John Hogan’s Exit from Clear Channel Cushioned with Cash. Although the official line from former Clear Channel Media + Entertainment chairman and CEO John Hogan and the company is that he wanted to “spend more time with his family” and the time was right, a fair number of jaded industry watchers will never believe he wasn’t forced out – especially just seven months after he was moved to the company’s New York City offices to work more closely with CC Media Holdings chairman and CEO Bob Pittman. The company’s 8-K filing details what Hogan is walking away with after his time leading the division. Here’s what he can count on: $900,000, representing the amount previously earned by Hogan pursuant to a supplemental incentive plan with respect to 2012 performance; an annual bonus of $77,250 for performance during 2013; and a prorated annual bonus with respect to the days he was employed during 2014. Pursuant to the Separation Agreement and in consideration of the extension by Mr. Hogan of certain restrictive covenants applicable to him, the vesting of 93,076 restricted shares of Class A Common Stock of CCMH granted to Mr. Hogan on October 22, 2012 will be accelerated and CCMH will repurchase 83,938 of such shares (the aggregate repurchase amount of such repurchased shares, the “Repurchase Amount”), provided Mr. Hogan does not revoke the Separation Agreement. Additionally, in exchange for the Separation Agreement, Mr. Hogan’s release of claims and the extension of certain restrictive covenants applicable to him, and provided that Mr. Hogan does not revoke the Separation Agreement, CCB agreed to pay Mr. Hogan: $333,000, representing the remaining amount earned by Mr. Hogan pursuant to a supplemental incentive plan with respect to 2011 performance; an “equity value preservation payment” equal to $1,027,355, paid in a lump sum payment; a lump sum severance payment equal to (x) $1,538,000 minus (y) the Repurchase Amount; a severance payment equal to $3,297,000, paid over 36 months; and a payment of $1,000,000, paid over 12 months, beginning on the first anniversary of the date of separation. Hogan is also entitled to receive continued healthcare coverage for 36 months, continued secretarial services for 6 months, $20,000 in outplacement services, and a housing allowance of $25,000 per month for up to 9 months, which amount is grossed up for certain applicable taxes; provided, that the housing allowance payments will stop if Mr. Hogan ceases to have obligations under the terms of his current lease agreement. CCB also will pay up to $25,000 for Mr. Hogan’s reasonable legal fees incurred in connection with the negotiation of the Separation Agreement.
Sean Hannity to Air on Salem’s WDTK, Detroit. The Motor City destination for Premiere Networks’ Sean Hannity show is Salem Communications-owned WDTK. The program will air live in the 3:00 pm to 6:00 pm slot. It previously was heard on crosstown news/talk WJR since its 2001 national debut. WDTK general manager Chris MacCourtney states, “The opportunity to bring Sean Hannity aboard was one we felt we could not pass up. Sean was an instant hit when he came to Detroit and he continues to be one of the most popular talk personalities in the market. He will join an already solid lineup of talk talent on ‘News/Talk 1400.’” Since the first of the year, Hannity’s program had been added to Salem outlets WIND, Chicago; WWRC, Washington; and KSKY, Dallas.
Double Shot of WGN, Chicago News. Two items from Tribune’s WGN, Chicago: First, as Chicago media writer Robert Feder reported over the weekend, assistant program director Alex Quigley has been upped to operations manager at news/talk WGN, Chicago. Quigley worked in the market at former Emmis alternative rock WKQX as interactive program manager. When he first came to WGN he hosted the weekend show “ChicagoNow Radio” and “Chicago Preps Plus.” WGN vice president of creative content Todd Manley said in a memo to staffers, “This is a recognition of Alex’s role in our expanding future…He’ll be mentoring producers and searching for new talent that builds our farm system, coordinating special programming, scheduling, digging deep on ratings analysis, and dreaming big dreams.” Second, longtime television news personality Walter Jacobson brings his “Perspective” commentaries to the station beginning this Thursday. Robert Feder reports that the longtime WBBM-TV anchor who exited the station last February will present his 90-second feature on Thursdays during Bob Sirott and Marianne Murciano’s midday show and they will be repeated on the weekend during “The Sunday Spin: Politics with Rick Pearson” program. Jacobson will also appear as a contributor to various shows on WGN. Jacobson tells Feder, “Having been listening to WGN Radio since the day I became a reporter, and believing it’s the best in the business, I’m thrilled to be joining the team. For me, it’s a perfect fit at a perfect time. The station’s coming back, and 2014 is going to be an intriguing and exciting year in Chicago’s wild and woolly politics.”
