The Mike Novak-led Educational Media Foundation, one of the most prolific buyers of FM stations in recent months, is at it again. This time, it’s acquiring a Class A facility in Northern Virginia from the man who holds a majority stake in the Washington Redskins. Meanwhile, a Texas nonprofit has sold a pair of noncommercial FM stations to another Lone Star State noncomm entity, as "NV89" gets a boost in the Silver State's capital city.
The former spokesperson for Greater Media has taken a similar role with the former radio broadcasting company's acquisition partner, Beasley Broadcast Group.
North Carolina-based Lakes Media LLC and its President, Tom Birch, on Friday submitted comments to the Commission that strongly rebut a rulemaking petition submitted by Aztec Capital Partners that would, in Birch's view, loosen protections for fully licensed FM stations. The comments come on the heels of receipt of an FCC Staff Letter ordering immediate cessation of the operation of a translator in Durham, N.C., and the dismissal of its license.
A trio of radio stations in New Hampshire is being sold to a longtime engineer and broadcaster in the Granite State. Richard A. Foreman Associates advised the seller on the deal, which involves a company with the same name of a North Carolina operator that made headlines this week.
While not a public company, Univision has been sharing its quarterly earnings with the public as part of a failed attempt at an initial public offering. How does the largest media company serving Hispanics and millennial consumers look? Total revenue is up, but Univision Radio is struggling.
Totaling 74 pages, the "Third Report on Ownership of Commercial Broadcast Stations" — based on FCC Form 323 Ownership Data as of Oct. 1, 2015 — has been released by the Commission's Media Bureau. FCC Form 323 is designed to obtain comprehensive data on racial and ethnic minority and female broadcast ownership—statistically valid broadcast ownership data that can be compiled and aggregated and used as a source for further analysis. What did the FCC find?
It was a good news/bad news fiscal Q4 for Emmis Communications, which wrapped up its 2017 business year on Feb. 28. Total net revenue declined. For its core radio division, Emmis’ fiscal Q4 net revenues fell 6.6%. But, the company's consolidated net loss was narrower in fiscal Q4. We've got the details, along with a look at its just-completed fiscal 2017.
Arohi Media LLC on Tuesday night officially complied with the FCC and shut down FM translator W252DK, licensed to Durham, N.C. The translator greatly impacted Tom Birch's Lakes Media. In this exclusive interview, Birch offers advice on how others can avoid such a costly problem.
Paul Lotsof has aired a PSA since 2015 in which he instructs individuals what to do with any child pornography they may possess. He disagrees with Arizona law regarding possession of such salacious material. Could that claim his license? Here's what one top D.C. communications lawyer says.
Saga Communications on Wednesday bid farewell to TV station ownership. But, in doing so, it doubled-down on its core business: radio. In a deal that sees it using roughly one-third of the proceeds from its TV industry exit, Saga has agreed to acquire the seven FM stations, one AM and four translators owned by Apex Media Corp., which exits the business.
Townsquare Media Chairman/CEO Steven Price is satisfied with his company's Q1 performance. Saying that the year has started off well for the owner of small- and medium-market radio stations, in addition to a growing live events division, Townsquare saw its net income dip and its net loss widen. Tough comps due to political dollars seen in Q1 are the key reason for the fall.
Confirming rumors that a deal was imminent, Emmis Communications has agreed to sell its CHR/Rhythmic KPWR-FM 105.9 "Power 106" in Los Angeles to an affiliate of the Meruelo Group for $82.75 million.
Salem Media Group on Monday (5/8) made two big revelations. First, its Q1 2017 net revenue was flat while net income saw a nice rise. Second, Salem says it intends to offer some $255 million aggregate principal amount of senior secured notes due 2024 in a private offering. Moody's Investors Service chimed in, and has assigned a rating to the notes.
Salem Media Group intends to offer some $255 million aggregate principal amount of senior secured notes due 2024 in a private offering that's exempt from the registration requirements of the Securities Act of 1933. The news comes as the conservative and Christian-themed media company saw its Q1 net income soar on flat revenue.
In last week’s Media Monitors Radio Spot Ten report, Discover Card -- along with AutoZone -- proved to be big spenders at the AM and FM stations tracked. Who was the top advertiser at broadcast radio? Find out now!