Posts Tagged ‘Cumulus’

Internet Radio’s Weekly Audience Jumps 30%: Arbitron-Edison Study

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Posted 11 Apr 2012 — by Tom Taylor
Category Internet Radio, Media, Radio Industry, Technology

By Tom Taylor

The following article comes from Tom Taylor’s newsletter, Taylor on Radio-Info.

Headline of the latest Arbitron-Edison “Infinite Dial” – a 30% jump in weekly online radio audience.

Internet Radio - Arbitron - EdisonThis is the 20th edition of a study of new media that dates way back to 1998, when there wasn’t even an accepted vocabulary for some of the behavior. (Arbitron used to refer to streaming radio listeners as “streamies.”) The latest data confirms the rapid rush toward broadband at home (now in 70% of homes), increasing reliance on the Internet (46% say it’s “the medium most essential to my life”), and the adoption of smartphones. Arbitron’s Bill Rose and Edison’s Tom Webster also take pains to point out that old media isn’t going into the dumpster. One of their bullet points – “Heavy usage of one medium is not necessarily associated with less time with other media.” Americans’ average daily time with AM/FM radio is 2 hours and 7 minutes. For heavy Internet users, it’s 2 hours and 14 minutes. Even heavy TV users, who gulp down 7-8 hours a day of tube time, use radio an average of one hour and 56 minutes. There’s other stuff that points to increased media time by Americans. “Digital device users are slightly more likely to have listened to AM/FM radio in the past week.” Bill Rose says “ten years ago, people were using seven hours a day of radio/TV/Internet. Now it’s eight hours and 18 minutes.” Overall, digital has increased “the ubiquity of media.” Check the just-released Infinite Dial “Navigating Digital Platforms” study on the Arbitron website here or the Edison site here. Here’s more — Read More

Radio Icon Jim Ladd Debuts on Sirius XM Radio (NASDAQ:SIRI) Monday, February 13th

Posted 07 Feb 2012 — by Tom Taylor
Category Media, Programming News, Radio Industry, Sirius XM (SIRI) News
Jim Ladd - Sirius XM Radio (NASDAQ:SIRI)

Jim Ladd

By Tom Taylor

The following article comes from Tom Taylor’s newsletter, Taylor on Radio-Info.

Jim Ladd debuts on Sirius XM Radio (NASDAQ:SIRI) next Monday, doing a 4-8pm Pacific time show on the Deep Tracks channel (Sirius and XM channel 27). Cumulus Media (NASDAQ:CMLS) separated from Ladd and some others at classic rock KLOS, Los Angeles last October, and despite rumors that he’d be picked up by another L.A. station, his new loyalty is to Satellite Radio. Read More

Pandora (NYSE:P): Arbitron Says Don’t Mix and Match

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Posted 20 Dec 2011 — by Tom Taylor
Category Internet Radio, Media, Radio Industry

By Tom Taylor

The following article comes from Tom Taylor’s newsletter, Taylor on Radio-Info.

Arbitron says – Don’t compare its numbers to those of “Internet music services”

Pandora (NYSE:P)Pandora (NYSE:P), true to the original Greek myth, has opened up a box-full of controversy with last week’s report titled “Pandora increases listenership in top radio markets.” It began issuing listening estimates from the top 10 radio markets in July, showing market-by-market AQH ratings. There was a followup release in September, but the December 13 release was the first one that added cume ratings to AQH ratings. Suddenly, the metrics are starting to look very “radio”-like. As Arbitron says (without naming Pandora), they “use the same labels and descriptions as Arbitron radio estimates.” TRI believes that’s the context for yesterday’s extraordinary release that Arbitron calls “a clarification…about whether Arbitron’s radio audience estimates are equivalent to those derived from Internet music services’ in-house server log files.” Its answer – with 10 bullet points – is “no.” Arbitron’s now hearing a dull roar of protest from its own paying clients about something strange out there. By sheer coincidence, Triton Digital yesterday announced its new “Webcast Metrics Local” service, breaking down its national monthly numbers for local radio markets. Again, TRI believes that the unnamed trigger for Arbitron’s “clarification” wasn’t Triton Digital, but Pandora. (There’s a story coming up soon about the Triton Digital service.) So what’s Arbitron saying about these “Internet music services”? Read More

Pandora (NYSE:P) Shows Growth in Triton Digital’s September Internet Audio Rankers While SoundExchange Distributes Millions in Royalties

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Posted 26 Oct 2011 — by Tom Taylor
Category Internet Radio, Media, Radio Industry, Sirius XM (SIRI) News

By Tom Taylor

The following article comes from Tom Taylor’s newsletter, Taylor on Radio-Info.

