Radio News

The FCC's Media Bureau on Monday released a Public Notice that one media broker believes is highly important for every radio industry C-Suite executive to read. Specifically, the Media Bureau is now seeking comment on "THE STATUS OF COMPETITION IN THE MARKETPLACE FOR DELIVERY OF AUDIO PROGRAMMING." What does that mean? Here's the scoop.

The Spanish-language audio prep service, which represents radio stations serving U.S. Hispanics and stations in Mexico, has acquired Intercambio Media and its subsidiaries. No price was disclosed by Los Angeles-based MLC Media, headed by Carlos Moncada.

Beasley Broadcast Group shares were pounded for a second consecutive day on Wall Street, and were down by more than 20% in midday trading. Today's dip comes as Beasley withdrew its proposed plan to sell 1.3 million shares, leaving just an offering of 3.1 million shares from "certain stockholders." That would be the Bordes family, who owned Greater Media. We know why Beasley pulled the offering.

A panel featuring three top industry executives, a top D.C. communications attorney and one esteemed Wall Street financial analyst will gather at the 2018 Radio Show in Orlando to discuss the impact of deregulation and large-scale debt reduction on the radio industry.

iHeartMedia's bankruptcy proceedings continued in Houston on Monday (7/23) with the filing by the company of a proposed order granting the media company's emergency application to the court that seeks the employment and retention of LionTree Advisors as a special financial advisor.

Larry Patrick, Managing Partner of Patrick Communications, is one of the nation's foremost media brokers. With this week's sale of WBEB-FM in Philadelphia by Jerry Lee Radio, thoughts flooded his mind about other stations in a similar situation. Call them orphans, "sole station owners who cannot sell to anyone," Patrick says. Here's what he says to say on the matter.

Take Two: On July 2 Sima Birach filed paperwork with the FCC indicating that two AMs serving the Hampton Roads region would be donated to the Multicultural Media, Telecom and Internet Council (MMTC). That's not happening, based on a new agreement forged July 12 and filed with the Commission on Friday.

In late September 2017, the FCC proposed its maximum fine to three individuals in the Haitian community of North Miami, Fla., for their continued operation of a prolific pirate FM at 90.1 FM. On Thursday, the forfeiture order was set. We have an RBR+TVBR OBSERVATION: Do you think these guys really care? The issue is enforcement, and that's where the PIRATE ACT comes in.

On Nov. 19, 2017, an AM radio station with a pair of FM translators brought a New England metropolis once known for its Portuguese speakers a new choice for Latin Urban and current Tropical hits. The stations operate under the "Mega 94.9" brand, and the party that has controlled the facilities via an LMA is now purchasing them outright.

It was certainly a big day for Entercom Communications, which effectively traded a Country station in the nation's ninth-largest market for the top-rated player. But, it was also a historic Thursday for Beasley Broadcast Group: That Country station, in the words of CEO Caroline Beasley, is "coming home." In this exclusive interview, she shares why the homecoming of WXTU is a pivotal move.

Rumors were rampant on Wednesday night that Entercom Communications would be making an announcement of some sort on Thursday morning. What was the news? Entercom is selling its Country station in Philadelphia to Beasley Broadcast Group, its one-time owner. Entercom won't be dropping in station count in the City of Brotherly Love however: It is acquiring ​​Jerry Lee's stand-alone AC.

A legend in the Delaware Valley, John DeBella joined Philadelphia's WMGK-FM in March 2002 under Greater Media ownership. In Februrary, DeBella and employer Beasley Broadcast Group were slapped with a sexual harassment lawsuit by a former co-host. Named as a co-defendant was iHeart-owned Total Traffic & Weather Network. On Friday, a settlement was reached.

On average, more than 25% of Americans say they listen to terrestrial radio several times a day, whereas 15% listen to the radio online. That bit of encouraging news comes from the just-released Dimension study from Kantar Media. The research was conducted between Nov. 30 and Dec. 12, 2017. We have your first look at this revealing data.

In this latest Hispanic Radio Podcast, Radio + Television Business Report Editor-in-Chief Adam R Jacobson has a candid conversation with a Latina consumer of both English-language and Spanish-language radio in Miami. She's an immigrant and has her favorite stations, which she listens to both in the car and at home. What does she like? Listen now and learn!

Townsquare Media has filed documents with the Securities and Exchange Commission that reflect the radio and local digital media company's desire to initiate a tender offer valued at precisely $76,472,805.50. It involves a proposal to exchange eligible options for replacement options.