Tag: "WBEN-FM"

Thursday, February 16, 2017

| February 16, 2017

CBS Reports Q4 2016 and Full-Year Financials; CBS Presented as Discontinued Operation.  The latter is due to the pending merger of CBS Radio with Entercom and it means that CBS did not present any revenue information or operating income metrics for the radio division.  Here’s what the company has to say about the Entercom deal: “In connection with the transaction, which is expected to be tax-free to CBS Corporation and its stockholders, the Company intends to split-off CBS Radio through an exchange offer immediately prior to the merger.  The merger will create a well-capitalized company with a market cap in excess of $2 billion, a strong balance sheet, significant free cash flow, and the ability to pay an attractive dividend.  The combined company is expected to generate meaningful cost synergies within 12-18 months after the merger.  The Company expects to complete the transaction in the second half of 2017, subject to customary closing conditions.”  In a press statement, CBS Corporation chairman and CEO Les Moonves states, “2016 was a phenomenal year for the CBS Corporation, with all-time highs in revenue, operating income, and EPS [earnings per share] that came in above $4 for the first time in our Company’s history; and as we begin 2017, I couldn’t be more excited about our growth prospects in the years ahead.”  During yesterday’s investor conference call, COO Joseph Ianniello addressed the radio deal, saying, “CBS shareholders who participate in this split-off will own 72% of the combined company which will have best-in-class assets and will clearly be the best capitalized radio company in the industry.  The combined radio business will benefit from increased scale, stronger cash flow and real operational synergies which should drive higher profitability.  The new company will also have the ability to pay an attractive dividend.”

Cumulus Extends Early Tender Date for Note Exchange.  This is the third extension of Cumulus Media Inc’s offer for its previously announced private exchange offer for 7.75% Senior Notes due 2019 issued by Cumulus Media Holdings Inc.  Obviously not satisfied with the number of takers, the company is extending the early tender date to March 6 (5:00 pm ET).  The company explains that “Eligible Holders tendering their Outstanding Notes prior to the Early Tender Date, as extended that are accepted for exchange, will receive the ‘Total Exchange Consideration.’”  That exchange includes “revolving loans, the participation interests, the trust certificates and the shares of Class A common stock (or warrants, if applicable), Class D common stock and Class E common stock.”

TALKERS Editorial Board Tackling Freedom of Speech Award Decision.  The TALKERS magazine editorial board has begun the sensitive and often-controversial task of deciding its annual roster of major award recipients in the categories of “Lifetime Achievement,” “Woman of the Year,”  “Humanitarian of the Year,” and “Freedom of Speech” – the latter being the most potentially contentious of all – especially in today’s highly charged, politically polarized news/talk environment.  In his weekly address to the editors, TALKERS publisher Michael Harrison stated, “This award is always a sensitive issue because freedom of speech is one of the most difficult concepts to explain and the award is doubly difficult to defend – especially when a significant percentage of people immediately assume that the organization presenting the honor necessarily endorses the political position of the recipient.”  Harrison continued, “TALKERS has a distinguished history of non-partisanship in its editorial coverage of political news/talk media and this has been reflected in the diversity of positions held by the recipients of this prestigious award over the decades.  The award is not a reward for saying something ‘controversial’ with which we necessarily agree but, rather, for conducting oneself as a broadcaster in a manner that clearly displays the tenets of the First Amendment in action, as well as showing the courage of one’s convictions in facing the negative blowback and consequences of one’s public stance.”  Harrison cited Premiere NetworksSean Hannity, Salem Radio Network’s Michael Medved and former WTMJ, Milwaukee host Charlie Sykes among worthy candidates to be considered for this year’s honor, stating, “Hannity showed amazing courage coming out early and unswervingly for Donald Trump when it was not clear which way his core audience would swing and what the outcome of the primary and general election would be.  Medved, also a conservative, came out early against Trump and then stuck to his guns as an objective observer of the candidate and now-president’s pros and cons as he sees them – even against negative criticism from his listeners and even members of his own syndication company.  Sykes actually let his cool job in Milwaukee slide away rather than back down from his perception of the truth.”  Harrison concluded, “And there are many more examples of news/talk hosts having to take a principled stand with uncertain consequences as a result of this turbulent but exciting chapter of talk radio history in the making.”   The TALKERS awards will be presented on Friday, June 2 at Talkers 2017: A New Era in New York City.  For information about the 20th annual installment of the talk industry’s longest running and most important national convention, please click here.

