Could Radio’s Enemy Be A Computer?
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?
Salem Says Goodbye To Two AMs
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.
LionTree, Moelis Requests OKd By iHeart BK Judge
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.
Hispanic Radio Podcast: Lures In Spanish, And English
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.
Good News Sales Reveal Two Big Buyers
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.
Hey, Radio: What’s Your Status? The FCC Is Asking
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.
MLC Media Adds An Audio Production and Imaging Player
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 Shares Tumble Following Share Sale Scrub
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.
Radio’s Debt Cloud: Pillsbury’s Radio Show Talk Topic
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.
LionTree Plea Latest Push For iHeart
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.
Orphans Looking For Homes
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.
Birach Selects A New Donee For Tidewater Two
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.
FCC Affirms Maximum Penalty For Miami Pirates
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.
A Purchase In Providence Solidifies Tropical Vibe
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.
Beasley’s Big Return: How WXTU ‘Came Home’
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.