact on needed rack space. Thanks to virtualization, applications can share the same hardware or even run as a swarm across multiple hardware units with different hardware configurations.

As a result, the number of devices needed is reduced to a minimum, because server hardware has in most cases a lot more processing power than the specialized hardware of codec manufacturers. Thanks to AES67 and other AoIP standards, the requirements for real hardware interfaces are slowly disappearing, and that is opening the door for virtualized solutions dependent on an all-IP infrastructure. With high bandwidth and robust IP lines, audio processing in the cloud becomes possible. In consequence, manufacturers have to pick up the pace and offer their solutions as virtualized software.

Third Segment — Imagination

With a little imagination such networks have been utilized for a variety of transportation duties. Here’s a beginning list.

Web-based programming streams are taken in by a 2wcom multimedia over IP network. They can then be routed to a satellite program distribution path or down an IP path to transmitters.

Icecast/HLS to DVB Transport Stream Transcoding: This is used by a number of customers who want to make webstreams available on a DVB transport stream that can be sent in cable networks or via satellite.

Audio is directly fed into the 2wcom MoIN digital multimedia network, where it can be routed to a streaming encoder or directly to a content delivery network and then into web streaming.

Streaming Encoder: Software can also be used to feed a streaming encoder, for example, the Wowza streaming cloud; or the solution transcodes the audio signals to adaptive bitrate protocols like HLS that can be distributed to the end customer by using a CDN.

AES67 to WAN Bridge: With a great number of supported audio over IP protocols, a “multimedia over IP” network server can transcode signals from studio networks that use AES67, Dante, WheatNet, Ravenna or Livewire+ to a format that is suitable for wide-area networks. For example, the studio signals can be transcoded to Opus for a low-bitrate transmission with SMPTE 2022 conform error protection or using Secure Reliable Transport (SRT). That enables a studio-to-studio bridge that can overcome even stressful network conditions.

The author says solutions that support standards, protocols, multiple audio formats and redundancy enable the most use cases.

On-Demand Transcoders: The multimedia over IP network server software offers scalable activation of codecs in means of number and time. This allows flexible handling of alternative audio streams such as an audio description of a video, to guarantee accessibility for blind and visually handicapped persons. Or, when a multimedia contribution is produced, operators are enabled to process simultaneous audio commentaries for the video, station website, social media and the radio broadcast.

 

The post Digital Networks Must Facilitate Operations appeared first on Radio World.

The author is chairman of the WorldDAB Automotive Working Group and head of Development Entertainment & Car Functions at Volkswagen Car SW.Org Wolfsburg AG.

The EBU’s Digital Radio Summit took place online in February, featuring a wide range of speakers and presentations outlining radio’s multiplatform future.

Radio’s place in the car was high on the agenda throughout the day and I got the opportunity to share — in my capacity as chair of the WorldDAB Automotive Work Group (AWG) — some insights into the uptake of DAB+ digital radio in the car and highlight some of WorldDAB’s recent initiatives in this space.

Strong growth for in-car DAB+ across Europe

The European Electronics Communication Code (EECC) came into force at the end of 2020, meaning new passenger cars sold throughout the EU are now required to include digital radio capabilities.

As expected, this has led to a surge in the number of new cars factory-fitted with DAB+ in Europe since the start of the year, and this growth is set to continue as more countries introduce national regulation reflecting the EECC.

Italy —which introduced national regulation mandating digital radio in the car at the start of 2020, well ahead of its European counterparts — is leading the way in this respect, with 90% of new cars sold now including DAB+ as standard.

Creating a great user experience

Getting DAB+ into cars is merely the first step of the process — in order to guarantee radio’s place at the heart of the connected dashboard, we ought to provide drivers with a great user experience.

Through WorldDAB and the WorldDAB AWG network, we bring together radio broadcasters and auto makers and facilitate cross-industry collaboration with the aim of continuously improving the in-car multimedia experience.

The importance of metadata

Metadata plays a key role in providing a positive user experience in the car, as it enables the visual information, text and graphics (such as station name and logo, presenter, song title and album artwork) to be displayed on the dashboard while a specific station is playing.

The WorldDAB AWG recently launched a campaign underlining the important role visual information now plays in providing a positive digital radio experience for drivers — and offering guidance to broadcasters on how to use information they already have in the form of metadata to provide a richer experience for the driver.

