Tag: "bankruptcy"

Tuesday, August 21, 2012

| August 21, 2012

Gow Communications to Pay $5.17 Million for KFNC, Houston.  The sale of sports talk outlet KFNC, Houston to Gow and Educational Media Foundation that was announced in the spring is coming close to the finish line as David Gow and company should begin LMAing the station Cumulus put into bankruptcy protection as early as September 1.  The station – positioned as ESPN 97.7 – is expected to continue to broadcast ESPN programming at least for a while.  Gow also operates crosstown sports talk KGOW and Yahoo! Sports Radio and there have been some changes there with Travis Rodgers moving to the early afternoon slot on both KGOW and the national network.  KGOW is preparing to debut Adam Clanton and John Wessling in the afternoon drive slot, according to David Barron of the Houston Chronicle.  Clanton currently works for KPRC-TV but will wrap up his role with the station this weekend.  As for the Yahoo! Sports Radio network, a new PM drive show is being developed and will be announced soon.  The network’s Craig Shemon returns to weekends from the midday slot.

Heidi and Frank Return to the Terrestrial Airwaves in Los Angeles.  Cumulus Media names Heidi Hamilton and Frank Kramer the new morning show on KLOS, Los Angeles, taking over for Mark & Brian beginning September 4.  Brian Phelps surprised the industry last week announcing he would also be leaving the Cumulus classic rocker at the same time Mark Thompson would, although Thompson made his decision to retire public earlier this summer.  Cumulus COO John Dickey told TALKERS over the weekend that Brian Phelps was “part of a large consideration pool” of candidates for the new morning program.  In announcing “The Heidi and Frank Show,” Dickey states, “After a long and thoughtful search which overwhelmed us with great, established talent and new talent waiting to be discovered both in and out of radio, I couldn’t be more pleased with the selection of ‘The Heidi and Frank Show’ to continue on the tradition that Mark and Brian set in place with 25 years of Hall of Fame radio.”  Hamilton and Kramer have been producing an internet radio show since CBS Radio shut down hot talk KLSX, Los Angeles in a format flip.  The Frosty, Heidi and Frank program (with Frosty Stillwell) aired there successfully for years.  They also worked at KABC after the demise of KLSX.  Prior to the KLSX era Hamilton and Kramer hosted the morning show at crosstown Hot AC KYSR.   On the new gig, Heidi Hamilton states, “KLOS is rock.  KLOS is the definitive iconic rock radio station in the world.  It’s one of those stations that evokes a feel good emotion while you’re driving in your car.  I’m beyond honored that Frank Kramer and I have been invited to become a part of something so legendary!  The ‘Heidi and Frank Show’ fans are second to NONE and I know they will be with us on this long fun ride together.”  Frank Kramer comments, “If it would have been any other station than KLOS, I would have said no.  We have a huge following across the world and only a station as large and iconic as KLOS could lure us back to radio.  To be given this opportunity is an honor and a privilege.  With the continued support from my partner, Heidi Hamilton, and the fans that never left us, and the fans waiting for us to return, the next 25 years are going to be one hell of a ride.”

The Battle for Control over Sirius XM Continues and the Momentum Seems to be Shifting in Favor of John Malone’s Liberty Media.  Yes, what seemed like an odd story just a matter of months ago has developed into a high stakes big business drama.  John Malone and Liberty Media, the company that rescued the merged satellite radio company from burning up in the atmosphere back in 2009 by gobbling up 40% ownership at what has turned out to be a super good deal for them has asked the FCC for approval to take outright control of Sirius XM Radio, noting it plans to raise its stake in the satellite radio company above 50%. The request follows disclosure earlier this week that Liberty, SiriusXM’s largest shareholder, was inching up its collection of shares in Sirius from approximately 46.2% to an aggressively postured 48%.  In last week’s filing, Liberty said it will “have purchased sufficient shares of Sirius’s common stock and will convert its preferred shares such that the transfer of control will be completed within 60 days of commission consent.”  Raising its stake above 50% and being granted FCC approval to take absolute control opens the way for Liberty to replace Sirius management and spin its Sirius stake off to Liberty shareholders. But would replacing Sirius XM CEO Mel Karmazin be a wise move?  Probably not.  Although coldly brash and hard-nosed as they come, Karmazin is an extremely effective radio broadcast executive and business strategist who has done a world class job of getting Sirius XM to its present state of health.  Reports from inside Liberty indicate that John Malone recognizes that and is giving “Mel” wiggle room to back pedal off his earlier blurts that he wouldn’t work for anyone else.  There is a huge lesson here for wannabe broadcast industry moguls (and there sure are a lot of them out there):  When you turn to venture capitalists and outside big money investors to save your ass, they will likely wind up owning it.

