Tag: "net revenue"

Wednesday, February 24, 2021

| February 24, 2021

Entercom Q4 Revenue Down 25.7%; Full Year 2020 Declines 33.6%. The third major radio company to present 2020 fourth quarter and full year financial data is Entercom (Beasley and Cumulus have already posted their financial results and iHeartMedia is scheduled to do the same tomorrow). The company reveals 2020 Q4 net revenue was $319.5 million, down 25.7% from the same period in 2019, and 2020 full-year net revenue was $1.06 billion, a decline of 33.6% from 2019. Entercom notes that since the depths of the pandemic revenue dip in the second quarter of 2020, business is trending up. Its 2020 Q4 revenue was up 19% from Q3. Entercom president and CEO David Field says, “I am pleased to report that Entercom continued to drive strong sequential operating improvement with revenues up 19% and EBITDA more than doubling vs. the third quarter. Digital, podcasting, sports betting and network radio all posted strong double-digit growth over prior year and we are continuing to drive innovation across these businesses to enhance future growth potential. While the pandemic continues to hobble a large number of our advertisers, particularly locally, we are optimistic about a strong recovery in our local ad sales later this year driven by vaccinations, fiscal stimulus and pent-up consumer demand in heavily impacted categories.” Entercom breaks down its revenue by segments and some of the noteworthy data in this report includes that spot (local and national) revenue was down 27.7% from Q4 2019 to Q4 2020; year-over-year spot revenue was down 42.9%. On the positive side, digital revenue (including podcasting) rose 20.5% from Q4 2019 to Q4 2020 and was up 26% year-over-year. Looking at radio revenue by format, while Entercom’s music formats took the biggest hit in 2020 – revenue was down 44% — sports talk revenue declined by 39.3% and news/talk was off by 21.7% during the year.

Round One of Nielsen Audio’s January 2021 PPM Data Released. The first of four rounds of PPM ratings data from Nielsen Audio’s January 2021 survey has been released for 12 markets including: New York, Los Angeles, Chicago, San Francisco, Dallas, Houston, Atlanta, Philadelphia, Nassau-Suffolk (Long Island), Riverside-San Bernardino-Ontario, San Jose, and Middlesex-Somerset-Union (New Jersey). Nielsen’s January 2021 survey covered January 7 – February 3. TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways from this round. In New York, Entercom’s all-news stations both saw their weekly, 6+ AQH shares increase – WINS added four-tenths to finish with a 4.0 share and the #8 rank and WCBS-AM added two-tenths for a 2.9 share and the #12 rank. iHeartMedia’s news/talk KFI, Los Angeles tacked on three-tenths for a 5.0 share and remains ranked #3. In Chicago, Entercom’s all-news WBBM-AM/WCFS-FM added half a share to re-claim the #1 rank with a 7.3 share. Across town, Nexstar Media’s news/talk WGN-AM added four-tenths for a 4.1 share and the #7 rank. See Mike Kinosian’s complete report here

Talk Programmer Bob Shomper to Retire in April. Longtime news/talk programmer Bob Shomper announces he’ll retire from the radio business on April 2. Shomper is currently program director at NRG Media’s KLIN, Lincoln, Nebraska. During his career he’s served at some of America’s great news/talk stations, including: WCCO-AM, Minneapolis; KTAR-FM, Phoenix; WLS-AM, Chicago; WGN-AM, Chicago; WBAP-AM, Fort Worth/Dallas; and more. Shomper tells TALKERS magazine that his decision to retire is entirely his own and he’s grateful to be doing so on his own terms.

Robbie Stevens Posts Powerful Commentary to TalkersRadio About Honoring Truth in Media Discussions About Politics.  Noted record producer Robbie Stevens, one of TalkersRadio’s roster of “out-of-the-box” talk talents has posted a powerful new commentary yesterday (2/23) titled, “My Mistake(s),” that takes a candid look at a problem radio talk show hosts wrestle with all the time – staying true to core principles, maintaining a healthy sense of skepticism, and being honest about mistakes when making them. Stevens, who was the first talent signed for TalkersRadio – a service of TALKERS magazine – when it launched in the fall of 2013, has agreed to perform as a commentator on the platform for a “limited engagement” that will run through June of 2021. The Bronx-based New York City native is well-known in the music industry for his years of innovative studio work with a wide variety of high-profile artists, most recently on behalf of the estate and fans of the late John Lennon, for which he has achieved critical acclaim for his “raw” remix of the legendary artist’s Imagine album. He also most recently executive produced 13 Billboard #1 Dance Chart singles in a row, for Yoko Ono’s innovative ensemble Ono. He also recently produced (with Yoko Ono) the “John Lennon Anthology,” a four-CD set of unreleased material that was Rolling Stone magazine’s boxed set of the year. During his colorful career, he’s played on, mixed, or produced records by Herbie Hancock, Red Hot Chili Peppers, and other high-profile musicians going back decades. During this time, Stevens has developed an alternative career as a talk radio host and commentator heard occasionally via on-air and online outlets provided by heritage NYC stations WOR and WNYM (in addition to TalkersRadio). Commenting on Stevens’ latest posting, TALKERS general manager of broadcast operations (and former WOR PD) David Bernstein says, “Robbie is raw, fresh, and as real as the urban streets that gave rise to his gritty philosophy and we always get strong response to his work on our exciting platform. This new installment of his show is a grand slam home run because it strikes at the very core of our deepest personal conflicts in arriving at and sticking with our truths as talk radio hosts operating in a swirling ocean of changing information.” To listen to Robbie Stevens’ new series of commentaries on TalkersRadio, please click here. TalkersRadio is an “experimental” talk radio platform launched in 2013 to provide the industry with a “workout space” and “showcase for new talk programming concepts.” Since its launch it has been a temporary home to a number of spoken-word talents – both high-profile and obscure – who’ve used it to work and showcase concepts that have gone on to achieve terrestrial radio exposure and even national syndication. In addition to Stevens, current TalkersRadio hosts include Claire CarterMeg McDonald, and UK sensation, Graham Mack. At the time of his passing, Alan Colmes was working on a series concept called “Healed Planet” heard on TalkersRadio which offered a glimpse into the late FOX News Radio and FOX News Channel star’s metaphysical interests. Files of that fledgling show remain archived on TalkersRadio as a tribute to Colmes. For more information about TalkersRadio, call Barbara Kurland at 413-565-5413.

Cool Operations Manager Opportunity. Locally owned southern-based radio group seeking a full-time Operations Manager with strong technical and digital skills. The ideal candidate MUST have experience operating OP-X and managing satellite operations for syndicated programs. Applicant must have at least 5 years of experience. Proven experience in managing social media branding, digital marketing, and video production. Proficient in digital automation systems, digital audio editing and production is a must. EEO. Send resumes to dalton@starnesmediagroup.com

TALKERS News Notes. A new channel from Newsmax TV officially launches on VIZIO SmartCast, the award-winning Smart TV platform available to millions of viewers. Newsmax Media CEO Christopher Ruddy states, “Launching on VIZIO SmartCast allows our viewers to simply plug in their new televisions and play Newsmax TV. Newsmax is experiencing exponential growth and provides a much-needed perspective on the issues that many VIZIO viewers care about.”…..A new partnership between iHeartMedia and independent UK podcast company Novel will result in the debut of 11 original podcast series over the next three years. The relationship begins with the release of two podcast series, “The Assault on America” and “Deliver Us From Ervil.” “The Assault on America” tells the inside story of the insurrection at the Capitol by working with open-source investigative journalists Bellingcat. “Deliver Us From Ervil” is an investigative true-crime series in which a groundbreaking team of journalists enters a lawless town on the border of Mexico run by a secretive religious sect living in exile and outside the jurisdiction of the U.S. government since 1924…..Content creation company Mean Ole Lion Media adds three new lifestyle-based podcasts to its portfolio. The podcasts are: “Conversations with Dr. Ian Smith,” all about people and discovering their back-story; “Business First with Sonia Alleyne,” that shines a light on brilliant and successful business people in a variety of industries; and “The History of Being Black” with host Eunice Elliott.

COVID-19 Stats & Vaccines, Capitol Riot Public Testimony, Biden Cabinet Nominees, Biden Migrant Policy, Trump Tax Returns, Rochester Protests, Russian Sanctions, China’s Hong Kong Loyalty Oath, and Tiger Woods Car Crash Among Top News/Talk Stories Yesterday (2/23). The falling number of COVID-19 cases in the U.S., the concerns about variants, and the rollout of vaccines; the testimony before the U.S. Senate about the January 6 Capitol insurrection; the confirmation hearings for Joe Biden’s Attorney General nominee Merrick Garland, embattled White House budget office nominee Neera Tanden, and Interior Secretary nominee Deb Haaland; the Biden administration’s continued use of Trump policy turning away migrants at the Mexican border; the SCOTUS’ ruling Donald Trump must turn his tax data over to New York AG Cyrus Vance Jr.; the protests in Rochester, New York over the decision not to prosecute police in the death of Daniel Prude; the Biden Administration’s sanctions on Russia for the SolarWinds hack and the Navalny poisoning; China’s instituting loyalty oaths for Hong Kong politicians; and Tiger Woods is hurt in one-car accident in California were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Tuesday, February 23, 2021

| February 23, 2021

Cumulus Media Reports 2020 Q4 Net Revenue Down 13.9%; Net Revenue for Full Year of 2020 Declines 26.7%. The second major radio company to report financial figures from the fourth quarter and the full year of 2020 (Beasley was first back on February 10), Cumulus Media reports net revenue of $245.8 million for the fourth quarter – a decline of 13.9% compared to the same period in 2019 – and full year 2020 net revenue of $816 million, down 26.7% from $1.1 billion reported in 2019. For Q4, Cumulus posted a loss of $249,000 a year after 2019’s Q4 income of $1.6 million. For the full year of 2019, the company posted a loss of $57.9 million compared to 2019’s full year income of $62.2 million. On the positive side, Cumulus reports that quarterly revenue improved sequentially from Q2 to Q4, both in total and excluding political; it achieved 9.4% year-over-year digital revenue growth (12.1% on a same station basis), driven by podcasting growth of nearly 40%; it generated $33.2 million of cash from operations for the full year; it completed two significant M&A transactions generating aggregate gross proceeds of $282 million; paid down $54.3 million of term loan and retired $47.2 million of senior notes; and finished the year with $271.8 million of cash on hand (an increase of $256.6 million compared with December 31, 2019). President and CEO Mary Berner comments, “Given 2020’s extenuating circumstances, I am extremely proud of the company’s performance and the efforts of the entire Cumulus team to meet the challenges posed by COVID-19. In the face of the pandemic, we maximized revenue performance, materially reduced expenses, generated cash through strong working capital management, and executed highly accretive divestitures that strengthened our balance sheet. As a result of these efforts and with a recovering economy, we believe that we are well-positioned to return our business to its pre-pandemic trajectory and to capitalize on strategic and financial options to best drive shareholder returns.”

Chad Benson Welcomes New Affiliate Stations. The Radio America-syndicated “Chad Benson Show” welcomes four new radio stations to its roster of affiliate stations: WP Broadcasting’s news/talk KRSY-AM, Alamogordo, New Mexico; WCED Rsdio’s news/talk WCED-AM, Du Bois, Pennsylvania; Fieldview Broadcasting’s news/talk KWBG-AM, Boone, Iowa; and VP Broadcasting’s news/talk WHOL-AM/W295CR Allentown, Pennsylvania. The Chad Benson Show is also heard on such signals as Bonneville’s KTAR-FM, Phoenix; iHeartMedia’s KSTE-AM, Sacramento; and Cox Media Group’s WOKV-FM, Jacksonville. Radio America says, “Listeners love Chad’s explanation of the day’s hard news delivered in a thoughtful and entertaining way. And that explains why Chad is featured on some of the most highly rated talk stations in the country and delivers the demos that talk radio needs most.”

