In Brief - August 30, 2013
August 30, 2013

Nielsen Holdings has released a brief statement, announcing it has agreed to an extension for the FTC's regulatory review of its deal to acquire Arbitron. The deadline has been extended into September and "Nielsen continues to be confident in the ultimate outcome."

Slater joins CHR WXYK/Biloxi for nights.

Morning co-host Dave Weston exits Hot AC KRAV/Tulsa to concentrate full time on his voiceover business.

The New Jersey Devils and Sports WFAN (Sports Radio 66 AM and 101.9 FM)/New York announce the extension of their multi-year partnership, in which the CBS Radio all-sports station will continue to broadcast the team's regular and post-season games. 

NextMedia has launched the JACK format in the Greenville-New Bern and Jacksonville-Wilmington, N.C. markets. GM Larry Weiss, commented, “Our two signals, at 92.3 and 101.1, will carry the distinctive sound of JACK FM to the entire coastal Carolina region, and the unique playlist and music mix is perfectly suited to our North Carolina lifestyle." The Jack Format replaces Adult Hits SAM-FM on 101.1 and Urban AC on 92.3. Tom “Tubby” Lawler will add the role of Brand Manager for JACK-FM on top of his midday duties on WXQR (Rock 105).

Warner/Chappell Music announces the following appointments: Ann Sweeney is named EVP, Digital Strategy & Policy, expanding her role to take on global responsibilities. Stephen Dallas becomes VP, Digital Legal Affairs & Business Development. Iain Morris has been upped to the newly created role Head of Digital, Europe, based in London.

Tribune Co. has reported its Q2 financial results, as the media company saw consolidated operating revenues fall 10 percent to $730 million. Broadcasting revenue fell by $66 million to $260 million, primarily as a result of a decrease of
$41 million in copyright royalty revenues due to one-time royalties in 2012. Excluding these additional copyright royalties, Broadcasting revenues declined $25 million in Q2 2013.

European media giant Bertelsmann has released its fiscal results for the first six months of 2013. Operating profit was up 5.2 percent, in part due to its acquisition of 100 percent of BMG Rights Management. However, revenue was down 1.9 percent to 7.43 billion Euros (or approximately $9.8 billion).




 
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Mike McVay
SVP/Content & Programming
Cumulus Media

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