Beasley Exercises Grace Period for Interest Payments on Exchange Notes
Beasley Broadcast Group, via subsidiary Beasley Mezzanine Holdings, LLC is electing to use the 30-day grace period for the interest payments due February 1, 2026 in the amount of approximately $8.5 million under the 9.200% senior secured second lien notes due 2028 and in the
amount of approximately $1.7 million under the 11.000% senior secured first lien notes due August 1, 2028. In its filing with the Securities and Exchange Commission states, “The decision to utilize the grace period will not trigger an Event of Default under the indentures governing the Notes and the Company retains the right to make the interest payment to the holders of the Notes through the end of the grace period. The decision to utilize the grace period does not impact any of the Company’s business operations or obligations to advertisers, employees, suppliers or other stakeholders.” Beasley says it is “actively engaged in discussions with various stakeholders with respect to a number of potential alternatives regarding a restructuring of the Company’s outstanding indebtedness and strengthening its overall financial flexibility. At this time, no agreement has been reached regarding the Company’s indebtedness, and no assurances can be given as to the timing or outcome of this process.”
having a first-class digital experience alongside fantastic local programming. Audiospace understands that and they understand radio. They’re not just building apps and websites, they are helping us connect with our listeners while also unlocking new revenue opportunities for our advertisers. We thrilled to be working with Audiospace, we expect this partnership to help take Connoisseur Media’s digital game to the next level.” The first websites and apps were successfully launched in early December, with additional releases scheduled in the coming weeks.
results has made her an invaluable leader within iHeartMedia.” Blazer has been with iHeartMedia since 2013 and serves as national news, talk, and sports brand coordinator, news director for the Florida News Network, program director for Miami’s WIOD and WINZ, and program director for Tampa’s WFLA. Market president Shari Gonzalez adds, “At iHeartMedia Miami, we’re fortunate to have exceptional programming leadership, and Grace is a shining example of that excellence. With 12 years of unwavering passion, strategic vision and meaningful impact across our organization, Grace has consistently raised the bar. We’re thrilled to recognize her achievements and promote her to lead our dynamic cluster into the future.” Blazer comments, “I’m incredibly proud and excited to step into my new role at iHeartMedia Miami. iHeartMedia is a powerhouse of creativity and bold ideas, and I’m energized by the opportunity to help shape our Miami brands growth and collaborate with some of the most extraordinary programmers in the industry.” 
Show Award for “Key Bridge Collapse” in the Outstanding Spot News Reporting category. Director of news and programming Julia Ziegler says, “Our goal every day is to serve those who live in this region by delivering to them the stories that impact their lives. The newsroom pushes hard to produce content for our audio, web and social platforms that informs and engages our audience. It is an honor to be recognized for this work.”
company “did not keep secure including social security numbers, financial account details, and health insurance data.” But the thrust of her complaint is that iHeartMedia delayed notifying users. iHeartMedia didn’t conclude its investigation until last month and began the notification process on April 30. 
When a blogger found “no biography, or further information about the woman who is supposedly presenting this show,” it forced Australian Radio Network to 
home first place for Best Newscast. in the annual Intercollegiate Broadcasting System College Media Awards. Winners were announced on March 8 in New York City. WRFH/Radio Free Hillsdale 101.7 FM general manager Scot Bertram says, “I’m proud of Emily and all of our WRFH students for their work. There were thousands of submissions from college stations across the country, and it is exciting to see one of our students accept top honors in a very important category.” WRFH had finalists in eight categories. 
with more than 250 affiliate stations. Coglianese comments, “I am beyond thrilled to be stepping into this role with Westwood One and Silverloch and can’t thank my WMAL family in Washington enough for the eight incredible years we’ve already spent together. I also want to offer a special thank you to Dan Bongino for selflessly returning to service for his country. His decency and sacrifice are a true testament to his character. Now we take things to the next level. I’m deeply conscious of the history-making legacies of these broadcasts, which is why we will be delivering the ultimate three-hour live radio show and one-hour podcast for the millions of Americans who demand the truth.” Westwood One president Collin Jones adds, “Vince’s star has been on the rise, and we’re thrilled to welcome him to the unparalleled Westwood One platform to expand his reach even further. Vince’s unparalleled ability to combine realism with sharp political insight makes him the ideal host to captivate audiences across both live radio and podcasting. ‘The VINCE Show’ and ‘VINCE’ podcast will quickly become cornerstones of our industry-leading conservative talk lineup.”
