Tag: "Technology"

Thursday, June 25, 2020

| June 25, 2020

BIA: Local Radio Advertising to Fall by 10.7% in 2020. Revising its beginning-of-the-year projection that U.S. local radio advertising revenue (consisting of AM/FM, digital, and streaming) would be $14.3 billion, BIA Advisory Services reports that projection to now be $12.8 billion – a decrease of 10.7%. BIA breaks it down this way: $11.4 billion is expected to come from over-the-air sales and $1.4 billion should come from digital sales. BIA says, “By comparison, in 2019 local radio stations generated $12.8 billion in over-the-air revenue and just over $1 billion in digital. This was a 1.6 % decrease in total revenue from 2018.” BIA SVP and chief economist Mark Fratrik comments, “In 2018, we projected that radio’s digital platforms would reach $1 billion by 2019 and last year the industry hit this mark. For 2020, our ad forecast shows that digital sales, including streaming, will stay steady. Then by 2021, Radio online revenue will start to climb back up again. On the over-the-air side, we see a bigger COVID hit, with a steep drop in 2020 and some recovery back by 2021.” What sectors will make up the bulk of radio’s revenue? BIA says the finance/insurance industry will make up $2 billion, retail will account for $1.97 billion, automotive will contribute $1.5 billion, and technology accounts for $1.3 billion. BIA explains, “These industries may benefit from the continuing shift in radio listening from the car to the home as at-home audio environment features give consumers multiple opportunities to consume promotions. Streaming has become a major growth opportunity for broadcasters to maintain existing audiences and attract new, younger listeners. BIA’s revenue estimate drops to $12.5 billion when streaming ad revenue is not included.”

Suit Challenges USAGM Exec Michael Pack’s Firing of Agency Organization Heads. In a suit filed in U.S. District Court for the District of Columbia, the Open Technology Fund and four individual members of its board of directors are asking the Court to declare null and void U.S. Agency for Global Media chief executive Michael Pack’s recent firing of Open Technology Fund and news outlet leaders. The complaint argues that “Although funded by Congress through grants administered by the Agency, the four organizations targeted by Mr. Pack are not part of the government. Their employees are not government employees. They are private, nonprofit organizations with their own leadership and independent boards of directors. That is by design. Their mission, collectively, is to promote the free flow of information worldwide, especially in countries where authorities restrict freedom of expression. They do this through global efforts to combat online censorship and news broadcasts in 61 different languages, reaching 400 million people each day. But they can only be effective in countering disinformation and censorship if they are rightly perceived as independent, professional, and fact-driven—not as official mouthpieces for some partisan agenda.” Open Technology Fund chief Libby Liu tendered her resignation to take effect at the end of July but was terminated immediately by Peck. Also fired were: Bay Fang of Radio Free Asia, Jamie Fly of Radio Free Europe/Radio Liberty, Alberto M. Fernandez of Middle East Broadcasting Networks, and Emilio Vazquez of the Office of Cuba Broadcasting.

Cumulus Closes on $74.1 million Bethesda Land Sale. The deal to sell a 75-acre parcel of land in Bethesda, Maryland to developers Toll Brothers has been in the works for some time and yesterday (6/24) Cumulus Media was finally able to announce the $74.1 million deal has closed. Cumulus Media president and CEO Mary Berner says, “Given the difficult operating environment, our ability to continue to strengthen our balance sheet with the proceeds of this deal is particularly meaningful, and we greatly appreciate the efforts of Toll Brothers in working with us to bring this five-year effort to completion.” Net proceeds from the sale are expected to be $71.3 million after transaction fees and expenses. Cumulus anticipates achieving minor expense savings from the elimination of real estate taxes after the closing and does not expect any tax liability as it relates to the transaction. Net proceeds from the sale are required to be used to pay down debt, unless otherwise reinvested in the company’s business over the next 12 months.

PPM Analysis: Coronavirus Cume Factor (Part 2). TALKERS magazine managing editor Mike Kinosian continues his analysis of Nielsen Audio’s May 2020 PPM survey, today presenting part two of his look at cume changes for news/talk stations. In this report, Kinosian presents charts showing news/talk stations ranked from highest cume to lowest, cume increases from the April 2020 PPM survey to the May 2020 PPM survey, decreases from April to May, and a chart displaying the cume for all stations on our panel in the all-news, sports talk, and news/talk radio formats. See it all here.

