WMG Sells 75% Of Spotify Stock
• In its earnings call on Monday morning, Warner Music Group announced it has sold about 75% of its Spotify
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FINANCIAL
Court Approves Cumulus Reorganization
• Cumulus Media Inc. received some very good news on Tuesday — the United States Bankruptcy Court for the Southern
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ASCAP Breaks $1 Billion Barrier
• ASCAP, The American Society of Composers, Authors and Publishers announced record-high revenues and distributions in 2017. The organization, which
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Vivendi Planning UMG IPO?
• Vivendi has begun work on a “potential stock listing of Universal Music Group,” its largest asset, according to reports
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Steel City Media Files Chapter 11
• Steel City Media, which owns two radio stations in Pittsburgh and four in Kansas City becomes the latest broadcast
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Townsquare Buys WPST +2
• Townsquare Media, Inc. has entered into an agreement to acquire three radio stations in Trenton, NJ from Connoisseur Media,
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April 3 Is D-Day For Spotify
• Spotify announced will begin selling its stock directly to the people on April 3 in what is sure to
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iHeart Finally Files For Chapter 11
• After lengthy negotiations with its creditors and several extensions, iHeartMedia, quoting Variety, “bowed to the inevitable” late Wednesday evening
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Oak View Enjoy$ Ca$h Infu$ion
• Silver Lake has made a strategic investment in the Oak View Group (OVG), an entertainment and sports facilities company
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Forbearance + Five Days
• To the utter shock and surprise of… well, pretty much no one, iHeartMedia managed to squeeze another five days
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