UX guidelines

Having a common understanding of the user interface in the car is essential, which is why the WorldDAB UX Group — a subgroup within the WorldDAB AWG — published the user experience (UX) guidelines.

Aimed at broadcasters and manufacturers, the guidelines are updated regularly to reflect the changing dashboard and radio’s place in it as well as creating this positive user experience for drivers.

Keeping up with new technologies

Voice control and speech recognition are now essential features in the car dashboard, enabling drivers to search and change stations seamlessly while keeping their eyes on the road.

With that in mind, this year WorldDAB and its members — both vehicle manufacturers and broadcasters — will develop within the UX guidelines guides to using voice control along with providing further clarity to broadcasters on phonemes and their importance.

As well as voice control, the extended guidelines will include new information on hybrid radio and how hybrid, with DAB+ at the heart of it, provides a great digital radio user experience in the car.

Other key areas of focus for the AWG are Android Automotive — and specifically, determining how these new technologies and operating systems will integrate hybrid radio — as well as radio’s place in electric vehicles.

DAB+ at the heart of hybrid

On Wednesday 10 March, WorldDAB and the European Broadcasting Union will co-host a two-hour session where experts will share their insights on how broadcasters can keep radio strong in the car, with DAB+ at the heart of the hybrid radio experience. Register here to attend the virtual event.

The post Steps to a Greater Digital Experience in Cars appeared first on Radio World.

Nexstar Media Group President of Broadcasting Tim Busch, a potential nominee for RBR+TVBR’s Broadcast Television’s Best Leaders of 2021, will retire on June 1, the company has announced.

It will conclude a 36-year career in the broadcast industry, with the last 20 years spent within Nexstar.

Busch joined Nexstar in 2000 as GM for the CBS affiliate serving Rochester, N.Y., WROC-8. Before that, Busch served as General Sales Manager and held various other sales positions
at NBC affiliate WGRZ-2 in Buffalo, his professional home from 1989 to 2000.

Earlier in his career, Busch worked in radio broadcasting, holding various sales and management positions at WGR-AM & FM (today WGRF) in Buffalo under Taft Broadcasting ownership.

During his tenure at Nexstar, Busch worked closely with company founder, chairman and CEO Perry Sook as Nexstar expanded its local television station group, digital offerings and
national market presence.

Sook commented, “Tim and I have worked collaboratively for over 20 years and I’m grateful for his leadership, expertise and friendship. Tim has been instrumental in building the foundation for what Nexstar has become and the values that we have established in terms of our commitment to our team members and the local communities where we operate. On behalf of Tom Carter, Elizabeth Ryder, our Board, shareholders and the entire Nexstar team, we thank him for his many contributions to our long-term success.’

He added that Busch leaves Nexstar “well positioned” to continue Nexstar’s growth as, Sook said, “we have a deep bench of experienced broadcast and digital executives and we are immediately commencing a search for Tim’s successor. We will miss Tim and wish him all the best as he enters the next phase of his life.”

Busch added, “Throughout my years at Nexstar, I have been fortunate to work directly with Perry Sook and Nexstar’s talented team which has re-shaped the industry, delivered great service to the viewers and users of our content and delivered compelling marketing solutions for companies of all sizes. I have had the honor of working with the executive leadership team that consistently drives strong growth and operating results reflecting the talents of our General Managers and team members across the Nexstar Nation. In addition
to building America’s largest local media company, I am proud of our countless accomplishments over the past two decades.

“With a dynamic executive team in place, I am highly confident that the next generation of leaders at Nexstar will extend the Company’s exemplary long-term record of success and the continued creation of shareholder value. I wish everyone in the Nexstar Nation the very
best as they execute on their plans for continued growth.”

Thursday evening’s big headline across business media was AT&T‘s revelation that it will sell a 30% stake in its satellite and terrestrial video services provider business, inclusive of DirecTV. The entity grabbing the stake: TPG Capital.

For Moody’s Investors Service, this is a credit positive move for AT&T.

The deal includes AT&T’s DirecTV, U-Verse, and all of AT&T’s virtual MVPD business, AT&T TV.

