Tag: "Total Traffic + Weather"

Thursday, November 7, 2019

| November 7, 2019

iHeartMedia Third Quarter Revenue Rises 3%. Revenue for iHeartMedia, Inc. – whose shares became listed on the NASDAQ on July 18 of this year – was $948.3 million, an increase of 3% compared to the same period in 2018.  Digital revenue increased 33.4%.  Looking at the first three quarters of 2019, revenue was $2.66 billion – an increase of 2.8% over the same period in 2018.  The company says, “Our traditional radio business, which is comprised of our Broadcast and Networks revenue streams, is stable and growing.  Broadcast revenue declined by 0.6% on a reported basis and increased 0.4% excluding the impact of political revenue, while Networks grew 9.2% year-over-year driven primarily by growth in our Total Traffic & Weather network.  Networks also grew sequentially by almost 300 basis points over the second quarter. Our growth was also driven by our Digital revenue stream, which grew 33.4%.  Digital revenue growth was primarily driven by growth in podcasting, as well as other digital revenue.  Audio & Media Services declined 14.3% on a reported basis and increased by 0.2% excluding the impact of political revenue.  Political revenue primarily impacts our Broadcast and Audio & Media Services revenue, and therefore these revenue streams tend to show greater variance in non-political years.  Sponsorships increased by 4.4% year-over-year. Importantly, all of our revenue streams grew year-over-year excluding the impact of political revenue, demonstrating the continued momentum in our business.”

Beasley Broadcast Group Reports Q3 Net Income Up 1.5%. Net income for Beasley Broadcast Group’s 2019 third quarter was $66.1 million, an increase of 1.5% over the same period in 2018 and the company says that “reflects increased revenue in the Company’s Philadelphia, Detroit, Boston, Charlotte, Fayetteville, and Wilmington market clusters. Net revenue for the three months ended September 30, 2019 was comparable to net revenue for the same period in 2018 at the Company’s other market clusters.”  For the first nine months of 2019, net income was $189.5 million, an increase of 4.1% over the same nine-month period in 2018.  Station Operating Income increased 12.7% year-over-year in the third quarter of 2019.  The company says the year-over-year increase is primarily attributable to higher revenue in the 2019 third quarter and lower station operating expenses related to $1.7 million of non-recurring bad debt expense that was recorded in the comparable 2018 period, partially offset by higher expenses at recently acquired stations.  Beasley CEO Caroline Beasley states, “Throughout the third quarter, we continued to advance our revenue diversification initiatives and actively manage our local radio broadcasting and digital platforms, while implementing our operating disciplines at recently acquired stations to drive SOI growth and margin expansion.  Record third quarter net revenue of $66.1 million was driven by the strength of our station clusters in four of our top five largest revenue markets, as well as contributions from recent acquisitions and more than offset the approximate $0.9 million of combined political, spectrum and United States Traffic Network traffic revenue recorded in the 2018 third quarter, which did not recur in the 2019 third quarter…Third quarter results also began to reflect financial contributions related to our new and expanding digital development and diversification initiatives. Beasley generated a year-over-year increase in digital revenue of approximately 37%, with digital now accounting for 7.4% of total revenue, compared to 5.4% of total revenue in the prior year period. Going forward, we remain committed to increasing digital share of total revenue as we continue to aggressively roll out our digital transformation strategy across the organization.”

Urban One Third Quarter Net Revenue Basically Flat at $111.1 Million.  While third quarter net revenue was up just 0.3%, Urban One’s broadcast and digital operating income was up 3.2% on $44.8 million, compared to the same period in 2018.  Operating income was approximately $32.5 million for the three months ended September 30, 2019, compared to approximately $32.1 million for the same period in 2018.  Urban One CEO and president Alfred Liggins III says, “During the third quarter we completed the sale of WDMK to Beasley Broadcasting, as a result of which our cash position improved, and net leverage was reduced. On a same station basis, our third quarter radio revenues were up 4.2%, and I was pleased that we were able to grow the Radio Broadcasting segment Adjusted EBITDA by 6.6%.  Same station core radio revenues, excluding political, are currently pacing down low single digits for the fourth quarter.  Cable Television advertising was robust in the quarter, up 7.8%. While digital revenues decreased by 6.4%, we were able to post significant Adjusted EBITDA growth in that segment as a result of improved cost control.  Overall, we were able to grow Adjusted EBITDA by 5.8% for the quarter, and I believe we are well positioned to achieve our strategic goals for the year, with Adjusted EBITDA in the range of $138-$140 million.”

