RadioInsight

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KHBZ Adds Bud & Broadway For Mornings

Posted: 14 Apr 2021 01:11 PM PDT
https://radioinsight.com/headlines/2...-for-mornings/



Ozark Mountain Media Group Country 102.9 The Z KHBZ Harrison AR/Branson MO
has announced it will add SuiteRaidos Bud Broadway Morning Show on Monday,
May 3.

KHBZ becomes the twentieth affiliate for the show since launching in late
2020. With the addition of Bud and Broadway, Program Director Lisa Johnson
will move from mornings to middays.

Mornings in the Ozarks are about to get a lot funnier with the addition of
The Bud and Broadway Morning Show to the on-air lineup on KHBZ! starting
Monday May 3rd!

This is the duo’s 20th affiliate since launching nationally 6 months ago.

Bud Ford and Jerry Broadway said, “Twenty stations is a huge milestone for
our show, and we can’t think of a better station to mark this moment with
than KHBZ! Now we have a great excuse to float the Buffalo, Spend more time
at Table Rock Lake, and enjoy the entire region.�

SuiteRadio COO Pat Fant was quick to point out: “Our phone has been ringing
as more and more station owners look for on-air content that draws
listeners in and keeps them coming back.Â* Being on the air in Harrison,
Branson, and Eureka SpringsÂ*has always been high on our list for Bud and
Broadway.Â*Â*So happy this worked out with KHBZ!â€�Â*

I could not be happier for Bud, Jerry and our SuiteRadio team.Â* 20 stations
is a milestone, but a drop in the well for this incredibly funny show.
Plus, it wont be longÂ*until we turn 21.Â* Now who can say they get to do
that twice in a lifetime?Â*Â* added Rowdy Yates, Suite Radio Chief Talent
Wrangler.

Lisa Johnson, team Leader of 102-9 KHBZ chimed in: “Â*Bud and Broadway are
not only funny with great chemistry together, but they are also allowing me
to move to Middays, which has always been my home on radio. We have a
strong line-up of talent and Bud and Broadway are a great way to start the
day.�




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Real 103.9 Las Vegas Adds Bootleg Kev Show For Afternoons

Posted: 14 Apr 2021 09:52 AM PDT
https://radioinsight.com/headlines/2...or-afternoons/



iHeartMedia Hip Hop Real 103.9 K280DD/KYMT-HD2 Las Vegas has announced the
addition of The Bootleg Kev Show for afternoons starting Monday, April 19.

Bootleg Kev co-hosted nights on iHearts Real 92.3 KRRL Los Angeles from
2016 until exiting in December 2020. He launched the United Stations
syndicated Bootleg Kev Show last month. Prior to KRRL, he has worked at Hot
97.5 KVEG in the Las Vegas market, KKFR Phoenix, KYWL Boise, and WLLD Tampa.

The Bootleg Kev Show will replace the WMIB Miami based Papa Keith in the
3-7pm timeslot.

REAL 103.9, Las Vegas’ REAL Hip Hop N’ RB, announced today the debut of
“The Bootleg Kev Show,� effective April 19. “The Bootleg Kev Show� will
broadcast weekdays from 3 – 7 p.m. PT.

“The Bootleg Kev Show� will focus on Hip Hop music and culture. Listeners
will hear the newest and best in Hip Hop music as well as conversations
about culture and lifestyle news in the Las Vegas area. Bootleg Kev has
more than 15 years of broadcasting experience in top markets including
Tampa, Phoenix, Los Angeles and Las Vegas, where he served as an on-air
personality for KVEG-FM. He most recently served as an on-air personality
at iHeartMedia Los Angeles’ REAL 92.3.

“We are excited to welcome Bootleg Kev and team to REAL 103.9,� said DJ
A-Oh, Program Director for REAL 103.9. “Kev brings an extensive knowledge
of Las Vegas radio and authentic content that will be available every
afternoon. Kev is a Hip Hop radio vet, and joining the REAL team is big win
for everyone.�

“I am so excited to bless the Las Vegas airwaves again and, more
importantly, to be working with iHeartMedia again in Las Vegas,� said
Bootleg Kev. “DJ A-Oh is one of the most forward-thinking programmers in
the country, and for us to reunite to make history in Vegas at REAL 103.9
is only right!�



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Amrica CV To Aquire 1260 WSUA Miami

Posted: 14 Apr 2021 09:04 AM PDT
https://radioinsight.com/headlines/2...60-wsua-miami/



América CV Network President/CEO Carlos Vasallo has announced his intent to
purchase Spanish News/Talk Radio Caracol 1260 WSUA/94.3 W232DX Miami.

