3Q Was 'Challenging' For Beasley Media Group With Mounting Loss

Beasley Broadcast Group Inc. reported a wider loss and lower revenue Friday as the radio company continued to contend with soft traditional advertising while pressing ahead with cost cuts, digital margin gains and balance-sheet moves.⁠

The Naples, Florida-based company posted a net loss of $12.1 million, or $6.51 per diluted share, for the three months ended Sept. 30, compared with a loss of $3.6 million, or $1.97 per share, a year earlier. Revenue fell 16.1% to $42.8 million (down 10.2% on a same-station basis). Adjusted EBITDA, a non-GAAP measure of operating performance, was about $1.3 million versus $3.9 million in the prior-year period.

Local revenue, including locally sold digital packages, accounted for 76% of net revenue and declined 6% year over year. Digital revenue totaled $9.8 million, down 24% year over year and 12% on a same-station basis; it represented 23% of net revenue (24% excluding political advertising). The digital segment’s operating margin expanded to 32% from 21% a year earlier. Revenue from new business made up 14% of the total.⁠

Operating expenses, excluding corporate costs, depreciation and amortization, fell about $7 million, or 15.1%. Station operating income was roughly $3.6 million (an 8.5% margin). Corporate expenses rose to about $3.9 million from $2.2 million, driven by restructuring, financing and transaction costs; excluding nonrecurring items they were about $2.8 million.⁠

Caroline Beasley

After quarter-end the company completed sales of two radio stations and two parcels of real estate that generated more than $10 million in net proceeds. Combined with a September equity raise of about $4.6 million, the moves reduced first-lien notes outstanding to roughly $3.6 million. The company has posted a presentation covering third-quarter highlights to its website for review on Friday’s conference call.⁠

“While the advertising environment remains challenging, our third-quarter results demonstrate the tangible progress we are making in building a more efficient and financially resilient company,” Chief Executive Officer Caroline Beasley said. She pointed to structural cost reductions, stronger digital margins and growth in local direct advertising as positives, while emphasizing priorities of stabilizing core revenue, expanding digital profitability, improving free cash flow and reducing leverage.⁠

Beasley owns and operates radio stations in markets including Boston, Philadelphia, Detroit, Charlotte, Tampa and Las Vegas. Shares traded near $5.50–$5.60 around the release.

Sade, Oasis, Iron Maiden to Skip Rock Hall Induction

Sade, Oasis and Iron Maiden, three of this year’s Rock and Roll Hall of Fame inductees, will not attend their induction ceremony Saturday in Los Angeles.

Sade, the “Smooth Operator” group led by Sade Adu, confirmed the news Tuesday. “Sorry we can’t be there in person to celebrate with the other artists,” Adu said in a statement. “Please know that our absence takes nothing away from how much this recognition means to us.”

Oasis singer Liam Gallagher said in posts on X that the trip was too far and that he dislikes award ceremonies. His brother Noel will instead perform at Goldie’s EFG Jazz Festival at London’s Royal Festival Hall, his first solo concert since Oasis reunited last year.

Iron Maiden, honored after 21 years of eligibility, said in April the ceremony conflicts with its 50th anniversary tour dates in Australia. “The fans always come first and the shows will of course go on,” manager Rod Smallwood said.

Absences are not unusual, according to Rolling Stone. Past honorees who skipped the stage include Paul McCartney, David Bowie, Eddie Van Halen, Axl Rose and the Sex Pistols.

Also being inducted are Phil Collins, Billy Idol, Wu-Tang Clan, Joy Division/New Order and the late Luther Vandross, along with Early Influence honorees Celia Cruz, Fela Kuti, Queen Latifah, Gram Parsons and MC Lyte.

The ceremony will air on ABC and Disney+ in December.

Cruz Sets Confirmation Vote for FCC Nominee

Sen. Ted Cruz (R-Texas) has scheduled a Wednesday, Nov. 18 vote on the confirmation of Danielle Thumann Severs, a Republican nominee to the FCC.

