Audacy Inc. has given Kelli Turner permanent executive leadership stripes as a series of other corporate-level moves has transpired at the company with majority ownership today held by Soros Fund Management. Many high-profile people have exited, while Chris Oliviero and Bob Philips earn promotions.
What business segment is Townsquare Media most excited about in the coming years? The Digital Programmatic business, which CEO Bill Wilson said "has been and will continue to be the largest growth driver of our business for the foreseeable future." Meanwhile, deregulation makes Townsquare a buyer.
Forget Hershey's. Negate Nestlé. In much of Europe, this is a brand that dominates with kids. Now, it has its sights set on the U.S. market, and it is using Spot Cable to build its growing brand awareness.
Digital revenue is up, but so are expenses, as Townsquare Media beat estimates for both Q4 revenue and its earnings per share during the final three months of 2024. The Q1 2025 forecast, however, projects revenue to be slightly lower than the forecasts of the analysts who cover the company.
"Local News Live," which celebrated its fourth birthday in February as a free ad-supported streaming television (FAST) network, is getting a boost from Gray Media by placing its 2pm Eastern afternoon newscast on 37 of its broadcast TV stations.
Tune to 101.5 MHz in Seattle, and you'll hear classic country music on KPLZ, branded as "HANK FM." Now, Lotus Communications has expanded the brand to the Las Vegas market, and is using a just-acquired FM translator to bring it to Southern Nevada.
Adam Jacobson
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