Cumulus riding along with radio renaissance
Income was up for radio’s #2 giant Cumulus, but so were expenses, and like most radio companies,
Tribune pursuing $4.1 billion in loans
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.
Global ad spend up 3.5% in Q2
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...
Toyota, Chevrolet and Ford dealers accelerate
Last week in the Media Monitors TV SPOT TEN, Automotive sped up their use of TV. ABC TV Network maintained #1 status with 19,971...
UK DAB switchover decision looming
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 names Denver launch; power problems?
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...
KXL-FM taking down Chinatown billboard
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...
Stocks change little ahead of earnings, Fed meeting
Major stock indexes posted a mixed finish, ending little changed as investors stuck to the sidelines ahead of earnings from Apple after the closing...
Wegmann promoted at Radio One
Alfred Liggins will continue on as the CEO of the urban media specialist, and Chris Wegmann will report to him as President of the...
FTC extends comment period on Nielsen/Arbitron deal
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.
Curtis springs for another translator
It looks like any North Carolina FM translator that is not nailed down may wind up in the portfolio of Curtis Media – and the group has just struck again
Cable protests Sinclair/Allbritton deal
The American Cable Association says if Sinclair buys Allbritton television stations, it will have too
NextRadio metrics grow
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.
CBS Corp. partners with Netflix for “Dexter”
It’s a rare content licensing agreement in which all eight seasons of the Showtime drama “Dexter” will become available for Netflix members in the US. Beginning on Halloween, the first four seasons of the award-winning series will be available to watch instantly; seasons 5-8 will begin on 1/1.
Randy Freer named Fox Networks Group President/COO
The Co-President and COO, FOX Sports Media Group has been elevated to the new position, it was