Tag: "Alfred C. Liggins III"

Thursday, August 1, 2019

| August 1, 2019

Urban One Posts Strong Q2 Numbers; Net Revenue Up 5.5%. It was “a very strong quarter from an advertising revenue standpoint,” says Urban One, Inc. CEO and president Alfred C. Liggins III. The parent company of Radio One reports second quarter 2019 net revenue was approximately $121.6 million, an increase of 5.5% from the same period in 2018.  Broadcast and digital operating income was approximately $46.3 million, an increase of 4.5% from the same period in 2018.  Urban One reports operating income of approximately $30.5 million for the three months ended June 30, 2019, compared to approximately $24.8 million for the same period in 2018.  Net income was approximately $6.6 million or $0.15 per share (basic) compared to net income of approximately $23.6 million or $0.51 per share (basic) for the same period in 2018.  Liggins says, “Radio advertising was up 6.8%, TV advertising was up 9.4%, and digital was up 16.8%.  Our radio division is also pacing up approximately 8% for the third quarter, with robust demand for national business in our larger markets… Reach Media benefited from another successful cruise event, with the Tom Joyner Fantastic Voyage posting 12% year-over-year revenue growth… Overall, I am happy with our progress this quarter, and believe we can carry this positive momentum into the second half of the year.”

Sanchez Joins KDWN, Las Vegas for Evening Program; ‘The Vegas Take’ Moves to Mornings. Talk radio host Steve Sanchez announces he’s signed a four-year deal with Beasley Media Group to host the 6:00 pm to 8:00 pm weeknight show on news/talk KDWN-AM/K268CS, Las Vegas, effective August 12.    Sanchez will continue to host his nationally syndicated weekend talk program distributed by Genesis Communications Network.  Sanchez’s arrival on the KDWN program schedule comes as the station moves “The Vegas Take” with Brian Shapiro and JD Sharp from evenings to the 9:00 am to 12:00 noon daypart.  Ray Lucia, who announced recently that he’s retiring from his radio show, had been heard in late mornings on the station.

Former KSL-FM, Salt Lake City Host Jay Mcfarland Running for Congress. Talk radio personality Jay Mcfarland gave up his “JayMac News Show” on Bonneville’s KSL-FM, Salt Lake City in order to run for congress in the Utah 4th Congressional District.  In a story posted at KSL.com, Mcfarland says he wants to become a national voice for conservatism.  He hopes to win the Republican primary to challenge the state’s only Democrat – Ben McAdams – and believes that this seat that is so important to Republicans will be a high-profile race nationally.  He’s quoted saying, “I got into radio to be able to impact the public debate.  Just over the last couple of years, I felt like our political discourse has degraded to such a horrific level, it’s not enough for me to talk about it.” Mcfarland hosted his radio show on KSL for the past nine years.

Bob Pittman Reminisces About MTV Launch on Michael Berry Show. Today (8/1) is the 38th anniversary of the launch of MTV. Back on August 1, 1981, 27-year-old Bob Pittman and his colleagues at MTV debuted the network that would transform television and music in ways that few had foreseen. The iHeartMedia chairman and CEO spoke on the KTRH, Houston-based, nationally syndicated Michael Berry program today about MTV and its place in history.  Pittman told Berry and his listeners “creating an identity for the NETWORK” was the most important reason for its success, sayin the one word which best described MTV was “cool.”  He also said MTV gave artists an identity to their fans.  Prior to that, with album covers largely artistic drawings, fans did not know what their favorite band looked like.  The video component gave them an insight into those bands, and their fashion.  Hear the whole interview here.

Kim Guthrie to Lead New Cox Media Group.  When Apollo Global Management agreed to acquire a majority stake in Cox’s radio stations earlier this year, it was assumed that most of its executives would remain with the new Cox Media Group since Apollo said it wanted to maintain the successful operating structure of the radio, TV, CoxReps and Gamut businesses.  Now, Cox is confirming that current Cox Media Group president Kim Guthrie will lead the new company as chief executive officer.