Entercom and Pro Sports Teams Cooperate on ‘Vaccinate Michigan’ Effort. The Entercom Detroit station cluster that includes sports talk WXYT-FM “97.1 The Ticket,” all-news WWJ-AM “Newsradio 950,” and three music brands are partnering with the Detroit Lions, the Detroit Tigers, the Detroit Red Wings, and the Detroit Pistons to launch a new community initiative called “Vaccinate Michigan.” All five stations are airing state-approved public service announcements about the COVID-19 vaccination and its availability for Michigan residents. The “Vaccinate Michigan” announcements are voiced by various Entercom Detroit on-air personalities, show hosts, and news anchors, as well as some of the city’s key sports figures, including Tigers manager AJ Hinch, Tigers pitcher Matthew Boyd, Red Wings head coach Jeff Blashill, Lions head coach Dan Campbell, and Pistons head coach Dwane Casey. Entercom Detroit SVP and market manager Debbie Kenyon says, “Our company and sports partners understand the importance of getting Michigan businesses open, as well as the need of our listeners and fans to get back to work and feel some sense of normalcy. Radio serves as a crucial lifeline for the communities it serves and we’re proud to lend our influential voice in the community and our citywide footprint to deliver the important message of COVID-19 vaccinations to our listeners and fans.”

SummitMedia Enters into Podcast Deal with CurtCo Media. This strategic partnership between SummitMedia and CurtCo Media is SummitMedia’s first formal alliance with a third-party content creator for the podcast audience. SummitMedia owns and operates 47 radio stations in nine states. Los Angeles-based CurtCo Media currently produces cutting-edge quality scripted and unscripted podcast programming. SummitMedia chairman and CEO Carl Parmer comments, “SummitMedia’s partnership with CurtCo Media provides us with an exciting opportunity to develop and explore the rapidly growing podcast medium. We’ve known and watched CurtCo create engaging and innovative content for years, and we value the integrity and quality they bring to the media industry.” CurtCo Media CEO Bill Curtis says, “Having a strategic alliance and investment from SummitMedia makes this partnership the most powerful moment to date in our business development. We’re so excited to work with Greg Kelly, Carl and their team to create new dynamic programming and combine Summit’s powerful radio platform with CurtCo Media in the fast-growing world of podcasting. We believe this strategic partnership will provide sustainable value for our business and expand our audience.”

TALKERS News Notes. Longtime radio and television consumer advocate Clark Howard will receive the 2021 “Andrew Ashwood Award” at the 12th annual Talk Show Boot Camp, presented by Don Anthony’s Talentmasters and Gabe Hobbs Media being held virtually this year on March 18 and 19.  Howard, who wrapped his nationally syndicated radio program after 23 years at the end of 2020, will be presented with the award by last year’s recipient, Greg Moceri. He says, “When I was given the privilege of selecting someone who exemplified the positivity that Andrew did for our industry, it took me two seconds to say Clark Howard. Having worked and associated with him for 30 years, he was an instant selection on how many ways he has demonstrated that positivity and has helped millions through the years. ‘In Clark we trust’ impacted his knowledge and authenticity in our industry for decades and it continues today. Clark was an instant choice to carry on this great tradition of honoring Andrew.”…..The 2nd Annual Radio Cares – Feeding America is off to a great start with new and returning partners signing on in support of the nationwide radio event that raises money to provide meals for individuals and families facing hunger in America. Radio Cares is presented by Feeding America and the Independent Broadcasters Association and takes place on April 14 on radio stations across the country. Last year, in its inaugural event, Radio Cares raised enough money to purchase 5 million meals.”…..The Philadelphia Phillies and Entercom announce a new, multi-year radio deal with the MLB’s Phillies to keep sports talk WIP-FM the flagship station for the club’s radio broadcasts. The play-by-play team of Scott Franzke and Larry Andersen will be joined by Kevin Frandsen this season. Entercom Philly SVP and market manager David Yadgaroff says, “We’re eagerly awaiting the return of Phillies baseball and are happy to announce a new broadcast extension with the club. As the undisputed voice of the Philadelphia sports fan, we look forward to putting listeners right in the middle of the action through premier game day coverage and keeping them caught up with their favorite team throughout the season.”

COVID-19 Stats & Vaccines, SCOTUS Trump Tax Returns Ruling, Capitol Riot Investigation, Cabinet Confirmation Hearings, Dominion Sues Mike Lindell, and Facebook Australia News Deal Among Top News/Talk Stories Yesterday (2/22). The United States passes the 500,000 COVID death mark and the rollout of vaccines continues; the Supreme Court rules New York prosecutors can have access to Donald Trump’s tax records; today’s first Senate hearing on the January 6 Capitol insurrection; Monday’s first confirmation hearing for Attorney General nominee Merrick Garland, and the coming hearings for embattled White House budget office nominee Neera Tanden and Interior Secretary nominee Deb Haaland; voting systems firm Dominion sues MyPillow chief Mike Lindell for $1.3 billion for defamation; and Facebook agrees to Australian news deal that will pay news organizations were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Wednesday, February 10, 2021

| February 10, 2021

Beasley Broadcast Group’s Q4 2020 Net Revenue Declines 5.1%. Reporting on the fourth quarter and the full year of 2020, Beasley Broadcast Group – parent company of Beasley Media Group – reports net revenue of $68.5 million for the fourth quarter, a decline of 5.1% over the same period in 2019. For the full year, net revenue was $206.1 million, a decrease of 23.7% from the $261.6 million reported in 2019. There was positive news from the fourth quarter as operating income rose 54% to $19.6 million and station operating income increased 25.2% to $20.1 million. However, for the full year of 2020, the company posted an operating loss of $4.3 million and station operating income declined 86% to $24 million. Beasley CEO Caroline Beasley states, “Beasley’s 2020 fourth quarter financial results reflect the ongoing recovery of our business and solid execution by our teams in generating sequential quarter-over-quarter revenue growth that exceeded the high-end of the preliminary range we announced in January. During the quarter, we continued to navigate the ongoing pandemic-related challenges exceptionally well. The meaningful actions we have taken over the past nine-months, including reducing station operating expenses and negotiating discounts with service providers and partners, resulted in 28.8% year-over-year growth in SOI and improved SOI margin as well as a 62.4% increase in station operating income less corporate expenses. In addition, despite the pandemic and restrictions in certain markets, we generated fourth quarter free cash flow of $16.8 million, inclusive of the $4.6 million net gain from dispositions, which compares very favorably to the $20.7 million of free cash flow in the year ago period which benefited from $21.8 million in dispositions. Record fourth quarter net political revenue of $10.2 million, combined with the resumption of advertising in key categories, drove year-over-year revenue increases in six of our station clusters. Excluding political revenue, Beasley continued to generate sequential month-over-month revenue growth, with October up 8.3% over September and November up 2.0% over October, while December paced slightly behind November due to a tightening of COVID-19 restrictions in certain markets. Notably, our continued emphasis on strong local content drove best-in-industry ratings performance for our station clusters in the fourth quarter, according to Nielsen, and our cumulative on-air audience share has grown consistently since March.”

TALKERS and Industry Mourn the Passing of Marcia Daly. Longtime TALKERS executive art director and advertising coordinator Marcia Daly, 67, unexpectedly passed away on Thursday, February 4 at her home in Westfield, MA. One of the original members of the TALKERS staff since its launch in 1990, she was a key component of both the company’s management and production teams and a beloved friend and colleague to countless professionals in the broadcasting industry across America. In that capacity, she worked closely with some of the biggest names in the talk show industry on their art, logos and advertising campaigns and was widely respected for her tremendous talent and reputation for kindness. In announcing the sad news, TALKERS publisher Michael Harrison said, “Marcia Daly was an invaluable component in the rise and ongoing success of TALKERS for the past 31 years serving as an ever-dependable teammate and friend to those of us fortunate to have had her in our lives. In addition to being an extremely accomplished and talented artist, she was known far and wide for having a heart of gold and being one of the kindest and most generous people one could ever hope to know. All of us at TALKERS are stunned by this terribly sad news and pray for Marcia’s family and friends.” She is survived by her husband of 44 years, Joseph Daly. Born in Springfield, MA to Donald Van der Wolk and Betty (Moynihan) Van der Wolk, she leaves behind children, Kathleen Daly of Westfield, MA and John Daly of Medford, MA. A dedicated member of Blessed Sacrament Church, in Westfield, MA, Marcia Daly actively volunteered with the Soup Kitchen and Take & Eat. A cat lover, gourmet cook and baker, and a huge fan of crime dramas, she made friends everywhere she went and had a positive impact on everyone she met. A funeral mass will be held on Friday, February 12, 2021 at 11:00 am ET in Our Lady of the Blessed Sacrament Church, 127 Holyoke Road, Westfield.  It can be virtually attended via livestream at https://my.gather.app/remember/marcia-daly. In lieu of flowers, donations in Marcia Daly’s honor may be made to The Sisters of St Joseph, 577 Carew Street, Springfield, MA 01104.

Entercom and TEGNA Strike Deal for Locked On Podcast Network. This new content agreement between Entercom and TEGNA – which recently acquired the local sports podcast network Locked On Podcast Network – puts Locked On’s extensive lineup of professional and collegiate sports podcasts featuring analysis from local experts, writers, reporters, and insiders, on Entercom’s RADIO.COM platform. The deal also calls for the development of new content, including co-produced and co-branded podcasts, a daily sports news podcast featuring hosts from leading RADIO.COM sports stations and local experts from Locked On, and two weekly one-hour programs, produced by Locked On, available on Entercom radio stations and RADIO.COM. Entercom chief digital officer J.D. Crowley says, “We’re aggressively leveraging the value of our national dominance in sports programming and content in audio, digital and sports betting platforms and our agreement with Locked On reflects continued progress on this front. As the number one creator of live, original local audio content, we’re excited to add Locked On’s collection of top-rated podcasts to our portfolio, welcome their eight million monthly listeners nationwide to the RADIO.COM platform and make their inventory available to our advertising partners.” The first podcast co-produced under the partnership will be “Locked On Today,” hosted by “Locked On Packers” host Peter Bukowski. The program will be “a fast-paced take on the biggest sports stories of the day, going beyond the scoreboard and behind the scenes for insight and perspective from the local experts of the Locked On Podcast Network and Entercom sports radio stations.”

iHeartMedia Unveils iHeart 3D Audio for Podcasts. A new slate of podcasts from iHeartMedia will be released using the binaural or 3D audio technology the company is calling iHeart 3D Audio that “places listeners into the middle of an audio soundscape, immersing them in the story like never before.”  The company says 3D audio “creates a sense of movement, location and triggers other senses, enhancing listening experiences and providing a new way for people to hear high quality, surround sound, immersive content, and reproducing real-life experiences, much like virtual reality has done for video, right in their own homes.” iHeartPodcast Network president Conal Byrne says, “Podcasting has undoubtedly stepped in as one of this year’s most relied upon forms of entertainment. We’ve seen a huge spike in listenership and iHeart wants to ensure we’re meeting this growing audience in new, innovative ways. This is virtual reality for the ears, and by expanding our 3D audio offerings, our goal is to place fans at the center of the stories they love – in an even more immersive, innovative format.” iHeartMedia will launch a new slate of podcasts that is underpinned by the unique recording technology.

Moore and Squire Promoted at iHeartMedia Philadelphia. Two executives at iHeartMedia’s Philadelphia station group are promoted. Jeff Moore is named market president, rising from his previous post as senior vice president of sales, and Chris Squire is elevated to the SVP of sales position. Moore says, “I am thrilled to have the opportunity to lead this great team of successful sales and programming professionals in Philadelphia while representing some of the most iconic brands. My mission is to continue to build a winning culture that attracts the best talent and has a positive impact on our employees, brands and the community we serve.”

