Profit Takers Trigger Circuit Breakers For Urban One Shares
With Urban One stock exploding in value on Thursday, it was only natural that some investors may want to cash out and enjoy a handsome profit. That's exactly what transpired on Friday, as UONE went on a wild ride that saw shares jump and quickly recede, leading to a 13% dip for the day.
EMF Acquires An Air1 Affiliate
Educational Media Foundation is moving forward with the acquisition of another FM radio station, adding to a group of properties that makes the Christian Contemporary Music giant the second-largest licensee of radio stations in the U.S. Only, this deal is hardly a surprise. It's purchase an affiliate of its Worship Music noncommercial network.
Bell, With iHeart Boost, Rings In Another National Brand In Canada
Another national brand has emerged for Bell Media in Canada, which is part of the iHeartRadio platform in use across the country. It follows the arrival in late December of "Move Radio" as an Adult Contemporary brand. This time, Bell is taking a cue from Toronto's "Boom" -- and the U.K.'s Absolute Radio, perhaps.
The InFOCUS Podcast: Jon Yinger
Is it our imagination, or have broadcast ministries taken advantage of the pandemic by going on a FM buying binge? Jon Yinger, President and CEO of The Christian Broadcasting System and Broadcast Properties LLC, shares his perspective in this InFOCUS Podcast, presented by dot.FM. LISTEN HERE
A Quick Board Member Change As Townsquare Shares Shine
Why did Townsquare Media, with a stock price that is at its highest price in nearly six years, reveal in a SEC filing that one of its board members on Friday -- one who chairs the Compensation Committee -- resigned? The explanation is a simple one.
NAB Show’s Vegas Affair Affirmed With Cannon Commitment
With his syndicated morning show back on Power 106 and Debmar-Mercury gearing up a fall 2021 delayed debut of his TV show, Nick Cannon is ready for a big decade ahead. On October 9 and 10, he'll be a key figure at the live-and-in person NAB Show in Las Vegas — another sign that the media industry's biggest annual gathering remains a go.
Radio Mercury Awards Announces Call for Entry Date
Robin Fitzgerald, chief creative officer at BBDO Atlanta, will return as the 2021 Chief Judge after serving in the same role in 2020.
An EMF Divestment That’s On ‘PAR’
Educational Media Foundation is primarily known as a buyer. Thus, it is rare when the owner of the KLOVE and Air1 Christian music networks decides to part ways with a property. That's just happened, in West Virginia.
A ‘Big’ Donation In Ohio’s Miami Valley
The final FM properties placed in the Aloha Station Trust that's administered by former Backyard Broadcasting head Barry Drake are being removed from the trust. However, they're not being sold. Rather, these "Big" Dayton-market properties are being donated. Who's getting WRZX-FM & WYDB-FM?
From the Mailbag: A Popular SUV’s Lack Of In-Dash Bang
Today we take a dip into the RBR+TVBR Mailbag, which includes a letter that was worth sharing with our readers. The topic: the lack of presets on a brand-new Sport Utility Vehicle's snazzy OEM in-dash entertainment system. According to this industry CEO, it's a problem. Is this leader overreacting?
The Latest LRFA Resolution Gains House Support
The Local Radio Freedom Act (LRFA), which signals members of Congress's opposition to any potential legislation that imposes new performance royalties on broadcast radio stations for music airplay, now has 112 co-sponsors in the House and 14 in the Senate.
Behind The Entity That Wants More Interest in iHeart
From "Friday Night '50s" to Classical music, 1990s club classics, Alternative rock or chat shows on top topics of the day, consumption to one of eight radio brands means you're supporting a British audio media giant that wants a greater stake in iHeartMedia. Here's a close-up look at how Global grew to a major U.K. AM, FM and digital player.
ViacomCBS’s ‘Audio Footprint’ Scaled At IAB Podcast Upfront
The last time ViacomCBS had anything to do with audio, CBS Radio was a part of CBS Corporation, and a reunification of CBS and Viacom hadn't yet been consummated.
Guess what? ViacomCBS is talking audio. Only, the discussion is fully focused on podcasts. And, iHeartMedia is involved.
With a Strong Q2 Finish, TSQ Rides High
Of all of the audio media companies to report its quarterly earnings results, one sticks out for its bold decision to dare to compare its Q1 2021 results to that of Q1 2019. That would be Townsquare Media, where digital ad prowess is now propelling its stock in noteworthy ways.
New Wall Street Weakness For Salem
All seems great for Salem Media Group. Yet, the company's stock price is now two months into a decline that has put a firm break on a big Wall Street recovery.