Tag: "Form 10-Q"

Thursday, May 28, 2020

| May 28, 2020

PPM Analysis: The Coronavirus Impact. TALKERS magazine managing editor Mike Kinosian presents augmented analysis of Nielsen Audio’s April 2020 PPM ratings with a look at how spoken-word stations performed (based on weekly, 6+ AQH share data). During the April survey, Washington, DC was the strongest spoken-word market with its stations combining for a 28 share. Boston was close behind with a 27.6 share and San Jose followed in third place with a 25.5 share. PPM markets showing the most improvement from the March survey to the April survey were led by Milwaukee (+4.6 shares), New York (+3.8 shares), and Salt Lake City (+3.6 shares). Conversely, markets that lost the most spoken-word share were Kansas City (-1.6 shares), Hartford (-1.4 shares), and Raleigh (-1.3 shares). See Mike Kinosian’s entire report here.

Re-Opening Across America, Statistics & Projections, Trump vs Twitter, Minneapolis Protests, China’s Hong Kong Policy, and Michael Flynn Case Among Top News/Talk Stories Yesterday (5/27). The gradual re-opening of the economy in states across the nation; the number of confirmed COVID-19 cases, the death toll, and projections for future cases; President Trump threatens executive action against Twitter for ‘fact-checking’ his tweet; protesters clash with police in Minneapolis in the aftermath of the death of George Floyd at the hands of police; China continues its aggressive policies in Hong Kong; and the process of “unmasking” is reviewed in the wake of the Michael Flynn case were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

TALKERS News Notes. Philadelphia online publication Crossing Broad reports that sports talk WPEN-FM “97.5 The Fanatic” afternoon host Mike Missanelli has been suspended a day after an on-air spat with producer Tyrone Johnson and air personality Natalie Egenolf. Missanelli, explaining his absence from the show, tells reporter Kyle Scott that he’s taking vacation time. Scott further reports that sources tell him fellow staffers at ‘The Fanatic’ are “fed up” with Missanelli and want him fired, but Scott writes that Missanelli’s show is crucial to the station’s bottom line and doubts management would take such a step…..WHAM-AM, Rochester evening host Shannon Joy tells Spectrum Local News that she had a “scary encounter” with a local man while leaving a recent re-open Rochester protest. Joy, who hosts a nightly 9:00 pm to 10:00 pm show on WHAM, says the man blocked her exit from a narrow street with his car, got out and screamed and ranted at her before returning to his car, taking out a large bottle of hand sanitizer and dumping it on her car. Police later arrested 40-year-old Morgan Bida and charged him with menacing…..A new date of June 15 has been set by Townsquare Media as the date it will release its first quarter 2020 financial data. The company says that the new June date will give it, along with its former and current independent accounting firms, the additional time it needs to complete the Form 10-K annual report for 2019 as well as the Form 10-Q for the quarter that ended March 31. Townsquare will hold an earnings call on that date and plans to present updates from its reporting segments for April and May…..WTMJ-AM, Milwaukee producer Rachel Frye is announced as the recipient of the first-ever Results Broadcasting Education Grant. The grant was created to provide student debt relief for broadcasters working in Wisconsin. Recipients get $1,000 for that purpose. Frye has been with WTMJ since June of 2014. She is a 2013 graduate of Western Illinois University. Good Karma Brands VP and market manager Steve Wexler says, “She’s hard-working, sets a very high bar of expectations for herself and our team and sweats the details.”

