Audacy Takes Grace Period As Debt Restructure Talks Intensify
As Audacy continues active talks with lenders to refinance its debt, the company is opting to use a 30-day grace period for an $18 million cash interest payment. The interest, originally due on September 30, comes from 6.75% notes due in 2029.
Court Gives FCC 90 Days To Finish 2018 Quadrennial Review
The now-full-strength FCC has been assigned its largest task involving radio. The DC Circuit of the US Court of Appeals has ordered the Commission to finalize its delayed 2018 quadrennial review within the next 90 days.
FCC Opens Door For Foreign Investors In Alpha Restructure
A new FCC ruling has set a precedent for broadcasters to potentially seek foreign investment approvals. The Media Bureau has given the green light to Alpha Media Holdings Inc. to surpass the standard 25% foreign ownership cap.
Cumulus Settles In McDowell, Kemp Dallas Drama
The parent company of Cumulus Dallas radio station The Ticket (KTCK-AM) has settled a lawsuit with former co-hosts Dan McDowell and Jake Kemp. The lawsuit had been filed over IP rights to the duo's podcast, The Dumb Zone.
USBC Acquires NABOB, Launches Black-Centric Network
The U.S. Black Chambers, Inc. has announced the acquisition of the National Association of Black-Owned Broadcasters. This move marks the inception of the USBC Media Network, aimed at reshaping the landscape of Black media and culture.
Beasley Rolling Out Podcast Radio In First Four US Markets
Beasley Media Group is collaborating with Podcast Radio and KMG Networks to introduce a podcast-centric multiplatform radio format across four regions. This new format will be available on various Beasley stations in Detroit, Tampa, Charlotte, and Ft. Myers/Naples.
FTC Urges Clear Separation Of Ads Amid Rise Of Digital Audio
As radio continues to incorporate more digital audio into the industry, the Federal Trade Commission is calling for stricter guidelines to protect children from...
FCC Pledges To Use Bigger Budget To Bust Pirates
FCC Chairwoman Jessica Rosenworcel gave her first budget presentation as Chairwoman to the Financial Services and General Government Subcommittee this week. In her address, she made it a point to discuss the FCC's crackdown on pirate radio broadcasters.
Good Karma Leaving FM In NYC As Emmis Preps Signal Sale
Good Karma Brands announced the company will vacate its 98.7 WEPN signal by August 31, 2024 to concentrate on digital distribution and its 1050 AM frequency. The move comes as WEPN owner Emmis Corporation continues its total exit from radio broadcasting.
FCC Regulatory Fee Deadline Is One Day Away
The Federal Communications Commission has issued a final call for the Assessment and Collection of Regulatory Fees for the 2023 Fiscal Year. The deadline is fast approaching: fees must be paid by tomorrow, September 20, at 11:59p ET.
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