HomeTechnology & Telecommunications Traditional Radio Advertising Market

Traditional Radio Advertising Market Size, Share & Demand Report By Type (Spot Advertising, Live Reads, Sponsorships & Branded Segments, Promotions & Contests), By Format (AM Radio, FM Radio, Digital-Linked Radio, Satellite Radio), By Advertiser Size (SMEs, National Advertisers, Multinational Campaigns), By Distribution Channel, & Segment Forecasts, 2025–2033

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Report Benefits

  • Develop business strategies by understanding the trends shaping and driving the Market.

  • Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Market in the future.

  • Formulate effective sales and marketing strategies by understanding the competitive landscape and by analysing the company share of market leaders.

  • Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.

  • Track sales in the global and country-specific Market.

  • Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and strategic partnerships.

Table of Contents

  1. Executive Summary
    1. Introduction
  2. Market Introduction
    1. Market Definition
    2. Scope of the Study
    3. Market Structure
  3. Research Methodology
    1. Primary Research
    2. Research Methodology
    3. Assumptions & Exclusions
    4. Secondary Data Sources
  4. Market Factor Analysis
    1. Value Chain Analysis: Traditional Radio Advertising Market
    2. Porters Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitution
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Dynamics
    1. Drivers
    2. Restraints
    3. Opportunities
  6. Recent Trends Analysis
  7. Impact of COVID-19 on Traditional Radio Advertising Market
    1. Pre and Post Covid -19 Market Scenario Analysis
    2. Market Recovery Timeline and Challenge
    3. Measures Taken by Top Players
  8. Regulatory Landscape
  9. Traditional Radio Advertising Market, By Type
    1. Introduction
      1. Market Size and Forecast, By Type
    2. Spot Advertising
      1. Market Size and Forecast, By Region
    3. Live Reads
      1. Market Size and Forecast, By Region
    4. Sponsorships / Branded Segments
      1. Market Size and Forecast, By Region
    5. Promotions & Contests
      1. Market Size and Forecast, By Region
  10. Traditional Radio Advertising Market, By Format
    1. Introduction
      1. Market Size and Forecast, By Format
    2. AM Radio
      1. Market Size and Forecast, By Region
    3. FM Radio
      1. Market Size and Forecast, By Region
    4. Digital-Linked Radio (Simulcast & Station Streaming)
      1. Market Size and Forecast, By Region
    5. Satellite Radio
      1. Market Size and Forecast, By Region
  11. Traditional Radio Advertising Market, By Advertiser Size
    1. Introduction
      1. Market Size and Forecast, By Advertiser Size
    2. Local/Regional SMEs
      1. Market Size and Forecast, By Region
    3. National Advertisers
      1. Market Size and Forecast, By Region
    4. Multinational Campaigns
      1. Market Size and Forecast, By Region
  12. Traditional Radio Advertising Market, By Industry Vertical
    1. Introduction
      1. Market Size and Forecast, By Industry Vertical
    2. Retail
      1. Market Size and Forecast, By Region
    3. Automotive
      1. Market Size and Forecast, By Region
    4. FMCG
      1. Market Size and Forecast, By Region
    5. Finance & Insurance
      1. Market Size and Forecast, By Region
    6. Public Sector & Government
      1. Market Size and Forecast, By Region
  13. Traditional Radio Advertising Market, By Distribution Channel
    1. Introduction
      1. Market Size and Forecast, By Distribution Channel
    2. Terrestrial Broadcast
      1. Market Size and Forecast, By Region
    3. Satellite Networks
      1. Market Size and Forecast, By Region
    4. Online Station Streams
      1. Market Size and Forecast, By Region
  14. Traditional Radio Advertising Market, By Buying Method
    1. Introduction
      1. Market Size and Forecast, By Buying Method
    2. Direct Buys
      1. Market Size and Forecast, By Region
    3. Programmatic / Automated Local Buys
      1. Market Size and Forecast, By Region
  15. Regional Overview
    1. Introduction
      1. Market Size and Forecast
    2. North America
      1. Market Size and Forecast
        1. By Type
          1. Spot Advertising
            1. Live Reads
              1. Sponsorships / Branded Segments
                1. Promotions & Contests
                2. By Format
                  1. AM Radio
                    1. FM Radio
                      1. Digital-Linked Radio (Simulcast & Station Streaming)
                        1. Satellite Radio
                        2. By Advertiser Size
                          1. Local/Regional SMEs
                            1. National Advertisers
                              1. Multinational Campaigns
                              2. By Industry Vertical
                                1. Retail
                                  1. Automotive
                                    1. FMCG
                                      1. Finance & Insurance
                                        1. Public Sector & Government
                                        2. By Distribution Channel
                                          1. Terrestrial Broadcast
                                            1. Satellite Networks
                                              1. Online Station Streams
                                              2. By Buying Method
                                                1. Direct Buys
                                                  1. Programmatic / Automated Local Buys
                                                2. U.S.
                                                  1. By Type
                                                    1. Spot Advertising
                                                      1. Live Reads
                                                        1. Sponsorships / Branded Segments
                                                          1. Promotions & Contests
                                                          2. By Format
                                                            1. AM Radio
                                                              1. FM Radio
                                                                1. Digital-Linked Radio (Simulcast & Station Streaming)
                                                                  1. Satellite Radio
                                                                  2. By Advertiser Size
                                                                    1. Local/Regional SMEs
                                                                      1. National Advertisers
                                                                        1. Multinational Campaigns
                                                                        2. By Industry Vertical
                                                                          1. Retail
                                                                            1. Automotive
                                                                              1. FMCG
                                                                                1. Finance & Insurance
                                                                                  1. Public Sector & Government
                                                                                  2. By Distribution Channel
                                                                                    1. Terrestrial Broadcast
                                                                                      1. Satellite Networks
                                                                                        1. Online Station Streams
                                                                                        2. By Buying Method
                                                                                          1. Direct Buys
                                                                                            1. Programmatic / Automated Local Buys
                                                                                          2. Canada
                                                                                        3. Europe
                                                                                          1. Market Size and Forecast
                                                                                            1. By Type
                                                                                              1. Spot Advertising
                                                                                                1. Live Reads
                                                                                                  1. Sponsorships / Branded Segments
                                                                                                    1. Promotions & Contests
                                                                                                    2. By Format
                                                                                                      1. AM Radio
                                                                                                        1. FM Radio
                                                                                                          1. Digital-Linked Radio (Simulcast & Station Streaming)
                                                                                                            1. Satellite Radio
                                                                                                            2. By Advertiser Size
                                                                                                              1. Local/Regional SMEs
                                                                                                                1. National Advertisers
                                                                                                                  1. Multinational Campaigns
                                                                                                                  2. By Industry Vertical
                                                                                                                    1. Retail
                                                                                                                      1. Automotive
                                                                                                                        1. FMCG
                                                                                                                          1. Finance & Insurance
                                                                                                                            1. Public Sector & Government
                                                                                                                            2. By Distribution Channel
                                                                                                                              1. Terrestrial Broadcast
                                                                                                                                1. Satellite Networks
                                                                                                                                  1. Online Station Streams
                                                                                                                                  2. By Buying Method
                                                                                                                                    1. Direct Buys
                                                                                                                                      1. Programmatic / Automated Local Buys
                                                                                                                                    2. U.K.
                                                                                                                                      1. By Type
                                                                                                                                        1. Spot Advertising
                                                                                                                                          1. Live Reads
                                                                                                                                            1. Sponsorships / Branded Segments
                                                                                                                                              1. Promotions & Contests
                                                                                                                                              2. By Format
                                                                                                                                                1. AM Radio
                                                                                                                                                  1. FM Radio
                                                                                                                                                    1. Digital-Linked Radio (Simulcast & Station Streaming)
                                                                                                                                                      1. Satellite Radio
                                                                                                                                                      2. By Advertiser Size
                                                                                                                                                        1. Local/Regional SMEs
                                                                                                                                                          1. National Advertisers
                                                                                                                                                            1. Multinational Campaigns
                                                                                                                                                            2. By Industry Vertical
                                                                                                                                                              1. Retail
                                                                                                                                                                1. Automotive
