CBS RADIO Revenue Up 2%. When CBS Corp. announces its financial numbers, the focus is generally on television, its bread and butter. The corporation as a whole was down for the first quarter of 2014 – revenue dipped 2.27% compared to the same quarter a year ago on revenue of $3.86 billion – mostly as a result of CBS TV having had the 2013 Super Bowl and having two less NCAA Men’s Basketball Championship tournament games this year. Underneath it all, radio – part of the Local Broadcasting division that includes CBS TV O&O stations – was up 2% compared to the first quarter of 2013. During yesterday’s conference call with investors, CEO Les Moonves said the radio division “had a good quarter with steady revenue growth in each month along the way and another strong performance by our CBS Sports Radio Network.”
Entercom Q1 2014 Net Revenue Flat. Revenue for the first quarter of 2014 was flat at $78.2 million compared to the same quarter in 2013 for Entercom Communications Corp. In a statement by CEO David Field, he says, “I am pleased to report that free cash flow increased 19% for the quarter. First quarter revenue was up excluding the effect of our non-renewal of Boston Celtics radio broadcasts, despite the unusually challenging winter weather that impacted many of our markets. We are increasingly enthusiastic about the radio industry’s future growth outlook based on a number of recent developments, most notably the release of the Nielsen Catalina study which showed radio generating outstanding ROI results across 10 major national brands, significantly outperforming other competitive media.”
Darryl Parks Named SVP of Simply Money Media. The Cincinnati-based financial advice firm Simply Money airs an hour-long talk radio show on Clear Channel’s WKRC, Cincinnati nightly from 6:00 pm to 7:00 pm and when Darryl Parks was still the PD there, he was instrumental in improving the quality of the show, writes the Cincinnati Enquirer’s John Kiesewetter. Now, months after Parks’ VP of news talk operations position was eliminated by CC, Parks joins the financial firm founded by Nathan Bachrach and Ed Finke. Bachrach tells the paper Parks’ role is to “help us craft our message and work with all of our media partners – CNBC, The Enquirer, Fox 19 and Clear Channel.” Parks says, “While I had success doing radio in Cincinnati and other markets, future success will be defined by having expertise across all media. Simply Money Media allows me to use my skills in audio, but also the skills I had in television, digital and print.” Read Kiesewetter’s piece here.
Edison-Triton ‘Moms & Media 2014’ Spotlights Mobile Usage. The “Moms & Media 2014” data presented at the Thursday, May 8 webinar by Edison Research and Triton Digital was culled from the larger “Infinite Dial 2014” study presented by the firms in March. Much of what was presented was not surprising – but it put some hard numbers on what savvy media industry players already suspect. Primarily, it’s that “moms” – defined as a woman having a child under 18 living in her household – are very attached to their mobile devices and are relying on them more and more. Some stats: the majority of moms (59%) are 35+; 60% are employed either full or part time; and 69% own a smartphone (compared to 36% of moms who owned a smartphone in 2011). Some relevant stats for radio operators include: 30% of moms have ever listened to online radio (including AM/FM streams) using a smartphone through a car audio system; 56% have listened to online audio in the past month; and they averaged 12 hours and 4 minutes listening to online radio during the week previous to the study. Check out the slide presentation here.
Gender Analysis Study Released. The Mentoring and Inspiring Women in Radio Group (MIW) provides the data that is based on information from well over 11,000 AM and FM stations. According to the study, roughly 18% of those 11,000+ facilities had women general managers this past year, basically flat from 2012 (17.8% – 17.7%). By way of further comparison, it was 14.9% in 2004. Breaking it out by market size, 17.7% of managers in top 100 markets (virtually mirroring the entire sample) were female in 2013, versus 16.8% in 2012. Spokesperson Kay Olin notes that, “The MIWs have been analyzing and publishing gender numbers for the past 14 years. It is important to track the upward growth and impact of women’s leadership in radio. It is always encouraging to see the number of management opportunities grow. We all can make a difference through mentoring and nurturing future leadership.” For whatever reason, it is still easier to find female general managers than it is to locate women program directors. Figures from the past few years regarding women PDs remain fairly consistent – in the one in 10 range. The most recent numbers show females program 11% of all stations in the country; eight years ago, it was 10.7%. There is actually a bit of a year-to-year decline though when the numbers are separated in the top 100 markets only. Women in metros of that size could be found occupying programming chairs in 11% of cases in 2013, off from 11.8% in 2012.
