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Pandora Revenues Up Almost 70% Pandora has reported first-quarter revenue of $194.3 million, a 69% year-over-year increase. The company cites a 12% increase in listener hours, to 4.8 billion, and 75.3 million active listeners at the end of March, up 8%. More here.
Clear Channel Release Q1 Financials Clear Channel Media Holdings pulled in $1.3 billion in revenues, which included 2% growth in its Media+Entertainment division – roughly $14 million to $670 million. According to first quarter financial results released today (4/24), overall OIBDAN reached $261 million, including a 24% increase at International Outdoor, an 11% decrease at Americas Outdoor and a 6% decrease at Media+Entertainment. The M+E revenue increase is primarily attributed to traffic and weather growth; higher national sales in telecom, healthcare and automotive; and higher digital ad revenue derived from increased iHeartRadio listening. Operating expenses for the division grew by $26 million in the quarter as a result of higher compensation for the national and digital sales forces; production costs for events including the iHeartRadio Country Music Festival; and digital streaming and performance rights costs connected to increased listening hours and revenues. iHeartRadio now boasts 47 million registered users, an increase of 66% for the year; listening hours grew 13%. On the balance sheet, CCMH posts $14.6 billion in assets and $21.7 billion in debt. More here.
Julie Talbot Honored By Talkers Premiere Networks President Julie Talbott has been named Woman Of The Year by Talkers magazine, an honor otherwise known as the the Judy Jarvis Memorial Award For Outstanding Contributions To Talk Radio By A Woman. Talbott will receive the honor from The Weiss Agency EVP Heather Cohen (last year's recipient) at the Talkers New York 2014 conference June 20. Talkers VP/Executive Editor Kevin Casey says, "We all look forward to the day that a special award to a female member of the talk radio community is no longer relevant or necessary – but if you look at the breakdown of the numbers of men versus women in the business, it is clear that we have not yet reached that day." Talbott also recently renewed her contract with Premiere. Read her December interview with Country Aircheck here.
Susan Groves Leaves Clear Channel/Salisbury: Clear Channel/Salisbury-Ocean City, MD OM Susan Groves has exited after just less than a year (CAT 6/28). Past programming stops include Mid-West Family/Springfield, IL, Triad/Hilton Head, SC and Citadel/Birmingham; reach her here. Cluster Country WWFG and AC WQHQ PD Josh Wolff has assumed Groves' duties for now. Reach him here.
Underwood Makes Time 100 19/Arista's Carrie Underwood has been named to the Time 100, the magazine's annual list of the most influential people in the world. "It's her decency as a person that is so impressive," label mate Brad Paisley summarizes in her introduction. "She's an advocate for causes like animal rights and the Red Cross. She has publicly challenged lawmakers when she's disagreed with them, and covered controversial issues in her music ... She has faith, a sense of self and loves a good challenge. When most singers tackle a Broadway musical, it's in front of a thousand people. She did it in front of 20 million." Others on the list include the Pope, actress Amy Adams, U.S. Secretary Of State John Kerry, Amazon Founder/CEO Jeff Bezos and Seattle Seahawks cornerback Richard Sherman. See it now here; look for it on newsstands tomorrow (4/25). Underwood will also headline the Time 100 Gala April 29 at Jazz at Lincoln Center in New York.