Tag: "Rick Radzik"

Tuesday, February 18, 2020

| February 18, 2020

Beasley Broadcast Group 2019 Q4 Net Revenue Dips 4.6%; Full Year Net Revenue Up 1.6%.  In reporting 2019 fourth quarter financial results, Beasley Broadcast Group states that “the $3.5 million, or 4.6%, year-over-year decrease in net revenue during the three months ended December 31, 2019 reflects the cyclical impact of strong political advertising revenue recorded in the prior year period, partially offset by fourth quarter 2019 revenue increases in six of the company’s market clusters.”  The decrease in operating income in Q4 reflects “the year-over-year decrease in station operating income, in addition to higher corporate expenses related to digital growth investments and a $12.4 million non-cash impairment charge related to Beasley’s AM stations in Boca Raton and Atlanta and a $1.3 million impairment loss on an investment, partially offset by a $17.1 million gain from land and tower sales during the period.”  Net revenue for all of 2019 was $261.1 million, an increase of 1.6% over 2018.  Beasley CEO Caroline Beasley says, “Fiscal year 2019 was an active and productive period for Beasley as we continued to make significant progress rolling out our digital expansion and transformation initiatives across the company, while advancing our revenue diversification strategies and actively managing our local radio platform to drive long-term SOI growth and margin expansion. Beasley’s fourth quarter net revenue decline of $3.5 million primarily reflects a $2.8 million reduction in political advertising revenue compared to the prior year period. While we were not able to fully offset the cyclical impact of political revenue, the fourth quarter radio advertising environment remained healthy with six of our markets generating year-over-year revenue increases.  By opportunistically divesting several non-core land and tower assets in 2019, Beasley generated a 31% increase in full year free cash flow over the prior year period, which enabled us to complete several strategic growth and diversification investments in our broadcast, digital, technology and esports platforms throughout the year.  Our fourth quarter results highlight the value we have begun extracting from our digital transformation strategy investments.  In the fourth quarter, Beasley generated digital revenue growth of approximately 44% on a year-over-year basis, with digital now accounting for 9.2% of total revenue, compared to 6.1% of total revenue in the prior year period.  With our focus on quality content production and consumer engagement, we are growing audience share across our digital platforms while delivering multi-platform turnkey marketing solutions to advertisers and brands. Overall, we are pleased with the momentum and trajectory of our digital initiatives and look forward to this growth trend continuing in 2020.”

Jim Louth Rises to APD at Boston’s ‘98.5 The Sports Hub.’ Eleven-year station programming staffer Jim Louth is promoted from midday show executive producer to assistant program director at Beasley Media Group’s sports talker WBZ-FM, Boston “98.5 The Sports Hub.”  During his career, Louth produced New England Patriots broadcasts for 16 seasons, spent six years as a producer at sports talk WSKO-AM, Providence “790 The Score,” and two years at ESPN in Bristol.  The APD position opened after Rick Radzik was promoted to program director following Mike Thomas’ departure for WMVP-AM, Chicago “ESPN 1000.”  Radzik says, “Jim has been with the station since day one.  He’s done a great job, not only producing our midday programming, but also overseeing our New England Patriots game day broadcasts over the past decade.  His institutional knowledge of the Sports Hub’s operation and relationships with the staff make Jim the perfect choice for the APD position.”

