Radio News

Shares of Corus Entertainment Inc. stock tumbled by 12.4% on Tuesday after the owner of broadcast media stations across Canada announced Friday that it has completed an agreement to amend its March 2022 "Sixth Amended and Restated Credit Agreement" with its bank group, led by RBC Capital Markets and TD Securities.

The latest Media Monitors Spot Ten Radio report shows that the auto insurance category, once a ferocious one for AM and FM radio in the U.S., has evolved with respect to the multiple advertisers that relied on Spot Radio to help grow their brands. Absent this week is GEICO. Meanwhile, the home of Flo and Jamie is the big No. 1 by fully paid spots.

The fourth quarter and full-year earnings from audio content creation and distribution company Cumulus Media, parent of national radio entity Westwood One, are being made public as the sun rises on Thursday. An 8:30am Eastern earnings call hosted by CEO Mary Berner is on the calendar. What's the forecasts from analysts?

It is the only radio station directly serving Genesee County, N.Y., between Buffalo and Rochester, offering news, weather, local sports, obituaries, "radio auctions" and on-air hosts based in the community. Soon, the AM with two FM translators will come under new ownership, pending FCC approval.

It has a rich history of providing news, music, and sports from Quincy, Ill., for nearly 70 years. It debuted on January 1, 1948. Today, it is at 1440 kHz and is licensed as a Class B AM with 5kw during daylight hours and 1kw at night. On March 1, the station will sign off the air. Its programming will supplant the content presently heard on its younger FM sibling, which will say farewell to the News/Talk format.

An 11am Eastern earnings call was held on Thursday morning, with CEO Caroline Beasley and CFO Marie Tedesco discussing the results. Were the company's results in line with estimates provided by the two Wall Street analysts tracking Beasley?

Since 2014, she has held the role of VP/Market Manager for Cumulus Media's five radio stations serving Pennsylvania's Lehigh Valley. Now, she's expanding her duties to become Regional VP/Market Manager, adding duties for the company's Scranton-Wilkes Barre stations to her oversight of the Allentown-Easton-Bethlehem market.

She's been associated with two FM radio stations serving Greenville-Spartanburg and nearby Anderson, S.C., for some 15 years. Now, this longtime sales leader has been named Market President for those properties and their two HD multicast offerings.

As of March 1, a pair venerable AMs serving Las Vegas, today owned by Audacy Corp., will go dark. Why? A valuable land sale that will result in the dismantling of their towers, with no new home, is the reason.

Audacy Corp. has teamed with Veritonic in conducting a study designed to how to make commercials "most effective," whether they be on broadcast or on-demand channels. What was the study's biggest finding? There are four key features maximize intent to purchase, recall, and brand favorability.

In August 2021, Family Life Ministries executed a sale agreement with Montrose Broadcasting Corp. that saw the latter entity pay $50,000 for what is today WPGO-AM 820 in Horseheads, N.Y. Now, Montrose is picking up an FM signal to go along with formidable AM serving the Twin Tiers of New York and Pennsylvania.

Leading up to the "Big Game," one big online wagering platform, today the owner of VSiN, opted to ramp up its spot radio activity in the hopes that those wishing to bet on the game would use its app, rather than any other choice. Don't tell that to one New York Congressman that wants to ban such advertising activity.

While simulcasts of full-power AM News/Talk stations on full-power FM stations are commonplace in the U.S., it's not in Canada. And, the nation's equivalent of the FCC hasn't taken too kindly to the plan from owner Corus Entertainment to abandon Q107 in favor of a "QR" simulcast in Calgary.

In early June, "the meeting point for Radio, Podcast and Audio" will be a two-day affair tied to the Canadian Music Week (CMW) Music Week three-day summit — an event that will see representatives from the CBC joined by Corus, iHeartMedia partner Bell Media, Rogers Sports & Media, Stingray and tastemaker CIND "Indie 88" at the Westin Harbour Castle in downtown Toronto. But, will U.S. radio leaders be keeping an eye on Radiodays North America?

It is a Class B AM serving Mississippi's state capital with Premiere Networks' signature daytime talk programs and FOX Sports Radio. Soon, this iHeartMedia property will gain an FM translator, giving it a bit of "revitalization." It's thanks to a deal involving the owner of the market's purveyor of "Stimulating Talk."