Tag: "Securities Exchange Commission"
Thursday, January 7, 2021
Radio News Organizations Spring into Action to Cover Capitol Riot. Numerous news organizations were already on hand in Washington, DC on Wednesday to cover the certification of the 2020 election results and they quickly shifted gears as hundreds of Donald Trump supporters turned from protesting to rioting as they stormed the U.S. Capitol, overwhelming the unprepared Capitol police. Salem Radio Network VP/news & talk programming Tom Tradup says that Salem Radio Network News and TOWNHALL News produced two extended, 15-minute special reports titled “Chaos At The Capitol” to provide their O&O stations and all affiliates the latest breaking news from Congress, even as the lockdown continued following security
breaches earlier in the day. Tradup says White House correspondent Greg Clugston anchored the reports with updates from U.S. Senate correspondent Bob Agnew and U.S. House correspondent Bernie Bennett. Though both Agnew and Bennett were inside the Capitol when the breach happened, they were removed from their usual broadcast desks but were able to file their reports and update listeners using their cell phones. ABC News Radio offered breaking news coverage to affiliates as the invasion of the Capitol was taking place but also produced the special program “Chaos at the Capitol” that aired in the 7:00 pm ET hour anchored by Aaron Katersky with assistance from correspondents.
Townquare Media Completes $550 Million Senior Secured Note Offering. On Wednesday (1/6), Townsquare Media filed a report with the Securities Exchange Commission announcing that is has completed the sale of $550 million aggregate principal amount of its 6.875% senior secured notes due 2026 that it announced in December. Townsquare says that it used a portion of the net proceeds from the New Notes Offering to repay debt accrued under its term loan facility provided under the Existing Credit Agreement. The company also intends to use a portion of the net proceeds from the New Notes Offering, together with cash on hand, to redeem all of the Company’s outstanding 6.500% senior notes due 2023 on January 14, 2021, and to pay the premium, fees and related expenses. The New Notes bear interest at a rate of 6.875% and mature on February 1, 2026. Interest is payable on the New Notes semi-annually in cash in arrears on February 1 and August 1 of each year, commencing on August 1, 2021. Townsquare used a portion of the net proceeds from the New Notes Offering to repay borrowings under its term loan facility provided under the Company’s existing credit agreement, dated April 1, 2015. It also terminated its revolving credit facility under the Existing Credit Agreement and all other obligations thereunder were repaid effective January 6, 2021.
Save Time and Money in Public Affairs Programming. One of the requirements the FCC makes of radio stations is that they address “local issues and local problems” in order to serve the public. How stations do that is required to be part of their quarterly reports filed with the Commission. Shel Lustig, president of MediaTracks Communications, says that syndicated public affairs programming not only saves money but also saves time by including the quarterly reports the FCC requires. His company has been producing and syndicating award-winning public affairs radio programs for more than 30 years, with more than 1,200 affiliate radio stations across the country. He has more to say about the use of syndicated public affairs programs and you can read it here.
Radio’s Bob Lawrence Announces Retirement. Radio pro Bob Lawrence announces he is retiring from Revenue Development Resources after a 54-year career in the broadcasting industry. During that time, he’s been an air-talent, program director, and general manager. He served with the Radio Advertising Bureau for 14 years and spent the past six years with Revenue Development Resources. RDR president Mark Levy says, “I have had the great privilege of working with Bob Lawrence for 13 years, first at the RAB and then with RDR. During that time, he amazed me with his energy and the respect so many people in the industry had and continue to have for him. But even more than that, he never stopped learning, and he never was anything but nice to people. I know that last part is often brushed over, but it is truly something that made Bob stand out from so many others in this business. He’s been a cheerleader, a sounding board and a sage for so many people…the industry is certainly going to miss him!”