TALKERS News Notes. A new report from marketing firm Claritas and sales force Market Enginuity concludes that “podcast advertising campaigns result in an average 10 times lift relative to print, digital, and TV.”  The white paper reports that “new marketing tools are allowing advertisers and marketers to gain deeper insights into the effectiveness of podcast channels.  In November 2018, Claritas acquired the omni-channel attribution platform Barometric and has since collected and reported on campaign results across more than 100 advertisers, which drove a deeper analysis in the channel’s effectiveness as compared to non-podcast channels.  This analysis, across industries such as consumer packaged goods, automotive, direct brands, finance and insurance, shows that while non-podcast channels historically result in a 2.6% lift in conversions – with common channels such as digital display at 1.1% lift, print at 2.4% and linear TV at 3.1% – podcast channels are driving 34% lift on average.”  See more here…..Cadence13 announces an exclusive partnership with The Dolan Twins – brothers Ethan and Grayson Dolan – for the launch of their first-ever podcast, “Deeper with The Dolan Twins.”  The Dolan Twins have a combined following of over fifty million followers across all platforms, have won five Teen Choice Awards in three years, and earned a spot on Time magazine’s list of Most Influential Teens.  The weekly podcast debuts on Tuesday, February 25…..Cumulus Media’s Westwood One News has once again won the Golden Mike Award from the Southern California Radio Television News Association.  Pictured at right is Los Angeles-based correspondent Jim Roope, who traveled to Normandy for the 75th anniversary of the D-Day invasion.  This is the fifth consecutive year that Westwood One News and Roope have won the Golden Mike award.

Presidential Race, Covid-19 Pandemic/Locust Plague, DOJ Contoversy, Boy Scouts File for Bankruptcy, and U.S. vs Huawei Among Top News/Talk Stories Yesterday (2/17). The Democrats battling to take on President Trump in November and tomorrow night’s debate in Las Vegas; the coronavirus pandemic and the locust plague that affected East Africa moves to China; the controversy over Attorney General William Barr’s administration of the Justice Department and accusations it’s reducing Roger Stone’s sentencing recommendation under pressure from President Trump; under financial pressure from sex abuse lawsuits, the Boy Scouts of America files for bankruptcy; and the U.S.’s battle against China’s Huawei over its 5G platform were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Girls Night Out.  A great conversation between longtime radio pals took place along the waterway in Palm Beach Gardens, Florida as Compass Media Networks senior director of news/talk affiliate sales Susan O’Connell visited TALKERS South during her travels through the Sunshine State.  Pictured (l-r): Former ABC Radio Networks executive Gloria Briggs, O’ Connell, TALKERS publisher Michael Harrison, and author/professor, Bernadette Duncan.

Music Radio News and Career Moves. Detroit’s “Mojo in the Morning” show is celebrating its 20th anniversary at iHeartMedia’s WKQI “Channel 955” with a special broadcast on Friday (2/21). The program, hosted by Mojo and Spike with co-host Shannon, will be broadcast live on WKQI as well as sister stations WSNX, Muskegon, Michigan and WVKS-FM, Toledo “92.5 KISS-FM.”  Also appearing on the special broadcast will be original cast members Sara Fouracre, Chad Mitchell, and Eric Harthen.  iHeartMedia Detroit SVP of programming Tony Travatto says, “‘Mojo in the Morning’ is the Mount Rushmore of Detroit radio.  The talented cast and show are continually striving to do bigger and better things than before and have evolved over the years to connect even more with the Detroit community.  ‘Mojo in the Morning’ is one of the most accessible, cutting-edge, and successful shows in Detroit and we’re honored to have it on our program lineup.”

Friday, December 13, 2019

| December 13, 2019

Report: Liberty Media Seeks Control or Ownership of iHeartMedia.  According to a report in The Wall Street Journal, Liberty Media is asking the Department of Justice for permission to up its stake in iHeartMedia.  Currently, Liberty owns 4.8% of iHM.  The WSJ’s sources say the deal that Liberty is seeking permission for would give it control or “outright ownership.”  One source says Liberty has not decided “what kind of transaction, if any, it would proceed with should it receive permission.”  Liberty Media currently owns 33% of Live Nation – the concert business that then-Clear Channel spun off in 2005 – and 71% of SiriusXM Holdings.  The WSJ piece notes that Justice Department officials are asking “interested parties” how they’d be affected by a major live events business and a leading radio company being co-owned.

