Tag: "John Catsimatidis"

Monday, March 5, 2018

| March 5, 2018

iHeartMedia Gets Breathing Room to Settle Debt Issue.  Industry watchers were expecting iHeartMedia to file for Chapter 11 bankruptcy protection over the weekend as the default on a missed $103 million payment on 14% Senior Notes was about to kick in.  That didn’t happen and iHeart announces that yesterday (3/4) it “and certain lenders party thereto (the ‘Consenting Lenders’) entered into a Forbearance Agreement (the ‘Forbearance Agreement’), with respect to the Credit Agreement, dated as of May 13, 2008, as amended and restated as of February 23, 2011 (as further amended or supplemented from time to time, the ‘Credit Agreement’), among iHeartCommunications, as the parent borrower, the subsidiary co-borrowers and foreign subsidiary revolving borrowers party thereto, iHeartMedia Capital I, LLC, as a guarantor, Citibank, N.A., as administrative agent, swing line lender and letter of credit issuer, and the other lenders from time to time party thereto.  The Consenting Lenders constitute the lenders required under the Credit Agreement to grant a forbearance.  Pursuant to the Forbearance Agreement, the Consenting Lenders agreed to temporarily forbear from accelerating the obligations under the Credit Agreement or otherwise exercising any rights or remedies thereunder as a result of any actual or prospective event of default under Section 8.01(e) of the Credit Agreement resulting from iHeartCommunications’ failure to make an interest payment beyond the applicable grace period with respect to its 14.00% Senior Notes due 2021 that was originally due on February 1, 2018.  The forbearance became effective upon all parties’ execution thereof and will terminate immediately and automatically upon the earliest to occur of (i) March 7, 2018 at 11:59 p.m. Central time and (ii) an event of default under the Credit Agreement other than those that resulted in the entry into the Forbearance Agreement (the ‘Forbearance Period’).”

Erick Erickson Signs New Deal with WSB, Atlanta.  Afternoon drive personality Erick Erickson has signed a new contract with Cox Media Group news/talk WSB-AM/WSBB-FM, Atlanta to continue his work with the station through 2020.  Erickson joined the station in 2011 and moved into a prime daypart in less than one year.  WSB director of branding and programming Pete Spriggs states, “We are excited to have Erick as part of our radio family for the long term.  He came into radio having never expected to be on radio and has thrived.  The contacts in his phone are a ‘Who’s Who’ of newsmakers and power brokers.  Atlanta is genuinely listening to the most connected man in radio.”  In addition to hosting “Atlanta’s Evening News with Erick Erickson,” weeknights from 5:00 pm to 7:00 pm, he also provides political analysis for “Atlanta’s Morning News” and occasionally fills in for WSB’s Herman Cain.  Erickson says, “I fell into radio by accident, and it has been fun to really move from being a blogger and TV pundit into the role of talk radio host.  These last couple of years were not at all what I expected, but I get up every day excited to keep Atlanta entertained and informed with what is happening locally, nationally, and around the globe.”

Entercom Officially Announces Launch of ’97.3 The Machine’ in San Diego; Kevin Klein to Host Morning Drive.  Last week, TALKERS magazine reported Entercom’s plans for former CHR KEGY, San Diego – to turn it into a hot talk/sports hybrid with former XEPRS sports talker Dan Sileo in middays and the KISW, Seattle-based “The Men’s Room” show in afternoon drive.  Now, Entercom sends out an official presser announcing former alternative KITS, San Francisco personality Kevin Klein will be morning drive host, effective March 29.  Until that time, the station will air rebroadcasts of “The Men’s Room” in mornings.  As previously reported, the station will be the flagship for San Diego Padres baseball.  Entercom says the station will present a “unique mix of compelling personalities, comedy, sports and curated classic rock music…evenings and weekends when not broadcasting Padres baseball, ‘97.3 The Machine’ will provide music fans in San Diego with a true classic rock curated playlist ‘That Rocks,’ framed by entertaining comedy.”

