Tuesday, May 12, 2020

| May 12, 2020

Cumulus Media Reports Net Revenue Decrease of 14.8% in Q1. Reporting financial data for the first quarter of 2020, Cumulus Media’s net revenue was $227.9 million, a decrease of 14.8% compared to Q1 of 2019. After reporting a profit of $451,000 in 2019, Cumulus ends Q1 2020 with a net loss of $7.4 million. Adjusted EBITDA was $27.7 million, a decrease of 33.7% from the first quarter of last year. On a same station basis, net revenue was $226.5 million, a decrease of 11.2%. On the positive side, digital revenue was up 30% to $21.8 million. But spot revenue was down 12.6% and network revenue was down 22.9%. Cumulus president and CEO Mary Berner states, “Regardless of the challenge, the Cumulus team has focused acutely on what matters most, moved decisively where it will make a difference, and executed every effort efficiently and with an eye toward creating value. Our reaction to this unprecedented COVID-19 crisis has been no different. We entered March with strong financial performance, a favorable capital structure and significant liquidity, and we’ve taken swift actions that we believe will help us weather the adverse impacts of the pandemic. Over the past few years, we have made meaningful shifts, both culturally and strategically, expanding from our on-air radio foundation to become a multi-platform audio-first media company, delivering premium content to over a quarter billion listeners each month whenever and however they want it. With our robust portfolio of broadcast, digital, mobile and voice-activated media solutions and integrated digital marketing services, we are very well-positioned to provide advertisers with the personal connections, local impact and massive national reach that will help them quickly reconnect with their customers as the crisis wanes.”

Michael Harrison Says the White House Is Now Obsolete.  TALKERS founder Michael Harrison says it is “insane” that no one is questioning the wisdom of continuing to use the White House as the office center for the administration’s upper management while they bemoan the fact that the architecture is dangerously out of step with the perils of COVID-19 transmission.  Harrison floated the concept on the latest installment of his podcast while musing with WHP afternoon drive host Ken Matthews about administration officials and employees suddenly testing positive for the virus. According to Harrison, “One of the many things that the coronavirus is exposing as being out of synch with the new reality is the quaint notion that the West Wing is a viable venue in which administration brass should operate.”  Harrison continues, “Okay, so we learn that the offices in which West Wing workers are squeezed are remarkably tiny and cramped.  So, what should we do?   Get them out of there as quickly as possible!  Surely the government has enough resources to find a modern office building in which the West Wing can be relocated so the administration upper management can stretch out in a workable facility. Perhaps the Executive Office Building can be a temporary space… I’m not sure.  But I do know they should also move the steerage-level White House press quarters into a more modern and healthier environment.  This should be done immediately.  Let the White House be a residence and a museum.  As far as I can tell, the West Wing is obsolete.”

Round One of April PPM Ratings Released. The first of four rounds of ratings data from Nielsen Audio’s April 2020 PPM survey have been released for 12 markets including: New York, Los Angeles, Chicago, San Francisco, Dallas, Houston, Atlanta, Philadelphia, Long Island (Nassau-Suffolk), Riverside-San Bernardino-Ontario, San Jose, and Middlesex-Somerset-Union (New Jersey). Nielsen Audio’s April 2020 survey period covered March 26 – April 22. You can see all the 6+ numbers from subscribing stations here. The COVID-19 pandemic continues to bring listeners to all-news and news/talk formatted stations. In New York, iHeartMedia’s WOR adds 1.1 shares to wrap the April survey with a 3.0 share. Entercom’s all-news WINS tacks on another full share to finish with a 5.7 share and the #3 rank in the market. iHeartMedia’s KFI, Los Angeles rises 1.3 shares for a 5.5 share and the #1 rank (its first #1 since March of 2011). Nexstar Media Group’s WGN-AM, Chicago adds another 1.1 share to finish April with a 5.6 share and the #3 rank, while Entercom’s all-news WBBM-AM/WCFS-FM adds seven-tenths for an 8.4 share and its third straight #1 finish. Entercom’s KCBS-AM, San Francisco stays steady with a 9.9 share to remain at #1. Cox Media Group’s WSB-AM/WSBB-FM, Atlanta tacks on another full share for a 13.9 share and its 10th straight #1 finish. TALKERS magazine managing editor Mike Kinosian has much more ratings analysis for you. Read his Ratings Takeaways here.

Brian Kilmeade to Celebrate Paperback Edition Publication Via KRMG, Tulsa. Nationally syndicated radio personality and FOX News Channel “Fox & Friends” morning host Brian Kilmeade is launching the paperback edition of his book Sam Houston and the Alamo Avengers via a virtual release party today with affiliate station KRMG, Tulsa and local seller Magic City Books. Dan Potter is the morning host at the Cox Media Group station, and he’ll facilitate the virtual event and allow participants to ask Kilmeade questions. Participants will have access to an online room and will receive a paperback version of Sam Houston and the Alamo Avengers as part of their registration fee. Kilmeade’s radio show is syndicated by FOX News Radio and KRMG director of programming and branding Levi May states, “Brian is one of our most popular syndicated hosts and we are always so honored when he chooses KRMG to partner with him when he comes to Oklahoma.” Kilmeade came to Tulsa in November 2019 and broadcast his national show from the KRMG Performance Center when the hardcover book was originally released.

