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468:(SEC) alleged that Albert Kaleta and his firm Kaleta Capital Management sold $ 10 Million promissory notes to investors, the proceeds of which were to be lent to small businesses at 12 to 14 percent interest. Instead, the SEC alleged, the money was used to prop up the ailing Biz Radio Network and a related investment advisory firm, Daniel Frishberg Financial Services (DFFS).
472:
money. These allegations were never proven and were not part of Kaleta's settlement with the SEC. Kaleta signed a consent order neither admitting nor denying wrongdoing, and while the radio network and DFFS were not accused of wrongdoing by the SEC, both the radio network and
Frishberg's investment firm will need to repay the investors, as do all other borrowers.
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with Dan
Frishberg. The network stated that its audience consisted of 61% men and 39% women, with nearly half (48%) in the over-55 category, 43% with college degrees and 33% with a higher degree, and over two thirds with net income exceeding $ 50,000. Thirty percent of the audience had a net worth of
471:
As a result of these regulatory issues, Kaleta's interest was bought back by the company. Kaleta is also alleged to have used investors' money to pay $ 1.6 million in personal expenses, including $ 10,000/monthly credit card bills and a
Mercedes. Kaleta denied the allegations of improper use of the
448:
wrote of the network's flagship station AM 1110 Houston that: "Though tiny in numbers, there are more people with advanced degrees, million dollar net worth, $ 50,000 cars, million-dollar homes, and decision-making jobs listening to Biz Radio than the whole rest of the radio dial combined".
441:
The station management said that they had never sought high ratings, but quality programming and the information most entertaining and useful to the network's small but affluent audience, which represented a small proportion of the population, but controlled the majority of wealth. The
452:
Biz Radio lost $ 1.6 Million between
January and August 2009, although performance improved considerably with an injection of capital from several media partners. Biz Radio programs were aired through syndication on business stations around the country.
410:. The network catered to high-income individuals, referred to by the network as "The Union of People Who Use Their Brains To Get A Better Deal", who spend on luxury items yet desire to maintain their "nest egg" by spending their money wisely.
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In 2012, Biz Radio
Network went off the air, and the remaining affiliates switched to similar business programming. The official website was shut down and their domain is up for sale.
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395:. The network featured news and analysis, with an emphasis on personal finance. Business subjects were covered under the tagline "The Sound of Your Money Growing".
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The Biz Radio
Network consisted of three stations, the newest being AM 1130 San Antonio. Most of the audience listened online, by downloaded podcast from
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530:"SEC Charges Houston-Area Businessman and Talk Radio "MoneyMan" for Fraudulent Conduct at Advisory Firm"
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The network's content consisted heavily of market analysis. The most popular program was the weekly
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433:$ 1 million or more, with incomes around three times the average income in its broadcast cities.
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The program director was network co-founder Elisea
Frishberg, author of
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was a Texas-based radio network that owns three AM radio stations.
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381:, and on the website, BizRadio.com. A November 2009
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512:"BizRadio Network's slogan ringing a little hollow"
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387:article reported that BizRadio was also heard in
1503:Mutual Spanish Network (Mutual Cadena Hispánica)
574:Broadcast radio networks in the United States
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8:
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191:introducing citations to additional sources
1699:Defunct radio stations in the United States
1679:Defunct radio networks in the United States
1493:Mutual Reports Network/Mutual Black Network
50:Learn how and when to remove these messages
1103:
565:
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260:Learn how and when to remove this message
147:Learn how and when to remove this message
181:Relevant discussion may be found on the
505:
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490:, 1130 AM, Edna (Victoria) (10 kW)
415:How Impact Marketing Can Make You Rich
83:Please improve this article by adding
1694:Radio stations disestablished in 2012
7:
514:. Houston Chronicle. Archived from
406:and Dan Frishberg, who also hosted
1689:Radio stations established in 2005
510:Steffy, Loren (19 November 2009).
466:Securities and Exchange Commission
14:
420:Among the featured programs were
31:This article has multiple issues.
