BIA/Kelsey Says LA's KIIS Is Top Earner

Radio market researcher BIA/Kelsey has released its 2014 station revenue estimates
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CHANTILLY, Va.�Radio market researcher BIA/Kelsey has released its 2014 station revenue estimates. It has estimated that iHeartMedia Los Angeles' KIIS(FM) is the top revenue-producing station in the nation.

These numbers are from BIA/Kelsey�s latest��Investing in Radio Market Report.��

Due to a $4.3 million revenue increase to an estimated $65.9 million, the L.A. station beat out last year�s number one, Hubbard Radio�s Washington station WTOP(FM), which saw its revenue flat at $63.5 million.

KIIS� revenue bump was unusual among the top 10 players; all others saw no growth or a downturn. The other big mover in the rankings was another iHeartMedia L.A. property, KBIG, which moved from number seven in 2013 to number five in 2014, though it actually had a revenue drop of $1.6 million, to an estimated $42.9 million for 2014.

Comparing the years, number three, iHeartMedia New York�s WHTZ(FM) and number four, CBS Radio�s WCBS(AM), remained in the same slots though WHTZ was flat revenue-wise at $51 million, while WCBS saw a drop of $1.3 million, landing at $49.2 million. At slots six and seven, iHeartMedia�s WLTW(FM) and CBS Radio�s WINS(AM), both in New York, dropped a place each and suffered hits in revenue of $4 million and $4.5 million, respectively, to end up at $41.5 million and $41 million respectively. The final three, all CBS Radio properties, retained their order over the year: WFAN(FM), New York, KROQ(FM), Los Angeles and WBBM(AM), Chicago. WFAN dropped $2 million to an estimated $41 million; KROQ fell $2.6 million to $40.2 million; and WBBM missed $2.8 million to settle at $39.2 million.

Nine of the top 10 earners are owned by iHeart or CBS -- Hubbard�s WTOP �is the exception. Three of the top 10 are AMs.

BIA/Kelsey estimated overall that radio revenues were relatively stable year-over-year at $14.9 billion.

BIA/Kelsey Senior Vice President and Chief Economist Mark Fratrik said in the announcement, �Last year, a slight decline in over-the-air revenues [$14.3 billion estimated] was offset by an increase in online revenues [$636 million estimated], resulting in steady overall revenues.� The report also takes a look at overall station sales, saying in a release, �In 2014, radio station trading activity remained about the same as the previous year, with 934 radio stations changing hands, at a total value of $950 million.