Tag: "mortgage fraud"

Friday, October 24, 2014

| October 24, 2014

ramseydaveDave Ramsey Hits the Big Screen.  Regular TALKERS readers are kept up-to-date on the live events that nationally syndicated talk star Dave Ramey presents in cities around the country.  Now, Ramsey is taking his presentation to the big screen as Fathom Events will produce “Dave Ramsey and Rachel Cruze Present: The Legacy Journey” for select cinemas nationwide for one night only on Wednesday, November 19 at 7:00 pm local time.  The production is from the recent event in Grand Rapids that was taped before a live audience.  The event will be presented in nearly 600 select movie theaters around the country through Fathom’s Digital Broadcast Network.  Fathom Events is listing the participating theaters on its website.  Ramsey states, “‘The Legacy Journey’ is about you taking control of your money; being debt-free, saving and investing.  When you start to see your future becoming secure, you will naturally become concerned with the next generations of your family.  When you do the things we teach, your vision expands and you start to see the world’s needs and how you can make a difference.”  Ramsey’s daughter Rachel Cruze is a seasoned communicator and presenter.  She recently published a new book titled, Smart Money Smart Kids, co-authored by Ramsey.

beasley logo longNet Revenue Dips 5% for Beasley During Third Quarter.  That figure is for continuing operations – the stations Beasley is keeping, excluding those slated to be sold to CBS.  Due to the pending transaction between Beasley and CBS in which it’s trading five of its stations for 14 CBS signals, the company is required to report both continuing operations and discontinued operations.  The net revenue from the combination of both continuing and discontinued operations was -5.9%.  The company reports that the decline “primarily reflects lower advertising revenue at the Company’s Wilmington and Greenville-New Bern-Jacksonville market clusters which more than offset net revenue increases at the Company’s Las Vegas and Ft. Myers market clusters.”  Company chairman and CEO George Beasley comments, “We don’t believe third quarter operating results from continuing operations reflect the strength, ratings and local relevance of our platform, as the lower level of reported net revenue from continuing operations is temporarily mismatched with certain expenses that will be better amortized across the Company’s larger revenue base once we complete the asset exchange with CBS Radio.  We are very excited by the potential presented by the CBS transaction…The planned asset exchange with CBS Radio addresses these strategic objectives and upon completion, we will expand our owned and operated station base by nine stations increasing Beasley’s portfolio to 53, including 33 FM and 20 AM stations, in 12 markets with approximately 7.7 million weekly listeners.  Importantly, we will add completed clusters in the Tampa and Charlotte markets which complement our already strong mid-Atlantic presence.”

nielsen logoNielsen Q3 Revenue Up 14%.  That’s on a constant-currency basis.  The company reports that its core top-line growth (excluding the Arbitron and Harris acquisitions) was 3.4%.  Nielsen CEO Mitch Barns says that increase was “driven by strong growth in Audience Measurement, double-digit growth in Ad Solutions and double-digit growth in the emerging markets, offset somewhat by anticipated softness in our Insights business in North America.”  Barns adds that “Adjusted EBITDA was up nearly 20% or 22% on a constant-currency basis, reflecting the impact of our Arbitron acquisition as well as great execution by our operating units…And our free cash flow of $289 million was up 17% in the quarter versus the prior year.”  During yesterday’s investors conference call, Barns discussed the integration of ratings systems for television and digital but only spoke of radio and digital ratings integration in passing, saying the company is “making progress” and it would keep the industry “posted.”

henckmitchMadison Talk Personality Mitch Henck Returns with Internet Show, Broadcast Plans.  After being let go from iHeartMedia’s Madison news/talker WIBA in June, Mitch Henck says he’s been “hounded” by fans to get back behind the mic.  Starting Monday, October 27, Henck begins an internet-based talk show airing live daily from 8:00 am to 11:00 am CT.  Podcasts of the show will be available after the conclusion of each live show.  The program will be web only for the rest of the year but Henck has plans to roll out the show into AM/FM syndication in 2015.  The show will take live callers and feature guests.  Henck says, “It’s exciting to be back with a great team in place.  We’re committed to bringing you the highest quality programming every day.  And I can’t wait.”