Nielsen Announces Plans to Split into Two Companies.  Along with its third quarter financial results, Nielsen Holdings Plc is announcing that it will “separate the Global Media and Global Connect businesses through a spin-off of the Global Connect business.”  Global Media is the audience measurement division and Global Connect is the consumer data division.  CEO David Kenny says, “We are pleased with our third quarter results.  Both Media and Connect revenues were ahead of our expectations, reflecting strong execution as well as our focus on driving faster, bolder decisions to enhance value for Nielsen and for our clients.  We also announced today the conclusion of our strategic review and our decision to separate Global Media and Global Connect.  As we look forward, we remain focused on executing on our growth strategies and positioning both businesses to create value for our shareholders.”  The strategic review was led by chairman of the board of directors James Attwood, who says, “Nielsen has two strong and global franchises — Global Media and Global Connect.  Following an extensive review process, which included an in-depth analysis of our businesses, strategies and market opportunities, the Board concluded that separating into two independent, publicly traded companies is the best path to position each business for long term success and maximize value creation.  As independent companies, both Nielsen — the Global Media business — and the new company consisting of Global Connect will enjoy added flexibility and further strengthen their paths toward a new phase of growth, productivity and industry leadership.”

Q3 2019 Flat for Saga Communications. Third quarter net revenue for Saga Communications, Inc. was $31.3 million, basically flat compared to 2018’s Q3 figure of $31.7 million.  Station operating expense increased $171 thousand to $23.6 million and operating income decreased $520 thousand to $4.8 million compared to $5.3 million for the same period in 2018.  Net Income decreased $361 thousand to $3.3 million for the quarter.  On a same-station basis, third quarter net revenue decreased $1.4 million to $30.3 million.  Looking at the first three quarters of 2019, net income was flat with the same period in 2018 at $9.4 million.  Net revenue decreased $610 thousand to $91.3 million.  On a same-station basis for the nine-month period, net revenue decreased $3.8 million to $88.1 million.  Saga reports having $42.3 million in cash on hand as of November 4, 2019.  The company’s total bank debt was $10 million as of the end of the quarter.

PPM Analysis: Public Radio News/Talk. TALKERS magazine managing editor Mike Kinosian presents a look at the performances of radio stations based on data from Nielsen Audio’s October PPM survey, today focusing on the public radio news/talk format.  More than 60% of public radio news/talk stations were up (weekly 6+ AQH share) compared to the September 2019 survey.  Year-over-year, the results were split about 50/50, with half the stations up and half down. Four high-performing public outlets ranked #1 in their respective markets in October.  They were: WAMU-FM, Washington; KPBS-FM, San Diego; KOPB-FM, Portland; and KUT-FM, Austin.  Perennially top-ranked public outlet KQED, San Francisco ceded the #1 spot to Entercom’s all-news KCBS-AM, San Francisco in October.  See Mike Kinosian’s entire report here.

Sun Broadcast Group to Rep All of Envision Networks’ Products in 2020. This agreement between Sun Broadcast Group and Envision Networks is an expanded sales representation agreement that now includes all Envision Networks shows and services.  Envision Networks CEO and president Danno Wolkoff says, “We started with Sun Broadcast Group selling all of our Spanish inventory and began adding more general market advertising to their networks as we grew.  SBG’s ability to maximize our lineups and create networks with such high advertiser demand fueled the development of many new shows and services.  It’s only fitting that Jay [Bailey], Julio [Aponte] and the Sun team now represent all of Envision Networks’ advertising sales in 2020 … we’re thrilled to be working together.”

TALKERS News Notes. Greenville, South Carolina news/talk WYRD-FM “106.3 WORD” adds a translator to its broadcast.  Now carrying the station’s signal is W270AM, Anderson, South Carolina at 101.5 FM. Anderson is about 25 miles southwest of Greenville.  Entercom Greenville-Spartanburg SVP and market manager Steve Sinicropi says, “We’re happy to meet the demand from listeners and advertisers to expand 106.3 WORD’s over-the-air signal to Anderson County using 101.5 FM.  Anderson is a fast-growing market that we are looking forward to serving with 106.3 WORD’s programming on all of our platforms.”…..Kentucky sports talk host Matt Jones will be off his WLAP-AM, Lexington-based program after U.S. Senate Majority Leader Mitch McConnell filed a complaint with the Federal Elections Commission.  Jones has announced he’s exploring the possibility of running as a Democrat for McConnell’s senate seat.  The iHeartMedia station asked Jones to step away from the program after the complaint was issued.  Jones was relieved of his duties at WLEX-TV, Lexington in July after he made his political ambitions known…..Cumulus Media’s Westwood One is presenting a news special titled, “30 Years After the Fall: The Legacy of the Berlin Wall,” that explores the 30th anniversary of the fall of the Berlin Wall.  Correspondent Chas Henry hosts the program as he reports from the site where the Berlin Wall once stood.  He talks to scholars about why the wall was constructed and with residents who watched it come down.  The half-hour program airs Thanksgiving weekend.  Stations interested can contact Jim Jones at jimjones@westwoodone.com or 202-840-7933 for more information.

