Tag: "Eagle Publishing"
Salem Communications Posts Q4 2013 Revenue Increase of 3.4%; Broadcast Up 1%. Digital was the key to Salem Communications’ 2013 fourth quarter revenue increase of 3.4% for the company as a whole. The broadcast sector was up 1% on revenue of $47.4 million and broadcast makes up about 60% of the company’s revenue. The company’s publishing sector was flat while internet and e-commerce was up 16.6%. Salem’s outlook for the first quarter of 2014 projects “total revenue to increase 9% to 11% over the first quarter 2013 total revenue of $55.6 million. The company is also projecting operating expenses before gains or losses on the sale or disposal of assets, impairments and stock-based compensation expense to increase 13% to 16% as compared to the first quarter of 2013 operating expenses of $48.2 million. This guidance includes the impact of the hiring of two new senior executives and the financial performance for the recent acquisition of Eagle Publishing. The guidance for the first quarter contemplates a loss of $0.4 million due to the assumption of some unfavorable contracts that will rapidly unwind and the fact that the first quarter is always a soft quarter in the book publishing business with the big titles being released in the spring and in the fall.”
Nielsen Study Ties Station Choice to Buying Behavior. In a release from Nielsen about its recent major market pilot test, the company says that “for the first time, a connection can be drawn between what consumers listen to on the radio and how they spend. This solidifies radio’s place as a valuable marketing platform for advertisers and media planners. The major market pilot test combined proprietary Nielsen data with anonymized panelist credit and debit card purchasing behavior covering more than 24 billion transactions and $2 trillion in annual sales primarily from the retail, travel, digital, restaurant, entertainment, financial services and telecom categories.” Results from the Dallas market, for example, show that listeners to pop radio spend more per buyer annually on casual dining than those listeners who prefer other formats. In the same market, rock and alternative listeners spend more per buyer annually in retail locations than listeners who prefer other formats. News/talk listeners, the study showed, go to the movies more each year that do listeners of other formats. Nielsen SVP of local media product leadership Farshad Family says, “The ability to determine how radio listeners among different formats like pop, news or rock are spending their dollars creates a unique opportunity for radio broadcasters to make a case for the value of their audience. We are just beginning to tell the story about the value of radio’s audience. As we make progress on conducting more links between listening data and purchase data, we will continue to share more insights with the marketplace.”
Ordway’s ‘Big Show Unfiltered’ to Begin Next Month. Longtime Boston sports talk radio host Glenn Ordway is returning with a daily, 3:00 pm to 6:00 pm program (“Big Show Unfiltered”), which will be heard via his SportstalkBoston.com website and on mobile devices. “I am so thrilled to once again be talking local sports in my hometown with the best fans in America,” comments Ordway, who presided over “The Big Show” for 27 years on Entercom-owned Boston sports outlet WEEI. “I look forward to presenting an alternative in the market that will feature the best of the past with some new, innovative elements and voices. There is no reason to hold anything back anymore – it is all unfiltered.” The renamed “Big Show Unfiltered” is set to begin in about two weeks (Monday, March 17) and it will include similar components from his WEEI program, such as “The Whiner Line.” It is believed that down the road, Ordway is planning to have his program air on a terrestrial radio network comprised of New England affiliates. Boston native Mike Salk, who co-hosted a program on Seattle’s KIRO-AM since 2009, replaced Ordway in afternoon drive on WEEI-FM alongside Michael Holley. Ordway’s final show on WEEI-FM was in mid-February of last year.
Logan Exits Shane Media. Stating on his Facebook page that he thought he’d “spend the rest of my working days in this chair at Shane Media,” Lee Logan says the fiscal realities of the industry have him exiting the consulting company and looking for his next great opportunity. Logan had been with Shane for the past seven years and was instrumental in assisting Radio One put its all-news format on KROI, Houston “News 92 FM.”
Freedom’s Voice Broadcasting to Purchase Dark KPTO, Pocatello for $75K. The principal of Freedom’s Voice Broadcasting is Tim Aalders who hosts the “Freedom’s Voice” talk show heard on United Broadcasting Company’s KTKK, Salt Lake City. Ted Austin’s Main Street Broadcasting is the seller for the signal that is currently dark. Aalders plans to expand the reach of his programming into the southeastern Idaho market. This is no announced timetable for KPTO going back on the air.