McGavren Guild Names Quarm Dallas Region VP/DOS. Former Katz Radio Group senior account executive Julie Galley Quarm is appointed vice president/director of sales for McGavren Guild‘s Dallas office and will oversee all sales for the independent media rep firm’s clients in that part of the Lone Star State. President/chief executive officer Kevin Garrity declares, “This is a major hire for McGavren Guild and Genesis Media Holdings as we continue to build one of the strongest teams in radio sales. Julie is a very talented executive with great relationships and a stellar track record of developing new business. She will play an integral role in helping our client stations grow their revenue and share.” Quarm comments that, “Under the strong leadership of Kevin Garrity, McGavren Guild is a terrific company with a very bright future. It was an easy decision for me to be a part of the team that will grow key client relationships and develop new opportunities in the Dallas/Fort Worth region.” Prior to joining Katz Radio Group, Quarm was an Interep senior account executive; network account coordinator at Premiere Radio Networks; and senior scheduling coordinator at Nielsen Media Research.
McManus Seeing Major Fill-In Duty. San Antonio-based talk show host Adam McManus tells TALKERS he has been doing a ton of guest hosting lately. During spring break, he broadcast for Chris Krok on Cumulus-owned WBAP, Dallas in mid-March. Later that month he sat in for Joe Walsh on Salem Communications’ WIND, Chicago. In addition to a recent fill-in gig for KTSA, San Antonio’s Sean Rima, McManus has been hosting the morning drive show on KTSA after the tragic death of morning personality Trey Ware’s son Justin. Reach out to McManus at TalkRadioAdam@gmail.com.
Odds & Sods. WTAG, Worcester morning drive host Paul Westcott fills in this evening (5/9) on Premiere Networks‘ “America Now with Andy Dean.”…..At Rocking M Radio, Will Sterrett comes aboard to serve as corporate news director. He’ll work from home base country/farm KXXX, Colby, Kansas where he’ll also be news director. Sterrett was most recently an anchor at Cumulus Media’s news/talk KCMO, Kansas City…..The New York Daily News is reporting that Spero Dedes will not return as the voice of New York Knicks basketball on ESPN O&O WEPN-FM, New York. His contract was not renewed by MSG Network. He joined the Knicks in 2011 after working for the Los Angeles Lakers…..Joining the affiliate relations team at America’s Talk Radio Network is David Reeder. His previous experience includes managing the radio group Marsh Broadcasting and serving as VP/GM at USA Radio Network…..“America Tonight” personality Kate Delaney sits in for GCN-syndicated Jason Lewis on Monday, May 12.
TALKERS Weekly Affiliate Roundup. “Free Talk Live” featuring Ian Freeman and Mark Edge is added to the weekend program schedule at KMYC, Yuba City, California and KLID, Poplar Bluff, Missouri adds the weeknight edition of the program…..Genesis Communications Network-syndicated “America Tonight” with Kate Delaney is added to the program schedule at WQXL, Columbia, South Carolina.
Boomer & Pals Celebrate NFL Draft. A big party was thrown by WestwoodOne at Boomer Esiason’s Stadium Grill at Bowlmor Lanes in Times Square, New York City on Thursday evening prior to the beginning of the 2014 NFL Draft. In addition to serving as analyst on WestwoodOne’s coverage of Monday Night Football, Esiason is also morning drive co-host on CBS RADIO’s WFAN-AM/FM, New York alongside Craig Carton. Pictured here are (from left to right): Esiason, WestwoodOne sports announcers Scott Graham and James Lofton.
Climate Change/New Power Plant Regulations Top News/Talk Stories for Week of May 5-9. Stiffer power plant emissions regulations and the controversy over climate change were the two stories that tied for most-talked-about on news/talk radio during the week, landing atop the Talkers TenTM. Coming in at #2 was the Monica Lewinsky Vanity Fair article. At #3 was the potential 2016 presidential candidates tied with mid-term election chatter and following at #4 was the Boko Haram kidnappings. The Talkers TenTM is a weekly chart of the top stories and people discussed on news/talk radio during the week and is the result of ongoing research from TALKERS. It is published every Friday at Talkers.com. View the entire chart here.