Tag: "NASDAQ"

Friday, November 16, 2012

| November 16, 2012

Rush Limbaugh’s Sandra Fluke Comments Cited in Dial Global’s SEC Filing.  Talk radio has long been saddled with the label of “controversial programming” that makes it a difficult sell on the national level.  Agencies have numerous other marketing options through which clients can get out their message.  Especially for family-oriented goods and services, why take a chance on “controversial programming?”  But Rush Limbaugh’s Sandra Fluke comments last March brought renewed bad PR to the format and, as was discussed at both of TALKERS magazine’s New Media Seminars this year (June in NYC and October in Los Angeles), the scarlet letter weighs heavy upon the talk radio business.  So much so that Dial Global – in reporting to the SEC – cited Limbaugh (not by name) as part of the reason the company is taking a $67.2 million impairment charge.  Here’s what the company says: “We normally perform the required impairment testing of goodwill on an annual basis in December of each year.  As a result of several factors, which had a significant impact on our fourth quarter bookings and sales, we performed an interim analysis of our goodwill carrying value as required by ASC 350, Intangibles-Goodwill and Other.  We believe our 2012 results were adversely impacted by, among other things, late cancellations in ad buys (which we believe was a by-product of the election and renewed economic uncertainty), competitive factors, such as a greater diversity of digital ad platforms (into which ad budgets have flowed) and increased competition from our major competitors, and advertisers’ response to controversial statements by a certain nationally syndicated talk radio personality in March 2012.”  Talk radio is unlikely to become “family friendly” in the eyes of agencies anytime soon and talk sellers appear resigned to having to carve out new niches of advertisers and work hard to get and keep them.  For big corporations with a lot of debt, that’s not a comforting thought.

Dial Global Voluntarily De-Lists from the NASDAQ.  As a result of the company’s low volume of trading combined with other factors, including the associated costs of maintaining its listing on the NASDAQ, Dial Global announces it will undertake the delisting process beginning on or around November 26 and be completed on or around December 6 of this year.  Dial Global will remain a publicly traded company – it reports no plans to go private – but the stock will be traded on the OTC Pink Sheets.

Envision Radio Networks Develops “America Weekend” Program.  Calling it the “next generation of weekend talk radio,” Envision Radio Networks says the new “America Weekend” program is “a break from the usual brokered programming and rerun political fare of most news/talk stations, ‘America Weekend’ covers the lighter side of news and lifestyle issues facing today’s on-the-go talk listeners while maintaining revenues from paid hosts.”  Envision states the show provides six hours of live programming on both Saturdays and Sundays from 9:00 am until 3:00 pm EST and accommodates up to four local expert slots per hour, with frequent break-away points for sports, weather or other local programming. Since the programming is broadcast live via satellite, ‘America Weekend’ is able to stay current by addressing breaking and developing stories of national interest as they happen.  Anchoring the show will be “top-level, nationally recognized” hosts joined by high-profile guests.  Programmer and consultant Kipper McGee is executive producer of the show and he states, “It’s been said that ‘weekdays are for ratings, weekends are for revenue.’  However, now we’re seeing the damage that poorly rated weekend programming is causing weekday shows.  Listeners are forced to find other weekend options, and increasingly are not finding their way back to the radio station.”  Envision president and CEO Danno Wolkoff says, “‘America Weekend’ is all about maintaining revenue opportunities for radio stations from long-form brokered programs in a new and innovative way.  We have always believed that there is a better way for radio to monetize its Saturday and Sunday programming without sacrificing quality.  Finally, ‘Content is King’ again on weekends.”  Interested stations can visit www.envisionradio.com or contact Melissa Bachtel at 216-831-3761 or melissab@envisionradio.com.

