Westwood One has announced it has extended its barter representation and jingle production partnership with TM Studios.
Westwood One previously owned TM Studios from 2009 until selling it to company executives Greg Clancy, Dave Bethell, and Chris “UK” Stevens in November 2020.
Cumulus Media’s (NASDAQ: CMLS) Westwood One, the largest audio network in America, today announced a deal to extend its partnership with TM Studios, a worldwide supplier of audio branding and sung jingles.
Westwood One originally purchased TM Studios in 2009 and subsequently sold the company to former TM executives Greg Clancy, Dave Bethell, and Chris “UK” Stevens in November 2020.
Under the new agreement, Westwood One continues as TM’s exclusive domestic barter representation agent, and TM continues to supply Westwood One’s syndication partners, including many Cumulus radio stations,, with station jingles, commercial jingles, and production music. TM also acquires the additional assets of the Drake Chenault catalog and all intellectual property associated with TM’s former product lines HitDisc and GoldDisc.
“Westwood One is committed to partnering with companies that provide unique products and outstanding service, and TM fits that description perfectly.” said Suzanne Grimes, President, Westwood One. “By extending our relationship with TM, we are assured that radio stations around the country will be able to access the best-in-class offerings TM has been creating for more than fifty years.”
Greg Clancy, CEO and Co-owner of TM Studios added, “Westwood One has been like family to TM for over a decade. We are delighted to continue the growth of our business of creating world-class sonic branding for radio and tv stations, podcasters, advertisers and producers around the globe, while being represented for barter by the best in the business.”
This story first appeared on radioinsight.com