Emmis Shares Rocket Ahead On Soo Kim Spin News
At the Closing Bell on Monday, Emmis Communications shares were up nearly 20%, finishing at their highest value in more than four years. That's thanks to the creation of a newly formed company that sees Soo Kim's Standard General take 76% ownership.
Maui Cruiser Adds Ohana In Oahu
Until October 2018, a Kahului-based multimedia company had focused its efforts on serving Maui and the big island of Hawai'i. At that time, expansion to Kaua'i was solidified. Now, Pacific Media Group has entered Oah'u with the addition of four big FM stations.
An Online Move For A Voice Of Liberty
Billed as "Liberty County's Only Daily News Source," a Texas radio station has dutifully served its listeners as a Full Service facility blending "music mixed with things that matter." Now, the FM has been sold. Monday is the final day of operations, ahead of a shift to online-only delivery.
A ‘Significant’ Rise In Digital Political Dollars Dwarfs Radio
For radio industry C-Suiters, the addition of political dollars to their overall revenue in 2020 is something many have been salivating about for the last several quarters. But, is Radio far behind other media? New data from Kantar Media says yes, thanks to digital.
Norsan Makes It a Queen City Quartet
In October 2016, an owner of Spanish-language AMs serving Latino audiences across the Southeast grabbed a third FM signal in Charlotte. Now, Norsan Media is adding a fourth FM signal in the market -- and its a translator tied to an "active" AM.
Behind The Buyer Of WABC-AM In N.Y.
By 11am Eastern Thursday, the radio industry was abuzz with the news that Cumulus Media secured a buyer for WABC-AM in New York -- once America's most-listened-to radio station. But, who is the buyer? If you're a longtime New York resident, you know his grocery chain.
W-A-B-Cheap? Deal Valuation ‘No Surprise’ To Brokers
On Thursday , one of the most famous radio stations in history — WABC — was sold to a local businessman for $12.5 million. Seems like a bargain, no? Two brokers shrug that it's simply the new normal for AM radio stations -- regardless of their rich history or past value.
It’s Official: Cox Radio, Gamut, CoxReps Going To Apollo
On March 1, RBR+TVBR first reported that, citing multiple sources, Apollo Global Management has been offered majority control of Cox Media Group's radio assets. Cox Media Group EVP Bill Hendrich reportedly conducted a company-wide Town Hall meeting the day before, but CMG remained mum — until now.
Entercom’s Wrong-Way Stock Trajectory
On April 30, it appeared as if ETM would soon climb to above $7 a share, continuing a rebound from a sharp downturn that began in late February and concluded in late March. With Q2 set to end Friday, Entercom stock is now struggling to find the $6 mark.
Prairie Winds Blow Dakotas Cluster Away From Armada
Midway between Fargo and Sioux Falls, S.D., along Interstate 29, is the Watertown-Milbank area. It's home to two AMs, three FMs and two FM translators giving those AMs a bit of "revitalization." Now, these properties are trading hands, with a local buyer awaiting closing.
A Radio Brand’s ‘No Talk Day’: Awareness, Aussie Style
On July 1, on a cool winter's day in Australia, Southern Cross Austereo will be muting everything but the music on its national Rock brand, Triple M: no shows, no announcers, no news, no traffic and no ads. There's a powerful reason why, and it's getting lots of positive attention.
Security, Privacy Concerns Cloud Smart Speaker Ubiquity
The Smart Audio Report Spring 2019 survey, produced by Edison Research in partnership with NPR, finds that seven-in-10 smart speaker owners use their device daily despite security and privacy concerns. These concerns are the main reason why non-owners don't have them.
Farr and Away: A New Backyard For Pennsylvania Cluster
Here's a deal that we guarantee is no typo: Backyard Broadcasting PA LLC is selling a group of stations in the Williamsport, Pa., area to Backyard Broadcasting of Pennsylvania LLC. This deal, brokered by Kalil & Co., involves five FMs, an AM, and an FM translator.
NYF Radio Awards Reveals 2019 Winners
Since 1982, New York Festivals Radio Awards have saluted the best in global audio content. We now know who the 2019 winners are, and among them is Westwood One and a famed CBC journalist who has hosted Radio One news magazine The Current since 2002.
Is Saga’s Current Stock Price A New Normal?
It's a lightly traded issue on Nasdaq. Still, Saga Communications shares are considered to be "near fair value" by analysts, Yahoo! Finance notes. Is that less than stellar news, as SGA continues to struggle with a recovery from a five-year low?