Tag: "pro forma revenue"

Wednesday, July 31, 2019

| July 31, 2019

Mitch Rosen Adds PD Duties for Sports Talk WSSP, Milwaukee.  WSCR, Chicago “The Score” program director Mitch Rosen is going to begin double duty with Entercom and add programming responsibilities for sister sports talker WSSP-AM/W289CB, Milwaukee “105.7 The Fan.”  He’s taking over for WSSP program director Tom Parker, who is retiring on August 1.  Parker will continue as a programming consultant.  Entercom Milwaukee SVP and market manager Chuck Sullivan says, “Having worked closely with Jimmy de Castro and the Entercom Chicago team over the last year and a half, it was the logical next step in the partnership. Mitch has become quite familiar with the market and the WSSP staff over that time and we are very fortunate to now have him calling the plays in Milwaukee as well.”  Rosen has been with “The Score” for almost 15 years.  He adds, “It’s an honor to be part of this great Milwaukee sports brand.  ‘The Fan’ team has great personalities who identify with the sports fans who live and breathe Milwaukee and Wisconsin sports.  I plan to be here to help in any way I can to expand the brand both on the air and through all the digital platforms, including RADIO.COM Sports.”

SiriusXM Q2 Pro Forma Revenue Up 9%. Although SiriusXM is reporting its net income was down 10.8% in the second quarter of 2019 compared to the same period in 2018 ($263 million versus $293 million), the company’s pro forma revenue was up 9%.  The acquisition of Pandora pushed SiriusXM’s revenue to $2 billion – an increase of 38% over Q2 in 2018.  Chief executive officerJim Meyer says, “Our company produced outstanding financial and operating results once again this quarter, and I’m pleased by the quick progress we’ve made in integrating Pandora.  Revenues and adjusted EBITDA each reached records in the period.  We’re thrilled with the results in the first half of the year, and we are raising 2019 guidance for revenue and adjusted EBITDA and reiterating our guidance for net subscriber additions and free cash flow.” The satcaster reports that it added 290,000 self-pay subscribers during the second quarter that puts its total at 29.3 million.

Nielsen Second Quarter Revenue Rises 1.2%.  That 1.2% figure is for the company as a whole.  The company reports that its Media segment – the one that includes radio ratings – is being driven by Total Audience Measurement and that during the second quarter of 2019 its audience measurement business is up 4.2% over the same period in 2018.  Nielsen predicts that its audience measurement segment will finish 2019 up 2% to 3%.

Salem Selling Seven Florida Signals for $8.2 Million. Continuing to follow through on its plan to sell certain assets in order to reduce its debt, Salem Media Group is agreeing to divest itself of seven signals in the state of Florida. It has filed with the FCC to sell Spanish Christian-formatted WKAT-AM, business talk WZAB-AM, and FM translator W249DM in Miami and Spanish Christian-formatted WLCC-AM, business talk WWMI, and FM translator W282CI in the Tampa market (plus the construction permit for translator W260DM, St. Petersburg) to Immaculate Heart Media for $8.2 million.  Immaculate Heart Media will not get the WKAT call letters or that station’s intellectual property.  These moves will leave Salem with Spanish Christian WOCN, Miami, plus news/talk WGUL, Tampa “AM 860 The Answer” and religious duo WTBN-AM/WTWD-AM, Tampa.

2020 Presidential Race/Democratic Debates, Capital One Hack, Immigration Policy/Border Conditions, North Korea Missile Tests, California Festival Shooting/Mississippi Walmart Shooting, and Katy Perry Song Copying Verdict Among Top News/Talk Stories Yesterday (7/30). The Democrats vying to challenge President Trump in 2020 and the first Democratic debate from Detroit; the hack of Capital One that made data from 100 million credit applicants vulnerable; the Trump Administration’s immigration policies and controversy over conditions at the U.S.-Mexico border; North Korea tests more short-range missiles; the deadly shootings at the Gilroy, California Garlic Festival and at a Walmart in Mississippi; and the jury’s ruling that Katy Perry copied aspects of a Christian rap song in her hit ‘Dark Horse’ were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

