Levine lands new investors, including Boeheim, for Galaxy

June 11th, 2018


SYRACUSE — Galaxy Communications has a new name
and new investors.
CEO Ed Levine says the company is now Galaxy
Media and is bringing aboard up to 10 new investors
to buy out the shares that had been owned by a private
investment firm and help the company reduce debt.
Those investors are local people, Levine says, including
his long-time friend Syracuse University basketball coach
Jim Boeheim.
“We’re thrilled to have Coach Boeheim as a part of the
team,” Levine tells CNYBJ in a phone interview, noting
the two have done business together since the late 1990s
and are personal friends.
Boeheim is one of seven investors who are buying the
portion of Galaxy Media that had been owned by Atalaya
Capital Management, Levine notes. As many as three
more individuals may join them.
Levine has used private investments in his company to
build it from a single station in Utica in 1990, to 14 stations
around Central New York today, as well as an eventsmanagement
business that operates around the state and
recently began providing services in North Carolina and
South Carolina.
In addition to the investors, Levine says he secured
a 10-year Small Business Administration-backed loan.
When that loan is paid off, the company will have no senior
debt, he says. “At that point the company functions
as an annuity,” he says.
Regardless of whether he ends up with seven or 10
new investors, Levine says he intends to keep for himself
ownership of the lion’s share of the company, at least
73 percent. Investors will get preferred equity, he says,
meaning they get paid even before he does.
Reflecting on his career in radio, first as a disc jockey
whose dream was to one day manage a major-market station
or, “maybe own a single station – so I could work for
myself,” Levine says he never saw himself in the position
he is today.
Galaxy Media has 100 employees. “I’ve got 100 families
that are depending on me to make the right decisions,” he says.

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Radio’s Top 20 Leaders

April 17th, 2017 by Ed Ryan (RadioInk.com)

One of the many features Radio Ink has become known for is its world-famous lists — like the 40 Most Powerful People in Radio, the Most Influential Women in Radio, and the Best Program Directors in America, just to name a few. In 2017, for the first time in many years, we are launching a brand-new list. And we let you, the readers, decide who deserves to be on it.

Voting took place at radioink.com over three weeks, and you broke the Internet (well, maybe you put a dent in its side panel). Thousands of votes were cast, and thousands of comments were made about those you nominated. We ranked and updated the standings every day, which brought a massive amount of traffic to our website and led to even more voting.

Who are Radio’s Top 20 Leaders? They are the people in the radio industry whose employees love working for them, and they are the people everyone wants to work for. They may not always be the executives getting all the daily trade press recognition, but you can be sure they are behind the scenes, making this industry tick. You know them. Many of you are working for them now. They are the people who know how to motivate their teams to success. They are winning at sales, programming, and management. Have they even climbed a tower or two? Probably!

They are relentless in what they do, and they do not fail. They hire the best people, give them the tools and training to succeed, then get out of their way. They are developing radio’s next layer of leaders. They are the most positive people in radio, and still excited to be in the industry they love. They are the people who take the time to mentor others and have a positive and lasting impact on the careers of their colleagues. They give time back to the radio industry to help it grow.

Our list of Radio’s Top 20 Leaders was created by you, the rank and file, the foot soldiers working the business every day. We set only a few rules before the voting on our website began, then let you have at it. They were: The person must be active in radio today and have at least five years of experience in the industry. Nominations could come from any department of a radio station or cluster. And executives who were on our most recent 40 Most Powerful People in Radio list could not be nominated for this list.

Once the list was decided,  we interviewed all 20 leaders, and then turned to the business of helping you. We picked their brains and asked them about leadership, how they achieved their level of success, what advice they have for others, and their opinion on the current leadership in the radio industry today. This issue, in addition to recognizing 20 great people, is one of the strongest training manuals you will come across in your career. Imagine having 20 of radio’s strongest leaders in one room and picking their brains for hours. This issue does that for you. And they were all a joy to interview.

HERE ARE RADIO’S BEST LEADERS FOR 2017…Ed Levine featured in top 20! Click the link below to view the article.

RI041717Leadership-Small (004)


New York State Broadcasters Association elects Galaxy’s Levine as board chairman

By Journal Staff, Business Journal News Network

The New York State Broadcasters Association, Inc. (NYSBA) announced it has elected Ed Levine, president and CEO of Galaxy Communications in Syracuse/Utica, as its board chairman for the coming year.

He replaces Bob Krummenacker, VP and general manager of Quincy Broadcasting’s WBNG-TV in Binghamton, who has served as the association’s board chairman for the last year.

“I look forward to working with our incoming Chairman, Ed Levine, CEO of Galaxy Communications, who is one of the most successful and respected radio executives in the country,” David Donovan, president and executive director of NYSBA, said in a news release.

