Tuesday, April 23, 2019

| April 23, 2019

Entercom Files with SEC to Announce $300 Million Refinance. In the filing with the Securities Exchange Commission, Entercom announces that subsidiary Entercom Media Corp. – the former CBS RADIO stations – is offering $300 million in aggregate principal amount of senior secured second-lien notes due 2027.  The company says it will use the net proceeds from the offering, cash on hand, and availability under its revolving credit facility to partially repay existing indebtedness under its senior secured term loan facility.  Also contained in the filing is preliminary operating results for the first quarter of 2019.  It reports net income should be between $1.3 million and $5.3 million, and adjusted EBITDA to be between $41.7 million and $43.7 million.  Entercom also says pacings for the second quarter of 2019 are up by more than 4% as of April 18, 2019 compared to the same period in the second quarter of 2018. During the first quarter of 2018, the company completed asset sales that generated $24.5 million in net cash proceeds. It used the proceeds, along with existing cash on hand, to repay $180 million in borrowings under its revolving credit facility.

New Myrtle Beach News/Talk Station to Launch on May 6. The station that is currently
adult contemporary WYEZ “94.5 The Tide” is flipping to news/talk with new calls WTKN as “Talk 94.5′ on May 6. The Byrne Acquisition Group station is bringing market radio personality Liz Callaway – formerly with Dick Broadcasting’s crosstown news/talk WRNN-FM – to host the morning show.  The rest of the lineup will include Premiere NetworksGlenn Beck; Salem Radio Network’s Dennis Prager, Sebastian Gorka, and Larry Elder; and Westwood One’s Ben Shapiro and the overnight “Red Eye Radio” show.

KKFN, Denver Names Nick Ferguson Host of Late Morning Show. On-air changes are taking place at Bonneville’s sports talk KKFN, Denver “Sports Radio 104.3 The Fan.” The late morning “Pritchard and Cecil” show is giving way to a new show hosted by former Denver Broncos safety Nick Ferguson.  “The Safety Blitz with Nick Ferguson” will feature current on-air staffer John Davis as co-host.  Meanwhile, Cecil Lammey will remain with the station as digital talent in which he’ll focus on creating content for 1043TheFan.com and the station’s social media platforms.  Mike Pritchard will continue as a fill-in host, allowing him to focus on his own small business.  KKFN program director Raj Sharan says, “Nick is an absolute ball of energy that Broncos Country is going to fall in love with.  In his playing days with the Broncos, he would interact with fans and teammates while stretching at training camp.  He called it ‘The Nick Ferguson Show,’ and it was often the most entertaining time of practice.  Nick’s time as a recent NFL coach and former Broncos player combined with his incredible charisma makes him an extremely unique and valuable addition to our team.”

Premiere Networks Promotes Rush Limbaugh Show’s George Prayias. Digital pro George Prayias is promoted to vice president of digital for “The Rush Limbaugh Show.”  Prayias is based in New York where he reports to Premiere Networks president Julie Talbott.  She comments, “This is a well-deserved promotion.  George has been a valuable member of ‘The Rush Limbaugh Show’ team for nearly 20 years.  His vision and leadership have been instrumental to the continued growth and success of Rush’s digital business and helping maintain the award-wining program’s industry-leading status.”  The company says Prayias started his career with Premiere in 2000 when he conceived and launched the original website for the program.  Prior to joining Premiere, Prayias spent close to a decade in television and was one of the original producers at FOX News Channel.  He first met Limbaugh as a member of the production staff on the syndicated “Rush Limbaugh, The Television Show.”

Christopher “Mad Dog” Russo Inks Extension with SiriusXM. Sports media personality Christopher “Mad Dog” Russo signs a new, four-year deal with SiriusXM to continue leading his Mad Dog Sports Radio channel on the satellite radio service.  He hosts “Mad Dog Unleashed” each weekday from 3:00 pm to 6:00 pm ET.  Russo’s show is also available to Pandora subscribers as a podcast.  Russo says, “Oh baby! Four more years, and I couldn’t be happier!  I’ve said it before and I’ll say it again.  There’s no place, NO PLACE, better than SiriusXM to do the kind of show I want to do, with the freedom to talk about the topics that I want to cover and the listeners want to talk about.  Now we’ll be reaching more fans than ever on SiriusXM and Pandora.”

