A ‘Modest’ Target Price Reduction for SiriusXM
One year ago, SiriusXM shares were priced at $5.84. When 2024 comes to a close, a key financial analyst believes the company's shares should be priced at more than 50 cents per share less than that value. He explains why in an investor note released Friday morning.
A Radio Station Licensee Resolves Attributable Interest Change Concern
An Indiana broadcaster has entered into a Consent Decree with the FCC Media Bureau's Audio Division to resolve the licensee's transfer of control between the late Ken Kunze and a family member. The matter, which dates to August 2011, is now closed.
Royalty Payment Distributor To Audit iHeartMedia, Pandora
The nation's No. 1 owner of broadcast radio stations has received notice from the Mechanical Licensing Collective of the organization’s intent to audit its records over royalty payments. The audit will examine the accuracy of payments from the iHeartRadio app for the first three years of the MLC’s blanket license.
FCC Moves Ahead With ‘Local Journalism’ NPRM
Jessica Rosenworcel in November unveiled a plan that would begin a proceeding “to advance the Commission’s longstanding policy goal of supporting local journalism and broadcasters’ commitment to meet the needs and interests of local communities.” That's now happening, despite GOP opposition.
Ex-FM Translator Licensee Gets A Big Proposed FCC Fine
The licensee of an FM translator serving Birmingham, Ala., that agreed to sell the facility in June 2020 has been handed a Notice of Apparent Liability for Forfeiture from FCC Media Bureau Audio Division Chief Al Shuldiner for operating the mini-FM at a variance from its license without the Commission's OK.
CMG CFO Exits To Join Live Entertainment Logistics Firm
The EVP/Chief Financial Officer for Cox Media Group has departed the Apollo Global Management-controlled owner of radio and TV stations to take a similar role at a live event entertainment logistics and high net worth shipping and freight company.
Host’s Amended Court Complaint Against OpenAI Lives
In a one-page order, a Gwinnett County Superior Judge has given the go-ahead for attorneys representing the host of a Salem Radio Network Sunday night syndicated talk show and podcast focused on Second Amendment rights to proceed with a defamation lawsuit against the maker of ChatGPT.
Six Promotions Come To Audacy Local Leaders
Las Vegas and New Orleans are among the markets where Audacy Inc. on Tuesday revealed new SVP/Market Managers, while there is a new VP of Sales for the company's Dallas-Fort Worth stations and more responsibilities for a trio of Regional Vice Presidents.
The InFOCUS Podcast: Rob Quicke
A new book, “Finding Your Voice in Radio, Audio, and Podcast Production,” seeks to provide a textbook designed to "teach Radio" to college students interested in a career in audio content creation and production. What can students learn from a textbook? RBR+TVBR's Adam R Jacobson finds out in this fresh InFOCUS Podcast, presented by dot.FM. LISTEN HERE
KQED Receives World Radio Day Award
The No. 1-rated spoken word radio station serving the San Francisco-Oakland market, a perennial standout NPR Member, has been selected as the recipient of the fifth annual World Radio Day Award, given annually to a radio station in the U.S. by the Academy of Radio Arts & Sciences of America.
Canada’s Corus Starts Fiscal 2024 With A Thud
How did Corus Entertainment fare in its fiscal first quarter of 2024? Not as good as it did one year earlier, putting added pressure on the owner of broadcast radio and MVPD-distributed television offerings.
Bell Media Parent Readies Q4 Results As CHUM Claims Dye
The parent of broadcast media company Bell Media, which enjoys a close relationship with iHeartMedia for its radio stations across Canada, has announced when it will hold its Q4 2023 and 2024 guidance call for investors and analysts. What can those with shares in BCE Inc. expect to hear?
Radiodays North America Lures CRTC Head
In 2022, in the 41th year of Canadian Music Week, a radio industry conference that largely attracted European talent, programming and management leaders to a continental affair expanded to Canada. Now, Radiodays North America is returning for a reprise. And, the CRTC's CEO will be there.
With Quick SoFla Success, iHeart Brings ‘Magic’ To SWFL
The facility with the call letters WZJZ is taking a cue from WHYI's sibling by adopting a "Only in Florida" Soft Adult Contemporary format with Spanish-language hosts and commercials.
Audacy Reorganizes Its Hip-Hop, R&B Station Leadership
As Audacy Inc. works through its prepackaged Chapter 11 reorganization in a Houston federal bankruptcy court, the Philadelphia-headquartered company on Thursday unveiled "new organization and leadership updates" for its Hip-Hop and Adult R&B-formatted radio stations.