A large acquisition was announced on Thursday as Townsquare Media has reportedly agreed to purchase 35 radio stations owned by Cherry Creek Broadcasting in nine markets.
According to the Radio and Television Business Report the deal is worth $18.75 million. Once the deal is finalized, Townsquare will have 356 local radio stations in 74 local markets.
Included in the deal, at least five news/talk brands in four states. Wenatchee, WA (KPQ & KKWN); Williston, ND (KEYZ); Butte, MT (KXTL); and Tri-Cities, WA (KONA).
“The dedication and effort our local teams have shown in serving their communities, listeners and advertisers has been instrumental to our success and foundational to our mission,” Jonathan Brewster, CEO of Cherry Creek said in a statement.
FCC ownership limitations will force Townsquare to divest six radio stations in Missoula and place two radio stations in Tri-Cities, WA in a divestiture trust.
“This transaction solidifies Townsquare’s position as the only local media and digital marketing solutions company of scale focused principally on markets outside the Top 50 in the United States,” Townsquare Chief Executive Officer Bill Wilson said.
The DJV Show Wins Gracie Award
hese awards honor the most accomplished women in television, radio, and digital media with a presentation at the Beverly Wilshire Hotel in Los Angeles on May 24th.
The Alliance for Women in Media Foundation has announced the 47th Annual Gracie Awards winners, including the radio talk show, The DJV Show, hosted by Doug Stephan and Co-Hosts Jennifer Horn and Victoria Keelan, along with Jai Kershner presenting the What’s Trending Report.
These awards honor the most accomplished women in television, radio, and digital media with a presentation at the Beverly Wilshire Hotel in Los Angeles on May 24th.
“The DJV Show is customizable by daypart to fit any station’s needs. Stations can localize the show by including their own content at designated points throughout each hour,” the statement said, which Barrett News Media obtained.
“It can also be tailored to fit multiple formats, including talk, adult contemporary, classic hits, hot AC, oldies, and more. The Gracies honor the outstanding talent, such as The DJV Show, and content in radio, television, and digital media made by, for, and about women.”
The “DJV Show” is a morning talk-radio show that airs live Monday through Friday from 5 am until 9 am, featuring a fast-paced layout covering various topics. Furthermore, the program has over 325 affiliates nationwide.
Federal Judge Throws Out Lawsuit by a Former NPR Employee
Zandile Mkwanazi’s suit alleged he was subject to discrimination based on his race and a hostile work environment.
A federal judge has thrown out a lawsuit brought by a former NPR network operation technician who alleged that he faced racial discrimination and unfair treatment while employed at the network.
According to Inside Radio, Zandile Mkwanazi’s suit alleged he was subject to discrimination based on his race and a hostile work environment. His suit alleged that he was subject to discrimination based on his race and a hostile work environment.
Mkwanazi was fired in October 2019. He sought back pay and damages from NPR and a court order blocking the network from taking any retaliatory actions against him with future employers.
The lawsuit said, Mkwanazi’s supervisor, who was white, introduced him to coworkers as “a new boy working for us” and repeatedly used the term “boy.” Mkwanazi said he found the term racially offensive even though his supervisor referred to all employees as “boys.”
“The parties participated in mediation, and they have reached a resolution in principle,” attorneys said in a statement. Mkwanazi was seeking unspecified damages for lost wages as well as compensatory and punitive damages.
Dave Ramsey Documentary Wins 2022 Webby Award
“Borrowed Future: How Student Loans Are Killing the American Dream” will be honored during the 2022 Annual Webby Awards.
A web documentary produced by nationally syndicated radio personality Dave Ramsey has earned recognition from the International Academy of Digital Arts and Sciences (IADAS).
According to Inside Radio, “Borrowed Future: How Student Loans Are Killing the American Dream” will be honored during the 2022 Annual Webby Awards. The event will take place at the 26th Annual Webby Awards on May 16 in New York.
“There’s no doubt we stirred up a holy ruckus with this documentary, and I’m so proud of the team that put it together,” Ramsey said in a statement.
“The student loan industry is downright evil. We definitely can’t bank on student loan forgiveness, and it’s about time America said, ‘I’ve had it!’”
“Borrowed Future” is Directed by David DiCicco. The story follows college graduates who owe between $9,000 and $1 million in student loans, a college graduate who paid cash for college, and a group of high schoolers who haven’t made their choice yet.
For weeks, the film held top spots on multiple streaming platform charts: No. 1 documentary on Google Play, No. 2 documentary on Apple TV, and No. 5 documentary (rent or buy category) on Amazon Prime Video.
“This documentary has set the standard for innovation and creativity on the Internet,” Claire Graves, Executive Director of The Webby Awards. “This award is a testament to the skill, ingenuity, and vision of its creators.”