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Why Radio Should Say Something Sooner

For a while, radio programmers weren’t supposed to care much about what happened on their radio station at the top of the hour, or attach any particular importance to it. Listeners, after all, could come aboard at any point during the hour; they weren’t all getting in their cars at 6:59 a.m. or 4:59 p.m. Even using the words “top of the hour” was an anachronism.  […]

US

iHeartMedia Enters Into Debt Extension Agreements; Confirms Cost Savings Programs

iHeartMedia announced this morning that it has entered into agreements with the lenders and holders of approximately 80% of the aggregate principal amount of its existing debt including 77% of the aggregate principal amount of its outstanding senior secured notes due 2026, 79% of the aggregate principal amount of its outstanding senior secured notes due 2027, 38% of the aggregate principal amount of its outstanding senior secured notes due 2028, 71% of the aggregate principal amount of its outstanding senior unsecured notes due 2027, and 92% of the aggregate principal amount of its outstanding term loans. […]