News

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.

Today, CBS News Radio will unveil new original news, finance, and entertainment programming at its first-ever upfront presentation to advertising executives, at the CBS Broadcast Center in New York City.

That's what The Sporting News is reporting. Michael McCarthy writes that up to 40-60 more positions could be eliminated at the sports network, including some on the radio side. Earlier this year ESPN eliminated 100 positions. McCarthy quotes a source saying, "This time it won't matter if you're 'liked' or not. It's not going to be pretty."

In response to President Donald Trump declaring the nationwide opioid epidemic a "public health emergency," NAB Executive Vice President of Communications Dennis Wharton made the following statement...

(By Eric Rhoads) Yesterday Suzanne Grimes announced that radio advertising on Westwood One will provide an ROI guarantee to clients. This is absolutely brilliant. Though this is something I encouraged the industry to do in an editorial more than 10 years ago, Grimes is, to my knowledge, the first to actually do it.

Advertisers just want their advertising to work. They judge those results by how much sales increase. Advertisers sort of believe radio works, but without the kind of instant ratings they get with TV, and instant data they get with digital, radio can be kind of a crap shoot for them. Is Westwood One about to start a trend to change all that? Will this lead to more revenue for radio? We asked the person who introduced the new program, EVP of Corporate Marketing for Cumulus Media and President of Westwood One Suzanne Grimes.

According to Mansion Global the former Citadel CEO and his wife have listed their Miami Beach mansion for $22.5. The magazine says this little beauty is 8,500 square-feet, has three kitchens, a pool and spa, a gym, two guest suites, 24-hour security, a 2,000-square-foot rooftop terrace and parking for seven cars.