WBT, Charlotte Afternoon Drive Host Brett Winterble Is This Week’s Guest on Harrison Podcast. One of the rising stars of news/talk radio, Brett Winterble of WBT, Charlotte is this week’s guest on the award-winning PodcastOne production, “The Michael Harrison Interview.” After spending nearly a decade with Rush Limbaugh as a producer, Winterble – a seasoned pro – began his own conservative talk show in 2008. Since then he has been heard on Sirius XM Satellite Radio, plus KFWB, Los Angeles and until recently KFMB-AM, San Diego before joining WBT. He’s a graduate of Emerson College and American Military University with degrees in Political Communication and Homeland Security Intelligence Studies. Among the subjects Harrison and Winterble discuss include the growth and dynamism of the Carolinas, the US military, changes in technology and the radio business, the politics of COVID-19, and the uncertain state of the Republican National Convention scheduled for Charlotte August 24-27. The interview was produced on the eve of Memorial Day Weekend with an addendum recorded immediately following President Trump’s Monday morning threat to move the convention elsewhere if the governor of North Carolina fails to guarantee the arena be opened to full capacity. To listen to the podcast in its entirety, please click here or click the player box marked “The Michael Harrison Interview” located on the right-hand column on every page of Talkers.com.

Music Radio News and Career Moves. In Boston, Entercom flips WODS-FM from CHR to adult hits as “BIG 103 – Music Unleashed.” The company had cancelled “The TJ Show” starring TJ Taormina back in early April. Now, the station goes jockless at least for a while as it transitions to a format focusing on music from the 1980s, 1990s, and 2000s with core artists including: Guns N’ Roses, Prince, Journey, Madonna, Pearl Jam, The Notorious B.I.G., AC/DC, Britney Spears, and Blink-182, among others. Entercom Boston regional president and market manager Mark Hannon says, “As we continue living through one of the most challenging times in our country and the world, we are committed to providing comfort by delivering optimistic and entertaining content to our listeners. ‘BIG 103’ will be a straight-forward, no nonsense sanctuary for fans focused on great music and artists, accented with an irreverent tongue-in-cheek approach that reflects the spirit of our city.” The station says it will feature limited interruptions during its on-air programming through the “2-Minute Promise,” which will not stop the music for more than two minutes at any given time…..Beasley Media Group promotes Sherri Powers to chief engineer at its Detroit cluster that includes rock WRIF-FM, classic rock WCSX-FM, urban contemporary WDMK-FM and hip hop WMGC “105.The Bounce.” Powers was most recently assistant chief engineer. She says, “It’s been incredible working in radio over the past 29 years. I’ve had the great fortune and privilege of spending a great majority of my career with the incredible Beasley Media Group stations in the Motor City. I’d like to thank Mac Edwards and the incredible people I work with every day for their support!”…..Key Networks is launching the new country radio show “Shawn Parr’s Across the Country” on Monday (6/1) in 16 markets across the U.S. The program’s inaugural affiliates include: WGSQ-FM, Cookeville, Tennessee; KBCR-FM, Steamboat Springs, Colorado; WAKX-FM, Palm Coast, Florida; and WYOT-FM, Rockford, Illinois. Key Networks says the show is available for stations Monday-Friday via FTP delivery. It is customized to air anywhere in a station’s lineup between 6:00 am and 12:00 midnight.

Monday, May 18, 2020

| May 18, 2020

Monday Memo: Weekend Warriors, Battling the Virus. As the cooped-up are coping, radio talkers are listening. In last week’s column, consultant Holland Cooke polled a panel of weekday hosts, who describe the mood they’re monitoring. This week, HC rounds up weekend ask-the-expert hosts, who describe how callers’ questions flesh-out listeners’ lives during the shutdown now easing in phases. Read it here.

Re-Opening Controversy, Statistics & Projections, Trump IG Firings, Michael Flynn Case, Pressure on China, Ahmaud Arbery Case, Presidential Race, and Fred Willard Dies Among Top News/Talk Stories Over the Weekend. The concerns about safely re-opening the economies in states across the country; the number of confirmed COVID-19 cases in the U.S., the death toll, and projections about future infections; the political battle heating up over President Trump’s firing of inspector general Steve Linick; the DOJ’s dropping of the charges against Michael Flynn for lying in court and Republicans’ efforts to involve Barack Obama in the case; some 100 countries pressuring China for an investigation into its coronavirus efforts; the case of murdered Georgia jogger Ahmaud Arbery; the latest poll numbers in the presidential race; and comedian Fred Willard dies at 85 were some of the most-talked-about stories on news/talk radio over the weekend, according to ongoing research from TALKERS magazine.

