Connect with us

Media Business

Radio Makes History, Beating TV Among 18 to 49-Year-Olds

“This is being fueled by cord-cutting and streaming.”

Maddy Troy

Published

on

Pexels.com

Nielsen’s latest Total Audience Report, which tracks media consumption across all mediums, reveals that AM/FM radio has surpassed television in the key 18-49 advertising demographic, for the first time. 

The study shows broadcast radio had a three percent greater average audience than TV during the third quarter of 2022. “We are seeing media history being made right before our very eyes,” said Cumulus Media Chief Insights Officer Pierre Bouvard after reviewing the results of Nielsen’s report.

“That has never happened before,” Bouvard says. “ This is occurring because of the stiff and steep erosion in 18 to 49 linear TV reach and time spent. This is being fueled by cord-cutting and streaming.”

The speed at which the media landscape has transformed is unparalleled. In 2018, AM/FM radio’s 18-49 average audience was 63% the size of live and time-shifted TV. Now in 2023, the latest Nielsen report shows AM/FM radio now reaches 41% more persons 18-49 than live and time-shifted television.

Nielsen’s research shows 18-49 daily time spent with TV and AM/FM radio are now approximately equal. Television only has a three-minute advantage over broadcast radio – 1 hour and 13 minutes versus 1 hour and 10 minutes.

“That is quite a head-snapper,” Bouvard says. “Radio’s advantage and reach is what’s causing it to beat TV in 18 to 49 average audience,” Bouvard explains in a YouTube video detailing his analysis of the report.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Media Business

Instreamatic Launches New AI Tool for Audio Ads

This includes details like the listener’s location, time of day, type of app or platform they are using, the type of activity engaged in while listening, and even the local weather.

Maddy Troy

Published

on

Instreamatic, a company providing audio advertising and marketing products powered by artificial intelligence, has launched a new AI product called Contextual Audio Ads.

By using generative AI, the tool creates a synthesized voice for use in the commercial production process. With the use of the existing ad, hundreds or even thousands of personalized variables can be generated and stitched into the copy.

This includes details like the listener’s location, time of day, type of app or platform they are using, the type of activity engaged in while listening, and even the local weather.

For example, a Contextual Audio Ad created for a particular listener could start with “Good morning, hope you’re enjoying your podcast on this rainy day in Chicago. I just wanted to let you know about an incredible sale happening today.”

This may feel like a breach of privacy for some listeners, but advertisers are eager to try the technology. Currently, the Contextual Audio Ad product is being tested with creative agencies in the U.S. and the UK, according to Podcast News Daily.

“Instreamatic’s Contextual Audio Ads are better at capturing listeners’ attention because they speak precisely to that listener’s context and needs in the moment,” said CEO of Instreamatic Stas Tushinskiy.

It is unclear if listeners are required to opt-in to the Contextual Audio Ad tool in order for brands to leverage their personal data in order to be served personalized ads created by the AI.

Continue Reading

Media Business

Franklin News Foundation Names Jerry Lyles VP of Syndication

“Our expansion of America’s Talking Network podcasts to terrestrial radio has also occurred ahead of schedule.”

Maddy Troy

Published

on

Jerry Lyles, an industry leader with experience spanning four decades has joined the Franklin News Foundation as the organization’s first vice president of syndication and distribution.

Lyles has spend is career helping newspapers, radio, TV, and news media sites grow and expand their print and digital offerings. Lyles is now responsible for expanding Franklin News Foundation’s partnerships with media partners.

Franklin News Foundation President Chris Krug said, “Franklin has experienced significant growth over the past three years… Our team has built dozens of relationships across all platforms, and we are certain that having Jerry in this role will ensure we are able to deliver the highest level of service to our existing and new partners.”

Lyles will have responsibility over external relations for The Center Square newswire, Illinois Radio Network, and America’s Talking Network, all of which are positioned for significant growth over the coming years. Lyles has gained experience through is work for various media outlets, including Publishing Group of America, Athlon Sports, Parade Magazine, Dobie Media, TownNews (now Blox Media), AHM Publishing, and most recently, The Daily Wire.

“I have admired the service-oriented approach that Jerry took when we worked together in the newspaper industry,” said Krug. “Our expansion of America’s Talking Network podcasts to terrestrial radio has also occurred ahead of schedule.”

Continue Reading

Media Business

The Messenger Shuts Down Grid News After Purchase

Maddy Troy

Published

on

Grid News, the D.C.-based digital news startup sold last week to Jimmy Finkelstein’s new media startup The Messenger, will shut down Monday afternoon.

Last week, The Messenger said it would acquire Grid, and as part of a deal with Abu Dhabi-based investment firm International Media Investments (IMI).

The acquisition follows co-founder and president/CEO Mark Bauman stepping down last year during a time of internal confusion over the direction of the business. His leadership role was never re-filled.

The Messenger is reportedly evaluating what to do with Grid’s products, it is likely that Grid’s branding will not live on, a source told Axios.

Grid’s roughly 50 employees were told last week that the site would be shut down, The Messenger’s team is now interviewing Grid staffers for roles at the company. While The Messenger plans to retain as much of Grid’s editorial staff as possible, it is still unclear whether Grid’s co-founder and executive editor Laura McGann will stay on. 

The Messenger plans to maintain Grid’s newsletters, but it’s not decided if its podcast, “Bad Takes,” will continue, a source told Axios.

Continue Reading
Advertisement

Advertisement

BNM Writers

Copyright © 2023 Barrett Media.