Tag: "IPO"

Friday, July 25, 2014

| July 25, 2014

2014 NYC logo 150Talkers New York 2014 Videos Being Posted.  Up Today: Thom Hartmann, Multi-Platform Talk Show Host, Receives TALKERS Freedom of Speech Award.  Today (7/25) marks the ninth consecutive business day of TALKERS magazine’s video posting of speeches, sessions and presentations made during last month’s 17th annual installment of the talk media industry’s longest-running and most important national convention – Talkers New York 2014.  The presentation of these informative and historic recordings is sponsored by WYD Media Sales, LLC., the rep firm recently launched by Ron Hartenbaum and headed by John Murphy, that specializes in the advertising sales of spoken-word media on all popular platforms.   The worldwide showing of these very special videos continues today with part 4 of the event’s traditional “Talkers Awards Ceremony,” emceed by legendary Westwood One talk show host Jim Bohannon and featuring the presentation of the Gene Burns Memorial Award for Freedom of Speech to multi-platform progressive talk show host, Thom Hartmann.  The presentation is made by TALKERS publisher Michael Harrison, who tells the audience that he personally and his organization [TALKERS magazine and Talk Media, Inc.] arehartmannaward14 “vehemently non-partisan,” however, also “vehemently supportive of the First Amendment.”  Harrison says, “Doing talk radio is extremely dangerous.  Exercising free speech is not only dangerous because, throughout most of history and in much of the world, you can be shut down by the government and thrown in jail – you can also be KILLED!  People have been killed doing talk radio.”  Thom Hartmann graciously accepted the award recounting a personal anecdote from an experience he had as an 18-year-old radio announcer dealing with and succumbing to police pressure to repress coverage of a local story that abridged his rights and duties as a broadcaster – a situation that he says he “regrets to this day” but inspired him to champion the First Amendment.  Hartmann says, “Because of the presence of talk radio in our nation over the past 20 years or so, we have found our voice to talk back to authority.”  To view this entire presentation, please click here.  Coming Monday: A special address titled “Radio in the Digital Age” by Inside Music Media publisher Jerry Del Colliano.  The Talkers New York 2014 conference videos were recorded by Art Vuolo.

beasley logo longBeasley Q2 Revenue Down 3.6%.  This morning’s release of Beasley Broadcasting Group’s 2014 Q2 financials conforms to many experts’ conclusions about the second quarter of the year: Ad spending in radio was down across the country.  BBGI reports the net revenue figure of $25.9 million for the 2nd quarter of 2014 (compared to $26.9 million during the same period in 2013) “primarily reflects lower advertising revenue at the company’s Philadelphia, Wilmington and Greenville-New Bern-Jacksonville market clusters.  The decline in net revenue was partially offset by $0.7 million in other revenue, resulting from an agreement with an electronics company and its affiliate concerning the use of our and their respective logos.”  Chairman and CEO George Beasley comments, “Second quarter beasleygeorgerevenue levels reflect slower advertising spending across most markets where we operate which led to declines in seven of our eleven markets and lower station operating income.  Overall, we outperformed in our five market clusters that report to Miller Kaplan.  In these markets, which accounted for approximately 78% of total second quarter revenue, Beasley station cluster revenue declined 5.2%, compared with the total revenue for all reporting radio stations in these markets which were down 6.0% for the quarter.  Our year-over-year revenue decline is partially attributable to difficult comparisons with 2013 second quarter results when we generated double-digit revenue gains in markets including Philadelphia and Las Vegas.  However, our initiatives to expand our digital offerings are delivering results as we recorded an approximate 24% rise in digital revenue during the quarter.  Notwithstanding the challenges faced in the second quarter, our market positions remain healthy based on our organization-wide focus on strong core programming and targeted localism. This focus is vital to the company’s ratings strength and long-term success.”

dennis&callahan showWEEI-FM, Boston’s Dennis & Callahan Show to Lose NESN Simulcast.  According to a report by Chad Finn in the Boston Globe, when the contract between regional sports cable network NESN and Entercom’s WEEI, Boston to simulcast the morning drive Dennis & Callahan show ends in September, the cable network will not renew its deal.  Finn reports that sources say the non-renewal has nothing to do with cast member Kirk Minihane’s recent high profile criticism of Fox Sports reporter Erin Andrews’ performance on the MLB All-Star Game broadcast.  The story notes that John Dennis and Gerry Callahan’s contracts with WEEI are also up around the same time and that negotiations are ongoing.  The simulcast has been ongoing since November of 2010 and the report indicates NESN is considering doing more local programming with its own talent in the morning drive daypart.  Read Finn’s piece here.