WSUA has been operated by Grupo Latino de Radio, a subsidiary of Spanish
media conglomerate Prisa, since 2003, but a 2017 application to increase
their ownership stake from 25% to 100% was dismissed at their request in
February after failing to close. Terms of the sale to Vasallo have not been
disclosed as the deal has yet to be filed with the FCC.

Vasallo recently gained majority control of America-CV Station Group,
Caribevision Holdings, America-CV Network and Caribevision TV Network
through their exit from Chapter 11 bankruptcy restructuring in March. The
companies own Spanish language programmed low-powered television stations
in Miami, New York and San Juan operating as AméricaTeVé and Teveo with a
very right-wing leaning news product. The company announced it plans to
rebrand WSUA as America Radio 1260 to better match the television stations.

Newsweek reports that WSUA has already parted ways with midday host Raul
Martinez replacing him with América TeVé personality Juan Manuel Cao as
part of a move to Spanish Conservative Talk at the station.



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WKHF To Flip On Thursday Ahead Of Sale

Posted: 14 Apr 2021 04:30 AM PDT
https://radioinsight.com/headlines/2...ahead-of-sale/



Todd Robinsons WVJT LLC has agreed to sell Hot AC 93.7 WKHF Lynchburg VA to
Chuck and Rebecca Marshs Lynchburg Media Partners for $500,000.

Chuck Marsh, who previously hosted mornings at Country 93.1 The Wolf WPAW
Greensboro and 99.9 Kiss Country WKSF Asheville before owning stations in
Marion VA and Ahoskie NC, also is majority owner and morning host on
Alamance Media Partners Country Maverick Radio 1200 WSML Graham/94.3 W232DT
Mebane/95.1 W236BO Burlington NC. He will pay $10,000 upfront and $490,000
in a promissory note for the station.

A new format will debut on WKHF on Thursday, April 15 as Marsh begins a
$2000 per month Time Brokerage Agreement. Mike McKendree, who has hosted
mornings at WKHF since its launch in 2011, will move to Oldies 103.9/106.9
103.9 WHTU Big Island/106.9 WZZI Bedford/101.9 W270CU Roanoke in the same
daypart.




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Univision To Merge Content Assets With Televisa

Posted: 13 Apr 2021 04:44 PM PDT
https://radioinsight.com/headlines/2...with-televisa/



Univision Holdings has announced it will merge content and media assets
with Mexicos Grupo Televisa to create the largest Spanish language media
company in the world.

Univision will pay $3.0 billion in cash, $750 million in Univision common
equity and $750 million in Series B preferred equity for Televisas content
assets. SoftBank Latin American Fund will lead financing of $1 billion of
new Series C equity along with current Univision investor ForgeLight LLC
and some new investment by Google and The Raine Group. J.P. Morgan will
arrange $2.1 billion of debt commitments.

Televisa will own 45% equity of the new Televisa-Univision, while retaining
separate ownership of izzi Telecom, Sky, as well as the main real estate
associated with the production facilities, and the Mexican broadcasting
licenses and transmission infrastructure. The new company will also
outsource all of its news production in Mexico to a new company owned by
The Azcárraga family to guarantee that news content remains in Mexican
hands and is produced in Mexico. Televisa-Univision will retain all assets,
IP and library related to Televisa’s News division.

The combined company will include Univisions two broadcast television
networks in the United States, nine cable networks, 61 television stations,
58 radio stations and digital assets. Televisa will contribute its four
broadcast channels in Mexico, 27 subscription networks, Videocine movie
studio, and Blim TV VOD service.

The new Televisa-Univision will be be led by Univision CEO Wade Davis.
Alfonso de Angoitia will serve as Executive Chairman, while SoftBank
International CEO Marcelo Claure will be Vice Chairman. The companys board
will include 13 directors, with five appointed by Televisa, three by
Searchlight and ForgeLight, two by Series C shareholders, and three
independent directors.

The deal follows the purchase of 64 percent of Univision by an investor
group led by CEO Wade Davis ForgeLight LLC and Searchlight Capital Partners
last year. Televisa had retained its 36% stake in Univision following the
closing of that deal.

Grupo Televisa, S.A.B. (“Televisa�), and Univision Holdings, Inc. (together
with its wholly owned subsidiary, Univision Communications Inc.,
“Univision�), today announced a definitive transaction agreement in which
Televisa’s content and media assets will be combined with Univision to
create the largest Spanish-language media company in the world:
Televisa-Univision (the “Company�).

