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Tuesday, December 11, 2018
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Deal Done: Sony / EMI Music Publishing Merger Completed

Sony / EMI Music Publishing Merger Completed

Sony has finished up its acquisition of EMI Music Publishing. The news was discovered in a filing with the SEC Wednesday.  The merger is expected to give Sony nearly $1.3 billion in revenue.News of the deal comes about three weeks after the EU Commission gave the deal regulatory approval.However, back in 2012, Sony and other investors acquired EMI Music Publishing for $2.2 billion dollars.  To finish the outright ownership deal that was valued at $4.75 billion dollars, Sony paid about $2.3 billion to buy out the other investor groups.To get the deal done, Sony paid $287.5 million to the Jackson estate for its nearly 10 percent share.  Sony also agreed to assume $1.359 billion in debt. According to the SEC filing,

Windy City Broadcasting Strikes Deal for FM Radio Translators

Future Vision Entertainment and Windy City Broadcasting Strike $3.5 Million Deal for Two FM Radio Translators

Co-channel translators have been redeployed as a MaxxCasting system to maximize coverage across Chicago’s African-American neighborhoods for Future Vision Entertainment’s “Clubsteppin’” formatWindy City Broadcasting today announced that it has sold two translators to Future Vision Entertainment, an urban format broadcaster based in Chicago, in a $3.5 million deal. The co-channel translators, W236BG and W236CF, are located atop Willis Tower and in the Elmwood Park neighborhood to support the Future Vision Entertainment’s new FM station, heard locally on 95.1.The translators have been redeployed as a MaxxCasting solution from GeoBroadcast Solutions (GBS). Using GBS’

THE WEEKND ANNOUNCES FIRST EVER TOUR IN ASIA

[caption id="attachment_200500" align="alignnone" width="400"] THE WEEKND ANNOUNCES FIRST EVER TOUR IN ASIA (PRNewsfoto/Live Nation Entertainment)[/caption]Grammy Award®-winning and multi-platinum selling music artist The Weeknd unveiled details behind his first-ever tour in Asia. The Weeknd Live In Asia will kick off on Friday, 30 November in Hong Kong, and visit 6 additional cities across Asia including Bangkok, Singapore, Manila, Taipei, Seoul, and Tokyo.THE WEEKND ANNOUNCES FIRST EVER TOUR IN ASIAPromoted by Live Nation, the tour will support the genre-spanning artist's highly-acclaimed projects – Beauty Behind the Madness, Starboy, and My Dear Melancholy – all of which have been littered with chart-topping hits.Starting off his career anonymously, The Weeknd first broke into the music scene with the 2011 mixtape House of Ba

PEOPLE Announces “50 Companies That Care”

Meredith Corporation's PEOPLE reveals its second annual list of "Companies That Care," spotlighting 50 U.S. companies that have succeeded in business while also demonstrating respect, compassion, and concern for their communities, their employees, and the environment.  PEOPLE once again partnered with research and consulting firm Great Place to Work to identify the top U.S. companies that best fit the criteria.  Salesforce, the San Francisco-based cloud computing company that sells customer relationship management tools, landed the No. 1 spot for the second year in a row for leveling the playing field regarding pay equality.Salesforce has long been known for its lavish benefits and "family" culture among its 30,000 employees.  But it was chief personnel officer 

Entercom Acquires One Station and Sells Another

Entercom Communications has announced a definitive agreement to acquire AC WBEB (101.1 MORE FM)/Philadelphia from Jerry Lee Radio, LLC for $57.5 million in cash. The company also announced that it has entered into an agreement to divest Country WXTU (92.5 XTU)/Philadelphia to Beasley Broadcast Group for $38 million in cash. The transactions are immediately accretive to Entercom and are leverage neutral.“We are very pleased to add the legendary WBEB, one of the country’s most recognized and awarded stations, to our group,” said David Field, President/CEO of Entercom. “It is a terrific addition to our lineup that will enhance our ability to serve our listeners, customers and the community. I tip my cap to Jerry Lee, one of the industry pioneers and a visionary leader who built B101 into such a special statio

$26.5 Million Grant to Fund First Large-Scale Study on African-American Men With Prostate Cancer

The Keck School of Medicine of USC is leading a $26.5 million effort to conduct the first large-scale, multi-institutional study on African-American men with prostate cancer to better understand why they are at higher risk for developing more aggressive forms of the disease and why they are more likely to die from it. The RESPOND study, funded by grants from the National Cancer Institute, the National Institute on Minority Health and Health Disparities and the Prostate Cancer Foundation, will look at the role of social stressors and genetics in the development of prostate cancer in African-American men. Researchers hope to recruit 10,000 African-American men nationwide to participate in the study.

