Another Extension For iHeart Exchange Offers

The company says in a pre-Opening Bell announcement that the exchange offers and consent solicitations set to expire tomorrow (4/28) at 5pm Eastern will now expire in mid-May.

Sirius XM Puts More Dollars Into The Connected Car

With AM and FM radio under a perceived threat of losing their dominant visual placement in the next-gen in-vehicle digital dashboard, Sirius XM is doing its part to keep its in-car and in-truck and on-motorcycle listening growth. For an undisclosed price, the satellite radio operator is acquiring San Francisco-based Automatic Labs, a provider of connected vehicle services for consumers and enterprises.

Puerto Rican AM Owner Won’t Relent On Booster Push

On April 19, the operator of a trio of experimental AM booster stations used in a long-running "test" to fill in coverage gaps was served notice by the FCC: The three boosters' licenses are to be deleted. Nevertheless, this veteran broadcaster in "la isla del encanto" has continued what some may consider a quixotic push to get the Commission to change its mind.

Emmis Head Honored For Excellence By Broadcasters Foundation

Emmis Communications Chairman/CEO Jeff Smulyan is one of the radio industry's most beloved leaders. In recognition of his company's benevolent efforts, in association with the Broadcasters Foundation of America, Smulyan this morning was honored with the foundation's Lowry Mays Excellence in Broadcasting Award. Mays himself presented Smulyan with the honor.

NAB Honors Delilah With Hall Of Fame Induction

One of the most recognizable women in radio broadcasting has been inducted into the NAB Broadcasting Hall of Fame. We're not sure of her last name, but that's irrelevant. That's because Premiere Networks-syndicated host Delilah has been recognized for her efforts. It marks the first time a woman has been chosen in the last 35 years.

How Many People Are At The 2017 NAB Show?

The NAB has a preliminary take on its registered attendance for the 2017 NAB Show. Considered the world’s largest annual convention encompassing the convergence of media, entertainment and technology, more than 100,000 people are on hand in Las Vegas for this year's event, which saw activities begin on Saturday and will conclude on Thursday afternoon.
NAB Crystal Radio Awards

Ten Stations Earn NAB Crystal Radio Honors

The NAB has selected 10 winners of its 30th annual Crystal Radio Awards. Created in 1987, the awards recognize radio stations for their outstanding year-round commitment to community service.

Investors Show Unhappiness With Nielsen Q1 Results

At the Closing Bell on Wall Street, investors reacted negatively to Nielsen's Q1 results. Why? Its net income attributable to shareholders slid to $71 million (dipped to 20 cents per diluted share) from $100 million (27 cents), despite a first-quarter revenue increase of 2.6%, to $1.53 billion.
CBS Radio

New CBS Radio Tool Gauges Marketing Effectiveness

The tool is called Airtime Analytics, and the radio division of CBS Corp., which is merging with Entercom, says it gives radio advertisers a new tool for building ROI and effectiveness of their marketing campaigns by measuring the impact of audience delivery and engagement.

What Will Emmis Part Ways With To Meet $80M Obligation?

Emmis has notified the SEC that on April 18 it entered into a Fourth Amendment to its 2014 credit agreement with lenders. This means it's now a deal maker -- and must have at least one definitive agreement in place to sell at least $80 million in assets by Jan. 18. With Los Angeles magazine gone in a fire sale, could KPWR-FM "Power 106" be next?
SBS / Spanish Broadcasting System

A Moody’s Move For SBS ‘Probability of Default Rating’

Moody's Investors Service has downgraded Spanish Broadcasting System (SBS)'s probability of default rating (PDR). The downgrade came following the company's announcement that there was an event of default under the company's note indenture following note maturity on April 15.

NextRadio, TagStation Make Next Moves At NAB Show

With a flurry of activity focused on TV industry tech advancements, Emmis Communications Chairman/CEO Jeff Smulyan and Paul Brenner, President of Emmis' wholly owned TagStation, held court with key radio industry trade journalists and top Congressional aides alike as the two unveiled several new advancements for both the NextRadio app and TagStation's audience measurement tool, the Dial Report.

Radio One Replaces Old Debt With New Debt

Radio One, the media company focused on African American consumers, has closed on a new senior secured credit facility. The 2017 Credit Facility provides for $350 million in term loan borrowings, all of which was advanced and outstanding on the date of the April 18 closing of the transaction, Radio One said in an SEC filing late Friday.

How Did The Last Nationwide EAS Test Fare?

The Public Safety and Homeland Security Bureau of the FCC on Friday released its official report on the Sept. 28, 2016 Nationwide EAS Test. Was it a success?
Geico

GEICO Back On Top For Radio Spots

In last week’s Media Monitors Radio Spot Ten report, GEICO was back on top at No. 1 with 42,579 spots. The Home Depot held steady at No. 2 with 38,299 ads while iHeartRadio rose to No. 3 with 35,277 commercials.

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