Dave Ramsey
Malzberg
Tag: "Good Day"
Wednesday, April 17, 2013
Arbitron Shareholders Approve Acquisition by Nielsen Holdings N.V. At yesterday’s special meeting of stockholders, Arbitron’s shareholders voted to approve the acquisition of the company by Nielsen Holdings N.V.
with 98.99% of the shares voting in favor of the agreement and plan of merger. These shares represented approximately 77.11% of total outstanding shares of Arbitron common stock as of the March 8, 2013 record date for the Special Meeting. As previously announced on December 18, 2012, Arbitron Inc. and Nielsen Holdings N.V. entered into a definitive agreement for Nielsen to acquire all of the outstanding common stock of Arbitron for $48.00 per share in cash. The deal remains subject to certain regulatory approvals, including expiration of the Hart-Scott-Rodino antitrust waiting period, and customary closing conditions.
Dial Global Closes on Recapitalization. Dial Global first announced plans to enter into recapitalization of its existing credit facilities, other obligations and equity interests back on March 4. Now, it reports it has entered into an Amended and Restated Credit Agreement with General Electric Capital Corporation, as administrative agent and collateral agent on a “First Lien Credit Agreement,” which, after taking into account a $15 million paydown, consists of a term loan of $136 million and revolving credit commitments of approximately $23 million, $18 million of which is drawn. The maturity date for that is October 21, 2016. DG also states it has entered into a Priority Second Lien Credit Agreement with Cortland Capital Market Services, LLC, as administrative agent and collateral agent, Blackrock Kelso Capital Corporation, as syndication agent and as the lender party for an additional $31.5 million term loan facility, with a maturity date of July 21, 2017. The Company issued to Blackrock penny warrants to purchase 7.5% of the Dial Global common stock. The Second Lien Credit Agreement was a restructuring of the existing approximately $93 million in second lien obligations and was accomplished by amending and restating the Second Lien Credit Agreement to provide for a $30 million term loan with a maturity date of April 16, 2018 and exchanging approximately $63 million in remaining obligations under the prior Second Lien Credit Agreement for a new Series A preferred stock of the Company. Lenders received penny warrants to purchase 12.0% of the Company’s common stock and 12.0% of the outstanding shares of Series B preferred stock, Series C preferred stock and Series D preferred stock. Those will be subject to forfeit, in whole or in part, if the Dial Global retires all or a portion of the $30 million second lien term loan and the Series A preferred stock held by such 2L lenders prior to certain specified dates. As part of these agreements, stockholders of preferred stock and warrants were granted certain corporate governance rights, including the right to elect three directors to the Dial Global’s new eight-person board of directors. The three newly-elected directors are Brian Pope, Marshall Merriman and Ethan Underwood.
Washington Post’s Erik Wemple Examines Smerconish Departure from WPHT. In a piece in the Washington Post, media writer Erik Wemple takes a look at Michael Smerconish’s exit from longtime home base WPHT, Philadelphia for his new employer SiriusXM and, more specifically, Smerconish’s unwillingness to be defined as a dyed-in-the-wool conservative Republican and the CBS Radio station’s move to remain true to the conservative talk radio
philosophy. Smerconish debuted this week on the satcaster’s POTUS channel – politics of the United States – that serves those interested in politics in general as opposed to the conservative and liberal talk channels the service also offers. Smerconish is not afraid to criticize what he believes are faults with both the news/talk format or the country in general, telling Wemple, “The problem for the country, I think, is that too many [people] cannot differentiate between entertainment and substance. The country is paying a price for this brand of polarized media…Too many politicians are taking their cues from people with microphones.” Wemple spoke with WPHT GM Marc Rayfield who says Smerconish’s philosophical change over the past few years veered from the station’s objective. He says there’s little passion for “middle-of-the-road.” He also says Smerconish “didn’t serve our core values. We wanted to remain conservative…We had been talking about the direction of the radio station for some time and we came to a mutual conclusion that we were not necessarily the best fit for each other.” Michael Smerconish will deliver the State of the First Amendment address at the Talkers New York 2013 conference in New York on Thursday, June 6. Read Wemple’s piece here.