TALKERS News Notes. Based on data from the Podcast Consumer Tracker, Edison Research releases its first chart of the U.S. top 50 podcasts of 2020. In the top five positions are: 1) The Joe Rogan Experience 2) The Daily 3) Crime Junkie 4) This American Life and 5) My Favorite Murder. You can see the complete list here…..LiveXLive Media, owner of PodcastOneSlacker Radio, and React Presents, announces today’s release of “Valentine’s Day In Hell.” The six part musical-horror-comedy podcast marks the first production of the recently announced joint venture with LiveXLive and Audio Up Media. “Valentine’s Day In Hell” features some of today’s hottest recording artists, top social influencers, and media personalities in starring roles. Those starring in the podcast include iann diorjxdnOliver Treephem, and recent Billboard 21 Under 21 artist, Carlie Hanson – with Adam Carolla playing the devil.….Cumulus Media’s Westwood One announces the weekly podcast, “Brown Ambition,” to the Westwood One Podcast Network. Hosted by Mandi Woodruff and Tiffany Aliche, the program offers “life-changing financial advice and resources for women and other communities that have been excluded from the essential financial conversations necessary to thrive. Business Insider named ‘Brown Ambition’ one of ‘the best personal finance podcasts of 2021.’” Woodruff says, “When we started ‘Brown Ambition’ more than five years ago, we knew we wanted to create a unique space for women of color to feel empowered to build wealth and take charge of their careers unapologetically. I’m so proud of the organic growth we have achieved with the show thanks to the loyal listeners who have made us part of their weekly routine all these years.”…..The “Under the Hood” car talk show, hosted by Shannon Nordstrom, Russ Evans, and Chris Carter, moves into new studios. The program says that “this expansive project features all-new, state-of-the-art equipment throughout, including HD streaming video with an automatic switching system.” The show is also broadcast live in its home market on KELO-AM, Sioux Falls, South Dakota with the syndicated version of the radio show airing on more than 240 stations.

Impeachment Hearing, COVID-19 Stats & Vaccines, WHO’s China Investigation, Deadly Minnesota Clinic Shooting, and Supremes Singer Mary Wilson Dies Among Top News/Talk Stories Yesterday (2/9). The opening day of the impeachment case against Donald Trump; the number of COVID-19 cases and deaths in the U.S. and the rollout of vaccines; the World Health Organization reports its investigation into the origin of the coronavirus was likely not the result of a lab breach; a Minnesota man kills one and injures five at a health clinic in Minnesota; and Supremes singer Mary Wilson dies at 76 were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Thursday, January 14, 2021

| January 14, 2021

Key Networks Names Deidra Hoye to Lead Expanded Sales Team. Syndication firm Key Networks appoints network advertising sales executive Deidra Hoye to the senior vice president, ad sales position in which she’ll lead the company’s newly expanded sales team. Los Angeles-based Hoye will supervise the enhanced sales team of veteran network radio sales professionals that includes recent hires Maggie Sisco, vice president, Eastern sales; Brian Pollina, vice president, Midwest sales; and Michelle McLynn, supervisor of sales support & operations. Hoye previously served as vice president, network sales, for Premiere Networks. Sisco joins Key Networks from PodcastOne, where she was vice president/director of sales, Eastern region. Pollina comes to Key Networks from United Stations Radio Networks, where he was vice president of digital assets and Midwest sales. McLynn joins Key from Westwood One, where she was affiliate services manager. Key Networks and Sun & Fun Media CEO Rob Koblasz says, “We are delighted to welcome Deidra to the Key Networks team. Her wealth of experience in the network ad sales arena will allow us to serve our partners now and as we grow our network. Deidra’s leadership along with the breadth of experience of our team is a winning combination for our customers.” Key Networks syndicates “The O’Reilly Update,” starring Bill O’Reilly to almost 250 radio stations. It also manages all network advertising sales, affiliate sales, and marketing for Bloomberg Radio and distributes “Shawn Parr’s Across The Country,” as well as news/talk program “The Jesse Kelly Show,” alt rock morning program, “The Billy Madison Show,” and Virtual Jock programming services.

KDKA-AM, Pittsburgh News Anchor Rose Ryan-Douglas to Retire. Pittsburgh news anchor Rose Ryan-Douglas is retiring from her PM drive anchor post at Entercom’s news/talk KDKA-AM after 45years in the broadcasting business. Ryan-Douglas has been with KDKA-AM since 2002. She joined KDKA-AM after anchoring the morning news at crosstown (current classic hits outlet) WWSW “3WS” for almost 20 years. Entercom Pittsburgh SVP and market manager Michael Spacciapolli says, “Rose has been the ultimate news professional. Not only will we miss her on the air but her calming influence in the newsroom is irreplaceable. On behalf of all of us at KDKA Radio and our listeners we thank her for the tremendous work she has done over the years.” Her last shift will be Friday, February 26.

Seth Goldberg Exits ‘ESPN Syracuse’ for Gig with the NBA. Syracuse.com reports that WTLA-AM, Syracuse “ESPN Radio Syracuse” host and producer Seth Goldberg is leaving the radio station to take a position with the NBA. Goldberg began working at WTLA in 2015 producing “Upon Further Review” with hosts Chris McManus and Steve Neikam while still a student at Syracuse University. Joining WTLA full time after graduating in 2016, Goldberg has been co-host and producer for “Orange Nation” (co-hosted with Steve Infanti), and produces “On the Block,” a program with Syracuse.com’s Brent Axe. Both programs also are featured on the WTLA-SU Twitch streaming channel ‘Cuse Sports Talk.’ Galaxy Media CEO Ed Levine says Goldberg’s on-air role on “Orange Nation” will be filled in the interim by Paulie Scibilia.

Beasley Media Group’s Preliminary Q4 Net Revenue Down 5.8%-6.5%. Releasing preliminary financial data from the fourth quarter of 20201, Beasley Media Group says it expects net revenue for the period to be approximately $67.4 million to $67.9 million. Compared to the same period in 2019, the figures represent a decrease of between 5.8% and 6.5%. The company says the change reflects a year-over-year decrease in commercial advertising revenue due to the ongoing impact of the COVID-19 pandemic, partially offset by growth in digital, esports, and political revenue. Other data points include: fourth quarter 2020 Station Operating Income increased by approximately 23.1% to 28.8% year-over-year to approximately $19.2 million to $20.1 million; and fourth quarter 2020 EBITDA increased by approximately 25.0% to 33.8% year-over-year to approximately $17.0 million to $18.2 million. Beasley CEO Caroline Beasley says, “We expect to report top-line revenue improvement in the second half of the year, with sequential quarter-over-quarter growth in both the third and fourth quarters of 2020. Our preliminary fourth quarter performance also demonstrates the significant operating benefits from the actions we took earlier this year to address the pandemic, including reducing station operating expenses and negotiating discounts with landlords, service providers, and partners. Although it is difficult to predict what the impact of COVID-19 will be in the coming months, we remain optimistic that the commercial advertising market will return to more normalized revenue levels as we move further into the year, following broad vaccine distribution.”

CES2021: Technology Is Merely the Plumbing. As the (virtual) convention that reporters are scolded for calling “the Consumer Electronics Show” wraps today, consultant Holland Cooke urges broadcasters to focus on product, not package. Read his analysis here.

First Detroit Sports Talk Show Hosted by Frank Beckmann? Not So Fast… Former longtime Detroit Free Press writer John Smyntek reaches out to TALKERS magazine to let us know that legendary Detroit radio personality Frank Beckmann – who announced his retirement from Cumulus Media’s WJR-AM on Wednesday (it takes effect at the end of March) – was not the first to host a sports talk program on Detroit radio as the press release from WJR claims. Smyntek says, “WXYZ-AM (1270, now WXYT-AM) had the late Dave Diles hosting a daily sports talk and caller dial-in show from 6:00 pm to 7:00 pm weeknights starting, I think, in 1967 and running through 1969 or 1970. Then Ron Cameron had a sports call-in format on WXYT-AM under the Chuck Fritz regime for several years in the 1970s, long before Beckmann’s show started.” Smyntek – who retired from the Free Press in 2008 – says Beckmann’s “Sportstalk” program, launched in 1981, was indeed the first sports show to air on WJR-AM.

WSB, Atlanta Talk Star Erick Erickson Is This Week’s Guest on the Harrison Podcast.  One of the rising stars of talk radio, Erick Erickson of WSB-AM/WSBB-FM, Atlanta, is this week’s guest on the award-winning PodcastOne series “The Michael Harrison Interview.” He’s one of the most important talk radio figures in the Peach State where, for the past eight years, he’s been hosting “Atlanta’s Evening News with Erick Erickson,” a 4:00 pm to 6:00 pm program on the Cox Media Group heritage station. He also hosts a recently launched, daily three-hour show airing from 9:00 am to 12:00 noon on his own independent network of almost 20 stations stretching across Georgia that many industry observers say is ready to expand nationally. His background is fascinating. Born 45 years ago in Jackson, Louisiana, he was raised between the ages of five and 15 in Dubai where his father worked for Conoco Oil as a production foreman. Returning to the U.S., he received a bachelor’s degree from Mercer University in Macon, Georgia, and a J.D. degree from Mercer University Walter F. George School of Law. He practiced law for six years at a major legal firm in Georgia. He served four years as an elected city councilman in Macon. He was one of the founders of RedState.com which he managed as editor-in-chief for 10 years. He’s been a regular contributor to CNN and FOX News Channel over the years. He’s currently attending a seminary where he is working on earning a theological degree and he’s one of the talk show hosts Rush Limbaugh turns to when he needs someone to fill in. Erickson is a conservative who has not been reluctant to tell his audience the truths he thinks they need to know as opposed to engaging in the daily dance of affirmation and only telling them what they want to hear – especially when it comes to his opinions about President Donald Trump. Don’t miss this extremely timely conversation about the state of talk radio and politics in America today recorded the day after the Capitol insurrection. To listen to the podcast in its entirety, please click here or click on the player box marked “The Michael Harrison Interview” located in the right-hand column on every page of Talkers.com.

Report: Dan Le Batard and Former ESPN Boss John Skipper to Form New Sports Media Company. According to a report by Michael McCarthy at Front Office Sports, former ESPN radio and TV personality Dan Le Batard and former ESPN chief John Skipper are partnering for a new “politically progressive sports media company” that is “described as the strategic opposite of Clay TravisOutkick.” The Le Batard-Skipper partnership was first reported by the Miami Herald. McCarthy’s piece says that Le Batard and Skipper are seeking talent including former ESPN talent Jemele Hill, Bomani Jones, and Kate Fagan. Hill tells FOS, “We’re trying to figure out the most productive way to work together. Both John and Dan know I have such a deep level of respect for them. So, me working with them again always felt like it was inevitable.” Skipper is currently executive chairman of sports streaming platform DAZN. Hill, in the aftermath of her departure from ESPN, formed her own production company that produces the Vice TV show “Stick to Sports,” and the “Jemele Hill is Unbothered” Spotify podcast.

TALKERS News Notes. Detroit talk station WFDF “910 AM Superstation” announces that former Flint Mayor Karen Weaver, who served as mayor during the city’s water scandal, joins the station as a talk host. She’ll appear Monday-Friday in the 8:00 am to 9:00 am hour. Adell Radio Group CEO Kevin Adell says that with former Michigan Governor Rick Snyder being criminally charged with willful neglect in conjunction with the Flint water crisis, bringing Weaver aboard is timely. “Mayor Karen Weaver watched this disgraceful water episode unfold firsthand and will have much to talk about as Rick Snyder works his way through our legal system”…..The Armstrong & Getty Show – starring Jack Armstrong and Joe Getty – announces that QBS Broadcasting’s talk WBQO-FM, Brunswick, Georgia adds the program to its lineup. WBQO program director Paul Andresen says, “There’s a reason Armstrong & Getty’s reputation precedes them. So, when tasked with finding a replacement for Clark Howard, it was a no-brainer. A&G brings a much-needed change of perspective and influx of personality to not only 93.7 WBQO, but our market as a whole. The listeners’ response, from the first show onward, has been nothing short of fantastic and I couldn’t be prouder to have Armstrong & Getty in our on-air lineup.”…..The “RMWorldTravel with Robert & Mary Carey and Rudy Maxa” announces that it has added 23 new affiliate stations in 2021 so far, bringing its affiliate roster to more than 460 stations!

