Radio News

On Tuesday, investors in Spanish Broadcasting System (SBS) narrowly escaped a record low for the Hispanic-focused media company's stock. On Wednesday, a repeat performance couldn't be had: SBS dipped 22.6% to $0.395 — bringing it to its lowest-ever level.

According to a new study conducted by Jacobs Media Strategies and jācapps, in partnership with Sonic Ai, a significant percentage of respondents over the age of 12 that have internet access plan to purchase a voice-controlled smart speaker, such as an Amazon Echo or Google Home device, during the 2017 holiday season. Is your radio station giving any away as a cume-building promotion?

In late January, Cumulus Media agreed to sell a Class C AM in Salt Lake City for $55,000 to a local Latino pastor. That deal never closed. As a result, there's a new buyer for this AM, which has different call letters than it did at the start of 2017. The buyer is known for his properties across the American West ... and in Hawaii.

Salem Media Group will start next week front-and-center at a pair of investor conferences scheduled to take place in Los Angeles. The attendance of Salem executives at these back-to-back events will include one-on-one meetings held throughout the day, which are now being scheduled by respective conference representatives.

Yesterday RBR+TVBR reported on the sale of silent WNBZ-AM to North Country Radio — the Lake Placid-based entity co-owned by Jonathan Becker and Gregory Gallacher — by fiscally impaired broadcaster Ted Morgan. Now, RBR+TVBR has confirmed that the only station owned by Morgan that is actually on the air has been sold, and he's exiting the business. However, little is known about the buyer of the station deal that's just been announced.

The company that is running a group of stations still legally owned by Entercom -- for now -- has just made a "Sound" choice as the new GSM for a pair of FMs serving the San Francisco Bay Area.

More than a decade since Thomas H. Lee Partners and Bain Capital Partners conducted a buyout of iHeartRadio predecessor Clear Channel for $17.9 billion, some 14 radio stations remain in the FCC-required divestment vehicle known as the Aloha Station Trust. One of those properties is now being sold by the Trust.

On Nov. 21, RBR+TVBR reported on the "sad end" of a radio broadcasting company serving a rural area of New York's Adirondacks region. Now, one of the stations this company took silent has been sold -- and, presumably, will be coming back to life after nearly two years of silence.

A pair of Construction Permits for FM radio stations in the Lone Star State are heading to a new owner. The first facility is licensed a small town 83 miles to the east of Waco. The second facility is licensed to a community just 28 miles south of Tyler, Tex.

With the Thanksgiving Day holiday fast approaching, Cumulus Media investors are cashing out -- a sign that they're displeased with the company's shift on Wednesday from the Nasdaq Capital Market exchange to the OTC Markets’ OTCQX market tier. As of 1:15pm Eastern, Cumulus shares -- still trading under the "CMLS" ticker symbol -- were off a sharp 26.6%.

In a statement that codifies Entercom Communications' commitment to sports programming, the company that just closed on its merger with CBS Radio has reached a long-term agreement with the Philadelphia Eagles NFL franchise -- keeping it on an FM that's been its radio home since 1992.

Tuesday's 10% dip to 26 cents for shares of Cumulus Media stock was the company's final move on the Nasdaq Capital Market exchange. An appeal by the nation's No. 2 radio broadcasting company by number of stations to stay on the exchange was denied. As a result of notification Monday from The NASDAQ Stock Market LLC, Cumulus' Class A common stock has been delisted.

A Beasley Broadcast Group subsidiary known as "Beasley Mezzanine Holdings" on Friday (11/17) entered into a new credit agreement with U.S. Bank that gives it access to $245 million.

In March 2015, Cumulus Media made a change in afternoons at one of its Dallas-Fort Worth FMs by hiring a nighttime personality previously with KCAQ-FM 104.7 in Oxnard-Ventura, Calif., who had made a name for himself with his "Block Party." Today, the air talent known to listeners as Crisco Kidd -- legally known as Josh Carmona -- is no longer a part of the air staff at KLIF-FM "Hot 93.3" in Dallas. He says he was wrongfully terminated because of his race. Cumulus dismisses those claims.

What happens when an individual handed a Notice of Unlicensed Operation from the FCC disregards it and continues to operate an unlicensed radio station? They get a Notice of Apparent Liability for Forfeiture. That's just what was given to a pirate radio operator in L.A.'s San Fernando Valley.