Industry News

TALKERS News Notes

KAB

Sirius XMSiriusXM to Open Technology Center of Excellence in Ireland.  SiriusXM Satellite Radio has opened of a new state-of-the-art technology facility in Dublin, Ireland. The Company’s Dublin-based employees are expected to play a critical role in the audio entertainment company’s continued digital transformation and will function as a “center of excellence” for SiriusXM’s Product and Technology organization. SiriusXM is supported by the Irish government through IDA Ireland.  SiriusXM’s Dublin workforce will primarily focus on software development, automotive technology and engineering, adtech, data science, and analytics. Talent based in the new technology hub will be charged with developing and implementing best-in-class standards for high-quality, scalable software deliveries for SiriusXM’s streaming and in-vehicle audio entertainment platforms.  Ireland’s Minister for Enterprise, Trade and Employment Peter Burke tells TALKERS, I congratulate SiriusXM on their expansion. Our team had the pleasure of meeting the SiriusXM management team recently, and I am pleased that they are opening a new Technology Center of Excellence in Dublin and availing of the wealth of professional talent available here.

Industry News

Beasley Media Group Launches Augusta Today

augusta todayBeasley Media Group has announced the official launch yesterday (8/28) of Augusta Today, a new online news site.  Augusta Today will focus on local news in, around, and about the Greater Augusta metro area. Developed with the goal of giving people both “the stories they want and the news they need,” the hyper-local publication features established Augusta-area writers and media figures such as Ashley Brown, Austin Rhodes, and Kris Fisher. Augusta Today will be free. “Free and easy – that’s the mantra,” says editor-in-chief Steven Uhles. “We wanted to make sure that these stories were not blocked by a paywall and that our conversations with the community remain unfettered and unencumbered.” Inspired by both the classic daily newspaper model and the more free-wheeling approach of alternative weeklies, Augusta Today has been developed “to educate as well as entertain” featuring breaking local news, sports coverage, lifestyle features and an array of columns. “We all are extremely excited about Augusta Today and what we believe it will mean to this community,” Kent Dunn, VP/market manager of Beasley Media Group tells TALKERS. “We see this as a great addition to our portfolio of radio stations here in the Augusta market and a real extension of our local-first approach to engaging with the community.”  To visit Augusta Today please click here.

Industry News

TALKERS News Notes

Joe Rogan LogoEdison ResearchJoe Rogan Tops Podcast Ranking in the U.K.  Podcaster and media personality Joe Rogan’s popularity is strong on both sides of the Atlantic.  This is according to Edison Research in releasing the Top 25 Podcasts in the UK based on reach for Q2 2024 among weekly podcast listeners age 15+. Remaining in the same rank order in the top three are “The Joe Rogan Experience,” “The Diary of a CEO with Steven Bartlett,” and “Sh**ged Married Annoyed.”  To see the entire list, please click here.

 

Rob Parker Sports RapRob Parker’s “Sports Rap Radio” in Detroit Discontinues Broadcasting.  According to reports in Barrett Media and Awful Announcing, less than 90 days after launching the country’s first all-Black sports radio station, Rob Parker’s “Sports Rap Radio” is no longer on the air.  The groundbreaking format debuted on June 4 on WXYT AM 1270 which FOX Sports Radio host Parker and a group of backers leased from Audacy. On August 27 at 5:00 pm ET, Sports Rap Radio programming was removed from WXYT, with Parker explaining the station’s second round of funding didn’t come through. “Sports Rap Radio, the idea and concept, is viable and serves the underrepresented Black community in sports-talk radio,” Parker said. “I’m proud that we were able to launch the first all-Black sports talk station in this country. I’m proud of the product the staff delivered. But I’m devastated that I couldn’t deliver this for our culture. I failed my people.”  Parker had been working on the concept since 2020 taking note of there being no Black full-time sports radio hosts in Detroit. According to the reports, it’s not just Detroit – minority hosts have long been underrepresented by sports radio stations around the country. Only 10-14 percent of the on-air talent on nearly 800 sports radio stations around the country were Black or Hispanic as recently as 2020. Audacy has flipped WXYT back to its BetQL Network.

freestar

Industry News

Joe Connolly Joins WABC to Host Business Feature

New York City business news reporter Joe Connolly – who served as business reporter for WCBS-AM for more than 30 years – joins Red Apple Media’s WABC Radio to host the one-minute feature “Businessim Success Stories with Joe Connolly.” The program will highlight local business success stories and air on Monday, Wednesday, and Friday. Red Apple owner John Catsimatidis says, “Joe is the best business news reporter in New York and a highly trusted source for business intelligence. In the midst of questions about the economy and where it’s going, Joe will find success stories that inspire others. New York radio listeners, especially those who own or run businesses, will benefit from these uplifting interviews.”