                                                                                                                                                                  1. FMCG
                                                                                                                                                                    1. Finance & Insurance
                                                                                                                                                                      1. Public Sector & Government
                                                                                                                                                                      2. By Distribution Channel
                                                                                                                                                                        1. Terrestrial Broadcast
                                                                                                                                                                          1. Satellite Networks
                                                                                                                                                                            1. Online Station Streams
                                                                                                                                                                            2. By Buying Method
                                                                                                                                                                              1. Direct Buys
                                                                                                                                                                                1. Programmatic / Automated Local Buys
                                                                                                                                                                              2. Germany
                                                                                                                                                                              3. France
                                                                                                                                                                              4. Spain
                                                                                                                                                                              5. Italy
                                                                                                                                                                              6. Russia
                                                                                                                                                                              7. Nordic
                                                                                                                                                                              8. Benelux
                                                                                                                                                                              9. Rest of Europe
                                                                                                                                                                            3. APAC
                                                                                                                                                                              1. Market Size and Forecast
                                                                                                                                                                                1. By Type
                                                                                                                                                                                  1. Spot Advertising
                                                                                                                                                                                    1. Live Reads
                                                                                                                                                                                      1. Sponsorships / Branded Segments
                                                                                                                                                                                        1. Promotions & Contests
                                                                                                                                                                                        2. By Format
                                                                                                                                                                                          1. AM Radio
                                                                                                                                                                                            1. FM Radio
                                                                                                                                                                                              1. Digital-Linked Radio (Simulcast & Station Streaming)
                                                                                                                                                                                                1. Satellite Radio
                                                                                                                                                                                                2. By Advertiser Size
                                                                                                                                                                                                  1. Local/Regional SMEs
                                                                                                                                                                                                    1. National Advertisers
                                                                                                                                                                                                      1. Multinational Campaigns
                                                                                                                                                                                                      2. By Industry Vertical
                                                                                                                                                                                                        1. Retail
                                                                                                                                                                                                          1. Automotive
                                                                                                                                                                                                            1. FMCG
                                                                                                                                                                                                              1. Finance & Insurance
                                                                                                                                                                                                                1. Public Sector & Government
                                                                                                                                                                                                                2. By Distribution Channel
                                                                                                                                                                                                                  1. Terrestrial Broadcast
                                                                                                                                                                                                                    1. Satellite Networks
                                                                                                                                                                                                                      1. Online Station Streams
                                                                                                                                                                                                                      2. By Buying Method
                                                                                                                                                                                                                        1. Direct Buys
                                                                                                                                                                                                                          1. Programmatic / Automated Local Buys
                                                                                                                                                                                                                        2. China
                                                                                                                                                                                                                          1. By Type
                                                                                                                                                                                                                            1. Spot Advertising
                                                                                                                                                                                                                              1. Live Reads
                                                                                                                                                                                                                                1. Sponsorships / Branded Segments
                                                                                                                                                                                                                                  1. Promotions & Contests
                                                                                                                                                                                                                                  2. By Format
                                                                                                                                                                                                                                    1. AM Radio
                                                                                                                                                                                                                                      1. FM Radio
                                                                                                                                                                                                                                        1. Digital-Linked Radio (Simulcast & Station Streaming)
                                                                                                                                                                                                                                          1. Satellite Radio
                                                                                                                                                                                                                                          2. By Advertiser Size
                                                                                                                                                                                                                                            1. Local/Regional SMEs
                                                                                                                                                                                                                                              1. National Advertisers
                                                                                                                                                                                                                                                1. Multinational Campaigns
                                                                                                                                                                                                                                                2. By Industry Vertical
                                                                                                                                                                                                                                                  1. Retail
                                                                                                                                                                                                                                                    1. Automotive
                                                                                                                                                                                                                                                      1. FMCG
                                                                                                                                                                                                                                                        1. Finance & Insurance
                                                                                                                                                                                                                                                          1. Public Sector & Government
                                                                                                                                                                                                                                                          2. By Distribution Channel