Audacy, Inc. announced the resignation of chief financial officer, Rich Schmaeling, effective immediately (2/10), to pursue other business opportunities. Schmaeling will remain available to the company as needed to ensure an orderly transition of his responsibilities. 
Audacy will not name a new CFO in the near term. “On behalf of the entire team, I would like to thank Rich for his contributions to Audacy,” said Kelli Turner, interim CEO and president, Audacy. “We are well positioned with the finance team in place.” Schmaeling joined Audacy as EVP, chief financial officer in 2017.
TALKERS publisher Michael Harrison addressed a packed house of New Jersey political, civic, and business leaders at last Friday’s Hurley in the Morning Foundation Charity Dinner in Atlantic City (10/4) discussing the biological and sociological impact of modern era communications technology. In this clip, he discusses the potential influence of AI on the talk show host job market. One of the many highlights of Harrison’s 48-minute keynote address was his observation that it is very possible for robots powered by artificial intelligence to be able to hold multi-faceted on-air conversations with each other or with guests or callers by tapping into their ability to instantaneously access every talking point already out there in cyberspace – left, right, or center – and to present them with an endless array of voices and attitudes. To protect their jobs and future against this formidable competitor, Harrison advises talk show hosts to significantly “up their game” and operate with more originality outside the realm of hackneyed talking points. To see a brief clip of Harrison’s comments please 
As millions of voters across Los Angeles County decide how to cast their ballots in the pivotal race for district attorney, Audacy’s KNX News 97.1 FM and the Los Angeles Times are joining forces to present a live debate between incumbent George Gascón and challenger Nathan Hochman on October 8 at 5:00 pm PT. Sources at Audacy Los Angeles tell TALKERS, “With criminal justice top of mind for voters across Southern California, the KNX News/L.A. Times debate will dig into the key issues impacting safety, equity, and quality of life for the residents of America’s most populous county ahead of the November 5 election. The one-hour, commercial-free debate will air on KNX News (97.1 FM & 1070 AM) with live video available on the digital and social platforms of KNX News and the Los Angeles Times. KNX News anchor Mike Simpson and chief correspondent Charles Feldman will moderate the debate. Panelists will include L.A. Times reporters James Queally and Brittny Mejia and KNX News reporter Emily Valdez. Media interested in attending should contact Alex Silverman at 
of Virginia teamed up with the Richmond Flying Squirrels baseball team for an awareness campaign and fundraiser called, “Pie Dad in the Face,” which takes place during home games at The Diamond. Katz says, “I ‘volunteered’ knowing full well that my kids were unavailable, but my best friend Jamal offered the services of his son Judah who was more than happy to lay the whipped cream down on Uncle Jeff.”
questions as it did answers about what young broadcasters entering professional media today should be prepared for in navigating the unpredictably turbulent waters of the next decade and beyond. Among the sweeping panorama of topics covered in his address, Harrison told the students, “When looking to the future, don’t be too sure that current events will follow a predictable script. There are always ‘black swan events’ that change the storyline and our expectations in an instant. Plus, there are multiple outcomes, possibilities, and forks in the road for almost every situation.” Regarding the current focus on artificial intelligence, Harrison advised, “All technology is a double-edged sword and AI will prove to be a particularly consequential one with both positive and negative implications. However, don’t fall into the age-old trap of thinking that productions and performances created or enhanced by new technology are necessarily ‘artificial’ or ‘fake.’ New tools not only create new art, they have an irrepressible influence on giving rise to new culture. The immediate years ahead are likely going to provide us with the challenging question of ‘what does it mean to be truly human?’” Harrison concluded, “As young broadcasting students in 2024 looking to make a difference in the world, be prepared to face the challenge of following your dreams, ideals and inspiration while confronting the harsh realities of making a living in a stressed environment of relentless change. We live our lives in this business at the dangerous intersection between art and commerce.”
received a substantially final form of agreement with respect to a consensual transaction relating to the Issuer’s funded indebtedness satisfactory to such lenders on or before December 15, 2023, the grace period extension expires after 45 calendar days. This is relevant to the following Credit Facility interest payments: approximately $17,000,000 originally due on October 31, 2023; approximately $785,592 originally due on November 8, 2023; and approximately $1,125,000 originally due on December 28, 2023. Regarding the Receivables Facility Amendment, it amends the cross-default that would otherwise occur under the Receivables Facility in respect of certain defaults in the payment of interest under the Credit Facility, with the effect that such interest payment defaults will not result in an event of default under the Receivables Facility until the expiration of the 68 or 45 calendar day grace periods… and extends certain related covenant accommodations with respect to the Company’s liquidity position through January 7, 2024.”