ballentinewarrenFormer Talk Host Warren Ballentine Convicted in Chicago Mortgage Fraud Scheme.  The Chicago-based real estate lawyer was syndicated nationally by Radio One and his talk show was carried by as many as 37 affiliate stations before he was indicted on real estate fraud charges.  The Chicago Tribune reports that Warren Ballentine will be sentenced in January and could face up to 30 years in prison for bilking lenders out of some $10 million as part of the fraudulent loan scheme.  Ballentine’s attorney says they will appeal and that his client knew nothing of the fraud and served only as the closing agent, accruing about $8,000 in fees for the real estate transactions.  He also noted several of Ballentine’s co-defendants testified against him after striking deals with prosecutors.  See the Tribune piece here.

ibs logoMichael Harrison to Serve as Keynote Speaker at College Radio Conference – Agenda Includes Presentation by Holland Cooke.  TALKERS publisher Michael Harrison (pictured here) will deliver the keynote address at the 7th Annual Intercollegiate Broadcasting System East Coast Radio, Webcasting & Mediaharrisonherald2 Conference held tomorrow (10/25) at Simmons College in Boston.  Harrison’s speech is titled “The Precarious Position of Audio-Only Media in the Age of Video Screens.” Harrison will discuss the psychological processes at play in the different ways in which the human brain processes various forms of sensory stimulation.  According to Harrison, “I enjoy speaking at events with college broadcasters because they are still, shall we say, academically inclined and it gives me the opportunity to put on my media theorist hat and address some of the abstract concepts underlying general communications in our cookehollandelectronically accelerated relationships.  I believe it is very important for people involved in anything having to do with the aurally based art forms of ‘radio’ and music to at least have an understanding of the mind’s different relationships with the eye and the ear.”  Harrison also plans to include a serious discussion of the sensitive relationship between form and content in the art and science of media in his address.  Also speaking at the event will be noted media consultant and TALKERS contributor Holland Cooke whose address is titled, “The Future of Talk Radio: YOU – The Revolution is Over.” He will identify the major challenges facing talk radio in this new era and offer solutions and encouragement for young broadcasters entering the field.  For more information about the one-day event, please click here.

Odds & Sods.  The new SiriusXM program hosted by Jenny McCarthy debuts on Monday, October 27.  The show is called “Dirty, Sexy, Funny with Jenny McCarthy” and is set to air daily from 10:00 am to 12:00 noon ET…..NBCSportsRadio.com is unveiling its first-ever digital-only show called “The 2 Robbies ‘Football’ Show”, a Premier League-focused program which stars NBC Sports Group analysts Robbie Earle and Robbie Mustoe.  The soccer show launches tomorrow at 5:00 pm ET…..Sports talk KWTO, Springfield, Missouri “98.7 The Jock” is changing network affiliations, moving from Fox Sports Radio Network to ESPN.  The Meyer Communications station inked a three-year deal with ESPN.

freemanedgeTALKERS Weekly Affiliate Roundup.  “Free Talk Live” featuring Ian Freeman and Mark Edge is added to the weekend program schedule at WIBC-FM, Indianapolis.  The program also recently began airing on KFNN, Phoenix; and KCOX, Jasper, Texas…..The GCN-distributed “Freedom Feens” show is added to the lineup at WSRQ, Sarasota…..The “Motley Fool Money” radio show is part of the weekend programming at WAFS, Atlanta.

Ebola Pandemic Threat Tops Talkers TenTM for Third Straight Week.  Discussion about the threat of an Ebola pandemic and the Obama Administration’s handling of the matter was again the most-talked-about story on news/talk radio for the week of October 20-24.  At #2 this week was the terror attacks that happened in Canada.  Coming in at #3 was the battle against ISIS in Iraq followed by the looming mid-term elections 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.

