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LAI Takes Control of Mapleton Communications


Lazard Alternative Investments, which partnered with Mapleton Communications in July, 2006, to finance new acquisitions, has reportedly taken control of the radio group. The lender plans to keep CEO Adam Nathanson and most of the management in place.

Lazard Alternative previously helped the broadcaster expand its West coast-based group by financing the purchase of ten stations in Chico and Redding, CA, from Regent Communications for $17.5 million.

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NAB Urges FCC to Scrap Outdated Local Ownership Caps
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The National Association of Broadcasters (NAB) has filed reply comments with the Federal Communications Commission urging the agency to modernize local radio and television ownership rules it says no longer reflect today's media marketplace. In its filing in the FCC's 2022 Quadrennial Regulatory Review, More

Urban One Sets 10-for-1 Reverse Stock Split
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Alex Siciliano to Exit NAB Communications Role
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National Association of Broadcasters Senior Vice President of Communications Alex Siciliano will depart the organization at the end of next week after deciding to pursue another professional opportunity. In a note shared with industry contacts, Siciliano said it had been an honor to work on behalf of More
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Local Radio Drives $437B, Supports 909K U.S. Jobs
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A new economic study finds that free, local radio remains a powerful engine of the U.S. economy, generating $437 billion in annual GDP and supporting more than 909,000 jobs nationwide, underscoring radio's role as essential infrastructure in communities across the country. The analysis, conducted by More

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