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News
New RAB report: Radio's revenue grew 5% in third quarter
"Steady momentum", according to Radio Advertising Bureau President/CEO Jeff Haley, led by the automotive, financial and department store categories. Political buys happened "in the final throes of this year's competitive mid-term elections." The 5% trend for July-August-September is enough to keep the year-to-date growth rate at 6%. The RAB's much anticipated quarterly breakout shows this picture: Local up 3%. National ahead 10%. Digital up 23%. "Off-air", meaning non-traditional events and campaigns, up 5%. And network radio up 4%. Looking at the top five advertising categories for radio, Communications/cellular grew 6% to $380.6 million. Auto dealers/Dealer groups/Manufacturers/Rentals rose 19% to nearly $366 million. Financial services jumped 32% to $335.5 million. Television/Networks/Cable providers were 18% better, at $325.7 million. And Grocery/Convenience/Liquor stores did a 6% gain, at $210.7 million. The RAB bases its quarterly statistics on data gathered by Los Angeles-based Miller Kaplan. Read the RAB's summary and charts, with a link to the full report, here.
Previous and Next Stories
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Making Moves: Thursday, November 18, 2010
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A Toledo DJ is busted for breaking into his own restaurant
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Nielsen loses MRC accreditation for some TV reports
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A Providence DJ is charged with insurance fraud
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Cumulus is moving its 4 stations in Dallas
- Seattle's "Movin' 92.5" declares itself to be a CHR
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Ed Lover is out at Clear Channel’s “Power 105.1”, New York
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John Hogan remains CEO of Clear Channel Radio for $1 million+ annually
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Holiday Flips: New York's "Lite FM; WBEB "B101" Philadelphia and more
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Sam Zell asks Tribune creditors not to sue him
- FCC mandates online public files for political ads; NAB disagrees
- J.C. Corcoran canned at KTRS-AM St. Louis
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For Beasley's Q1, Fayetteville NC was up, Philadelphia wasn't
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Phillip Wilkinson resigns as Prez/COO of Entravision; will continue cons...
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Cumulus to launch its Atlanta all-newser in mid-May, says John Dickey
- Atlanta’s all-news FM looks closer: there’s a staff meeting at classic h...
- Emmis finds financial relief through another LMA. This one’s worth $8,43...
- NBA Philadelphia 76ers move from CBS to Greater Media, immediately
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NYC radio personality and music authority Pete Fornatale dies at 66
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Making Moves: Thursday, April 26, 2012























