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SiriusXM Has Inauguration Covered From Every Angle

POTUS provided the most centric coverage of the big day. Morning Show host Julie Mason was particularly busy. In addition to hosting her regular program, Julie Mason Mornings, she is also set to host a pair a special coverage blocks.

Jacob Conley

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Inauguration Day will garner coverage from all types of media outlets and understandably dominate the news cycle on Wednesday, but SIRIUSXM radio devoted a full 24 hours of coverage to the inauguration of Mr. Joe Biden as the 46th President of the United States across its four exclusive political talk channels. POTUS provided the most centric coverage of the big day. Morning Show host Julie Mason was particularly busy. In addition to hosting her regular program, Julie Mason Mornings, she is also set to host a pair a special coverage blocks. The first covers the actual inauguration from 12-2 P.M. while the second covers the beginnings of the inauguration’s celebrations. The second block of special coverage is set to air from 6 -8 p.m., but the time slot could be extended if warranted.

In between, Michael Smerconish adopted the role of a sports pre-game show host, wrapping up the final hours of the Trump presidency and looking forward to the Joe Biden administration. Smerconish also broke the news that Trump left early on Marine One, breaking many long standing traditions that include an outgoing president not attending his successor’s inauguration for the first time since 1869.

In keeping with theme of breaking traditions, Smerconish interviewed Jean Becker, the former Chief of Staff for George H.W. Bush, to explain the protocols an outgoing president is supposed to follow on inauguration day.

“Some of these will be followed, but many will not,” Becker said with a laugh. “I think sharing just some of these rules for outgoing presidents is particularly poignant on this special day.”

Smerconish then outlines the procedural aspects of the day. Vice President Kamala Harris will be sworn in first and then at Noon,  Biden will take the oath of office.  Biden is then expected to sign Executive Orders and virtually swear in some members of his cabinet and staff before attending the inauguration party.

 SIRIUSXM’s partisan political channels like, Patriot and Progress also offered extensive coverage of the inauguration, but from conservative and liberal viewpoints respectively.  Sirius XM Urban View host Joe Madison discussed the inauguration and its impacts on the African-American culture with MSNBC’s Joe Scarborough.

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Salem Media Group Sees Revenue Growth in Second Quarter

Salem Media Group is experiencing revenue growth as the company reported a total income of $68.7 million during the second quarter.

Eduardo Razo

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Salem Media Group is experiencing revenue growth as the company reported a total income of $68.7 million during the second quarter, a 12% growth from a year earlier.

CEO David Santrella stated that traditional spot advertising earnings increased 9.5% in the quarter, led by a 17.4% kick in nationwide billings and a 6.9% boost in local sales from last year.

“While we continue to see growth in advertising revenues, local spot is still not back to its pre-pandemic levels, especially now with concerns over inflation and fears of a recession,” Santrella said.

“For the quarter, we had $1.5 million of political revenue compared to only $400,000 in Q2 of last year. The $1.5 million is more than we had in Q2 of 2020, which was $600,000, and more than we had in Q2 2018, which was $1.1 million.”

The results and prospects sent Salem’s stock price soaring 9% after-hours trading late Thursday.

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Saga Communications Sees Second Quarter Revenue Rise

The company’s revenue went from $28.0 million in 2021 to $29.8 million year-over-year.

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Saga Communications is reporting a revenue rise of 6.3% in the second-quarter.

The company’s revenue went from $28.0 million in 2021 to $29.8 million year-over-year.

Station operating expenses did increase 3.7% to $21.8 million compared to the same time last year. Net income rose to $3.8 million. Saga said free cash flow was $3.2 million for the quarter compared to $4.2 million last year.

Finally, Saga paid a 20-cents-per-share quarterly dividend to shareholders on July 1st. The total payout for the dividend payment was $1.2 million. The company says it has paid out more than $79 million in dividends to shareholders since 2012.

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iHeartMedia Revenue Rises More Than 10%

iHeartMedia is reporting second-quarter revenue growth of 10.7% year-to-year.

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iHeartMedia is reporting second quarter revenue growth of 10.7% year-to-year. The company brought in $954 million, with broadcast radio seeing an increase of 4.5% to $633.3 million.

“As the #1 audio company in America across broadcast radio, digital radio and podcasting — and the largest consumer reach audio company in the U.S. by far, we remain committed to building our businesses for future growth and continuing to deliver both trusted companionship to our listeners and significant and unique value to our advertising partners,” Chairman and CEO Bob Pittman said.

Digital revenue grew 27.6% to $252.6 million. The company pointed to a 60.4% increase in podcast revenue, to $85.7 million, as the biggest driver of digital growth.

The company’s live event revenue was up 33.2%, bringing in $38.1 million in revenue from April through June.

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