Tag: "bonuses"

Monday, January 16, 2017

| January 16, 2017

Report: Laura Ingraham Considering Run for Virginia Senate Seat.  According to a report in the Washington Examiner, talk show host – and Trump adviser – Laura Ingraham is seriously debating whether to throw her hat into the ring for a run for the Virginia U.S. Senate seat currently held by Hillary Clinton’s 2016ingrahamlaura running mate, Tim Kaine.  The Examiner’s Paul Bedard writes that “several party insiders have approached the media giant to run and that she is considering it.  In preparation for a bid, her business partner, Peter Anthony, has begun buying website domains for Ingraham to use should she decide to move forward.  It includes: ingrahamsenate.net, ingrahamsenate.com, ingrahamforvirginia.com and ingraham2018.com.”   The story also notes that Virginia U.S. Representatives Barbara Comstock and Dave Brat – both Republicans – are considering challenging Kaine.  See the Examiner story here.

iHeartMedia Execs Nab Big Bonuses.  These bonuses – approved last Tuesday by the iHeartMedia board of directors – are retention bonuses.  Here’s what the board approved: chairman and CEO Bob Pittman gets $1.75pittmanbob million; COO and CFO Rich Bressler gets the same; and SVP of corporate finance Steven Macri is awarded $750,000.  Because they are retention bonuses, the three must remain employed by the bresslerrichardcompany for two years after the effective date of January 12, 2017 or they must repay 100% of the after-tax value of the bonus.  If either is terminated without cause, leaves for a “good reason,” or due to death or disability before the first anniversary of the effective date, they must pay back 50% of the after-tax value.  Additionally, the board of directors approved the 2017 Key Employee Incentive Plan in which Pittman and Bressler can earn bonuses of up to $7,000,000 and $3,000,000 respectively during the year for hitting quarterly performance goals set by the compensation committee of the board of directors.

Cumulus Media’s Mary Berner Pockets $1 Million-plus Bonus.  Unlike the retention bonuses paid to iHeartMedia’s Bob Pittman and others (see story above), this payment to Cumulus Media president and CEObernermary Mary Berner is a “one-time discretionary cash incentive compensation award” of $1,087,500 for “her exceptional efforts and contributions during 2016, both individually and as a member of the management leadership team, in the initial phase of the company’s operational turnaround plan and ongoing operational and financial restructuring.”  The board of directors notes that this award is in lieu of any award she may have received under its annual incentive plan for 2016.

Charlie Sykes to Take Part in Public Radio Show.  The Milwaukee radio icon retired from E.W. Scripps’ WTMJ at the end of 2016 after a 23-year career with the news/talk station.  Now, Charlie Sykes is part of a new, national call-in talk show being produced in what is a cooperative venture by WNYC, New York, Minnesota Public sykescharlieRadio and The Economist.  According to a story in the Milwaukee Journal Sentinel, Sykes will be one of four co-hosts of the program titled, “Indivisible.”  The other hosts are: WNYC’s Brian Lehrer, The Nation features editor Kai Wright, and MPR’s personality Kerri Miller.  Sykes will not be heard on the radio in his home market because his non-compete prevents local pubcaster WUWM from airing the show.  Under the terms of Sykes’ deal with WTMJ, any radio show on which Sykes appears during the term of the non-compete must air on WTMJ.  The station asked to air the new show but NPR is not giving consent.

WHpressbriefingroomWill Talk Show Hosts Get Access to Trump Press Conferences?  On Sunday (1/15), Trump Administration Press Secretary Sean Spicer told FOX News that the president-elect is considering moving press briefings to a larger location due to “off-the-charts” interest in the new administration.  Spicer said, “There’s a lot of talk radio and bloggers and people that can’t fit in right now and maybe don’t have a permanency because they’re not part of the Washington elite media, but to allow them an opportunity to ask the press secretary or the president a question is a positive thing.  It’s more democratic.”  The Brady press room (pictured) in the West Wing only holds 49 people.  However, the White House Correspondents’ Association is concerned about the move, in part because it fears the media could be moved from the press work space behind the Brady press room, according to a statement from WHCA president Jeff Mason.  He says that space is important because it is close to West Wing staffers whom the press rely on for news.  Spicer says he’ll work with the WHCA on any changes.

Trump Inauguration Protests, ObamaCare Replacement Plans, U.S.-Russia Relations, Orlando Cop Killer Search, Davos Economic Forum, Martin Luther King Jr. Day, Ringling Brothers Circus to Close, and NFL Playoffs Among Top News/Talk Stories Over the Weekend.  The planned protests and Democratic members of Congress planning to skip Donald Trump’s Inauguration on Friday; the GOP’s plans to replace the Affordable Care Act; the relationship between Vladimir Putin’s Russia and the United States with Trump set to take office; the search for the man police believe killed Orlando police officer Debra Clayton; this week’s meeting of world leaders at the World Economic Forum at Davos, Switzerland; today’s Martin Luther King Jr. holiday; Ringling Brothers’ decision to shutter the 146-year-old circus; and the NFL playoff games were some of the most-talked-about stories on news/talk radio over the weekend.