U.S. House Votes to Impeach Trump, Capitol Attack Investigation, States Prep for More Attacks, Social Media and Free Speech, COVID-19 Stats & Vaccines, WHO Investigating COVID Origin in China, and Powerball Jackpot Among Top News/Talk Stories Yesterday (1/13). The U.S. House of Representatives votes to impeach Donald Trump; the investigation into last week’s attack on the Capitol; states across the nation move to protect their capitals from potential future attacks; the removal of Donald Trump and others from social media platforms and questions about free speech; the fast-rising number of COVID-19 cases in the U.S. and the rollout of vaccines; the WHO enters China to investigate the origin of the coronavirus; and the record Powerball jackpot were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Tuesday, December 15, 2020

| December 15, 2020

Ramsey Solutions Forgives $10 million in Debt for 8,000 Americans. Through his company Ramsey Solutions, Dave Ramsey has taken on the debt of 8,000 people across the United States and totally forgiven a total of $10 million in debt. Ramsey Solutions has purchased $10 million of unpaid medical and car debt from two private debt collection companies in order to forgive it. Starting on November 9, Ramsey and his 950 team members made phone calls to let the recipients know their debt had been forgiven. Recipients will also be notified by a letter in the mail within the next five weeks. Ramsey says, “This year has been one of the worst financially for so many Americans. Thirty years ago, my wife Sharon, and I were on the heels of a financial catastrophe ourselves. We know firsthand the pain of having creditors calling at all hours of the night and wondering how we were going to keep the lights on. But we said never again to living with debt. We worked our way out of bankruptcy, turned our finances around, and now we can have the most fun with money that we ever have – giving.” You can read more about Ramsey Solutions’ $10 million debt payoff here.

Charlie James Named Afternoon Drive Host at WYRD-FM, Greenville-Spartanburg. The new afternoon drive talk host at Entercom’s WYRD-FM, Greenville-Spartanburg “106.3 WORD” is Charlie James, who joins the station from his most recent post as morning host for Cumulus Media’s news/talk WTMA-AM, Charleston, South Carolina. James – who starts on December 23 – succeeds Bob McLain, who is retiring from the station. Entercom Greenville-Spartanburg SVP and market manager Steve Sinicropi says, “Charlie is a well-respected and seasoned talk show host and his track record of success in South Carolina with his award-winning program makes him a perfect fit for ‘106.3 WORD.’ Charlie’s experience informing and entertaining listeners through his style, knowledge, and influential opinions on topics that matter most will be a welcomed addition to our station’s programming and will build on the afternoon audience that has been well served by Bob McLain.”​

WHO-AM, Des Moines Names Max Schaeffer and Amy Sweet New Morning Drive Show. Current WHO-AM, Des Moines morning drive host Van Harden announced yesterday (12/14) to listeners that market radio pros Max Schaeffer and Amy Sweet will take over hosting the morning drive show after he retires from the station early next month. Schaeffer comments, “The weight of what we have ahead of us is not lost on me.” Schaeffer and Sweet previously worked as morning drive co-hosts at Saga Communications’ crosstown classic hits KIOA-FM until exiting in May of 2018. Harden announced his retirement from WHO back in January of this year, giving iHeartMedia a full year to plan for the new morning show.

Ken Kohl Announces Retirement. Radio programming and management pro Ken Kohl announces that he’s winding down his 50-plus year broadcasting career that’s seen him program news and talk stations in markets including Los Angeles, San Francisco, Seattle, and Sacramento. Kohl has been serving for the past 12 years with DirecTV managing broadcast and sales operations, project and talent management for the radio and TV simulcasts of “The Dan Patrick Show,” “The Rich Eisen Show,” and “The Artie Lange Show.” Kohl says, “It’s been an amazing 50-year career. From overnight jock on Long Island’s WBLI-FM to program director of legendary WLIR-FM, rockin’ the Rockies at KBPI-FM, great runs programming KOMO-AM and KFBK-AM, launching talk on KFI in Los Angeles and San Francisco’s ‘Free FM’ to the award-winning, wall-to-wall coverage of the OJ trial, and two sports Emmy nominations and a Marconi with ‘The Dan Patrick Show.’ I’ve been blessed with fantastic staffs, amazing talk talent and exceptional ownership but there are a handful of folks who championed my career to whom I am eternally grateful: Michael Harrison, Monty Grau, Jim Donahoe, Jimmy de Castro, Chris Long, and the best of the best, Gerryann Agovino.” Kohl says he remains available for a limited number of consulting clients in between bites of fresh salmon and can be reached at kenkohl@acquaintmedia.com

Townsquare Media Issues Preliminary Fourth Quarter Financial Results. While the fourth quarter of 2020 doesn’t wrap until December 31, Townsquare Media is issuing “preliminary estimated financial results” for the period. Chief executive officer Bill Wilson says, “We are pleased to pre-announce very strong fourth quarter estimated results that outperformed the expectations we had previously outlined on our third quarter earnings call. At that time, I stated that our goal for fourth quarter net revenue was a year-over-year decline of 7.5%, approximately half of our third quarter net revenue decline of 15%, which had been a material improvement from Q2’s decline of 35%. Today, I am proud to share that we expect fourth quarter net revenue will be between $107 million and $109 million, which equates to a decline of approximately 2.7% to 4.5%, materially outperforming our goal. In addition, we expect Q4 2020 Adjusted EBITDA will be between $27 million and $28 million, representing between 8.3% and 12.3% growth year-over-year. This far exceeds our previously stated goal (by at least $2 million) that Q4 2020 Adjusted EBITDA would approach Q4 2019 Adjusted EBITDA of $24.9 million.”

i4 Media Ventures Launches with Debut Podcast ‘We Interrupt This Broadcast.’ The new firm i4 Media Ventures announces its plans to “bring podcast listeners vividly memorable stories from the history of American broadcasting.” The 12-episode podcast series “We Interrupt This Broadcast” – the first season of six seasons planned for release over the next three years – debuts in February. The series will feature first-hand accounts, little-told anecdotes and insights recorded over the course of decades with such icons of broadcast journalism as David BrinkleyTom BrokawWalter CronkiteSam Donaldson, Don HewittDan Rather, and Tim Russert, among many contemporary correspondents, and with numerous news directors and producers, as well as with guests connected to broadcast journalism’s rich history such as Casey MurrowEdward R. Murrow’s son. Advertising sales and sponsorship for the series will be represented by New York and Los Angeles-based Crossover Media Group Sales. The series is based on the 1998 New York Times bestselling multimedia book We Interrupt This Broadcast by author Joe Garner, a co-founder of i4 Media Ventures. Legendary longtime CBS journalist and A&E and NPR host Bill Kurtis, the original narrator for the multimedia book, will reprise his role by introducing each episode. The narrator for the series will be announced in coming weeks. Garner says, “It’s our intention with this series to celebrate broadcast journalism’s crucial role in our society and in history. And while our inaugural podcast series will feature major news events throughout broadcast history, these stories – such as the Rodney King beating and the presidential-election dispute of 2000 – all have relevance and offer lessons today.”

Joe Piscopo to Host Sinatra Show on WABC, New York. Well-known TV personality and radio talk show host Joe Piscopo is joining Red Apple Media’s WABC, New York to host “Ramsey Mazda’s Sunday Nights with Sinatra” program that airs from 8:00 pm to 10:00 pm. The show is being simulcast on WLIR-FM on Long Island. Piscopo played Sinatra in a recurring role during his time as a cast member of NBC’s “Saturday Night Live” in the early 1980s. He says, “It’s an honor to bring the music of the most legendary icon of our time, Frank Sinatra, back to the legendary WABC Radio. I am thrilled and excited, and it’s gonna’ be swingin’ baby!” Red Apple CEO John Catsimatidis comments, “Throughout history, there has been no more iconic name in music than Frank Sinatra, nor has there been a more iconic name in radio than WABC. Bringing these two together again on Sunday nights with celebrity host Joe Piscopo, a crooner himself, is a one-of-a-kind way to honor ‘Ol’ Blue Eyes’ and celebrate what would-be his 105th Birthday with this show’s debut.” Piscopo hosts the morning drive program on Salem Media Group‘s WNYM, New York “970 The Answer.”

ESPN’s ‘30 For 30 Podcasts’ Looks Back at Beginning of Pandemic. The next installment of ESPN’s “30 for 30 Podcasts” debuts on December 21, is titled, “March 11 2020,” and tells the story “of a day that started in one reality and ended with a new one — the day the NBA shut down and the pandemic became real — as told by those who lived it.” ESPN says the experiential podcast features a mix of audio clips from news stories of the day and interviews with key figures in the NBA as well as from Dr. Anthony Fauci. Senior editorial producer Julia Lowrie Henderson says, “This has been the strangest, longest, and most challenging of years. It’s hard to process all we’ve been through, but it’s actually quite simple to identify the turning point, the moment where it felt like everything changed: March 11. All of our lives were impacted by the events of that day. At the time we had no idea how deeply, or how long this might last, but we felt the seismic shift when the first professional athlete tested positive for coronavirus and the NBA suspended its season. If our mission at ‘30 For 30’ is to tell stories that explore how sports, competition, athleticism, and adventure affect our lives and our world, then it felt crucial to us to find a way to tell the story of that day.”

TALKERS News Notes. According to a story at GVWire.com, KMJ-AM/FM, Fresno program director Blake Taylor says Twitter blocked access to the station’s account because of comments made by U.S. Rep. Devin Nunes on KMJ. During Nunes’ interview with KMJ talk host Ray Appleton, he said he “tested positive for the COVID antibodies” causing some confusion and concern that he had contracted the COVID-19 virus. GVWire.com reports that Taylor fielded requests from consumer media outlets seeking to clarify what Nunes had said so he did so on Twitter. Taylor says that immediately the station’s Twitter account was suspended. He reached out to Twitter but received no response. The blackout lasted 20 minutes…..Entercom’s WIP-FM, Philadelphia “SportsRadio 94WIP” announces special coverage of the Philadelphia 76ers for the 2020-21 season. WIP’s coverage of the team will include “Trust The Pregame,” hosted by Joe Giglio. The station will continue airing “Rights To Ricky Sanchez Radio,” a one-hour show named after the popular podcast. That show will be hosted by Joe Giglio and feature Spike Eskin, as well as Rights to Ricky Sanchez writers Adam Aaronson and Mike O’Connor. The station also announces a collection of additional contributors for the upcoming season, including  WIP’s Jon Johnson and Billy KingDerek Bodner of The AthleticKevin O’Connor of The Ringer, and Kyle Neubeck of Philly Voice…..Digital products and services provider Vipology moves its ad sales representation exclusively to AdLarge Media. AdLarge co-founder and co CEO Cathy Csukas says, “Where most digital companies simply create and sell what’s needed at the time, Vipology gets ahead of the constantly evolving media landscape to develop solutions that allow radio to increase ratings and revenue. We’re very excited about representing their advertising inventory from more than 1,000 top radio stations across America to our advertisers.”…..Erick Siqueira joins Focus360 as business development & planning specialist. In this role, Siqueira will work with the Focus team to deliver new revenue and inventory opportunities for clients. He will also continue relationships with agencies and buyers with whom he’s worked for all Focus360 network products and the Focus360 Podcast Network

Electoral College Votes Biden Winner, COVID-19 Vaccines Arrive, COVID Stats & Projections, Barr to Resign, Georgia Runoff Elections, and Stimulus Negotiations Among Top News/Talk Stories Yesterday (12/14). The Electoral College votes Joe Biden the 46th president; the first COVID-19 vaccines begin arriving at U.S. hospitals; the fast-rising number of COVID-19 cases in the U.S., projections for post-holidays outbreaks, and Dr. Tony Fauci’s estimation the U.S. will achieve herd immunity by late spring or early summer; Attorney General William Barr announces he’ll resign next week; the January runoff elections for Georgia’s two U.S. Senate seats; and negotiations on a new pandemic stimulus package were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Music Radio News and Career Moves. According to a report at NewscenterMaine, former Saga Communications air personality Randi Kirshbaum – who was a program director and jock at country WPOR and triple A WCLZ in Portland, Maine is filing an employment discrimination complaint with the Maine Human Rights Commission and U.S. Equal Employment Opportunity Commission against the company after she was dismissed for refusing to return to the stations’ offices due to the coronavirus pandemic. Kirshbaum says her mother passed away from pulmonary fibrosis and that she is genetically predisposed to getting it. She adds the disease can be triggered by a respiratory virus. When Kirshbaum was laid off in May, Saga Portland SVP Chris Forgy said Kirshbaum violated her signed agreement that she could be called back to the office by management and would lose her job if she refused…..Condolences to the family and friends of radio pro Steve Cooper, a.k.a. James Carr, who died on Sunday (12/13) at age 71 after several years of battling multiple illnesses. Cooper worked in the Indianapolis market for 32 years, working at such signals as WNDE, WIFE, WFBQ, and WTPI. You can see a tribute video made by good friend Art Vuolo here.