Industry News

Copier to Lead iHeartMedia Orlando/Melbourne

iHeartMedia names Judy Copier regional president for the Orlando/Melbourne market that includes talkim WTKS-FM and news/talk WFLF-AM in Orlando and news/talk WMMB in Melbourne. Copier most recently served the company as metro president in Salt Lake City. iHeartMedia division president Tom McConnell says, “Orlando/Melbourne is an important market for iHeartMedia with incredible growth potential. Judy is an exceptional leader and has delivered strong results in a number of executive roles. I am confident she will build upon the market’s incredible success and strong reputation with its listeners, advertising partners and the community.”

Industry News

Yesterday’s (8/27) Top News/Talk Media Stories

The presidential race; Jack Smith files a new indictment against Donald Trump; the Trump team Arlington National Cemetery incident; a federal judge pauses the Biden administration’s citizenship pathway for undocumented immigrants married to U.S. citizens; Meta’s Mark Zuckerberg says Biden administration pressured Facebook to censor COVID-19 content; Israel launches a West Bank raid; January 6 rioter sentenced to four years in prison; and the late-summer heatwave affecting parts of the U.S. were some of the most-talked-about stories in news/talk media yesterday, according to ongoing research from TALKERS.

Industry News

TALKERS News Notes

Industry News

16th Annual Mentoring Women Leadership Program Successfully Completed

Industry Views

Monday Memo: “I Want to Be Seduced.”

By Holland Cooke
Consultant

im
Remember that song, by campy Leon Redbone?

If you’re doing a broadcast radio show, in this crowded audio arena, that’s your mission statement.

Tip: Round-off teases.

• I try not to scoff when I hear well-intentioned hosts dutifully plug something-coming-up “in seven minutes” or “at three fifty-three,” as though listeners were taking notes.

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Do make an appointment with listeners for what’s coming up. But simply, creatively, say that it’s “coming up.” Spare busy motorists the math with non-round numbers. When life’s a blur, nobody thinks they can wait seven minutes.

• Yesterday, a voice-tracking DJ on a 60s/70s/80s station sounded lots less robotic when he said “Years before ‘yadda-yadda-yadda,’ there was ‘Obladi Oblada,’ and the Beatles will sing it right after Fleetwood Mac” into “Say You Love Me.” He owned me for the next seven minutes.

Talking: Ditto. Tell me how I’ll be rewarded for not wandering-off. Especially effective: a question which includes “you” and/or “your,” the Magic Words.

Holland Cooke (HollandCooke.com) is a consultant working the intersection of broadcasting and the Internet. He is the author of “The Local Radio Advantage: Your 4-Week Tune-In Tune-Up” and “Close Like Crazy: Local Direct Leads, Pitches & Specs That Earned the Benjamins” and “Confidential: Negotiation Checklist for Weekend Talk Radio.” Follow HC on Twitter @HollandCooke and connect on LinkedIn

 

 

Industry Views

Unleashing the Power of Effective Audio Promos

Industry News

WISN, Milwaukee Host Jay Weber Steps in It on X for Mocking Gus Walz, Disabled Son of Tim Walz

Unaware that Gus Walz, the 17-year-old son of Minnesota Gov. Tim Walz has a neurodivergent disability, 1130 WISN, Milwaukee host Jay Weber really stepped in it with a harsh post on X that he subsequently was compelled to apologetically remove – but not until after the damage was already done. Here’s what happened: The youngest child of the Democratic nominee for VP couldn’t contain his pride during his Dad’s acceptance speech at the DNC. Jay Weber

At one point during the speech, after Tim Walz spoke directly to his family, Gus jumped up from his seat and could be seen tearfully saying: “That’s my dad! That’s my dad!”  Many viewers were moved by Gus Walz’s emotional reaction to his father’s speech but not the conservative host whose response posted on X was widely condemned as offensive.  According to a story by reporter Mary Spicuzza published in the Milwaukee Journal Sentinel,  Weber posted, “Sorry, but this is embarrassing for both father and son. If the Walzs represent today’s American man, this country is screwed; ‘Meet my son, Gus. He’s a blubbering bitch boy. His mother and I are very proud.'” Weber deleted his post after facing online criticism.  “I didn’t realize the kid was disabled, and have taken the post down,” Weber wrote.  But the tweet was screenshotted and shared by Milwaukee County Board Supervisor Shawn Rolland and others to hold Weber accountable. Gus Walz, 17, has ADHD, an anxiety disorder, and a non-verbal learning disorder. Weber acknowledged regretting his action and concurred with his critics. “I agree. In an X fever, I broke one of my own long-standing rules when I saw the video,” Weber wrote. “I’ve said ‘the kids are off limits for decades,’ then fell into it myself. No excuses. Good reminder.” Kudos to Weber for quickly acknowledging his error.

