Wednesday, November 2, 2016

| November 2, 2016

Beasley Broadcast Group Reports Q3 Net Revenue Up 5.6%; Caroline Beasley Named CEO.  Today’s third quarter financial report comes the day after Beasley Broadcast Group closed on its acquisition of Greater Media’s stations.  Beasley estimates that going forward, the acquisition will “more than double Beasley’s beasley-logorevenue base.”  This quarterly report reflects the operation of the 52 stations owned as of September 30.   Net revenue for the quarter was $27.7 million, an increase of 5.6% over the same period a year ago.  At the same time as this report is being released, the company announces that, effective January 1, 2017, B. Caroline Beasley will begin serving the company as CEO, removing the interim from her title.  Caroline Beasley takes over for her father, George Beasley, who’s been onbeasleycaroline medical leave.  He maintains his role as chairman of the board.  Also, Marie Tedesco, who presently serves as the company’s vice president of finance, will assume Caroline Beasley’s chief financial officer position, effective January 1, 2017.  Speaking about the Greater Media deal, Caroline Beasley says, “The transaction immediately and significantly broadens our local radio broadcasting and digital platform, tedescomariegeographic footprint and revenue base by adding leading stations and great brands that are complementary to our existing operating base, while presenting the opportunity for synergies with the company’s existing station portfolio.  Specifically, the transaction increases our broadcast portfolio by approximately 33% and more than doubles our audience reach as we enter four new markets with nine stations – Detroit; Middlesex, Monmouth, and Morristown, New Jersey – and adds nine other stations in Philadelphia and Boston where we already operate… Looking forward, we plan to apply our historical focus on strong core programming and targeted localism to the newly acquired stations as these strategies support strong ratings and market leadership.  While we’ll record initial contributions from the new stations in the fourth quarter, Beasley will realize the value of the transaction beginning in 2017 as we extract operating and cost synergies, enhance sales practices, and apply our proven operating disciplines.”

Porth Upped to PD at WPRT, Nashville.  Nashville sports talk duo WPRT “ESPN 102.5 The Game” and WBUZ-HD3/W235BW “94.9 The Game 2” names Ryan Porth program director for the stations.  Porth has been serving as wprtlogoassistant PD and rises with the recent departure of Jeremy BennefieldThe Cromwell Group general manager Jana Hampton states, “It’s great when you can hire from within.  Ryan Porth has exceeded expectations as the APD and has proven himself worthy of the elevated role.”  Porth comments, “There’s a lot of talent with our newly constructed weekday lineup on ‘102.5 The Game’ and I’m looking forward to being a part of the continued growth of our stations.”

WFNZ, Charlotte’s Jim Celania Retires from Sports Talker.  Nineteen-year WFNZ, Charlotte air personality Jim Celania retired from the station on Monday, telling the Charlotte Observer he doesn’t want to be one of “those macattack16lgguys” who hangs around too long.  The 67-year-old media pro tells the paper, “I’ve seen it in TV and in radio – those guys who hang around too long.  I didn’t want to be one of them.  That’s the truth.  It was time to get off the bus.”  Celania (pictured, left) retired the day before Entercom took control of the station under an LMA as it prepares to close on acquisition of the station from Beasley Broadcast Group.  Celania, who worked on several shows at the station over the years, most recently co-hosted “The Mac Attack” morning show with Chris McClain (center) and T-Bone (right).  He worked for WCNC-TV prior to joining WFNZ in 1999.

Galaxy Names Pam Levine Chief of Galaxy Events.  Recently Galaxy Communications announced the creation of a new division – Galaxy Events.  Now, we learn that Pam Levine – the wife and longtime business galaxycommunicationspartner of Galaxy Communications president and CEO Ed Levine is heading the division as president/CEO.  Ed Levine says, “Pam Levine started this division 10 years ago with a vision of what it could become.  A decade of many successful events later, the vision has become reality.  As we now expand across New York State and soon the entire country, this new title is overdue.”  Galaxy Communications owns 14 radio stations in Syracuse and Utica-Rome and also owns many of the area’s biggest community events including Wine and Chocolate Festivals, K-Rockathon, Taste of Syracuse and many more.

Odds & Sods.  WABC, New York personality Sid Rosenberg – co-host of the daily “Bernie & Sid” show – isrosenbergsid hosting the promotion “Sid, Sports, ‘n Stuff” at NYY Steak on West 51st Street in New York City on Monday, November 28.  The 7:00 pm event will consist of a night of sports, sports trivia, steak, guest athletes, special surprise guests, and prizes…..Digital audio service TuneIn is offering play-by-play of all of this season’s NBA games live via its TuneIn NBA station.  It will offer original shows such as “NBA Gametime,” “Open Court,” and “The Starters,” plus is partnering with the Golden State Warriors to launch the “Warriors Sound” radio station.  TuneIn is working with additional teams to create similar stations as a destination for free, unique, team-specific content to fans wherever they are…..SiriusXM is launching a new show hosted by Florida State golf coach Trey Jones on its SiriusXM PGA TOUR Radio channel.  The show is called “Beyond the Tips” and will feature co-host Jeff Cameron and Jones each Wednesday at 9:00 pm ET for an hour covering NCAA golf.

Rick Jakle Selling Three Signals to William Pollock.  Broadcaster (and banker) Rick Jakle is selling his three radio stations to William Pollock for an undisclosed sum.  The stations are: WRMN, Elgin, Illinois; WBIG, Aurora, Illinois; and KSHP, Las Vegas.  The move marks Jakle’s 50 years of serving the Elgin community.  Jakle comments, “The greatest privilege in my professional life was coming to WRMN as a young 24-year-oldjaklerick broadcaster in 1966.  I feel privileged to have had the opportunity to build and operate great local radio facilities and I am proud to have created and developed the Radio Shopping Show concept 34 years ago.  None of what we have accomplished would have been possible without my team of dedicated broadcasters.  If there’s any secret to our success — simply stated, it’s our remarkable people.”  William Pollack’s companies own radio stations in Missouri as well as TV stations in California and Louisiana. He also owns movie theaters in various markets.

The Presidential Race, Hillary Clinton Emails Investigation, U.S. House and Senate Races, U.S.-Philippines Relations, the World Series, and NFL Action Among Top News/Talk Stories Yesterday (11/1).  The presidential race between Donald Trump and Hillary Clinton; the FBI’s renewed investigation of Hillary Clinton’s private email server; the down-ticket races for U.S. House and Senate seats; the state of U.S.-Philippines relations as the result of Rodrigo Duterte’s mercurial behavior; the Cubs-Indians World Series; and the weekend’s NFL Action were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.


‘Too $hort’s Boombox’ at Popfest in LA.  The photo above captures the PodcastOne show “Too $hort’s Boombox” being recorded live last Saturday (10/29) at Entertainment Weekly’s Popfest in Downtown Los Angeles.  Also recording their PodcastOne show at the podcast stage on Saturday was “LadyGang,” hosted by the Insider’s Keltie Knight, Glee’s Becca Tobin and fashion designer Jac Vanek.  Pictured above are (from l-r): Bobby “Loco” Spencer, Leli Hernandez, Evelyn Gonzalez, Michael Rapaport and Too $hort.

Tags: , , , , , , , , , , , , , , , , , , , , , , , , ,

Category: Front Page News, Industry News