Tag: "Q2 revenue"
Cumulus Q2 Revenue Dips; Major Market News/Talkers Singled Out. Cumulus Media’s revenue shot up more than 350% due to the inclusion of the former Citadel stations and the former Cumulus Media Partners properties it folded into its portfolio, but on a pro forma basis, revenue for the company was down 1.7%. During yesterday’s conference call, CEO Lew Dickey indicated 10 stations in the top 10 markets – many of them news/talk outlets were responsible for the company’s loss with three stations in particular accounting for $5.5 million of a $10 million revenue loss. He said if those stations had been kept out of the equation the company would have seen revenue go up 2%. Dickey promised the company is working on fixing those stations but cautioned it would take time – as much as four more quarters. If the ultimate goal is to get other companies’ syndication properties off those major market news/talkers – and those fees can be very high – and replace them with Cumulus Media Networks shows to, a) cut the cost of the programming to those stations and, b) reap a much greater percentage of revenue from those shows, expect to see some lineup changes at those major market news/talkers over the next 12 months.
Lew Dickey Stands Behind Mike Huckabee. Questions about the performance of former Arkansas Governor Mike Huckabee in syndication via Cumulus Media Networks were expected by analysts on yesterday’s conference call and when they were asked, Dickey strongly defended Huckabee – whose national program debuted in March – saying his team is doing an excellent job clearing the show and compares the venture to a “marathon.” Dickey also said the company intends to sign more talent in the near future. He told analysts that a lot of companies are locked in to current contracts with other syndicated programming so rolling out Huckabee (and Geraldo Rivera) will take time but, so far, he’s pleased with the results.
Herman Cain Takes to the Road on Fall “Truth Tour.” Former presidential candidate Herman Cain – and heir to the nationally syndicated Neal Boortz show when Neal hangs up his headphones in January – will take to the road beginning September 5 in Iowa City for what he’s calling “The Truth Tour.” It’s sponsored by Job Creators Solutions – an organization founded by Cain and Home Depot co-founder Bernie Marcus. The tour is billed as “an aggressive 30-day, 30-city schedule of events that aims to provide Americans with facts, information and resources to help them in their decision making process before hitting the polls in November.” Cain says, “Bernie Marcus and I both know first-hand how important it is to have the facts when making business decisions. We also know it’s just as important for Americans to have the facts when making decisions that will impact our communities, businesses and our nation. This is why I’m proud to join forces with Bernie for ‘The Truth Tour.’” Herman Cain will begin his nationally syndicated radio show on January 21, 2013 – Inauguration Day – and will be a regular guest on the Neal Boortz show on Mondays and Fridays at 10:35 am ET and is his primary fill-in host.
WSCR and WBBM, Chicago Host “Business of Sports: Life After the Game.” CBS Radio sports talk WSCR and all-news WBBM are hosting the Comcast Business Class Newsmakers “Business of Sports: Life after the Game” panel sponsored by MB Financial on Thursday, September 20, at the House of Blues in downtown Chicago. CBS Radio says the event will consist of the biggest names in Chicago sports, discussing their success in the business world after playing. Panelists will include: multi-sport star Bo Jackson, Chicago football great Gary Fencik, and “Miracle on Ice” star and former professional hockey player, Jack O’Callahan with more to be added. The event will be hosted by 670 The Score’s morning drive team Mike Mulligan and Brian Hanley (pictured here). WSCR program director Mitch Rosen says, “We are looking forward to hosting what will be an all-star event. I think the Chicagoland consumer, specifically people interested in sports business, will enjoy the all-star panel we have put together. With Bo Jackson headlining this event, it will be a great opportunity to hear his business ideas and philosophies. Bo is one of the greatest stories in the sports industry and has numerous accomplishments as a two-sport professional athlete. For sports fans and business people alike, this will be a can’t-miss event.”
Media Matters Gets into the Talk Radio Game. The anti-conservative media organization Media Matters for America is hitching its wagon to a new talk show on the SiriusXM Left channel called “The Agenda Powered by Media Matters.” The daily show is being hosted by Media Matters senior advisor and Fox News critic Ari Rabin-Havt and debuts Monday, August 13 from 9:00 pm to 12:00 midnight ET. SiriusXM promotes the show saying, “Ari Rabin-Havt will lead the daily conversation of young influential progressive political insiders reviewing the day’s events and setting the tone for the next days’ news cycle. ‘The Agenda Powered by Media Matters’ will be a first-of-its-kind on-air meeting place where the new influencers of the progressive movement discuss the news of tomorrow in an informal setting that looks to inform, entertain, and engage.”
WBRP, Baton Rouge Names Clarence Buggs Midday Host. Guaranty Broadcasting’s WBRP, Baton Rouge adds talk show host Clarence Buggs to the lineup as host of the 11:00 am to 1:00 pm program. Buggs had worked in the market at Clear Channel’s crosstown WJBO. Guaranty market manager Gordy Rush states, “We are thrilled about the addition of Clarence to our team. We remain committed to being the news/talk leader in the Baton Rouge community with more live and local shows on Talk 107.3 FM than any other station in the greater Baton Rouge market.”
