FINANCIAL – Page 56 – RAMP – Radio and Music Pros

UMG Accelerates IPO Timeline

February 15, 2021February 16, 2021 kevincarter Universal Music Group

• Late last month RAMP reported that Tencent Holdings Limited had completed the acquisition of an additional 10% equity stake —

EXECUTIVE ACTION FINANCIAL FRONT PAGE TRANSACTIONS

7MM Buys, Sells, Swaps

February 5, 2021 kevincarter Seven Mountains Media

• Seven Mountains Media (7MM) just pulled off a complex, three-company, three-market acquisition, divestiture and swap involving Sound Communications and

EXECUTIVE ACTION FINANCIAL FRONT PAGE LABEL LOVE

Rhino Names New CFO

February 2, 2021 kevincarter Rhino, Warner Music Group

• Karen Schoenrock has been named Chief Financial Officer of Global Catalog, Recorded Music and Rhino Entertainment, the catalog division

EXECUTIVE ACTION FINANCIAL FRONT PAGE LABEL LOVE STREAMING TRANSACTIONS

Sony Music To Acquire Kobalt, AWAL

February 1, 2021February 1, 2021 kevincarter AWAL, Sony Music, The Orchard

• Sony Music Entertainment (SME) has entered into a definitive agreement with Kobalt Music Group Ltd. to acquire Kobalt’s recorded

BRANDING/MARKETING EXECUTIVE ACTION FINANCIAL FRONT PAGE LABEL LOVE TRANSACTIONS

Big Hit Gets Bigger

January 28, 2021January 28, 2021 kevincarter Big Hit Entertainment, BTS

• Big Hit Entertainment, the agency behind global superstars BTS, announced that it plans to invest 70 billion won ($63

EXECUTIVE ACTION FINANCIAL FRONT PAGE LEGAL TELEVISION

HBO Exec Joins Nexstar Board

January 27, 2021January 27, 2021 kevincarter Nexstar Media Group, WGN Radio

• Nexstar Media Group, Inc., which owns and operates a bunch of television stations, WGN America, Antenna TV, and WGN

CHARITY COUNTRY FINANCIAL FRONT PAGE

CMA To The Rescue Again

January 25, 2021 kevincarter CMA

• Furthering its support of music industry pros who have been adversely affected by the COVID-19 pandemic, the Country Music

EXECUTIVE ACTION FINANCIAL FRONT PAGE

Townsquare Buys Back 10 Million Shares

January 25, 2021January 25, 2021 kevincarter Townsquare Media

• Townsquare Media, Inc. has entered into an agreement to repurchase a minimum of 10 million of the 12.5 million

EXECUTIVE ACTION FINANCIAL FRONT PAGE

Alpha Media Restructures, Files Chapter 11

January 25, 2021January 25, 2021 kevincarter Alpha Media

• Alpha Media announced that it has entered into a restructuring agreement with certain of its lenders to reduce its

BRANDING/MARKETING FINANCIAL FRONT PAGE NEWS/TALK/SPORTS PROGRAMMING

Entercom Bets Big On Sports Gambling

January 25, 2021January 25, 2021 kevincarter BetQL, Entercom

• Entercom announced the launch of BetQL Audio Network, which will feature sports gambling programming heard across Entercom’s portfolio of