Tag: "Jim Acosta"
Cumulus Media CEO Lew Dickey Addresses “Inherently Inefficient” Nature of Old-Line Media Business Model in Bain Capital News Story. The chief executive officer of the second largest radio station operator in America is one of several Atlanta-based business executives to speak to the Atlanta Journal Constitution about his business and the role private equity firm Bain Capital played in its progress. The piece ran Sunday (2/5) online and in print and was written from the perspective of giving insight into Bain Capital – the company formerly run by presidential candidate Mitt Romney. However it also probes the nature of corporate radio as it rides the rough surf of an economic downturn and a dramatically changing media business – complete with layoffs and job consolidation. The story notes Cumulus CFO Joseph Hannan explained to investors at a recent conference that they had to “wholesale re-engineer the way these operations work” in order to cut costs and that the company learned this process while working with the private equity firms. Hannan said the company was able to cut $70 million in costs. Lew Dickey tells the AJC the business has to work that way to survive. He says old-line media companies have become “inherently inefficient. We run the business as efficiently as technology permits us to do.” Interestingly, Bain Capital took a loss on its involvement with Cumulus. Cumulus ended up buying out Bain and the other private equity partners. It worked with other private equity firms to engineer the Citadel Broadcasting deal and it remains to be seen whether that will turn out to be a wise investment for them or whether they will suffer the same fate as Bain. Through it all, Dickey remains confident and tells the AJC he believes his company will add jobs – albeit in different sectors – during this year. “By the end of the year, we’ll have a net increase in jobs. They’ll be different jobs. That’s how business evolves.”
Exit of CBS Radio CHR Programmer and 92.3 Now PD Dom Theodore Fires Up Speculation About Sports or News Moving to the New York Signal. There was big news in the CHR world yesterday as CBS Radio’s format captain and PD of 92.3 Now (WXRK-FM, New York) Dom Theodore left the building. For those awaiting the (some say) way overdue addition of an FM signal for sports talk WFAN, this move gives them plenty to talk about. Still others believe one of CBS Radio’s all-newsers – WINS or WCBS – could end up with an FM simulcast. Right now it’s all guesswork but rumors that the rest of the on-air staff at 92.3 Now may have received news of its imminent demise along with Theodore’s departure have the message boards in the Tri-State area red hot with chatter.
Courtside Entertainment Group Names Rich Rapiti Senior Director of Affiliate Relations. Longtime affiliate relations pro Rich Rapiti is reunited with Westwood One founder Norm Pattiz in his new role as senior director of affiliate relations for Pattiz’s Courtside Entertainment Group. Rapiti will be based in New York City. Courtside president Bob Moore says, “Rich Rapiti is a unique guy. He has worked in the radio business his entire adult life and has mastered the art of working with radio stations in providing quality programming. We are extremely excited about having Rich on our team.” Speaking about his new position, Rapiti states, “I am thrilled to be the newest member of the Courtside team. Rarely does the opportunity occur where you can work with the likes of a Norm Pattiz and his executive team.”
XEPRS, San Diego Makes AM Drive Changes; Scott Kaplan Exits, Dave Palet and Jeff Dotseth In. After 11 years at the station, morning drive host Scott Kaplan and co-host Billy Ray Smith are out as hosts of the program. Station VP/GM Tex Meyer says in a press release the change was made “after very careful consideration and evaluation of several important factors.” However, many San Diego media observers are saying Kaplan’s recent unflattering on-air comments about Mountain West broadcaster Andrea Lloyd put management over the top and forced its hand. Broadcast Company of the Americas brings San Diego market veterans Dave Palet and Jeff Dotseth in to take over the morning drive show.