Pending Business: Get Ready. Sales and marketing consultant Steve Lapa, president of Lapcom Communications, writes in today’s column that as most parts of the country begin transitioning out of mandated self-isolation, your clients are working through a maze of regulations and protocols completely new to them. Go with the “Three-E Theory” – be empathetic, energetic, and easy. Read his column here.

Mancow Asks Court to Toss Defamation Suit. A story in the Daily Herald by Harry Hitzeman reveals that WLS-AM, Chicago morning host Erich “Mancow” Muller is asking a Cook County Circuit Court judge to dismiss the defamation suit filed against him by former Harvest Bible Chapel pastor James MacDonald. If you recall, Mancow aired on his radio show secretly recorded tapes of MacDonald in which he wonders if child porn could be placed on the computer of a Christianity Today editor with whom he had a beef. MacDonald was subsequently ousted by his church’s board in 2019 and in response MacDonald filed suit against Muller late last year. Now, Muller files the Motion to Dismiss arguing that MacDonald is a public figure and it was Muller’s “duty as a Christian and media member to shine a light on MacDonald’s true character.” MacDonald’s lawyer is saying Muller’s motion comes too late, too long, and also argues Muller’s lawyer has a conflict of interest in the case as he once represented MacDonald. The two sides have a court date of June 12.

Josh Wolff Named VP of Programming for iHeartMedia Harrisburg-Lancaster. Programming pro Josh Wolff is promoted to vice president of programming for iHeartMedia’s Harrisburg and Lancaster, Pennsylvania markets. In this role Wolff will oversee all on-air content as well as music and digital programming operations for all of the Harrisburg and Lancaster brands. He will continue to program CHR WAEB “B-104” and rock WZZO in Allentown. iHeartMedia area SVP of programming Dave Hovel says, “With Josh’s strong leadership skills in Allentown, it was a no-brainer to elevate him to oversee iHeartMedia Harrisburg and Lancaster. The entire Harrisburg/Lancaster team is excited to have Josh in the role to lead and grow our iHeart footprint in the markets.” Before joining iHeartMedia’s Pennsylvania region, Wolff served as the music director and assistant program director for adult contemporary KESZ and adult hits KYOT “95.5 The Mountain” in Phoenix.

Beasley Delaying 2020 Q1 Financial Report. In a May 15 filing with the SEC, Beasley Broadcast Group, parent of Beasley Media Group, says it is unable to meet its Form 10-Q filing deadline due to the impact of the coronavirus pandemic on its business operations. The company notes that an order issued by the Securities Exchange Commission grants a 45-day extension to file certain disclosure reports. Beasley says it intends to file its Quarterly Report no later than June 29. In addition to the effect of the COVID-19 pandemic on its ability to complete its quarterly review, “the effects of the COVID-19 pandemic have caused disruptions to the Company’s business and operations, and the related uncertainty as to when or the manner in which the conditions surrounding the COVID-19 pandemic will subside have made it necessary for it to seek an amendment to its credit facility that would, among other things, amend certain financial covenants. For the quarter ended March 31, the Company was in compliance with its financial covenants related to its credit facility. However, at that time the Company was projecting that it was unlikely to be able to comply with its First Lien Leverage Ratio as of June 30. As a result, the Company is seeking and expects to enter into an amendment to its credit facility in the coming weeks, and projects that it will be in compliance with the financial covenants, as amended, over the next 12 months. If the Company is unable to obtain an amendment to its credit facility, it would result in an event of default, which would materially affect its results of operations, liquidity and financial condition.”