TALKERS News Notes.  Beginning with this year’s 2017 NFL season, Washington Redskins football play-by-play (including some pre- and post-game programming) will be heard on Cumulus Media’s WMAL-AM/FM, Washington.  The games will continue to air on Red Zebra properties WTEM, Washington “ESPN980”; WWXT, Prince Frederick, Maryland; and WWXX, Buckland, Virginia.  This is a homecoming of sorts for Redskins football; the team’s games have aired on WMAL-AM from time-to-time as far back as 1942.  WMAL-AM/FM vice president and GM Jake McCann comments, “We are excited and honored to be working with the Redskins again.  The Redskins and WMAL were partners during the team’s three glorious Super Bowl-winning seasons.  We look forward to bringing the combined assets of WMAL to this exciting, renewed partnership.”…..NBA All-Star 2017 begins today and SiriusXM is offering coverage with special, live programming from New Orleans on its NBA Radio channel, in addition to the live broadcast of the 66th NBA All-Star Game.  Coverage will be hosted by Milwaukee Bucks guard Jason Terry, former players Eddie Johnson and Tim Legler, as well as Frank Isola, Jason Jackson, Joel Meyers, Justin Termine and Brian Geltzeiler…..The Forbes on PodcastOne network premieres “The Forbes List” today (2/16), featuring an in-depth look at the world’s top billionaires.  The show – hosted by Jordan Harbinger dives into the stories behind Forbes’ most famous lists, including the Forbes 400 list featuring the wealthiest Americans, as well as lists covering celebrities, music, sports, entrepreneurs, companies and the world’s most powerful people.  PodcastOne founder and executive chairman Norm Pattiz comments, “This makes our third launch of a new Forbes podcast and points out the strong relationship between Forbes and PodcastOne.  Jordan Harbinger has hosted “Art of Charm,” which consistently ranks in iTunes’ top 10.  This provides a combination that’s tough to beat.”

Violent Tragedy Strikes Dominican Radio Station.  Two radio journalists were shot dead and a third staffer was seriously wounded in a raid on a radio station in the Dominican Republic on Tuesday.  Numerous news outlets are reporting that news presenter Luis Manuel Medina and station director Leonidas Martinez were killed when unidentified men entered the station and shot Medina while he read a newscast and Martinez as he sat in his office.  Medina was streaming his newscast live on Facebook at the time of the attack.   It took place at radio station 103.5 FM in San Pedro de Macoris, a town near Santo Domingo.  The AFP reports that the organization Reporters without Borders states that journalists that investigate corruption and the drug business are often the victims of violent attacks.

Sports, Music, Politics and Talk Media.  TALKERS publisher Michael Harrison is joined in a free-wheeling dialogue by his long-time friend, New York City radio broadcaster Richard Neer as his guest on this week’s installment of the award-winning PodcastOne series “Up Close and Far Out.”  The two talk about the public’s and media’s obsession with Donald Trump, with an emphasis on the infiltration of sports and entertainment by political passions.  Richard Neer brings his diverse background as a legendary Big Apple music radio host (WNEW-FM), sports talker (WFAN) and best-selling author of the landmark book FM: The Rise and Fall of Rock Radio (Villard, 2001) to the discussion which focuses on the rapid morphing of the traditional left/right talk media paradigm into a more complex resistance/revolution chess game.  To listen to the podcast in its entirety, please click here or click on the “Up Close and Far Out” player box located in the right-hand column on every page of Talkers.com.