To read the full Milwaukee Journal Sentinel article, please click here.

Industry News

WCBS Newsradio 880, New York Sadly Celebrates the End Amid “Party Atmosphere”

WCBS
As the iconic run of legendary WCBS Newsradio 880 in New York City draws to a close after 57 years of service to the Big Apple, the storied outlet presented a live special called “WCBS 880 News: The People, the Moments, and the Events that Shaped Our Lives,” running today (8/22) between 10:00 am and 1:00 pm (still on air at press time). The event will replay this weekend. Familiar voices such as Charles Osgood, Charles Kuralt, Wayne Cabot, Deborah Rodriguez are just some of the hundreds of larger-than-life personalities to call the station home for more than half a century.  While live anecdotes and tributes poured in from former on-air anchors and staff, the only news elements that ran during the time were weather and traffic. A party atmosphere blared every time the studio door opened. Wayne Cabot, hosting a portion of the morning, drew attention to this by saying, “And as you can hear from the newsroom, our own colleagues are not listening to us – as usual.”  The radio station’s owner, Audacy, will keep the 24/7 all-news format in New York with 1010 WINS. The call letters WCBS will retire and emerge as ESPN New York and WHSQ-AM on August 26.

Industry News

Bill O’ Reilly Independently Flourishing in Digital Era

Industry News

Programming Shakeup for Sports Talk WEEI, Boston

Rich Keefe Adam Jones

Andy Hart Christian Arcand

Audacy has announced a series of weekday programming updates for sports talkers WEEI-FM-AM, Boston.    Afternoon show co-host Adam Jones and weeknight host Rich Keefe will reunite for a new midday show. The duo, who previously hosted a top-rated evening show together for multiple years in the market, will deliver a blend of sports and lifestyle entertainment, on weekdays from 10:00 am to 2:00 pm ET beginning August 26. The station elevates Andy Hart as afternoon show co-host alongside Christian Arcand. “The WEEI Afternoon Show” will be heard weekdays from 2:00 pm to 6:00 pm ET beginning August 27. The show will welcome various special guests throughout the week, including the New England Patriots starting quarterback (whomever that turns out to be), Boston Red Sox manager Alex Cora, ESPN insider Adam Schefter and former NBA player and current NBC Sports Boston Celtic analyst Brian Scalabrine. Former afternoon show co-host Megan Ottolini will remain with the station as a full-time writer, succeeding Hart, and as a fill-in on-air host.  “These exciting updates bring together a dynamic mix of talent with New England roots that will continue to deliver top-tier content to Boston’s biggest sports fans,” says Mike Thomas, SVP/market manager, Audacy Boston. “Adam Jones and Rich Keefe’s notable on-air styles and rapport will energize our midday show, while Andy Hart and Christian Arcand’s experience will help bolster afternoon drive. We’re looking forward to this next chapter of WEEI weekdays continuing to make WEEI the go-to destination for everything Boston sports.”

Industry News

TALKERS News Notes

Industry News

Starnes Offers Free National Election Night Coverage

Todd StarnesStarnes Media Group will broadcast a six-hour election night special hosted by nationally syndicated talk star and radio station owner Todd Starnes. “Election Night Across America With Todd Starnes” will include co-anchors Ben Deeter of Starnes’ KWAM, Memphis along with Mary Walter and Robyn Pfaffman. The show will feature top newsmakers, candidates, live reports from presidential campaign headquarters and calls from listeners. The one-time special is available free of charge to radio stations across the nation. Starnes is a well-respected conservative voice and a member of the TALKERS Heavy Hundred. For information on broadcasting the show, contact todd@starnesmediagroup.com.

