Headlines

Are the marketers and advertisers that the Executive Director of the Culture Marketing Council speaks to every day aware of the power of Hispanic radio and actively using Spanish-language radio stations to reach an important consumer segment? That's one of the key questions posed to Horacio Gavilán by Adam Jacobson in this latest Hispanic Radio Podcast.

Atlanta Catholic Radio is purchasing WCFO-AM in East Point, Georgia, from JW Broadcasting. WCFO is a 50-KW daytime directional at 1160-AM. This is station number one for the newly formed Atlanta Catholic Radio. Joe Weber's JW Broadcasting also owns one other metro Atlanta signal, WMLB-AM.

Illinois station 102.3 WXLC/Waukegan-Kenosha raised over $25,000 for St. Baldrick's Foundation -- which benefits childhood cancer research -- during their annual Hair for Hope event, March 25, 12-5 p.m. at the Green Town Tavern in Waukegan.

A week after receiving Children’s Miracle Network’s English Speaking Stations of the Year, Binnie Media’s Frank 107.5 Classic Hits/Lewiston, ME, and Country station 99.9 The Wolf/Auburn, ME, raised over $380,000 during their 13th annual Cares for Kids Radiothon.

According to Kagan, the top deal was Emmis exiting St. Louis, selling two FMs to Hubbard and two FMs to Entercom. Kagan says Emmis got a cash flow multiple of 7.2x from Hubbard, which will net the company $45 million, and a 6.1x cash flow multiple from Entercom, which will net the company $15 million.

After negotiating the price on rocker WKQX-FM in Chicago, Cumulus and Merlin Media have come to a new agreement that will lead to Cumulus keeping the station after all. Cumulus will also get the WLUP-FM call letters and all WLUP intellectual property from Merlin.

We are bringing you this latest news because we want to make sure you know its not going away and you should stay involved in the process. In an op-ed in Billboard, SoundExchange CEO Michael Huppe called on SiriusXM to support the CLASSICS Act at the same time he ripped into radio.

(By Radio Ink Chairman Eric Rhoads) So what about the next generation stepping in to run radio? For sure, they must look to what’s new and help radio embrace what we’ve been missing. Yet they also must keep a foothold in what works. The key issue the new generation needs to face is how radio can compete in a digital world.

A filing with the SEC states iHeart is not able to file its 2017 annual report on time due to a delay in the completion of the financial statements from Clear Media Limited, which is an indirect subsidiary of the company with shares on the Hong Kong Stock Exchange. The company says several employees of Clear Media are part of an ongoing investigation for misappropriation of funds.

Also from the SEC filing iHeart states it expects to report consolidated revenue of approximately $6.17 billion for 2017, compared to $6.26 billion in 2016. So why the approximate $89 million decrease?