News

As competitors YouTube Music, Spotify, and Apple Music raise their prices, hi-fi music streamer Tidal is cutting its price in half in an attempt to woo subscribers. The move comes as Tidal combines both subscription tiers into one package and eliminates its free offering.

99.1 PLR/Connecticut morning team Chaz and AJ took their show to Jordan’s Furniture in New Haven Friday morning and raised $109,852.78 in cash and toys. It was their annual four-and-half-hour Chaz and AJ McDermott Chevrolet and Lexus Toy Drive. The toys were immediately distributed to five organizations.

Lazer Media, a Spanish-language broadcaster with more than 40 stations in California and Nevada, has made a new addition to its executive team.

(By Mike McVay) Welcome to what they call "Boxing Day" in Canada and the United Kingdom. It’s when people return gifts. (Thus that name.) In American radio, we call it “the day programming returns to normal."

(By Buzz Knight) I recently came across two great reads that I wanted to share with you. They remind us that every level of success starts by maximizing your team and building a strong leadership foundation. 

Gordon Borrell and Corey Elliott are hosting a guest this week on the Borrell Local Marketing Podcast with a dire warning. The guest suggests that traditional media companies and ad agencies have 12 months to transform or die.

Cumulus CEO Mary Berner will be part of a keynote conversation at the Country Radio Seminar next month in Nashville. Emmis Communications’ New York Market Manager Charlie Morgan will conduct the interview which is called “Radio Today with Cumulus Media’s CEO Mary Berner.” The interview will be Tuesday, February 6 from 3:30 to 4:20 at The Omni Hotel in Nashville.

That's because iHeartMedia in Chicago has hired Steve Vicenteno as Vice President of Automotive specifically to oversee that category for iHeart's Chicago region.

'Prospects for Radio as an Investment in 2020: The Real Street Talk' is just one of panel discussions set for Radio Ink's Forecast 2020 coming up November 20 at the Harvard Club, NYC. Paul Homer, Managing Director of Northwood Venture, will be a member of that panel. Here's what he had to say about investing in radio.

As we reported yesterday, iHeart got into a bit of a battle with bondholders over its debt. Specifically, some of the lenders say iHeart violated covenants by transferring 100K shares of stock to a subsidiary called Broader Media. On Wednesday, the State District Court in Bexar County, Texas, issued iHeart a 14-day restraining order rescinding the notices of default issued by a several iHeart lenders. The court has the option to extend the temporary order another 14 days. As a condition to obtaining the temporary restraining order, iHeart agreed not to dispose of any additional shares until a hearing is held.