COVID-19 Statistics & Projections, BLM Movement/Confederate & Colonial-Era Statues, Seattle CHOP Situation, Second Stimulus, Financial Markets Activity, Presidential Race, Flynn Charges Dismissed, Bubba Wallace Case, and MLB Season to Open Among Top News/Talk Stories Yesterday (6/24). The explosion of new COVID-19 cases in some states and projections of future cases and deaths; the protests supporting the Black Lives Matter movement and the related move to take down statues of Confederate and Colonial-era statues; Seattle asks CHOP protesters to leave the area and local business consider suing the city; the debate over a possible second COVID-19 federal stimulus package; the world’s financial markets react to COVID-19 data; Democrat Joe Biden enjoys positive poll news in his race against Donald Trump; the DOJ officially dismisses the charges against Michael Flynn; the FBI concludes the Bubba Wallace “noose” incident was not a hate crime; and the MLB prepares to open on July 1 were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

TALKERS News Notes. Today (6/25) at 2:00 pm ET, Cumulus Media | Westwood One is presenting a live webinar to release “brand new insights and studies on the state of the American consumer.” Covered in today’s event will be: Just-released J.D. Power automotive sales data for the week ending June 21 indicating it was one of the strongest auto sales performance weeks for new sales; new “Share of Ear” data from Edison Research on the audience duplication between AM/FM radio and Pandora and Spotify; how advertising can help businesses recover and reopen using a powerful new visual from marketing pro Les Binet; and more…..“The Money Pit Home Improvement Program” – syndicated nationally via Talk Shows USA – announces the addition of Free Fire Media’s KCNR-AM, Shasta/K243CT, Redding, California and WCJU Incorporated’s WCJU-AM, Columbia, Mississippi to its roster of affiliates…..Cox Media Group’s news/talk KRMG-FM, Tulsa and KOKI-TV “FOX23” are partnering with the American Red Cross in a two-day “Red, White and You” Blood Drive today and tomorrow (6-25/26). KRMG director of branding and programming Levi May comments, “This is one of our favorite events every year because it unifies our listeners in Green Country to work as a group to help people who live and work in their communities. Every pint donated to the American Red Cross can help save three lives. That’s a pretty impressive return on 30 minutes of your day.”

International Rock Musician/Impresario Leslie Mandoki Is This Week’s Guest on Harrison Podcast. Munich, Germany-based, Hungarian rocker Leslie Mandoki is this week’s guest on the award-winning PodcastOne series, “The Michael Harrison Interview.” Mandoki is a seasoned professional forged by experience, passion and life, who is keeping the spirit and quality of the progressive, jazz rock era alive and well for generations old and new. His ensemble, MANDOKI SOULMATES, is a long-running loosely knit association of some of the greatest big-name musicians on the planet. Their brand-new release, “Living in the Gap & Hungarian Pictures,is a double album that expresses their ideals of socially aware lyrics and complex musical arrangements – basic tenets of the progressive and jazz rock era. In his youth, Mandoki escaped from communist Hungary to West Germany where he built one of the finest studio complexes in Europe, produced and performed on records, became friends with a wide network of great musicians including the legendary Ian Anderson of Jethro Tull and launched a progressive rock juggernaut. Countless gold and platinum records decorate his walls. He also wrote, produced, and performed the superb charity song dedicated to the heroes of the coronavirus titled #WeSayThankYou with Ian Anderson that has garnered positive attention on international radio and on YouTube. Harrison and Mandoki discuss the music, social issues and politics that make Leslie Mandoki a fascinating individual – largely unknown to Americans. To listen to the podcast in its entirety, please click here or click on the player box marked “The Michael Harrison Interview” located in the right-hand column on every page of Talkers.com.