Radio Legend Jim Bohannon Celebrates 30 Years in Syndication. The lifelong radio broadcaster has been in national syndication with Dial Global and its predecessors for 30 years as of Friday, April 19 when he celebrates that mark. Jim Bohannon began with the old Mutual Radio Network as a reporter and then started filling in for Larry King on his nationally syndicated program. The network was acquired by Westwood One and Bohannon took over for King’s late night slot in 1993. Bohannon recently re-signed with Dial Global (which acquired Westwood One) and will be honored with the “Lifetime Achievement Award” from TALKERS magazine at the Talkers New York 2013 industry convention in New York City on Thursday, June 6.
Doug Stephan Adds a Dozen Affiliates. Doug Stephan’s Stephan Multimedia reports the company has picked up a dozen new affiliates for the company’s radio offerings including Stephan’s “Good Day” nationally syndicated morning program, the weekend “Talk Radio Countdown Show” and others. New affiliates include: WNZS, Bangor, Maine; KTPA, Prescott, Arizona; WLBK, DeKalb, Illinois; KLEY, Wellington, Kansas; KMAS, Shelton, Washington; KVPI, Ville Platte, Louisiana; KXAR, Hope, Arkansas; KKLE, Winfield, Kansas; KOAL, Price, Utah; KUGN, Eugene, Oregon; WICO, Ocean City, Maryland; and WTIM, Taylorville, Illinois.
Media Management Group Expands into Network Syndication; Warren Eckstein’s Pet Show Joins Initiative. Longtime WOR, New York and WOR Radio Network personality Warren Eckstein returns to national syndication via Media Management Group’s new MMG Radio Network division. The syndicator reports Eckstein’s “The Pet Show” launched on Saturday, April 6 on more than 100 stations. 
Additionally, Warren’s “Pet Tip” can be heard daily on more than 200 stations. MMG also announces the new network will be led by Alan Eisenson, MMG’s EVP of business development. MMG states, “Eisenson has a 23-year background successfully programming news/talk radio stations in New York, Denver, Las Vegas and, most recently, Clear Channel’s news/talk properties in Sacramento and San Francisco.” On the new initiative, Eisenson says. “As the industry environment continues to evolve, the opportunity presented itself to acquire some of the format’s top talent in various niches. We’re thrilled to have seized that opportunity. We’re honored to be working with an accomplished pro like Warren Eckstein, and excited by the array of top caliber talent to come as we expand the network.” The MMG Radio Network says it will eventually include 12 hours of programming produced weekly and tailored for stations’ weekend lineups. The programs will also include a broad roster of digital elements, making them completely customizable for listeners to consume exactly when and how they wish.
Seton Hall University Radio Station Honors Alumni Glenn Schuck and Bob Windrem. Two alumni of Seton Hall University’s radio station WSOU, South Orange, New Jersey “The Loudest Rock” were honored at the station’s Hall of Fame induction ceremony this past Saturday. WINS, New York reporter Glenn Schuck (left) and NBC News producer Bob Windrem (right) were inducted during WSOU’s 65th anniversary dinner, which drew more than 200 people together to celebrate the station’s birthday. Some of the attendees included station alumni Bob Ley, Anthony Delia, Bill Rock, Full Metal Jackie, Pete Tauriello, Christina Stoffo, Frank Garrity, Mike DePippa, Joe Guzick, Mark Mitchell, and Gary Susalis, among others.
Boston Marathon Bombing Aftermath, Gun Legislation Proposals, and Teen Rape/Suicide Cases Among Top News/Talk Stories Yesterday (4/16). The aftermath of the Boston Marathon bombing was the dominant story on news/talk radio across the country on Tuesday. Other stories that registered included proposals for gun legislation and the high-profile cases of young teens allegedly raped who then committed suicide. The top stories are the result of ongoing research from TALKERS magazine.
Wednesday, March 27, 2013
Bob Pittman to Take Over Chairman of the Board Role at Clear Channel. CC Media Holdings, Inc., in an SEC filing announcing the annual meeting of stockholders on May 17, moves to replace Mark Mays as chairman of the board with current board of directors member and company CEO Bob Pittman. The filing states, “We believe that having the chief executive officer also serve as our chairman of the board provides us with a clear leadership structure. As our chairman and chief executive officer, Mr. Pittman will continue to provide our board with insight into our operations and help facilitate the flow of information between management and the board. Subject to his re-election as a director, Mr. Mays will remain a member of our board and we will continue to benefit from his experience as our previous chief executive officer.”