Industry News

Zach Lyons Named Co-host on WGFX-FM (104.5 The Zone), Nashville “Blaine and Zach” Show

Industry News

TALKERS News Notes

CumulusWestwood One Cumulus Media’s Westwood One Presents National Audio Coverage of the 2024 College Football Season. Westwood One will present national audio coverage of the 2024 college football season. Highlighting Westwood One’s schedule of 16 regular season games will be matchups with top-20 teams including the University of Georgia, Ohio State University, the University of Texas, the University of Oregon, the University of Mississippi (Ole Miss), the University of Alabama, the University of Missouri, the University of Tennessee, Clemson University, and defending national champion, the University of Michigan as well as the Black College Football Hall of Fame Classic between Virginia State University and Benedict College. Postseason games will include the SEC Championship Game, the annual Army vs. Navy Game, and the FCS Championship. In his first year with Westwood One, Nate Gatter will serve as play-by-play announcer. He will be joined by former University of Minnesota tight end and eight-year NFL veteran Derek Rackley, in his 11th season with Westwood One.

 

Dom GiordanoEric Trump Tells WPHT, Philadelphia Host Dom Giordano the DNC is “Dark.”  With Pennsylvania being such an important swing state in the presidential race, WPHT, Philadelphia 12:00 noon – 3:00 pm host Dom Giordano’s program has been a major destination for prominent Republicans on the campaign trail.  On Monday (8/19), Giordano (“the dean of Philadelphia talk radio”) hosted GOP VP nominee J.D. Vance and yesterday (8/20), he was visited by Eric Trump.  Trump, whose wife Lara Trump is co-chair of the Republican National Committee, told Giordano, “Compared to the positivity of the RNC, the DNC was all so dark, depressing and unbearable [for Lara and I] to watch.”

 

Sports Betting Network, VSiN Adapts Management Structure to Support Rapid Expansion.   VSiN, The Sports Betting Network, has announced updates to its leadership, including the promotion of Miles Gwyn to COO. In this new role, Gwyn will manage the network’s day-to-day operations, overseeing content production, distribution and advertising partnerships, technology, compliance, and infrastructure.Stephanie Kamerschak As part of this new management structure, Brian Musburger takes the role of president/chief business officer and Bill Adee becomes CEO.  In addition, VSiN has promoted Stephanie Kamerschak to executive producer, responsible for overseeing talent schedules, managing producers and associate producers, and arranging promotional content across platforms. Most recently, Kamerschak was coordinating producer at VSiN and previously held senior producer roles at DraftKings and ESPN.

Industry News

Audacy: Radio Listeners Seek Election News

Audacy announces that its Election Tracker finds that a significant majority of AM/FM listeners – 70% ofim weekly radio listeners and 80% of weekly radio streamers – are actively tuning into election news on the radio. Audacy says, “It’s more than just staying informed; these listeners are inspired to make their voices heard at the polls. Local radio is essential for these audiences, with 74% saying it helps them grasp how election results impact their communities. For many, radio is the pulse of the nation’s agenda. Nearly half (46%) of listeners have been following election news closely for over three months.” Read more here.

Industry News

Lotus Launches Sports Talker in Sacramento

Lotus Communications will debut “FOX Sports 104.7 FM and 890 AM” on KSAC-AM/K284CM, Sacramentoim on Monday, September 2. The new sports talker will feature the FOX Sports Radio lineup in addition to the Sacramento-based program, “The Rob, Anybody, and Dawn Show,” (Rob Williams and Dawn Rossi) in morning drive.  Station general manager Kurt Bagelmann says, “Lotus is ecstatic to deliver a game-changing experience to Northern California listeners by combining the market’s most iconic morning show, ‘Rob, Anybody & Dawn,’ with the powerhouse lineup of FOX Sports Radio. This dynamic one-two punch, now available for the first time on both AM and FM, is poised to redefine the sports radio landscape in Sacramento.”

Industry News

Jim Farley Passes Away

Radio news legend Jim Farley has died as the result of a heart attack suffered while undergoing surgery toim treat an aneurysm, according to his family. Farley began his career in New York at 1010 WINS and would hold numerous positions in New York and network news over the years, including as managing editor at ABC Radio Networks. He is best remembered for serving as vice president of news & programming at all-news WTOP-FM, Washington from 1996 through his retirement in 2013. He worked as a news consultant after leaving WTOP and lived in Florida with his wife Jo.

