The nation's No. 1 owner of broadcast radio stations is again extending a somewhat complex series of private offers to its bondholders— exchange offers and consent solicitations for each issue of existing notes originally set to expire on April 14. Why? Discussions with note holders regarding the terms of the exchange offers are still ongoing. What does this mean for iHeart?
With its tax-free, Reverse Morris Trust-fueled merger with CBS Radio on track, one would think Entercom and its leader, David Field, would be the new darlings of Wall Street. As Wells Fargo Securities Senior Analyst Marci Ryvicker notes in RBR+TVBR's Spring 2017 NAB Show Special Report, Field will be the radio industry's "clear leader" following the deal's closing. Why, then, is Zacks Equity Research asking if Entercom is "positioned for a slump?" Perhaps a dividend analysis from Capital Cube can point to the answers.
The role of Digital Program Director has grown in importance for many broadcast radio companies, including iHeartMedia. The nation's top owner of AMs and FMs by station count just appointed another individual to its growing roster of employees bearing this title, as Rob Whiteside will now serve in the role for its Virginia/Carolina Region, effective immediately.
Tracey Rogers is trucking east from Memphis for a new position in Music City. Effective immediately, Rogers has taken the VP/GM role at Nexstar Media Group's ABC affiliate in Nashville, WKRN-2.
The EVP and Chief Investment Officer of Horizon Media is taking a top ad sales role at both FOX News Channel and Fox Business Network. She begins her new duties on May 22.
In a move directly correlated to its tax-free, Reverse Morris Trust-fueled merger with CBS Radio, Entercom has hired the President/CEO of the San Diego Padres to serve as its brand-new President of what is to be called "Entercom Sports." Dee, who has been an executive with the Miami Dolphins and Boston Red Sox, is relocating to Philadelphia to take the job.
Fox Networks Group (FNG) is welcoming two new individuals to its Global Solutions team, with each taking newly created SVP roles for the sales division. One of the new hires once worked for USA TODAY. The other new hire has worked for the New York Mets baseball club.
Video monetization technology and services provider Ooyala has appointed a high-tech business leader with nearly three decades of its experience to serve as its new CEO.
Broadcast transmission tech firm Electronics Research has appointed a Television Account Manager and, concurrently, a Radio Account Manager for the Western Region.
iHeartMedia has been forward-thinking in its creation of a Digital Program Director to take up cross-platform advertising and marketing opportunities at some of its biggest market clusters. In the San Francisco Bay Area, the company has turned to a veteran who has worked as such internet players as Stitcher, and at such now-defunct legendary radio stations at WNEW-FM 102.7 in New York.
The nation's leading radio company by number of stations has created a position for an individual charged with convincing advertisers, brand managers and CMOs why its cross-platform opportunities matter when achieving strong ROI is the goal.
WAVA's Station Manager has been tapped to succeed David Ruleman as the head of Salem Media Group's Washington, DC cluster. Ruleman is set to step down, ending a career that began in 1968.
Prior to Greater Media's merger acquisition with Beasley Broadcast Group, this individual held the role of Director of Digital Operations. Now that he's been a part of the Beasley business family for five months, he's been promoted.
The individual taking the post built and oversaw the global curation teams responsible for the "Moments" Twitter feature.
A R&O allowing it is on the FCC's Open Meeting agenda; Raycom head talks up ATSC 3.0 at Thursday Senate hearing on NAB's behalf