"iBiquity Digital Corporation"
March 2001 - "If rollout targets are met, three years from product launch should find a roughly 10% digital broadcast penetration in terms of the share of radios able to receive digital broadcasts. By 2012, that share is projected to rise to 70%. Ultimately, iBiquity will likely offer an attractive equity option in itself, with the most likely ultimate liquidity event being an IPO."
"Robert Struble Channels Lee DeForest"
"iBiquity's President and CEO, Robert Struble, has taken to tweeting. In early September, he revealed he'd taken the train to Wall Street to float the notion of taking iBiquity public: 'Good NYC trip. Wall St way more upbeat than recently. IPO pipeline better, but most think [stock market] rally was too fast'... In the early 20th century, Lee DeForest, inventor of the audion tube spent a portion of his early career engaged with unscrupulous businessmen in the practice of 'pumping and dumping' stock in radio companies featuring his invention... One might say the same about Bob Struble and iBiquity. Given the wobbly future of the HD Radio protocol, it is not far-fetched to see a historical parallel between Struble and DeForest."
"HD Radio 'has reached critical mass' says iBiquity"
"iBiquity is continuing to try to pump hope into the survival of HD Radio, recently announcing that new aftermarket and auto manufacturers are offering the medium. But it's comments made by iBiquity COO Jeff Jury that really makes me wonder if the company is just hell-bent on persistent propaganda, or actually believes their own hype."
"Consumers, Wall Street not buying HD"
"Admit it. You’ve secretly wondered why the radio industry has invested so much in HD Radio. You’ve secretly wondered what the big payoff is. Here’s some advice if you still have a job in radio: keep it secret and don’t wonder out loud. In fact, you probably want to be seen gulping as much HD Kool-Aid as you possibly can, lest your name appear on one of those increasingly numerous slips that are coloring the halls of radio stations in Pepto-Bismol pink."
"Harris Announces Plans to Exit Broadcast Business"
May 2012 - "The equipment manufacturer has seen its business from government contracts boom, not so much from the broadcast side. In a press release, the company said, the decision to divest Broadcast Communications resulted from a thorough review of our business portfolio, which determined that the business is no longer aligned with the company's long-term strategy."
"New Money for iBiquity"
July 2009 - "According to a Securities and Exchange Form D filed earlier this week, iBiquity raised $42,477,641 through securities sales, receiving half in cash and the other half in existing shares of stock in an exchange offer. Radio groups who ponied in more money include CBS, Entercom, Radio One and Clear Channel. Other long-term investors include Grotech Ventures, FirstMark Capital, New Venture Partners and Union Square Ventures. IBiquity last raised $14,844,998 in March of 2008, according to SEC records. The Baltimore Business Journal estimates iBiquity has raised at least $172 million over the past 10 years."
"Heads Roll at iBiquity, Clear Channel"
January 2009 - "This past week iBiquity, HD Radio's proprietor, laid off 20 people. According to Radio World, these are the first bona-fide layoffs at the company since its founding in 2003. iBiquity's web site claims the company employs some 130 people; if that number is accurate, that would constitute a corporate workforce cut of an impressive 15%."
"iBiquity Digital Corp. scores $300K from DBED"
March 2008 - "iBiquity of Columbia is to receive a $300,000 conditional loan for expansion, but the funds are contingent on the company retaining its existing 38 jobs through Dec. 2013 and adding 82 positions. The loan, through the state Department of Business and Economic Development, will be used in connection with a $30,000 match from Howard County for the company to relocate and expand in Columbia."
"iBiquity Digital raises yet another round"
March 2008 - "The Columbia, Md., company is in the process of raising a $15 million fourth round of venture capital, VentureBeat has learned... It’s not clear whether this is enough to make HD Radio appealing... The company has raised an estimated $115 million in three earlier rounds... The company declined to comment."
"IBiquity sees digital radio signaling changes to come"
October 2007 - "The company has yet to turn a profit and does not expect to do so in 2007 or 2008, Struble said... Mass marketing and consumer adoption is the last hurdle, Struble said... Representatives of investment firms that have spots on iBiquity's board of directors could not be reached for comment, but Struble said they are excited about the progress the company is making."
"IBiquity Digital's Make-or-Break Point Approaches"
February 2005 - "Barring a widespread rejection of the technology by consumers, iBiquity by this time next year will finally be drawing in some real revenue after 15 years of spending the money of investors that have pumped in more than $135 million in corporate and independent venture capital... Uhlman said his current investment horizon, from this point on, is three years. That would mean iBiquity would be bought out or go public before 2009."
"Layoffs hit radio pioneer as new tech falters"
September 2003 - "The layoffs accounted for about one-fourth of iBiquity's work force. Digital radio receivers manufactured by Kenwood were supposed to be hitting the market but the launch has been pushed back to the end of the year, CEO Robert Struble said. He downplayed the significance of the delay and said it would have no effect on the company's cash position. In recent weeks, iBiquity has changed a key part of its audio architecture, an 11th-hour shift that has drawn questions from some broadcasters and engineers."
"iBiquity Closes $45 Million Equity Financing"
April 2002 - "iBiquity Digital Corporation, the sole developer of digital AM and FM broadcast technology in the United States, announced the closing of its Series C Financing, indicating it had raised $45 million. Most of iBiquity¹s existing investors contributed additional funds, with Grotech, JP Morgan Partners, New Venture Partners and Pequot Capital leading the round."
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