Industry News

Judge Approves Audacy Reorganization Plan

As expected, United States Bankruptcy Court for the Southern District of Texas Judge Christopher M. Lopez approved Audacy’s Chapter 11 reorganization plan in which Audacy will equitize approximately $1.6 billion of funded debt, a reduction of 80% from approximately $1.9 billion to approximately $350 million. Prior to yesterday’s hearing, there were only two objections to the plan filed and both wereim settled beforehand. Audacy expects to emerge from the Chapter 11 process after approval from the FCC. Audacy chairman, president and CEO David J. Field says, “Today’s announcement marks a powerful step forward for Audacy, positioning the company for an exciting future. As expected, we have achieved a speedy confirmation of our prepackaged Plan, which will enable Audacy to pursue our strategic goals and opportunities in the dynamic audio business. We aim to drive accelerated growth and financial performance, capitalizing on our scaled, leadership position, our uniquely differentiated premium audio content and the robust capital structure that we will have upon emergence. I also want to express my gratitude to our team, who continue their outstanding work to serve our listeners and customers with excellence and fulfill our commitments without missing a beat.” The company notes that under the Plan, trade and other unsecured creditors will not be impaired.

Industry News

Audacy Files for Chapter 11 and Enters into Restructuring Support Agreement

On Sunday (1/7) Audacy, Inc entered into a restructuring support agreement (RSA) with a supermajority of its debtholders on the terms of a comprehensive restructuring that the company says will “significantly deleverage its balance sheet and further position Audacy for long-term growth.” Through the restructuring, Audacy and its debtholders will undertake a deleveraging transaction to equitize approximately $1.6 billion of funded debt, a reduction of 80% from approximately $1.9 billion to approximately $350 million. The company does not expect any operational impact from the restructuring, and trade and other unsecured creditors will not be impaired. To implement the deleveraging transaction contemplated in the RSA, Audacy and certain of its subsidiaries commenced prepackaged Chapter 11im proceedings in the United States Bankruptcy Court for the Southern District of Texas and has filed a proposed Plan of Reorganization that incorporates the terms of the RSA and is subject to approval by the Court. Under the terms of the RSA, a supermajority of debtholders committed to vote in favor of the Plan, which, when approved, will reduce Audacy’s funded debt from approximately $1.9 billion to approximately $350 million. Audacy’s debtholders will receive equity in reorganized Audacy. Audacy expects that the Court will hold a hearing to consider the approval of the Plan in February and to emerge from bankruptcy once regulatory approval is obtained from the Federal Communications Commission. Audacy has filed with the Court a series of customary “First Day Motions” to obtain Court authority for the Company to continue operating its business in the ordinary course without disruption to its advertisers, vendors, partners or employees. Audacy expects to operate normally during this restructuring process under its current leadership team. During the Chapter 11 process, certain of Audacy’s existing lenders have committed to provide $57 million in debtor-in-possession (“DIP”) financing, comprised of $32 million of a new term loan and a $25 million upsize of the Company’s existing accounts receivables financing facility from $75 million to $100 million. Subject to the Court’s approval, the DIP financing and the Company’s cash from operations and available reserves is expected to enable Audacy to fulfill commitments to employees, advertisers, partners and vendors. Audacy common stock will continue to trade over-the-counter under the symbol “AUDA” through the pendency of the Chapter 11 process. The shares are expected to be canceled and receive no distribution as part of Audacy’s restructuring. Audacy chairman, president and CEO David J. Field states, “Over the past few years, we have strategically transformed Audacy into a leading, scaled multi-platform audio content and entertainment company through our acquisition of CBS Radio and by building leading complementary positions in podcasting, audio networks, live events, digital marketing solutions and our direct-to-consumer streaming platform. While our transformation has enhanced our competitive position, the perfect storm of sustained macroeconomic challenges over the past four years facing the traditional advertising market has led to a sharp reduction of several billion dollars in cumulative radio ad spending. These market factors have severely impacted our financial condition and necessitated our balance sheet restructuring. With our scaled leadership position, our uniquely differentiated premium audio content and a robust capital structure, we believe Audacy will emerge well positioned to continue its innovation and growth in the dynamic audio business.”

