Radio News

Two individuals who share ownership of an Alternative Rock FM serving Grand Junction, Colo., have been sued by a group of music rightsholders for nonpayment of royalties associated with tracks it played — despite warnings to cease doing so until it paid up.

According to Streamline Publishing's Radio Ink, which obtained an internal memo, the leader told colleagues on Friday that he is relocating to the Baltimore area to spend more time with his family. With his last day July 14, who his successor will be is now the question CBS News Radio must answer.

"In an effort to maximize the ministry impact of both organizations," Radio By Grace has entered into a letter of intent to donate five radio signals to another broadcast ministry, one that is headquartered in Wilsonville, Ore.

Net income for the quarter was $856,000, down from $5.3 million in the previous year. The company’s overall operating income for the quarter decreased to approximately $14.3 million from $20.3 million in 2021, However, broadcast and digital operating income increased by 7.9%.

Following the decision by Audacy Inc.'s executive leadership team to engage in a 1-for-30 reverse stock split, the audio content creation and distribution company's ticker symbol changed for a third time since the change in nomenclature from Entercom transpired. Introducing "AUDAD."

Are there new trends in the media transactions world that deserve our attention? Is the TV marketplace seeing the same activity as Radio? Patrick Communications Managing Partner Greg Guy shares his thoughts in this 10-minute audio report, presented by dot.FM. LISTEN HERE

Townsquare Media has suffered what is being described as a minor ransomware cyberattack. However, it is the second time that the local media company that owns radio stations and offers digital media opportunities has been targeted.

Matthew W. Lightner in recent years has been an acquisitor of radio stations across Pennsylvania. The deals he's struck include AMs and FMs serving Altoona; WPHB-AM in Phillipsburg, Pa.; and a March 2023 asset trade with Jim Loftus. Now, Lightner is agreeing to purchase an AM with an FM translator serving Johnstown, Pa.

RBR+TVBR has confirmed that the Chief Executive Officer of Gemini XIII, a former Chief Executive Officer of radio network Dial Global, has agreed to acquire the radio network co-founded by Nick Verbitsky and the late Dick Clark.

The home improvement retailer remains one of the most resilient when it comes to broadcast media advertising. And, for the week ending July 2, that couldn't have been clearer. Two of the top four slots, by spot play count, are taken by the category's twin towers.

Attorneys general from 16 states have written to the Electric Drive Transportation Association and the Zero Emission Transportation Association expressing "great concern regarding the decision of many of your members to eliminate AM radios in electric cars."

It's the end of an era in Westchester County, N.Y., as the descendants of the late Bill O'Shaughnessy, who died in May 2022 at the age of 84, have agreed to sell the Class A FM licensed to New Rochelle that's served as a home for diverse, multicultural programming.

A Class D daytime-only AM radio station serving a South Carolina city between Spartanburg and Gastonia, N.C., could see its license revoked. Why? It hasn't paid its full FCC regulatory fees for more than a decade.

An FM translator licensed to Seaford, De., like all other FM translators, is limited in its total watts of power. But that didn't stop the licensee from cranking up the wattage. Now, the FCC has stepped in with a warning to cease ... or pay up.

As July 1 began, a media broker presently in Saratoga Springs, N.Y., for the summer shared the news that Educational Media Foundation is growing again. Where? In the Sunshine State, where this veteran broker is based when the weather in the Adirondacks gets cooler.