Cumulus Media has rejected an unsolicited $1.2 billion bid to buy the company and instead is offering shareholders a $50 million stock repurchase program, according to a letter to shareholders the company filed with the U.S. Securities Exchange Commission in conjunction with its first-quarter financial results. In that letter from Cumulus Media president/CEO Mary Berner, the company said that its board of directors, along with financial and legal advisors, have concluded that the $15-$17 a share bid “significantly undervalues the company and is not in the best interest of it shareholders.” While the letter doesn’t reveal the identity of the bidder, Reuters, which initially broke the news about the bid on April 14, identified the suitor as a consortium of investors led by veteran radio indu...
After having her high-profile conservatorship legally terminated in November, it seems like everybody wants to know what Britney Spears has to say about her life story. In fact, they want to know so badly that Simon & Schuster was willing to pay her a reported $15 million for a tell-all memoir. Explore See latest videos, charts and news See latest videos, charts and news One of those people eager for a sit-down with the pop star is none other than Drew Barrymore, who can understandably relate to what it feels like to have your family issues and personal life put on display for the public. In a new interview with Variety — which features the former child star as one of six “Women In Power” cover stars — the 47-year-old actress-turned-talkshow host admitted she’d definitely love to ...
All products and services featured are independently chosen by editors. However, Billboard may receive a commission on orders placed through its retail links, and the retailer may receive certain auditable data for accounting purposes. If you love live music, then you know that going to see live shows can be expensive. With the summer concerts right around the corner and festival season already heating up, it’s always nice to find ways to save on ticket prices. Live Nation is offering fans access to thousands of shows for just $25 in honor of Concert Week. The weeklong promo that lets fans purchase tickets to more than 3,700 shows at a budget-friendly price launched on Wednesday (May 4). Explore Explore See latest videos, charts and news See latest videos, charts and news Some of the...
Muse hits No. 1 on Billboard‘s Mainstream Rock Airplay chart (dated May 7) for the first time with “Won’t Stand Down.” Previously, the Matt Bellamy-fronted band logged its best Mainstream Rock Airplay peak with “Reapers,” which reached No. 2 in April 2016, becoming the act’s second of four top 10s. Muse first appeared on the list with “Uprising,” which hit No. 28 in 2010. Muse boasts five No. 1s among 17 top 10s on Alternative Airplay, dating to the group’s first charted title, “Time Is Running Out,” which rose to No. 9 in 2004. “Down” reached No. 3 on the tally in March. On the all-rock-format, audience-based Rock & Alternative Airplay chart, “Down” holds at No. 4, after hitting No. 3 in March, with 4 million audience impressions, according to Luminate. “Down” also lifts 9-8 on the mu...
SoundCloud has acquired Musiio, an artificial intelligence imprint focused on creating technology that can “listen” to music and better predict a song’s success, the company announced this week. The acquisition will allow SoundCloud to further utilize its vast data to pinpoint up-and-coming trends in music and discover rising talent on its artist-first platform. Musiio, which is based in Singapore, was founded by British CEO Hazel Savage and Swedish CTO Aron Pettersson in 2018. The AI software is capable of “listening” to more tracks than humanly possible, which will allow SoundCloud to make confident trend forecasts that, in turn, increase their “hit-rate” and revenue. “SoundCloud hosts more music from more creators than any platform on the planet. Acquiring Musiio accelerates our strateg...
Armin van Buuren is officially returning to the White Isle this summer. The legendary DJ and trance music producer has announced six headlining performances in Ibiza, starting with two at Ushuaïa Ibiza’s world-famous poolside stage on June 9th June and 26th. van Buuren will then head to the venue’s sister club, Hï Ibiza, on August 22nd and 29th before returning to the iconic Ushuaïa Ibiza to tie a bow on the season with two final shows on September 18th and 25th. The shows are said to “take trance into untold and unmissable territory,” according to Ushuaïa. You can purchase tickets here. Armin van Buuren. Bart Heemskerk Scroll to Continue Recommended Articles Both Ushuaïa and Hï Ibiza are celebrating record-breaking attendance at their official openin...
BTS on Wednesday shared a “logo trailer” for their upcoming album, revealing that the LP will arrive as an anthology of their entire music catalog with three new tracks. The visual compiles BTS’ different musical eras into short-form text slides, which read the names of their previous EPs and albums, including O!RUL8,2?, Skool Luv Affair, Love Yourself: Tear, Map of the Soul: 7, Be. and more. Proof will celebrate the leading K-pop group’s ninth anniversary, according to a statement from their label, Big Hit Entertainment. “The BTS anthology album that embodies the history of BTS will be released as they begin a new chapter as an artist that has been active for nine years to look back on their endeavors,” the statement read. “The anthology album Proof that cons...
Beach House scored the new Netflix film Along for the Ride, based on the 2009 young adult book of the same name by Sarah Dessen. It’s the Baltimore, Maryland, group’s first-ever feature film score. Below, watch a clip from the movie featuring music from the band. Scroll down for the Along for the Ride trailer, which does not feature the score. Sofia Alvarez, who wrote and directed the film, said in a statement: Along for the Ride is a movie about teenage insomniacs with much of the action taking place at night. Beach House’s dream pop sound is so lucid and nostalgic with an emotional current that buzzes through your body while you listen to it—all things, I was hoping, the movie would evoke as well. It felt like such a perfect fit to me that I would have been devastated if they had not wan...
The south London–based musician and producer Wu-Lu (aka Miles Romans-Hopcraft) has announced his new album Loggerhead. It’s out July 8 via Warp. Today, he’s shared the lead single “Blame” and its Denisha Anderson–directed video. “‘Blame’ is about a breakdown in communication between my inner voice and external voice, and a situation that arose which led me to end a relationship,” Wu-Lu said in a statement. Watch the visual below. Content This content can also be viewed on the site it originates from. Loggerhead: 01 Take Stage02 Night Pill [ft. Asha]03 Facts04 Scrambled Tricks05 South [ft. Lex Amor]06 Calo Paste [ft. Léa Sen]07 Slightly08 Blame09 Ten10 Road Trip11 Times12 Broken Homes
Broken Social Scene have announced a string of North American tour dates kicking off in September. The Toronto indie collective will celebrate the 20th anniversary of the breakthrough LP You Forgot It in People on the upcoming trek, performing the album in full at each concert. Tickets go on sale Friday (May 6). Find Broken Social Scene’s full schedule below. Broken Social Scene have also announced a new graphic novel in conjunction with the pivotal LP. They’ve paired with Z2 comics and writer Lonnie Nadler for Broken Social Scene: You Forgot It in People, The Graphic Novel. The book reimagines the LP into a series of intertwining vignettes. Along with Nadler, 13 visual artists contributed to the graphic novel, which will be released along with a 10″ vinyl single of “Lover’s Spi...
070 Shake has announced the release date for her new album You Can’t Kill Me: The musician’s second studio LP is due out June 3 (via G.O.O.D. Music/Def Jam). Below, check out Shake’s new single “Web,” as well as the full tracklist for You Can’t Kill Me. “Web” follows You Can’t Kill Me lead single “Skin and Bones,” which 070 Shake shared last month. In December, she shared the NLE Choppa collaboration “Lose My Cool.” Initially intended as a single for her new album—then titled You Can’t Kill Me Because I Don’t Exist—“Lose My Cool” does not appear on the album’s current tracklist. In 2020, 070 Shake released her debut album Modus Vivendi. Check out Pitchfork’s feature “070 Shake Moves Beyond the Buzz.” Content This content can also be viewed on the site it originates from. You Can’t Kill Me:...