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Emmis Communications reported a 3.5 percent decline in net revenue for fiscal Q2. The decline was primarily due to declines at radio stations in New York and Los Angeles, writes Radio Ink.
Emmis expects that radio net revenues for Q3 will decrease in the mid-single-digit range. Operating expenses are expected to rise in the mid- to high-single-digit range.
Despite the slip in revenue, Emmis chairman/CEO Jeff Smulyan said he was pleased that the company’s radio ratings have generally improved, and he anticipates better sales performances from the company’s new national sales rep, Katz Media Group.
He also said that he is encouraged by the performance of radio compared to newspapers and TV. “Radio’s consumption has held very, very well,” he says. Proving that to advertisers is the next order of business, and he believes the PPM measurement and the Radio 2020 marketing initiative announced last week at the NAB Radio Show will help to do that.
The Spanish Radio Association says Arbitron still has not addressed its concerns and research questions regarding the PPM and how “Hispanics are recruited and represented, and how the PPM panel is maintained.”
The SRA has been working with Arbitron in…
The Chicago Tribune’s new design will launch on Sept. 29, Tribune Co. chief operating officer Randy Michaels says. No details on the redesign have been released; the paper has already been decreasing its editorial pages to create a more even split…
Teens are not the best demo to target with cell phone advertising, according to a new study from comScore. Though they are cell phone-savvy, most of them - 70 percent - have their phones paid for by parents, which means…
CNN won its second night of coverage of the Democratic National Convention Tuesday. The network averaged 3.41 million viewers in the 8 p.m. to 11 p.m. time slot, despite the fact that Fox drew nearly even for the night.
Fox…
Generation Y is the most self-indulgent, Generation X is the most innovative, and Boomers are the most productive, while the “Silent Generation” and the “Greatest Generation” are the most admired, according to a recent survey by Harris Interactive, writes MarketingCharts.
Conducted for…
To encourage shoppers to buy more back-to-school items, retailers often implement “loss leader” strategies: that is, selling items at a loss or even giving them away in hopes that the reductions will attract shoppers who will then buy other, more…