David Wood Promoted to VP of Programming for Emmis Indy. Programming pro David Wood rises from director of programming at Emmis Communications Indianapolis to vice president of programming. The 10-year Emmis veteran works with the program directors of Emmis-Indianapolis’ sports talk WFNI-AM “The Fan,” adult contemporary WYXB-FM “B105.7,” WLHK-FM “Hank FM,” and he’ll continue to serve as the head programmer for news/talk WIBC-FM and Network Indiana. Emmis Indianapolis SVP Bob Richards states, “David’s experience building legendary brands and coaching world-class talent is second to none. This promotion is well deserved recognition for the amazing work he has been doing leading our programming teams for the past 10-plus years.”

Statistics and Projections, States Begin Re-Opening, COVID-19 at the White House, Michael Flynn Case, Presidential Election/Biden Allegation, and Sports Leagues Plan Re-Opening Among Top News/Talk Stories Yesterday (5/11). The number of confirmed COVID-19 cases in the U.S., the number of deaths, and projections about future infections; the re-opening begins in numerous states across the country; the presence of confirmed cases among White House staffers; the DOJ drops the Michael Flynn case and allegations of the Obama administration’s role in implicating Flynn; the November presidential election and the allegation of sexual assault against Joe Biden; and MLB’s and the NFL’s plans to play games this year were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

TALKERS News Notes. This past weekend, Premiere Networks-syndicated personalities George Noory, host of “Coast to Coast AM” and sports talk host Colin Cowherd, host of “The Herd with Colin Cowherd,” appeared together on Cowherd’s Saturday podcast in which he often talks about issues outside the realm of sports. Noory chatted with Cowherd about the mysterious Navy pilot videos recently declassified by the Pentagon, the conspiracy theories around the origins of COVID-19, the unsolved case of the 1971 D.B. Cooper airplane hijacking, and more.  The two also traded stories about their personal experiences with UFOs…..Cumulus Media’s Dallas sports talker KTCK-AM/FM “Sportsradio 96.7 & 1310 The Ticket” adds several FOX Sports Radio programs to its weeknight and weekend roster. “The Jason Smith Show with Mike Harmon” and “The Ben Maller Show” are being added to the weekend program schedule along with various other FSR weekend programs…..ADX Communications’ news/talk WNRP-AM/W222BR “News Radio 92.3” is honored with five First Place awards from the Florida Association of Broadcast Journalists for coverage of the December 6 shooting at NAS Pensacola. The station won Best Radio Newscast (anchored by Mark Jacobs); Breaking News; Continuing Coverage; Team Coverage; and News Anchor/Anchor Team led by Andrew McKay…..Hubbard Radio’s WTOP-FM, Washington, DC was honored with six Regional Edward R. Murrow Awards today by the Radio Television Digital News Association. The station was recognized in the Overall Excellence category for the 9th time in the past 11 years for its coverage of the D.C. region on WTOP and WTOP.com. WTOP also received recognition in the Best Newscast category for coverage of the July 2019 severe floods in the DC region. Individual WTOP reporters were honored as follows: Feature Report: Mike Murillo – “Answering the Call”; Hard News Report: Megan Cloherty & Dave Dildine – “Rock Creek Rescue”; Podcast: Megan Cloherty & Jack Moore – “22 Hours: An American Nightmare”; and Excellence in Social Media: Tiffany Arnold and WTOP Staff…..Rhode Island talk radio host John DePetro wrote lyrics to a parody of Leonard Cohen’s “Hallelujah” about life in the time of coronavirus in the Ocean State. It was performed by local artists Nick Gosselin and Cat Carrick in a video produced by DePetro that you can see here…..Due to the uncertain economic environment as a result of the coronavirus pandemic, Salem Media Group announces it is temporarily suspending the regular quarterly cash dividend on its common stock. The company will re-assess the dividend suspension throughout the year, in light of facts and circumstances at that time, whether and when to reinstate the dividend.

Music Radio News and Career Moves. On-air pro Colleen Carew is the new morning drive host at Shamrock Communications’ classic rock WZBA “100.7 The Bay,” taking over for Stash, a.k.a., Steve Ash, who recently exited. Carew was most recently PD at triple A WOCM, Ocean City, Maryland “Ocean 98.”…..Condolences to the family and friends of San Diego radio personality Steve West who passed away recently at age 68 after a long battle with cancer. Prior to his passing, he’d been handling weekend duties at Entercom’s alternative KBZT, San Diego “ALT 94.9.”…..In celebration of National Nurses Week, Brooke Fox (pictured below, at right), of Hubbard Radio’s CHR KQMV, Seattle “MOViN 92.5” and Famous Dave’s BBQ delivered food and beverages to the nursing and medical staff at Harborview Medical Center yesterday (5/11). Brooke, co-host of the syndicated “Brooke & Jeffery” show, says, “Thank you to all of the amazing nurses, doctors and medical staff. We are so proud of every member of our medical community who have gone above and beyond to keep our community safe during this time.”

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Category: Front Page News, Industry News

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