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Guaranty Media Wins 2023 Celebration of Service to America Award

Guaranty Media was chosen for its entry, “Future DJ Radio Day,” which provided an opportunity for students in a local mentoring organization to experience the radio industry.

Maddy Troy

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Guaranty Media has won the 2023 Celebration of Service to America Award in the Radio Ownership Group category.

The award, given by the National Association of Broadcasters Leadership Foundation, recognizes outstanding service by broadcasters to their communities. Guaranty Media was chosen for its entry, “Future DJ Radio Day,” which provided an opportunity for students in a local mentoring organization to experience the radio industry.

“Guaranty’s mission is to enrich lives and serve others, and we can do that in many ways,” said Guaranty Media President and CEO Flynn Foster. “We have a foundation where we can contribute to organizations like Big Buddy to give students the opportunity to be a DJ for a day.” 

Big Buddy is a local Baton Rouge nonprofit that has been serving children in the area for more than 40 years. In December of 2022, a group of students within the program were invited to Guaranty where they each voiced their own commercials and were guest hosts on one of the group’s 4 radio stations, including Talk 107.3.

“I wish you all could have been at our office when the youth arrived back from Radio Day 2022,” said Big Buddy Executive Director Gaylynne Mack. “To say they were excited is a huge understatement. What an incredible experience for all involved.” 

“For almost a quarter century the Celebration of Service to America Awards have honored broadcasters that go above and beyond to serve their communities in a variety of ways,” said NAB Leadership Foundation President Michelle Duke. “We look forward to shining a well-deserved spotlight on these stations and sharing their award-winning campaigns with broadcast industry leaders, members of Congress, and FCC commissioners.” 

Category winners will be honored at the awards ceremony on June 6, 2023, at The Anthem in Washington, D.C. 

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Media Business

Court Approves Audacy Reorganization Plan

“We have achieved a speedy confirmation of our prepackaged Plan, which will enable Audacy to pursue our strategic goals and opportunities in the dynamic audio business.”

Barrett News Media

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Audacy Logo

A United States Bankruptcy Court for the Southern District of Texas has approved a plan for Audacy to reemerge from its bankruptcy proceedings.

Under the plan, Audacy will equitize more than $1.5 billion of funded debt, which reduces its debt load by 80%, down from $1.9 billion to $350 million.

Audacy Chairman David Field was encouraged by the development.

“Today’s announcement marks a powerful step forward for Audacy, positioning the Company for an exciting future,” said David Field, who also serves as the President and CEO of Audacy. “As expected, we have achieved a speedy confirmation of our prepackaged Plan, which will enable Audacy to pursue our strategic goals and opportunities in the dynamic audio business.

“We aim to drive accelerated growth and financial performance, capitalizing on our scaled, leadership position, our uniquely differentiated premium audio content and the robust capital structure that we will have upon emergence,” continued Field. “I also want to express my gratitude to our team, who continue their outstanding work to serve our listeners and customers with excellence and fulfill our commitments without missing a beat.” 

A statement from the company claims the restructuring “will enable Audacy to continue its strategic digital transformation and capitalize on its position as a scaled, leading multi-platform audio content and entertainment company differentiated by its exclusive, premium audio content.”

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Fox News Begins 2024 Atop Key Digital Media Demographics

Fox News finished its 35th consecutive month atop the multiplatform minutes rankings, with 3.3 billion minutes according to a report from Comscore.

Barrett News Media

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A photo of the Fox News logo

Fox News Digital began 2024 by sitting atop the rankings in several key demographics in the digital media landscape.

Fox News finished its 35th consecutive month atop the multiplatform minutes rankings, with 3.3 billion minutes according to a report from Comscore. CNN finished with 1.9 billion minutes.

In multiplatform views, the outlet tallied 1.7 billion, with The New York Times scoring 1.5 billion. That marked the 16th consecutive month Fox News Digital finished on top.

6 million unique visitors visited the conservative cable outlet’s mobile app, which bested CNN, which tallied 5.4 million unique visitors.

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Media Business

Political Ad Spending Sees Highest Levels in Los Angeles, New York, San Francisco

AdImpact has tracked 465 unique political ads across broadcast stations. In the 209 markets being monitored, political ads have aired a combined 87, 536 times.

Barrett News Media

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A side profile of the U.S. Capitol.

As the 2024 election season continues to take shape, political advertising is seeing large gains in three major metropolitan areas.

AdImpact has tracked nearly $110 million in political ad spending over the past two weeks, with the largest recipients of those figures being Los Angeles ($13.2 million), New York ($10.5 million), and San Francisco ($7.2 million).

Thus far, the highest-spending advertisers are the Adam Schiff for Senate campaign, as the current representative vies for the spot vacated by the death of Diane Feinstein. The campaign has spent $8.1 million.

Additionally, the American Values PAC — a political action committee supporting Democrat Robert F. Kennedy Jr. — spent $7.2 million.

Finally, the Yes on Prop 1 in California campaign — which will attempt to tackle mental health issues in the state — has spent $5.4 million in advertising.

In total, AdImpact has tracked 465 unique political ads across broadcast stations. In the 209 markets being monitored, election ads have aired a combined 87, 536 times.

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