Radzik to Program ’98.5 The Sports Hub’ in Boston. At Boston sports talker WBZ-FM “98.5 The Sports Hub,” Rick Radzik is named the station’s new program director, effective immediately.  Beasley Media Group announces Radzik is assuming the role being vacated by Mike Thomas, who heads to Chicago to become market manager for the ESPN-owned and Good Karma-managed WMVP “ESPN 1000.”  Radzik has been the station’s assistant program director since the station signed on in August of 2009.  Prior to that, he’d served for 15 years as a producer at all-news WBZ-AM, overseeing Boston Bruins broadcasts.  He began his career at crosstown WEEI-AM (when it was a news station) producing the Bruins and Boston Celtics broadcasts, as well as various talk shows.  Beasley Media Group Boston director of programming Cadillac Jack says, “Rick has been a key member of the ‘Sports Hub’ programming team since the station’s inception.  The knowledge he has amassed over the past decade, coupled with his relationships and passion for continuing our winning history, make him uniquely qualified to lead the ‘Sports Hub’ into the 2020s and beyond!”

NOW POSTED:  New Installment of “The Michael Harrison Wrap: An Overview of the National Conversation.”   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 on the website of its flagship station, iHeartMedia’s WONK-FM, Washington, DC (12/13).  The new episode titled “Meddling and Muddling!” reviews the week of December 9-13, 2019 and features guests (in order of appearance): Kevin Casey, executive editor, TALKERS;  Sebastian Gorka, talk show host, Salem Radio Network; Harry Hurley, talk show host, WPG, Atlantic City;  Joan Michelson; Executive producer/host, GreenConnectionsRadio.com; Bob Lonsberry, talk show host, WHAM, Rochester/WSYR, Syracuse; Doug Stephan, talk show host, Stephan Multimedia; and Scott James Matheson, Mayor-elect, Valdosta, Georgia. This acclaimed news/talk radio show first airs each week on WONK-FM, Washington, DC on Friday evenings between 6:00-7:00 pm. It then airs throughout the weekend on WRKO, Boston; KSCO, Santa Cruz, CA; WVOX, Westchester, NY; KBDT, Dallas; KQSP, Minneapolis; KBKW, Aberdeen, WA; the Virginia Talk Radio Network and Pioneer Valley Radio in Springfield, MA. It also appears on the iHeartRadio App.  To listen to this week’s episode (and the program’s complete archives), please click here.  To view the latest TALKERS magazine topic research, please click here.

‘Cats Roundtable’ Show Joins ‘Florida Man Radio.’ The weekly “Cats Roundtable” show hosted by Red Apple Group president and CEO John Catsimatidis is being added to the program schedule at JVC Media’s WDYZ-AM/W288CJ, Orlando and WYGC-FM, High Springs (Gainesville market) “Florida Man Radio.”  Catsimatidis’ company Red Apple Media recently entered into a deal to acquire venerable WABC-AM, New York from Cumulus Media for $12.5 million.  That deal has not closed yet.  JVC president and CEO John Caracciolo says, “‘The Cats Roundtable’ radio show is perfect for ‘Florida Man Radio.’  John’s unique take on the news and his A-list celebrity interviews are fascinating conversations that keep listeners coming back for more.  We have been very successful with his show on our Long Island station and know this is a great fit for our growing ‘Florida Man Radio’ network.”

The Trump Impeachment Proceedings Top News/Talk Story for Week of December 9-13. The articles of impeachment against President Trump were the most-talked-about story on news/talk radio during the week, landing in the top spot on the Talkers TenTM.  Tied at #2 this week was Russia’s meddling in the U.S. elections and the inspector general’s report on the FBI’s surveillance practices.  At #3 was Time magazine’s selection of Greta Thunberg as Person of the Year and the greater topic of climate change, followed by the deadly Jersey City shooting and the rise of anti-Semitism at #4.  The Talkers TenTM is a weekly chart of the top stories and people discussed on news/talk radio this week and is the result of ongoing research from TALKERS magazine.  It is published every Friday at Talkers.com.  See this week’s entire chart here.