Townsquare Media Promotes Dobbins to VP. Sales pro Sarah Dobbins is promoted from director of sales for Townsquare Media’s Portland station group to vice president of sales for Northern New England, including the Portland and Augusta markets as well as the Portsmouth, New Hampshire market. She’ll report to regional market president & chief revenue officer Christine Sieks. Dobbins says, “Townsquare Media has an unbelievable combination of local marketing resources designed to help local businesses grow. Now more than ever, our local brands, digital marketing solutions, and attribution tools make Townsquare a powerhouse in Northern New England. I am excited to partner with Christine Sieks in maximizing our resources to drive sales growth throughout Maine and New Hampshire.”

TALKERS News Notes. Chicago morning personality Erich “Mancow” Muller – host at Cumulus Media’s WLS-AM – was one of the high-profile leaders of Saturday’s “Open Illinois Rally” organized and co-hosted by Josh Ellis of American Revolution 2.0. Mancow and a number of politicians and candidates gathered to “address the governor’s handling of the coronavirus pandemic response.” The intent was to demand the state legislature “work on guidance and provisions to safely open Illinois businesses and resume our work lives.”…..WHO, Des Moines afternoon drive personality Simon Conway tells TALKERS magazine it was a “great honor” to have President Trump call into his radio show on Friday (5/15). Conway says that when Trump was running for office, the two spoke many times but this was the first time they talked with Trump as president. “It doesn’t matter what people think about him, this is the President of the United States who picked up the phone and spoke directly to my audience.” Conway’s show is also heard on WMT-AM, Cedar Rapids and WOC-AM, Quad Cities…..Nexstar Broadcasting is presenting “COVID-19 The Virtual Town Hall” to be aired on its television stations across Connecticut tonight (5/18) at 7:00 pm.  The audio from the event will be carried by iHeartMedia’s 11 Connecticut radio stations. The Town Hall will include: Governor Ned Lamont, U.S. Senator Richard Blumenthal, U.S. Senator Chris Murphy, and numerous state representatives and health care experts…..BIA Advisory Services is presenting a webinar tomorrow (5/19) at 11:00 am called “2020 State of Media Sales Study” that will consist of answering such questions as: What’s on the minds of local media sellers as they operate in a post COVID marketplace? Where do they expect to find ad revenue? What verticals will have the most potential in Q3 and Q4 in 2020? And, which types of accounts will pose the biggest challenges? The webinar will share findings from the April 2020 study of media sales professionals about the past year and current, unusual conditions…..The Talk Shows USA-syndicated “Tom Gresham’s Gun Talk” program adds two new affiliate stations as KBRN-AM/ K280GR, Boerne, Texas and KIVA-AM/ K229CL, Albuquerque, New Mexico add the show to their weekend program schedules…..Westwood One News is presenting “The Summer of COVID-19” as its Memorial Day Weekend special. WWO says, “Barbeques and beaches. Death rates and vaccine hopes. It is going to be a summer like no other. American traditions are under threat, from backstage ball fields to seasonal staples like family vacations and summer camps, while others still plan to hit the road or take to the skies during an unprecedented health and financial crisis… correspondent Christopher Cruise explores how we got here and where we are going, or not going, this summer.” It replaces “The Week in Review” on May 23-24.

Music Radio News and Career Moves. On Long Island, Connoisseur Media’s four-station cluster that includes hot AC WALK-FM, rock WWSK-FM “94.3 The Shark,” classic hits WBZO “103.2 MAX,” and adult contemporary WKJY-FM “KJOY 98.3” shined a light on the mental effects of social distancing with a special live stream concert last night (5/17) to benefit The American Foundation For Suicide Prevention Long Island Chapter. The “Be Well Long Island” benefit concert featured performances and appearances by: Johnny Rzenick of the Goo Goo Dolls, Joan Jett, Scott Stapp, DMC from Run DMC, Kevin Martin and Brian Quinn of Candlebox, Fitz and The Tantrums, Vintage Trouble, and more. WWSK music director Brian Orlando says, “There are thousands of people suffering in silence right now. We at Connoisseur Media want them to know that they’re not alone.”

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