Following their release of the top billing stations for 2022, BIA Advisory Services has revealed its list of the top 10 ownership groups for the year.
iHeartMedia led with its 866 stations in 150 markets bringing in $2.3 billion. This rose from $2.2 billion in 2021, but down from its pre-pandemic $2.6 billion in 2019.
Audacy’s 231 stations in 47 markets brought in $1.345 billion. This is up from $1.35 billion in 2021, but down from nearly $1.6 billion in 2019.
Cumulus Media placed third with its 404 stations in 85 markets generating $493 million up from $481 million in 2021 and down from $531 million in 2019.
Hubbard Radio led by top billing station WTOP Washington DC was fourth with 54 station in ten markets generating $252.6 million up slightly from $252 million in 2021.
Beasley Media Group moves up to fifth with its 62 stations in 15 markets combining for $252.6 million up from $241.2 million in 2021.
Cox Media Group, Townsquare Media, Urban One, TelevisaUnivision, and Salem Media Group round out the top ten. BIA notes that Cox had the best year-over-year growth with a 14% gain in revenue from 2021 to 2022. TelevisaUnivision had the sharpest drop falling from fifth in 2021 to ninth in 2022 with revenue declining 16.6%. Bonneville International dropped out of the top ten falling to 12th place overall.
