Friday, October 27, 2017

| October 27, 2017

iHeartMedia and Debt Holders Continue to Negotiate But Differences Remain.  The biggest hurdle in resolving the massive debt that iHeartMedia is shouldering is that the group of lenders led by Franklin Resources is seeking a pre-packaged bankruptcy that would leave senior bondholders and term loan lenders with the bulk of the shares of the radio and outdoor businesses.  But, iHM wants to restructure about $15.5 billion of the $20 billion of debt out of court.  iHM’s counter-offer reportedly includes about 50% equity in iHeartMedia and an even greater stake in Clear Channel Outdoor, but no “pre-pack.”  The New York Post reports that “one person close to the talks said, with the current proposal not being well received, there is a 75 percent chance of a court-supervised restructuring.”   The Wall Street Journal says that where the two sides are in agreement is that senior creditors holding some $12.8 billion in priority guarantee notes and term loans would receive between $6 billion and $7 billion in new secured notes.

CBS News Radio Reveals New Programming at First-Ever Upfront Presentation.  This is the first upfront presentation – taking place at the CBS Broadcast Center in NYC – by CBS News Radio to advertising executives and it includes the unveiling of new original news, finance and entertainment programming.   Among the new offerings that will launch on January 1, 2018 are: daily one-minute features from CBS Television programs “Entertainment Tonight,” “Inside Edition,” “The Doctors,” “Dr. Phil,” and “Rachael Ray”; a daily one-minute feature and a two-hour weekend show hosted by CBS News business analyst Jill Schlesinger called “Jill on Money”; a  one-minute feature and two-hour weekend show produced by veterans for veterans and their families called “Eye on Veterans”; and a new 90-second commentary from Dave Ross.  CBS News CFO Charles Pavlounis comments, “We’re excited to share these new and exclusive program offerings, as well as our continuing lineup of original reporting with our colleagues in the advertising community and our affiliate stations.  These programs allow our affiliated stations to deliver original, engaging content to their dedicated listeners, while our clients are able to gain maximum exposure for their messages on news, talk and music formats around the country.”  “Welcome Home” is the theme of the upfront event that is being co-hosted with Skyview Networks, the distribution, inventory management and sales partner of CBS News Radio.

Townsquare Media Signs Kevin Miller to Four-Year Extension. Talk radio pro Kevin Miller will continue serving as brand manager and morning drive personality at Townsquare Media’s KIDO, Boise for the next four years after signing a contract renewal with the station.   The station says, “For Miller, radio is community, using his daily show and digital platform to find solutions for the many Treasure Valley community needs.  He’s been known to go ‘all in’ on issues dear to his heart, including a week-long, live-in fundraising campaign for the Canyon County Animal Shelter when it faced the threat of closure. The ‘Kevin In the Kennel’ live broadcast was nationally recognized by Rachael Ray and the ASPCA, resulting in a $25,000 donation to save the shelter and thousands in pet adoptions.”  Townsquare SVP Kevin Godwin comments, “Kevin Miller epitomizes what we look for in live and local talent. His work ethic, his commitment to providing quality local content to our audience and his ability to connect to those things most important to the community is second to none.  The extraordinary current political, financial and cultural events of the time demand experience and a greater commitment to our listeners, advertisers, and the business community at large. I’m certain Kevin and ‘KIDO Talk Radio’ will continue to deliver on that commitment.”

Bob Ramsey Returns to St. Louis Airwaves on KTRS.  The St. Louis Post-Dispatch’s Dan Caesar reports that market sports media figure Bob Ramsey is returning to the radio after an absence of about 18 months.  He’s joining the KTRS evening show hosted by sports director Brendan Wiese.  It airs from 6:30 pm to 9:00 pm and Ramsey is expected to be a co-host “two or three times a week.”  Post-Dispatch sports columnist Ben Frederickson is also joining the program.   Caesar reports that Ramsey has been working with crosstown KFNS owner Randy Markel as a “point man for a youth baseball complex…Markel is trying to develop near the Lake of the Ozarks.”  Read the Post-Dispatch piece here.

