Radio News

Translated from Spanish to English, that's "Down." And, for Doral, Fla.-based Spanish Broadcasting System (SBS), everything was down except adjusted OIBDA in its Mega TV segment. That said, television is all but a small segment of what impacts SBS. Additionally, digital growth was offset by tough political comps. Nevertheless, some are discussing Chapter 11 for this venerable company -- even though Chairman/CEO Raul Alarcon Jr. controls the bulk of shares and is not in the same situation as companies such as Cumulus Media.

CBS Corp. has set the final exchange ratio in connection with its offer to shareholders to exchange their shares of CBS Class B common stock for shares of CBS Radio common stock. It's one of the final moves tied to the split-off of CBS Radio, and the combination of the AM and FM radio assets with Entercom Communications through the tax-advantageous Reverse Morris Trust process.

One week ago, attendees at the ANA Multicultural Marketing & Diversity Conference in Miami Beach heard a lot about millennials, and Gen Z consumers. One session was even titled "The Multicultural Millennial Effect - How Big of A Deal Is This?" It's a very big deal if you're a radio broadcasting company, says RBR+TVBR's Editor-in-Chief. But, the spark for this column didn't come from this conference's panel discussion. Rather, it came from Trivia Night at a craft brewery where none of the millennials recognized songs you've probably heard thousands of times. The solution? Let go, and embrace the '90s.

The city of Saratoga Springs, N.Y., is known for its horse racing and performing arts center. Now, it will also be known as the latest U.S. city to get one of two Christian Contemporary Music noncomm formats offered by Educational Media Foundation. That's because a station most recently known as "The Jockey" has joined the EMF stable.

Entercom on Monday afternoon selected 12 programming format captains, ahead of Friday's expected closing of its Reverse Morris Trust-fueled merger with CBS Radio. Click here for all of the details.

The holidays are just weeks away. Perhaps jewelry is on the gift list? One retailer hopes that's the case and it's using radio to reach potential customers. What are the other active retailers using AM and FM radio stations to get their advertising messages out? Find out now!

In November 2015, a new Construction Permit for a 23kw FM radio station serving Texas' Hill Country was granted to Alpha Media. The station was never built out. Now, Alpha Media has sold this to-be-born facility to the northwest of San Antonio.

The Mentoring & Inspiring Women in Radio (MIW) Group has opened the application window for its 2018 Mildred Carter MIW Group Mentoring Program. Currently in its 17th year, this experience pairs up-and-coming women who currently work in the radio industry with female professionals recognized as leaders in all aspects of radio broadcasting and media. Beasley Media Group has committed to provide support as the lead sponsor of the 2018 initiative.

In early August 2016, Roy Henderson notified the FCC that he had created a wholly owned limited liability company. This entity, N Content Marketing, would serve as the owner of an AM in Petoskey, Mich. and 1 AM and 3 FMs in Traverse City, Mich. Two months later, RBR + TVBR learned that Henderson’s new entity sought FCC approval for a brand-new Class C2 FM facility in the resort community of Gaylord, Mich. He's not getting the new station, the Media Bureau has ruled.

A year-long saga involving a now-deleted Class C1 radio station in Palacios, Texas, is now over. It's not necessarily good news for independent broadcaster Roy Henderson: The cancellation of this station's license, and subsequent negation of the station's sale, has been upheld by the FCC.

The seven-year Director of Traffic and Weather Operations at a big Hubbard Radio station has just joined iHeart-owned Total Traffic & Weather Network to oversee its operations in the New York Tri-State Area.

On Oct. 24, an SEC filing revealed that iHeartMedia offered its lenders under its Term Loan D and Term Loan E facilities, and certain priority guarantee noteholders, an out-of-court exchange offer with minimum participation thresholds. It now appears this counter proposal was nixed by iHeart's lenders, as iHeart has again extended the deadline for participation in its Term Loan Offers and Exchange Offers -- and the terms remain just as they did seven months ago. With that, iHeart shares plunged today.

The nation's biggest radio broadcasting company on Wednesday morning released its Q3 results. While the iHeartMedia segment extended its year-over-year revenue growth to 18 consecutive quarters, consolidated revenue decreased 1.9% and operating income slid by 23.7% in the three month period ending Sept. 30.

After 13 years, there's a change in the role of Managing Director at one of the nation's biggest media brokerage firms. At the same time, it is welcoming a Research Director widely known for his experience as a software developer and voice artist.

The Spanish Broadcasting System (SBS)-owned Aire Radio Networks has added an EVP/National Radio Sales and a SVP/National Radio Sales for the national radio platform which creates, distributes and markets Spanish-language radio programming across the U.S.