Industry News

Audacy’s 2023 Q3 Net Revenue Down 5.6%

Reporting its operating results for Q3 of 2023, Audacy says net revenue for the period was $299.2 million, down 5.6% from the same period in 2022. The company reports a net loss of $234 million, up from the net loss of $141 million it reported in Q3 of 2022. The company reveals that local spot revenue was down 3%, national spot revenue declined 15% and network advertising revenue was down 5%. Digital revenue was $64.8 million, up 3% compared to the third quarter of 2022. Audacy also reports broadcast radio revenue by format and notes that news/talk format revenue was $43.35 million, a decline of 10.8% year-over-year. Sports talk revenue was basically flat at $72 million. Music format revenue wasim $145.7 million, down 7.1% year-over-year. Audacy president and CEO David J. Field states, “Audacy’s third quarter net revenues declined 5.6%, in-line with our quarterly guidance as ad market conditions have remained challenging, particularly on national business. Cash operating expenses were down 2%. We gained revenue share in the quarter, most significantly in radio in which we have achieved accelerating share growth since the start of the year. We also delivered solid gains in radio ratings share and digital audience metrics while making important progress on our tech roadmap and meaningful expense savings to improve our current and future business model. Fourth quarter is currently pacing down 9% on an as reported basis and down 4% on a same-station, ex-political basis. We expect Q4 total revenues to decline by high single digits and costs to decline by high single digits. As noted in our recent public filings, we remain in constructive conversations with our lenders to recapitalize the company’s balance sheet to establish a strong financial footing and position the company to capitalize effectively on our growth opportunities. Notwithstanding current challenges, Audacy has established a strong position as a scaled, leading multi-platform audio content and entertainment company distinguished by our exclusive premium content and top positions across the country’s largest markets. We salute our team for their strong work delivering solid growth against our key performance metrics and serving our listeners and customers with excellence.”

Industry News

Audacy Q2 2023 Net Revenue Falls 6.6%

On Friday (8/4), Audacy reported its operating results for the second quarter of 2023. Net revenue for the period was $298.5 million, down 6.6% from the same period in 2022. The company posted an operating loss of $135.3 million, compared to operating income of $23.3 million reported in Q2 of 2022. Audacy reports a net loss of $125.8 million, compared to the net loss of $773,000 it reported for the second quarter of 2022. Breaking down the company’s revenue streams, Spot revenue (local and national) was $187.1 million (down 3.7%), whileim Network revenue was $20.8 million (down 4.4%). Digital revenue was $66.7 million (down 4%). Audacy also reports revenue based on radio format and says revenue from sports stations was $65.6 million (up 1.2%), while revenue from all-news and news/talk was $44 million (down 14.8%). Revenue from music-formatted stations was $ 145.3 million (down 8.3%). Audacy chairman, president and CEO David J. Field comments, “Second quarter net revenues were down 6.6% in line with our quarterly guidance, imreflecting challenging ad market conditions. During the quarter, we saw accelerated growth across certain of our key performance metrics including radio revenue share, station audience ratings, and digital platform usage. We also made meaningful progress on our ad tech and ad product roadmap as we work to develop important new pools of digital demand and growth… We have initiated discussions with our lenders to enhance our balance sheet and establish a strong financial footing to enable the company to capitalize on its growth opportunities. Notwithstanding current challenges, Audacy has established a prominent position as a scaled, leading multi-platform audio company distinguished by our exclusive premium content, top positions across the country’s largest markets, and unrivaled leadership in news and sports radio. We continue to invest in our people, platform, content, technology and capabilities and serve our listeners and customers with excellence. Ad market conditions remain challenging but have stabilized entering the third quarter. We are pacing down 4% with local spot considerably stronger than national spot. We expect Audacy’s Q3 revenues to decline by mid-single digits.”

