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Industry News

Univision Radio: A Q2 Revenue Jump, With A Big Impairment Charge

Radio+Television Business Report
3 years 9 months ago

While not a publicly traded company, Univision Communications has long been transparent in sharing its quarterly earnings results with the public. On Thursday (8/12), the nation’s largest Hispanic-focused media organization did just that.

How did Univision do in Q2? The “Media Networks,” housing its visual media offerings including Univision’s television assets, enjoyed a revenue rebound that single-handedly swung the company from a net loss to net income.

And, despite a big year-over-year revenue jump, Univision Radio‘s net loss widened from the COVID-19 impacted Q2 2020. It is due to a sizable impairment loss.

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Adam Jacobson

WUFT-TV/FM Account Executive

Radio+Television Business Report
3 years 9 months ago

Florida – The Opportunity

Help build one of America’s best public media operations at the University of Florida and the UF College of Journalism and Communications. WUFT-TV/FM, WUFT Classic and GHQ make up part of the University of Florida’s Division of Media Properties and the foundation on which the College of Journalism and Communications prepares the next generation of journalists and media professionals. WUFT-TV/FM is looking for the next underwriting/sales superstar to join our team and to help provide the revenue and fuel that makes this engine go! The ideal candidate has experience in selling underwriting to businesses in support of public media and wants to work at an incredible institution like the University of Florida.

Specific Duties Include:

Sell underwriting to clients both directly and through advertising agencies. This includes typical outside sales duties such as regularly making new business calls, conducting Customer Needs Analysis, presenting revenue-generating ideas and providing customized solutions that will get results for clients.
Write proposals that include research of customers’ products as well as use of relevant proprietary research supplied by the companies.
Conduct daily plan activities to achieve budget goals. This includes organized activity that is mandated by management (such as attending weekly meetings, updating account lists, annual account-by-account budget plans and providing plans/summaries of activities) as well as self-imposed planning which includes setting appointments and lead generation.
Complete required paperwork to ensure the entire sales process is conducted in a fluid manner. This includes traffic orders, new business account worksheets, production order request forms along with all other communication-related materials.
Provide excellent customer service to all underwriting/advertising clients.
Talk with potential businesses and personal donors to pursue donations and pledge challenges for WUFT Pledge Drives.
Assist membership in donation strategies, securing volunteers for pledge drives, work in concert with Ambassador volunteer group to secure donations, and assist during pledge drives as needed.

The College of Journalism and Communications (www.jou.ufl.edu) offers bachelor’s, master’s and doctoral degrees and certificates, both online and on campus. CJC students have the opportunity to gain practical experience in the Innovation News Center, which generates content across multiple platforms, and The Agency, an integrated strategic communication and consumer research agency focused on marketing to young adults. The College includes seven broadcast and digital media properties, the Joseph L. Brechner Center for Freedom of Information and the nation’s only STEM Translational Communication Center and Center for Public Interest Communications.

Our Commitment to Diversity, Equity, and Inclusion

The UF College of Journalism and Communications and WUFT/WRUF is committed to creating an inclusive environment and is proud to be an equal opportunity employer. We attribute our success to a work force that embraces the contributions of people of all backgrounds and ability levels.

The City of Gainesville

Gainesville (http://cityofgainesville.org) is home to Florida’s largest and oldest university, and so is one of the state’s centers of education, medicine, cultural events and athletics. The University of Florida and UF Health Shands Hospital are the leading employers in Gainesville and provide jobs for many residents of surrounding counties. Gainesville is also the largest city in Alachua County and is the county seat, with approximately 269,000 residents county-wide. It serves as the cultural, educational and commercial center for the north central Florida region. The city provides a full range of municipal services, including cultural and nature services and necessary administrative services to support these activities. Additionally, the city owns a regional transit system, a regional airport, and a 72-par championship golf course. Known for its preservation of historic buildings and the beauty of its natural surroundings, Gainesville’s numerous parks, museums and lakes provide entertainment to thousands of visitors. Because of its beautiful landscape and urban “forest,” Gainesville is one of the most attractive cities in Florida. The city is in a central location to both the Gulf of Mexico and the Atlantic Ocean, providing easy access within a day’s drive to beaches, nature preserves, and water-based activities. Explore Gainesville in 60 Seconds.