If Weekends Were Weekdays? Hey, They Are! That so many talk-formatted stations air infomercials on weekends is not news – nor is the programming-versus-sales paradigm so prevalent at many of these stations. Media consultant Walter Sabo says a little-known truth in the business is that Saturday midday is an indicative daypart and the second highest Homes Using Radio daypart. What could this mean to your talk station? Read Walter Sabo’s latest column here to find out.
Odds & Sods. The New York Festivals World’s Best Radio Programs announces the appointment of Michael Freedman, senior vice president and professor at University of Maryland University College to the New York Festivals International Radio Program Awards Advisory Board and GrandJury panel. NYF executive director Rose Anderson comments, “Michael Freedman brings over 35 years of broadcast journalism experience to his role as Advisory Board and GrandJury member. His creative vision and reputation within the industry will be a tremendous asset.”…..ESPN O&O WEPN-AM, New York “ESPN Deportes Nueva York” will continue to air New York Mets play-by-play in Spanish as the team and rights owner Clear Channel (English-language games will be heard on WOR) agree to continue the broadcasts through the 2016 season…..Hubbard Radio’s WTOP, Washington announces the addition of an entertainment section to its WTOP.com site with WTOP.com staffer Alicia Lozano named editor for the section. Director of digital media John Meyer comments, “As WTOP evolves into a digital news operation, we are continuing to dedicate resources to original digital content that will feed not only our website but also our radio and mobile platforms. The Washington area is rife with local stories concerning the arts, music, movies and more. Our entertainment section will bring these stories to life online and on-air.”…..Media consultant Holland Cooke (pictured above at left in the WABC, New York studios with host Laura Smith) is appearing on WABC, New York this weekend on “Saturday Café with Laura Smith.” Cooke, who also blogs at his SurvivalSpeech.com, will offer “9 Tips For YOUR Academy Awards Acceptance Speech.”
The Media Roundtable. TALKERS and RadioInfo sales and marketing specialist Al Herskovitz (standing) was a recent speaker at the Media Roundtable in Sarasota, Florida. His subject was “The Current State of Radio Broadcasting.” The Media Roundtable conducts a monthly meeting that brings together media executives and active participants from all types of media: radio, TV, cable, internet, newspapers, magazines, publishing, motion pictures, theatre arts. The purpose of the group is to review current and future news and developments in the media with an interchange of opinions and questions by those in attendance. The Media Roundtable originated in 1950 in New York City and moved to Florida in 1991 and is unique in the United States. It currently is chaired and managed by longtime TV executive Irwin Starr. While there are some 300+ active members, the luncheon sessions are limited to the first 50 who make reservations. Pictured here with Herskovitz are Starr at far left and media broker Burt Sherwood, second from left.
TALKERS Weekly Affiliate Roundup. The Envision Networks-syndicated “America Weekend” talk show featuring Paul Harris, Turi Ryder, Rob Carson and other personalities, is added to the program schedule at Ohana Media Group’s KAST, Astoria, Oregon.
‘Religious Rights’ Legislation Top News/Talk Story for Week of February 24-28. The story of Arizona Governor Jan Brewer’s veto of a “religious rights” bill that would have allowed businesses to discriminate against customers based on religious beliefs was the most-talked-about issue of the week, landing atop the Talkers TenTM. At #2 this week was scrutiny of the rollout and effects of the Affordable Care Act. Following at #3 was the political unrest in Crimea and Ukraine and the U.S.-Russia tensions accompanying it. And at #4 was the 2016 presidential race, Hillary Clinton’s prospects and the looming mid-term elections this fall. The Talkers TenTM is a weekly chart of the top stories and people discussed on news/talk radio and is published every Friday at Talkers.com. View this week’s entire chart here.