Salem Communications Buys Eagle Publishing for $8.5 Million. It had been reported recently that this deal was on the way and now it’s official as Salem Communications enters into a deal to purchase the assets of Eagle Publishing that includes conservative book publisher Regnery Publishing, and digital properties RedState.com and HumanEvents.com. In a statement, Salem CEO Edward Atsinger III says, “Eagle is one of the most influential companies in the conservative media space. Its addition to Salem brings together a unique portfolio of conservative media properties and fits with our strategy of integrating traditional media and new media assets all serving the same target audience. The opportunity we like most about this acquisition is that each of Eagle’s businesses matches up so well with Salem’s extensive media platform. With 102 radio stations and a dozen major national websites all targeting the conservative community, this provides a perfect marketing platform to promote Eagle’s products to a wider audience.” The purchase price is $8.5 million and current Eagle CEO Jeff Carneal will exit the organization as a result of the acquisition.
‘A-List’ Talent Jon Bon Jovi and John Fogerty Added to Howard Stern Birthday Broadcast. The January 31 birthday bash broadcast for SiriusXM’s Howard Stern just added two more “A-list” talents as Jon Bon Jovi and John Fogerty will join Steven Tyler, David Letterman and Louis C.K. for the show to be hosted by Jimmy Kimmel live from the Hammerstein Ballroom in New York City. On his program, Stern announced, “We have told you on the music side of things that we have Steven Tyler coming by to do a little number in honor of my birthday, I’m so honored…[today] I am excited [to announce that]…Jon Bon Jovi is going to perform…I am very excited to see Jon and thank him for that. And also one of my heroes will perform that night—one of the greats, the all-time greats. A guy whose every record I bought when he was in Creedence Clearwater Revival, and later his solo stuff, John Fogerty will come by to perform two great songs – I won’t say what the songs are, [but] we’re really excited about that…the list just begins there, Robin, it just begins there [there is] a huge amount of musicians coming by to help us out…it’s great.”
Sports Talk Host Jeff Dubay Exits KSTP, Minneapolis in Budget Move. Twin Cities sports talk personality Jeff Dubay, who fought a public battle against drug addiction to return to the airwaves in the market on Hubbard Radio’s KSTP, has left the station in what he says is a budget-related move. The Star-Tribune reports Dubay – who worked at Clear Channel’s “KFAN” sports talk brand for 10 years before a crack cocaine addiction sidelined him – sent social media messages indicating that he was let go from the late morning show he co-hosted with Judd Zulgad because of financial reasons. The station posted a message on its Facebook page confirming the matter was financial and not performance related. The paper reports KSTP waived Dubay’s non-compete and he is free to work in the market if the opportunity arises.
Shannon Staying With the Redbirds. St. Louis Cardinals fans will continue to hear Mike Shannon as the voice of the National League team that appeared in the 2013 World Series, as the former MLB player signs a two-year contract extension. This will be Shannon’s 42nd year as a Cardinals broadcaster and 56th year with the team. According to club president Bill DeWitt, “Mike’s voice has become the soundtrack to St. Louis baseball. We look forward to having him back in the booth this season and for years to come.” It is anticipated that Shannon will call all Cardinals’ home games this year for St. Louis flagship KMOX and roughly 30 road games for the CBS Radio-owned talk station. Fox Sports Midwest‘s Rick Horton and former lefty relief pitcher Al Hrabosky will do the remaining road games. Shannon will continue his work throughout the year on KMOX pre-game, post-game, and morning drive call-in segments.
Great Read! TALKERS publisher Michael Harrison is pictured intensely absorbing the new book authored by independently syndicated talk show host Jim Blasingame titled The Age of the Customer: Prepare for the Moment of Relevance (2014 SBN Books). Blasingame is the longtime host of the very successful program “The Small Business Advocate Show” which is targeted to helping independent entrepreneurs and business owners cope with the day-to-day issues that face people running their own companies during this era of rapidly accelerating change. This book, Blasingame’s third, is “his best work yet,” according to Harrison and “must-reading for anyone out there on the perilous high seas of today’s turbulent marketplace…especially those who are doing it independently without the backing of the Wall Street/banking/big-time money machine.” Harrison goes on to say, “This includes those brave and hardy ‘Davids’ owning and operating independent radio stations and small groups, syndication companies and internet communications startups bucking the death grip of today’s mega-corporate ‘Goliaths.’” The premise of the book is that small business owners are operating at a time that is so momentous it has never happened before. Blasingame, a veteran of TALKERS magazine’s Heavy Hundred, identifies it as an epochal marketplace shift that’s causing the 10,000 year old Age of the Seller to be replaced by the Age of the Customer. With an introduction by Steve Forbes, Blasingame’s book reveals how these two ages are existing concurrently in parallel universes, and how much time business-people have left to join the emerging universe. He says relevance is replacing competitiveness and explains how to recognize when you arrive at the “moment of relevance,” how to connect with “new-influencers” who co-own your brand message; why you must be a good storyteller; the good, the bad and the ugly of social media; and he identifies the “killer app” that wasn’t a part of your past but will dominate your future. Broadcasters interested in learning more about this book and perhaps scheduling Jim Blasingame as a guest can visit AgeoftheConsumer.com or email email@example.com.