The combination brings together the two leading media businesses in the two
largest Spanish-speaking markets in the world: Univision in the United
States, the largest Spanish-language media market by value, and Televisa in
Mexico, which is the most populous Spanish-language market in the world.
The resulting business will hold the largest long-form library of content
in the world, a powerful portfolio of IP and global sports rights, fueled
by the most prolific Spanish-language production infrastructure. The power
and scope of these content assets are unmatched. In 2020, Televisa produced
more than 86,000 hours of content across every genre and category,
including sports and special events, dramas, newscasts, situation comedies,
game shows, reality shows, children’s programs, comedy and variety
programs, musical and cultural events, movies and educational programming.

Televisa will also contribute its four free-to-air channels, 27 pay-TV
networks channels and stations, its Videocine movie studio and Blim TV
subscription video on demand (SVOD) service; and the Televisa trademark.
These media assets comprise the definitive market leader in Mexico.

The Company will further benefit from Univision’s market-leading assets in
the United States which includes the Univision and UniMás broadcast
networks, nine Spanish-language cable networks, 61 television stations and
58 radio stations in major U.S. Hispanic markets and Puerto Rico, and
prominent digital assets including its recently launched AVOD streaming
service, PrendeTV.

The combined entity will have the content, production capacity,
intellectual property, global reach and financial resources to aggressively
pursue the relatively nascent global Spanish-language streaming
opportunity. The Spanish-language market, which represents around 600
million people globally, and an aggregate GDP of about $7 trillion, is
significantly underserved from a streaming perspective relative to other
major markets. Less than 10% of the Spanish speaking population currently
use an OTT video product, compared with the English language market where
nearly 70% of the population has at least one streaming service.

“This strategic combination generates significant value for shareholders of
both companies and will allow us to more efficiently reach all
Spanish-language audiences with more of our programming,� said Emilio
Azcárraga, Executive Chairman of the Televisa Board of Directors.
“Together, Televisa-Univision can more aggressively pursue innovation and
growth through digital platforms as the industry continues to evolve. Our
new investors at the SoftBank Latin America Fund, Google and The Raine
Group are just as excited about the opportunities presented by this
combination.�

“This transformative combination brings together the leading network
serving U.S. Spanish-language audiences with the leading media platform in
Mexico powered by the most powerful Spanish-language content engine in the
world,� said Univision CEO Wade Davis. “Televisa-Univision will emerge as
the leading global Spanish-language multi-media company, uniquely
positioned to capture the significant market opportunity for Spanish
speakers worldwide.�

Davis continued, “The composition of our new investor group reflects
confidence in our strategy, the progress of our digital transformation and
the magnitude of the opportunity ahead of us. I would like to thank
Chairman Emilio Azcárraga for his confidence in us, to continue as partners
growing the incredible company he and his family have built. I would also
like to thank Televisa Co-CEOs Alfonso de Angoitia and Bernardo Gómez for
their continued support and partnership as we work together to provide our
audience with even more access to even more powerful, compelling and
engaging Spanish-language content, however they choose to access it.�

“We have been deeply involved with Univision for more than two decades, and
we have never enjoyed a better relationship with our partners,� said
Bernardo Gómez and Alfonso de Angoitia, Televisa’s Co-Chief Executive
Officers. “We are creating a company which is a leader across multi-media
categories, unified over the largest territories and with the scale and
focus to deliver the most compelling content experience to Spanish-language
consumers around the world. We are confident that this strategic
transaction will maximize the potential of our Content segment, while
allowing us to strengthen our balance sheet and focus on growth
opportunities at our Telecom business.�

“The SoftBank Latin America Fund is proud to invest in the combination of
Televisa-Univision to help create a content powerhouse that can serve the
nearly 600 million Spanish-language speakers globally. With the largest and
most iconic original Spanish content library in the world and access to
SoftBank’s global tech ecosystem, we will help transform the new company
into the leading Spanish-language multi-platform digital media company and
one of the most important OTT service providers in the world,� said Marcelo
Claure, Chief Executive Officer of SoftBank Group International and board
member of Univision.

Terms of the Transaction

Televisa will continue to capture the upside from the significant growth
potential of the Company by remaining the largest shareholder in
Televisa-Univision with an equity stake of approximately 45%. As a part of
the agreement, Televisa will retain ownership of izzi Telecom, Sky, and
other businesses, as well as the main real estate associated with the
production facilities, the broadcasting licenses and transmission
infrastructure in Mexico.

