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When Beyoncè announced the March 29 release of what’s expected to be a country-leaning album, Cowboy Carter, she alluded to a moment when she felt unwelcome in the genre.
But current chart numbers suggest that the carpet has been rolled out for her, assuming she’s willing to keep walking the path. Her single “Texas Hold ’Em” jumps to No. 33 in its sixth week on the Country Airplay chart dated March 30, while it remains at No. 1 on Hot Country Songs. The Airplay position is lower than the slots the song occupies on other genre charts, where she has been historically established. But country radio develops slowly. Only two of the 32 songs ahead of her on Country Airplay — Nate Smith’s “Bulletproof” and Keith Urban’s “Messed Up As Me”— have charted for six weeks or fewer. The performance of “Texas Hold ’Em” suggests that the genre may be as open as it ever has to figures invading country from other entertainment formats.

“I kind of see things starting to open up,” says Country’s Radio Coach owner and CEO John Shomby.

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Beyoncè is hardly the only artist making a move into the format from another entertainment base. Post Malone spent 18 weeks on Country Airplay in a pairing with the late Joe Diffie, Diplo has released two country-shaded projects, and Lana Del Rey is reportedly recording a country album. Additionally, actors Charles Esten and Luke Grimes recently released their debut country albums, contemporary Christian artist Anne Wilson has signed with Universal Music Group Nashville, and retired St. Louis Cardinals pitcher Adam Wainwright made his Grand Ole Opry debut on March 9.

There’s no guarantee that any — let alone all — of them will stick. But it’s not like country music is a closed society.

“Take a look at Jelly Roll,” Shomby says. “This guy was a rapper, for crying out loud — he wasn’t even a famous rapper, but he was around. He’s welcome with open arms.”

It hasn’t always been that way. There’ve been plenty of figures from other music formats — such as Jessica Simpson, Connie Francis and La Toya Jackson — who made brief forays into country, then disappeared. So did former NFL quarterbacks Terry Bradshaw and Danny White, plus actors Dennis Weaver and Maureen McCormick. 

The country music business has long been skeptical of people it perceives as carpetbaggers. Even artists who’ve had some success when jumping into country — such as Tom Jones, who scored a No. 1 single with 1977’s “Say You’ll Stay Until Tomorrow” and a top five with 1983’s “Touch Me (I’ll Be Your Fool Once More)” — have been flummoxed by its expectation of a commitment.

“With country stations, if you don’t record country all the time, they feel then that you’re not a country artist,” he complained in ’83. “If you only come out with an occasional country album, it’s hard to get it played on some stations because they stick with their regulars.”

R&B and adult contemporary stations, he allowed, operated with the same sort of provincialism.

But plenty of artists have made successful transitions into country, too — Conway Twitty, Dan Seals, John Schneider, Exile and Darius Rucker, to name a few. All of them faced skepticism on their way to acceptance. Seals’ former manager, Melody Place COO Tony Gottlieb, recalls when Seals was confronted about it on late-night TV.

“This guy who’s from Nashville — obviously tuned into the Nashville scene — asks Dan, ‘What do you say about failed pop artists coming to Nashville to pursue country music careers?’ ” recalls Gottlieb. “Of course, as Dan’s manager, I wanted to strangle the guy because he had just ambushed him right on live TV.”

Seals had actually been raised on country — Ernest Tubb and The Louvin Brothers — and he proved himself over the long haul. His fourth single, “God Must Be a Cowboy,” became the first of 16 top 10s, including 11 No. 1s. Like Twitty and Kenny Rogers before him, Seals did three things that most successful outsiders have done to become insiders: He committed to country; his music targeted the center of the format, not its sonic periphery; and he recorded high-quality songs.

“You can be new one time,” observes Mike Reid, who segued from his original career as an all-pro NFL lineman into a country singer-songwriter in the 1980s. “But you better always be good, you know. The audience is going to tell you if you’re any good or not.”

