Tag: "Gregory Lundberg"
Clear Channel Posts 2% Revenue Increase in Q2. That’s for the Media and Entertainment division – the radio stations, Premiere Networks and Total Traffic Network – on revenue of $805.6 million for the second quarter of 2013 compared to the same period a year ago. During yesterday’s investors’ conference call, chairman and CEO Bob Pittman spoke positively about the growth of iHeartRadio and SVP of investor relations Gregory Lundberg noted that it has 34 million registered users and that represents growth of 162% year-over-year. Regarding the makeup of the company’s revenue, he stated, “National sales for the stations grew 5%, with local up 1%. Excluding the impact of political advertising, in both quarters, national sales rose 7% and local was up 2%. Our strongest performing ad categories remained financial services, retail and telecom. Digital sales continue to grow in the double digits as we monetize our station’s online presence and keep growing iHeartRadio, where total listening hours were up to 36% in the second quarter. We also saw good year-over-year growth at Premiere Networks. Partially offsetting this growth rate were revenue declines in the traffic business from lost contracts and from lower sales resulting from integration activities. Operating expenses increased $42 million or 9%, reflecting a $21 million expense credit from one of our performance rights organizations, which we received in the second quarter of last year.” He stated pacing for the third quarter for the stations was up 3% and up 1% for the division as a whole. Thanks to Seeking Alpha for the transcript. Members can read it all here.
Clear Channel Sells Its SiriusXM Interests for $135.5 Million. Way back in 1999 when XM Radio was gearing up its operations, Clear Channel was an initial investor putting in $83.1 million and getting the right to program some of the satcaster’s music and talk channels. Now, CC sells its interest in the company for $135.5 million – the value of the stock – and that means most of the CC-programmed content will disappear from the XM Radio platform. That’ll include some of the company’s music FMs such as hip hop WGCI, Chicago; country signal WSIX, Nashville and hot AC WLIT, Chicago. But two of the CC-radio channels are expected to stay on the XM platform – WHTZ, New York and KIIS, Los Angeles. It also means the talk radio channel on the XM platform will see talent like Glenn Beck, Bob & Tom, Todd Schnitt as well as Fox Sports Radio programming go away.
Arbitron Reports Q2 Revenue Rises 2.9%. As it prepares to be acquired by ratings giant Nielsen, Arbitron issues its 2013 second quarter financial reports and states that on revenue of $107.4 million dollars it is reporting net revenue of $7.1 million or $0.26 per share. The cost of the potential Nielsen deal ate into the company’s earnings before interest and income tax expense (EBIT) as it shelled out $6.1 million during the quarter in preparation for the acquisition. President and CEO Sean Creamer states, “In the second quarter, we maintained focus on our long-term priorities: investing in and growing our core radio services, evaluating and implementing quality initiatives to enhance the value and utility of our offerings, and exploring emerging opportunities with an emphasis on those that allow us to highlight the power and advantages of radio. As the media and advertising marketplaces continue to evolve and new technologies permit consumers to consume content virtually anytime and anywhere, it is important we keep pace with these changes to ensure radio gets full credit for its audience – regardless of the delivery platform. Radio is growing and vibrant – and we are committed to helping the radio industry tell and validate its complete and compelling story.”
The Job of the Program Director in Five Years. According to noted consultant and TALKERS columnist Walter Sabo, if you want to know which way the job of PD is heading in radio, just take a look at what has happened to the same titled position at television stations. In a new column posted today (8/2) Sabo writes “As more on-air content decisions are made at the corporate level and delivered from a central source, the program director job will morph to meet the demands of the tasks that must be completed. Smart companies will evolve the position to one that has been desperately needed: ‘Program and Public Relations Director.’” Sabo goes on to list other combinations of tasks and responsibilities that will be added to the title “Program Director” on the radio station level. To read his entire column, please click here.
KBME, Houston Ousts Adam Wexler and Matt Jackson from AM Drive; Adds Fox Sports Radio’s Jay Mohr to Middays. In a realignment of programming at Clear Channel Media and Entertainment’s sports talk KBME, Houston, Adam Wexler and Matt Jackson have been let go from the station and their morning drive gig and Lance Zierlein and Adam Clanton take over the AM show. Zierlein co-hosted the afternoon show with Charlie Pallilo but, as the Houston Chronicle notes, had also worked on the morning drive show alongside Wexler and Jackson in the past. Adam Clanton has hosted sports talk radio in the market at CBS Radio’s crosstown KILT as well as having worked at KPRC-TV. The addition of Fox Sports Radio’s nationally syndicated Jay Mohr to the lineup from 11:00 am to 2:00 pm forces some other changes. Greg Koch and N.D. Kalu now air from 9:00 am to 11:00 am; Charlie Pallilo hosts solo from 4:00 pm to 7:00 pm; and Matt Thomas is on the air from 2:00 pm to 4:00 pm.
Michael Harrison to Speak at NAB Radio Show. In what promises to be a riveting and inspirational hour, TALKERS and RadioInfo publisher Michael Harrison will address the forthcoming NAB Radio Show in Orlando (September 18-20) on “Radio’s Evolving Role in Popular Culture.” Harrison, fresh off a rousing keynote speech at the Conclave, will further elaborate on the theme of the challenges facing radio in its quest to remain societally iconic in the digital age of the 21st century at a specially scheduled Info-Session sponsored by TALKERS. Harrison says that for radio to remain competitive with all the emerging “exotic” competition of this “wildly new era,” it must maintain “ownership” of the scenes it addresses whether they are music, politics, news, sports or any other expression of the human condition. He says radio should maintain a foreground, active position that protects it from being marginalized as a passive delivery system and discusses options and opportunities to carry out the mission. (To see a brief clip of Michael Harrison’s Conclave keynote speech addressing these subjects please click here. The full speech will be posted to both RadioInfoTV and TalkersTV shortly, stay tuned.) Consultant Holland Cooke introduces this popular annual NAB Radio Show session featuring the venerable programmer, air personality, entrepreneur and trade magazine publisher who has been accurately describing radio and popular media’s road ahead for the past 45 years. The Info-Session is scheduled on Thursday, September 19 between 1:30 pm and 2:30 pm and is open to all attendees of the NAB Radio Show.
