Tag: "Kathy O’Malley"
Townsquare Announces Stations Acquisition; Deal Worth Approximately $281 Million. Townsquare Media, LLC announces that it has executed definitive documentation related to three transactions with Cumulus Media Holdings, Inc. and Peak II Holding LLC which, upon consummation, will result in Townsquare acquiring assets including 71 radio stations in 15 markets. After the deal is consummated, Townsquare will own 312 radio stations in 66 markets and have operations in 25 states, making it the third largest owner of radio stations in the United States and the largest, “best-capitalized owner and operator of radio stations solely focused on small and mid-sized markets.” In a press release this morning, Townsquare reports it is acquiring assets including 53 radio stations (three of which will be assigned to a divestiture trust) in 12 markets (Battle Creek; Cedar Rapids; Danbury, Connecticut; Faribault-Owatonna, Minnesota; Kalamazoo; Lansing; Portland, Maine; Portsmouth-Dover-Rochester, New Hampshire; Quad Cities; Rochester, Minnesota; Rockford, Illinois; and Waterloo, Iowa) from Cumulus for cash. Townsquare is also acquiring Peak, which owns assets including 11 radio stations in two markets (Boise and Fresno) for cash and equity units of Townsquare. Finally, Townsquare will exchange certain assets including five radio stations, in Fresno it is acquiring from Peak, for Cumulus assets including 15 radio stations in two markets (Dubuque and Poughkeepsie) and a de minimis cash settle-up payment in favor of Townsquare. In total, Townsquare will be acquiring 68 stations from Cumulus, three of which will be assigned to a divestiture trust, and eleven Peak stations, five of which will be exchanged to Cumulus, resulting in a net increase of 71 stations. Townsquare expects to finance the transactions with a mix of secured and unsecured debt financing, Townsquare equity units and cash on hand. Townsquare has received debt financing commitments from its various financing partners in connection with the transactions and will complete its financing in compliance with the covenant package of Townsquare Radio, LLC’s existing Senior Unsecured Notes indenture. “These transactions represent the continued evolution of Townsquare Media into one of the nation’s largest local media companies and allow us to reach a scale which opens the door to new strategic opportunities,” comments Townsquare Chairman and CEO, Steven Price. “The assets we are adding to our portfolio are market leading brands with strong competitive positions in their respective small and mid-sized markets. We are excited by the opportunity to deploy our differentiated local-media strategy across a broader footprint in order to better serve our communities and our advertising clients.”
Cumulus Announces Expected Dial Global Acquisition. Cumulus Media Inc. issues a press release this morning announcing “a series of strategic transactions that solidifies the company’s position as a leading producer of high-quality content and continues to reshape its footprint focused on the top 100 markets.” The transactions announced today include:
• Acquisition of Dial Global, Inc. for $260 million in cash (consisting of approximately $45 million attributable to equity and the retirement of $215 million of debt)
• Sale of 53 radio stations in 12 small and mid-sized markets to Townsquare Media for $238 million in cash (inclusive of the acquisition of net working capital)
• Swap with Townsquare Media of 15 radio stations in two small & mid-sized markets in exchange for the receipt of five stations in Fresno, CA (market #68)
“These transactions give us the necessary scale to provide the marketing and enterprise solutions our advertising and affiliate partners require,” said Lew Dickey, CEO of Cumulus. “Our goal is to be the leading producer of premium audio content distributed through multiple platforms while continuing to build our broadcast platform in the top 100 U.S. markets.”
The acquisition of Dial Global will add sports, news, talk, music and programming services content – enabling Cumulus to provide a wider variety of options to approximately 10,000 U.S. radio stations, other media platforms and international platforms. New content acquired through the Dial Global acquisition will include NFL, NCAA, NASCAR, Olympics, AP Radio News, NBC News and other popular programming. Cumulus expects the transaction to be deleveraging based upon identified cost synergies of approximately $40 million, with additional upside from revenue growth potential through the creation of new content vehicles for broadcast radio advertisers. Additionally, Cumulus believes the opportunity exists to distribute premium, curated audio content across emerging new media platforms. Further, Cumulus intends to service broadcasters’ demands for premium content and enterprise solutions in Europe, the Americas and Australia.
