iHeartMedia Second Quarter Net Revenue Rises 1.2%. That figure is based on net revenue of $1.6 billion during Q2 of 2016, compared to the same period in 2015 and that is for the whole company. Separating the radio and digital business from the outdoor segment, iHeartMedia reports an increase of 3.2% in net revenue due in large part to live events, the traffic and weather services, broadcast and digital advertising, as well as the Premiere Networks syndication segment, especially news/talk.
Townsquare Media Reports Q2 Financials; Radio Segment Up 3.5%. The company reports on its two business segments – Local Marketing Solutions, which includes radio plus its digital products, and Entertainment, which provides live events and music and lifestyle content. During Q2, Local Marketing Solutions pro forma net revenue increased $2.9 million, or 3.5%, to $86.7 million (including political). For the first half of 2016, Local Marketing Solutions net revenue increased $8.8 million, or 5.8%, to $161.9 million (including political). Townsquare Media chairman and CEO Steven Price says, “We are pleased to report solid results for the first half of 2016, with pro forma net revenue and Adjusted EBITDA increasing approximately 4% over the prior year, with strength in our Local Marketing Solutions segment. In the second quarter, we delivered net revenue growth of 16.7% over the prior year. On a pro forma basis, net revenue increased 2.1%, which was in line with our expectations, and Adjusted EBITDA increased 4.1%, which exceeded our guidance. In addition, we were able to strengthen our balance sheet through the repurchase of $17 million of Unsecured Senior Notes.”
Saga Communications Reports Net Revenue Up 6.1%. That figure – comparing Q2 of 2016 with the same period a year ago – is based on net revenue of $36.4 million for the whole company. The Saga Communications radio division’s net revenue mirrors that at +6.1% on net revenue of $30.8 million. However, on a pro forma basis, the radio net revenue dipped 1.7%. Saga notes that free cash flow increased 15.6% to $6.5 million. Operating Income increased 12.6% to $8.4 million. Station operating expense increased 4.6% to $25.4 million (station operating expense includes depreciation and amortization attributable to the stations). Same Station net revenue increased 0.8% to $34.2 million and same station operating expense was flat at $24.0 million. Net income for the period was $4.8 million ($0.82 per fully diluted share compared to $0.77 for the same period last year).
Radio One Delivers Positive Second Quarter; Net Revenue Up 2.4%, But Radio Flat. That 2.4% is for the company as a whole, for which net revenue was approximately $122.7 million compared to the same period in 2015. Station operating income was approximately $48.9 million, an increase of 5.5%. Radio One breaks its net revenue report into six categories: Radio Advertising, Political Advertising, Digital Advertising, Cable Television Advertising, Cable Television Affiliate Fees, and Event Revenues & Other. The company says, “Net revenues from our radio broadcasting segment decreased 0.2% for the quarter ended June 30, 2016, versus the same period in 2015. We experienced net revenue growth in eight of our radio markets (most significantly in Washington D.C., Charlotte and Cleveland); however, this growth was offset by declines in other markets (with Columbus, Philadelphia, Houston and Detroit experiencing the most significant declines). Reach Media’s net revenues increased 2.8% in the second quarter of 2016, compared to the same period in 2015.”
Nashville Sports Personality George Plaster Exits ‘102.5 The Game’ for University Gig. After a Nashville sports media career that’s spanned 30-plus years, WPRT “102.5 The Game” afternoon drive sports talk radio host George Plaster is leaving the station to take the position of associate athletics director for marketing at Nashville’s Belmont University. The Tennessean reports that Plaster’s friend Scott Corley, athletics director at the school, approached him about the position and Plaster was intrigued with the notion. Over time he became very interested and told the paper, “It’s probably the one scenario that I would’ve considered leaving radio.” Plaster joined Bud Walters’-owned WPRT in 2011 after exiting Cumulus Media’s crosstown WGFX “104.5 The Zone.”
Nielsen Audio Releases Third Round of July 2016 PPM Data. The third of four rounds of July 2016 PPM ratings data from Nielsen Audio has been released for 12 markets including: Portland, Charlotte, Pittsburgh, Sacramento, San Antonio, Cincinnati, Cleveland, Salt Lake City, Las Vegas, Kansas City, Orlando, and Columbus. The June 2016 survey period covered June 16 through July 13. You can find the complete 6+ ratings numbers from subscribing stations here. Additionally, TALKERS/RadioInfo managing editor Mike Kinosian provides his “Twelve Takeaways” from this group on the main page of our sister publication here
JVC Drops Classic Hits Simulcast in Gainesville; Launches News/Talk Format on WYGC. The classic hits will be heard on JVC Media’s WXJZ, Gainesville “WOW 100.9” and WYGC, licensed to High Springs (northeast of Gainesville) flips to news/talk as “104.9 The Talk of Gainesville.” The company says the station will air from its “downtown Gainesville studios with non-stop local news, weather, and traffic in addition to the legendary ‘Imus in the Morning’ and FOX News’ Brian Kilmeade.” WYGC program director and JVC Media VP Matthew Goldapper says, “‘104.9 The Talk of Gainesville’ will be locally programmed to allow our community to discuss issues important to Gainesville residents.”
The Presidential Race, US Cash Payment to Iran, Deadly London Knife Attacks, Wikileaks-Benghazi Emails, Black Lives Matter Movement, Rio Olympics Troubles, and MLB Action Among Top News/Talk Stories Yesterday (8/3). The activities of presidential candidates Hillary Clinton and Donald Trump; the controversy over the US’ payment of $400 million to Iran the day Americans were released from Iran; the deadly knife attack in London that left several wounded and one woman dead; the claim by Wikileaks’ Julian Assange that emails indicate the U.S. was arming jihadists in Syria via Benghazi; the Black Lives Matter movement; the problems facing Rio De Janeiro as it prepares for the Olympic opening ceremony; and Major League Baseball action were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.
Tom Arnold’s ‘100% Honest. Pretty Much’ Launches from PodcastOne. Hollywood’s Tom Arnold is joining the PodcastOne platform with his new podcast, “Tom Arnold. 100% Honest. Pretty Much.” PodcastOne says the show will cover everything from his career, to life as a husband and father of two, followed by an interview each episode, “as some of the funniest people around bring laughter and something extremely embarrassing about themselves to reveal to the audience.” PodcastOne founder and executive chairman Norm Pattiz says, “Tom has shared his humor and entertainment with the world for decades, and it’s great to now bring him to the podcast world. It’s the perfect platform to let loose, hang out and have a great time – with all his fans.”
Radio One and Edison Research to Release Race Relations Study Results. Urban media company Radio One says it engaged Edison Research to conduct the study into the “true state of race relations in this country.” The results will be revealed on Friday (8/4 at 11:00 am ET via conference call) and Radio One teases that a key finding is “Black and White Americans are more closely aligned than previously thought on improving race relations in the country and share broad agreement on practical solutions.” Radio One commissioned the study “on the heels of outrage, protests and emotional responses after the shooting of two black men by police officers in Louisiana and Minnesota and the subsequent shooting of five police officers in Dallas (study fielded prior to Baton Rouge police shooting).
Odds & Sods. This report in from the Los Angeles base of The New Normal, home of Tom Leykis’ digitally distributed program: the special wine made just for Leykis and his fans is almost gone. Leykis tells TALKERS magazine that they surpassed 1,000 bottles sold of the 2014 Pedal to the Metal Santa Ynez Valley Syrah. Sales will end August 31 and they will likely have sold all 120 cases by that date. Leykis has another money-making event on the horizon. The show has rented the biggest suite at Dodger Stadium – holds 70 – for an upcoming game and has sold it out. Tickets range in price from $299 – $349. The show grossed $21,000…..DirecTV’s Rich Eisen will report from Canton, Ohio during this week’s Pro Football Hall of Fame festivities. He’ll broadcast live today and tomorrow with guests including: Brett Favre, Kevin Greene, Orlando Pace, Eddie DeBartolo, and Tony Dungy.