Trump Campaign Russia Communications/Flynn Exit, Puzder Withdraws From Labor Secretary Nomination, Reince Preibus’ Status, Trump vs Intelligence Community, Fate of ObamaCare, and NBA-NHL Action Among Top News/Talk Stories Yesterday (2/15).  The controversy over the resignation of National Security Advisor Michael T. Flynn and questions about the depth of communications between the Donald Trump campaign and Russian agents; Labor Secretary nominee Andrew Puzder withdraws from consideration for the cabinet position; questions about the status of White House Chief of Staff Reince Priebus after unconfirmed reports President Trump is unhappy with his work; the contentious relationship between Trump and the intelligence community; the fate of the Affordable Care Act after Aetna CEO Mark Bertolini told the Wall Street Journal the program is in a “death spiral”; and NBA and NHL 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.  The performer and host lineups have been announced for the March 5 iHeartRadio Music Awards taking place at the Forum in Los Angeles.  The evening will be hosted by Ryan Seacrest and will air live on TBS, TNT and truTV at 8:00 pm ET will be broadcast on iHeartMedia-owned stations nationwide, as well as on the iHeartRadio.  Performers will include: Katy Perry, Ed Sheeran, The Chainsmokers, Shawn Mendes, Thomas Rhett, Noah Cyrus and Big Sean, in addition to the previously announced Bruno Mars…..Entercom San Diego is expanding the platform for its culinary audio feature, “Lick the Plate,” which has been airing on alternative KBZT “FM94/9,” adult contemporary KXSN “Sunny 98.1,” and country KSON.  The David Boylan-hosted program will now be available in podcast format via the stations’ websites.  The radio stations will continue to promote the show via on-air teaser segments.  These changes take effect on February 27…..Radio programming for the 52nd Academy of Country Music Awards from Westwood One is being announced.  Westwood One and Cumulus Media are the official national radio partners for the ACM Awards.  There will be a three-hour ACM Nomination Special, hosted by Thomas Rhett, on March 25 from 9:00 pm to 12:00 midnight as part of “NASH Nights Live.”  The ACM Radio Row will take place on Friday, March 31 from 12:00 noon to 4:00 pm ET and Saturday, April 1 from 10:00 am to 4:00 pm ET.  Then, the five-hour ACM Night Of Event Coverage will happen on Sunday, April 2 from 7:00 pm to 12:00 midnight…..Beasley Media Group’s adult hits WBEN-FM, Philadelphia is announcing a new weekend program featuring Kathy Romano.  The show is titled, “Her Story,” and will air Sundays at 7:30 am.  Romano – who works for sister rock station WMMR as part of the “Preston & Steve” show – says, “I’m thrilled to be the host of ‘Her Story’ on 95.7 BEN FM!  This is giving me the opportunity for some girl talk that just doesn’t make sense on WMMR’s ‘Preston & Steve’ show.  There are so many amazing women with fascinating stories that we just don’t get to hear.  Every Sunday morning I’m going to bring listeners the great stories these dynamic women have to tell!”…..Radio One hip hop outlet WKYS, Washington announces that Danni Starr is joining “The Fam in The Morning” as co-host alongside QuickSilva.  Radio One DC SVP and general manager Jeff Wilson comments, “Danni is the full package.  She’s amazingly smart, well versed in music and community activism.  Danni is authentic and transparent about her struggles and victories.  That kind of energy and wit will serve our listeners well on-air, in social media and on the street.”  Starr has worked in radio for more than a decade and is the face of TLCme on the TLC network.

Midland Pays Valentine’s Day Visit to NASH Campus.  New country act and Big Machine recording group Midland is pictured here with “NASH Nights Live” co-hosts Elaina Smith (second from left) and Shawn Parr (second from right).

PPM Analysis: Country.  Managing editor Mike Kinosian presents his analysis of the ratings performances of country-formatted stations based on Nielsen Audio’s Holiday 2016 PPM survey.  In this report, see charts detailing country stations’ (6+) numbers over the past six PPM surveys, fluctuations from December to the Holiday survey, comparisons to performances in the Holiday 2015 and Holiday 2016 surveys, station market ranks and more.  Click here for more.