John Hogan’s Exit from Clear Channel Cushioned with Cash. Although the official line from former Clear Channel Media + Entertainment chairman and CEO John Hogan and the company is that he wanted to “spend more time with his family” and the time was right, a fair number of jaded industry watchers will never believe he wasn’t forced out – especially just seven months after he was moved to the company’s New York City offices to work more closely with CC Media Holdings chairman and CEO Bob Pittman. The company’s 8-K filing details what Hogan is walking away with after his time leading the division. Here’s what he can count on: $900,000, representing the amount previously earned by Hogan pursuant to a supplemental incentive plan with respect to 2012 performance; an annual bonus of $77,250 for performance during 2013; and a prorated annual bonus with respect to the days he was employed during 2014. Pursuant to the Separation Agreement and in consideration of the extension by Mr. Hogan of certain restrictive covenants applicable to him, the vesting of 93,076 restricted shares of Class A Common Stock of CCMH granted to Mr. Hogan on October 22, 2012 will be accelerated and CCMH will repurchase 83,938 of such shares (the aggregate repurchase amount of such repurchased shares, the “Repurchase Amount”), provided Mr. Hogan does not revoke the Separation Agreement. Additionally, in exchange for the Separation Agreement, Mr. Hogan’s release of claims and the extension of certain restrictive covenants applicable to him, and provided that Mr. Hogan does not revoke the Separation Agreement, CCB agreed to pay Mr. Hogan: $333,000, representing the remaining amount earned by Mr. Hogan pursuant to a supplemental incentive plan with respect to 2011 performance; an “equity value preservation payment” equal to $1,027,355, paid in a lump sum payment; a lump sum severance payment equal to (x) $1,538,000 minus (y) the Repurchase Amount; a severance payment equal to $3,297,000, paid over 36 months; and a payment of $1,000,000, paid over 12 months, beginning on the first anniversary of the date of separation. Hogan is also entitled to receive continued healthcare coverage for 36 months, continued secretarial services for 6 months, $20,000 in outplacement services, and a housing allowance of $25,000 per month for up to 9 months, which amount is grossed up for certain applicable taxes; provided, that the housing allowance payments will stop if Mr. Hogan ceases to have obligations under the terms of his current lease agreement. CCB also will pay up to $25,000 for Mr. Hogan’s reasonable legal fees incurred in connection with the negotiation of the Separation Agreement.
Sean Hannity to Air on Salem’s WDTK, Detroit. The Motor City destination for Premiere Networks’ Sean Hannity show is Salem Communications-owned WDTK. The program will air live in the 3:00 pm to 6:00 pm slot. It previously was heard on crosstown news/talk WJR since its 2001 national debut. WDTK general manager Chris MacCourtney states, “The opportunity to bring Sean Hannity aboard was one we felt we could not pass up. Sean was an instant hit when he came to Detroit and he continues to be one of the most popular talk personalities in the market. He will join an already solid lineup of talk talent on ‘News/Talk 1400.’” Since the first of the year, Hannity’s program had been added to Salem outlets WIND, Chicago; WWRC, Washington; and KSKY, Dallas.
Double Shot of WGN, Chicago News. Two items from Tribune’s WGN, Chicago: First, as Chicago media writer Robert Feder reported over the weekend, assistant program director Alex Quigley has been upped to operations manager at news/talk WGN, Chicago. Quigley worked in the market at former Emmis alternative rock WKQX as interactive program manager. When he first came to WGN he hosted the weekend show “ChicagoNow Radio” and “Chicago Preps Plus.” WGN vice president of creative content Todd Manley said in a memo to staffers, “This is a recognition of Alex’s role in our expanding future…He’ll be mentoring producers and searching for new talent that builds our farm system, coordinating special programming, scheduling, digging deep on ratings analysis, and dreaming big dreams.” Second, longtime television news personality Walter Jacobson brings his “Perspective” commentaries to the station beginning this Thursday. Robert Feder reports that the longtime WBBM-TV anchor who exited the station last February will present his 90-second feature on Thursdays during Bob Sirott and Marianne Murciano’s midday show and they will be repeated on the weekend during “The Sunday Spin: Politics with Rick Pearson” program. Jacobson will also appear as a contributor to various shows on WGN. Jacobson tells Feder, “Having been listening to WGN Radio since the day I became a reporter, and believing it’s the best in the business, I’m thrilled to be joining the team. For me, it’s a perfect fit at a perfect time. The station’s coming back, and 2014 is going to be an intriguing and exciting year in Chicago’s wild and woolly politics.”