If confirmed, she would become the commission’s fourth member. The FCC typically has five commissioners; her appointment would give Republicans a 3–1 majority, with Democrat Anna Gomez as the sole Democratic member.

Thumann Severs, a senior legal adviser to FCC Chairman Brendan Carr, appeared Tuesday before the Senate Commerce Committee in a hearing that at times grew contentious. Democrats accused her of evading their questions. Though she was one of four nominees questioned during the nearly two-hour session, she received about three-quarters of the questions.

Savannah Guthrie Extends NBC News Contract

Savannah Guthrie has signed a contract extension with NBC News, keeping the longtime “Today” co-anchor at the network after months of uncertainty about her future, TheWrap has confirmed.

The deal, first reported by Breaker, comes as “Today” posts its strongest ratings in years. The program recently reclaimed the top spot in total viewers after more than a decade.

The renewal follows a difficult year for Guthrie, 54. Her mother, Nancy Guthrie, 84, disappeared from her Arizona home in February after last being seen Jan. 31. Authorities have not publicly identified a suspect. Guthrie took time away from “Today” before returning in April. The investigation remains ongoing.

NBC Celebrates 100 Years

From its earliest days in radio to the rise of television and today’s media landscape, NBC has been at the forefront of how Americans experience the world. Through a century of defining moments, NBC has been there as history unfolded, bringing it into homes across the country and helping generations of Americans experience it together. 

As NBC celebrates its 100th anniversary, take a look back at some of the historic firsts and defining moments that have shaped both NBC and American life. 

Larry Kane, Longtime Fixture On Philly Radio-TV Retires

Larry Kane, 84, a longtime Philadelphia broadcaster known for his Beatles coverage and interviews with eight presidents, has officially retired after more than six decades in journalism.

The Brooklyn native began in Miami radio at 15. In 1961, while based there, he became the first U.S. correspondent to report the Bay of Pigs invasion after receiving a tip from friends in the city’s Cuban exile community.

Kane moved to Philadelphia in 1965 as an anchor at WFIL Radio and WFIL-TV, which later became WPVI-TV. He was the face of the station’s “Action News” format when it launched in 1970, helping develop its fast-paced style with 90-second story limits and expanded coverage of city and suburban affairs. Then 26, he helped shape the newscast’s conversational tone and coined its signature line, “The big story on ‘Action News’ is ...”

For the past 23 years, he has been a special contributor and radio commentator for KYW Newsradio.

NYTimes Names Leadership Changes at The Daily

Paige Cowett has been named Editor in Chief of The New York Times’ flagship news podcast “The Daily,” with former Gimlet Media executive Nazanin Rafsanjani joining as Managing Editor, as the program nears its second decade.

The appointments, announced internally by Deputy Managing Editor Sam Dolnick, position the show for a new phase focused on growth. Cowett, who has been with “The Daily” since its earliest days and helped shape its editorial voice and coverage of major news events, will oversee daily editorial decisions and the podcast’s longer-term direction. Rafsanjani arrives with a mandate that includes expanding the show’s reach through video and new formats.

Dolnick emphasized in a staff email that Cowett’s interest in experimenting with video and new formats will be central to the next phase as The Times works to attract new audiences. The changes come as “The Daily,” one of the most influential news podcasts, continues to adapt its storytelling and distribution strategies nearly a decade after its launch.

Taylor Swift Set for Return to CMA Awards Stage

Taylor Swift is scheduled to make a high-profile return to the CMA Awards stage next Wednesday as a featured performer, marking a major comeback to one of country music’s most prestigious events.

Swift, who is nominated for Single of the Year for “I Knew It, I Knew You,” enters the ceremony with a career total of 26 CMA nominations. This appearance will be her first on the CMA stage in 13 years, following her 2013 performance of “Red” alongside Vince Gill and Alison Krauss.