West Virginia Radio Renews with Nielsen Audio. After a time without subscribing to Nielsen Audio’s radio ratings service, West Virginia Radio Corporation reached a new agreement for measurement in the Charleston, West Virginia market.  Company president and CEO Dale Miller says, “In a time when audience metrics are so important, Nielsen remains the only ratings currency that consistently reflects the value of our radio stations.  Having reliable research is more important now than at any other time, and we feel that Nielsen Audio is a partner in our business, allowing us to generate true ROI.  We tried plan B for a time, but you can budget cut yourself out of the business.”

iHeartMedia Proposes Private Offering of $500M of Senior Secured Notes. Today, iHeartMedia, Inc. is offering – via its wholly-owned subsidiary, iHeartCommunications, Inc., $500,000,000 aggregate principal amount of Senior Secured Notes due 2027 in a private offering.  The Notes and related guarantees will be offered only to persons reasonably believed to be “qualified institutional buyers.”  They will be guaranteed on a senior secured basis by iHeartCommunications’ direct parent, iHeartMedia Capital I, LLC, and the subsidiaries of iHeartCommunications that guarantee iHeartCommunications’ term loan facility.  iHeartCommunications intends to use the proceeds from the Notes, together with cash on hand, to prepay at par a portion of the outstanding borrowings under its term loan facility, to pay accrued and unpaid interest thereon to, but excluding, the date of prepayment, and to pay fees and expenses related to the offering of the Notes and the use of proceeds therefrom.

TALKERS News Notes. WEPN-FM, New York personality and New York Yankees radio voice Michael Kay is being told to stay silent for at least another 10 days after his recent vocal cord surgery.  The New York Post’s Andrew Marchand writes that Kay had hoped to return to the broadcast booth tomorrow (8/2) but his doctor says he needs more time to heal. ESPN New York general manager Tim McCarthy says they want to be careful with Kay’s return and is fine with Kay “taking the whole summer.”  For Yankees games, Ryan Ruocco will sit in next week with Bob Costas calling one of the two Yankees-Red Sox games on Saturday…..In what is becoming an informal series of appearances, talk radio superstar Rush Limbaugh will join fellow Premiere Networks nationally syndicated talk media star Sean Hannity on FOX News Channel’s “Hannity” tonight (8/1) to talk about the Democratic debates and “the latest developments regarding former FBI director James Comey.”  Limbaugh – who appears to choose his television appearances carefully – has done several one-on-ones with Hannity during the past year.  Of course, Hannity rose to national fame filling in for Limbaugh back in the late 1990s…..CBS News Radio names Allison Keyes to the position of Washington, D.C.-based correspondent.  CBS News Radio VP and general manager Craig Swagler announces that Keyes will be integral to the network’s coverage of the 2020 presidential election.  She will also focus on covering stories on diversity and equality issues.  Her reporting will be heard daily on CBS News Radio affiliates around the country.  She has served as a freelance reporter for CBS News Radio since 2014.  Prior to that, she was a reporter for NPR in Washington, where she was a guest host for the program, “Tell Me More with Michel Martin.”…..The nationally syndicated “Tony Katz Today” program is added to the air schedule at Alpha Media’s news/talk KFOR, Lincoln, Nebraska in the 9:00 am to 11:00 am slot, effective August 5. Katz says, “With our Midwest focus, being with KFOR could not be more perfect.  Working with PD Rob Kelley, going into an election year and highlighting how big news stories affect us locally, this is gonna be amazing!”  In addition to his syndicated show, Katz is the morning drive personality at Emmis Communications’ WIBC-FM, Indianapolis…..Digital audio aggregator TuneIn appoints Juliette Morris CEO.  She’s been with the company as chief marketing officer since March of 2018…..NRG Media’s sports talk KOZN, Omaha “1620 The ZONE” remains the flagship radio station for Creighton University’s men’s basketball for the next three season and gives “The Zone” exclusive rights to broadcast play-by-play for all home and away games as well as pre-game and post-game coverage.  Creighton’s home games will also continue to be broadcast live on NRG’s sister classic rock KOOO-FM “101.9 The Keg” as part of the contract extension.  KOZN afternoon talk host John Bishop continues to handle play-by-play duties while a number of former Bluejays, including FOX Sports Radio talk show host and national college basketball television analyst Nick Bahe, will continue to provide color commentary.

