Clear Channel’s operating results for the first quarter were flat, reflecting a continued weak demand for radio advertising. Outdoor advertising performed better than radio in the quarter for the second quarter in a row, with revenue gains of 12 percent. Radio declined 4 percent.
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Radio One revenues were down 2 percent in the first quarter, from $74 million in the first quarter of 2007 to $72.5 million in Q1 of this year. Station operating income was also down, by 15 percent.
Little more than a month after CBS Radio announced that it was powering AOL’s radio player, the company has expanded on its digital plans. Speaking at a presentation to hundreds of media buyers and advertisers in New York yesterday, CBS pres-CEO Les Moonves announced the formation of CBS Radio Digital Network, a new division of its CBS Radio group.
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More chicken is becoming available at America’s favorite burger chain. McDonald’s has expanded its chicken menu, and is planning a big sampling effort in the hopes of getting customers to try the new “Southern style” chicken biscuit and sandwich.
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Ongoing sampling issues related to PPM technology have caused unnecessary ratings and share volatility, said Beasley’s president/COO Bruce Beasley in a Q1 conference call this morning.
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The UK’s Advertising Standards Authority has released its Annual Report 2007 (PDF).
The portion of American workers who are choosing to listen to radio at work via the internet as opposed to through a traditional radio receiver grew dramatically from 2007 to 2008.
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TV Guide Network promised - and apparently delivered - higher ratings to NBC if the network advertised within the pages of the TV Guide magazine and on the TV Guide Network.
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The number of job cuts in corporate America between January and April was up 9 percent from the same time period last year.
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Even in times of economic instability - perhaps especially during times of economic instability - people go to the movies, and cinema advertising is becoming a more common element in a media buyer’s bag of tricks.
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Arbitron is being sued for allegedly misleading shareholders about potential delays in the release of the PPM. The suit seeks damages for Arbitron investors who bought stock between July 19 and Nov. 26, 2007.
Hoping to make advertisers feel more secure with the medium, top U.S. radio broadcasters plan to begin revealing their ratings in a few weeks.
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XM and Sirius still want their marriage to go through, despite the fact that the FCC is almost endlessly dragging its feet on a decision about the regulatory issues involved in such a merger.
Although 77 percent of marketing executives say the slowing economy in the past six months has moderately or greatly affected their business, most say their agency usage has not changed - yet - according to a Reardon Smith Whittaker study (via AdWeek), writes MarketingCharts.
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Katz Radio Group is hoping to provide advertisers with a single point of contact for campaigns that include broadcast, online and mobile elements with its creation of a new digital division, Katz 360 Sales.
Beginning next month, SmartBike DC will make 120 bicycles available for rent at 10 spots in central locations in the Washington, D.C., area.
Clear Channel has filed comments with the FCC opposing the adoption of new localism regulation. Clear Channel says the proposed regulations would turn the broadcast industry upside down and bring the industry back to a regulatory regime “long ago rejected” as being fraught with First Amendment difficulties.
Emmis Communications, owner of 25 radio stations, has decided to help internet radio companies make it on the web.
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KSL Media plans to unveil eWorld Asset Trading this week, an online service that will allow marketers to barter surplus consumer products and services for media.
BBM Canada announced today that it has selected a joint bid by Arbitron Inc. and TNS Media Research to deploy Portable People Meter technology for electronic measurement of television in Canada.
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