Alpha Media has entered into a restructuring agreement with certain lenders to reduce its debt, as well as raise incremental capital to allow the company to navigate current market conditions and pursue growth opportunities. The company expects no disruption to its broadcast operations, customers or employees. Management will remain in More

Townsquare Media Announces Significant Share Repurchase

Townsquare Media

Townsquare Media has entered into an agreement to repurchase a minimum of 10 million of the 12.5 million shares of Class A common stock, shares of Class B common stock and warrants held by funds managed by Oaktree Capital Management L.P. for $6.40 per security, which reflects a 19% discount from the closing price of the Class A common More

Jessica Rosenworcel Named Acting Chairwoman for the FCC

Jessica Rosenworcel

President Joseph R. Biden has named FCC Commissioner Jessica Rosenworcel as Acting Chairwoman of the Federal Communications Commission. She was sworn in as a Democratic Commissioner in 2017 and replaces outgoing Chairman Ajit Pai. Rosenworcel was previously re-nominated in December, 2015, and the Senate Commerce, Science and More

IBA Creates Member Legal Hotline Staffed by TLP

Independent Broadcasters Association

The IBA has established a legal hotline service for the Independent Broadcasters Association with its association legal counsel, Telecommunications Law Professionals (TLP). Through this service IBA membership will be offered the opportunity to sign up for a cost-effective legal hotline service staffed by TLP. IBA Executive Director More

Geo-Broadcast NPRM in Published in Federal Register

The U.S. Federal Register has published the official notification from the Federal Communications Commission's notice of proposed rulemaking (NPRM) adopted on November 20, 2020, and released on December 1, 2020. The NPRM seeks input regarding changes that could allow FM broadcasters to use these booster More

NAB Files Reply Brief with SCOTUS on Media Ownership

NAB

NAB filed with the Supreme Court on Friday in its media ownership appeal. The reply brief is related to an appeal by the FCC and NAB to the Supreme Court of a ruling by the Third Circuit that blocked the FCC's 2017 quadrennial review order implementing changes to its broadcast ownership rules. Oral arguments More

Senate Confirms Nathan Simington as FCC Commissioner

Nathan Simington

The full Senate on Tuesday confirmed Republican Nathan Simington to a five-year term at the Federal Communications Commission. The longtime telecom lawyer was confirmed in a 49-46 vote, filling the Republican seat previously occupied by Michael O'Rielly, after President Trump declined to renew the sitting More

FCC Seeks Comment on Geo-Targeting with FM Boosters

In a Notice of Proposed Rulemaking, the FCC is seeking comment on whether to modify the Commission's rules governing the operation of FM booster stations by FM radio broadcasters in certain limited circumstances. Consistent with the petition for rulemaking submitted by GeoBroadcast Solutions, the NPRM seeks More

FCC Chairman Ajit Pai to Step Down on Inauguration Day

Ajit Pai

Republican FCC Chairman Ajit Pai announced Monday that he'll depart the agency on President-elect Joe Biden's inauguration day, January 20, ending his four-year run as Chairman. "It has been the honor of a lifetime to serve at the Federal Communications Commission, including as Chairman of the FCC over the More

Reps. Request FCC Suspends Partisan, Controversial Items

Federal Communications Commission

Representatives Frank Pallone and Mike Doyle have sent a letter to the Federal Communications Commission requesting the agency to only pursue consensus and administrative matters that are non-partisan for the remainder of their tenure due to the presidential transition. In a statement, Commissioner More

FCC Okays Boost in Foreign Ownership Cap in iHeartMedia

iHeartMedia

The FCC's Media Bureau ruled in favor of a petition for declaratory ruling filed by iHeartMedia on July 25 to permit iHM to exceed the 25% benchmark for foreign investment. In a SEC filing, iHeartMedia said under reorganization and emergence from proceedings of Chapter 11 Bankruptcy Code on May 1, that it More

FCC Okays Boost in Foreign Ownership Cap in iHeartMedia

iHeartMedia

FCC's Starks Issues Statement on GeoBroadcast Proposal

Geoffrey Starks

FCC Commissioner Geoffrey Starks has issued a statement regarding the circulation of a draft Notice of Proposed Rulemaking seeking comment on modifying the Commission's FM Booster Rules to permit geo-targeted content. "The use of geo-targeted content could provide a way for minority-owned stations to better More

FCC Order Allows AM Stations to Broadcast All-Digital Signal

The FCC issued a Report and Order adopting rules to allow AM radio stations to broadcast an all-digital signal using the HD Radio in-band on-channel (IBOC) mode named MA3.1 The agency says that a voluntary conversion to all-digital broadcasting will benefit many AM stations and their More

FCC Symposium on Access to Capital for Small Broadcasters

FCC

The FCC has issued a public notice announcing that the agency's Access to Capital Working Group of its Advisory Committee on Diversity and Digital Empowerment (ACDDE) and the FCC's Media Bureau will co-host a virtual symposium entitled Path to Media Ownership and Sustainability on November 6, from 9am to 5pm More

FCC's Starks Sees Radio Geo-Targeting Path Towards Diversity

Geo Broadcast Solutions

A step toward increasing media content diversity, without exerting additional legislative authority, would be to revise the FM booster rule to allow geo-targeted content to originate from FM booster stations, said FCC Commissioner Geoffrey Starks to Hispanic broadcasters last week in remarks on "The Enduring More

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