Wednesday, August 8, 2018

| August 8, 2018

Entercom Q2: “Great Progress.” Owing to the addition of CBS Radio, Entercom Communications’ second-quarter net revenue jumped, but fell on a same-station basis. Revenue nearly tripled from $125 million to $372.1 million; however, on a same-station basis, it decreased from $405.7 million to $372.1 million. Meanwhile, net income dropped from $6.4 million to $1.6 million. Entercom president and chief executive officer David Field notes, “We have made great progress across multiple fronts as we continue our work to capitalize on our transformational merger. We have signed a definitive agreement with Bonneville to complete our last required station divestitures; successfully launched the Entercom Audio Network with strong early revenues; terminated our painful relationship with United States Traffic Network; achieved rapid growth on our burgeoning Radio.com platform; and delivered a 5% reduction in Q2 expenses as we realize our merger-related synergies. Second-quarter revenues were down 8%, exacerbated by the loss of $12 million in revenues from USTN, but revenue performance is improving. We are currently pacing down 2% in the third-quarter, excluding the impact of USTN. For the fourth quarter, we are pacing up 3% on an unadjusted basis. I am proud of the outstanding team we have built and the terrific work they are doing to capitalize on our abundant scale-driven opportunities.”

Local Nielsen Media Impact Debuts. The planning system allows users to understand cross-media reach, frequency, and duplication on a local scale using advanced audience segments from Nielsen Scarborough. In addition, it enables advertisers, agencies, and media owners to reach their desired audience in the country’s 25 “Local People Meter” (LPM) Designated Market Areas (DMAs). Local Nielsen Media Impact is built with respondent level data to allow in-depth cross-platform analyses for both local television and radio separately, as well as TV and radio together. Beasley Media Group vice president of sales Bob McCurdy comments, “Local Nielsen Media Impact offers empirical data supporting radio’s ability to amplify and complement TV campaigns. This is the first time radio is included in this type of multi-channel media mix that enables users to derive cross media insights with currency grade accuracy. Nielsen Scarborough data within the NMI solution allows us to assess campaign scenarios against consumer insights.” According to Nielsen vice president of product leadership Jay Nielsen, “Local Nielsen Media Impact offers a unique lens to the industry, enabling effective decision-making about where and when to engage audiences with content and advertising on local levels. Similar to the solution clients have widely adopted on the national level, this local solution unlocks access to new insights on media allocation and schedule optimization to better reach a cross platform-based audience.”

Q2: Townsquare Media “Exceeds Previously Issued Guidance.” Second-quarter net revenue for Townsquare Media rose 1.9% to $11.96 million. Owing to the divestiture of North American Midway Entertainment, however, net income decreased by 70.6% to $1.6 million; net income from continuing operations improved 29.2% to $10.1 million. Co-chief executive officer Bill Wilson remarks, “Our second-quarter financial results exceeded our previously issued guidance, continuing the momentum we experienced in the first-quarter of the year. In the first six months of 2018, net revenue increased 2.6%, and 2.2% excluding political revenue; Adjusted EBITDA increased 6.6%. Our second-quarter and year-to-date revenue growth was primarily the result of continued stability in our broadcast products and strong revenue growth of our digital solutions.” Co-CEO Dhruv Prasad notes, “Through internal reorganization and the divestiture of North American Midway Entertainment, we have concluded the strategic reset that we initiated in late-2017 and have largely reoriented the company towards the stability, profitable growth, and cash generation of the advertising, marketing solutions, and live events businesses in our local market footprint. Our strong performance in the first half of this year reinforces that this was the right strategy, and we remain committed to this plan moving forward.”

Rush Limbaugh’s Impact on Radio and America Examined by News Site, Who. What. Why. (whowhatwhy.org)  Veteran talk radio programmer and executive Jeff Schechtman of Napa Broadcasting interviews TALKERS founder Michael Harrison about Rush Limbaugh and the state of talk radio for this week’s WhoWhatWhy.org podcast.  It is part of an article titled “The Mouth that Roared – How Rush Limbaugh Changed America” posted yesterday (8/7) marking the milestone of the talk radio superstar’s syndicated radio show reaching its 30th anniversary last week.  Schechtman and Harrison discuss the impact of the repeal of the Fairness Doctrine in 1987, Limbaugh’s major contributions to the rise of news/talk radio, how talk radio has changed over the decades, the driving factors behind those changes, the influence of the video screen on communications devices, and the general future of talk media.  To read the article and listen to the podcast, please click here .

