Tag: "fiscal Q4"
WBZ, Boston and WBZ-TV Win Peabody Award for Marathon Bombing Coverage. The CBS-owned television station and all-news radio outlet are being honored with a 2013 George Foster Peabody Award for overall excellence for their combined coverage of the Boston Marathon bombings. The citation from the Peabody Awards states: “Out in force to cover the annual marathon, both WBZ-TV and Newsradio 1030 had a journalistic advantage when the bombs detonated. Neither gave it up as their reporters spent hour after hour on the air providing wide-ranging, enterprising, non-sensational coverage of the casualties, the suspects and the intense, nerve-wracking manhunt. They become crucial sources not just to their city but to a stunned nation.” The awards will be delivered during the ceremony to take place in New York on May 19.
WABC, New York Covers Final Four. As the battle to claim the NCAA Men’s Basketball Championship title continues this weekend, Cumulus Media news/talker WABC, New York covers it from Dallas with Geraldo show regulars Noam Laden and Jared Max sitting in for Geraldo live from radio row on Friday and Monday from 10:00 am to 12:00 noon ET. They will also produce a special wabcradio.com only broadcast slated for Saturday April 5 at 10:00 am ET. WABC also partnered with WestwoodOne for a series of March Madness promotions including the Greatest Moments in Tournament History vignettes and an exclusive fly-away promotion to the Men’s National Championship game. Program director Craig Schwalb says, “Working with WestwoodOne on these opportunities is a huge win for our listeners and clients. Our audience is into the excitement, the personalities, and the stories surrounding the Final Four, and so is 77 WABC!”
‘102.5 The Bone’ Tampa Personality Cowhead to Drop Nickname; Seek Syndication Deal. In a piece in the Tampa Bay Times, WHPT, Tampa afternoon drive personality Mike Calta – who goes by the nickname Cowhead on the radio – says he will give up the sobriquet and begin the next phase of his career using his real name as of April 14. In fact, he’ll host an on-air funeral for the moniker. He tells the paper, “When I started at the ‘Power Pig,’ everybody had those types of names. I was Big Mike for a while but that didn’t really stick. Then they asked me if I ever had any nicknames in high school and I remembered that a few people called me Cowhead and it sort of stuck. The minute I said it I immediately regretted it…I think times change. Even the ‘Power Pig’ changed its name. As times change and you age, it just gets silly.” Calta also tells the Times that his contract with Cox Media is up in June and he’s looking to have a syndication deal be part of negotiations.
CBS Revamps Radio.com. Calling it part of the evolution of CBS Local Digital Media, the company announces the debut of the new Radio.com. The company says in a statement, “Four years ago, we launched our new digital media business, rethinking the way CBS’s radio and television stations operate online and in the mobile space. Since then, we have evolved into the largest digital business in local broadcast media. There are few companies that have the radio, television, digital, out-of-home, and events platforms we do, and as a result we’re able to better leverage our local market properties with national scale. As leaders in integrating digital and traditional media into experiences that resonate with consumers, we take our next step forward in that regard with the debut of the new Radio.com website and streaming player. More than just live audio and video simulcasts of our stations, Radio.com presents original programming, live webcasts, exclusive editorial features and storytelling, and interviews with some of the biggest artists and personalities in the world. Indeed, we have taken a different strategy than others in the industry by recognizing that this ‘other’ content has tremendous value to our audiences. The popularity of our programs has demonstrated our thinking is correct.” Highlights of the new Radio.com include: a fresh look and feel, with improved interactivity; ability to be embedded on other sites; improved ad insertion capabilities; better-quality playback and streaming; program schedules available in real-time; expanded social media opportunities; play history; artist and track information integration; simple song purchase; and enhanced station guide and navigation experience. CBS promises updated mobile apps in the coming months.
