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  • Colorado Media Newsroom's Avatar
    April 14th, 2021, 02:24 AM
    From Radio Online: The Independent Broadcasters Association's (IBA) first national cash contest exceeded all expectations for driving new revenue from local advertiser sponsorships. The two hundred member stations participating in the Spring, 2021 contest have seen an average of 13 times return on their investment. More...
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    April 13th, 2021, 07:40 PM
    From All Access: LORI ANDERSON, LEE LEIPSNER, CHARLIE FOSTER, RICHARD PALMESE, PRISCILLA KINKAID, BRADY BROSKI, ZANN FREDLUND, MATT HOLIDAY, MICHAEL STARR, BRAD STEINER, LISA CRISTIANO, DREW MURRAY, … more
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    April 13th, 2021, 05:46 PM
    From Radio Online: KRCC, Southern Colorado's NPR station (and part of the Colorado Public Radio network), is celebrating 70 years on the air in 2021. Its hometown of Colorado Springs is also celebrating a big birthday. It was founded in 1871, making this year the city's 150th anniversary. To celebrate the More...
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    April 13th, 2021, 05:46 PM
    From Radio Online: Triton Digital and Stingray, a music, media and technology company in Montreal, have announced that Stingray Radio has selected Triton's Omny Studio platform to support its podcast strategy. Through this partnership, Stingray Radio will utilize the tools within More...
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  • Colorado Media Newsroom's Avatar
    April 13th, 2021, 05:46 PM
    From Radio Insight: Univision Holdings has announced it will merge content and media assets with Mexico’s Grupo Televisa to create the largest Spanish language media company in the world. Univision will pay $3.0 billion in cash, $750 million in Univision common equity and $750 million in Series B preferred equity for Televisa’s content assets. SoftBank Latin American Fund will lead financing of $1 billion of new Series C equity along with current Univision investor ForgeLight LLC and some new investment by Google and The Raine Group. J.P. Morgan will arrange $2.1 billion of debt commitments. Televisa will own 45% equity of the new Televisa-Univision, while retaining separate ownership of izzi Telecom, Sky, as well as the main real estate associated with the production facilities, and the Mexican broadcasting licenses and transmission infrastructure. The new company will also outsource all of its news production in Mexico to a new company owned by The Azcárraga family to guarantee that news content remains in Mexican hands and is produced in Mexico. Televisa-Univision will retain all assets, IP and library related to Televisa’s News division. The combined company will include Univision’s two broadcast television networks in the United States, nine cable networks, 61 television stations, 58 radio stations and digital assets. Televisa will contribute its four broadcast channels in Mexico, 27 subscription networks, Videocine movie studio, and Blim TV VOD service. The new Televisa-Univision will be be led by Univision CEO Wade Davis. Alfonso de Angoitia will serve as Executive Chairman, while SoftBank International CEO Marcelo Claure will be Vice Chairman. The company’s board will include 13 directors, with five appointed by Televisa, three by Searchlight and ForgeLight, two by Series C shareholders, and three independent directors. The deal follows the purchase of 64 percent of Univision by an investor group led by CEO Wade Davis’ ForgeLight LLC and Searchlight Capital Partners last year. Televisa had retained its 36% stake in Univision following the closing of that deal. Grupo Televisa, S.A.B. (“Televisa”), and Univision Holdings, Inc. (together with its wholly owned subsidiary, Univision Communications Inc., “Univision”), today announced a definitive transaction agreement in which Televisa’s content and media assets will be combined with Univision to create the largest Spanish-language media company in the world: Televisa-Univision (the “Company”). The combination brings together the two leading media businesses in the two largest Spanish-speaking markets in the world: Univision in the United States, the largest Spanish-language media market by value, and Televisa in Mexico, which is the most populous Spanish-language market in the world. The resulting business will hold the largest long-form library of content in the world, a powerful portfolio of IP and global sports rights, fueled by the most prolific Spanish-language production infrastructure. The power and scope of these content assets are unmatched. In 2020, Televisa produced more than 86,000 hours of content across every genre and category, including sports and special events, dramas, newscasts, situation comedies, game shows, reality shows, children’s programs, comedy and variety programs, musical and cultural events, movies and educational programming. Televisa will also contribute its four free-to-air channels, 27 pay-TV networks channels and stations, its