In Search of the Effective Commercial.  There’s a trend away from humorous commercials in radio, according to H-and-H Communications president Al Herskovitz.  Research indicates Madison Avenue is questioning the effectiveness of funny ads and, as it applies to talk radio advertising, Herskovitz writes that the “recognizable spokesperson” – read, the talk show host – is much more effective.  But there are still problems there that need to be solved.  Read Al Herskovitz’s piece here.

Courtside Entertainment’s “Loveline” Clears Tampa Market.  Cox Media’s FM hot talker WHPT, Tampa – The Bone – adds Courtside Entertainment Group’s “Loveline” featuring Dr. Drew Pinsky, Mike Catherwood and Simone Bienne for the 1:00 am to 3:00 am slot.  “Loveline” becomes part of Cox’s young male-targeted talk outlet that features Bubba the Love Sponge in morning drive and Cowhead in PM drive.

Odds & Sods.  Hubbard Radio’s WTOP, Washington hosts a special “school” edition of its “Ask the…” program today at 10:00 am.  Mark Seagraves serves as moderator for the commercial-free hour featuring a Q&A session with superintendents and school board officials from Montgomery County, Prince George’s County, Fairfax County and the District of Columbia…..Entercom’s New England sports talk juggernaut WEEI produces the 11th Annual WEEI/NESN Jimmy Fund Radio Telethon beginning today and running through tomorrow.  The fundraising extravaganza takes place live from Fenway Park from 6:00 am to 12:00 midnight both days.  Last year the event raised more than $3.3 million for the Dana-Farber Cancer Institute…..Nationally syndicated radio host Phil Grande of the “Phil’s Gang” program will broadcast his show live from the Republican National Convention in Tampa next week with broadcasts starting at 3:00 pm ET.  Grande will have special guests Donald Trump, Florida Governor Rick Scott and Sarasota Republican Chairman Joe Gruters plus many other guests.  In addition, he will have up to the minute news, updates and of course his own commentary.  The 2012 Republican National Convention is being held at the Tampa Bay Times Forum August 27-30, 2012.

CBS Radio News Announces Convention Coverage.  Dial Global and CBS Radio News will deliver coverage from the two national conventions – the Republican National Convention in Tampa August 27 through 30 and the Democratic National Convention September 4 through 6.  Coverage plans include anchored coverage, updates, special reports, special features, and one-on-one interviews with correspondents, pundits and political experts.  CBS Radio News states it will “provide expert reporting and analysis, featuring an experienced lineup of respected and award-winning correspondents and commentators, including Howard Arenstein, Pam Coulter, Peter King, Dan Raviv, Peter Maer, Andrew Mollenbeck, Brian Montopoli and Professors Dotty Lynch and Leonard Steinhorn.


Los Angeles Radio Personality Paul Crosswhite Passes Away.
  Southern California newsman and DJ Paul Crosswhite died on August 17 after a long illness.  Crosswhite served as a news person at both KFI and KNX-FM during his career.  He also was an evening and morning drive host at KTWV, Los Angeles – The Wave – for 10 years.  According to LARadio.com’s Don Barrett, “Crosswhite did news during most of his tenure in Southern California radio and has received Golden Mike Awards for documentary, feature and best newscast.  He did news during the glory years of KNX-FM.  During the Gulf War, he won the Associated Press Award for best newscast.  When he moved to “the Wave,” he gave up news to become a DJ, originally in the evenings and, later, mornings after the female morning drive team collapsed.”

Romney-Ryan Team, Obama Medicare Cuts, Facebook Stock Plummets and Syria Violence Among Top News/Talk Stories Yesterday (8/20).  The Mitt Romney-Paul Ryan ticket hitting the campaign trail full-swing; President Obama’s cuts to Medicare; the sagging stock price of Facebook; and the ongoing violence in Syria were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS.

Monday, July 16, 2012

| July 16, 2012

Judge to Approve Tribune’s Exit from Bankruptcy; Oaktree Capital Plays Major Role.  The private equity firm that also backs Townsquare Media and Dial Global will be part of a group of creditors that will bring Tribune Company out of bankruptcy pending the revision of some of the reorganization plans.  Judge Kevin Carey overruled the objections of some of Tribune’s creditors in approving the deal to end the bankruptcy protection that began three-and-a-half years ago and the emergence from which is expected to take several months.  Also involved are JP Morgan Chase & Co. and Angelo Gordon & Co.  There had been speculation that the company may be broken apart, with the publishing arm separated from the broadcasting division that owns 23 television stations and its lone radio property – WGN, Chicago – but that remains speculation as there does not appear to be a plan to sell anything just yet.  The FCC must still approve the transfer of the TV and radio licenses.

