Debtwire senior credit analyst Seth Crystall tells MySA.com the reason for the early look at the revenue numbers is to help convince lenders and bondholders to agree to a debt-exchange offer iHeart has been working on. The debt-exchange offer expires today for lenders and April 28 for bondholders. There have already been two extensions. The good news is the radio side of the business was up. Here's what iHeart reported.
The big NAB Show is now underway in Las Vegas and in case you decide to stay home and make more sales calls rather than roam the streets of Sin City you can catch a number of the sessions on your digital devices this year. Here's a complete listing of the panels and speakers the NAB will be streaming, including FCC Chairman Ajit Pai's keynote on Tuesday afternoon.
(By Bob McCurdy) The benefit of a message broadcast is that it is broadly “cast.” It is inclusive, reaching all current and future users of any product/service. This is significant, as the future economic value of any consumer differs from their current economic value, due to the marketing “law of buyer moderation.” This “law” states that, over time, the heaviest buyers buy less, the lightest buyers buy more, and non-users begin to buy.
(By Jeff McHugh) Top-performing shows today keep the audience’s attention by offering content that cannot be found anywhere else. Here are some strategies that can keep your fans coming back to your show for a memorable, unique version of content that is otherwise available everywhere.
(By Ronald Robinson) They are still at it. They can’t help themselves, and they just won’t stop. Recently, I have been paying closer attention to the pontifications of a number of radio programmers – people who really should know better. They are to the point where much of their rhetoric could be classified as “wishful muttering.” They continue to insist they are putting (alleged) facts to (alleged) truths.
The name of the panel is called "Coffee and Conversation with Deborah Parenti & John Caracciolo." Our boss and the JVC CEO will share stories about their successful career paths. And for anyone in Las Vegas today hoping to climb the ladder of success this panel, Broadcast Education Association's 62th Annual Convention, is a great opportunity to pick the brains of two highly successful radio people. The panel will be held at the Westgate Resort & Casino Pavilion 3 at 2:45 pm.
The SEC filing by iHeart Thursday points out that a substantial amount of the company's cash goes toward debt service obligations. The company says it will continue to incur net losses and generate negative cash flow from operating activities given its debt and interest expenses. All of this has lead to "substantial doubt as to our ability to continue as a going concern for a period of 12 months following the date the first quarter 2017 financial statements are issued."
FM translators are now blanketing the country. There are thousands either rebroadcasting an AM signal, an HD signal, or (despite the FCC's rules not to) airing original content. With all those translators comes the possibility, and probability, that some will interfere with existing full-power FM radio stations. The NAB wants to help resolve those interference problems and has filed comments with the FCC to do so. Here are the details...
On May 1, WWXT-FM in Washington, D.C., will become part of the Radio One family, and in Richmond WXGI AM ESPN 950 will also become part of the Radio One family. Red Zebra is selling the two stations to Radio One and CEO Alfred Liggins is quite happy about the purchases.
CBS Radio has signed an agreement with live traffic video company TrafficLand for use of its video management technology. The service provides access to real-time video from over 20,000 state and local D.O.T. traffic cameras across the U.S. CBS radio stations can now monitor rush-hour patterns, traffic bottlenecks, and how incidents affect traffic conditions.
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The former radio man spent the past three years as CURE International’s VP of Marketing. Prior to that his radio career included working for K-LOVE in Chicago, WAY-FM in West Palm Beach, Air1 in Sacramento and Salem in Chicago. He says his new company will focus on working with radio stations and non-profit's to develop and implement custom strategies to better communicate their purpose.
Syndicated talk superstar Dave Ramsey, traveled to Atlanta and San Antonio recently for events for his Smart Money presentation. In Atlanta he worked with iHeartMedia's talker WGST-AM. And in San Antonio, where this packed house picture is from, Ramsey worked with KTSA-AM, an Alpha Media station.
Mike Francesa, who's leaving WFAN in New York when his contract expires at the end of 2017, says it's possible. The Daily News is reporting that Francessa said he's open to the idea. Francessa made the comment at the ESPN's 30 for 30 "Mike and the Mad Dog" at the TriBeCa Film Festival on Friday. Chris Russo responded with, "That's the first time I ever heard you say that." Francesa said, "Why not? I think it would be fun."
Heather Gersten has been promoted to Assistant Program Director at the Lite Rock station. Gersten will continue as co-host of Heather & Steve in the mornings, a position she has held for the past 14 years. She is also part of WWLI’s 2 Lite Chicks with midday personality Amy Pontes.
The app can now be used by consumers for FM radio smartphone listening in the South American country. This further expansion into Latin America also allows listeners to tune to their favorite FM stations in Colombia, Mexico, Peru. Later this year Brazil will also go live in the Google Play Store
Forty new SpokenEditions have been released onto iHeartMedia’s all-in-one digital music, podcasting, and live-streaming radio service. SpokenEditions draws from written content from premium publishers. SpokenEditions provides access to audio versions of some of the top written publications across a number of subjects.
All 53 Radio One radio stations and seven national network personalities will now use Clip Interactive to deliver interactive broadcast and streaming content feeds to listeners via Clip-built mobile apps and web players. The deal was signed after Radio One tested the products for seven months at its Washington, DC cluster.