News

Despite the daily barrage about the strength of radio delivered from Cumulus-owned Westwood One and other research companies, Cumulus revealed a few details about how the radio industry, at least from its perspective, is hurting and why it needs this refinance.

The station beat its original goal of providing 800,000 meals for the needy in Ann Arbor area during the holiday season, raising well over 1 million meals with partners Food Gatherers and Kroger through the 28th Annual Rockin' for the Hungry. The food and fund drive benefits Food Gatherers, the area's food rescue program and food bank.

Thanks to St. Louis’ 106.5 The Arch, a lot of troops will be hearing that this Christmas. The Arch’s Morning Show Spencer’s Neighborhood actually belied the name of their “2,000 Cards for the Troops” program – they collected over 13,000 holiday greetings for hospitalized veterans at St. Louis’ two Veteran’s Administration hospitals!

Clark Howard and Cox Media Group’s Altlanta cluster station’s News 95.5 and AM750 WSB (WSB-AM/WSBB-FM) have kept the Christmas spirit momentum going for radio.

WGN Radio has signed Chicago's own Bill Kurtis as the station’s signature voice. Starting in January, Kurtis’ voice will be integrated into the station’s audio branding and heard on WGN’s promos and IDs.

It's been quite a year for Beasley Media Group and acting CEO Caroline Beasley. She’s been interim CEO since March, following George Beasley’s medical leave of absence. As of January 1, the interim tag comes off and Caroline Beasley will be the company’s permanent Chief Executive Officer. She also worked the blockbuster $240 million deal to purchase Greater Media.

The majority of iHeartMedia's senior note holders (due in 2021) have agreed to amend the terms that govern those bonds. Holders of senior notes representing approximately 81.5% ($1.28 Billion) of the outstanding principal amount of the senior notes consented to the amend the terms. That's the good news.

In a Facebook posting Jonathon Brandmeier announced Monday was his last show in syndication. "The plug has officially been pulled. Today was our last live show on the Westwood One Radio Network."

The award-winning radio and CMT personality is doing his part to make sure our troops overseas get some back-home cheer along with their Christmas...

This goes back to December 6th when Cumulus announced the plan to launch a private exchange offer for its 7.75% senior notes due in 2019. The company announced Monday evening that the majority of those note holders have agreed to participate.