Monday, October 30, 2017

| October 30, 2017

Beasley’s Q3 Pro Forma Net Revenue Flat.  Pro forma net revenue for the third quarter of 2017 was flat at $58.7 million, a comparison to the same period in 2016.  Actual third quarter numbers for Beasley Media Group show net revenue for the third quarter of 2017 at $58.9 million versus $27.7 million during the same period in 2016.  As the company points out, “On November 1, 2016, Beasley acquired 18 radio stations (net of divestitures) (‘the Greater Media stations’). The actual results presented herein reflect the Company’s legacy Beasley Broadcast Group broadcasting and digital operations and the results from the acquired Greater Media stations. On January 6, 2017 the Company completed the sale of WFNZ-AM and three Greater Media stations in Charlotte.  On May 1, 2017 the Company completed the sale of six stations in Greenville-New Bern-Jacksonville. The pro-forma results presented herein reflect the Company’s legacy Beasley Broadcast Group broadcasting and digital operations and the results from the Greater Media stations, excluding the aforementioned Charlotte and Greenville-New Bern-Jacksonville stations, as if the transaction had been completed on January 1, 2016.”  Beasley CEO Caroline Beasley comments, “The operating and financial benefits of the Greater Media transaction are becoming more visible as we continue making progress on our synergy realization and integration initiatives, which are focused on driving SOI margin expansion. Pro forma net revenues were flat compared to the prior year period, despite the non-recurrence of $0.6 million in political revenue, while we reduced pro forma station operating expenses by 5.2% or $2.3 million…Throughout the third quarter, we continued to actively manage our local radio broadcasting platform while implementing our operating disciplines at the acquired Greater Media stations.  We remain focused on strong local programming to support our goals of ratings and market leadership.  Revenue at Beasley’s combined clusters rose 0.1% in the third quarter, outperforming the overall markets, which declined 0.8% according to Miller Kaplan. Of particular note, our Detroit cluster generated double-digit revenue increases and our Philadelphia cluster rebounded from a transition-related revenue decline earlier this year to an increase of 1% in the third quarter.  These increases were offset by declines in our Tampa, Charlotte and Las Vegas clusters.”

John DePetro Leaves WADK, Remains on WNRI in Rhode Island.  Longtime Providence, Rhode Island talk show host John DePetro announces some changes to where his show can be heard in the Ocean State.  Since the beginning of the year – after exiting Cumulus Media’s WPRO-AM/WEAN-FM – DePetro has been heard on WADK, Newport.  Shortly thereafter, DePetro began airing his show on WNRI, Woonsocket.  Now, DePetro announces that he’s leaving WADK and expanding his program on WNRI.  He says his show will now air live from 11:00 am to 2:00 pm.  “The time change will allow me to pursue other projects I am working on. WNRI is 95.1 FM and AM 1380.  My sponsors are all happy and the listeners are excited.”

Emmis CEO Jeff Smulyan to Receive IBJ Award.  The annual Mike Carroll Award is bestowed by the Indianapolis Business Journal in honor of a community member who has demonstrated the qualities of determination, humility and devotion to the central Indiana community as exhibited by former Indy deputy mayor and civic leader Mike Carroll.   This year Emmis Communications founder, chairman and CEO Jeff Smulyan will receive the award at the IBJ’s upcoming “Engage Indiana” event on Friday, December 8.  IBJ publisher and president Greg Morris says, “Jeff Smulyan’s contributions to central Indiana extend far beyond what he has achieved at Emmis Communications.  He cares deeply about the community and as a result is always happy to help out organizations large and small.”

Hollins Named Research Director at Jacobs Media. Media research pro Jason Hollins is joining Jacobs Media as research director.  The company says that Hollins will work closely with Fred and Paul Jacobs to lead its expanding research initiatives in radio, digital media and beyond.  Hollins has spent his entire career with Edison Research, including 12 years as vice president.  Fred Jacobs states, “We are proud and excited to bring someone of Jason’s talent and experience to the Jacobs Media team.  He’s spent nearly two decades working in radio and media research, both broadcast and digital, and has been integral in helping a vast array of companies better understand their current consumers, as well as helping them stay ahead of the curve on emerging media.”

Mueller Investigation Charges/Clinton-DNC Funding of Russia Dossier; GOP Tax Reform Bill; North Korea Nuclear Threats; Spain-Catalan Independence Battle; Dodgers-Astros World Series; NCAA Football; and NFL Anthem Protests-Action Among Top News/Talk Stories Over the Weekend.  Special counsel investigator Robert Mueller announces filing of first charges in investigation into Russian attempts to influence the U.S. election and last week’s news that the Clinton campaign and the DNC funded the Trump-Russia dossier; the Republican tax reform bill; North Korea’s threats of nuclear attacks on the U.S.; Catalan’s declaration of independence from Spain; the Los Angeles Dodgers-Houston Astros World Series; Saturday’s college football action; and Sunday’s NFL anthem protests and the game action were some of the most-talked-about stories on news/talk radio over the weekend, according to ongoing research from TALKERS magazine.

