Industry News

Seacrest won’t bid for DCP

The media mogul has dropped out of the running for Dick Clark Productions, the eponymous company founded by Seacrest’s friend and mentor. Seacrest was backed by Bain Capital Partners. The leading bidder is Guggenheim Partners, although there is an unnamed…

Rockers rock the downloads most

According to a new survey from The Media Audit, Top 40/Rhythmic listeners are the biggest consumers of CDs and digital music downloads among the top-20 highest reaching radio formats. In addition, over 40% of the format’s weekly listeners frequently purchase…

Mel to sell

The Sirius XM CEO has filed paperwork with the SEC to exercise options on, and sell, 30 million shares of his company. According to the satcaster, “Sirius XM Radio Inc. said Thursday that its CEO, Mel Karmazin, has adopted a…

Pandora under attack

The Musicians First Coalition is targeting Pandora for attempting to get its royalty payments to musicians lowered. In fact, according to the New York Post, “The coalition is expected to begin a PR campaign against Pandora that will include alerting…

Good guy of the week

Christmas is coming a little bit early this year for employees of Emmis Communications, as a certain Santa named Jeff Smulyan is passing out a $1000 bonus for all full timers, and $250 bonus for all part-timers, which, he says,…

Can’t we handle the truth?

Beloit College in Beloit, WI annually publishes a list of tidbits representing the thinking of the incoming class. It’s called “The Mindset List,” and the list for the Class of 2016 includes “5. If they miss The Daily Show, they…

When networks fight

The Talk Radio Network is suing Dial Global, alleging that DG has violated antitrust and monopoly laws by its sales representation of most of the N/T networks and programming. TRN issued a press release from CEO Mark Masters saying, “This…

The last 19 million

According to the FCC, there are still about 19 million people in the United States without access to high-speed Internet. About three-fourths of those Americans living in rural areas where “there is no business case to offer broadband.” Furthermore, fully…

Radio’s shrinking piece of the political pie

According to Wells Fargo analyst Marci Ryvicker, during the 2012 election season, radio will garner about six% less of all political spending than we did in 2008. Another way of looking at it: Ryvicker predicts that radio’s total share of…

Shareholder sues Sirius XM

The City of Miami Police Relief and Pension Fund has filed suit in Delaware Chancery Court against the board of directors of the satellite provider for failing to prevent a takeover by Liberty Media. According to the suit, the Liberty…