Audacy Sells Non-Essential Upstate S.C. FM To Norsan

Earlier in March, Audacy Inc. submitted for FCC approval an “engagement and assignment agreement” that saw the placement of a Class C3 FM licensed to Simpsonville, S.C., into a divestiture trust administered by Kalil & Co. Ten quick days later, Audacy has a buyer for WSPA-FM.

A Weak February For Media Deals

S&P Global Market Intelligence data for February show 96 North American M&A deals valued at $160 million. That, S&P Global says, is the sector's softest showing in M&A activity in 13 months. Even though that news is glum, there could be a bright spot for some.

The InFOCUS Podcast: Steve Jones

What excites Skyview Networks President/CEO Steve Jones about GenAI and its use at broadcast radio? What are the other big conversation topics he's expecting to discuss at the NAB Show? We find out in this InFOCUS Podcast, presented by dot.FM.
Stanley Pillman III

Discrimination Claim Filed Against Two NYC FMs

A former VP of Digital Operations and Monetization for Hot 97 and WBLS in New York is taking Mediaco Holding Inc. to court for alleged violations of the New York Labor Law and the New York Human Rights Law.
Money

A White-Label New Revenue Opportunity For Radio

Radio stations are always eagerly seeking new ways to drive more non-traditional revenue to the bottom line. Now, a white-label ticketing, marketing and discovery services opportunity has come to fruition, thanks to a partnership between Evvnt and a leading media workflow software provider.
CUMULUS MEDIA Stacked

Early Debt Swap Deadline Window Extended By Cumulus

On February 27, "Cumulus Media New Holdings" launched an initiative to extend its debt maturity by three years while increasing the interest rate by two percentage points. Now the first wave of that Exchange Offer and Consent Solicitation will see a second extension.

Relevant Radio Secures More Indiana FMs

An asset purchase agreement has been filed for FCC approval that sees Relevant Radio, the Wisconsin non-secular broadcaster, agree to acquire three FMs and two FM translators located in the state of Indiana.

Mundo Hispano Growth Will Include iHeartMedia Partnership

The digital arm of Rene Alegría-led MundoNow.com seeks to expand its content distribution while growing its revenue further. As such, it is teaming up with the nation's No. 1 owner of radio stations.

Capitol Broadcasting Reveals Three New VPs

Over the past year, Capitol Broadcasting Company has had multiple changes in leadership due to retirements. Now, the privately held radio and TV station owner has shared who is filling the roles of VP/Chief Financial Officer; VP of Human Resources; and VP of Radio, respectively.
Photo: Mike Hagerty / CapRadio

Could Sacramento’s PBS Member Station Assume ‘CapRadio’ Control?

The financial and operational struggle hasn't ebbed for CapRadio, and the public broadcaster's endowment leaders have proposed a wholesale transfer of control of its 7 stations. Who should become the new licensee? Look no further than the PBS station serving Sacramento.

Medallas de Cortez Nomination Window Now Open

Streamline Publishing is pleased to announce that the nomination window for the 2024 Medallas de Cortez is now open. The highly coveted awards, the only in the U.S. focused on Hispanic radio broadcasting, will be presented at the 15th annual Hispanic Radio Conference.

EMF Goes Fishing For Hawaii, Nashville Homes With Salem Deal

Salem Media Group is leaving Music City and taking its "Fish" with it. At the same time, it is saying Aloha to O'ahu. Who's the buyer? Look no further than the parent of the KLOVE and Air1 noncommercial CCM networks.
Money

BIA Expects Record Political Ad Spend in 2024

Some media industry observers have questioned if easy wins in primary races by President Biden and former President Trump would soften political ad spending this year. New data from BIA suggest that down-ballot and issues-oriented advertising will offset any presidential race spending cuts.

Jeff Warshaw’s Group Brings Country To Long Island FM

Some 29 months after Audacy switched a New York market FM from Country to classic Hip-Hop, Connoisseur Media has decided to bring the format to a portion of the market. A Long Island facility that in recent years has aired an Adult Hits format is now WWWF.

SBA Honor Yields A Celebration For A Las Vegas ‘Fiesta’

A locally owned and operated Spanish-language radio station offering banda and regional Mexican music to Southern Nevada from an FM translator atop Arden Peak in Henderson is celebrating its selection by the SBA as Nevada's "Microenterprise Small Business of the Year."