townsquare logoTownsquare Media IPO Raises $91 Million.  It’s hard to judge the IPO of a radio and digital media company that’s so young in corporate terms, but the sale of 8.3 million shares of class A stock made the company a little more than $91 million – short of the $125 million the company was hoping to raise.  Some analysts are noting that the IPO price was not in the low teens dollar figure the company had hoped for and even the $11 share price was a bit too high as the sale didn’t take off until the price dropped to $10.74.  Still, the offering results in a cash infusion for Townsquare Media.  Only time will tell if Townsquare’s plan to build revenue with small and medium market radio stations augmented by its stable of digital publications will pay off for investors and the company.

swainjaysonOdds & Sods.  With the demise of Oskie Media-owned sports talker WVLZ, Knoxville “Tennessee Sports Radio” on July 29 (a new format will replace the sports talk), it will be the end for most of the shows currently heard on the station.  But Jayson Swain’s “The Swain Event” show will live on at Blount Broadcasting’s country WKVL, Knoxville airing from 7:00 am to 10:00 am beginning September 1.  According to a story in the Knoxville News, Swain’s on-air producer Seth Stokes will remain with the show and regular contributors (and, like Swain, former Tennessee Volunteers football stars) Jamal Lewis and Leonard Little will also continue to be part of the show…..David Singer is leaving his executive producer position at ESPN O&O KSPN, Los Angeles “ESPN Los Angeles 710” to join the NFL Network in a talent booker role.

vandenburghpaul‘Talk 1300’ Albany’s Paul Vandenburgh Wins ‘Best of’ Honor.  The annual “Best of” edition of the Capital Region’s alternative weekly Metroland is out and WGDJ, Albany “Talk 1300” owner, GM and morning drive host Paul Vandenburgh takes ‘Best Radio Talk Show’ honors.  The paper says, “Yes, we all enjoy his rages, but you can learn a lot about the ins-and-outs of local politics from Vandenburgh and his guests.”

freemanedgeTALKERS Weekly Affiliate Roundup.  WCHV-AM/FM, Charlottesville, Virginia adds the nightly edition of “Free Talk Live” featuring Ian Freeman and Mark Edge.  Also, the program is added to the program schedules at KBYR, Anchorage and WLWI, Montgomery…..The Pam Oakes-hosted “Car Care for the Clueless: Daily Edition” feature is added to the programming at KCAA, Loma Linda, California and WOMI, Owensboro, Kentucky.

kqthWhiteremoteOn Remote in Downtown Tucson.  Program director and morning show host Bill White (left) interview’s Fred Ronstadt (right) – yes, Linda Ronstadt’s brother – during a remote broadcast of “Tucson’s Morning News.”  The live event was designed to promote the grand opening of Tucson’s Modern Streetcar which local businessman Ronstadt helped build.

Gaza Strip Violence Tops Talkers TenTM for Week of July 21-25.  The escalating violence in the Gaza strip and Secretary of State John Kerry’s role in brokering peace between Israel and Hamas was the most-talked-about story on news/talk radio during the week.  Following at #2 was the downing of Flight 17 and Russia’s role in supplying weaponry to the Ukraine rebels.  At #3 was the child illegal alien crisis in the Southwest followed by the two recent ObamaCare court rulings at #4.  The Talkers TenTM is a weekly chart of the top stories and people discussed on news/talk radio during the week and is the result of ongoing research from TALKERS.  It is published every Friday at Talkers.com.  View this week’s entire chart here.

Wednesday, June 25, 2014

| June 25, 2014

townsquare logoTownsquare Media to Go Public with IPO Hoping to Raise $144 Million.  The negative spin on this story is that by going public, Townsquare Media becomes another company that must serve shareholders first – with all that that implies.  But the reality is that Townsquare’s backers – Oaktree Capital and GE Capital (with 62% and 18% stakes, respectively) – have poured a lot of cash into building the company’s portfolio of 312 radio stations and number of digital publications.  The company is sitting on $645 million of outstanding debt and the IPO would help put a dent in that if it raises the $145 million it hopes for.  The one aspect of the company’s balance sheet that is turning radio industry watchers’ heads is that, according to its S1 filing, 26% of its revenue is coming from the non-radio end of its operations.  At this point, there is no timetable for the IPO or any report of how much shares will be sold for.

shepardsullivanNew England Radio Pro Brad Shepard Exits WHYN, Springfield.  For the past 11 years, Brad Shepard (left) has co-hosted the morning drive program alongside Bo Sullivan (right) on Clear Channel’s news/talk WHYN, Springfield, Massachusetts.  Now, the station appears to be going with Sullivan alone in the driver’s seat as CC’s Jennifer Powers confirms to Masslive.com that “Brad Shepard is no longer part of WHYN mornings.  We appreciate all of his contributions during his time with us and wish him well.”  Prior to joining Clear Channel Springfield in 2000, Shepard was morning host at crosstown AC WMAS-FM for seven years.  The move appears to be budget related like most of the talent cuts taking place at Clear Channel that TALKERS and RadioInfo have reported this week.

