Concord Acquires Stem Distribution
• Concord, the world’s leading independent music company, has added Stem Distribution to its portfolio of subsidiaries. Stem, the platform
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FINANCIAL
WLUM Mornings, Now Minus Jonathan Adler
• Budget cuts inside Milwaukee Radio Alliance have unfortunately resulted in the unscheduled departure of Jonathan Adler, ending his two-decade
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CMA Promotes & Hires A Busload
• The Country Music Association (CMA) announced a metric ton of key promotions and several new hires. Let us review,
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Musical Milestone: 100 Million Subs
• Last year, for the first time ever, paid streaming subscriptions hit 100 million in the U.S., according to Recording
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Executive Action Inside Audacy
• UPDATED: Audacy, Inc. just announced several key executive changes, including the appointment of Kelli Turner as President and Chief
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Cumulus & Townsquare Station Shutdown
• UPDATED with Townsquare statement: In what is sadly becoming a growing trend in the financially fraught condition of the
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Cumulus Shuts Off Struggling Stations
• Last November, Cumulus made several significant moves in San Francisco, including elevating the conservative talk format on KSFO from
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BIA Predicts $171 Billion In Local Revenue
• BIA Advisory Services estimates that in 2025 U.S. local advertising revenue will reach $171 billion — excluding political spending.
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Audacy Implementing Major Personnel Cuts
• UPDATING — As was sadly predicted, Audcacy is undergoing a major Reduction In Force (RIF) as we speak. Unofficial
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Create Acquires deadmau5 Catalog
• Create Music Group (CMG) has acquired the catalogs of creative visionary, electronic music producer, deadmau5, as well as that
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