Industry News

TALKERS Editor Reports from the Rock and Roll Hall of Fame

im

TALKERS vice president and executive editor Kevin Casey recently made a trip to the Rock and Roll Hall of Fame in Cleveland. He says that in addition to the expected music memorabilia – guitars, clothing, and ephemera – there was an exhibit that told the story of radio’s crucial role in the rock and roll explosion of the 1950s and early 1960s. Another exhibit revealed the backlash against rock music from religious and conservative factions in the U.S. Casey is pictured above by an image of his musical hero Frank Zappa testifying before a congressional committee that was exploring mandatory labeling of records with “dirty” words. Casey muses, “It’s interesting to note that ‘culture warriors’ have always existed. Today, people assume they are Republicans, but in 1985 they were ‘bi-partisan’ on the matter of rock lyrics and led by Democratic U.S. Senator Al Gore’s then-wife, Tipper Gore. There was no legislation necessary because, sadly, the record industry caved to the pressure.”

Industry News

WDAY, Fargo Says Harris Campaign Misused its News Stories

Forum Communications’ news/talk WDAY-AM/FM, Fargo is considering its legal options with regard to its news headlines that were edited and then used by Kamala Harris’ presidential campaign. According to The National Desk, WDAY managing partner Steve Hallstrom says the campaign edited the headline of a WDAYim story that was used in a Google ad to read: “Harris Picks Tim Walz – 215,000 MN Families Win.” WDAY says it wrote no such headline. Hallstrom tells The National Desk, “They lied to everybody who saw that ad, and they misled them into believing that there is a news organization, with a 100-year history in our community of doing good solid journalism, that not only took sides in a political debate, if you will, but also openly performed cheerleading exercises on behalf of that candidate in their news headlines in their story. That’s wrong.” Washington, DC television outlet WJLA-TV writes, “A source familiar with the Harris campaign’s advertisement team told Axios the campaign buys ads with news links to give more context to voters searching for information about Harris.” Hallstrom responds to that saying, “I don’t care what their intent was or what they were hoping to do. All I care about is what happened to us. We have reporters in our newsroom who have been working in this market for decades to build their credibility as an objective and unbiased reporter.” See the full WJLA-TV story here.

Industry News

Talk TV Legend Phil Donahue Dies at 88

Phil Donahue, creator and host of the daytime talk television program that featured his name, died at his home at age 88 after a long illness. The Cleveland native began his television career in Ohio and launched “The Phil Donahue Show” at WLWD-TV in Dayton, Ohio in 1967. The daytime talk show took on serious subjects instead of the lighter fare usually associated with daytime TV. Donahue also did subjects that were considered “low brow,” but his approach gave the audience the opportunity to ask questions as Donahue walked among the studio crowd while anchoring the show. It became a hit, was launched into syndication and moved production to Chicago in 1974, then eventually to New York. It ended in 1996. Donahue married actress Marlo Thomas in the late 1970s.

Industry Views

Monday Memo: Podcasting? Don’t Tweet Like Trump

By Holland Cooke
Consultant

imX – which most people I hear still call “Twitter” – is a great way to attract new ears.

Tips:

— Write a stack of Tweets for each episode, and post at intervals, so you’re not further-down readers’ feeds then they are scrolling.

— Use # and @ to attract those with affinity to your subject and/or guest.

 

im

And don’t Tweet like Trump

4 reasons why:

— Relentless negativity gets old quickly. We all know, and seek to avoid, someone whose glass is ALWAYS half-empty. Don’t be him or her.

— Bellicose braggadocio gets old even quicker. And “I,” “I,” “I,” “me,” “me,” “me” emulates an unfortunate talk radio caricature podcasters want to avoid.

— Millennials – heavy podcast consumers — are repelled by acrimony and seek consensus.

— Once it’s out there, you can’t take it back… even if you delete-the-Tweet. The Library of Congress archives all Tweets, and they’re not the only ones. Those who don’t wish you well may have screen-grabbed what you posted… something politicians learn the hard way when their words show up on opponents’ campaign commercials. And we’ve all read radio trade press reports of DJs and talkers who’ve been fired for social media faux pas.

Holland Cooke (HollandCooke.com) is a consultant working the intersection of broadcasting and the Internet. He is the author of “The Local Radio Advantage: Your 4-Week Tune-In Tune-Up” and “Close Like Crazy: Local Direct Leads, Pitches & Specs That Earned the Benjamins” and “Confidential: Negotiation Checklist for Weekend Talk Radio.” Follow HC on Twitter @HollandCooke and connect on LinkedIn

Industry News

WHO, Des Moines Announces “Emery on Iowa” Program

iHeartMedia names Emery Songer host of the 9:00 am to 11:00 am program on Des Moines’ “NewsRadio 1040 WHO.” The station says, “The ‘Emory on Iowa’ show features Emery Songer at the helm covering allim things Iowa from border to border. The show will explore community events around the state, discuss current and political issues and highlight amazing feats in and around Iowa. It will also feature experts in a variety of industries and discuss current exploits by the biggest movers and shakers in the Hawkeye State.” Songer also hosts the afternoon drive show on iHeartMedia’s KFAB, Omaha. Prior to assuming that role he produced the WHO morning drive show. He says, “I’m incredibly grateful to have the opportunity to connect with Iowans all over the state and beyond. I can’t wait to continue the rich heritage of these legendary radio stations and to celebrate the next chapter of WHO and WMT!”