Another growth spurt for Pandora in Triton’s September Internet audio rankers.

Triton Digital - Internet audio rankersAnd is there an “iHeartRadio” effect for Clear Channel (PINK:CCMO)? You can perhaps see it in the “Session Starts”, analogous to cume. #1 Pandora’s (NYSE:P) growth was particularly noticeable in “Average Active Sessions”, akin to broadcast radio’s AQH. Pandora showed with about 799,000 Active Sessions in August, and now 885,078 in September. Its “cume” figure of “Session Starts” swelled from 316 million to 343 million. #2 CBS Radio (NYSE:CBS), which includes Yahoo Launchcast (NASDAQ:YHOO) and AOL Radio (NYSE:AOL), dips in both Active Sessions and Starts. (AOL Radio is in the process of leaving the CBS family and joining Slacker, but was still included for September.) #3 Clear Channel, with a big push behind iHeartRadio, is up in Active Sessions (from 122,000 to about 133,000) and Starts (from about 41.3 million to 48 million). #4 is Citadel, soon to become counted together with Cumulus (NASDAQ:CMLS), and basically flat. #5 is Slacker, which is up in Active Sessions and particularly Starts (from 14.7 million to better than 15.6 million). The rest of the top ten: #6 Entercom (NYSE:ETM), #7 EMF (K-Love/Air 1), #8 ESPN Radio, #9 Cox and #10 Cumulus. Read More

More pain today — or gain?

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Posted 09 Aug 2011 — by Tom Taylor
Category Media, Radio Industry, Sirius XM (SIRI) News

By Tom Taylor

The following article comes from Tom Taylor’s newsletter, Taylor on Radio-Info.

Radio StocksFor the radio stocks, nothing but red numbers on Black Monday.

Double-digit percentage drops weren’t uncommon in our little sector of Wall Street. CBS (NYSE:CBS) fell another 10% to $21.31. Cumulus (NASDAQ:CMLS) lost 12%, to $2.60. Entercom (NYSE:ETM) dropped 11% to $6.27. Radio One (NASDAQ:ROIA) was roughed up with a 16% loss, to $1.17. Sirius XM (NASDAQ:SIRI) shed nearly 13%, to $1.65. Westwood One (NASDAQ:WWON), awaiting its sale to Dial Global, fell 11% to $5.52. And poor Spanish Broadcasting System (NASDAQ:SBSA), which recently pulled off a 1-for-10 split trying to avoid a low stock price, slid 24% to $2.78. As recently as July 26, it traded at $6.90. Read More

Radio Stocks: June Was The Cruelest Month

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Posted 05 Jul 2011 — by Tom Taylor
Category Media, Radio Industry, Sirius XM (SIRI) News

By Tom Taylor

The following article comes from Tom Taylor’s newsletter, Taylor on Radio-Info.

Radio Stocks - NASDAQYou could’ve made money in the first half of 2011, if you owned the right stocks in the radio sector.

CBS grew nearly 50%, from the year’s first day of trading on January 3 to last Thursday, June 30. Fisher posted a nice six-month gain of 27%, despite a shareholder vote that placed two reps of a dissident group on the board. Radio One was up 42%. Saga was another stock that, like CBS, gained nearly 50% in the first six months. But for many stocks, there was a June jinx, as you’re about to see – many companies in the group fell to their year-to-date lows in June. As we begin the second half of 2011 with a sluggish economy and some pullbacks in predictions for advertising, let’s take a Janus-like glance back at the first half of 2011 for the radio-connected stocks tracked by TRI –

Arbitron (NYSE:ARB) – Started the year at $42.72, hit $44.44 on February 8, dropped to $35.28 on April 19, and closed on June 30 at $41.33. Still, if you peek back a full 12 months, you see that Arbitron’s ahead significantly from the $25.59 level of mid-year 2010. It’s got a filing cabinet-full of long-term deals with its radio customers (historically about 90% of total revenue), and Nielsen’s no longer even a potential competitor.

Beasley (NASDAQ:BBGI) – Began 2011 at $6.03 a share, set a year-to-date high of $8.53 on April 4, a low of $3.64 on June 15 – the June jinx – and closed on June 30 at $4.21.