Making Music Great Again.  It seems the talented Mike Gallagher isn’t the only member of the Salem roster of talk show hosts blessed with extraordinary gifts as a musical entertainer.  These two super-suave lounge lizards pictured above are none other than Salem Radio Network host Larry Elder (left) and WNYM (“AM 970 The Answer”), New York morning man Joe Piscopo (right).  The two are off-air buds and like hanging out together when they find themselves on the same coast.  This bit of show biz magic was captured last night (8/7) as the two serenaded thrilled diners at Vitello’s, a swingin’ hot spot in Studio City, California.  The song they were performing – Louis Armstrong’s classic, “What a Wonderful World.”

Sinclair Q2 Revenue Up 11.9%. While stats for its Seattle radio properties (KOMO “News Radio 1000 & 97.7, KVI “Talk Radio 570,” and hot AC KPLZ “Star 101.5) are not broken out in its earnings release, Sinclair Broadcast Group saw second-quarter revenue increase 11.9% year-to-year to $730.1 million; net income attributable to the company fell from $44.6 million to $28 million. Regarding the pending acquisition of Tribune Media Company, Sinclair president and chief executive officer Chris Ripley states, “We are working with them to analyze approaches to the regulatory process that are in the best interest of our companies, employees, and shareholders.” In terms of Q2 results, Ripley notes, “[They] came in well ahead of guidance in all key financial metrics, and we expect the second half of the year to continue to be robust, underlined by increasing distribution revenues and strong political advertising spend. This year’s mid-term elections are expected by many to have the most spending in U.S. history with broadcast television a primary beneficiary.”

Urban One Second-Quarter Net Revenue Down 2.1%. The year-to-year total slips to $115.2 million although broadcast and digital operating income is up 6.1% to $44.3 million. Overall operating income doubles to $24.8 million and net income improves from $802,000 to $23.6 million. Attributed to results in Atlanta, Philadelphia, St. Louis, and Raleigh, radio advertising fell 6% to $52 million. There was radio growth, however, in Dallas, Washington (D.C.), and Cleveland. Digital advertising, cable TV advertising, and event revenues are all off, as well; cable TV affiliate fees saw increases. Keeping pace with 2017, Tom Joyner’s 19th “Fantastic Voyage” took place in the second-quarter and generated $9.4 million. Company president and chief executive officer Alfred C. Liggins, III remarks, “Our Q2 radio performance was in line with expectation. After a tough April, the quarter improved sequentially, and we are currently pacing approximately flat for third-quarter. We are launching a new network in January 2019 that will target African-American females and feature lifestyle and entertainment programming. The addition of a second network will help us continue to grow our TV business in the longer term, and has great potential synergy with our existing platform. Our digital segment came in below expectation for Q2, but has had a very strong start to third quarter and we remain optimistic for the back half of the year.”

Lotus Acquires Scripps Stations in Tucson and Boise. Eight stations are involved in the $8 million transaction between (buyer) Lotus Communications and (seller) The E.W. Scripps Company. Lotus president Jim Kalmenson remarks, “We are looking forward to getting to know the many talented professionals at these Scripps radio stations. Both companies share a genuine passion for producing excellent local radio and serving the public.” Scripps president and chief executive officer Adam Symson adds, “Lotus Communications’ commitment to serving local communities – with a focus on western region markets in particular – makes it a natural fit to run the Tucson and Boise stations. This deal sets up the stations for continued success.” In Tucson, Lotus picks up and will keep adult contemporary KMXZ “94.9 “Mix FM” and sports talk KFFN “ESPN Tucson,” but will spin urban-rhythmic oldies KTGV “106.3 The Groove” and news/talk KQTH. Its Boise acquisitions include classic rock KJOT “J-105”; rock KQXR “100.3 – The X”; triple A KRVB “94.9 The River”; and classic hits KTHI “107.1 K-Hits.”

