Tag: "Joseph Ianniello"
CBS RADIO Dips 2% in First Quarter. When CBS Corp. delivers its quarterly financial reports, the focus is on television and this first quarter of 2016 is no different. As a whole, the revenue for the first quarter was $3.85 billion – an increase of 10%. But looking at radio – which is part of the company’s Local Broadcasting division – net revenue was down 2%. As for the status of the radio division, CEO Les Moonves and CFO Joseph Ianniello reiterated what’s been said publicly over the past few months: The company is pursuing making CBS RADIO a separate, publicly traded company and, at the same time, is listening to any offers to divest of some or all of the stations if it can do so in a tax-friendly manner.
Beasley Broadcast Group Q1 Revenue Rises 13.2% on Strength of New Tampa and Charlotte Properties. The net revenue for the first was $27.5 million – an increase of 13.2% — that is largely the result of its late 2014 station swap with CBS RADIO. Beasley Broadcast Group traded five stations in Philadelphia and Miami for 13 outlets in Tampa and Charlotte (and one AM in Philly). Interim CEO Caroline Beasley (who also serves as EVP/CFO) comments, “While 2016 first quarter revenue included the cyclical return of political advertising, we generated organic revenue growth even without the political spending. In addition, we achieved our goal of our clusters, on a combined basis, outperforming the markets that report to Miller Kaplan for the full quarter and expect this trend to continue in 2016.” Beasley also notes that the company paid down $3 million against its debt, leaving the remaining debt standing at $86 million. She adds, “We intend to continue our use of cash from operations to further reduce debt, pay quarterly cash dividends and to pursue other opportunities to enhance shareholder value and during the first quarter declared our tenth consecutive quarterly cash dividend.”
FINALLY, IT’S HERE! Talkers New York 2013 Takes Place in the Big Apple Today (6/6). The 16th annual installment of TALKERS magazine’s annual convention takes place in New York City today. Featuring a roster of more than 55 speakers, the event formerly known as “The New Media Seminar” has been sold out since May 1 — a record-breaking 37 days in advance. The entire agenda will be broadcast live and raw in real time on TalkersRadio between 9:00 am and 6:00 pm today. To access TalkersRadio, click here. To see the latest up to-the-minute agenda, click here. “We are very pleased to be able to broadcast this event on TalkersRadio,” says publisher Michael Harrison, “especially since it was such an early sellout.” Harrison adds, “This will be the first official broadcast on TalkersRadio, our new internet streaming talk radio station. It will give our readers, who could not attend, a gavel-to-gavel ear on the proceedings. We are excited to do this.” TalkersRadio is powered by Backbone Networks Corporation. Check with Talkers.com for complete coverage of the conference.
CBS Corp. Announces Joseph Ianniello Named COO. CBS Corp. president and CEO Leslie Moonves announces chief financial officer Joseph Ianniello has been named chief operating office for the company. In this new role he’ll still hold financial operation responsibilities but will join the negotiating team on content deals with pay TV and streaming providers. In a statement, Moonves says, “He’s been a game-changing CFO, but he’s also so much more than that. He is a tough negotiator, a great manager, and someone who brings energy, passion and a great sense of teamwork to anything he does. He is also someone who has developed incredible trust and admiration on Wall Street, with our shareholders, our board of directors and my superb senior management team, of which he is an integral part. I am proud to promote Joe to this new position, which not only recognizes the many contributions he has already made, but sets him up for all the great work yet to be done.”
Mitch Rosen Sticks with WSCR, Chicago. Chicago media writer Robert Feder reports he spoke with sports talk WSCR, Chicago program director Mitch Rosen about the rumor he was going to be the next program director at WGN, Chicago and that Rosen is not interested in the job. Feder writes that Rosen says he was approached by new WGN president Jimmy de Castro about the position but doesn’t want to leave “The Score.” Rosen states, “I was flattered by the interest at WGN. I’m grateful for the team we have here, and I continue to grow this brand that is 21-plus years old. I love what I do. I love working at The Score.” Programmer Bill White was let go from his PD post at WGN earlier this week.
