“One of our statements at Emmis is we ought to take $20 million and short Spotify.”
“Its latest model estimates call for $16.57 billion in radio industry revenues this year, up from $16.09 billion in 2021.”
Urban One reported second quarter revenue rose 10.4% to $118.8 million. The company saw $107.5 million in revenue during the same time period in 2021.
Salem Media Group is experiencing revenue growth as the company reported a total income of $68.7 million during the second quarter.
The company's revenue went from $28.0 million in 2021 to $29.8 million year-over-year.
iHeartMedia is reporting second-quarter revenue growth of 10.7% year-to-year.
The company brought in $319.4 million in the quarter.
The company reported a net income of $8.7 million in the second quarter of this calendar year.
Beasley also has acquired what they call a "white-label digital agency" that will see an influx of cash flow in the next revenue numbers.