Tuesday, January 29, 2013

| January 29, 2013

schnitttoddSchnitt vs. Bubba: Monday Recap.  After the news of Todd Schnitt’s attorney being arrested on DUI charges and allegations that Bubba The Love Sponge’s attorneys set him up for the arrest became the predominant aspect of the case on Friday and both sides asked for mistrials for varying reasons, Hillsborough County Judge James Arnold on Mondaybubba did not grant a mistrial saying the jury had not been compromised and testimony went forward.  But not before Arnold agreed to throw out five of the 16 defamation counts against Bubba (Todd Clem).  One in which Bubba accused Schnitt of possibly engaging in plug-ola, three in which he called him a “fraud,” and another in which he called him a “snitch.”  The other 11 counts remain.  Schnitt’s team rested its case on Monday and Bubba’s lawyers called michaelsrandyformer Clear Channel Radio president Randy Michaels, under whom both Schnitt and Bubba worked at one time, to the stand.  Michaels first complimented both Schnitt and Bubba for being talented radio performers.  He said that the feud between the two had gotten too intense and he asked them to “tone it down.”  He told the jury the language Bubba used when saying he wanted a funeral for MJ Kelli (Schnitt’s CHR morning show moniker) was hyperbole and not to be taken literally.  Also taking the stand was a former producer for Schnitt who now works for Bubba who testified that Schnitt spoke on the air jokingly about his wife’s “tramp stamp” tattoo – an effort by the defense to ask  the jury that if Schnitt could joke about his wife being a “tramp,” how is Bubba’s calling her a “whore” any different?  The defense is expected to continue its arguments today.

ballentinewarrenNationally Syndicated Talk Host Warren Ballentine Charged with Mortgage Fraud.  The Chicago-based attorney and host of the Warren Ballentine show distributed nationally via Syndication One is being indicted on charges related to an alleged mortgage fraud scheme.  The Justice Department reports that a federal grand jury returned indictments for two counts of bank fraud, two counts of making false statements to lenders and one count each of mail fraud and wire fraud.  The UPI reports the indictment is seeking a forfeiture of some $9.7 million in fraud proceeds.  The feds allege Ballentine plotted with others to obtain more than two dozen fraudulent mortgage loans and that he represented buyers at closings knowing that they weren’t qualified for home mortgages in Chicago and its southern suburbs.  Ballentine is expected to be arraigned next week.  Meanwhile TALKERS sources close to Ballentine say he maintains his innocence and that the truth will come out.  His talk show is currently heard on some 37 affiliates across the country including WVON, Chicago.

barreirodanClear Channel’s KFAN Network Re-Signs Dan Barreiro.  Sports talk host Dan Barreiro and Clear Channel Media and Entertainment agree on a multi-year contract extension for the KFXN, Minneapolis-based sports talk host.  Barreiro hosts the afternoon drive program on the company’s KFAN sports talk brand that is distributed to numerous stations across Minnesota.  CC Minneapolis vice president of programming Gregg Swedberg says, “Dan has been the top afternoon drive talk personality in the market for decades and has many loyal listeners all over the country through iHeartRadio.  We are delighted that Dan will be with us for a long time.”

bakerchrisChris Baker Lands at KFAB, Omaha for PM Drive.  Talk radio pro Chris Baker’s next gig is at Clear Channel’s KFAB, Omaha where he’ll host the afternoon drive program.  Baker – a veteran of the Houston, Minneapolis, Miami and Omaha markets – recently exited the Dan Patrick-owned KSEV, Houston talk outlet.  He says, “Since my family and I are in Omaha to visit friends and relatives on a regular basis, it’s only natural that I would want to put down root here.  KFAB is a legendary Midwest radio powerhouse and I’m excited to work with Gary Sadlemyer and the whole crew.”  His new gig begins February 11.

mcnabbdonovanOdds & Sods.  NBC Sports Radio Network brings former NFL star Donovan McNabb aboard to eventually be part of a daily sports talk show to begin on April 1.  Until that time, McNabb will begin as a weekly contributor as the build-up to the Super Bowl takes place.  McNabb will serve as a lead NFL analyst and will call in to affiliate station programs…..Formerbrandotim Yahoo! Sports Radio personality Tim Brando begins a new gig with SiriusXM Satellite Radio where he’ll host his eponymous program on the SiriusXM College Sports Nation channel.  Brando’s program will continue to be simulcast on cable TV’s CBS Sports Network…..WTOP, Washington news anchor Richard Day has retired from the Hubbard Broadcasting all-news brand.  Vice president of news and programming Jim Farley says Day’s retirement was handled with no fanfare at Day’s request…..Chicagoland Radio and Media reports that WFLD-TV sports anchor Lou Canellis is beginning a regular hour-long, daily appearance on WLS-AM, Chicago’s “Roe & Roeper” PM drive program with Roe Conn and Richard Roeper.  Canellis is now part of the 5:00 pm hour every day to talk sports on the Cumulus Media station.  The blog speculates that the move is part of a greater effort to add sports content to the station to improve its ratings…..The “4th Period Live” program returns to SiriusXM’s NHL Network for its second season beginning Saturday, February 2 from 5:00 pm to 7:00 pm ET.  The show is hosted by David Pagnotta, 4th Period‘s editor-in-chief from Toronto and Dennis Bernstein, its Los Angeles-based senior writer.  The show is an extension of TFP’s brand of hockey lifestyle content that includes a highly visited website (www.thefourthperiod.com) and quarterly print magazine available on newsstands throughout North America.