The audience likewise will decide whether members of the current crop — including Beyoncè and Post Malone — make an authentic connection with their country endeavors. Pushback is to be expected in the beginning.

Maverick partner Clarence Spalding saw that play out in the early 1980s as the road manager for Exile, which began making country records five years after a No. 1 pop single with “Kiss You All Over.” Spalding’s current management client list includes Rucker, who was known as the frontman for multiplatinum pop/rock band Hootie + the Blowfish before he recorded as a solo country artist.

“There’s a divide — there always is — when anything new comes in town,” Spalding notes. “It’s, you know, ‘That’s not country,’ ‘That is country,’ ‘What is country?’ I don’t know the answer; it’s a subjective thing. If the consumer accepts it as country, then it’s country.”

Transitioning into the genre might actually be easier now than ever before for multiple reasons, beginning with the makeup of the music itself. From the soul-tinged sound of Thomas Rhett’s core hits to the hard-rock influence in HARDY’s material, the genre is much more flexible. 

“It’s a wider avenue to go down, and so it’s going to be more forgiving than if it were the traditional country song,” suggests Reid. “You better not go near that unless you know what the hell you’re doing.”

Additionally, Taylor Swift’s reverse transition more than a decade ago, from country singer to pop stadium-filler, has made genre-hopping more acceptable. 

“She could probably put a country album out tomorrow, and nobody’s going to question anything,” Shomby says.

Like Swift, Beyoncè, Post Malone and Del Rey are all courting country while they are still going strong in their original genre. Many of their predecessors tried to jump to country only when their pop careers had sunk, creating a negative view of the practice in Nashville.

Radio programmers are operating differently, too. Many modern PDs came into country from other formats and view country’s boundaries with more elasticity, and since they often work for stations in multiple formats, they’re less concerned about the exclusivity of any single genre. Plus, digital service providers have created a more fluid environment.

“Clearly the technology has changed this,” says Gottlieb. “This discussion would not have occurred in the same context six, eight years ago before the DSPs had such a major impact on what we’re doing.”

Perhaps the biggest factor, though, is sheer quality. The country industry has historically felt demeaned by the rest of the business. The fact that visiting artists are approaching country while they’re hot is viewed positively on Music Row. But the quality, and authenticity, of the work weighs most heavily in the reception it receives.

“If it’s a really, really good song, I hope they play it,” Spalding reasons. “And if it’s not a really good song, if it just has a big name on it — you know, don’t spread the crap.”

Subscribe to Billboard Country Update, the industry’s must-have source for news, charts, analysis and features. Sign up for free delivery every weekend.

This year’s Academy of Country Music (ACM) Radio Awards nominees have been revealed, and includes double nominations for KATI-FM (Jefferson City, Missouri), KCLR-FM (Columbia, Missouri), KFRG-FM (Riverside, California), KKWF-FM (Seattle, Washington), KXKT-FM (Omaha, Nebraska), WGGY-FM (Scranton, Pennsylvania), WLHK-FM (Indianapolis, Indiana), and WUBE-FM (Cincinnati, Ohio).

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The winners of the ACM Radio Awards will be revealed prior to the 59th annual ACM Awards, which are slated for Thursday, May 16, at Ford Center at The Star in Frisco, Texas, streaming exclusively on Prime Video.

The 59th ACM Radio Awards nominees are:

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National daily on-air personality of the year:

Bobby Bones, Amy, Lunchbox, Producer Eddie, Morgan, SZN, Mike D, Abby, Pitts, Kevin, Lauren and Scuba Steve (The Bobby Bones Show)

Ania Hammar (The Highway/Nights with Ania)

Katie Neal (Katie & Company)

Elaina Smith (Nights With Elaina)

Rob Stone and Holly Hutton (The Rob + Holly Show)

National weekly on-air personality of the year

Kix Brooks (American Country Countdown)

B-Dub (B-Dub Radio Saturday Night)

Lon Helton (Country Countdown USA with Lon Helton)

Buzz Brainard (Hot 30 Countdown with Buzz Brainard)

