Friday was not a good day for Cumulus. A U.S. District Court judge rejected the refinancing plan Cumulus hoped would help reduce its $2.4 billion debt load. Here's what Cumulus had to say about the judge's ruling.
Radio again is enjoying a renaissance. We are experiencing this in spite of ever-increasing competition, new audio delivery systems, and continually emerging technologies that all compete for our listeners’ time. The delivery of our product via the FM band is the single most important factor in our continued success. Accordingly we need to protect it.
A new blog by NAB VP of Spectrum Policy Patrick McFadden details how the FCC's TV spectrum incentive auction points out how some radio stations might be impacted. For example, McFadden says, "many towers that are home to repacked television stations are also home to FM radio stations, which are not being repacked."
New findings from BIA/Kelsey's Local Commerce Monitor survey has uncovered good news from small- and medium-sized businesses. More than 60 percent plan to increase advertising and marketing spending in 2017. This group of higher-spending businesses, on average, is now using 20.8 different media and platforms, which includes a number of new online categories BIA/Kelsey is tracking for the first time.
Those are the words of CRS Executive Director Bill Mayne regarding the Country Radio Seminar last week in Nashville. "We have heard nothing but positive feedback from attendees and look forward to throwing an even better, more evolved, and fantastic seminar next year.” CRS 2018 dates have been set for February 5-7. Mayne (left) pictured here with Keynoter Scott Hamilton and CRB/CRS President Charlie Morgan.
On the weekly Media Monitors chart, GEICO came in at number one last week airing over 51,000 commercials on radio stations all across America. The Home Depot was second with 39,833.
KZIO-FM in Two Harbors, MN, is being sold from Red Rock Radio to Minnesota Public Media. Red Rock Radio, lead by Kathy Lau and Shawn Skramstad, also owns three stations in Minnesota. MPR, a regional operation of American Public Media Group, is lead by Jon McTaggart. Minnesota Public Radio owns over 40 radio stations in Minnesota and the surrounding areas. KALIL & CO. was the exclusive broker for this transaction.
Radio Ink is pleased to announce this year’s finalists for the prestigious Medallas de Cortez, the only awards dedicated to honoring the very best in Hispanic radio.
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McMaster posted his departure from the Townsquare station on Facebook, Monday. He said it was with mixed emotions that he wrote this post: "Today was my last day at WGNA. After more than 20 years of sharing my life with the greatest listeners of all time, this even to me, seems to be unbelievable'."
Rob Scorpio (pictured) has been named Senior VP of Programming for the San Diego/Riverside region, and Kid Jay is the new PD for KGGI-FM in Riverside. Currently, Scorpio oversees iHeartRadio’s six stations in Riverside/San Bernadino, while also acting as PD for KSSX-FM in San Diego and KGGI-FM in Riverside.
Univision makes the announcement that it is shifting its morning show on La X 96.3 FM from mostly music to The Luis Jimenez Show. Jimenez and his crew broadcast a mix of sketches, stunts, and song parodies, and host guest stars from entertainment, sports, and politics.
Alternative Seattle station 107.7 The End is handing over nights to weekend jock Cody Whistler. Whistler joined the station’s promotions team over a decade ago and added a swing role on-air three years ago. He’ll be on air every Monday through Friday from 7 p.m. – midnight.
Call them Justin and Chop. The hosts of the new The Irregular Guys show, Monday-Friday, 3-7 p.m. on 750/102.9 The Game (KXTG). They'll be breaking down a sports fan’s favorite beer, car, movie, and more each weekday, and talk about the day’s biggest sports stories.
Naveen Chopra replaces Mike Herring, who had served as Pandora’s CFO since March 2013 and took on the role of president in March 2016. Herring will continue to focus his attention on advertising and subscription growth. Chopra joined TiVo in 2003 and most recently served as the company’s interim CEO from January 2016 until its acquisition by Rovi in September 2016.
Megaphone is a podcast hosting and ad-serving platform from Panoply. Clients includes BuzzFeed, WBUR, and Gimlet.
Westwood One has announced new podcast partnerships with NBC Sports Radio’s The Leisuremen, personalities Paul Pabst and Andrew Perloff; political website The Daily Wire, featuring two podcasts from Ben Shapiro and Andrew Klavan; and Entrepreneurs En Vogue, featuring Miss New York US, Iman Oubou.