Entercom Promotes Stacey Schulze to GSM for Greenville Station Group. Sales pro Stacey Schulze is being promoted to general sales manager for Entercom’s Greenville, South Carolina cluster that includes news/talk WYRD-FM “106.3 WORD,” sports talk WORD-AM “ESPN Upstate” and five music radio stations.  She was most recently digital sales manager for the cluster. Entercom Greenville SVP and market manager Steve Sinicropi says, “Stacey has done a tremendous job with our digital products and is an invaluable resource to our team and customers to navigate the sophisticated and fast-changing digital space effectively.  In her expanded role, she’ll also work with our team and customers with RADIO.COM, our seven radio brands, play-by-play sports and all digital products.”

TALKERS News Notes. Longtime New York City traffic reporter Jeff McKay announces he’s taking a new position with Westwood One News and will be relocating to Washington, DC. McKay posts on Facebook that he’ll be leaving his WINS, New York-based traffic reporting gig for DC next month.…..FOX Sports Radio says a new baseball podcast titled “”Inside the (Rob) Parker” – hosted by Rob Parker – will debut on The Herd Podcast Network.  Parker says, “Baseball is my first love, my true sports passion. If you think I have hot takes on the NFL and the NBA, wait until you hear them about the national pastime. For sure, it will be fun and informative.”  Parker continues co-hosting FOX Sports Radio’s 7:00 pm to 10:00 pm ET “The Odd Couple with Chris Broussard” that airs on close to 340 affiliate stations…..SiriusXM is providing subscribers with comprehensive coverage of the 2019 NFL Draft from Nashville, beginning with the first round on Thursday through the final round on Saturday.  SiriusXM NFL Radio’s on-site broadcast team at the NFL Draft will feature: Gil Brandt, Pro Football Hall of Fame inductee and former longtime player personnel executive for the Dallas Cowboys; Pat Kirwan, former NFL scout, coach and front-office executive; Jim Miller, former veteran NFL quarterback; Rick Neuheisel, former NFL quarterback and veteran coach; and Jason Horowitz, lead host for SiriusXM’s draft coverage.

Mueller Report Released/Impeachment Chatter, Trump Tax Returns Issue, 2020 Presidential Politics, Southern Border Crisis/New Mexico Militia, Iranian Oil Sanctions, Sri Lanka Bombings, NBA Playoffs, and MLB Action Among Top News/Talk Stories Yesterday (4/23). The release of the redacted Mueller Report and talk amongst Democrats of impeaching President Trump; the congressional requests for Trump’s tax returns and his suit to avoid being forced to comply; the 2020 presidential candidates and their policy proposals; the migrant status at the U.S.-Mexico border and New Mexico militia detaining migrants; the U.S. imposes sanctions on nations buying Iranian oil; the aftermath of the Sri Lanka bombings; the NBA playoffs; and Major League Baseball action were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Music Radio News and Career Moves. In Philadelphia, iHeartMedia announces that Khary Sharpe is named general sales manager for hip hop WUSL-FM “Power 99” and urban contemporary WDAS-FM.  iHeartMedia Philadelphia SVP of sales Jeff Moore says, “I am thrilled to add Khary to our growing team.  Khary is someone that I’ve admired in the market for a long time and his extensive knowledge of the industry and ability to create and grow relationships with our advertisers on the client level as well as internally will contribute to the work we’re doing in creating a great culture here at iHeartMedia Philly.”  Sharpe joined iHeartMedia from Entercom where he most recently served as the digital sales specialist for WOGL, WBEB and WTDY…..Lincoln, Nebraska morning personality Matt McKay, a.k.a. Matthew Rydberg, is on leave from Alpha Media’s CHR KFRX-FM after being charged with domestic violence as the result of an incident that took place on Saturday (4/20).  The Lincoln Journal Star is reporting that Rydberg is being charged with felony strangulation.  According to the Journal Star, “police went to Rydberg’s home on a report of a domestic assault witnessed by two children.  A 46-year-old woman reported she went to sleep in her children’s room after an argument with her husband, who had been drinking, when he became angry… the woman told police Rydberg pushed on her neck and she couldn’t breathe, pushed her face, bit her nose and shoved her.”  Alpha Media Lincoln market manager Julie Gade confirmed Rydberg is on leave from the radio station…..Westwood One says recent ACM-award winner and platinum-selling singer/songwriter – Warner Music Nashville’s Chris Janson – will host Westwood One’s Annual “Summer Kick-Off” special.  The four-hour broadcast is available for radio stations nationwide to air over Memorial Day weekend.  Janson will spin popular summertime hits from Luke BryanFlorida Georgia Line, Kenny Chesney, Keith Urban, Jason AldeanCarrie Underwood, and some of his own hits, including his new single, “Good Vibes.”

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Category: Front Page News, Industry News