Public Radio’s “The Takeaway” Ends Morning Drive Run in September.  The show that was designed to be a younger-skewing alternative to NPR’s “Morning Edition” will move out of the AM drive daypart, trim down to one hour and be heard in the mid-mornings beginning in September.  The show is a collaboration between WNYC, New York and Public Radio International.  According to The Current, the show – hosted by John Hockenberry and Celeste Headlee – has 55 affiliate stations with another 15 carrying it on digital multi-cast channels.  Due to the fact that it’s live and produced in New York, the show has had a tough time getting West Coast affiliates because it doesn’t seem as fresh several hours later.  Beginning September 3, the one-hour version of the show will feed live at 9:00 am ET.

ESPN Radio’s Mike & Mike Debut Weekly NFL Show on ESPN.  The morning drive duo of Mike Greenberg and Mike Golic (whose radio network show is also simulcast on ESPN2) will host a weekly football show for ESPN beginning Tuesday, September 11 at 3:00 pm ET called, “Mike & Mike’s Best of the NFL.”  It’s a 30-minute program that features highlights from the previous week’s NFL games.  ESPN says the duo will “count down the top passes, runs, catches, blocks, defensive plays and other categories from around the league.  The show will offer footage that NFL fans have not seen in other highlight packages throughout the weekend.”

Odds ‘n’ Sods.  Talk show host Joe Crummey (WABC, KFI, KABC, KFYI) sits in for Cumulus Media’s Geraldo Rivera on KABC, Los Angeles both this week and next.  He’ll do it from New York next week as he’s also filling in for the WABC, New York show (Geraldo’s heard on both stations) July 23-25…..Shawn Wheat takes an anchor/reporter post with Morris Communications’ KIBW, Topeka and the Kansas Information Network.

Former Opie & Anthony Show Executuve Producer Steve Carlisi Dies.  There are not a lot of details about the passing of Steve Carlisi, but the former executive producer of SiriusXM’s Opie & Anthony show is dead, leaving behind a wife and son.  Carlisi was let go by SiriusXM from his producer role in 2010 in a round of budget cuts.  Most recently he had worked at Shamrock Communications’ WEZX, Wilkes Barre/Scranton.  He also served as a producer for the Danny Bonaduce show when it aired at WYSP, Philadelphia.

Thursday, May 24, 2012

| May 24, 2012

The Future of Tribune Company – and WGN, Chicago – Up in the Air After Bankruptcy Exit.  An article in Crain’s Chicago Business offers some speculation – based on interviews with business consultants and Tribune’s court filings – on the future of the parts of the publishing and broadcasting giant.  While its only radio property – WGN, Chicago – is not mentioned specifically in the piece, the broadcast division is and the theme of the article is that it appears the parts of Tribune are worth more than the whole and they may be sold off.  Tribune is organizing its various newspaper and TV properties into streamlined LLCs in preparation for presenting its reorganization plan to the court next month.  One expert states the synergy of print and broadcast never materialized for Tribune and he expects the parts to be sold.  Hubbard Broadcasting CEO Stanley Hubbard is quoted saying his company might be interested in the broadcasting properties if the price is right but said he has had no discussions with the company.

Martha Zoller Wraps Radio Show; Is Official Candidate for Congress in Georgia.  Georgia-based radio talk show host Martha Zoller did her last radio program for Cox Media’s WXKT-FM, Gainesville, Georgia – talk/sports hybrid Bulldog 103.7 – and is now officially on the campaign trail.  Zoller’s last program was May 11 and her campaign announced yesterday, May 23, that she has qualified for the Republican primary for the newly created 9th Congressional District in Georgia which takes place on July 31.  She will face State Representative Doug Collins and Jackson Commission Chairman Hunter Bicknell in the open primary.  She says in a campaign statement, “For far too long, professional politicians and entrenched bureaucrats have run amuck in Washington without any adult supervision.  I am going to Congress to hold Washington accountable and end the reckless spending, borrowing, and debt that is threatening the future of our nation and the security of the American people.”  WXKT-FM has not announced a permanent replacement host for Zoller’s late morning program.

