Radio News

While Cumulus Media deserves credit for doubling its stock price in seven months' time, an audio industry peer is also in need of some more spotlights, as it, too, has seen its stock recover nicely since the end of October. That company is Townsquare Media.

On November 2, Cumulus shares were just over $5 per share. In mid-afternoon trading on Tuesday, CMLS was trading at double that value -- making the audio media company led by Mary Berner one of the hottest publicly traded broadcasting companies on Wall Street.

Normally, Daniel Jones and his Crude Value Insights focuses on oil and gas companies. Yet, he's offered an in-depth assessment of Entercom's fiscal health and has a conclusion with respect to its worthiness as an investment opportunity for those who play the stock market. His conclusion? "There are better prospects out there."

On Thursday and again on December 14, key C-Suite leaders from the California media company committed to Christian values -- and conservative Talk radio personalities -- will be stating its case to institutional investors at influential virtual conferences for the Wall Street community.

On August 1, 2018, a Class B AM with 10kw during daylight hours and 5kw at night fell silent. It was once a Davidson Media station offering Spanish-language programming, and its past includes ownership by Truth Broadcasting and Jefferson-Pilot Communications. Now, this forlorn station serving the Triad region of North Carolina is getting a new lease on life.

Don McCoy has been a colorful owner of broadcast radio stations and in the early 2000s entered Los Angeles with the purchase of KDAY-FM 93.5, now a part of Meruelo Media.  Today, his focus is Panama City Beach, Fla., where his properties include heritage Top 40 station and an FM talker. They've just run afoul of FCC rules, and a consent decree has been signed.

Two FMs serving the Minneapolis-St. Paul market with Alternative and Hip-Hop, respectively, are being sold by Northern Lights Broadcasting parent The Pohlad Companies to Educational Media Foundation. On Friday, the value of the transaction became known.

He's been a member of the Board of Directors of the country's preeminent media company superserving Black consumers since 2001. Yet, on November 30, D. Geoffrey Armstrong stepped down from the board, effective immediately. Why?

Add Dallas-Fort Worth to the markets where iHeartMedia is investing in AM radio stations, albeit with FM translators, to solidify owned-and-operated homes for its recently launched Black Information Network (BIN). The company has filed paperwork that sees the nation's largest licensee purchasing properties with a rich Black heritage in North Texas.

With the late 2019 sale of a parcel of land housing the broadcast towers of two AM radio stations owned by Beasley Media Group, the company took the facilities silent. It was assumed that they'd be left for dead, but that turns out to be incorrect. One of the silent facilities and its FM translator have just been spun.

A pair of FMs serving the Minneapolis-St. Paul market with Alternative and Hip-Hop, respectively, are being sold. The buyer? Chalk up another purchase for Educational Media Foundation, the No. 2 licensee of stations behind only iHeartMedia.

It was adopted by the FCC on November 20. However, it was released today, and representatives of Black-owned broadcasters are cheering. So is GeoBroadcast Solutions. That's because the Commission is now seeking comments to proceed with a Notice of Proposed Rulemaking to enable FM booster geo-targeting capabilities.

Better late than never. Nearly three weeks after most broadcast media companies released their respective third quarter 2020 earnings reports, Miami-based Spanish Broadcasting System (SBS) posted a brief numbers-filled P&L statement on its corporate website late Monday. How did SBS do? Sequential growth is the story, just as it is for other radio station owners. 

Will 2021 provide some light to the end of the pandemic? Will the Biden Administration change the landscape for the media business, especially radio? What might be on the horizon for radio as an investment? If the Forecast 2020 annual investment panel gave you pause for thoughtful consideration, this year's will have you pondering the future in overdrive.

With 1kw from 1 tower in Southwest Denver, an AM branded as Mile High Sports has served as the home for Colorado State Rams athletics and for the recently launched Bet R Network. Now, Mile High Sports' over-the-air coverage is in question, as the AM and the FM translator it has used for the past five years have been sold to separate buyers.