Author: Jay Mitchell

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…

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…

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…

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…

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…

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…

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…

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.…

Sam Altman ousted as CEO of ChatGPT parent OpenAI in surprise move.

Sam Altman will leave OpenAI, the company’s board announced Friday in a surprise move suggesting he was fired for not being “consistently candid in his communications with the board.” Altman, who co-founded OpenAI in 2015, has led the firm that…

Farm broadcasters plant AM seeds.

Farm broadcasters at the 80th NAFB Convention in Kansas City expressed urgent concerns about the future of the AM band, a crucial medium for their industry. The focus was on countering challenges posed by automakers and Big Tech aiming to…