Videocine movie studio and Blim TV subscription video on demand (SVOD) service; and the Televisa trademark. These media assets comprise the definitive market leader in Mexico. The Company will further benefit from Univision’s market-leading assets in the United States which includes the Univision and UniMás broadcast networks, nine Spanish-language cable networks, 61 television stations and 58 radio stations in major U.S. Hispanic markets and Puerto Rico, and prominent digital assets including its recently launched AVOD streaming service, PrendeTV. The combined entity will have the content, production capacity, intellectual property, global reach and financial resources to aggressively pursue the relatively nascent global Spanish-language streaming opportunity. The Spanish-language market, which represents around 600 million people globally, and an aggregate GDP of about $7 trillion, is significantly underserved from a streaming perspective relative to other major markets. Less than 10% of the Spanish speaking population currently use an OTT video product, compared with the English language market where nearly 70% of the population has at least one streaming service. “This strategic combination generates significant value for shareholders of both companies and will allow us to more efficiently reach all Spanish-language audiences with more of our programming,” said Emilio Azcárraga, Executive Chairman of the Televisa Board of Directors. “Together, Televisa-Univision can more aggressively pursue innovation and growth through digital platforms as the industry continues to evolve. Our new investors at the SoftBank Latin America Fund, Google and The Raine Group are just as excited about the opportunities presented by this combination.” “This transformative combination brings together the leading network serving U.S. Spanish-language audiences with the leading media platform in Mexico powered by the most powerful Spanish-language content engine in the world,” said Univision CEO Wade Davis. “Televisa-Univision will emerge as the leading global Spanish-language multi-media company, uniquely positioned to capture the significant market opportunity for Spanish speakers worldwide.” Davis continued, “The composition of our new investor group reflects confidence in our strategy, the progress of our digital transformation and the magnitude of the opportunity ahead of us. I would like to thank Chairman Emilio Azcárraga for his confidence in us, to continue as partners growing the incredible company he and his family have built. I would also like to thank Televisa Co-CEOs Alfonso de Angoitia and Bernardo Gómez for their continued support and partnership as we work together to provide our audience with even more access to even more powerful, compelling and engaging Spanish-language content, however they choose to access it.” “We have been deeply involved with Univision for more than two decades, and we have never enjoyed a better relationship with our partners,” said Bernardo Gómez and Alfonso de Angoitia, Televisa’s Co-Chief Executive Officers. “We are creating a company which is a leader across multi-media categories, unified over the largest territories and with the scale and focus to deliver the most compelling content experience to Spanish-language consumers around the world. We are confident that this strategic transaction will maximize the potential of our Content segment, while allowing us to strengthen our balance sheet and focus on growth opportunities at our Telecom business.” “The SoftBank Latin America Fund is proud to invest in the combination of Televisa-Univision to help create a content powerhouse that can serve the nearly 600 million Spanish-language speakers globally. With the largest and most iconic original Spanish content library in the world and access to SoftBank’s global tech ecosystem, we will help transform the new company into the leading Spanish-language multi-platform digital media company and one of the most important OTT service providers in the world,” said Marcelo Claure, Chief Executive Officer of SoftBank Group International and board member of Univision. Terms of the Transaction Televisa will continue to capture the upside from the significant growth potential of the Company by remaining the largest shareholder in Televisa-Univision with an equity stake of approximately 45%. As a part of the agreement, Televisa will retain ownership of izzi Telecom, Sky, and other businesses, as well as the main real estate associated with the production facilities, the broadcasting licenses and transmission infrastructure in Mexico. Televisa’s content assets will be contributed for approximately $4.8 billion. Under the terms of the agreement, Univision will pay $3.0 billion in cash, $750 million in Univision common equity and $750 million in Series B preferred equity, with an annual dividend of 5.5%. The balance is derived from other commercial considerations. The combination will be financed through $1.0 billion of new Series C preferred equity investment led by the SoftBank Latin American Fund (“SoftBank”), along with current