Rebecca Thomas Takes on More Duties at CORE Voice Imaging and Sound Design as Media Affiliates Director. For the past 12 years, Rebecca Thomas has been doing voice work for projects and accounts at her husband’s well-known imaging firm.  Now, she adds the official role of media affiliates director to her responsibilities at her husband Sandy ThomasCore Voice Imaging and Sound Design as media affiliates director.  She tells TALKERS magazine that their audio branding company does imaging for all radio formats.  Rebecca can be reached at: CORE@ThomasVoiceImaging.com.

2020 Presidential Race/Detroit Debates, Reagan-Nixon ‘Monkeys’ Controversy, Immigration Policy/Border Conditions, Capital One Hack, and China-Hong Kong Tensions Among Top News/Talk Stories Yesterday (7/31). The Democrats vying to challenge President Trump in 2020 and the debates in Detroit; the controversy over the recording of Ronald Reagan referring to blacks as monkeys in conversation with Richard Nixon; the Trump Administration’s immigration and asylum policies and conditions at border detention centers; the aftermath of the hack of Capital One; and the tensions between China and Hong Kong in the wake of the recent protests were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Premiere Networks and Hollywood Unlocked Launch New Show. A new, two-hour weekly show from Premiere Networks and Hollywood Unlocked is debuting on 50 iHeartMedia urban contemporary stations nationwide, in addition to iHeartRadio.   The show is “Hollywood Unlocked with Jason Lee” and is co-hosted by Melyssa Ford and DJ Damage.  The program is targeted to hip hop fans by staying on top of hip hop culture and pop culture with “celebrity news, information and gossip, along with candid conversations with the stars who will bring truth to the latest stories and rumors.” Additionally, Lee’s podcast, “Hollywood Unlocked Uncensored,” which is also co-hosted by Ford and Damage and has more than 33 million views on its YouTube channel, is now available on iHeartRadio.

Thursday, May 9, 2019

| May 9, 2019

Emmis Revenue Down 4% in Fiscal Q4.  Radio revenue in the fourth fiscal quarter of 2018 for Emmis Communications was $22.2 million, down 4% pro forma for the sale of its Los Angeles and St. Louis radio stations.  For the full fiscal year of 2018, pro forma revenue was $108 million, down 2% in markets that were down 1%, according to Miller Kaplan data.  Emmis CEO Jeff Smulyan says, “While the fourth quarter didn’t finish as strongly as we would have liked, we are seeing significant strength as we commence the new fiscal year.  Emmis’ first fiscal quarter is pacing up 5%, and ticket and sponsorship sales for Hot 97’s Summer Jam, Emmis’ largest event which occurs in June, are pacing well ahead of last year.  Our renewed focus on digital is bearing immediate fruit, with Q1 digital revenues pacing up 50%.  Ratings remain strong across all our brands and I’m confident that our ratings success will allow us to sustain this growth.  With the scaling down of NextRadio that occurred last year, coupled with the company’s recent refinancing, Emmis has one of the best balance sheets in the radio industry, which has been enhanced by our strong operational start to this fiscal year.”  In the report, Emmis noted that it completed a refinancing of its credit facility on April 12.  The refinancing lowered the company’s cost of capital from 10.5% to 5.8%.

Urban One Q1 Broadcast and Digital Net Revenue Up 6.1%. First quarter financial data from Urban One, Inc. shows the company as a whole posted net revenue of approximately $98.4 million, a decrease of 1.2% from the same period in 2018.  However, the broadcast and digital sector’s operating income was approximately $34.5 million, an increase of 6.1% over Q1 in 2018. Operating income during 2019’s first quarter was approximately $16.1 million compared to approximately $7.3 million for the same period in 2018.  Net loss was approximately $6.7 compared to net loss of approximately $22.6 million for the same period in 2018.  Urban One CEO and president Alfred C. Liggins, III comments, “While our radio division finished the quarter a little softer than expected, the Q2 pacings show a strong rebound, with April up mid-teens and Q2 overall pacing up high single-digits.  TV One advertising revenues performed nicely, with ratings remaining relatively stable, and subscriber churn was largely offset by contractual rate increases. Our digital segment was impacted by the timing of a tent-pole event, which caused some revenue to spill over into Q2, however the reorganization of expenses that occurred at the end of 2018 meant that the division delivered a much-improved EBITDA performance. Our investment in MGM National Harbor continues to perform well, with first quarter net gaming revenues up by 5.6% year-over-year. We remain focused on deleveraging, and during the first quarter we reduced indebtedness by $21.8 million.”