TALKERS News Notes. Last week’s 19th annual “WSB Care-A-Thon 37-hour radio broadcast event raised more than $1.7 million for research and programs for the Aflac Cancer & Blood Disorders Center of Children’s Healthcare of Atlanta, nearly breaking the record set in 2017. In the 19 years Cox Media Group’s news/talk WSB-AM/WSBB-FM and CHR WSB-FM have been hosting the fundraising broadcast, more than $24 million has been collected to support patients and families.  WSB Radio director of branding and programming Pete Spriggs says, “There is an extraordinary local story to tell at the Aflac Cancer Center — one that is filled with emotion and hope.  Our entire team considers it the honor of their careers to be able to tell that story and to meet the kids, parents, families, doctors, nurses, and caregivers there.  But our listeners deserve all the credit, due to their incredible generosity year after year.”  WSB personalities Scott Slade, Clark Howard, Eric Von Haessler, Mark Arum, Erick Erickson, Neal Boortz, and Brian Kilmeade took part in the broadcast…..ESPN Radio is reporting that its programming saw a 6% increase in listening with men 25-54 from the winter 2019 period (Jan., Feb., March) to the spring  book (April, May, June).  Breaking it down, the network’s “Golic and Wingo” saw a 6% combined increase for M25-54 in total audience across Nielsen subscribing stations in PPM markets on radio plus all platforms combined including television simulcasts.  “The Will Cain Show” also had year-over-year increases across M25-54 PPM audience on terrestrial radio and ESPNEWS simulcast for both June and the spring book.  The M25-54 total audience across all platforms for “The Stephen A Smith Show,” with the addition of its television simulcast which began August 13, 2018, grew 38% in June and 32% percent for the quarter from the same time periods in 2018.  For the quarter, the ESPNEWS simulcast of “The Dan Le Batard Show with Stugotz” was up 33% from last year.  In June, the show saw a 9% year-over-year increase on ESPNEWS…..KTLK-AM, Minneapolis morning drive co-host Jon Justice has published his second sci-fi novel – part two of a series – titled, Embark: Treasure In Darkness.  Justice has self-published the book that follows the story’s protagonists after humanity is forced to leave the Earth following an industrial disaster.  Check out the Amazon listing here.

Music Radio News and Career Moves. Rhythmic oldies WPPZ, Philadelphia “Classix 107.9 FM” announces that “The Russ Parr Morning Show” is airing in the AM drive daypart. The Radio One station is programmed by Jay Dixon, who says, “This guy is fun, funny, and all about winning.  I’ve heard about Russ Parr for years.  He lives up to his reputation as a first-class broadcaster and content king.  He’ll be the icing on the cake to make ‘Classix 107.9’ one of the greatest classic R&B brands in history.  We are too happy to have him on board.”…..iHeartMedia’s hip hop “104.5 The BEAT” WTKS-HD2/W283AN, Orlando announces the lineup for its “The BEAT Music Fest” on Saturday, October 5 will feature DaBaby, YK Osiris, Afro BShordie Shordie, Summerella, Trap Beckham, with more to be announced.  iHeartMedia Orlando partnerships manager Chianna Ray says, “The entire Greater Orlando area has been patiently waiting for a music festival that highlights the hip-hop culture.  ‘The BEAT Music Fest’ could not have come at a better time and we are thrilled to give our listeners this experience.”…..iHeartMedia announces the lineup for the 2019 iHeartRadio Fiesta Latina at AmericanAirlines Arena in Miami on Saturday, November 2 will include: Jennifer Lopez, Daddy Yankee, and Ozuna, with more artists to follow.  For the fourth straight year, the concert event will be hosted by Enrique Santos, chairman and chief creative officer of iHeartLatino and on-air personality for iHeartRadio.

Monday, March 16, 2015

| March 16, 2015

townsquare logoTownsquare Media Q4 Pro Forma Net Revenue Up 9.5%.  Reporting 2014 Q4 and full-year financial figures, Townsquare Media announces its pro forma net revenue was $93.7 million – up 9.5% compared to the same quarter a year ago – and for the full year, pro forma net revenue was up 8.4% on income of $384.7 million.  While pro forma local advertising net revenue increased 5.6% during Q4, chairman and CEO Steven Price says that “nearly 30% of our 2014 pro forma net revenue was derived from sources other than the sale of terrestrial radio advertising.”  He further comments, “Consistent with our January pre-announcement, we are pleased to report fourth quarter pro forma net revenue growth of 9.5% and pro forma adjusted EBITDA growth of 8.6%, with strong growth in each of our operating segments.  We are pleased to announce that we have broken out our Live Events business as a separate reportable operating segment and believe this will provide increased transparency to our investors.”  The company also explains how the company’s divisions are broken down: “We have two reportable operating segments, which are Local Advertising and Live Events, and report the remainder of our business in an Other Media and Entertainment category.  Our Local Advertising segment is composed of broadcast, digital and mobile advertising on our stations, streams, websites and mobile application.  Our Live Events segment is composed of a diverse range of live events, which we create, promote and produce, including musical concerts, multi-day music festivals, consumer expositions and trade shows, athletic events, lifestyle events and other forms of entertainment.  The Other Media and Entertainment business principally includes digital marketing services, national digital assets and other revenue.”

slatenkevinKevin Slaten Returns to KXFN, St. Louis Airwaves Today.  In a story in the St. Louis Post-Dispatch today by Dan Caesar, it’s reported that notorious St. Louis sports talk personality Kevin Slaten will be on KXFN’s air today (3/16) as the Grand Slam-owned station is being leased by Talkstl.com’s owners.  Slaten’s show is currently heard on the digital platform.  Caesar writes that Talkstl began the deal over the weekend and began airing Yahoo Sports Radio.  He also reports the move is part of a power struggle at Grand Slam that is forcing KXFN to change formats again.  Read his piece here.

wtemlogoProgramming Quake at WTEM, Washington.  According to Dave HughesDCRTV.com, a huge programming maelstrom took place at Red Zebra-owned sports talker WTEM, Washington “ESPN 980” last week that prevented today’s debut of the local “Man Cave” show with Chris Paul and Jason Reid and cost programmer Chuck Sapienza his job.  The short version is that Washington Redskins and WTEM owner Dan Snyder doesn’t appreciate former Washington Post writer Reid’s criticism of the Redskins operations and put the kibosh on the show.  When Sapienza tried to justify the move, he was dismissed.  Read the DCRTV.com report here.