Beck’s TheBlaze TV Added to Cable ONE Menu. It’s another cable company addition for Glenn Beck’s TheBlaze TV. His 24/7 news, opinion and entertainment network channel is being added to Cable ONE. A statement from TheBlaze says Cable ONE is America’s 11th largest cable operator. This addition gives the TheBlaze TV “distribution on 54 television providers nationwide including seven of the top 30.” Cable ONE serves customers in 42 markets in 19 states, including Biloxi/Gulfport, Boise, Phoenix/Prescott, and Sioux City, among others. Cable ONE vice president of marketing Joe Falbab says, “We are very excited about adding TheBlaze to the Cable ONE lineup. Our customers have requested this channel and we are happy to be able to respond to that request. We are committed to listening to our customers and will continue to deliver to them the best possible programming.”
Emmis Reports Q4 Revenue Up 11%. Indianapolis-based Emmis Communications Corporation operates on a fiscal year calendar and its fiscal 2014 fourth quarter ended February 28, 2014. The company reports that its Q4 revenue jumped to $32.4 million from $29.1 million a year prior. If you cut out WEPN, New York (which is being operated by ESPN under an LMA), revenue was up 12% for the quarter. For the full year fiscal 2014, net radio revenue hit the $145.4 million mark realizing an increase in net revenue of 5% over 2013. In a press release this morning, the company reports “these results also outperformed Emmis’ local radio markets in which revenue growth improved 3% for the year.” President and CEO Jeff Smulyan comments, “Fiscal 2014 marked the fourth consecutive year we have outperformed our local radio markets and the radio industry as a whole. Our strong operating performance is the result of sound strategy and its execution by a phenomenal workforce that makes me so proud. We are very excited about the addition of WBLS and WLIB in New York and the momentum behind NextRadio as we head into fiscal 2015.”
NAB Radio Board Election Results. The results of the NAB Radio Board election are in and the members who will serve two-year terms beginning in June are: Pete Booker, president and CEO, Delmarva Broadcasting Company; Steven Cutler, EVP business development and corporate strategy, Clear Channel; Gary Exline, general manager, Eagle Communications, Inc.; Kim Guthrie, EVP, Cox Media Group; Erik Hellum, EVP, Townsquare Media; Deon Levingston, SVP/market manager, Emmis Communications; Margaret Perkins, president and CEO, First Natchez Radio Group; Mary Quass, president and CEO, NRG Media, LLC; Joe Schwartz, president and CEO, Cherry Creek Radio; Jose Valle, president, Univision Radio; Thomas Walker, president, Mid-West Family Broadcasting.
Odds & Sods. The WPHT Speaker Series – produced by CBS RADIO news/talk WPHT, Philadelphia – continues this evening (4/3) as station personality Dom Giordano interviews Tea Party leader, former Florida Congressman and veteran Lt. Col. Allen West at Valley Forge Military Academy and College. West is the author of the new book Guardian of the Republic…..Hubbard Radio’s all-news WTOP, Washington is sponsoring its “Click for a Cause” online contest that will give Washington, D.C. non-profits the chance to win cash and free commercial air time on WTOP. There will be three grand prizes of $10,000 each with runners up winning $5,000 worth of commercials to advertise their cause on WTOP…..WELW, Willoughby, Ohio changes its calls and brand. The Spirit Broadcasting-owned station is using the WINT calls and has branded the station “1330 WINTegrity Radio.” Station president Ray Somich says the change comes ahead of a major expansion to take place this summer. The station has served communities to the east of Cleveland for the past 50 years.
Deadly Fort Hood Shooting, ObamaCare Criticism, SCOTUS Campaign Donor Limits Ruling, Mid-Term Elections/2016 Presidential Race, Russian Aggression and House Benghazi Hearing Among Top News/Talk Stories Yesterday (4/2). The shooting at Fort Hood that claimed the lives of four and the preliminary investigation; scrutiny of the rollout of the Affordable Care Act and criticism of the White House “victory” presser; the Supreme Court ruling killing limits on personal campaign donations; speculation about political power shifts after the mid-term elections and the possible candidates for president in 2016; worries over Russia’s plans for Ukraine and other former Soviet bloc nations and President Obama’s tactics versus Vladimir Putin; and the Congressional hearings on the Benghazi incident were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS.