Industry News

Audacy Faces Stock Delisting from NYSE

Just eight days before its 2023 shareholder meeting at which it planned to put a reverse stock split to a vote, Audacy, Inc receives notice from the New York Stock Exchange that it is commencing proceedings to delist Audacy’s Class A Common Stock from the exchange due to Audacy’s stock reaching “an abnormally low selling price.” Trading of Audacy’s Class A Common Stock was halted on Tuesday (5/16) after the share price fell about 12% to $0.09 per share. Now, the NYSE will apply to the Securities and Exchange Commission toim delist the company’s common stock pending completion of applicable procedures. Trading of Audacy’s common stock on the NYSE is suspended but the common stock will continue to be able to be traded over the counter. Audacy says it intends to appeal this determination by the NYSE by filing a written request within 10 business days after receiving the notice. Audacy chairman, president and CEO David J. Field says, “Over the past few years, we have taken a number of transformational actions to give Audacy a leading, differentiated, and scaled position in the dynamic audio space, including podcasting, streaming audio, and our leadership presence across the country’s largest markets and our unrivaled strength in sports and news radio. While we are disappointed by the NYSE’s decision, we are hopeful we will find our way back to the exchange later this year as we execute our action plans which include a reverse stock split to satisfy NYSE rules, the continued execution of our liability management plans and working with our financial advisors to refinance our debt. Further, as macroeconomic conditions stabilize, we believe we will benefit from a general market recovery and will be able to capitalize on our investments in strategic transformation that position Audacy well for the future.”

Industry News

Audacy First Quarter Revenue Falls 5.7%

The company reports net revenue for the first quarter of 2023 was $259.6 million, a decrease of 5.7% over Q1 of 2022. Audacy reports that total operating expenses increased 1.9% and it is reporting an operating loss of $12.2 million compared to the operating income of $8.5 million it reported in the first quarter of 2022. Theim company posts a Q1 2023 net loss of $35.9 million, an increase of 225% compared to Q1 of 2022. Audacy chairman, president and CEO David J. Field states, “First quarter revenues were down 5.7% with local sales significantly outperforming national as challenging ad market conditions persisted. Cash operating expenses were up 3% during the quarter but are expected to be below prior-year levels for the remainder of 2023. Notwithstanding the difficult economic headwinds, we remain steadfastly focused on delivering significantly higher future levels of Adjusted EBITDA, capitalizing on our multiple growth drivers and our differentiated premium competitive position in the dynamic audio market. We are making progress on each of our drivers, including our podcasting and digital marketing solutions businesses, our reinvented streaming audio platform, our emerging ad tech and ad products, and our enhanced national enterprise business development efforts. In addition, we are encouraged to see some positive signs in our auto business as we continue our vigorous work to weather the storm and await future improvements in market conditions.”

Industry News

Changes in Executive Positions at Audacy

Audacy chairman, president and CEO David J. Field announces that Audacy president of sports Mike Dee is leaving his full-time position with the company and EVP and head of corporate business development Tim Murphy is exiting the company. Dee is transitioning to a new role as a senior advisor to the company. Field says, “During his tenure, Mike spearheaded our company’s foray into the rapidly growing sports betting space, including his work establishing record-breaking, multi-year partnerships with FanDuel and BetMGM, acquiring BetQL and the launch of the BetQL Network. Mike approached me in February about redefining his role within Audacy, where he could continue contributing but free up some bandwidth to pursue other professional interests.” Regarding Murphy, Field says, “Tim has been with Audacy for 15 years, playing a critical leadership role. Early in his tenure, he was the visionary behind WEEI.com, a landmark radio digital platform that blazed a new trail of innovation for its time… Tim has led corporate business development and provided outstanding leadership with key strategic, entrepreneurial, and industry partners and customers. Tim helped lead a number of important company business initiatives and technological, digital, and enterprise enhancements, including spearheading Audacy’s expansion into the podcasting space – developing strategy, and driving the acquisitions of Cadence13, Pineapple Street, and Podcorn. He has also played an important leadership role in working in collaboration with NAB and others on industry issues.”