Industry News

Greiner Nashville-Bound As iHM Metro President

Howard GreineriHeartMedia’s area president for New York markets Albany and Poughkeepsie, as well as Sussex (New Jersey), Howard Greiner, transfers to Nashville where he becomes metro president.  He will report to iHeartMedia division president Nick Gnau. Greiner will oversee all aspects of operations across multiple platforms, including broadcast, digital, mobile, social, and live events. According to iHeartMedia markets group president Hartley Adkins, “Nashville is an extremely important market for iHeartMedia. Howard continues to demonstrate strong leadership. With his expertise in media, advertising, and sales, I am confident he will build upon the incredible success and strong reputation that iHeartMedia Nashville has with its listeners, advertising partners, and the community.” Before joining iHeartMedia, Greiner held various executive roles in media and advertising. He spent two decades in Nashville. Included in iHM’s six-station Nashville cluster are news/talk WLAC and Black Information Network news affiliate WNRQ-HD2. Among persons 6+ in Nielsen Audio’s July 2024 sweep, WLAC (1.3) and WNRQ-HD2 (.3) finish at #18 and #21, respectively.

Industry News

Westwood One Extends Its “Bob & Tom Show” Partnership

Westwood OneAs part of a newly-signed pact between the “The Bob & Tom Show” and Cumulus Media’s Westwood One, the award-winning comedic morning drive program will remain on an affiliate base that includes 17 Cumulus Media stations. Westwood One president/Cumulus Media executive vice president of corporate strategy and development Collin R. Jones states, “‘The Bob & Tom Show’ has been making Americans laugh each morning for more than 25 years. It is an impressive achievement when a program can drive audience numbers and advertiser interest for a Bob and Tomstretch this long. We at Westwood One are honored to continue our relationship with this exceptionally talented cast for years to come.” Host Tom Griswold comments, “We are truly pleased to continue working with our long-term partner, Westwood One, and with our incredible Cumulus Media affiliates. We have terrific teams and look forward to entertaining listeners with the funniest morning content available. The radio party rolls on – turn it up.” Inducted into the Radio Hall of Fame, “The Bob & Tom Show” airs weekdays 6:00 am – 10:00 am (ET) on over 100 stations and is available to stations of all formats.

Industry News

Judge Approves Audacy’s Extension Request For D-I-P Loans

AudacyEarlier this week (8/14), TALKERS reported the United States Bankruptcy Court for the Southern District of Texas Houston Division approved Audacy’s prepackaged plan for reorganization under Chapter 11 on February 20 (2024). The company was awaiting the FCC’s blessing on the plan to complete reorganization and its Debtor-in-Possession credit facility in the aggregate principal amount of $32 million, maturing next Monday (8/19). Audacy asked the Court to extend the maturation date to September 30, 2024. After a 1:00 pm (CT) hearing yesterday (8/15), U.S. Bankruptcy Judge Christopher Lopez – as expected – approved an emergency motion allowing Audacy to extend its pause on certain financial obligations beyond the original deadline. Audacy stated in its second quarter 2024 financial report that it expects to receive FCC approval in the third quarter of this year.

Industry News

Top News/Talk Media Stories for Week of August 12 – 16

Industry News

Audacy Requests Extension for Debtor-in-Possession Loans

The United States Bankruptcy Court for the Southern District of Texas Houston Division approved Audacy’s prepackaged plan for reorganization under Chapter 11 on February 20 of this year. But the company isim awaiting the FCC’s blessing on the plan to complete reorganization and its Debtor-in-Possession credit facility in the aggregate principal amount of $32 million matures on August 19, 2024. (This DIP Facility allows Audacy to function during the reorganization period.) Audacy is asking the Court to extend the maturation date to September 30, 2024. Audacy stated in its second quarter 2024 financial report that it expects to receive FCC approval in the third quarter of this year.