Unforgettable Performances Set for Lollapalooza 2018

 

THE BMI STAGE LIGHTS UP DAY ONE OF LOLLAPALOOZA WITH UNFORGETTABLE PERFORMANCES

CHECK OUT SETS BY LARKIN POE, WES PERIOD, FLETCHER, GASHI, SUPA BWE & MADISON BEER

On Thursday, August 2nd the BMI Stage at Lollapalooza kicks off with six incredible performances. For the thirteenth year in a row the stage continues to showcase the industry’s biggest and brightest.Day one kicks off with sister rock duo Larkin Poe, eccentric West Coast rapper, Wes Period, and boundary pushing pop upstart Fletcher. Roc Nation backed lyricist GASHI ushers in the second half of the day’s performances w

Season Three of “Saints & Sinners” Viewed by 7.5 Million Viewers

Bounce's "Saints & Sinners" Season Three Seen by 7.5 Million ViewersAmerica loves Bounce's Saints & Sinners.The only original, scripted drama series on multicast television shined in its third season, reaching over 7.5 million total viewers. Viewership was up versus season two among Households and in the delivery of Persons 2+ and the primetime premieres of the new episodes delivered over half a million P2+for eight consecutive weeks.Saints & Sinners was the fourth most-watched program among all ad-supported cable in the delivery of African-Americans (25-54), Bounce's target-audience, Sunday nights at 9:00 p.m. during its run.One of the many season highlights occurred on May 6 when Sain

Ryan Coogler and Ava DuVernay Take #1 & #2 At The Box Office

[caption id="attachment_190470" align="alignnone" width="800"] Ava DuVernay and Ryan Coogler - Photo Credit: Alberto E. Rodriquez for Disney[/caption]For the first time in history two movies helmed by black directors took the top two spots at the box office. While Ryan Coogler’s Black Panther continued pouncing up the all-time box office lists with another $41.1 million domestically, Ava DuVernay and A Wrinkle In Time joined the party with a $33.3 million opening weekend. The Black Panther train has refus

HOW AMERICA LISTENS: THE AMERICAN AUDIO LANDSCAPE

HOW AMERICA LISTENS: THE AMERICAN AUDIO LANDSCAPE

Each week, more Americans tune to AM/FM radio than any other platform. What’s more, according to Nielsen’s second-quarter 2017 Comparable Metrics Report, 93% of U.S. adults 18 and older listen to radio every week—more than those watching television or using a smartphone, TV-connected device, tablet or PC.

We are in the midst of an exciting time for audio, with more and more ways to listen to information and entertainment. AM/FM radio, on-demand streaming, podcasts, digital radio services and satellite radio are all part of this burgeoning plat

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“Ready to Love” Reunion Special to Premiere December 29 on Own

Oprah Winfrey Network’s hit dating series “Ready to Love” keeps Atlanta ablaze with a sizzling reunion special to premiere on Saturday, December 29 at 10 p.m. ET/PT.

Host Thomas “Nephew Tommy” Miles returns with cast members to reflect on a tumultuous season in which the sexy singles navigated a challenging Atlanta dating scene to find real relationship and find out if they are truly ready to love.

After ten emotional weeks the penultimate episode of the season, airing on Saturday, December 22 at 10 p.m. ET/PT sees each couple deciding if they are truly ready to commit to their chosen relationship, as Tommy tasks each couple with meeting each other’s families. 

“Ready to Lov

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iHeartMedia Cleveland Unveils The New REAL 106.1

iHeartMedia Cleveland announced today the debut of the new REAL 106.1, Cleveland’s Real Hip-Hop and R&B, effective immediately.

REAL 106.1 will broadcast the latest Hip-Hop and R&B music, including songs from artists such as J. Cole, DJ Khaled, Chris Brown, Big Sean, French Montana, The Weeknd, Migos, Drake, Cardi B, Machine Gun Kelly, Travis Scott and more. To commemorate the launch, the station will play 10,000 commercial-free songs in a row. The full program line-up for REAL 106.1 will be announced in the upcoming weeks.“We are extremely excited to add REAL 106.1 to our diverse portfolio of stations in the Cleveland market,” said Keith Hotchkiss, President of iHeartMedia’s North Ohio Region. “REAL 106.1 will play the top songs from the top artists in the Urban format. As Clevelanders get

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GWEN STEFANI SET TO LAUNCH NORTH AMERICAN

GWEN STEFANI SET TO LAUNCH NORTH AMERICAN“THIS IS WHAT THE TRUTH FEELS LIKE TOUR”Special Guest, EVE, to Join the Tour on All DatesTickets on...