TALKERS Weekly Affiliate Roundup. WAYY, Eau Claire, Wisconsin adds the third hour of WYD Media’s Michael Smerconish show…..WYM Media’s “Ring of Fire” with Mike Papantonio and Robert F. Kennedy, Jr. is added to the program schedule at WWRL, New York and WKKX, Wheeling…..“Free Talk Live” featuring Ian Freeman and Mark Edge is added to the program schedule at WNRI, Woonsocket, Rhode Island and KBJT, Fordyce, Arkansas…..WVKO, Columbus, Ohio adds the “Best of Bill Press” to its weekend schedule…..The “Motley Fool Money” show with Chris Hill adds WKBK-AM/FM, Keene, New Hampshire…..“The Money Pit Home Improvement Show” is picked up by: WRHL, Rochelle, Illinois; WFHR, Wisconsin Rapids, Wisconsin; WKUL, Cullman, Alabama; and WDIS, Norfolk, Massachusetts.
Presidential Campaign Ads Controversy Top News/Talk Story for Week of August 6-10. The most-talked-about story on news/talk radio this week broke out from last week’s general discussion about the presidential campaign and the specific story of the controversial ads being run by organizations backing President Obama was the top story this week on the Talkers TenTM. At #2 was the tepid economic data. Following at #3 was neo-Nazi hate groups and the aftermath of the Sikh temple killings. Coming in at #4 was the London Olympics. The Talkers TenTM is a weekly chart of the top stories and people discussed on news/talk radio during the week, according to ongoing research from TALKERS and is published every Friday at Talkers.com. View this week’s entire chart here.
New Sports Radio Network Entrant NBC Announces First Round of Talent Hires. The venture between NBC Sports and Dial Global that debuts September 4 – NBC Sports Radio Network – is beginning with an evening sports talk show hosted by Erik Kuselias (airing 7:00 pm to 10:00 pm ET). The morning drive sports updates from the network will be delivered by Jon Stashower. Kuselias has been working with NBC on its cable sports network. He’s worked for the Golf Channel as well as ESPN. Stashower has also worked at ESPN. Expect some more talent announcements prior to the network’s post-Labor Day debut.
Dead Air: A Dynamic Reminder for Talk Show Hosts. Vocal dynamics is not a discipline that is really taught to broadcasters anymore. With more and more talk talent coming to the medium from outside the traditional communications schools, talent who use the dynamics of their voices effectively are becoming rare. WFAN, New York talk host Richard Neer offers some suggestions about employing these techniques and the reasons why they are still valid for today’s broadcasters. Read Richard’s piece here.
Salem Communications Posts Q2 Revenue Increase of 3.9%; Broadcast Up 2.1%. That’s the good news for Salem. On the downside, operating income for the entire company dropped 61.1% and the company realized a net loss of $1.8 million or $0.07 net loss per share. Though the broadcast division revenue was up 2.1%, station operating income decreased 3.1%. Internet is still the big winner for Salem with Q2 revenue up 16.6% and operating income up 42.8%.
Federated Media Joins iHeartRadio. Indiana-based Federated Media adds its 17 radio stations to the iHeartRadio digital platform owned and operated by Clear Channel Media and Entertainment. Federated Media’s markets include Fort Wayne, South Bend and Elkhart-Goshen, Indiana. Stations now heard on the platform include heritage news/talk WOWO-AM/FM, Fort Wayne. Federated Media chief strategy officer James Derby says, “We’re very excited to partner with iHeartRadio. We want to offer our customers and clients both terrestrial and digital listening experiences. It’s important that we partner with those that are open to shared content and opportunities. iHeartRadio is very popular in our local markets and we’re happy to now be a part of it.”
TuneIn Announces New Funding; Increase in Monthly Active Listener Stats. Digital audio service TuneIn reports it has just acquired new sources of funding led by General Catalyst Partners with participation from Jafco Ventures, Google Ventures and existing business partner Sequoia Capital totaling $16 million. TuneIn will use the new funding to scale the company’s technical and business operations worldwide. At the same time, the company reports its monthly active listeners figure has increased to 40 million. TuneIn CEO John Donham says, “Our mission is to deliver the best listening experience possible, and it is so meaningful to us that 40 million people have chosen to listen to the world – every month – through TuneIn. This investment will help us fulfill our mission while increasing our headcount and growing our product development and marketing initiatives.” TuneIn says its service is available anywhere there is an internet signal and offers 70,000 stations and two million on-demand programs.
AdLarge Media Becomes Sales Rep for Gow-Operated Yahoo! Sports Radio. Houston-based Gow Broadcasting operates Yahoo! Sports Radio and the company announces it enters into an agreement with AdLarge Media for the latter to sell national advertising for Yahoo!’s radio, streamed audio and mobile platforms. AdLarge Media CEO Gary Schonfeld states, “Yahoo! Sports Radio has a highly respected lineup of sports journalists and commentators, including Tim Brando, Dan Wetzel, Pat Forde, Steve Czaban, and more. Yahoosports.com is the number one sports website on the internet. With that as our base, Yahoo! Sports Radio delivers insights and reports from sports experts that fans relish, creating an engaging environment for advertisers to reach an extremely passionate audience.”
Odds & Sods. Texas-based Clear Channel talk host (KTRH and WOAI) Joe “Pags” Pagliarulo fills in for Premiere Networks star Glenn Beck on his radio show today and Friday…..ESPN Radio now offers an app for smartphones using the Windows Phone platform and is available in the Windows Marketplace. ESPN reports its app is now available on all three major smartphone operating systems…..SiriusXM is broadcasting coverage of the 2012 PGA Championship beginning this Thursday from the Kiawah Island Golf Resort in South Carolina.
Presidential Race, Wisconsin Sikh Shooting, London Olympics, and Mars Landing Among Top News/Talk Stories Yesterday (8/6). The campaign for president in the 2012 elections; the fatal shootings at a Sikh temple in Wisconsin; the 2012 London Olympics; and the landing of the rover on Mars were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS.