Vertical Bridge, the Boca Raton, Fla.-based privately held owner and operator of broadcast towers, has successfully issued $72.2 million of secured tower revenue notes in a private asset-backed securitization transaction.
Tuesday brought mixed trading to Wall Street as the Nasdaq index finished at 7,200.88, just 0.01 points higher than on Veterans Day. The Dow Jones Industrial Average was down 100.69 points, however, to 25,286.49. So was Beasley Media Group stock, which fell below an important threshold and is now at its lowest price in more than two years.
The fall 2018 population rankings from Nielsen Audio are now out, and if there is one thing that is noteworthy about the updated market rankings, it is this: Central Florida is flourishing with population growth.
Corporate social responsibility is growing in importance for many consumers, and companies across the U.S. are taking action -- including some of the biggest broadcast media companies. Entercom Cares is a recently launched platform tied to various community engagement initiatives, and a newly hired VP/Social Impact is set to oversee Entercom's activities in this arena -- and on Capitol Hill.
Donald J. Vucasovich is a name that's not widely known among radio historians or, for that matter, many who believe they know a thing or two about the "legends" of broadcasting. Media Information Bureau featured columnist Ken Benner feels otherwise, and offers this tribute to a most gifted individual whose career includes many years on the AM radio dial in Big Sky country.
CBS White House correspondent Major Garrett will host a live taping of “The Takeout” with political satirist Will Durst during the Forecast luncheon on Wednesday at The Harvard Club in New York. Forecast is the radio industry’s annual financial and forecast summit and features, among others, an interview with the heads of Entercom and iHeartMedia.
With great fanfare, a Milwaukee radio leader who recently exited what had once been Journal Communications' flagship properties announced he's launching a brand-new company intent on acquiring properties across the Great Lakes Region. But, why? Who is bankrolling the initiative? Is this region ripe for monetization? Tom Langmyer shares all in this exclusive RBR+TVBR interview.
When it came to acquiring new custom creative audio imaging production libraries for all of its radio stations, Saga Communications opted to launch a company-wide creative branding initiative, effective Jan. 1, 2019. In the end, a Glendale, Calif.-based radio imaging and voiceover services company known for its production libraries, programming and jingles was hired to do the job.
RBR+TVBR featured Media Information Bureau columnist Kelly Orchard returns with a tale that involves the leaders of tomorrow. The final weekend of October was spent in Seattle, at the College Broadcasters Inc. (CBI) conference. "I discovered that these young college students are excited about the prospect of getting a radio job," she writes. Holy Pandora, Batman! What's more, Orchard says there's much radio's leaders can learn from today's university students.
Forecast 2019 is extremely pleased to announce that Bob Pittman will be joining David Field for a closing session you won’t want to miss. Forecast will be presented next Wednesday, November 14, at the Harvard Club in New York City. Just three seats remain as of midday Friday.
A SVP and regional manager for Nexstar Media Group with oversight of operations for 32 stations in 15 markets has just joined the nation's leading Hispanic media company. With experience in Michigan and Indiana, this pro will now be charged -- initially -- with leading both Univision's radio and TV properties in Los Angeles, New York, Miami, Dallas, Houston and Chicago.
It's very clear that several media companies, many of which are in broadcast TV, are strongly benefiting from millions of dollars in political advertising tied to the biggest midterm election season in recent memory. Salem Media Group is one of those companies. But, political profits may not solve Salem’s slump. The company revealed late Wednesday, along with largely positive Q3 results, that it isn't expecting its revenue to grow in Q4.
The Gracie Awards, presented by the Alliance for Women in Media Foundation (AWMF), has opened the call for entries for the 44th Annual Gracie Awards Gala and Luncheon. Here's all you need to know about how to submit your nomination, and when each of the events will be held in 2019.
There are a handful of privately owned companies that have been active buyers over the last 24 months. Among them is High Plains Radio Network, the Texas-based company led by Monte Spearman. HPRN has expanded again. This time, it is acquiring an AM/FM combo in its home state.
With 600 affiliates in Upper Midwest, Weatherology has established itself as a 24/7 weather reporting service of choice. Now, Cumulus Media-owned Westwood One believes stations across the U.S. can also benefit from what Weatherology has to offer.