Radio News

It's official: The radio broadcasting company formed by Washington Redskins owner Dan Snyder has sold a D.C.-area AM for just over $2 million. The deal, which saw Greg Guy of Patrick Communications serve as the broker, concludes the spins Red Zebra sought to conduct. The company will now focus on another AM for ESPN Radio coverage in the National Capital Region. Who's the buyer? Look to Camarillo, Calif., and across the river to Rosslyn, Va.

The owner of a Class A FM serving Southern New Jersey has submitted comments in opposition to a Petition of Rulemaking that seeks a modification of Part 74 of the Commission's rules, which is designed to make it easier for the operator of an FM translator to find a suitable site for the transmitter. There's an opposing view, however. This owner says the change in rules would reduce the protection accorded to full-power FM stations from interference caused by a translator.

In an unanimous 3-0 vote at today's FCC May Open meeting, the Commission released a Notice of Proposed Rulemaking that proposes to eliminate the rule, which requires each AM, FM, and television broadcast station to have a main studio located in or near its local community.

A petition for reconsideration filed with the FCC by the operator of an unlicensed radio station in the San Fernando Valley of Los Angeles has lost his fight to avoid forking over a sizable fine for his actions. At the same time, the FCC has made it known that a broadcast buccaneer in the Bronx cannot continue to operate on a signal that's a first-adjacency to a Gotham FM owned by CBS Radio.

Kelly Seaton, who served as GM of the former WFYR-FM 103.5 in Chicago and led the sales departments at storied AMs WLS-AM 890 and WGN-AM 720 in the Windy City, has died.

On May 23, business and credit management executives in the media industry will get a "hands-on" tutorial of what the "connected car" will bring to broadcast radio and TV. Consider industry veteran and Jacapps President Paul Jacobs one of your virtual field trip coordinators.

Yesterday, Spanish Broadcasting System notified the Securities and Exchange Commission that it needs more time to complete its Q1 2017 quarterly report, which was due by the close of the day. Today, company executives won't be crunching the numbers. Instead, they'll be showing off their programming and on-air talent with clients and advertisers at an Upfront presentation featuring an appearance from the biggest Latin recording artist on the planet: Luis Fonsi.

Getting out of an underperformer at the best time can help maximize one's portfolio returns. But, when is the right time, and how does one know? Zacks Equity Research thinks it has the answer for holders of Entravision Communications stock. Sell, sell, sell, Zacks says. Here's why.

Westwood One Spot Sales, the national spot platform for Cumulus Media, is now participating in Expressway from Katz — a programmatic ad buying exchange for broadcast radio. Cumulus stations are offering full inventory access through Katz’s cutting-edge programmatic exchange, powered by Jelli, providing automation, speed, and transparency to its advertising clients and brand partners.

A winning bidder for an FM construction permit in the FCC's Auction 98 has just seen its long-form application for the permit dismissed. The action comes after the bidder failed to make a required downpayment for the permit, and sought a waiver for the deadline. This request was denied, thanks (in part) to Connoisseur Media. Now, the bidder has no new station. And, the company has been assessed an interim default payment.

With some in the radio industry openly questioning if the sale of KPWR-FM "Power 106" in Los Angeles signals a coming sell-off of all Emmis Communications radio stations, Wall Street financial house CapitalCube has taken its stethoscope and given the company led by Chairman/CEO Jeff Smulyan a check-up. What's the prognosis?

The Mike Novak-led Educational Media Foundation, one of the most prolific buyers of FM stations in recent months, is at it again. This time, it’s acquiring a Class A facility in Northern Virginia from the man who holds a majority stake in the Washington Redskins. Meanwhile, a Texas nonprofit has sold a pair of noncommercial FM stations to another Lone Star State noncomm entity, as "NV89" gets a boost in the Silver State's capital city.

The former spokesperson for Greater Media has taken a similar role with the former radio broadcasting company's acquisition partner, Beasley Broadcast Group.

North Carolina-based Lakes Media LLC and its President, Tom Birch, on Friday submitted comments to the Commission that strongly rebut a rulemaking petition submitted by Aztec Capital Partners that would, in Birch's view, loosen protections for fully licensed FM stations. The comments come on the heels of receipt of an FCC Staff Letter ordering immediate cessation of the operation of a translator in Durham, N.C., and the dismissal of its license.

A trio of radio stations in New Hampshire is being sold to a longtime engineer and broadcaster in the Granite State. Richard A. Foreman Associates advised the seller on the deal, which involves a company with the same name of a North Carolina operator that made headlines this week.