Audacy, Inc.
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Audacy, Inc.
Audacy, Inc. is an American broadcasting company based in Philadelphia, Pennsylvania. Founded in 1968 as Entercom Communications Corporation, it is the second largest radio company in the United States, owning 235 radio stations across 48 media markets. In November 2017, the company merged with CBS Radio. The transaction was structured as an exchange offer whereby owners of CBS Corporation common shares (i.e., not the multiple-voting shares held by National Amusements) at the time of the merger could elect to exchange their shares for Entercom shares corresponding to a 72% stake in the combined company. It is not clear how many CBS shareholders retained these Audacy shares, and the present-day Paramount Global has never held any ownership in the company. History Final logo used under the Entercom brand Joseph M. Field founded the company as Entertainment Communications (which would later be shortened to Entercom) on October 21, 1968, on the conviction that FM broadcasting, the ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Media Market
A media market, broadcast market, media region, designated market area (DMA), television market area, or simply market is a region where the population can receive the same (or similar) television and radio station offerings, and may also include other types of media such as newspapers and internet content. They can coincide or overlap with one or more metropolitan areas, though rural regions with few significant population centers can also be designated as markets. Conversely, very large metropolitan areas can sometimes be subdivided into multiple segments. Market regions may overlap, meaning that people residing on the edge of one media market may be able to receive content from other nearby markets. They are widely used in audience measurements, which are compiled in the United States by Nielsen Media Research. Nielsen measures both television and radio audiences since its acquisition of Arbitron, which was completed in September 2013. Markets are identified by the largest ...
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Kansas City, Missouri
Kansas City (abbreviated KC or KCMO) is the largest city in Missouri by population and area. As of the 2020 census, the city had a population of 508,090 in 2020, making it the 36th most-populous city in the United States. It is the central city of the Kansas City metropolitan area, which straddles the Missouri–Kansas state line and has a population of 2,392,035. Most of the city lies within Jackson County, with portions spilling into Clay, Cass, and Platte counties. Kansas City was founded in the 1830s as a port on the Missouri River at its confluence with the Kansas River coming in from the west. On June 1, 1850, the town of Kansas was incorporated; shortly after came the establishment of the Kansas Territory. Confusion between the two ensued, and the name Kansas City was assigned to distinguish them soon after. Sitting on Missouri's western boundary with Kansas, with Downtown near the confluence of the Kansas and Missouri Rivers, the city encompasses about , making ...
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Sinclair Broadcast Group
Sinclair Broadcast Group, Inc. (SBG) is a publicly traded American telecommunications conglomerate that is controlled by the descendants of company founder Julian Sinclair Smith. Headquartered in the Baltimore suburb of Cockeysville, Maryland, the company is the second-largest television station operator in the United States by number of stations (after Nexstar Media Group), owning or operating a total of 193 stations across the country in over 100 markets (covering 40% of American households), many of which are located in the South and Midwest, and is the largest owner of stations affiliated with Fox, NBC, CBS, ABC, MyNetworkTV, and The CW. Sinclair also owns four digital multicast networks (Comet, Charge!, Stadium, and TBD), sports-oriented cable networks (Tennis Channel and Bally Sports Regional Networks), and a streaming service (Stirr). On June 2, 2021, it was announced that Sinclair is a ''Fortune'' 500 company, having annual revenues of $5.9 billion in 2020. A 2 ...
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Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ...
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KNRK
KNRK (94.7 FM) is a commercial radio station licensed to Camas, Washington, serving the Portland metropolitan area. It is owned by Audacy, Inc. and airs an alternative rock radio format. KNRK's studios and offices are located on SW Bancroft Street in Downtown Portland. while the station transmitter is located off SW Fairmont Court in Portland. Programming The station played mostly alternative rock tracks from 2004 until 2020 when it expanded its format to include alternative-leaning pop, R&B, and hip-hop. By 2022, the station had shifted back toward strictly alternative rock. History On November 1, 1992 KMUZ-FM signed on the air. It was owned by Pacific Northwest Broadcasting, along with KMUZ (now KRYN). The station aired the Bonneville Beautiful Music format. It was powered at 3,200 watts on the 223-foot PGE tower on Mt. Scott in SE Portland, so it only could be heard from north to south, from Battleground to Wilsonville, and from Forest Grove to Troutdale. On March 6, 1995 ...
