In May 2018, a group led by Fletcher Ford agreed to purchase an AM in Canton, Ill., and its FM translator as part of a deal for a Class B FM.
It’s a facility, now owned by another licensee, that was owned for 46 years by the late Charles E. Wright Jr., who passed away in January 2012 and had sold the facility in 1999.
Now, this AM is on the move again.
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In July 2009, Fred Dockins expanded his media holdings in a significant way. With one Florida FM in his possession, he moved forward with the acquisition of a five-station group in rural southeast Missouri from Randolph Miller’s Southern Star Broadcasting.
Now, Dockins is adding to his Show-Me State holdings, and it’s thanks to a “joyful” deal.
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From our People News page: Connecticut station WIHS(FM) recently honored Ron Gangwer for his service to the station over 20 years.
Gangwer is program manager and an on-air host; he joined the staff of the non-profit Christian outlet in 2001.
Gangwer is a former sixth-grade teacher and school administrator. Steve Tuzeneu, at right in photo, is general manager of WIHS, the call letters of which stand for “We’re in His Service.”) The station is owned by Connecticut Radio Fellowship and emphasizes “live and local” content.
Send People News items to radioworld@futurenet.com.
The post Gangwer Honored by WIHS appeared first on Radio World.
Radioline announced the launch of a radio app that’s compatible with the new premium Huawei Watch GT 2 Pro smartwatch. It said it is the first such app outside China.
“The application offers a wide range of content to listen, with real-time control of the mobile app from the watch, in a simple and elegant UI,” the organization said in a press release.
“With one touch, users can easily start /stop the program and save their preferred shows, podcasts or stations in the favorites. They can also control the volume and see the station or podcast name.”
The announcement was made by Xavier Filliol, COO of Radioline, and Rico Zhang, president of the smart wearable and health products line at Huawei Consumer Business Group.
Radioline, part of Baracoda Co., was founded in 2012 as an online radio service and now promotes itself as a global radio provider with access to 90,000 radio stations plus podcasts. Its content is distributed through a range of partners. Its content is consumed on devices such as smartphones, PCs, connected TVs and certain in-car digital products.
Radioline also recently partnered with Swisscom to offer an Android radio application on the latter’s blue TV Platform.
The post Radioline Adds App for Huawei Watch GT2 Pro appeared first on Radio World.
The controversial donation-based broadcast TV service provider that says it is a non-profit — thus avoiding retransmission consent negotiations — has debuted in two more markets in the U.S. Southeast.
One is a major banking hub and home to Bank of America. The other is home to the nation’s biggest collection of theme parks.
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According to MoffettNathanson Senior Analyst Michael Nathanson, “It should be clear that the COVID-19 pandemic, which has ravaged much of the world for the past 12 months, has accelerated the adoption of streaming services.”
And, as summer turned to autumn and fall turned to winter, Americans once again found themselves in front of their screens with few linear options — aside from live news and sports.
In contrast, Nathanson says, consumers had access to “an unlimited bouquet of
increasingly excellent streaming content choices.”
Is broadcast TV losing the content war to “SVOD”?
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Ross Video will host a Webinar on Tuesday (1/26) which will talk about new software-based audio solutions for broadcasters.
Orban and Nielsen partnered with Ross to add specific elements to this platform that bring a new set of tools to radio broadcasters.
This event is scheduled for 11am Eastern/8am Pacific on Tuesday.
It sees the Signal Processing Team discuss in detail Ross Video’s infrastructure products for Cloud Technologies, IP Networks and SDI Infrastructure.
The Ross team will also be joined by representatives Orban Labs and The Nielsen Company to discuss cloud-based signal processing infrastructure.
“The broadcast community, including radio, is moving steadily toward software-based solutions for the broadcast air chain,” says Orban VP/Business Development Mike Pappas. “The new softGear platform from Ross, which incorporates next-generation Orban processing along with Nielsen audio watermark encoding and Dolby audio, brings powerful tools to Radio broadcasters. It’s available now.”
Pappas adds that one launch customer “has ordered hundreds of channels.”
Product introductions and upgrades to Ross’ Signal Processing portfolio will also be shared on the Tuesday webinar.
To register, click here: https://www.rossvideo.com/live
Beasley Broadcast Group’s wholly owned subsidiary Beasley Mezzanine Holdings on Thursday (9/21) priced its offering of $300 million in aggregate principal amount of 8.625% Senior Secured Notes due 2026.
The size of the offering was increased by $20 million from the previously announced offering size of $280 million.
The Notes were offered to persons “reasonably believed” to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and outside the United States in compliance with Regulation S under the Securities Act.
Beasley expects to use the net proceeds of this offering to repay in full existing indebtedness under the company’s senior secured credit facilities and certain other indebtedness, with remaining proceeds to be added to the Issuer’s balance sheet and used for general corporate purposes.
Translation: It is a new debt for old debt transaction.
The Notes offering is expected to close on February 2.
Investors took a late afternoon liking to BBGI on Thursday. At 2:36pm Eastern, a big gain was seen, helping Beasley Broadcast Group experience a 11.3% gain on the day.
It brings the audio media company’s stock to a fresh six-month best.
With the Closing Bell on January 21, BBGI was at $2.27. It shed three cents in early after-hours trading on the Nasdaq Global Market.
Could it be tied to a debt swap announced Tuesday (1/19)?
It’s possible, as Beasley Broadcast Group wholly owned subsidiary Beasley Mezzanine Holdings intends to offer $280 million in aggregate principal amount of senior secured notes, subject to market and other conditions.
On a six-month chart, BBGI looks good.
On a one-year chart, it’s another story. In mid-June 2020, a $3.86 spike was seen — marking a short-lived jump for an undervalued issue.
One year ago, BBGI was $3.65. And, five years ago shares were $3.68.
The five-year high: $13.40, seen in late 2017.
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