Entercom Gives Marketers A ‘Guide To Radio’
Don't think for a minute that David Field isn't the right de-facto leader for bringing renewed vigor to the radio industry. The Entercom President/CEO has given Chief Marketing Officer Ruth Gaviria the green light to a huge initiative designed to get the attention of the very people that can help propel AM and FM stations to new heights: Chief Marketing Officers for the nation's biggest companies.
Santa Sleighs Off, With Country Music, At KMPS
After many years as a Country station and a little more than two weeks in to an all-Christmas presentation, Entercom on Monday officially switched KMPS-FM 94.1 in Seattle-Tacoma to Soft Adult Contemporary programming. With the change, one air personality will shift over to the Entercom station that it wants as Seattle's dominant country music source. Hubbard Radio will try to stop that from happening.
This Radio Industry Vet Is Now Leading Beasley/Tampa
A 35-year radio industry executive who has held such roles as EVP/Operations for Chancellor Broadcasting and the company it became, AMFM Inc.; as the EVP for Salem Media Group; and as EVP/Operations for iHeartMedia's Miami-Fort Lauderdale station group while the company was still known as Clear Channel is returning to the Sunshine State.
Pandora Flirts With An All-Time Low
Back on Feb. 13, Pandora Media shares were trading at $13.58. Since then, the company has struggled to grow at the same levels it did just five years ago. On Friday, on heavier than average volume, "P" plunged by more than 4% to come very close to its all-time low of $4.57. That low was achieved on Nov. 6.
Entercom Launches Consent Solicitation On Its 2024 Senior Notes
CBS Radio is now a wholly owned subsidiary of Entercom Communications, and that's the entity that is now soliciting consents from holders of its outstanding 7.250% Senior Notes due 2024 to proposed amendments to the indenture, dated Oct. 17, 2016. Specifically, Entercom seeks to align certain definitions in the indenture with the corresponding definitions in CBS Radio’s credit facility.
Court Sides With GMR On Lack Of Keystone State Jurisdiction
A U.S. Magistrate Judge has recommended that the presiding District Judge in a Philadelphia-based federal court dismiss an antitrust lawsuit filed in November 2016 by the Radio Music Licensing Committee (RMLC) against the Irving Azoff-led Global Music Rights (GMR) music licensing organization. Why was the case recommended for dismissal? The Court agreed with GMR that the Keystone State court has no jurisdiction in the matter.
Lenders Want Nearly All Of iHeart, Plus A Chapter 11 Option
Details of a debt-for-equity proposal awarding its lenders 87.5% equity in a recapitalized iHeart and 87.5% of iHeart’s 89.5% direct ownership in Clear Channel Outdoor presented to iHeartMedia's lenders by the company surfaced today in an SEC filing. There was a counter proposal from lenders, too, and they want a much sweeter deal. The lenders also want an option for a pre-packaged Chapter 11 filing.
What Exchange-Traded Funds Are Impacted By Cumulus?
If Cumulus' Chapter 11 reorganization is affirmed by U.S. Bankruptcy Court for the Southern District of New York, shareholder value would be wiped out. Could that impact individuals' 401(k) retirement accounts? We took a look at the top Exchange-Traded Funds (ETFs) that include Cumulus stock. Here's what we found.
It’s Official: SBS Stock Slumps To New Low
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.
Smart Speakers: That Hot Holiday Must-Have
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?
Take Two: Cumulus Finds A New Buyer For Utah AM
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 Execs Set For L.A. Investor Conferences
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.
Confirmed: Ted Morgan Is Selling All Of His Adirondack Stations
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.
Bonneville Makes A Sales Move In SFO
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.
Aloha Trust Says Goodbye To A Deep South FM
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.