Thursday, January 5, 2017

| January 5, 2017

Emmis Communications Reports 2016 Fiscal Q3 Numbers; Radio Segment Basically Flat.  For the company as a whole – which includes radio, publishing and emerging technologies – net revenue was down 5.7% compared to the same period a year ago.  But publishing took the big hit.  Emmis Communications’ radio emmis-logosegment was basically flat – down 0.4%.  For the first nine months of the company’s fiscal year (March-November), the radio segment was down 1.2%.   In its filing with the SEC, the company explains, “For the nine-month period ended November 30, 2016, our performance exceeded the market average [as per Miller Kaplan data] in St. Louis, but we lagged the market average in New York, Los Angeles, Indianapolis and Austin…Our weak performance in Los Angeles mostly related to a format competitor that began directly competing against our station there in February 2015.  The revenue impact has been most pronounced since the fall of 2015. Emmis expects net revenues in Los Angeles will be up slightly from prior year for the three-month period ended February 28, 2017.” Emmis chairman and CEO Jeff Smulyan states, “Emmis Radio is not accustomed to underperforming its markets.  I wassmulyanjeff disappointed in our performance, but remain hopeful that recent ratings gains in Los Angeles and Austin, coupled with continued stellar performance in St. Louis, will lead to better performance in fiscal 2018.  The general sluggishness in the radio industry makes the need for NextRadio all the more important.  NextRadio, the smartphone app that provides free, portable FM radio listening, recently surpassed 10 million downloads and 25 million listening hours.  The Samsung Galaxy S7 and S7 Edge are now FM-enabled across all major wireless carriers in the United States and we reached an agreement with Sprint that keeps NextRadio preloaded on their Android devices.  If NextRadio succeeds, as I believe it will, it will help solve major challenges for every radio station, including ours: establishing a one-to-one relationship with our listeners, regaining our portability, and making us relevant to a generation that thinks terrestrial radio is uncool.  NextRadio gives us new, interactive revenue opportunities with current and potential advertisers – and it takes the compelling content created every day and provides a new platform for it.”

WABC, New York Expands ‘Bernie and Sid’ Show.  New York City news/talker 77 WABC Radio officiallybernieandsid17 announces the expansion of the late morning “Bernie and Sid Show” by an hour – now airing from 9:00 am to 12:00 noon.  Both Bernard McGuirk (right) and Sid Rosenberg (left) continue their roles on Cumulus Media’s WABC-based “Imus in the Morning” program – McGuirk as sidekick and Rosenberg as sports anchor.  It was a year ago that WABC launched the “Bernie and Sid” show that the station describes as delivering the duo’s “passionate conversation about the biggest topics in New York and across the nation” featuring “incredible guests and interaction with great New York listeners.”   WABC program director Craig Schwalb comments, “Bernie and Sid came out of the chute strong and haven’t slowed down.  We are thrilled to add more time to this great show.”

FNC Moves Tucker Carlson into Megyn Kelly’s Slot.  With Fox News Channel star Megyn Kelly nowcarlsontucker moving to NBC News, the cable news outlet announces that Tucker Carlson will move to the 9:00 pm ET slot held by Kelly.  Carlson launched a 7:00 pm ET show on FNC in November and Fox executive chairman Rupert Murdoch says, “In less than two months, Tucker has taken cable news by storm with his spirited interviews and consistently strong performance.  Viewers have overwhelmingly responded to the show and we look forward to him being a part of Fox News’ powerful primetime lineup.”  Taking over Carlson’s 7:00 pm ET slot is longtime FNC anchor Martha MacCallum.

rtdna17honoreesStan Hubbard, Nina Totenberg, and Steve Jones Honored with RTDNA First Amendment Awards.  The 2017 First Amendment Awards honorees have been named by the Radio Television Digital News Association.  There are five awards that will be presented at a ceremony at the Grand Hyatt in Washington, DC on Tuesday, March 14.  Hubbard Broadcasting CEO, president and chairman Stan Hubbard will receive the First Amendment Leadership Award.  NPR legal affairs correspondent Nina Totenberg will receive the RTDNF Lifetime Achievement Award.  ABC News Radio VP and general manager Steve Jones will receive the First Amendment Service Award.  Bloomberg Politics co-managing editors Mark Halperin and John Heilemann will receive the First Amendment Award.  And, CBS News correspondent Bill Whitaker will receive the Leonard Zeidenberg First Amendment Award.  RTDNF chair Kathy Walker comments, “At a time when freedom of the press is facing unprecedented challenges, our honorees stand up for values that are critically important to democracy.”

cooke17ces2017 Consumer Electronics Show.  “It’s getting hard to find a computer here.”  Media consultant Holland Cooke reports, from the Consumer Electronics Show in Las Vegas.  In today’s report, read how one popular Christmas present is both a radio friend and foe.  Click here for more.