CNN Ratings Part of Larger News and TV Numbers Slump.  The New York TimesBill Carter writes an analysis of the ratings problems plaguing Time Warner’s CNN on the heels of recent record low showings.  The cable news network’s Nielsen numbers for the week of May 14 were down – averaging just 395,000 total viewers in prime time – while Piers Morgan’s May 15 program garnered just 39,000 viewers in the 25-54 demographic.  Carter writes that CNN has been hurt by strong programming from the networks during the May sweeps plus a lack of major breaking news – something that has always helped CNN boost its numbers.  But Carter notes that CNN isn’t the only network affected.  Even though Fox News Channel is head and shoulders above CNN in the prime time ratings, FNC only grabbed 395,000 viewers in the 25-54 demographic during that week – a four-year low for Fox.  It should be noted that ABC’s “Dancing with the Stars” finale and Fox TV’s “American Idol” performance finale – two of TV’s highest-performing non-sports shows over the past few years, had dramatically lower audiences than the previous year.  While “DWTS” had 17.5 million total viewers, that was down 18% from last spring’s finale.

New Media Seminar/NYC on Verge of Quickest Sellout in Conference’s 15-Year History.  The combination of a power-packed agenda, one-day format and significantly reduced registration fee have combined to make the upcoming New York City installment of the new bi-coastal, recession-era version of the talk media industry’s annual convention an extremely hot ticket.  According to the industry-only event’s organizers at TALKERS magazine, this will be the earliest sellout in its colorful 15 year history.  Due to capacity regulations, the selling of registrations for the Thursday, June 7 event will cease at the close of business on Friday of this week.  After that, registrations will only be issued on a stand-by basis. NMS director Michael Harrison states, “We are extremely gratified by the positive response to this new ‘austerity version’ of the New Media Seminar.  The idea of compacting it into a one-day event, getting rid of the expensive frills, reducing the cost of registration by 75%, and organizing an agenda that can be described as nothing short of relentless, is striking a positive chord in the business.  Also, the fact that there will be a West Coast version of the event in Los Angeles on October 11 is an innovation that has been very well received.  That one will be a blockbuster too.”  To see the full up-to-the-minute agenda of the New York conference, click here.  For registration or sponsorship information call 413-565-5413.

Two Local Sports Talk Shows to Debut on KXPS, Palm Springs.  CRC Media’s KXPS, Palm Springs (licensed to Thousand Palms, California) announces it will bring two new live and local programs to sports talker Team 1010 beginning June 4.  Julie Buehler will host “Buehler’s Day Off” daily from 1:00 pm to 3:00 pm and Pete Fox joins the station to co-host “On the Air with Fox and Lecair” from 3:00 pm to 6:00 pm.  MyDesert.com reports Buehler is an award-winning radio host who recently worked as part of the Indianapolis Colts broadcasting team.  Fox has served as a host and reporter at KSPN, Los Angeles.

Odds ‘n’ Sods.  Cox Media syndicated talk star Neal Boortz sits in the anchor chair at CNBC filling in for Larry Kudlow on the cable channel’s “The Kudlow Report” tonight at 7:00 pm ET.  Boortz will work with co-host and CNBC chief international correspondent Michelle Caruso-Cabrera…..WNRP, Pensacola afternoon drive talk host Brandon Rathert wins two awards – a local Edward R. Murrow Award for “Investigative Reporting” and an Associated Press award for “Best Public Affairs” for the documentary he produced on the local sheriff’s office…..Clear Channel Media and Entertainment ups Matt Derrick to regional program manager for the Wilmington, Delaware and Salisbury, Maryland markets…..The actual price Clear Channel is paying for Stephen Mindich’s WFNX-FM, Boston is $14.5 million, a bit more than the $11 million we reported after the story broke.

2012 Presidential Race, Facebook IPO Investigations, Egypt Elections, and Pakistan Jails bin Laden Tracker Among Top News/Talk Stories Yesterday (5/23).  The battle between Republican challenger Mitt Romney and President Obama; the complex controversy over the Facebook IPO and the lawsuits it appears to be creating; the elections in Egypt; and the jailing of the doctor who aided the U.S. in finding Osama bin Laden in Pakistan were some of the most-talked-about stories on news/talk radio yesterday according to ongoing research from TALKERS.

Jeff Katz Welcomes Israeli Talk Host.  WXKS, Boston – Talk 1200 – morning drive host Jeff Katz  (l) is pictured here with Ari Abramowitz (r) – the leading English-language talk show host in Israel.  Katz tells TALKERS Abramowitz stopped by the program to say hello while visiting the United States and Katz forced him to check out the two Associated Press awards he recently won!