EXPECTED SALARY:

$45,000 – $48,000; base salary plus commission, commensurate with qualifications and experience.

MINIMUM REQUIREMENTS:

A high school diploma and four years of appropriate sales/marketing experience. Appropriate college coursework or vocational/technical training may substitute at an equivalent rate for the required experience.

PREFERRED QUALIFICATIONS:

College degree in a related field such as advertising, marketing, journalism or business and a proven track record of sales success with public media.
The candidate must be able to work under pressure in a deadline-intense environment and be self-motivated, outgoing, creative, determined to succeed, committed to excellence and able to problem-solve quickly and efficiently.
Solid analytical skills and proficiency at using the telephone, writing, reading comprehension and basic math skills and capabilities are essential.
The ability to utilize the Microsoft suite of products and to learn proprietary software is also required.

SPECIAL INSTRUCTIONS TO APPLICANTS:

In order to be considered, you must upload your cover letter and resume.

This position is eligible for veteran’s preference. If you are claiming veteran’s preference, please upload a copy of your DD 214 Member Copy 4 with your application for consideration. See our Veteran’s Preference Page for more specific information.

Application must be submitted by 11:55 p.m. (ET) of the posting end date.

Applications must be submitted online via https://explore.jobs.ufl.edu/en-us/job/517648/wufttvfm-account-executive .

The University of Florida is committed to non-discrimination with respect to race, creed, color, religion, age, disability, sex, sexual orientation, gender identity and expression, marital status, national origin, political opinions or affiliations, genetic information and veteran status in all aspects of employment including recruitment, hiring, promotions, transfers, discipline, terminations, wage and salary administration, benefits, and training.

RBR-TVBR

With No Official Comment, Cumulus CEO Issues Vaccine Mandate

Radio+Television Business Report
3 years 9 months ago

By Ed Ryan and Adam Jacobson
Streamline Publishing

Cumulus Media isn’t commenting publicly, but its CEO on Wednesday (8/11) — in a video message sent to all employees — declared that combating the Delta variant of the COVID-19 virus means anyone who works for the audio content and distribution company “must be fully vaccinated” by the official return-to-office date of October 11.

News of the internal communiqué was first made known publicly by radio industry blog RadioInsight.com. Further details were gathered by both RBR+TVBR and Radio Ink on Wednesday evening and Thursday morning.

In the video, Berner said, “All employees, except for those few who are already designated permanent remote like our traffic organization, must be fully vaccinated by our grand reopening date.”

The mandate is the first for a radio broadcasting company, and it includes the entire Cumulus market-by-market sales force and each of the Cumulus Media corporate employees in its New York and Atlanta offices.

Further, it is believed but not confirmed that all Westwood One employees are impacted by the vaccination order from the C-Suite.

“The company is not commenting,” a Cumulus spokesperson told RBR+TVBR Tuesday evening.

“There will be no exceptions unless it’s mandated by law,” Berner added, noting that the vast majority of Cumulus employees were already vaccinated. “If you are someone who has not made that choice, it is for your own protection.”

In its 10Q SEC filing made along with its second quarter 2021 earnings, Cumulus stated, “Since March 2020, most of our employees have been working from home, with only certain essential employees working on site at our radio stations. Beginning in the third quarter of 2021, a majority of our employees will be returning to our stations or offices. For all employees returning to work, we have instituted COVID-19 protocols, increased the level of cleaning and sanitizing in the offices and radio stations and undertaken other actions to make these offices and stations safer for our employees.”

Now, it is clearly going one step further.  Issues tied to existing employee protection initiatives, Cumulus stresses, are not fueling the vaccination mandate.

“We are generally following the requirements and protocols published by the U.S. Centers for Disease Control and state and local governments and will continue to monitor the latest public health and government guidance related to COVID-19,” Cumulus said. “As of the date of this filing, we do not believe these safety protocols, including the remote working environment, have adversely impacted our internal controls, financial reporting systems or our operations.”

Thousands of employees are impacted, as Cumulus Media owns and/or operates 413 stations across 86 markets. Then, there is Westwood One, which offers national programming ranging from 24/7 formats, syndicated music programming, a bevy of sports talk and play-by-play coverage, and daily and weekly Talk shows.