TALKERS News Notes. Longtime New York City (WMCA, WINS, WCBS-AM) newscaster and talk host Ralph Howard has died. According to Salem Radio Network vice president of news & talk programming Tom Tradup, “Ralph personified New York City – vibrant, charming, a little edgy, and nonstop energy; I will miss him greatly.” Tradup produced “Ralph & Ryan” on WMCA in the early-1980s; “Ryan” was longtime NBC-TV newsman Bill Ryan. In addition to New York City credentials, Howard worked in Chicago at WIND, WBBM-AM, and WCFL, as well as for The Associated Press and ABC Radio. Until he retired in May 2013, he was a news anchor for Howard Stern, hosting “Howard’s World,” covering Stern’s SiriusXM exploits. This Sunday (8/12) at 3:00 pm, a celebration of Ralph Howard’s life will be observed at New York City’s Riverside Chapel; Howard was 76 years old ….. Alpha Media Portland’s KXL “FM News 101” adds Envision Networks’ two-hour Nik Miles-hosted “Our Auto Expert” to its Sunday afternoon lineup (2:00 pm – 4:00 pm). Alpha Media executive vice president of programming Scott Mahalick remarks, “When it comes to personality and compelling automotive talk, nobody does it better than Nik Miles. We are excited to share ‘Our Auto Expert’ with the world as part of our commitment to bring the best live & local programming to our listener community.” KXL operations manager Bruce Collins notes, “Nobody knows more about the auto industry than Nik. He is both informative and entertaining – we welcome Nik and his show to KXL.” Miles adds, “I am so excited be working with the country’s most forward-thinkers in radio. Being live and local every week gives listeners an opportunity to be the first to hear about groundbreaking automotive stories and stay informed.” ….. The former general manager of Ohana Media Group’s six Anchorage (Alaska) stations – Tom Oakes – is named operations manager for Scripps Radio’s five-station Springfield, Missouri cluster, which consists of KTTS “94.7 Country’s Best”; CHR KSPW “Power 96.5”; adult hits KRVI “106.7 The River”; and KSGF AM & FM “News/Talk 1260 & 104.1.” In addition, he will be the program director of KTTS. Springfield Operations vice president and general manager Rex Hansen notes, “Tom Oakes brings years of experience in all formats we operate here in Springfield. Our listeners, team, and advertisers will benefit greatly from his expertise. His coaching skills will make a difference for our air staff immediately.” Oakes remarks, “A busy fall lies ahead as we prepare for not only the next ratings sweep, but continue to work with our on-going projects, promotions and programming needs across the entire cluster.” Oakes previously was vice president of programming for  Ohana’s 11 stations in Alaska and Oregon; worked for New Northwest Broadcasters in a variety of upper-management roles with their stations in Alaska, Montana, Oregon, and Washington; and has experience in Omaha, Madison, and South Bend (Indiana) ….. The annual Public Radio Program Directors (PRPD) content conference will be held later this month (8/20 – 8/23) at Austin’s Hyatt Regency Hotel. “Pixels and Place” author Kate O’Neill will be a keynote speaker. PRPD is the only national gathering devoted solely to public radio content and programming and this year’s conference, “will be the most format-inclusive in the organization’s history. As every public radio station grapples with consumption, relevance and sustainability, the PRPD is committed to creating a setting where content leaders can learn, network and advance their careers.” ….. Owing to a strategy change regarding original podcasts, Amazon’s Audible Originals senior vice president of original content development Eric Nuzum is departing. The former NPR executive made the announcement in an email earlier this week. Several other Audible Originals staffers – including the entire unit responsible for original spoken-word podcast content – are also exiting, according to published reports. After releasing high-profile shows in its short existence, Audible Originals has more recently shifted to signing major authors to audiobook-first deals.

Round Two of July 2018 PPM Data Released. The second of four rounds of ratings information from Nielsen Audio’s July 2018 PPM survey has been released for 12 markets, including Washington (D.C), Boston, Miami, Detroit, Seattle, Phoenix, Minneapolis, San Diego, Denver, Tampa, Baltimore, and St. Louis. Nielsen Audio’s July 2018 survey period covered June 21 – July 18. See all the 6+ numbers from subscribing stations here.

TEGNA Releases Q2 Financials. The former television division of Gannett, Virginia-based TEGNA, reports that its second-quarter net income from continuing operations was up 87.8% to $92.5 million. “Subscription,” which is the company’s term for television retransmission consent revenue, was up 16%. President/CEO Dave Lougee notes, “Our progress in the quarter gives us confidence that our growth strategy is on track. Our business mix continues to evolve toward predictable and profitable subscription-based revenue streams. Contrary to conventional wisdom, our paid subscriber base is very stable, and in fact, our total number of paid subscribers was up year-over-year for the first time in recent years.” TEGNA owns or operates 47 TV stations in 39 markets. Results for its San Diego radio properties, news/talk KFMB-AM “AM 760 Talk & Breaking News” and rock KFMB-FM “100.7 KFM-BFM,” are not broken out in its earnings releases. The company completed its acquisition of KFMB-AM, KFMB-FM, and KFMB-TV from Midwest Television six months ago for a reported $325 million.

Ohio Special Election/Primaries, Manafort Trial/Gates Testimony, California Wildfire and the Environment, Trump China Tariffs, Alex Jones/InfoWars Banned by YouTube and Facebook, and MLB Action Among Top News/Talk Stories Discussed Yesterday (8/6). The cliffhanger special election in Ohio and key primaries in several states, the trial of former Donald Trump campaign manager Paul Manafort highlighted by the damaging testimony of Rick Gates; the deadly California wildfire and its connection to the environment; Alex Jones and InfoWars being dropped by several major social media platforms and MLB action were some of the most-talked-about stories on news/talk radio yesterday (8/7), according to ongoing research from TALKERS magazine.