Impeachment Process, Ukraine Affair, 2020 Presidential Race, Tuesday’s Election Results, Mormon Family Massacre, China-Hong Kong Tensions, New HIV Strain, and OK Boomer Meme Among Top News/Talk Stories Yesterday (11/6). The impeachment process against President Trump; the testimony about President Trump’s alleged quid pro quo offer to Ukraine’s Volodymyr Zelensky; the Democrats vying to challenge President Trump in 2020; Democratic victories in Virginia and Kentucky in Tuesday’s elections; the massacre of nine members of a Mormon family by drug cartel members in Mexico; the ongoing tensions between Hong Kong and China; the discovery of a new strain of HIV; and the controversy over the “Ok Boomer” meme 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 the Fresno market, iHeartMedia names Angel “Visa” Jarquin program director for hip hop KBOS “B95.”  He comes to “B95” from his most recent position with the company’s CHR KDON, Monterey where he was afternoon drive personality and assistant program director.   iHeartMedia SVP of programming for Central California and Nevada Tony Matteo says, “Angel’s incredible track record of success and his experience in the format make him an ideal fit to spearhead this market’s leading brand in Fresno.  We’re excited to bring his energy to the ‘B95’ team.”…..JVC Media announces the addition of Long Island radio personality Bill “The Wiseman” Wise as morning host at WPTY-HD2/W251BY, Patchogue, New York “Oldies 98.1”  JVC New York general manager Bruce Shepard says, “The Wiseman is a great addition to our staff.  He will not only be on the airwaves of ‘Oldies 98.1,’ he will also work with the team to develop new and exciting live events and concerts for ‘Oldies 98.1.’  I am thrilled to have him on board.”…..Country outlet WYCD, Detroit  hosted last night’s “Stars and Strings Presented by RAM Trucks Built to Serve” event that raised more than $25,000 for Folds of Honor, the organization that provides educational scholarships to spouses and children of America’s fallen and disabled service members. Entercom has now raised more than $275,000 to support the cause.  The RADIO.COM event featured performances by Keith Urban, Maren Morris, Lady Antebellum, Kelsea Ballerini, Jon Pardi, Brett Young, and Ryan Hurd…..iHeartMedia’s rock WJRR, Cocoa Beach, Florida announces the all-star lineup for its “Earthday Birthday Number 27” music festival taking place on Saturday, April 18, 2020 at the Central Florida Fairgrounds and Orlando Amphitheater.  Performing will be: Shinedown, Halestorm, Theory Of A Deadman, Beartooth, Fozzy, Dirty Honey, New Years Day, Crobot, and Dinosaur Pile-Up, with more to be announced…..Cox Media Group classic hits WSRV, Atlanta “97.1 The River” will celebrate its 14th birthday with “The River’s Rockin’ Birthday Bash Presents: Journey with Pretenders” on Thursday, August 13 at Cellairis Amphitheatre at Lakewood in Atlanta.  Station director of branding and programming Chris Eagan says, “We can’t wait to celebrate The River’s 14th birthday with our awesome fans.  Journey and Pretenders will definitely put on an unbelievable show to help us party on August 13!”

Wednesday, November 27, 2013

| November 27, 2013

huckabeemikeMike Huckabee and Cumulus Media Networks Call it Quits on Daily Talk Show.  Governor Mike Huckabee’s daily commentaries will continue after the New Year but the daily, three-hour talk show will not.  Writing on Facebook, Huckabee says, “I have loved doing the Mike Huckabee show, and its success of going from launch to over 200 stations in less than two years is significant, but the contract was at a decision point for both Cumulus Media and me, and we mutually agreed to conclude.”  Huckabee’s program debuted in April of 2012 with the conservative politician and media personality (who is still seen on weekends on Fox News Channel) promising to host a “different” kind of talk show that offers “more conversation, less confrontation.”  There’s no way to know how successful CMN was in selling the show or how much money Huckabee made but it stands to reason the show was not making enough to justify continuing the effort on the part of either party.

bellpaulMedia Exec Paul Bell Named Business Director for Rush Limbaugh Print and Digital.  Premiere Networks announces the appointment of Paul Bell to the position of business director of Rush Limbaugh print and digital subscriptions.  Bell most recently worked with Dow Jones/The Wall Street Journal and will remain based in New York where he’ll report to CCM+E president of content and affiliate services for national media groups Julie Talbott.  Bell’s focus will be on all aspects of Limbaugh’s subscription businesses including oversight of strategic planning, directlimbaughrush marketing, circulation management, and subscriber acquisition and retention for Rush 24/7; The Limbaugh Letter; as well as The Limbaugh eLetter, the recently-launched digital version of the publication now available via desktop and on mobile devices.  While with Dow Jones/The Wall Street Journal, Bell was charged with overseeing strategy and business operations of The Wall Street Journal Sunday, the WSJ Wine Club and the WSJ and MarketWatch Radio Networks, as well as audio podcasting content licensing.  Prior to that, Bell served as vice president, radio and executive director of The Wall Street Journal Radio Network for seven years.  Julie Talbott states, “We couldn’t be happier to welcome someone of Paul’s caliber to our team.  His extensive background in direct marketing and business operations are a winning combination as we continue to grow Rush Limbaugh’s loyal print subscriber base and digital platforms.”

katzjeffspeaksJeff Katz to Host PM Drive on WRVA, Richmond.  Program director Jimmy Barrett tells TALKERS magazine that talk radio pro Jeff Katz is assuming the afternoon drive show from Clear Channel talk host Leland Conway who’s beenwrva logo doing that program and the midday show on the company’s WHAS, Louisville since the early fall.  With Conway now focused on Louisville, Katz can dedicate his attention to Richmond.  Barrett states, “We’re excited to have someone with Jeff’s experience anchoring our afternoon drive.  Jeff is funny, informative and a great match for the Richmond audience.  Best of all, he’s coming here because this is where he wants to raise his family.”  Katz has been part of the start-up at the Boston Herald’s online venture Boston Herald Radio hosting the morning show.  Katz has been a columnist for the Herald and produces commentary features that air on a number of affiliate stations.  He worked for Clear Channel in Boston on WXKS-AM prior to that station’s flip to sports talk.  He starts at WRVA on Monday, December 2.

greenconnections logo“Green Connections with Joan Michelson” to Debut on TalkersRadio this Saturday.  An exciting new weekly program geared to the environmental movement in modern industry and culture is set for launch this weekend on TalkersRadio – the online experimental talk radio station at Talkers.com.  The program will originate with brand new, one-hour installments on Saturdays at 3:00 pm ET that will be repeated at various timesmichelsonjoan throughout the week.  The program’s tag lines are “live green, work green, earn green” and “making cleantech cool.”  Its host and producer, Joan Michelson, is a highly respected and accomplished Washington, DC-based journalist who specializes in energy and sustainability.  She serves as the green expert on WTOP, Washington and has a blog on the Huffington Post, in addition to a number of major media platforms.  Describing the new show, Michelson tells TALKERS, “We inform, engage, and connect people with the cool things and opportunities in energy and sustainability.  Our stories range from politics and business, to jobs, gadgets, tips and the arts.  I am very excited about bringing this groundbreaking show to such an innovative radio platform as TalkersRadio.”  In announcing the launch, TalkersRadio general manager David Bernstein says, “This entertaining and informative program is a radio show whose time has come.  There is a huge information-hungry audience for this and potential advertisers are sprouting up all over the nation creating an exciting new arena of economic growth making it incredibly fertile for talk radio.  Joan Michelson brings a personal likability as well as tremendous knowledge to the discussion.  We are proud to be giving birth to and nurturing what promises to be a major broadcasting entity.  This SO fits the mission of TalkersRadio.”

millerdennisWestwoodOne Bumps Dennis Miller to Noon ET Start.  Nationally syndicated talk show host Dennis Miller’s WestwoodOne program will move to a new time beginning in January.  The company announces the show’s live air time will shift from the current 10:00 am to 1:00 pm ET slot to 12:00 noon to 3:00 pm ET effective January 6.  WestwoodOne CEO Paul Caine says, “WestwoodOne is happy to have the Dennis Miller show as part of our best-in-class lineup and programming.  Miller attracts a very large and opinionated audience who are actively engaged across audio platforms, including digital.  His show is a prime example of the critical role audio plays in cross-platform integration – a key element in the future of audio.”  Miller, who resides in California, currently hits the air live at 7:00 am PT.  He adds, “Thanks for letting me sleep in and continue to do the job that I love!”

