102.9 NOW FM debuts in Seattle
Clear Channel/Seattle debuted “102.9 NOW, Hit Music for the Northwest,” 6/14 at 10:00 AM. It’s described as a “Hot AC on steroids,” playing the...
GE Capital provides $405M credit facility to Entravision
GE Capital’s Telecom, Media and Technology financing business served as administrative agent on a new $405 million credit facility for Entravision Communications. GE Capital...
ABC/NBA obliterate the competition
Basketball playoff action again created a situation where ABC had better ratings and share numbers than the three other big four networks combined, and...
National radio rep biz loses talent
It’s unfortunate that the national radio rep biz is having a tremendous amount of turnover right now, due
Taking stock of Twin Cities AM
$1.5M KTNF-AM Minneapolis-St. Paul MN (St. Louis Park MN). 100% of JR Broadcasting LLC from Janet M. Robert to Chad Larson. Note for full...
Brady buys Yuma television station
$1.3M KYMA-DT Yuma AZ from Yuma Broadcasting Company (Ralph Toddre) to Blackhawk Broadcasting LLC (Brian W. Brady). $50K escrow, $1.12M cash at closing, $130K...
Retail spending picks up in May
There was a small uptick in consumer spending (excluding cars, gas and eating out) from April to May – but looked at YOY, there...
Mixed review for Gannett-Belo deal
Moody’s Investor Service sees good things in Gannett’s acquisition of the Belo television group, but they do
West Virginia combo sold
WFSP AM & FM serve a portion of the Morgantown-Clarksburg-Fairmont Arbitron market, and soon they will be doing so under the auspices of a new owner. The combo is licensed to Kingswood WV.
Global ad revenues to grow 6% in 2014
Magna Global predicts the global ad market to grow by 3.0% this year, to $486 billion, thus slowing down from 2012 (+3.9%), and then accelerate by 6.1% in 2014, to $515 billion. Compared to its previous forecasts, published in December 2012, this represents a small downgrade for 2013 (-0.1%) and a small increase for 2014 (+0.1%). Magna’s analysis covers ad market conditions in 73 individual markets, adding three new markets this time: Sri Lanka, Pakistan and Kenya.
Clearwire board endorses Dish’s new bid
Only a day after DISH Acquisition Holding Corporation extended the expiration of the previously
The Bachelorette, episode 3: Brian’s busted, Ben’s bullied
We got to see more of girl next door Desiree this week in her workout outfits during the Dodgeball group date, the building climbing...
BMI files rate action against Pandora
Broadcast Music Inc (BMI) filed an action in New York City today asking the Federal Rate Court to set
Stocks jump on easing Fed worries, upbeat data
Stocks rallied on Thursday, with the S&P 500 index marking its best day in five months, bolstered by upbeat economic data and a late-session...
Apple signs BMI for iTunes Radio
BMI has inked a performance licensing deal with Apple for iTunes Radio that will give it 10% royalties on ad revenue from the new service, according to reports. Both Warner/Chappell and Sony/ATV struck deals for iTunes Radio ahead of the platform’s launch. Warner/Chappell is getting 10% royalty rate from ad revenue and Sony/ATV at 10-15% for now.