Sirius XM Sends Stern To Inaugurate SoBe Studios
Automotive sales have yet to fully recover from the pandemic. Audio consumers are becoming more frugal. Despite the headwinds, Sirius XM is sailing to South Beach with a big splash, and Howard Stern is a big part of the launch of new studios steps away from the Miami party scene.
Twelve Years Later, SBS Returns To Houston, But In Radio
On May 2, 2011, Spanish Broadcasting System entered into a definitive agreement to acquire a broadcast station serving the Houston market for $16 million.
However, that transaction brought SBS a TV station — not a radio station, which SBS agreed to purchase late Thursday.
April Sours: Cumulus Stock Seeks a Needed Recovery
With Friday's trading on the Nasdaq market concluded, Cumulus Media shares were off 7.6% from Thursday, dipping to $3.88. While that's slightly better than where shares were 2 1/2 weeks ago for the audio content creation and distribution company, analysts paint a bearish mid-term and long-term picture for Cumulus.
A. Wray Fitch Converts LMA To Buy For Marks-Owned FM
Steve Marks’ passing led Wilkinson Barker Knauer attorney David Oxenford to transfer control of a Country FM with some “WOW” factor to Marks’ widow, Mary. Now, She's agreed to sell the facility to its Leased Management Agreement partner since 2017.
Flood Files For FCC Approval of DJ Duo Purchase
He's seeking to serve the First Congressional District of Nebraska in the U.S. House of Representatives and is widely known by "Local Power TV" advocates and by those across the radio broadcasting industry. Mike Flood is now making headlines for his media company's latest acquisition, which involves two FM stations serving two different Nebraska cities.
Norsan Adds A Fourth Property To First Coast Radio Stable
Norsan Media is acquiring an AM and a pair of FM translators in Jacksonville, Fla., from a religious broadcast entity. Could these be used to bring better coverage to the market of a Latin Adult Contemporary presentation presently on WYKB-FM HD2?
Pete Buttigieg Talks Officially About AM Radio’s In-Car Fate
Secretary of Transportation Pete Buttigieg is finally speaking out on the subject of protecting AM radio in EVs. Buttigieg was asked about how the Department of Transportation is responding to automakers removing the band by Washington Watch. He responded, but with little to offer on the matter.
As NAB Show Concludes, Broadcasters Foundation Honors Leaders
With the 2023 NAB Show's meetings and panel discussions now concluded, broadcast media leaders gathered at the Wynn Las Vegas to salute six recipients of the Broadcasters Foundation of America Leadership Awards and celebrate this year's Excellence in Broadcasting Award and Chairman's Award honorees.
Beasley Prepares For Q1 Results Reveal
In one week, Beasley Broadcast Group will report its first quarter earnings for 2023. CEO Caroline Beasley and CFO Marie Tedesco at 11am next Wednesday will host an earnings call for analysts and shareholders to review the results, as they normally do. But, could this be a pivotal fiscal health check?
FCC Reverses Tentative Selectee Of A NCE ‘MX’ Group
It is a small Southeast Georgia city closer to Jacksonville than Atlanta. And, it is home to a religious entity that had been the tentative selectee in NCE MX Group 63. A Petition to Deny was filed. Guess what? It was given an affirmative nod by the Audio Division of the FCC's Media Bureau, giving a victory to noted attorney Frank Montero.
On May 2, Radio’s No. 1 Station Owner Releases its Q1 Numbers
It's a pre-market earnings call for iHeartMedia this time around, a change of pace from the post-market calls seen on a Thursday afternoon led by CEO Bob Pittman and CFO/COO Richard Bressler of late.
With Former VP’s Help, WABC Owner Fights For AM Radio
For $12.5 million, John Catsimatidis and his Red Apple Media completed its purchase of WABC-AM 770 in New York, a deal first announced in June 2019. Now, Catsimatidis is seeking to protect his investment from obsolescence by taking a front seat on the "Save AM Radio" bandwagon.
Can Listening Rituals Improve Purchase Intent As a Daily Routine Pal?
Participants in a study conducted by MAGNA’s Media Trials unit and Audacy state that the stronger the match between advertisement and content, the better the outcome for KPIs like brand favorability and purchase intent.
Pew On Podcasts: ‘A Source of News and Information’
The first part of a new Pew Research Center study finds that about half of U.S. adults say they have listened to a podcast in the past year, including one-in-five who report listening to podcasts at least a few times a week.
Tavis Smiley Converts LMA of KBLA To AM Buy
In November 2020, Tavis Smiley agreed to acquire an AM radio station in Los Angeles and use it to provide spoken word programming superserving African Americans to the Southland. But, an asset purchase agreement never surfaced — until today.