CBS Sports Radio Network Names Damon Amendolara Overnight Host.  When CBS Radio’s new national sports network debuts on January 2, WBZ-FM, Boston “98.5 The Sports Hub” evening host Damon Amendolara — “D.A.” — will be the network’s overnight host manning the 2:00 am to 6:00 am shift.  Amendolara has been with the Boston sports talker since it debuted in 2009.  He is also the sideline reporter for the New England Revolution on Comcast and a frequent guest and fill-in host for CSN’s Sports Tonight/Sports Sunday.  He serves as an anchor on CSNNE’s “Pregame Live” and “Postgame Live,” appears on Fox 25 Boston, while contributing to NFL Films and the NFL Network’s Top 10 series, ESPN News’ Air Check and NFL Films Presents on ESPN.  CBS Sports Radio director of programming Eric Spitz says, “D.A. is an all-star in Boston and his energy and understanding of the sports world will no doubt translate to a national platform.  Damon is certainly the man to keep listeners engrossed overnight, and his work at stations across the country, covering a multitude of different sports, will be beneficial to our listeners.  His success and following on our local radio station and his charitable endeavors in the community prove he will make a great addition to our already outstanding lineup at CBS Sports Radio.”

WTOP Newsman Donates iPhone to Newseum.  It’s unclear whether WTOP, Washington news reporter Neal Augenstein was the first American radio news reporter to use the iPhone as his “sole” reporting tool, but Augenstein sure has attracted a lot of interest after it became known how he was using the device.   Poynter.org reports the donation to the Washington, DC museum of news and related technology.  Newseum Curator of Collections Carrie Christoffersen tells Poynter.org, “We collect all sorts of things that relate to changes in news technology.  It was really interesting to us, since he’s doing all of his audio interviews, editing, video work, all on his iPhone, with some supplement from an iPad.  He’s enabled himself to be very, very on-the-go.”  There are no immediate plans to display the device but Christoffersen says their exhibits are always changing.  Augenstein is pictured here being interviewed recently for Talkers TV about his use of the iPhone for reporting.  Check out the cool five-minute video here.

Odds & Sods.  Radio pro Turi Ryder fills in on Tribune’s WGN, Chicago for midday talk host John Williams today…..Filling in today for Talk Radio Network’s Rusty Humphries is KDWN, Las Vegas morning drive host Alan Stock.

Inside the Locker Room.  In the photo here, KLAC, Los Angeles and Fox Sports Radio Network hosts Petros Papadakis (l) and Matt “Money” Smith (r) interview Los Angeles Lakers greats Kareem Abdul-Jabbar (second from left) and Jerry West (second from right) at a recent live listener event.  Abdul-Jabbar and West offered Lakers faithful their takes on the team’s new coach and the team’s prospects for the 2012-13 season.

TALKERS Weekly Affiliate Roundup.  Tom Gresham’s “Gun Talk” weekend program is added to the lineup at KAVA-AM/FM, Pueblo, Colorado; WEZS, Laconia, New Hampshire; and KOHI, St. Helens, Oregon…..“America Tonight” with Kate Delaney is picked up by WLSC, Myrtle Beach, South Carolina…..Fox Sports Radio Network programming is added to new affiliate KOPJ, Portland…..ESPN Radio programming is picked up by Cox Media’s WDBO-AM, Orlando.

Petraeus-Broadwell Scandal Tops Talkers TenTM for Week of November 12-16.  The ever deepening scandal involving ex-CIA director David Petraeus and biographer Paula Broadwell was the most-talked-about story on news/talk radio this week, according to ongoing research from TALKERS.  At #2 this week was the Benghazi attack investigation.  At #3 was the “fiscal cliff” Washington lawmakers are facing followed by Obama Administration Cabinet changes at #4.  The Talkers TenTM is a weekly ranking of the top stories and people discussed on news/talk radio.  It is published at Talkers.com every Friday.  View this week’s entire chart here.

Wednesday, May 16, 2012

| May 16, 2012

Howard Stern’s Debut on “America’s Got Talent” Gets Mixed Ratings Results.  Although billed as a “judge,” iconic talk radio star Howard Stern’s debut on NBC’s “America’s Got Talent” was one of the most-judged elements on the program.  The show’s season opener was one of Monday’s top shows with a 3.6 average rating in the 18-49 demo but that number was down from the program’s debut episode last season when it scored 4.3 average rating.  TVbytheNumbers reports the program faced stiffer competition this year.  Ratings for reality talent and music competition programs are down pretty much across the board this season and Stern’s effect on “America’s Got Talent” will be hard to judge.  The TV industry is dealing with softer ratings in prime time for almost all programming this season.  Meanwhile, TALKERS editorial board members report noticing that it seemed strange seeing Stern in the role of prime time TV “celebrity team player,” as opposed to being the focal point of his own edgy show.  Those expecting anything approaching “The Howard Stern Show” came away disappointed — including media watchdog groups.

