Headlines

The company awards Pat Walsh with a new deal through 2019 as Emmis' President and Chief Operating Officer. His base pay will be $625,000, with annual increases of up to 2.5%.

Following the closing of the new auction window for FM translators, FCC Chairman Ajit Pai said over 1,000 stations applied. "These translators will enable many of these AM stations to broadcast local programming to their communities at night for the first time."

If you only operate a radio station for one day a year are you really a radio station? On Thursday, the FCC took up the matter of WRAX-FM in Lake Isabella, Michigan which has filed for a license renewal. The problem is the Commission says the station only operated one day a year since it was initially licensed seven years ago. The station is owned by Radioactive (Randy Michaels).

Lazer Broadcasting is purchasing KWNZ-FM, KNEZ-FM, and KZTI FM, and Big Horn Media is buying KRZQ-FM from Times-Shamrock Communications. MVP Capital represented Times-Shamrock in both transactions.

Since Mary Berner took over Cumulus nearly two years ago, one of the company's main goals has been to improve ratings. Cumulus owns some of radio's most recognizable brands, including WPLJ and WABC in New York, WLS in Chicago, KGO in San Francisco, and many others.

The recent successful Alaska cruise celebrating the 30th anniversary of the ministry included a special opportunity for those on board to give back to the people of Alaska by providing a backpack full of school supplies for needy children in the state capitol of Juneau

You could hear the frustration in the Urban One CEO's voice about his company's performance. Alfred Liggins said it was tough all around, lead by a downward trend in the radio business and Reach Media.

At the end of the year, Westwood One will be losing a big-name radio brand. Following the expiration of its distribution agreement with Westwood, CBS News Radio will team with Skyview Networks for distribution, inventory management, and sales. CBS News Radio delivers news, talk, information, and special events coverage to more than 1,000 affiliates, including 13 stations in the top 15 markets.

Entravision's radio segment saw a revenue decrease in the second quarter of $2.4 million. The company says the big drop was due to decreases in local and national advertising revenue, and a decrease in political advertising revenue. Local revenue was down 9% and national dropped 19%.

Meruelo Media has closed on the sale of KPWR-FM, Power 106 Los Angeles from Emmis Communications. The station has been programmed by Meruelo for the last month under an LMA. Meruelo paid Emmis $82.8 Million for the station.