Russian Hacking Allegations, Future of ObamaCare, Chicago Torture Case, WaPo Fake News Incident, Trump vs Ford and GM, Obama Lame Duck Actions, and NFL Action Among Top News/Talk Stories Yesterday (1/4).  The debate over whether Russia was involved in the hacking of DNC emails and President-Elect Donald Trump’s backing of Julian Assange’s assertion it wasn’t versus the CIA’s belief it was; the Trump Administration’s intention to repeal the Affordable Care Act; the case of a man with special needs tortured live on Facebook in Chicago; criticism of the Washington Post’s incorrect reporting of the Russian hacking of the U.S. electrical grid via a Vermont utility; Donald Trump’s challenges to automakers Ford and General Motors to not move American jobs to Mexico; the actions being taken by President Obama to preserve his administration’s legislation; and the NFL playoffs were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Odds & Sods.  In the Orlando market, iHeartMedia announces that talk WTKS-FM “Real Radio 104.1” programbradshawjack director Jack Bradshaw is now also overseeing the programming at sports talk W245CL “96.9 The Game.”…..Sports talk radio programmer Jason Barrett – president of Barrett Sports Media – reports he’s entering the podcasting space with a new, weekly show that will “give media professionals and sports radio and television fans a deeper look into the careers, strategies, and experiences of the industry’s best personalities, contributors, programmers, and executives.”  Barrett’s first episode hits the “air” on February 8…..Pubcaster WBUR, Boston – the market’s NPR affiliate is inviting public radio journalists, age 35 and under, to submit entries for the annual Daniel Schorr Journalism Prize.  Eligible works will have been broadcast or published between January 1, 2016 and December 31, 2016.  The $5,000 Schorr Prize – sponsored by WBUR and Boston University, and funded by Jim and Nancy Bildner – recognizes a rising star in public radio and seeks to inspire a new generation of journalists to stretch the boundaries of the medium.

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radioinfo-web-bannerEntercom Splits WAAF, Boston Simulcast; Launches Urban ‘The New 97.7.’  For years, Entercom has been simulcasting rock outlet WAAF (licensed to suburban Westborough) on the 107.3 frequency and on WKAF (licensed to south suburban Brockton) on the 97.7 frequency.  Now, the company splits that and launches an urbanwkaf outlet on WKAF branded “The New 97.7, Boston’s #1 For R&B.”  Entercom says for WAAF the simulcast “delivered little appreciable audience beyond the primary station’s booming signal.”   Programming the new urban outlet is Chris Malone, who arrives from Cumulus Media’s WRBO and WKIM in Memphis.  The station is being consulted by Jay Dixon, KBLX/KRBQ, San Francisco director of programming and operations Elroy Smith, and Sean Ross, VP of music and programming for Edison Research.   Entercom New England VP/market manager Phil Zachary says, “Boston has a higher concentration of African-American consumers than San Francisco or Los Angeles, but no rated urban signals.  The prospect of reaching almost 8% of the population with one radio station in a top 10 market is almost inconceivable in 2017.”

CBS RADIO Flips WZMP, Philly to AC as ‘Today’s 96.5.’  The former CHR outlet drops the hit intensive “96.5wzmp AMP’ brand and re-positions WZMP as a workplace-friendly adult contemporary as “Today’s 96.5.”  Bobby Smith is serving as the station’s program director.  He states, “This is a station that will make you forget that you’re still at work, with one great song after another, while delivering on the promise of having fewer interruptions so you can always look forward to hearing another great song.”

iHeartMedia Orlando Promotes Brian Mack and Dwight Ricketts.  At the Orlando cluster ofmackbrian iHeartMedia, Brian Mack is being named the new program director for adult contemporary WMGF rickettsdwight“Magic 107.7.”  In addition, Mack will become the vice president of branding for the cluster.  This is a newly created role in which he’ll oversee the marketing strategy for the company’s nine radio stations.  He will also continue to serve as the program director for CHR WXXL “XL 106.7.”  At the same time, “104.5 The Beat” afternoon personality Dwight “D-Strong” Ricketts is named PD for the hip hop outlet heard on translator W283AN (licensed to Altamonte Springs).