huckabeerenoHuckabee Visits Reno.  Cumulus Media Networks nationally syndicated talk host Governor Mike Huckabee is pictured here with KNEZ, Reno news director and afternoon drive host Sean Patrick at the sparkling new studios of the Shamrock Communications news/talk station.  Huckabee’s program is carried by “KNEWS” – a new FM signal and news/talk brand that Shamrock recently put on the air in the market.

calajoeSouthern California Sports Personality Joe Cala Named to Hall of Fame.  KNX, Los Angeles sports anchor Joe Cala was inducted into the Southern California Sports Broadcasters Hall of Fame at the organization’s 22nd annual awards luncheon at the Lakeside Golf Club in Toluca Lake, California.  Cala has been with KNX for the past six years and spent the previous 32 years at crosstown KFWB.  The SCSB has served as a major forum for recognizing and advancing sports broadcasting in Southern California since 1958.  Its Hall of Fame includes Dick Enberg, Tom Harmon, Don Drysdale, Chick Hearn, Gil Stratton, Stu Nahan, Vin Scully and Jim Hill, to name a few.

millerkevingunsTown Hall Meeting in Boise Addresses Second Amendment.  You’re looking over the shoulder of KIDO, Boise morning drive host Kevin Miller as he addresses the more than 300 area residents who attended the Peak Broadcasting station’s Town Hall Meeting to discuss Second Amendment issues in the wake of the Obama Administration’s call for stricter gun legislation.  Miller tells TALKERS that the event was covered locally by two of the market’s television stations.

mcguireseanKOIL, Omaha Adds Weekend Affordable Care Act Program.  The program is called “America’s Healthcare Challenge” and is hosted by Sean McGuire.  The goal of the program is to provide valuable insight into implementation of the Affordable Care Act and prepare decision makers for looming penalties and taxes in the law.  McGuire states, “This is currently the only radio show of its kind in the US.  Business owners are clamoring for credible information and answers to their questions like how employees’ benefits will change next year and what innovative ways exist to curb rising healthcare costs constantly squeezing bottom lines all over the country…I was a part of the research team for the Senate Finance Committee five years ago.  The law originated conceptually in the Senate and I have read the bill multiple times.  It is my desire to bring my listeners information they need to know as if they were Members of Congress.”

morrisonsotomayorJustice Sotomayor Visits SCPR.  United States Supreme Court Justice Sonia Sotomayor (right) poses for a photo with Southern California Public Radio special correspondent Patt Morrison (left) during an appearance at KPCC, Pasadena’s Crawford Family Forum.  The venue was packed with local high school and college students, as well KPCC listeners who came to hear Sotomayor speak about her life and promote her new autobiography My Beloved World (Knopf 2013).  Patt Morrison interviewed Sotomayor as part of the appearance.

greenbergbookESPN Radio’s Mike Greenberg Announces New Novel to Benefit the V Foundation.  Nationally syndicated ESPN Radio and ESPN 2 personality Mike Greenberg announces the publication of his first novel titled, All You Could Ask For (William Morrow 2013).  In making the announcement from the Super Bowl radio row in New Orleans, Greenberg stated that all of the author’s proceeds from the sale of the book will benefit The V Foundation for Cancer Research.  Greenberg says, “I wrote this book to honor the memory of a good friend of mine and my wife Stacy’s named Heidi Armitage, who lost her battle with breast cancer in 2009 at the age of 43.  The V Foundation is an obvious organization to work with.  Mike Golic and I have been honored to be a part of many great V Foundation events over the years.  I’m so proud of our connection to the V Foundation.”

wachsdaliahpodiumDr. Daliah Wachs at the Podium.  Practicing family physician and nationally syndicated talk show host Dr. Daliah Wachs is pictured here at the Nevada Academy of Family Physicians at their conference in Lake Tahoe this past weekend.  About 200 were at this lecture where Dr. Wachs spoke about avoiding pitfalls in family medicine, educating them on the liabilities doctors face and what lawsuits have been successful.  Dr. Wachs’ program is syndicated by Genesis Communications Network.