TALKERS News Notes.  The Sporting NewsMichael McCarthy is reporting that there are more job cuts on the horizon for ESPN – including the radio division – and the reason is the need for cost-cutting.  McCarthy’s report says between 40 and 60 positions could be eliminated in late November or early December and that they could be both on-air TV/radio people and production staffers…..Legendary sports media figure Dan Patrick is getting his name on an institute of higher learning, specifically, his partnership with Full Sail University in Winter Park, Florida will open the Dan Patrick School of Sportscasting at the college.  Through the school, students will be able to earn undergraduate bachelor degrees.  The FOX Sports Radio and NBC Sports personality consummated the deal via his agents at Playbook, Inc.  Patrick is expected to call on his numerous contacts in the industry to participate in guest teaching roles…..Jacobs Media’s Seth Resler is launching a new podcast dedicated to the renaissance of Detroit titled, “The D Brief.”  With co-host and local stand-up comic Mike Geeter, Resler will focus on the arts and entertainment scene, covering everything from concerts to comedy to film, festivals, food and drink.  Fred Jacobs comments, “When Seth first moved to Detroit to join Jacobs Media, he took a six-month lease.  He never envisioned living here permanently, but fell in love with Detroit.  He’s been a podcaster since the early days, and marrying his passion for the Motor City with his podcasting skills is a perfect match.”

Trump Tax Cuts Top News/Talk Story for Week of October 23-27.  The tax reform proposal from the Trump Administration and the GOP was the most-talked-about story on news/talk radio this week, landing atop the Talkers TenTM.  At #2 this week was the Clinton campaign and DNC funded Trump-Russia dossier story.  Coming in at #3 was the variety of sexual harassment accusations being leveled against various public figures, followed by the Obama Adminstration’s deal with Russia-backed Uranium One at #4.  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 magazine.  It is published every Friday at Talkers.com.  View this week’s entire chart here.

 

 

Music Radio News and Career Moves.  Boston triple A WXRV “The River” names Massachusetts native Annalisa its new afternoon drive host.  Annalisa previously spent 20 years in the Bay Area hosting the midday show at Cumulus Media’s triple A KFOG.  In the Boston market, she’s also served with rock WAAF and hosted the morning show at classic rock WZLX.  WXRV general manager Donald St. Sauveur states, “Annalisa’s such a wonderful talent and a passionate professional.  She has an encyclopedic knowledge of the thousands of artists and bands that ‘The River’ features on a daily basis.  She shares stories about the songs that are the soundtrack of our audience’s lives in an irreverent and witty way that’s authentic and approachable.”…..Rock KISW, Seattle is presenting its third annual “Live Day” at the Emerald Queen Casino in Tacoma on November 16.  On this “Live Day,” both the morning drive “BJ & Migs” and the PM drive “The Men’s Room” will be performed completely live – nothing at all will be recorded – commercials, sound effects, nor music.  The show hosts will be assisted by a cast of local musicians, Foley artists (the ones who make sound effects), and comedians.  Entercom Seattle VP, programming and operations Dave Richards states, “Doing two full shows completely live clearly wasn’t enough of a challenge for KISW.  This year, we’ll take ‘Live Day’ to a full stage production in front of a live audience.”…..Beasley Media Group announces Gregory Simonson is named the general sales manager for the company’s Fayetteville, North Carolina cluster that includes: adult contemporary WAZZ, country WKML, urban contemporary WZFX, rhythmic oldies WUKS, and adult hits WFLB.  Most recently, Simonson has been Southeast regional VP at Inc.’s iAd division…..Milwaukee’s hot AC WMYX “99.1 The Mix” hopes to cheer up Green Bay Packers quarterback Aaron Rodgers – out for the season nursing a broken collarbone – by getting fans to sign the banner you see at left being held by morning show hosts Elizabeth and Radar…..WAY Media Network program director Todd Stach announces that Steve Shore is named network music director.  Shore is a WAY Media and Christian music radio industry pro, having served in various roles at WAY-FM for the past 15 years.  He will continue his role as assistant network program director while adding music director duties.

Freddie ‘Boom Boom’ Cannon on KTHO, Lake Tahoe.  Rock ‘n’ roll legend Freddy “Boom Boom” Cannon (right) is pictured in the studios of KTHO, South Lake Tahoe, California with the station’s Insane Darryll Wayne (left).  Wayne says, “Freddy’s latest single, ‘Svengoolie Stomp is fangtastic!  Boom Boom’s stories of Elvis, Frank, Led Zeppelin, and of course MeTV Horror host Svengoolie, lit up our airwaves.  Freddy ‘Boom Boom’ Cannon, creeps it real.”

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Category: Front Page News, Industry News