Matt Cord Moves to Mornings at WBEN, Philadelphia.  Making the move from rock to adult hits is Mattwbenfmamshow17 Cord, who is partnered up with Kristen Herrmann for the morning drive show on Beasley Media’s WBEN-FM, Philadelphia.  Cord was most recently evening personality on the company’s sister rock outlet WMMR.   Cord says, “Coming from WMMR, I know how important and powerful morning radio can be.  Moving to mornings on BEN FM is a great opportunity for me to stay with Beasley Media Group and offer another great option for Philly morning radio listeners.  I’m thrilled to work with Kristen, too.  She’s super talented.  We’re going to have a lot of fun.”

More Music Radio News and Career Moves.  In the Denver market, Kroenke Sports Entertainment names Bo Jaxon program director and morning personality (alongside Jenny D) at its country KWOF “92.5 The Wolf.”  Jaxon, who takes over for Ed Hill, continues his role as program director for the company’s hot AC KIMN “MIX 100.”…..In San Francisco, KFOG morning host Matt Pinfield announces he’s taking some time off from duties at the Cumulus Media triple A station to deal with his alcohol abuse issues…..Rick Daniels is named the brand manager at Leighton Broadcasting’s country KYCK, Grand Forks, North Dakota.  He replaces Brandon Young…..At Impact Radio Group in Boise, Curtis Booker moves up from APD and afternoon personality to program director for hot AC KZMG “My 102.7.”

kinosianmikePPM Analysis: CHR.  Managing editor Mike Kinosian presents this analysis of the performances of CHR-formatted stations based on data from the December 2016 PPM survey from Nielsen Audio.  Find out which stations saw the biggest (6+) increases from November to December and from December 2015 to December 2016.  Also, five CHR outlets ranked #1 in their respective markets (6+) in December.  Find out which ones, and more, here.

Can the Radio Station Overcome Smothering Debt and Become
a Viable Business Again?

| May 2, 2013

Mike Kinosian, Managing Editor
RadioInfo and Talkers

LOS ANGELES — Chalk it up to misreading the economic tealeaves or perhaps to good old-fashioned avarice, but several radio groups have fallen victim to the, “(S)he who has the most toys, wins” hypothesis.

Debt #1Monopoly Board“Winners” managing to run the board in today’s all too real game of Radio Monopoly are rewarded by becoming further ensconced in deeper, darker, debt.

Administer sodium pentothal to a cross-section of radio managers and the overwhelming majority will vociferously state that, owing to its cookie-cutter nature and mounting pressure to deliver grossly unrealistic percentages to the bottom line, the business is no longer fun. Countless executives at high-billing, strong ratings performing outlets have been unduly placed in the gut-wrenching position of laying off personnel and making other vital cutbacks – forced to share the load of paying for what could be considered out-of-control acquisition sins at the corporate level.