WHYY, Philadelphia-Led Local Journalism Center Awarded CPB Grant. The recipient organization of a Corporation for Public Broadcasting grant for $1.5 million is the new multimedia local journalism center (LJC), Keystone Crossroads — a collaboration of Pennsylvania public media stations. The new Keystone Crossroads is led by WHYY, Philadelphia. Pittsburgh’s WQED and WESA FM, Central Pennsylvania’s WPSU and Harrisburg’s WITF will be partner stations. The LJC will focus on the challenges the cities are facing, including a shrinking tax base and crumbling infrastructure, and enormous budget deficits. The Corporation for Public Broadcasting states, “By combining smart storytelling with energetic civic engagement, Keystone Crossroads will help Pennsylvanians see the challenges of their cities more clearly, understand how they are related, and create a forum for potential solutions at both the local and state levels.” CPB president Pat Harrison adds, “Local Journalism Centers are really centers of collaboration comprising public media stations working together to report on local stories with significant impact. This kind of focused collaboration ensures in depth reporting on issues of importance and concern to Pennsylvanians and of interest to all Americans.” In addition to Keystone Crossroads, CPB funds six other LJCs across the country, including: EarthFix based in the Northwest; Fronteras in the Southwest; Harvest in the Midwest; Innovation Trail in upstate New York, the Southern Education Desk in the South, and most recently the Energy LJC in the Rocky Mountains.
Chris Christie Scandal, Hillary Clinton in 2016, New Congressional Spending Deal, ObamaCare Enrollment Status, A-Rod Suspension/Legal Challenge, and Golden Globe Awards Top News/Talk Stories Yesterday (1/13). The ongoing analysis of the Chris Christie lane closure scandal and apology press conference; speculation about Hillary Clinton’s plans to run for president in 2016; the new $1 trillion spending plan approved by Congress; enrollment in healthcare plans via the Affordable Care Act; Alex Rodriguez 162-game suspension and his plans to challenge the arbitration ruling; and the aftermath of Sunday’s Golden Globe Awards were some of the most-talked-about stories on news/talk radio, according to ongoing research from TALKERS.
Talkers New Media Seminar LA set for Thursday, October 11 is Sold Out! The agenda is basically set and most of the sponsors announced for the forthcoming Los Angeles installment of TALKERS magazine’s two-part New Media Seminar 2012 (the first part took place in New York on June 7). According to TALKERS VP/executive editor Kevin Casey, “The venue is intimate and even kind of funky making for a very relaxed and informal environment – conducive to the kind of communicative and networking environment we hope to achieve. The problem, however, is that unlike industry events that are held in convention centers and big hotels, we are working with a finite amount of seating and space which we are obligated by city regulations not to exceed.” TALKERS New Media Seminar LA is scheduled for Thursday, October 11 between 9:00 am and 5:00 pm in association with the Los Angeles Press Club at the Steve Allen Theater in Hollywood. Registration has only been open to working media. A registration “stand-by” list is being maintained until this Friday (10/5) for those willing to take a chance. Some sponsorships however are still available. For stand-by registration and sponsorship information call 413-565-5413. The agenda for the event is as follows:
9:00 am – 9:50 am
Bagel Breakfast Party
Sponsored by Brent’s Deli
9:50 am – 10:00 am
Speaker: Michael Harrison, Publisher, TALKERS
10:00 am – 10:15 am
Speaker: Norm Pattiz, CEO, Courtside Entertainment
10:20 am – 11:00 am
“The Big Picture: Spoken Word Radio”
Moderator: Michael Harrison, Publisher, TALKERS
Panelists (in alphabetical order):
Phil Boyce, VP/Director, Spoken Word Format, Salem Communications
Ron Hartenbaum, President, WYD Media
Kraig Kitchin, CEO, Sound Mind, LLC
Don Martin, VP Programming, Fox Sports Radio/OM KLAC, Los Angeles
Mike McVay, Senior VP Programming, Cumulus Media
Harvey Nagler, VP, CBS Radio News
11:05 am – 11:20 am
“Interactivity and Video: The Key to Your Business Future”
Speaker: Walter Sabo, Chairman, Sabo Media
11:25 am – 11:35 am
“The Radio Personality as Entrepreneur”
Introduction: Jeff Wasserman, President, Life Coach Media
Speaker: Ken Rutkowski, host, “Business Rock Stars,” KFWB, Los Angeles
11: 40 am – 12:20 pm
“The Challenges of Hosting a Talk Show in 2012”
Moderator: Mike Kinosian, Managing Editor/West Coast Bureau Chief, TALKERS
Jerry Doyle, Host, Talk Radio Network
Heidi Harris, Host, KRLA, Los Angeles
Lars Larson, Host, Compass Media Networks/ KXL, Portland
Doug Stephan, Host, “Good Day”
Alan Stock, Host, KDWN, Las Vegas
Eric Weiss, president, The Weiss Agency
12:25 pm – 12:40 pm
“Woman of the Year Award”
Introduction: Carole Marks, CEO, Talk Media, Inc.