Odds & Sods.  Nationally syndicated “Free Talk Live” with Ian Freeman and Mark Edge adds new affiliates tofreemanedge its roster, including: WNIX-AM/FM, Greeneville, Mississippi; KLKS-FM, Brainerd, Minnesota; KHMO-AM, Hannibal, Missouri; and WBNW, Concord/Boston…..Teenage conservative talk show host Caiden Cowger announces his show is added to the program schedule at Kol Ami Havurah-owned WDUQ-LPFM, Benwood, West Virginia “Beautiful Music 99.1.”  This is the fourth affiliate station for Cowger’s program.  The one-hour show airs evenings at 9:00 pm…..In the San Antonio market, Cox Media Group drops the sports talk programming on KONO-AM after three years as a CBS Sports Radio affiliate and is now airing an oldies format.

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RadioInfo Web bannerMusic Radio News and Career Moves.  In San Diego, air personality Sam Bass moves from middays to weekends on hot AC KYXY for personal reasons.  Moving into his slot on the CBS RADIO station is Joe Rosati, who slides over from sister CHR KEGY “Energy 103.7.”  Program director Chris Patyk promotes evening personality Alexia Gloria to middays on KEGY to fill Rosati’s old slot…..There are a few promotions to report at the Nashville operations of Midwest Communications.  First, Barbara Bridges – currently adult contemporary WJXA brand manager – is upped to operations manager for the entire cluster.  Second, afternoon drive host Joe Breezy is adding brand manager duties to his work at CHR WNFN “i106.7.”  Finally, WNFN midday personality Butter Harper takes on assistant brand manager responsibilities for the station…..Chad Valentine exits iHeartMedia’s CHR WHYI, Miami “Y100” as the result of his position being eliminated.  He was assistant program director and music director there…..Alexa Smith exits her role as program director at Sierra H Broadcasting’s hip hop KNRJ, Cordes Lakes, Arizona and rhythmic oldies KAJM, Camp Verde, Arizona after three months in the position.  Prior to that, she’d been APD at CBS RADIO’s rhythmic AC KTWV, Los Angeles “94.7 The Wave.”

Tuesday, March 12, 2013

| March 12, 2013

podcastone logoPodcastOne to Distribute CBS Evening News.  Norm Pattiz-founded Lauchpad Digital Media’s new PodcastOne.com enters into an agreement with CBS to present the “CBS Evening News with Scott Pelley” as a podcast available at the destination website.  The PodcastOne.com site also features CBS products “CBScbseveningnews image Weekend Roundup,” “Face the Nation” and “60 Minutes.”  PodcastOne.com launched in February and the company says it is “home to over 200 popular podcasts including Adam Carolla, Dennis Miller, Ron Paul, Penn Jillette, Laura Ingraham, Maria Menounos, Tom Green, Dr. Drew and many more.”  On the deal with CBS, Pattiz states, “Anytime we can work with CBS Radio News on anything, we jump at it.  Our relationship with them at Westwood One goes back over two decades and we’re delighted to be working with them now in the on-demand digital world.”  CBS Radio News vice president Harvey Nagler says, “We are excited to work with Launchpad in expanding CBS Radio News’ on-demand audio offerings and making our newscasts available for audiences to enjoy whenever, wherever and however they like.”

radioonelogoRadio One Awards Bonuses to Founder Cathy Hughes and CEO Alfred Liggins.  In a filing with the Securities Exchange Commission, Radio One announces bonuses of $1.5 million for company CEO Alfred Liggins and $500,000 for founder Cathy Hughes.  The company’s compensation committee decided that ligginsalfredHughes’ involvement in sales activities of its One Solution division “resulted in significant advertising commitments and revenue generation.”  For Liggins, the bonus was based upon the radio division’s 2012 performance.  The committee decided that “the radio division had met its EBITDA plan for the calendar year 2012.”  The committee also noted that Liggins’ involvement in TV One – which saw revenue up 8% and the division’s EBITDA increased to approximately $40 million – was also reason for the bonus.

atsingeredSalem Communications Signs New Contract with CEO Ed Atsinger.  The new contract for CEO Ed Atsinger to continue in that role with Salem through 2016 takes effect after his current deal ends on June 30.  For the next three years, Atsinger will make base salaries of $925,000 in 2013-14, $950,000 in 2014-15, and $975,000 in 2015-16.  That contract will expire on June 30 of 2016.  As is usually the case with chief executive officers, Atsinger will be eligible for bonuses at the discretion of the board of directors.

