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iHeart’s New Reporting Structure, iHeart’s $42 Million in Q4 Podcast Revenue
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Radio Ink - Radio's Premier Management and Marketing Magazine
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Radio Headlines For Friday 02-26-21
 
That's what iHeart CEO Bob Pittman said Thursday evening when the company reported Q4 and full year 2020 earnings. Revenue was down 9% in the 4th quarter, with broadcast down 19%, network off 16% and digital up 53%, including a 100% jump in podcasting revenue. [read more]
 
 
Before its Q4 earnings call Thursday iHeart announced a new operating structure under which its Digital Audio Group business, which includes iHeartRadio and podcasting, will now report its financials separately from the Multiplatform Group business, which includes radio. [read more]
 
It will be interesting to see if other radio companies follow iHeart's lead and reveal exactly how much revenue they are generating from podcasting. For the most part radio has been touting big podcast revenue increases but burying the actual number as digital revenue. [read more]
 
Since early 2020 Triton Digital has been producing podcast charts that include the top networks and the top shows. iHeart has never participated in the Triton charts, choosing Podtrac instead. [read more]
 
 
(By Buzz Knight) I recently came across two great reads that I wanted to share with you. They remind us that every level of success starts by maximizing your team and building a strong leadership foundation.  [read more]
 
If the world returns to normal, and events return to our daily lives, the Country Radio Seminar will return to The Omni Hotel in Nashville in 2022, February 23 through the 25th. If you missed the 2021 Virtual CRS you can now purchase it on-demand. [read more]
 
iHeart's Black Information Network has joined forces with the Ad Council and COVID Collaborative to help kick off their It’s Up To You COVID-19 vaccine education initiative. [read more]
 
 
Westwood One’s Dan Bongino Show is now heard on over 100 stations, with the latest affiliate KSVL-FM in Reno putting Bongino at the 100 mark. The Conservative talker, a former Secret Service Agent, launched in March 2020. He also served as a NYPD officer from 1995 to 1999. [read more]
 
Entercom has added Scott Shannon’s “True Oldies Channel” on WCBS-FM HD3 in New York. The program is hosted by WCBS-FM's radio legend Scott Shannon. It features music from the 60s, 70s and 80s. [read more]
 
Vince Richards has been promoted to Rock Operations Manager of 100.3 JACK FM (KJKK-FM) and ALT 103.7 (KVIL-FM). And JT Springer has been elevated to Brand Manager of 100.3 JACK FM (KJKK-FM). [read more]
 
Fresh News First From RBR+TVBR.
How is 2021 shaping up for transactions? Greg Guy, the managing partner for media brokerage Patrick Communications, provides exclusive insight into the deal market in a new InFOCUS Podcast, presented by DOT.FM. Get direct access in the RBR+TVBR Daily Headlines E-mail. Sign up here.
 
 
Entercom has named Brian Swarth to the newly created position of Head of Marketing, Podcasts. Swarth is the former Showtime Networks SVP/ Digital Media & Marketing. [read more]
 
A deal was announced Thursday between Wynn Resorts and sports podcasting network Blue Wire. Wynn is investing $3.5 million in the network and that will include a podcast studio in the lobby of the hotel. [read more]
 
Benztown CEO Dave "Chachi" Denes has released two more episodes of his podcast of Chachi Loves Everybody. One features National Radio Hall of Famer Blair Garner, the other Beasley Media Group Communications Officer Heidi Raphael. LISTEN [read more]
 
 
The LA Based Sound That Brands podcasting studio has formed a partnership with Comcast’s FreeWheel. The agreement will give FreeWheel’s Strata agencies access to Sound That Brands production services. [read more]
 
Podcasting ad revenue is expected to see huge growth over the next few years. Are you getting your piece of the action? To get the very latest podcasting news, expert interviews and tips on how to make money, subscribe to the Podcast Business Journal headlines HERE . [read more]
 
Thanks to Martin Ashley for sending in this great photo from KROD in El Paso when he worked there back in 1967 when he was 20 years old. Send your Blast From The Past photo to edryantheeditor@gmail.com. [read more]
 
 
Are you hearing things about your market? Let us investigate. Radio Ink Magazine is the only 29-year-old trade magazine in the radio industry. That's the result of a lot of trust over those years. Send all news tips in total confidence, and any other station news to Radio Ink Editor Ed Ryan at edryantheeditor@gmail.com. [read more]
 
 
 




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