Headlines

And as we mentioned last week, we are hearing the word bankruptcy more than we ever have in the past. Two weeks after choosing to default on a $23.6 million interest payment on 7.75% senior notes due 2019, Cumulus has disclosed a previously confidential term sheet that includes pre-packaged Chapter 11 details.

At Forecast 2018 tomorrow, Marla Kaplowitz, president and CEO of the American Association of Advertising Agencies, and Bob Liodice, CEO of the Association of National Advertisers, will appear in a joint keynote presentation at New York City’s Harvard Club. The session will be moderated by Christine Travaglini, president of Christal Radio and Katz Partnerships.

Entercom has announced who will lead all of its formats when the merger with CBS Radio is complete, which could come as early as this Friday. All format captains will report to Pat Paxton and Chris Oliviero. Here's who the company has named as Format Captains...

When you combine two companies as large as Entercom and CBS, not everyone gets to be a format captain. Steve Moore (News/Talk) and Tim Roberts (Country) were both format leaders for CBS Radio. EVP/Programming Chris Oliviero (pictured) sent a nice note out to CBS employees about both Moore and Roberts. Here's what it said...

On the Media Monitors weekly spot chart, JC Penney aired 42,743 commercials on radio stations all over the country to push GEICO into third place (39,035). The Home Depot held onto top place with 60,366 spots. With the holiday season approaching, national jewelry chain Jared enters the top five, at number four, with 27,217 commercials.

The Mentoring & Inspiring Women in Radio Group has opened the application window for its 2018 Mildred Carter MIW Group Mentoring Program. The deadline to apply is January 12, 2018.

On Veterans Day, Entercom Boston’s WRKO hosted a radiothon at the Seaport Hotel in Boston to benefit Disabled American Veterans. $90,642 was raised for DAV of Massachusetts and their transportation program, to assist veterans keep their medical appointments.

94.7 WCSX-FM will hold their 3rd Annual “People Helping People” campaign in an effort to assist families in the Motor City who are facing challenges during the holidays. Happening now, through December 15, 2017, listeners are being asked to nominate families in need on the air.

And it's Beasley making the flip on Lite 101.5 FM. Ops Manager John Candelaria said, “Vegas certainly could use some holiday cheer with all that transpired recently in our community as a result of the October 1 tragedy. We want to be first in with the Christmas format for Vegas’ and provide that Holiday Feel-Good Soundtrack."

Cox Media Group has appointed four leaders who will integrate CMG’s portfolio of properties in Atlanta beginning in 2018. Here are the leadership changes.