Industry News

Streaming video has surpassed streaming audio as radio's top digital product

The post U.S. Radio Industry Hits $2.1 Billion in Digital Revenue appeared first on Radio World.

Stop worrying about that core revenue malaise: The radio industry has reached "a significant milestone in its digital transformation," hitting a record high in 2024, the RAB shares. The organization's annual digital benchmarking report offers details first shared last week by Borrell Associates.

While that's good news from Allen Media Group, it may not dispel industrywide discussion that AMG's fiscal challenges are significant and largely behind a recent effort to phase out local meteorologists at its TV stations in favor of an Atlanta-based hub powered by The Weather Channel.

Nueva Network, Costa Media, and MLC Media are officially merging under the leadership of José Villafañe, the architect and head of the growing Spanish-language audio content creation and distribution company.

New audio products designed by venture led by industry veterans David Reaves and Rich Redmond

The post David Reaves Audio and Aqua Broadcast to Team Up appeared first on Radio World.

The U.S. Copyright Office has published a Notice of Inquiry on issues related to Performing Rights Organizations — an action, the office explains, that comes in response to a Congressional request to gather comments on the increase in the number of PROs in the United States and their licensing revenue distribution practices.

In April 1996, he rose from General Sales Manager to General Manager of Spanish Broadcasting System's flagship New York properties, including the Hispanic-focused radio operator's very first radio station.  Now, Gene Bryan has returned to the company.

The Chief Operating Officer of Fox Corporation, who also serves as a member of the Office of the Chairman, has inked a three-year employment agreement that sees him adding the title of President.

FuboTV Inc. may largely be known as a "sports-first" live TV streaming platform that went to court to stop The Walt Disney Co., FOX Sports and Warner Bros. Discovery from launching the Venu Sports platform — only to agree to a deal that sees Disney buying Fubo. Now, "Fubo Sports" is poised to become a digital multicast offering.

In a widely expected move following the January 29 decision by CEO David Field to step down as President/CEO, Audacy Chief Financial Officer Rich Schmaeling has resigned "to pursue other business opportunities." The company with majority ownership held by Soros Fund Management "will not name" a new CFO in the near term.