                                                                                                                                                                                                                                                            1. Terrestrial Broadcast
                                                                                                                                                                                                                                                              1. Satellite Networks
                                                                                                                                                                                                                                                                1. Online Station Streams
                                                                                                                                                                                                                                                                2. By Buying Method
                                                                                                                                                                                                                                                                  1. Direct Buys
                                                                                                                                                                                                                                                                    1. Programmatic / Automated Local Buys
                                                                                                                                                                                                                                                                  2. South Korea
                                                                                                                                                                                                                                                                  3. Japan
                                                                                                                                                                                                                                                                  4. India
                                                                                                                                                                                                                                                                  5. Australia
                                                                                                                                                                                                                                                                  6. Singapore
                                                                                                                                                                                                                                                                  7. Taiwan
                                                                                                                                                                                                                                                                  8. South East Asia
                                                                                                                                                                                                                                                                  9. Rest of Asia-Pacific
                                                                                                                                                                                                                                                                3. Middle East and Africa
                                                                                                                                                                                                                                                                  1. Market Size and Forecast
                                                                                                                                                                                                                                                                    1. By Type
                                                                                                                                                                                                                                                                      1. Spot Advertising
                                                                                                                                                                                                                                                                        1. Live Reads
                                                                                                                                                                                                                                                                          1. Sponsorships / Branded Segments
                                                                                                                                                                                                                                                                            1. Promotions & Contests
                                                                                                                                                                                                                                                                            2. By Format
                                                                                                                                                                                                                                                                              1. AM Radio
                                                                                                                                                                                                                                                                                1. FM Radio
                                                                                                                                                                                                                                                                                  1. Digital-Linked Radio (Simulcast & Station Streaming)
                                                                                                                                                                                                                                                                                    1. Satellite Radio
                                                                                                                                                                                                                                                                                    2. By Advertiser Size
                                                                                                                                                                                                                                                                                      1. Local/Regional SMEs
                                                                                                                                                                                                                                                                                        1. National Advertisers
                                                                                                                                                                                                                                                                                          1. Multinational Campaigns
                                                                                                                                                                                                                                                                                          2. By Industry Vertical
                                                                                                                                                                                                                                                                                            1. Retail
                                                                                                                                                                                                                                                                                              1. Automotive
                                                                                                                                                                                                                                                                                                1. FMCG
                                                                                                                                                                                                                                                                                                  1. Finance & Insurance
                                                                                                                                                                                                                                                                                                    1. Public Sector & Government
                                                                                                                                                                                                                                                                                                    2. By Distribution Channel
                                                                                                                                                                                                                                                                                                      1. Terrestrial Broadcast
                                                                                                                                                                                                                                                                                                        1. Satellite Networks
                                                                                                                                                                                                                                                                                                          1. Online Station Streams
                                                                                                                                                                                                                                                                                                          2. By Buying Method
                                                                                                                                                                                                                                                                                                            1. Direct Buys
                                                                                                                                                                                                                                                                                                              1. Programmatic / Automated Local Buys
                                                                                                                                                                                                                                                                                                            2. UAE
                                                                                                                                                                                                                                                                                                              1. By Type
                                                                                                                                                                                                                                                                                                                1. Spot Advertising
                                                                                                                                                                                                                                                                                                                  1. Live Reads
                                                                                                                                                                                                                                                                                                                    1. Sponsorships / Branded Segments
                                                                                                                                                                                                                                                                                                                      1. Promotions & Contests
                                                                                                                                                                                                                                                                                                                      2. By Format
                                                                                                                                                                                                                                                                                                                        1. AM Radio
