Saga Solidifies Its Q4 ’24 Results Reveal Date
The radio broadcasting company founded by the late Ed Christian and today led by CEO Chris Forgy has announced when it will reveal its financial results for the final three months of 2024.
Veteran Radio Sales Pro Rings The Bell For Carl Parmer
For a quarter-century, he was associated with radio stations in Philadelphia and, before that, Miami. Now, he's joining EVP Randy Chase and CEO Carl Parmer at a Birmingham-based owner of radio stations carved from a group of properties once under the Cox Radio banner.
FCC Proposes Fines Against More Miami Radio Pirates
For more than 25 years, unlicensed radio broadcasts have littered the FM dial from West Palm Beach to Homestead, Fla. Today, broadcasting buccaneers persist across South Florida. Now, the FCC seeks to stop two elicit airwaves users in Miami-Dade County.
For iHeartMedia, Revenue Gains Come In Q4
The nation's No. 1 audio content creation and distribution company concluded a long parade of companies presenting their fourth quarter 2024 earnings reports on Thursday. And while the day began with a sobering fiscal health review from Cumulus Media, industry peer iHeartMedia shared Q4 results that saw net income rise and adjusted EBITDA increase, too.
Five Years After COVID-19, Cumulus’ Financial Health Still Weak
Some five years after the COVID-19 pandemic wreaked havoc on the nation's mental, physical and financial health, the Radio industry is still suffering. That's the message being told to investors of one of the biggest audio content creation and distribution companies in the U.S., as it delivered its Q4 2024 results on Thursday.
Cumulus Drops ‘Poison Pill’ Plan as Takeover Concerns Fade
One year ago, Cumulus Media initiated a “poison pill” defense to stave off the looming threat of a hostile takeover from billionaire Manoj Bhargava. Now Cumulus is quietly putting that shareholder rights plan to bed as the danger fades, per an SEC filing.
Audacy Expands Its CBS Podcast Sales and Distribution Deal
Audacy's Podcasts division has expanded its exclusive, multi-year sales and distribution partnership with CBS. The agreement now includes CBS Entertainment, CBS Media Ventures, CBS News, and CBS Studios podcast slates.
A Response To FCC Country Festival Probe Comes From iHeart
The FCC earlier this week took its first stab at investigating whether Radio is engaged in artist performance policies that do not comply with federal "Payola" regulations. On Wednesday, iHeartMedia responded to a formal letter of inquiry from Chairman Brendan Carr.
FEC: No Violations in iHeart Contributions to Pro-Cruz PAC
The Federal Election Commission has dismissed a complaint that alleged iHeartMedia’s nearly $1 million in podcast-related contributions to a super PAC supporting Senator Ted Cruz (R-TX) violated federal campaign finance laws.
KROI Claims Sabotage With Transmitter Line Cut
SBS says a saboteur on Sunday clipped all of the wires to KROI-FM in Houston's transmitter. RBR+TVBR first learned of the incident on Sunday afternoon, putting the market return of Hispanic radio icon Raul Brindis at SBS's $7.5 million acquisition in an emergency situation. As of 11am Central Monday, Brindis was on the air.
Financial Details Revealed In Iliad/Montana Radio Deal
As RBR+TVBR reported on February 20, a Boise, Idaho-based radio broadcasting company serving Boise and Twin Falls is venturing into a neighboring state. Terms of the "membership interest purchase" between Iliad Media Group Holdings and the parties behind The Montana Radio Company, the group Iliad is acquiring, are now known.
KQED Implements MaxxCasting To Improve East Bay Reception
It has a 110,000-watt signal atop San Bruno Mountain, allowing this station to cover nearly all of the San Francisco DMA. That said, the Bay Area is notorious for its hills and valleys, which can make FM reception particularly troublesome. KQED-FM is now acting to resolve that problem in the East Bay.
TelevisaUnivision In Q4: U.S. Up, Mexico Down
How did TelevisaUnivision perform in Q4? In the U.S., there was growth and it was fueled by ViX, the direct-to-consumer platform. In Mexico, there was none, impacting the overall results. The good news: the company's full-year net loss continues to decline, albeit slowly.
An Idaho Radio Owner Grows With Montana Move
A Boise, Idaho-based radio broadcasting company with stations here and in the Magic Valley region that includes Twin Falls is venturing into a neighboring state, thanks to a deal announced late Wednesday.
Civic Media Expands To Minnesota With Second Zoe Deal
Sage Weil has built a network of liberal-leaning Talk stations across the state of Wisconsin, and in late November 2024 agreed to purchase an FM licensed to Hayward, Wisc., from a licensee led by Mike Oberg. Now, Weil and Oberg have an agreement in place that expands Weil's Civic Media to the land of 10,000 lakes.