Wayne D and Tay (iHeartCountry House Party)

Kelly Sutton (Y’all Access with Kelly Sutton)

On-air personality of the year – major market:

The Morning Wolfpack with Matt McAllister –Matt McAllister, Gabe Mercer, and “Captain Ron” Koons/KKWF-FM, Seattle, WA

The Jason Pullman Show – Jason Pullman/ KPLX-FM, Dallas, TX

Paul Schadt and Sarah Lee in the Morning – Paul Schadt, Sarah Lee, and Producer Geoff/WKKT-FM, Charlotte, NC

Angie Ward – Angie Ward/WUBL-FM, Atlanta, GA

The Most Fun Afternoons with Scotty Kay – Scotty Kay/WUSN-FM, Chicago, IL

On-air personality of the year – large market:

Dale Carter Morning Show – Dale Carter/ KFKF-FM, Kansas City, MO

Anthony – Anthony/ KFRG-FM, Riverside, CA

Annie & Cole – Annie Fox and Cole Dunbar/ WLHK-FM, Indianapolis, IN

The Wayne D Show – Wayne D and Tay Hamilton/ WSIX-FM, Nashville, TN

Jesse & Anna – Jesse Tack and Anna Marie/ WUBE-FM, Cincinnati, OH

On-air personality of the year – medium market:

Drive Home with Jody Jo – Jody Jo/ KSKS-FM, Fresno, CA

Steve & Gina in the Morning – Steve Lundy and Gina Melton/ KXKT-FM, Omaha, NE

The Doc Show – Doc Medek and Chewy Medek/ WGGY-FM, Scranton, PA

New Country Mornings with Nancy and Woody – Nancy Wilson and Aaron Woods/ WHKO-FM, Dayton, OH

Mo & StyckMan – Mo and StyckMan/ WUSY-FM, Chattanooga, TN

On-air personality of the year – small market:

Hilley & Hart – Kevin Hilley and Erin Hart/ KATI-FM, Jefferson City, MO

Liz & Scotty in the Morning – Liz DelGrosso and Scotty Cox/ KCLR-FM, Columbia, MO

Morning Show with Pat James – Pat James/ KHUT-FM, Hutchinson, KS

The Eddie Foxx Show – Eddie Foxx and Amanda Foxx/ WKSF-FM, Asheville, NC

Steve, Ben and Nikki – Steve, Ben, and Nikki/ WXBQ-FM, Bristol, VA

radio station of the year – major market:

KILT-FM – Houston, TX

KKWF-FM – Seattle, WA

KSON-FM – San Diego, CA

WXTU-FM – Philadelphia, PA

WYCD-FM – Detroit, MI

Radio station of the year – large market

KFRG-FM – Riverside, CA

KNCI-FM -Sacramento, CA

WDSY-FM -Pittsburgh, PA

WLHK-FM – Indianapolis, IN

WQDR-FM – Raleigh, NC

WUBE-FM – Cincinnati, OH

Radio station of the year – medium market

KUZZ-FM – Bakersfield, CA

KXKT-FM – Omaha, NE

WBEE-FM – Rochester, NY

WGGY-FM – Scranton, PA

WTHT-FM – Portland, ME

Radio station of the year – small market

KATI-FM – Jefferson City, MO

KCLR-FM – Columbia, MO

WFLS-FM – Fredericksburg, VA

WNGC-FM – Athens, GA

WRTB-FM -Rockford, IL

Music monitoring company MonitorLATINO has expanded its services to Spain, giving the music community in the country “access to a platform with advice, data and accurate song playback information on radio and digital platforms,” according to a press release. Founded more than 20 years ago in the United States, the reputable music industry firm — […]

Jason and Travis Kelce just won iHeartRadio’s 2024 podcast of the year award, but they’re not letting it go to their heads. While accepting the honors via video Monday (March 11), the two brothers made sure to shout out an enormous group of people who undoubtedly swayed the vote in their favor: Taylor Swift fans. 
“Podcast of the year,” marveled the Kansas City Chiefs player, who hosts New Heights with his older bro, in a clip posted on X. “It’s big s–t.”   

