Entercom To Take In $265 Million From Spin-Offs
In a 300-plus page document filed with the SEC regarding the pending merger with CBS Radio, Entercom states it has reached preliminary agreements with buyers who will purchase stations in four markets Entercom must move stations from in order to close the CBS Radio deal.
Shakeup in Boston. Will Hubbard Move in?
With 5 stations about to be sold in Boston (Nielsen market #10), including CBS' sports powerhouse WBZ-FM and NewsRadio WBZ-AM, the ownership landscape will certainly look different if the Entercom/CBS merger goes through. The question is who will enter that market as the next big player or will these stations be scattered around to other owners. Here's what we know.
CBS Radio CEO Announces Final Spin-Offs In Merger
In a memo to CBS Radio employees, CEO Andre Fernandez unveiled the final 16 stations that will most likely be moved in order for the CBS/Entercom merger to go through. Eleven of those stations are under the CBS Radio umbrella and five now belong to Entercom. Here is the entire list...
How Much 2017 Revenue Has CBS Radio Generated So Far?
CBS Radio revenue was $555.6 million in the first six months of 2017, according to the latest Entercom filing at the FCC. That's down from $577.1 million in 2016. Operating income over that six months was $90 million compared to $137.4 million in 2016. The document says CBS Radio has $1.36 billion in debt and $4.33 billion in total assets.
A Win For Union Against SBS
SAG-AFTRA says the National Labor Relations Board in Los Angeles has officially issued a complaint against Spanish Broadcasting Systems. SAG-AFTRA says the complaint was issued after the NLRB found merit to a myriad of egregious unfair labor practice charges filed by the union. SBS owns LA RAZA (KLAX-FM) and MEGA (KXOL-FM) in L.A.
10,000 Radios Headed For Puerto Rico
The National Association of Broadcasters announced Wednesday it will be sending 10,000 battery-operated radios to Puerto Rico for distribution to residents affected by Hurricane Maria. NAB, the National Alliance of State Broadcasters Associations, and multiple U.S. broadcasters are funding the initiative.
The Fan Logs Its First Decade
99.9 The Fan/WCMC-FM (Raleigh, NC) turned 10 years old Tuesday, and the station is marking the day by giving away prizes and playing congratulatory messages from some of the bigger names in Triangle sports and around North Carolina.
The Morning X Team Return For 25th Anniversary
The original three hosts of The Morning X on 99X (WNNX-FM) – Steve Barnes, Leslie Fram and Jimmy Baron – will return to the Atlanta airwaves for the first time in more than a decade, as part of 99X’s 25th anniversary celebration. The popular trio will host a special four-hour morning show on 99X on October 26
Rusty Walker Scholarship Deadline Oct. 23
The Country Radio Broadcasters have announced the deadline for submitting Rusty Walker Scholarship applications. Interested parties can apply now through Oct. 23, 2017 at www.CountryRadioSeminar.com. Each applicant must fill out an online application and submit a paragraph explaining why he/she should be considered as a Rusty Walker Scholar.
HOT 96.9 Holds Free Concert For Puerto Rico
The Boston station held a free concert featuring the Boston Symphony Orchestra and Boston Pops, while collecting donations for the people of Puerto Rico. The event took place on October 1 at Franklin Park in Dorchester, MA.















