More than two years after a Medford, Ore.-based talk radio programming syndicator filed an antitrust complaint against Cumulus Media and its Westwood One national radio operation, an action that was dismissed by the U.S. Bankruptcy Judge that approved Cumulus' reorganization plan, the fight started by Mark Masters has entered its next phase.
Fifteen years ago, Emmis Communications agreed to a partnership with Sinclair Telecable to acquire six radio stations in the Texas state capital for $105 million. This deal gave Emmis a 50.1% controlling interest in the stations, with Sinclair Telecable taking the remaining 49.9%. Now, Sinclair Telecable has invested nearly $1 million in an FM translator with nearly full market coverage. What does Sinclair have in mind?
Spurring growth in the relatively flat radio industry is a priority for owners and operators. Could subcap relief from the FCC provide the spark station owners seek? Would such action, and/or the post-Chapter 11 reorganization of Cumulus Media and iHeartMedia, serve as a catalyst for attracting new capital to the industry? That was the subject of a Broadcast M&A panel session featuring two top radio industry executives conducted Thursday at the S&P Global Media Intelligence 35th annual Radio & TV Finance Summit.
Should a "next generation ad server" focused on digital audio advertising solutions be part of the long-term growth plan for a radio broadcasting company? One San Francisco Bay Area operation, now owned by Pandora, believes so. RBR+TVBR spoke with AdsWizz VP/Product Erik Barraud to learn more about its programmatic solution for online audio, and why AM and FM stations may wish to follow iHeartMedia and Rogers Media's lead to further monetize their audio streams.
The individual who ascended to the role of Digital PD of iHeartMedia's San Francisco Bay Area station group in April 2017 following stints at such internet players as Stitcher has just been elevated to a corporate-level podcast-focused executive role.
Just shy of two years ago, Editor-in-Chief Adam R Jacobson agreed to take over the reins at RBR+TVBR. In doing so, he pledged that RBR+TVBR would not be another of the many radio industry trade publications to continuously offer glowing commentary about the "great" state of the business. Guess what? He's got something to say about the "pathetic" lack of presence radio presently has in two markets ripe for opportunity.
How is artificial intelligence helping PDs, News Directors and program producers to create more compelling content, while gaining a leg up on their competition? The PDs of Sports Talkers in Denver and Washington, D.C., have some answers, and they've decided to share them in a free webinar scheduled for June 26.
There's some great radio across the English-speaking world. These efforts were honored Monday night at the annual New York Festivals International Radio Program Awards, which salutes the "World's Best Radio Programs." Among the award winners are Westwood One and CBS Radio News.
Here's a bit of news that's a long time coming: shares for the nation's second-largest radio broadcasting company by number of stations improved 3.5% in Monday's trading — to $15. Volume was scant, however, at just 132 shares traded. What other ups and downs were seen on Wall Street? iHeart is down on more bankruptcy-related news.
In mid-May, a Class C3 facility offering “Super Hits of the ’60s and ’70s” in a rural part of Georgia sold for more than a half-million dollars. The format also aired on a Class A simulcast partner, and that facility is now being sold. It's our lone deal up for discussion in the latest edition of TRANSACTIONS TODAY.
It's been an incredible June for a broadcast TV station company with its roots in the Scranton-Wilkes Barre market. Nexstar Media Group's shares have soared by more than $10 a share since June 5. If the growth continues, a new all-time high could be seen in a matter of days.
Brace yourselves, TV industry C-Suiters: Americans are spending less time with most major media, new research from eMarketer indicates. There's one major exception, however, and this could be a plus for broadcast TV stations already savvy with streaming.
Tuesday proved to be another winning day on Wall Street for CBS Corp. At the Closing Bell, the company's stock was up another 16 cents, to $56.47 — its highest closing price since late January. The gains came despite an effort made yesterday by National Amusements Inc. and controller Shari Redstone for a stay in the CBS shareholder suit.
A digital audio advertising platform connecting national, regional and local advertisers to a potentially global audience will soon have much closer access to important decision-makers from Santa Monica to beautiful downtown Burbank. At the same time, it also hopes to be a key player in bridging the gap between brands and multicultural consumers across the U.S.
There is lots of movement in the latest Media Monitors Spot Ten TV report, which puts a formidable health and beauty brand at No. 1. Meanwhile, two automotive dealer associations revved up their engines in the week leading up to Father's Day. Want to know all of the details?
It's another big week for this home improvement retailer on the Media Monitors Spot Ten Radio report. What other brands are big on AM and FM stations in mid-June? Click here to get all of the details!
This Media Information Bureau installment is one that featured columnist Ken Benner promises will be welcomed by all stations with FM translators. It offers two significant items of interest: a source of information to determine compliance, and a means to self-certify and, quite frankly, save a good chunk of money.
Internet and digital news for the broadcasting industry.
Internet radio broadcast solutions provider Spacial Audio, acquired in 2009 by Triton Digital, has formally launched its SAM Broadcaster Cloud mobile app for both iOS and Android mobile devices. This enables broadcasters using the SAM Broadcaster Cloud to monitor and execute all aspects of station operations from their mobile device.
Five key executive-level management positions aimed at "maintaining aggressive global revenue growth and profitability" have been solidified at a company that has taken an aggressive role for both radio and TV in the post-spectrum auction repack process.