WEEI, Boston Announces Summer Hoops Show. Entercom’s WEEI-FM, Boston announces the debut of “Celtics Summer Cooler,” a new program hosted by Sean Grande and Cedric Maxwell that will air on Saturdays from 1:00 pm to 3:00 pm beginning June 8 and run through September 28. WEEI says, “Grande and Max comprise one of the longest-running broadcast teams in NBA history, having called over 1,200 games between them, and have been the voices of the Celtics since 2001. This new show will provide Celtics fans with the most comprehensive news and analysis of the team, from the draft to the summer league and right up to training camp. Listeners can expect to hear from Celtics front office personnel, players, beat writers and columnists, and national media members from around the league. Entercom Boston VP of programming and operations Jason Wolfe says, “This is going to be the most interesting offseason for the Celtics since 2007 when Danny pulled off the big trades for KG and Ray Allen. Celtic fans deserve a show that will be devoted to the team’s efforts this summer, and no one knows the strategy better than Grande and Max.”
Radio Mercury Winners Celebrated. The 22nd annual reception for the Radio Mercury Awards took place at the Highline Ballroom in New York City on Wednesday, June 5. This year’s Best of Show Award was given to Barton F. Graf 9000 LLC for their radio campaign, “A Long Day of Childhood” for Ragu/Unilever. Pictured here (from l-r) are: Bill Cimino, Y&R Midwest; Dave Suarez and Danny Gonzalez, Barton F. Graf 9000 LLC; Erica Farber, RAB; and Gerry Graf, Barton F. Graf 9000 LLC. This year’s event was produced by the Radio Advertising Bureau and presented by Clear Channel Media & Entertainment. Speaking about the Best of Show winner, Y&R Midwest chief creative officer Bill Cimino said, “The work from Barton F. Graf 9000 was the standout radio creative, especially the Ragu campaign, and the Integrated Little Caesars campaign.” Cimino served as chief judge for this year’s Radio Mercury Awards. RAB CEO Erica Farber stated, “All of tonight’s winners epitomize the level and standard of excellence that we always hope to award at the Radio Mercury Awards. These winning spots and campaigns are true testaments to radio’s ability to engage consumers, build brands and inspire the next generation of creative minds.”
KOZN, Omaha Welcomes Volleyball Champ. NRG Media’s KOZN, Omaha “1620 The Zone” recently welcomed U.S National Indoor Volleyball team member Foluke Akinradewo to the studios where she was part of the station’s “Unsportsmanlike Conduct” program. Akinradewo won the gold medal and the MVP award at the 2010 FIVB World Grand Prix. Pictured here are (from l-r): KZON producer Josh Peterson, co-host John Bishop, Akinradewo, and co-host Mike’l Severe.
NSA Phone Records Seizure, Child Lung Transplant Case, IRS Scandal, Eric Holder Under Fire, Dow Drops Below 15,000, and Susan Rice-Samantha Power Appointments Among Top News/Talk Stories Yesterday (6/5). The court ruling mandating Verizon turn over Americans’ phone records to National Security Agency; the case of a 10-year-old lung transplant patient; the deepening IRS scandal; Attorney General Eric Holder under fire for DOJ actions; the Dow sinks below 15,000 in anticipation of jobs report; and President Obama’s appointments of Susan Rice and Samantha Power were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS.
Entercom News/Talk WRKO, Boston Picks Up Option on PM Drive Host Howie Carr. It was five years ago that Boston talk radio king Howie Carr had negotiated what was reported at the time to be a lucrative new deal to host morning drive on Greater Media’s crosstown WTKK, Boston after 13 years with WRKO. But WRKO laid claim to Carr’s services via language in his contract, a legal battle ensued and Entercom came out victorious, winning Carr’s services for another five years plus an option to have him even longer. Today, Entercom announces it is picking up that option. Entercom Boston VP of programming Jason Wolfe states, “Howie Carr is a Boston radio legend and I’m looking forward to having him continue to anchor afternoon drive. This is a great day for our listeners, affiliates and advertisers, and I’m excited that we’ve extended our relationship.” At the time of Carr’s attempt to join Greater Media five years ago, he made no bones about wanting to break away from WRKO, but that was before the recession hit and altered the marketplace for talk radio hosts – even ones with successful track records, loyal fans and satisfied advertisers. WRKO’s announcement states that in picking up Carr’s option, he’ll remain with the station “for the foreseeable future.”
