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Monday, November 29, 2010

Nov. 29: Citadel fundraising; What's up at the App Store?; Radio one refi



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Today's Headlines November 29, 2010

Citadel Sets Half-Billion Note Offering

Citadel Sets Half-Billion Note Offering

Citadel Broadcasting plans to raise $500 million with an offering of new senior notes due 2018, with proceeds to be used to pay down debt.
Convergence Technology
Sponsored by
Is Apple Rejecting Single-Station Apps? 

Is Apple Rejecting Single-Station Apps?

Jim Barcus, presidet of DigitalJukeBox.com and DJBapps.com, says Apple has made a blanket decision to reject iTunes apps that offer only single stations and that Apple is equating such apps with spam. But that hasn't been everyone's experience.

NY Post: No Google Music By Christmas

NY Post: No Google Music By Christmas

Google is dueling with labels over a proposed cloud music service, the New York Post reports, and is unlikely to get the service online by Christmas. The Post's source says the labels are worried about a "digital locker" where users could store their own music for streaming.

REALTORS®: Your Hottest New Prospects!

ADVERTISEMENT -- REALTORS® spend $1 billion annually to market their services and 30% are ready to buy radio! See the video from the NATIONAL ASSOCIATION OF REALTORS® Annual Conference. Read more.
Washington
Sponsored by
FCC Extends EAS Deadline

FCC Extends EAS Deadline

The FCC has agreed to extend the deadline for complying with the new Common Alerting Protocol for EAS to September 30, 2011, or 360 days after the protocol was approved by FEMA. The order originally called for a 180-day deadline.
Industry
Sponsored by RazorGator - Buy Hard-To-Get Tickets
Radio One Completes Refinancing

Radio One Completes Refinancing

Radio One has completed its previously announced note exchange, refinancing substantially all the company's debt. An amendment to its senior secured credit facility is now effective, and with that, all defaults have been cured or waived.
Sirius, XM Will Merge In Canada 

Sirius, XM Will Merge In Canada

Sirius Canada is set to merge with XM Canada parent Canadian Satellite Radio Holdings in an all-stock deal valued at about $520 million CDN. The pair have about 1.7 million subscribers combined.

Citadel Execs Get Stock Options

Citadel recently withdrew controversial stock grants to top executives including CEO Farid Suleman, and now replaces the grants with stock options. Suleman get options, vesting over three years, on 1.9 million shares at a $28 exercise price and 632,398 at $32.
Research
Report: Schlessinger To Join Sirius XM 

Report: Schlessinger To Join Sirius XM

Dr. Laura Schlessinger is set to end her broadcast show on December 31, and AP reports that she has signed a new multi-year deal to bring her show to Sirius XM in 2011.

Arrest Made In Threat Sent To WFTL

A Florida woman has been arrested in connection with an e-mail treat sent to WFTL/Ft. Lauderdale talk host Joyce Kaufman saying "something big" would happen at a Broward County government building. The woman later allegedly called the station to say her husband intended to start shooting at a school, leading to lockdowns at 300 area schools.
Radio Ink

Forecast: The Confidential Effect

At Radio Ink's Forecast 2011, seven group heads will be on hand for the annual "Leadership Speak-Out." Forecast's no-press policy means these industry leaders will feel free to speak openly, and this session is historically candid, conversational, and occasionally heated. On the panel: Cumulus' Lew Dickey, Entercom's David Field, CBS Radio's Dan Mason, Emmis' Jeff Smulyan, Greater Media's Peter Smyth, Citadel's Farid Suleman, and ICBC Broadcast Holdings' Charles Warfield. Moderating is Wells Fargo Securities' Bishop Cheen. Get these leaders' take on the year ahead, only at Forecast, December 7 in New York. Click the headline to learn more, or click here to register.
New Mighty Red II Debuts: New Features Never Before On ANY Radio

New Mighty Red II Debuts: New Features Never Before On ANY Radio

Radio Ink debuts the Mighty Red II, bringing back the little HD radio with mighty HD sound. New features on the Mighty Red II include Artist Experience -- cover art, artist info, and more -- onscreen ads that can be synced with audio, Live Pause, and song and ad Bookmarking. It's a great gift for clients to show them what's really possible with HD, and makes a perfect gift for station staff. Click the headline to order now, for delivery before the holiday.
Get The PastBlast iPad App

Get The PastBlast iPad App

PastBlast, the new iPad app from Radio Ink is available now in the Apple App Store. Historical audio, photos, and more from every era of radio's history, with navigation through a beautiful, fully equipped retro radio studio. Click the headline to see it, or get it here.

Updated: Radio Pros Available

The economy is slowly turning around, and broadcasters are beginning to hire again. Put your name in front of the industry with a free listing in Radio Pros Available. And we'll be happy to post your aircheck or demo, or a link to your website. Click the headline to learn more.

December 6: Cover Q&A with Huffington Post co-founder/Editor and Forecast keynote speaker Arianna Huffington
The annual Book of Lists
SNL Kagan's Robin Flynn on the state of the deal market


Plus:
Skip Pizzi'
s Tech Ink:
Cliff Effect: 2010 Radio Technology Review -- Skip's regular column recounts
a remarkable year in tech developments for radio broadcasting.
Soapbox: RDS Revisited -- Lukas Hurwitz of Inovonics details the latest metadata developments for FM


Coming up in Radio Ink:
January 3: Radio Executive of the Year
January 17: Small-Market Success Stories/GMs' Forum

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