Reve-News: Audacy has reported Q2 2024 net revenue of $301.6 million, up 1% from the prior year's $298.5. Radio revenue decreased 3% while digital increased 12%. Adjusted EBITDA was $31.1m, up from $14.4m. "Our team has done an outstanding job driving our progress and accelerating performance while simultaneously administering our reorganization plan, all without disruption to our partners, listeners, customers, vendors or our staff," says Pres./CEO David Field. Full release here.

Urban One has reported Q2 2024 net revenue of $117.7 million, a decrease of 9.2% from the prior year's $129.7m. The company had an operating loss of $60.4m for the quarter, compared to an operating income of $9.7m in the same quarter in 2023. Adjusted EBITDA was $28.4m, down from $37.5m last year. "We are starting to see a significant uptick in political advertising revenues, and remain optimistic for the remainder of the year, which should benefit both our radio and digital divisions," says CEO/Pres. Alfred C. Liggins, III. See full report here.