Clear Channel Makes Morning Changes at KTCN, Minneapolis. Morning drive talk show host Bob Davis and Clear Channel Minneapolis part company and the station fills the morning drive slot with former evening hosts Jack Tomczak and Ben Kruse, at least for now. Bob Davis had been paired up with Tom Emmer for mornings but Emmer exited the station in June to make a run for the congressional seat being vacated by Michele Bachmann. Davis made national news when, during a discussion about gun control, he said on the air he would tell the Newtown families to “go to hell” for their role in shaping the gun debate. He later apologized for the tenor of his comments.
Radiate Media Promotes Ivan Shulman to President. Seven months after joining Radiate Media as executive vice president of sales and chief revenue officer, the company promotes Ivan Shulman to president. CEO Chris Rothey states, “Ivan has a deep background in sales, marketing and media, and his leadership experience makes him a great fit for us. Since joining us in November of 2012, we have experienced quarter-over-quarter revenue growth, including the launch of Radiate360 – our integrated marketing platform to drive hyper-local business. Ivan will continue to lead that initiative as well as overseeing the day-to -day activities of our broadcast radio, TV and digital lines of business.” The company is bullish on its new product Radiate360 which it describes as “an easy-to-use, online platform that empowers businesses to expand their reach and connect with their customers. With Radiate360’s revolutionary suite of tools, businesses can establish an online presence, engage customers through social and mobile media, and promote to the local audience that matters most.” Shulman says of his promotion, “I joined Radiate because I was excited about future opportunities. Our growth on both the broadcast and digital side has been phenomenal and I look forward to working with broadcasters to help bridge the gap between digital and traditional media.”
Dan Sileo Takes Over Midday Program at WMEN, West Palm Beach. Florida sports talk personality Dan Sileo – most recently midday host at WQAM, Miami – moves into the 10:00 am to 1:00 pm slot at JCE Licenses’ WMEN, West Palm Beach “640 Sports” effective Tuesday, August 6. Sileo – who worked for years at WDAE, Tampa prior to his stint with WQAM – is filling in for Travis Rodgers on KLAA, Los Angeles today and on August 5. Sileo is, by his own admission, an edgy personality whose willingness to push the envelope has gotten him fired from his last two radio gigs. He maintains he achieved excellent ratings while with Clear Channel at WDAE and that the station pulled in a lot of revenue from his program.
Eric Deggans to Leave the Tampa Bay Times for Gig at NPR. Journalist Eric Deggans has covered first music, then media for the Tampa Bay Times for the past 18 years. Now, he exits the Times to become a TV critic and correspondent for NPR News. Deggans has been a contributor to NPR in the past but joins the organization full time. He states in a press release, “For many years, I have been a fan of NPR’s super-smart journalism and I often fantasized of what it might be like to join their ranks as a contributor. A position like this one is beyond my wildest dreams; I’m honored and excited by the opportunity to help shape NPR’s coverage of television and pop culture.” Deggans has been an excellent reporter covering the Tampa Bay media scene over the years but also could be viewed as a polarizing writer. He’s been a critic of talk radio on a number of levels as indicated in his recent book Race-Baiter: How the Media Wields Dangerous Words to Divide a Nation (Palgrave Macmillan 2012). Photo by Carrie Pratt.
Odds & Sods. Dial Global announces it has signed an exclusive terrestrial, three-season deal with London-based talkSPORT to broadcast live coverage of Barclays Premier League, FA Cup and Capital One Cup. The partnership includes play-by-play commentary of nearly 400 soccer matches per year, in both English and Spanish….. “The Black Sphere” talk show host Kevin Jackson joins the advisory board of the Steamboat Institute, an institution that “defends freedom and advocates for liberty.” Jackson says, “Witnessing the progress of the organization first hand, I am overjoyed to be part of the advisory board and play a role in the future direction of the Steamboat Institute, an organization that will undoubtedly mold political discussions and policy in the future.”
TALKERS Weekly Affiliate Update. Statewide syndicated sports talk host Bill Michaels is added to the lineup at WOZN, Madison, Wisconsin…..Kevin Jackson’s “Black Sphere Radio” show is now airing on WEZO, Augusta, Georgia…..Talk Media Network announces affiliate additions for three of its programs: “Fat Guys At The Movies with Kevin Carr & Kristin Dreyer Kramer” joins WKVL, Knoxville; “The Financial Fitness Show with Chip Cummings & Tony Rubleski” is added to WRSB, Rochester, New York; and “Frontlines of Freedom with Lt. Col. Denny Gillem” joins the lineup at WZFG, Fargo.
ObamaCare Implementation Tops Talkers TenTM for Week of July 29 – August 2. The implementation of the Affordable Care Act and the cost of the program was the top news/talk topic during the week. Following at #2 was the Anthony Weiner sexting case and the political fallout. At #3 was the 2016 presidential race followed by the Rush Limbaugh and Sean Hannity contracts flap at #4. The Talkers TenTM is a weekly chart of the top stories and people discussed on news/talk radio and is the result of ongoing research from TALKERS. It is published every Friday at Talkers.com. View this week’s entire chart here.