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The $240 million blockbuster deal announced by Beasley and Greater Media Tuesday night certainly had the radio industry buzzing. Interim CEO and CFO Caroline Beasley says this deal represents a "transformational growth opportunity for the company" founded by her father George Beasley.

There have only been two CEOs at Greater Media since its launch 60 years ago: Peter Bordes up until 2000 and Peter Smyth ever since. Smyth was not available for an interview after the deal was announced Tuesday evening. The press release statement he offered up emphasized how Greater Media and Beasley had a common appreciation for local radio. He said he was delighted Greater Media's stations will become a part of the Beasley family.

Time will tell what the popular CEO does once the 21 stations he's responsible for now, carry the Beasley logo. It was five short months ago that Radio Ink featured Peter Smyth on the cover to highlight Greater Media's 60th anniversary. At the time, we just happened to ask Smyth how much longer he planned to be running a company like Greater Media. Here's what he had to say back then...

Harvey Nagler has been the Vice President of CBS News Radio for over two decades and he's covered a few conventions in his day. This week, Nagler and his radio team are in Cleveland covering the Republican convention, which as Nagler points out in our interview, is no ordinary convention. We spoke to Nagler about CBS Radio's coverage of this historic event, how radio is treated overall and what it's like witnessing history. Listen to our interview HERE.

Remember the good old days when radio promoted itself on nearly every billboard you could see from the highway? iHeartMedia is advertising on one of the most iconic billboards in the country, on top of the old Ruppert Ice House, overlooking the Triboro/RFK Bridge leading into Manhattan.

The NFL's Los Angeles Rams have reached an exclusive rights agreement with KWKW 1330 AM/ESPN Deportes in Los Angeles as their official Spanish-language flagship radio station.

That’s the Salvation Army, in case you were wondering. WPEG Power 98’s No Limit Larry and the Morning Maddhouse will host a special 28-hour radiothon to raise funds for the Salvation Army’s summer overflow shelter for women and children. It’s happening this Thursday, July 21, at 6a.m. at 534 Spratt Street in Charlotte.

Of course what actually happens to radio's largest advertising category still remains to be seen, however, researcher Gordon Borrell writes on his LinkedIn page that automotive dealers, who are increasingly using more and more digital, haven't finished their scale-back of traditional media.

As of August 1, Gow Media will change the sports brand it's aligned with from Yahoo! Sports Radio to SB Nation, in a new partnership with Vox Media, which owns the SB Nation brand.

This is a follow-up to a story we reported back on June 7 where the Association of National Advertisers issued a scathing report about how agencies deal with advertisers.