Univision investor ForgeLight LLC, with participation from Google and The Raine Group; and $2.1 billion of debt commitments arranged by J.P. Morgan. News content production for Mexico will be outsourced from a company owned by The Azcárraga family to guarantee that news content remains in Mexican hands and is produced in Mexico. Televisa-Univision will retain all assets, IP and library related to Televisa’s News division. The transaction is expected to close in 2021, subject to customary closing conditions, including receipt of regulatory approvals in the United States and Mexico, and Televisa shareholder approval. The Board of Directors of both Televisa and Univision have already approved the combination. Management and Board Univision CEO Wade Davis will lead the combined company, Alfonso de Angoitia will serve as Executive Chairman of the Televisa-Univision Board of Directors and Marcelo Claure, CEO of SoftBank International will become Vice Chairman of the Board. The Company’s Board will have 13 directors, including five appointed by Televisa, three by Searchlight and ForgeLight, two by the Series C shareholders and three independent directors. At closing, the board will be Emilio Fernando Azcárraga Jean, Bernardo Gómez Martínez, Alfonso de Angoitia Noriega, Marcelo Claure, Michel Combes, Gisel Ruiz, Oscar Muñoz, Maria Cristina “MC” Gonzalez Noguera, Wade Davis, Eric Zinterhofer, Jeff Sine and two additional Televisa appointees. After closing, content production and operations in Mexico will continue to be led by Emilio Azcárraga, Chairman of the Televisa Board of Directors, and Bernardo Gómez and Alfonso de Angoitia, Televisa’s Co-Chief Executive Officers, during a transition period to ensure a smooth and successful integration. Strong Financial Profile As a result of the significant equity infusion and enhanced profitability of the Company, Televisa-Univision’s net debt leverage ratio is expected to decline by over 2.0x to approximately 5.0x, when accounting for run-rate revenue and cost synergies of $200 to $300 million. Televisa-Univision’s differentiated market proposition and cost structure allow for premium top line pricing with efficient content costs as most of the production will take place in Mexico where the Company has substantial high quality production studios in an ideal market to source premium content. This creates a powerful margin profile unlike any other media company, including run-rate synergies, EBITDA margin is expected to be close to 45%. The combined financial strength will allow the Company to invest in the anticipated launch of its global streaming platform, which is expected in early 2022. Grupo Televisa Post-Transaction Post-transaction, Televisa will keep developing and expanding its industry-leading Telecom business in Mexico, offering best-in-class high-speed internet access and providing high-quality programming as a content aggregator. Televisa will use the proceeds received from Univision primarily to pay down debt, while continuing to pursue growth opportunities and strengthen its leading position through ongoing investments at its core businesses. As a result, Televisa’s net debt leverage ratio will decline to below 2.0x and its U.S. dollar-denominated assets and liabilities will be matched. After the transaction closes, Televisa will no longer consolidate financials of its Content segment. Advisors Guggenheim Securities and J.P. Morgan are acting as financial advisors to Univision; and Paul, Weiss, Rifkind, Wharton & Garrison LLP; Sidley Austin LLP and Covington & Burling LLP are serving as legal counsel to Univision. Allen & Company is acting as financial advisor to Televisa. Wachtell Lipton, Rosen & Katz; and Mijares, Angoitia, Cortés y Fuentes, S.C. are providing legal counsel. Pillsbury Winthrop Shaw Pittman LLP is serving as regulatory counsel. LionTree Advisors LLC rendered a fairness opinion to the Board of Directors of Televisa. Cleary Gottlieb Steen & Hamilton LLP served as legal counsel to the SoftBank Latin America Fund. Pillsbury Winthrop Shaw Pittman LLP served as legal counsel to The Raine Group. more
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    April 13th, 2021, 05:46 PM
    From All Access: UNIVISION and MEXICO's GRUPO TELEVISA have announced that they will merge TELEVISA's content assets into UNIVISION to form TELEVISA-UNIVISION, which the parties say will be the … more
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    April 13th, 2021, 05:46 PM
    From All Access: FULL POWER RADIO ups TIM BURROWS to VP/Ops. BURROWS will help manage operations of FULL POWER RADIO STATIONS, owned by broadcaster JOHN FULLER. BURROWS began his broadcasting career in … more
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    April 13th, 2021, 04:03 PM
    From Radio Online: WGTS-FM (91.9) Washington, DC welcomes Brandi Lanai to the DC area for a live show. For the past seven years, she has voice-tracked the evening show on WGTS. Her primary post has been doing mornings on KSGN in the Riverside-San Bernardino market. Now she's making the move from California to DC to More...
