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NextMedia owner of 36 radio stations in 8 states filed for bankruptcy reorganization in Delaware today. The pre-arranged plan will give controlof the company to certain creditors. Under the plan, first lien debt and general unsecured claimed will bepaid in full while second lien debt will be converted into 95% ownershipof the company, which also owns an outdoor advertising business.The amount of debt was listed from $100 million to ...
As expected, Citadel filed for bankruptcy protection today ....Here is their press release...

Citadel Broadcasting Corporation (OTC BB: CTDB) (“Citadel” or the “Company”) today announced that it has reached an accord with over 60% of its senior secured lenders on the terms of a pre-negotiated financial restructuring that would extinguish approximately $1.4 billion of indebtedness. Notably, support for the restructuring proposal was solicited only...
If the word "Mother-F____" bothers you don't watch this!  But, if it doesn't, you will get a kick out of what Jonathan did after he got fired from Chicago radio...
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Longtime media consultant Mike McVay, President of McVay Media, and broadcast and new media entrepreneur Tom Embrescia, have launched McVay Syndication, LLC. The partnership is designed to create daypart specific daily programming for a variety of radio formats. The company will announce their first offering this week and is expected to begin with an AC and Classic Hits designed program.

McVay, who has 30 years of programming and consulting...

Free music service Pandora announced today they have topped 40 million registered users.  They are currently signing up some 600,000 new registered users a week and say that half of them are mobile.  They announced last month that over 25% of the people who sign up do so from cell phones.  Pandora has intensified its partnerships with the leading cell phone companies, for example coming pre installed on the hot new Verizon wireles...
The reality of the internet everywhere gets closer day by day, and the announcement by McDonald's that they would drop all fees for Wi-Fi at their stores is just another step.  McDonald's is tied in with AT&T and had been charging $2.95 for two hours.  But, beginning in mid January the fee will be dropped. Wi-Fi is available at 11,000 of the chains 14,000 stores.  They are competing head on with Starbucks and stores like Jamba...
RAB and NAB Announce Expanded Working Relationship
Long-term Communications and Events Initiative Starting in 2010


'The Radio Show produced by RAB and NAB' set for next fall

New York, NY -- December 16th, 2009 -- The Radio Advertising Bureau (RAB) and National Association of Broadcasters (NAB) today announced an expanded partnership of communications and events, including a combined Radio convention Sept. 29-Oct. 1, 2010 in Washington, DC.&n...

Salem Communications Corporation today announced a strategic restructuring of certain of the company's executive officer positions effective January 1, 2010. These changes are designed to make Salem more responsive to the rapidly changing media environment.

As part of this strategic restructuring, Joe Davis will begin a new role at Salem as the Senior Advisor to the CEO, Special Projects and Strategic Development. In announcing this transitio...

Slight Improvement in 2010 Will Be Enhanced From Online Revenues as Stations
More Effectively Embrace Cross-Platforms

Chantilly, VA  - December 2, 2009 - Radio stations across the country were
battered by the economy this year, with the scars revealing the industry will
end 2009 with revenues of $13.3 billion, a 19 percent decrease from last
year, according to BIA/Kelsey's third edition of its quarterly Investing In
Radio® Market Report. Rec...