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| iHeart Chooses Not To Make Interest Payment, Westwood One Boss Gets Raise |
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| Radio Headlines For Friday 2-2-2018 |
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 An agreement has been reached between Merlin Media and Cumulus over two Chicago radio stations Cumulus is now operating under an LMA. Cumulus had agreed to buy WLUP-FM and WKQX-FM for $50 million back in 2017. As part of a court-approved agreement Cumulus will no longer be obligated to purchase the stations. Here are all he details. [read more] |
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 You may recall Cumulus taking similar action back in November 2017, choosing not to make an interest payment of $23.6 million on 7.75% senior notes due 2019. At the end of that month Cumulus filed for Chapter 11 and is now in the middle of restructuring its debt. The $106 million interest payment iHeart is passing on is on junior debt. [read more] |
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 According to an SEC filing Thursday, Cumulus' Executive VP of Corporate Marketing and President of Westwood One, Suzanne Grimes will be paid a salary of $650,000 as of July 1, and her contract has been extended through July of 2020 [read more] |
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 It’s a fact. Some stations have great “numbers,” but unless those numbers translate at the cash register, they may be ringing the wrong ears. That’s because numbers don’t tell the whole story, especially Hispanic radio’s rich and vibrant story. And in small markets or for independent operators, sometimes numbers aren’t even available — or affordable. [read more] |
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 Our thanks to Centennial Fredericksburg Market Manager Mark Bass for sharing this success story. Mark tells Radio Ink, Modern Ballroom Dancing is a small local business just starting up, training people in ballroom dancing. "Lance Carmine one of Centennial's senior AEs took them through the 'why radio' pitch, and specifically what WBQB-B101.5 could do for them, and they signed." [read more] |
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 According to BIA/Kelsey, local advertising on mobile devices sold by pure-play mobile providers in 2018 will reach $19 billion. $3.1 billion of that total will go to newspaper, TV, and radio, with radio getting about $104 million of that $3.1 billion pie. [read more] |
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 (Ryan Wrecker) In our history as broadcasters, we've seen many new devices emerge in the tech world, Some have been embraced, others dismissed. Some personalities have embraced the digital components of radio and done well, but not everyone has found the level of success they desire. [read more] |
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 Our Future African American Leaders in Radio list includes radio employees from every aspect of the business. It includes experienced pros and young talent who all have one thing in common: they are making a lot of noise in the radio industry with their passion and determination to be the best. Make your nomination HERE. DEADLINE IS FEBRUARY 12 AT 5PM. [read more] |
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 The reason for the big penalty against The Cesar Chavez Foundation's KNAI-FM in Phoenix and KUFW-FM in Woodlake, California, is for violating the Commission’s underwriting laws by broadcasting announcements that promoted the products, services, or businesses of its financial contributors. [read more] |
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 In episode #1, Nielsen Audio Managing Director Brad Kelly (pictured) takes listeners on a journey into the The Rain Forrest of Radio with Nielsen's VP of Audience Insights Jon Miller. Nielsen says new episodes will be released periodically. You can listen to the first episode HERE. [read more] |
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 Kurt Luchs has assumed the position of GM of NRG Media’s seven-station Omaha cluster, after leading the company's four-station Wausau-Stevens Point, WI, group for nearly five years. At the same time, Aleese Fielder, who has been D.O.S. at the Wausau cluster, now becomes GM. [read more] |
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 Alpha Media Executive VP of Content Scott Mahalick said, “We are always proud to promote from within Alpha. Our Format Captains have been carefully selected based on their experience, format expertise, reliability, and performance. I look forward to seeing great success happen from this collaboration.” Here are the nine broadcasters Alpha has now given a ton more responsibility... [read more] |
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 James Lee (Jim) Brewer II passed away in Chattanooga on Thursday, Feb. 1, 2018, after battling oral cancer. He was 56. Brewer began his radio career in high school in programming. At 28, he became the GM for WJTT FM — Power 94. [read more] |
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 Jim Henderson “The Voice of the Saints” announced his retirement from WWL in New Orleans, Thursday. Chris Wegmann, SVP & Market Manager at Entercom New Orleans, said, “Jim has been a beloved member of our team at WWL in New Orleans for many years. He made a very complex job look easy and raised the bar for sportscasters everywhere." [read more] |
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 Jason Carr has been named Program Director for ALT 99.1 FM, “Cleveland’s New Rock Alternative,” and APD for 100.7 WMMS, “Cleveland’s Rock Station,” effective February 12. He will report to Keith Abrams, Regional Senior Vice President of Programming for iHeartMedia’s North Ohio Region and PD for 100.7 WMMS. [read more] |
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 Silverfish Media has announced the promotion of Patrick Thomas from Director of Programming to President, and Jessica Humphreville ("Carsen") to Director of Programming. Both Thomas and Humphreville will continue in their current on-air roles. [read more] |
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 KVON/KVYN (Napa, CA) radio veteran Ira C. Smith has been named the 2017 Ambassador of the Year by the Napa Chamber of Commerce. During the North Bay fires, KVON and Smith formed a “lifeline” for many Napa County residents. [read more] |
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Don't Miss Any News This AfternoonMake sure you're registered for RBR+TVBR's daily newsletter, which delivers radio and TV business news every afternoon. Today Editor-in-Chief Adam Jacobson offers the latest updates on Cumulus Media's Chapter 11 restructuring plans. He'll also have the latest on how Facebook could bring your news and information station a boost in News Feeds across the U.S. Make sure you're receiving the RBR+TVBR daily headlines by subscribing HERE. |
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 Alpha Media, Dayton, has named Bo Matthews Operations Manager of the cluster and Content Director of 92.9 Jack FM and 101.5 Hank FM. Most recently, Matthews held the position of SVP of Programming for iHeartMedia in Cincinnati. [read more] |
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