Legacy

In an act that creates a single trade association for promoting IP in the media and entertainment industry, The Alliance for IP Media Solutions (AIMS) is merging with the Media Networking Alliance (MNA). The combination of the two entities comes after a two-year history of collaboration.

The nation's largest radio broadcasting company, iHeartMedia, revealed Monday in a SEC filing that its iHeartCommunications subsidiary is "currently exploring a possible private capital-raising transaction." From the looks of this transaction, it appears that the company is moving forward with plans to amend or fully agree to a counter proposal presented by key lenders that could give them all of iHeart's equity in Clear Channel Outdoor and a significant stake in iHeart.

For those who questioned whether or not Nielsen Audio would lose out on nearly $6.7 million its owed by Cumulus Media, think again. The nation's dominant audience measurement company and the nation's No. 2 radio broadcasting company by number of stations have just reached a deal on a multi-year extension for radio ratings services.

The individual responsible for creating one of New England's biggest Top 40 radio stations of its era has died just shy of his 92nd birthday. Perry Ury, who spent many years at RKO General before enjoying a 19-year tenure as Chairman and President of the former Chase Broadcasting, passed away Friday at his home in Sarasota, Fla.

There's an Oregon radio signal that not only covers much of Eugene and Springfield, but also Corvallis and Albany, and the state capital of Salem. This station even reaches the coastal communities of Newport and Lincoln City, and on good days comes in just fine from the top of the OHSU Tram in Southwest Portland. It could be yours, for the right price.

There's an AM/FM combo in West Central Iowa that has been singled out for its success, in many ways, by Media Information Bureau columnist Ken Benner. These stations have not only achieved perfect scores in alternative broadcast inspection program (ABIP) inspections, but are also fiscally fit and community leaders. Benner recently asked the stations' owner, Mike Dudding, what his secret of his success has been. Here's what Dudding had to say.

There are new SVP/Market Managers now in place at two Entercom markets in the Southeast U.S. In Orlando, the ex-VP/Director of Sales for CBS Radio takes the role. In a Tennessee market, the role is given to the former GSM of Cox Media Group's Jacksonville cluster.

A silent noncommercial FM station serving the northern portion of the Los Angeles metropolitan area is trading hands. But, it's going to a different owner than who was announced in August 2017. That's the top headline on a soft day for deals in for RBR+TVBR's TRANSACTIONS TODAY.

This week, the state of Maine will get another economic boost from the official ribbon-cutting and grand opening of a 33,000-square foot manufacturing facility in the city of Lewiston. The launch of the new Dielectric facility will also be good news for TV broadcasting companies in the midst of a post-FCC spectrum auction repack process. In an exclusive RBR+TVBR Weekly Tech Roundup interview, Dielectric VP/GM Keith Pelletier shares why there's a need for the new facility, and how Sinclair Broadcast Group ownership has helped Dielectric achieve considerable market share in its space.

Don't think for a minute that David Field isn't the right de-facto leader for bringing renewed vigor to the radio industry. The Entercom President/CEO has given Chief Marketing Officer Ruth Gaviria the green light to a huge initiative designed to get the attention of the very people that can help propel AM and FM stations to new heights: Chief Marketing Officers for the nation's biggest companies.

More than 40 years ago, John Ivey began his radio industry career as an on-air personality and music director at a station in his hometown of Owensboro, Ky. He's starting December 2017 with a promotion to the very top programming post for all of iHeartMedia's Top 40 radio stations.

Cumulus Media shares plummeted during Thursday's trading on the OTC exchange, following the Atlanta-based company's Wednesday evening announcement that it has elected to file for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The filing by the nation's No. 2 radio broadcasting company by number of stations was made in U.S. Bankruptcy Court for the Southern District of New York. 

In the latest update regarding the future of the AM and FM stations in Upstate New York owned by Ted Morgan, a Form 314 filing made today with the FCC lifts the curtain on just who will be the new owners and operators of the only station owned by Morgan that remains on the air. We've got the details.

Shares of Spanish Broadcasting System's publicly traded stock sank by more than 25% on Tuesday, with higher-than-usual volume. Then, as the Closing Bell rang on Wall Street, a huge buy catapulted SBS shares into positive territory. The day-long dip comes following Monday's sale of two Mega TV affiliates in Tampa and Orlando, and a likely change in programming.

Yesterday RBR+TVBR reported on the sale of silent WNBZ-AM to North Country Radio — the Lake Placid-based entity co-owned by Jonathan Becker and Gregory Gallacher — by fiscally impaired broadcaster Ted Morgan. Now, RBR+TVBR has confirmed that the only station owned by Morgan that is actually on the air has been sold, and he's exiting the business. However, little is known about the buyer of the station deal that's just been announced.