Wall Street / Trading Floor

Upward Movement On Monday For Media Shares

U.S. financial markets enjoyed a stellar start to the week, as the Dow Jones Industrial Average climbed 89.99 points, to 20,894.83. The Nasdaq Composite improved 49.92, to 6,133.62. Among the big movers on Monday was Cumulus Media, as chat concerning a possible takeover from a Lew Dickey-led blank check company continues.

Heftel Comes Back To Radio, Via A ‘Highway’

For a generation of broadcasters, the late Cecil Heftel helped bring Top 40 radio some of its earliest success. Later, he helped build some of the nation's top Spanish-language AMs and FMs, including properties in L.A. overseen by his son, Richard Heftel. Now, the Heftel family is coming back to the radio business. We spoke with Heftel on his re-entry into radio, and how a huge bedding retailer is to thank for his rescue of a group of stations long associated with Howard Anderson.

A Central N.Y. Fox Spins An AM

Craig L. Fox, who owns radio stations in Central New York through various companies, has had a rocky relationship with the FCC. Fox’s run as an owner has been bumpy, and last year via consent decree forked over thousands of dollars to the FCC for attempting to skirt market ownership sub-caps. The latest news from the Commission regarding Mr. Fox, however, focuses on a transaction: Fox’s Cram Communications is selling the Syracuse market’s home of FOX Sports Radio.

Is Modern Media’s First Move A Cumulus Reboot?

Lewis W. Dickey Jr. is perhaps one of the most polarizing individuals in the broadcast radio business. Yet, the co-founder of the second-largest radio company by number of stations, Cumulus Media, has officially been out of the industry since March 23. Is Dickey plotting a return to AM and FM station ownership? Speculation is running high among media brokers and high-placed industry observers who spoke with RBR+TVBR that Dickey's newest entity, Modern Media Acquisition Corp., was designed expressly for a methodical merger.

FCC Gets Tough With Flurry Of Pirate Radio Warnings

Has the FCC finally decided to get tough with the buccaneers of broadcasting that have littered the FM airwaves in three major East Coast markets for years? A series of notices of unlicensed operation issued May 17, and made public on Monday (5/22), suggest a sea change is finally underway at the Commission.

DOT Spots Surge With Federal Spend On Radio

"Thanks, Washington." Why would any radio station owner say that? The U.S. Department of Transportation invested a whole bunch of money into radio spots, according to Media Monitors' just-released Spot Ten Radio chart for the week ending May 21.

A Dance ‘Revolution’ In SoFla To Spread To Palm Beaches

What began as a tiny FM translator serving downtown Miami and points south and west is set to expand to a regional monster. Don't run ... just dance and enjoy the Revolution.
Daniel Snyder

Red Zebra Concludes Its Planned Station Sell-Offs

It's official: The radio broadcasting company formed by Washington Redskins owner Dan Snyder has sold a D.C.-area AM for just over $2 million. The deal, which saw Greg Guy of Patrick Communications serve as the broker, concludes the spins Red Zebra sought to conduct. The company will now focus on another AM for ESPN Radio coverage in the National Capital Region. Who's the buyer? Look to Camarillo, Calif., and across the river to Rosslyn, Va.

A ‘Clear’ Voice In Opposition Of Eased Translator Siting

The owner of a Class A FM serving Southern New Jersey has submitted comments in opposition to a Petition of Rulemaking that seeks a modification of Part 74 of the Commission's rules, which is designed to make it easier for the operator of an FM translator to find a suitable site for the transmitter. There's an opposing view, however. This owner says the change in rules would reduce the protection accorded to full-power FM stations from interference caused by a translator.

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Heftel Comes Back To Radio, Via A ‘Highway’

For a generation of broadcasters, the late Cecil Heftel helped bring Top 40 radio some of its earliest success. Later, he helped build some of the nation's top Spanish-language AMs and FMs, including properties in L.A. overseen by his son, Richard Heftel. Now, the Heftel family is coming back to the radio business. We spoke with Heftel on his re-entry into radio, and how a huge bedding retailer is to thank for his rescue of a group of stations long associated with Howard Anderson.

Rogers Recruited By Nexstar For Music City Role

Tracey Rogers is trucking east from Memphis for a new position in Music City. Effective immediately, Rogers has taken the VP/GM role at Nexstar Media Group's ABC affiliate in Nashville, WKRN-2.
Chevrolet

It’s All About Cars: Dealer Associations Drive Up TV Spots

Chevrolet and Honda just couldn't sit back and watch their competitors use TV to help drive Memorial Day Weekend interest in a new vehicle. Thanks to a big bump in TV spots from dealer associations for each brand, half of the latest Spot 10 is all about cars, trucks and family-friendly wheels of choice.

Home Improvement Retailers Step It Up At Cable

In the Media Monitors Cable Spot Ten report for the week ending May 14, The Home Depot and its top competitor, Lowe's, weren't even in the Top 30. In last week's Spot Ten report, both Do-It-Yourself hardware superstores surged back toward the top, with a highly active insurance brand the only thing stopping from them from finishing 1-2.

Latest Articles


DOT Spots Surge With Federal Spend On Radio

"Thanks, Washington." Why would any radio station owner say that? The U.S. Department of Transportation invested a whole bunch of money into radio spots, according to Media Monitors' just-released Spot Ten Radio chart for the week ending May 21.
Chevrolet

It’s All About Cars: Dealer Associations Drive Up TV Spots

Chevrolet and Honda just couldn't sit back and watch their competitors use TV to help drive Memorial Day Weekend interest in a new vehicle. Thanks to a big bump in TV spots from dealer associations for each brand, half of the latest Spot 10 is all about cars, trucks and family-friendly wheels of choice.

Midwest TV Inks New Nielsen Deal

The owner of an AM/FM combo and the CBS affiliate in America's Finest City has renewed its agreement with the audience measurement estimates provider.

FCC Gets Tough With Flurry Of Pirate Radio Warnings

Has the FCC finally decided to get tough with the buccaneers of broadcasting that have littered the FM airwaves in three major East Coast markets for years? A series of notices of unlicensed operation issued May 17, and made public on Monday (5/22), suggest a sea change is finally underway at the Commission.

What’s Next for Personal Electronics?

As a Futuresource Consulting analyst sees it, the smartphone will likely remain the most important personal electronics device for consumers for the foreseeable future. As technology progresses, however, we won't rely on or be limited to the smartphone forever. What could this mean for broadcast media's C-Suite?

Media Finance Focus Cuddles Up To ‘Connected Car’

On May 23, business and credit management executives in the media industry will get a "hands-on" tutorial of what the "connected car" will bring to broadcast radio and TV. Consider industry veteran and Jacapps President Paul Jacobs one of your virtual field trip coordinators.

Latest Version of Lightspeed Live Stream Arrives

The newest version of an enterprise-class live multiscreen encoding, packaging and distribution system has come to market. Digital media tools and workflow solutions provider Telestream is now offering Lightspeed Live Stream, designed to bring "increased revenue and greater audience engagement for live linear content streaming to new media and online video platforms (OVPs)."