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On Monday, iHeart announced some good news regarding its bankruptcy proceeding. The company says it has received overwhelming creditor support for its plan to reorganize. iHeart filed for chapter 11 protection back in March and is expected to emerge in 2019 with 50% less debt, knocking off $10 billion.

In this day and age, sitting in your office shuffling papers will not cut it if you want to be a successful leader. Just ask Brian Lang, Regional Market President for Townsquare Media, who's one of Radio Ink's Best Managers for 2018.

A big thanks to Tich McWilliams for bringing us this weeks Advertiser Success Story. Tich is a streetfighter at Tuned In Broadcasting's WRLT Lightning 100.1 in Nashville. Tich's client Trim Healthy Mamma used radio in a very creative way to help grow their lifestyle brand in Music City. (Our weekly Advertiser Success Stories are sponsored by Sun & Fun Media)

The $150 million Triton purchase by Scripps was at a revenue multiple of 3.7X ($40 million), and Scripps executives boasted on a conference call Wendesday that they "got a really good deal." They saw Triton as a target and went after it.

Julie Judge is the National Sales Manager for Hubbard Radio in Seattle. Last week at The Radio Show, Julie's name was called by Radio Ink Publisher Deborah Parenti as the 2018 Radio Wayne Award winner in the NSM category. She tells Radio Ink that when she heard her name called, "It was an awesome feeling of elation, excitement, and pride all at the same time."

The sticky topic of more radio deregulation was discussed at the Wednesday morning Radio Show breakfast. Many of radio’s big companies support more deregulation because they say they need to own more stations to compete with Facebook and Google (iHeartMedia is opposed). Here's what Hubbard's Ginny Morris thinks...

Our thanks to Morgan Harrison for this weeks advertiser success story. Morgan (pictured here) is an Integrated Media Specialist for Cox Media Group in San Antonio and she shares a huge success she had with a local Credit Union account. Here are the details. (Our weekly Advertiser Success Stories are sponsored by Sun & Fun Media).

To date, The Music Modernization Act has the support of about 70 United States Senators, clearly enough to pass the bill. With government, of course, anything can happen. And, a lot of times, nothing happens. Enter SiriusXM Jim Meyer.

Borrell & Associates has updated its political revenue projections for the 2018 mid-term elections which are about to start kicking into gear. Borrell puts the new forecast at $8.9 billion, an increase of $400 million over its previous projection in December of 2017. So how much does Borrell expect Radio to pull in?

Radio Ink has learned from several sources that United States Traffic Network is winding down its radio operations. The last several months have been brutal for the traffic network, as Entercom has publicly berated the company about its financial problems. And Cumulus executives jumped on the bandwagon Monday when they announced they had to write off $5 million they were expecting from USTN. Here are all the details on USTN wind-down.