Cumulus Shareholders Approve Reverse Stock Split. The vote among Cumulus Media shareholders took place today and becomes effective at 5:00 pm ET. This move consists of a 1-for-8 reverse split – eight shares of the company's Class A common stock will be converted into one share – to increase the price of each share. There will be no fractional shares issued; they will be rounded up to whole shares. This obviously results in a reduction of the number of authorized shares of common stock. Cumulus Media's stock has been trading for less than $ 0.75 per share for most of the past year.
Dana McKay Promoted to Music Director at WIAD, Washington. Midday air personality Dana McKay adds music director duties to her list of responsibilities at CBS RADIO's hot AC WIAD "94.7 Fresh FM." McKay also serves as assistant program director and social media manager. Program director Steve Davis says, "Dana is a tremendous talent, an incredible asset to the station and is invaluable to me in programming "Fresh." This additional responsibility recognizes the many contributions Dana brings to us each and every day."
RadioInfo Tidbits. A Veterans Day music special is being made available from Westwood One, for airplay November 11 through 13. WW1 says Kix Brooks hosts the two-hour "A Salute to our Military Veterans with Kix Brooks" in which "he'll play songs that capture America's patriotic spirit, including Brooks & Dunn's staple hit 'Only in America,' along with Toby Keith's 'Courtesy of the Red, White and Blue' and 'American Soldier,' Tim McGraw with 'If You're Reading This,' 'I Drive Your Truck' by Lee Brice, Keith Urban's 'For You,' 'One Hell of an Amen' by Brantley Gilbert, among other songs." Stars joining Brooks on the show include: Tim McGraw, Dierks Bentley, Brantley Gilbert, Brad Paisley, Zac Brown, and more…..CBS RADIO's Las Vegas alternative rock KXTE, Las Vegas "X107.5" is announcing the lineups for its Holiday Havoc concerts taking place December 8 and 9 at the Pearl Concert Theater at the Palms Casino Resort. The first night will feature Blink 182 with special guests Jimmy Eat World, Pierce the Veil, Weathers and The Hunna. The second evening features Weezer, Grouplove, Saint Motel, The Moth & The Flame, and 888…..iHeartMedia's "104.5 The Beat," Orlando's Hip Hop and R&B radio station, is again producing its "Beat The Runway" event – a free music and fashion show featuring live performances by Kayla Brianna, R&B group Glamour, and singer and producer Kevin Cossom, plus the latest fashion trends by world-class and local rising star designers. "Beat The Runway" takes place on November 3 at the Orchid Garden in downtown Orlando. The event will feature a fashion show that highlights a mix of talented local designers, as well as The Pop-Up District, a unique blend of local retailers and pop-up vendors that capture the Orlando Hip Hop and R&B spirit. 104.5 The Beat's on-air personalities DJ D Strong, D Royale, Viva La Koi and Young Scholar will host the show.