For Radio, There’s Townsquare Digital and There’s Not Exactly

There is only one radio group that is a major player in digital revenue and that is Townsquare.

Other radio groups envy them because with revenue off an average of 50% the second quarter year over year, they need new sources of revenue.

Podcasting, an arguably questionable source of future growth, is significantly not a big part of Townsquare’s digital revenue haul.

Townsquare has been relatively secretive about how they do so much digital business, but upon further investigation, this company consisting of tiny market stations has a huge business platform.

We now know how many people they have working to pull off this 50% digital miracle and how many clients contribute to the revenue stream plus the unique way it is sold and serviced – even the amount of revenue digital contributes to their bottom line.

And now Townsquare is getting ready to expand into markets where they don’t own stations which could be a wakeup call for their larger competitors.

Read the full article now


David Field Makes His Bet on Radio News — It’s Video

Entercom’s CEO David Field has hired an experienced video exec to become the company’s first Vice President to run the highly profitable legacy CBS all news franchise --  he has no experience in radio management or programming.

A painful transition is ahead that will affect all present employees.

A new model is coming for a company not comfortable with “the CBS way” of doing all-news.

It’s a big gamble with a lot of money on the line at a time when Entercom can’t afford to lose any of it.

Read the full article now  

Report Newstips