                                                                                                                                                                                                                                                                                                                          1. FM Radio
                                                                                                                                                                                                                                                                                                                            1. Digital-Linked Radio (Simulcast & Station Streaming)
                                                                                                                                                                                                                                                                                                                              1. Satellite Radio
                                                                                                                                                                                                                                                                                                                              2. By Advertiser Size
                                                                                                                                                                                                                                                                                                                                1. Local/Regional SMEs
                                                                                                                                                                                                                                                                                                                                  1. National Advertisers
                                                                                                                                                                                                                                                                                                                                    1. Multinational Campaigns
                                                                                                                                                                                                                                                                                                                                    2. By Industry Vertical
                                                                                                                                                                                                                                                                                                                                      1. Retail
                                                                                                                                                                                                                                                                                                                                        1. Automotive
                                                                                                                                                                                                                                                                                                                                          1. FMCG
                                                                                                                                                                                                                                                                                                                                            1. Finance & Insurance
                                                                                                                                                                                                                                                                                                                                              1. Public Sector & Government
                                                                                                                                                                                                                                                                                                                                              2. By Distribution Channel
                                                                                                                                                                                                                                                                                                                                                1. Terrestrial Broadcast
                                                                                                                                                                                                                                                                                                                                                  1. Satellite Networks
                                                                                                                                                                                                                                                                                                                                                    1. Online Station Streams
                                                                                                                                                                                                                                                                                                                                                    2. By Buying Method
                                                                                                                                                                                                                                                                                                                                                      1. Direct Buys
                                                                                                                                                                                                                                                                                                                                                        1. Programmatic / Automated Local Buys
                                                                                                                                                                                                                                                                                                                                                      2. Turky
                                                                                                                                                                                                                                                                                                                                                      3. Saudi Arabia
                                                                                                                                                                                                                                                                                                                                                      4. South Africa
                                                                                                                                                                                                                                                                                                                                                      5. Egypt
                                                                                                                                                                                                                                                                                                                                                      6. Nigeria
                                                                                                                                                                                                                                                                                                                                                      7. Rest of MEA
                                                                                                                                                                                                                                                                                                                                                    3. LATAM
                                                                                                                                                                                                                                                                                                                                                      1. Market Size and Forecast
                                                                                                                                                                                                                                                                                                                                                        1. By Type
                                                                                                                                                                                                                                                                                                                                                          1. Spot Advertising
                                                                                                                                                                                                                                                                                                                                                            1. Live Reads
                                                                                                                                                                                                                                                                                                                                                              1. Sponsorships / Branded Segments
                                                                                                                                                                                                                                                                                                                                                                1. Promotions & Contests
                                                                                                                                                                                                                                                                                                                                                                2. By Format
                                                                                                                                                                                                                                                                                                                                                                  1. AM Radio
                                                                                                                                                                                                                                                                                                                                                                    1. FM Radio
                                                                                                                                                                                                                                                                                                                                                                      1. Digital-Linked Radio (Simulcast & Station Streaming)
                                                                                                                                                                                                                                                                                                                                                                        1. Satellite Radio
                                                                                                                                                                                                                                                                                                                                                                        2. By Advertiser Size
                                                                                                                                                                                                                                                                                                                                                                          1. Local/Regional SMEs
                                                                                                                                                                                                                                                                                                                                                                            1. National Advertisers
                                                                                                                                                                                                                                                                                                                                                                              1. Multinational Campaigns