The transaction values DirecTV at about $16 billion, which is down considerably from the $67 billion that AT&T paid (including debt assumption) to acquire DirecTV in 2015.

TPG will pay $1.8 billion for its stake, which will include TPG receiving senior preferred equity yielding 10%. AT&T will have junior preferred equity in DirecTV that will PIK.

The new company will incur about $6 billion of new debt, with the proceeds expected to be distributed to AT&T at the close of the transaction.

As the DirecTV valuation is low, the transaction, Moody’s says, “is moderately credit positive for AT&T only because we expect that it will provide AT&T with about $7.8 billion of proceeds, which we expect will be used to help offset the company’s C-band auction cost obligation, which as a result, should quicken AT&T’s leverage reduction.”

The deal also includes AT&T funding about $2.5 billion of net losses from the NFL Sunday Ticket contract for the 2021 and 2022 seasons.

“The significant decline in DirecTV’s valuation is largely driven by the secular pressure hitting the linear pay-tv industry as consumers switch to over-the-top (OTT) MVPDs, subscription video on-demand (SVOD) and advertising video on-demand platforms, such as Netflix, Inc., Disney+, Amazon Prime, CBS All Access, HBOMAX and others,” Moody’s notes. “These secular headwinds as well as competition for resources within AT&T and failure to manage competitively have caused the company’s DirecTV business to be one of the hardest hit in the industry, as the company has lost over 7 million video connections over the past two years.”

Moody’s believes that DirecTV has been “a drag” on the company’s overall equity valuation.

Thus, it says, “it is logical that management would sell a part of this declining business and structure the sale such that it is deconsolidated from AT&T.”

Due to the pandemic, the company has shifted its strategic priorities and is now focusing on four things:

• investing in fiber/5G
• investing in streaming
• restoring the balance sheet to historical strength levels
• supporting the dividend

As a result, AT&T has divested multiple non-core assets over the past year.

In December 2020, the company announced the sale of its anime streaming service, Crunchyroll, to Sony Pictures Entertainment Inc., a wholly owned subsidiary of Sony Corporation, for $1.175 billion.

In October 2020, the company also closed on about $3 billion in proceeds from the sales of Central European Media and real estate, and the sale of its Puerto Rico and US Virgin Islands wireless business.

 

On the evening of Thursday, Feb. 18, Ed Stolz was placed in jail. U.S. Marshals arrested him, as he was a fugitive, unwilling to surrender control of his three FM radio stations to a court-appointed receiver in lieu of unpaid music royalty payments.

Stolz was released from jail one day later. Since then, U.S. District Court of the Central District of California’s Eastern Division, which is presided by Judge Jesus Bernal, continues to hear from the receiver, Larry Patrick, about Stolz’s interference.

Stolz, meanwhile, has filed an appeal of Bernal’s ruling in yet another attempt to thwart the loss of his FMs.

Please Login to view this premium content. (Not a member? Join Today!)

iHeartMedia is realigning its business operations by creating two new segments. The media company says it is making the adjustments to better reflect its increased focus on digital and improve visibility into the underlying performances of each segment.

The Mutliplatform Group will include the company’s 860 broadcast radio stations, Premiere Networks and its virtual and live events business. This group accounts for 75 percent of iHeartMedia’s revenue. Greg Ashlock will be its CEO.

The new Digital Audio Group includes podcasting and the company’s digital sites, digital services and digital advertising technology companies, including its pending acquisition Triton Digital. Conal Byrne becomes this group’s CEO.

“The company expects the Digital Audio Group will continue to grow as an increasing proportion of its business in the future,” it stated in its announcement, though it said the Multiplatform Group “remains the foundation business that has been at the heart of the company’s success, playing an important role in building its successful digital and podcasting businesses.

[Related: “For Radio, Audio Is the New Now”]

The divisions will report their financials separately and be run by different management groups, according to an iHeartMedia press release. Both segments will report to Bob Pittman, iHeartMedia chairman and CEO.

A separate Audio & Media Services segment includes Katz Media Group and software provider RCS.

Continued shift

“iHeartMedia is positioned to benefit in the continued shift of the broadcast and digital advertising marketplaces to data infused electronic platforms,” Pittman said during an earnings call Thursday.

