Radio News

If the vultures were watching Pandora stock over the last week, they should have put in a buy right at Tuesday's market close. The streaming audio company reported a smaller-than-expected Q2 loss and is winning over more paid subscribers, it revealed following the Closing Bell on Wall Street. That sent "P" shares surging.

A Class B FM serving much of Cape Cod and Nantucket likes things "Cool," owing to this Classic Hits station's branding. It just got something decisively uncool from the FCC's Enforcement Bureau: A Notice of Violation. Blame it on "spurious emissions."

Entercom President/CEO David Field scrapped his midday appointment schedule and issued a statement Monday explaining how his radio broadcasting company's contract with USTN has ended — and how "relieved" Entercom is to be out of contract it inherited from its merger with CBS Radio. He also had some sharp words regarding USTN's lawsuit.

Alpha Media will elect a new Chairman at their next scheduled board meeting, the company said in a release distributed at 10pm Pacific Sunday. Why? The Portland, Ore.-based company isn't talking, but others are.

For two months, a small town in an economically challenged part of the Tug Valley separating Kentucky from West Virginia had its very own Classic Rock FM. The regional chamber of commerce held a ribbon-cutting ceremony welcoming the new operation, run by an assistant fire chief with a background in radio broadcasting. There was just one problem: "Rock 104.1" had no FCC license.

It's been a bruising end of July for some publicly traded stocks, notably Facebook and Beasley Broadcast Group. On Friday, streaming audio player Pandora joined the club. Why did the company's shares dip by nearly 7%? Zacks may be behind it.

Cumulus Media's grand return to the NASDAQ Global Market has been finalized. While Cumulus is already using the "CMIA" symbol and a value of $15, there's been no active trading of the company's stock. So, when's the big day for the company that successfully emerged from Chapter 11 bankruptcy protection?

On Wednesday, Dennis Molloy and Judi Franco earned much more national exposure the midday talk hosts at Townsquare Media’s WKXW-FM “New Jersey 101.5” in Trenton could have bargained for. Why? A discussion of New Jersey’s Attorney General, Gurbir Grewal, turned sour.

Thanks to a late afternoon rally, Beasley Broadcast Group ended a steep slide of its stock value by managing to recoup 5 cents in Thursday's trading. That lifts BBGI to $7.35 — a value $3.50 lower than where Beasley shares opened last Friday's trading session.

The FCC has issued broadcaster Roy E. Henderson a forfeiture order for willfully and repeatedly violating two of the Commission's rules. It appears Henderson operated an FM station at variance from its license without FCC authorization, for failing to timely file a STA to operate with its adjusted technical facilities, and for failing to disclose material information regarding the unauthorized operation of this FM.

Patrick Communications Managing Partner Larry Patrick is in the news today for his brokerage firm's representation of the buyer of a trio of radio stations from Alpha Media. As that deal was being finalized, Patrick took a moment while at his part-time Wyoming home prior to a trip to Washington, D.C., to collect his thoughts on a radio industry combatant many not often thing of. Could you be a guilty party?

In a deal announced immediately after Wednesday's Closing Bell on Wall Street, publicly traded Salem Media Group revealed that it is parting ways with half of its stations in Nebraska's biggest market. The buyer is a regional entity known for being a trailblazer owner of a regional Mexican station serving Latinos in Nebraska, and for the NewsChannel Nebraska operation.

The No. 1 owner of AM and FM radio stations in the U.S. scored a major victory Tuesday, as the Federal bankruptcy court judge considering its reorganization petition approved the company's request for investment banker retention applications for two special advisors. The losers here? Unsecured creditors.

Lotus Communications benefits from Hispanic listenership to both its English-language and Spanish-language stations. But what makes Lotus' Spanish-language stations such a vibrant part of the company's holdings? Lotus President Jim Kalmenson shares his answers in this Hispanic Radio Podcast.

On July 20 TRANSACTIONS TODAY reported on the sale of a Class B AM covering the Tucson market. The "Good News" surrounding the deal, and its seller, came from broker Kalil & Co. ahead of a Form 314 filing with the FCC. On Wednesday, the filing was made — along with two others reflecting station sales to two well-known station owners.