The size of Entercom’s investment into the world of podcasting has been revealed. According to a regulatory filing on Friday, Entercom says it paid $9.7 million to buy its 45% stake in the on-demand audio entertainment provider DGital Media. Entercom also tells investors that it has an option to buy DGital outright in 2021 under..
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Update: Entercom’s Investment In DGital Media Totals $9.7M.
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New Contract Keeps Pat Walsh At Emmis Through Mid-2019.
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Emmis Communications has locked in president/COO Pat Walsh with a contract extension that will keep him with the radio group through July 2019. Walsh came to the company in 2006 as CFO and added the COO title in December 2008. He handed off his CFO title in 2015 during a restructuring that elevated him to..
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Entercom Leaps Deeper Into Podcasts With DGital Media Stake.
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Entercom is taking a bigger leap into the fast-growing world of podcasting. The broadcaster has purchased a 45% stake in DGital Media and formed a strategic partnership with the on-demand audio entertainment provider. As part of a multi-year services agreement, DGital Media will create original on-demand audio content that leverages Entercom’s local talent and relationships..
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Deal Digest: M&A Market Picks Up With New Sales, Closings.
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Multistate Deal – Jon Kelly files a $31,969,066 deal to take a controlling stake in SummitMedia, which owns 23 stations in Birmingham, AL; Greenville, SC; Honolulu; Louisville; Richmond, VA; and Tuscaloosa, AL. Kelly will take a 65% stake in the company that had been majority controlled by the private equity firm HighPoint Holdings since SummitMedia..
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GMR Survives First Interim License Hurdle In RMLC Battle.
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A request by Global Music Rights asking a federal court to reject an attempt by the Radio Music Licensing Committee to force the performance rights organization to offer interim licenses after a looming Sept. 30 sunset date has survived its first hurdle. U.S. District Court Judge Darnell Jones has referred the motion to U.S. Magistrate..
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Bridge Study: Big Growth In Podcast Listening, Ad Retention.
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In a recent pair of studies, Bridge Ratings identified and placed podcast listeners into four user categories—Heavy, Occasional, Light and Very Light (Grazers). The resulting “Podcast Report” combines the two studies, held Aug. 2016 and June 1-14, 2017, to compare the distribution of the four groups across the two studies and provide feedback on how..
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Brendan Carr Nomination Hits A Speedbump On Road To FCC.
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Despite some party-line opposition to giving a new term to Federal Communications Commission chief Ajit Pai, the chairman and veteran commissioner Jessica Rosenworcel easily cleared a key hurdle on Wednesday as the Senate Commerce Committee voted to advance their nominations to the full Senate for a vote. But for Republican nominee Brendan Carr the path..
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Urban One’s Sluggish Q2 Ends On June High Note.
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Amid a sluggish radio advertising market, minority media company Urban One suffered a disappointing second quarter, although company executives say conditions are looking up for its radio and TV properties. The main reason for the optimism: sequential improvements, and positive trends in June. At the company’s Radio One radio division, revenue was down 5% for..
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Inside The Deal: CBS News Radio Inks With Distributor Skyview.
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In a major shakeup in the radio news business, CBS Radio News will end its decades-long distribution and sales alliance with Westwood One to partner with Skyview Networks. With the switch, Scottsdale, AZ-based Skyview, a relatively unknown boutique player only a few years ago, is becoming a formidable industry services provider. In addition to securing..
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Charly Morgan Adds Middays At WSB-FM.
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Charly Morgan gets the official nod as midday host at Cox Media Group AC “B-98.5” WSB-FM Atlanta. Morgan, morning co-host at co-owned country WNGC (106.1) Athens, had been handling middays on an interim basis at B-98.5 since May. “I’ve been listening to Charly on WNGC for years, her sound, personality and style are a perfect..
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