“Listen, this is an incredible honor, especially for two jabronis like us,” added Jason, who recently retired from the Philadelphia Eagles’ offensive line. “To receive an award like this is beyond humbling, and we would be remiss if we didn’t immediately thank all of the 92%ers out there — aka Swifties — who voted for us to win this award.”  

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In response, Travis laughed and nodded appreciatively. “Thank you, guys, for everything,” he added. “We truly do have the best fanbase in the entire world.” 

Indeed, Swifties have rallied around the Kelces’ podcast in the months since Travis and Swift began dating last summer. In fact, New Heights has served as a core part of the two stars’ love story, with the Chiefs player first professing his crush on the “Anti-Hero” singer on the show back in July.  

“I was disappointed that she doesn’t talk before or after her shows because she has to save her voice,” he said at the time, revealing he’d hoped to give Swift a friendship bracelet with his phone number on it at one of her Eras Tour concerts. 

Flash forward to March 2024, and Travis is jet-setting around the world to support the 14-time Grammy winner on her trek. Most recently, the pair linked up in Singapore, where the superstar played six shows. 

Before that, Swift was a mainstay at the athlete’s games, up through the Super Bowl in February. Following the Chiefs’ victory against the San Francisco 49ers, the pop star was one of the first people to hug Travis on the field. 

Watch Jason and Travis Kelce thank Swifties below. 

On Thursday (Feb. 29), three-time Grammy winner Trisha Yearwood led a conversation with reigning CMA entertainer of the year Lainey Wilson, as part of the 2024 Country Radio Seminar in downtown Nashville.

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Among the topics they discussed were the importance of women artists standing up for themselves, the similarities in their respective career paths, and battling imposter syndrome.

Both have carved out multi-faceted careers, with No. 1 Billboard Country Airplay hits, awards accolades and work in television. (Wilson was featured on the series Yellowstone, while Yearwood is known for her Food Network cooking series Trisha’s Southern Kitchen, as well as roles in Dr. Quinn, Medicine Woman, the live television musical The Passion and a recurring role on the military drama JAG).

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In May 1991, Yearwood’s debut single “She’s in Love With the Boy” appeared on the Country Airplay chart; by early August that same year, it had reached the pinnacle. In 2021, Wilson earned her first No. 1 Billboard Country Airplay hit with “Things a Man Oughta Know,” and has followed with a string of chart-toppers.

They discussed their rapid career rises, with Yearwood recalling that time period surrounding the radio success for her debut radio single, “She’s in Love With the Boy” feeling like “a dream come true,” but she also described it as “holding onto a runaway train and just trying to keep up. And a lot of it is a blur, until I made myself figure out how to be in the moment.”

“I’m in the process of that right now… the last few years have been a whirlwind in the best kind of way,” Wilson responded, adding, “Somebody was telling me — I think it was back in 2017 when I signed my first publishing deal — they told me, ‘It’s going to feel like you’re being drug behind a ski boat for years.’”

Taking on country radio

Wilson (who earned her first Grammy this year for her album Bell Bottom Country) has earned four No. 1 Country Airplay hits: “Things a Man Oughta Know,” the Jelly Roll collaboration “Save Me,” the two-week chart-topper “Never Say Never” (with Cole Swindell) and the three-week solo No. 1, “Watermelon Moonshine.”

But Wilson recalled how when she was first taking her music to radio, there was at least one difficult encounter with a radio exec, pointing out the importance of not taking no for an answer.

