News

Those of you hoping to own more radio stations so you could compete on a more level playing field with digital will have to wait a little longer. On Thursday, the FCC announced specifics on Chairman Pai's plan to change the commission's Media Ownership Rules and the radio caps will stay the same.

On Wednesday syndicated host Michael Baisden asked a federal judge in Texas for a new trial after a jury entered $800,000 in damages against him for his alleged refusal to return a $1 million overpayment to Cumulus.

Gregory Simonson has been named the new GSM at Beasley Media Group's Fayetteville, North Carolina cluster. Simonson began his career in New York with the Katz Media Group in 1995 and spent 15 years in management roles in Detroit, Los Angeles, and Atlanta. Most recently, Simonson was the Southeast Regional VP of Advertising Partnerships at Inc.’s iAd division.

WGN Radio has promoted Stephanie Menendez to Director of News & Operations. Menendez has been an integral part of WGN Radio since 2008. A native of Louisiana, she rose through the ranks from producer and Assistant Program Director to Operations Manager.

KIDO Talk Radio/Boise (107.5 FM, 580 AM) signed the extension with Kevin Miller -- Brand Manager for KIDO Talk Radio and host of the Kevin Miller Morning Show. His show focuses on news, politics, community advocacy, and events that affect the lives of people throughout the Treasure Valley.

Commissioner Jessica Rosenworcel is not in favor of Chairman Pai's plan to eliminate some of the media ownership rules now on the books. She posted her thoughts on Twitter last night and she said "not good" and went into specific detail in a speech earlier this month which she linked to in her Twitter post.

WAY Media Network PD Todd Stach has announced that Steve Shore has been named Network Music Director. He took up the role October 1. Shore is a WAY Media and Christian music radio industry veteran, having served in various roles at WAY-FM for the past 15 years.

On Thursday, the Florida Supreme Court, agreed with the Eleventh Circuit Court of Appeals and ruled that Florida common law does not recognize an exclusive right of public performance in pre-1972 sound recordings.

iHeartMedia filed a new document with the SEC on Thursday that detailed some of the negotiations going on between the company and a group of bondholders. From the new filing, we learned two things...

It's not really something we normally see from a radio company. On Thursday, Cumulus pre-released earnings and expects revenue in the range of $286 to $288 million for the third quarter of 2017. Revenue was $286 million in Q3 of 2016 and $289 million in Q3 of 2015. Final earnings will be released on November 9. Here's what the Cumulus CEO had to say about the quarter.