Presenter: Stephanie Miller, Host, WYD Media
Recipient: Robin Bertolucci, PD KFI/KTLK, Los Angeles
Sponsored by TuneIn
12:45 pm – 1:00 pm
“Database Your Tribe…Now!”
Speaker, Holland Cooke, Consultant, Holland Cooke Media
1:00 pm – 1:50 pm
Sponsored by Brent’s Deli
1:50 pm – 2:20 pm
“Making Money in Talk Radio: Challenges and Opportunities”
Introduction: Michael Zwerling, President, Michael Zwerling Media/Owner KSCO, Santa Cruz
Moderator: Brent Seltzer, Host, Podjockey
Bob Moore, President, Courtside Entertainment
Rusty Humphries, Host, Talk Radio Network/WGST, Atlanta
Michael Zwerling, President, Michael Zwerling Media/Owner KSCO, Santa Cruz
Sponsored by Michael Zwerling Media
2:25 pm – 3:05 pm
“The State of Talk Programming”
Moderator: Kevin Casey, VP/Executive Editor TALKERS
Panelists (in alphabetical order):
Skip Essick, PD, KMJ-AM/FM, Fresno
Kevin LaRue, PD KSL, Salt Lake City
Andy Ludlum, PD, KNX, Los Angeles
Garret Lewis, PD/morning host, KNST, Tucson
Dave Sniff, PD, KFMB, San Diego
Chuck Tyler, PD, KRLA/KKLA, Los Angeles
Sponsored by Premiere Networks
3:10 pm – 3:45 pm
“The Modern Day Pioneers”
Moderator: Patt Morrison, Host/Interviewer, KPCC, Los Angeles; Columnist, Los Angeles Times
Panelists (in alphabetical order):
Ian Freeman, Co-Host, Free Talk Live
Sam Hasson, President/Founder, LATalkRadio.com
Michael Horn, CEO, CRN Digital Talk
Tom Leykis, President/Host, The New Normal
Shadoe Stevens, Host, Mental Radio, Sirius/XM Satellite Radio
Sponsored by CRN Digital Talk
3:45 pm – 4:20 pm
“The Art of the Show”
Moderator: Bill Moran, President, Bill Moran & Associates
Panelists (in alphabetical order):
Jerry Doyle, Host, Talk Radio Network
Bill Handel, Host, KFI, Los Angeles
Karel, Host, KGO, San Francisco
Neil Larrimore, PD, KFYI/KGME, Phoenix
Eric Stanger, VP Operations, The Sean Hannity Show, Premiere Networks
Sponsored by TRN
4:20 pm – 5:00 pm
Afternoon Sessions and Keynote
Americans for Limited Government, BMX/XtreMedia, Brent’s Deli, Christie Communications, Comrex Corporation, CRN Digital Talk, Federation for American Immigration Reform, Focus Communications, Inc., Free Talk Live, LATalkRadio.com, Life Coach Media, Podjockey, Premiere Networks, Talk Radio Network, Talk Radio News Service, TuneIn, WYD Media, Michael Zwerling Media.
September PPM Numbers: Some Talk and Sports Highlights. TALKERS managing editor and West Coast bureau chief Mike Kinosian reports on the September PPM numbers rolling in and notes the movement of some stations of interest to talk and sports radio watchers.
- In market #7 Washington, DC, a nine-tenths August-September improvement helps propel American University‘s WAMU to #1, unseating Hubbard‘s WTOP-FM (#3), which slides -1.1 to 7.1, the news outlet’s lowest point since April’s 6.5.