Emmis Reports Fiscal Q4 Results; Smulyan “Significantly Outperformed Our Markets.” Emmis Communications reports the results of its fiscal fourth quarter (which ended February 28, 2013) for 2013 with net revenue up 2%. Chairman and CEO Jeff Smulyan stated up front during the investor’s conference call, “I could not be more proud of what happened last year and I could not be more proud of what’s happening now. Because of our unique reporting structure, we have a pretty good handle on what the first quarter of our next fiscal year will look like and we’re equally pleased with that. I think it was a transformative year for Emmis for a couple of reasons. I think we solved this industry’s most vexing problems with capital structure and we did it because we have a unique culture here and a culture that I think stands out and I think people are starting to understand that their culture makes a difference.” Chief financial officer and COO Pat Walsh broke down the financials a bit, stating, “Pro forma for our station divestitures, radio net revenues consisting solely of our domestic stations grew 3%. Revenues in markets where Emmis competes, excluding barter revenues, grew 2.8% during the quarter. Emmis’ pro forma radio revenues reported on the same basis to Miller Kaplan grew 4.2%…automotive was once again our largest category, representing 11% of revenues, with the category growing nearly 20% as U.S. auto sales continued to accelerate. Wireless and financial services also exhibited strong growth at approximately 20%. Education and media also showed high mid-single-digit growth, high – mid to high single-digit growth. Other top ten categories such as restaurants, entertainment, healthcare and retail showed flattish growth with beverages off during the quarter.” During Q&A, Smulyan answered a question about whether IP-based services are sapping AM/FM audience. Smulyan responded, “We’ve been streaming like most of our brethren for almost 17 years and we haven’t cracked the code. We know Pandora hasn’t cracked the code. We know TuneIn hasn’t cracked the code or Spotify, so we know that that’s a challenge. I have one friend in the industry who says, let’s be honest. When we take a terrestrial listener at a 35% or 40% margin and we can convert that same listener to an IP-based stream, that listener goes from a 30% or 40% margin to zero.” Thanks to Seeking Alpha for the transcript. Read the entire call here.
Entercom Reports Revenue Down 2% in Q1. Entercom announces financials for the first quarter of 2013 and reports net revenue down 2% on $78.4 million. Station operating income was flat at $20.5 million and free cash flow increased from $1.2 million to $3.9 million. Entercom CEO David Field noted the drop in net revenue was offset by a 3% decline in station expenses. Regarding sales during the first quarter, Field said, “Local and national revenues were essentially the same with both down low-single digits. Our best-performing markets were Indianapolis, Kansas City, Memphis and New Orleans. Top-performing categories were financials, travel, telecom, home improvement and drugstores.” Looking at the company’s status in general, Field stated, “It is important to reiterate that our efforts to pursue smart ways to reinvent our business model have not come at the expense of reinvesting in our future. To the contrary, we continue to boost our investment in new brands and content, expanded distribution, better operating systems and enhanced digital platforms to strengthen our value proposition to our listeners and customers and create new revenue opportunities. And we are very pleased with the state of our brands. We had a very solid set of winter ratings results and like how we are positioned in our markets across the country.” Again, thanks to Seeking Alpha for the transcript. You can read the entire conference call here.
Arbitron Releases ‘Radio Today 2013’ Study to Clients; News/Talk #1 PPM Format. The full study is only available to Arbitron clients but here are some of the takeaways from “Radio Today 2013”: “News/Talk/Information and Talk/Personality remained the number one format in PPM markets and was number two in the rest of the U.S. The 2,121 rated AM, FM, HD Radio, and streamed stations in these formats far exceed any other format. Like other spoken word formats, they rank prominently in highly educated, high-income listeners.” And relative to TALKERS magazine’s analysis of the shared audience between news/talk and country in Jeff McKay’s piece above, the Arbitron report notes that “country and new country, already number one in our report last year, grew again to remain in first place and reach another record audience share. The format benefited most from an influx of listeners aged 18-24 and is even number two among teen listeners nationally.”
