TSQ in 2020: “The year Townsquare became a Digital First company”

Townsquare media released its Q4 earnings this morning. In a note detailing results sent to RAIN from CEO (and RAIN Summit keynote speaker) Bill Wilson, he described 2020 this way: “Although we are proud of our roots and DNA in local radio and we continue to love local radio, 2020 was the year Townsquare became a ‘Digital First’ company.” Click through for more detail, plus a table, provided by Wilson, which compares TSQ results with six other radio groups. Continue Reading

TuneCore launches its digital music distribution service in LATAM

The Latin American (LATAM) market is an important and growing business for music services, so it makes sense that it would be for distribution to those services. One of the leading such companies, TuneCore, has announced its expansion into LATAM countries. Tunecore localizes its efforts, building out member websites in 13 languages. The company pays out about $1M per day in artist royalties. Continue Reading

Entercom buys indie marketplace Podcorn, adding to podcast holdings

Entercom, the second biggest commercial U.S. radio group, has bought Podcorn, a marketplace which connects indie podcasts with advertisers and agencies. With this acquisition Entercom adds to its podcast holdings which include Cadence13 and Pineapple Street Studios. Entercom hopes to identify talented podcasters deserving of bigger spotlights. Continue Reading

33% of Americans own a smart speaker: Edison/Triton Infinite Dial teaser

The annual webinar release of The Infinite Dial, the annual consumer survey project by Edison Research and Triton Digital, is scheduled for Thursday. The two companies are teasing the event by releasing one result of interest: Thirty-three percent of Americans own a smart speaker. That is a 22% increase from last year’s Infinite Dial, and represents an estimated 94-million people. There is a Covid element to this. Click through for more info and webinar registration. Continue Reading

RAIN Notes: Wednesday March 4

Jottings of note:

— Evergreen Podcasts awarded “Top Media Startup”

Evergreen Podcasts has been named a Top Startup in the Audio Content category by MDI Ventures. Evergreen CEO Michael DeAloia will speak at the Media Top Startups Summit, March 24-26. Free registration HERE

— Tyler Moody leaves Warner Media

Tyler Moody has left Warner/CNN. “I wore a lot of hats from CNN to Turner to WarnerMedia, but always worked on audio in some way.” Find him on LinkedIn to discuss the future.

— Entercom podcast hire: Brian Swarth

Entercom’s Cadence13 and Pineapple Street Studio name Brian Swarth Head of Marketing, Podcasts​, a newly created position. He was previously SVP at Showtime Networks.

— Thursday, March 4 Continue Reading

RAIN Podcast Business Summit illuminated the business of podcasting

The fifth annual RAIN Podcast Business Summit played on Zoom to a large virtual audience today, presented by iHeartRadio, Stitcher, Triton Digital, and founding partner NPR. Other sponsors supporting this event were Megaphone, AdsWizz, WideOrbit, and AccuRadio. In a compact 3.5-hour schedule, 22 speakers held forth on the business side of podcasting. Click for lots of quotes. Continue Reading