Author Suing Sid Rosenberg and WFAN for Fraud.   Today’s New York Post is reporting that author Joseph DeBlasi is suing WABC, New York talk show host Sid Rosenberg and WFAN, New York for $20 million.  DeBlasi alleges in his complaint that Rosenberg was paid $5,000 to get DeBlasi interviews on the radio to promote his book, Polarized: Sex, Lies and Family Betrayal.  Rosenberg’s lawyer says the allegation is a lie and that Rosenberg was never given any money.  DeBlasi’s complaint states that the June 2014 deal was supposed to get DeBlasi on Geraldo Rivera’s program on WABC.  It further states that after Rosenberg attempted to get him the interview, DeBlasi learned that the deal with Rosenberg was illegal, violating payola laws.  DeBlasi did appear on WFAN three times when Rosenberg was filling in on the morning show.

‘The Conservative Cartel’ Now Syndicated by USA Radio.  Beginning today (3/5), “The Conservative Cartel” – co-hosted by Matt Locke and Chris X – is being syndicated by USA Radio.  The Fort Worth-based program airs live from 10:00 am to 12:00 noon ET daily.  The program continues to be distributed via TheBlaze Radio Network for weekends.  The program will debut in 15-plus markets.  USA Radio general manager Janet Bro says, “We’re extremely excited to announce the addition of ‘The Conservative Cartel’ to the daily lineup of shows available from USA Radio.  Matt Locke and Chris X are the perfect addition to syndicated radio and the USA Radio family.”

WBEN, Buffalo Airing 12 Hours of Talk About School Safety and Guns.  Calling it “#12Voicesin12Hours,” WBEN, Buffalo program director Tim Wenger says in a blog post that today’s 6:00 am to 6:00 pm broadcast addressing school safety and guns may “make you uncomfortable at times…But to advance change, meaningful and helpful change, you need to understand those who disagree with you and hear them out.”  Wenger says, “The hard part about this ‘conversation’ is that while most people want to have it, most walk away from it as soon as ideas are presented that go against their own personal thoughts and beliefs on the issues.  Most ‘cable news’ conversations go ‘ugly’ in a hurry and simply build a brick wall between two warring sides.  Unless that changes, nothing changes…this broadcast is, by design, not laden with politicians who are looking for a spotlight.  But it will, in the end, include some thoughts from some willing members of our Congressional delegation who may well be charged with advancing legislation that could impact us all.”  Wenger notes that each hour of the broadcast will be saved as a podcast for listeners to check out later.

TALKERS News Notes. In New York, Salem Media Group is launching a news weekly program featuring John Catsimatidis called “Cats At Night” on WNYM “AM 970 The Answer.”  The show debuts on Wednesday (3/7) and airs from 5:00 pm to 6:00 pm.  Catsimatidis also hosts a Sunday morning interview program called “The Cats Roundtable” that airs on WNYM and six other stations.  Catsimatidis says, “I love doing radio.  It’s the most enjoyable hour of my week.  I am excited about expanding my radio presence to drive time with ‘Cats at Night’ and the opportunity to share my views on what’s really going on in New York and the world.  My thanks to Jerry Crowley and his team at WNYM for their ongoing support.”…..WPGG, Atlantic City morning personality Harry Hurley tells TALKERS magazine that he recently had the pleasure of interviewing Atlantic County resident Helen Turner, who will turn 111 on April 1.  Hurley says he reached out to Atlantic County executive Dennis Levinson live, on the air requesting he make April 1, 2018 Helen Turner Day and he agreed.  Turner is also a huge fan of FOX News Channel star Tucker Carlson.  Hurley reached out to Carlson to see if he would announce Turner’s birthday on FNC and provide an autographed photo for her and he also readily agreed…..WTMJ, Milwaukee’s WTMJ Cares “Game Night for Stars and Stripes Honor Flight” recently raised a total of $54,758 to fund WTMJ Honor Flights for 150 veterans to see their memorial in Washington, DC.  The unique partnership with the NBA‘s Milwaukee Bucks featured a pre-game party at historic Turner Hall where guests met Vietnam Veterans.  After the party, the group enjoyed the Bucks game against the Washington Wizards.  The event was the finale of a three-week on-air campaign led by WTMJ Radio afternoon host, John Mercure.  Mercure’s “WTMJ Cares” fundraising project told stories of the service of Vietnam Veterans in the area. To complete the fundraising, WTMJ held a radiothon where WTMJ listeners donated $32,758 in three hours…..TribLive.com is reporting that the new owners of KQV, Pittsburgh hope to restore the all-news format that aired on the station prior to the previous owner’s shutting it down and selling it.  Robert and Ashley Stevens – principals of Broadcast Communications Inc. – are paying $55,000 for the station and its assets.  Stevens tells the news outlet, “We would like to be able to do the news.  I would like to be able to do it as a news station very similar to the way it was.  We just need to make sure we can do it in a way that would be financially feasible.”…..Northpine.com is reporting that WRRD, Milwaukee majority owner Michael Crute has entered into a deal with Good Karma Broadcasting to lease WTTN, Columbus, Wisconsin (Madison market) in order to air the “Resistance Radio” progressive talk format currently airing on WRRD.  WTTN’s primary signal is northeast of Madison but Crute has applied for an FM translator at 92.7 that would cover much of Madison.  Crute also has a construction permit for a 250-watt translator at 101.7 in the Milwaukee market.