Salem Communications Buys Eagle Publishing for $8.5 Million. It had been reported recently that this deal was on the way and now it’s official as Salem Communications enters into a deal to purchase the assets of Eagle Publishing that includes conservative book publisher Regnery Publishing, and digital properties RedState.com and HumanEvents.com. In a statement, Salem CEO Edward Atsinger III says, “Eagle is one of the most influential companies in the conservative media space. Its addition to Salem brings together a unique portfolio of conservative media properties and fits with our strategy of integrating traditional media and new media assets all serving the same target audience. The opportunity we like most about this acquisition is that each of Eagle’s businesses matches up so well with Salem’s extensive media platform. With 102 radio stations and a dozen major national websites all targeting the conservative community, this provides a perfect marketing platform to promote Eagle’s products to a wider audience.” The purchase price is $8.5 million and current Eagle CEO Jeff Carneal will exit the organization as a result of the acquisition.
‘A-List’ Talent Jon Bon Jovi and John Fogerty Added to Howard Stern Birthday Broadcast. The January 31 birthday bash broadcast for SiriusXM’s Howard Stern just added two more “A-list” talents as Jon Bon Jovi and John Fogerty will join Steven Tyler, David Letterman and Louis C.K. for the show to be hosted by Jimmy Kimmel live from the Hammerstein Ballroom in New York City. On his program, Stern announced, “We have told you on the music side of things that we have Steven Tyler coming by to do a little number in honor of my birthday, I’m so honored…[today] I am excited [to announce that]…Jon Bon Jovi is going to perform…I am very excited to see Jon and thank him for that. And also one of my heroes will perform that night—one of the greats, the all-time greats. A guy whose every record I bought when he was in Creedence Clearwater Revival, and later his solo stuff, John Fogerty will come by to perform two great songs – I won’t say what the songs are, [but] we’re really excited about that…the list just begins there, Robin, it just begins there [there is] a huge amount of musicians coming by to help us out…it’s great.”
Sports Talk Host Jeff Dubay Exits KSTP, Minneapolis in Budget Move. Twin Cities sports talk personality Jeff Dubay, who fought a public battle against drug addiction to return to the airwaves in the market on Hubbard Radio’s KSTP, has left the station in what he says is a budget-related move. The Star-Tribune reports Dubay – who worked at Clear Channel’s “KFAN” sports talk brand for 10 years before a crack cocaine addiction sidelined him – sent social media messages indicating that he was let go from the late morning show he co-hosted with Judd Zulgad because of financial reasons. The station posted a message on its Facebook page confirming the matter was financial and not performance related. The paper reports KSTP waived Dubay’s non-compete and he is free to work in the market if the opportunity arises.
Shannon Staying With the Redbirds. St. Louis Cardinals fans will continue to hear Mike Shannon as the voice of the National League team that appeared in the 2013 World Series, as the former MLB player signs a two-year contract extension. This will be Shannon’s 42nd year as a Cardinals broadcaster and 56th year with the team. According to club president Bill DeWitt, “Mike’s voice has become the soundtrack to St. Louis baseball. We look forward to having him back in the booth this season and for years to come.” It is anticipated that Shannon will call all Cardinals’ home games this year for St. Louis flagship KMOX and roughly 30 road games for the CBS Radio-owned talk station. Fox Sports Midwest‘s Rick Horton and former lefty relief pitcher Al Hrabosky will do the remaining road games. Shannon will continue his work throughout the year on KMOX pre-game, post-game, and morning drive call-in segments.
