“Verizon is an incredibly important and valued partner to the radio industry,” said RAB President/CEO Mike Hulvey, who also serves as chair of the Radio Creative Fund. “The brand’s messaging is always culturally relevant."
Financing for the transaction is being provided by Brigade Capital Management. What's the story with that operation? It's a safe bet it is not as controversial as the entity that holds majority interest in radio industry peer Audacy Inc.
For weeks, media brokers and industry observers have been awaiting news on a transaction that many believed would be announced one month ago, as radio business leaders gathered in Las Vegas for the 2025 NAB Show. Now, rumors have become reality: Jeff Warshaw has secured the financing needed to move forward with his Connoisseur Media's acquisition of Alpha Media.
More changes have come to the C-Suite at Philadelphia-based Audacy Inc., the audio content creation and distribution company founded as Entercom by Joseph Field and today controlled by Soros Fund Management. This sees the arrival of a new Chief Information Officer.
TV ad sales and tech company Ampersand is welcoming a new Chief Revenue Officer, and it is someone who was most recently EVP and Head of National Sales for the broadcast television station ownership group that is parent to more over-the-air properties than any of its peers and is founded by Perry Sook.
He has been part of the Scripps D.C. sales team for the last six years, serving as a senior manager of business operations, Director of National Sales Operations and Senior Director of National Sales Operations.
Now he's being promoted to VP of Political and "Pay for Performance" at The E.W. Scripps Co.
The company with majority ownership held by Soros Fund Management is saying goodbye to its five-year Chief Technology Officer, one of its more visible top-tier leaders in recent years. It's the latest move in a wholesale reshaping of Audacy's executive suite since the departures of David Field and Rich Schmaeling.
The latest Spot Ten Cable report is out courtesy of iHeartMedia-owned Media Monitors, and three big brands showed their might for the week ending May 4. By play count, the spot leader is a big home improvement retailer.
There's a pirate radio broadcast operation in the Midwood section of Brooklyn, and the FCC is going after the property owner after being unable to discern who the FM buccaneer is. Now, the landlord could be held culpable under the "PIRATE Act."
The Senior Deputy Chief in the FCC Media Bureau's Policy Division has allowed Elko County, Nev., to correct its request to modify the satellite television markets of a group of Reno, Nev., broadcast stations. This would allow carriage in the region of the Silver State of stations based in Nevada.
It's a 6kw Class A FM serving an area of Northeast Ohio between Mentor and Ashtabula, and airs a regional Oldies format that in the 4pm hour featured Detroit act 100 Proof (Aged in Soul) and the America track "Daisy Jane." Soon, this unique Oldies station will be in the hands of a new owner.
Nathan Simington and his new Chief of Staff, Adam Wax, have joined together for an opinion piece for an online news organization in which they emphatically support the FCC's investigations into CBS over alleged "news distortion." At the same time, Wax and Simington want big changes to "reverse compensation."
As 2025 began, Fubo agreed to its purchase by The Walt Disney Co. Now, the company led by CEO David Gandler has released its Q1 2025 results, perhaps its last first quarter fiscal report as an independent "sports first" vMVPD. The details are a bit cheerful. It's the Q2 visibility that's a bit glum.
Radio Ink and Radio + Television Business Report are proud to announce that Cox Media Group Executive Vice President and Head of Radio Rob Babin and Nexstar Networks President Sean Compton will serve as co-chairs for Forecast 2026. The event is scheduled for November 12 at the Harvard Club in New York.
FCC Chairman Brendan Carr says the agency is moving forward with an effort to "terminate" more than 2,000 official proceedings that have become dormant and, in his view, "no longer serve a purpose for the American people." It's unread to the "Delete, Delete, Delete" initiative that has captured the media's attention.
The President/CEO of America's Public Television Stations says the organization is "deeply concerned" by a late-night Executive Order signed by President Trump on May 1 that directs the Corporation for Public Broadcasting to stop direct and indirect funding of both PBS and NPR.
The acquisition is expected to be completed in the second quarter, pending customary closing conditions. The total purchase price is $185 million in cash, which includes $75 million held back that is tied to meeting performance goals and milestones over the next two years.
The White House has trumped Congressional Republicans who have sought a cessation of federal funding for the noncommercial educational organizations that are not FCC licensees but provide programming to broadcast stations across the U.S. and its territories.
"The Station Of The Cross" Catholic Media Network can be heard on a group of radio stations stretching from Northeast Ohio to the Bay State. However, a transaction has been agreed to that will see the sale of properties in Massachusetts to another non-secular broadcast group.
The nation's largest Spanish-language audio content creation and distribution company that is certified Hispanic-owned returned to profitability in 2024, following the return to day-to-day leadership of President/CEO and founder Raúl Alarcón Jr.
