Two Months Later, iHeartMedia Erases Sub-$1 Stock Concern
On May 28, iHeartMedia stock careened to a post-bankruptcy low of 86 cents per share. It dipped from a closing price of $2.36 seen just 22 days earlier. While the company's stock recovery has a long way, "IHRT" is on a hot streak and is quickly regaining value.
Corus Woes Continue With Kingston, Ont. Cuts
With its TSX-traded shares just above 10 cents per share, the owner of broadcast radio and television stations in Canada moved forward with significant reduction-in-staff initiatives in one Ontario city.
An Area President for Alaska, Hawaii Is Selected By iHeart
The Market President for iHeartMedia's collection of radio stations in Fairbanks, Alaska, the company's northernmost market, has just been promoted to Area President for the entire state of Alaska and for the company's properties on the Hawaiian island of O'ahu.
A University Expands Its Student-Run FM
Over the last decade, stories of institutions of higher learning opting to discontinue their student-run radio stations have permeated the industry. The University of Oregon is being a contrarian by agreeing to purchase an FM that will serve as a second signal for KWVA-FM.
‘Rumba’ Gets A Bigger Platform In Tampa Bay
For more than 20 years, the 95.7 MHz frequency in the Tampa-St. Petersburg market has been home to hip-hop fare. As of today, that programming is now on a pair of FM translators, thanks to a format swap. Introducing "Rumba 95.7," which will compete against SBS and Beasley.
Improper Transfer of Control Resolved By FCC
In September 2023, a 50/50 partner in a Colorado radio station ownership group agreed to sell his interest in the company. There's just one problem — FCC paperwork noting the change in ownership didn't get filed for a month. That's a no-no, and it is being resolved by a consent decree.
David Kantor To Retire As Urban One Radio Head
He's a radio industry veteran who has been with the former Radio One for 20 years. Today he's Urban One's Radio Division CEO, and Streamline Publishing's Radio Ink reports first that David Kantor will retire at the end of 2024. Kantor oversees the company's 57 stations and its Reach Media unit.
The InFOCUS Podcast: Pat Roberts
Many local radio and television stations across the Sunshine State are members of the Florida Association of Broadcasters, led by Pat Roberts. He sits in on the latest InFOCUS Podcast to share his thoughts on local media's continued vital importance in times of emergency.
SiriusXM Standard Across Subaru’s 2025 Models
SiriusXM’s standard availability in Subaru follows the introduction of SiriusXM with 360L to Subaru’s vehicle lineup earlier this year. SiriusXM with 360L combines satellite and streaming content delivery into a single, cohesive in-vehicle entertainment experience.
Corus Of Concern: Q4 Forecasts, Wider Q3 Loss Cloud Company
Its share price is down by upward of 90% since July 2023. Myriad issues have impacted Corus, including the failure to simulcast CFQR-AM on an FM signal in Calgary. Now, the company has reported weak fiscal third quarter results and has issued a warning with respect to its Q4 revenue.
New York Tri-State Radio Pirate Landlords Get Warned
The FCC’s Enforcement Bureau late Thursday issued warnings — but not Notices of Apparent Liability for Forfeiture — to thirteen individuals landowners in the New York metropolitan area for apparently allowing unlicensed radio broadcasts from their respective properties.
Townsquare Media Selects Q2 Results Reveal Date
The radio station owner known for its "Local First" strategy and digitally delivered revenue has announced when it will release its financial report card for the second quarter of 2024.
A Pretty Deal For La Guapa In Colorado
Benjamin Nava is on his way to becoming the owner of an FM radio station presently offering Classic Country tracks to listeners in the Fort Collins-Greeley, Colo., market.
Ichikawa Family Continues In Radio With Twin Tiers Deal
Gordon Ichikawa, who headed Tower Broadcasting, died unexpectedly on December 2, 2023 while snorkeling in Aruba. With his passing, Dawn Ichikawa was immediately appointed as the executor of her husband’s estate. Now, Ms. Ichikawa has decided to continue Gordon's legacy.
Fresno’s ‘Radio Punjab’ Home Is Spun
An individual associated with "Radio Punjab," a South Asian radio network largely found along the West Coast of the U.S., has signed off on the sale of a Class B AM radio station serving the Fresno market. What will Moreno Equities do with the station that signed on the air in 1962 as KLIP?