Front Page News Industry News

Tuesday, November 8, 2022

Audacy Third Quarter Net Revenue Falls 4%. The company reports Q3 net revenue of $317 million – a decline of 4% over the same period in 2021. Additionally, Audacy reports an operating loss of $151.9 million compared to operating income of $29.3 million in Q3 of 2021. The company reports a net loss of $141 million for the third quarter of 2022 compared to the net loss of $4.76 million it reported during the third quarter of 2021. Breaking down Audacy’s revenue by segment, it reports local and national spot business was $205 million, a decline of 7.2% over the same period in 2021. Digital revenue (including podcasting) was $62.7 million, an increase of 2.1% over Q3 of 2021. Network revenue was $23.7 million, up 0.9% over the third quarter of 2021. Audacy chairman, president & CEO David J. Field comments, “Our third quarter revenues declined 3.8% as advertising headwinds impacted company performance. Solid double-digit growth in streaming audio and digital marketing solutions were offset by declining radio revenues. Our radio revenues were negatively impacted by our concentration in the country’s largest markets as small to medium market radio outperformed large market radio by 8% during the quarter. We remain deeply focused on executing our action plan to navigate the storm and emerge healthy and strong. We completed the sale of $56 million in real estate to enhance our financial position with additional sales in the pipeline. We launched the next generation of our Audacy streaming platform with innovative features including segment chaptering of live spoken-word radio shows. Since launch, digital listeners are up 25% while registrations have increased 15% and we have high expectations for the impact of the new platform on our future growth. We also continue to make progress on core strategic growth drivers such as national enterprise business development and our ad tech product roadmap to open important pools of demand and accelerate future performance. Looking beyond the challenging current macro environment, Audacy has been transformed into a leading, scaled multi-platform audio content and entertainment company, better able to serve listeners and customers than ever before. We are excited by the opportunities ahead and are deeply focused on continuing to best position the company to compete for significant growth in the dynamic audio market.”

Audio Pros Gather at FOX News for Reception. Pictured above are (from l-r) “FOX Across America” host Jimmy Failla, Westwood One SVP, head of operations Tim Seymour, FOX News Audio account manager, affiliate sales & marketing Tamara Karcev, and TuneIn chief content officer Kevin Straley at FOX News headquarters in New York as FOX hosted the reception to showcase its collection of radio and podcast offerings with media pros in town for the NAB Show New York last week. FOX News Audio vice president John Sylvester along with hosts Brian Kilmeade, Guy Benson, and Jimmy Failla spoke during the cocktail reception.

Talk Host Austin Petersen Joins Missouri’s ‘Real Talk’ Network. Former KWON, Jefferson City, Missouri morning drive talk host Austin Petersen – a former Libertarian candidate for president and U.S. Senate – joins Ellis Broadcasting & Media LLC’s “Real Talk” format as host of the 2:00 pm to 3:00 pm show. The programming airs on a
number of Missouri radio stations including: KXEN-AM, St. Louis; KRTK-FM, Hermann; KVMO-FM, Vandalia; and KRTE-FM, Steelville. Petersen says, “I can’t wait to take on this new challenge and get the chance to talk about the big issues with the good people in the St. Louis region. It’s a huge opportunity and I couldn’t be more grateful. You can expect hard-hitting interviews, freedom rants, and plenty of jokes and fun. I love gold, guns, freedom and my smokin’-hot, redheaded wife. We’ll look at the issues from all angles. We’ll think outside the box, avoid groupthink, and declare our independence from the tyranny of big government. Most of all, we’ll make freedom fighting fun again!” The network is owned and operated by the husband and wife team of Rick and Tracy Ellis. Tracy Ellis says, “When Rick and I started the ‘Real Talk Radio Network’ it was always important to us to make sure our listeners were kept up to date not only on local news and politics, but throughout the state of Missouri. We have followed Austin Petersen for some time and with his home base in Jefferson City, we felt he was the perfect fit to the puzzle at ‘Real Talk.’ Many local politicians came to us directly and spoke highly of Austin and how much they enjoyed being on his former show and would love to hear him on our stations.”