An Oral History of Sex on Talk Radio.  This week’s edition of the award-winning PodcastOne series “Up Close and Far Out with Michael Harrison” is an information-packed sizzler.  Joining the TALKERS founder is notable spoken-word radio newcomer (and “romantic boutique” owner) Beth Liebling who hosts a truly groundbreaking, weekend sex talk show, “Love and Laughter with Beth” on, of all things, a sports station – ESPN 97.5 FM, Houston (KFNC owned by Gow Communications).  Actually, the podcast is built around a conversation between the two that took place on Liebling’s show where Harrison appeared as her guest this past weekend.  Harrison and Liebling talk with remarkable candor about the changing role of sex talk down through the decades on licensed broadcast media subject to FCC regulations.  They talk about changing community standards, taboo words, and the evolving societal attitude about sex as reflected on what has commonly been referred to as the “public airwaves.”  The conversation includes discussion of such names as Lenny BruceGeorge CarlinHoward SternLeslie GoldBill BalanceDr. Laura SchlessingerDr. Joy BrowneDr. Ruth WestheimerDr. Drew Pinsky, Dr. Daliah Wachs, and more.  Reflecting upon the podcast, Harrison says, “What Beth Liebling is doing on her little weekend show is indeed groundbreaking and, if nothing else, the radio industry should know about her.  We had a heck of a conversation!” To listen to the podcast in its entirety, please click here or click on the “Up Close and Far Out” player box located in the right-hand column on every page of Talkers.com.

Investigative Reporter and Former Talk Show Host Mark Shaw Weighs in on Released JFK Files.  Investigative reporter, author, and former radio talker Mark Shaw, author of the best-selling book about the untimely death of ‘50s/’60s media icon Dorothy KilgallenThe Reporter Who Knew Too Much: The Mysterious Death of What’s My Line TV Star and Media Icon Dorothy Kilgallen (Post Hill Press/Simon and Schuster, 2016), tells TALKERS founder Michael Harrison this morning (10/30) that he is disappointed at the limited information being made available by this first round of released government files containing information about the JFK assassination as it pertains to the widespread suspected connection to Kilgallen’s death.  In an audio conversation with Harrison, he discusses his findings, suspicions, and expectations.  According to Harrison, “Mark Shaw has done a fantastic job of digging into the story of one of the most important-but-largely-forgotten multi-media figures of 20th century talk radio and newspaper journalism – Dorothy Kilgallen. If there is the possibility of a cover up pertaining to the murder of JFK, you can be sure she had gotten to the bottom of it.”  To listen to the conversation between Harrison and Shaw, please click here.

 

 

Music Radio News and Career Moves.  Retired Topeka, Kansas radio personality Marlena Adkinson was inducted into the Kansas Association of Broadcasters Hall of Fame. Adkinson spent all 41 years of her career at Alpha Media’s country KTPK-FM. She has served in traffic, news, production, promotions, and programming.  At the time of her retirement in March, she was the production director and midday personality…..CBS RADIO is presenting an electric roster of New Year’s Eve weekend shows at The Cosmopolitan of Las Vegas.  Beginning Friday, December 29 and lasting into the early morning hours of 2018, the company will present four shows headlined by Foo Fighters, Duran Duran, and Zac Brown Band, with a special performance by Sir Rosevelt…..Beasley Media Group’s Charlotte stations – country WSOC, CHR WNKS “Kiss 95.1,” hip hop WPEG “Power 98,” urban contemporary WBAV “V 101.9,” classic hits WXRC/W234BY “94.7 SMOKE,” adult contemporary WKQC “K 104.7” – are partnering with Hendrick Automotive Group and Second Harvest Food Bank of Metrolina to host a massive food backpack collection on Saturday (11/4).  The event benefits local children in need of weekend meals.  Employees from the six Beasley Media Charlotte stations and Hendricks Automotive Group will come together to fill more than 1,000 backpacks with nutritious, easy-to-prepare and ready-to-eat, non-perishable food items for children who do not have regular access to food outside of school…..SiriusXM is preparing to launch eight commercial-free holiday music channels on Wednesday (11/1).  The channels will offer listeners a variety of traditional holiday songs, classical Christmas carols, country Christmas classics, contemporary holiday tunes, soul music, Hanukkah music and Latin seasonal music.

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Category: Front Page News, Industry News