iHeartMedia and Creditors Still at Odds Over Asset Shift. According to a report from Bloomberg, iHeartMedia and a number of its creditors have broken off talks to try to resolve the rancor over iHeartMedia’s shift of 100 million shares of Clear Channel Outdoor to a new subsidiary called Broader Media. Creditors including D. E. Shaw, Canyon Capital, Franklin Advisers and Franklin Mutual sued iHeartMedia over the move claiming that it violates the debt covenants. iHeartMedia argues that’s not the case and the move is designed to allow the company to deal more effectively with its $20 billion in debt. iHeartMedia told a Texas judge that if the creditors’ bond defaults are allowed to proceed, it would cause as much as $15 billion of the company’s debt to come due quickly and that would force the company into bankruptcy protection. The creditors argue that is not what they are trying to accomplish. iHeartMedia SVP and treasurer Brian Coleman says the company’s maneuvers are part of its Project Indigo, a long-term strategy designed to allow it to study ways to deal with its debt.
The Panama Papers, The Presidential Race/Wisconsin Primary, Iran Arms Shipment Case, North Korean Nuke Threats, Tennessee Bible Bill, and NCAA Championship Among Top News/Talk Stories Yesterday (4/4). The so-called “Panama Papers” that reportedly link numerous world leaders to schemes to hide wealth in off-shore accounts; the activities of the candidates for president and today’s Wisconsin primary; the capture of illegal arms being shipped by Iran; the threats of nuclear attacks by North Korea; the controversial Tennessee bill that makes the Bible the official state book; and Monday evening’s NCAA Men’s Basketball championship were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.
Eric Zane Lands at Sports WBBL, Grand Rapids. After exiting the nationally syndicated “Free Beer and Hot Wings” show based at Townsquare Media’s rock WGRD, Grand Rapids, Eric Zane has landed the morning show gig at Cumulus Media’s crosstown sports talk WBBL, effective April 7. Zane officially left the show in mid-February after being absent from the program without explanation. It appears Zane’s departure was the result of a contract dispute. Now, he’ll compete in the Grand Rapids market directly with his former co-hosts Gregg “Free Beer” Daniels and Chris “Hot Wings” Michels. The “Free Beer and Hot Wings” show is syndicated nationally by Compass Media Networks.
Lineup at ‘Altitude Sports’ in Denver to Launch on Friday. The newest sports talk radio station in the Denver market will officially launch on Friday, April 8 – the home opener day for the Colorado Rockies. Much of the news about Stan Kroenke-owned KRWZ, Denver (recently purchased from Entercom) is not really news as it’s been rumored and reported in the Denver media for some time. Here’s the lineup: Josh Dover hosts “The Morning Lineup” from 6:00 am to 7:00 am; the morning show will feature Tom Helmer, Lauren Gardner (an Altitude TV reporter), and former Denver Nuggets star Scott Hastings. Middays will be hosted by Vic Lombardi and Kyle Keefe. The station will also carry play-by-play of the NBA’s Nuggets, the NHL’s Avalanche; the MLS’ Colorado Rapids; and the National Lacrosse League’s Colorado Mammoth.
Odds & Sods. There’s been a morning show and midday program re-build at CBS RADIO’s KHTK, Sacramento. Carmichael Dave is now joined by Kayte Christensen and former midday host Nate Goodyear. In middays, Jason Ross is partnered up with newcomers Ken Rudolph and Damien Barling. Jay Johnson joins the station as executive producer…..Long Nine Inc.-owned news/talk WMAY, Springfield, Illinois adds an FM translator to its broadcast with the addition of W234CC, Sherman, Illinois at 94.7 FM.
Dr. Toni Grant Dead at 72. The cause of death is unknown at this time, but the Los Angeles Times is reporting that former radio talk show host and psychologist Dr. Toni Grant died in Beverly Hills on March 27. Grant’s radio career was launched on KABC, Los Angeles in 1975 in the overnight daypart. Her show eventually moved across town to KFI. It went into syndication and at its height was heard on some 180 affiliates. She was off the air from 1990 to 1997 when she re-entered the business. She last worked on air at KABC in 2001. Read the Times’ obit here.
