Pay-radio operator SiriusXM is cutting its workforce by 8 per cent affecting some 475 positions. SiriusXM’s CEO Jennifer Witz used an email to staff saying that the layoffs come as SiriusXM is “entering into a new phase” of its business on top of “today’s uncertain economic environment.” In November 2022 Witz said that SiriusXM as […]
US pay-radio operator SiriusXM is to focus more on streaming its multi-channel content, and away from its traditional satellite delivery system. SiriusXM is already streaming, and bought the Pandora operation in 2019 to build up its online efforts. It ended 2022 with 47.9 million active Pandora users. CFO Sean Sullivan, speaking at Deutsche Bank’s Annual […]
The market for paid podcasts showed strong growth in Sweden during Q4 2022. The number of paying households increased by 85 per cent compared to the same period 2021, reports Mediavision. Nearly all households that pay for podcasts (97 percent) also pay for audiobook and/or music services. This means that the paid market for podcasts […]
AudioUK, the trade body for independent audio production companies and Radiocentre, the trade organisation for commercial radio, have welcomed the publication of the formal evaluation of the Audio Content Fund (ACF). The ACF is a pilot scheme which was given three years’ worth of grant funding, at £1 million (€1.12m) per year between 2019 and […]
US pay-radio operator SiriusXM has announced its Q4 and full-year 2022 operating and financial results, including revenue of $2.28 billion (€2.09bn) and $9 billion, respectively. SiriusXM’s revenue was flat in the quarter compared to the prior year period, and increased by 4 per cent in 2022 compared to the prior year – this dragged down […]
The BBC will continue to champion local music across England with fresh plans for BBC Introducing on local radio and BBC Sounds. In the future, 20 new BBC Introducing programmes will broadcast across the BBC’s 39 local stations each week. For the first time ever these 20 shows will each broadcast twice a week (on […]
More than 33 million people listened to BBC Radio stations live each week during the final quarter of 2022, according to new RAJARs. Radio 5 Live boosted its live audience to 5.57 milion with its news and sports content, including Formula 1 and 2022 FIFA World Cup. Radio 4 and its agenda-setting breakfast show, Today, […]
DoubleVerify (DV), a software platform for digital media measurement, data and analytics, has announced the discovery of ‘BeatSting,’ the first large-scale ad impression fraud scheme to target audio inventory. Since the DV Fraud Lab first identified the family of fraud in 2019, an estimated $20 million has been siphoned from advertisers. BeatSting alone is responsible […]
According to findings from Hub Entertainment Research, while digital options are increasingly important, ‘traditional’ media such as broadcast radio still play important roles for those on-the-go. The study, Media on the Move 2022, details what media devices Americans use while on the move: in their cars, on mass transit, or in the air. Key highlights […]
Spotify and Rotana Music have signed a licensing agreement that will see Rotana’s once-exclusive music catalogue to be available on Spotify across the Middle East and North Africa, and other markets where the service is live. Rotana Music is owned by Prince Alwaleed bin Talal, a Saudi Arabian billionaire businessman, and its catalogue features some […]