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KFXX (AM)
KFXX (1080 kHz "1080 The FAN") is a commercial AM radio station in Portland, Oregon. It is owned by Audacy, Inc. and runs a sports radio format. The studios and offices are on SW Bancroft Street in Portland. KFXX is one of four sports stations in the Portland radio market, the others being co-owned KMTT, KPOJ (owned by iHeartMedia) and KXTG (owned by Alpha Media). Signal The transmitter site is on NE Marine Drive in the northeast side of Portland along the Columbia River. KFXX is a Class B radio station. By day, it runs the maximum power for commercial AM stations in the U.S., 50,000 watts, audible around much of northwest Oregon and southwest Washington. At night, because AM 1080 is a clear channel frequency, KFXX must reduce power to 9,000 watts, so it does not interfere with co-owned KRLD in Dallas and WTIC in Hartford, the two dominant Class A stations on the frequency. KFXX uses a directional antenna at all times. Programming KFXX is a network affiliate of ESPN R ...
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KGON
KGON (92.3 FM) is a commercial radio station in Portland, Oregon. The station airs a classic rock radio format and is owned by Audacy, Inc. KGON broadcasts in the HD Radio format. Its HD2 subchannel carries a Blues format, known as "Waterfront Blues Radio." KGON's offices and studios are located south of Downtown Portland on Bancroft Street. The transmitter site is in the city's Southwest Hills district, off SW Seymour Street. KGON has an effective radiated power (ERP) of 97,000 watts (100,000 watts with beam tilt), which covers much of Northwestern Oregon and Southwestern Washington. Programming KGON competes with iHeartMedia-owned KFBW. While KFBW plays mostly rock from the 1980s, 1990s and a few 2000s titles, KGON goes back as far as The Beatles for some selections and rarely plays titles later than 1990. At 10 p.m. on weeknights, KGON carries "The Mens Room," a syndicated hot talk show from co-owned KISW in Seattle. The rest of KGON's weekday schedule is made up of loca ...
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Federal Communications Commission
The Federal Communications Commission (FCC) is an independent agency of the United States federal government that regulates communications by radio, television, wire, satellite, and cable across the United States. The FCC maintains jurisdiction over the areas of broadband access, fair competition, radio frequency use, media responsibility, public safety, and homeland security. The FCC was formed by the Communications Act of 1934 to replace the radio regulation functions of the Federal Radio Commission. The FCC took over wire communication regulation from the Interstate Commerce Commission. The FCC's mandated jurisdiction covers the 50 states, the District of Columbia, and the territories of the United States. The FCC also provides varied degrees of cooperation, oversight, and leadership for similar communications bodies in other countries of North America. The FCC is funded entirely by regulatory fees. It has an estimated fiscal-2022 budget of US $388 million. It has 1,482 ...
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FM Broadcasting
FM broadcasting is a method of radio broadcasting using frequency modulation (FM). Invented in 1933 by American engineer Edwin Armstrong, wide-band FM is used worldwide to provide high fidelity sound over broadcast radio. FM broadcasting is capable of higher fidelity—that is, more accurate reproduction of the original program sound—than other broadcasting technologies, such as AM broadcasting. It is also less susceptible to common forms of interference, reducing static and popping sounds often heard on AM. Therefore, FM is used for most broadcasts of music or general audio (in the audio spectrum). FM radio stations use the very high frequency range of radio frequencies. Broadcast bands Throughout the world, the FM broadcast band falls within the VHF part of the radio spectrum. Usually 87.5 to 108.0 MHz is used, or some portion thereof, with few exceptions: * In the former Soviet republics, and some former Eastern Bloc countries, the older 65.8–74 MHz band ...
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Paramount Global
Paramount Global (doing business as Paramount) is an American multinational mass media and entertainment conglomerate owned and operated by National Amusements (79.4%) and headquartered at One Astor Plaza in Midtown Manhattan, New York. It was formed on December 4, 2019, as ViacomCBS Inc. through the re-merger of the second incarnation of CBS Corporation and the second incarnation of Viacom (which were split from the original incarnation of Viacom in 2006). On February 16, 2022, during its Q4 earnings presentation, the company announced that it would change its name to Paramount Global. Paramount's main properties include the namesake Paramount Pictures film and television studio, the CBS Entertainment Group (consisting of the CBS and The CW television networks, television stations, and other CBS-branded assets), media networks (consisting of U.S.-based cable television networks including MTV, Nickelodeon, BET, Comedy Central, VH1, CMT, Paramount Network and Showti ...
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