The filing comes as Audacy “continues to engage in discussions with its creditors with respect to a number of potential alternatives regarding a restructuring of the Company’s outstanding indebtedness.” It also announces in the filing that JPMorgan Chase Bank, N.A. has resigned as Letter of Credit Issuer and Swing Line Lender (both as defined in the Credit Facility) and that Wilmington Savings Fund Society, FSB was appointed as Administrative Agent and Collateral Agent under the Credit Facility.
company says, “The numbers don’t lie. America’s military heroes are struggling with money. A recent survey conducted by Wounded Warrior Project finds six in 10 veterans did not have enough money to make ends meet at some point in the past year. The survey also finds the rising cost of goods is the top-rated source of financial strain.” Dave Ramsey comments, “Veterans who’ve selflessly served to protect our freedom deserve to feel freedom for themselves and their families. It’s not just about financial education; it’s about transformation. Winning with money takes sacrifice, perseverance and determination — qualities veterans know all about. We’ll give them the tools, and they’ll get it done.” 
GOP presidential nomination and says he’ll put his support behind Donald Trump. “As I look at the path forward, and after careful consideration and consultation with my campaign team, I have made the difficult decision to suspend my campaign.” Elder was unable to get a spot on either of the two Republican presidential debates held so far. 
monthly, and 77% have ever listened to podcasts. “All of this podcast and AM/FM radio audience duplication means there are great cross-promotion opportunities.” Among the podcast audience, over half the ad-supported time spent goes to podcasts themselves at a 53% share. AM/FM radio follows with a 37% share. Distantly following are ad-supported SiriusXM (4%), ad-supported Spotify (3%), and ad-supported Pandora (3%). Additionally, MARU/Matchbox was commissioned to study Cumulus Media radio listeners who listened for at least an hour to stations in Dallas, Chicago, Detroit, San Francisco and Atlanta and were exposed to promos for eight Cumulus Podcast Network podcast titles. Overall, 54% of the Cumulus radio audience were aware of the eight Cumulus Podcast Network podcasts. A much larger promotion of heavy AM/FM radio listeners (67%) were aware of the podcast titles, and a whopping 75% of the heavy AM/FM radio streaming audience were aware of the podcast titles. 
As this week’s first Republican presidential debate looms, my FOX News Radio-affiliated client stations are irked. Thanks to their network, they’re carrying it live, and locally sponsored, and promo-ing it aplenty. A couple of my clients will travel to Milwaukee to wrap pre- and post-game color around the play-by-play. So, yuh, they’re irked.
What happens when the world-wide leader is for sale? When they stopped spanning the globe 25 years ago, I thought the budget cut would help the leader. I could still hear the great Jim McKay describing the agony as Vinko Bogataj rolled down that ski slope in utter defeat. There were so many different images of the thrill of victory, but for most of the 37 seasons of “Wide World of Sports,” the agony of defeat was forever connected to that helpless Yugoslavian skier.
that includes AM 570 WMCA and AM 970 The Answer. Radio broadcasting background is preferred – especially applicants with an already existing book of business and contacts – but not entirely necessary for the right candidate. Interviewing now! 
delist the company’s common stock pending completion of applicable procedures. Trading of Audacy’s common stock on the NYSE is suspended but the common stock will continue to be able to be traded over the counter. Audacy says it intends to appeal this determination by the NYSE by filing a written request within 10 business days after receiving the notice. Audacy chairman, president and CEO David J. Field says, “Over the past few years, we have taken a number of transformational actions to give Audacy a leading, differentiated, and scaled position in the dynamic audio space, including podcasting, streaming audio, and our leadership presence across the country’s largest markets and our unrivaled strength in sports and news radio. While we are disappointed by the NYSE’s decision, we are hopeful we will find our way back to the exchange later this year as we execute our action plans which include a reverse stock split to satisfy NYSE rules, the continued execution of our liability management plans and working with our financial advisors to refinance our debt. Further, as macroeconomic conditions stabilize, we believe we will benefit from a general market recovery and will be able to capitalize on our investments in strategic transformation that position Audacy well for the future.”