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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

KKOB Launches 250 Flags Statewide Honor Initiative
250 Flags
250 Flags
Cumulus Media's News Radio KKOB has unveiled "250 Flags," a statewide initiative honoring individuals across New Mexico in celebration of the nation's 250th anniversary. Beginning April 13 through April 27, listeners are invited to nominate individuals who have made meaningful contributions to their More

AI Adoption High, But Impact Lags: LeadG2 Study
LeadG2
LeadG2
LeadG2 has released a new research report examining how revenue teams are using artificial intelligence, finding widespread adoption but limited impact due to gaps in integration, training, and execution. The report, "Revenue Enablement in the AI Era," is based on a survey of 154 More

Sigma Expands with Don Cheto, Mero Shows
Sigma Audio
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Sigma Audio Networks, powered by MediaCo Holding Inc., has expanded its national audio platform with the addition of two multicultural franchises: Don Cheto Show and HOT 97 Mornings with Mero. Under the agreements, Sigma becomes the exclusive national home of Don Cheto, overseeing syndication and More
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NAB Names Carrie Healey VP of Communications
Carrie Healey
Carrie Healey
The National Association of Broadcasters has appointed Carrie Healey as Vice President of Communications. She will report to Michelle Lehman, Chief of Staff and Executive Vice President of Public Affairs. In the role, Healey will serve as NAB's primary spokesperson and lead media relations efforts to More

NRG Media Closes Nebraska Station Sale to Usher
NRG Media
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

KSE Names Ekert, Raclin to New Leadership Roles
Kroenke Sports & Entertainment (KSE)
Kroenke Sports & Entertainment (KSE)
Kroenke Sports & Entertainment (KSE) has appointed two senior executives to newly structured leadership positions, naming Lacy Ekert as Chief Commercial Officer and Curran Raclin as Senior Vice President, Strategy & Analytics. Ekert will assume her role on May 1, overseeing sponsorship, naming rights, More

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