Re-Evaluating Media for Recovery: Radio’s U.K. Rebound
"Radio is one of the best performing media to help brands recover from a recession." Really? For broadcasters across Great Britain, that seems to be the case, new research from Ebiquity indicates. What learning lessons are there for U.S. radio broadcasting companies that can't seem to propel themselves out of the COVID-19 bog?
ETM: Eight Weeks Of Strong Wall Street Gains
On December 21, 2020, Entercom Communications stock sat at $2.13, ending a push to $3 that stalled out earlier in the month. Some believed this would signal a return to sub-$2 trading, seen from mid-June through October 2020. The exact opposite happened. Entercom shares are up 194% since just two months ago.
Brown Back In The Top Slot at iHeartMedia/Norfolk
The Region President for iHeartMedia's St. Louis; Des Moines; Cedar Rapids-Iowa City; Quad Cities; and Springfield, Mo. radio stations and associated digital assets is packing up and returning to Virginia's Tidewater region.
Acast Agrees To Purchase RadioPublic
The Acast team tells Podcast Business Journal it should be business as usual for podcasters that use RadioPublic to host their podcasts. RadioPublic co-founders Chris Quamme Rhoden (CTO) and Matt MacDonald (Chief Product Officer) will join the Acast team.
The InFOCUS Podcast: Scott Simonelli
With a $230 million price tag, iHeartMedia clearly sees the value in Triton Digital, which it is purchasing from The E.W. Scripps Co. Veritonic is just one company that has marketing intelligence tools wrapped around digital audio marketing. In this podcast, presented by DOT.fm, Veritonic founder and CEO Scott Simonelli shares his thoughts on the impact of this transaction. LISTEN HERE
SBS Settles Series B Stock Litigation As Recap Effort Concludes
Publicly traded Hispanic-centric multimedia company Spanish Broadcasting System (SBS) has completed its recapitalization effort and has closed its previously announced offering of notes due 2026. But, here's the big news: That Delaware Chancery Court matter regarding its Series B Preferred Stock is over.
Update: Local Voice, Silenced By The FCC, Gets License Back
On July 28, 2019, a 27-watt low-power FM radio station "proudly returned live morning radio" to a small city some 50 miles to the north of Columbus, Ohio. That tiny voice of Marion, Ohio was ordered by the FCC to cease broadcasting. It now appears that directive is a result of pandemic-related communications flaws.
TuneIn Expands Its Executive Leadership Team
While the nation's leading radio broadcasting companies have shunned it, TuneIn remains one of the leading live streaming and on-demand audio platforms on a global level. As such, it is ramping up its C-Suite with the appointment of a Chief Technology Officer, a Chief Revenue Officer and Chief Product Officer -- among other changes.
Entercom Adds UWG Head To Its Board of Directors
She currently serves as the Chair and Chief Executive Officer of UWG, a multicultural advertising and marketing agency. Now, she's also a member of Entercom's Board of Directors, expanding it to 11 directors.
Ex-‘Live 105’ Personality’s New Anthem: Here Comes the Flood
Many know him for his long tenure at KITS-FM in San Francisco, the Alternative station formerly known as "Live 105" and today called "ALT 105.3." But, few may have realized that he is also the co-founder of one of the nation’s most influential indie music club nights. Now, Aaron Axelsen is leveraging his role in the creation of Popscene by joining FLOOD Media.
The InFOCUS Podcast: Jonathan Little
In our special Presidents’ Day edition of the RBR+TVBR Daily Headlines E-mail, listeners first learned of a big transition at online music research pioneer TroyResearch. Jonathan Little, the longtime VP of Sales and Client Services, joins us to share more about those changes in this new InFOCUS Podcast, presented by DOT.fm. LISTEN HERE
An LMA-to-Buy Option Is Exercised In AZ
On January 16, 2018, an Arizona radio broadcaster headed by Jason Zinzilieta and Janice Derks reached a LMA agreement with an entity led by the COO of member-manager Farmworker Educational Radio Network. Now, Zinzilieta and Derks have struck a deal to partially convert the lease to a purchase.
What’s Fueling Salem’s Wall Street Surge?
On November 4, Salem Media Group stock sat at 84 cents per share. As 2020 ended, the company's shares finished December 2020 at $1.04. Since then, SALM has been on the rise. Then came February 8. In the last seven days, Salem shares are up by 70% in value.
On Family Day Holiday, Bell Media Concludes Work Family Cull
Bell Media last week received much attention across Canada for a substantial reduction in force at its heritage Anglophone News/Talk AM in Montréal following major shifts at its Windsor operations that reach Detroit listeners. Now, a staff memo from the company's president has emerged, indicating that a cull of Bell's employee roll has ceased. CTV was also impacted.
A Small-Market Owner Takes Aim At Syndicator, Network Flubs
Stonecom Radio owner Larry Stone came to Tennessee in 1997 to build a new radio station group serving the Upper Cumberland region of Tennessee from the ground up. Now, he's frustrated and has something to say about the state of the industry. In short, Stone laments, "We are a crisis point in radio." Why? He points to syndication company frustrations of late.