News

Radio folk are always innovative when it comes to finding novel ways to raise money for charity. So a tip of the hat to WHBC-AM and Mix 94.1 (WHBC-FM) in Canton, OH, for presenting its fifth McKinley-Massillon Food Fight, which took place between October 17 and 28 (that’s a lot of food!).

On October 21, myFM 90.5 Exeter/Grand Bend (Ontario, Canada) held its 3rd Annual South Huron Hospital Foundation Radiothon, raising a massive $91,000-plus. All proceeds go towards Jessica’s House, a residential hospice created to serve the South Huron area.

iHeart's '80s Til' Now station in Detroit, WNIC-FM, have added Allyson Martinek as co-host on the Jay Towers In The Morning Show. Previously, Martinek served as the morning personality for 96.3 WDVD in Detroit.

As we reported last week, CBS Radio's SportsRadio 94WIP has announced Chris Carlin (pictured left) will be joining Ike Reese for afternoon drive. Carlin and Reese will officially launch on Monday.

This time in Grand Rapids where the syndicated host held his Smart Money event at DeVos Performance Hall. Ramsey combined forces with iHeart affiliate News Radio WOOD to promote the event.

It's a newly created position for the company owned by Ed Levine's Galaxy Communications, which also owns 14 radio stations in Syracuse and Utica-Rome. Galaxy Events owns events including Wine and Chocolate Festivals, K-Rockathon, Taste of Syracuse, and many more.

It continues to be a great week for Beasley Media. First the close of the Greater Media deal, then an earnings release with a nice bump in revenue. The $1.5 million increase in top-line revenue for the third quarter was attributed to great quarters turned in by the company’s Tampa, Charlotte, and Fayetteville markets. Both Tampa and Charlotte were markets Beasley picked up from CBS Radio back in 2014.

Being able to spin off four stations to Entercom in Charlotte for $24 million as part of the Greater Media transaction will play a big part in helping Caroline Beasley bring down the company's debt. And that's what she plans to use that money for. Keeping debt low is why Beasley says the outlook for more growth is attractive.

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 become the company's permanent Chief Executive Officer.

After years of stagnation, radio properties might be getting hot again as recent consolidation and restructuring by the industry’s major groups have put almost all markets back in play. From heritage signals in the top 20 to thriving stations in midsize to small markets, these properties are healthy and generating revenue. At Forecast 2017 leading bankers, brokers and equity investors will consider "Prospects for Radio as an Investment in 2017: The Real Street Talk."