WGN, Chicago Announces New Lineup. Yesterday (8/29), TALKERS reported the reuniting of Chicago radio personalities Wendy Snyder and Bill Leff on Tribune’s WGN, Chicago. Now, the station issues a release detailing the programming changes – some of which were reported a few weeks ago – that take place on Tuesday, September 3. As reported earlier, Steve Cochran assumes morning drive duties; he’s followed by Wendy & Bill from 9:00 am to 12:00 noon; husband and wife team Bob Sirott and Marianne Murciano (pictured at left) air from 12:00 noon to 3:00 pm and Garry Meier continues to host the 3:00 pm to 7:00 pm slot. David Kaplan maintains his 7:00 pm show start but wraps at 11:00 pm when Pete McMurray, who expands his role with the station, starts hosting the 11:00 pm to 2:00 am program. As reported earlier this week, Nick Digilio becomes a full-time host with the station on the 2:00 am to 5:00 am slot. Weekends are spotlighted by the return of Kathy O’Malley and Judy Markey (pictured lower right) to the station in the Saturday 10:00 am to 12:00 noon slot beginning September 14. Other changes include: “The Design Dude with Frank Fontana” airing from 6:00 am to 7:00 am, followed by “Mr. Fix-it with Lou Manfredini” from 7:00 am to 10:00 am. When not affected by sports preemptions, Bill Moller will follow Kathy and Judy from 12:00 pm to 3:00 pm and “Sports Central” will remain in the 3:00 pm to 6:00 pm time slot. The Sunday lineup will introduce a new show dedicated to the discussion of the Chicago political landscape. Chicago Tribune writer Rick Pearson will host “Chicago Way: Politics with Pearson” on Sundays from 7:00 am to 9:00 am. “The Dean Richards Sunday Special” will follow at 9:00 am, extending an additional two hours until 1:00 pm. In addition to his Saturday show, Bill Moller will air from 1:00 pm to 3:00 pm. Brian Noonan remains in the 6:00 pm to 9:00 pm time slot, followed by the return of Chicago treasure, Rick Kogan, from 9:00 pm to 11:00 pm. Comedian and media personality, Patti Vasquez, will air from 11:00 pm to 2:00 am. Playing a feature role in the future of WGN’s new lineup will be “720 Snackables.” These spotlight segments will live online and on-air as interviews, video shorts, and podcasts. They’ll feature the WGN family of experts including Dean Richards’ “A-List Interviews,” “Legally Speaking with Karen Conti,” “Bertrand on Books” with Steve Bertrand, “Flavor HD” with Hannah Stanley & Dane Neal, “Steve Dale’s Pet World,” Paul Green’s “Paul & The Politicians,” “Good Cents with Ilyce Glink,” and more.
Chris Carl New RTDNA Chair. WDEL, Wilmington, Delaware director of news and programming Chris Carl is the new chair of the Radio Television Digital News Association. Pictured here is outgoing chair Vince Duffy of Michigan Radio (l) passing the gavel to Carl (r). Carl notes that for the first time in the organization’s history, the RTNDF chairman, RTDNA chairman and RTDNA chair-elect are all radio people as Duffy moves to the Foundation chair for the next year, and the membership elects Amy Tardif of WGCU-FM, Fort Myers as the chair-elect.
Odds & Sods. Pittsburgh Steelers quarterback Ben Roethlisberger is set to make regular appearances on CBS Radio’s KDKA-FM “Sportsradio 93.7 The Fan.” Every Tuesday he’ll join the “Vinnie & Cook” show at 11:00 am…..Guaranty Broadcasting’s KYPY, Baton Rouge flips from classic country to a simulcast of sister sports talk WNXX “104.5 ESPN”…..New Jersey Devils hockey will continue to be heard on CBS Radio’s WFAN-AM/FM and beyond. The club signs a new, multi-year deal with the station to keep games on for the ninth straight season beginning in October…..Clear Channel moves Portland Trailblazers basketball from news/talk KEX to sister sports talk KPOJ for the coming season to avoid preemptions…..Bob Smith retires from his post as host of “1370 Connection” at pubcaster WXXI, Rochester, New York after a 25-plus-year career with the station. Smith suffered a stroke in April and is still undergoing rehabilitative care.
