Want to operate a pair of noncommercial radio stations, which are simulcast partners, in one of the biggest markets in the world? Cal State University Northridge no longer wants to operate its Adult Alternative KCSN-FM and the station in south Orange County it manages for Saddleback College, KSBR-FM. A "Request for Qualification" has reportedly been issued by the public institution of higher learning.
As part of a plan to gain cash from the sale of underperforming assets, Salem Media Group agreed to sell a selection of its radio stations to Relevant Radio. Three separate deals were consummated in 2019, and two of these transactions have just formally closed. The news comes straight from the broker of record involved in this deal.
In April 2017, "Northern Michigan's Preferred Classic Rock" station returned. The move brought a "Bear" back to one of the more picturesque places in the state, including city of license Cheboygan. Now, the FM station bearing the "Bear" brand is being sold.
A boo-boo made in Urban One's first quarter results, which also impacted its Q2 financial report card, has led the Washington, D.C.-based media company superserving African American consumers to restate its earnings for the first half of 2019. The error is the result of an "out-of-period tax provision adjustment" of approximately $3.4 million in Q1, an SEC filing notes.
In May 2013, Bruce Mittman and Jim Leven (pictured) agreed to acquire a group of radio stations in the Twin Tiers region of Western New York and extreme North-Central Pennsylvania. Just shy of six years later, their company, Community Broadcasters, left the region. Now, the company is exiting a region of Upstate New York roughly an hour to the south of Canada's national capital.
At 3pm Eastern on Tuesday, Salem Media Group's third quarter fiscal report card arrived — with a thud. Net broadcast revenue and digital media revenue each declined year-over-year. Broadcast operating expenses inched upward. Operating income swung to a loss.
Over the last several months, the Jeff Andrulonis-led Colonial Media + Entertainment has shifted its focus on radio properties serving the Carolinas, and away from the southwestern portion of New York State. Now, the last of Colonial's Twin Tiers FMs is being spun, an Asset Purchase Agreement dated Oct. 30 just filed with the FCC indicates.
TRANSACTIONS TODAY last week shared the news that the nation's only farmer-and-rancher-owned radio association reached an agreement to purchase seven additional radio stations in Nebraska. The deal included six stations serving the Scottsbluff area. It turns out the association won't be keeping one of those properties.
At Forecast 2020, meet the companies that are ushering in the "Golden Age of radio attribution" at a session being led by Westwood One and parent Cumulus Media Chief Insights Officer Pierre Bouvard. Best of all, you’ll have a chance to ask questions of a panel of experts, live and in person, in a high-value learning and networking opportunity.
A bill that passed the House in October and is currently up for consideration in the Senate may be of interest to those seeking to limit litigious activities -- and payments -- in the years to come. Introducing the Copyright Alternative in Small-Claims Enforcement Act of 2019.
In an uncommon move announced just hours before analysts and investors were set to receive them, Salem Media Group on November 6 shelved the distribution of its Q3 earnings results until further notice. The company is now ready to present its numbers to investors and analysts.
Last Tuesday, Mike Francesa was making headlines by announcing that he's leaving the afternoon slot at Entercom's WFAN-AM & FM in New York — again — come December. On Friday night, Francesa made headlines again — this time as the MC for the Radio Hall of Fame 2019 event.
A new decade is about to roar through the door. It’s time to throw out everything you think you know and start considering what you don’t know. Two amazing Keynote addresses at the exclusive Forecast 2020 conference provide the VIP opportunity to network and learn from industry leaders.
Entercom EVP/CFO Rich Schmaeling confirmed during his company's Q3 earnings call that the company -- on the 18th anniversary of the 9-11 terrorist attacks -- indeed was struck by a "cyberattack." He even offered a dollar amount, in the hundreds of thousands of dollars.
If there ever was a perfect time for one of the nation's most scrutinized media companies to deliver positive results, Q3 2019 was it. Entercom Communications delivered, beating Wall Street EPS estimates by 1 cent and surpassing its revenue prediction by $3 million.