Category: Industry News

Apple acquires Shazam.

In a $400 million deal first rumored last week, the Cupertino company has bought the song-tagging outfit. The price is far from the $1 billion valuation Shazam carried for a while, but disappointing earnings brought the vale down. But it’s…

IHeartMedia dials for dollars.

IHeartMedia made an SEC Form 8-K filing through its subsidiary iHeartCommunications, saying it was looking at “a possible private capital-raising transaction” in which shares of Clear Channel Outdoor Holdings, Inc. would be pledged to investors. This is the latest attempt…

FCC has its own connected dash.

Designed to help the public get around their website more easily, the Commission has a new online dashboard. Chairman Pai says, “Since becoming Chairman, I’ve made it a priority to find ways to improve transparency at the FCC. We serve…

Perry Ury, 91.

East Coast broadcasters will recognize the name of this esteemed radio vet, who passed away Thursday (11/8) at his Florida home. Before capping his long career with a turn at consulting, Perry was a corporate executive for Chase Broadcasting and…

Radio’s loss.

Veteran broadcaster and current Chief Operating Officer of NRG Media Chuck Ducoty has announced his retirement effective at the end of this year. Ducoty said, “I have been blessed with a career in an industry I have loved and have…

“The Osgood File” renewed.

Westwood One has extended the contract of Charles Osgood’s 50-year-old franchise. Westwood One President and Cumulus Media Executive Vice President/Corporate Marketing Suzanne Grimes praised Osgood’s “massive appeal and ‘theater of the mind’ storytelling style.” Calling herself “one of his biggest…

Survey says: Radio lags next year.

According to BIA/Kelsey, and its U.S. Local Advertising Forecast 2018, the projection for total local advertising revenue domestically is an increase of 5.2% ($151.2 billion) in the coming year. Digital/online will make up a little over 35% of the total,…