                                                                                                                                                                                                                                                                                                                                                                              2. By Industry Vertical
                                                                                                                                                                                                                                                                                                                                                                                1. Retail
                                                                                                                                                                                                                                                                                                                                                                                  1. Automotive
                                                                                                                                                                                                                                                                                                                                                                                    1. FMCG
                                                                                                                                                                                                                                                                                                                                                                                      1. Finance & Insurance
                                                                                                                                                                                                                                                                                                                                                                                        1. Public Sector & Government
                                                                                                                                                                                                                                                                                                                                                                                        2. By Distribution Channel
                                                                                                                                                                                                                                                                                                                                                                                          1. Terrestrial Broadcast
                                                                                                                                                                                                                                                                                                                                                                                            1. Satellite Networks
                                                                                                                                                                                                                                                                                                                                                                                              1. Online Station Streams
                                                                                                                                                                                                                                                                                                                                                                                              2. By Buying Method
                                                                                                                                                                                                                                                                                                                                                                                                1. Direct Buys
                                                                                                                                                                                                                                                                                                                                                                                                  1. Programmatic / Automated Local Buys
                                                                                                                                                                                                                                                                                                                                                                                                2. Brazil
                                                                                                                                                                                                                                                                                                                                                                                                  1. By Type
                                                                                                                                                                                                                                                                                                                                                                                                    1. Spot Advertising
                                                                                                                                                                                                                                                                                                                                                                                                      1. Live Reads
                                                                                                                                                                                                                                                                                                                                                                                                        1. Sponsorships / Branded Segments
                                                                                                                                                                                                                                                                                                                                                                                                          1. Promotions & Contests
                                                                                                                                                                                                                                                                                                                                                                                                          2. By Format
                                                                                                                                                                                                                                                                                                                                                                                                            1. AM Radio
                                                                                                                                                                                                                                                                                                                                                                                                              1. FM Radio
                                                                                                                                                                                                                                                                                                                                                                                                                1. Digital-Linked Radio (Simulcast & Station Streaming)
                                                                                                                                                                                                                                                                                                                                                                                                                  1. Satellite Radio
                                                                                                                                                                                                                                                                                                                                                                                                                  2. By Advertiser Size
                                                                                                                                                                                                                                                                                                                                                                                                                    1. Local/Regional SMEs
                                                                                                                                                                                                                                                                                                                                                                                                                      1. National Advertisers
                                                                                                                                                                                                                                                                                                                                                                                                                        1. Multinational Campaigns
                                                                                                                                                                                                                                                                                                                                                                                                                        2. By Industry Vertical
                                                                                                                                                                                                                                                                                                                                                                                                                          1. Retail
                                                                                                                                                                                                                                                                                                                                                                                                                            1. Automotive
                                                                                                                                                                                                                                                                                                                                                                                                                              1. FMCG
                                                                                                                                                                                                                                                                                                                                                                                                                                1. Finance & Insurance
                                                                                                                                                                                                                                                                                                                                                                                                                                  1. Public Sector & Government
                                                                                                                                                                                                                                                                                                                                                                                                                                  2. By Distribution Channel
                                                                                                                                                                                                                                                                                                                                                                                                                                    1. Terrestrial Broadcast
                                                                                                                                                                                                                                                                                                                                                                                                                                      1. Satellite Networks