Good Karma’s WKNR and CBS Radio’s WKRK Team Up to Grab Cleveland Browns Football from Clear Channel. The Cleveland Plain Dealer is reporting that Cleveland Browns football – for years heard on
Clear Channel’s rock WMMS and news/talk WTAM – will air on WKNR “ESPN Cleveland” and WKRK “92.3 The Fan” beginning this fall. Obviously, the unusual aspect of this is WKNR is owned by Craig Karmazin’s Good Karma and WKRK is CBS Radio’s sports outlet in Cleveland – both stations competing for the same listeners. According to the piece, games will also air on CBS’ classic rock WNCX. The Plain Dealer reports that
CC, CBS and Good Karma were all bidding for the rights when the latter two decided to work together. Here’s how it is supposed to happen in the fall: a Rob Chudzinski coach’s show will air (on which station it’s not yet known) and the “Cleveland Browns Daily Show” on WKNR will expand from one hour to two. Game days will see WKNR broadcast a four-hour pre-game show and WKRK will broadcast a two-hour post-game program. It is expected that the booth team of Jim Donovan and Doug Dieken will remain in place.
Entercom Ups Weezie Kramer to Station Group President. Weezie Kramer has been with Entercom as a regional president since 2005. Now, the company promotes her to station group president putting her in charge of all 121 Entercom radio stations. In this post she will supervise Entercom regional presidents Michael Doyle and Deborah Kane and chair the company’s operating committee. She’ll also continue to be in charge of a number of the company’s 23 markets and report directly to Entercom president and CEO David Field, who says, “For years we have operated with three wonderfully talented regional presidents, but the time has come to align our station group under a single operational leader to drive stronger organizational cohesiveness and effectiveness. In elevating Weezie to this role, we will enhance our coordination and clarity and drive faster decision-making. She will continue to work closely with Deborah Kane and Michael Doyle, providing an outstanding leadership team for our markets.”
Doug Stephan’s “Good Day Crowdfunding Show” to Put Entrepreneurs in Front of Giant Audience. Doug Stephan’s nationally syndicated morning radio program – now in its 25th year – is inviting entrepreneurs to the largest crowdfunding pitchfest ever. In a statement, Doug Stephan says, “‘The Good Day Crowdfunding Show’ brings the buzz of a broadcast radio reality series and pits crowdfunders in a contest judged by crowdsourcing industry thought leaders. 
Entrepreneurs and businesses interested in raising capital, social lending and fundraising websites for their products, charity projects and creative ideas are invited to ‘pitch the experts’ on the first crowdfunding radio reality series.” Good Day Crowdfunding has launched its own pre-launch to build community where crowdfunders can engage at http://GoodDayCrowdfunding.com. Inside the community is a unique incubator project, Startup America Crowdfunding, where participants are guided from start to finish through successful money-raising campaigns. The release continues, “As part of the project, creators of the best ideas will get a shot on the ‘Good Day Crowdfunding Show,’ to pitch their idea to millions in a fast-paced reality format. The incentive is simple: The better the idea, the more promotion and airtime to over 3 million daily listeners across the US and online.” The addition of the crowdfunding segment to Stephan’s program comes as the program begins working with Mike Hayes, current host of “StartUp America News” and an expert in entrepreneurship. Hayes states, “This new reality based radio program is the ‘American Idol’ of crowdfunding. Our intention is to help boost the impact of crowdfunding on America’s economy by creating and supporting crowdfunding success stories across any available platform. We want to enable anyone, anywhere to follow, and fund their dream projects.” Others joining Good Day for this project include: PR expert Ronjini Mukopadhyay, who has been central to several highly successful crowdfunding campaigns including StickNFind; entrepreneur Danny Kastner, a contestant on ‘The Apprentice’ and developer of Crowdjammer, a crowdfunding community solution designed to drive campaign backers to any crowdfunding project; and social impact marketer Robin Eschler, host of “Socially Conscious Investing” online radio and a pro in social lending, impact investing and online marketing.
