RAIN Notes: March 17
— The How of Change (NPR)
— Alexa, Whither My Privacy? (Amazon)
— Time (J.D. Crowley)
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Audacy
Post-bankruptcy layoff action affects 300 at Audacy
Five weeks after broadcasting/audio giant Audacy completed a bankruptcy process and CEO David Field existed the company, the company has completed a layoff sweep that included as many as 300 employees. We learn these key points from multiple news sources, as well as verifications posted on LinkedIn. Continue Reading
Audacy completes bankruptcy process; CEO David Field exits
Broadcasting/audio giant Audacy has closed its Chapter 11 bankruptcy process which started a year ago. At this important juncture, CEO David Field steps out of his leadership roles of President, CEO, and board member. A new CEO steps in from the Board of Directors as the interim leader. Click for details. Continue Reading
The case for news radio advertising (Audacy)
The Marketers’ Guide to News Radio, a new info-promo by radio giant Audacy, makes a richly graphical case for the quality of news radio audiences, and the unique values to advertisers. The presentation deck represents a 2024 study conducted for Audacy by market research company Alter Agents. In it, we are drenched with affirmations about the credibility and stickiness of radio news, and the advantages of advertising in that channel. Continue Reading
Audacy Q1: Upbeat results from accelerating digital revenue
Audio giant Audacy released Q1 earnings, characterized by CEO David Field as “a solid start to 2024.” Audacy’s financial positioning is complicated by a recent bankruptcy, but the company is moving smoothly through that financial reorganization process with uplifting net… Continue Reading
Audacy Sports launches today, solving a “clunky” problem and better serving advertisers
Audio giant Audacy is announcing Audacy Sports, carving out a new umbrella brand which consolidates and represents the company’s considerable sports offerings. It launches today, coinciding with the start of the NFL Draft. The new configuration is built for advertisers, better showcasing Audacy’s range of ad opportunities. Click for more details. Continue Reading
Audacy erases the Cadence13 brand, creates Audacy Podcasts.
A day after we reported that AdvertiseCast lost its name in a branding reorganization by parent company Libsyn, and was renamed Libsyn Ads, we learn that audio giant Audacy is doing something similar. In this case, Audacy will discontinue the Cadence13 brand and reposition it. Pineapple Street Media, another podcast subsidiary, is affected too. Continue Reading
Audacy launches AI + transcripts to “hyper-target” podcast listeners
Audio giant Audacy is announcing a dynamic AI and machine learning initiative which promises to deliver precise targeting of ads to listeners. Leveraging the details of podcast transcripts, the new system enables very precise identification of listener types, and the best times to reach them. Continue Reading
AI-programmed radio (HD) launches in Nashville, powered by Super Hi-Fi
Radio innovation company Super Hi-Fi is promoting the launch of new technology which uses AI to create radio station programming, and has launched its first examples in HD. It is called HLS+. Partners in this technological adventure are Xperi and Cumulus Media. Two new radio stations in Nashville are powered by a combination of human-produced programming elements and AI-produced targeting and assembly. Click for more explanation of this interesting venture. Continue Reading
Live365 stations gain wider distribution via Audacy / SoundStack deal
Audacy is announcing today that it has reached an agreement with SoundStack to carry Live365 internet radio stations on the Audacy platform. The partnership is the latest chapter in a sprawling story of Live365 as a champion of small webcasters. Click for details and history. Continue Reading
Audacy projects ambitious revenue growth in streaming and podcasting, including a paid subscription service
Radio giant Audacy, rocked by bankruptcy debt restructuring, is forging ahead with a five-point business projection. Looking at the company’s business plan filed with the SEC, we see five areas of focus. Click for details, graphs, and a link. Continue Reading
Audacy splits from American Public Media partnership in costly separation
Audacy has separated from an ad-sales agreement with American Public Media, clarifying a remark made by Audacy CEO David Field in a recently published quarterly earning statement. No reason or explanation has yet emerged. But in Audacy’s Q2 earning statement, David Field referred to an unnamed break-up which he called “onerous.” Click for details. Continue Reading