Thursday, November 12, 2020

| November 12, 2020

WGY, Albany’s Chuck Custer to Retire Next Month. Albany radio personality Chuck Custer is retiring from iHeartMedia’s news/talk WGY-AM/FM on December 18. He currently hosts the morning drive program with Kelly Lynch. Before taking on that role in 2011, he served as news anchor on Don Weeks’ radio show. Custer also previously served as news director and program director for “News Radio 810 & 103.1.” Custer began his WGY career as evening news anchor in 1984. iHeartMedia Albany SVP and market manager John Cooper says, “For over 36 years, Chuck Custer has been synonymous with WGY. From his time as the leader of the award-winning WGY news department, his outstanding work with ‘Don Weeks in the Mornings’, his current co-host position with Kelly Lynch, and most importantly all the time he’s contributed to the people of the Capital District. Chuck has been the consummate professional. He’s a great broadcaster who will long be remembered.” Custer comments, “It was a lifelong dream to work at WGY, a powerful, influential station with a great history and heritage. I’ve been very fortunate to have such a great run here. I’ve worked with many tremendous and talented people, made many friends, and I have had an opportunity to take on many different challenges. For 36-plus-years, I’ve loved what I was doing and loved coming to work. Not many people can say that.”

Urban One Posts Third Quarter Net Revenue Decrease of 17.2%. Reporting results from the third quarter of 2020, Urban One, Inc says net revenue was approximately $91.9 million, a decrease of 17.2% from the same period in 2019. Broadcast and digital operating income was approximately $44.2 million, an increase of 1.3% from the same period in 2019. Urban One posted a net loss of approximately $12.8 million in Q3 of 2020 compared to a net income of approximately $5.4 million for the same period in 2019. Urban One CEO and president Alfred C. Liggins, III says, “During the third quarter, we saw continued sequential improvements in radio revenues: compared to Q2 2020, our radio segment revenues were up 54.3%. This improvement will continue into fourth quarter where same station radio division revenues are currently pacing down only mid-single digits compared to Q4 2019, including political advertising. Most remarkably, despite the ongoing impact of the COVID-19 pandemic, we were able to grow our Q3 2020 Adjusted EBITDA by 2.3% compared to Q3 2019 and by 61.3% compared to Q2 2020. This was largely driven by impressive performance in our TV, Digital and Reach Media divisions, all of which grew their Adjusted EBITDA by double digit percentages, or better, year-over-year. During this 2020 election cycle we have seen record-breaking political advertising revenues, in excess of $20 million across our entire platform of radio, digital and TV assets. I believe this reflects the increasing recognition of the importance of our audience, and the trusted platform we provide our clients to reach Black America… Our cash and liquidity position remains robust, with approximately $102.2 million of cash on hand at September 30. We received strong support from lenders for our recent bond exchange offer, which extends the maturity of both our secured notes and unsecured term loan, thereby giving the Company more flexibility to opportunistically access capital markets during the course of 2021. As part of the exchange agreement we will also reduce our outstanding debt by $25 million.”

KKAT, Salt Lake City Welcomes Dave Ramsey. Nationally syndicated talk radio superstar Dave Ramsey is joining the program schedule at Cumulus Media’s news/talk KKAT-AM, Salt Lake City in the 11:00 am to 1:00 pm slot, effective November 16. Cumulus Salt Lake City VP and market manager Patrick Reedy says, “Now, more than ever, Dave Ramsey’s insights and solutions for life and money bring clarity and straight talk to improving listeners’ financial lives. We are incredibly excited to welcome ‘The Dave Ramsey Show’ to the powerful 860AM lineup.” KKAT program director Chris Hoffman adds, “I’ve personally seen the power of Dave’s message change people’s lives. I can’t wait for our audience to experience it for themselves. I look forward to hearing their debt-free screams!”

KYW, Philadelphia Announces New On-Air Lineup. The retirement of morning drive co-anchor Brandon Brooks sets in motion a series of changes at Entercom’s all-news outlet KYW, Philadelphia that take effect November 23. Current afternoon drive co-anchor Ian Bush is moving to mornings to serve as co-anchor alongside Carol MacKenzie. Jay Scott Smith rises from his part-time anchor position to co-anchor afternoons with co-anchor Michelle Durham. Also, fill-in anchor Denise Nakano is named midday anchor. Entercom Philadelphia SVP and market manager David Yadgaroff says, “As KYW Newsradio broadens its reach on crystal-clear 103.9 FM, we are happy to expand the roles of these outstanding journalists. Ian, Jay, and Denise bring invaluable experience and insight that will help Philadelphia’s most-trusted news team serve our region at this critical time and beyond.” Bush, Smith, and Nakano will all contribute to KYW Newsradio’s growing array of digital offerings, including original podcasts.

Jim Bohannon Goes Back to College. Pictured above on the campus of Piedmont College in Demorest, Georgia is Westwood One nationally syndicated talk show host Jim Bohannon (second from right) along with a group of students from the school’s student-run radio station “Z87.7.” Bohannon visited the school to conduct a radio seminar and speak to individual audio production classes about his industry experience as a talk show host. Bohannon also appeared as a guest on the station’s “1:35” program. Pictured with Bohannon are (from l-r) students Christopher Barker, Cameron Verona,Savannah Richards, Zach Swindell, Brett Loftis, Bohannon, and faculty member Dale Van Cantfort.

Harrison Podcast Presents a Special Salute to the Broadcasters Foundation of America. Taking a brief departure from its usual format of spotlighting a single individual, the Broadcasters Foundation of America is the subject of this week’s installment of the award-winning PodcastOne series, “The Michael Harrison Interview.” Harrison states, “This past week’s election and its aftermath continued the drama, intensity and anxiety that have made 2020 one of the most challenging years in modern history – and thus, one of the most difficult in the lifetimes of those of us born after World War II. The economic crisis sparked by COVID-19 has certainly added to the problems facing millions of people in our country who have either lost their jobs or their businesses and many more who are living with the uncertainty of whether they will still have their jobs and businesses in 2021.” Harrison continues, “All that aside, the radio industry has been hard hit by economic challenges for years leading up to 2020 – through good times and bad – due to a variety of reasons… some unavoidable and some, unfortunately, of its own making… none of which can be blamed on its day-to-day working people. Escalating cutbacks in the radio business are nothing new in the 21st century. The COVID-19 era has only made difficult matters even worse. Firings have primarily targeted the working folks in the trenches, including engineers, producers, programmers, news reporters, DJs, talk show hosts, salespeople, programmers, and mid-level managers.” Harrison adds, “It is important to note radio is always on the front lines of supporting charities and initiatives that rush to the aid of victims suffering from just about every hardship inflicted by disease, natural disasters, and economic calamity. But the only humanitarian organization that I know of that for decades has consistently been standing up for broadcasters facing personal disasters is the Broadcasters Foundation of America.” The Broadcasters Foundation of America derives most, if not all, of its revenues from individuals and companies, large and small, in the radio and television industries creating a process by which broadcasters can support broadcasters in their time of need. 2020 has proven to be a difficult year for the organization due to the economic impact of the corona virus upon its individual donors – and especially with COVID-19 forcing the cancellation of many of the organization’s annual fund-raising events. Harrison concludes, “Keeping in mind that a significant portion of this podcast’s audience are members of the professional broadcasting community, and to personally take a momentary break from the stresses of today’s political turmoil, this installment of our podcast will diverge from its usual path and be devoted to raising awareness of the Broadcasters Foundation of America.” The podcast’s guests this week are WPG, Atlantic City morning host Harry Hurley, Broadcasters Foundation of America president Jim Thompson and Foundation board member and longtime host of TV’s “Inside Edition,” Deborah Norville. To listen to the podcast in its entirety, please click here or click on the player box marked “The Michael Harrison Interview” located in the right-hand column on every page of Talkers.com.

Trump Refuses to Concede/Biden Transition Process, Georgia Recount/Senate Runoff Elections, COVID-19 Stats & Projections/Vaccine, Trump Media Ambitions, Veterans Day, and Tropical Storm Eta to Hit Florida Again Among Top News/Talk Stories Yesterday (11/11). The refusal on the part of Donald Trump and a fair number of Republican members of Congress to admit that Joe Biden won the election and the transition process to President-Elect Biden; the state of Georgia’s intent to do a hand recount of the ballots and the January runoff elections for Georgia’s two U.S. Senate seats; the fast-rising number of COVID-19 cases in the U.S. and abroad, projections for winter cases, and Pfizer’s statement its vaccine appears to be 90% effective; speculation about Donald Trump’s post-White House media ambitions; the Veterans Day holiday; and Tropical Storm Eta to hit Florida again were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Music Radio News and Career Moves. Condolences to the family and friends of classic rock WIMZ-FM, Knoxville afternoon drive personality Billy Kidd, a.k.a. William Winningham, who died unexpectedly yesterday (11/11). No details of his passing are available but the station posted the following to its website: “It is with the very heaviest of hearts that we here at 103.5 WIMZ bring you the terrible news of the passing of our friend and colleague, William Winningham, also lovingly known as Billy Kidd. We know you have many questions, as do we. Just remember how much Billy loved this community and the people who made it so great! We will be posting and airing tributes to Billy in the days to follow. We appreciate the many friends and listeners who have expressed their concern and love for Billy. Thank you all from the depths of our hearts. We love you Billy!”…..Alpha Media and Superadio, LLC announce an affiliation agreement to bring the “Ebro in the Morning with Laura Stylez and Rosenberg” to its hip hop-formatted stations in Portland, Oregon; San Antonio; and Amarillo, Texas. Alpha Media VP of content Phil Becker says, “I admire and appreciate the talent and perspectives of Ebro, Laura, and Rosenberg and I’m proud of Alpha for continuing to be trendsetters in the media space by becoming the flagship affiliate. The radio industry has become too reliant on phony phone calls and the assumption that listeners want characters over authenticity. ‘Ebro in the Morning’ understands that and will be a wonderful addition to our portfolio of stations, and I look forward to working closely with them.”…..Team Jubal Productions announces its formation to independently launch “The Jubal Show” in national syndication. The program debuts today on iHeartMedia stations KXJM-FM, Portland “JAM’N 107.5”; KSLZ-FM, St. Louis “Z107.7” and WMKS-FM, Greensboro “100.3 KISS FM.” Team Jubal Productions is led by Alex Fresh, Jubal Fresh and Eric Weiss. Craig Whetstine is handling affiliate sales for the show.

Monday, November 9, 2020

| November 9, 2020

Pending Business: Sales Lessons from the Election Cycle. Sales and marketing pro Steve Lapa, president of Lapcom Communications Corp, writes in today’s column that presenting a concise, targeted message of your station’s benefits to prospects is crucial to making the sale and is ultimately more important than how many prospects you toss into the hopper. Read his column here.

Biden Declared 46th President/Trump Refuses to Concede, Georgia Runoff Elections, COVID-19 Stats & Projections/Vaccine, the Economy/Stimulus Deal, Tropical Storm Eta, and Alex Trebek Dies Among Top News/Talk Stories Over the Weekend. Democratic challenger Joe Biden is declared the winner of the 2020 presidential election and President Trump’s refusal to concede the election; the January run-off elections for Georgia’s two U.S. Senate seats; the rising number of COVID cases in the U.S. and Europe, projections for the fall and winter months, and Pfizer’s announcement that its COVID vaccine appears to be 90% effective; the state of the U.S. economy and anticipation of a new stimulus deal; the arrival of Tropical Storm Eta in Florida; and longtime “Jeopardy!” host Alex Trebek dies among top news/talk stories over the weekend, according to ongoing research from TALKERS magazine.

