Home Login RADIO ONLINE RSS Facebook
Advertisement

Alpha Media Completes Restructuring Agreement


Alpha Media
Alpha Media

Alpha Media has completed its financial restructuring after filing Chapter 11 bankruptcy to deal with $267 million of debt in January. The company, affected greatly during the pandemic, says it now has the incremental capital to pursue growth opportunities, while enhancing its position as mid-market broadcaster across 44 local markets in the U.S.

Alpha CEO Bob Proffitt said, "This is an important achievement for Alpha Media as we strengthen our company's ability to grow. Today Alpha Media begins its next chapter, with an improved financial foundation, new capital and enhanced competitive positioning. We have greater financial resources and flexibility, and we will continue to invest in new digital capabilities to better serve our advertisers and communities across our local markets."

Proffitt continued, "I am so proud of all that our teams at each of our radio stations have accomplished during this period. Our unique culture continues to be key to Alpha Media's success, and I thank the entire Alpha Media family for their dedication and hard work. We are thrilled to continue our mission to deliver dynamic, diverse and exciting content to our communities."

Alpha Media's plan has received all necessary court, regulatory and FCC approvals, and all customary conditions have been satisfied.

Advertisement

Latest Radio Stories

Cumulus Sues Nielsen Over Alleged Ratings Monopoly
Cumulus Media and Nielsen
Cumulus Media and Nielsen
Cumulus Media has filed a federal antitrust lawsuit against The Nielsen Company, accusing the ratings giant of abusing its market dominance to force broadcasters into buying unwanted data and suppressing competition in the radio audience measurement industry. The complaint, filed October 16 in the U.S. More

MRC Revokes Nielsen Accreditation in Seven Markets
Media Rating Council (MRC)
Media Rating Council (MRC)
The Media Rating Council (MRC) has revoked accreditation for Nielsen Audio's diary ratings service in seven additional markets, part of its most recent round of audit decisions covering July through September 2025. According to the MRC's October 16 report, accreditation was withdrawn for the following More

NPR Pioneering Journalist Susan Stamberg Dies at 87
Susan Stamberg
Susan Stamberg
Susan Stamberg, a trailblazing journalist who helped shape National Public Radio from its earliest days and became the first woman to anchor a nightly national news program, died Thursday, October 16. She was 87. Stamberg joined NPR in the early 1970s, just as the network was taking shape, and quickly More
Advertisement

Rogan, Crime Junkie Lead Edison's Q3 Top 50 Podcasts
Edison Research
Edison Research
Edison Research has released its list of the Top 50 Podcasts in the U.S. for the third quarter of 2025, ranking shows by audience reach among weekly podcast consumers aged 13 and older. The findings are based on Edison Podcast Metrics, which measures total audience reach in both audio and video formats. More

Alt 105.1 Ends Syndicated Mornings, Adds Kenzie Live
Kenzie
Kenzie
After six years of syndicated morning shows, Connoisseur Media's Alternative WGHL (Alt 105.1) Louisville is changing course. The station announced it will drop Premiere Networks' The Woody Show in favor of a local, music-focused morning presentation beginning Monday, October 20, hosted by current midday More

Eric and Julianne Worden Exit Sinclair Norfolk
Eric & Julianne Worden
Eric & Julianne Worden
Longtime Norfolk radio personalities Eric and Julianne Worden have exited Sinclair Communications following a round of budget cuts impacting multiple staff members. Alternative WROX-FM (96X) Program Director and afternoon host Nick Chappell will assume mornings replacing Eric at WNOB. Eric Worden, a More

Return to Menu

Advertisement

Subscribe to our Newsletter
Radio news and headlines delivered right to your e-mail box -- and it's free.

Advertisement

Advertisement