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Radio Business News

Radio Q3 Revenues Down 16%, Digital Rises 14% Radio revenues fell 16% over 2008 third quarter totals to $4.2 billion reports the RAB. Local revenues were down 19% to $2.8 billion, while national numbers declined 17% to $639 million. When combined, local and national numbers fell 19% to $3.4 billion. The More

Senate Committee Passes Low Power FM Bill The Senate Committee on Commerce, Science and Transportation voted in favor of the Local Community Radio Act of 2009, a bill that would allow for the expansion of Low Power FM stations by abolishing third-adjacent channel spacing requirements for full power More

Senate Committee to Consider Loosening of LPFM The Senate Committee on Commerce, Science and Transportation will vote Thursday (11-19) on the Local Community Radio Act of 2009, a bill that would allow for the expansion of Low Power FM stations. The legislation has already made it through two key House More

Arbitron, CBS Announce Quarterly Cash Dividends Arbitron's board of directors has approved a quarterly cash dividend of $.10 (ten cents) per common share ($.40 per share on an annualized basis). The dividend will be paid on or about January 4, 2010 to shareholders of record as of the close of business on December 15, 2009. As of October 30, there were 26.5 million shares outstanding. More

Oakland A's Ink 10-Year Deal with KTRB/San Francisco The Oakland A's and KTRB-AM (XTRA Sports 860)/San Francisco have agreed to terms on a new 10-year contract for the station to acquire the radio broadcast rights for the Oakland A's Radio Network for the upcoming 2010-2019 seasons. XTRA Sports will broadcast all 162 regular season games, up to 20 Spring Training games and all More

NAB Outlines Negative Impact of Performance Fees Representatives from the National Association of Broadcasters (NAB) met with members of Congress and the Recording Industry Association of America (RIAA) to reiterate the negative impact that local airplay royalties would have on local radio stations that provide free airplay to its 235 million weekly listeners. NAB Joint More

NAB Ad Thanks Lawmakers for Local Radio Support NAB placed an ad in two D.C. political publications on Tuesday, Roll Call and Congressional Quarterly, thanking the nearly 300 lawmakers who have co-sponsored the Local Radio Freedom Act. The move comes as NAB representatives prepare to meet with the record industry trade group, musicFirst for the next two weeks. More

LBI Media Q3 Net Revenues Down 9.7%, Loss Widens Spanish language broadcaster LBI Media posted a 9.7% drop in net revenues to $27.5 million from $30.5 million in 2008. Revenues for the company's radio unit declined 3.9% to $16.5 million from $17.2 million, mainly due to a drop in ad revenue from its Southern California marketplace. Total operating expenses grew by 39% to More

Guerra Communications Signs with Regional Reps Independent rep firm, Regional Reps Corp., specializing in small and medium market stations has signed a rep agreement with Guerra Communications and its two stations in Laredo, TX. RRC will handle national sales for KRRG-FM and KJBZ-FM. Guerra's Belinda Guerra said, "I feel so great about this endeavor. I cannot wait to More

Connoisseur to Acquire Cherry Creek Billings Trio Connoisseur Media has agreed to acquire (through a related party) News/Talk KBLG-AM (910), Classic Rock KRKX-FM (94.1) and Active Rock KRZN-FM (96.3)/Billings MT, from Cherry Creek Radio. KRZN and KBLG will be programmed by Connoisseur Media beginning November 20 and KRKX will be programmed, effective December 1. "We are More

Principle Closes on KLOK/San Jose for $7.65 Million Principle Broadcasting Network has closed on its acquisition of 50kw KLOK-AM (1170)/San Jose from Univision Radio for $7.65 million. Buffalo, NY-based Principle specializes in multi-ethnic based media and has operations in New York, Boston and Dallas. KLOK's "Radio Cadena" format moved to Univision's KBRG-FM's HD2 multicast More

Regent Appoints Hoffman as Dir./Interactive Sales Regent Communications appoints 16-year industry vet Ben Hoffman to the newly-created position of Director of Interactive Sales. Previously, he has been with Clear Channel Radio in a variety of management roles for the past 8 years. Most recently, he was Director of Sales for Clear Channel/Dayton, OH, where he led interactive More

Steckline Acquires KQAM/Wichita from Radio Disney Steckline Communications has agreed to acquire KQAM-AM (1480)/Wichita from Radio Disney. Terms of the deal were not disclosed. The transaction is expected to close by the end of the year, when Steckline will convert the station to News/Talk to compliment its co-owned all-Sports outlet, KGSO-AM (1410). KGSO GM Todd Johnson will More

Salem to Offer $300 Million of Senior Secured Notes Christian radio broadcaster Salem Communications intends to offer $300 million in senior secured second lien notes due 2016 to qualified institutional buyers. Salem intends to use the net proceeds and the borrowings under a new $30 million senior secured credit facility to repay its existing credit facilities and its 7 3/4 More

Study: Radio is the Dominant Audio Device with 79% According to a Nielsen analysis of a Council for Research Excellence media study, 90% of consumers listen to some form of audio media each day. Broadcast radio reaches those aged 18-34 at rates equivalent to the general adult population, with 79.2% of younger adults listening to broadcast radio for an average of 104 minutes a More

Principle Acquires KCNL-FM (Channel 92.3)/San Jose Principle Broadcasting Network has agreed to acquire KCNL-FM (Channel 92.3)/San Jose, a 6kw outlet licensed to Sunnyvale, CA. PBN is purchasing the station from Clear Channel's Aloha Station Trust. Terms of the deal were not disclosed. Principle is likely to drop the Alternative format as the company's other stations air More

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