A Longtime Chicago Radio Exec Dies At 77

Kelly Seaton, who served as GM of the former WFYR-FM 103.5 in Chicago and led the sales departments at storied AMs WLS-AM 890 and WGN-AM 720 in the Windy City, has died.

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.
SBS / Spanish Broadcasting System

SBS: Radio Programming ‘Upfront’, Q1 Results Delayed

Yesterday, Spanish Broadcasting System notified the Securities and Exchange Commission that it needs more time to complete its Q1 2017 quarterly report, which was due by the close of the day. Today, company executives won't be crunching the numbers. Instead, they'll be showing off their programming and on-air talent with clients and advertisers at an Upfront presentation featuring an appearance from the biggest Latin recording artist on the planet: Luis Fonsi.
Entravision Communications Corporation

Why Does Zacks Suggest Investors Dump Entravision Shares?

Getting out of an underperformer at the best time can help maximize one's portfolio returns. But, when is the right time, and how does one know? Zacks Equity Research thinks it has the answer for holders of Entravision Communications stock. Sell, sell, sell, Zacks says. Here's why.
Westwood One

WW1 Hops On The Katz Expressway

Westwood One Spot Sales, the national spot platform for Cumulus Media, is now participating in Expressway from Katz — a programmatic ad buying exchange for broadcast radio. Cumulus stations are offering full inventory access through Katz’s cutting-edge programmatic exchange, powered by Jelli, providing automation, speed, and transparency to its advertising clients and brand partners.
FCC

Time Runs Out For Erie Radio CP

A winning bidder for an FM construction permit in the FCC's Auction 98 has just seen its long-form application for the permit dismissed. The action comes after the bidder failed to make a required downpayment for the permit, and sought a waiver for the deadline. This request was denied, thanks (in part) to Connoisseur Media. Now, the bidder has no new station. And, the company has been assessed an interim default payment.

Emmis Financials Get Put Under The Microscope

With some in the radio industry openly questioning if the sale of KPWR-FM "Power 106" in Los Angeles signals a coming sell-off of all Emmis Communications radio stations, Wall Street financial house CapitalCube has taken its stethoscope and given the company led by Chairman/CEO Jeff Smulyan a check-up. What's the prognosis?

KLOVE Secures A NoVa O&O

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.

Who’s The New Communications Chief For Beasley?

The former spokesperson for Greater Media has taken a similar role with the former radio broadcasting company's acquisition partner, Beasley Broadcast Group.

Lakes Media Speaks Up On FM Translator Rulemaking Petition

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 Great Eastern Deal Sees A Trio’s Trade

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.
Univision Communications, Inc.

Radio Revenue A Drag On Univision In Q1

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.
FCC

Take Three: The Latest Broadcast Station Ownership Report

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?
Emmis Communications

Net Revenues Dip, But A Lower Net Loss For Emmis

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.

Tom Birch Finally Topples Troublesome Translator

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.

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