Entercom Partners with Analytics Firm Deep Root. In what Entercom calls part of its “commitment to data-driven capabilities,” the company announces a partnership with audience-powered analytics company Deep Root that will allow Entercom to offer advertisers expanded targeting options. Entercom says, “This partnership will enable agencies, advocacy groups, and political campaigns to identify and reach Deep Root’s custom voter audience segments when advertising throughout Entercom’s robust portfolio of broadcast and digital assets. This includes access to Deep Root’s issue advocacy and political audience segments such as swing voters, blue collar voters, and environmentalists.” Entercom VP, data and analytics Dan McKinney adds, “Expansive reach and national scale allow radio and digital audio to serve as a reliable platform for brands and political campaigns to reach engaged consumers. Now more than ever, it is our responsibility to support these advertising partners with increased targeting to accomplish their specific goals. Partnering with Deep Root will allow us to better serve our trusted partners and enhance their capabilities when leveraging our audio assets to reach voters nationally and locally.”

New RAB ‘Open for Business’ Series Announced. The RAB announces that as part of its Business Unusual initiative, a new Open for Business live-video series titled, “Getting Your Billing Back On Track,” hosted by RAB SVP of professional development Jeff Schmidt takes place on July 14 at 11:00 am ET (a repeat viewing is available July 16 at 4:00 pm ET. RAB says, “As businesses across the country are reopening, it is time for sellers to rebuild their selling strategy. In this live-video presentation, Schmidt will share proven tools and resources account executives and managers can utilize to increase stations’ revenue and income at their stations and radio companies.” Registration is free to RAB members. To register, click here.

Music Radio News and Career Moves. Nationally syndicated urban contemporary “The Deja Vu Show” adds five new affiliates including: KBXT-FM, Bryan, Texas; KISX-FM, Tyler, Texas; KSSM-FM, Waco, Texas; KMJI-FM, Texarkana, Texas; and WRKA-FM, Louisville. The WBLS-FM, New York based afternoon drive show is syndicated via ABC Audio, whose executive director of business strategy Heidi Oringer says, “Throughout her career, Deja has drawn high ratings in every market where she’s heard. We’re thrilled that in syndication ‘The Deja Vu Show’ followed suit and is experiencing the same level of success and rapid growth. Deja’s insightful content and her standout personality draw large, diverse audiences. We’re excited that stations are adding ‘The Deja Vu Show’ to their lineups and equally excited that she is so favored by advertisers as well.”…..The Tom Kent Radio Network announces new affiliation deals with more great radio stations. Adding Tom Kent’s “Ultimate Party” is Midwest Communications classic hits WBOW, Terre Haute, Indiana; Draper Communications classic hits WTDK, Salisbury, Maryland adds “My 70s Show” and “Super 60s with Steve Kent”; and Delta Media’s urban AC KFXZ, Opelousas, Louisiana adds “Sweet Soul Weekend with Jeff Foxx.”

Wednesday, January 18, 2012

| January 18, 2012

Clear Channel Forges into Future of Entertainment; Names John Sykes President of Entertainment Enterprises.  If there comes a time in the future when radio companies are forced to address why their business plans failed as technology and media tastes were changing all around them, for Clear Channel it certainly won’t be for lack of trying to use its enormous radio station base from which to move forward.  On the heels of last week’s announcement of the name change – jettisoning the “radio” part and tacking “media” and “entertainment” onto its name – the company announces it is bringing entertainment pro John Sykes aboard to serve as president of entertainment enterprises.  In announcing the hire, CC states, “Sykes will use the unparalleled assets of Clear Channel –  including its 238 million monthly broadcast radio listeners, the 141 million people it reaches with Outdoor in the United States and the 374 million internationally, as well as the more than 75 million monthly listening hours for its digital properties – to develop new businesses for the company across a range of media, including television and live events, as well as create value for Clear Channel advertisers and key partners.”  Sykes has served as president of VH1, president of network development for MTV, CEO of the old Infinity Broadcasting, president of Champion Entertainment, president of Chrysalis Records, and an agent for Creative Artists Agency.  Most recently he was with the private equity firm Pilot Group – the connection to Clear Channel CEO Bob Pittman.  Pittman says of Sykes, “John’s experience and relationships in so many sectors of the entertainment and media business make him the perfect choice to lead this new initiative.”  Clear Channel doesn’t have a lot of time.  It has some $20 billion in debt hanging around its neck that comes due in chunks over the next four years and the pace at which media and technology is changing is faster than anyone can anticipate – including those new-tech operators who say they’re ahead of the game.  But, in so many words, Clear Channel is making the statement it is bound and determined to use its large base of radio listeners to build something that will exist – and hopefully make money – in the future.  And bringing in connected players from outside the traditional radio business could be the strategy that helps it survive.

