Debt Restructure Looms For Audacy As 2023 Revenue Slows
As the radio industry grapples with declining advertising revenue, Audacy is preparing to enter negotiations with financial creditors in an effort to restructure its debt, say insiders familiar with the situation. Creditors, bondholders, and Audacy itself have enlisted several law firms.
SiriusXM Boasts Enhanced FEMA Connection Amid AM’s Battle
FEMA and SiriusXM have announced a bolstering of their partnership, aiming to enhance the connectivity of FEMA’s Integrated Public Alert & Warning System for the National Public Warning System. The change comes as AM relies on EAS for its continued place in the dash.
Michigan FM To Pay $100k Settlement Over Tower Contract Breach
WGHN has agreed to pay over $100,000 to the City of Grand Haven to finally put a tower site dispute that left the station off the air for months to rest. Grand Haven pulled the plug on WGHN for contract breaches in November of 2022.
RAB Announces 2023 Rising Through the Ranks Scholarships
The list of scholarship recipients for this year's Rising Through the Ranks program has been revealed. Virtual sessions are set to start on August 1, culminating in an in-person event from August 8-10 at the BMI Nashville office.
Garth Brooks Surprises 2023 Country Radio Hall Inductees
Country Radio Broadcasters celebrated the 2023 Country Radio Hall of Fame awards at Nashville's Virgin Hotel on Monday night. The event paid tribute to the profound impact of key country radio personalities and their contributions to the genre.
Nueva Network Goes International With Mexico Expansion
US-based Hispanic audio distributor Nueva Network has announced its expansion into Mexico with the launch of Nueva Network México (NNMEX). This new division will support Mexican companies aiming to reach the US market, focusing on the US Latino demographic.
Colorado Lawsuit A Reminder To Always Pay Your Music Licenses
Despite repeated warnings since August 2021, a Grand Junction, Colorado alternative station continued to air songs without settling music royalty dues to groups such as Broadcast Music, Inc. (BMI) earning a lawsuit from numerous music licensing groups.
Matt Sunshine Teaches Top Sales Habits For Free On August 2
Mark your calendar! On Wednesday, August 2, at 1p ET, Radio Ink and the Radio Masters Sales Summit will present an exciting and informative webinar with Center for Sales Strategy CEO, Matt Sunshine, hosted on Facebook Live.
Cumulus Uncovers Six Ad Insights Into Healing Auto Market
According to recent data from Cox Automotive, the US auto marketplace is continuing its steady post-pandemic recovery, and radio is a key player in that growth. For May 2023, total new-vehicle sales surged by 23% compared with the previous year.
The IBA Celebrates Its Fourth Birthday With New Policies
As the Independent Broadcasters Association celebrates its 4th anniversary, it's marking the occasion with an array of improvements and new policies designed to better cater to its members. A key change includes a cap of 300 company members.