Monday Memo: 20-20 News. With the holidays looming, and as we are prepping perennial year-end retrospectives, it’s easy to wonder what-the-heck-NEXT? In this week’s column, consultant Holland Cooke offers a wider-angle shot, and simple suggestion for radio. Read it here.

Townsquare Media Q3 Net Revenue Down 15.3%. Third quarter earnings from Townsquare Media indicate the company is weathering the COVID-19 pandemic better than some of radio’s larger firms. Net revenue for the third quarter of 2020 was $95.4 million, a decrease of 15.3% from the same period in 2019. While advertising revenue was down $16 million or 17.2%, Townsquare Interactive net subscription revenue increased $2.3 million, or 14.5%, to $18.2 million. For obvious reasons, live events net revenue decreased $3.5 million, or 98.2%, to $0.1 million. Townsquare was able to post net income of $1.3 million for the quarter (compared to the $7.3 million in net income in Q3 2019) whereas many broadcasting companies are posting losses for the quarter. Townsquare CEO Bill Wilson says, “I am proud to share with you today that Townsquare’s third quarter results exceeded our expectations, driven by sequential net revenue improvement throughout the quarter as our business continued to accelerate despite the impact of the COVID-19 pandemic. Third quarter net revenue improved to a decline of -15.3%, as compared to the third quarter of the prior year, which was up from a decline of -34.5% in the second quarter. This translated to a strong increase in Adjusted EBITDA from $2.1 million in the second quarter to $17.5 million in the third quarter. Our better than anticipated third quarter results were due to gains in both our Townsquare Interactive and Advertising segments. Townsquare Interactive, our digital marketing subscription business, has delivered net subscription revenue and subscriber growth each and every month of 2020, demonstrating its recession-resistant characteristics and proving to be valuable and a tremendous resource to local businesses. In the third quarter, Townsquare Interactive’s net revenue increased 14.5% over the prior year period, at an Adjusted Operating Income margin in excess of 30%, and added approximately 1,150 net subscribers, marking the 10th consecutive quarter of 850 (or more) net subscriber additions and the most quarterly net subscriber adds in nearly six years. Improvement across our Advertising segment was broad based, as revenue declines improved from -37.5% in the second quarter to -17.2% in the third quarter, each as compared to the prior year. Broadcast advertising net revenue sequentially improved throughout the quarter, with and without political revenue, and digital advertising net revenue returned to growth in the third quarter, driven by positive net revenue growth from Townsquare Ignite (+10% year over year), our digital programmatic advertising solution, and AMPED (+9% year over year), advertising revenue associated with our owned and operated local websites. In total, our digital net revenue exceeded 44% of our total net revenue in Q3 2020, and we remain confident that Townsquare Interactive and Townsquare Ignite will each generate $100 million of annual net revenue in two to three years… Although 2020 has been a challenging year, we are proud that we did not need to alter our core strategy.  Rather, we believe the pandemic has allowed us to separate from our local media peers by placing a spotlight on the success of our strategy.  Our focus on underserved small and mid-sized local markets, our investment and commitment to our ‘Local First strategy, and our investment in world class personnel, technology and infrastructure that allowed us to build a strong digital platform with best of breed products, services and solutions that contributes 44% of our total revenue, have all contributed to our ability to mitigate revenue declines and manage quite effectively through this downturn. We believe these actions will position Townsquare to quickly emerge from this crisis and return to our market leading performance quickly once this crisis abates.”

iHeartMedia Cuts Hit WLW, Cincinnati’s Steve Sommers. WVXU, Cincinnati’s John Kiesewetter reports that longtime “America’s Truckin’ Network” host Steve Sommers is a victim of the current downsizing taking place at iHeartMedia. The overnight program has aired on WLW, Cincinnati since it was launched by Sommers’ father, Dale “Truckin’ Bozo” Sommers, in 1984. As Kiesewetter notes, Steve Sommers joined his father on the program in 1996 and took over the program in 2004. Sommers posted to Facebook: “I have been DISMISSED from I-Heart Radio… I’m sorry my friends… 2020 is a bitch!!! I will not have a chance to say GOOD-BYE!!! Thanks for 25 years of friendship!!” It’s unclear what the status of the overnight program is as the “America’s Truckin’ Network” – along with Sommers’ photo – is still listed on the WLW website.

TALKERS News Notes. Washington, DC’s WTOP is partnering with longtime market crime reporter Paul Wagner for a new podcast titled, “Murder in a Safe Place.” Wagner has worked for WTTG-TV “FOX5 News” for the past 20 years covering cases including the murder of Congressional intern Chandra Levy to the Mansion Murders and the police-involved shooting of motorcyclist Terrence Sterling. He served as a reporter at WTOP from 1989 to 1999. In this series, Wagner examines a local cold case from 22 years ago: the murder of Sherry Crandell, a 50-year-old hospital worker who was brutally assaulted and later found dead in her office at Prince George’s Hospital Center. WTOP director of news and programming Julia Ziegler says, “Paul is a part of the WTOP family, and we are so excited to partner with him on this project. This 22-year-old cold case is a horrific and baffling one that will have listeners asking questions. Our hope is that through the reach of this podcast, we can bring closure to this case and the Crandell family.”…..iHeartMedia and the Malcolm Gladwell and Jacob Weisberg-co-founded Pushkin Industries enter into a co-production and distribution agreement that will make iHeartMedia the exclusive sales partner for Pushkin’s catalog of podcasts that includes “Revisionist History,” “Broken Record,” “The Happiness Lab with Laurie Santos,” and many others. As part of this deal, iHeartMedia and Pushkin Industries will co-produce a slate of new, original podcasts over the next two years. Gladwell says, “We started Pushkin to share the joy Jacob and I have found in creating and producing podcasts. Working with the team at iHeart will allow us to spread this joy at an even bigger scale.”…..AdLarge Media and National Sports Network unveil their slate of NCAA basketball games for the 2020-2021 season for radio. Last month, AdLarge was announced as the exclusive ad sales partner for the NCAA basketball games on the National Sports Network. The networks will air the Creighton Bluejays vs the Kansas Jayhawks on December 8 and the Gonzaga Bulldogs taking on the Iowa Hawkeyes on December 19.

Music Radio News and Career Moves. Programming pro Zannie Glover, a.k.a. Zannie K, is named program director for Beasley Media Group’s hip hop WMGC “105.1 the BOUNCE” and urban contemporary WDMK “105.9 KISS-FM,” effective December 1. Zannie K was most recently program director at non-commercial KMOJ-FM, Minneapolis as well as was the associate program director and nationwide night talent for Westwood One’s classic hip hop format…..Urban One Columbus enters into a Local Marketing Agreement with Southern Ohio Broadcasting to operate WWCD-FM, Columbus and launches a regional Mexican/tropical format branded as “La Grande 102.5 FM.” Urban One RVP Eddie Harrell Jr. says, “We are pleased to expand our footprint again in Central Ohio by reaching the fastest growing segment of the population, inclusive of the Mexican community and growing Central and South American communities. Combined with our African American targeted radio/television assets, we are now the largest single source provider of content to African Americans and Spanish speaking residents in Central Ohio.”…..Entercom’s rock outlet KISW-FM, Seattle is presenting the sixth annual “Live Day” tomorrow (11/10). This year’s completely live, virtual event will feature broadcasts of the station’s morning show “BJ & Migs” and afternoon show “The Men’s Room” with no recorded commercials, sound effects or music. Fifteen bands from across the Northwest and multiple voices from across the country will perform throughout the 12-hour program. KISW brand manager Dave Richards says, “For the KISW audience, 2020 wouldn’t be complete without the annual entertainment spectacular, ‘Live Day.’ This year, every artist and performer will participate virtually and distanced. Thank you, technology.”

Friday, November 6, 2020

| November 6, 2020


NOW POSTED:  This Weekend’s Installment of “The Michael Harrison Wrap: An Overview of the National Conversation.”   The latest installment of the vibrant, one-hour weekend special, “The Michael Harrison Wrap,” that looks back each week at the hottest topics discussed in American talk media per the research of TALKERS magazine, is now posted. This new episode titled “The Envelope Please!” looks back at this past week of November 2 – November 6, 2020.  The program features guests (in order of appearance): Kevin Casey, executive editor, TALKERS; Brett Winterble, talk show host, WBT, Charlotte; Graham Mack, talk show host, Podcast Radio, London, UK; Dr. Renee Kohanski, psychiatrist / commentator, MDedge Psychcast; Michael Zwerling, talk show host / owner, KSCO, Santa Cruz, CA; and Walter Sterling, talk show host, “Sterling On Sunday.” This acclaimed news/talk radio show airs each week on its flagship, WONK-FM, Washington, DC, Friday evenings at 6:00 pm ET. It also airs throughout the weekend on WTIC, Hartford; KSCO, Santa Cruz, CA; KDFD (“Freedom 93.7”), Denver; KFNX, Phoenix; WVLY, Wheeling, WV; WTRW-FM, Scranton/Wilkes Barre, PA; WVOX, Westchester, NY; KBDT, Dallas; KQSP, Minneapolis; KBKW, Aberdeen, WA; WGDJ, Albany, NY;  WJFN-FM, Richmond, VA; WZFG, Fargo; KTGO, Tioga, ND; KWAM, Memphis; K-NEWS, San Luis Obispo; WCHM, Clarkesville, GA;  WPHM, Port Huron, MI; KSYL, Alexandria, LA; KTOE, Mankato, MN; WCED (“Connect FM”), DuBois, PA; K-NEWS 101.3, Owensboro, KY; WWTK, Sebring, FL; the Virginia Talk Radio NetworkCRN Digital Talk Radio NetworkPioneer Valley Radio, Springfield, MA; Podcast Radio, UK and many more.  To listen to this week ’s episode, please click here. To view the latest TALKERS magazine topic research, please click here.  “The Michael Harrison Wrap” is now available in syndication via Talk Media Network to stations across America on a market exclusive basis. For affiliation information, please click here or call 616-884-8616.

Entercom and Urban One Announce Station Swap Involving Four Markets. A swap between Entercom and Urban One encompasses stations in three markets. Under the terms of this deal, Entercom acquires WPHI-FM, Philadelphia; WHHL-FM, St. Louis; and WTEM-AM, Washington, DC. Also, Entercom gets the format, brand and creative assets of Urban One’s WFUN-FM, St. Louis “The Lou” which will be moved to Entercom’s KNOU-FM, St. Louis. In return, Urban One acquires Entercom’s Charlotte cluster that includes news/talk WBT-AM/FM, sports talk WFNZ-AM, and hot AC WLNK “107.9 The Link.” Both companies will begin operating their respective acquisitions under LMAs beginning November 23. The addition of WTEM-AM, Washington “The Team 980” gives Entercom a second sports talk outlet in the DC market, complementing WJFK-FM “106.7 The Fan.” Entercom DC SVP and market manager Ivy Savoy-Smith says, “For years, WTEM has established itself as the go-to home for everything surrounding The Washington Football Team, and we’re proud to enhance our position as unrivaled leaders in sports radio by adding the station to our portfolio. The Washington Football Team is a pillar in the D.C. sports community, and we look forward to providing our listeners a home to tune in to all the action on game days and stay up-to-date throughout the year.”

Entercom-Urban One Deal Gives All-News KYW, Philadelphia an FM Presence. With Entercom’s acquisition of Philadelphia FM signal WPHI from Urban One, Entercom announces it will simulcast heritage all-news KYW-AM on the 103.9 FM signal. Entercom Philadelphia SVP and market manager David Yadgaroff comments, “In this critical time for our community and country, simulcasting the iconic ‘KYW Newsradio’ on FM will greatly expand the reach of important, credible local journalism and enhance the listener experience on the crystal-clear FM dial. This station is the heartbeat of the community and we’re really excited about serving more listeners while providing additional access on top of 1060 AM, RADIO.COM, and smart speakers. The simulcast will begin on November 23.

