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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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Latest Radio Stories

NAB Unveils Redesigned Spot Center for PSA's
National Association of Broadcasters (NAB)
National Association of Broadcasters (NAB)
The National Association of Broadcasters (NAB) has launched a redesigned Spot Center, providing local radio and television stations with an improved way to access free public service campaigns from nonprofit organizations. The updated website features a cleaner, more intuitive interface that allows More

Jen Scordo Named Midday Host at WXTU/Philadelphia
Jen Scordo
Jen Scordo
Veteran Philadelphia air talent Jen Scordo is named the new midday host at 92.5 WXTU-FM in Philadelphia. The appointment was announced Friday morning during The Andie Summers Show, with Scordo assuming the role immediately. A familiar voice to WXTU listeners, Scordo had been serving as the Country outlet's More

WATH/Athens Debuts ''Southern Ohio Gold'' Format
WATH-AM/Athens, GA
WATH-AM/Athens, GA
Total Media has rebranded WATH-AM (970/97.3) in Athens, OH, flipping from Sports to Oldies with the launch of "Southern Ohio Gold." The new format debuted Friday, July 10, at 3pm and is programmed by Seaboard Networks CEO Steve Clendenin. The move restores an Oldies format to the More
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Brad Elliott Joins 95.1 The Wolf in Abilene
Brad Elliott
Brad Elliott
Veteran personality Brad Elliott has joined Community Broadcast Partners' KABW-FM (95.1 The Wolf) in Abilene, TX. Elliott is well known to Big Country listeners after spending much of his career in the market. He previously worked at crosstown at Townsquare Media Classic Hits KULL (100.7 Kool FM) along with More

FCC, iHeart Reach Deal on Payola Safeguards
Federal Communications Commission
Federal Communications Commission
The FCC has reached a consent decree with iHeartMedia resolving an investigation into the company's compliance with federal payola rules, establishing new reporting, training and disclosure requirements aimed at protecting artists from improper pressure tied to radio airplay and live event appearances. More

Nielsen: Radio Continues to Lead Weekly Reach
Katz Radio Group
Katz Radio Group
Radio continues to deliver the broadest weekly audience of any measured media platform, reaching 87% of U.S. adults each week despite growing media fragmentation, according to Katz Radio Group's latest Sound Answers report highlighting Nielsen Audience Insights data for the first More

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