TALKERS News Notes. WGN-AM, Chicago is debuting “Blackhawks Live” on Monday (1/11). The hour-long program will air at 7:00 pm hosted by Chris Boden and Nick Gismondi. WGN sports director Dave Eanet says, “This is going to be a must-listen for Blackhawks fans. WGN listeners already know Chris and his knowledge of the Blackhawks, and we’re thrilled to welcome Nick and his Hawks expertise. Together they’ll deliver an insider perspective on everything from the players to the games.”…..Entercom announces that its campaign to raise funds for those without enough to eat raised more than $1.1 million – including a record-breaking
one-day toll of $358,250 – as a part of the 35th annual Hungerthon campaign. Entercom’s New York stations – including sports talk WFAN and all-news WINS and WCBS-AM – partnered with WhyHunger for the campaign. Entercom New York SVP and market manager Chris Oliviero says, “This year has presented all of us with unprecedented adversity and forced us to reflect on what’s important. Like we’ve proven time and time again, our ability to support one another in times of struggle is one of our greatest attributes as New Yorkers, and we are proud of our colleagues and listeners for coming together for our neighbors in need. As we’ve done since its launch, we are once again honored to support WhyHunger’s annual Hungerthon and the selfless mission to end hunger.”…..SiriusXM announced today it has signed a new agreement to become the exclusive audio broadcaster of the Masters Tournament. For the 2021 Tournament, scheduled for April 5-11, SiriusXM will produce and present live play-by-play broadcasts all four days of Tournament play from Augusta National Golf Club in Augusta, Georgia…..WNYC Studios’ podcast “Death, Sex & Money” announces the launch of “Getting Real About Getting Older,” a special episode and live radio program “to create space to talk about aging – because we don’t talk about it enough in our society, and when we do, we don’t often do it well.” WNYC Studios says, “The project was inspired by a listener’s feedback that DSM host Anna Sale (who is 40) didn’t seem to understand aging. It was a comment that came in last year, at a time during which the value of people of a certain age was being challenged and questioned at every turn – from callousness surrounding seniors dying from COVID, to questions
about Joe Biden’s competency for the job of president based on his age.”…..Nashville Public Radio’s WPLN News hires Paige Pfleger as the newsroom’s first arts, culture & music reporter. WPLN news director Emily Siner says, “Having this beat in our newsroom will allow us to give Nashville
and Middle Tennessee’s arts and music community the coverage it deserves. Paige has the reporting and storytelling chops to show how the arts are a lens to understand broader civic and cultural issues.”…..GCN-syndicated talk radio host Dr. Daliah Wachs picks up new affiliate stations KBFI, Bonners Ferry and KSPT, Sand Point – both in Idaho – plus iHeartMedia’s WONK-FM, Washington, DC as they add her show to their program schedules.
Trump Supporters Storm Capitol, Congress Certifies Biden Victory, Democrats Win Georgia Runoffs/Dems to Control Senate, and COVID-19 Stats & Vaccines Among Top News/Talk Stories Yesterday (1/6). Supporters of Donald Trump storm the U.S. Capitol disrupting the certification of Joe Biden’s victory; Congress reconvenes in the evening to certify Biden’s election victory; Democrats Raphael Warnock and Jon Ossoff defeat their Republican opponents in Georgia’s runoff elections, giving Democrats slim control of the U.S. Senate; and the fast-rising number of COVID-19 cases in the U.S. and the rollout of vaccines were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.
Monday, October 19, 2020
Monday Memo: Round-Off Teases. Even just-a-few more minutes, from just-a-few loyal listeners can move the ratings needle. In this week’s column, consultant Holland Cooke has a simple tip. Read it here.
The Presidential Race/Early Voting, COVID-19 Stats & Projections/Vaccine, Hunter Biden Laptop Case, Stimulus Deal, Social Media ‘Censorship,’ The Economy/Financial Markets Activity, and Sports During COVID Among Top News/Talk Stories Over the Weekend. The November presidential election and the current early voting taking place; the rise in COVID-19 cases around the world and in the U.S., projections for fall-winter outbreaks, and the push for an effective vaccine; Donald Trump attorney Rudy Giuliani teases more to come from Hunter Biden laptop trove; the negotiations over a new COVID stimulus package; complaints from conservative media figures about being censored by Twitter and Facebook; the state of the U.S. economy and the uncertain financial markets activity; and the functioning of U.S. pro sports leagues amidst the pandemic were some of the most-talked-about stories on news/talk radio over the weekend, according to ongoing research from TALKERS magazine.
