FCC approves controversial Audacy bankruptcy deal

Audacy to go private  The FCC approved a controversial Audacy bankruptcy plan in a politically divided three-to-two vote in which Soros Fund Management becomes the biggest shareholder in the company with a 57 percent stake through the Laurel Tree Opportunities Corporation.  As a result, Audacy – who filed for Chapter 11 bankruptcy last year, will go private and David Field […]

Chicago radio ratings: The Drive motors up to record high ratings

WDRV-FM opens up a nearly two-point share lead on WBBM-AM/WCFS-FM In the May survey, Hubbard’s Classic Rock station The Drive (WDRV-FM) scored their first-ever ratings victory in their 21-year history, dislodging Adult R&B V103 (WVAZ-FM) as Chicago’s top-rated music station. Not only they repeated the feat again in June, they expanded their lead over their competitors.  The Drive topped the […]

The Media Notepad: Entercom launches new sports gambling station “The Bet”

Also: Dan Bongino takes Rush’s place; ET makes history; Fox Sports Net name change set Hey remember HD Radio? No? Well believe it or not, it’s still around and here’s your reminder: On Monday, Entercom’s WCFS-FM became 105.9 The Bet, a format devoted to sports gambling.  However, it’s not on WCFS-FM’s main frequency, where a simulcast of Newsradio 780 continues. […]