Beasley Forges A Debt Refinancing Plan Ahead Of 2028 Due Date
With the company's fourth quarter and full-year 2025 earnings report still awaiting release, Beasley Media Group on Friday confirmed that it has entered into a "Transaction Support Agreement" with the holders of its first and second lien notes due in two years that would trigger an exchange offer.
After Nearly A Century, CBS News Radio To Close
The Radio + Television Business Report has independently confirmed that CBS News Radio will be winding down its operations over the next several weeks. The news was shared via an internal memo from CBS News editor-in-chief Bari Weiss and president Tom Cibrowski.
Quass Signs Off On Another NRG Asset Sale
In early February, Mary Quass-led NRG Media shared it is exiting the Omaha-Council Bluffs radio market after more than two decades. Now, broker of record Kalil & Co. has shared the news that NRG Media is agreeing to sell a collection of Wisconsin properties to the privately held operation led by Peter Tanz.
DOJ Passes On Formal Review in iHeartMedia/Global Stake Query
The U.S. Department of Justice has told the FCC it sees no need to formally review iHeartMedia's latest foreign ownership application, clearing a significant regulatory hurdle for the company's proposed ownership restructuring tied to UK radio giant Global and the Tabor family.
Soros Fund Still Seeks to Strike ‘Vague’ Warshaw Contract Claim
Even after he detailed a handshake deal, 107 phone calls, and a dinner, Soros Fund Management says Connoisseur Media CEO Jeff Warshaw's claims of a contract are still too vague to enforce and wants his case seeking 5% of profits from its Audacy acquisition dismissed.
AURN Teams With AdGrid For Multicultural Marketer Push
The Black-owned radio network led by Chesley Maddox-Dorsey, has forged a strategic partnership with advertising technology platform AdGrid to launch a new initiative designed to help brands reach and engage multicultural audiences across today’s digital media landscape.
How America Listens, According to Nielsen Audio
The latest Audio Today report from Nielsen has been released. And, to little surprise, the nation's dominant audience measurement source for Radio says the findings underscore industry's position "as a powerhouse for reach and ROI." But will advertisers and CMOs listen and respond?
Audacy To Bring MaxxCasting To Two Gotham FMs
It was first brought to RBR+TVBR's attention last week in a conversation with the President and Vice President of partner SCMS. Now, GeoBroadcast Solutions (GBS) has formally disclosed its plans to bring Audacy improved FM reception for two of its FM radio stations serving the New York Tri-State area.
JVC Gets Another Stab At Selling Fla. FM
In July 2023, RBR+TVBR first reported on the sale of a Class C3 FM licensed to High Springs, Fla., that today airs a "Hot Talk" format targeting men between Gainesville and western portions of Jacksonville. It is now known that the announced sale has not transpired.
SBS Forbearance Deal Comes With ‘Constructive Discussions’ With Debtholders
On March 1, SBS reached an important deadline — one it didn't expect to make. That's when the company founded and led by Raúl Alarcón Jr. was to repay its 9.75% Senior Secured Notes. It did not. The company now has a little more time to figure out what to do, with lenders saying OK to the extra time.
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Adams To Lead Lotus’ Trio Of Seattle Audio Brands
A trio of radio brands formerly owned by Fisher Broadcasting and sold to Lotus Seattle Corporation by Sinclair Inc. has a new General Manager. At the same time, the Lotus Communications arm has selected a new Director of Operations & Brand Management.
An iHeart FM Ready To Cheer ‘¡Viva La Revolución!’
The HeartMedia-owned Spanish-language radio station serving Boston has reached a play-by-play agreement with the region's Major League Soccer team. Coverage begins Sunday (3/15) and will continue across the 2026 season for the New England Revolution.
Has Cumulus’ Bankruptcy Killed Its Nielsen Antitrust Case?
Lenders taking control of Cumulus will ultimately decide whether and how aggressively to pursue the case once the stay lifts, a decision that will fall to an entirely new board. Every current Cumulus director is deemed to have resigned upon the plan’s effective date, as the broadcaster goes private.
Price Revealed In Red Wolf’s Hall Deal
On Wednesday, RBR+TVBR first reported on the sale of two Southern New England radio brands by Hall Communications to a new subsidiary of Connecticut-based radio station owner Red Wolf Broadcasting Corp. Today, details regarding the transaction, including the price, became known.
A Bigger Net Loss For Urban One
The nation’s largest media company superserving African Americans saw its net revenue shrink by nearly $20 million during the final three months of 2024, as its net loss widened due to across-the-board revenue dips — including a 7.4% decline in digital advertising.