Announcement

CBS RADIO AND CARSON DALY AGREE TO MULTI-YEAR CONTRACT EXTENSIONDaly to Continue as Host of 97.1 AMP Radio’s “Mornings with Carson Daly” and the Nationally Syndicated “The Daly Download with Carson Daly”CBS RADIO today announced that the major market broadcaster has signed Carson Daly to a multi-year contract extension. [...]

Perhaps Shawty Lo's Show SHOULD be Broadcast - Sabrina Lamb Interview (vid)With all due respect for Sabrina Lamb's position, I think our community may actually benefit from this show airing.I've really been on the fence about this issue concerning Shawty Lo's show "All My Babies' Mamas" for many reasons. First and foremost I too was not happy with the title and the concept of the show, then I had to ask myself was I so far removed from my OWN upbringing that it was ME who didn't want to see it or was I apprehensive about THE WORLD [...]

The arrival of fall in the U.S. marks an annual turning point for radio listening. [...]

Global Music Rights Announces License Extension Deal with Radio Music License Committee  Attorney DAN PETROCELLI of O'MELVENY & MYERS, who represents GMR, offered the following statement:"Today, GMR has offered a license to all radio stations represented by the RMLC allowing the stations to play GMR's repertoire in exchange for specified license fees. This license extends through SEPTEMBER 30th, 2017 and gives everyone additional time to negotiate long-term licenses with GMR. GMR offered this license to the RMLC last month, but the RMLC refused it and, instead, chose to sue and seek an injunction. [...]

Saga Communications, Inc. announced today that on September 1, 2017 it closed on the previously announced sale of its television stations to the Evening Telegram Company d/b/a Morgan Murphy Media for an aggregate purchase price of approximately $66.6 million. 

Edward K. Christian, President and Chief Executive Officer of the Company said, "It's a bittersweet time as we complete the sale of our Joplin, MO and Victoria, TX television stations.  We've enjoyed owning the stations and they have been great contributors to our overall performance over the years.  With all the changes taking place in the television industry it became time to turn them over to a fine company that plans to continue to grow in the television segment. It has been a great experience for us to serve both communities with terrific television stations that focused heavily on the local markets.  Ultimately, we made a very difficult decision that it was time for us to return to our roots in radio."

The Company also announced that effective September 1, 2017, it completed the previously reported purchase of the assets of WCKN(FM), WMXZ(FM), WXST(FM), WAVF(FM), WSPO(AM), W261DG and W257BQ, serving the Charleston, SC radio market, and WVSC(FM), WLHH(FM), WOEZ(FM), W256CB and W293BZ, serving the Hilton Head, Bluffton and Beaufort, SC radio market, from Apex Media Corporation for approximately $23.0 million. 

Edward K. Christian, President and Chief Executive Officer of the Company, said, "We are pleased to be acquiring radio stations in the Charleston market and the Hilton Head, Bluffton and Beaufort market.  Both of these markets have recently been recognized as two of the South's best communities by Southern Living Magazine.  There are both heritage and developmental radio stations included in this acquisition.  We look forward to working with the existing staff to continue to serve these growing communities with great radio stations.  Saga intends to continue building its business in radio by continuing to identify and acquire radio stations in communities that we believe in."

The attached Selected Supplemental Financial Data tables disclose "actual" and "proforma" information. The "actual" amounts reflect our historical financial results and include the results of operations for stations that we owned. The "proforma" amounts assume all acquisitions and dispositions in 2016 and 2017 occurred as of January 1, 2016.

SoundExchange, the premier music tech organization powering the future of music, announced today that four-time GRAMMY Award-winning singer Marc Anthony has been awarded the...