Entercom’s 2020 Q3 Net Revenue Down 30%. On the positive side, Entercom Communications’ net revenue for the third quarter of 2020 was $268.5 million and that was up 53% from the second quarter of this year. However, that was 30% below the $386 million posted in the third quarter of 2019. The company notes that net revenues improved each month during the third quarter compared to the prior year: July was down 36%, August was down 32% and September was down 25%. Digital climbed 41% over the same period in 2019, posting revenue of $47.3 million. Entercom reports a third quarter operating loss of $259,000, compared to operating income of $79.5 million in Q3 of 2019. Entercom CEO David Field states, “I am pleased to report that Entercom continued to make significant organizational improvements in the third quarter in the face of the deeply challenging pandemic. Third quarter net revenues were up 53% from the second quarter while our continuing work on enhancing our business model yielded an 18% reduction in operating expenses versus the prior year enabling us to rebound to positive Adjusted EBITDA of $31 million. We expect further improvement in both revenues and Adjusted EBITDA in the fourth quarter. We continue to suffer from the deep impact of the pandemic which has caused many of our advertisers in businesses such as concerts and live events, tourism, gyms, nightclubs, museums, movies, theme parks, public transportation, airlines, restaurants, and others to temporarily cease or significantly curtail their operations and advertising. We look forward to welcoming them back once we emerge from the pandemic. We continue to build and transform Entercom into a leading multi-platform audio content and entertainment company with scaled audience reach, robust data, analytics and attribution capabilities, and a leadership position in virtually every segment of the dynamic and growing audio market, including broadcasting, podcasting, digital, events, network, music, sports and news. Entercom is strategically well positioned for future performance as our enhanced capabilities enable us to expand our customer relationships and accelerate growth.”

Cumulus Promotes Ken Roberts to Market Manager for Washington, DC. Rising from his vice president, sales position with Cumulus Media’s Washington, DC duo to vice president and market manager is Ken Roberts. He takes over for Jake McCann, who exits to lead the Philadelphia-based real estate investment firm The HOW Group, LLC. Roberts will lead the duo of news/talk WMAL-FM and sports talk WSBN-AM “ESPN 630 The Sports Capital.” Cumulus Media EVP of operations Dave Milner says, “Since joining the Cumulus team in 2016, Ken Roberts has done a terrific job leading our sales effort in Washington, D.C. His creativity, experience, leadership, and performance made Ken the ideal choice for this key role. Ken has earned this promotion and we are excited to have him lead this highly talented and effective D.C. team!”

Twitter Permanently Suspends Stephen K. Bannon’s Account. Former White House chief strategist, former Breitbart chief executive, current talk media host Stephen K. Bannon has had his Twitter account permanently suspended after he tweeted that President Trump should fire Dr. Anthony Fauci and FBI Director Christopher Wray and then went further, “I’d put the heads on pikes. Right. I’d put them at the two corners of the White House as a warning to federal bureaucrats. You either get with the program or you are gone.” At the same time, Facebook shut down the page of the pro-Trump group Stop the Steal. A Facebook spokesperson commented to CNN, “In line with the exceptional measures that we are taking during this period of heightened tension, we have removed the group ‘Stop the Steal,’ which was creating real-world events. The group was organized around the delegitimization of the election process, and we saw worrying calls for violence from some members of the group.”

The Presidential Race, Electoral College, and Trump Lawsuits Tie for Top News/Talk Story This Week. The 2020 presidential election, the Electoral College, and Donald Trump’s lawsuits combined as the most-talked-about story on news/talk radio this week, landing atop the Talkers TenTM. At #2 this week was congressional races, local races, and propositions, followed by COVID-19 stats & projections and health care at #3. 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 magazine. It is published every Friday at Talkers.com. See this week’s complete chart here.

TALKERS News Notes. Based on Nielsen data, Newsmax TV broke its previous ratings records with Tuesday’s election night coverage. Newsmax Media says Newsmax TV reached 3 million viewers with the highest per minute viewership at 592,000 viewers. Moreover. Initial OTT reports indicate the network reached an additional 4 million viewers on Election Day and the day after on OTT services such as Roku, YouTube, Xumo, Pluto and others…..The St. Louis Post-Dispatch’s Dan Caesar reports that the sale process of sports talk KFNS-AM, St. Louis is ongoing despite owner Randy Markel’s belief that he and his wife have contracted COVID-19. Markel is selling the station to a group led by current station manager John Hadley. Markel tells the paper that the process is in the hands of the lawyers now and that the deal “will get done.” Hadley is currently tweaking the station to be a true all-sports outlet. Several weeks ago it ended its deal with general issues talker Frank O. Pinion who’d been hosting the afternoon drive daypart…..iHeartMedia receives approval from the Federal Communications Commission for an increase in its authorized aggregate foreign ownership from 25% to 100% (subject to certain conditions set forth in the Declaratory Ruling). The FCC concludes that the public interest would not be served by prohibiting foreign investment in iHeartMedia of up to 100%. The decision allows holders of iHeartMedia warrants to have those warrants exchanged into Class A or Class B shares of iHeartMedia common stock and affords iHeartMedia flexibility to accommodate increased foreign investment that may result from share purchases by the public…..Alec Baldwin’s “Here’s The Thing” podcast is joining iHeartMedia’s iHeartPodcast Network in January. Baldwin says, “With the shift over to iHeartRadio, we’re breathing new life into a project I’ve been passionate about for nearly a decade. Hosting this show and speaking to so many remarkable people over the years has been such a joy, and I’m eager to see where we go from here.”…..Beasley Media Group unveils the Bravery Network in the Ft. Myers market.  The weekend public affairs radio program is hosted by CHR WXKB “B103.9” morning show personality and Army veteran Jason “Big Mama” Jones and is dedicated to shining a light on important issues ranging from PTSD and wellness to saluting Veterans who are making a difference in the local community. Jones says, “Florida has one of the largest veteran populations in the United States. As an Army veteran, I know first-hand the importance of finding resources after service can be both complicated and unique. The Bravery Network hopes to not only streamline these resources but bring awareness to those who don’t know about the struggle of reintegration into society.”…..The Library of American Broadcasting Foundation announces its 2020 Board of Directors. Heidi Raphael, chief communications officer at Beasley Media Group, is named co-chair, effective immediately. She joins Hubbard Radio CEO Ginny Morris as co-chair of the organization. Pierre Bouvard, Gary Chapman, Erica Farber, David Kennedy, Dr. Judy Kuriansky and Heidi Raphael have been re-elected to a three-year term on the Board of Directors. In addition, Ginny Morris, Gary Chapman, David Kennedy and Jack Goodman will continue to serve additional two-year terms on the Executive Committee.

Music Radio News and Career Moves. A collaboration between Beasley Media Group and Broken Bow Records will result in their first-ever virtual “Country Christmas Concert.” The event will take place on Wednesday, December 16 at 8:00 pm on Beasley’s WKXC-FM, Augusta, Georgia; WKLB-FM, Boston; WSOC-FM, Charlotte; WKML-FM, Fayetteville; KCYE-FM, Las Vegas; WXTU-FM, Philadelphia; and WQYK-FM, Tampa. Beasley says the show will be hosted by local station personalities in an “up-close-and-personal setting.” Artists scheduled to perform include: Dustin Lynch, Chase Rice, Jimmie Allen, Runaway June, Elvie Shane, and Lainey Wilson…..Cox Media Group San Antonio names Craig Jones director of sales for the cluster that includes: classic hits KONO-FM, rock KISS, country KKYX-AM/K285EU, hot AC KSMG, classic rock KTKX-FM, country KCYY, and oldies KONO-AM. CMG San Antonio VP and market manager David Able says, “Craig is an influential leader who has a long track record of success leading highly talented sales teams within our industry. I have no doubt that under Craig’s leadership our sales team will thrive and continue to deliver strong results for our clients.”

Thursday, November 5, 2020

| November 5, 2020

Cumulus Media’s Q3 Financial Report Reveals Net Revenue Down 30.1%. Reporting its earnings for the third quarter of 2020, Cumulus Media says net revenue was $196.4 million, a decrease of 30.1% from the same period in 2019. The company also reports a net loss of $15.8 million compared to the $16.3 net income reported for the third quarter of 2019. Same station net revenue was $196.4 million, a decrease of 29.4% from Q3 of 2019. Cumulus Media president and CEO Mary Berner says, “In the third quarter, the company continued to focus on maximizing revenue performance, executing meaningful expense reductions, protecting cash through efficient working capital management and strengthening our balance sheet. Despite the extraordinary challenges of operating through a pandemic, we have reduced debt by $269 million and increased cash by $316 million since emerging from bankruptcy in 2018 (a net debt reduction of more than $585 million or 46%.) We believe that these actions, along with record-setting political revenues, will allow us to navigate through and emerge from the COVID-19 crisis with considerable ability to support our growth initiatives and capitalize on strategic and operating opportunities in 2021 and beyond.”

Bakersfield Talk Radio Personality Inga Barks Dies. According to a report by KERO-TV, Bakersfield, former market talk radio personality Inga Barks has died unexpectedly at age 53. At this point details are few, but it appears Barks passed away on November 4. KERO-TV quotes Barks’ friend Cindy Andrews – who worked with Barks at American General Media news/talk outlet KERN-AM – saying, “I am deeply saddened over the death of my former coworker and friend, Inga Barks. Not only was she a talented talk show host, but she was also very devoted to her family. We shared many laughs and unique experiences as female broadcasters for American General Media. She will be missed by many.” You can see KERO-TV’s report that includes tributes from former co-workers – including KMJ, Fresno’s Blake Taylorhere.

WTIC-AM, Hartford Morning Co-Host Joe D’Ambrosio to Leave Station in June. According to an account in the Hartford Courant, WTIC-AM, Hartford morning drive co-host Joe D’Ambrosio says he’s frustrated with his “inability to speak his mind on the air and will leave his position when his contract expires in June.” The paper reports that D’Ambrosio told co-host Ray Dunaway, “At this radio station at this time, I’m not allowed to let my opinions be known. I’ve told management, when my contract is up in June, my time with WTIC will be over.”  It’s not clear if D’Ambrosio is upset with a directive from management or just with the general tenor of host and caller opinions. Reporter Susan Dunne says that when reached later, D’Ambrosio declined to elaborate on his comments.

PPM Analysis: News/Talk. TALKERS magazine managing editor Mike Kinosian presents a look at the performances of radio stations based on data from Nielsen Audio’s October 2020 PPM survey, today focusing on the news/talk format. Over the last eight PPM surveys going back to March, the global pandemic, racial tensions/protests, and the election year have provided the news/talk format with ample hot-button issues to discuss and the format’s performance has improved over the same period in 2019, based on Nielsen’s 6+ weekly AQH share data. In the October 2020 survey, 61% of news/talk stations were up over the September 2020 survey with gainers being led buy iHeartMedia’s KFYI, Phoenix (+1.4) and Bonneville’s KSL-FM, Salt Lake City (+1.3). Comparing year-over-year data, 68% of news/talk stations were up in October 2020 compared to October 2019 with gainers being led by iHeartMedia’s WISN, Milwaukee (+6.2), KNRS-FM, Salt Lake City (+4.4), and WCBM Inc’s WCBM, Baltimore (+3.7). In the October 2020 survey, seven news/talk stations ranked #1 (6+) in their respective markets. Find out which stations were ranked #1 by reading Mike Kinosian’s complete report here.

Mid-West Family Madison Donates $900k in Advertising. The Madison, Wisconsin station group of Mid-West Family Broadcasting gave $900,000 in free advertising (more than 31,000 commercials) to hundreds of local businesses affected by the COVID-19 pandemic between March 21 and July 21 through its “NOW OPEN” program. Mid-West Family Madison president Tom Walker says, “Our company was formed in Madison, we’ve been here for 91 years, and our commitment to the community and local businesses is our top priority. ‘NOW OPEN’ gave us the chance to connect businesses with consumers when they needed it most.”