TALKERS News Notes. Announcing its coverage of the midterm elections, SiriusXM says it is presenting programming on its original political channels – Patriot, P.O.T.U.S. and Progress – with team coverage that extends from its regular daytime schedule into new live primetime and overnight programming. Additionally, on SiriusXM Triumph, starting at 9:00 pm ET Megyn Kelly will host a special live, commercial-free edition of her program on which she’ll share her perspective and analysis of election results as they come in, and will speak with leading experts and political observers. The Urban View channel, which focuses on issues affecting the African-American community, will also be live with special programming from 8:00 pm – 12:00 am ET…..PodcastOne is partnering with original “Friday Night Lights” cast members Zach Gilford, Scott Porter and self-proclaimed “Friday Night Lights” superfan Mae Whitman for an exclusive podcast and vodcast, “It’s Not Only Football: Friday Night Lights and Beyond” that debuts on Thursday (11/10). Each week, the trio will break down an episode of “Friday Night Lights,” giving listeners and viewers exclusive, behind-the-scenes stories and the latest going on in their lives. Episodes will feature guests that range from fellow cast members to close friends and colleagues…..Virtual News Center adds Flagler Broadcasting’s WBHU, St. Augustine Beach, Florida to its growing list of affiliate radio stations. Virtual News Center will provide local newscasts anchored by Amy Cherry with daily reporting from Rich Petschke.

Midterm Elections/Trump in 2024, The Economy, Elon Musk & Twitter, Russia-Ukraine War, January 6, Powerball Delay, and Subtropical Storm Nicole Among Top News/Talk Stories Yesterday (11/7). Today’s midterm elections that will determine control of the House and Senate for the next two years and former President Donald Trump’s teasing his bid for the White House in 2024; inflation and fears of a recession; the uncertain state of Twitter in Elon Musk’s second week as owner of the social media platform; Ukrainians and Europeans brace for a long, cold winter as Vladimir Putin continues his war; the Oath Keepers on trial for seditious conspiracy related to the January 6 Capitol attack; the record $1.8 billion Powerball jackpot drawing is delayed due to “security protocol issue”; and the development of subtropical storm Nicole were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Front Page News Industry News

Wednesday, February 23, 2022

iHeartMedia 2021 Fourth Quarter Revenue Up 14%. Reporting its financial results from the fourth quarter of 2021 and the year as a whole, iHeartMedia, Inc. says Q4 revenue was $1.06 billion, up 14% over the same period in 2020. Reporting by segment, iHeartMedia says its Digital Audio Group revenue was $273.2 million, up 59% over Q4 in 2020; Podcast Revenue was $96.6 million, an increase of 130% year over year; and Broadcast Radio revenue was $519.1 million, up 4.9%. Net income for Q4 of 2021 was $112 million compared to net income of $2.9 million in Q4 of 2020. For the whole of 2021, the company reports a net loss of $8.4 million compared to the net loss of $1.9 billion reported for all of 2020. iHeartMedia chairman and CEO Bob Pittman states, “We are pleased to report another strong quarter and to wrap up a very strong year, further evidence of our momentum and the continuing digital transformation of iHeartMedia into a data-led, digital business with important new platforms like podcasting built on the unparalleled scale and audience reach of our broadcast radio assets. We believe that this strong performance in Q4 and full year positions us well for continued growth in 2022.”

 

Audacy Q4 2021 Revenue Climbs 8%. The company reveals that net revenue for the fourth quarter of 2021 was $344.7 million, an increase of 8% over the same period in 2020, led by double digit growth in both digital and spot radio. Audacy reports that core spot revenue (local plus national excluding political) was $218.4 million, up 10% compared to the fourth quarter of 2020 while digital revenue was $68.1 million, up 16% year over year. Operating income for the quarter was $48.1 million, compared to an operating loss of $204.8 million in the fourth quarter of 2020. Audacy reports Q4 2021 net income of $21.4 million compared to the net loss of $162.3 million reported in Q4 2020. For the whole of 2021, Audacy reports a net loss of $3.6 million compared to the net loss of $242.2 million reported for all of 2020. President and CEO David J. Field states, “In 2021, we accelerated our organizational development through a number of important strategic acquisitions, organic growth initiatives, structural improvements, and content and senior talent additions. This was also the year in which we rebranded the company to reflect our evolution into a leading, multi-platform audio content and entertainment company with scaled audience reach and important leadership positions across the full spectrum of the dynamic, growing audio market. Our 2021 acquisitions of Podcorn and AmperWave, plus BetQL just prior to the start of the year, are important additions to our capabilities that will fuel accelerated growth and enhance how we serve our listeners and customers. Audacy today is well positioned to capitalize on the exciting growth opportunities within audio at the same time as we anticipate the continuing recovery of radio ad spending. We are off to a very good start to 2022 and our team is excited about the year ahead.”

 

Live From Donetsk. The Russia-Ukraine crisis has escalated to the major news/talk radio topic on the table triggering a scramble for hosts to sort out the facts from the fiction as a variety of perspectives – some quite controversial – are being aired out in the national conversation. WABC, New York all-night host Frank Morano provided the listeners of his program “The Other Side of Midnight” with something to think about early Monday morning (2/21) in terms of the “other side” of the story.  He conducted a long-distance, live phone interview with a man named Russell Bentley, an American expat and avowed communist who has lived in Donetsk for eight years after moving there to fight, alongside the separatists, against the Ukrainian government. Morano tells TALKERS, “I think Bentley did a good job not only describing what’s happening there with Russian troops being on the ground, but also explaining the mentality of how people there feel. I think it’s so unique compared to what folks are doing with this in talk radio. Russia’s recognition of Donetsk People’s Republic and Luhansk People’s Republic has drawn global condemnation, with the U.S. and several European countries agreeing to move quickly to respond with economic penalties. This was truly something different.” To listen to the entire interview, please click here.

 

Round One of January PPMs Released. The first of four rounds of ratings information from Nielsen Audio’s January 2022 PPM survey is released for 12 markets including: New York, Los Angeles, Chicago, San Francisco, Dallas, Houston, Atlanta, Philadelphia, Nassau-Suffolk (Long Island), Riverside-San Bernardino-Ontario, San Jose, and Middlesex-Somerset-Union (New Jersey). Nielsen’s January 2022 sweep covered January 6 – February 2. Today, TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways from this group of markets. In New York City, iHeartMedia’s news/talk WOR rose seven-tenths to a 2.8 share (weekly, 6+ AQH share) to finish ranked #13 while Red Apple Media’s crosstown news/talk WABC-AM/WLIR-FM also rose seven-tenths to finish with a 3.0 share good for the #12 rank in the market. Audacy’s all-news WBBM-AM/WFCS-FM, Chicago is back in the #1 spot after adding a full share for a 5.7 share finish. Across town at Nexstar’s news/talk WGN-AM, a 1.7 share increase gives the station a 5.2 share finish good for the #4 rank in the market. After a series of declines, Cox Media Group’s news/talk WSB-AM/WSBB-FM, Atlanta tacks on 1.1 shares for a 6.9 share finish that pushes it up to the #3 rank. See Mike Kinosian’s complete Ratings Takeaways from this group of markets here.

