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Millennium Radio New Jersey has reached an agreement in principle for a sale to an investor group led by certain funds managed by Oaktree Capital Management. A press release sent out Monday states "subject to receiving required regulatory approvals, certain Oaktree managed funds plan to recapitalize the Company in order to strengthen its balance sheet and position it for continued growth." |
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The details have finally emerged about the battle over Citadel between David Field and Lew Dickey. A battle eventually won by Dickey. David Field told investors Monday "it's no secret we were the other player for Citadel. We were interested. We liked the former ABC stations but not the smaller markets. We bid what we thought was fair." And when the bidding war was too much for Field be bailed. "We have interest in getting bigger but we also have discipline." Field says he showed that discipline by walking away from the Citadel situation. |
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As we continue a slow and steady grind out of a recession everyone is keeping a close eye on what public companies forecast for upcoming quarters. There was a time when nobody would even try to predict what future revenue would be. Now, although not huge gains, most companies see slow growth and slight pressure on inventory. Both Salem and Entercom reported Q1 numbers Monday and both are predicting single digit gains for the second quarter of 2011. |
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Entercom President and Chief Executive Office David Field told investors Monday his company increased net revenue for Q1 by 2% (up to $82.5 million). Station Operating income decreased by 4% (to $20.7 million) and expenses increased 4% to ($61.8 million). Field says when you pull out the comps from political and last year's New Orleans Saints Super Bowl run "same station revenue growth increased 4% in the first quarter." Field says Entercom outpaced other broadcasters in 16 of 22 markets. |
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Salem's Q1 numbers included an overall net revenue increase for the broadcasting business of 3.2% ($42.7 million from $41.4 million). However, same station operating income dropped 3.1% ($14.9 million from $15.4 million). Same station net broadcast revenue increased 3.7% ($41.8 million from $40.3 million) and same station operating income decreased 3.7% ($14.6 million from $15.2 million). Same station operating income margin decreased to 35.0% from 37.7%. |
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This July 15th session at the Conclave will feature John Dickey/COO Cumulus Media, Ginny Hubbard/Chair Hubbard Radio, David Benjamin/President-COO Triad Broadcasting, and Joe Schwartz/CEO Cherry Creek Radio. All topics will be fair game according to organizer Conclave Executive Director Tom Kay: "Wall Street vs radio/public vs. private ownership, the FCC, increased technological competition, the changing nature of corporate environments, and more will be discussed, including frank give and take with the Conclave audience." |
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Talk radio enthusiasts now have an opportunity to broadcast their voice to a global audience using Live365's distribution network and suite of broadcasting tools. The Live365 talk radio package allows users to choose between two broadcasting options, including one that offers full music royalty coverage. With the royalty-covered option, broadcasters can play music worry-free throughout their shows. From DJ novices to professional talk bloggers, the Live365 talk broadcasting package allows anyone to get their message heard. |
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LER, a subsidiary of Entravision Communications and radio sales rep firm representing more than 156 Spanish-language radio stations, 75 websites and multiple mobile platforms, has unveiled a new Spanish-language radio advertising unwired network called LER Network. The launch of LER Network makes LER a one-stop shop for advertisers by offering national spot, unwired network, event marketing and online and digital client advertising solutions through a single 360 platform. |
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Perhaps the example of what took place in Tyler Texas last night is a great example of why radio stations across America should get behind the push to have FM chips installed in cell phones. Public safety is one of the reasons the NAB is making a push to install the chips. Yesterday, Radio Ink publisher Eric Rhoads wrote an editorial about the chips and debuted a new commercial we are hoping radio stations can use to help educate the public. |
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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. |
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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 Radio. Click the headline to order now. |
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May 16: The Spring Talk Radio issue, featuring a provocative interview with Westwood One's Dennis Miller 
