Beasley and Investors Heading Toward Refinancing Agreement
On Friday (3/20), Beasley Broadcast Group filed a Form 8-K with the Securities and Exchange Commission revealing it is entering into a Transaction Support Agreement with 98.7% of holders 11.000% Senior Secured First Lien Notes due 2028 and 76.5% of the aggregate
outstanding principal amount of the 9.200% Senior Secured Second Lien Notes due 2028. This exchange offer includes an exchange of all of the Existing Second Lien Notes for newly issued 10.000% Senior Secured Second Lien PIK Notes due 2027 at an exchange ratio of 50.0% of the aggregate principal amount of the Existing Second Lien Notes tendered for exchange, and an offer to purchase up to $15,899,000 of the Existing First Lien Notes at a price equal to 100% of the par value thereof.
The upshot of this is that if these offers are accepted, lien holders will have a lot of control over how the company operates. They will be allowed to appoint a director to sit on the company’s board of directors. But the most telling part of this plan is that it allows for lien holders to exchange their debt for equity – meaning they could assume control of the company. Beasley provided “cleansing information” to lien holders in the form of a profit & loss statement ahead of its 2025 Q4 and 2025 full year financial statements that indicates a significant decline in audio net revenue “driven by continued weakness across the industry as a result of reduced consumer sentiment.” We’ll know soon enough whether this goes forward as the Transaction Support Agreement will terminate on May 15, 2026 if it’s not consummated.
The recent shutdown of CBS News Radio isn’t just another media headline – it’s a wake-up call. A clear example of what happens when decisions about our information, our communities, and our voices are made in corporate boardrooms disconnected from real life.
In ongoing discussions about the dwindling relevance of radio in the modern world, the medium is grudgingly defended as a reliable “first responder” during times of public emergencies.
of modern-day media Sterno.
approximately 700 stations. Variety reports that these cuts come under new management at Paramount Skydance and are part of CBS News editor in chief Bari Weiss’ plans to “make CBS News more relevant to younger, digitally savvy generations.” It’s expected that the personnel cuts will affect between 60 and 70 people. 
program “The Meidas Touch” is #1, followed by Joe Rogan’s comedy podcast “The Joe Rogan Experience” at #2. Rising to #3 in February was Goalhanger’s history show “The Rest is History.” Interestingly, the overwhelming majority of “The Meidas Touch” consumption is via video and video clips, while “The Rest is History” consumption is primarily audio only. Notable changes from the January ranking include Candace Owens’ “Candace” rising four places to #6, Red Seat Ventures’ “The Tucker Carlson Show” climbing five places to #10, and DailyWire’s “The Ben Shapiro Show” falling two places to #15. 
recognized alongside this esteemed community of storytellers. This honor is not mine alone, but a testament to the journalists I’ve worked with throughout my career – especially my RFE/RL colleagues who are committed to showing the world what is happening inside places like Ukraine and Iran. Their passion for excellence and dedication to the truth inspires me each day. My deepest gratitude to my family, whose support has made all of this possible.”
WOBT-AM and 11 other signals and FM translators. NRG CEO Mary Quass states, “We are proud of the great broadcasters in Wisconsin that we have proudly worked with and are happy they will continue serving Wisconsin with WRIG, Inc.” Midwest Communications president Peter Tanz comments, “Mary and her entire team have built an outstanding community service organization in Wisconsin. For over a century, the Wright family has proudly called Central Wisconsin home. We are honored to add NRG’s Wisconsin stations to our home market.”
is nearly universal among Hispanic (94%) and Black (93%) consumers; 2) AM/FM radio commands more than 80% of all ad-supported audio time in vehicles. Nearly three-quarters of out-of-home radio use during peak drive times occurs in the car, placing brands closest to the point of purchase; 3) however, a significant “perception gap” exists; while marketers often rank radio low for effectiveness, Nielsen data reveals it delivers the highest ROI of any platform trailing only social media; and 4) radio and podcasts combined account for more than 80% of all daily ad-supported audio time, while streaming music accounts for only 15%. 
“designed to help brands reach and engage multicultural audiences across today’s digital media landscape.” AURN CEO Chesley Maddox-Dorsey says, “AURN has always been committed to helping brands connect authentically with multicultural audiences. Our partnership with AdGrid allows us to expand that connection beyond audio and into the broader digital ecosystem, giving advertisers new ways to reach these influential audiences with scale, cultural relevance and measurable results.”
company says Total Digital Segment Profit decreased 14.8%; Digital Advertising Segment Profit decreased 28.0%; Subscription Digital Marketing Solutions Segment Profit increased 12.0%; and Broadcast Advertising net revenue decreased 17.8%. Townsquare CEO Bill Wilson comments, “I am pleased to share that Townsquare’s fourth quarter and year end results met our previously issued net revenue and Adjusted EBITDA guidance, reflecting our team’s hard work in the current environment. We are proud that the execution of our Digital First Local Media strategy allowed us to deliver excellent results for our clients, while also outperforming competitors and gaining market share. In 2025, net revenue decreased -2.8% year-over-year excluding political, and -5.2% in total, and Adjusted EBITDA decreased -3.0% year-over-year excluding political, and -12.2% in total. Importantly, due to our strong expense management, Adjusted EBITDA margins excluding political were constant year-over-year, despite revenue declines. In addition, our full year net loss improved by $1.2 million year-over-year, to a net loss of $9.8 million.”
