A new set of data from Nielsen has revealed that the average US dweller is listening to a massive amount of audio on weekly basis, although not all of it seems to be coming from sources which you might expect. _____________________________ Guest post by Bobby Owsinski of Music 3.0 Ever…
Category archives: Broadcast & Satellite
iHeartMedia Bankruptcy Talks Extended Through Monday
The deadline to submit a plan for an orderly bankruptcy of iHeartMedia, its 855 radio stations, streaming service and other assets has been extended through 11:59 PM CT on Monday, March 12th. The news came via a new SEC filing from the publicly traded company. ___________________________________ iHeartMedia and its $20…
iHeartMedia Bankruptcy Talks Extended Through Monday
The deadline to submit a plan for an orderly bankruptcy of iHeartMedia, its 855 radio stations, streaming service and other assets has been extended through 11:59 PM CT on Monday, March 12th. The news came via a new SEC filing from the publicly traded company. ___________________________________ iHeartMedia and its $20…
iHeartMedia, 855 Radio Stations Go Bankrupt At 11:59 PM CST Wednesday
UPDATE 3 – The court gave iHeartMedia, its 855 radio stations and creditors until 11:59 PM Central time, Wed. March 7th to agree to a reorganization that would reduce its debt by $15 billion, according to papers filed with the SEC. The deadline has now been extended through Monday, March…
iHeartMedia Bankruptcy Delayed 2 Days, $15B Debt Erased
Creditors gave iHeartMedia a bit more time to work out an orderly bankruptcy plan. America’s largest broadcast radio owner has until 11:59 PM Wednesday to agree with creditors on a reorganization plan, according to documents filed Monday. A new proposal filed with the Securities and Exchange Commission Monday would reduce…
iHeartMedia To Declare Bankruptcy As Early As Today
iHeartMedia is preparing to enter Chapter 11 bankruptcy as early as Monday, according to multiple sources. iHeart owns 855 radio stations in the US, as well as, multiple popular streaming channels. ______________________________________ The fall of iHeartMedia began in 2008 when private equity firms Bain Capital and Thomas H. Lee Partners…
Liberty, SiriusXM Offer iHeart $1.16B Cash Infusion
Liberty Media has signed a deal memo to infuse $1.158 billion into iHeartMedia. iHeart, which owns 850 AM and FM radio stations, has struggled under the burden of $20 billion in debt. Liberty Media which owns a 69% stake in SiriusXM, has proposed infusing $1.159 billion into iHeartMedia. SiriusXM and…
How Are Listeners Finding New Independent Music?
While methods of music discovery vary drastically from person to person, we here look at few avenues which avid music consumers commonly turn to in their search for fresh tunes, depending on the demographic in question. ________________________ Guest post by Rich Nardo of the TuneCore Blog [Editors Note: This article…
SiriusXM Drops The Loft Curated Eclectic Music Channel
Sirius XM has pulled The Loft, an important outlet for independent music, from its satellite. The channel’s longtime programming chief Mike Marrone has also exited and an all-Eagles channel is streaming in its place. ______________________________________ Respected music programmer Mike Marrone has left SiriusXm after 17 years, and the eclectic channel…
Is Rock On Music’s Endangered List?
In the wake the recent Grammy Awards, Fred Jacobs bemoans the decline of rock music as a genre, something which has been on a steady downhill slide for years, but also carries with it the potential for a resurgence. _______________________ Guest post by Fred Jacobs of Jacobs Media Maybe the…