Tag: "CoxReps"

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, June 27, 2019

| June 27, 2019

Cumulus to Sell WABC, New York to Red Apple Media for $12.5 Million. As TALKERS magazine tipped earlier today, Cumulus Media Inc. is agreeing to sell New York City heritage AM WABC to John Catsimatidis-controlled Red Apple Media, Inc., a wholly-owned subsidiary of Red Apple Group, for $12.5 million in cash.  Cumulus Media’s CEO Mary Berner says, “Today’s agreement with Red Apple is yet another step in the execution of our portfolio optimization priority to drive Cumulus’s long-term success.  Consistent with our financial goals, we intend to use the sale’s net cash proceeds to pay down debt and invest in the company to better serve our 250 million listeners and the advertisers who want to reach them.  We are also pleased that WABC’s excellent team will work with Red Apple following the transaction’s close to continue building this iconic station’s legacy.”  Under the terms of the agreement, Red Apple will take responsibility for programming WABC immediately following the close of the sale, which is expected to occur in the third quarter of 2019. Catsimatidis says, “I am very pleased that Red Apple Media Inc. has agreed to acquire 77 WABC Radio.  The station is a real New York legend with a rich history in broadcasting.  I started a radio show five years ago which is now available in 14 states and on the internet.  It has gained a large and loyal audience.  Our purchase of 77 WABC Radio is the next step in building a new broadcasting business, and we look forward to considering the acquisition of more broadcasting assets.  We plan to retain the excellent staff and talent working at the station now and look forward to working with them.”  Catsimatidis is the owner, president, chairman and CEO of Gristedes Foods, a large Manhattan-based grocery chain and the Red Apple Group, a real estate and aviation company with about $2 billion in holdings in New York, Florida and Pennsylvania.  He is also the chairman and CEO of the Red Apple Group subsidiary, United Refining Company.  He hosts a Sunday morning talk radio show on a number of stations along the East Coast out of his flagship, Salem Media’s WNYM, New York “AM 970 The Answer.”  Catsimatidis was the runner-up for the Republican nomination for Mayor of New York in 2013.

Exclusive! TALKERS Publisher Michael Harrison Speaks with John Catsimatidis.  Listen to Michael Harrison‘s conversation about his company’s acquisition of WABC, New York here.

Cox Enterprises Announces Sale of Cox Media Group Radio Assets to Apollo Global Management. This sale of the Cox Media Group radio station portfolio to private equity fund manager Apollo Global Management – the price not disclosed in the press release – will be less disruptive to the operations than a typical transfer of ownership of this size as it appears the new company will keep management in place. The deal calls for Cox Media Group’s radio station portfolio as well as its CoxReps and Gamut national advertising businesses to become part of a newly expanded media company called Cox Media Group, based in Atlanta, that acquired Cox’s broadcast television group and the company’s radio, newspaper, and television properties in Ohio back in February.  Cox Enterprises is maintaining a minority stake in the new company.  This deal affects some 52 radio brands in 10 markets – including heritage news/talk stations WSB-AM/WSBB-FM, Atlanta; WOKV-FM, Jacksonville; WDBO-FM, Orlando; and KRMG-AM/FM, Tulsa.  The new Cox Media Group will operate more than 60 radio stations across 11 markets.  The presser states that “the buyer plans to maintain the successful operating structure of Cox Media Group’s television, radio, CoxReps and Gamut businesses and leverage these assets to continue building a national media company with station properties in key markets across the country.”  However, the sale means Cox loses the grandfathered ownership status in Tampa and Orlando and will divest WPYO-FM, Orlando and WSUN-FM, Tampa in order to comply with FCC ownership caps.  Cox Enterprises CEO Alex Taylor says, “We are happy our Cox Radio and national ad platforms will continue to be operated with our television group.  Keeping these media businesses together gives us even more confidence in the future success of the new company.  We have spent many years fostering a culture of collaboration and innovation across these businesses and are pleased to see that work will continue.”  Apollo senior partner David Sambur adds, “We are thrilled to acquire the Cox Radio station portfolio, CoxReps and Gamut and combine them with the Cox Television business to form a new media company focused on quality local broadcasting.  Cox has deep roots in the media industry and has stood for the highest quality in local journalism for the past 120 years.  As we shepherd these businesses into the future, we are committed to investing in high-quality programming and fostering innovation in local media.”

‘Coach’ John Kentera Moves to Middays at ‘97.3 The Fan’ in San Diego. Market sports talk pro “Coach” John Kentera will take over the 12:00 noon to 3:00 pm daypart at Entercom’s sports talk KWFN-FM, San Diego “97.3 The Fan,” effective July 1.  Kentera will continue to host 97.3 The Fan’s pre- and post-game shows for Padres baseball games, “The Fan’s High School Football Show,” on Thursday nights in the fall, and serve as the color commentator on “The Fan’s Friday Night High School Football Game of the Week” broadcast.  Kentera served with former sports talker XEPRS-AM “The Mighty 1090” from 2003 through 2015.  His show replaces FOX Sports Radio’s Doug Gottlieb.  Entercom San Diego SVP and market manager Bob Bolinger says, “We’re thrilled to add Coach Kentera to 97.3 The Fan’s weekday lineup.  Coach has a rich history in San Diego and is truly beloved by the community, sports fans, and advertising partners alike.”

