Broker Michael Bergner tells Radio Ink the company led by Kirby Confer and Donald Alt completed the sale of two towers, one in Murray, Kentucky, and one in Bowling Green, Kentucky, to Vertical Bridge Holdings, for somewhere between $1 million and $2 million.
The Mike Lupica Show, hosted by New York Daily News columnist Mike Lupica, will be the first joint venture podcast between Compass Media Networks and Hiltzik Creative, the content arm of Hiltzik Strategies. The Mike Lupica Show, a weekly one-hour podcast, will premiere May 17, with Seinfeld creator Larry David as the first guest. Topics will include sports, politics, and pop culture. GO HERE to listen to a sample of the show
reVOLVER is an online destination for multicultural, on-demand audio, and it will now be the home for Radio Hall of Famer Eddie “Piolín” Sotelo. Daily episodes of his El Show de Piolín podcast will be available at www.revolverpodcasts.com, as well as iTunes and Google Play.
That's the advice from Community Broadcasters founder and operating partner Bruce Mittman as we continue our series focused on independent operators. Mittman runs the 10-year-old company with former Pilot Communications executive Jim Leven. Community Broadcasters now owns 44 signals, in Watertown, NY, Ogdensburg, NY, Elmira-Corning, NY, and Olean, NY. They're also in Florence, Sumter, and Orangeburg, South Carolina. Like our other independent operators, we asked Mittman what he believes the radio industry must improve upon in the coming months and years.
LiveRamp is a company that provides data onboarding services to brands, enabling them to upload offline customer records such as CRM and point-of-purchase data for use in digital marketing campaigns. TargetSpot targets ads to streaming audio listeners.
The company reported performance was solid across all divisions. CEO Steven Price said, "We grew pro forma net revenue 6.7% and saw particular strength in many of our local markets." Local advertising net revenue increased 4.4%, political revenue was $1.4 million in the quarter, and other media and entertainment net revenue increased $3.4 million, or 45.3%, to $11.0 million. Townsquare's other revenue is generated from digital, community fun runs, craft beer events, and community expos. The company's live event business decreased 2.2% due to the timing of specific events.
iHeartMedia Chicago's 107.5 WGCI-FM, V103, and Inspiration 1390AM will remember syndicated radio star Doug Banks in a "Public Salute" to his life and legacy Saturday morning. The event will be held at the Harold Washington Cultural Center in Chicago and hosted by V103's Joe Soto and Ramonski Luv, and former Doug Banks Show co-hosts DeDe McGuire, DeeDee Renee, and Bonnie DeShong. Banks died in April at the age of 57.
COO Drew Horowitz confirmed to Radio Ink that the long-time programmer was out and said there was no statement about the change from the company. Horowitz did tell The Chicagoland Radio and Media Blog, this "was a senior management decision to initiate a corporate restructure that was the driver of the change."
The NAB will be running an ad in Capitol Hill newsletters and publications Wednesday, Thursday, and Friday to thank over 250 members of the House and Senate for co-sponsoring the Local Radio Freedom Act. The resolution, which was introduced in Congress in February 2015, has 230 co-sponsors in the House of Representatives and 26 in the Senate.
89.3 WFPL News has hired Ashlie Stevens as a full-time reporter to cover arts and culture in Louisville and across the state. Stevens is a Louisville-based journalist whose work has focused on art, food and drink, and urban preservation.