FCC Rescinds License Grant, Killing A FM Translator
Gulfport, Miss., is the home of an FM translator its licensee hoped would serve this coastal city along the Gulf of Mexico. There's just one issue — the facility was built, it seems, outside the parameters of what the licensee was authorized to do. As such, Audio Division Chief Al Shuldiner has rescinded the grant for the FM translator, which sought more time to remain silent as it figured out what to do to get on the air permanently.
Media Monitors: Casino Advertisers Place Bets on Radio
The casino hotel and resort business is on a hot streak and the industry’s top advertisers are doubling down and placing their bets on radio to attract visitors. That's the winning conclusion of a new Media Monitors analysis released Wednesday.
A Path Forward For Hispanic Radio, As The Leaders See It
Join the conversation at the Hispanic Radio Conference as our expert panelists discuss what is on their minds as we emerge from a global pandemic. Moderated by Jay Meyers, President/CEO of Broadcast Management & Technology, Hispanic radio leaders on this panel include Tom Castro, Board Member/Advisor for the newly formed Latino Media Network; Otto Padron, President/CEO of Meruelo Media; and Albert Rodriguez, President/COO at SBS.
Broadcast Media’s Dollar Drivers: Our Summer 2022 Spotlight
It's one of the Radio + Television Business Report's most anticipated Special Reports of the calendar year, and it is now available via instant download. The Summer 2022 RBR+TVBR is here, and it's full of exclusive insight and observations.
The Summer 2022 RBR+TVBR Special Report is also the only place you'll find our Broadcast Best Finance Leaders rankings.
Seven Mountains Secures a Scranton FM Translator
Earlier this year, a "Bigfoot" was spotted across Scranton and Wilkes Barre, as Seven Mountains Media grew its Country radio brand across Northeastern Pennsylvania's biggest burghs. Now, WARM-AM and WLGD-FM 107.7 are getting a sibling, thanks to a deal with an individual whose also worked with them in the Twin Tiers region.
Punjabi Picked As iHeart/S.F. Market President
In July 2020, a 14-year Cox Media Group veteran who five years earlier was promoted to General Sales Manager for its Miami-Fort Lauderdale stations joined iHeartMedia. He moved to Charleston, S.C., taking on the role of Market President. Now, this veteran radio industry sales and operations pro is heading to the land of Giants, Warriors and 49ers to lead iHeart's five FM and one AM radio station serving the San Francisco-Oakland-San Jose region.
Progressive: ‘Hamm’-ing It Up With New Spots
What's the buzz surrounding Progressive? The ultra-competitive auto insurance category has seen diminished activity of late from Allstate and GEICO, as Liberty Mutual Insurance is spending much on TV of late. Progressive has responded — in a big way. In fact, it has introduced an "old flame" to veteran spokesperson "Flo" to consumers. It is none other than the actor who helped made "Mad Men" a superhit for AMC.
Analyst Slams Spotify For Subpar Operations
"Spotify is clearly the leader in the podcast space." That's the opinion of John Freeman, VP of Equity Research at Rockville, Md.-based CFRA Research. While that's one positive for the audio-on-demand giant, Freeman has a bigger and perhaps more alarming observation regarding Spotify.
Final Results From ‘Modified Dutch Auction’ Come From Cumulus
It expired at midnight ET on June 3. Now, Cumulus Media has revealed the final results of its "modified Dutch auction" tender offer — something the audio content creation and distribution company calls "an initial step" in the execution of its $50 million share repurchase program.
FCB Takes Best In Show At 2022 RMAs
A Go RVing radio commercial from FCB Chicago is being celebrated with Best of Show honors, taking the award Thursday night at the 31st annual Radio Mercury Awards presentation.
The InFOCUS Podcast: Dave Schutz
The subject of ZoneCasting, a hyperlocalization tool from GeoBroadcast Solutions that could gain FCC approval, has proven to be a controversial one. The NAB is fighting its approval by the Commission. On the other side are the MMTC and NABOB. The support by NABOB of ZoneCasting surprises media asset valuation specialist Dave Schutz, and he shares his thoughts exclusively in the latest InFOCUS Podcast, presented by dot.FM. LISTEN HERE
Cumulus Extends Its ABL. Mary Berner Explained Why
An indirect wholly owned subsidiary of Cumulus Media has amended its existing $100 million revolving credit facility by extending its maturity by two years. Here's the good news: As of Wednesday, there were no amounts outstanding under the facility.
Dallas City Council Unanimously Saves WRR’s Classical Format
Until Wednesday morning, there was considerable doubt that an agreement could be reached that would all but retain the long-running Classical programming of WRR-FM in Dallas. Fears of the station's sale, and possible format change, have now been erased in decisive fashion.
MPR Gets A Big Gift From An Anonymous Source
Minnesota Public Radio has received the largest charitable contribution in the noncommercial broadcast organization’s 55-year history. Only, who is it from?
A Fifth NPRM Emerges For ‘Franken FM’ Rule Change
Officially, it is an amendment of "Parts 73 and 74 of the Commission’s Rules to Establish Rules for Digital Low Power Television and Television Translator Stations." In plain terms, it's a proposal that would allow the operation of analog FM radio services by Channel 6 digital low-power television stations. The Commission has been considering the idea since 2014. Now, it's seeking comments once again in a fifth Notice of Proposed Rulemaking on the matter.