With two of the nation’s largest radio companies in bankruptcy, iHeartMedia and Cumulus, many who don’t really know radio contend the medium is dead or dying. But those who do know radio argue that it’s still every bit a vital medium. The problem, they argue, is that too many stations are poorly managed, often from…
Tag: radio industry
2018 Radio Mercury Awards Winners Announced
Winners for the 2018 Radio Mercury Awards were announced Thursday night at the 27th annual awards presentation held in New York City. This year’s $50,000 Best of Show award was split between FCB Chicago (pictured here) for their “Tours” Radio Flyer Campaign and Fitzco//Casanova McCann for their “Share A Coke 1,000 Name Celebration” Campaign. “We…
AD AGE: RADIO'S HEALTH IS BETTER THAN YOU THINK, BUT WHAT'S THE LONG-TERM PROGNOSIS?
Depending on who you ask, radio is either a dying industry or an unshakable cultural force. You can probably guess which camp iHeartMedia Chairman-CEO Bob Pittman falls into. Tell him that you’re writing about whether radio is relevant, and he’ll ask a DJ to shout your name out on the air. Pittman did this to me,…
Forbes: In The IHeartMedia Bankruptcy, Expect A Major Selloff Of Radio Stations
Great Article by Gene Ely of Forbes The deal was struck in just the nick of time, hours before the radio giant was set to be shut down by its creditors, and it could well save iHeartMedia, allowing it to be reborn and thrive again. But be assured, the iHeartMedia that emerges from the prearranged bankruptcy worked out…
Radio Ink: All Fired Up Field Fires Back.
Now as the owner of radio’s largest radio company not in bankruptcy, Entercom CEO David Field is once again speaking out to defend the entire industry. This is not something new for Field. He’s been one of radio’s biggest, loudest cheerleaders for years. With the CBS radio deal in the books, he has a bigger…
Largest U.S. radio company iHeartMedia files for bankruptcy
The company said the agreement it reached with holders of more than $10 billion of its outstanding debt would restructure its balance sheet by transferring 94 percent of the stock in the reorganized company to its lenders. IHeartMedia has struggled with debt that was taken on to finance a $17.9 billion leveraged buyout, or LBO,…