Larry Gifford: Radiodays Europe – Day One.

giffordlarryMILAN – BBC radio is widely considered one of the most innovative media companies in the world, which is the reason BBC radio director Helen Boaden was a good choice to set the tone for Radiodays Europe 2015 in Milan, Italy.  In her special Sunday night conference-opening presentation, Boaden laid out one of the big challenges facing radio and offered a road map for those who want to follow.

“You need to understand your company’s space in the digital universe,” Boaden (pictured below during her address) commanded. She encouraged everyone to look at media, telecom, and social media companies and any other company that has entered the space of audio content creation to be sure there is a true understanding of the scale at which we are competing.  This isRDEBBC when she referred to Google, Amazon.com, Netflix and Facebook as “the four horseman of the digital apocalypse.”  But, she made it clear it’s not just a fight for dollars and ear-space, but for our talent.  “We, for the first time, have lost one of our best presenters to Apple.”  (She’s referring to DJ Zane Lowe’s recently reported move from London to Cupertino.)  She thinks she knows why, too.  “What they want is actually the best of radio.  Aggregation no longer, they can see, is enough.”

Boaden strongly believes despite the technology changes, at the heart of all good radio is still good storytelling.  She oversees what seems like dozens of BBC radio brand extensions each focused on getting fans to listen, watch and share stories.

Listen. Watch. Share.

That is the BBC radio secret: a three-pronged, listener-focused, strategy for every platform.  She gave innovative examples the BBC has implemented for each, including pop-up radio stations, animating great radio content, and engaging fans with share-worthy original content.  Boaden concluded, “The future of radio relies on you staying close to the audience.  Despite how you feel about them sometimes, you can’t sack your audience, but your audience can sack you.”

Radiodays Europe features Elvis Duran as the conference keynote address today (3/16).  Duran and iHeartRadio‘s Dennis Clark will discuss how to create a successful morning show.  You can keep up-to-date on the conference by following #rde15 on Twitter.

This special report to TALKERS was filed by Larry Gifford.  He is a radio programming consultant and talent coach (www.larrygifford.com) and host of the Radio Stuff Podcast.  He can be emailed at larrygifford1@gmail.com.

dickeylewLew Dickey to Address SXSW Media Conference.  At the 2015 South by Southwest Music and Media Conference in Austin this Thursday (3/19), Cumulus Media president and CEO Lew Dickey will be featured on a panel discussion during which he’ll speak to attendees about how listeners and artists are benefiting from the integration of broadcast radio and music streaming services.  The panel will be moderated by digital news outlet Quartz’s John McDuling, along with fellow panelists Rdio CEO Anthony Bay and Glassnote Entertainment Group president/chief executive officer Daniel Glass. The panel, titled, “The Marriage of Radio & Online Listening,” will address the future for merged relationships between radio and online listening.

robinsondickBliss Family Robinson.  In this personality profile published today (3/16), TALKERS magazine managing editor and West Coast bureau chief Mike Kinosian presents the story of lifelong radio pro Dick Robinson – founder of the Connecticut School of Broadcasting.  From his beginnings at WARE in Ware, Massachusetts in the late 1950s, to his time at WDRC-AM & FM in Hartford, to the founding and building of CSB and beyond, Kinosian paints a colorful picture of this fascinating “radio guy” and the storied business he and his family have built and maintained.  Read the entire piece here.

Odds & Sods.  Concerning the conspicuous absence of college hoops legend John Thompson from Westwood One’s broadcast from the Big East Tournament last week, the syndicator reports he had corrective surgery for athompsonjohn benign twisted intestine and is home recovering well.  “Unfortunately, he is unable to travel extensively for the next few weeks, otherwise he would be in his favorite spot — courtside for March Madness.”…..New Hampshire Public Radio’s Virginia Prescott, host of “Word of Mouth,” is being recognized by the Alliance for Women in Media Foundation with a Gracie award in the category of Outstanding Host – Entertainment/Information category.

VOATLVO VIPs.  At the recent VO Atlanta voice-over conference, some of the nation’s top voice-over artists gathered.  Pictured here are (from l-r): Chris Corley, Randy Thomas, Mitch Faulkner and Jason Garte.  Thomas moderated a panel titled, “The History of Radio Imaging,” featuring Garte, president of The Mix Group and Mix Talent Management; Corley, a top promotional announcer and imaging voice; and Faulkner, imaging voiceover talent and founder of MLMI Creative Services Atlanta.