WGMN-AM, Roanoke Flips to News/TalkThe Roanoke Times reports that 3 Daughters Media has flipped WGMN-AM/W270CU, Roanoke from sports talk to news/talk.  The station dropped its 21-year affiliation with ESPN Radio and is airing FOX News Radio’s Brian Kilmeade show, Compass Media Networks-syndicated “Markley and van Camp” show, and the syndicated Tom Sullivan program.   3 Daughters owner Gary Burns tells the paper that more competitors in sports talk radio in the market have “watered it down.”  He also says of the flip, “I just think there’s a larger available audience in Roanoke for talk radio…than there is for sports radio.”

TALKERS News Notes. The nationally syndicated “Thom Hartmann Show” is now heard on Genesis Communications’ “News/Talk Florida” – the duo of WIXC, Titusville and WWBA, Tampa — airing in the 12:00 noon to 3:00 pm daypart…..Radio personality Susie Wargin – midday jock at iHeartMedia’s classic rock KRFX, Denver “103.5 The Fox” – is joining the radio broadcast team for Denver Broncos games this fall.  Wargin will serve as a sideline reporter alongside play-by-play voice Dave Logan and color commentator Rick Lewis. Games air on iHeartMedia’s news/talk KOA and KRFX-FM…..cabana announces it has published its 2019 Guide to Buying Podcasts.  The report includes new features, such as white-labeled case studies, “Ask an Ad Ops Expert” section, and insights into dynamic ad insertion.  cabana VP of digital sales Ilwira Marciszek says, “We’re seeing bigger brands with different goals entering podcast advertising, so we wanted to speak to their concerns directly.  Podcast advertising has worked for direct response, and it can work for all kinds of campaigns when used smartly.”  You can download the Buying Guide here…..Coastal Broadcasting’s sports talk KLRZ-FM, New Orleans “ESPN 100.3” is the new flagship for New Orleans Pelicans basketball beginning with the 2019-20 season.  Last season, games aired on iHeartMedia’s news/talk WRNO-FM.  Pelicans president Dennis Lauscha says, “We could not be more excited to begin this new era of Pelicans basketball with our new flagship radio partner and its devoted listening audience.  ‘ESPN New Orleans’ offers a tremendous daily sports lineup with a significant focus on the Pelicans, along with all of the local professional, collegiate, and high school teams.  This is an outstanding and natural alliance for our city and region.”…..Chicago media writer Robert Feder reports that WGN-AM weekend talk host David Plier is taking over the interim chairman position with the Museum of Broadcast Communications.   Plier has been and will continue to be a member of the museum’s board of directors.  He assumes the role from Larry Wert, who has been interim chairman since 2016.

44thAnnual Gracie Awards Luncheon Held in New York City. The Alliance for Women in Media Foundation presented the 44th Annual Gracie Awards Luncheon yesterday (6/26) at Cipriani 42nd Street in New York City.  Sheinelle Jones, co-host of “3rd Hour of TODAY” and co-anchor of NBC News’ “Weekend TODAY,” led the program alongside presenters Angela Yee from Premiere Networks’ syndicated “The Breakfast Club”; supermodel, TV personality and podcast host Emme; Roula Christie of “The Roula and Ryan Show” on KRBE, Houston; and Duarte Geraldino from Al Jazeera Digital and “PBS NewsHour.”  Winners in the Radio Local category included: Julie DiCaro and Maggie Hendricks, hosts of “The Julie and Maggie Show” on Entercom sports talker WSCR, Chicago; “The Jason & Alex Show” on Hubbard Radio’s KTMY, Minneapolis’; Jillian Barberie, morning personality on Cumulus Media’s  KABC-AM, Los Angeles; and Tara Granahan, talk show on Cumulus’ news/talk WPRO-AM, Providence.  See all the winners here.  The National Gracie Award honorees were recognized at the Gracies Gala on May 21 at The Beverly Wilshire in Beverly Hills.

Democratic Debate/2020 Presidential Race, Immigration Policy/Detention Facilities/Wayfair Protest, G20 Summit, Mueller to Testify, Iran Tensions, and Dominican Republic Tourist Deaths Among Top News/Talk Stories Yesterday (6/26).  Wednesday night’s debate featuring half of the Democrats seeking their party’s nomination; the Trump administration’s Southern border policies, the conditions at U.S. detention centers, and Wayfair employees’ protests over contracts to supply furniture to child detention centers; the G20 Summit in Osaka and President Trump’s plans to meet with Vladimir Putin; former special counsel Robert Mueller to testify before a House Judiciary subcommittee; the diplomatic break between Tehran and Washington; and the deaths and illnesses affecting travelers to the Dominican Republic 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. Urban programming pro Kenny Smoov is promoted to vice president, urban formats for Cumulus Media, a role in which he will serve as a corporate programming resource for the company’s 37 urban outlets.  Smoov has been with Cumulus since 2003 and is program director and morning host for urban contemporary WQQK, Nashville “92Q,” role in which he will continue…..Also at Cumulus MediaPatrick Scott is upped to program director for CHR WLTO-FM, Lexington, Kentucky “Hot 102.5.”  For the past three years, he’s been promotions and marketing director for Cumulus’ five Lexington stations…..Adams Radio of Delmarva names Angela Caswell senior account manager for the five-station music radio cluster that includes rock WZBH, Millsboro, Delaware “The Beach”; CHR WOCQ, Berlin, Maryland “OC 104”; classic rock WGBG, Fruitland, Maryland “BIG 107.7”; country WUSX, Seaford, Delaware; and WOQC-HD2 “KOOL Oldies.”  Caswell most recently served in the sales department at Delmarva Broadcasting, which recently sold its radio properties to Forever Media.