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Emmis Selling KPWR For $82.75 Million, Smulyan: We Had A Great Run With KPWR
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Radio Ink - Radio's Premier Management and Marketing Magazine
Eric Rhoads - Chairman
Deborah Parenti - Publisher
Ed Ryan - Editor-in-Chief
Brida Connolly - Managing Editor
Adrian Zupp - Reporter
 
Radio Headlines For Wednesday 5-10-17
 
Paul Lotsof owns CAVE-FM in Benson, Arizona. For two years Lotsof has been airing PSA's that, according to KVOA-TV, urge people to hide their child pornography. Lotsof disagrees with Arizona’s laws on child pornography and he's been airing the PSA's because he wants the laws changed. And now the station is under investigation by the local authorities. [read more]
 
Marketron Orders 360
Premiere Networks -Delilah
 
The buyer of Emmis' only L.A. station is the Meruelo Group. The Meruelo Group, whose Meruelo Media affiliate acquired L.A. TV station KWHY-22 in 2011 and radio station KDAY-FM in 2014, is the largest minority owned media group in California. Emmis purchased KPWR-FM from Century Broadcasting in May 1984. The transaction is expected to close later this year. [read more]
 
Emmis purchased the L.A. station in 1984 for $10 million. As you've read in the previous story Emmis is selling the station for just under $83 million. Last month Emmis cut a deal with lenders which included a stipulation that Emmis sell $80 million worth of assets and close on that sale by July of 2018. No doubt CEO Jeff Smulyan already had this sale to Meruelo in the works. [read more]
 
Some readers may be surprised that Emmis KPWR in Los Angeles wasn't scooped up by a traditional broadcaster. L.A. is home to Cumulus, iHeart, CBS (soon to be Entercom), Univision, SBS and Entravision among others. [read more]
 
 
Nearly two years ago syndicated radio host and popular actor and singer John Tesh was diagnosed with prostate cancer. Today, we have some very good news about this story. [read more]
 
One side-effect from the explosion of FM translators is the possibility some of them may cause interference with existing radio stations. That's what happened to Lakes Media's WLUS-FM in Durham. Lakes Media President Tom Birch says a process that began nearly a year ago ended Tuesday. [read more]
 
The company calls the division that includes its 312 radio stations the Local Marketing Solutions segment. That division was up $900,000 or 1.2% to $76.1 million. Excluding political revenue that division would have been up 2.5%. Townsquare's Entertainment division, which includes live events and concerts, decreased over 35% or nearly $7 million to $12.3 million. [read more]
 
RCS
 
And on May 23 at 1 p.m. we're going to show you how, as Ryan Steelberg, President of Veritone, and one of the world’s foremost experts in online advertising, co-hosts our first in a series of free webinars. Steelberg will reveal new AI tools that will help you and your advertisers increase ROI and campaign measurement. (REGISTER HERE). [read more]
 
That's according to the just-released New York Market Radio Report for Q1. The report says that the New York City economy is thriving, and that means companies have the budget for advertising. [read more]
 
It’s a 24-hour, syndicated network: American Urban Radio Networks’ “Inspirational” network. The lead hitters will be two live programs. Hezekiah Walker will host The Hezekiah Walker Show with Neicy Tribbett weekdays from 3-7 and Liz Black will host Inspirations with Liz Black, weekdays from 11-3. [read more]
 
 
The afternoon drive co-host will add Music Director to her daily responsibilities. Hutton is a 20-year veteran of Detroit radio and was the midday host on CIMX for 10 years before becoming afternoon drive host on WGPR The Bone, as well as Program Director of WGPR HD3 and The Oasis HD2. [read more]
 
Tyler Frye joined KRBE Houston's on-air lineup in April 2015 and has just signed a multi-year extension. [read more]
 
Phoenix-based Johnjay Van Es co-hosts The Johnjay & Rich Show, and the publication was interested in how he has combined the power and reach of his nationally syndicated radio show with social media to find “forever homes” for more than 500 dogs with his #LovePup campaign. [read more]
 
Thanks to Greg Merrill of Media Services Group for sending in this classic of himself from 1974 at KBLW-AM in Logan, Utah. The station was locally owned by a family at the time. We'd love to see your classic photo. Send us YOUR classic photo to edryantheeditor@gmail.com [read more]
 
Does your company or station have a news item you'd like us to run in our morning headlines? Do you have a news tip we need to investigate? Is someone being promoted at your station you'd like to recognize? Send all the details to Radio Ink Editor Ed Ryan at edryantheeditor@gmail.com [read more]
 
The radio industry cheered when it became known that Ajit Pai would be elevated from FCC commissioner to the chairmanship thanks to President Trump’s 2017 designation. Pai has been a great friend and cheerleader for radio, and an advocate to fix the FCC’s archaic rules governing the industry. And, he's on the cover of the April 17 issue of Radio Ink Magazine. [read more]
 
 
 
 
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