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February 2026

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Radio Business News

Judge OKs Cumulus Plan, Cuts Debt by $592 Million

Cumulus Media

A federal bankruptcy judge has approved Cumulus Media's prepackaged Chapter 11 reorganization plan, clearing the company to reduce its funded debt by approximately $592 million and move toward emergence as a private entity. Alfredo R. Perez, presiding in the US Bankruptcy Court for the Southern District More

Radio Deals Hit $55.9 Million YTD, Led by Lincoln Sale

BIA Advisory Services

BIA Advisory Services has released its updated March 2026 Broadcast Media Transactions Report, showing continued deal activity across the radio sector both for the month and year-to-date. According to BIA, radio transactions totaled $25.0 million in March, spanning 60 station sales. Year-to-date, radio More

Cumulus Media Q4 Revenue Falls 14%, EBITDA Drops

Cumulus Media

Cumulus Media reported declines in revenue and profitability for both the fourth quarter and full year 2025, reflecting continued pressure on its core broadcast business as the company moves through a financial restructuring. For the fourth quarter ended December 31, 2025, the company posted net revenue More

ESPN Arkansas Expands with 93.7 FM Acquisition

ESPN Arkansas

Pearson Broadcasting of Northwest Arkansas and the Baker Family Trust have reached a definitive agreement to transfer the 93.7 FM frequency, currently home to KISR (Kisser 93), to Pearson Broadcasting. Under the agreement, KISR will shift from 93.7 FM to 93.1 FM and continue More

TelevisaUnivision Launches Tender Offer for Notes

TelevisaUnivision

TelevisaUnivision has announced that its subsidiary, Univision Communications Inc., has commenced a cash tender offer to purchase a portion of its outstanding 8.000% senior secured notes due 2028. The company said the offer will cover up to a maximum principal amount based on the net proceeds it expects More

BIA Raises 2026 Ad Forecast, Radio Holds Steady

BIA Advisory Services

BIA Advisory Services has increased its 2026 U.S. local advertising forecast, projecting total spending to reach $184.5 billion, an 8.1% year-over-year gain, with radio maintaining a stable position in a rapidly evolving media mix. The revised outlook reflects stronger-than-expected growth in digital More

SBS Reaches Deal to Restructure Debt, Files Chapter 11

Spanish Broadcasting System (SBS)

Spanish Broadcasting System (SBS) has entered into a restructuring support agreement with a group of bondholders holding more than 72% of its outstanding senior secured notes, outlining a plan to significantly reduce debt and reposition the company for long-term growth. Under the More

Beasley Broadcast Q4 Revenue Falls, Posts Large Loss

Beasley Media Group

Beasley Broadcast Group reported a sharp decline in fourth quarter revenue and a significant net loss, driven largely by a major non-cash impairment charge, according to its latest financial filing. Net revenue for the fourth quarter ended December 31, 2025 fell 21.1% to $53.1 More

NRG Media Closes Nebraska Station Sale to Usher

NRG Media

NRG Media has completed the sale of a group of Nebraska radio stations to Usher Media, marking another step in the company's divestiture of assets in the state. The transaction includes KGFW-AM, KQKY-FM, KRNY-FM, and translator K241CN in Kearney; KROR-FM in Hastings; and KSYZ-FM in More

MediaCo Revenue Jumps 18% in Fourth Quarter

MediaCo

MediaCo Holding Inc. reported a 17.9% increase in fourth quarter revenue, driven by continued digital growth and contributions from its Estrella Media acquisition, while posting a wider net loss for the period. For the quarter ended December 31, 2025, revenue rose to $38.7 More

Connoisseur Media to Acquire Lincoln Radio Cluster

Connoisseur Media

Connoisseur Media has entered into an agreement to acquire a group of stations in Lincoln, NE from NRG Media, expanding its presence in the Midwest. The deal includes KBBK-FM (B107.3), KLIN-AM and translator K257GN (News Talk 1400/99.3), KLNC-FM (105.3 The Bone), K233AN (Red 94.5), all licensed to More

Family Life to Acquire WKPL-FM in Pennsylvania

Family Life

Family Life has entered into an agreement to purchase Classic Hits WKPL-FM (92.1) in Ellwood City, PA, from Forever Media for $350,000. The 2.5 kW station serves listeners in Lawrence and Beaver counties and reaches into the Pittsburgh market, located about 40 miles from the city. More

Connoisseur Media to Sell Topeka Stations to KZNA Inc.

Connoisseur Media

Connoisseur Media has reached an agreement to sell its Topeka, KS cluster to KNZA Inc., which operates locally as MSC Radio Group. The transaction, which includes KSAJ-FM (98.5 Jack FM), KTPK (Country 106.9), WIBW-AM (WIBW News), and WIBW-FM (The Big 94.5 Country), is pending approval from the FCC and is More

Connoisseur Sells South Dakota Stations to Local Group

Connoisseur Media

Connoisseur Media has reached an agreement to sell its radio outlets in Brookings, SD, to locally owned Brookings Radio LLC. The buyer is led by longtime market manager Cami Powers, along with her husband Derrick Powers and Chad Hogie. The deal includes KBRK-AM and KBRK-FM in Brookings, KDBX-FM in Clear More

Civic Media Closes Deal for Milwaukee Stations

Civic Media

Civic Media has completed its acquisition of WZTI-AM (1290) in Greenfield, WI, along with FM translators W262CJ (100.3) in Milwaukee and W297BY (107.3) in Franklin, from Milwaukee Radio Alliance, LLC. Milwaukee Radio Alliance, led by acting CEO Diane Sutter, divested the stations More

Midwest Communications to Acquire NRG WI Stations

Midwest Communications

Midwest Communications Inc., through its affiliate WRIG, Inc., has reached an agreement to acquire a radio group in Wisconsin from NRG Media LLC. An application for the transfer of licenses is being filed with the FCC. Terms were not disclosed. The transaction includes stations More

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