Dentists are Prime Prospects for Radio Advertising. Have you noticed when you visit your friendly family dentist lately that the office has likely evolved from projecting a serious “professional” environment to more “commercial” one with signs promoting elective cosmetic procedures (such as teeth whitening), electric toothbrush sales, awards programs for recruiting new patients and “like us on Facebook” display cards? The fact is, dentistry has changed over the years and today’s young crop of dentists find themselves in a business that requires far more media promotion than their cavity-filling forebears ever thought about (or would consider appropriate). In a helpful article posted today (3/27) noted radio consultant and TALKERS columnist Holland Cooke sinks his canines into a potentially lucrative sales lead category. Read it here.
Washington-Based Talker Joe Madison Exits WOL, Washington. Talk radio personality Joe Madison’s program has been based at SiriusXM for several years and the show was carried by Radio One’s WOL, Washington after the latter had served as Madison’s base for more than a decade. Now, Madison’s program is off WOL and solely available on SiriusXM’s “The Power” channel. Radio One doesn’t appear to have a permanent AM drive replacement for Madison yet as midday host Ron Thompson has been sitting in.
Birmingham Sports Media Personality Paul Finebaum Inks Book Deal. Former WJOX, Birmingham sports talk host Paul Finebaum has signed a deal with Harper Collins that, according to SBNation.com, will tell the story of his radio show and its effect on the SEC. Finebuam tells Al.com, “Primarily, it’s about the culture of the show and how the culture of the show interacts with the SEC. But it does quickly go through my career and how we got to this point. There will be commentary on why the SEC is better than everyone else. It will certainly talk about the dominance of not only Alabama, but the conference. The radio show will be woven in and out of the book, featuring little vignettes on the callers.” Harper Collins plans to officially announced the deal this week. Finebaum’s regionally syndicated radio show – now off the air after he left Cumulus Media’s WJOX and is sitting out a non-compete period – was also heard on SiriusXM. It is expected that once the non-compete period elapses in late April, Finebaum will cross the street and base his program from WZNN, Birmingham “ESPN 97.3 The Zone” which is in the process of being sold by Cox Media Group to SummitMedia.
BIA/Kelsey Sees Radio Station Online Growth Rising at Faster Pace. The media advisory firm reports that, according to its first 2013 Investing in Radio Market Report, “Radio industry over-the-air revenues inched slightly upwards in 2012, increasing to $14.3 billion, a 1.5% change 
from the year before.” The company goes on to say that the “slight change is due in large part to the sluggish overall economy for 2012 and the increased competition radio faces in the local media market.” It notes “station revenue mix will continue to shift somewhat and income from online advertising is expected to rise at a rate of about 10.8% annually over the next five years versus 2.5% from over-the-air.” For 2013, BIA/Kelsey forecasts over-the-air radio revenues should see 2.3%, or $14.7 billion, again due to the slightly stronger economy. BIA/Kelsey forecasts radio’s online revenue growth will reach $818 million by 2017, while the industry’s combined total revenue will reach $17 billion by 2017. Vice president and chief economist Mark Fratrik states, “As the digital marketplace continues to rise in all sectors of advertising, radio is improving its listener engagement online and benefitting from the value of its web and mobile assets. Overall, the industry is still recognized as an important part of the media mix as it continues to meander around, rising slightly with the rate of inflation but not keeping up with the economy.”
Arbitron Names Monica Narvaez Hispanic Broadcaster Account Specialist. In a role newly created, Arbitron Inc. appoints Monica Narvaez Hispanic broadcaster account specialist. The company reports her duties will include: promoting the power of Spanish-language radio; generating solutions to help address Hispanic radio group needs; and developing programs for Spanish radio group training initiatives. Narvaez has been with Arbitron for 10 years. Prior to joining Arbitron she served with Nielsen as a web trainer, working with TV station research directors and sales executives using Scarborough Research.