Televisa’s content assets will be contributed for approximately $4.8
billion. Under the terms of the agreement, Univision will pay $3.0 billion
in cash, $750 million in Univision common equity and $750 million in Series
B preferred equity, with an annual dividend of 5.5%. The balance is derived
from other commercial considerations. The combination will be financed
through $1.0 billion of new Series C preferred equity investment led by the
SoftBank Latin American Fund (“SoftBank�), along with current Univision
investor ForgeLight LLC, with participation from Google and The Raine
Group; and $2.1 billion of debt commitments arranged by J.P. Morgan.

News content production for Mexico will be outsourced from a company owned
by The Azcárraga family to guarantee that news content remains in Mexican
hands and is produced in Mexico. Televisa-Univision will retain all assets,
IP and library related to Televisa’s News division.

The transaction is expected to close in 2021, subject to customary closing
conditions, including receipt of regulatory approvals in the United States
and Mexico, and Televisa shareholder approval. The Board of Directors of
both Televisa and Univision have already approved the combination.

Management and Board

Univision CEO Wade Davis will lead the combined company, Alfonso de
Angoitia will serve as Executive Chairman of the Televisa-Univision Board
of Directors and Marcelo Claure, CEO of SoftBank International will become
Vice Chairman of the Board. The Company’s Board will have 13 directors,
including five appointed by Televisa, three by Searchlight and ForgeLight,
two by the Series C shareholders and three independent directors. At
closing, the board will be Emilio Fernando Azcárraga Jean, Bernardo Gómez
MartÃ*nez, Alfonso de Angoitia Noriega, Marcelo Claure, Michel Combes, Gisel
Ruiz, Oscar Muñoz, Maria Cristina “MC� Gonzalez Noguera, Wade Davis, Eric
Zinterhofer, Jeff Sine and two additional Televisa appointees.

After closing, content production and operations in Mexico will continue to
be led by Emilio Azcárraga, Chairman of the Televisa Board of Directors,
and Bernardo Gómez and Alfonso de Angoitia, Televisa’s Co-Chief Executive
Officers, during a transition period to ensure a smooth and successful
integration.

Strong Financial Profile

As a result of the significant equity infusion and enhanced profitability
of the Company, Televisa-Univision’s net debt leverage ratio is expected to
decline by over 2.0x to approximately 5.0x, when accounting for run-rate
revenue and cost synergies of $200 to $300 million. Televisa-Univision’s
differentiated market proposition and cost structure allow for premium top
line pricing with efficient content costs as most of the production will
take place in Mexico where the Company has substantial high quality
production studios in an ideal market to source premium content. This
creates a powerful margin profile unlike any other media company, including
run-rate synergies, EBITDA margin is expected to be close to 45%. The
combined financial strength will allow the Company to invest in the
anticipated launch of its global streaming platform, which is expected in
early 2022.

Grupo Televisa Post-Transaction

Post-transaction, Televisa will keep developing and expanding its
industry-leading Telecom business in Mexico, offering best-in-class
high-speed internet access and providing high-quality programming as a
content aggregator. Televisa will use the proceeds received from Univision
primarily to pay down debt, while continuing to pursue growth opportunities
and strengthen its leading position through ongoing investments at its core
businesses. As a result, Televisa’s net debt leverage ratio will decline to
below 2.0x and its U.S. dollar-denominated assets and liabilities will be
matched. After the transaction closes, Televisa will no longer consolidate
financials of its Content segment.

Advisors

Guggenheim Securities and J.P. Morgan are acting as financial advisors to
Univision; and Paul, Weiss, Rifkind, Wharton Garrison LLP; Sidley Austin
LLP and Covington Burling LLP are serving as legal counsel to Univision.

Allen Company is acting as financial advisor to Televisa. Wachtell Lipton,
Rosen Katz; and Mijares, Angoitia, Cortés y Fuentes, S.C. are providing
legal counsel. Pillsbury Winthrop Shaw Pittman LLP is serving as regulatory
counsel. LionTree Advisors LLC rendered a fairness opinion to the Board of
Directors of Televisa.

Cleary Gottlieb Steen Hamilton LLP served as legal counsel to the SoftBank
Latin America Fund.

Pillsbury Winthrop Shaw Pittman LLP served as legal counsel to The Raine
Group.



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Jalopnik: Spotify Wants Its New Car Thing To Live On Your Dashboard

Posted: 13 Apr 2021 03:42 PM PDT
https://jalopnik.com/spotify-wants-i...boa-1846673019