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

ESPN Wisconsin Shows Expand to 1430 ESPN Beaver Dam
Good Karma Brands
Good Karma Brands
Good Karma Brands and ESPN Wisconsin announce that "Wilde and Tausch" and "Scalzo and Brust," which currently air in both Madison and Milwaukee, will soon expand to WBEV-AM (1430 ESPN) in Beaver Dam, WI. Beginning Monday, August 22, listeners in the More

Jacobs Media Released Air Talent Survey 2022 at MSBC 34
Air Talent Survey 2022
Air Talent Survey 2022
Jacobs Media released its Air Talent Survey 2022, entitled "Radio Talent in the Post-Pandemic Era," on Thursday at the 34th Annual Morning Show Boot Camp -- which also began Thursday at the Swissotel in Chicago. The survey, which included 750 total More

WSB/Atlanta Names Charles Dir./Branding and Programming
Ken Charles
Ken Charles
Veteran programmer Ken Charles joins Cox Media Group's News/Talk WSB-AM and WSBB (95.5 WSB)/Atlanta as Director of Branding and Programming, beginning September 12th. Most recently, he was Program Director of News KNX-AM & FM/Los Angeles and More
Advertisement

Triton Digital Releases July 2022 U.S. Podcast Report
Triton Digital
Triton Digital
Triton Digital has released its July, 2022 U.S. Podcast Report. Stitcher Media remained in the #1 spot on the Top Sales Networks Report for the month of July with 55 million Average Weekly Downloads and 13.9 million Average Weekly Users. NPR came in More

Andrew Williams Named Brand Manager of BetQL Network
Andrew Williams
Andrew Williams
Audacy appoints Andrew Williams as Brand Manager of the BetQL Network, the company's network of sports betting content. He'll be based in Washington, DC and will oversee all producers, talent and audio content for the network's 100 hours of original More

WOFX/Cincinnati Names Sean Kelly as APD/Afternoons
Sean Kelly
Sean Kelly
Sean Kelly is named Assistant Program Talent and afternoon host for Classic Rock WOFX-FM (92.5 The Fox) in Cincinnati. He'll be heard weekdays from 2-7pm. A veteran Rock radio personality, Kelly was previously morning host on WEBN-FM in his hometown More

Return to Menu

Advertisement

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

Quick Snaps
Radio Advertising Bureau: The Radio Advertising Bureau (RAB), in conjunction with BMI and Mentoring and Inspiring Women in Radio (MIW) have completed the 14th annual Rising Through the Ranks program, which began with a virtual session on August 2, and continued with in-person meetings on August 9-11. Pictured: 2022 Graduates and Speakers with BMI songwriter and Recording Artist Lauren Alaina.

Advertisement

Advertisement