Odds & Sods. Journal Broadcast Group’s WTMJ, Milwaukee (along with its sister TV station with the same calls) was honored at this past weekend’s Wisconsin Broadcasters Association annual “Awards Gala” for broadcast excellence. WTMJ won radio news station of the year and radio station of the year. The station also won nine other awards including best radio show for “Midday with Charlie Sykes.”…..Andrew Marcus, director of the new film “Hating Breitbart,” which explores the life and impact of the late media guru Andrew Breitbart, will debate Wade Rathke, the founding organizer of the Association of Community Organizations for Reform Now (ACORN) on Rathke’s radio show. The show will air on May 17 at 10:00 am ET on KABF-FM, Little Rock, Arkansas, where ACORN was founded…..Entertainment Weekly editor Jess Cagle will moderate a Town Hall special on SiriusXM with film star Hugh Jackman on May 28 at 7:00 pm ET. Entertainment Weekly operates its own channel on the satellite radio service.
Radio America’s Dr. Joy Browne Program Adds 10 Affiliate Stations. The nationally syndicated Dr. Joy Browne program – now distributed by Radio America – picks up 10 new affiliate stations for the longest-running radio show of its kind. New to the program are: WWRL, New York; WSNO, Montpelier-Barre-St. Johnsbury, Vermont; KHGG, Ft. Smith, Arkansas; WNIX, Greenville, Mississippi; KWBW, Hutchinson, Kansas; WIMS, Michigan City, Indiana; WFEB, Sylacauga, Alabama; and KVPI, Ville Platte, Louisiana.
Internet Talk Station, LA Talk Radio, Continues to Grow – Adds Maria Sanchez to Daily Line Up. Veteran talk radio host Maria Sanchez is now part of the growing LA Talk Radio team as the host of her own daily live radio program, “The Maria Sanchez Show.” The show covers current events, newsmakers and lifestyles. As a woman, a mother, and a Hispanic, Maria is being presented by LA Talk Radio as having “a unique perspective that is not represented in most of radio.” A 20+ year career in radio, she developed her skills in the medium as a talk radio talent at KFI, Los Angeles, a weekend host and substitute host for such personalities as Bill Handel, John & Ken, and Phil Hendrie. “I am thrilled to be back behind the mic and to be working with LA Talk Radio! The ability to be relevant, topical, and without commercial interruption is a fabulous opportunity to really explore topics and guests” says Maria. Sam Hasson, owner of LA Talk Radio, tells TALKERS, “We look forward to a long and storied relationship with Maria, a true pro in the radio industry.”
24th Annual Imus Radiothon Airs on WABC, New York Next Week. WABC, New York-based Don Imus will broadcast the 24th annual “Imus Radiothon for the Imus Cattle Ranch for Kids with Cancer” next Tuesday and Wednesday, May 14 and 15. The radiothon will also be broadcast to Imus show affiliates and be seen on Fox Business Network from 6:00 am to 10:00 am ET.
The Georgia Radio Hall of Fame Announces Candidates for Career Achievement Awards. The Georgia Radio Hall of Fame announces the Career Achievement candidates. Members will cast their votes in July and eight Georgia radio professionals selected will be announced in October. The 7th Annual Induction Awards Ceremony will be held Saturday October 19, 2013 at the Atlanta/Marietta Hilton Hotel and Conference Center. The 2013 candidates (some positions are former) are: Harry Beadle, newsman at WGST, Atlanta; Tom and Paul Collins, The “Tiger Twins” on WQXI, Atlanta; Bill Edwards, host of “Good Morning Savannah” on WTKS, Savannah; Robert “Flash” Gordon, morning host on WKZK, Augusta; Steve Goss, host of “Morning Edition” on WABE, Atlanta; Charlie Hill, announcer at WCEH, Hawkinsville; Kaedy Kiley, morning host on WRVR, Atlanta; Greg McClure, program director at WFOM, Marietta; Kelly McCoy, afternoon host on WSB-FM, Atlanta; Nelle Reagan, host of “Talk of the Town” on WRGA, Rome; Bill Rice, host of “Soul Session” on WLET, Toccoa; Mike Roberts, owner WQMJ, Macon; Deborah Richards, news director, WKHX, Atlanta; and Mark Summers, mornings at WBBQ, Augusta.