Industry News

Its stock price hasn’t been this high since March 2015. With a 1-year price target of $18.67 in place, Townsquare Media has successfully weathered the COVID-19 pandemic storm by already offering comps to 2019.

This led the Wall Street whizzes at Zacks Equity Research to conduct an assessment on Townsquare’s stock. They conclude that TSQ, while enjoying swift share growth, is a good investment to consider today.

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Lotus Communications, which is agreeing to purchase Sinclair Broadcast Group‘s lone radio properties, has decided to part ways with a TV property of its own as it doubles-down on serving the Western U.S. as an audio-centric company.

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TORONTO — One of Canada’s biggest media companies, which includes 39 radio stations and 15 broadcast television stations among its holdings, has completed an agreement to amend and restate its existing syndicated senior secured credit facilities with its bank group, led by RBC Capital Markets and TD Securities.

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WASHINGTON, D.C. — The afternoon news program of NPR is the latest inductee into the National Association of Broadcasters (NAB) Broadcasting Hall of Fame.

The honor will be bestowed upon All Things Considered at the 2021 NAB Show. Executive producer Cara Tallo and host Ailsa Chang will accept the award at the NAB Show Welcome event on Monday, October 11, at 9am Pacific in Las Vegas.

ATC made its debut broadcast oon May 3, 1971, airing on 90 public radio stations. Today, it airs for two hours each weekday and for an hour each Sunday.

In addition to Chang, ATC hosts include Audie Cornish, Mary Louise Kelly and Ari Shapiro. On weekends, the program is hosted by Michel Martin.

“For a half a century, ‘All Things Considered’ has engaged, educated and entertained countless listeners about the news and culture affecting our lives, while serving as a showcase for the importance of public radio,” NAB President/CEO Gordon Smith said. “It is a fitting tribute that we induct this landmark program of radio history into the Broadcasting Hall of Fame as it celebrates its 50th year on the air.”

The NAB Broadcasting Hall of Fame recognizes radio and television personalities or programs that have earned a place in broadcasting history. Explore the complete list of past inductees here.

“All Things Considered” will be inducted into the NAB Broadcasting Hall of Fame.

The announcement was made by National Association of Broadcasters President/CEO Gordon Smith.

The iconic public radio program will be honored at the NAB Show in Las Vegas in October. Executive Producer Cara Tallo and host Ailsa Chang will accept the award.

“ATC made its debut broadcast 50 years ago on May 3, 1971, airing on 90 public radio stations,” NAB stated in the announcement. “Now broadcasting live every weekday for two hours and for one hour every Saturday and Sunday, ATC is the most listened-to, afternoon drive-time news radio program in the country.”

“Hosted by Chang, Audie Cornish, Mary Louise Kelly and Ari Shapiro and on weekends by Michel Martin, ATC airs coverage of the most important news of the day, reports from NPR correspondents in the U.S. and around the world, thoughtful commentaries, interviews with newsmakers and features on arts, music and entertainment.”

NAB noted that ATC has been honored with the George Foster Peabody Award, the Alfred I. duPont-Columbia University Award and the Overseas Press Club Award.

Recent radio inductees include Cathy Hughes, Elvis Duran, Delilah and Mike & Mike.

[Read our profile of John Records Landecker, the 2020 radio recipient.]

Iconic radio people inducted earlier include the likes of Walter Winchell, Wolfman Jack, Ronald Reagan and Kate Smith. The Hall of Fame began in 1977.

The post NAB Will Honor “All Things Considered” appeared first on Radio World.

Alfred “Pat” Robertson III is the licensee of a Class A FM radio station licensed to Elaine, Ark.

He’s agreed to transfer control of this station, and it will soon be under the ownership of a Michigan-based operator of Contemporary Christian Music stations.

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From 2011-2016, he served as the Director of Talent Management and Talent Acquisition for iHeartMedia markets in the Lone Star State.

Now, after operating his own consulting business and working at a talent development and transition company, he’s back in a top leadership role putting him in charge of five iHeartMedia markets in Texas.

Spencer Bynes has been named Area President for the Texas area.

This will see Byrnes oversee the Beaumont, McAllen-Brownsville-Weslaco, Waco, Corpus Christi and Bryan-College Station markets for the nation’s largest licensee of radio stations.

Bynes reports to Nick Gnau, Division President for iHeartMedia.

“Spencer has been a proven leader throughout his career, his energy is contagious and his ability to develop teams and talent are unmatched,” Gnau said. “I am extremely excited for Spencer to lead these markets and expand our community efforts as well as our revenue and rating footprint in the great state of Texas.”

Bynes has most recently served as VP of Business Development in the Southern Region for Lee Hecht Harrison (LHH). Prior to joining LHH, he was Managing Partner and Co-Founder of Accendo International Consulting.

“I am excited about my return to iHeartMedia,” Bynes said. “The growth and transformation of this organization have been phenomenal. I am looking forward to working with my team to build sustainable, long-term growth for our clients and shareholders.”

For radio industry veterans, the name Clear Channel conjures up images of AMs and FMs, and perhaps of Lowry Mays and Red McCombs. Today, that legacy lives on in Clear Channel Outdoor Holdings Inc., a global out-of-home advertising giant.

Within that company is Clear Channel Airports. That entity has just partnered with a provider of music, TV, and digital signage services for businesses across North America in filling the void left by the closure of the CNN Airport TV Network.

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It’s unfathomable in the radio broadcasting space, given the dearth of deals and low valuations assigned to some of the more recent transactions involving AMs and FMs.

Meredith Corporation received an unsolicited proposal to acquire its Local Media Group, following the May 3 announcement that it had agreed to sell its broadcast TV assets to Gray Television for $2.7 billion in total enterprise value.

What did Gray do? It responded with an increased offer for Meredith Local Media.

Meredith Corporation said yes to the amended transaction.

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He was honored by the readers of the Radio + Television Business Report as one of Broadcast Television’s Best Leaders. As he looks back on the last year, what’s the biggest sense of pride Mike Meara, President of NPG Broadcasting, has across the company’s TV stations?

Meara joins RBR+TVBR Editor-in-Chief Adam R Jacobson in this new InFOCUS Podcast, presented by dot.FM, to discuss the continued rollout of NextGen TV and the big advantages that come with ATSC 3.0.

Listen to “The InFOCUS Podcast: Mike Meara” on Spreaker.