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House Majority Supports Local Radio Freedom Act
A majority of the House of Representatives now supports the Local Radio Freedom Act after a bipartisan group of five House members signed a resolution opposing "any new performance fee, tax, royalty, or other charge" on local broadcast radio More

FCC Fines Cumulus/Myrtle Beach Over EEO Violations
FCC
FCC
The FCC has issued a Notice of Apparent Liability for Forfeiture (NAL) for $20,000 to Cumulus Media's WDAI-FM, WSYN-FM, WSEA-FM, WLFF-FM and WHSC-AM/Myrtle Beach, SC, for various violations of the Commission's equal employment opportunity (EEO) More

Entravision Declares Quarterly Dividend of $0.05
Hispanic radio broadcaster Entravision Communication has declared a quarterly dividend. Shareholders of record on Thursday, December 14 will receive a dividend of 0.05 per share on Friday, December 29. This represents a $0.20 dividend on an More

Study: Understanding Podcast Ad Effectiveness
In a new Nielsen study looking into the effectiveness of podcast advertising, over 7000 adult podcast listeners were asked to select from the reasons why they listen to podcasts. 66% chose "to learn something new," while less than 10% selected "to get closer with friends and family." Nearly half indicated they listen to podcasts to relax More

Apple Confirms it Will Acquire Shazam App, Company
Shazam
Shazam
Apple has agreed to acquire Shazam, an app that can identify music, movies, advertising and television shows from short audio samples, the company confirmed on Monday. The deal is reportedly worth $400 million, according to Recode. "We are excited to announce that Shazam has entered into an agreement to become part of Apple," More

Nielsen: Sports Radio Listening Up 30% Since June
Nielsen
Nielsen
With the release of Nielsen's November PPM audience trends, Sports radio outlets are seeing the annual upswing during the most important stretch of the calendar for sports listening. It happens each year when football moves back to the top of the fandom food chain and the major league baseball season concludes after a month of More

Cumulus Signs Multi-Year Deal with Nielsen Audio
Cumulus Media
Cumulus Media
Nielsen announced Friday that Cumulus Media has signed a multi-year extension for radio ratings services for all Portable People Meter (PPM) and radio diary measured markets. Westwood One is also included in this agreement. The deal provides Nielsen's radio and network radio ratings services for Cumulus and Westwood One's 446 More

Salem Media Group Announces Q4 Cash Distribution
Salem Media Group
Salem Media Group
Salem Media Group announced Thursday that its board of directors has declared a cash distribution for the fourth quarter of 2017 in the amount of $0.0650 per share. The cash distribution will be paid on December 29, 2017 to all Class A and Class B common stockholders of record as of December More

Farmworker Closes on FM Translator in Phoenix
Farmworker Educational Radio Network has closed on its previously announced acquisition of FM translator K270BZ (101.9) in Phoenix from Riviera Broadcasting. The buyer, Farmworker is a California corporation that owns stations in Arizona, California, Nevada and Washington. The seller, Riviera Broadcasting is a Phoenix-based More

Listeners Spend 58% Tune-In Time with P1 Station
According to audio data in the second quarter 2017 Nielsen Total Audience Report, Americans spend 87% of their AM/FM radio listening tuning into their three favorite stations (based on the amount of time spent with each). What's more interesting is that 58% of all listening goes to just one station, the listener's favorite More

U.S. Local Ad Revs to Rise 5.2% in 2018 to $151.2B
BIA/Kelsey
BIA/Kelsey
BIA/Kelsey's U.S. Local Advertising Forecast 2018 projects total local U.S. ad revenue will reach $151.2 billion in 2018, up from $140.9 billion this year, representing a growth rate of 5.2 percent. Traditional media will comprise 64.7 percent of the revenue, with online/digital securing 35.3 percent. In 2017, radio secured More

Redrock Closes on Acquisition of KCDC/St. George
Red Rock Broadcasting
Red Rock Broadcasting
Redrock Broadcasting Inc. has closed on its previously announced acquisition of 7.7kW KUTQ-FM (formerly KCDC-FM) (102.3)/La Verkin, UT (covering St. George), from Cochise Broadcasting LLC. Cochise is a Wyoming-based company headed by Ted Tucker. The buyer, Redrock Broadcasting, is a Utah-based company headed by Craig Hanson. More

Beasley Broadcast Declares Quarterly Cash Dividend
Beasley Broadcast Group announced Monday that its board of directors has declared a quarterly cash dividend of $0.045 per share of its Class A and Class B common stock. The dividend is payable on January 5, 2018, to shareholders of record on December 29. Beasley says that while the company intends to pay regular quarterly cash More

Univision Closes on Sale of KKMR/Arizona City
Univision Radio has closed on its sale of 6kW KKMR-FM (106.5)/Arizona City, AZ (serving Phoenix) to Educational Media Foundation. Univision owns three other FM signals in Phoenix. EMF operates K-Love and Air1 radio networks and will flip the outlet to Christian prgramming. Kalil & Co. brokered this More

Report: Group Rejects Latest iHM Debt Proposal
iHeartMedia
iHeartMedia
A group of creditors have rejected iHeartMedia's latest debt restructuring proposal. In an 8K filing with the SEC, the radio giant disclosed that the group of creditors proposed their own deal that would require the company to file for chapter 11 bankruptcy protection. The development comes a day after Cumulus Media said it More

Triton Digital Releases the September Top 20 Ranker
Triton Digital
Triton Digital
Triton Digital has released its monthly Top 20 Ranker for September. The Ranker is a listing of the top-performing digital audio stations and networks measured by the Webcast Metrics audience measurement platform, accredited by the MRC. Total listening for clients measured in September remained steady with 5.4 million Average More

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