WGN, Chicago Holds “Cubs Song” Contest. Musically inclined Chicago Cubs fans are being encouraged to write a tribute song to their favorite baseball team and have the chance for it to become part of Cubs radio broadcasts all season long. Tribune Company’s WGN – flagship for Chicago Cubs baseball – will be the judge of the winning submission for this unique promotion. Here are the rules: Write an original song about the Chicago Cubs and e-mail it as an .mp3 file attachment to firstname.lastname@example.org by February 29, 2012. The lyrics must mention the Cubs and WGN Radio, but may not mention names of individual players, coaches or Cubs management. Songs longer than four minutes will be disqualified. You must also include your name, address, daytime phone number, e-mail address, and age in the e-mail. Entries on behalf of a group must provide the required information for each member of the group. WGN will post up to 10 finalists on its website and give fans the chance to vote on the winner. The writer/performer of the winning entry will have the chance to get the song recorded in a professional studio and perform it live during Jonathon Brandmeier’s Opening Day broadcast on WGN.
WBNS-FM, Columbus Debuts “Off-Season with Bobby Carpenter.” The NFL season is over – more or less – until the draft in April and RadiOhio sports talker 97.1 The Fan (WBNS-FM) is taking advantage of the year-round interest in the National Football League by creating a weekly, Friday afternoon show co-hosted by former Ohio State standout and current Detroit Lions linebacker Bobby Carpenter and WBNS-TV’s Beau Bishop. Director of programming and operations Jay Taylor announces the one-hour show airs from 12:00 noon to 1:00 pm featuring talk about the NFL, the upcoming draft and Buckeye football and debuts this Friday, February 10.
CNN Names Jim Acosta to National Political Correspondent Role. The cable news channel announces Jim Acosta is promoted to national political correspondent where he’ll appear regularly on several CNN programs including “The Situation Room with Wolf Blitzer” and “John King, USA,” according to TVWeek. CNN SVP and Washington bureau chief Sam Feist states, “Jim has been an outstanding addition to the political team. He has emerged as one of the key reporters on the campaign trail and his astute reporting skills will only help to position the network to dominate this important election cycle.”
CBS Radio Renews with MLB’s Phillies; Games to Air on WIP-FM. CBS Radio’s news/talk WPHT, Philadelphia has been the longtime flagship for Philadelphia Phillies baseball and the company and team just struck a new multi-year deal to keep the team with CBS Philadelphia. This season the games will also air on sister sports WIP’s new FM signal as well. CBS Radio Philadelphia VP/market manager Marc Rayfield states, “It’s a very exciting time for WPHT and WIP, and this partnership with the Philadelphia Phillies only adds to the interest audiences have in these two leading radio stations. We look forward to the future with the most thrilling team in baseball.”
Talk Host Steve Cochran Ready to Return to Action After Health Scare. Chicago-based talk host Steve Cochran – who handles the afternoon program at Salem Communication’s WIND, Chicago and hosts the late morning program for KTRS, St. Louis (which is rerun in the evening) from his home in the Chicago area – took himself off the air last week and went to the hospital after feeling chest pains, according to Time Out Chicago’s Robert Feder. Cochran underwent some tests and was prescribed medication and reports he hopes to be back on the radio soon. Cochran tells Feder, “The doctor said I’ll be 125 percent, which is great news unless you really hate my show.”
More TV Work for TRN’s Phil Hendrie. Los Angeles-based, nationally syndicated talk radio personality Phil Hendrie scored a recurring role on the hit Fox TV show “New Girl.” Hendrie says, “The entire cast and crew is so hard working, gracious and welcoming. It’s an honor to get to work with them.” Last year, Hendrie taped an episode of the ABC-TV hit show “Modern Family” in which he plays the recurring character “Boots.” That episode is to air soon. Pictured here is the cast of “New Girl” – from left to right: Max Greenfield, Lamorne Morris, Hannah Simone, Hendrie, Zooey Deschanel and Jake Johnson.
Romney Surges in GOP Primary, Super Bowl Aftermath, Syria Violence and Closure of U.S. Embassy and New Iran Sanctions Among Top News/Talk Stories Yesterday (2/6). Mitt Romney’s victory in Nevada over the weekend and his continuing lead over competitors, the aftermath of the Giants’ victory in Super Bowl XLVI, continuing violence in Syria and the U.S.’s closure of its embassy there and new sanctions levied against Iran were some of the most-talked-about stories on news/talk radio yesterday according to ongoing research from TALKERS magazine.