View article here

NYSBA Elects 2017 Board of Directors Ed Levine to serve as Chairman of the Board

New York, NY: The New York State Broadcasters Association, Inc.,(NYSBA) elected its officers and board of directors at its Annual Meeting in New York City.  David Donovan, President and Executive Director of NYSBA stated, “NYSBA is fortunate to have the most respected and dynamic executives in broadcasting serving on its Board of Directors. Through their leadership, NYSBA will help ensure that that radio and television stations in New York meet the challenges of today’s hyper competitive marketplace.”  He continued, “I want to thank Bob Krummenacker, V.P. and General Manager of Quincy Broadcasting’s WBNG-TV, Binghamton, for his tireless efforts and leadership as Chairman this past year.  I look forward to working with our incoming Chairman, Ed Levine, CEO of Galaxy Communications, who is one of the most successful and respected radio executives in the country.”

NYSBA officers for 2017 will be:

·        Chairman: Ed Levine, President & CEO Galaxy Communications, Syracuse/Utica
·        Vice Chairman TV: Chuck Samuels, Vice President/GM (TV) WHAM-TV/WUHF-TV, Rochester
·        Vice Chairman Radio: Ramon Pineda, Sr. Vice President/Regional Director Univision Television/Radio Group, New York City
·        Secretary:Dave Davis, President/GM WABC-TV, New York City
·        Treasurer: John Shea, Vice President/GM Cox Media Group, West Babylon

New members joining the Board of Directors for 2017:

·        Heather Binnie, East Coast Divisional Manager CBS Television Distribution Group, NYC
·        Karen Carey, Market President/Chief Revenue Officer WFRG/WIBX/WLZW/WODZ, Marcy
·        Amy Collins, General Manager WSTM-TV/WSTQ-TV/WTVH-TV, Syracuse
·        Charlie Morgan, Sr. Vice President/Mkt. Mgr. Emmis, NYC
·        Rob Williams, Sr. Vice President, Operations Townsquare Media, Greenwich, CT

Returning to the board for 2017:

·        Steve Baboulis, Vice President/GM, WNYT-TV/WNYA-TV, Albany
·        Alan Bishop, Owner/Pres., Fingerlakes Radio Group/Chadwick Bay Broadcasting Corp., Geneva
·        Timothy Busch, Exec. Vice President/COO Nexstar Broadcasting Group, Rochester
·        Chuck Carver, President/GM WATS/WAVR, Waverly
·        Jerry Crowley, Vice President/GM WMCA/WNYM, NYC
·        Kristen Delaney, Area President, iHeartMedia, Albany
·        Peter Dunn, President CBS Television Stations, NYC
·        David Feinblatt, President/GM, WLIG-TV, Long Island
·        Scott Hopeck, President/Mkt. Mgr. iHeartMedia, NYC
·        Bob Krummenacker, Vice President/GM, WBNG-TV, Binghamton
·        Maire Mason, V.P. General Manager WNSH NYC
·        Lew Leone, Vice President/GM WNYW-TV/WWOR-TV, NYC
·        Eric Lerner, President/GM, WNBC-TV, NYC
·        Chad Lopez, Vice President/Mkt. Mgr., Cumulus, NYC
·        Michael Nurse, President/GM, WKBW-TV, Buffalo
·        Chet Osadchey, Vice President/GM, Cayuga Radio Group, Ithaca
·        Norm Silverstein, President/CEO, WXXI-TV/AM/FM, Rochester
·        Robert Vonick, Vice President/Sr. Tax Counsel, ABC, NYC
·        Theresa Underwood, SVP/Reg Mgr, Nexstar Broadcasting Group, Syracuse

For additional information contact David Donovan at ddonovan@nysbroadcasters.org


October 18th, 2016 by Inside Radio

Ed Levine’s Galaxy Communications is expanding beyond its Central New York base by acquiring six stations and two translators in the Berkshires area of Western Massachusetts from Gamma Broadcasting. The transaction is a cash and stock deal valued at $3.17 million. Stations involved in the deal are AC “Live 95.9” WBEC-FM and talk/sports WBEC (1420) in Pittsfield; the classic hits simulcast of “Whoopee” WUPE-AM&FM (100.1, 1110) in North Adams; AC WSBS Great Barrington (860); AC WNAW North Adams (1230), the Great Barrington-licensed translator W231AK at 94.1 and the Pittsfield-licensed translator station W277CJ at 103.3.

Galaxy will pay Gamma $1.68 million for all the outstanding stock of Berkshires Media Group, which holds the licensees for WNAW, WUPE-FM and WSBS and translator W277CJ. Berkshire and Gamma are commonly controlled entities. Galaxy is paying $1.47 million in cash for WBEC-FM, WBEC and WUPE-AM. Galaxy will also pay $20,000 for translator W231AK, which is licensed to Northeast Airchecks. Northeast has filed an application to transfer the translator license to Gamma.

“These six radio stations do a tremendous job of serving their communities with great local radio. They have thrived under the ownership of Gamma Broadcasting, which has done a wonderful job,” Galaxy president and CEO Ed Levine said in a statement. “I look forward to working with market manager Peter Barry and the entire staff of radio professionals.”

Gamma principals Bruce Danziger and Burton Barlow hold an attributable interest in Vox AM/FM, which also owns stations in New York and Vermont.

View article here