Tag: "mortgage fraud"
Dave 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.
Net 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 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.”
Madison 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.”
Former 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.
Michael 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 & Media 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 electronically 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.
TALKERS 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.