Tag: "Alfred C. Liggins III"

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.