Beasley Ups Heidi Raphael to Chief Communications Officer. Corporate communications pro Heidi Raphael is promoted to chief communications officer at Beasley Media Group.  Raphael had been VP of corporate communications. She joined Beasley in 2017, coming over from Greater Media – where she’d been for two decades – after Beasley acquired its assets.  Beasley CEO Caroline Beasley says, “Heidi has proven time and time again that she is most deserving of being promoted to the position of chief communications officer. While she’s only been at our company for two years, she’s accomplished more than others would in five!  We are so very proud and lucky to have her in our Beasley Media Group family.”  Raphael currently serves on the boards of the Library of American Broadcasting Foundation, the Broadcast Education Association and the Florida Association of Broadcasters.  In addition, she is a member of the Mentoring and Inspiring Women in Radio Group executive committee.

Chelsey Waddell Named Director of Marketing for iHeartMedia Raleigh. Marketing pro Chelsey Waddell is appointed director of marketing and promotions at iHeartMedia’s Raleigh station group that includes WTKK-FM “106.1 FM Talk” and four music-formatted stations.  Waddell previously served in marketing and promotions positions with Radio One in St. Louis and Cumulus Media in Melbourne, Florida.  In this position she’ll work closely with the promotions, events, sales, and programming teams in developing and executing marketing for the Raleigh market’s iconic brands and franchises and will be responsible for developing and creating marketing strategies to increase brand awareness, enhance business relationships, and will assist with increasing revenue growth for the market. She says, “I’m excited to join the iHeartMedia market-leading team in Raleigh.  I’m looking forward to growing brand engagement among our audiences while driving continued revenue for the stations.”

Shosh Abromovich to Lead iHeartMedia Toledo. Radio sales pro Shosh Abromovich is promoted from SVP of sales for iHeartMedia’s Toledo operations to market president.  iHeartMedia region president Paul Corvino says, “Shosh has done an excellent job at leading our sales teams in the Toledo market.  She truly understands the value of iHeart’s full spectrum of services and unmatched assets, including radio, podcast, digital streaming, social media and mobile as well as OTT in relation to creating effective branding and results-driven marketing programs.”  The Toledo cluster includes news/talk WSPD-AM/W225AM and sports talk WCWA-AM “FOX Sports Toledo” in addition to five music brands.

TALKERS News Notes. The nationally syndicated Chad Benson show announces it adds a number of affiliate stations to its roster.  Recently adding the Radio America-syndicated show to their program schedules are: Hubbard Radio’s WFTL-AM, West Palm Beach and KSLM-AM/FM, Portland and Townsquare Media’s KKAM-AM, Lubbock, Texas; KTPI-AM/FM, Lancaster, California; and WNWF-AM, Evergreen, Alabama…..SiriusXM is presenting comprehensive play-by-play and talk coverage of the PGA Championship taking place next week at Bethpage Black Course on Long Island. Live hole-by-hole coverage, which SiriusXM will co-produce with Westwood One, will air starting at 12:00 pm ET all four days of Championship play. The broadcast will be hosted by Brian Katrek and Taylor Zarzour who will handle the play-by-play.

