Just Radio Only: July 16: Big merger coming together; CC thinks bigger; Apple's bumper crop

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Today's Headlines July 19, 2010

Updated: GAP Moving Toward Merger With Townsquare

FCC paperwork has been filed to transfer GAP Broadcasting stations to Townsquare Media, and Townsquare CEO Steven Price tells Radio Ink that, though there is no definitive merger agreement as yet, the process is "far enough along that we were able to file with the FCC." He also confirmed that GAP President George Laughlin and GAP West President Erik Hellum will have senior roles with the merged company.

Washington

In FCC Comments, Clear Channel Thinks Big

Commenting in the FCC's quadrennial ownership rules review, Clear Channel Communications is thinking on a large scale: After saying that any limitation on radio ownership is no longer justified, the company suggests a two-tiered structure that would allow companies to own up to 12 stations in large markets, and an end to the AM and FM subcaps.

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.

Business

Internet Media Leads First-Half M&As

Berkery Noyes reports on media-industry mergers and acquisitions in the first half of the year, noting that Internet media led in volume, with 104 transactions. The biggest deal: Warburg Pincus and Silver Lake Partners' pending purchase of Interactive Data Corp. for $3.25 billion.

Radio One Extends Exchange Offer

Radio One has extended the expiration date of its earlier debt exchange offer to July 31. About 89.8 percent of the existing notes had been validly tendered as of July 15.

Industry

Conclave Continues Friday

The annual Conclave learning conference continued Friday, with a packed agenda that kicked off with a keynote featuring Bonneville' Bruce Reese, Connoisseur Media's Jeff Warshaw, and more. Reese said that, in the battle over the Performance Rights Act, "The odds are stacked against us." The annual Conclave wound up over the weekend.

Union Radio Names Two Top Execs

Union Radio, which has two U.S. Spanish-language stations and more than 1,200 stations worldwide, names Javier Cortezon managing director and Javier Viroomal Carreno digital director.

BAS Reps King's Poker

Broadcast Affiliate Sales signs an exclusive sales representation agreement with King's Poker, hosted by Michael King.

Convergence Technology

Buy An iPhone 4, Get A Bumper

Apple CEO Steve Jobs held a press conference Friday to address issues with the iPhone 4 antenna and reception. He denied any "antennagate," the Wall Street Journal reports, but Jobs said iPhone 4 buyers will receive a free "bumper" that should help solve the problem with the wraparound antenna.

CBS Radio Debuts New Streaming Media Player

CBS Interactive Music Group and CBS Radio have launched a new streaming platform, based at the URL Radio.com. The site combines "scrobbling" music discovery technology from CBS's Last.fm.

Radio Ink

Suleman To Co-Chair Forecast 2011

Radio Ink is pleased to announce that Citadel CEO Farid Suleman will co-chair Forecast 2011, set for December 7, 2010 at the Harvard Club in New York. Suleman, who has headed Citadel since 2002, will co-chair Forecast with Wells Fargo Securities' Marci Ryvicker.

Read Radio Ink On The iPad

Radio Ink magazine the first radio industry publication on the iPad and among of the first of all publications. With the iPad's touchscreen, you can flip through the digital edition just as you would a copy of the magazine, with live links, interactive ads, links to video, and with more interactive features on the way.

Updated: Radio Pros Available

The economy is 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.

July 26: A Q&A with Univision SVP/Southeast Regional Manager Claudia Puig
Wells Fargo Securities' Marci Ryvicker and M.E.D.I.Advisory Group's Jack Myers look at second-half projections
Daniel Anstandig and Jon Erdahl on "Five Moves to Make in Q3"
Skip Pizzi's Tech Ink, looking at networked audio solutions for radio studios and recapping the RadioTech Summit.

**Coming up in Radio Ink:
August 9: Networks/Syndication; Local Talk
August 23: New Media Spotlight
September 6: Pre-NAB Manager's Guide

Also:
October 18: Radio's Top PDs
November 1: Focus on radio's top advertisers
November 15:** The Best Managers in Radio

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To reserve your space in these issues, contact your Radio Ink representative or Deborah Parenti at deborah@radioink.com today.