The company reported fourth quarter 2020 revenue of $936 million on Thursday, a decline of 8.8% from a year earlier. It says it quarterly revenue deficits are narrowing as skittish advertisers return and the COVID-19 pandemic eases in parts of the United States. iHeartMedia previously reported a drop of 22% in revenue for Q3 2020 year-to-year.

iHeartMedia’s broadcast specific revenue was down 19% in Q4 2020 and down 26% excluding political, according to the financial report filed with the U.S. Securities and Exchange Commission.

The company reported significant political advertising, totaling $168 million for the year, its best year on record. Digital continues to standout for iHeartMedia, according to Pittman. Growth in digital the final quarter of 2020 was 53% year over year, according to the company’s filing with the report.

For the year, the pandemic caused a significant decline in revenue of nearly 20% compared to 2019. Total revenue was $2.9 billion in 2020 compared to nearly $3.7 billion in annual results the year prior.

Pittman said the company hopes to return to 2019 revenue levels by the end of this year but a lot depends on the rollout of the COVID-19 vaccines and the return of more advertisers.

Corporate expenses decreased 23.8% in 2020 compared to the year prior, according to the iHeartMedia SEC filing, resulting from cost reduction initiatives that resulted in lower employee compensation. In addition, the company’s modernization efforts delivered $50 million of in-year savings in 2020.

“The total operating expense savings resulting from our modernization initiatives and the operating cost savings initiatives that were developed in response to the impact from the COVID-19 pandemic generated approximately $250 million of cost reductions in 2020,” according to the financial statement.

COVID-19 takes its share

Pittman on Thursday’s earnings call said: “Like every ad supported business we were hit by the pandemic. We responded quickly to the downturn and used this to speed up our adoption of new technologies and best practices while making lasting changes to our company’s operating structure.”

The company said it will continue to centralize resources into what it calls Centers of Excellence.

The company’s capital expenditures for the year 2020 were $85.2 million compared to $112.2 million in 2019. Those capital expenditures last year consisted primarily of investments in its programmatic platforms and IT software and infrastructure, according to the company’s SEC filing.

The company is more optimistic about spending as it projects cap ex of $165 million to $185 million in 2021.

iHeartMedia’s fourth quarter results fell in line with most of the mega radio group owners in this country. Entercom reported earlier this week its 2020 revenues in the quarter fell 23 percent year-to-year. Cumulus Media fared a bit better reporting fourth quarter revenues in 2020 declined 13.1 percent compared to a year earlier.

iHeartMedia President/COO/CFO Rich Bressler said during Thursday earnings call the company projects “its first quarter 2021 revenue will be down 11 to 13 percent when compared to the year prior.”

The biggest commercial radio operator in the United States — which has been acquiring audio technology companies in the past couple of years and just announced the planned purchase of audio measurement company Triton Digital for $230 million in February — failed to make a significant dent in its overall debt in the quarter, according to the SEC filing.

As of Dec. 31, 2020, the company had just over $6 billion in total debt, virtually unchanged from the end of September.

Honeycomb investment

Also in February, Honeycomb Investments Ltd., an investment vehicle funded by Global Radio investor Michael Tabor, announced it had taken an 8.8% share in iHeartMedia, according to SEC filings. Honeycomb’s investors own Global, the largest radio and outdoor advertising company in the UK.

The investment totaled $117.6 million, according to several reports. Just last year the FCC gave approval to iHeartMedia’s petition to increase its foreign ownership beyond the 25% limit.

In its 10K annual report to the SEC filed Thursday, iHeartMedia said: “Honeycomb filed a Schedule 13D with the SEC reporting ownership of more than 5% of our voting stock and equity. Honeycomb acquired its interest without our knowledge or control, and we are fulfilling our obligations under the Declaratory Ruling and the FCC rules with respect to Honeycomb’s interest.”

 

 

The post iHeartMedia Announces New Operational Structure appeared first on Radio World.

United States recorded music revenues grew 9.2% in 2020 to $12.2 billion at estimated retail value.

It marks the fifth consecutive year of growth for the industry, as paid subscription services continued to be the primary driver of revenue increases, and reached a record number of subscriptions.

Streaming music’s share of total revenues grew to 83%.

Covid-19 affected the industry significantly through tour cancellations, retail store closures, and other disruptions.