Read More

Tuesday, March 19, 2013

| March 19, 2013

DG-logoHorizontalMore Big Changes at Dial Global as Spencer Brown and Ken Williams Resign; Time, Inc. CRO Paul Caine to Take Over as CEO.  Dial Global announces that Paul Caine has resigned his post as chief revenue officer at Time, Inc. to become the chief executive officer of Dial Global and become a member of the cainepaulboard of directors.  Spencer Brown resigns his post as CEO and Ken Williams does the same as president.  The two will stay on until April 4 when the change takes place.  The company says, “Caine joins to create a new opportunity for Dial Global to expand the marketing and monetization of audio, starting with the Company’s lineup of premier sports, entertainment and news content that includes the NFL primetime games (including the Playoffs and Super Bowl), the NCAA Men’s Basketball Tournament, CBS Radio News, NBC News Radio, the brownspencerNBC Sports Radio Network, and the Grammys. As mobile platforms continue to multiply the occasions for listening, the demand for premium digital audio content is growing fast. This represents a substantial, undeveloped opportunity for content providers, distribution partners and marketers alike.”  Paul Caine says of joining the company, “Dial Global will propel the growth of audio as the essential medium for the mobile experience.  We have premium content, top-tier distribution, and prestigious live event assets.  Our opportunity is to expand these experiences for consumers, broaden our repertoire of content partners, and integrate our on-air, digital and live event offerings to create compelling engagement for advertisers.”  In a statement from the company, Spencer Brown comments on his exit, “Along with our former partner David Landau, Ken and I have taken Dial Global a long way.  Now the company needs a chief executive with a different skill set to steer it through its next phase of growth.  We believe Paul is uniquely well-qualified to do just that.”

Cumulus Reports 2012 Q4 Net Revenue Up 1% on Strong Political.  Cumulus Media announces 2012 Q4 numbers and financial figures for the whole of 2012.  For the fourth quarter of 2012, Net revenue was up $2.9 million – 1% — on revenue of $284.2 million, compared to $281.3 for the same period a year ago.

cumulusLew Dickey Says with Promised Synergies in Place, ‘Cumulus Optimizes’ and ‘Invigorates’ Radio Networks Division.  During Monday’s conference call with analysts, Cumulus Media chairman and CEO Lew Dickey explained some of the company’s strategies and recognized the programming effortsdickeylew that included “launching shows with Governor Mike Huckabee, Geraldo Rivera, Sanjay Gupta and Michael Savage as well as some other initiatives that we have focused on.  We also announced the launch of, huckabeemikeimportantly, the CBS Sports Radio Network in collaboration with CBS, and the launch of Right Now Traffic in partnership with Radiate Media. These give us strong ownership positions going forward into two key verticals, sports and traffic.”  Lew Dickey reiterated the company’s happiness with the purchase of the former WFME, Newark, calling it “a tremendous value at just $40 million.”  As expected he promoted Cumulus’ country music strategy, saying the new WNSH, New York “enabled us to bring the country format back to New York for the first time since the mid-90s…with a very strong brand, ‘NASH FM.’  The NASH brand was extremely well received by listeners, advertisers, general media and particularly the Nashvillenashbashsheltonsmall entertainment community, and we further capitalized on this with a three-day concert for our advertisers and listeners last savagemichaelmonth, which was the ‘NASH BASH’ at the Roseland ballroom.  NASH FM will become the flagship for our larger national country initiative that we are in the process of rolling out throughout the rest of this year. It will ultimately be a multimedia platform brand for Cumulus, targeting that key audience segment, which is about 85 million Americans.  It will be through our O&O group as well as syndicated through our network…as well as through a mult-imedia platform.”   Dickey told analysts he expects the NASH FM, traffic, CBS Sports and digital platforms to break even in 2013 and be poised for profit in 2014 saying they are, “in essence, startup businesses, new entrants into respective arenas such as sports, and traffic in particular.”  Dickey was asked about the network business, the talk business in particular and he referenced, without naming names, the Rush LimbaughSandra Fluke incident.  “Clearly, it’s been well documented that the talk side has been challenged – most of that due to some of the issues that happened a year ago.  So there has been residual hangover on the talk side in terms of advertisers sitting out and not placing there…that’s had an impact not only on our network business but it’s had an impact on some of the news/talk stations in the top markets in our O&O group.”  Dickey reported that business that is typically placed in the first quarter was, in many cases not placed until the late part of the first quarter of this year and a lot of that business “is now starting to come back into the marketplace.”  The Cumulus Media conference call details come courtesy of Seeking Alpha.  See more at SeekingAlpha.com.