CBS Radio Detroit Brings Bob Wojnowski and Jamie Samuelsen Back to the Airwaves on “The Ticket.”  Detroit sports media pros Bob “Wojo” Wojnowski and Jamie Samuelsen are being paired up for a 6:00 pm to 8:00 pm show on WXYT-FM “The Ticket.”  Both have worked on sports talk radio in the market previously on Clear Channel’s WDFN.  WXYT-FM program director Jimmy Powers says, “We are extremely pleased to have Jamie and Wojo join our line-up. They are a natural fit. They have been dialed into the Detroit sports scene for many years, giving fans information on their favorite teams. Jamie and Wojo will continue to entertain listeners on their way home from work or to the stadium.”  Wojnowski is also currently a columnist for the Detroit News and Samuelson is a regular blogger for the Detroit Free Press.

KMBZ, Kansas City Makes PM Drive Changes.  Mike Shanin leaves his role on the “Shanin and Parks” afternoon show at Entercom’s KMBZ, Kansas City and takes the business editor role at the station.  The station says it will continue to rely on Shanin’s “expertise and knowledge for political commentary.”  Filling his seat alongside Scott Parks is KCTV-TV investigative reporter Dana Wright.  She says of her new radio role, “This is really a dream opportunity for me.  Journalism is my passion and I look forward to this exciting new step in my career.”

When Radio Was Insanely Fun.  Beleaguered by the contemporary world of corporate radio?  Pining for the days when radio stations were inhabited by creative and (quite possibly) unstable personalities?  Talk radio host, WPIX-TV, New York commentator and LionelMedia.com “podcast titan” Lionel re-lives a bit of crazy radio history from his uniquely skewed perspective and personal experience.  Prepare to laugh your tuchus off and click here.

CBS Radio’s WNEW-FM, Washington Launch Delayed.  Various trade and consumer reports indicate the launch of CBS Radio’s new all-newser in Washington, DC will be Monday, January 23 and not tomorrow as had been planned.  The cause is being reported as engineering issues related to the new studios.

Red Zebra’s WTEM, Washington, DC Adds College Hoops Expert.  ESPN 980 (WTEM) announces former University of Maryland basketball coach Gary Williams joins the station to serve as its college basketball insider.  Williams takes the temporary post through the NCAA finals during which he’ll join the station’s “Sports Fix” with Kevin Sheehan and Thom Loverro and “The Sports Reporters” with Andy Pollin and Steve Czaban for weekly college basketball reports.  PD Chuck Sapienza says, “Adding Gary to our team solidifies our dominance in the area of college basketball coverage.  He is ‘must listen-to radio’ and adding his expertise on the entire sport of college hoops is a big win for ESPN 980’s listeners.”

ESPN Audio Re-Aligns Management.  At ESPN, Jim Roberts moves from his senior director, affiliate sales to senior director, Deportes local radio group.  He’ll continue to lead the Deportes Dallas Radio station and in addition be responsible for the on-going relationship with all Deportes Radio affiliates.  Patrick Polking, senior director audio national accounts, will transition to senior director II, distribution and business development.  Polking will oversee the development and execution of strategies to further monetize ESPN Audio’s products.  The company also says that because of the growth in usage of ESPN Audio properties, Scott Masteller, senior director II, radio content, will collaborate with Dave Austin, who was recently promoted to manager, ESPN Digital Audio Group, to ensure ESPN Audio is aligned in the production of its digital audio.

GOP Primary Race, Internet Anti-Piracy Bills, European Debt Crisis and Italian Cruise Disaster Among Top News/Talk Stories Yesterday (1/17).  The battle to win the GOP presidential primary race, the internet anti-piracy bills being debated in Washington, the continuing European debt problems and the Italian cruise ship disaster were some of the most-talked-about stories on news/talk radio yesterday according to ongoing research from TALKERS.

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