Pillsbury Dough Show: Radio’s Financial Future Unfurled
A dynamic lineup of radio industry executives and financial experts will discuss the business impact of significant regulatory changes affecting radio at a 2019 Radio Show session hosted by Pillsbury Winthrop Shaw Pittman. It's set for the afternoon of Sept. 24.
Rev Up, Income Down For Beasley In Q2
Beasley Media Group, ahead of Monday's Opening Bell on Wall Street, said its net revenue went up in the second quarter. However, operating income was flat, as net income for the radio industry pure-play went down.
Arcadia Election Day For Tomas Martinez: Sell
A Miami Hispanic radio veteran in 2014 acquired one of two FM radio stations serving agricultural inland Florida. Now, he's selling one of those stations to -- of all entities -- a school known for training the doctors, dentists and pharmacists of tomorrow.
ESPN KY Conquers Louisville
Go south of Louisville, Kentucky, and you'll find Fort Knox, and the neighboring city of Elizabethtown. It is here that ESPN KY airs on a Class C AM facility that can't really be heard to the north, in Louisville. That's about to change, thanks to a FM translator with a big CP.
Bustos’ Chico Shuffle Yields More Of Yuba City
Three FMs serving the Chico, Calif., market, were purchased in early May by Bustos Media. Now, two of those FMs are being traded for a big FM. Why? It gives Bustos far greater coverage of the region -- and new opportunities for a company with Elliot Evers as a minority shareholder.
BIA: Local Political Ad Dollars Largely Skip Radio
BIA Advisory Services predicts some $6.55 billion will be spent in local political advertising in 2020. But, what media is getting the majority of the ad spend? It isn't Radio. In fact, Radio isn't even forecast to attract more than 5% of the local political advertising budget.
Here’s The Radio Hall of Fame Class of ’19
The results are in for the class of 2019 Radio Hall of Fame inductees who will be honored on Nov. 8, in New York at Gotham Hall. Who are this year's inductees? Click here for all of the details.
Upsized And Exclusive: A Bigger iHeart Private Note Offering
On Thursday iHeartMedia's “iHeartCommunications” subsidiary said it will offer $500 million aggregate principal amount of Senior Secured Notes due 2027. Some industry observers predicted this private offering would be oversubscribed. That happened, and quickly.
Charleston Chew: West Virginia Radio OK’s New Nielsen Pact
Thanks to a just-signed agreement, Nielsen Audio will once again be providing ratings measurement for West Virginia Radio Corp.'s collection of radio stations in Market No. 197. That still won't give non-subscribers a full look at the market, as another owner isn't a subscriber.
Analysts Fear A Q2 Earnings Dip For Townsquare
On Tuesday morning, Townsquare Media will offer its second-quarter earnings report. Zacks Equity Research has been chatting with Wall Street analysts on what they expect, and they aren't anticipating an earnings increase for the company focused on small and medium-sized markets.
Moody’s Rates iHeartMedia’s Proposed Senior Secured Notes
Now that Clear Channel Outdoor Holdings is completely separate from iHeartMedia, with billions of dollars in debt wiped clean through its emergence from debtor-in-possession status, it has reached out to the SEC with a proposal to issue $500 million worth of notes -- in a private offering.
Blue Swede: Spotify Misses Sub Goal, Earns Pivotal ‘Hold’
While Spotify reported a multi-million dollar loss that's much smaller than the loss seen in Q2 2018, it added fewer paying subscribers than analysts expected ... again. This led Pivotal Research Group to downgrade "SPOT" stock.
‘Improved’ Multicultural Radio Measurement An ‘E-Plus’ Pledge
Nielsen has done much over the years to address these concerns. Now, Eastlan Ratings thinks it has a solution, thanks to a new partnership forged with a former Katz Media executive who is a co-founder of Triton Digital.
Edgewater Continues To Liquidate Its Assets
As President of Edgewater Broadcasting, President Dennis Clounch has largely presided over a licensee that has parted ways with most of its radio stations. Now, Edgewater is saying goodbye to five more translators; four are going to the second-biggest licensee of radio stations in the U.S.
A ‘Berry’ Big Deal In The Gateway City
Seven years ago, bail bondsman and business consultant Paul Berry III ran for political office for the first time. While grabbing a Congressional seat or landing the role of St. Louis County Executive has been elusive for this Gateway City figure, he's successfully landed a group of radio stations.