FINANCIAL – Page 52 – RAMP – Radio and Music Pros

Helping Your Neighbor Is Good Karma

August 11, 2021August 11, 2021 kevincarter ESPN Cleveland, WKNR

• For the second year, Good Karma Brands’ WKNR (ESPN Cleveland) has teamed up with KeyBank and the Cleveland Cavaliers

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Vivendi Sells 7.1% Of UMG To Pershing Square

August 10, 2021August 10, 2021 kevincarter Pershing Square Holdings, UMG

• Vivendi, the parent company of Universal Music Group, has sold 7.1 percent of UMG’s share capital to Pershing Square

BRANDING/MARKETING FINANCIAL FRONT PAGE MILESTONES MORNING SHOWS PROGRAMMING RHYTHMIC STREAMING TRANSACTIONS

Fuhr Makes Sure KGAY Stays Gay

August 2, 2021August 2, 2021 kevincarter KGAY

• On Christmas Day 2018, radio veteran Brad Fuhr helped launch KGAY 106.5/Palm Springs, serving California’s Coachella Valley, home to

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Nexstar Names Gliha EVP/CFO

July 27, 2021July 27, 2021 kevincarter Nexstar Media Group

• Nexstar Media Group, Inc. announced that Lee Ann Gliha has been named Executive Vice President and Chief Financial Officer,

AC EXECUTIVE ACTION FINANCIAL FRONT PAGE LEGAL TOP 40 TRIPLE A

Justice Served On Embezzling GM

July 25, 2021July 26, 2021 kevincarter Long Island Radio Broadcasting, WEHM

• In a follow-up to a story RAMP reported last November, Stephanie McNamara Bitis, the former GM of Long Island

EXECUTIVE ACTION FINANCIAL FRONT PAGE MILESTONES SALES

Presidential Change At Cox Communications

July 20, 2021July 20, 2021 kevincarter Cox Communications

• Cox Communications Inc. President & CEO Patrick J. Esser will retire, effective December 31, 2021 after leading the company

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Executive Action, BMI-Style

July 20, 2021July 20, 2021 kevincarter BMI

• Broadcast Music, Inc. (BMI) announced two key promotions within the company’s Distribution, Publisher Relations & Administration Services department: Shouvik

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Emmis Shutting Off WFNI-AM/Indy

July 19, 2021 kevincarter Emmis

• Emmis Communications, which owns WFNI-AM 1070/Indianapolis (currently the HQ of ESPN affiliate The Fan), announced that it has closed

EXECUTIVE ACTION FINANCIAL FREE AGENT LABEL LOVE TRANSACTIONS

Ackman Alters His UMG Strategy

July 19, 2021July 20, 2021 kevincarter Pershing Square Tontine, UMG

• In early June we first reported that Pershing Square Tontine Holdings, Ltd. (PSTH), a special purpose acquisition company (SPAC),

EXECUTIVE ACTION FINANCIAL FRONT PAGE MILESTONES

Alpha Media Starts New Chapter After 11

July 15, 2021July 15, 2021 kevincarter Alpha Media

• Alpha Media announced that it successfully completed its financial restructuring and emerged from Chapter 11 with a significantly improved