Headlines

That's according to a report in The New York Post which says hedge fund manager Paul Singer bought an insurance policy on iHeartMedia’s debt — while trying to get iHeart to file for bankruptcy.

Greater Media will celebrate 60 years in the radio business, Thursday. The company was founded in 1956 by Yale classmates Peter Bordes and Joseph Rosenmiller. From the ownership of a single radio station in Southbridge, Massachusetts, the company now owns 21 stations in Boston, Charlotte, Detroit, Philadelphia, and New Jersey.

The folks at Kalil & Company tell Radio Ink that KVSO-AM in Ardmore, KKAJ-FM in Davis, KYNZ-FM in Lone Grove, and KTRX-FM, Dickson, are being sold by LKCM Radio Group to SMG-Ardmore.

Radio's Mentoring & Inspiring Women group has announced its mentees to participate in the 2016 Mildred Carter Mentoring Program. Now in its 15th year, the program matches up-and-coming women in radio with female professionals recognized as successful radio leaders. The program has successfully mentored 35 women since it began. Here is the 2016 class of mentees....

iHeartMedia's NewsRadio 610 and NewsRadio 96.7 in New Hampshire held its second annual Make 12 Hours Count radiothon and raised over $156,000 for Veterans Count, an organization that provides financial assistance, services and resources to New Hampshire veterans, service members and their families.

Emmis is bringing the Hip Hop festival to Tokyo in July. HOT 97 signed a multi-year license agreement with Japan-based Avex Live Creative, an entertainment and production company in Asia.

The question we raised in our headlines Tuesday launched a day-long discussion about how many commercials is too many commercials to play every hour. Let's keep the conversation going today. If you missed our story yesterday, here it is again. Feel free to leave your opinion at the end of the story.

After being pushed down to number two by iHeartMedia's KISS-FM in Los Angeles in 2014, Hubbard's all-news WTOP in Washington D.C. has recaptured the title of top billing radio station in America. Hubbard's all-news outlet in Washington DC took in $65 million in 2015, beating iHeart's KISS-FM by $300,000.

Five of the top 10 stations on BIA/Kelsey's highest billers of 2015 come from iHeartMedia's New York and Los Angeles clusters, totaling $234.9 million. CBS owns four of the top 10 billers, making up another $175.3 million in revenue. Three CBS stations come from New York City, the other from Chicago. Four of the top 10 stations were from the AM dial. Here's a chart of all 10 of the 2015 top billing radio stations in the country.

iHeartMedia's Los Angeles news-talker KFI squeezed back into the top 10 after being MIA for the past two years. The station that was bumped out was CBS Los Angeles alternative rocker KROQ. KFI took in $37.8 million according to BIA/Kelsey. Back in 2011, KFI was the third highest biller in the country with $48 million on the books. In 2012, it had dropped to number six with $46 million, and by 2013 it was off the list.