“Radio tour, it was hard. It was really, really hard, I’m not going to lie to y’all,” Wilson said. “It taught me a lot. I made a lot of friends along the way that I still text and we talk all the time. But I do remember one specific stop: I go in and we waited in the foyer. He brings us into his office and he said, ‘Play me what you got.’ This was my first single, ‘Dirty Looks.’ He said, ‘You should have left your guitar in the car. I don’t want to hear you play. I want to hear what it sounds like through the speakers.’ Well, he had like 1997 computer speakers, so of course you couldn’t understand anything that the song was saying. He listened to it twice, back-to-back. I was just sitting there and he let the second time finish. He leans across his desk and he said, ‘Lainey, you’re just not that good.’ And I leaned across his desk and I said, ‘So-and-so, out of the 10 years that I’ve been in Nashville, you telling me that don’t mean s–t.’”

She went on to add, “It did light another fire underneath me. After I left there, I was like, ‘Okay, at the end of the day you put yourself out there. Not everybody’s going to like you or love you … I think moments like that, they’re not fun. But if anything, they do build character. They give you fun stories to talk about with Trisha Yearwood.”

Yearwood, who has earned five No. 1 Country Airplay hits, offered up her own difficult encounter during one radio interview, when a radio interviewer brought up a fake story about Yearwood that had been in a tabloid.

“I was doing a show and went to the radio station that was sponsoring the show,” Yearwood recalled. “The DJ thought it was funny..and said, ‘Let’s talk about this.’ I said, ‘I can’t believe you would ask me that question.’ And I left, and I’ve never done anything like that.” She went on to add that, “They were very apologetic, but to say to you — and I don’t know if you’ve had that experience yet — but I wish I had learned earlier. I was about your age that I was like, ‘I’m kind and I’m nice, but there’s some things that aren’t okay.’ It’s okay to say that’s not right.”

Leading with purpose — and advice from Dolly

Yearwood also noted the importance of being selective in the projects you agree to take on, to make sure they are in alignment with an artist’s goals.

“I never said, ‘I want to have a cookbook. I want to have a cooking show,’” Yearwood said. “But I was open for the opportunities when they came. And I’ve said no to a lot more stuff than I said yes to. But I say yes to the things that feel right to me. And that’s always the bar to follow. People can read through things when they know it’s not genuine.”

“There’s definitely been times where I felt like I was doing it all,” Wilson said, relating some advice she received from Dolly Parton. “I asked her, ‘How do you decide everything that you’re doing?’ She said, ‘It has to be something that I’m really passionate about and excited to do. It that’s not the case, then I don’t do it.’”

Navigating Social Media

Wilson also shared advice she wrote down shortly after meeting Yearwood for the first time. “She said, ‘For y’all right now, the line between being loved and hated by the world is getting smaller every day. I was like, ‘Oh, Lord’ — because sometimes people love you, people hate you, and then sometimes people hate you because people love you.”

“That’s true: There’s this whole thing of everybody rooting [for you], then when you get to the top of the heap, now we got to figure out a way to make her not superhuman. Now we got to take her down a peg,” Yearwood said. “I guess that’s human nature and the social media aspect makes the world bigger, and smaller.”

She added, “Every time I used to read the comments — good God, don’t do that. I used to read and I’d just get so upset by things and I would call my people and go, ‘We’re getting off of social media.’ And they were like, ‘Actually, you can’t really do that.’ I wanted to interact, but then I realized that I also needed to protect my mental health.”

“Yeah, because even if you put your eyes on it for a split second, it still pings your heart … you’re still human.”

Battling Imposter Syndrome

They also fielded questions from the audience, including one about staying centered as a person during a career rise, and battling imposter syndrome.

“I have a lot of people in my life who remind me of my hard work,” Wilson said. “Even folks like Luke Combs. The day after the CMAs, he texted me this huge novel, and he’s like, ‘Lainey, I just want you to remember that you’re that girl that moved here and lived in that camper trailer and I knew you back then. I’m so proud to see your hard work being recognized and don’t you start thinking that you didn’t deserve this for one second.’ It’s keeping people like those close people who lift you up — also just talking to the Lord. At the end of the day, I got to keep those things close really, really close because this business is hard.”