Great Read! TALKERS publisher Michael Harrison is pictured intensely absorbing the new book authored by independently syndicated talk show host Jim Blasingame titled The Age of the Customer: Prepare for the Moment of Relevance (2014 SBN Books). Blasingame is the longtime host of the very successful program “The Small Business Advocate Show” which is targeted to helping independent entrepreneurs and business owners cope with the day-to-day issues that face people running their own companies during this era of rapidly accelerating change. This book, Blasingame’s third, is “his best work yet,” according to Harrison and “must-reading for anyone out there on the perilous high seas of today’s turbulent marketplace…especially those who are doing it independently without the backing of the Wall Street/banking/big-time money machine.” Harrison goes on to say, “This includes those brave and hardy ‘Davids’ owning and operating independent radio stations and small groups, syndication companies and internet communications startups bucking the death grip of today’s mega-corporate ‘Goliaths.’” The premise of the book is that small business owners are operating at a time that is so momentous it has never happened before. Blasingame, a veteran of TALKERS magazine’s Heavy Hundred, identifies it as an epochal marketplace shift that’s causing the 10,000 year old Age of the Seller to be replaced by the Age of the Customer. With an introduction by Steve Forbes, Blasingame’s book reveals how these two ages are existing concurrently in parallel universes, and how much time business-people have left to join the emerging universe. He says relevance is replacing competitiveness and explains how to recognize when you arrive at the “moment of relevance,” how to connect with “new-influencers” who co-own your brand message; why you must be a good storyteller; the good, the bad and the ugly of social media; and he identifies the “killer app” that wasn’t a part of your past but will dominate your future. Broadcasters interested in learning more about this book and perhaps scheduling Jim Blasingame as a guest can visit AgeoftheConsumer.com or email firstname.lastname@example.org.
WHYY, Philadelphia-Led Local Journalism Center Awarded CPB Grant. The recipient organization of a Corporation for Public Broadcasting grant for $1.5 million is the new multimedia local journalism center (LJC), Keystone Crossroads — a collaboration of Pennsylvania public media stations. The new Keystone Crossroads is led by WHYY, Philadelphia. Pittsburgh’s WQED and WESA FM, Central Pennsylvania’s WPSU and Harrisburg’s WITF will be partner stations. The LJC will focus on the challenges the cities are facing, including a shrinking tax base and crumbling infrastructure, and enormous budget deficits. The Corporation for Public Broadcasting states, “By combining smart storytelling with energetic civic engagement, Keystone Crossroads will help Pennsylvanians see the challenges of their cities more clearly, understand how they are related, and create a forum for potential solutions at both the local and state levels.” CPB president Pat Harrison adds, “Local Journalism Centers are really centers of collaboration comprising public media stations working together to report on local stories with significant impact. This kind of focused collaboration ensures in depth reporting on issues of importance and concern to Pennsylvanians and of interest to all Americans.” In addition to Keystone Crossroads, CPB funds six other LJCs across the country, including: EarthFix based in the Northwest; Fronteras in the Southwest; Harvest in the Midwest; Innovation Trail in upstate New York, the Southern Education Desk in the South, and most recently the Energy LJC in the Rocky Mountains.
Chris Christie Scandal, Hillary Clinton in 2016, New Congressional Spending Deal, ObamaCare Enrollment Status, A-Rod Suspension/Legal Challenge, and Golden Globe Awards Top News/Talk Stories Yesterday (1/13). The ongoing analysis of the Chris Christie lane closure scandal and apology press conference; speculation about Hillary Clinton’s plans to run for president in 2016; the new $1 trillion spending plan approved by Congress; enrollment in healthcare plans via the Affordable Care Act; Alex Rodriguez 162-game suspension and his plans to challenge the arbitration ruling; and the aftermath of Sunday’s Golden Globe Awards were some of the most-talked-about stories on news/talk radio, according to ongoing research from TALKERS.
‘Quinn & Rose’ Honor Commitments, Forge Ahead in Post-WPGB Career. Pittsburgh-based talk radio morning show “Quinn & Rose” – Jim Quinn and Rose Tennent – are not looking back after their 10-year relationship with Clear Channel’s news/talk WPGB, Pittsburgh ended last month. As TALKERS managing editor and West Coast bureau chief Mike Kinosian notes in his story about the duo published today (12/12), not only are Quinn and Tennent continuing to operate their web base warroom.com, they are honoring commitments to listeners, charities and businesses made before their exit from the radio station. They have also been keeping in touch via social media with many of their P1s who’ve rallied around the duo. Tennent says, “I thought that I knew our audience was loyal – but I never knew just how loyal and passionate they were about the show. They really seem to care about what is happening to us personally. I am very moved by the response.” Read more about Jim Quinn and Rose Tennent here.
Life After Arbitron: Day One. Media consultant and TALKERS magazine contributor Holland Cooke reports in from the first day of the Nielsen Audio Client Conference & Jacobs Media Summit in Baltimore. Presentations focused on operating radio stations in a multi-platform universe; the importance of solving the problem of competing for ad dollars against media that can provide specific data; and the use of social media. Check out Holland Cooke’s report here.
