Radio Revenue Fell Slightly in October

Radio Revenue Fell Slightly in October
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Radio execs may be hoping for happy news about holiday shopping in coming weeks. The latest sales numbers, though, aren't giving radio much of a holiday lead-in.
The RAB says overall radio revenue was down 1% in October compared to the same month last year. National ad sales were up 1% in the month, but local revenue fell 2%.
Year-to-date, overall U.S. radio revenue is up 2%, which the RAB describes as a "healthy" picture. Of that, national sales are up 7% and local is flat.
"As the economy rebounds and consumer confidence returns, radio's revenue growth in the local marketplace will also bounce back," stated RAB President/CEO Gary Fries.


CBS Radio Revenue Falls

In the company’s fourth quarter, “same station” revenue fell 7%, and overall radio revenue decreased 10%, reflecting weakness in ad sales as well as the impact of radio divestitures in 10 markets.