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Reclaiming Not Just Listening, But Listeners

In 2014, when Edison Research released its first Share of Ear survey results, broadcast radio controlled 52% of all time spent with audio among 13+ listeners. Within the industry, there might have been an expectation that the number would have been well higher in the past, but that number actually grew to 54% two years later .  […]

US

Cox Media Group Initiates Debt Exchange Offer

CMG Media Corporation (d/b/a Cox Media Group) (“CMG” or the “Company”) today announced that it has commenced an offer to exchange any and all of its outstanding 8.875% Senior Notes due 2027 (the “Old Notes”) for new 8.875% Second-Priority Senior Secured Notes due 2029 (the “New Notes”) to be issued by the Company (the “Exchange Offer”).
The Exchange Offer is being made to eligible holders upon the terms and conditions set forth in the Confidential Offering Memorandum and Consent Solicitation Statement (the “Confidential Offering Memorandum”) dated October 15, 2024. […]