Executive Action: MediaCo-Style
• MediaCo Holding Inc., owner of WHQT (HOT 97) & WBLS/New York, and Fairway Outdoor made two executive announcements: Rahsan-Rahsan
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FINANCIAL
Ackman’s UMG Deal Includes Grandpa’s Hit
• Pershing Square Tontine Holdings, Ltd. (PSTH), a special purpose acquisition company (SPAC), run by hedge-fund billionaire Bill Ackman formally
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Reservoir Acquires Tommy Boy Music
• Independent music-rights company Reservoir has acquired legendary independent Hip-Hop and Electronic record label Tommy Boy Music. The deal comprises
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Lotus Buys Sinclair Out Of Radio
• Lotus Communications announced that it has entered into an agreement with Sinclair Broadcast Group, Inc.’s wholly-owned subsidiary, Sinclair Television
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WMG/Blavatnik Fund Announces New Recipients
• The Warner Music Group / Blavatnik Family Foundation Social Justice Fund (WMG/BFF SJF) announced its next set of grant
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Tribune Papers Sold To ‘Vulture Capitalist’
• Shareholders of Tribune Publishing Company and its storied newspapers, including The Baltimore Sun, the New York Daily News and
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Urban One Casino ONE Step Closer
• The casino advisory panel for the city of Richmond, VA has recommended Urban One Inc.’s $600 million ONE Casino
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Sebber Named CFO Of TuneCore
• Leading independent DIY digital music distributor TuneCore has named Becky Sebber as Chief Financial Officer, overseeing all financial operations
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UMG Names Parham Pres., Global E-Commerce
• Universal Music Group (UMG) announced the appointment of Richelle Parham as President of Global E-Commerce and Business Development, effective
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Post Malone Cuts Monster Deal
• Monster Energy announced a partnership with Republic Records’ recording artist, Post Malone, naming the 25-year-old Malone as its new
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