Legacy

The company's CEO, Jennifer Witz, has disclosed in an internal memo that roughly 160 jobs will be eliminated at the home of Howard Stern and curated music channels from artists including John Mayer and Kelly Clarkson.

Beasley Media Group early Monday released its fourth quarter 2023 financial earnings report. While the company's net revenue and adjusted EBITDA were down year-over-year, Beasley achieved net revenue in the final three months of last year.

Bell Media's parent, which partners with iHeartMedia in Canada, is undertaking the "largest workforce restructuring initiative in 30 years."  Some 4,800 positions will be cut, driving in-year cost savings of $150 million CDN-$200 million CDN. To do this, CTV network newscasts will get cut. Radio stations will be sold.

Among the many documents added to the docket report in Audacy Inc. federal bankruptcy case being heard in a Houston court is a 17-page "Master Service List" outlining the top 30 unsecured creditors of the audio content creation and distribution company led by CEO David Field.

"My client is fighting the Russian empire on the home front." That's how attorney Arthur Belendiuk sums up an effort by the Ukranian Congress Committee of America to convince the FCC that a radio station owned by Arthur Liu is in violation of commission rules for broadcasting "paid Russian state propaganda."

In a transaction that sees Kalil & Co. as the broker, the Neuhoff Family has agreed to sell its radio stations in both Danville and Decatur, Ill.  The proposed sale, the Neuhoff Family Limited Partnership says, is part of "an overall strategic decision" to exit the broadcast industry after nearly 70 years.

It was once owned by NBC, and later by Media General before becoming a Sinclair Broadcast Group station in December 2014. Now, Sinclair Inc. is commemorating the upcoming 75th anniversary of the TV station's debut, making it Rhode Island's first television station.

The woman who serves as Market President for iHeartMedia in Eau Claire, Wisc., and Rochester, Minn., has been appointed to the NAB Radio Board of Directors.

It may technically not be a station sale, but it is indeed a transfer of control. And, there is money being transacted. As such, the FCC has received a filing from the owner of a 50,000-watt FM serving Olivia, Minn., that seeks its permission to transfer it from one licensee to another.

The purveyor of Christian-themed and conservative Talk content that in 2021 relocated to Irving, Tex., is selling its former Ventura County, Calif., headquarters, while entering a sale leaseback agreement. Salem Media Group continues to use the facility for broadcast studios and corporate needs.

FCC efforts to stop unlicensed radio activity have seen a significant step-up over the last year. These accomplishments were shared in an annual report to Congress submitted by the FCC on the positives the "Preventing Illegal Radio Abuse Through Enforcement Act" has brought to patrolling the nation's airwaves.

Sirius XM Radio Inc. has moved forward with its defense against claims from the Attorney General for the State of New York that it engaged in “a deliberately lengthy and burdensome cancellation process” by having the case play out in federal court, and not in state court.

The redemption is expected to occur on January 29, completing a debt swap that gives TelevisaUnivision more time to repay its debtors but add a premium, given the higher interest rate.

As expected, the Federal Communications Commission has moved ahead on a party-line 3-2 vote with a Notice of Proposed Rulemaking that will establish an agency regulatory policy requiring rebates for MVPD consumers who face programming "blackouts" due to a retransmission consent impasse.

"Due to economic conditions in the market, the licensee was forced to take the station off the air temporarily." But, how long will the challenges of running a pair of Docket 80/90 Class A radio stations in rural Delaware County, N.Y. keep them dark? And, could Townsquare Media simply try to sell them?