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NPR, iBiquity Strike Deal on HD Radio Power Increase
iBiquity Digital, developer of HD Radio, and NPR announced an agreement for managing an HD Radio power increase, significantly improving reception of HD Radio signals. The two organizations jointly presented their recommendations to the FCC on Thursday,
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MMTC Comments Call on FCC to Kill Outdated Rules
The Minority Media and Telecommunications Council (MMTC) submitted comments to the FCC to reiterate its support of the statements made in the group's previous petition for rulemaking. In light of the distressed state of the radio industry, MMTC urges the
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NAB Ex Parte Filing Targets Ownership, Diversity
NAB submitted an ex parte filing Thursday with the FCC regarding a meeting on Wednesday (10-28) in which NAB President/CEO Gordon Smith, NAB Joint Board Chairman Steve Newberry and NAB Executive VP Jane Mago met with FCC Chairman Julius Genachowski and
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MMTC Asks FCC to Eliminate Market Barriers
In comments filed with the FCC, the Minority Media and Telecommunications Council (MMTC) is urging the Commission to take action and revise or delete "certain outdated and ineffective rules" for the purpose of improving the general state of the radio broadcasting industry. MMTC eliminating market barriers as well as station location and
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FCC Reveals Media Ownership Workshops Agenda
The FCC is about to begin a quadrennial review of its media ownership rules as required by the Telecom Act of 1996. Every four years the agency must "determine whether any of such rules are necessary in the public interest as the result of competition." To assist in structuring the 2010 review process, the Media Bureau
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FCC Approves Return of KMAJ/Topeka to Cumulus
The FCC has approved the return of KMAJ-FM (Magic 107.7)/Topeka into Cumulus Media's local broadcast group. The AC outlet had been in a trust since 2005 when Cumulus Media Partners acquired Susquehanna Radio for $1.2 billion. At the time, the transaction put Cumulus over the FCC ownership limits with the number of FM stations
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Groups Write to Leahy Opposing Performance Bill
A letter was sent to Senate Judiciary Committee chairman Patrick Leahy on Tuesday by 11 minority groups and civil rights organizations opposing the Performance Rights Act. The letter states that, if enacted, the proposed royalites for local music airplay would be detrimental to minority-owned stations and the communities they
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GAP to Sell Midland-Odessa Cluster for $3 Million
GAP Broadcasting, headed by George Laughlin, has agreed to sell its group in Midland-Odessa, TX, to ICA Broadcasting for $3 million. ICA, owned by Barry Marks, also operates KOSA-TV (Channel 7) there. Included in the deal are AC KCHX-FM (Mix 106.7), CHR KCRS-FM (103.3 Kiss FM), Variety Hits KFZX-FM (102.1 Jack FM), KMRK-FM
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Lutheran Sells 100kw KFUO/St. Louis for $18 Million
The board of directors of Lutheran Church-Missouri Synod have agreed to sell 100kw Classical KFOU-FM (99.1)/St. Louis. According to the St. Louis Post-Dispatch, the 61-year-old classical music outlet is being purchased by Gateway Creative Broadcasting, for $18 million plus $8 million in interest over a 10-year term. The sale
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FCC Asks Court to Keep Stay on Ownership Rules
In a filing with the U.S. Court of Appeals for the Third Circuit, the FCC asked the court to keep the stay on the rules change in 2008 that loosened the newspaper/broadcast cross-ownership ban under certain criteria. Concurrently, Prometheus Radio Project and others have filed the challenges to the 2008 Order. On April
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Sirius XM Subscribers Hit with Monthly Surcharge
Sirius XM Radio subscribers are paying more as the satcaster is adding a $1.98 to its subscription fees, in a move it says covers an increase music-royalty fees. Some have speculated that the hike is "an end run" around the FCC's approval of the merger that prohibits the combined companies from raising prices for three years.
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Media Bureau Workshops to Begin Ownership Review
The FCC's Media Bureau will initiate a series of workshops as a first step in beginning the Commission's 2010 quadrennial review of its media ownership rules, as required by the Telecom Act of 1996 every four years. The agency will review its ownership rules to determine whether any of the current regulations are necessary in
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Genachowski Hopes to Help Resolve PPM Debate
Speaking at the NABOB (National Association of Black Owned Broadcasters) last week, FCC Chairman Julius Genachowski said "while the Commission's authority over the core issue is somewhat limited, the NOI sought comment on how the FCC's own use of Arbitron PPM data might impact the integrity of agency analyses and trend
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WIP Enters Into Consent Decree Over Wing Bowl Fine
The FCC has entered into a consent decree with WIP-AM/Philadelphia, cancelling a $4000 fine issued to the CBS Radio Sports/Talk outlet after it "failed to announce the material terms" of its annual Wing Bowl. WIP also allegedly failed "to conduct the contest in accordance with its material terms." Instead CBS Radio will now
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Judge Delays Sale of WJNZ-AM/Grand Rapids
A Kent County, MI, judge has delayed the sale of WJNZ-AM/Grand Rapids to Holy Family Radio, after the station was sold to cover $360,000 in unpaid loans. Holy Family Radio intends to replace programming targeted toward African American audiences with inspirational and educational Catholic programming. WJNZ talk show host
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Cape Cod Broadcasting Files Chapter 11 Bankruptcy
Cape Cod Broadcasting, the owner of four FM outlets in Cap Cod, a classical music network and CapeCod.com, filed for Chapter 11 bankruptcy protection on Wednesday. According to court records, the Hyannis-based broadcaster is out of operating cash, unless the court approves a loan of up to $500,000. The company has less than
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Radio Stocks
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| Symbol |
Last Trade |
Change |
| ARB |
22.50 |
+0.41 |
| BBGI |
3.4001 |
-0.1199 |
| CBS-A |
12.78 |
+0.02 |
| CMLS |
2.40 |
+0.05 |
| DIS |
28.56 |
-0.44 |
| EMMS |
1.32 |
0.00 |
| ETM |
6.70 |
-0.16 |
| EVC |
2.25 |
-0.04 |
| FSCI |
19.94 |
-0.57 |
| HRS |
44.40 |
+0.17 |
| JRN |
3.90 |
-0.04 |
| ROIA |
2.91 |
+0.38 |
| RGCI |
0.409 |
-0.0219 |
| SGA |
10.86 |
-0.39 |
| SALM |
3.71 |
-0.14 |
| SIRI |
0.631 |
-0.004 |
| SBSA |
0.729 |
-0.051 |
| Updated as of: 11-07-09 6:29am CT |
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