Odds & Sods. Dial Global’s Dennis Miller interviews former Massachusetts Governor and former Republican presidential candidate Mitt Romney on his nationally syndicated show today (3/27)…..Legendary actor and CRN Digital Talk Radio personality Robert Conrad says he is doing fine despite rumors on the internet this week that he has passed away. Conrad, who hosts his own show on the network on Thursdays from 3:00 pm to 5:00 pm PT, says, “I’m feeling well and in good health so I’m very surprised to hear that I’ve passed away, I must’ve missed that memo.” The CRN studios received numerous calls from his listeners about the report…..Current.org reports that University of Alabama Birmingham-owned non-commercial WBHM, Birmingham news director Tanya Ott is moving to Georgia to take on the vice president/radio for Georgia Public Broadcasting.
The FCC Approves Move of WAXY-FM, Miami Signal. Lincoln Financial Media’s acquisition of CBS Radio’s former AC WEAT, West Palm Beach was executed with the intent of bringing the now-WAXY sports talk FM simulcast signal closer to the Miami market. After Clear Channel objected to the move, the FCC overruled that objection and LFM gets the okay to move the signal to its new city of license Miramar. The 104.3 signal has been simulcasting WAXY since LFM took control.
New Jersey Broadcasters Association Backs FM in Smart Phones. The New Jersey Broadcasters Association passed a resolution on Tuesday, March 26 at its board meeting in support of the Sprint FM Chip proposal, reaffirming the absolute need to enable all cell phones within the United States to include (and activate) FM receiver capabilities in smartphones and other consumer electronic devices. NJBA president Paul Rotella states, “This is a 
matter of vital importance to inform and protect our citizens especially in times of natural disaster, severe weather or other emergencies that require the unequalled power of radio to reach the public.” The NJBA believes that because of the strength of broadcast and the power of the airwaves, local radio and TV stations are often the only available communications medium during disaster situations. Rotella continues, “New Jersey Broadcasters see the value of making radio receivers available and installed in all telecommunications devices owned and used by the public, foremost of those is the ‘smart phone’ and, therefore, the New Jersey Broadcasters Association supports the agreement with Sprint to produce and sell over 30 million smart phones in three years with fully functional FM radio receivers as part of their ‘smart Phones’ and service for same.”
SCOTUS Gay Marriage Arguments, Costs of ObamaCare, North Korea Threats, Euro Zone Jitters, Dow Continues to Soar, and Amanda Knox Re-Trial Among Top News/Talk Stories Yesterday (3/26). The debate over the legality of gay marriage as the Supreme Court hears arguments; the costs of the Affordable Care Act; North Korea’s military threats; uncertainty in the euro zone after the Cyprus affair; the still-soaring Dow; and the Italian court’s ruling to re-try Amanda Knox were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS.
Tuesday, January 15, 2013
Doug Stephan Breaks New Jewel Song on National Radio Show. Nationally syndicated “Good Day” host Doug Stephan (r) is pictured here broadcasting his program from Tarleton State University in Stephenville, Texas. Area resident and international music star Jewel (l) joined the program as co-host for the day. She treated Doug and his listeners to a live, public debut of a new song that will be included on her coming Greatest Hits album. Tarleton State University president Dr. F. Dominic Dottavio (c) is seated between the two and held up the lyric sheet as Jewel performed the new song.
Mike O’Meara Show Airs on WTNT, Washington. Longtime Washington, DC radio personality Mike O’Meara takes his program to Metro Radio’s WTNT, Washington for the 7:00 pm to 9:00 pm show. O’Meara, who partnered with Don Geronimo for more than a decade at WJFK, Washington and in syndication via Westwood One, has been producing his program as a podcast. Now the show that includes newsman Buzz Burbank, Robb Spewak and Oscar Santana is airing on WTNT.