salemcommunicationsSalem Communications Adds AM Signal to Miami Properties.  With the purchase of WOCN-AM, Miami from Deportes Media of Florida, Salem Communications will have another AM signal in the market to complement business talk WZAB, Christian talk WHIM and Spanish Christian formatted WKAT.  The price is $1.2 million for the station and its assets and another $1 million for the property on which the station and its transmitter sit.  WOCN-AM is a class C AM at 1450 currently operating at 1,000 watts in a non-directional pattern.

totaltraffic logoTotal Traffic + Weather Network Partners with TomTom.  The two companies believe the multi-year partnership will augment both their businesses.  Clear Channel’s Total Traffic + Weather Network says the arrangement will combine “TomTom’s industry leading real-time and predictive traffic flow data with Total Traffic + Weather Network’s traffic incident, construction and congestion data to create the mosttomtom logo comprehensive traffic solution available in North America.  The combined data offering will be available across multiple platforms including radio, television, automotive, online and mobile.”  CCM+E EVP engineering & systems integration Jeff Littlejohn states, “We are thrilled about this partnership.  Every day, more than 200 million drivers and thousands of our affiliates depend on TTWN for their traffic information.  We value that trust and are dedicated to delivering the most precise traffic data available. Therefore, we strive for best-in-class, strategic partners to advance our offerings. TomTom is a committed and innovative leader in traffic products. We are excited about creating new solutions together to provide the fastest, most accurate traffic information to drivers every day.”

topturkeysOdds & Sods.  Jack Callaghan leaves the sales end of the business to return to the mic at Clear Channel’s WTAM, Cleveland where he’s the new news director.  Callaghan was most recently eastern regional sales manager at Santa Clara, California-based Beat the Traffic…..Cumulus Media’s WPRO-AM and 99.7 FM in Providence produces its second annual “Top Turkeys” countdown that celebrates the notable and notorious from Southern New England.  This year’s winners included Rhode Island native and “Jersey Shore” star Pauly D confirming he’s a baby daddy; former Cranston Mayor Steve Laffey announcing a run for governor only to pull out three days later; and calamari – often a punch line for jokes in Rhode Island – failed to be voted the Official State Appetizer after the State Senate declined to vote on it altogether.  WPRO-AM PD Craig Schwalb says, “Thanksgiving offers WPRO the perfect opportunity to poke fun at some of the most interesting and most absurd news stories that occurred in the great state of Rhode Island this year.”  Check out the web feature here.…..ESPN Deportes Radio reaches what it terms a “sub-license agreement” with Fox to broadcast the UEFA Champions League.  The coverage kicked off with two live double headers: Zenit vs. Atlético and Ajax vs. Barcelona yesterday and CSKA Moskva vs. Bayern and Real Madrid vs. Galatasaray today (11/27).

crowleyjerryIt’s Like Déjà Vu All Over Again.  It is an extremely unlikely narrative – but it actually is happening.  When Clear Channel took over ownership of heritage radio station WOR, New York from Buckley Radio about a year ago, they moved it from its location in an iconic building on Trinity Place next to the historic Trinity Cemetery about a block from Wall Street to their already-established headquarters in a different part of lower-Manhattan.  And as we all know, they also made staff changes in both programming and management. These changes included the departure of longtime WORsantellinoelia VP/GM Jerry Crowley and his executive assistant Noelia Santelli.  Being, as TALKERS publisher Michael Harrison describes “one of the most savvy, connected and well-liked broadcasting executives in the Big Apple,” it didn’t take long for another radio company to recruit Crowley (as well as Santelli) for their own New York operation.  That company was Salem Communications for whom Crowley brought his talents as VP/GM of talkers WMCA (570) and WNYM (The Answer).  At that time, these stations were located close-by at Salem’s operation across the river in New Jersey.  Now for the good part — on December 9, Salem is taking advantage of the marvelous radio broadcasting space vacated by Clear Channel on Trinity Place and moving the operations of both stations into the same suite of offices and studios previously occupied by WOR.  That means that Crowley and Santelli (who is now Salem New York’s national sales manager and executive assistant to the general manager) will be moving back to their original offices and even the same desks and furniture!  Amazing!

Thanksgiving Holiday, ObamaCare Criticism, Iran Nukes Deal, Immigration Legislation, CBS Gives Lara Logan LOA, and Alec Baldwin Loses MSNBC Gig Among Top News/Talk Stories Yesterday (11/26).  The holiday weekend and the weather-affected travel situation; scrutiny of the implementation of the Affordable Care Act; the negotiations for an Iranian nuclear program deal; President Obama’s proposed immigration legislation; the leave of absence given to CBS reporter Lara Logan in connection with the “60 Minutes” Benghazi report; and Alec Baldwin’s MSNBC show gets cancelled after reports of his “homophobic” language and on-set behavioral issues were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS.

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