Dear Colleague: Support The ‘Local Radio Freedom Act’
A letter is circulating across the U.S. Senate courtesy of two colleagues, one Democrat and the other Republican, urging lawmakers in the Upper Body of Congress to add their names to the list of co-sponsors in support of the NAB-backed "Local Radio Freedom Act." Currently, 27 Senators are co-sponsoring the LRFA.
The InFOCUS Podcast: Townsquare Media’s Q2 ’22
What are the key discussion points for financial analysts covering Townsquare Media? We've condensed the company's Q2 2022 earnings call to focus on queries from Noble Capital Markets and Barrington Research, answered by Townsquare CEO Bill Wilson, and present them to you in this InFOCUS Podcast, presented by dot.FM. LISTEN HERE
Gores Group Completes Its GatesAir Sale
As the 2022 NAB Show began in Las Vegas, France-based Thomson Broadcast signed a definitive agreement to acquire GatesAir from an affiliate of The Gores Group. The transaction was expected to close in the second half of 2022. That's correct. In fact, the deal closed on August 1.
FCC Identifies Tentative Selectees for New NCE FM Stations
The FCC has adopted a Memorandum Opinion and Order considering 27 groups of mutually exclusive (MX) applications for new non-commercial FM station construction permits. As such, the Commission has tentatively selected one application from each MX Group for acceptance and future grant.
SiriusXM Lowered By A Key Media Analyst
SiriusXM released second quarter 2022 results that were "in line" with Pivotal Research Group Principal and Internet/Media/Communications Analyst Jeffrey Wlodarczak's assessment of the nation's satellite radio purveyor. It reiterated its full-year financial guidance while offering "an unsurprising reduction" in its 2022 self-pay net additions forecasts. How did Wlodarczak respond?
Rocking M Puts Properties On The Market With BK Emergence Sought
In late March, Doris and Monte Miller proceeded with a plan designed to ensure the family’s media holdings, which date to the 1880s, continue to generate profit while bringing luster back to a legacy that includes The A.Q. Miller Family School of Journalism and Mass Communications at Kansas State University, named after Monte’s father — Chapter 11 bankruptcy protection. It is now known that those media holdings will substantively shrink in number as the elder Millers seek to emerge from debtor-in-possession status.
Despite Revenue and ‘SOI’ Gains, Impairment Losses Hurt Beasley In Q2
As August began, so did the second quarter earnings season for broadcast media companies, putting all eyes on Beasley. Will the company be the trendsetter for audio content creation and distribution companies for the three-month period ending June 30? Perhaps the hopeful answer is "no."
GBS, NAB Ramp Up Their Opposing Views On ‘ZoneCasting’
The battle between GeoBroadcasting Solutions and the NAB over the permissive use of FM Boosters for program origination — crux to GBS' rollout of ZoneCasting technology — continued on Monday with letters in support of, and in opposition of, the plan presently under consideration at the FCC. Supporting the rule change: None other than a former Commissioner. Speaking against ZoneCasting: A House of Representatives Member who once hosted a syndicated Talk program airing weekends across Oklahoma.
Boldon Wins Key Role For CMG’s Alamo City Cluster
She spent 16 years at Cumulus Media, and some 20 years ago was a regional promotions director for Reprise Records serving Virginia and the Carolinas. Now, this programming and operations veteran has the PD title for two rock-and-roll stations serving San Antonio while taking on the greater role of Operations Manager under VP/GM David Abel.
A Big Christian Radio Brand Expands To Gator Country
In Central Florida, "Z88.3" has long been one of the region's top sources of Christian music. Now, an asset swap is being engineered that will give WPOZ entry into the Gainesville-Ocala market. Oh, and there's a purchase in the works, too.
Alpha Switch Assails ‘ZoneCasting’ Cost, Which GBS Disputes
After a test of the technology at one of its suburban Chicago FMs, Alpha Media declared that "the substantial investment" necessary in ZoneCasting's deployment may be impossible to swallow for those who could best benefit from it. GeoBroadcast Solutions, the company behind ZoneCasting, disputes Alpha Media's cost analysis.
What Will Q2 Look Like For Salem?
Salem Media Group plans to report its second quarter 2022 financial results after U.S. financial markets close on August 4. What can investors expect to hear from the company growing its podcast division and building out an OTT-delivered video news channel?
At iHeartMedia, A Market President Change in Portland, Ore.
He is a veteran of the Portland, Ore., radio market, and has been associated with iHeartMedia and its predecessor companies for a quarter century. Now, this individual who started out as an account executive in 1997 has risen to the top for the company's stations in the Rose City.
The InFOCUS Podcast: Alex Quintero
Alex Quintero is busy this week leading the launch of the all-new Radio Resources, described by parent company Gen Media Partners as “a tool kit for radio broadcasters that’s tailored for small and medium-market owners and operators." To find out more about this just-launched venture, we welcome Alex, who serves as Radio Resources' Director of Products and Services, to the InFOCUS Podcast, presented by dot.FM. LISTEN HERE
A New San Diego Market Leader Is Selected by iHeartMedia
She's a University of San Diego alum and has been with iHeartMedia and its predecessors for nearly three decades. Now, the Sr. VP of Sales for its stations in San Diego and Riverside-San Bernardino is getting a promotion. Effective July 31, she'll be the Market President for iHeartMedia San Diego. What does this mean for Melissa Forrest?