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484:, 1110 AM, Houston (2.5 kW)
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174:relies largely or entirely on a
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1709:2012 disestablishments in Texas
1555:Progressive Broadcasting System
1398:Amalgamated Broadcasting System
39:or discuss these issues on the
1:
750:Republic Broadcasting Network
424:, presented by Del Walmsley,
85:secondary or tertiary sources
1704:2005 establishments in Texas
324:through its Radio affiliates
1478:Liberty Broadcasting System
664:North Carolina News Network
649:Michigan Farm Radio Network
1725:
1684:Companies based in Houston
760:WestStar TalkRadio Network
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1418:Children's radio networks
943:Rejoice Broadcast Network
476:Affiliates before closure
400:Genius Meets Streetsmarts
277:
1575:Sports Fan Radio Network
1620:Westwood One (original)
1570:Satellite Music Network
770:World Classical Network
644:Louisiana Radio Network
1545:National Radio Network
1535:National Negro Network
1530:National Black Network
1423:Cumulus Media Networks
1403:Arkansas Radio Network
998:Your Network of Praise
654:Michigan Radio Network
464:In November 2009, the
72:relies excessively on
1413:NBC Blue/Blue Network
679:Supertalk Mississippi
659:Michigan Talk Network
1610:Washington News Desk
1393:America's Radio News
973:Sounds of the Spirit
873:Gospel Opportunities
639:Georgia News Network
618:Uforia Audio Network
518:on 23 November 2009.
422:Lifestyles Unlimited
187:improve this article
963:Salem Radio Network
938:Real Presence Radio
893:King of Kings Radio
843:Family Life Network
684:Texas State Network
430:The Moneyman Report
408:The MoneyMan Report
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202:"Biz Radio Network"
96:"Biz Radio Network"
1585:Talk Radio Network
765:WFMT Radio Network
730:Music of Your Life
725:Metropolitan Opera
426:The Ray Lucia Show
332:Biz Radio Networks
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1625:Westwood One News
1605:Univision America
1525:NBG Radio Network
1483:Michigan Regional
1408:Biz Radio Network
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1041:Sports Byline USA
1031:Futbol de Primera
848:Family Life Radio
823:CSN International
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384:Houston Chronicle
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740:Radio America
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1615:Westinghouse
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1438:Radio Disney
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1351:Radio Kansas
1225:South Dakota
1215:Rhode Island
1205:North Dakota
1099:Public radio
918:Northwestern
853:Family Radio
613:Westwood One
533:
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516:the original
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317:Availability
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243:October 2019
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33:Please help
30:
1520:NBC Talknet
1510:NBC Red/NBC
1432:Local/Waitt
1428:Dial Global
1388:Air America
1361:Yellowstone
1311:New England
1291:Interlochen
1281:High Plains
1271:Boise State
1185:Mississippi
1150:Connecticut
983:VCY America
898:The Life FM
858:Fundamental
735:Pride Radio
715:CRN Digital
534:www.sec.gov
338:Launch date
1673:Categories
1590:The Source
1560:Radio AAHS
1443:Enterprise
1374:Defunct or
1316:New Jersey
1046:Sports USA
838:EWTN Radio
495:References
213:newspapers
137:March 2009
107:newspapers
74:references
36:improve it
1635:WSJ Radio
1580:SportsMap
1356:Red River
1341:Northwest
1331:Northeast
1296:Jefferson
1245:Wisconsin
1180:Minnesota
978:Spirit FM
908:Mars Hill
878:Guadalupe
780:Religious
745:Radio One
720:Evolution
698:Specialty
674:The Point
588:ABC Audio
347:Dissolved
183:talk page
42:talk page
1595:Transtar
1376:moribund
1346:Radio IQ
1336:Northern
1259:Regional
1190:Nebraska
1170:Kentucky
1145:Colorado
1124:Pacifica
1107:National
1036:Infinity
968:Smile FM
928:Radio 74
903:LifeTalk
818:Covenant
598:Premiere
581:National
437:Audience
1306:Montana
1286:Indiana
1266:Alabama
1250:Wyoming
1235:Vermont
1155:Georgia
993:Word FM
953:RenewFM
923:Pilgrim
863:Go Mix!
813:Calvary
622:Spanish
593:Compass
373:Content
297:Country
227:scholar
121:scholar
1540:Nova M
1488:Mutual
1210:Oregon
1195:Nevada
1160:Hawaii
1008:Sports
888:K-Love
828:Effect
428:, and
389:Denver
379:iTunes
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1468:Jones
1175:Maine
1138:State
1016:BetQL
958:RevFM
913:Moody
632:State
603:Salem
329:Owner
322:Texas
234:JSTOR
220:books
128:JSTOR
114:books
1230:Utah
1165:Iowa
1061:News
1051:TUDN
1021:ESPN
833:ESNE
793:Air1
788:3ABN
705:AURN
488:KTMR
482:KTEK
391:and
365:The
350:2012
342:2005
287:Type
206:news
100:news
1630:WOR
1600:UPI
1565:RKO
1550:PRI
1453:GCN
1276:CMU
1129:PRX
1119:NPR
1114:APM
1089:NBC
1084:Fox
1079:CBS
1074:BIN
1069:ABC
1026:Fox
868:GNN
808:BRN
803:BBN
798:AFR
320:In
189:by
76:to
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