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Category Archives: Radio Owners
Cox sells its radio division to early SiriusXM investor
Cox’s fortune was the result of the work of James M. Cox, a newspaper owner from Dayton Ohio, who ran for President in 1920 for the Democrats, with a young Franklin Delano Roosevelt as his Vice President. He lost in … Continue reading
Posted in Radio Owners, Station Sales / Transfers
1 Comment
Cumulus launches rights plan
http://www.bizjournals.com/atlanta/news/2017/06/05/cumulus-media-adopts-anti-takeover-defense.html The market capitalization of Cumulus Media (NASDAQ: CMLS) is down to a mere $14 million, carrying debt of around $2.4 billion. The board just executed a preferred rights agreement intended to block a takeover attempt if any owner or … Continue reading
Posted in Cumulus Media, Radio Owners
6 Comments
Hugh Hewitt in talks with MSNBC
http://nymag.com/daily/intelligencer/2017/04/sources-hugh-hewitt-in-talks-for-msnbc-show.html When Hewitt took over for Bill Bennett to do the 6-9 AM shift, I wondered if he was going to last as a morning guy. The purported MSNBC show would be an evening show, so it seems unlikely Hewitt … Continue reading
Posted in Conservative Talk, Salem, Salem Radio, Talk Radio
7 Comments
“Going concern” warning expected for IheartMedia
Marketwatch Story In the accounting business, one of the obligations of auditors is to evaluate whether the business has the resources and income to sustain itself as a business in the future. When the auditor feels the obligation to issue … Continue reading
Posted in IHeart Media
1 Comment
WCHB-AM in Detroit Sold
WCHB-AM (1200 kHz) is an urban talk station owned by Radio One, the national radio owner focused on serving the black community. Mildrid Gaddis is a long time radio personality and activist in the Detroit Area – she will move … Continue reading
Posted in Radio One, Station Sales / Transfers
2 Comments
Variety Magazine: Bob Pittman may not be able to save iHeart
Time is running out for iHeart / Clear Channel and Cumulus iHeartMedia CEO Bob Pittman’s Efforts May Not Be Enough to Avoid Looming Bankruptcy I await the rebirth of radio patiently. It may well just return to dust, but the … Continue reading
Posted in IHeart Media, Radio Biz
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Meghan McCain gets shown the door
Countess spotted this before I did. Maybe I can add her to the staff as a hard news reporter. If I teach her how to use Google News, this could become a “go to” radio news site So Meghan signed … Continue reading
Posted in Buck Sexton, IHeart Media, Premiere (IHeart)
3 Comments
CBS Radio to be merged into Entercom
The rumors were true http://www.cbscorporation.com/2017/02/cbs-corporation-and-entercom-announce-merger-of-cbs-radio-with-entercom-to-create-preeminent-radio-platform/ Thanks to JerseyDevil for breaking the story while I was asleep having nightmares about ostriches looking in my windows. The deal is structured as a tax free exchange called a Reverse Morris Trust. CBS shareholders … Continue reading
Posted in CBS, Entercom
7 Comments
Man convicted of Home Invasion of Stu Epperson Jr
Winston Salem Journal Stu Epperson Jr is the son of the cofounder of the Salem media networks (SALM). A man attempted to break into his house and was caught by the police. The original story was kept fairly discrete, but … Continue reading
Posted in Salem Radio
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Hispanics love sports too!
Univision, the Spanish language Radio and TV giant has announced it will be converting 10 of its radio stations to carry Univision Deportes (Sports) Radio in competition with ESPN Deportes Radio. http://www.univision.com/deportes/udn Univision had previously converted most of its AM … Continue reading
Posted in Radio Biz, Radio News, Univision
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