Revenues from recorded music measured at wholesale value grew 8.9% to $8.0 billion.

Please Login to view this premium content. (Not a member? Join Today!)

The latest report from Nielsen offers new insights into podcast listening trends — particularly when it comes to tune-in trends and category ad spending among diverse audiences.

Study after study has found that after a decade of audience growth, podcasts have become an appealing and reliable advertising platform. With more than 1.7 million podcast titles available for listeners to choose from as of the beginning of 2021, podcasts are boasting a track record of strong listener engagement — offering advertisers a means of more personalized connection, the Nielsen report said.

[Read: Reports Offer Insights on the Podcast Listener]

Specifically, the February 2021 Nielsen report found that podcast advertising — and notably, those podcast ads delivered by the podcast host — were driving stronger brand recall punch than more traditional forms of advertisements. A series of podcast effectiveness studies by Nielsen has found that host-read ads drive a brand recall rate of 71%, a scenario that subsequently creates high levels of consumer interest, purchase intent and recommendation intent.

The result is an estimated ad spend that is expected to eclipse $1 billion this year, the report said.

The growth seen from podcasts is good news to everyone — consumers, content creators and advertisers, Nielsen said — but as the podcast landscape broadens, “content creators and advertisers will be increasingly tasked with ensuring that their programs and messages align with who’s listening,” the Nielsen report said. “And when we look at audience trends, creators and advertisers should be focused on where the growth is.”

Specifically, the report notes that Hispanic and Black listeners are leaders in podcast consumption. Black consumers are more likely to take action such as visiting a retail location for more information as a result of listening to a podcast, the report said, compared to 8% of all podcast listeners. Hispanic listeners, on the other hand, have gravitated to podcasts more than any other, as the reach among this group increased from 1.1 million in 2010 to 6.8 million in 2019. That represents a growth rate of more than six times.

In addition, the report details that podcasting is also managing to withstand the effects of COVID-19. While the pandemic has altered traditional audio listening habits, when U.S. consumers were forced into lockdown, commuting to work decreased and audio consumption dropped. As the year progressed however, audio use — including podcasts — rebounded as consumers modified their media habits in the wake of life changes brought on by COVID-19.

The new Nielsen report also suggests that podcasting is ideal for brands looking to engage the right consumers with a well-tailored message as opposed to simply casting a big net and hoping for the best. “As the base of podcast listeners rapidly expands, those well-tailored messages depend on having a full understanding of who’s listening and to what,” the report said.

The report also tracks listening by age group, listening location, time of day, median age, median household income and gender breakdown.

 

The post New Report Reveals Podcast Trends Among Diverse Audiences appeared first on Radio World.

Bauer Media Audio said it plans to acquire Communicorp Group, pending regulatory approval.

“Through this transaction Bauer Media Audio enters the Republic of Ireland and extends its audio business to eight countries, further developing its position as Europe’s leading commercial radio operator with more than 55 million weekly listeners,” the organization stated in the announcement.

It said Communicorp is Ireland’s largest commercial radio group with a weekly audience of 1.75 million.

“The group comprises of Ireland’s only two national commercial radio stations Today FM and Newstalk, alongside local stations Spin 1038 and 98FM in Dublin, and Spin Southwest in Limerick, as well as leading digital radio sport station Off The Ball, digital audio exchange audioXI and aggregated listening platform GoLoud.”

The announcement was made by Paul Keenan, president of Bauer Media Audio, and Communicorp Chairperson Lucy Gaffney.

The Irish Times reports the sale is “understood to be for more than 100 million Euros.” It quoted Communicorp’s billionaire owner Denis O’Brien saying his decision was influenced by changing listening habits of consumers.

But in the announcement, Paul Keenan cited radio’s popularity in Ireland and said. Communicorp’s radio stations “are reaching record listening highs.”

Bauer Media Audio has broadcast radio, online services and podcasts also serving the UK, Sweden, Norway, Denmark, Finland, Poland and Slovakia. Its brands include KISS, Mix Megapol, Absolute Radio, Radio Norge, Radio Expres, Radio Nova, Radio 100 and RMF.

 

The post Bauer Media to Acquire Ireland’s Communicorp appeared first on Radio World.