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<br /> TM<br /> SEPTEMBER/OCTOBER 2017<br /> INFORMATION AND INSIGHT FOR MEDIA FINANCE PROFESSIONALS<br /> F<br /> THE FINANCIAL<br /> MANAGER<br /> RADIO'S<br /> WILD<br /> RIDE<br /> STATIONS AND NETWORKS ARE RACING<br /> INTO A NEW WORLD THAT'S THRILLING AND<br /> CHALLENGING ON A NUMBER OF FRONTS.<br /> ALSO INSIDE<br /> CHAIRMAN PAI'S<br /> BIG FCC AGENDA<br /> DEBATING<br /> ATSC 3.0 REGS<br /> FIGHTING HACK<br /> ATTACKS<br /> Advertising Pays!***<br /> ***especially when<br /> you are:<br /> Why Choose CCR for your ad-sales<br /> Collections?<br /> • Experienced team skilled in solving your ad<br /> sales payment impasses<br /> • Competitive rates<br /> • Educational seminars<br /> • Extensive, ever-growing client list covering<br /> all areas of the media (Radio, TV, Outdoor,<br /> Cable, Internet and Print)<br /> Receivable Outsourcing<<a title="TFM-Sep-Oct 2017 page 1" href="http://viewer.zmags.com/publication/243309e2?page=1"> TM SEPTEMBER/OCTOBER 2017 INFORMATION AND INSIGH</a> <a title="TFM-Sep-Oct 2017 page 2" href="http://viewer.zmags.com/publication/243309e2?page=2"> Advertising Pays!*** ***especially when </a> <a title="TFM-Sep-Oct 2017 page 3" href="http://viewer.zmags.com/publication/243309e2?page=3"> TFMINSIDE THIS ISSUE The Financial Manager </a> <a title="TFM-Sep-Oct 2017 page 4" href="http://viewer.zmags.com/publication/243309e2?page=4"> FROM THE PRESIDENT Radio's Transformative State</a> <a title="TFM-Sep-Oct 2017 page 5" href="http://viewer.zmags.com/publication/243309e2?page=5"> SESAC SIGN ROSANNE CAS S H SESAC SIGNS NIKKI </a> <a title="TFM-Sep-Oct 2017 page 6" href="http://viewer.zmags.com/publication/243309e2?page=6"> DEAR EXPERT The ATSC 3.0 Crystal Ball No one kn</a> <a title="TFM-Sep-Oct 2017 page 7" href="http://viewer.zmags.com/publication/243309e2?page=7"> HUMAN FACTOR Budgeting Made Brainier Successfu</a> <a title="TFM-Sep-Oct 2017 page 8" href="http://viewer.zmags.com/publication/243309e2?page=8"> CREDIT WHERE DUE New Keys to the CRA Door Credi</a> <a title="TFM-Sep-Oct 2017 page 9" href="http://viewer.zmags.com/publication/243309e2?page=9"> ASSOCIATION NEWS UPCOMING EVENTS Media Outlook</a> <a title="TFM-Sep-Oct 2017 page 10" href="http://viewer.zmags.com/publication/243309e2?page=10"> Up$ide, Downside Radio Cash Flow Multiples and 5</a> <a title="TFM-Sep-Oct 2017 page 11" href="http://viewer.zmags.com/publication/243309e2?page=11"> SPECIAL REPORT: Media Valuations The second i</a> <a title="TFM-Sep-Oct 2017 page 12" href="http://viewer.zmags.com/publication/243309e2?page=12"> SPECIAL REPORT: MEDIA VALUATIONS Since 2011,</a> <a title="TFM-Sep-Oct 2017 page 13" href="http://viewer.zmags.com/publication/243309e2?page=13"> stations are likely to continue to be un- Rad</a> <a title="TFM-Sep-Oct 2017 page 14" href="http://viewer.zmags.com/publication/243309e2?page=14"> REGULATIONS F ROM THE F</a> <a title="TFM-Sep-Oct 2017 page 15" href="http://viewer.zmags.com/publication/243309e2?page=15"> available online. At the beginning of February,</a> <a title="TFM-Sep-Oct 2017 page 16" href="http://viewer.zmags.com/publication/243309e2?page=16"> REGULATIONS otherwise expire. The decision also </a> <a title="TFM-Sep-Oct 2017 page 17" href="http://viewer.zmags.com/publication/243309e2?page=17"> </a> <a title="TFM-Sep-Oct 2017 page 18" href="http://viewer.zmags.com/publication/243309e2?page=18"> SPECIAL REPORT: RADIO'S CHANGING DYNAMICS </a> <a title="TFM-Sep-Oct 2017 page 19" href="http://viewer.zmags.com/publication/243309e2?page=19"> By FRED & PAUL JACOBS </a> <a title="TFM-Sep-Oct 2017 page 20" href="http://viewer.zmags.com/publication/243309e2?page=20"> SPECIAL REPORT: RADIO'S CHANGING DYNAMICS FM rad</a> <a title="TFM-Sep-Oct 2017 page 21" href="http://viewer.zmags.com/publication/243309e2?page=21"> screens to platforms like Apple’s CarPlay and Goo</a> <a title="TFM-Sep-Oct 2017 page 22" href="http://viewer.zmags.com/publication/243309e2?page=22"> SPECIAL REPORT: RADIO'S CHANGING DYNAMICS PRO </a> <a title="TFM-Sep-Oct 2017 page 23" href="http://viewer.zmags.com/publication/243309e2?page=23"> GLOBAL MUSIC RIGHTS IS BANGING A JARRING BEAT. AG</a> <a title="TFM-Sep-Oct 2017 page 24" href="http://viewer.zmags.com/publication/243309e2?page=24"> SPECIAL REPORT: RADIO'S CHANGING DYNAMICS under </a> <a title="TFM-Sep-Oct 2017 page 25" href="http://viewer.zmags.com/publication/243309e2?page=25"> GMR has countersued, alleging that RMLC is itse</a> <a title="TFM-Sep-Oct 2017 page 26" href="http://viewer.zmags.com/publication/243309e2?page=26"> SPECIAL REPORT: RADIO'S CHANGING DYNAMICS GMR—C</a> <a title="TFM-Sep-Oct 2017 page 27" href="http://viewer.zmags.com/publication/243309e2?page=27"> with Apple CarPlay or Android Auto, the AM/FM rad</a> <a title="TFM-Sep-Oct 2017 page 28" href="http://viewer.zmags.com/publication/243309e2?page=28"> QUALITY LEADS. QUALITY PROSPECTS. CENTRALIZE YOUR</a> <a title="TFM-Sep-Oct 2017 page 29" href="http://viewer.zmags.com/publication/243309e2?page=29"> REGULATIONS PAI—Continued from page 16 (multich</a> <a title="TFM-Sep-Oct 2017 page 30" href="http://viewer.zmags.com/publication/243309e2?page=30"> LAST WORD Coping with Cyber Extortionists No co</a> <a title="TFM-Sep-Oct 2017 page 31" href="http://viewer.zmags.com/publication/243309e2?page=31"> Collecting MORE for you requires a blend o</a> <a title="TFM-Sep-Oct 2017 page 32" href="http://viewer.zmags.com/publication/243309e2?page=32"> MEDIA WHYS HAS MEDIA-SPECIFIC CREDIT INFORMATION </a>