The radio business’ slog through a slow advertising market appears to be improving in 2024. “As we look to the year ahead, we see 2024 as a recovery year and we expect a return-to-growth mode,” iHeartMedia CEO Bob Pittman said during the company’s Thursday (Feb. 29) earnings call for the fourth quarter of 2023. Explore […]

As broadcasters begin assembling in Nashville this morning (Feb. 28) for the Country Radio Seminar, expect a lot of talk. About talk.
Radio personalities’ importance has been on the decline for decades. They used to pick the music on their shows. That privilege was taken away. Then many were encouraged to cut down their segues and get to the music. Then syndicated morning and overnight shows moved in to replace local talent.

But once the streaming era hit and started stealing some of radio’s time spent listening, terrestrial programmers began reevaluating their product to discover what differentiates it from streaming. Thus, this year’s CRS focus is talk.

“That’s what’s so important about this year,” says iHeartMedia talent Brooke Taylor, who voicetracks weekday shows in three markets and airs on 100 stations on weekends. “The radio on-air personality is sort of regaining their importance in the stratosphere of a particular station.”

Taylor will appear on a panel designed for show hosts — “Personal Branding: It’s Not Ego, It’s Branding!” — but it’s hardly the only element geared to the talent. Other entries include “On Air Personalities: The OG Influencers,” a research study about audience expectations of their DJs; a podcasting deep dive; and four different panels devoted to the threats and opportunities in artificial intelligence (AI).

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As it turns out, artifice is not particularly popular, according to the research study “On Air Talent and Their Roles on All Platforms,” conducted by media analytics firm Smith Geiger. 

“Americans have very mixed feelings about AI,” says Smith Geiger executive vp of digital media strategies Andrew Finlayson. “This research proves that the audience is very interested in authentic content and authentic voices.”

Not to say that AI will be rejected. Sounds Profitable partner Tom Webster expects that it will be effective at matching advertisers to podcasts that fit their audience and market priorities. And he also sees it as a research tool that can assist content creation.

“If I’m a DJ and I’ve got a break coming up, and I’ve pre-sold or back-sold the same record 1,000 times, why not ask an assistant, ‘Give me something new about this record to say’?” Webster suggests. “That’s the easy kind of thing right there that can actually help the DJ do their job.”

CRS has been helping country radio do its job for more than 50 years, providing network opportunities, exposure to new artists and a steady array of educational panels that grapple with legal issues, industry trends and listener research. In the early 1980s, the format’s leaders aspired to make country more like adult contemporary, offering a predictable experience that would be easy to consume for hours in an office situation. The music, and radio production techniques, became more aggressive in the ’90s, and as technology provided a bulging wave of competitors and new ways to move around the dial, stations have been particularly challenged to maintain listeners’ attention during the 21st century.

Meanwhile, major chains have significantly cut staffs. Many stations cover at least two daily shifts with syndicated shows, and the talent that’s left often works on multiple stations in several different markets, sometimes covering more than one format. Those same personalities are expected to maintain a busy social media presence and potentially establish a podcast, too.

That’s an opportunity, according to Webster. Podcast revenue has risen to an estimated $2.5 billion in advertising and sponsorship billing, he says, while radio income has dropped from around $14 billion to $9 billion. He envisions that the two platforms will be on equal financial footing in perhaps a decade, and he believes radio companies and personalities should get involved if they haven’t already.

“It’s difficult to do a really good podcast,” Webster observes. “We talk a lot about the number of podcasts — there are a lot, and most podcasts are not great. Most podcasts are listened to by friends and family. There’s no barrier to entry to a podcast, and then radio has this stable of people whose very job it is to develop a relationship with an audience. That is the thing that they’re skilled at.”

That ’80s idea of radio as predictable background music has been amended. It’s frequently still “a lean-back soundtrack to what it is that you’re doing,” Webster suggests, though listeners want to be engaged with it.

“One of the people in the survey, verbatim, said it’s ‘a surprise box,’ ” Finlayson notes. “I think people like that serendipity that an on-air personality who really knows and understands the music can bring to the equation. And country music knowledge is one of the things that the audience craves from an on-air talent.”

