Headlines

Entercom has scheduled a bank meeting for today to launch a refinancing of all of its existing senior and senior unsecured debt. The Company expects to enter into a new $520 million senior secured credit facility composed of a $60 million revolving credit facility with a 5 year maturity and a $460 million term loan B with a 7 year maturity.

Jacobs Media conducts the annual survey with the Public Radio Program Directors association. Over 29,000 public radio listeners from 69 stations participate in the survey that focuses on how media and technology are changing the listening environment.

To say voters are not very happy with their two major-party choices for President this year is not a news flash, and may be the understatement of the century. The folks at NextRadio say a recently conducted survey of NextRadio users found that 35% of the 3,700 respondents do not plan to vote, with another 23% answering they are undecided about voting. And here's what NextRadio discovered when they dug deeper into radio formats...

According to Media Monitors, in the 85 major markets the company gathers data from, Hillary Clinton’s campaign aired 15,609 radio commercials over the past 10 days. Donald Trump’s campaign only ran five spots on the radio.

The six stations Ed Levine's Galaxy Communications is picking up are in the Berkshires area of western Massachusetts, operating as “Berkshires Media Group,” and owned by Gamma Broadcasting. The stations are WBEC-FM, WBEC-AM, WUPE-FM, WUPE-AM, WSBS-AM, and WNAW-AM.

Not too long ago, Charles Osgood retired from his role as host of CBS TV's Sunday Morning news program. However, he continues to be heard on the radio, the medium that got him into the broadcast business, as part of the Westwood One family. When he retired from his television show in September, Osgood said radio was his window on the world.

The Leader-Telegram in Wisconsin has the details about Mid-West Family morning man John Murphy who quit on the air last week. Murphy has been on the air in Eau Claire for 34 years, the last 14 as co-host of the “WAYY Morning Show, where local and national politics are discussed and debated. Murphy told the paper he was done putting up with all the ugliness of today's politics.

In a document filed with the SEC, CBS Corporation said it's changing the way it manages its television and radio operations. This is all in anticipation of the company spinning off its radio division.

(By Bob McCurdy) Radio brings a lot to the advertising table: unparalleled reach, powerful return-on-ad-spend, unique personalities, audio dominance, affordable presence, as well as onsite experiential and sampling opportunities, to name a few.

Emmis CEO Jeff Smulyan gave the board three extensions, the third expired Friday, October 14, without another extension. Smulyan had offered Emmis shareholders $4.10 per share in his third attempt to take the company private. Here's what Smulyan's final letter, filed with the SEC stated...