Report: ESPN to Lay Off 300. According to a report by Andrew Marchand in the New York Post, sports giant ESPN is laying off 300 staffers and will not fill some 200 positions that had been open. This comes as parent company ABC/Disney deals with the effects of the pandemic and the changes in media consumption behavior. Marchand’s report indicates that the cuts will be “spread across the network” but will largely spare on-air personalities. Marchand adds, “As is the case across Disney, ESPN is trying to shift more of its business to direct-to-consumer. It has created ESPN+. It had reported 8.5 million subscribers as of this summer. The pandemic has also created new ways to deliver programming with less people.”

The Road to 270 Electoral Votes/Promised Legal Challenges, Portland Violence, COVID-19 Stats & Projections, European Lockdowns, New Islamic Terror Threats, U.S. Exits Paris Climate Accord, Prop 22 Passes in California, Watch on Hurricane Eta Among Top News/Talk Stories Yesterday (11/4). The counting continues as Donald Trump and Joe Biden each hope to reach the 270 electoral vote threshold to claim victory and the gearing up of legal challenges to some states’ vote totals; the National Guard is called in to Portland, Oregon after a riot is declared; the rapidly rising number of COVID-19 cases in the U.S. and projections for the fall/winter seasons; the lockdowns being ordered in numerous European nations to combat the rising number of COVID cases; concerns about new terror attacks by actors sympathetic to the Islamic State; the United States officially exits the Paris Climate Accord; California passes Proposition 22 which allows Uber and Lyft to treat drives as contractors and not employees; and the possibility that Hurricane Eta will gain steam and head for Florida were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Music Radio News and Career Moves. The Rock & Roll Hall of Fame and iHeartMedia are teaming up for an exclusive podcast partnership for the series “Rock & Roll Hall of Fame Induction Vault” that will debut Friday (11/6), the day before the 35th Annual Rock & Roll Hall of Fame Induction Ceremony airing on November 7 on HBO. The series covers iconic induction speeches and will debut with The Beatles inducted by Mick Jagger, N.W.A inducted by Kendrick Lamar, The Eagles inducted by Jimmy Buffet, and Stevie Nicks inducted by Harry Styles. New episodes will premiere every Friday through the end of the year and a second season will premiere in early 2021. iHeartPodcast Network president Conal Byrne says, “Over the past 35 years, the Rock & Roll Hall of Fame Induction ceremonies have become renowned for their impassioned and sometimes outrageous acceptance speeches. We’re thrilled to bring the most iconic moments of past and present music infamy to fans around the world and continue to share what’s made the event special in the past and for years to come.”

Tuesday, November 3, 2020

| November 3, 2020

Beasley Media Group Third Quarter Report: Net Revenue Down 25%. The first radio company to report 2020 third quarter financial results is Beasley Media Group which reveals net revenue for the period was $49.6 million, down almost 25% from the $66.1 million reported in the third quarter of 2019. Obviously, the dramatic decrease is the result of a loss of advertising revenue due to the coronavirus pandemic. The company reports operating income of $0.8 million, down from $9.4 million in Q3 of 2019. Beasley reports a net loss of $2.7 million for the quarter compared to the net income of $3 million realized in the third quarter of 2019. Station operating income was $8.1 million, a little less than half of the $16.7 million in SOI reported in the third quarter of 2019. Beasley CEO Caroline Beasley states, “The strong recovery of our business continued in the third quarter of 2020. It is clear that the immediate actions we took to address the pandemic, including reducing station operating expenses, headcount reductions, furloughs, and negotiated discounts with landlords, service providers and partners have contributed to Beasley’s ability to rebound quickly. This focus, combined with the resumption of advertising in key categories, the experience of our teams who have managed through previous economic challenges, the quality of our content, and the role we play in the communities we serve, have all contributed to our ability to turn the corner as evidenced by the positive SOI recorded in the 2020 third quarter. Throughout the third quarter our sales teams drove monthly sequential revenue improvements with July up 8% over June, August up 24% over July and September rising 22% over August. Total net revenue for October increased in the low- to mid-single digits, and November revenue is currently pacing down in the low teens. In addition to the resumption of advertising in key categories and the benefit of the political cycle, Beasley generated continued positive results from its digital and esports investments, which have been less impacted by the pandemic. Third quarter digital revenue rose 1.8% year-over-year to $5 million and our new esports operations generated approximately $500,000 of revenue during the period. Digital revenue accounted for approximately 10.1% of total third quarter revenue, compared to 7.4% of total revenue in the prior year period. Reflecting our initiatives to address the pandemic, including reducing operating expenses and corporate overhead and realigning our company-wide cost structure, Beasley’s third quarter total operating expenses declined by 15.9% and the company expects to reduce its operating expenses through year-end by more than $32 million compared to our 2020 operating budget. We anticipate that a meaningful portion of the operating expense reductions realized since the onset of the pandemic will be recurring, as we continue to make fundamental changes to improve processes and efficiencies across the organization. While the last several months have presented unprecedented challenges for ad-reliant businesses, I am extremely proud of the way our corporate and station level leaders and valued team members rose to the occasion and worked tirelessly to enable Beasley to return to positive cash flow in the third quarter. Looking ahead to the fourth quarter and 2021, we intend to continue our focus on growing our cash flow and maintaining a strong balance sheet with liquidity at current or higher levels. Growing ratings, diversifying revenue and delivering exceptional content and services to our listeners, advertisers, online users and esports fans will remain our focus. And we believe the tremendous resilience of our team and steps we’ve taken to strengthen our financial position and achieve ongoing operational efficiencies have helped ensure that Beasley Broadcast Group remains well-positioned for near- and long-term success.”

iHeartMedia Purging Employees; WTVN’s Riley and Schmid Exit. The latest round of “headcount reduction” is taking place at iHeartMedia, with air personalities, producers and more being let go as the company deals with the economic effects of the coronavirus pandemic. Because of the ratio of music-formatted stations to talk stations, the majority of those being laid off are from music outlets. Some of those working in talk formats who’ve been let go include WTVN, Columbus morning host Joel Riley and morning program producer Tom Schmid. Riley told Columbus Business First, “I worked there for over 26 years. It was my dream job, that morning show. I’m devastated. I will miss the listeners. They made that job special every day.”

PPM Analysis: All-News. TALKERS magazine managing editor Mike Kinosian presents a look at the performances of radio stations based on data from Nielsen Audio’s October 2020 PPM survey, today focusing on the all-news format. About half of the all-news stations in PPM markets were up (6+ weekly AQH share) and half were down or flat. Gainers were led by iHeartMedia’s WBZ-AM, Boston (+1.1) and Hubbard Radio’s WTOP-FM, Washington (+0.8). Year-over-year numbers tell a different story as 63% of all-news outlets improve. Top gainers from October 2019 to October 2020 include WTOP (+2.9), Entercom’s WBBM-AM/WCFS-FM, Chicago (+2.0), WBZ-AM (+2.0), and Sinclair Broadcast Group’s KOMO-AM/FM, Seattle (+1.9). See Mike Kinosian’s complete report here.

New Firm Major Triad Media Acquires TM Studios from Westwood One. Jingle and production house TM Studios is being acquired from Westwood One by Major Triad Media, a partnership of three TM Studios figures – creative director Dave Bethell, Chris “UK” Stevens, and jingle icon and current general manager Greg Clancy. A press release says the new company will maintain studios in Dallas, Los Angeles, and the UK. Bethell says, “From listening to TM jingles on my local radio station in England when I was a kid to becoming a fan, I’ve always wanted to work for TM. Eventually it was the place where I had my big jingle break back in 2005. I’ve written and produced for TM Studios continuously ever since. As co-owner I’m excited to tell the next chapter of TM’s incredible story with our perfect new partnership.” Stevens comments, “I’m so excited to be part of the team to take TM’s legendary name into a new chapter, and from my home country, no less. It’s been 15 years since I originally relocated from London to Dallas to work with TM. It is a dream come true to become part of the new ownership team.” Clancy adds, “I vividly remember watching my dad sing in TM vocal sessions as a kid and had my first vocal session at TM as a 12-year old boy. I began singing for Tom Merriman and Jim Kirk at 23, straight out of college. Just imagine what this moment means to me. We are standing on the shoulders of giants and can’t wait to grow and extend the TM legacy.” TM Studios will continue to work with Westwood One, with a multi-year agreement to serve as exclusive barter representative to seamlessly serve existing clients.

‘The Fisher House Story’ Available Now in Time for Veterans Day. Veterans Day is next Wednesday (11/11) and the Fisher House Foundation announces that The Jeff Wyatt Group has a fresh edition of “The Fisher House Story” for 2020 ready for download. “The Fisher House Story – A Family’s Love” is a radio special provided in varying lengths for news/talk radio stations in the U.S. and around the world. The three-hour, one-hour, 25-minute, and 30-minute radio specials are available for free. The specials are once again hosted by Mary Walter of WMAL-FM, Washington and feature stories of our nation’s heroes, the families who serve by their side, and how Fisher House plays a role in their journey. Your listeners will hear from Ben Breckheimer, an Army combat scout whose vehicle hit an improvised explosive device while driving with his team in Afghanistan; Lt. Col. Patrick Miller, an Army officer who was shot in the 2014 Ft. Hood shooting; and Jeff Sampson, a Navy veteran who needed a double lung transplant. These are just a few of the many stories that will be told “in their own words.” A clock and demo is now available at radio.fisherhouse.org. For more information on this radio special, available cash and barter free, contact Jeff Wyatt at The Jeff Wyatt Group at 301-518-3640 or jw@thejeffwyattgroup.com.

TALKERS News Notes. Tonight, the Westwood One nationally syndicated Jim Bohannon show is presenting election coverage from 10:00 pm to 1:00 am ET with the help of correspondents Clayton Neville and Linda Kenyon, plus commentary from Jed Babbin of the American Spectator, political science professor Dr. Frank Sorrentino, former Indiana congressman Dave Evans, and commentator Sean Walsh…..Cumulus Media’s Westwood One announces a partnership with Rolling Stone to market and distribute their podcasts “Useful Idiots with Matt Taibbi and Katie Halper” and “Rolling Stone Music Now.” The agreement includes the back catalogue in addition to future episodes…..Audio and spoken word agency Oxford Road announces the addition of three executive to the company. Kraig Kitchin – former Premiere Networks chief and current Sound Mind LLC principal – joins as strategic adviser. Steven Abraham is introduced as the company’s new president and Jennifer Laine is named head of marketing.

Today’s Presidential Election/Senate and House Races, Law Enforcement Prepares for Unrest, COVID-19 Stats & Projections, Terror Attacks, Hurricane Eta Approaches Central America Among Top News/Talk Stories Yesterday (11/2). Today’s presidential election between Donald Trump and Joe Biden, as well as the numerous Senate and House races; law enforcement’s concerns about and preparation for keeping voting places accessible and handling public safety in the event protests and violence break out; the fast-rising number of COVID-19 cases in the U.S. and in Europe and projections the second wave could be worse than the first; the recent spate of terror attacks in France, Vienna, and Kabul; and Hurricane Eta threatens Central America with record floodwaters were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Music Radio News and Career Moves. In the Twin Cities, Bring Me the News reports that air personalities Steve LaTart, a.k.a. Steve-O of CHR KDWB’s morning show and hot AC KTCZ “Cities 97.1” morning host Hunter Quinn both exit as part of the current downsizing taking place at iHeartMedia across the country…..Cumulus Media’s country WKDF, Nashville names Toni-Marie afternoon drive host. Toni-Marie joins Cumulus Nashville from Entercom’s country KWJJ, Portland “99.5 The Wolf” where she was midday host and APD. She says, “I have never been happier inside of a Walmart than the day that [program director] Paul Williams called to offer me this position! I’ve had the opportunity to do country radio in some amazing markets, but getting to work with Paul and the team at 103-3 in Nashville is a dream come true!”…..Alpha Media Portland announces that Gustav will join the KINK-FM lineup as the afternoon drive host. Alpha Media Portland operations manager Gene Sandbloom says, “Gustav has been an icon in Portland radio for 25 years, and we couldn’t be more excited to have him join the KINK team in afternoons. His breadth of musical knowledge and the relationships he has forged with artists throughout his career are most welcome. For more than 50 years the KINK brand has been about serving the needs of Portland and the surrounding communities. Hats off to the Alpha Media management team for making yet another true investment in being live and local.”

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