Headlines

On the heels of the extension that was set to expire Monday, iHeart extended the deadline again, this time until February 3, for bondholders to exchange 2018 senior-note debt for new debt maturing in 2021.

According to a new report released by BIA/Kelsey, U.S. mobile ad spending will grow from $33 billion in 2016 to $72 billion by 2021, a 17 percent compound annual growth rate. The location-targeted portion of that overall mobile ad spend is projected to grow from $12.4 billion in 2016 to $32.4 billion in 2021.

The Home Depot remained on top of the weekly Media Monitors chart airing just over 57,000 commercials on radio stations all over the country last week. GEICO held on to the second spot by running 48,114 spots.

The U.S. Census Bureau confirms it: Millennials are now the nation’s largest generation, and nowhere is that more obvious than among the nation’s Hispanic population. Nearly six in 10 U.S. Hispanics are millennial-age or younger. That population is also growing the fastest, as one out of every four babies born in the United States today is of Hispanic descent. 

iHeartMedia Washington, DC’s 104.7 FM, is bringing the NHL's Washington Capitals to the FM dial. The station will air every Capitals game for the remainder of the NHL season. Caps games were being heard on Hubbard's Federal News Radio in DC and some games will still be heard there.

Beasley's new HD-2 format in Tampa is called Playa 106.9, which will also be simulcast on 92.5 (WYUU-HD2). It will feature Salsa, Merengue, and Bachata, with artists including Marc Anthony, Juan Luis Guerra, Gilberto Santa Rosa, and Luis Enrique.

It's called Format Tracker, which the company says will provide PDs with greater insight into their station’s ratings results. The report provides a customized selection from 118 different gender/ethnic/age groups, and gives the user the information in an organized, graphical, layout.

The latest GMR court filing states that radio stations represented by RMLC do not want real competition concerning the music they play, nor do they want to pay for the value GMR and its writers bring to the table. And GMR has asked the court to dismiss the RMLC's lawsuit for three reasons.

In his fight with Nielsen, Bubba The Love Sponge had been challenging Nielsen's claim that certain documents were confidential. On Friday, United States District Judge James Whittemore denied Bubba's request to have those documents available for the public to see.

iHeartMedia announced on Friday that it has extended the deadline on an offer to bondholders to exchange $625 million in notes that are due next year. The offer had been set to expire last Thursday night and will now expire at 4 p.m. today.