A decorated history links the superstar to the association. Swift is a two-time CMA Entertainer of the Year, famously remaining the youngest artist to ever secure the award. Her relationship with the CMAs began in 2006, leading to a Horizon Award in 2007 and the esteemed Pinnacle Award, which she received over a decade ago in a star-studded tribute featuring industry legends she supported early in her career.

The 60th Annual CMA Awards will broadcast live from Nashville’s Bridgestone Arena on Wednesday, Nov. 18. The ceremony is scheduled to air from 8:00–11:00 PM ET on ABC and Disney+, with on-demand streaming available the following day on Hulu.

The 60th Annual CMA Awards is a production of the Country Music Association.

Survey: 22% of Americans Cancel Subscriptions After Price Increase

More than one in five Americans canceled a subscription after a price increase in the past year, while many say greater flexibility and better-value bundles could persuade them to stay, according to research by Bango.

The survey of 2,500 U.S. adults found that 22% had canceled a subscription following a price rise. Yet 61% said they would be more likely to keep subscriptions if they were offered at a lower price in a bundle. More than half of respondents, 52%, still considered their subscriptions worth the cost.

Four in 10 respondents said they had wanted to keep a subscription but canceled because they could not pause it or switch to a free option. That figure rose to 50% among Gen Z respondents.

Consumers are already adjusting their plans to manage costs. In the past 12 months, 17% moved to a cheaper plan, 12% switched to a lower-priced, ad-supported plan and 14% combined separate subscriptions into a bundle. Among Gen Z, 21% said they had moved subscriptions into a bundle.

Phoenix Radio: KMLE 107.9 Hero Walk Raises $57K+

KMLE 107.9 FM, an Audacy station in Phoenix, raised over $57,000 for Soldier’s Best Friend (SBF). All proceeds go toward SBF’s mission of providing U.S. veterans living with service-related PTSD or TBI with rescued service and therapeutic companion dogs. The cost to rescue, train and equip each shelter dog is approximately $7,500.

The initiative was led by morning show hosts Niko Petrou and Gabe Mercer in honor of Veterans Day. The duo walked 15 miles across the valley from Scottsdale Quarter to Four Peaks Brewing Company on November 9 and 10th, broadcasting live and accepting donations for SBF on the air from 6:00 a.m. to 10:00 a.m. MST. 

Industry Remembers L-A Radio Pioneer, Bob Moore

Bob Moore

Bob Moore, the longtime Los Angeles radio executive who helped transform KLSX from classic rock into one of the country’s highest-billing FM talk stations, died Tuesday, Nov. 10, at Cedars-Sinai Medical Center.⁠

A native of Oshkosh, Wisconsin, Moore spent decades shaping the Los Angeles radio market through senior roles at Greater Media, Westwood One and later CBS Radio. He first rose to prominence as general manager of KLSX (then operating as KHTZ with an adult contemporary format) under Greater Media starting in 1980. He oversaw KHTZ, KLSX and KRLA and helped establish KLSX’s classic rock identity in 1986.⁠

In early 1991, Moore joined Westwood One as executive vice president of its Stations Group, taking responsibility for Los Angeles station KQLZ, known as “Pirate Radio,” which had struggled after the departure of morning host and programmer Scott Shannon. The role reunited him with Westwood One chairman Norm Pattiz; the two had previously worked together in the sales department at KCOP-TV in Los Angeles. After Westwood One moved to sell its stations in 1993, Moore shifted to executive vice president for Westwood One Radio Networks before a brief stint at Metro Traffic. In September 1994 he briefly left Los Angeles to serve as vice president and general manager of country stations KILT and KIKK in Houston (then owned by Group W), but returned to KLSX and KRLA by year’s end.

Radio History: Nov 14

➦In 1901...singer Morton Downey was born in Wallingford Connecticut. His national radio appearances began in 1930, in 1932 he was voted Radio Singer of the Year. In 1949 he debuted on TV, hosting the show Star of the Family in the 1950′s.

