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Court Approves LBI Media Reorganization Plan

Plan Approved The latest reorganization plan offered by LBI MEDIA INC. has received approval from U.S. Bankruptcy Court.The approval from the DELAWARE court for the Third Amended Plan of Reorganization on WEDNESDAY (4/17) clears the path for the broadcaster to emerge from bankruptcy after jettisoning about $530 million in debt, with private equity investor HPS INVESTMENT PARTNERS, the first lien lender, retaining a stake.  LBI, the parent of LIBERMAN BROADCASTING and owner of several radio and television stations and the ESTRELLA TV network, filed for Chapter 11 bankruptcy in NOVEMBER.  The filing followed a lawsuit by second lien noteholders ...
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Talaya Trigueros Exits Middays At KTWV (94.7 The Wave)/Los Angeles

Talaya Trigueros A surprise in SOUTHERN CALIFORNIA, as reported budget cuts are the reason for the exit of 30+ year vet TALAYA TRIGUEROS from middays on ENTERCOM Urban AC KTWV (94.7 THE WAVE)/LOS ANGELES. TRIGUEROS began her career at the former KRE/BERKELEY, CA which became KBLX, where she settled into middays. She  moved to KUTE/LOS ANGELES, with additional L.A. stops at KNX and the former K-OCEAN/NEWPORT BEACH before moving to THE WAVE.  « see more Net News https://www.allaccess.com/net-news/archive/story/185789/talaya-trigueros-exits-middays-at-ktwv-94-7-the-wa ...
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UMG Nashville Promotes Chris Schuler To VP

Chris Schuler UNIVERSAL MUSIC GROUP NASHVILLE has promoted CHRIS SCHULER to VP/Promotion & Radio Marketing. A six-year veteran of the company, SCHULER most recently was Dir./Promotion & Radio Marketing. In his new role, SCHULER will continue to work with all four UMG NASHVILLE imprints — CAPITOL RECORDS NASHVILLE, EMI RECORDS NASHVILLE, MERCURY NASHVILLE, and MCA NASHVILLE to maximize radio exposure of its artists, provide chart strategy and airplay analytics, and work with his fellow promotion executives to implement chain-wide initiatives for album launches. “I am so excited to be able to announce the promotion of CHRIS SCHULER to VP,” ...
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Cumulus Sells KLOS/Los Angeles To Meruelo Media, Swaps Two Connecticut Stations To Connoisseur For Four In Lehigh Valley

Sold CUMULUS MEDIA is selling Rock KLOS/LOS ANGELES to MERUELO MEDIA for $43 million and is swapping AC WEBE/WESTPORT, CT and News-Talk WICC-A/BRIDGEPORT, CT to CONOISSEUR MEDIA for Classic Rock WODE (99.9 THE HAWK), Alternative WWYY (SPIN RADIO 107.1), and Sports WEEX-A-WTKZ-A (ESPN LEHIGH VALLEY)/ALLENTOWN-BETHLEHEM-EASTON, PA.  MERUELO, which owns Top 40/Rhythmic KPWR (POWER 106), Classic Hip Hop KDAY-KDEY, and Spanish Independent KWHY-TV/LOS ANGELES, will take over KLOS under an LMA TOMORROW (4/16) and CUMULUS and CONNOISSEUR will operate each other's swapped stations under LMAs on MAY 1st.CUMULUS Pres./CEO MARY G. BERNER said,  “These transactions are part of the continued ...
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JJ Kincaid Exits Mornings At KPTT (95.7 The Party)/Denver

JJ & Nina SHOCKER!  JJ KINCAID, one-half of the JJ & NINA morning team at iHEART Top 40 KPTT (95.7 THE PARTY)/DENVER, has exited after nearly four years with the station. KINCAID has been with iHEART for over 15 years, coming to the Mile High City from NEW YORK, where he spent nine years as afternoons host at Top 40 WHTZ (Z100). Prior to that, he spent three years in PM drive at Top 40 KHKS/DALLAS.  "It has been an honor waking up DENVER all these years. I'm going to take a moment to enjoy sleeping in, plus maybe ...
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Infinite Dial’s Podcast Consumer 2019 Report Shows More Growth In Podcast Listening

Report EDISON RESEARCH and TRITON DIGITAL released more information from their INFINITE DIAL study on THURSDAY (4/11), this time focusing on podcast consumers. Highlights of the Podcast Consumer 2019 study included sharp growth in podcast usage, with 51% of Americans 12+ saying they've listened to a podcast, 32% in the last month and 22% in the past week; 122% growth in "Share of Ear" listening in five years; the largest growth occurring in the 12-24 demographic but all demos showing increases; 41% of monthly listeners saying they're listening to podcasts more in the last year, versus 13% saying they're ...
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NAB Show Wednesday: Podcasting Takes Center Stage; Attendance Down A Bit

Podcasting Day By PERRY MICHAEL SIMON in LAS VEGAS: WEDNESDAY's session schedule for audio content at the NAB SHOW is centered on podcasting, podcasting, and more podcasting. On tap are an all-day track of podcasting-oriented sessions looking at the medium's rapid growth, content development, origin stories of popular shows, newcomers to the form, the viewpoints of a panel of podcast veterans, and growing an audience. Podcasting will also be part of another panel focused on radio's future. Attendance Slips Attendance at the convention was down from the previous year, with the NAB announcing 2019 total preliminary registered attendance of ...
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Coleman Insights Contemporary Music Study Reveals Pop’s Strong Cross-Genre Appeal

More Data COLEMAN INSIGHTS is releasing the results of a new research project, “The Contemporary Music SuperStudy,” which examines the current appetite for contemporary music among 1,000 12-54 year olds across the UNITED STATES and CANADA.  The study measures the appeal of the most consumed songs of 2018 as reported by NIELSEN MUSIC/BDSradio based on radio airplay, streaming and sales data. The second entry in a four-part blog series, “There’s a Reason They Call It Pop Music,” reveals that among fans of each of the six contemporary genres tested in the study—Hip Hop/R&B, Country, Dance/Electronic, Alternative/Rock, Pop and Latin¬—Pop ...
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13th Annual Taste Of Hope Another Huge Success

Richard Palmese, Alissa Pollack, Steve Bartels The 13th annual TASTE OF HOPE dinner was held last night, THURSDAY, APRIL 4th, at THREE SIXTY° in NEW YORK. Hundreds of the biggest power players from radio, music, film and the entertainment industry gathered for an exclusive dinner and support CITY OF HOPE through a live and silent auction featuring a selection of distinguished vintages from some the world’s finest private collections.  Chaired by iHEARTMEDIA EVP/Global Music Marketing ALISSA POLLACK, the event has raised more than $3 million since its inception.  Last night hundreds of thousands of dollars more were generated.  A ...
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Craig Carton Gets 42 Months In Jail For Ponzi Scheme

Carton Former ENTERCOM (then CBS) Sports WFAN-A-F/NEW YORK morning host CRAIG CARTON has been sentenced to 42 months in prison by U.S. District Judge COLLEEN MCMAHON for running a ticket-resale Ponzi scheme. NEWSDAY and multiple media sources report that CARTON, 50, who once teamed with ex-NFL star BOOMER ESIASON in mornings on WFAN, was found guilty of fraudulently bilking over $5 million from investors by lying about profitable ticket deals, then using that money to pay massive gambling debts and repay former investors. Before sentencing, CARTON asked for leniency because he was a gambling addict who was raped as ...
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