If one were to look at Entercom shares right now, they may express extreme concern. What's the outlook for ETM? Look no further than Kippington Capital Management, an investment adviser whose objective is the most effective compounding of client capital over multi-year timeframes. They've analyzed Entercom, and here's what they have to say.
"Something is in the works ... seriously ... it is ... so stay tuned ... we're not dead yet," the proprietors of "The Talk of Atlanta" promise on their website. However, one in-the-know local media observer reports the station has suffered from investors who have pulled out their dollars due to COVID-19 pandemic worries, in addition to a lack of any new ad dollars.
On March 17, venerable Talker KFMB-AM in San Diego effectively became an iHeartMedia station thanks to an LMA with the company that had literally just obtained it from TEGNA. It is now confirmed that iHeart is purchasing the station. Kalil & Co. represented the seller. How much is it paying for the property?
In this RBR+TVBR Observation, our Editor-in-Chief hails a show of unity among radio stations in Europe and Great Britain seen Friday morning — a move designed to lift listener morale as millions of radio consumers have shifted their usual routines, and social lives -- to help combat the further spread of the coronavirus. He also asks why U.S. radio broadcasters haven't done the same.
As part of Beasley Media Group’s ongoing We Are All in This Together "Community of Caring" initiative, the radio station owner, eSports franchisee and podcast producer is teaming up with Borrell Associates to present five complimentary 30-minute webinars on Tuesday and Wednesday focused on crisis marketing for local businesses impacted by the current coronavirus situation.
In July 2017, a Chicago-based entity led by Richard Bonick quietly acquired a FM translator licensed to Mt. Holly, N.J., from Rowan College at Burlington County for $125,000. Now, Bonick's Spectrum Development Group is cashing out in a big way with the sale of the facility.
Starting Monday, Cumulus Media will have a new EVP/CFO in place. While news of the appointment arrived Thursday, an SEC filing made Friday revealed just how much Cumulus' newest C-Suite executive will make. The filing also disclosed CEO Mary Berner's new employment agreement and salary.
"In light of the current circumstances, it is impossible to hold a rescheduled 2020 NAB Show this year," says NAB President/CEO Gordon Smith. That said, the NAB is proceeding "with a two-pronged approach to deliver as much value as possible under these circumstances to our exhibitors, partners, and the broadcast industry as a whole."
The author of the book "Leadership Endurance" is hosting a free video conference on Wednesday to help radio and other leaders cope with the COVID-19 pandemic. Concurrently, the Managing Partner of InTown Media is asking a select group of broadcasters to join him in a short beta of a new weekly online video meeting for broadcasters who are isolated and working from home.
An AM radio station with a rich heritage of serving the famed town of Deadwood, S.D., in August 2019 was sold to a husband and wife and their 4 Paws Broadcasting from 37-year owners Al and Jeanne Decker. Now, this Class B is being dealt to a nationally renown broadcast company based six hours to the east, in Yankton, led by Carolyn and Doyle Becker.
There are few radio industry luminaries who have captured the attention of all as Randy Michaels has. Among his achievements is the formation of Radioactive LLC, comprised of FM stations in some of America's smallest cities. Now, Michaels is selling one of the FMs in his stable -- a silent facility that was operated by Rocking M Media through early December.
New York Festivals Radio Awards will announce the 2020 award winners on April 21. Among the finalists are CBS News Radio, which was singled out for a documentary and for breaking news on the Notre Dame cathedral inferno; Alabama Public Radio; SiriusXM; and Westwood One's syndicated "America in the Morning" program.
Kevin Ryder, Allie Mac Kay and Jensen Karp were each fired via individual phone calls from Entercom-owned KROQ-FM in Los Angeles on Tuesday. A new lineup was released by the company on Wednesday morning. Meanwhile, Ryder has taken to Twitter to express his thoughts over the unexpected job loss as COVID-19 concerns have fueled layoffs across multiple industries.
Looking for a single place to find coronavirus pandemic news as it impacts community after community in the U.S.? There's an app for that.
At Noon PT on Tuesday, KFMB-AM in San Diego concluded its run as an News/Talk station under TEGNA ownership and, before that, as a Midwest Television-owned property. But, there is most certainly a spoken word future for the venerable station serving America's Finest City. It's thanks to iHeartMedia.