More Than $3.3 Million Raised in Jimmy Fund Radio-Telethon. Entercom sports radio WEEI and regional cable sports channel NESN have teamed up for 12 years to air a two-day radio-telethon to benefit the Dana-Farber Cancer Institute in Boston. This week’s event helped raise more than $3.3 million – about the same amount raised the year prior. This puts the 12-year total at more than $34 million. Entercom Boston vice president and market manager Jeff Brown states, “The outstanding generosity of our listeners across New England year after year not only supports a great cause but betters the lives of those who need it most. These past two days have been the most emotionally rewarding for the entire WEEI and Entercom Boston family this year. We remain both humbled and thrilled to have played a role in helping the selfless team at Dana-Farber Cancer Institute in their fight against cancer.” A check was presented at last night’s Red Sox game. Pictured (from l-r) are: Red Sox owner John Henry, Red Sox chairman Tom Werner, Red Sox president and CEO Larry Lucchino, Entercom Boston VP/market manager Jeff Brown, Jimmy Fund director Suzanne Fountain, WEEI executive producer Joe Zarbano, WEEI director of marketing Adam Ralston, NESN president Sean McGrail, and Wally the Green Monster.
Wilmington, NC Sports Talk Show Adds Saturday Edition. The weekly “Sports Connection” show hosted by Port City Daily sports writer Joe Catenacci adds a Saturday edition that begins a run on Sea-Comm-owned rock WBNE, Wilmington “103.7 The Bone.” Joe Cat’s show began as a co-operative effort between the Port City Daily and Sea-Comm news/talk WNTB and WLTT airing Monday evenings from 6:00 pm to 7:00 pm. Beginning tomorrow (8/31) Catenacci and co-host Cori Stukes will broadcast live every Saturday from Hell’s Kitchen on Princess Street in downtown Wilmington. He says in the Port City Daily, “Over the last eight months, we have connected the local community with some of the top names in sports from across the country. Even with a focus on local, we continue to get some of the household names when it comes to industry. Locally, every high school football, basketball and baseball coach has made an appearance on the show at least once, as well as UNCW coaches and players.”
TALKERS Weekly Affiliate Roundup. “Free Talk Live” featuring Ian Freeman and Mark Edge is picked up by a number of new affiliate stations, including: WCKG-AM, Chicago; WBAT-AM, Marion, Indiana; KENT-AM, Parowan, Utah; WRSB, Canandaigua, New York; WASB, Bridgeport, New York; W286AE-FM, Fairport, New York; and WNZS, Bangor, Maine…..“Late Night Health Radio” with host Mark Alyn joins the programming lineup at KABC, Los Angeles…..Talk Media Network’s “Frontlines of Freedom” with Lt. Col. Denny Gillem is added to WFPA, Fort Payne, Alabama…..The “Unlock Your Wealth” feature by Heather Wagenhals is added to affiliate stations WPGR, Pittsburgh; KFIV, Modesto and KWSX, Stockton, California; and WEZO, Augusta, Georgia.
U.S. Syria Action Top News/Talk Story for Week of August 26-30. The question of whether the United States should take action against Syria was the most-talked-about story on news/talk radio this week, landing atop the Talkers TenTM. At #2 was the March on Washington anniversary tied with American race relations. Following at #3 was Miley Cyrus’ performance at the MTV VMAs and at #4 was the implementation of the Affordable Care Act. The Talkers TenTM is a weekly chart of the top stories and people discussed on news/talk radio and is published every Friday at Talkers.com. View this week’s entire chart here.
Big Changes Coming to WGN, Chicago; Cochran to AM Drive and an FM Signal in Tribune’s Future. The Chicago Tribune lays out some of the changes that will take place at Tribune Company’s legendary radio property on September 3. With the hiring of radio executive and former WLUP-FM chief Jimmy de Castro in the spring of this year, industry watchers knew changes were afoot. De Castro wasn’t hired to run things as they were. And now we know some of the ideas de Castro has been considering over the summer. Former midday host Mike McConnell – a WLW, Cincinnati alum brought in by former bosses Randy Michaels and Kevin Metheny – has already moved to the company’s online effort WGN-2. Now, Tribune reveals that air personality Steve Cochran – ousted from the station in 2010 – will return to host AM drive. Current AM drive host Jonathon Brandmeier will move to a digital property dubbed wgnfm.com until the company can acquire an FM signal on which to build a new station. The paper reports that husband-and-wife team Bob Sirott and Marianne Murciano will likely host the 12:00 noon to 3:00 pm show and overnight host Bill Leff will be partnered with a player-to-be-named-later for the 9:00 am to 12:00 noon show. Garry Meier remains in the 3:00 pm to 7:00 pm slot but is expected to take on a name partner soon. Another return of talent from the pre-Randy Michaels days are Kathy O’Malley and Judy Markey (former midday “Girlfriends”) who will do a weekend program on WGN. The AM radio property will also build using blocks from its WGN-TV sibling, starting with the branding slogan “Chicago’s Very Own.” De Castro says the station will use WGN-TV personalities more often, including Dean Richards and Tom Skilling. As for the future FM property that will start as a digital station, de Castro says, “We’re going to create it as a radio laboratory. We’re going to build it up until we get an FM and then we’re going to put them all on a talk FM.” The story notes that any purchase of an FM will come after the company sheds its newspaper division. That may happen in 2014 if a buyer (or buyers) can be found.