Year-End Special Available from Premiere and TheBlaze. Premiere Networks announces the availability of an exclusive, three-hour radio special, “TheBlaze: The Year in Your Ear,” – a comprehensive review of 2013 featuring different perspectives from the hosts and writers of TheBlaze, Glenn Beck’s news, information and entertainment network. The company states, “From the government shutdown and North Korea missile threats, to the Boston Marathon bombings and the George Zimmerman trial, listeners will be treated to a recap of the biggest national events, news headlines and stories that shaped America in 2013.” Premiere reports the show is already cleared on KOA, Denver; WOAI, San Antonio; WPGB, Pittsburgh; KPRC, Houston; and KNRS, Salt Lake City, to name a few. It’s available for air between 12/25 and 1/5/14.
The $1.4 Billion Mystery: What Do Women Want? According to Sabo Media chairman Walter Sabo, the talk radio industry continues its modern era tradition of turning down a significant piece of the $1.4 billion advertising budget spent annually by the advertising community on female-targeted talk television. In a newly-posted article, Sabo writes these TV programs discuss:
- Celebrity gossip
- Diet & exercise
- Personal finance
- Balancing home and work
To read Walter Sabo’s entire piece, please click here.
Fred Dryer to Appear in TV Series. CRN Digital Talk Radio personality Fred Dryer (also a former pro football star and a seasoned actor) will appear in a recurring role in the NBC series “Crisis.” Dryer hosts a weekly talk show for CRN called “The PM Show with Fred Dryer” that airs Wednesdays at 7:00 pm ET. CRN CEO Mike Horn says, “Fred is such a talented, multi-faceted actor. He’s also a great guy – so as fans of his work and him as a person, we’re very excited.” Dryer plays Thomas Jefferson Smith, a powerful, confident and wise CIA agent who, despite being in his 60s, can still kick butt. The Rand Ravich thriller centers on Washington’s most powerful players pulled into an international conspiracy. To bring the most powerful people in the world to their knees, the conspirator must threaten what everyone holds most dear. The “Crisis” cast includes other stars such as Dermot Mulroney, Gillian Anderson, Rachael Taylor and James Lafferty.
Salem Communications Spotlighted by Bloomberg Businessweek. The business-focused publication shines a spot on Salem Communications after its recently announced purchase of Twitchy.com from conservative media figure Michelle Malkin. The piece notes that the company is using profits from its radio assets to fund acquisition of digital properties and that fits with its conservative political philosophy. Felix Gillette writes, “The move may signal that the same forces currently driving consolidation in the digital news industry at large are starting to gain momentum among the ranks of conservative news publishers online. Since the advent of the internet, a diverse constellation of conservative news outlets has sprung up across the country, creating a rich buffet for GOP-loving readers – and a major logistical challenge for the advertisers hoping to reach them. In theory, bringing more of the sites under a smaller number of roofs will appeal to the ad buyers who oversee rising digital marketing budgets while simultaneously providing cost savings for the publishers. Thus, the increasing pressure to consolidate.” The piece reports that in fiscal 2012 Salem “generated $108 million of gross profit on $229 million of revenue. Of the company’s operating income, significantly more came from its radio group ($47 million) than from its websites ($3.7 million).” It also points to Politico which says it hears Salem is in talks to buy Eagle Publishing – owner imprints Regnery Publishing, Regnery History, Eagle Financial Publications as well as digital destinations RedState.com and MarkSkousen.com.
ObamaCare Criticism, Budget Deal/GOP Stalls on Nominees, Mandela Tribute Sign Interpreter Controversy, and Obama Selfie-Flirting Flap Among Top News/Talk Stories Yesterday (12/11). Scrutiny of the rollout of the Affordable Care Act and criticism of HHS Secretary Kathleen Sebelius; the budget deal and the Republicans’ stall tactics on President Obama’s judicial nominees; the controversy over the sign-language interpreter at the Nelson Mandela tribute; and criticism over President Obama’s taking a selfie and “flirting” with Danish Prime Minister Helle Thorning-Schmidt were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS.