‘Brownsville Radio’ Sold To Newspaper Publisher
The company behind a quartet of broadsheet newspapers serving a rural portion of Tennessee to the north of the city of Jackson has agreed to purchase an AM/FM combo west of that city known to local listeners as "Brownsville Radio."
WDAY Radio Sold By Forum Communications
On October 2, Forum Communications Company closed on its $5.9 million purchase of the Rapid City, S.D., NBC affiliate and its translator TV stations in a transaction brokered by Kalil & Co. Now, the company is parting ways with the 10kw Class B AM and its accompanying FM translator it owns in the Fargo market.
‘Polskie Radio’ Spun In Chicago
It airs a contemporary music format targeting Polish-speaking audiences in greater Chicago during daylight hours, and at night airs dance and electronic music under the "Dance Factory" brand. Pending FCC approval, this Class A 1.8kw facility licensed to Arlington Heights, Ill., will be under new ownership.
Brazos Communications West Welcomes New Odessa-Midland Ownership
Out in West Texas towns of Odessa-Midland, the incoming Chairman of the Texas Association of Broadcasters and his partner have acquired an ownership interest in Brazos Communications West, operating three FM signals in the Permian Basin.
Urban One Shareholders Elect Board, Approve Auditor For Year Ahead
Urban One, Inc. held its 2024 Annual Meeting of Stockholders on October 1, setting the direction in the coming year for leadership, financial matters, and executive compensation of the local and network radio and cable TV operator.
NAACP Adds Millions To Radio Election Spend To Reach Black Voters
Presidential candidates are not alone in utilizing radio’s reach to multicultural audiences. As the Harris-Walz campaign invests $3 million to target Latino voters in swing states like Arizona, Nevada, Pennsylvania, and Wisconsin, the NAACP is the latest organization to turn to radio ads in the march to election day.
SiriusXM Sets Q3 Earnings Release Date Amid Stock Slump
It's been a busy end of summer for SiriusXM. Between the company's restructuring with Liberty Media, the resulting reverse stock split, and announcing a new free, commercial-driven in-car tier to boost subscriber numbers, there will be a lot for CEO Jennifer Witz to discuss during the company's Q3 2024 earnings call - which now has a date.
Woodward Closes On Neuhoff’s Final Group of Radio Properties
The sale of Neuhoff Media's final seven stations, located in the Illinois cities of Springfield and Bloomington, in a transaction brokered by Kalil & Co. and Tideline Partners has closed.
VSiN Selects Marketing Agency To Support Growth, Expansion Plan
The first media company dedicated to providing news, analysis, and proprietary data to sports bettors has signed a "strategic partnership" with sports and entertainment marketing firm Interstate 15 — an agreement designed to allow VSiN to further grow.
Beasley Extends Deadlines and Dates For Exchange, Tender Offers
Broadcast radio station owner Beasley Media Group has extended three key elements tied to an exchange offer and tender offer it previously announced. The move comes with 7% of the outstanding Existing Notes not yet submitted for tender or exchange — with the first set of deadlines and dates arriving yesterday.
A Joint Sales Venture Unites USRN, Key Networks
Don't call it a merger, but instead a strategic partnership. Longtime radio syndication company United Stations Radio Networks (USRN), founded by the late Dick Clark, and Key Networks, are uniting their sales forces.
Audacy To Go Private As Field Remains CEO
“We are pleased to have successfully achieved all of our restructuring goals, emerging with an outstanding balance sheet, delivering industry-leading growth, serving our listeners and advertisers with excellence and honoring our commitments to employees and partners,” said David Field, who will continue as President/CEO of Audacy Inc. as it goes private.
FCC Approves Audacy’s Post-Bankruptcy Vote In Split Vote
While the release of the Commission's Memorandum Opinion and Order came early Monday, it was adopted in a divisive 3-2 vote on September 18, with Republicans Brendan Carr and Nate Simington vociferously disapproving the deal over Soros' ties to liberal and Democratic causes.
NAB ‘Pleased’ Of FCC’s Audacy Post-Bankruptcy Plan OK
"While we do not take a position on the merits of this or any particular broadcast transaction, it is essential that the FCC’s regulatory processes are fair and predictable so that broadcasters can innovate and invest in their stations to the benefit of communities across the country," NAB head Curtis LeGeyt said.
Two Unauthorized License Transfers Yield Proposed FCC Fine
The licenses for an AM radio station with an FM translator serving Oregon's state capital were transferred between family members — twice — without FCC authorization. That's yielded a proposed fine.