The hosts of those shows include Dan Bongino, viewed by many as the true heir to the late Rush Limbaugh‘s conservative talk radio throne. Westwood One’s syndicated talk shows also include The Ben Shapiro Show, The Mark Levin Show, The Michael Knowles Show and The Bob & Tom Show, largely tied to Classic Rock stations thanks to its many years based at WFBQ/Indianapolis.

With Cumulus not commenting, how these hosts would be impacted by the vaccination mandate — if at all — is unclear; with home studios and auxiliary facilities more common, the hosts and other air talent may not be impacted.

That said, thousands of Cumulus employees are impacted.

As of December 31, 2019, Cumulus employed 4,732 people, 3,139 of whom were employed full-time, the company said in its SEC 10-K filing earlier this year. Of these employees, approximately 170 employees were covered by collective bargaining agreements.

“We consider our relations with our employees to be positive,” Cumulus said.

Could that have changed on Wednesday, with a potential rebellion in at least one market possible from the mandate from the corporate office? There’s also chatter that the vaccination mandate is also a way for Cumulus to further trim its employee roster as it continues to seek ways to deleverage.

While that’s simply gossip and internet chatter, one thing is clear: Cumulus has taken a step not replicated at its peers.

Audacy is mandating that all new employees receive a COVID-19 vaccine but has refrained from requiring its current employees from getting it or risk losing their job.

A Townsquare Media executive tells Streamline Publishing that the company has “encouraged our team to get vaccinated given the benefits and protection it provides from COVID-19. We have provided [Paid Time Off] to allow the time to get vaccinated. But, we have not mandated it as a condition of employment.”

Meanwhile, the industry’s largest audio media company, iHeartMedia, has not issued any statement regarding the COVID-19 vaccine and its employees.

The Cumulus announcement comes as NBCUniversal on Wednesday issued its own internal memorandum to staff, alerting them that it has delayed its return-to-office date until October 18 “at the earliest.”

According to TVNewser, an opening after the Jewish New Year on September 6 was planned. Until then, fully vaccinated employees can return to the office on a voluntary basis.

CNN last week offered a similar announcement, stating that its reopen date of Sept. 7 was now delayed to mid-October, TVNewser reports. The network, similar to NBCUniversal, has a vaccination advisory in place for anyone who wishes to work from the office. Three individuals who were not vaccinated and worked from CNN facilities were fired for not adhering to the advisory.

Adam Jacobson

Talk Hard: The Future of Radio Is Social Audio

Radio World
3 years 9 months ago
Ryan Star

The author of this commentary is co-founder and CEO of the social audio company Stationhead.

As the social audio phenomenon continues to evolve, traditional radio managers need to recognize that social audio isn’t just another social media format, or another way to stream audio content — it’s simply the future of radio.

The industry’s legacy players are becoming obsolete as new platforms seek to democratize the space for creatives and artists. Gone are the days of program directors playing the hits. It is now time for artists, creatives and fans to break the hits and take control of the airways.

[Read More Guest Commentaries Here]

To date, traditional radio has been monodirectional and controlled by gatekeepers — but in the new world of social audio, revolutionary new platforms are allowing anyone and everyone to become a radio DJ or talk show host and be their own program manager. Creativity and control are now in the hands of the artists and fans who now have the resources and access needed to someday become the next Joe Rogan or Howard Stern.

 

Authentic Connection

If we have learned anything this past year, it is that the desire to connect has never been higher.

Our eyes are exhausted from Zoom meetings and scrolling through our phones. People are turning off screens and engaging in different ways: through their voice and the music they love. Audio has become a first-class medium, much like video did a decade ago.

Through the renaissance of audio, audiences and creators are realizing the power of their actual voice and the ability to connect to others without a “filtered” version of themselves. When people connect over audio, it’s completely authentic and without the pretensions that dominate every other social platform.

Fans are taking back the airwaves and changing the way we celebrate our favorite artists.

The technology of social audio democratizes radio so everyone can win. It creates a level playing field where the audience and creators can share content they’re passionate about in real time.

For example, in May 2021 more than 400,000 fans came together on Stationhead for a live streaming party for K-pop supergroup BTS’ new single “Butter,” which has been at the top of the Billboard charts since its release. Most bands or musicians would have to go on a three-year world tour to reach a comparable audience to the fans that showed up for that same event digitally.

Since then, we have seen thousands of fan-driven radio stations launch to celebrate their favorite artists and build community around the music.