Trump Tariffs/Trade War Talk, Trump Admires Xi Jinping, NRA Membership Spikes/Gun Control Issues, Russian Election Hacking, Sunday Night’s Oscars Awards, and NBA Action Among Top News/Talk Stories Over the Weekend.  Reactions to President Trump’s plan to impose tariffs on imported steel and aluminum and the related issue of trade wars; President Trump’s comments about Chinese president Xi Jinping’s elimination of term limits for his position and suggestion that the U.S. should do the same; the NRA reports a spike in new memberships and the related issue of gun control measures; the allegations of Russian hackers targeting U.S. elections; Sunday night’s Academy Awards ceremony; and NBA action were some of the most-talked-about stories on news/talk radio over the weekend, according to ongoing research from TALKERS magazine.

Music Radio News and Career Moves. After last week’s departure of afternoon drive personality Cara Carriveau from Hubbard Radio’s adult contemporary WSHE, Chicago, the company announces the new afternoon team and several other air talent moves.  Former FOX TV Chicago personality Jenny Milkowski, a.k.a. Jenny Milk, is teaming up with Jay Styles to host the 2:00 pm to 7:00 pm program.  Styles moves from his role as the Chicago producer of the “Brooke & Jubal Morning Show” on WSHE.  Filling his shoes there is evening jock Robb Rose.  His 7:00 pm to 12:00 midnight shift is now being hosted by station weekend personality Brian Middleton…..After moving country KIIX from the 96.1 frequency in Spokane to KZFS-AM/K257FX, iHeartMedia launches new alternative rock outlet “ALT 96.1.”  The station is airing Premiere Networks’ Los Angeles-based “The Woody Show” in morning drive…..The nationally syndicated Tino Cochino program is airing in evenings on Alpha Media’s CHR WNGY, Peoria “G 102.3.”  Cochino comments, “I’ve been a fan of the ‘G’ brand from the beginning.  Alpha took a different, much needed approach and it’s clearly working.  To partner our show with ‘G 102.3’ is beyond exciting to say the least!  I appreciate the opportunity and look forward to extending our brand in the Peoria market.”.….iHeartMedia announces Taylor Swift will present the world premiere of her new video for the hit single “Delicate” at the 2018 iHeartRadio Music Awards this Sunday (3/11).  The event will simulcast live on TBS, TNT and truTV at 8:00 pm ET in addition to airing on numerous iHeartMedia radio stations…..The sale of four radio stations from MTS Broadcasting to Draper Media closes.  Draper acquires Maryland stations country WAAI-FM, Hurlock; oldies WTDK-FM, Federalsburg; adult standards WCEM-AM, Cambridge; and adult contemporary WCEM-FM, Cambridge for $700,000.  Greg Guy of Patrick Communications was the exclusive broker…..Premiere Networks and Viacom’s CMT announce a multi-year extension of their deal that syndicates CMT personality Cody Alan’s “CMT After MidNite” country music show.  As part of the deal, CMT and Premiere Networks will continue to collaborate and develop programs and events for multiple platforms.

PPM Analysis: Rhythmic CHR.  Managing editor Mike Kinosian presents a look at the performances of radio stations based on data from Nielsen Audio’s January 2018 PPM survey, today focusing on rhythmic CHR.  In this report, Kinosian compares 6+ share fluctuations from the Holiday 2017 survey to January 2018, January 2017 to January 2018, and more.  See the whole report here.