Retired Talk Legend Michael Jackson Makes Guest Appearance on WNYM, New York “AM 970 The Answer.” WNYM “AM 970 The Answer” full-time morning show producer and part-time weekend talk show host Frank Morano interviewed legendary talk show host Michael Jackson on the Salem-owned Big Apple signal this past weekend. The two discussed Jackson’s historic career which centered mostly around his pioneering work in Los Angeles during the
pre- and early-days of consolidation – mostly on KABC during its heyday – in addition to some national syndication. When asked how he feels about today’s radio scene and talk radio in general, Jackson bemoaned the state of consolidation and the massive debt that today’s big licensees have incurred. He blamed it on one word - “greed” – and expressed serious pessimism about the industry recovering from its present condition. When asked how he was able to accrue such an impressive roster of guest interviews on his show (presidents, world leaders, movie stars, and a wide array of legendary figures) Jackson offered today’s crop of talk show hosts the following advice: “Make the calls yourself!” He suggested that hosts do not get into the position of having “my people talk to your people.” He strongly endorsed the idea of maintaining a personal connection with all contacts. Michael Jackson is presently ranked #16 on the TALKERS “Heaviest Hundred: The 100 Most Important Radio Talk Show Hosts of All Time.” To hear Frank Morano’s interview with Michael Jackson click here.
Fox Sports Los Angeles Hosts Don Mattingly. Los Angeles Dodgers field manager Don Mattingly (c) sits down with Fox Sports Radio’s Petros Papadakis (l) and Matt “Money” Smith (r) for an hour to talk about spring training, why he left the game to move into management, and Tommy Lasorda’s love for Dodger blue. During this Los Angeles local hour of the program, 50 lucky listeners were invited to watch the show live and participate in a meet-and-greet with Mattingly following the interview. Photo by Varon Panganiban.
Dr. Wachs Talks Flu Shots on FNC. Nationally syndicated talk host Dr. Daliah Wachs (whose program is distributed nationally via Genesis Communications Network) is pictured here on Fox News Channel discussing the flu epidemic and flu shots. The Las Vegas-based Dr. Wachs is not only getting more national exposure due to her radio program but hits like this on FNC are pushing her national profile even higher.
Jeff Katz Sits in for Todd Schnitt. Talk radio pro Jeff Katz will be sitting in for nationally syndicated talk host Todd Schnitt tomorrow (Wednesday, January 16) on his WFLA, Tampa-based and Compass Media Networks-syndicated program.
ESPN Obtains Rights to 2013 and 2017 World Baseball Classic. The coverage will include a lot of Spanish-language broadcasting for ESPN. The sports giant’s multiyear, multimedia agreement with World Baseball Classic, Inc. to present the World Baseball Classic in both 2013 and 2017 includes exclusive Spanish-language rights, audio rights and extensive coverage across ESPN’s studio programming and digital platforms. Under the agreement, ESPN Deportes will provide comprehensive coverage as the Spanish-language home for both events, with live telecasts of all 39 games beginning with the three opening games on Saturday, March 2. In addition, ESPN Deportes Radio and ESPN Radio will broadcast games in Spanish and English. Other World Baseball Classic coverage highlights include: Rights to qualifying games for the 2017 event; Rights to simulcast select games in Spanish-language on ESPN and/or ESPN2; Rights to broadcast games across ESPN Radio and ESPN Deportes Radio, with digital simulcasts permissible and more. ESPN Deportes general manager Lino Garcia says, “We have been the Spanish-language home of the World Baseball Classic since it started in 2006, and we are thrilled to be once again working with World Baseball Classic, Inc. to continue bringing coverage of the event. Baseball is one of the most-followed sports among the U.S. Hispanic market and the success of the 2006 and 2009 tournaments on ESPN Deportes proved this is a must-see event for these emerging, passionate fans. In addition, our coverage across ESPN Audio strengthens our extensive baseball content for our listeners on both ESPN Radio and ESPN Deportes.”
In the Belly of the Technology Beast. Nationally syndicated weekend talk host Dave Graveline (r) hosts his “Into Tomorrow” consumer technology program from the recent 2013 Consumer Electronics Show in Las Vegas. Graveline, whose program uses the latest technology to deliver content in a multi-media fashion, kicked off his 18th year broadcasting the program to his 180-plus affiliates at the CES.
Debt Limit Hike Debate, Gun Legislation Controversy, Mali Violence Escalates, Golden Globe Awards, and Iran Responds to ‘Argo’ Film Among Top News/Talk Stories Yesterday (1/14). The political battle in Washington over the debt ceiling and taxes; heated controversy over passing new gun legislation; France ramps up military efforts in Mali in response to terrorist group activity; Sunday’s Golden Globe Awards; and Iran responds to the film “Argo” about the 1979 revolution were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS.
