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Salem Media Group Sells Tampa AM/FM Combo

This is the second time in recent weeks Salem Media Group has parted with a station.

Barrett News Media

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Salem Media Group has agreed to sell 910 WTWD-AM and its companion FM translator to Solmart Media.

The Spanish broadcaster currently owns two other stations, one in Sarasota and the other in the Jacksonville metropolitan area.

910 WTWD-AM broadcasted a religious format alongside 570 WTBN-AM in the Tampa Bay market. Additionally, the station can be heard on 102.1 FM, which features 125 watts of power and is licensed to Lakeland. That FM translator was also included in the sale to Solmart.

The sale price is $700,000.

After completion of the deal, Salem will still own several Tampa-area stations, including AM 860 The Answer, as well as 570 WTBN-AM, 760 WLCC-AM, and FM translator 104.3 which it purchased in February 2022.

This is the second time in recent weeks Salem Media Group has parted with a station. Late last month, the company sold 94.5 The Answer in Greenville, South Carolina for nearly $7 million. The sales come after the company reported a nearly 5% decrease in year-over-year revenue last month.

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Media Business

Local News Becoming Less Prevalent on Radio, New RTDNA Study Shows

68.4% of locally-owned operations air local news updates, while 54.1% of non-locally owned outlets do the same.

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Local news has been a focal point for radio stations for decades. But that may be fading away, a new RTDNA study shows.

65% of commercial stations still air local news in 2024, down slightly from 66.2% in 2023. Non-commercial stations have dropped 12% points in the past two years, down to just 60.7% airing local news.

However, the disconnect appears to come from locally owned stations versus non-locally owned. 68.4% of locally-owned operations air local news updates, while 54.1% of non-locally owned outlets do the same.

Not only are there drops in the number of stations broadcasting local news, but the airtime those updates occupy has also shrunk, according to the RTDNA study.

“The biggest drop in average minutes came in large markets, suggesting that fewer all news or news/talk stations there filled out the Survey this year,” the study states. “Medium markets are down a bit; small markets dropped an average of over 20 minutes per weekday.”

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Media Business

YouTube Largest Podcast Discovery Platform By Wide Margin, Westwood One Study Shows

Not only is the Google-owned video platform the most used among podcast newcomers, but it also holds that distinction for heavy podcast consumers and longtime podcast listeners.

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In the span of three years, YouTube has gone from the third most popular podcast discovery platform to the top spot, a Westwood One study suggests.

In a study of more than 600 weekly podcast listeners, 31% say YouTube is the most utilized podcast listening platform. 21% say they use Spotify most frequently, while 12% claimed Apple Podcasts was their go-to destination.

Not only is the Google-owned video platform the most used among podcast newcomers, but it also holds that distinction for heavy podcast consumers and longtime podcast listeners.

YouTube’s podcast listening profile is slightly more male-dominated and also younger than the typical Apple Podcasts audience, according to the results from Westwood One Audio Active Group.

Naturally, the majority of Apple and Spotify users utilize smartphones to access their favorite podcasts, while 38% of YouTube’s audience uses computers and televisions for their favorite shows.

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Media Business

AM/FM Radio Still Largest Medium for Spoken Word Audio, Podcasting Closing Gap

 “Podcasting’s share of spoken word will almost surely surpass that of AM/FM within a few more years.”

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AM/FM Radio has long been well-served by the news/talk format. That remains true in 2024, but podcasting has narrowed the gap.

According to the latest Edison Research Share of Ear study, 43% of spoken word audio listening is done on terrestrial radio. 36% is now done with on-demand podcasts, up from 13% in 2017.

 “Podcasting’s share of spoken word will almost surely surpass that of AM/FM within a few more years,” the company forecasts.

In the study, it also revealed that the broadcast radio advantage still rests with listeners older than 65, but has already been surpassed by younger demographics.

From respondents 13-64, 41% listen to spoken word in podcast form compared to 39% for AM/FM radio. But for those 65+, it’s still a 66%-13% advantage for broadcasting.

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