He died of a stroke at age 83, Oct. 25 1985.

➦In 1920...singer Johnny Desmond was born in Detroit.   He was featured on Don McNeill’s Breakfast Club (radio& TV), and was a regular on TV’s Your Hit Parade, Face the Music & Songs for Sale.   He died from cancer Sept. 6 1985 at age 64.

➦In 1921...Chicago radio station KYW broadcast the first opera by a professional company. Listeners heard ‘Samson Et Dalila’ as it was being performed at the Chicago Auditorium.

The first words ever broadcast in Chicago were, "My God, but it's dark in here!"

Mary Gardner

According to radio historian Rich Samuels, they were spoken by Mary Garden, world-class soprano and director of the Chicago Grand Opera Association. They were uttered 98 years ago tonight on radio station KYW, licensed to the Westinghouse Manufacturing and Electric Company.

Ms. Garden said what she said because she couldn't see: the area where she was standing was lit by a single bare light bulb.

In 1934, the assignment of clear channels took a frequency away from Illinois and gave it to Pennsylvania, resulting in Westinghouse moving KYW to Philadelphia.  KYW used the frequency of 1020 AM at the time.

In March 1941, KYW changed frequencies to 1060 AM as part of a nationwide shift of radio frequencies mandated by the North American Radio Broadcasting Agreement. KYW and the other Westinghouse radio stations remained with NBC after RCA was ordered by the FCC to break up its radio networks, aligning with the former Red Network (the predecessor of modern-day NBC) in 1942. KYW acquired a television counterpart when Westinghouse bought WPTZ (channel 3) – the nation's third commercial television station and NBC's second television affiliate – in 1953.

In June 1955, Westinghouse agreed to trade KYW and WPTZ to NBC in exchange for the network's properties in Cleveland, WNBK TV and WTAM-AM-FM. Westinghouse also received $3 million in cash compensation.  The main impetus for the trade was NBC's desire to acquire an owned-and-operated television station in the fourth-largest American television market. NBC had to seek a waiver for the swap since KYW and NBC Radio's New York City flagship, WRCA (now WFAN) were both clear channel stations; at the time, the FCC normally did not allow common ownership of clear-channel stations with overlapping nighttime coverage.

After clearing final regulatory hurdles, the swap went into effect on February 13, 1956. NBC took over the Philadelphia stations, rechristening 1060 AM as WRCV (for the RCA-Victor record label), and Westinghouse moved the KYW call letters to Cleveland.

However, almost immediately after the trade was finalized, Westinghouse complained to the FCC and the Department of Justice about NBC's coercion and an lengthy investigation was launched.  In August 1964, NBC's license for WRCV radio and television was renewed by the FCC – but only on the condition that the 1956 station swap be reversed.  Following nearly a year of appeals by NBC, Westinghouse regained control of WRCV-AM-TV on June 19, 1965 and subsequently restored the KYW call letters to the radio station (the television station became KYW-TV at this point).  To this day, the KYW stations insist that they "moved" to Cleveland in 1956 and "returned" to Philadelphia in 1965.

➦In 1922...The British Broadcasting Corporation (BBC) began its domestic radio service.

More Names Added During Latest Round of Layoffs

Cumulus Media began a new round of company-wide layoffs around November 11–12, 2026 (Thursday), affecting on-air talent, programmers, producers, promotions, and management at stations across multiple markets.⁠

This is the second major round in 2026 (following cuts in August during the bankruptcy process). It comes weeks after Cumulus emerged from Chapter 11 on October 16, 2026, eliminating roughly $550–600 million in debt. 

The company is now privately held, with Alden Global Capital (via Next Gen Radio Enterprises LLC) as the controlling shareholder (about 31.86% voting interest). Alden has a track record of significant staff reductions at newspapers it controls (e.g., Chicago Tribune, New York Daily News).⁠

The total number of people affected has not been publicly disclosed by the company.