hummtomTALKERS Career Moves.  Las Vegas radio pro Tom Humm inks a new, five-year deal to remain in his vice president and market manager role at Beasley Broadcast Group’s station group there that includes four music stations and news/talk KDWN…..Nicky Sparrow is named the director of sales for the Clear Channel New Orleans station group that consists of six music outlets and news/talk WRNO-FM “Rush Radio 99.5.”

wgn logo newWGN, Chicago to Unveil ‘Walk of Fame.’  This Friday is the day Tribune Company’s WGN Radio will hold the WGN Radio Walk of Fame Induction Ceremony at Pioneer Court in front of Tribune Tower on Michigan Avenue.  The ceremony will be broadcast live on WGN with hosts Steve Cochran and Bob Sirott introducing the 2014 Walk of Fame inductees and interviewing them or their family representatives.  Being inducted this year are: Spike O’Dell, Orion Samuelson, Kathy O’Malley, Wally Phillips (represented by wife, Barbara Phillips), Judy Markey, Quin Ryan (represented by his cousin, Justin O’Brien), Milt Rosenberg, Jack Brickhouse (represented by wife, Pat Brickhouse), Roy Leonard, and Bob Collins (represented by wife, Christine Collins).

nyfest smallThe New York Festivals Announces International Radio Program Award Winners.  Monday evening in New York City, the New York Festivals handed out honors to the winners in the 2014 competition The New York Festivals International Radio Program Awards.  The broad competition included entries from all over the world in a wide spectrum of categories.  Some of the winner from the United States included the American Forces Network; WGBH, Boston; Bloomberg News; and Gary Theroux Productions.  Follow this link and you can search for winners based on country or category.

PodcastOne Targets Young Demos with Brody Jenner Show.  The half-brother of the Kardashian sisters – Brody Jenner – is entering the world of podcasts with co-host andpodcastone logo relationship expert Dr. Mike Dow for a weekly podcast titled, “The Brody Jenner Podcast with Dr. Mike Dow.”  Brody – star of MTV’s “The Hills” – will focus on the love lives of celebrities and the podcast’s audience as they engage them through social media.  PodcastOne founder and CEO Norm Pattiz says, “Brody Jenner has an amazing connection with exactly the target audience we want to build at PodcastOne. We’re now doing business with over 100 of the nation’s biggest brands. We know where we need to go and we’re betting that Brody and Dr. Mike Dow can help get us there.”

deanandyOdds & Sods.  “America Now” host Andy Dean will appear on this Friday’s edition of “Real Time with Bill Maher” on HBO at 10:00 pm ET.  The Premiere Networks-syndicated talk host will be on with journalist Bobby Ghosh and MSNBC anchor Joy Reid…..Former WEEI, Boston sports talk host Glenn Ordway’s digital effort “The Big Show Unfiltered” makes a move on its SiriusXM platform where it is also heard liveordwayglenn from 3:00 pm to 6:00 pm ET.  The show moves from channel 108 to channel 220 for Sirius subscribers but remains on 206 for XM subscribers.  A press release from Ordway’s organization reports the show’s podcasts (which debuted on March 17) “have generated nearly 312,000 listener hours, up from over 252,000 individual listening sessions.  Each of those individual listening sessions, on average, has lasted 1:14, a critical factor in developing listener loyalty.”…..The internet video sports entertainment project 120 Sports debuts this evening at 6:00 pm ET.  120 Sports is collaboration between Time Inc./Sports Illustrated, MLB.com, the NHL, Campus Insiders and Silver Chalice.  120 Sports is described as “a first-of-its-kind network partnership involving multiple leagues and media properties created for the digital generation and the devices it uses most.  In 120 Sports, today’s fans will have access to unauthenticated video programming through a new platform built to intuitively integrate video and data in ways they haven’t experienced before.  The 120 Sports product will debut as free native applications for mobile and tablet devices as well as a web experience at 120Sports.com and other distribution outlets.

Iraq Turmoil-U.S. Military Role, IRS Scandal Testimony, Influx of Illegals in Southwest, Primary Races/State of the GOP, Hillary Clinton Memoir-Financial Status, News Corp Phone Hacking Trial, LeBron James Watch, and World Cup Action Among Top News/Talk Stories Yesterday (6/24).  The continuing march of ISIS toward Baghdad and the U.S. military’s potential role in the country’s security; the testimony surrounding the loss of Lois Lerner’s emails by the IRS; the massive influx of minor illegals in the Southwest and concerns about health problems and criminal activity; the primary races for the fall’s mid-term elections and debate over the state of the GOP; Hillary Clinton’s latest memoir and her statements about her financial status; verdicts in the News Corp phone hacking scandal; speculation about the future of NBA star LeBron James; and the hoopla over World Cup action were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS.

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