Cool Job Opportunity. “PowerTalk 1360 and 1280” is searching for a local talk show host for afternoon drive in California’s Central Valley. Applicants must have spoken-word experience. General necessities include a passionate, opinionated, outspoken, larger-than-life personality with decidedly conservative values, obsession for news, politics, pop culture, and sports. The ideal candidate will bring an intuitive understanding of the unique values, morals and issues of the California Central Valley and be in sync with those values and perspectives. You must have the ability to speak to the audience as one of them; put a voice to their thoughts and beliefs…much more important than professional polish or experience. In a perfect world you have spent time working in the Central Valley but you don’t have to presently live in the Modesto/Stockton area. You will fully embrace the role of a LOCAL personality: specifically address and engage the LOCAL community issues, organizations, and interests, capitalize on endorsement opportunities, serve as station ambassador, be visible at all community functions, spearhead station and cluster community outreach. You must understand and dedicate your performance to the bottom line: your goals are ratings and unique visitors. See required skills and submit resume and demo here.
Glenn Beck’s TheBlaze to Be Available in Tri-State Area Via Cablevision’s Optimum TV. Beginning later this month, Glenn Beck-founded TheBlaze network will be available to New York City and the surrounding area as it will be included in Cablevision’s Optimum Preferred, Silver and Gold Packages. The channel is available to Optimum TV commercial customers with Optimum Business or Optimum Entertainment. Cablevision VP of video product management, Bradley Feldman, states, “Optimum TV is the only cable provider in the Tri-State area to bring our customers original programming from Glenn Beck’s TheBlaze, and the independent network will add more diversity to our strong lineup, providing our customers with more choices that our customers appreciate.” In a statement from Beck’s organization it says TheBlaze “offers a full slate of original news and opinion shows like ‘Real News,’ ‘Wilkow!’ and ‘For the Record,’ late night comedy like ‘The Wonderful World of Stu’ and ‘B.S. of A.,’ family-friendly programming like ‘Liberty Treehouse’ as well as thought-provoking documentaries and original specials. TheBlaze first launched on September 12, 2011 as GBTV and quickly grew into one of the world’s largest online streaming networks with over 300,000 subscribers. One year later, TheBlaze became a television network.”
CBS Q1 2013 Report: Company Up 6%, Radio’s Top 10 Markets Up 2%. The bulk of the discussion during yesterday’s conference call centered around TV for CBS, as it usually does. But CEO Les Moonves stated up front that the company continues to build “on the terrific debut of the CBS Sports Radio Network. We’ve added 20 affiliates to our roster since our last call. In addition, CBS Radio played a major role in this year’s success of the Academy of Country Music Awards. This is a show that perfectly complements our radio audiences, as evidenced by all the artists who mentioned the power of radio in their acceptance speeches.” CFO Joseph Ianniello noted that, comparable to the same period a year ago, the top 10 radio markets were performing up about 2%. Thanks to Seeking Alpha for the conference call transcript. Read more here.
Former Citadel/Cumulus Birmingham Cluster Manager Bill Thomas Sues Company for Unlawful Termination. Add discrimination to that under the Americans with Disabilities Act of 1990. Bill Thomas, a.k.a Michael Thomas Stainback, alleges in the complaint filed in United States District Court for the Northern District of Alabama that the company knew he had heart ailments that resulted from a 2009 heart attack yet he still performed his job well and even received bonuses based upon performance. Thomas alleges that in February of 2012, after telling Cumulus corporate management that he’d been diagnosed with congestive heart failure, he was terminated by the company six days later. He’s seeking unspecified damages as well as back pay.
