SiriusXM Closing In On Howard Renewal
• It certainly appears that SiriusXM’s long-running negotiations to re-up its marquee star Howard Stern are close to paying off
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FINANCIAL
Nexstar Digital & Nexstar Broadcasting Merging
• Nexstar Media Group, Inc. announced that, effective November 1, 2020 it will combine its two primary operating subsidiaries, merging
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Senate Bill Aims To Help Radio, TV Broadcasters
• On Tuesday, Senator Ben Cardin (D-MD.), the Ranking Member of the U.S. Senate Committee on Small Business & Entrepreneurship,
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UMG Looking At 2022 IPO
• Vivendi, the parent company of Universal Music Group confirmed longstanding rumors that it plans to take UMG public in
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Stitcher Sale To SiriusXM Done
• The E.W. Scripps Company has formally closed on its sale of Stitcher to SiriusXM for $325 million. At the
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BTS Making A Nice Living
• Shares of Big Hit Entertainment, the agency behind K-Pop superstars BTS, soared during their stock market debut on Thursday
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Jerry Moss: Always A Music Man
• Amid a pandemic that has crippled so many arts organizations, A&M Records co-Founder Jerry Moss and his wife, Tina,
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BMG Takes Giant Step For Songwriters
• BMG announced that it’s eliminating a longstanding U.S. record label deduction which serves to reduce the income of songwriters,
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Howard Nearing $120 Mil Renewal?
• Bloomberg reports that Howard Stern is closing in on a mega-contract renewal with SiriusXM Holdings Inc. that would boost
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Borchettas Awarding $150K In Grants
• Fifteen years ago, Scott Borchetta opened the doors of a small office on Music Row for a start-up label
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