kprc logoKPRC, Houston Re-Brands; Adds Janine Turner for Daily PM Drive Show.  Clear Channel Houston talk outlet KPRC finalizes its shift from a more “hot talk” format to a more traditional news/talk format and swaps turnerjaninebranding, leaving behind the “9-5-0 Radio Mojo” and implementing the new “Houston’s More Stimulating Talk Radio” positioner.  The lineup includes: Joe “Pags” Pagliarulo in morning drive; Premiere’s Glenn Beck; local host Michael Garfield; local personality Matt Patrick (who’s also heard in AM drive on sister KTRH); and Janine Turner.  Texas-based Turner – the actress known for her work on the 1990s TV show “Northern Exposure” – has been producing her own radio show for a couple of years now and is added to the 5:00 pm to 7:00 pm slot on KPRC.

greatermediaGreater Media Philly Honored with Top Workplaces Accolades for Second Straight Year.  In a survey of employees conducted by Workplace Dynamics for the Philadelphia Inquirer and Philly.com, Greater Media’s Philadelphia cluster of stations was named among the Top Workplaces again this year.  VP and market manager John Fullam says, “Great companies start with great employees.  We believe the workplace environment is an essential part of creating a successful organization.  We are fortunate to have such an outstanding team dedicated to serving Philadelphia, our listeners and advertising partners every day.”  Greater Media operates rock WMMR, classic rock WMGK, adult hits WBEN-FM and sports talk WPEN-FM.

arbitronArbitron Releases the RADAR March 2013 Radio Network Ratings.  Arbitron reports that the RADAR (Radio’s All Dimension Audience Research) March 2013 “is the standard currency for national network radio ratings and measures 46 individual radio networks.”  The networks are operated by American Urban Radio Networks, Crystal Media Networks, Cumulus Media Networks, Dial Global Inc., Premiere Networks, and United Stations Radio Networks.  The survey concludes “that nearly 180 million Persons 12 and older, or approximately 68% of this demographic, heard one or more network radio commercials in an average week of the survey period.”  Further, the survey states commercials that aired on the 46 radio networks measured reached: 68.2 % of Persons aged 12+ (179,923,000 Persons); 68.6% of Persons aged 18+ (163,738,000 Persons); 68.1% of Persons aged 35+ (113,417,000 Persons); 70.9% of Persons aged 18-49 (95,091,000 Persons); and 71.7% of Persons aged 25-54 (89,654,000Persons).

premiere networks 2Premiere Networks Touts ‘Strong Rankings’ in RADAR 116.  Clear Channel Media and Entertainment-owned Premiere Networks sells 17 of the 46 networks included in Arbitron’s RADAR 116.  In this survey, Premiere lays claim to having “earned the number one spot in rankings for AQH and Cume among all 46 measured RADAR networks in RADAR 116 for Persons 12+.  Premiere FOX News Advantage ranked number one on an AQH basis for Persons 12+ (All Broadcasts, Monday-Sun 5AM-12M, AQH) and Premiere Spectrum debuted in RADAR 116 as the highest-reaching network for Persons 12+ (All Broadcasts, Monday-Sunday 12Midnight-12Midnight broad daypart, Cume).  Premiere also points to the performance of its networks based on lifestyle groupings, stating, “Young Influencers and Premiere Super Moms ranked number one and two, respectively, in reaching Moms 25-54 (Women 25-54 with children under 12).  Premiere Super Moms took the lead position followed by Premiere Young Influencers in reach for Working Women 25-54 (work status: full time/part time) among all 46 measured RADAR networks in RADAR 116 (All Broadcasts, Monday-Sunday 12Midnight-12Midnight broad daypart, cume audience).  The RADAR 116 sample consists of 395,844 diary keepers/PPM panelists/respondents.  PPM panelists comprise approximately 53% of the total respondent listening sample.

Effects of Sequester/Budget Battle, State of the Republican Party, Cyprus Bank Deposit Tax, Steubenville Rape Case, and Tom Perez Named Labor Secretary Nominee Among Top News/Talk Stories Yesterday (3/18).  The budget battle in Washington and the effects of the sequester; analysis of the state of the Republican party and its future; the Cyprus bank deposit tax and its effect on world markets; the guilty verdicts in the Steubenville, Ohio rape case; and President Obama’s nomination of Tom Perez as labor secretary were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS.