PJT: Three Key Letters For Radio’s Biggest Players
PJT Partners became known for its role in the Chapter 11 bankruptcies of iHeartMedia, Cumulus Media and, most recently, Audacy Inc. Now, there are fresh rumblings that PJT, which tussled with iHeartMedia in early 2018 over its post-bankruptcy plan, is engaging once again with the company.
JAM Jilted: Bankrupt Radio Station Owner To Find New Buyer
On May 1, Local Daily Media's parent agreed to purchase six FM radio stations and an FM translator in a deal agreed upon by the trustee overseeing JAM Media Solutions’ bankruptcy. That Time Brokerage Agreement was tied to an outright purchase. Now, RBR+TVBR has confirmed the deal is dead.
SBS, After A Lengthy Delay, Reveals Q4, FY 2023 Results
The company founded and led by Raúl Alarcón Jr. late Wednesday filed its Q4 and full-year 2023 earnings. How did SBS do in the final quarter with Chief Financial Officer José Molina, who resigned two weeks after accountancy Crowe LLC was replaced by EisnerAmper LLP?
NAB Cancellation: Robert De Niro Nixed From Service to America Awards
On Tuesday, the NABLF revealed that Robert De Niro has been selected as the recipient of the 2024 Service to America Leadership Award and would be honored at a June 4 event in Washington. One day later, the NAB rescinded the honor, citing "recent high-profile activities" it believes will create "a distraction."
Radio: Still The Most Popular Audio Platform
Research fielded online in January finds that Radio is still the most popular audio platform. But the continued popularity of AM/FM comes as consumption of streaming audio services remains heavy. As such, the combined strength of linear and digital audio is the story marketers need to acknowledge.
Telemundo O&O Brings NEXTGEN TV To Tucson
A new ATSC 3.0 "lighthouse" has been lit, and it will allow those capable of accessing NEXTGEN TV signals on their devices to access live and local channels serving Tucson and Nogales, Ariz., with better sound and improved picture quality.
Radio Industry Leader, Auto Dealer Scott Ginsburg Dies
In 1983, he acquired his first radio station outside of Florida: WCFL-AM in Chicago. The $8 million deal was the first of many big deals involving Scott K. Ginsburg. Ginsburg would exit the radio industry in 1998, founding a Dallas-area luxury automobile dealership. RBR+TVBR has now confirmed Ginsburg's passing.
The InFOCUS Podcast: Woody Powers and Bobby Adan
What makes Colorado Springs morning hosts Woody and Bobby standout air personalities in a world where syndicated wake-up shows and reduction-in-force initiatives due to tough economic realities dominate the headlines? Find out in this fresh InFOCUS Podcast, presented by dot.FM.
Are iHeartMedia Creditors Getting Anxious Over 2026 Loan Repayment?
With shares tumbling in price over the last month, there's chatter in financial circles that some iHeartMedia creditors have retained financial and legal advisers over concerns the company's revenue dip may lead company leaders to engage in a debt restructuring.
EMF Reveals Plans For Newest Acquisitions
On March 21, the parent of Christian music networks K-LOVE and Air1 shared that it was acquiring four FMs from Salem Media Group in a transaction valued at $7 million. Now the deal has closed, and Educational Media Foundation is sharing what its programming plans are for the stations.
A Year-Over-Year Radio Revenue Reduction, Affirmed By BIA
BIA Advisory Services last week in a blog post shared its Top Ten Radio Owners by Revenue rankings for 2023. The top three slots are the same as they were in 2022, 2021 and 2020. However, the bigger story is the year-over-year decline revenue seen by the nation's biggest companies.
A New Indy Leader for iHeartMedia
Leon Williamson has been elevated from SVP of Sales to Indianapolis Market President for iHeartMedia.
This puts Williamson in charge of five stations.
Another Nasdaq Delinquency Warning For Urban One
The multimedia company superserving African American consumers has until June 7 to file its 2023 annual report and Q1 2024 earnings with the Securities and Exchange Commission — or submit a plan with Nasdaq — in order to regain compliance with the stock exchange's trading rules.
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A New Day Comes For ‘Buenas Nuevas’
Today is the final day for the good news, en español, at a broadcast operation serving evangelical Hispanics in Memphis. That's because a Time Brokerage Agreement goes into effect June 1 ahead of the sale of the Class D daytime-only AM operation and its all-important FM translator.
Trexquant Takes A Bigger Stake in Gray Television
A quantitative finance firm that uses machine learning to create market-neutral equity portfolios and seek profit from the market greatly increased its stake in Gray Television during the fourth quarter of 2023, a fresh SEC filing shows.
Gray Television Selects Its Next Augusta GM
After 33 years at the two stations in Augusta, Ga., owned by Gray Television, Mike Oates — who has served as General Manager for the last seven years — is retiring. We now know who will be succeeding him at the CBS and NBC affiliates.
AMG Offerings Arrive On Amazon Fire TV
It's no secret that free ad-supported streaming television channels are gaining in popularity. Among the companies banking on fast growth is Allen Media Group. Now, three AMG streaming brands are available on one of the biggest FAST channel platforms in the U.S.
Georgia Ruling Leads Salem To Stop ‘2000 Mules’
While Salem Media Group may best be known for its radio stations, it was also the parent until the end of 2023 of Regenry Publishing — the publisher of voter fraud-focused "2000 Mules." Now, in the wake of a Georgia Bureau of Investigation ruling, Salem has cut all ties to the Dinesh D'Souza work.
Time’s Ticking: Vote Today For ‘Broadcast Best Finance Leaders’
RBR+TVBR, the publication focused on the business of broadcast media, has received dozens of suggestions from readers for the latest Broadcast Best Finance Leaders list. Do we have your suggested honorees? Take time today to submit your ballot, before it's too late.
Counter The Spread of Misinformation With NAB, NALEO
Earlier this month, NALEO Educational Fund, in collaboration with the NAB, hosted a summit designed to counter the spread of misinformation targeting Latinos. Due to the important nature of this topic, the NAB and NALEO will present a summary of that event at the Hispanic Radio Conference.
GBS Reveals First ‘ZoneCasting’ Applicants To FCC
Chris Devine's GeoBroadcast Solutions has revealed who the first wave of broadcasters are who have filed applications with the FCC seeking its regulatory approval to begin program origination on a limited basis from an FM booster — the lynch-pin to its "ZoneCasting" radio product.
Aiir Launches New Streaming Platform
An international software company created by Ricki Lee designed to help broadcasters "create radio" through its digital solutions for radio has launched a new streaming platform.
Midwest Regional Broadcasters Clinic Plans Revealed
The agenda has been unveiled for this year's Midwest Regional Broadcasters Clinic, which is joined this year by SBE's national meeting and awards. The regional affair scheduled for September 10-11 in Middleton, Wisc., is poised to be a big attraction for engineers.
DAS Teams With Inovonics On EAS External Monitoring
Broadcast television emergency communications specialist Digital Alert Systems is partnering with broadcast equipment provider Inovonics on a new joint product for those that seek external monitoring receivers for their Emergency Alert System (EAS) devices.
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