 

 

WOR-AM, New York Turns 100. Pictured above is the staff of iHeartMedia’s news/talk WOR-AM, New York celebrating the station’s 100th anniversary on the air. It was on February 22, 1922 that the station first went on air and the celebration included on-air reminiscences from past WOR personalities including: John R. Gambling, George Meade, Joan Hamburg, Shelly Strickler, Bill Korbel, and Daria Dolan. Above are (from l-r): assistant program director Scott Lakefield, creative services director Howard Hoffman; morning co-host Len Berman, morning show executive producer Natalie Vacca, morning co-host Michael Riedel, midday host Mark Simone, and program director Tom Cuddy.

 

 

Clay Travis & Buck Sexton Broadcast from Mar-a-Lago. The Premiere Networks nationally syndicated talk program “The Clay Travis & Buck Sexton Show” did a live remote broadcast from The Mar-a-Lago Club resort in Palm Beach on Tuesday (2/22) during which former President Donald Trump joined the program for a full hour to talk about subjects including the current crisis in Ukraine, COVID mandates, Democratic contenders in 2024, the Canadian Trucker protests, his future political goals and more. Trump also complimented the duo on the success of their show, saying “Congratulations. You’re knocking it dead. And that’s good. Rush would be proud of you.”

 

Michael Harrison Discusses the Concept of the “Media Station” on New PodcastTALKERS founder Michael Harrison presents a detailed explanation of the emerging concept he calls the “media station” in the debut installment of a new podcast titled, “Masters In Media,” hosted by Mark Goldman and Ryan McCormick of the firm, Goldman/McCormick Public Relations. Harrison explains the impact multimedia cross-platform branding is having on 20th century analog entities such as radio stations, TV stations, newspapers, magazines, movie theaters and record companies. He states, “All these different entities operated within their own lanes and were quite isolated from each other in terms of their mother platforms. Now there is no solitary mother platform for any media organization and companies cannot put all their ‘eggs in one basket.’ Today’s radio station is actually a media station. So are today’s newspapers and the like. They are all in the business of producing and distributing audio, video, graphics, text, information and entertainment.” Harrison also discusses what it takes to make it these days as a radio talk show host. Don’t miss this! To listen to the podcast in its entirety, please click here.

 

TALKERS News Notes. Radio syndication pro Adam Wilbur is promoted to SVP of affilaites sales & operations at Compass Media Networks. Wilbur continues to be based out of the company’s Los Angeles office and continues to spearhead the company’s affiliate sales, affiliate marketing, affiliate technical operations, and select content relationships. He says, “This 13-year journey has been an incredible ride. Thank you to all the hosts, producers, colleagues, affiliates and potential affiliates that make each day unique and unpredictable. I love it.”…..CNN Audio expands its podcast programming with the upcoming debut of “Diversifying” on February 28. Fostering insightful discussions about how the financial system can work for us, instead of against us, host Delyanne Barros creates a welcome space for people of color, women, single households, and others who have traditionally been left out of conversations around personal finance. Throughout the series, Barros speaks with real people, as well as with money experts, who are faced with the challenge of balancing cultural expectations with their own financial needs. Whether that’s struggling to negotiate pay as a woman of color, or supporting one’s parents as they enter retirement, “Diversifying” offers listeners actionable steps toward better financial health, all while validating struggles with money, no matter what the starting point.

 

Ukraine Tensions, COVID-19, SCOTUS Trump Ruling, Midterm Elections/Trump & the GOP, Arbery Verdict/Floyd Case, Inflation/The Economy, and Winter Weather Among Top News/Talk Stories Yesterday (2/22). The Western condemnation of Vladimir Putin’s Ukraine incursion after his recognition of separatist provinces; the slowing rate of COVID-19 cases in the U.S., Canada’s prosecution of trucker protesters, and threats of a trucker protest in Washington, DC; the Supreme Court rules against Donald Trump in his bid to keep his records from the January 6 committee; November’s midterm elections and Donald Trump’s influence over the GOP; the jury deliberates in the federal hate crime trial of the three men found guilty if killing Ahmaud Arbery; the soaring rate of inflation and the sliding financial markets; and the frigid winter weather affecting much of the U.S. were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.