It’s a challenge. Between working multiple stations, creating social media content and podcasting, many personalities are so stretched that it has become difficult to maintain a personal life, which in turn reduces their sources for new material. Add in the threat of AI, and it’s an uneasy time.

“What I see is a great deal of anxiety and stress levels, and I don’t know how we fix it,” concedes Country Radio Broadcasters executive director R.J. Curtis. “There’s just so much work put on our shoulders, it’s hard to manage that and then have a life.”

Curtis made sure that CRS addresses that, too, with “Your Brain Is a Liar: Recognizing and Understanding the Impact of Your Mental Health,” a presentation delivered by 25-year radio and label executive Jason Prinzo.

That tension is one of the ways that on-air talent likely relates to its audience — there are plenty of stressed, overbooked citizens in every market. And as tech continues to consume their lives, it naturally feeds the need for authenticity, which is likely to be a buzzword as CRS emphasizes radio’s personalities.

“Imagine having a radiothon for St. Jude with an AI talent,” Taylor says. “You’ll get a bunch of facts, but you’ll never get a tear. You’ll never get a real story. You’ll never get that shaky voice talking about somebody in your family or somebody that you know has cancer. The big thing that just will never be replaced is that emotion.” 

Subscribe to Billboard Country Update, the industry’s must-have source for news, charts, analysis and features. Sign up for free delivery every weekend.

Six weeks after Audacy filed for bankruptcy, a corporate maneuver that sees Soros Fund Management emerge as the radio company’s primary shareholder.
Soros Fund Management takes its seat at the head of the table after acquiring a sizeable chunk of Audacy’s debt, roughly $414 million in total.

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The private investment management fund takes around 40% of Audacy’s total senior debt, source tells the New York Post, outsizing the stakes held by the likes of PGIM, Capital Commercial Finance, Goldman Sachs Asset Management, Mockingbird Credit Opportunities Company, and Solus Alternative Asset Management.

Billboard reached out to Audacy but reps hadn’t responded at press time.

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Led by chairman George Soros, who founded the private investment management fund in 1970, Soros Fund Management has experience working with radio and media assets, including $80 million invested for Latino Media Networks by way of Lakestar Finance, notes Radio Ink, plus investments in Vice Media and Crooked Media.

Addressing the Soros development, Audacy noted, “The decision by our existing and new debtholders to become equity holders in Audacy represents a significant vote of confidence in our company and the future of the radio and audio business.”

Its statement continues, “We expect to emerge from our restructuring process with a strong capital structure and well-positioned to capitalize on our strategic transformation into a scaled leading multi-platform audio content and entertainment company. We intend to continue running our business, executing our strategy and delivering for our listeners and advertisers as we always do.”

The Soros investment comes amid a turbulent time for Audacy, which on Jan. 7 said it would file for Chapter 11 bankruptcy protection to reduce debts.

The Philadelphia-based broadcasting giant, formerly named Entercom, said at the time that a deal with debt holders would reduce its debt load by about 80%, from $1.9 billion, acquired primarily from its 2017 merger with CBS Radio, down to $350 million, according to The Hollywood Reporter.

That agreement, first disclosed by The Wall Street Journal, would give Audacy’s debt holders equity in the reorganized company.

Audacy’s portfolio includes 230 radio stations, among them WCBS in New York, KROQ in Los Angeles, WFAN Sports Radio in New York and WBBM Newsradio in Chicago. Audacy’s podcasting brands include two studios, Cadence13 and Pineapple Street Studios, and Popcorn, an online marketplace for connecting creators and brands. Each month, the business claims to engage with over 170 million.

Trouble was brewing back in May 2023 when the business warned that a weak financial outlook could cause it to default on its debt.

Audacy has previously said it does not expect any operational impact due to the bankruptcy and restructuring.

A hearing to approve the Audacy restructuring plan is set for Feb. 20 in a Houston bankruptcy court.

