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Archive for March 15th, 2017
Emma “Baby Spice” Bunton joined Red Nose Day 2017 to help some British Airways customers spice up their flights. The Spice Girl…
In a highly complex series of private offers to its bondholders, iHeartCommunications — the over-arching entity for publicly traded iHeartMedia and CC Outdoor Holdings — on Wednesday hit the start button on a plan that calls for a note swap … and a possible separation of iHeartMedia and buy zithromax dominican republic CC Outdoor into two fully distinct and independently owned-and-operated companies. Specifically, holders of its “Five Series of Priority Guarantee Notes” and its Senior Notes Due 2021 are being called on to turn in those notes, and to exchange them for new securities in connection with “a proposed global restructuring of its indebtedness.” At the same time, iHeart is also seeking bondholder approval to amendments that would see a newly formed entity — CCO Holdings — hold an approximate 89.9% equity interest in Clear Channel Outdoor Holdings. But, this would only happen “upon closing of the Offers if the High Participation Threshold is achieved.” Furthermore, iHeartCommunications on Wednesday commenced private offers (the “Term Loan Offers”) to eligible lenders under iHeartCommunications’ Term Loan D and Term Loan E facilities (the “Existing Term Loans”) to amend the Existing Term Loans and to exchange the Existing Term Loans for new securities of the issuers and Broader Media LLC
The founder and Chairman of the Board of Emmis Communications is the recipient of the 2017 Lowry Mays Excellence in Broadcasting Award. Jeff Smulyan will be presented the award at the Broadcasters Foundation of America annual breakfast on April 26 in the Brahms Room of the Encore Hotel during the 2017 NAB Show in Las Vegas. Smulyan formed Emmis in 1980, and today is known as the parent of such radio stations as KPWR-FM “Power 106” in Los Angeles and WQHT-FM “Hot 97” in New York, in addition to stations in St. Louis, Indianapolis, and Austin.
It’s WEDNESDAY — time once again for some fresh, new columns … exclusively on ALL ACCESS! * THE POWER PLAYER: ALL ACCESS News Editor JEFF SILBERMAN interviews iONE DIGITAL and ONE … more
Former BIG MACHINE LABEL GROUP (BMLG) Sr. Mgr./Partnership Marketing SARAH ROMERO will join G7 ENTERTAINMENT in the newly created role of Dir./Brand Partnerships & Strategy, effective … more
Nielsen to evaluate NextRadio data
Following the release of three new Nicki Minaj songs on March 10 — “No Frauds,” featuring Drake and Lil Wayne; “Changed It,…
Bryan B-Dub Washington has been named program director and afternoon host at iHeartMedia country “92.5 The Bull” KBEB Sacramento. B-Dub was most recently music director/afternoon talent at CBS Radio country KMLE (107.9) Phoenix. He takes over day-to-programming responsibilities from JJ…
Lone Star UHF and VHF stations are set to enjoy billions of dollars in spots in 2017. Local market advertising in the state of Texas will reach $13 billion this year across 19 television markets, according to data from BIA/Kelsey ‘s Media Ad View forecast. Not surprisingly, the Dallas-Ft. Worth market tops the list with a whopping $3.9 billion. Houston (which includes nearby Galveston) is close behind with nearly $3.6 billion
The Fed nudged interest rates higher on Wednesday, signaling that any further increases this year will be gradual. As a result, Wall Street celebrated as the Dow Jones Industrial Average gained 112.73 points, to 20,950.10.
The percentage of U.S. broadband households that aren’t subscribing to a “Legacy Pay-TV (LPTV)” service has more than doubled in the past five years. That’s the key takeaway from new research conducted by The Diffusion Group. The study, conducted by TDG co-founder and Research Director Michael Greeson , found that in 2011, 9% of the 85 million U.S