News

According to Bloomberg Intelligence Senior Credit Analyst Philip Brendel, iHeart and its creditors are close to a restructuring deal, despite Liberty Media's last minute unsolicited bid to inject over $1 billion into the company. He calls the Liberty Media pitch to get involved a distraction.

Colin Cowherd, host of FOX Sports Radio and FS1’s The Herd, is launching The Herd Podcast Network. Debuting on iHeartRadio and other podcast platforms today, the Network will feature Cowherd’s daily and weekly podcasts, as well as other podcasts hand-picked and curated by Cowherd.

The NAB says 678 radio stations might be affected by the television auction "repack," and Reps. Bill Flores (R-TX) and Gene Green (D-TX) are asking the House Appropriations Committee to include funds in the 2018 appropriations bill to reimburse radio stations for any "unintended and unavoidable" expenses incurred due to the “repack.”

(By Gabriel Barnes) 2018 is here! Whether you're a sales rep or in management, many of you have probably made a resolution to bring in more revenue at your respective stations. How do you go about doing that? My suggestion: follow the money.

The widow of a fallen officer from Locust Grove, Georgia, was surprised by local country radio station Kicks 101.5/Atlanta and Carl Black Buick in Kennesaw, when they presented her with a customized handicap accessible SUV for her family.

Neuhoff Media stations WXAJ-FM, WFMB-FM, and WDZQ-FM hosted the Annual St. Jude Cares for Kids Radiothon, February 15-16. The radiothon raised $182,592 for research and operating expenses at St. Jude Children’s Research Hospital in Memphis.

94.5 KTI Country's “KTI Bleeds Country” blood drive collected 512 lifesaving units in one day for BloodCenter of Wisconsin. KTI Country artists Dierks Bentley, Dan & Shay, Russell Dickerson, and Chase Rice all were on the air to encourage listeners to give.

KLLL-FM/Lubbock raised $97,796 during their 20th Annual Children’s Miracle Network 36 Hours of Miracles Radiothon. The radiothon took place February 21-22. The KLLL on-air team broadcast live from the studios and the University Medical Center Children’s Hospital playroom.

Gen Media Partners and Synchronicity.co, have partnered to introduce Sync Harmony, a new platform that manages all aspects of a radio station's programming.

The New York Post is reporting that the offer made by John Malone’s Liberty Media is likely to fail "because it undervalues iHeart's 850 radio stations." The Post is quoting a source that says Liberty’s offer values iHeart at $7.5 billion and senior creditors of the company, led by Franklin Resources, believe iHeart is worth 12 percent more, or roughly $8.5 billion.