Sponsor ID in FTC crosshairs.

The Federal Trade Commission (FTC) has issued warnings to a dozen health and nutritional influencers and two food and beverage trade groups, including the American Beverage Association, for inadequate disclosure of sponsored content. The FTC targeted social media posts that…

IAB calls for clearer audio standards.

The digital audio industry faces challenges in defining and standardizing metrics crucial for effective measurement and comparison with other advertising channels. At the IAB Audio Innovators Leadership Summit, the need for a formalized Request for Information (RFI) to identify relevant…

Good news for free audio.

Global pay TV penetration is anticipated to decline for the first time in 2024, according to Ampere Analysis projections. Pay TV subscriptions relative to households are expected to peak at 60.3% in Q4 2023, then drop nearly four percentage points…

More speakers = more listeners.

Smart speaker ownership has surged over 400% in the past six years, marking a significant audio megatrend, according to Edison Research. The growth in smart speaker adoption is contributing to the evolution and expansion of audio consumption, resulting in increased…

Investment group to buy BMI.

Broadcast Music Inc. (BMI) is set to be acquired by an investment group led by New Mountain Capital. The deal, expected to close by the end of the first quarter of 2024, follows BMI’s recent shift to a for-profit business…

Political boom.

Political ad spending for the 2024 Primary, Presidential, and Congressional elections has reached nearly $42 million in Senate primary elections alone. Maryland’s Senate race leads with $9.8 million spent by David Trone (D). Montana and Ohio also witness significant ad…

He’s baaack.

Groundbreaking artificial intelligence company OpenAI last week had announced that Sam Altman was restored as OpenAI’s chief executive, successfully undoing his removal by OpenAI’s board a couple of weeks ago after a campaign led by his supporters, staff and investors.…

License yanked.

The Federal Communications Commission (FCC) has revoked the license of Bravo Broadcasting Co.’s Spanish religious teaching station, KIRT Mission, TX (1580), due to non-payment or partial payment of annual regulatory fees for eight consecutive years. The FCC’s Revocation Order, issued…

Retail downer.

In October, U.S. retail sales experienced a 0.1% decline, marking the first drop since March and signaling a potential slowdown in the economy. This follows a 0.9% increase in September and robust summer gains. The dip is attributed to reduced…