Thursday, March 13, 2014

| March 13, 2014

francesamikeWFAN, New York’s Mike Francesa Gets Video Deal with Fox 1.  After exiting the YES Network for the TV simulcast of his radio show in early February when his contract ran out, New York sports talk icon Mike Francesa’s WFAN show will land on Fox Sports 1 and Fox Sports 2 in a deal just announced.  The companies say they’ve reached foxsports1a “multi-year, multi-media agreement.”  Fox Sports 1 and 2 general manager and COO David Nathanson says, “We are thrilled to add Mike Francesa to our Fox Sports family of channels.  Mike is without question one of the most popular sports personalities in New York and has maintained a significant national reputation through his syndicated NFL show and his WFAN program…He’s knowledgeable and opinionated with an ability to attract top-name guests who appeal to sports fans everywhere.  This is a fantastic addition to FOX Sports 1 and FOX Sports 2.”  The simulcast begins on March 24 when it will air from 1:00 pm to 4:00 pm on Fox Sports 1 and then from 4:00 pm to 6:00 pm on Fox Sports 2.  It will also be streamed live via Fox Sports GO through participating video providers.  Francesa will deliver the Sports Keynote Address at the Talkers New York 2014 conference on Friday, June 20, 2014.

weei logoSalk Exits WEEI-FM, Boston After a Year.  The homecoming for Boston-bred sports talk personality Mike Salk lasted just about a year.  Salk has left the station for a new gig elsewhere (reportedly back to KIRO-AM, Seattle where he was co-hosting with Brock Huard).  The changes at WEEI-FM since former afternoonsalkmike drive personality Glenn Ordway was forced out have been numerous: program director Jason Wolfe exited and the general manager who brought Salk to WEEI – Jeff Brown – abruptly left in September of 2013.  Boston Globe writer Chad Finn analyzes the situation and states that although Salk was raised in the area and worked at other Boston AM signals for a time, “his homogenized style, honed during his time at ESPN radio, made him seem like an outsider.”  Finn reports the station will begin pairing up a rotating cast of co-hosts for Michael Holley in the PM drive slot as is works to find a permanent replacement for Salk.

ktth logoKTTH, Seattle Produces ‘Panel Series’ to Debate Policy Issues.  Seattle news/talker KTTH is beginning a panel series aimed at “encouraging robust discussion of important issues in Western Washington,” and it will start with an April 9 debate over the proposed $15 minimum wage.  Afternoon talk host Ben Shapiro will take part in the debate and morning drive personality David Boze will moderate.  Also taking part in the debate will be Seattle City Councilwoman Kshama Sawant, National Employment Law Project deputy director Rebecca Smith, and Washington Policy Center vice president for research Paul Guppy.  The debate is open to the public.

catsimatidisWNYM, New York to Air ‘The Cats Roundtable.’ New York business mogul and former mayoral candidate John Catsimatidis begins hosting an hour-long Sunday morning program on Salem Communications’ WNYM, New York “AM 970 The Answer” this weekend.  The station says the show will feature interviews, listener call-ins and John’s unique take on the news affecting New York.  Catsimatidis is CEO of The Red Apple Group and Gristedes Foods.  His first guests on the 3/16 program will include former NYC Mayor Rudy Giuliani and former New York Governor George Pataki.  Catsimatidis comments, “I’m incredibly excited about this.  After the mayor’s race, I was struck by how many New Yorkers from all walks of life were anxious to continue the conversation about how to improve our city.  As a lifelong fan of local radio, I’m convinced that this is the best way to do that.”

smithrandySmith to Named to GSM Post at Cox Tulsa.  Moving over from the television side of Cox Media Group’s Tulsa operations is Randy Smith who is named general sales manager for the group that includes classic rock KJSR, AC KRAV, news/talk KRMG-AM/FM, and country KWEN.  Cox Tulsa general manager Gene Vidler says, “I am excited to have Randy join our radio cluster.  I have known Randy for many years, first as a competitor and more recently as a colleague with our sister TV stations.  Randy’s knowledge of the market and his relationships in Tulsa will be a great fit to help our radio cluster continue to grow.  Randy is very well respected and well known in the media community.”