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    April 13th, 2021, 04:03 PM
    From Radio Online: Major League Baseball and SiriusXM have expanded their agreement to include additional streaming rights starting with the 2021 MLB season. For the first time, SiriusXM subscribers with a streaming-only subscription now have access to live play-by-play broadcasts of every MLB game as they listen on More...
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  • Colorado Media Newsroom's Avatar
    April 13th, 2021, 02:20 PM
    From All Access: FULL POWER RADIO, Inc. announced TODAY (4/13) the appointment of TIM BURROWS as VP of Operations of the NEW ENGLAND-based radio and streaming broadcasting companies. BURROWS will help manage … more
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    April 13th, 2021, 02:20 PM
    From All Access: LIVE NATION and livestream platform VEEPS announced TODAY (4/13) they have started equipping more than 60 concert venues across the U.S. to offer livestreaming, giving any artist playing at … more
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    April 13th, 2021, 02:20 PM
    From All Access: AUDACY has extended its agreement with VERITONE to use the latter's VERITONE Discovery AI-powered content search and analysis platform. AUDACY, then known as ENTERCOM, was among the first … more
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    April 13th, 2021, 02:20 PM
    From All Access: For over 20 years, MARK HARVARD has been on the air at Talk, Christian, Oldies and Top 40 radio. Now, he's left full-time radio and is following his calling to bring hope to those … more
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    April 13th, 2021, 02:20 PM
    From All Access: Industry veteran CARY PALL, founding programmer and Chief Engineer of WMMO/ORLANDO, and most recently CEO for GOLDSTON MEDIA in HAMILTON, OH, has passed away. During his 40+ years in the … more
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    April 13th, 2021, 01:20 PM
    From Radio Online: Woofy Ramone is appointed Operations Manager of JVC Media of Florida's Fort Walton Beach cluster, beginning in early June. Ramone is a 30-plus year Fort Walton Beach-Destin market veteran and former staple at crosstown Cumulus Media's WKSM-FM. He'll oversee JVC's CHR WECQ (Q92), Country WHWY More...
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    April 13th, 2021, 01:20 PM
    From All Access: CAP CITY COMMUNICATIONS has flipped WKYW-A & W228CL/FRANKFORT,KY from Classic Hits to Hot AC, now branded as POP RADIO 93.5 FM. Musically, they're all about POP, DANCE, HIP-HOP, … more
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    April 13th, 2021, 01:20 PM
    From Radio Insight: Radio One announced new Program Directors and multiple talent changes at Adult R&B “Majic 94.5” KZMJ Gainesville/Dallas and Hip Hop “97.9 The Beat” KBFB Dallas today. At KZMJ, Skip Cheatham has been named Program Director. Cheatham has served as Program Director and Executive Producer for Reach Media’s syndicated “DL Hughley Show” since 2013 and will continue in that role as well. He previously spent sixteen years at Service Broadcasting’s “K104” KKDA-FM Dallas including stints as Program Director, morning host and afternoon host. The Program Director role at KZMJ and KBFB had been vacant since the exit of Mark McCray last year. Veda Loca, who returned to Radio One Dallas in August 2020 to host a Friday and Saturday night show on KZMJ, will add a 12-3pm weekday slot on the station. Loca spent seventeen years at KBFB, hosting afternoons until moving to mornings from November 2017 until her exit in January 2020. KBFB has appointed Theodore ‘Big Bink’ Turner as Program Director. Turner, who has been serving as a producer for the Rickey Smiley Morning Show, since January 2020, previously spent eleven years at KBFB with time as Assistant Program Director, Music Director, Mixshow Coordinator, and midday host from 2000 to 2011. He later served as Operations Manager for Radio One’s clusters in Columbus and Indianapolis. Jazzi Black will return to the station as midday host replacing Dee ‘Lil D’ Porter, who was let go at the end of March. Black previously worked at the station as a co-host on Veda Loca’s morning show. Evening host ‘P Skillz’ Dorsey moves up to afternoons replacing the exiting Jesse Salazar. Weekend host/mixer Jose ‘Hollywood Zay’ Lorenzana is promoted to evening host. more