Jim Watkins Returns to Talk Radio Network. Radio pro Jim Watkins served with Talk Radio Network for 13 years as director of affiliate relations and executive producer for the syndication company. Now, TRN Syndications, Ltd. announces it is engaging Watkins “to spearhead several new projects within TRN and to assist in the growth of the existing affiliate base of the multiple TRN networks and many radio stars that TRN syndicates.” The company states Watkins will oversee new business development and growth-strategy projects for the TRN Networks that distributes Andrea Tantaros, Jerry Doyle, Rusty Humphries, Erich “Mancow” Muller, Monica Crowley, “America’s Morning News,” Michio Kaku, Louie Anderson, Roy Masters and America’s Radio News Network, and a complete weekend lineup of a variety of talk programming. CEO Mark Masters says he’s thrilled to have Watkins leading his affiliate department at this most crucial time. “Jim is deeply entrenched in talk radio and has developed alliances with key programmers across the country. As the country ramps up into the mid-term elections, talk radio has never been more vital to facilitating the national debate. Jim really understands the vitality of talk radio better than most people in the industry today.” Watkins previously programmed news/talk stations for Clear Channel, as well as South-Florida based Meridian Broadcasting, and also served as producer for some of the top air talent in the country, including Michael Savage, Mike Gallagher, Barry Farber, and others. He adds, “Talk radio reaches the most affluent and loyal audience of any format, and it does so by allowing for a free exchange of ideas which can and does influence public policy in a big way. To have one of the best rosters of talent to be found anywhere gives me a great sense of pride.”
Nationally Syndicated Host Thom Hartmann Debuts Daily Caller Column. Liberal talk media star Thom Hartmann begins writing a weekly column for the conservative digital publication Daily Caller in which he addresses an issue from his own perspective followed by a conservative or libertarian rebuttal. In his first column – dubbed “Liberally Yours” – Hartmann asks the question: Should the Post Office be in charge of your e-mails? You can read the piece here. Hartmann – whose radio program is syndicated by WYD Media Management – was recently honored by TALKERS magazine ranked at #7 on the Frontier Fifty 2013 – A Selection of Outstanding Talk Media Webcasters (see that entire feature here). In addition to his AM/FM radio program, Hartmann’s digital efforts have earned him recognition by TALKERS for his forward-thinking business model that pushes his content into exciting new areas.
Scott Webb Joins Beasley South Florida as Production Director. Beasley Broadcast Miami announces the appointment of Scott Webb as production director for its three-station cluster that includes hip hop WPOW “Power 96,” country WKIS “99.9 Kiss Country” and sports talk WQAM “560 Sports Radio.” In this new post, Webb will be responsible for overseeing the voicing and production of commercials for the stations. Webb owns Scott Webb Radio Imaging based previously in Washington/Baltimore that he founded in 2001. Prior to launching his own firm, he was creative services director and morning co-host at WJMO, Washington, D.C. He has also served as creative services director at WHUR, Washington, WMMJ, Washington and KRBV, Dallas. WKIS operations manager Ken Boesen states, “Scott brings exceedingly strong production skills, top-quality voiceover abilities and a fun work ethic to Beasley Miami. He’ll be a great addition to the team and will help make our production department the strongest in South Florida.”