CBS (NYSE:CBS) – Chugged very steadily from $19.28 on January 3 to $28.49. Result – a roughly 50% gain, so far this year. Les Moonves and his boss Sumner Redstone should be beaming. The TV business is very healthy and CBS Radio throws off abundant cash flow. Les should be in for another rich paycheck at year-end, including bonuses. Read More

Sirius XM Radio’s (NASDAQ:SIRI) Competition: Kurt Hanson on “How Pandora Could Become a $70 Stock”

Posted 14 Jun 2011 — by Tom Taylor
Category Media, Radio Industry, Sirius XM (SIRI) News

By Tom Taylor

The following article comes from Tom Taylor’s newsletter, Taylor on Radio-Info.

PandoraThe RAIN Newsletter publisher, AccuRadio principal and dedicated number-cruncher can’t help opening a spreadsheet or two after reading pessimistic reports from Wall Street analysts. Kurt says the analysts were “pointing out primarily that Pandora’s business model lacks the economies of scale, at least in terms of its music royalty licenses, that Internet investors like to see.” He admits “that’s true”, and that it’s also true that Pandora’s rates must be “renegotiated, readjudicated or relegislated” for the years 2016-2020. But there’s another scenario. If Pandora “can continue to grow its audience, while slowly increasing its advertising spotloads and CPMs and keeping its other costs in line, it could also reasonably be a $70 stock within the next few years.”  Read More

How High Will Pandora Fly?

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Posted 03 Jun 2011 — by Tom Taylor
Category Media, Radio Industry, Sirius XM (SIRI) News

By Tom Taylor

The following article comes from Tom Taylor’s newsletter, Taylor on Radio-Info.

At $7 to $9 a share – Pandora’s worth up to $1.3 billion.

Pandora - Sirius XM (NASDAQ:SIRI)Note that they’re not selling the entire company – the offering of five million shares from the company and a bit less than 8.7 million more from shareholders equals less than 10% of the company. After the IPO, Crosslink Capital will own about 22%, and a bunch of other early-money investors will also stay in. (Though Hearst Corp. is selling about half its current stake and will be down to 2.75%.) Pandora founder Tim Westergren will be a relatively small owner of the company he founded a decade ago – but still a rich man. The latest SEC filing is the first time Pandora’s indicated a price range, and that suggests the underwriters are very close to crashing through the IPO window. RAIN Newsletter publisher Kurt Hanson reminds TRI that “this $1.3 billion valuation, based on the midpoint of the price range, is almost exactly as predicted in our RAIN State of the Industry Address” at several recent presentations. Here’s how Kurt – a sharp statistician, ratings veteran and also operator of AccuRadio – figures it. Read More

Sirius XM Radio’s (NASDAQ:SIRI) Competition: Clear Channel (PINK:CCMO) Discusses Digital

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Posted 30 Mar 2011 — by admin
Category Media, Radio Industry, Sirius XM (SIRI) News

By Tom Taylor

Clear ChannelThe following article comes from Tom Taylor’s newsletter, Taylor on Radio-Info.

Clear Channel discusses digital, Thumbplay, Pandora and cost-cutting, at a busy Goldman Sachs conference.

Clear Channel's CFO Tom CaseyCFO Tom Casey has both radio and outdoor to worry about, but the questions he fielded in a 40-minute appearance were centered mostly on radio. Some key points –

• The acquisition of Thumbplay – “What Thumbplay does for us is accelerate some of the development we have on our digital platforms. It allows us to provide Pandora-like experiences for our listeners, as well as leverage the content we currently have.” Tom Casey says the goal is to “provide our content wherever and however our customers like to get it.”

• Pandora – “We definitely think Pandora’s got a great product…[but] at the end of the day, it’s a playlist. Radio is a playlist that lives.” Good way to describe it, and Tom Casey says a CC-programmed service has the advantage of “curation…the ability to research what people want to hear. If you get tired of a song, it goes away.” But on the Pandora-like side of the business, “Customers like that experience, and we can provide that for them. We will be offering our custom type of offering”, as another feature of iHeartRadio – which drew a lot of interest from the Goldman Sachs crowd.  Read More

Hello, Pandora: “Personalized” and “Interactive” Radio Coming to Cumulus (NASDAQ:CMLS)

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Posted 15 Mar 2011 — by admin
Category Media, Radio Industry

By Tom Taylor

The following article comes from Tom Taylor’s newsletter, Taylor on Radio-Info.

Clear ChannelClear Channel’s (PINK:CCMO) Bob Pittman wants that ability out of the CC acquisition of Thumbplay (which interestingly had Bain Capital as an early backer). Many groups are thinking about ways to offer a competitor to Pandora and Slacker Radio, and Cumulus (NASDAQ:CMLS) boss Lew Dickey says that combining his company with Citadel gives it “the necessary scale to invest in technology-based initiatives including ‘personalized’ and ‘interactive’ radio.”  Read More