‘Freedom Feens’ Show to Join GCN. The “Freedom Feens” weekend talk show co-hosted by Michael W. Dean and Neema Vedadi will debut on the Genesis Communications Network on Saturday, May 11. Dean and Vedadi describe their program as a “great-sounding, feisty weekend show about free markets, the police state, the war on drugs, the right to keep and bear arms, computer security, honest money, self-defense, self-employment, marriage, do-it-yourself media production, marketing, music and more.” Regarding the title of their program, the duo explain, “‘Feen’ means ‘fiend,’ and the ‘Freedom Feens’ support the rights of the smallest minority, the individual.”
Time to Do Some Spring Cleaning Out at the Transmitter Site. For many of you who broadcast out of the Northwest, Midwest, North, and Northeast, this winter was a bear! Snow, ice and wind can cause issues for your transmission facilities. So it’s time to do a thorough inspection of your transmitter sites – both the main transmitter sites and anywhere you may have an STL transmitter or receiver. In a timely article posted today (5/2) noted engineering consultant and TALKERS technical editor Tom Ray offers up an invaluable “to-do” list to make sure your transmitter remains happy in the coming spring, summer and fall months after enduring a pretty painful and damaging winter. Get the whole story here.
Odds & Sods. WRKO, Boston afternoon drive talk show host Howie Carr broadcasts live from La Verdad Mexican restaurant near Fenway Park this afternoon from 3:00 pm to 7:00 pm as he promotes his latest book , Rifleman (Frandel, LLC 2013), a true-crime story about infamous Boston mobster Steven Flemmi. Carr will stay after his program ends to sign copies of the new book…..Hubbard Broadcasting’s WTOP, Washington is conducting its second annual “Communter Idle” contest through Friday, May 3. The contest asks DC commuters to share their daily travel horror story to win prizes and possibly be the grand-prize winner who’ll receive $1,000 in gas money and a limo ride to work courtesy of Reston Limousine. Runners-up will receive $150 gas cards…..It may be a sign of the times that one of the most popular shows on CNN is the new “Anthony Bourdain: Parts Unknown” travel and food program that airs on Sunday evenings on the cable news/talk channel. But new CNN Worldwide president Jeff Zucker is so thrilled with the its performance that he’s already ordered another season of the show that will debut on September 15.
Cinchcast, Inc. Establishes Strategic Advisory Board. One of radio’s technological innovators and dynamic entrepreneurs of the new digital age, Alan Levy – founder and CEO of BlogTalkRadio and its “white-label” sister firm Cinchcast, Inc. – has announced the appointment of two well-known executives to Cinchcast’s new strategic advisory board: Tom Glocer, former CEO of Thomson Reuters and Steve Bornstein, former head of the NFL‘s digital media operations and ABC Sports/ABC, Inc. president and ESPN chairman. Levy tells TALKERS, “It’s an honor to be working with Tom and Steve as we continue to build, develop and scale the Cinchcast and BlogTalkRadio businesses.”
Practically an Exclusive. Senate Majority Leader Harry Reid (D-NV) doesn’t do a lot of conservative talk radio shows. But Talk Radio Network star Rusty Humphries – who spent part of his earlier career at KKOH in Reno – was able to secure a no-holds-barred interview with Senator Reid at Humphries’ affiliate station KDWN, Las Vegas. Reid was in his home state while the Senate is on recess and he spoke with Humphries about the hot issues facing Congress. Pictured here are (from l-r): Humphries, Reid, and KDWN program director John Shaffer.
Suspects Arrested in Marathon Bombing, ObamaCare Implementation, Benghazi Cover-Up Charges, and Gay Athletes Flap among Top News/Talk Stories Yesterday (5/1). The arrest of more suspects connected with the Boston Marathon bombing case; the cost and implementation of the Affordable Care Act; charges that the Hillary Clinton-run State Department covered up aspects of the Benghazi attack; and the flap in the media over gay athletes were some of the most-talked-about stories on news/talk radio, according to ongoing research from TALKERS.