CBS Radio Debuts Tampa FM Sports Outlet 98.7 The Fan. The flip from Hot AC to sports talk on WSJT, Tampa happened at 12:00 noon yesterday (8/2) and the lineup was announced at a press conference at the University of South Florida Sun Dome. The program schedule is: former Baltimore and Washington, DC personality Kirk McEwen alongside former Tampa Bay Lightning player Chris Dingman in AM drive; Tampa Bay Times columnist Gary Shelton and Justin “The Commish” Pawlowski (who is a carry-over from AM 1010 Sports format) are teamed up for the 10:00 am to 2:00 pm shift; for PM drive, former Tampa Bay Buccaneer Anthony “Booger” McFarland and Yahoo! Sports Radio and ESPN alum Todd Wright co-host; in evenings, former MLB Network and Tampa Bay Rays air talent Rich Herrera hosts from 6:00 pm to 10:00 pm and in the overnight slot, it’s Fabulous Sports Babe Nanci Donnellan. At the press conference, CBS Tampa market manager Ben Hill announced the station would also serve as flagship for University of South Florida play-by-play. Mike Pepper is programming the station and producer Jerry Petuck is serving as assistant program director.
Industry Eyes on Atlanta as CBS Radio Prepares to Launch FM Sports Outlet. This week’s announcement that CBS Radio is flipping Triple A WZGC, Atlanta to sports talk in late September or early October has industry watchers speculating about what talent will fill the program schedule. CBS’ modus operandi is to go live and local and that will be the case in major market Atlanta. Rumors are already starting to circulate that programming architects are shooting for some “big talent” – at least some of whom will be considered to have “celebrity” status.
CBS Radio Reports Revenue Down 2%. CBS Corporation held its quarterly conference call yesterday to discuss results of Q2 2012 and talk about the future. CFO and EVP Joseph Ianniello reported revenue for the radio group was down 2%. “The radio revenue comparison was affected by the sale of the West Palm Beach radio cluster, which closed on April 1. Radio revenue for our top 10 markets was flat for the quarter. Local broadcasting OIBDA of $248 million was up 8%. And the OIBDA (operating income before depreciation and amortization) margin grew 2 percentage points to 35% driven by growth in high-margin revenue and lower programming costs.” Addressing the radio end, CEO Les Moonves stated, “At our radio stations, we remain focused on the formats that are performing best, especially news and sports. We’re particularly excited about the upcoming launch of our new CBS Sports Radio network, which right out of the gate, when we debut in January, will be the largest major-market sports radio network in the nation, with outlets in nine of the top 10 markets. This 24/7 network of sports radio stations will feature both national and local content and leverage the resources of CBS Sports, our CBS Sports Network, cable channel and content from our existing local sports radio stations.” Ianniello added, “The CBS Radio network, the sports radio — the radio sports business is probably $150 million market. So we’re going to be large coming right out of the gate so it’s all incremental. It’s not in dollars we play in today at the local segment, so we expect to gain our fair share of that…there’s very little incremental cost for us. A lot of the talent and the content, we’re already producing, so this made a whole lot of sense for us. And with the outlook with Cumulus, we do think it is a fantastic partnership with great content and great distribution. So we do expect some upside, again, starting in 2013.”
Radio One Will Be Patient with Houston All-Newser. Radio One CEO Alfred Liggins says, “We still believe the #6 radio market can support one all-news station.” Radio-Info’s Tom Taylor reports Liggins is bullish on the station it flipped from gospel last fall noting that, in that format, KROI was billing just $4 million a year and doing $2 million in cash flow on a facility for which the company paid $72 million. News 92 FM has been hovering around a 1-share persons 6+ in the Arbitron PPM ratings. Liggins says his consultant on the station believes ratings should start to rise above the 1-share mark in 2013.
