Radio News

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.

The fight over the removal of Title II classification for broadband, thus ending the two-year-old "net neutrality" rules created by the FCC under former Chairman Tom Wheeler, is already set to be a fierce one -- even though Democrats find themselves in the minority on a vote that is all-but inevitably affirmative come Dec. 14. The war officially began on Twitter at High Noon, Eastern time, thanks to Democratic Commissioner Jessica Rosenworcel. "Let's roar," she declared in sharing her official public statement on the medium most-preferred by the President of the United States.

CBS Corp. started the day mired in a potentially ugly battle with DISH Network, which this morning pulled the plug on CBS O&Os, several affiliates of The CW and three MVPD-distributed networks due to a bitter retransmission dispute. But, that's not the only new news involving CBS. Its Board of Directors just declared a healthy quarterly dividend, as the final numbers for the CBS Radio share exchange were released. That went well: the share exchange offer was oversubscribed.

One of the nation's most listened-to spoken word radio stations, both on the radio and online, desired a new robust App for both Apple and Android devices. When all was said and done, this top-rated Hubbard Radio station worked with jācapps to get the job done. 

The real estate associated with a radio broadcasting company operating since 1927 is heading for a tax auction following the Thanksgiving holiday. Of the five stations it is licensed to operate, just one remains on the air -- and it is fully automated. A rotting station van for a now-defunct FM sits at the facility that's soon to be auctioned off. This is the sorry end to a cluster in the Adirondacks of Upstate New York.

The 2018 NAB Show is guaranteed to have more bright lights -- and food for attendees -- than the jam-packed and expansive 2017 event in Las Vegas. Two new events highlighting broadcast industry achievement are on tap. As a result, three luncheons have been tossed.

With Cyber Monday already eclipsing Black Friday among many consumer groups, one of the biggest e-retailers is aggressively courting customers ahead of the Thanksgiving Day festivities. And, it is using radio commercials to help bring in the digital sales, the latest Media Monitors Radio Spot Ten report finds.

Entercom President/CEO David Field can barely control his excitement over the addition of CBS Radio to the company's stable of stations, and he's literally welcomed all former CBS Radio employees with open arms -- as seen in a four-minute video distributed across the company. Meanwhile, three new business practices are now in place that "better reflect radio's strong value." This includes lower ad inventory.

Entercom President/CEO David Field loves Alternative music so much that he attended the entire three-day Lollapalooza festival in Chicago from August 2-5, 2018. Now, on his visits to the Big Apple and Big D, he need not stream one of his company's out-of-market stations to enjoy the sounds of such beloved acts as Soundgarden or Foo Fighters. Meanwhile, a Chicago FM formerly owned by CBS Radio has embraced "Throwbacks."

An Indianapolis market veteran who started his career in radio as PD of WFMS-FM 95.5 for former owner Susquehanna Radio Corp. has just been given the keys for Emmis Communications' flagship station group.