Wednesday, April 22, 2015

| April 22, 2015

nielsen logoNielsen Announces Q1 Financials; Revenue Up 4.4%.  In announcing the numbers for the first quarter of 2015, Nielsen N.V. reports revenue was down 2.1% due to the impact of foreign exchange, but up 4.4% on a constant currency basis, compared to the first quarter of 2014.  CEO Mitch Barns states, “Nielsen’s first quarter results again illustrate the consistency of our business model and strong execution, with 4.4% total company and 10.0% emerging markets revenue growth on a constant currency basis.  These results reflect the 35th consecutive quarter of constant currency revenue growth.  In addition, we were pleased to raise our quarterly dividend 12%, as we continue to deliver on our commitment to drive ongoing shareholder value.”

rudymaxasworldSSI’s Bob and Mary Carey Host Rudy Maxa’s World Travel Show from Iceland.  Telling us that he guest hosts the program about every six weeks, Syndicated Solutions Inc. president Bob Carey says the latest show he co-hosted with his wife Mary was from the hot new destination – Iceland.  Carey’s company syndicates the “Rudy Maxa’s World” weekly travel show.  Among the things Carey discovered about the unlikely tourist destination of Iceland is that geothermal energy and technology make Iceland an ideal place to grow hothouse fruits and vegetables and that The Blue Lagoon geothermal health and wellness spa is becoming a popular destination for American and Canadian travelers who can get there in five hours from the East Coast of North America.

Odds & Sods.  WTOP, Washington Capitol Hill correspondent Dave McConnell was honored at the Capitol for his many decades of journalistic service.  McConnell was recognized by Congresswoman Eleanor Homes Nortonmcconnelldave by being entered into the Congressional Record.  Senate Majority Leader Mitch McConnell and Senator Mark Warner also delivered thank you speeches in his honor.  McConnell recently celebrated his 50th anniversary with the station.  McConnell can be heard live each weekday morning and afternoon, just steps from the House floor, in his hourly “Today on the Hill” segments…..CBS RADIO all-news KNX, Los Angeles will present a special program on the high cost of housing in Southern California on Thursday (4/23).  The station says that “not only can fewer people afford to buy a house, LA has become one of the most unaffordable rental markets in the country.  Add it up and it makes finding a place to live near your job unlikely and often prevents employers from attracting the most qualified candidates.”  The show will feature special expert guests and will be hosted by KNX anchor Tom Haule and chief investigative reporter Charles Feldman.

cumulus logoNo Performance Bonuses for Cumulus Media Executives This Year.  The Compensation Committee of Cumulus Media, Inc. awarded no annual incentive compensation nor long-term incentive awards to Cumulus executives in 2014, according to a Definitive Proxy Statement filed with the SEC.  The filing notes that the Compensation Committee would have the discretion to grant the applicable target award if “Cumulus achieved budgeted EBITDA goals, and satisfied other objectives related to managing costs, developing content, achieving gains in market share, as well as successes in strategic planning and implementation and optimizing financial liquidity.  In reviewing the performance and compensation levels of the executive officers for 2014 at the completion of that fiscal year, the Compensation Committee determined that the quantitative financial performance objectives were not met at the threshold level.  As a result, no annual incentive compensation was paid for 2014.”  The filing also reports that no equity incentive awards (stock) were granted either.  “In light of the size and timing of equity award grants to the named executive officers in 2013, which awards were made in October of that year, as well as data provided by Meridian Compensation Partners LLC with respect to the compensation of the executive officers, general industry conditions and actual Company performance in 2014, the Compensation Committee did not grant any long-term incentive awards to the executive officers in 2014.”  So, what did Cumulus officers make in 2014?  Here are a few of the numbers:  president and CEO Lew Dickey earned $1,456,000 in total compensation; SVP, treasurer and CFO Joseph Hanna earned $554,125; EVP of content and programming John Dickey earned $881,192; SVP secretary and general counsel Richard Denning earned $509,942; and recently retired EVP and co-COO Jon Pinch earned $757,851.

wachsKennedyRaising Awareness for Leukemia & Lymphoma Society.  Nationally syndicated talk show host Dr. Daliah Wachs (right) reports to TALKERS that she’s been assisting the Leukemia & Lymphoma Society with its spring campaign and was recently honored to work with six-year-old leukemia survivor Kennedy (left) as Dr. Wachs accompanied her to her first television interview on KSNV-TV.

Iran Nuclear Negotiations/Corker Bill, ObamaCare Subsidies Addressed by SCOTUS, 2016 Presidential Prospects, Baltimore Police Protests, Yemen Military Action, Ben Affleck ‘Roots’ Cover-Up Case, and Bryan Price Profanity-Laced Presser Among Top News/Talk Stories Yesterday (4/21).  The controversy over the Obama Administration’s role in negotiating a nuclear program with Iran and the bill drafted by Senator Bob Corker that would give Congress the ability to approve or disapprove the final deal; the case before the Supreme Court challenging the legality of health care subsidies as provided by the Affordable Care Act; the potential candidates for president in 2016; the protests against the Baltimore police after the death of Freddie Gray while in police custody; the ongoing Saudi strikes in Yemen and the U.S.’ naval presence in the region; chatter about Ben Affleck’s plea to leave his ancestor’s history of slave ownership out of the “Finding Your Roots” program; and Reds manager Bryan Price’s dropping of 77 f-bombs in a post-game press conference were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS.

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Category: Front Page News, Industry News