“Sports Biz Today” Debuts on Business TalkRadio Network August 6. Host Fred Wallin and co-hosts Howard Bloom, Beth Silverberg and JB Kaye return to Business TalkRadio Network with their “Sports Biz Today” program that leans heavy on the business aspect of the sports industry. The program airs daily at 7:00 pm ET. Fred Wallin says, “In the past few years our sports industry has grown and grown and we want to make ‘Sports Biz Today’ the place where fans, and those in the business, can get together.” BTRN states, “Sports are big business, whether it’s the multi-million dollar contracts signed by players or the marketing and advertising behind the teams. Fans will be talking to Fred Wallin about money, events and people that make up the exciting world of sports.”
CRN Digital Talk Radio Launches Weekend Show for Future Hollywood Stars. It’s called “Breaking In with Rick and Jeff,” and features Hollywood pros Rick Shoemaker and Jeff Maxwell who’ll give aspiring filmmakers, actors, musicians and others a chance to learn what it takes to make it in Tinseltown. The program airs live Saturdays at 7:00 pm PT. Rick Shoemaker has served as president of Warner Chappell Music Publishing, where he helped develop the careers of such artists as Green Day, Sheryl Crow, Nickelback, Dr. Dre, Missy Elliott, Van Halen and many others. He later headed his own management firm that included clients like Loggins & Messina, Poco, Boz Scaggs, and others. Jeff Maxwell’s career began when he teamed up with a high school friend as part of a comedy duo that performed around the world for eight years. Ultimately, Maxwell would turn his attention to acting where he landed the role of Private Igor, the hapless mess cook on “M*A*S*H,” for nine years. In later years, Maxwell turned his attention to creating and developing a number of television shows and motion pictures.
Odds & Sods. New York City-based talk show host Steve Malzberg is unveiling his new video channel located on Spreecast.com – developed by the same company that founded StubHub.com. In one of Malzberg’s first productions, he interviews former Bush Administration defense secretary Donald Rumsfeld…..Georgia Beasley returns to her South Florida roots where she’ll take on the role of interactive sales manager for Beasley Broadcast Miami’s three stations that include sports talk WQAM. She spent the past year as GSM at the company’s WJBR, Wilmington, Delaware. Ms. Beasley is the granddaughter of Beasley chairman George Beasley…..Clear Channel Media and Entertainment’s Milwaukee cluster acquires the exclusive NFL and NCAA basketball play-by-play rights from provider Dial Global/Westwood One. CC has six stations in the market including news/talk WISN.
Rich Rapiti Exits Courtside Entertainment Group. Veteran affiliate sales executive Rich Rapiti is looking for his next opportunity as he leaves his senior director of affiliate relations position with Courtside Entertainment Group. Prior to working with Courtside, Rapiti worked in the affiliate relations department at Westwood One. He can be reached at 973-809-3049 or e-mailed at: email@example.com.
The Presidential Campaign Returns to #1 Spot on the Talkers TenTM. The race for president in the 2012 election was the most-talked-about topic on news/talk radio during the week of July 30 – August 3. Coming in at #2 this week was the Chick-fil-A controversy. At #3 was a tie between the rising jobless claims and the Fed’s announcement it will take no immediate action to spur the economy. Following at #4 was the Texas Republican primary victory for the U.S. Senate seat by Tea Party-supported candidate Ted Cruz. The Talkers TenTM is a chart of the top stories and people discussed on news/talk radio in America according to ongoing research from Talkers. It is published every Friday at Talkers.com. View this week’s entire chart here.
TALKERS Weekly Affiliate Roundup. Premiere Networks’ Glenn Beck is now heard on KFXR, Dallas…..Cox Media’s Clark Howard is added to the program lineup at KARS, Belen, New Mexico…..The XtreMedia-produced Dani Johnson show is added to the on-air lineup at WNYM, New York; KMET, Riverside-San Bernardino; KFNX, Phoenix; KKVV, Las Vegas; and KPRZ, San Diego…..CBS Radio’s “Overnight America” with Jon Grayson is picked up by WGUL, Tampa-St. Petersburg and WLSS, Sarasota-Bradenton…..Dial Global’s feature “Ask Dr. Phil” is added to WDNY-AM and WDNY-FM, Rochester. The company’s “Daily Dose with Dr. Oz” joins the program schedule at KIVA, Albuquerque; KLIV, San Jose; and WLPO, LaSalle-Peru, Illinois…..The “Rose Hollywood Report” with Shannon Rose is picked up by WZTC, Traverse City, Michigan.