Tag: "financial advice"
Clear Channel Media and Entertainment Up 4% in Q4 of 2012; Premiere National Sales Down. The Media and Entertainment division of CC Media Holdings was up 4% in the fourth quarter of 2012 on revenue of $821.5 million. But that figure was helped greatly by the $40 million in political advertising the division realized. Otherwise it would have been down by as much as $9 million. During yesterday’s conference call with analysts, CFO Tom Casey also said, “We increased national advertising sales by 17% over last year’s fourth quarter, or 3% excluding political, and local revenues grew 5%. We also saw a nice lift in revenue from digital, with our listening hours up 68% over the fourth quarter of 2011, fueled by increased iHeartRadio usage, which reached 118 million total listening hours in December.” But both Premiere Networks and the Total Traffic Network had down fourth quarters and are off to sluggish starts in 2013. The company does not break down specific numbers for these divisions. Casey did say Total Traffic Network is still struggling with the merger of Metro Networks. As for Premiere, he simply said national sales were weak for the division. For the full year of 2012 Casey reported, “Media and Entertainment revenues grew 3% to $3.1 billion. National revenue rose 9%, driven by both our new national advertising efforts and political. Local revenue was up 2% for the year. Our top advertising categories were auto and telecommunications. Political advertising reached $70 million for the year.”
Rush Limbaugh and Sean Hannity to Remain on WABC, New York – for Now. During yesterday’s CC Media Holdings conference call with analysts, chief financial officer Tom Casey did not give specifics when asked about the much-speculated-upon move of Premiere Networks’ Rush Limbaugh from his current and longtime home at Cumulus Media’s WABC, New York to Clear Channel’s crosstown WOR. But he did say, “No decisions have been made…we’re working through our options.” Contracts with WABC for both Limbaugh and Sean Hannity run through the end of 2013 and it doesn’t appear CC is preparing to exercise the 90-out clause and move the shows to WOR. Still, the option to move them to WOR in January of 2014 after their deals with WABC end must seem like a nice, clean way of doing it – if that is the company’s ultimate goal.
Sports Talk in Boston Is “Its Own Breed.” That’s the sentiment from sports talk personality Mike Salk, who is preparing to return to his native Boston to join Michael Holley for the PM drive shift on Entercom’s WEEI in mid-March. He says he can’t say enough about the people of Seattle and how much he’s enjoyed his time at Bonneville’s KIRO-AM co-hosting with Brock Huard. But he also says, “The passion and intensity of Boston sports fans – the frustration when things don’t go as they’d like – those things are different in Boston than anywhere else in the country.” Salk will fill the void in the afternoon show that opened when longtime Boston sports personality Glenn Ordway was let go from the station last week. Salk tells TALKERS the fact that Boston is such an intense sports town helps make WEEI “the gold standard for sports radio. It’s why people have always talked about it as one of the biggest sports stations, if not the biggest and most important sports station in the country.” Salk says the opportunity to work in his hometown at WEEI is one thing, but the goal is to capitalize on it and he’s excited about working with Michael Holley. “I’m looking forward to the opportunity to talk sports with him every day. Not just talk sports but ‘banter.’ That’s the fun thing about sports radio, it’s not always arguing, it’s not always angry or fighting; I think of it more as bantering – two guys going back and forth with a smile on their faces. Sometimes it gets heated, sometimes it’s just straight fun, but it’s banter.” Salk is a rabid Boston Bruins fan and he says he’s looking forward to getting back to a hockey town. “It’s in my blood. I grew up watching those games.” Salk and Huard helped build the midday show at KIRO-AM to the point they hit the #1 mark in men 25-54 last September. He’s been a part of the ESPN Radio network since 2007, hosting “SportsCenter Saturday” and serving as a regular fill-in host over the past few years. Prior to going to Seattle in 2009 he worked for ESPN 890 in Boston (WAMG) for four years co-hosting middays with Bob Halloran. Vice president of programming Jason Wolfe says, “Mike Salk has a proven record of success, and I couldn’t be more excited to bring him back home to Boston. He’s a very skilled broadcaster, a fun personality and a passionate sports fan. I’m really looking forward to the new dynamic that he and Michael Holley will provide on a daily basis.”
Emmis Adds FM Translator to Sports WFNI, Indianapolis Brand. The translator W298BB at 107.5 FM is simulcasting part of sister WFNI-AM’s programming but is carrying ESPN Radio’s midday programming of Colin Cowherd and SVP & Russillo from 10:00 am to 3:00 pm. In a statement, Emmis Indianapolis SVP and market manager Charlie Morgan says, “The launch of ‘FM 107.5 The Fan’ demonstrates Emmis’ deep commitment to making ‘The Fan’ Indy’s dominant sports brand. Given that Emmis is credited with creating the first sports talk station in the United States, it only seems fitting that we would deliver the city’s first FM sports station to Indy’s sports-loving fans.”
Illinois Attorney and Radio Host Found Liable in Missing Money Case. Illinois attorney Kathleen Niew, her husband and her law firm were found partially liable in DuPage County Court for the some $2.3 million that a local couple claims Niew misappropriated. Niew hosts a brokered financial advice program on Salem Communications’ WIND, Chicago. The couple, Jamal and Leda Khoury, deposited the money in an account controlled by Niew. According to the Chicago Tribune, her former attorney stated in court filings that the Niews are victims of the same crime as a third party is responsible for the missing money.
Odds & Sods. Hubbard Broadcasting’s WTOP, Washington reports a big January in the Arbitron PPMs. Vice president of news and programming Jim Farley says the station went up dramatically from January a year ago in the 25-54 demo. He also says, “WTOP is # 1 25-54 full week and both drives, #2 nights and #3 middays and weekends. Note the incredible 11.4 share in persons 25-54 in morning drive and the even more eye-popping 14.4 women 25-54. Full week we’re also # 1 with women 25-54 and I give the credit on that to WTOP PD Laurie Cantillo.”…..In another note from WTOP, the station announces it is adding Wall Street Journal Network news anchor Joan Jones to its roster of news anchors. Jones has been a network business anchor for Dow Jones/Wall Street Journal Radio Network since 2008, writing and anchoring network broadcasts and customized business updates for major market stations. Prior to joining WSJ, Jones was the morning news anchor at WPHT in Philadelphia and the morning co-host of “Chris and JJ” on Philly’s B101. She states, “What an honor to join this legacy radio station and to work alongside the best in the business.”…..WFLA, Tampa-based news anchor Martin Giles is retiring from Clear Channel on March 1. In a report from the Tampa Bay Times, the 76-year-old Giles says he’s leaving the place he’s been for 28 years due to the workload where the company requires them to do news for Orlando, Jacksonville, Tallahassee and other markets as well. “It’s an overload of work they were handing us. I’ve had a little trouble with it…I am really worn out when I go home on Friday.”…..The Heritage Foundation-produced “Istook Live!” talk show – hosted by former Oklahoma Congressman Ernest Istook – adds C.J. Wheeler as co-host and executive producer. In the additional role of executive producer, Wheeler will oversee the show’s content across radio, digital and TV platforms.
Sequestration/Deficit Reduction, Gun Control Issue, Immigration Reform, Soaring Gas Prices, and Oscar Pistorius Case Among Top News/Talk Stories Yesterday (2/19). The Washington battle over who’s responsible for the looming sequestration; the ongoing dialog over new gun control measures; the Obama Administration’s policy on immigration reform; the fast-rising prices at the pump; and the murder case of Paralympic star Oscar Pistorius were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS.