Townsquare Media Group

Townsquare Opts For A New Accounting Firm

Since Jan. 31, 2019, Bill Wilson has been the lone CEO. As such, it may not be too surprising to see Townsquare Media make a change with certain corporate-level needs. On June 13, such a change came, with Townsquare naming a new independent registered public accounting firm.

Access.1 Officially Exits Radio Station Ownership

In 2003, a media company primarily known for its radio holdings and its leadership by an African-American woman attracted the industry’s attention. Today, this company has just shed its last two broadcast holdings, which had been operated by Alpha Media.

Second EEO Audit Letters Dispatched At Random To Radio

On Thursday, the FCC's Enforcement Bureau sent its second group of Equal Employment Opportunity (EEO) audit letters for 2019 to randomly selected radio stations. What are the radio stations included in this audit? The Bureau shared the details on Tuesday.

Gen Media Partners Goes To School With Video News

Here's an announcement that doesn't require a bell ring from the Principal's office. Gen Media Partners (GMP) is launching a video news program for middle and high school students, educators, and parents.

A Leaner Emmis Sees Its Shares Skyrocket

The last week on Nasdaq has certainly been exciting for Emmis Communications. On June 10, the company confirmed that it is saying goodbye to the capital of the Lone Star State. That excited investors, and that enthusiasm hasn't ebbed. But, is that a "YES" vote for a N.Y. move?

‘The Steady Reach of Radio’: Audio Today, As Nielsen Sees It

Nielsen's newly released June 2019 Audio Today report is chock full of fresh insights regarding listening trends, including how consumers are using podcasts and smart speakers. It's yet another report showing that radio reaches more Americans each week (92%) than any other platform.

Digital Saves The Day For Radio Ad Growth Trends

Ten key U.S. findings were highlighted in the just-released summer 2019 update of MAGNA advertising forecasts, authored by MAGNA EVP/Global Market Intelligence Vincent Letang. For owners of broadcast media properties, the biggest learning involves radio.

Home Improvement Retailers Can’t Be Quieted At Spot Radio

There are two big takeaways from the latest Media Monitors Spot Ten Radio report. First, the home improvement retailer category continues to be one of the biggest for AM and FM radio stations. The second involves QSRs, and the use of spot radio by two big hamburger chains.
Townsquare Media Group

Townsquare Shares Are Sliding Again

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.

Texas Deal Sees Eagle Flight, To God’s Delight

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.

Consent Decree Clears Path To Alaskan Noncomm Sale

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.

Cumulus Upsizes Its Multi-Million Dollar Note Offering

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.

Entercom/Buffalo Broadcast Hero To Receive Medal Of Honor

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.

Hearst Head To Chair NAB Joint Board

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.

Beasley Stock Hits A Fresh Five-Year Low

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.

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