TALKERS News Notes. The WGBH, Boston and PRI-produced program “Innovation Hub” takes a look at the rise of conservative talk radio and its influence on the America political scene on its most recent episode.  Joining host Kara Miller is author and University of Pennsylvania scholar-in-residence Brian Rosenwald.  His book, Talk Radio’s America: How an Industry Took Over a Political Party That Took Over the United States (2019, Harvard University Press) examines the theory.  The teaser of the radio show says, “When Rush Limbaugh’s conservative talk radio program began in Sacramento in the 1980s, no one could have guessed that he would not only reinvigorate AM radio but also create a new format that would help remold the American political landscape.”  Check out the program here…..The WFAN watch continues as Newsday’s Neil Best writes that the odds-on replacement for Mike Francesa in afternoon drive on the Entercom sports talk station is midday team Evan Roberts and Joe Benigno.  He also says that Maggie Gray and Mark Malusis are “favorites” to serve as the midday personalities.  Francesa left his regular full-time role with the station a couple of weeks ago but will contribute to The Fan’s on-air content with a nightly, half-hour show at 6:00 pm.  WFAN has made no announcements about its plans for the station as of today (12/13)…..Chicago media maven Robert Feder writes today about longtime Chicago radio personality Turi Ryder’s new podcast that takes its name from her fictionalized memoir, She Said What?  Ryder co-hosts the show with Kathryn Lake and she tells Feder she’ll drop two podcasts each week, no longer than 15 minutes in length.  You can check it out here…..Condolences to the family and friends of longtime radio journalist Pete Combs, who died in Atlanta after a three-month battle with lung cancer at age 61.  Combs had been working at Cox Media Group’s WSB-AM/WSBB-FM, Atlanta since May of 2018.  He previously worked for WSB from 2006 through 2015 but left for KOMO-AM, Seattle before returning last year.  During his career, he worked at stations including: WGST-AM, Atlanta; KRLD-AM and the Texas State Network, Dallas; USA Radio News, Dallas; WINK-AM Fort Myers; and WBT-AM, Charlotte.  He also reported for TV station in Charlotte and Tulsa during the early 1990s.  See the rest of WSB’s tribute to Combs here.

Music Radio News and Career Moves. Sales pro Dawn Girocco is named director of sales for Cumulus Media’s country KSCS “New Country 96.3,” country KPLX “99.5 The Wolf,” and CHR KLIF-FM “Hot 93.3” in Dallas.  She was most recently vice president/market manager for Cumulus Los Angeles.  Cumulus Dallas/Houston RVP Dan Bennett comments, “Being able to get someone of Dawn Girocco’s experience and success back in our company to join our Dallas team as a key sales management leader is a great plus for Dallas and our company.  Dawn’s past success in Los Angeles speaks for itself and we can’t wait for her to get started here in Texas.”…..Alpha Media promotes Danny Dwyer to assistant program director for country KUPL, Portland “98.7 The Bull” and inks him to a new, multi-year deal.  Dwyer will continue to host the midday show and continue his role as music director.  Alpha Portland SVP and market manager Lisa Decker states, “The energy and dedication Danny brings on and off the air to our ‘Bull Nation’ listeners, musicans, artists, labels, advertisers’ and community partners are an incredible asset to our station.  His leadership with station events and promotions including our St. Jude Radiothon and Countryfest concert are irreplaceable.”…..Seven-time GRAMMY Award-winning singer/songwriter Alanis Morissette, who is planning a 31-date North American tour next year, performed a special acoustic set of the album Jagged Little Pill in its entirety on December 2 at New York’s legendary The Apollo.  That show will be broadcast exclusively on SiriusXM today (12/13) through December 22…..Air personality Brittany Rose joins Townsquare Media’s CHR WJBQ, Portland as co-host alongside Lori Voornas and Jeff Parsons on the “Q Morning Show,” effective January 2.   She was most recently with Townsquare Media’s WEBB-FM, Augusta “B98.5.”…..Cumulus Media’s alternative WWWX, Appleton, Wisconsin “96.9 The Fox” announces the nationally syndicated “The Dave and Mahoney Morning Show” takes over the morning slot, effective Monday (12/16).

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