Want to buy a satellite radio company?
After filing Chapter 11 a few days ago WorldSpace has gotten federal bankruptcy court approval for $2 million in debtor-in-possession financing and permission to...
FCC’s O’Rielly Wants More Anti-Payola Answers
First, it was the Recording Industry Association of America (RIAA). Now, Republican FCC Commissioner Mike O'Rielly has the Chief Compliance Officers at three of the world's biggest recorded music companies in his cross-hairs. O'Rielly still wants answers in response to an August 2019 report in Radio Ink that suggests a “pay-to-play it” atmosphere persists at U.S. radio stations.
BIA: Radio’s Local Media Revs To Near 11%
A BIA/Kelsey analysis of U.S. local media revenues shows that radio will account for 10.5% of the $146.3 billion total local ad dollars in 2016.
Spot Flo For Radio A Truly Progressive Move
The latest Media Monitors Spot Ten Radio report is out, and once again the auto insurance category is a big one for AM and FM radio. However, the latest report shows Progressive opening a wide gap by spot count over its nearest competitor.
Polito Vega celebrates 50 years on the radio
SBS’s Polito Vega, better known as the “King of Radio,” will be honored for his 50 years on radio with a two day concert...
Grassroots Republicans urged to use radio for voice in GOP
Conservative activist Richard Viguerie is concerned that the Republican Party establishment is trying to change the rules of engagement in such a way as...
GroupM: Global ad spend to fall 4.4%
Global ad spending in measured media is expected to drop 4.4% to $425 billion in 2009 compared to 2008 when spending was up 3%, according to a
More opposition to "white spaces" devices
Major US sports organizations have filed their opposition to allowing unlicensed wireless devices to operate in the "white spaces" of the UHF and VHF...
Radio to Face New Foe in Music Licensing Battles
The Grammy's have formed a PAC.
Ex-WBIX host Rennie accused of stealing millions
Four years after former WBIX-AM Boston owner Brad Bleidt was busted for swindling millions of dollars from clients, The Boston Globe reports federal and...
What Will Q2 Look Like For Salem?
Salem Media Group plans to report its second quarter 2022 financial results after U.S. financial markets close on August 4. What can investors expect to hear from the company growing its podcast division and building out an OTT-delivered video news channel?
Noted Media Broker Serafin Dies
For years, veteran media broker Glenn Serafin was highly regarded for his knowledge of radio and television station transactions ... and values. Now, the media industry is paying tribute to Serafin, who passed away Monday in Tampa at the age of 69.
Borneman Puts A Shamrock Back in His Work Life
From 1989 through 2012, he was widely known for his sales roles and leadership of the AM and FM radio stations once owned by ABC Radio serving the New York Tri-State Area. He'd later join WOR-AM in New York as Station Manager before taking a post with Shamrock Communications in the Poconos. Now, there's a Shamrock back in Steve Borneman's professional life.
Is iHeart Seeking to Snuff Global’s Equity Wish With a Faulty Argument?
The nation's biggest AM and FM licensee argues that the FCC can only consider its views in determining what level of advance approval a foreign entity may be granted. That's incorrect, the financial backer of one of the U.K.'s biggest audio media companies now says. It signals iHeartMedia's unwillingness to allow U.K.-based Global to take nearly half of its ownership.
Cumulus Q1 up 34% with WestwoodOne addition
On an actual basis, net revenues for Q1 increased $74.2 million, or 34.1%, to $292.0 million, compared