Let’s start with what NOT to do, The 7 Deadly Sins Of Small Business Advertising:
died at the age of 82. Anastos worked at the local New York affiliates of ABC, CBS and FOX. In recent years, he hosted a feature on WABC Radio titled, “Positively Ernie.” Red Apple Media Group CEO John Catsimatidis commented on Anastos’ passing saying, “Ernie was a friend for 50 years. He was always there for every charity and worked tirelessly to help people — especially New Yorkers.”
Carrier Bureau, helping implement the Act. In the webinar titled “30th Anniversary of the 96 Act: What Did We Learn?” panelists will explore how lessons from the past 30 years can drive innovation and competition for consumers today. Topics will include artificial intelligence, media, competition, convergence, access, and cybersecurity. The three separate panels will include Panel 1 looking at “The Legislative Process That Led to the Act; Panel 2 will address “FCC Implementation of the Act”; and Panel 3 will focus on “Today’s Challenges.” Interested parties can join online via the 
presented at ACL Live at the Moody Theatre at 8:00 pm ET. Actress, comedian and host of the “Thanks Dad” podcast, Ego Nwodim, will emcee this year’s iHeartPodcast Awards, actor and comedian Will Ferrell will open the show and Holly Frey, host of “Stuff You Missed in History Class,” will be the winners correspondent. The full list of the 2026 iHeartPodcast Awards categories and nominees can be found 
3.9% to $252.4 million in 2025. After posting net income of $16.2 million in 2024, the company is reporting a net loss of $34.6 million in 2025. Salem reports revenue by segments and the erosion of its broadcast advertising revenue was dramatic after it shut down its Christian music formats and sold numerous radio stations, falling 36% — from $62.6 million in 2024 to $40.75 million in 2025. However, the company’s digital revenue (including advertising, streaming, downloads, and subscriptions) rose 5.5% from $83.8 million in 2024 to $88.4 million in 2025.
pharmaceutical brand’s original buy targeting adults 18-54, 100% of the budget was allocated to traditional television, with 87% to broadcast and 13% to cable. This achieved a reach of 39%. By shifting only 5% of the total spend away from the usual go-to television outlets, and into podcasts, reach increased significantly. Reach among those ages 18-54 went from 39% in the old campaign to 55% in the new campaign, a lift of 41%. Note that this is shifting dollars, not adding dollars. The brand reached 26 million additional people without increasing the advertising budget.
journalists. The attorney for Hoffman and co-litigants Brandi Kruse and Jonathan Choe argued that the “process used to deny them press credentials was vague and arbitrarily applied, violating their due-process rights, and withholding access because of they disagree with the lawmakers’ political views violates their constitutional rights of free speech and free press.” U.S. District Judge David Estudillo denied the TRO, saying, “The three failed to show that they are likely to succeed on their free press or due process claims, and the ‘House has a substantial interest in ensuring the reporters it permits to access the House floor meet the credential standards promulgated so the House may debate and pass laws without interruption or lobbying in that space.’” This story, as reported by KSL-FM, Salt Lake City, says, “The Washington State Capitol Correspondents Association guidelines for granting press passes says the person must be ‘a bona fide journalist’ and there must be a line ‘between professional journalism and political or policy work.’ The association shifted the credentialing process to the Legislature after the three threatened a lawsuit in 2025. The Senate eventually issued the passes, but the House took over the process and denied the pass requests.” The three say they will appeal. 
Amendment are challenged on every front, the journalists, organizations and individuals we honor today stand as powerful examples of courage, integrity and unwavering commitment to the free flow of information. Their work informs, supports and strengthens our communities, and it definitely protects the core principles that make a free press essential to democracy. We are proud to shine a spotlight on these champions of press freedom and to celebrate their vital contributions.” Honorees include recently retired WGN, Chicago news anchor Steve Bertrand; former “60 Minutes” executive producer Bill Owens; and FOX News pentagon reporter Jennifer Griffin. 
reduction and asset-optimization initiatives, it went into refinancing mode in May of 2024, pushing loans that matured in 2026 into 2029. The filing states, “Despite these measures, ongoing industry revenue declines and macroeconomic headwinds continued to constrain liquidity and free cash flow. As a result of these various pressures, in the last quarter of 2025, the Company, with the assistance of its advisors, began to explore various strategic alternatives and potential liquidity-enhancing transactions. After considering the available options, the Debtors and their advisors determined that the best path forward was to implement a comprehensive recapitalization transaction either out-of-court or through the filing of prepackaged chapter 11 cases.” The key provisions of the Plan are: “2029 Secured Claims will be canceled in exchange for 95% of the equity in the reorganized Company” and “Other Funded Debt Claims will be canceled in exchange for 5% of the equity in the reorganized Company.” Additionally, the current Board of Directors will be discharged and it will be up to the new Board whether it keeps any or all of the current organization’s corporate officers. 
participating networks. In order from #1 to #5 are NPR’s “NPR News Now,” The New York Times’ “The Daily,” “Up First from NPR,” NBC Universal’s “Dateline NBC,” and FOX Audio Networks’ “FOX News Hourly Update.” Other talk radio-related shows of note include DailyWire’s “The Ben Shapiro Show” at #7 and Silverloch’s “The Dan Bongino Show” at #9.