Townsquare Media is very lightly traded on Wall Street. As such, a small group of shareholders can determine the trajectory of its stock. With Friday's close, it is heading southward, and is near $5. That's only happened twice before -- and both times were within the last six months.
Thanks to a pair of transactions that have just been finalized, a Class C2 FM north of Houston is poised to become part of a network of stations made famous for its "God Listens" marketing campaign. The Classic Rock format on that FM? It's migrated to a new home.
Nearly one year ago a noncomm serving a rural Alaska town was slapped with a large fine for “numerous apparent violations” of FCC rules — many involving the EAS. Then came an FCC filing indicating a transfer of control of the station. Now, a Consent Decree will clear the way for new owners.
On June 11, RBR+TVBR was first to report that Cumulus Media planned an offering of $300 million in senior secured first-lien notes due 2026. It turns out that demand was a lot greater than the broadcast media company envisioned. It has upsized the offering.
Some Western New York radio listeners may only be familiar with David Bellavia for his role as an afternoon talk host, paired with Tom Bauerle. However, Bellavia is also Staff Sergeant in the U.S. Army. He's now receiving the Presidential Medal of Honor for a 2004 event in Iraq.
It's official: Beasley Media Group CEO Caroline Beasley's term has ended as chairman of the NAB Joint Board of Directors. She's passing the baton to the President of Hearst Television.
The travails of "BBGI," Beasley Broadcast Group's publicly traded shares on Nasdaq, have been well documented since it started a prolonged decline in value some 11 months ago. With Beasley set to go ex-dividend soon, investors may be asking if the stock can recover to $3.50 anytime soon.
The first regular feature will air June 18 on the Westwood One-syndicated program. It sees gaming "legend" Paul “Redeye” Chaloner join the host on his show on a weekly basis, chatting about gaming news, current standings, and new releases.
They may be the "platters that matter" to your listeners, but to those seeking royalty payments, they could also result in the "dollars that drain" for audio streams featuring songs from before 1972. However, two attorneys suggest radio stations that stream think twice before one ponies up three years of royalties under the new MMA provision.
Exchanging new debt for old debt is something commonly seen by companies seeking to reduce their leverage. That's exactly what Cumulus Media plans to do through an offering of $300 million in senior secured first-lien notes due 2026.
The nation's biggest owner of AM and FM radio stations has formally thrown its support to Nielsen Media Impact (NMI) and Continuous Diary Measurement (CDM) in Nielsen Audio’s diary-based markets.
The NAB has formally asked the FCC to explain an "unusual increase" in radio regulatory fees proposed in a "MD Docket" currently up for the public's input, saying that the jump is not clearly explained in the NPRM.
In the Tyler-Longview, Tex., market, four FM stations owned by an individual who is an ownership partner with Mike Huckabee are being spun. The deal will spur the creation of a six-station cluster of facilities targeting Christian listeners.
In 1990, "The Ray Lucia Show" made its on-air debut in "America's Finest City," as a local Talk program airing on Midwest TV's KFMB-AM in San Diego. In 2000, Business Talk Radio Network took the show nationally via syndication. Now, Ray Lucia is readying his farewell.
Nielsen Media Impact will enable Sun Broadcast Group to demonstrate the value that its unique audiences bring to an advertiser’s media plan and illustrate radio’s incremental reach, the nation's dominant ratings and consumer research firm said in a Friday morning announcement.