The Mueller Report/Trump’s Executive Privilege, NYTimes Trump Piece, 2020 Presidential Politics, U.S.-China Trade War, Facebook Bans; Gaza-Israel Violence, and the Royal Baby Among Top News/Talk Stories Yesterday (5/8).  The claim by President Trump that the release of the unredacted Mueller Report is up to him; the New York Times piece on Trump’s business losses from 1985 to 1994; the Democrats vying to challenge Trump in 2020; the trade war between the U.S. and China and the reactions of the world’s financial markets; Facebook’s ban of “dangerous individuals and organizations”; the violence between Gaza and Israel; and the birth of the royal baby 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. Radio programming pro Dustin Kross joins Radio One to serve as CHR format director in charge of the company’s WNOW-FM, Indianapolis “RadioNOW 100.9” and KROI-FM, Houston “RadioNOW 92.1.”  Kross comes to Radio One from his most recent position as program director and morning host for Cumulus Media’s CHR KLIF-FM, Dallas “HOT 93.3.”  Radio One vice president of programming Colby Tyner says, “We are excited to be working with Dustin, his expertise and passion for the top 40 format is just what we need in Houston and Indy.”…..The WHQC, Charlotte-based, regionally syndicated “Ace & TJ Show” announces it has officially named Laura Vinson, a.k.a. Intern Sass, a permanent member of The Ace & TJ Show.  She began her career with The Ace & TJ Show as an intern in January 2018.  Vinson says, “I’m excited and honored to be the newest member of ‘The Ace and TJ Show.’  I’m thankful for the overwhelming amount of support.  I can’t wait to bring more sass and continue this journey with our radio family.”…..United Stations Radio Networks is distributing “The Summer of 1969,” produced and hosted by Dick Bartley, in honor of the 50th anniversary of the summer of 1969.   The radio special will be available for air this summer and is perfect for classic hits/oldies-formatted stations.  Music in the special will include many of the biggest songs of that summer, including major hits from The Beatles, The Rolling Stones, Stevie Wonder, Creedence Clearwater RevivalBlood, Sweat and Tears, and Crosby, Stills and Nash, as well as great novelty hits like “Sugar Sugar” from The Archies.

Monday, October 10, 2016

| October 10, 2016

smart-conferenceRamsey Hosts Smart Conference in Atlanta. Syndicated talk show host Dave Ramsey hosted a daylong “Smart Conference” in Atlanta this past Saturday (10/8) at North Point Community Church. Promoting the event was Ramsey’s Atlanta affiliate, iHeartMedia talker WGST. “These events certainly increase tune-in and listenership as we lean into them,” comments iHeartMedia Atlanta region president Justin Schaflander. “Far more importantly, they truly impact the lives of our listeners as it helps them find inspiration and answers on everything from finances to parenting and just life in general. The events create a deeper relationship between our listeners and Dave’s team, which in turn, create a far more beneficial connection between our sponsors and clients as they interact with Dave’s audience. It is a win on all fronts.” Along with Ramsey were Chris Brown, Rachel Cruze, Chris Hogan, Inky Johnson, Dr. Meg Meeker, Anthony O’Neal, and Dr. Les Parrott. Attendees were provided information on how to win with money; strengthen their marriages; build parenting skills; and excel in their careers.

kinosianmikemlb-logo2PPM Analysis: MLB Flagships. Based on data from Nielsen Audio’s September 2016 PPM survey period, TALKERS managing editor Mike Kinosian presents a look at the performances of Major League Baseball flagships. In this special feature report, you will find charts listing stations by format and (6+) AHQ share; ratings fluctuations from August 2016 to September 2016; ratings comparisons from September 2015 to September 2016; how MLB key stations ranked in their respective markets; and how they did by league/division. See it all here.

hughes-cathyhoward-logoHughes’ Howard University Honor. In a ceremony that will take place one week from this Sunday (10/23), Howard University‘s School of Communications will be renamed the Cathy Hughes School of Communications, as a tribute to Radio One‘s founder and chairperson. The announcement comes after a multi-million dollar gift to the Washington, DC school from Hughes’ son, Radio One president and chief executive officer Alfred C. Liggins III. Howard University president Dr. Wayne A. I. Frederick comments, “The Howard community is thrilled that Mr. Liggins has chosen to honor his mother in this manner for her pioneering work in the field of communications. The gift will have a transformational impact on the school’s commitment to serve the communications industry and as a high-level producer of diverse media specialists.”

