UMG Rejects Pershing Square Takeover Bid
• The Board of Directors of Universal Music Group announced that it has unanimously rejected the unsolicited and non-binding proposal
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FINANCIAL
NPR Restructuring: Layoffs & Buyouts
• NPR announced it is restructuring its newsroom, which will include eliminating some reporting and editing jobs, as it attempts
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AP Restructuring Eliminates 20 Journalists
• The Associated Press laid off 20 U.S.-based journalists on Friday, the union representing them said, part of a restructuring
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Bonneville Bay Area Sale To Connoisseur Closed
• It’s a done deal — the sale of KBLX-FM/Berkeley, KMVQ-FM & KOIT-FM/San Francisco, and KUFX-FM/San Jose, CA from Bonneville
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Connoisseur Sells S. Dakota Group To Riverfront
• Connoisseur Media continues its plan to refine its portfolio and strengthen its presence in priority markets with the announcement
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Cumulus ATL Sells 97.9, Realigns Frequencies
• Cumulus Media Atlanta formally announced the pending sale of its 97.9 FM translator (W250BC), along with a series of
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Townsquare Inks Digital Deal With Broadway Media
• Townsquare Media, Inc. announced a strategic digital advertising partnership with Salt Lake City-based Broadway Media, which has seven radio
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Urban One Buying KKDA & KRNB/Dallas-Ft. Worth
• Urban One has entered into an agreement to acquire Service Broadcasting Group, LLC, including its flagship radio stations —
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Curtis Expands Via Capitol Broadcasting
• Curtis Media Group is expanding further in its home state of North Carolina… specifically, the Wilmington, NC market with
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Cumulus + Media Audit + TOMA.Solutions
• Cumulus Media is accelerating its commitment to data-driven sales by partnering with The Media Audit and TOMA.Solutions. The move
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