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Kagan Details Largest Q1 2022 Broadcast Radio Deals

S & P Global Market Intelligence

Kagan, the media research unit of S&P Global Market Intelligence, found the broadcast deal market for first quarter 2022 reached the highest quarterly deal volume since third quarter 2019 at $11.05 billion, mainly due to the acquisition of TV giant TEGNA. In the last 40 years, quarterly volumes exceeded $10 billion. Part of the Standard More

House Appropriations Votes Concerning Cannabis Ads

U.S. Congress

The House Appropriations Committee advanced the FY 2023 Financial Services and General Government appropriations bill on Friday which included language that would prevent the FCC from taking administrative action against broadcasters that accept cannabis advertisements consistent with the law of the state or jurisdiction in which the More

Townsquare Closes on Cherry Creek for $18.75 Million

Townsquare Media

Townsquare Media has closed on its previously announced acquisition of Cherry Creek Broadcasting for $18.75 million. In order to meet FCC ownership caps, Townsquare divested six stations in Missoula, MT, to Anderson Broadcasting, Legacy Broadcasting (a non-profit) and Missoula Community More

Radio Cleveland Enters Consent Decree with Commission

FCC

The FCC has entered into a Consent Decree with Radio Cleveland Inc. resolving issues arising from an admitted unauthorized transfer of control of the company as a result of two unapproved stock transfers. On June 17, 2020, Radio Cleveland filed an application to transfer control of station WAID-FM/Clarksdale, MS, and on September 9, More

Urban One Agrees to Acquire Emmis Indianapolis Stations

Urban One

Urban One has signed a definitive asset purchase agreement with Emmis Communications to purchase its cluster of radio stations in Indianapolis. Under the deal, Urban One will acquire WYXB-FM (B105.7), WLHK-FM (97.1), WIBC-FM (93.1), translators W228CX and W298BB (The Fan 93.5 and More

FCC Proposes Regulatory Fees for Fiscal Year 2022

Federal Communications Commission

The FCC has proposed regulatory fee rates for 2022 of $381.95 million, which includes a whopping 13% increase for radio stations over the last fiscal year. The Commission says these regulatory fees cover direct costs, such as salaries and expenses; indirect costs, such as overhead functions; statutorily More

FCC Denies Extension of FM Booster Comment Deadline

Federal Communications Commission

The Federal Communications Commission has denied a joint request by NAB and NPR for a two-week extension of the comment deadline in a proceeding on FM broadcast booster stations. The Extension Request asserted that NPR's and NAB's technical experts require additional time to analyze the "voluminous technical More

Gregg Skall to Moderate IBA New Members-Only Webinar

Independent Broadcasters Association

Telecommunications Law Professional Gregg Skall will moderate a live Independent Broadcasters Association (IBA) members-only webinar on Thursday, May 5 at 4pm ET. "Best Practices for Political Broadcast Advertising" will identify and clarify the FCC rules and regulations to keep stations compliant, while More

Loud Media to Acquire Four Outlets in Knoxville TN

Loud Media

Loud Media has agreed to acquire four outlets in Knoxville, TN from Blount Broadcasting Corp. Included in the deal are 1kW Classic Country WGAP-AM (1400), 1kW Sports WKVL-AM (850), and their associated translators W290DJ (105.9) and W265DR (100.9). Loud Media is a local radio company More

FCC Chair Rosenworcel to Hold Fireside Chat at NAB Show

FCC Chairwoman Jessica Rosenworcel

FCC Chairwoman Jessica Rosenworcel (pictured) and National Association of Broadcasters (NAB) President and CEO Curtis LeGeyt will participate in a fireside chat on the NAB Show Main Stage on April 25 at 10am in Las Vegas. The conversation between Rosenworcel and LeGeyt immediately following the NAB Show More

Townsquare to Acquire Cherry Creek for $18.75 Million

Townsquare Media

Townsquare Media has agreed to acquire Cherry Creek Broadcasting for $18.75 million. Simultaneously, and in order to meet FCC ownership caps, Townsquare will divest six stations in Missoula, MT, to Anderson Broadcasting, Legacy Broadcasting (a non-profit) and Missoula Community Radio (also a non-profit, and More

FCC Proposes to Fine WBGG/Miami $20,000 Over Contest

Federal Communications Commission

The FCC has issued an Notice of Apparent Liability for Forfeiture (NAL) for $20,000 to iHeartMedia's WBGG-FM (Big 105.9)/Miami for failing to allow a prospective participant to enter a contest for reasons at odds with the written rules for the contest, thereby not conducting it substantially as announced or More

Commerce Committee Sets Vote on Gigi Sohn for FCC

Gigi Sohn

Senate Commerce Committee Chair Maria Cantwell (D-WA) set March 3 for a vote on the nomination of Gigi Sohn for the open Democratic seat on the FCC. Previously, Sohn has had two nomination hearings but no vote by the committee on whether to submit her to the full Senate for a confirmation vote. In late More

GBS FCC Filing Rebuffs iHeartMedia's Geo-Broadcast Claims

In a filing with the FCC, GeoBroadcast Solutions responded to iHeartMedia's recent filing criticizing a proposal before the Commission to permit all FM stations to geo-target content using FM boosters. GBS claims that iHeartMedia's own radio outlets enables its stations to provide geo-targeting services to More

NAB Ex Parte Refutes Erroneous Claims About Ownership

National Association of Broadcasters

NAB has filed an ex parte communication with the FCC regarding the Commission's 2018 quadrennial review of its media ownership rules. The agency is currently in the midst of its congressional mandated review of the rules governing broadcast radio and TV station ownership after the Supreme Court unanimously More

CXR Trust Sells WPYO/Orlando, WSUN (97X)/Tampa to SBS

Spanish Broadcasting System

The CXR Radio Station Trust, the divestiture trustee of Cox Radio, has reportedly agreed to sell Alternative WSUN-FM/Tampa and CHR WPYO-FM/Orlando to Spanish Broadcasting System, just before the deadline of February 15, set by the FCC in early December. The deal is expected to close More

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