 

 

Music Radio News and Career Moves. Co-host of “The Bob & Tom Show” – Tom Griswold – will host two evenings of live comedy featuring Greg Hahn, Pat Godwin, and Josh Arnold one week from Friday (8/17) at Indianapolis’ Irving Theater and the following night (8/18) at Lafayette, Indiana’s Lafayette Theater. All proceeds from both shows will go to The Nora Dane Fund, which helps defray the costs of medical treatment and related expenses for two-year-old Nora Dane, who is being treated for a rare, aggressive malignant brain tumor. Griswold states, “Three of my favorite comedians are stepping up to help little Nora. I promise a great night of comedy to support the amazing efforts being made to help this wonderful little girl.” Preferred seating tickets for each show are $75 and include early access to the venue; a meet-and-greet with the featured talent; a photo; VIP laminate; and choice of seating. Griswold and co-host Bob Kevoian originate their Westwood One syndicated show from Cumulus Media Indianapolis flagship WFBQ “Q-95 Indy’s Classic Rock.” ….. In honor of mid-day talent Pat Martin’s 30th anniversary with Entercom Sacramento’s KRXQ “98 Rock,” The Pat Martin All-Star Band will perform tonight (Wednesday, 8/8, 8:00 pm – 10:00 pm) as part of a free concert at Folsom, California’s Powerhouse Pub. Guest band members Jeff Keith from Tesla, composer Robert Sabino, and UFO’s “Atomik” Tommy McClendon are among others scheduled to appear. Martin currently fronts the longest consecutive running radio show in Sacramento history ….. As part of an exclusive long-term partnership with Saga Communications, Mediabase and BuzzAngle Music will provide Saga with comprehensive music listening and consumption data for more than 130 radio stations nationwide. Saga Communications vice president of programming Bob Lawrence comments, “Mediabase and BuzzAngle have proven to be essential tools for our many markets and programmers over the years. When presented with the opportunity to put them in our arsenal on a group-wide level, we simply could not resist.” Mediabase president and RCS Worldwide president/CEO Philippe Generali remarks, “We couldn’t be more thrilled to be chosen by the very talented programming team at Saga Communications. This partnership will expand the list of markets covered by Mediabase and complement it with the BuzzAngle sales and streaming data for all Saga stations.” Meanwhile, Jim Lidestri, chief executive officer of Border City Media, the makers of BuzzAngle Music, adds, “Mediabase’s airplay monitoring and BuzzAngle’s extensive consumer analytics is a powerful combination for programmers. We are delighted to partner with Saga to give them the most comprehensive tools to connect with – and engage – their listeners through music.” ….. Tickets go on sale this Friday (8/10) for Stephens Media Group Tulsa alternative KMYZ “Z-104.5 The Edge,”-sponsored “The Edge Halloween Haunt.” The October 31 event will feature The Struts, Meg Myers, and Albert Hammond, Jr. ….. After a four-year hiatus, Corey Garrison will return to Binnie Media Portland, Maine country outlet WTHT “99.9 The Wolf” later this month (8/20) as music director and afternoon driver. Operations manager Stan Bennett notes, “Corey has a great passion for country music. I could not be happier to see him return home and help an already veteran team keep ‘The Wolf’ Maine’s most-listened to country station.” Prior to working for three Blueberry Broadcasting stations in Lewistown-Augusta-Bangor, Maine (WABK, WBAK, and WBKA), Garrison was assistant program director/music director/afternoon talent at “The Wolf” (2007-2014). He takes over for J.C. Coffey, who left WTHT late last month ….. This past Saturday (8/4), 24-year-old Eric Manias was a victim of a home invasion at his New Albany (Ohio) apartment. Manias is a family member of Digi-Dude Nate, who is part of “Bailey and Southside,” the morning team on Cumulus Media Atlanta’s WNNX “Rock 100.5.” Manias was shot twice, beaten, and robbed. Transported to Grant Hospital, he is in critical condition with a fractured jaw and arm; broken hip; and numerous cuts and bruises; he’s had four surgeries thus far. Manias was born with pulmonary atresia, a heart disease in which the pulmonary valve is not properly formed. Shortly after his birth, he had three open-heart procedures. As of noon yesterday (8/7), a fund to help with his medical bills raised more than $5,700 toward a $10,000 goal ….. WOCQ-HD2 “Kool Oldies,” Salisbury-Ocean City (Maryland); WQTL “Kool Oldies 106.1,” Tallahassee (Florida); and KWML “Kool Oldies,” Las Cruces (New Mexico) are the latest affiliates of Envision Networks’Wolfman Jack Radio Show.” All three are Adams Radio Group properties. Its president & chief executive officer Ron Stone states, “We are thrilled to bring ‘The Wolfman’ back in our markets where we have great oldies stations playing the best music of all time. We believe the audience our oldies stations target are going to fall in love with ‘The Wolfman’ all over again.”

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