Industry News

To fill the role, the advertising division of Comcast has hired an individual with experience at both Major League Baseball and as head of the Washington Post Creative Group — in addition to a notable tenure at Marriott International.

The multimedia company led by Byron Allen has reportedly engaged both Moelis & Co. and Kirkland & Ellis as part of a plan to address its debt maturities amid cost cutting that a source says includes permanent work-from-home arrangements for staff in New York and in Southern California.

It seeks to avoid delisting on Nasdaq

The post Beasley Does a Reverse Stock Split appeared first on Radio World.

The PBS Member serving the Plattsburgh, N.Y.; Burlington, Vt.; and, indirectly, the Montréal metropolitan area is one of two additional grant recipients of Corporation for Public Broadcasting funds designed to give the operations cash for enhanced emergency alerting upgrades.

The owner of such radio stations as "98.5 The Sports Hub" in Boston, WCSX and WRIF in Detroit, and WMMR and WMGK in Philadelphia will move ahead with a reverse stock split in a bid to regain Nasdaq minimum trading requirements. What's the ratio it is going with?

Wade Davis is no longer the Chief Executive Officer of TelevisaUnivision, the company announced early Thursday, after reports in The New York Times and Reuters distributed Wednesday evening cited unnamed sources close to the matter that a change in leadership was imminent. Who's his successor?

Investors in Townsquare Media will be pleased with their "decent" return over the last five years. That's the conclusion of financial blog Simply Wall St., which took a deep dive into the radio station ownership group that derives most of its revenue from digital initiatives. 

 Pivotal Research Group CEO and Internet, Media and Communications analyst Jeff Wlodarczak believes higher medium to long-term Average Revenue Per User and subscriber forecasts warrants a street-high price target for Spotify shares that is significantly higher than its current trading range.

Two weeks ago, Evanov Communications said it would cease operations at three of its underperforming FM radio stations due to severe economic conditions it blamed on "the challenges of increased competition, a difficult media climate, and the residual effects of the pandemic.” Now, two of those FMs have found a buyer — but not its FM in the nation's capital, which is slated to sign off the air Friday.

Letter sent to U.S. congressional leadership backs digital replica guardrails in the proposed NO FAKES Act

The post State Broadcasters Unite in Support of AI Voice and Likeness Legislation appeared first on Radio World.