caldwell-meghanCox Media Group Tampa Boosts Caldwell to Digital Sales Manager. Two-year Cox Media Group Tampa digital media strategist Megan Caldwell is promoted to digital sales manager for the company’s six-station cluster. Vice president and market manager Keith Lawless remarks, “Megan knows the digital cox-media-group-tampaspace, knows our marketing partners, and knows what it takes to compete and win in this competitive, fast moving space.” Director of sales Jason Meder comments, “We are so excited to have Megan lead our digital sales efforts in Tampa. With a background in digital content, Megan brings unique experience to this role. Her knowledge – combined with her ability to create solutions for advertisers – is an amazing resource for Cox Media Group Tampa.” Caldwell adds, “I am beyond excited to be leading our team in digital. As the digital sales manager, I will be focused on driving initiatives that help us continue to build long-term relationships with our clients.” The 2012 University of Central Florida graduate previously spent two years as Cox Media Group Tampa’s digital producer and was social media manager for New Age Skincare. With their September 2016 Nielsen Audio PPM 6+ AQH share and market rank in parentheses, CMG Tampa consists of adult contemporary WDUV “Lite Favorites” (9.3, #1); WXGL “Classic Hits 107.3 The Eagle” (6.0, #3); adult contemporary WWRM “Magic 94-9” (5.3, #6); CHR WPOI “Hot 101.5” (4.7, #7); talk WHPT “102.5 The Bone” (2.3, #18); and alternative WSUN “97-X” (2.3, #18).

simon-conwayWHO’s “Puppy Jake Foundation” Raises $22,000. Last Friday’s (10/7) third annual “Puppy Jake Foundation” fundraiser brings in more than twice as much as the combined total of year one ($4,000) and year two ($6,000). WHO, Des Moines afternoon drive talent Simon Conway staged a free sandwich giveaway in the parking lot of the iHeartMedia talker and – in two hours – collected more than $22,000 to benefit the charity, which acquires, raises and professionally trains service dogs for physically and mentally wounded veterans. Conway states he was “speechless for about two seconds. People drove long distances; handed over huge sums of money; and donated enough to acquire, train for two years and ultimately hand over for free a service dog for a wounded veteran.” Thus far this year, the charity has given 11 dogs to veterans; nine more canines will graduate the program next March.

bush-billyNBC-TV Suspends Bush. By now, you know it was a rough weekend for former radio talent Billy Bush, who was believed to be groomed as a possible replacement for Matt Lauer on NBC-TV‘s “Today Show.” The network has suspended the ex-“Access Hollywood” host for his role in a 2005 video with Donald access-hollywoodTrump that surfaced on Friday (10/7). Bush is heard laughing and encouraging the now Republican presidential nominee as they engaged in a vulgar conversation about women. The Washington Post published the tape of Trump, who is heard on a hot microphone boasting to Bush about kissing, groping, and having sex with women, saying that, “When you’re a star, they let you do anything – I don’t even wait.” At first, it seemed Bush was going to appear on “The Today Show” this morning (10/10) to apologize, but by last night, NBC decided he would not go on the show; instead, executive Noah Oppenheim issued the suspension. There is no immediate information about how long it will last. “Let me be clear,” Oppenheim writes in a staff memo, “There is simply no excuse for Billy’s language and behavior on that tape. NBC has decided to suspend Billy, pending further review of this matter.” In a statement he released on Friday, Bush notes he is “embarrassed and ashamed” of his role in the 2005 video. “This happened 11 years ago. I was younger, less mature, and acted foolishly in playing along.” His weeknight (7:00 pm – 11:00 pm) “Billy Bush Show” debuted on April 14, 2008; Westwood One ended production of it in late-December 2014. Prior to that radio project, a mix of music and celebrity banter targeted to CHR and hot AC stations, Bush did wakeup duty on WWZZ “Z-104,” Washington, DC (now Radio One‘s WPRS “Praise 104.1”). In advance of starting his senior year at Maine’s Colby College, Bush scored a summer internship at Bill O’Shaughnessy’s WVOX in Westchester, New York.