                                                                                                                                                                                                                                                                                                                                                                                                                                        1. Online Station Streams
                                                                                                                                                                                                                                                                                                                                                                                                                                        2. By Buying Method
                                                                                                                                                                                                                                                                                                                                                                                                                                          1. Direct Buys
                                                                                                                                                                                                                                                                                                                                                                                                                                            1. Programmatic / Automated Local Buys
                                                                                                                                                                                                                                                                                                                                                                                                                                          2. Mexico
                                                                                                                                                                                                                                                                                                                                                                                                                                          3. Argentina
                                                                                                                                                                                                                                                                                                                                                                                                                                          4. Chile
                                                                                                                                                                                                                                                                                                                                                                                                                                          5. Colombia
                                                                                                                                                                                                                                                                                                                                                                                                                                          6. Rest of LATAM
                                                                                                                                                                                                                                                                                                                                                                                                                                      2. Competitive Landscape, 2024
                                                                                                                                                                                                                                                                                                                                                                                                                                        1. Introduction
                                                                                                                                                                                                                                                                                                                                                                                                                                        2. Traditional Radio Advertising Market Share Analysis, 2024 (%)
                                                                                                                                                                                                                                                                                                                                                                                                                                          1. Market Share Analysis, 2024
                                                                                                                                                                                                                                                                                                                                                                                                                                          2. Competition Ranking, 2024
                                                                                                                                                                                                                                                                                                                                                                                                                                          3. Key Developments & Growth Strategies
                                                                                                                                                                                                                                                                                                                                                                                                                                            1. Merger & Acquisition
                                                                                                                                                                                                                                                                                                                                                                                                                                            2. Product Launch
                                                                                                                                                                                                                                                                                                                                                                                                                                            3. Expansion
                                                                                                                                                                                                                                                                                                                                                                                                                                          4. Consolidated SWOT Analysis of Key Players
                                                                                                                                                                                                                                                                                                                                                                                                                                      3. Company Profile
                                                                                                                                                                                                                                                                                                                                                                                                                                        1. Global Audio Networks
                                                                                                                                                                                                                                                                                                                                                                                                                                          1. Business Overview
                                                                                                                                                                                                                                                                                                                                                                                                                                          2. Financial Data
                                                                                                                                                                                                                                                                                                                                                                                                                                          3. Key Product Categories
                                                                                                                                                                                                                                                                                                                                                                                                                                          4. Recent Developments
                                                                                                                                                                                                                                                                                                                                                                                                                                        2. Continental Broadcast Group
                                                                                                                                                                                                                                                                                                                                                                                                                                        3. Heritage Radio Holdings
                                                                                                                                                                                                                                                                                                                                                                                                                                        4. MetroWave Communications
                                                                                                                                                                                                                                                                                                                                                                                                                                        5. Regional Sound Media
                                                                                                                                                                                                                                                                                                                                                                                                                                        6. PrimeTalk Radio Group
                                                                                                                                                                                                                                                                                                                                                                                                                                        7. Sunrise FM Networks
                                                                                                                                                                                                                                                                                                                                                                                                                                        8. Terra Audio Solutions
                                                                                                                                                                                                                                                                                                                                                                                                                                        9. Pulse Radio Partners
                                                                                                                                                                                                                                                                                                                                                                                                                                        10. Satellite Audio Systems