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December 2019 PPM

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Liberty Affiliate Seeks DOJ Permission for Larger iHM Stake

Liberty Media

An affiliate of John Malone's Liberty Media Corp. wants permission from the Department of Justice to acquire a larger stake of iHeartMedia, reports the Wall Street Journal. Liberty currently owns 4.8% of iHeartMedia through its Liberty SiriusXM Group. WSJ says the deal now under consideration could give it control or outright ownership of the broadcaster. However, Liberty hasn't decided what kind of transaction, if any, it would proceed with should it receive permission.

WSJ says Liberty acquired its iHeartMedia stake through the debt it assumed before the company restructured, which converted to equity when the broadcaster emerged from bankruptcy earliery this year.

Liberty owns 33% of Live Nation Entertainment, making it the company's largest shareholder, and 71% of satellite radio SiriusXM Holdings Inc. Last year, Liberty's SiriusXM purchased of Pandora Media -- in which it also held a controlling stake -- for $3 billion.

Latest Radio Stories

Entercom Reveals WEEI Red Sox Radio PBP Network Team

Boston Red Sox

Entercom has announced the new play-by-play broadcast team for Boston Red Sox baseball games on WEEI-FM/Boston, the flagship station for the team. The team will consist of play-by-play announcer Joe Castiglione, who is entering his 38th season and More

Podtrac Reases Top Podcasts for December 2019

Podtrac

Podtrac has released ranking of the Top 20 Podcasts for December 2019 based on U.S. Unique Monthly Audience. With the increasing popularity of shows which publish multiple times a day, such as NPR News Now, beginning in December, these shows are now More

''Alabama's Morning Show with Suzanne and Chris'' Debuts

Suzanne Wynn and Chris Wright

"Alabama's Morning Show with Suzanne and Chris" debuted January 13 with an initial network of three stations. The duo says thee goal is to grow the network to at least a dozen stations covering all regions of the state. Suzanne Wynn and Chris Wright More

KQKQ Sweet 98.5 Launches All-Female Morning Show

Nikki & Laura

NRG Media is changing morning radio in Omaha forever, by launching an all-female morning show starting Monday, January 20. The new show "SWEET 98.5 Mornings with Nikki & Laura" will feature existing morning host Nikki Oswald and afternoon drive More

Scott Klatzkin Named 2019 Delaware Sportscaster of the Year

Scott Klatzkin

Contratulations to iHeartMedia/Delaware's Scott Klatzkin, "Voice of the University of Delaware Blue Hens," who has been named the 2019 Delaware Sportscaster of the Year by the National Sports Media Association (NSMA). This is the fourth time he has More

98.5 KISS FM/Myrtle Beach Adds The Breakfast Club

The Breakfast Club

Cumulus announces that Myrtle Beach, SC, radio station 98.5 KISS FM/WDAI-FM has added The Breakfast Club to the station's morning lineup. The highly rated morning show will air on WDAI Monday through Friday from 6am-10am ET, and on Saturday from More

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