The tax-free Reverse Morris Trust-fueled merger between CBS Corp. ‘s CBS Radio and Entercom Communications has officially been put into motion at the FCC . According to an SEC filing made by CBS late Monday (3/20), both CBS Corp. and Entercom have filed series of Form 314 and Form 315 asset transfer applications with the Commission. These forms are needed to officially get the FCC’s approval of the license transfers — a task seen for every radio and TV deal moving from one party to another
Archive for March 20th, 2017
Do you hate crowds but love dance music? Are you depressingly poor and can’t afford the trip to Miami nor the ticket to Ultra Music Festival? Don…
ADAMS RADIO GROUP Country WKHI (YOUR COUNTRY K107.7)/SALISBURY-OCEAN CITY has added EJ FOXX for middays. She joins WKHI after 23 years with former ROTHSCHILD BROADCASTING, LLC Country WKTT … more
Research Director, Inc.: Exclusive February PPM Analysis For New York, L.A., Chicago, San Francisco & Dallas
February. The shortest month of the year and a time when things settle back into their semi-normal patterns. The CHRISTMAS afterglow has faded and the only two moments of note were the long … more
Cautious optimism and new codecs
A GEORGIA court has ruled in favor of iHEARTMEDIA over music copyright owners ARTHUR and BARBARA SHERIDAN in the SHERIDAN’s suit over pre-1972 copyright royalty claims. The SHERIDANS, … more
Nicki Minaj makes history on the Billboard Hot 100, as she passes Aretha Franklin for the most total appearances among women in the chart’s 58-…
It may have been a moribund Monday on Wall Street, but it was a sizzling session for Saga Communications . The owner of radio and television stations saw its stock surge 2.7%, to $50.25, easily becoming the biggest mover among media companies tracked by RBR + TVBR . Trading volume was slightly higher than average, at 6,916 shares. Saga shares are just shy of their 52-week high of $51.25, and were down 1% in after-hours trading.
When in the Deep South, one can’t mention radio broadcasting companies and the key players without mentioning Clay Holladay, his brother Bob Holladay or their father, Eddie Holladay. For many years, New South Radio and its predecessor, New South Communications, has owned AM and FM stations in Mississippi, Alabama and Louisiana. Now, it is adding to its collection of stations serving the Jackson, Miss., market by grabbing a Christian-themed FM serving Central Mississippi since 1972. Click here to Login & view the full article & read our famous RBR+TVBR observation (Not a member? Join Today! )
We all know what a CEO is. Most broadcast media professionals and staffers also know what a CFO is, thanks to the vocalization of net revenue, net income, EBITDA and all of that fun Wall Street stuff on every quarterly earnings call with financial analysts. But, do radio and TV executives, along with station staff, know what a CMO is? Perhaps they should, as the Chief Marketing Officer may be the one champion broadcast media needs at every Fortune 500 company. In most cases, the CMO makes the final decision on where the dollars will flow for an advertising, marketing, branding or PR campaign. However, winning over the CMO to AM and FM, and VHF and UHF, may be more difficult than ever.
For those who were wondering when Beasley Broadcast Group would be reporting its Q4 and full-year results, you’re now only in half suspense. The pure-play large and mid-size market radio broadcast company announced Monday (3/20) that it would report its Q4 2016 financial results before Tuesday’s Opening Bell on Wall Street. But, Beasley did not mention if they would also be releasing full-year 2017 results, which most companies have released concurrently with their Q4 earnings information. Following the release of the earnings data, Beasley will host a conference call and webcast to discuss its Q4 performance.
The gossip gabbers across Capitol Hill are at it again, and two possible contenders to fill the empty Republican Commissioner’s seat on the FCC have reportedly emerged. According to Bloomberg BNA , the often-mentioned Roslyn Layton — a visiting Fellow with the AEI’s Center for Internet, Communications and Technology Policy — is a leading candidate for a nomination from President Trump. So is Michelle P. Connolly . Who’s that