Bob Bakish The company headed by President/CEO Bob Bakish has agreed to twin debt offerings designed to give the parent of SpongeBob a little more swimming room with its finances. Viacom announced late Thursday (2/23) that it is selling $650 million in aggregate principal amount of 5.875% fixed-to-floating rate junior subordinated debentures due 2057 at a price equal to 100% of the principal amount thereof.
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iHEARTMEDIA/AUGUSTA, GA has appointed TIM “MINNESOTA FATTZ” SNELL SVP/Programming. SNELL is one-half of the FATTZ AND CHER MORNING SHOW on Urban AC WKSP (96.3 KISS FM) and … more
COUNTRY RADIO SEMINAR (CRS) 2017 concluded its slate of panels this afternoon (2/24) with an artist interview with SHOW DOG NASHVILLE artist TOBY KEITH. “TOBY KEITH– My Way” was … more
REUTERS is reporting that CUMULUS MEDIA’s refinancing plan has been rejected by the judge hearing the canadian viagra online company’s case against JPMORGAN CHASE AND CO. The ruling in U.S. District Court … more
Investors immediately responded to a Federal judge’s decision on Friday to reject Cumulus Media’s refinancing agreement with JPMorgan Chase, sending shares tumbling just after 12:15 pm Eastern. After falling as low as 60 cents, bargain seekers started buying up CMLS shares.
“A MOHAWK VALLEY radio first” is coming to ROSER AC WUTQ//UTICA, according to a stunt loop playing on the station. The loop of random music, news, and UTiCA-related clips is … more
NAB will host its annual STATE LEADERSHIP CONFERENCE at the CAPITOL BALLROOM of the J.W. MARRIOTT in WASHINGTON, DC, on TUESDAY, FEBURARY 28th. Approximately 500 local radio and clomid without a prescription television … more
UNIVERSAL MUSIC GROUP posted their best financial performance to date, with overall 2016 revenues rising to $5.57 billion, up 4.4% from last year’s $5.41 billion. Earnings before … more
Cumulus Media has been dealt a major setback in its efforts to improve its balance sheet. A U.S. District Court judge has rejected the broadcaster’s bid to move forward with a refinancing plan intended to reduce the company’s $2.4 billion…
Cumulus Media ‘s nearly 10-week legal fight against JPMorgan Chase & Co. over its desire to proceed with a $305 million refinancing plan designed to deleverage the No. 2 radio company by number of stations has been brought to a halt.