 

Radio Managers, Listen up

In looking at other industries that have recently undergone similar cycles of digital innovation, we can see how the present disruption in audio will ultimately give power back to consumers who are ready for change.

A recent example beyond media of how technology has helped put power back in the hands of the consumer is the rise of ride sharing apps. Social audio is to licensed broadcasters what Uber has become to taxi drivers in New York City who were beholden to an outdated and unfair “medallion” system. Social audio — and especially the creators within the space — has given the entire ecosystem the freedom to make the choices that are right for their audiences and personal brands.

Within this period of change, there is opportunity for existing broadcasters large and small to meet a new generation of listeners where they’re ready to engage.

Radio managers today need to jump on board and consider their audience’s evolving format preferences or risk losing a generation of listeners and talent.

The emotional connection between an audience and the creators they follow is intimate and powerful, and is amplified when the audience is a part of the show itself. Much like the new generation of video stars born from YouTube and TikTok, the future of audio is starting today on these revolutionary new platforms.

Comment on this or any story. Email mailto:radioworld@futurenet.com.

The post Talk Hard: The Future of Radio Is Social Audio appeared first on Radio World.

Ryan Star

SYR Settles on AEQ

Radio World
3 years 9 months ago

Sajonisi Youth Radio, a regional community radio station in Port St John, South Africa, has selected an AEQ Forum digital console for its new Radio Sajonisi studio.

[See Our Who’s Buying What Page]

The Forum is a modular on-air console. The 12-fader unit at SYR is in the studio with the host and guests, though controlled by a board op.

Submit announcements for Who’s Buying What to radioworld@futurenet.com.

 

The post SYR Settles on AEQ appeared first on Radio World.

RW Staff

WFAA Planning Studio Move

Radio+Television Business Report
3 years 9 months ago

TEGNA-owned ABC affiliate WFAA-8 in Dallas is readying a move in 2022 from its streetside studio in the Plaza Towers building at Victory Park.

The facility, which dates to 2007, also houses a group of stations owned by one of the biggest radio broadcasting companies in the U.S.

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Adam Jacobson

Hubbard Selects LaVelle To Lead KAAL

Radio+Television Business Report
3 years 9 months ago

Since June 2016, she’s served as the News Director for The E.W. Scripps Co.-owned ABC affiliate serving Detroit.

As of today, she’s now in charge of a Hubbard Broadcasting-owned ABC affiliate in Rochester, Minn.

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Adam Jacobson

HC2 In Q2: A New Way To Innovate For Diversified Operation

Radio+Television Business Report
3 years 9 months ago

HC2 Holdings, which amassed a sizable portfolio of low-power TV stations under former head Philip Falcone, has just shed the last vestiges of that era.

As of last week, it has a new name: Innovate Corp. The news arrived along with the company’s Q2 earnings report.

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Adam Jacobson

Taylor Takes Over at APMG

Radio World
3 years 9 months ago
Photo: Sarah Pierce Photography

Former Star Tribune Media Chair Jean Taylor has been named President and Chief Executive Officer of the American Public Media Group, its board has announced.

Taylor will start on Aug. 23. She succeeds Jon McTaggart. A seven-month search was conducted to fill the position.

[Read: APM Picks Riddle]

APMG Board Vice Chair Mary Brainerd said, “She is someone who leads with her values, who cares deeply about the role of public media and its importance … Her deep roots in our region, her experience in media and digital technologies and her understanding of APMG are important assets for our future.”

According to an announcement, during her tenure as Chair, Star Tribune was lauded and seen as a leader in the industry for its commitment to high-quality public service journalism, its digital subscription growth, and its strong financial results. Taylor was also President and CEO of Taylor Corporation from 2001 to 2010.

The American Public Media Group includes, Minnesota Public Radio, Southern California Public Radio and program producer American Public Media.

 

 

The post Taylor Takes Over at APMG appeared first on Radio World.

RW Staff

NABOB Goes Opposite Radio Show With Hybrid Conference

Radio+Television Business Report
3 years 9 months ago

What do the NAB and the National Association of Black Owned Broadcasters have in common?

NABOB will host its 45th Annual Fall Broadcast Conference and 21st Power of Urban Radio Forum in October, at a casino hotel and resort with ample meeting space.

There’s one key difference, however, for the NABOB affair: a hybrid option is in place.

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RBR-TVBR

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