US

Liberty Media Sells Its Stake In iHeartMedia

After becoming the largest single shareholder of iHeartMedia following its 2018 bankruptcy restructuring, Liberty Media has sold its stake in the company. In an SEC filing dated October 5, Liberty revealed it has sold its remaining stake of 5,941,248 shares at an average price of $25.25 per share netting the company $150,016,512. Liberty had previously […] […]

US

Final Listen: KITS (Alt 105.3) San Francisco

Even when Top 40 was beginning its rebound in the mid-‘90s, ending the 1993-95 period when the format looked like it could truly become extinct, there were stations still changing format to something else, and group heads saying that the traditional “all-the-hits” model of Top 40 would never exist again. Musically, I feel cautiously optimistic […] […]