Broadcast News

Television and newspaper company Tribune has a dual purpose for a proposed $3.8B loan and smaller revolver – it wants to finance a buy and a refi. Moody’s Investors Service sees much to like in Tribune’s moves and no basis for an overall status change.

KDB-FM is a hybrid operation – it’s owned and operated by a non-profit organization, but one of its income streams is based on the sale of traditional advertising. But it’s been running in the red and it’s going on the block.

Income was up for radio’s #2 giant Cumulus, but so were expenses, and like most radio companies,

So says a Bloomberg story: JPMorgan Chase & Co. is arranging a $3.8 billion seven-year term loan and a $300 million five-year revolving credit line to finance its acquisition of TV stations and to refinance debt, sources told the news outlet. The bank is hosting a meeting with lenders on 10/31.

Marketers continue to gradually increase their global ad spending, as expenditures grew 3.5% in Q2 2013 and 3.5% on a year-over-year basis for the...

Analog radio across the pond may be history by the first half of 2018, as Linda Smith, CEO of RadioCentre (Britain’s commercial radio trade organization), called on the UK Government earlier this month to set out a timetable for the industry’s digital switchover. Ed Vaizey, the Communications minister, is expected to do just that (including possibly a switchover date) at the Go Digital Conference 12/16.

Aereo says its online broadcast streaming service will launch in the Denver metro region on 11/4. The Denver metro area includes 67 counties across...

Alpha Broadcasting’s FM News 101 KXL in Portland says they weren't trying to disrespect anyone with the use of an insensitive quote on a...

The Federal Trade Commission comment window was scheduled to close 10/21/13 for those wishing to weigh in on Nielsen’s big $1.26B acquisition of Arbitron. The government shutdown has led to an extension.

More importantly, though, the folks behind NextRadio say they need stronger participation from broadcasters if the business is really going to maximize the potential of radio on mobile. Also, social media is playing a major role in shaping the messaging to consumers.