Cumulus Media vp of country Charlie Cook is set to leave the company, with his last day being May 31, Billboard has confirmed. Cook also serves as operations manager for Cumulus’ Nashville cluster and program director for Nashville country stations WKDF and WSM-FM Nashville. Cook’s most recent contract renewal was in 2022.
Country Aircheck first reported the news of Cook’s upcoming departure, noting that Cook told vp/market manager Allison Warren, chief content officer Brian Philips and senior vp of programming operations John Dimick in April 2023 of his desire to pursue new challenges. Cook stated, “They asked me to give them a year. Well, here we are almost a year later and it’s time for me to move away from an experience that I have loved for something new and different. Thanking everyone inside Cumulus and in Nashville would fill these pages so I look forward to personally thanking everyone over the next few months.”

Philips said in a statement, “Charlie Cook’s accomplishments and awards are the stuff of Nashville legend. He is of course, in character, irreplaceable. I foresee a future where we will always rely on his wise counsel. He represents the gold standard among Cumulus employees. We are deeply grateful for his immeasurable contributions.”

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Warren added, “Charlie has been a vital part of the Cumulus and specifically WKDF/WSM-FM family for the past nine years. He has helped shape and drive the format of both 103.3 Country and 99.5 Nash Icon, bringing joy and entertainment to countless listeners. He is not only a talented professional, but also a loyal friend and a passionate music lover. We cannot thank him enough for his years of service, dedication, and creativity. We wish him the very best in whatever adventures are ahead. He will be greatly missed, but never forgotten.”

Cook launched his radio career at Michigan stations in the 1970s, followed by roles at stations in Denver, L.A. and New York. He received Billboard‘s country DJ of the year honor in 1977. Throughout the 1980s and 1990s, heserved in roles at McVay Media and Westwood One.

Cook was inducted into the Country Radio Hall of Fame in 2011 before joining Cumulus in 2014. Last year, he was honored with the Academy of Country Music’s service award, alongside Bill Mayne; Cook is the Academy of Country Music’s longest-serving board member.

Cumulus Media has launched a search for Cook’s successor, having posted a job opening for a music & brand content manager.

Tracy Chapman‘s 36-year-old original version of “Fast Car” is coming to radio again.
One of the most beloved moments at the Feb. 4 Grammy Awards was a rare public performance from Chapman, who collaborated with country artist Luke Combs for a duets version of the song. Originally a hit for Chapman in 1988, Combs’ version brought about a chart resurgence of the song last year.

Now, Rhino Records is servicing Chapman’s song to adult alternative, adult contemporary, Americana, classic hits, classic rock, college and non-commercial formats, according to a source. The recording originally came out on Elektra but now falls under Warner Music Group’s catalog division handled by Rhino.

Rhino is also servicing the video of the pair’s Grammy performance and asking radio stations to add the clip to their socials and websites, but there are no plans to make a quality audio version of the clip available to radio.

Trending on Billboard

Following Chapman and Combs’ duet at the Grammys, the original version of “Fast Car” earned 6 million official U.S. streams from Feb. 2 to Feb. 8, marking a 153% rise, according to Luminate. “Fast Car” also earned 35,000 digital downloads, elevating it to the top of the Digital Song Sales chart for the first time.

On Monday (Feb. 5), the day immediately following the Grammys performance, “Fast Car” earned 949,000 official on-demand streams — a 241% increase from the 278,000 it earned the previous Monday (Jan. 29). The song also saw its digital sales surge, rising 38,400% from “a negligible amount to nearly 14,000,” Billboard previously reported on Feb. 7. Combs also saw streams of his version rise 37% to nearly 1.6 million while it was up nearly 3,900% in sales to just over 6,000.

Chapman’s original “Fast Car” also re-entered the Billboard Hot 100 this week, landing at No. 42. Her version had previously appeared on the Hot 100 in October 1988, peaking at No. 6. Combs’ version reached No. 2 on the same chart in 2023.

Assistance in reporting this story was provided by Melinda Newman.