On the Media Monitors weekly radio ad chart, Burger King jumped all the way up to the fourth spot by airing 31,202 commercials on radio stations across the country. The restaurant chain wasn't even in the top 100 on the chart last week.
The technology division (NAB Labs) of the National Association of Broadcasters has invested in a Baltimore company called Yet Analytics. Yet Analytics provides platforms for the multi-source collection and analysis of human and machine performance data within Fortune 500 companies and other large organizations.
Calling it the "All New 102.7 The Beach," Entercom is relaunching its classic hits station in South Florida. The station will now feature artists such as Pet Shop Boys, Madonna, Duran Duran, Prince, Blondie, Guns and Roses, and others. The station has been playing some form of classic hits for over 25 years, with some songs as far back as the '50s and '60s.
The new format is called “FUN 96.9 FM (KQOB), it's a rock-leaning Classic Hits format featuring a mix of pop and rock hits from the `60s, `70s, and `80’s. Artists now being heard on the station include: The Eagles, Doobie Brothers, Steve Miller, Fleetwood Mac, The Rolling Stones, Bruce Springsteen, and Journey.
It's astonishing to think of how much has changed since attending my first CES in 2008. Our society has become attached to mobile devices, which has created good/bad outcomes and opportunities for many industries (including ours).
Alpha CEO Larry Wilson has been named Radio Ink's Radio Executive of The Year and will appear on the cover of the upcoming issue of Radio Ink magazine. Wilson dominated the past year in terms of the number of stations purchased and has quickly grown his company to the fourth-largest in the industry in terms of stations, behind iHeart, Cumulus and Townsquare. Upon the successful completion of all pending transactions, Alpha Media will own 252 radio stations in 54 markets. The big question now is what's next for Wilson and Alpha? Does he try to go public or wait and operate for awhile until the industry stabilizes? Here's an excerpt from our upcoming cover story interview.
All eyes will be on innovation this week as CES opens in Las Vegas Wednesday. iHeartMedia CEO Bob Pittman will make an appearance. Pittman will be interviewed by popular iHeart host Ryan Seacrest on Thursday at 2:15. Check out the entire CES agenda HERE and watch for our updates from CES from Greater Media's Buzz Knight.
On New Year's Eve, Cumulus completed a discounted prepayment of a portion of its $1.9 billion senior secured-term loan facility due December 2020. Cumulus purchased $64.9 million of its senior secured-term loan for $50 million, a discount of 23%.
The Radio One board of directors authorized a repurchase of shares of the company's Class D common stock. The repurchase program authorizes the repurchase of shares with an aggregate value of up to $3.5 million.