- For the sixth straight month, Washington Nationals’ flagship WJFK-FM (CBS Radio‘s “The Fan”) bests Red Zebra format rival WTEM (“The Team”), however, WTEM (#20) gains one-half share and WJFK-FM (#18) is down one-tenth.
- In market #8 Philadelphia, gaining one-half share are CBS Radio’s “Sports Radio 94 WIP-FM” (3.7, #12) and public news/talk WHYY (3.5, #13).
- For the seventh straight month, “Newsradio 1060 KYW” is in the 6.1 – 6.7 range (6.5, -.2 from August) and, as in August, the CBS Radio-owned facility is #1.
- In market #9 Atlanta, in August, WSB-AM had a 4.8, which was its lowest 6+ share since registering a 4.2 in September 2010. The Cox Radio talk outlet bounces back though with a +.9 to 5.7 and ranks fifth, versus #9 in August.
- In market #10 Boston, remember “Rush Radio” on WXKS-AM? That was how the Clear Channel talk station positioned itself for about one year, beginning in March 2010. In mid-August of this year, Rush Limbaugh surfaced on cross-town WRKO and the Entercom talker gains nine-tenths to 2.4, its strongest 6+-share since March (2.5).
- For the first time in the last seven monthlies, New England Patriots flagship WBZ-FM (CBS Radio-owned “The Sports Hub”) overtakes Entercom format competitor WEEI-FM. The two sports properties were tied in March (3.5) with WEEI-FM holding the upper hand from April through August. In September though, WBZ-FM gains eight-tenths (4.5, #8) while Red Sox flagship WEEI-FM drops two-tenths (4.1, #9).
For more PPM data and ratings analysis, visit the ratings section at our sister publication RadioInfo’s site here.
FCC to Consider Liberty Media Control of Sirius. The FCC is calling for public comment on Liberty Media Corp.’s application to take de jure (legal) control of Sirius XM Radio. Sirius did not sign that application, filed in August, but the Commission is deciding to move forward anyway. Back in May, the FCC turned down a request for de facto (effective) control by Liberty, which now has an effective 48% stake in the satellite radio company. Petitions to deny are due November 1, initial opposition due November 13, and final rebuttals by November 20, likely to be followed by several weeks of FCC deliberation. The two companies have been at odds for a long time with John Malone’s Liberty looking to takeover Sirius. In 2009, Sirius received a $530 million loan from Liberty to avoid bankruptcy. There’s much speculation about Sirius CEO Mel Karmazin’s plans if Liberty gains control. His contract with Sirius is up at end of this year. As reported yesterday, Karmazin is speaking at Liberty’s 2012 investor conference in New York on October 10, just two weeks before the first public comments are due at the FCC.
Saga Declares Special Cash Dividend. The Saga board announces a special cash dividend of about $7 million — a dividend of $1.65 per Class A or B Common Stock. Shareholders of record on November 15 receive the dividend, funded by cash on the company’s balance sheet, on December 3. Ed Christian’s Saga, headquartered in Grosse Pointe Farms, Michigan, owns or operates radio and TV stations in 26 markets and four regional radio networks.
Upgrade to FREE. Radio consultant Holland Cooke’s latest piece for TALKERS is about some of the tools of the media trade – namely netbooks and tablets. But it’s about more than that if you step back and look at the big picture. He points to digital app expert Beth Ziesenis – AskBethZ – as someone who cuts through with her message (and her business) because she’s clearly focused on her objective. Read what Holland Cooke has to say about these issues here.
Odds & Sods. SiriusXM will feature “Pete Dominick’s Electoral College Tour” on its POTUS channel prior to each presidential debate, beginning this evening in Denver. Dominick is a stand-up comedian and regular on the POTUS channel and his special shows will emanate from the University of Denver, Hofstra University and the University of Virginia in which he’ll host a special one-hour forum with students and faculty – before the presidential debate and live from 8:00 pm to 9:00 pm ET – to talk about the issues that matter most to them in this election…..Chicago Bulls home basketball games will be heard in Spanish on Univision’s WRTO, Chicago “La Tremenda 1200” through the 2014-2015 season. Omar Ramos and Matt Moreno have the play-by-play.
Benghazi Security Request Controversy, Presidential Debate Preview, Pennsylvania Voter ID Rule Blocked, and Iran Nukes Threat Among Top News/Talk Stories Yesterday (10/2). Controversy over a report the U.S. consulate in Benghazi requested more security but was denied prior to the attack on the Libyan embassy; Wednesday’s coming presidential debate; a part of Pennsylvania’s voter ID law is struck down; and Iran’s nuclear weapons program were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS.