Tag: "WLAP-AM"

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!”

Friday, August 30, 2019

| August 30, 2019

‘Mason & Ireland’ to Afternoons in KSPN, Los Angeles Program Changes. Longtime Los Angeles sports talk duo Steve Mason and John Ireland are moving from the early afternoon daypart to PM drive (3:00 pm to 6:30 pm) at ESPN O&O KSPN, Los Angeles “ESPNLA 710,” effective Tuesday (9/3).  Current afternoon host Jorge Sedano’s “The Sedano Show” moves to early evenings and Sedano continues his NBA duties for ESPN TV.  New to the lineup is ESPN Radio’s syndicated Will Cain show, to air in the early afternoon slot.  “ESPNLA” VP and general manager Scott McCarthy says, “We are excited to further strengthen an already powerful talk lineup by moving ‘Mason & Ireland’ to afternoon drive and capitalizing on the momentum of ‘The Will Cain Show.’ These two shows plus ‘Keyshawn, LZ and Travis,’ LA’s only local sports morning show, and the always compelling Stephen A. Smith will keep listeners updated on local and national major sports stories.  Jorge Sedano’s NBA expertise will prepare listeners for the night’s action and takes on greater importance with the high expectations surrounding the Lakers and Clippers.”  KSPN says that the “Mason & Ireland” show “is the highest-rated sports talk show in LA in any daypart over the past three years and is delivering some of its best audience numbers ever in 2019.”

TALKERS News Notes. The next Democratic debate takes place on Thursday, September 12 and ABC News Radio is providing live coverage anchored by correspondent Aaron Katersky in Houston.  ABC News Radio will broadcast the debate in its entirety followed by post-debate analysis.  In the hour leading up to the debate, affiliates are being offered an exclusive one-hour program, “Preview to the Democratic Debate.”  Brad Mielke will host the award-winning podcast “Start Here” from Houston on Thursday and Friday (9/12-13), and a special edition of the “Powerhouse Politics” podcast, featuring Jonathan Karl and ABC News political director Rick Klein, will tape in Houston the week of the debate.…..The nationally syndicated “Sterling on Sunday” program (10:00 pm to 1:00 am ET), starring Walter M. Sterling, will stay on top of the status of Hurricane Dorian this weekend.  Sterling says that citizen reporters are ready to phone in their reports and that he’s done this in the past with dramatic impact.  Sterling adds, “It would be irresponsible to present anything but hurricane information.  I don’t know how any station on the East Coast could run infomercials or yell at the Democrats when a hurricane is endangering lives, stopping air traffic to all of Florida, and blocking the interstates.  We will have eye level reports from people in Florida.”…..Kentucky sports media figure Matt Jones – who hosts the regionally syndicated “Kentucky Sports Radio” program based at iHeartMedia’s WLAP-AM, Lexington – is considering a run for the U.S. Senate seat held by Senate Majority Leader Mitch McConnell. Jones would run as a Democrat.  He tells “WAVE 3 News” reports that he is forming an exploratory committee to find out if he has enough support to challenge Democrat Amy McGrath in the primary and then incumbent Republican McConnell.  Jones says, “We’re in an era where people want you to be honest.  I think I said on the radio I almost wore a sweatshirt and shorts here today because that’s what I put on.  I think people like that.  It’s the biggest lesson of Donald Trump more than anything else.  It’s this idea that people like you to say what you think, be authentic.  Democrats don’t do that a lot.  I’m going to try to do it.”  Jones was let go by WLEX-TV, Lexington in July after his senatorial ambitions became known…..The recent changes at iHeartMedia’s sports talk KGME, Phoenix “FOX Sports 910” bumped “The Dan Patrick Show” off the schedule but the program is landing on another station in The Valley.  Hubbard Radio’s crosstown sports talk KDUS-AM “NBCSports 1060” is adding the show to the 6:00 am to 9:00 am daypart.

New Installment Posted of “The Michael Harrison Wrap: An Overview of the National Conversation.” The recently launched, one-hour experimental weekend program, “The Michael Harrison Wrap,” produced by Goodphone Communications that looks back each week at the hottest topics discussed in American talk media per the research of TALKERS magazine, is now posted on the website of its flagship station, iHeartMedia’s WONK-FM, Washington, DC.  The new episode titled, “Fire and Rain!” looks back at this past week of August 26-30, 2019 and features guests (in order of appearance): Kevin Casey, executive editor, TALKERS magazine; Graham Mack, program director, Fix Radio, London; Ross Kaminsky, morning host, KHOW, Denver; Dr. Mathew Knowles, CEO, Music World Entertainment (and Beyoncé’s father); and Bobbie Winston (“La Femme Bobbie”), American artist living in Rio De Janeiro.  This increasingly acclaimed news/talk radio show airs on WONK-FM on Friday afternoons between 6:00 pm and 7:00 pm as a recap and exclamation point for the week-in-review as well as several other stations around the country including KSCO, Santa Cruz, CA; KBKW, Aberdeen, WA and during the weekend on the Virginia Talk Radio Network as well as Pioneer Valley Radio in Springfield, MA and the iHeartRadio App.  To listen to this week’s episode (and the program’s complete archives), please click here.  To view the latest TALKERS magazine topic research, please click here.

Katz Scores One-On-One with VP. Pictured above is WIBC-FM, Indianapolis morning drive host Tony Katz (right) with Vice President Mike Pence (left). Prior to his speech before the American Legion National Convention in Indianapolis, Pence did a sit-down interview with Katz.  In addition to his WIBC morning show, Katz syndicates the “Tony Katz Today” midday show (11:00 am to 1:00 pm ET).  Earlier in his career, Pence was a WIBC talk host whose program was syndicated across Indiana.

‘98.7 The Fan’ Adds ‘James Connor Show’ to Steelers Coverage. Since Pittsburgh Steelers quarterback Ben Roethlisberger decided not to continue his radio show on Entercom’s sports talk KDKA-FM “93.7 The Fan” this year, the station is adding running back James Connor to its coverage of the team.  The Steelers player will join “The PM Team with Poni and Mueller” each Monday at 5:00 pm, beginning September 9.  Entercom Pittsburgh SVP and market manager Michael Spacciapolli says, “We are excited to welcome James to the ‘93.7 The Fan’ family this season. James is one of the most beloved personalities in the region and we know he will bring unique insight and inspiration to the show.”

U.S.-China Relations Top News/Talk Story for Week of August 26-30. The battle of tariffs between the U.S. and China was the most-talked-about story on news/talk radio, landing atop the Talkers TenTM.  At #2 this week was the activity in the world’s financial markets and economic reports warning of a recession on the horizon. Coming in at #3 was the aftermath of last weekend’s G7 Summit in France, followed by Boris, Brexit and the Queen at #4. The Talkers TenTM is a weekly chart of the top stories and people discussed on news/talk radio during the week and is the result of ongoing research from TALKERS magazine. It is published every Friday at Talkers.com.  See this week’s entire chart here.

Darlene Love Is This Week’s Guest on Harrison Podcast.  One of the most prolific singers to emerge from the 1960s-era “girl groups” of record producer Phil Spector’s legendary Wall of Sound – Darlene Love – is this week’s guest on the award-winning PodcastOne series “The Michael Harrison Interview.”  Since being inducted into the Rock & Roll Hall of Fame in 2011 and accepting the Best Documentary Oscar for the 2013 film, “20 feet from Stardom,” and the GRAMMY for its soundtrack, her remarkable career has been full steam ahead.  At 78, she sells out shows worldwide, captivating audiences with her warm, gracious stage presence and sensational performances.  The New York Times describes Darlene Love as having a voice “embedded in the history of rock and roll as Eric Clapton’s guitar and Bob Dylan’s lyrics.”  Harrison says, “I am truly thrilled to have Ms. Love as a guest on the podcast.  Her life story is truly amazing.  She went from being a pioneer of the girl group genre to an unheralded and underpaid voice that launched some of the most iconic hits of all time to becoming a housekeeper to make ends meet to climbing her way out of obscurity and finally gaining worldwide recognition for her truly special contributions to popular culture – along the way also performing as a Broadway and film actress in a career that spans six decades of dynamic history!”  Harrison and Love discuss the early days of rock and pop, along with the singer’s experience as the daughter of a minister growing up in Los Angeles and Texas as a young African American female trying to establish a career in the music business.  In addition to her insights into race relations in America, Love talks about how she keeps herself in shape in her late-70s for the rigorous career that she continues to maintain.  By the way, today marks the 57th anniversary of the release of, “He’s a Rebel,” by the Crystals on August 27, 1962 which was actually recorded by Darlene Love and the Blossoms and never officially credited to them until years later.  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 of the TALKERS daily email newsletter and on every page of Talkers.com.

Cool Talk Radio Sales Opportunity. In New York City, Salem Media Group is seeking an account executive for radio and digital sales.  Here’s the ad: Salem Media Group is looking for a dynamic individual to join the sales team for “AM970 The Answer” and the legendary WMCA “AM570/102.3FM The Mission, New York’s Christian Talk.”  Compensation is commensurate with degree of experience and skills.  This is a fabulous career opportunity for the right individual with one of the finest broadcasting companies in America.  Ideal candidate has a proven track record of success with radio and digital sales.  Interested candidates should apply online and email cover letter and resumes to Jerry Crowley’s attention.

Tom Joyner’s 17th Annual Family Reunion Takes Place This Weekend in Florida. This weekend at the Gaylord Palms Resort & Convention Center in Kissimmee, Florida, nationally syndicated radio personality Tom Joyner is presenting the 17th annual “Allstate Tom Joyner Family Reunion.”  It is featuring performances and appearances from: Charlie Wilson, The Bonfyre, Brandy, Robin Thicke, Guy Torry, Erica Campbell, Rickey Smiley, Donald Lawrence, Keke Wyatt, Kierra Sheard, Sir The Baptist, Tye Tribbett, DJ Standout, Lonnie Hunter, Shanice Wilson, Ollie Gabriel, Brownstone, Erica Campbell, Bebe Winans, Isaac Carree, DJ Kool, DJ Kev-Ski, DJ Flemingo and more. Joyner says, “I am so proud of the fun, entertainment-filled atmosphere that we created all those years ago to truly celebrate Black families and what we love.  We gladly continue this tradition, and I know it will be our best year yet.”  This year’s “Family Reunion” is part of Joyner’s year-long celebration of his 25-year career.  Joyner will retire from broadcasting in December.

Music Radio News and Career Moves. In the Denver market, iHeartMedia names John E. Kage program director for country KWBL “106.7 The Bull” in addition to his current role as programmer for CHR KPTT “95.7 The Party.”  Kage says, “I am beyond thrilled to make my return to country music on ‘106.7 The Bull.’  Country music has a special community with a unique bond between radio, the artists, and the listeners.  I missed it dearly and I’m very grateful for being able to be a part of it again.  A special thanks to iHeartMedia for giving me the opportunity and I look forward to working alongside the talented team here at ‘106.7 The Bull’ and contributing to the station’s ongoing success.”…..Chicago radio personality Erik Zachary leaves his position as evening host at iHeartMedia’s CHR WKSC “103.5 Kiss FM.” He says, “I have nothing but appreciation for the opportunities that iHeart has afforded me in my seven-plus years on the air and look forward to seeing the continued success of the amazing team at KISS FM.  With that said, I’m excited to shift the full focus of my work to the television and digital video space.”

test