Boston Celtics and WEEI/WRKO Part Company; Will CBS Radio Swoop In? The Boston Globe’s Chad Finn reports that Entercom and the NBA’s Boston Celtics have ended negotiations to continue airing games on sports talk WEEI-FM and news/talk WRKO this season after being unable to come to terms. Now the question is will CBS Radio’s WBZ-FM “98.5 The Sports Hub” be able to secure the play-by-play rights? In the ongoing and bloody battle between the two sports talk stations, a snare of Celtics hoops would give WBZ-FM three of the four major sports in town: Patriots football, Bruins hockey and Celtics basketball – leaving WEEI-FM with Red Sox baseball (no small potatoes, obviously). As Finn notes in his piece, CBS Radio owns enough stations in the market to cover any conflicts between the several teams’ games. Finn writes that Entercom and the Celtics had a revenue-sharing agreement under the old deal but it’s unknown if there was also a rights fee. Historically, CBS Radio has been willing to pay big dollars for play-by-play rights if it believes it can justify the expense down the road.
Good Karma Lets Three Go at WKNR, Cleveland. In a report on Cleveland.com, Good Karma trims its staff by three as sports talk outlet WKNR “ESPN Cleveland” says goodbye to sports talk host Kenny Roda, Browns beat reporter Will Burge and Indians beat reporter T.J. Zuppe. Burge tells the news outlet that although he was a little surprised by the changes, he says, “I guess you can never be too surprised in this business when they say they want to meet with you about some big-picture changes.” Roda Tweeted to fans, “Thanks to all who have made the last 21 years at WKNR a remarkable, unforgettable & amazing journey. I enjoyed sharing it with you all.”
Art Versnick Named GM at WGMD, Rehoboth Beach, Delaware. Resort Broadcasting news/talk WGMD, Rehoboth Beach, Delaware “The Talk of Delmarva” announces Art Versnick joins the station to serve as general manager. In making the announcement, company president David Schoumacher states, “Art is a seasoned broadcast professional who brings great knowledge to our very important heritage radio station. It was imperative to secure the future of this franchise with a pro, and we’ve done that by bringing his talent to work with our staff.” Versnick comments, “I’m thrilled to be joining this heritage station – with its local air staff – almost unheard of today in news/talk radio. The dedication of this staff and ownership to provide Sussex County with quality and local programming will continue and move to the next level in providing listeners and advertisers a local forum.”
Journal’s WTMJ, Milwaukee Begins Sponsored Live Broadcast Series. Journal Broadcast Group’s news/talk WTMJ, Milwaukee announces the debut of the “We Love Wisconsin Tour” that will see the morning show broadcast live from sites across the state. Sponsored by All American Window & Door, the first live broadcast event will be Friday, August 23, at the Museum of Wisconsin Art in West Bend where “Wisconsin’s Morning News with Gene Mueller” will broadcast from 5:00 am to 8:30 am. The tour will continue in Wauwatosa in September, Madison in October and Green Bay in November. Journal Broadcast Group vice president of news/talk programming Tom Langmyer says, “As ‘Wisconsin’s Radio Station,’ WTMJ is excited to celebrate individual communities that make our region so special as a whole. Gene Mueller and his team will explore the history of each town, introduce listeners to special people and discover fun things to do along the way. We’re pleased to partner with All American Window & Door on this adventure.” During the live broadcast event, Terri Lodwick, owner of All American Window & Door, will present a $1,000 donation to a local charity.
Odds & Sods. Hubbard Radio Washington D.C. properties WTOP and Federal News Radio are honored with the 2013 Alfred P. Sloan Award for Excellence in Workplace Effectiveness and Flexibility for the use of flexibility and other aspects of workplace effectiveness as a workplace strategy to increase business and employee success…..Hubbard Radio’s WXOS, St. Louis “101 ESPN” agrees to a deal through Learfield Sports to carry University of Illinois football play-by-play for this season…..NFL Hall of Famer Joe Namath guests on Sports USA’s “Conversations with Joe Morgan” this week. Morgan’s program is heard on some 80 affiliates across the country. Namath’s podcast, produced by Sports USA, debuts next week…..Indiana Radio Watch tips TALKERS that Zach Bonahoom exits Federated Media’s news/talk WOWO-AM/FM, Fort Wayne where he hosted a Saturday talk show.
NSA Surveillance Program/UK Threatens Guardian, Egypt Violence, ObamaCare Implementation, OK Ballplayer Slaying, and Clinton Foundation Expenses Among Top News/Talk Stories Yesterday (8/20). The scope of the NSA surveillance program and the UK’s threats against the Guardian paper; continuing violence in Egypt and the U.S.’s relationship with its government; the implementation of the Affordable Care Act; the killing of an Australian baseball player by teens in Oklahoma; and the report of the Clinton Foundation’s travel expenses were some of the most-talked-about stories on news/talk radio, according to ongoing research from TALKERS.