Cumulus to Move Atlanta All-Newser Closer to the City.  Cumulus Media’s WYAY-FM, Gainesville, Georgia – soon to be the company’s new all-news outlet in the Atlanta market – will move from 106.7 to 106.5 and take Sandy Springs as its city of license if the FCC grants approval for the changes.  The move would put the new station’s tower much closer to the downtown area.  Currently, WYAY-FM’s class C signal emanates from a tower location about halfway between Atlanta and Athens to the east.

Social Media Ad Spending to Near $10 Billion by 2016.  That’s from BIA/Kelsey’s U.S. Local Media Forecast and it predicts that ad spending on social media will climb from the 2011 level of $3.8 billion spent to $9.8 billion in 2016.  The local segment of that revenue will go from 2011’s $840 million to $3.1 billion in 2016.  BIA/Kelsey’s Jed Williams states, “Better performance, coupled with richer formats and creative elements, like video, will be the principal social ad market growth drivers.  Social advertising’s local business penetration will steadily increase as SMBs’ understanding of social media deepens, and as the networks continually improve the ease of onboarding and campaign management.  Facebook opening its Ads API to more partners, including those that work with SMBs, and Twitter’s self-serve platform will help to ‘democratize’ social ads, which will ultimately lead to more local growth.”

Emmis Stock Continues to Be Traded on the NASDAQ.  Emmis’ listing on the NASDAQ was in jeopardy after falling under the $1 threshold late last year earning a de-listing notice from NASDAQ.  But Emmis stock rose above the $1 mark in late April and even hit $1.63 on May 2.  Emmis stated its case to a NASDAQ panel and the company was just informed it will continue to be traded on the board.

ESPN’s Scott Van Pelt Agrees to New Multi-Year Deal.  Twelve-year ESPN personality Scott Van Pelt agrees to a new multi-year extension with ESPN to remain a SportsCenter anchor and host his eponymous daily sports talk radio program.  Van Pelt joined ESPN in 2001 as its lead professional golf reporter.  He says he’s thrilled how his career at ESPN has turned out.  “I’ve always been a guy who was kind of on the wave wherever it took me.  And somehow it took me to where it did and I’m thankful.  I’m happy to stay in this boat, on this wave, until they’re done with me. . .None of this was even thinkable but here we are.  It’s baffling to me.”  The details of the new contract are not being disclosed.

WQAM, Miami Seals Contract Extension with University of Miami.  The Beasley Broadcasting sports talk station agrees with Hurricane Sports Properties to a five-year contract extension to keep football and men’s basketball games on WQAM.  The financial terms of the deal were not released.  The deal also calls for a certain number of baseball games to air as well as the weekly coaches’ shows with Joe Zagacki.  WQAM vice president and general manager Joe Bell states, “UM sports have been a huge part of WQAM for over a decade and we’re excited to continue that relationship.  Our listeners have come to expect the best from WQAM and it doesn’t get any better than Hurricane sports.”

ESPN Radio Unveils New App for iPhone, iPad and iTouch.  The sports entertainment giant announces it is releasing a new ESPN Radio app touting it as its “single, most definitive ESPN Radio app optimized for iPhone, iPod touch and – for the first time – iPad.  The app, sponsored by Lowe’s, creates a seamless, personalized sports listening experience both live and on demand and includes a new feature that allows fans to build their own sports stations. Additionally, fans now have the option to rewind live audio streams, including ESPN Deportes Radio.”  ESPN digital and print media vice president Marc Horine says, “With this update, fans now have complete control over their listening experience as the app provides the functionality to customize specifically by sports, teams and athletes they care most about.”

Euro Zone Tensions, Financial Markets Activity, 2012 Presidential Race, Obama Gay Marriage Stance, and Trayvon Martin Case Among Top News/Talk Stories Yesterday (5/15).  The possibility of  Greece’s exit from the EU; the European effect on world financial markets; the 2012 presidential race; President Obama’s stance on gay marriage; and new information about George Zimmerman’s injuries in the Trayvon Martin case were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS.