FM Radio’s Resilience Integral To iHeart’s Ownership Views
iHeart is taking a definitive stance on a NAB plan to greatly weaken the Commission's ownership rules -- an opinion many radio broadcasting companies will be talking about for weeks to go. The strength of FM radio is crux to the company's argument.
Why iHeart Sees DOJ As Rule Change Master
In a 41-page filing made in response to the FCC's call for comments in its 2018 Quadrennial review of its media rules, iHeartMedia explains that its support for defining the market as broadcast radio, as the FCC has "repeatedly concluded" in prior reviews, is buttressed by DOJ's approach.
Powell Formally Bids Adieu To Florida Panhandle
Four FMs owned by Baton Rouge-based Powell Broadcasting Company were thrown off the air by Hurricane Michael. Faced with rebuilding the station’s facilities or abandoning them, Powell elected the latter. The sale of three of those stations via a deal with broker Kalil & Co. is now complete.
Cumulus Starts NYC-Area Wind-Down With WFAS’s End
For nearly five years, a hyperlocal AC serving Westchester County, N.Y. owned by Cumulus Media has used a 250-watt translator to continue what had been offered for many years on a Class A that's home now to an Urban station. Today, it has ceased operations.
Combo Sale, Brokered By Patrick, Officially Closes In Michigan
One of the first deals filed with the FCC in 2019 saw the purchase of an AM/FM combo in one of the more picturesque locales in Michigan. Now, this deal that saw Patrick Communications serve as the broker of record has just closed.
What’s Dragging Townsquare Media Stock?
One of the nation's biggest owners of radio stations in small and mid-sized markets just can't seem to ignite its stock on Wall Street. Townsquare Media shares were off by more than 5% on Wednesday, a move that only exacerbates lack of movement for the company led by CEO Bill Wilson.
Got Royalty Payments? Here’s ASCAP’s 2018 Revenue Total
So, how much did the American Society of Composers, Authors and Publishers (ASCAP) see in revenue in 2018? The total is in the billions of dollars, thanks in part to a sharp rise in audio streaming revenue.
May Day For Marconi Nominations
The NAB is now accepting nominations for the 2019 NAB Marconi Radio Awards, and will accept all suggestions through the end of May. The Marconi Radio Awards recognize stations and individuals for their excellence and performance in radio.
Alpha No Longer Plays In Peoria
In early February, Peoria, Ill., was added to the list of locales a company founded by Larry Wilson is vacating. The transaction, which involves two AMs and four FMs, has now closed ... and Alpha Media is making a small profit on the deal.
Ex-CBS Radio Markets Drive ETM, With Gaming Revenue To Come
Four former CBS Radio markets are Entercom's top revenue performers in Q1, said President/CEO David Field. That's not the only huge takeaway from his company's quarterly earnings call. Legalized sports gambling could be a huge money maker for Entercom very soon.
It’s Official: ‘Mighty 1090’ Has Ceased Operations
While there was early talk that Broadcast Company of the Americas was immediately opening up discussions with another Mexico-based operator, it appears BCA's efforts in America's Finest City have reached their finality. The Mighty 1090 stream is now dead.
A Top Navigation App Links With Radio.com
The agreement gives users of the popular Waze app the ability to access the full range of Radio.com content — including podcasts and on-demand audio content. Radio.com playback and discovery controls, including favorite, local, and recently played stations.
AGM Spin Gets Spun Again In Albuquerque
In June 2017, AGM decided to spin an FM serving Albuquerque for $750,000, in order to meet local ownership rules following its purchase of four FMs from Univision Radio. Now, the entity that purchased this station is spinning it to another player involved in the Univision spins.
Beasley’s Blueprint For Future Growth: Digital, eSports Leadership
What is Beasley Media Group's path to long-term riches? The company is "aggressively" rolling out its digital transformation plan, and seeks to be an active player in an area where local dollars are being sucked away from radio with the power of a jumbo jet engine.
Longtime WOOD Owner Dies At Age 94
In 1955, a Detroit native headed to Grand Rapids for a career-turning move. He accepted the Sales Manager position at a radio station owned by Time-Life Inc. and rose to GM four years later. In 1972, this individual became a part-owner through 1984, when WOOD-AM & FM was sold.