In Reply Comments submitted earlier this week to the FCC, CMG and broker/trustee Elliot Evers state that poor economic conditions present an opportunity, with precedent, for the Commission to extend a divestiture deadline tied to Apollo's majority ownership acquisition of Cox Media Group.
With Audacy Inc. shares just five cents higher than where they sat on January 4, the company's Chairman and President/CEO has acted by acquiring nearly 120,000 shares of stock in the audio content and distribution company he leads.
Clark Smidt is selling spots, playing the hits of yesteryear and just launched a direct mail campaign to 7 "hot ZIPs" within the listening area of a New Haven-market AM left for dead by its previous owner. Is WATX a hobby, or is it an incubator designed to demonstrate why a licensee should never give up, and avoid turning in the license of a forlorn AM property? This InFOCUS Podcast has the answer. LISTEN HERE
On October 28, RBR+TVBR first reported that the company founded and led by Jeff Smulyan had earmarked as much as $5.2 million to invest in a long-awaited stock repurchase initiative — one intended to take up to two million Class A Emmis Communications shares out of public hands. The stock buyback effort fell short of that goal.
Some 28 months ago, Audacy Inc. Alternative stations addressed complaints among listeners that its commercial breaks were too long. In response, its "ALT" properties adopted a "2 Minute Promise." Now, Audacy has abandoned it. The reason? Rising advertiser demand.
There are two huge users of Spot Radio that stand out, once again, in the latest Media Monitors Spot Ten Radio report.
Spanish Broadcasting System wants the FCC to deny a waiver request submitted by Cox Media Group that would give the Apollo Global Management-controlled company more time to sell an FM radio station in Orlando and in Tampa, respectively. Why? SBS made an offer in Orlando, and believes that a deadline is a deadline with respect to necessary Commission-enforced divestment.
During Wednesday night’s awards, Alejandro Ortiz, executive creative director at Campbell Ewald Detroit/NY, was announced as the chief judge for the 2022 Radio Mercury Awards. Additionally, it was announced that the Creative Use of Nonbroadcast Audio category ended in a tie, resulting in two winners.
Where is the revenue heading for terrestrial radio? That question was the first to be answered by a Forecast 2022 panel moderated by noted media ecologist Jack Myers, of Media Village.
It's about time. One of the most prolific users of spot radio has surged to the top of the latest Media Monitors Spot Ten Radio report.
When it comes to D.C. activities of significance to broadcast media, there is perhaps no bigger topic of conversation today than the nominations of Jessica Rosenworcel to serve as the full Chairman of the FCC and the selection as a Democratic nominee for FCC Commissioner of Gigi Sohn. Sohn’s chances of winning a seat on the Commission is vitally important, and a Forecast 2022 session tackled the subject.
"Our third quarter results evidenced continued solid financial performance as we again delivered double digit growth in both net revenue and adjusted OIBDA, driven by the strong growth of our radio business," said Raúl Alarcón Jr., Chairman/CEO of SBS.
New York Festivals Radio Awards honors storytellers from around the globe. Since 1957 NYF has celebrated excellence and innovation across all genres and platforms, keeping pace with industry-wide developments and global trends.
A Class B AM serving the Gateway City as a Sports Talker since April 1993 is changing hands. The transaction has been in the works for months, and led to the August resignation of John Hadley as General Manager over "poor communication" between him and the incoming owner.
Twelve months after escaping a hostile takeover bid, Cogeco remains a major media force in the markets where it owns stations, including Montréal. And, thanks to the ongoing recovering from a difficult pandemic, the company's revenue grew by nearly 5% in its fiscal Q4. The problem? Adjusted EBITDA declined by 2.1% as Free Cash Flow tumbled by 34%.