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    April 13th, 2021, 01:20 PM
    From All Access: LIVE NATION and livestream platform VEEPS announced TODAY (4/13) they have started equipping 60+ concert venues across the US to offer livestreaming, giving any artist playing at one of these … more
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    April 13th, 2021, 01:20 PM
    From All Access: TORONTO-based CCS RIGHTS MANAGEMENT announced the launch of a new neighboring rights division and the conclusion of exclusive, worldwide deals with multibillion-dollar children’s … more
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    April 13th, 2021, 01:20 PM
    From All Access: NASHVILLE-based ENDURANCE MUSIC GROUP has added veteran publishing administrator CARRIE WILKINS to the newly created role of VP of Administration for its AMPLIFIED ADMINISTRATION division, … more
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    April 13th, 2021, 01:20 PM
    From All Access: The syndicated "LAW ENFORCEMENT TODAY" show has been added at MAGNUM BROADCASTING News-Talk WPIK/SUMMERLAND KEY, FL-WKEZ/TAVERNIER, FL (KEYS TALK 95.9/102.5). The weekly show, … more
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    April 13th, 2021, 01:20 PM
    From Radio Online: Theodore "Big Bink" Turner returns to Urban One's KBFB-FM (97.9 The Beat)/Dallas as Program Director. Born and raised in Chicago, Big Bink started his radio career at Urban One/Dallas as the midday host and Music Director before being promoted to the Operations Manager for the Urban One radio More...
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    April 13th, 2021, 01:20 PM
    From Radio Insight: The National Association of Broadcasters (NAB) announced the 10 winners of the 34th annual NAB Crystal Radio Awards. Since 1987, the NAB Crystal Radio Awards have recognized radio stations for their year-round commitment to community service. The winners were selected from 50 finalists and honored today during NAB Show Premiere, available exclusively on NAB Amplify. The winners of the 2021 Crystal Radio Awards are: KSL-FM Salt Lake City, Utah KRSP-FM Salt Lake City, Utah KSTP-FM Saint Paul, Minnesota WBAP-AM Dallas, Texas WDRV-FM Chicago, Illinois WFXE-FM Columbus, Georgia WJJY-FM Brainerd, Minnesota WMMR-FM Philadelphia, Pennsylvania WSB-FM Atlanta, Georgia WWRM-FM Tampa, Florida The winners were chosen by a panel of judges representing the broadcast industry, community service organizations and public relations firms. Five-time NAB Crystal Radio Award winning station WHUR-FM Washington, D.C. also recieved the esteemed Crystal Heritage Award during the special event. Only nine other stations have received this honor. more
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    April 13th, 2021, 01:20 PM
    From All Access: REPUBLIC RECORDS SVP/A&R BRETT ALPEROWITZ has been upped to EVP/A&R as announced today (4/13) by REPUBLIC RECORD Pres./West Coast Creative WENDY GOLDSTEIN. ALPEROWITZ will continue in … more
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    April 13th, 2021, 01:20 PM
    From All Access: URBAN ONE R&B KZMJ (MAJIC 94.5)/DALLAS has named market programming veteran SKIP CHEATHAM PD. The PHILLY native does a weekend show on MAJIC 94.5 and is Exec. Producer and PD for THE DL … more
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    April 13th, 2021, 01:20 PM
    From All Access: A new 24/7 commercial-free global streaming indie/alternative/electronic radio station FLOOD FM officially launched TODAY (4/13) by AARON AXELSEN . AXELSEN joined the start-up FLOOD FREQUENCY … more
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    April 13th, 2021, 01:20 PM
    From All Access: The AMERICAN SOCIETY OF COMPOSERS, AUTHORS AND PUBLISHERS (ASCAP) rolled out its winners of the 2021 ASCAP POP MUSIC AWARDS. THE WEEKND is ASCAP Songwriter Of The Year for the first time. THE … more
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    April 13th, 2021, 11:25 AM
    From the FCC: Ex Parte Presentations And Post-Reply Comment Period Filing In Permit-But-Disclosure Proceedings Received on 4/1/2021 . https://www.fcc.gov/edoc/371527
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    April 13th, 2021, 11:25 AM
    From the FCC: Actions . https://www.fcc.gov/edoc/371538
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