Pending Business: No Such Thing As a Born Salesman. Poll a bunch of radio sales pros and you’ll probably find most agree that successful salespeople are “born salesmen.” Well, sales and marketing consultant Steve Lapa, president of Lapcom Communications, says that’s not true. He says, “Professional selling is a series of learned skills.” He adds that because of that, the most successful sellers and managers are constantly working to improve their learned skills. Read his column here.
KDKA-AM, Pittsburgh Officially Cuts Ties with Wendy Bell. According to a story in the Pittsburgh Post-Gazette, Entercom’s news/talk KDKA-AM, Pittsburgh and talk show host Wendy Bell have mutually agreed to go their separate ways. This move came Friday, about six weeks after Bell was taken off the air by management for suggesting that park rangers should shoot on sight anyone seen vandalizing a public monument. The show segment in question was posted
to Bell’s Facebook page in which she states, “My easy solution for the park rangers and hopefully snipers who are going to be watching for this is to shoot on sight. Shoot, done. No more messing with monuments. You want to mess with a monument? Done, get out.” Bell posted a Facebook video on Friday in which she is heard conversing with her husband and laments “being fired for sharing conservative values.” Bell had worked for CBS’ KDKA-TV for 18 years but was fired in 2016 over comments that the station deemed racist.
Charlie Kirk Latest SRN Personality to Have Twitter Account Locked. Although his Twitter account is active now, Salem Radio Network host and Turning Point USA founder Charlie Kirk had his account locked on Sunday (10/18) after he posted a tweet based on a report published by ProPublica stating that the state of Pennsylvania had rejected 370,000 ballots. His actual tweet stated: “Pennsylvania has just rejected 372,000 mail-in ballots. One voter was said to have submitted 11 duplicate ballots. Pennsylvania might be the key to winning the White House. What’s going on?” However, the story actually said that 370,000 ballot requests had been rejected and that one voter had rejected 11 duplicate requests. Salem Radio Network VP/news & talk programming Tom Tradup says, “Charlie Kirk and Sebastian Gorka are in good company since Twitter also locked President Trump’s official campaign account last week. But these attempts by Big Tech to muzzle the free and open exchange of ideas and opinions two weeks before the election are what has prompted the U.S. Senate to subpoena Twitter CEO Jack Dorsey this week to explain why he apparently feels it is okay to keep vital information from the American people.”
KDKA-AM, Pittsburgh Celebrates 100 Years; Adds FM Signal. Legendary news/talk outlet KDKA-AM, Pittsburgh is celebrating 100 years of service as “the authoritative news and talk voice of Pittsburgh.” In commemoration of the station’s centennial anniversary, the Entercom station will simulcast on FM for the first time ever and be heard on 100.1 FM (W261AX) as “100.1 FM and 1020 AM KDKA,” effective November 2. Entercom Pittsburgh SVP and market manager Michael Spacciapolli says, “KDKA Radio is part of the radio history books not just here in Pittsburgh, but on a national level. What started back in 1920 as an opportunity to instantaneously provide news and information about the presidential election returns has blossomed into a key part of our listeners’ lives. After serving Pittsburghers on our AM dial for the last 100 years, we are thrilled to expand the reach of historic KDKA on FM. It’s an honor to be part of the team carrying the torch from those before us into the next 100 years.” On October 27, 1920, the Department of Commerce issued the first commercial radio station license under the call sign KDKA. The station launched on November 2, 1920 when Frank Conrad, an engineer at Westinghouse Electric and Manufacturing Company, started 8ZZ and broadcast the results of the presidential election returns between Warren G. Harding and James Cox. The station’s yearlong centennial celebration has also included various original sound, historical soundbites and a special weekly program every Wednesday.
TALKERS News Notes. TALKERS magazine has learned that Paul Rotella, president of the New Jersey Broadcasters Association, has been hospitalized for almost two weeks with a severe case of spinal meningitis brought on by an infection. It required he undergo delicate heart valve surgery. After several touch-and-go days in a coma, family sources indicate that the surgery and treatment are showing signs of being successful and Rotella has turned the corner toward recovery. TALKERS founder Michael Harrison states, “Our prayers go out to the Rotella family and all his many friends in the New Jersey broadcasting community and beyond who recognize Paul as one of the medium’s most
dedicated advocates and all around wonderful human beings. We wish him a speedy recovery.”…..WABC, New York talk radio host Curtis Sliwa is planning to run for mayor of New York City and he wants to make the pigeon the city’s official bird. Seen at left wearing his pigeon gaiter, Sliwa tells TALKERS he now has hundreds of pigeons that follow him from his apartment on the Upper West Side to WABC’s studios on the Upper East Side. “They wait for me until I finish my broadcast and leave. Then they follow me. The other hosts like Bernie and Sid are upset because dozens of birds flock to the windows and streets around the WABC studios awaiting my arrival. People think that I’ve lost it because I stop and talk to them. Hey, I’m a talk radio show host. I get paid to talk.” See a YouTube video of Sliwa talking to his followers here…..WSB-TV, Atlanta is reporting that federal agents are investigating the disappearance of financial adviser Chris Burns who vanished a day before he was expected to turn over documents related to an undisclosed Securities Exchange Commission investigation. Burns had brokered time from Cox Media Group’s WSB-AM, Atlanta. Burns has not been charged
with a crime, but one investor tells WSB-TV that she’s accepted that her money is probably gone. The piece also states Burns’ wife is cooperating with authorities…..Cumulus Media’s KABC, Los Angeles adds Starnes Media Group’s “All-American Radio with Jennifer Kerns” to air Sundays at 7:00 pm. The program is based at KWAM, Memphis…..GCN nationally syndicated talk radio host Dr. Daliah Wachs launched the Change.org petition to end the back-and-forth
between Daylight Saving and Standard time because of the multiple health risks that have been cited in scientific literature during the “spring forward,” including car accidents, heart attacks and workplace injuries. Pre-existing legislation has stalled in Congress but Wachs tells TALKERS that the petition has gone viral, exploding in the last few days to garner over 194,000 signatures and rising. Its goal is to alert Congress to listen to the needs of individual states and their requests to end biannual time changes…..Pictured below are (from l-r): Lou Turco, president of the Lieutenant’s Benevolent Association; Vince Vallelong of the Sargent’s Benevolent Association; Margo and John Catsimatidis, owners of Red Apple Media and WABC, New York; and Pat Lynch, NYPD PDA Union President. They posed for the pic after taking part in TALKRADIO 77 WABC and Ramsey Mazda’s “Back the Blue Program” on Friday (10/16) in which that station asked New Yorkers to tie a blue ribbon around trees to show their support for police officers across the New York Metro area. 77WABC has already received almost 500 requests for ribbons.
SiriusXM Closes on $325 Million Acquisition of Stitcher. Back in July Sirius XM Holdings announced that it is acquiring full-service podcast platform Stitcher for $325 million. Today (10/19), SiriusXM announced it has closed the deal. The company says that alongside Pandora, Simplecast, and AdsWizz, Stitcher strengthens its position in the fast-growing podcast arena. SiriusXM CEO Jim Meyer says, “We are deepening our position in podcasting, the fastest-growing sector in digital audio, and with completion of this transaction, our vision is taking shape. With Stitcher and its varied assets, we are now a one-stop shop able to meet the needs of podcast creators, publishers and advertisers, while also providing listeners with access to great shows, series and programming.” Stitcher CEO Erik Diehn stays with the company and reports to SiriusXM president and CEO Scott Greenstein. Stitcher’s chief revenue officer Sarah van Mosel also remains with the company and reports to SiriusXM chief advertising officer John Trimble.
Three Firms Partner to Expand Pacific Northwest Ag Network. The partnership between Gen Media Partners, J.L. Farmakis, Inc., and Cherry Creek Media will endeavor to expand the Pacific Northwest Ag Network that serves radio stations across Idaho, Oregon and Washington. As part of the effort, Cherry Creek Media will expand its news and content for the network that has “developed a reputation of providing in-depth and accurate farm news and information” that “producers across Washington have come to know and trust. Now that same programing is available for quality radio stations across the Northwest.” Affiliate, national, and network advertising sales will be handled by Gen Media Partners and agricultural media rep firm J.L. Farmakis, Inc. Pacific Northwest Ag Network program director Glenn Vaagen says, “The strength of the Pacific Northwest Ag Network is our connection to the farm community; those boots on the ground. Each weekday, our team provides listeners across Washington not only the latest state and national ag news, but also the latest farm research occurring at area universities, connect them with the next generation of farmers through FFA and 4-H, and much more. We are excited about the opportunity to expand this programing across the entire Pacific Northwest.”
Music Radio News and Career Moves. The nationally syndicated program “The Jubal Show” is being added to the program schedule at Cumulus Media’s CHR KKMG-FM, Colorado Springs “98.9 Magic FM.” Host Jubal Fresh, a.k.a. Jubal Flagg, had previously been heard on the station while partnered with Brooke Fox for the syndicated “Brooke & Jubal” show. After Jubal’s exit from the show in late March of this year, KKMG-FM continued to air the “Brooke and Jeffrey in the Morning” show. Now, “The Jubal Show” takes over the AM drive daypart…..Saga Communications names Borna Velic program director for Milwaukee classic rock WKLH-FM. Velic is also program director for the company’s rock WHQG-FM, Milwaukee “102.9 The Hog.” At the same time, WHQG midday personality Mindy Novotny is promoted to music director and programming assistant for that station while sister CHR WNRG-FM midday host and music director Mandy Scott adds WKLH programming assistant duties…..Nashville Public Radio announces that Jewly Hight is named music director for WNXP “91.ONE” and Marquis Munson joins the soon-to-launch station as production coordinator. Hight has served with Nashville Public Radio as a reporter and as a contributor to the NPR Arts Desk and NPR Music, among others. Munson most recently served with Cromwell Radio Group’s sports talk WPRT, Nashville “102.5 The Game.”
Tuesday, April 23, 2019
Entercom Files with SEC to Announce $300 Million Refinance. In the filing with the Securities Exchange Commission, Entercom announces that subsidiary Entercom Media Corp. – the former CBS RADIO stations – is offering $300 million in aggregate principal amount of senior secured second-lien notes due 2027. The company says it will use the net proceeds from the offering, cash on hand, and availability under its revolving credit facility to partially repay existing indebtedness under its senior secured term loan facility. Also contained in the filing is preliminary operating results for the first quarter of 2019. It reports net income should be between $1.3 million and $5.3 million, and adjusted EBITDA to be between $41.7 million and $43.7 million. Entercom also says pacings for the second quarter of 2019 are up by more than 4% as of April 18, 2019 compared to the same period in the second quarter of 2018. During the first quarter of 2018, the company completed asset sales that generated $24.5 million in net cash proceeds. It used the proceeds, along with existing cash on hand, to repay $180 million in borrowings under its revolving credit facility.
New Myrtle Beach News/Talk Station to Launch on May 6. The station that is currently
adult contemporary WYEZ “94.5 The Tide” is flipping to news/talk with new calls WTKN as “Talk 94.5′ on May 6. The Byrne Acquisition Group station is bringing market radio personality Liz Callaway – formerly with Dick Broadcasting’s crosstown news/talk WRNN-FM – to host the morning show. The rest of the lineup will include Premiere Networks’ Glenn Beck; Salem Radio Network’s Dennis Prager, Sebastian Gorka, and Larry Elder; and Westwood One’s Ben Shapiro and the overnight “Red Eye Radio” show.
KKFN, Denver Names Nick Ferguson Host of Late Morning Show. On-air changes are taking place at Bonneville’s sports talk KKFN, Denver “Sports Radio 104.3 The Fan.” The late morning “Pritchard and Cecil” show is giving way to a new show hosted by former Denver Broncos safety Nick Ferguson. “The Safety Blitz with Nick Ferguson” will feature current on-air staffer John Davis as co-host. Meanwhile, Cecil Lammey will remain with the station as digital talent in which he’ll focus on creating content for 1043TheFan.com and the station’s social media platforms. Mike Pritchard will continue as a fill-in host, allowing him to focus on his own small business. KKFN program director Raj Sharan says, “Nick is an absolute ball of energy that Broncos Country is going to fall in love with. In his playing days with the Broncos, he would interact with fans and teammates while stretching at training camp. He called it ‘The Nick Ferguson Show,’ and it was often the most entertaining time of practice. Nick’s time as a recent NFL coach and former Broncos player combined with his incredible charisma makes him an extremely unique and valuable addition to our team.”
Premiere Networks Promotes Rush Limbaugh Show’s George Prayias. Digital pro George Prayias is promoted to vice president of digital for “The Rush Limbaugh Show.” Prayias is based in New York where he reports to Premiere Networks president Julie Talbott. She comments, “This is a well-deserved promotion. George has been a valuable member of ‘The Rush Limbaugh Show’ team for nearly 20 years. His vision and leadership have been instrumental to the continued growth and success of Rush’s digital business and helping maintain the award-wining program’s industry-leading status.” The company says Prayias started his career with Premiere in 2000 when he conceived and launched the original website for the program. Prior to joining Premiere, Prayias spent close to a decade in television and was one of the original producers at FOX News Channel. He first met Limbaugh as a member of the production staff on the syndicated “Rush Limbaugh, The Television Show.”
Christopher “Mad Dog” Russo Inks Extension with SiriusXM. Sports media personality Christopher “Mad Dog” Russo signs a new, four-year deal with SiriusXM to continue leading his Mad Dog Sports Radio channel on the satellite radio service. He hosts “Mad Dog Unleashed” each weekday from 3:00 pm to 6:00 pm ET. Russo’s show is also available to Pandora subscribers as a podcast. Russo says, “Oh baby! Four more years, and I couldn’t be happier! I’ve said it before and I’ll say it again. There’s no place, NO PLACE, better than SiriusXM to do the kind of show I want to do, with the freedom to talk about the topics that I want to cover and the listeners want to talk about. Now we’ll be reaching more fans than ever on SiriusXM and Pandora.”
Entercom Promotes Stacey Schulze to GSM for Greenville Station Group. Sales pro Stacey Schulze is being promoted to general sales manager for Entercom’s Greenville, South Carolina cluster that includes news/talk WYRD-FM “106.3 WORD,” sports talk WORD-AM “ESPN Upstate” and five music radio stations. She was most recently digital sales manager for the cluster. Entercom Greenville SVP and market manager Steve Sinicropi says, “Stacey has done a tremendous job with our digital products and is an invaluable resource to our team and customers to navigate the sophisticated and fast-changing digital space effectively. In her expanded role, she’ll also work with our team and customers with RADIO.COM, our seven radio brands, play-by-play sports and all digital products.”
TALKERS News Notes. Longtime New York City traffic reporter Jeff McKay announces he’s taking a new position with Westwood One News and will be relocating to Washington, DC. McKay posts on Facebook that he’ll be leaving his WINS, New York-based traffic reporting gig for DC next month.…..FOX Sports Radio says a new baseball podcast titled “”Inside the (Rob) Parker” – hosted by Rob Parker – will debut on The Herd Podcast Network. Parker says, “Baseball is my first love, my true sports passion. If you think I have hot takes on the NFL and the NBA, wait until you hear them about the national pastime. For sure, it will be fun and informative.” Parker continues co-hosting FOX Sports Radio’s 7:00 pm to 10:00 pm ET “The Odd Couple with Chris Broussard” that airs on close to 340 affiliate stations…..SiriusXM is providing subscribers with comprehensive coverage of the 2019 NFL Draft from Nashville, beginning with the first round on Thursday through the final round on Saturday. SiriusXM NFL Radio’s on-site broadcast team at the NFL Draft will feature: Gil Brandt, Pro Football Hall of Fame inductee and former longtime player personnel executive for the Dallas Cowboys; Pat Kirwan, former NFL scout, coach and front-office executive; Jim Miller, former veteran NFL quarterback; Rick Neuheisel, former NFL quarterback and veteran coach; and Jason Horowitz, lead host for SiriusXM’s draft coverage.
Mueller Report Released/Impeachment Chatter, Trump Tax Returns Issue, 2020 Presidential Politics, Southern Border Crisis/New Mexico Militia, Iranian Oil Sanctions, Sri Lanka Bombings, NBA Playoffs, and MLB Action Among Top News/Talk Stories Yesterday (4/23). The release of the redacted Mueller Report and talk amongst Democrats of impeaching President Trump; the congressional requests for Trump’s tax returns and his suit to avoid being forced to comply; the 2020 presidential candidates and their policy proposals; the migrant status at the U.S.-Mexico border and New Mexico militia detaining migrants; the U.S. imposes sanctions on nations buying Iranian oil; the aftermath of the Sri Lanka bombings; the NBA playoffs; and Major League Baseball action 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 Philadelphia, iHeartMedia announces that Khary
Sharpe is named general sales manager for hip hop WUSL-FM “Power 99” and urban contemporary WDAS-FM. iHeartMedia Philadelphia SVP of sales Jeff Moore says, “I am thrilled to add Khary to our growing team. Khary is someone that I’ve admired in the market for a long time and his extensive knowledge of the industry and ability to create and grow relationships with our advertisers on the client level as well as internally will contribute to the work we’re doing in creating a great culture here at iHeartMedia Philly.” Sharpe joined iHeartMedia from Entercom where he most recently served as the digital sales specialist for WOGL, WBEB and WTDY…..Lincoln, Nebraska morning personality Matt McKay, a.k.a. Matthew Rydberg, is on leave from Alpha Media’s CHR KFRX-FM after being charged with domestic violence as the result of an incident that took place on Saturday (4/20). The Lincoln Journal Star is reporting that Rydberg is being charged with felony strangulation. According to the Journal Star, “police went to Rydberg’s home on a report of a domestic assault witnessed by two children. A 46-year-old woman reported she went to sleep in her children’s room after an argument with her husband, who had been drinking, when he became angry… the woman told police Rydberg pushed on her neck and she couldn’t breathe, pushed her face, bit her nose and shoved her.” Alpha Media Lincoln market manager Julie Gade confirmed Rydberg is on leave from the radio station…..Westwood One says recent ACM-award winner and platinum-selling singer/songwriter – Warner Music Nashville’s Chris Janson – will host Westwood One’s Annual “Summer Kick-Off” special. The four-hour broadcast is available for radio stations nationwide to air over Memorial Day weekend. Janson will spin popular summertime hits from Luke Bryan, Florida Georgia Line, Kenny Chesney, Keith Urban, Jason Aldean, Carrie Underwood, and some of his own hits, including his new single, “Good Vibes.”
Wednesday, November 9, 2016
Cooke: Talk Radio’s Dream Come True? Media consultant Holland Cooke writes today, “After nearly two years of campaign noise, many Americans were eager ‘for it to end.’ But November 8 was a beginning. And with the manners our parents preached now scorned as political correctness, the noise will only get louder. In the social media era, broadcasters’ challenge is to cut through that clutter. Donald Trump will be President of The United States, and the implications for radio’s top format are profound.” Read more here.
iHeartMedia Shows 1.2% Rise in Third Quarter Revenue. Reporting third quarter financial numbers, iHeartMedia’s revenue was $857 million – up 1.2% from the same period in 2015. For the first nine months of the year, iHM revenue was $2.46 billion – an increase of 3.3% over 2015. In a statement, chairman and CEO Bob Pittman touts some of the company’s initiatives and events. “We continue to grow our audiences across our broadcast radio, outdoor, digital, social, mobile and events platforms, while
advancing our transformation as a digital-facing, data-rich company built on the power of broadcast radio and out-of-home. “This quarter, we were excited to announce the reimagining of live radio with our two new subscription services, iHeartRadio Plus and iHeartRadio All Access, set to debut in January 2017. In addition, at both iHeartMedia and outdoor, we continue to invest in programmatic buying platforms and research analytics tools to leverage our assets for the benefit of our marketing and advertising partners, and at Americas outdoor and International outdoor, we continue to realign our resources to expand our digital out-of-home networks.”
Cumulus Media Dips 1.1% in Third Quarter. That figure is for the company as a whole and is a percentage change based on net revenue of $286.1 million for the third quarter of 2016. For the first nine months of this year, revenue is $841.9 million, down 2.1% from the nine month-period in 2015. Cumulus breaks the company into two segments – the Radio Station Group, and Westwood One. The latter has been the most troublesome for Cumulus. Westwood One net revenue was down 5.5% over the same period in 2015 while the Radio Station Group was basically flat – up just 0.7% on revenue of $206 million. President and CEO Mary Berner says, “A year into our turnaround effort, we have made considerable progress against our operational priorities while leading the industry in ratings growth. Though our performance in the quarter was negatively impacted by headwinds which have challenged us all year, we see evidence that our work is paying off financially as we gained share this quarter for the first time in at least four years. As we seek to maintain the momentum of our initial strategies, we have now also launched a focused effort to improve sales execution as the next logical step in our turnaround plan.”
Cox Media Group’s WDBO-FM, Orlando First to Declare Trump Winner in Florida and Nationally. Orlando news/talk “News 96.5 WDBO” is saying it made two “unprecedented moves” in covering the election on Tuesday night. Director of programming Drew Anderssen says his station called Trump’s Florida victory minutes before the Associated Press. “Our in-house statistician watched returns county-by-county from the State of Florida, rather than relying on other national media outlets, which led to my decision to call Florida a victory for Trump.” Later in the evening, Anderssen says the station projected Trump to be the next president more than two-hours before “the Associated Press or any other national news outlet.” He adds, “We were looking at all scenarios and talking with our Washington DC bureau’s Jaime Dupree, who has 30 years of experience monitoring elections from Capitol Hill. Along with our ‘News 96.5 WDBO’ in-house team, it was a clear to us that it was statistically not possible for Hillary to win. I trusted my team and stood by their experience when we went on the air at midnight projecting Trump the winner.” WDBO morning host Joe Kelley scored a rare, morning-after interview today. Kelley says, “We wrote his number down from the caller ID during yesterday’s interview. We called the number today thinking ‘there’s no way he’ll answer,’ but he did.”
The Trump vs Clinton Race; the U.S. House and Senate Races; Hillary Clinton’s Email Problem; Marijuana Legalization; and the NFL’s Sinking Ratings Among Top News/Talk Stories Yesterday (11/8). The presidential election; the U.S. House and Senate races the battle for control over Congress; the lingering issues relative to Hillary Clinton’s use of a private email server for State Department business; the several states with marijuana legalization on the ballots and shifting attitude across the country; the weekend’s NFL action and the league’s sinking ratings were among the top news/talk stories yesterday, according to ongoing research from TALKERS magazine.
Beasley’s SEC Filing Details Q3 Results. The company announced last week that its net revenue of $27.7 million in the third quarter of this year represents a 5.6% increase over the same period a year ago. The Form 10-Q filed with the Securities Exchange Commission includes information about what constituted the $1.5 million year-over-year increase. Beasley Broadcast Group notes, “Significant factors affecting net revenue included a $1 million increase in advertising revenue from our Tampa-Saint Petersburg market cluster, a $0.4 million increase in advertising revenue from our Charlotte market cluster, and a $0.3 million increase in advertising revenue from our Fayetteville market cluster – partially offset by a $0.2 million decrease in advertising revenue from our Wilmington market cluster. Net revenue for the [quarter]…also included $0.5 million of political advertising from the 2016 elections.”
Rob Graham Retires from WINA, Charlottesville. News director Rob Graham is retiring from Saga Communications’ news/talk WINA, Charlottesville after 32 years with the station. He’d also worked in his home state of Iowa at KWPC and KFMH in Muscatine and KLNT and KLNQ in Clinton during his career. He left radio for two years in 2000 to work in the public relations business.