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CBS Launches Exchange Offer in Entercom Merger
CBS has launched its exchange offer to their shareholders in connection with the merger of CBS Radio and Entercom. Under the terms of the offer, CBS shareholders can exchange shares of CBS Class B common stock for shares of CBS Radio common stock More

Chairman Ajit Pai Announces FCC General Counsel
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FCC Chairman Ajit Pai appoints Thomas M. Johnson Jr. as FCC General Counsel. Acting General Counsel Nick Degani will transition back to his role as senior counsel in the Office of Chairman Pai. Johnson joins the Commission from his position as More

Radio Leads Music Discovery, On-demand Closes Gap
Integr8 Research has published the third in a series exploring how changing technology impacts radio listening and new music consumption. The good news is that local FM radio stations remain the leading source for 15- to 39-year-old listeners to More

RTDNA Wants You to Know Your Reporting Rights
FCC Chairman Ajit Pai said Tuesday the agency does not have authority to revoke broadcast licenses over news story content, despite suggestions from President Donald Trump. He rejected Trump's tweet that the FCC could challenge the license of NBC after stories Trump declared were not true, reports Reuters. "Under the law, the FCC More

Filing Reveals Combined Entercom Ownership Split
In a schedule 14A filing with the SEC detailing a date for a shareholder meeting, Entercom revealed more details about its merger with CBS Radio. The filing explained that immediately following the merger, CBS Radio shareholders will own 72% and Entercom 28% of the new combined company. Approximately 72% of the outstanding More

Townsquare Appoints Wilson, Prasad as Co-CEOs
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Townsquare Media promotes Bill Wilson and Dhruv Prasad to Co-Chief Executive Officers, reporting to the board of directors, effective Monday. They replace current CEO and Townsquare's founder Steven Price, who'll transition to a new role of Executive Chairman of the Board. In addition, Erik Hellum has been appointed as Chief More

Adams Radio Group Closes on Tallahassee FL
Adams Radio Group has closed on its previously announced acquisition of Red Hills Broadcasting's four-station cluster in Tallahassee, FL. Included in the deal were 47kW CHR WHTF-FM (Hot 104.9), 42kW Country WWOF-FM (103.1 The Wolf), 2.2kW Classic Rock WQTL-FM (106.1 The Path) and 5.5kW Adult Hits WANK-FM (99.9 Hank FM). This is More

Emmis Q2 Earnings Skyrocket Over KPWR/L.A. Sale
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Emmis Communications reported radio net revenues for its second fiscal quarter ending August 31, fell to $41.8 million from $46 million in 2016. Total net revenues were $42.8 million as compared to $58.7 million. Due to the sale of its Terre Haute radio cluster in January, 2017 and KPWR-FM/Los Angeles in August, 2017, the More

iHeartMedia Filing Discloses $25M CCOH Demand
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In an 8K filing with the SEC, iHeartMedia disclosed that Clear Channel Outdoor Holdings (CCOH), an indirect, non-wholly owned subsidiary of iHeartCommunications Inc., provided notice of its intent to make a demand for repayment on October 31, 2017 of $25 million outstanding under the Revolving Promissory Note, dated as of More

AudioHQ, TuneIn Ink Multi-Year Audio Ad Sales Deal
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AudioHQ, an online audio sales rep firm, and TuneIn have announced a partnership allowing AudioHQ to become its re-seller in the U.S. of TuneIn's audio advertising inventory over a multi-year period. TuneIn currently serves more than 75 million monthly active users on hundreds of devices, including smartphones, desktop, More

Stations Are Wise to Enter Smart Speaker Eco-System
Integr8 Research has published the second in a series exploring how changing technology impacts radio listening. While only 14% of the 15- to 39-year-old radio listeners interviewed own a smart speaker today, adoption of voice-powered devices seems to be growing rapidly. Smart speaker owners are more likely to listen to local More

FCC Filings Reveal 19 Radio Outlets to Be Divested
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CBS Corp. and Entercom filed with the FCC on October 10 amendments to their pending applications seeking the FCC's approval of the merger between the two, which became publicly available on October 11. The FCC Application Amendments contain, among other things, a proposal to divest nineteen radio stations to comply with the More

iHeartMedia's Legal Win Against Creditors Upheld
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The Fourth Court of Appeals in San Antonio has upheld a court ruling blocking debtholders from forcing iHeartMedia Inc. into bankruptcy, reports the San Antonio Express News. The court affirmed a May, 2016 court ruling by Bexar County State District Judge Cathleen Stryker that blocked debtholders from filing default More

Entercom Makes $265 Million in Spin-Off Sale
In an amended filing with the SEC regarding its pending merger with CBS Radio, Entercom says it's reached preliminary deals with buyers who will purchase and operate stations in four markets that the company must divest stations to complete the transaction. As a result of these collective transactions, Entercom will receive More

NLRB Issues Official Complaint Against SBS
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SAG-AFTRA has announced that Region 31 of the National Labor Relations Board (NLRB) in Los Angeles has issued a complaint against Spanish Broadcasting Systems (SBS) after finding merit to a myriad of alleged unfair labor practice charges filed by the union against the media company. SBS owns Spanish-language music stations More

Conference Calls Set for Emmis Q2, Entercom Q3
Emmis Communications will host a conference call to discuss second quarter results on Thursday, October 12. Emmis Chairman/CEO Jeff Smulyan and EVP/CFO and Treasurer Ryan Hornaday will host the call. Also, Entercom Communications will release third quarter 2017 results before the market opens on Thursday, November 2. Entercom More

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