Friday, August 10, 2012

| August 10, 2012

Cumulus Q2 Revenue Dips; Major Market News/Talkers Singled Out.  Cumulus Media’s revenue shot up more than 350% due to the inclusion of the former Citadel stations and the former Cumulus Media Partners properties it folded into its portfolio, but on a pro forma basis, revenue for the company was down 1.7%.  During yesterday’s conference call, CEO Lew Dickey indicated 10 stations in the top 10 markets – many of them news/talk outlets were responsible for the company’s loss with three stations in particular accounting for $5.5 million of a $10 million revenue loss.  He said if those stations had been kept out of the equation the company would have seen revenue go up 2%.  Dickey promised the company is working on fixing those stations but cautioned it would take time – as much as four more quarters.  If the ultimate goal is to get other companies’ syndication properties off those major market news/talkers – and those fees can be very high – and replace them with Cumulus Media Networks shows to, a) cut the cost of the programming to those stations and, b) reap a much greater percentage of revenue from those shows, expect to see some lineup changes at those major market news/talkers over the next 12 months.

Lew Dickey Stands Behind Mike Huckabee.  Questions about the performance of former Arkansas Governor Mike Huckabee in syndication via Cumulus Media Networks were expected by analysts on yesterday’s conference call and when they were asked, Dickey strongly defended Huckabee – whose national program debuted in March – saying his team is doing an excellent job clearing the show and compares the venture to a “marathon.”  Dickey also said the company intends to sign more talent in the near future.  He told analysts that a lot of companies are locked in to current contracts with other syndicated programming so rolling out Huckabee (and Geraldo Rivera) will take time but, so far, he’s pleased with the results.

Herman Cain Takes to the Road on Fall “Truth Tour.”  Former presidential candidate Herman Cain – and heir to the nationally syndicated Neal Boortz show when Neal hangs up his headphones in January – will take to the road beginning September 5 in Iowa City for what he’s calling “The Truth Tour.”  It’s sponsored by Job Creators Solutions – an organization founded by Cain and Home Depot co-founder Bernie Marcus.  The tour is billed as “an aggressive 30-day, 30-city schedule of events that aims to provide Americans with facts, information and resources to help them in their decision making process before hitting the polls in November.”  Cain says, “Bernie Marcus and I both know first-hand how important it is to have the facts when making business decisions.  We also know it’s just as important for Americans to have the facts when making decisions that will impact our communities, businesses and our nation.  This is why I’m proud to join forces with Bernie for ‘The Truth Tour.’”  Herman Cain will begin his nationally syndicated radio show on January 21, 2013 – Inauguration Day – and will be a regular guest on the Neal Boortz show on Mondays and Fridays at 10:35 am ET and is his primary fill-in host.

WSCR and WBBM, Chicago Host “Business of Sports: Life After the Game.”  CBS Radio sports talk WSCR and all-news WBBM are hosting the Comcast Business Class Newsmakers “Business of Sports: Life after the Game” panel sponsored by MB Financial on Thursday, September 20, at the House of Blues in downtown Chicago.  CBS Radio says the event will consist of the biggest names in Chicago sports, discussing their success in the business world after playing.  Panelists will include: multi-sport star Bo Jackson, Chicago football great Gary Fencik, and “Miracle on Ice” star and former professional hockey player, Jack O’Callahan with more to be added.  The event will be hosted by 670 The Score’s morning drive team Mike Mulligan and Brian Hanley (pictured here).  WSCR program director Mitch Rosen says, “We are looking forward to hosting what will be an all-star event.  I think the Chicagoland consumer, specifically people interested in sports business, will enjoy the all-star panel we have put together.  With Bo Jackson headlining this event, it will be a great opportunity to hear his business ideas and philosophies.  Bo is one of the greatest stories in the sports industry and has numerous accomplishments as a two-sport professional athlete.  For sports fans and business people alike, this will be a can’t-miss event.”

Media Matters Gets into the Talk Radio Game.  The anti-conservative media organization Media Matters for America is hitching its wagon to a new talk show on the SiriusXM Left channel called “The Agenda Powered by Media Matters.”  The daily show is being hosted by Media Matters senior advisor and Fox News critic Ari Rabin-Havt and debuts Monday, August 13 from 9:00 pm to 12:00 midnight ET.  SiriusXM promotes the show saying, “Ari Rabin-Havt will lead the daily conversation of young influential progressive political insiders reviewing the day’s events and setting the tone for the next days’ news cycle. ‘The Agenda Powered by Media Matters’ will be a first-of-its-kind on-air meeting place where the new influencers of the progressive movement discuss the news of tomorrow in an informal setting that looks to inform, entertain, and engage.”

WBRP, Baton Rouge Names Clarence Buggs Midday Host.  Guaranty Broadcasting’s WBRP, Baton Rouge adds talk show host Clarence Buggs to the lineup as host of the 11:00 am to 1:00 pm program.  Buggs had worked in the market at Clear Channel’s crosstown WJBO.  Guaranty market manager Gordy Rush states, “We are thrilled about the addition of Clarence to our team.  We remain committed to being the news/talk leader in the Baton Rouge community with more live and local shows on Talk 107.3 FM than any other station in the greater Baton Rouge market.”

TALKERS Weekly Affiliate Roundup.  WAYY, Eau Claire, Wisconsin adds the third hour of WYD Media’s Michael Smerconish show…..WYM Media’s “Ring of Fire” with Mike Papantonio and Robert F. Kennedy, Jr. is added to the program schedule at WWRL, New York and WKKX, Wheeling…..“Free Talk Live” featuring Ian Freeman and Mark Edge is added to the program schedule at WNRI, Woonsocket, Rhode Island and KBJT, Fordyce, Arkansas…..WVKO, Columbus, Ohio adds the “Best of Bill Press” to its weekend schedule…..The “Motley Fool Money” show with Chris Hill adds WKBK-AM/FM, Keene, New Hampshire…..“The Money Pit Home Improvement Show” is picked up by: WRHL, Rochelle, Illinois; WFHR, Wisconsin Rapids, Wisconsin; WKUL, Cullman, Alabama; and WDIS, Norfolk, Massachusetts.

Presidential Campaign Ads Controversy Top News/Talk Story for Week of August 6-10.  The most-talked-about story on news/talk radio this week broke out from last week’s general discussion about the presidential campaign and the specific story of the controversial ads being run by organizations backing President Obama was the top story this week on the Talkers TenTM.  At #2 was the tepid economic data.  Following at #3 was neo-Nazi hate groups and the aftermath of the Sikh temple killings.  Coming in at #4 was the London Olympics.  The Talkers TenTM is a weekly chart of the top stories and people discussed on news/talk radio during the week, according to ongoing research from TALKERS and is published every Friday at Talkers.com. View this week’s entire chart here.

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Category: Front Page News, Industry News