Industry News

Media company's stock has fallen below $1 per share, triggering a compliance deadline

The post Cumulus Faces Another NASDAQ Delisting appeared first on Radio World.

No less than three EAS violations against the parent of one of the nation's Big Four broadcast television networks have been resolved with the signing of a Consent Decree by the Acting Chief of the Enforcement Bureau and the entity that could face renewed scrutiny from the Commission under Brendan Carr with respect to its future ownership plan.

There's a clear category that's dominating Spot TV in the days leading up to the Christmas holiday. And, to little surprise, brick-and-mortar retailers are responsible for the two top campaigns by spot count, as determined by iHeartMedia-owned Media Monitors.

The Missouri Broadcasters Association and Gray Media are celebrating a decision by a Cole County, Mo., Circuit Court Judge that finds a state law passed in 2023 requiring a blanket redaction rule for all witness and victim names in court filings is unconstitutional and unenforceable.

A five-year-old Philadelphia-based news and editorial website "dedicated to freedom of thought and giving voice to issues and ideas that have been shut out of our discourse for too long" is expanding beyond the internet by agreeing to purchase a radio station.

As RBR+TVBR first reported on December 18, Lotus Communications is reentering the San Diego market after 29 years. It is doing so by purchasing an FM once owned by Midwest Television and, later, by TEGNA. It is now known how much (or, in this case, how little), Lotus is paying Local Media San Diego for the station.

The Law is now being enforced, en español, on a 40kw Class C1 FM serving Houston from the south, as Spanish Broadcasting System has effectively gained control of the station it agreed to acquire in April 2023 from Urban One in a deal delayed by the aborted sale of SBS's Mega TV operation.

He's served as a Member in the U.S. House of Representatives since 2013. Now, this politician representing a rural swath of North Carolina that includes portions of Fayetteville, Asheboro and Sanford is being placed in a position of high authority when it comes to the fate of the FCC.

It's been a frustrating eight years for long-term holders of Cumulus Media stock. In September 2016, a reverse stock split plan that would see one share divided into eight parts was put into motion. The act was tied to a Nasdaq delisting warning, should the company not get "CMLS" above the all-important $1 threshold. Next year could see history repeat itself.

Use these wintertime tips to keep your transmitter building heated, locks thawed and toes warm

The post Lovely Weather for a Transmitter Sleigh Ride appeared first on Radio World.