knxgridlockKNX, Los Angeles to Air Daylong Programming on Region’s Traffic Problems.  Southern California’s traffic problems are legendary and CBS RADIO’s all-news KNX “1070 NEWSRADIO” is presenting what it calls a “comprehensive and unprecedented examination of Southern California’s infamous traffic congestion that often turns the region’s freeways and streets into a continuum of parking lots.”  It’s a day-long series titled, “Driven to Gridlock: L.A.’s Never-Ending Sig Alert,” airing on Thursday, March 27 from 5:00 am to 7:00 pm.  The station says, “Producers Charles Feldman and Laraine Herman, along with KNX 1070’s award-winning news staff, will explore the past, present and future of SoCal’s traffic situation with help from urban planners, civic leaders, technology experts, law enforcement and commuters.  Among the topics to be covered in 26 special reports will be the evolution of our region’s car culture; why traffic congestion will likely worsen before it improves; the future of mass transit; the financial impact of traffic jams on business; coping with an aging infrastructure and growing population; the impact of past ‘solutions’ such as signal synchronization, car pool lanes, ridesharing, and toll lanes; and more-recent ideas like congestion pricing popular in Europe and flexible work schedules.”

conwaysimonOdds & Sods.  Hard-working talk radio personality Simon Conway – afternoon drive host at Clear Channel’s WHO, Des Moines – is continuing his fill-in work subbing for Premiere Networks nationally syndicated host Andy Dean.  Iron-man Conway is used to double-duty having hosted the morning show at WFLF, Orlando for six days earlier this month…..Public radio WNYC, New York welcomes Sean Bowditch to the organization as executive editor.  Bowditch has served in the past as senior producer for “Marketplace Morning Report,” and producer at NPR and WBUR, Boston…..ESPN Radio is expanding its “SportsCenter All Night” program to seven nights a week.  Joining veteran ESPN Radio “SportsCenter” host Jay Reynolds, who will continue to host SportsCenter All Night Sunday into Monday through Thursday into Friday, will be John Brickley, who will serve as host of the late Friday and Saturday shows.

mhruddygroupPosh Palm Beach Pow Wow!  Noticing that more than a handful of his talk radio pals were in Florida’s Palm Beach County at the same time, Newsmax CEO Christopher Ruddy invited them all to dinner and conversation last evening (3/12) at Donald Trump’s palatial Palm Beach Island estate, Mar-A-Lago.  The result was a real yak-fest.  Among the many topics of conversation — which ran the gamut from industry gossip to the future of radio in the digital age – was inside-information about Newsmax’s forthcoming plunge into the news/talk television wars.  Pictured (l-r): Rush Limbaugh show producer James Golden; WRKO, Boston personality Howie Carr; WFTL, Fort Lauderdale VP/GM Steve Lapa; former U.S. Rep. (R-AZ), talk show host and Newsmax TV contributor J.D. Hayworth; TALKERS magazine publisher Michael Harrison; and Ruddy.

katz mg logoKatz Media Group Helps Raise $170,000 for Broadcasters Foundation of America.  After its 5th annual membership drive to support the Broadcasters Foundation of America, Katz Media Group announces this year’s contributions bring Katz’s total support to more than $170,000.  The BFoA provides financial assistance to those in the radio and television profession who find themselves in acute need.  Katz Radio Group president Mark Gray states, “The Broadcasters Foundation does incredible work for those in need.  Every year, our company looks forward to the opportunity to come together and make a difference.  I’m enormously proud of our employees continued dedication, which to date has raised more than $170,000 over the past five years.  The contributions have even more meaning for Katz as it supports the Stu Olds Memorial Fund, in honor and memory of our former president and CEO.”

ObamaCare Criticism, Malaysia Airlines Flight 370 Mystery, Obama vs. Putin/Crimea-Ukraine Crisis, 2016 Presidential Race, Winter Weather/Global Warming, and Overtime Pay Hike Proposal Among Top News/Talk Stories Yesterday (3/12).  Scrutiny of the rollout and effects of the Affordable Care Act; the search for the missing Malaysia Airlines plane and the theories of its disappearance; President Obama’s standoff with Vladimir Putin over the Crimea-Ukraine crisis; speculation about possible candidates in the 2016 presidential election; the latest bout of winter weather hitting the East and debate over global warming; and President Obama’s proposal to enact mandatory hikes in overtime pay were some of the most-talked-about stories on news/talk radio, according to ongoing research from TALKERS.