kantar media logoRadio Ad Spending Up 3% Says Kantar Media; Network Radio Up 16%.  The figures for ad spending across all media according to research from Kantar Media were recently released and, according to the company, radio ad spending was up 4% in the fourth quarter of 2012 and up 3% for the whole of 2012.  For the year, local radio spending was flat; national spot radio was up 3% and network radio – despite a down fourth quarter (-2%) – was up 16%.  National spot radio spending enjoyed a very good Q4 – up 8%.  Kantar Media North America chief research officer Jon Swallen comments on ad spending across all media.  “The advertising market has grown for three consecutive years and in 2012 it added more than $4 billion in spend, with the Summer Olympics and political advertising contributing about one-half of the gain.  Large advertisers also played a significant role.  After reducing their media budgets in 2011 as a precaution against slowing economic growth, the top 100 marketers reversed course in 2012 and invested more.”

limbaughrushOn the Nashville Talk Radio Scene, Premiere Networks Begs to Differ.  Last week TALKERS ran an item from WWTN, Nashville-based talk host Phil Valentine in which he claims to have the highest-cuming talk show in the marketvalentinephil based on the Arbitron Fall 2012 survey and beats  Premiere Networks hosts Rush Limbaugh, Sean Hannity and Glenn Beck.  Premiere tells TALKERS that, while technically that’s true, the claim is misleading.  The company states, “Valentine has five more hours of programming per week than Rush Limbaugh or Sean Hannity, and 10 more hours of programming than Glenn Beck — a key factor in Cume calculations; Rush has a larger Average Quarter Hour, Share and TSL; Valentine is on the FM dial during PM Drive in his home market; not only are they in different dayparts, but the Avg. Weekly Cume for the market is also greater during PM Drive than it is for 11:00 am to 2:00 pm; the PUR is also greater.”

grahammichaelTalk Host Michael Graham Announces Digital Initiatives.  Talk radio personality Michael Graham – who spent the past seven years hosting a show at Greater Media’s former news/talk WTKK, Boston – announces a new digital component to his brand to coincide with his recently announced Massachusetts-wide show heard on three Bay State signals.  Graham says his show is now able to be heard online and via smartphones through an app available at his site MichaelGraham.com.  That’s also where he’s operating his blog.

harrisonmichaelMichael Harrison Talks Candidly About Radio and its Future on WNYM (970 The Answer), New York.  In an interview conducted by weekend talk show host Frank Morano (morning host Curtis Sliwa‘s executive producer) this past Saturday morning (3/9), TALKERS publisher Michael Harrison discusses his views on the state and future of AM/FM radio.  In it Harrison states that the longevity of what is increasingly being marginalized as “terrestrial radio” will be determined by its broadcasters themselves and their dedication to preserving its legacy and pertinence to life in the 21st century.  Harrison offers his unfiltered remedy for radio’s problems and offers a simple-but-powerful formula for its continued relevance.  To hear Frank Morano’s interview with Michael Harrison click

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wachspawnstarDr. Daliah Wachs Becomes a Pawn Star!  Las Vegas-based medical doctor and nationally syndicated talk show host Daliah Wachs appeared on the March 11 edition of History Channel’s super-successful “Pawn Stars” show.  She’s pictured here with the show’s Rick Harrison during a break in the shoot.  During the program Daliah brought in an old pair of dental pliers used for tooth extraction and sold it for $170.  Members of the TALKERS editorial board who saw the show last night raved that Daliah was “articulate, charming, and her adorable self.”

KKOBbreakingbadBreaking Bad at KKOB.  Stars of the AMC hit series “Breaking Bad” visited Cumulus Media’s KKOB, Albuquerque – the city in which the quirky and compelling series is set – to discuss the show’s final season and much more.  Pictured here are (from l-r): actor Bryan Cranston, who plays protagonist Walter White; actor Steven Michael Quezada, who plays DEA agent Steven Gomez; KKOB morning show host Bob Clark; and morning show producer Jeniffer Davis.

North Korea Threats, New York Soda Ban Stayed, Unemployed and Job Seekers Down, Papal Conclave, Washington Sequester Battle and Funding of ObamaCare Among Top News/Talk Stories Yesterday (3/11).  North Korea’s nuclear threats and dismissal of 1953 truce; New York Mayor Bloomberg’s sugary drinks ban hits judicial roadblock; unemployment figures down along with numbers of unemployed still seeking work; the search for a new Pope; the ongoing battle in Washington over the sequester; and Republican funding attacks on the Affordable Care Act were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS.