Tag: "selling shares"
Talk Radio Wraps Up Major Week of High-Profile Broadcasting and News Gathering. The Republican National Convention week was a busy one for the country’s news/talk stations as well as more than 100 outlets that chose to broadcast live from radio row in Tampa and many more than that sent hosts, staffers and news people to the city to cover the convention and report back to their markets. According to a report issued to TALKERS by the Republican National Committee, this year’s radio row generated some 1,551 radio interviews smashing 2008’s record of 1,263. The convention radio row is not only fertile ground upon which to produce a live broadcast with a huge pool of political experts, candidates and surrogates available as guests in one compact location, but it is also an opportunity to get some national attention as Compass Media Networks’ Todd Schnitt did on Fox News Channel (upper left photo). Talk hosts in major markets and nationally syndicated stars certainly have the ability to book big-name guests via phone but the chance to actually rub elbows with big political stars, speak with them face-to-face and chat in a “live” situation is unique to this political season. It also provides members of the talk radio community with a place and reason to meet and network in a working situation conducive to enhancing existing relationships and forging new ones. The Ernest Istook program, hosted by the former congressman and produced by WYD Media, also emanated from the convention site this week and gave Istook the opportunity to chat with U.S. Rep. and former presidential candidate Michele Bachmann (here at right).
Yankees Baseball Stays on WCBS, New York for at Least One More Season. The New York Post’s Phil Mushnick reported it earlier yesterday and CBS Radio confirms it in a release. Apparently the Yankees have rejected overtures from ESPN to join the company’s new FM-enhanced sports talk outlet WEPN for they will stay with WCBS for the 2013 season. Numerous industry watchers had expected to see a big bidding war for Yankees baseball and perhaps we’ll see that next season but if this report is correct, it’ll be another year before CBS Radio and Disney/ESPN battle it out for Yankees rights.
Bill Rehkopf Returns to KDKA, Pittsburgh. The former morning news man at CBS Radio’s KDKA-AM, Pittsburgh returns to the Steel City after being involved in the start-up of the company’s Washington, DC all-newser WNEW-FM. Rehkopf was the featured morning drive anchor at the station. Now, he’ll anchor KDKA-AM’s “KDKA Afternoon News” from 3:00 pm to 7:00 pm. Current anchor Rose Ryan-Douglas remains with the station to work on the PM drive show. In a statement, Rehkopf says, “Working in the nation’s capital was extremely exciting and rewarding. However, my family and I have deep roots in Pittsburgh and this is a terrific opportunity at KDKA. It’s a perfect professional fit for me and works well for my family. I look forward to providing Pittsburgh with a quality program of essential news, information and entertainment to wrap up their work day.”
Reports of Mel Selling Sirius XM Shares Raises Eyebrows. In a release issued after yesterday’s closing bell, news from Sirius XM Satellite Radio that CEO Mel Karmazin will be selling an additional 30 million shares of the publicly traded company (Sirius XM SIRI) this fall has both Wall Street and radio industry observers speculating as to what it means. Considering the timing involved – Mel’s contract is up this year and major investor Liberty Media (LMCA) is closing in seeking control – there is evidence to support the educated guess that the company’s chief is heading for the door. Other possibilities include that Mel is simply cashing in his chips for a job clearly well done or that it is a maneuver to throw an obstacle in the way of Liberty taking control. The price to exercise the 30 million options shares is $0.43. This means the shares will cost Karmazin $12,900,000. If he were to sell them all at $2.50 the price would be a cool $75,000,000, delivering a profit of $62,100,000. Analyst Spencer Osbourne writes in the Seeking Alpha newsletter, “I can imagine that the news relating to an insider at Sirius XM selling 30,000,000 shares will not be well received by the market. Be prepared, because this news is going to cause some wild speculation and debate. I would not be surprised to see the stock price move down on this news. Between the Liberty cloud and now the Karmazin cloud, the uncertainty is building for Sirius XM.”
NBC Sports Radio Announces Affiliates for Next Week’s Launch. As NBC Sports Radio and partner Dial Global prepare to debut their late night and overnight sports talk radio shows and hourly sports news reports on Tuesday, September 4, the list of affiliates for the programming is being made public. The build-up to a national affiliate base with a big rollout is always a challenge and NBC is gearing up with a lot of medium and small market stations for its sports talk shows and has some major market clears on small or outlying signals. For example, The Amani & Eytan 10:00 pm to 1:00 am show will air in markets including Huntsville, Santa Barbara, Evansville and Roanoke. But it will also clear secondary signals in the Washington, DC, Denver and Charlotte markets. Both Amani & Eytan and the 7:00 pm to 10:00 pm Erik Kusilias show will be heard on WPOP, Hartford. To see where the shows will debut, click here.
Emmis Delivers Good News to Staff in the Form of Bonuses. Emmis Communications CEO Jeff Smulyan issued an e-mail memo to staffers informing them that they would be receiving cash bonuses to reward their loyalty and dedication to the company during these tough economic times. Full-time employees will be getting a $1,000 bonus while part-time staffers will each get $250.
Salem Communications to Pay Q3 Dividend. The board of directors of Salem Communications declares a dividend for the third quarter of 2012 that will pay shareholders of Class A and Class B common stock 3 and ½ cents per share. The dividend will be paid to all shareholders of record as of September 14 and will be paid on September 28.
Katie Couric’s TV Talk Show to Debut on September 10. The show, titled simply, “Katie,” will be broadcast in syndication beginning on Monday, September 10 and all media eyes will be on the television legend as she begins a new chapter in her career. She was once the most popular personality in morning talk television but Katie Couric left to take the helm of the “CBS Evening News,” a job that even her harshest critics would admit is probably beyond anyone’s ability to succeed in this day and age. But as Howard Kurtz examines in his excellent piece in the Daily Beast, the question is whether Couric’s newsy approach to issues and distant personality will grab daytime TV viewers. Couric clearly appears to be bucking the trend in what makes successful daytime talk TV but she appears determined. Read Kurtz’s piece here.
Attention Radio Sales Staffers! Your Job Was Born 90 Years Ago This Week. This week marks the 90th anniversary of the first sale of radio time. It was back in 1922 when New York radio station WEAF – owned by Bell Telephone Company – sold a 10-minute commercial to the Hawthorne Court Apartments in Jackson Heights, New York for $50. At about 5:00 pm on August 28, 1922 a pitch for the apartment complex was made to anyone who happened to be listening and the business of commercial radio was born. It didn’t take off like a rocket, as radio historians will tell you, but it certainly was the beginning of an industry. NPR produced a fantastic segment commemorating this event. Listen to the segment or read the transcript at NPR’s site here. (Photo: MTM Enterprises)
The Economy, Health Care and Foreign Policy Issues Topped the Talkers TenTM for the Week of August 27 – 31. These issues, as related to the presidential campaign and set against the backdrop of the Republican National Convention in Tampa, were the most-talked-about stories on news/talk radio this week, according to ongoing research from TALKERS magazine. Coming in at #2 on this week’s chart was the RNC speeches. At #3 was the mainstream media’s coverage of the RNC and the firing of Yahoo! News bureau chief David Chalain and at #4 was Tropical Storm Isaac. The Talkers TenTM is a chart of the top talk topics as discussed on news/talk radio during the week. It is published every Friday at Talkers.com. View this week’s chart here.
TALKERS Weekly Affiliate Roundup. Dial Global’s Jim Bohannon and “Jill on Money” join the program lineup at WZKT, Salisbury-Ocean City, Maryland…..Benztown Radio Network morning show “The Todd N Tyler Radio Empire” hosted by Mike Tyler and Todd Brandt replaces the syndicated version of Mark & Brian at KXFM, Santa Maria/San Luis Obispo…..“Malcolm Out Loud” is added to the programming at KKYT, Ridgecrest, California.