Entercom 2014 Q4 Net Revenue Up 2%. That increase over the same period a year ago comes on revenue $101.5 million. For all of 2014, Entercom Communications posted net revenue up 1% over 2013, with total net revenue hitting $379.8 million. Other fourth quarter data includes: station expenses increasing 3% to $63.3 million; station operating income flat at $38.2 million; and free cash flow rising 4% to $23.4 million. For the year 2014, adjusted net income per share was flat at $0.79. Entercom president and CEO David Field says, “After finishing 2014 with modest gains in net revenues, adjusted net income and free cash flow, Entercom is looking forward to a promising year of opportunity in 2015. Our recently announced Lincoln Financial Media acquisition will add a number of terrific new markets and brands to our lineup and should be accretive to shareholders with no material impact on our solid balance sheet. And we are well positioned to capitalize on a number of other significant growth opportunities throughout the organization.” If you remember, Entercom is buying Lincoln Financial Media’s 15 stations in the Atlanta, Denver, Miami and San Diego markets for $105 million. It will sell one of its Denver FMs to comply with FCC regulations.
iHeartMedia Q4 Net Revenue Rises 1%. During its 2014 Q4 conference call, iHeartMedia announced that net revenue was up 1% for both the fourth quarter of 2014 and for the year as a whole. iHeartMedia COO Richard Bressler said during the investors conference call that “political dollars, traffic and weather, as well as national broadcast radio, drove higher revenues in a market that was soft across local radio.” Bressler also touted the performance of the iHeartRadio digital platform, saying it has surpassed 60 million registered users and that total listening hours have risen 14% compared to the fourth quarter of 2013.
Round Three of January PPM Data Released. The third of four rounds of January 2015 PPM 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 survey period was January 1-28. TALKERS magazine’s sister publication RadioInfo has all of the numbers from subscribing stations here. In addition, managing editor Mike Kinosian presents his “Ten Takeaways” from this batch of ratings on the main page at RadioInfo.com here.
WTEM, Washington to Launch Local AM Drive Show. Currently, Red Zebra-owned WTEM, Washington ESPN980 carries ESPN Radio’s Mike & Mike show. But beginning on March 16, the station will pair up longtime morning drive personality Chris Paul with national sports columnist Jason Reid to host “The Man Cave with Chris Paul and Jason Reid.” Red Zebra vice president of programming Chuck Sapienza says the show “will be a blend of sports, comedy and entertainment and we are thrilled to welcome these two talented men to ESPN980.” Chris Paul has worked in radio as part of the Donnie Simpson show on crosstown hip hop WPGC for 16 years and, for the last six years, on the syndicated “Tom Joyner Morning Show.” Jason Reid began his professional journalism career at the Los Angeles Times covering the Los Angeles Dodgers, Los Angeles Clippers and providing college basketball analysis. He moved to Washington in 2010 as the beat writer for the Washington Redskins for the Washington Post and was promoted to a sports columnist position in January 2011. Reid will continue writing as a NFL columnist for ESPN.com. Red Zebra CEO Rick Carmean adds, “We have been interested in creating a local morning drive show on ESPN980 for a while. Chris and Jason give us and the Washington, DC sports fan the perfect combination of sports knowledge, humor and personality.”
Odds & Sods. Producer Scott Miller jumps from Tribune’s news/talk WGN, Chicago to Hubbard’s classic rock WDRV to serve on the new Dan McNeil and Pete McMurray morning show…..Celebrity cook Paula Deen works out a deal with Compass Media Networks to launch daily radio vignettes called, “Get Cooking with Paula Deen,” and a weekly long-form podcast called, “What’s Cooking with Paula Deen.” They will debut on May 1…..USA Radio Networks adds “Animal Radio” to its weekend lineup, airing on Saturdays from 5:00 pm to 7:00 pm, effective March 7…..New York radio personality Joan Hamburg is hosting a special show on Cumulus Media‘s WABC on February 21 from 7:00 pm to 8:00 pm titled, “The Business of Fashion Week,” focusing on the fashion economy and featuring interviews with leading fashion industry insiders…..Alpha Media announces today that KXTG-AM, Portland “750 The Game” enters into a partnership agreement to continue as the official radio station of the Portland Thunder of the Arena Football League…..At the Fort Lauderdale cluster of iHeartMedia, Shari Gonzalez is named VP of sales…..ABC Radio is providing coverage of the 87th Annual Academy Awards this Sunday. Correspondent Jason Nathanson will be live on the red carpet with interviews from the night’s biggest stars. Starting at 8:20 pm ET, ABC News correspondent David Blaustein will anchor twice-hourly, one minute status reports from New York correspondents Alex Stone and Jason Nathanson reporting from backstage at the main event.
Joe Madison to Attempt Marathon Talk Show Record to Benefit Museum of African American History. Talk radio host Joe Madison, as part of Black History Month, will attempt to break the Guinness World Record for hosting the longest talk radio show on Wednesday and Thursday, February 25-26. The current record is 50 hours and the SiriusXM “Urban View” host plans to concurrently raise funds for the Smithsonian National Museum of African American History and Culture, currently under construction on the National Mall in Washington, D.C. The non-profit museum is scheduled to open in 2016.
Dave Ramsey’s Smart Money Tour Kicks Off in Denver. Nationally syndicated talk radio superstar Dave Ramsey began his 2015 Smart Money tour in Denver yesterday (2/19) with a sold-out appearance at the Bellco Theatre. The Smart Money tour presents Ramsey’s philosophy on winning with money, getting out of debt, and investing for the future. Financial expert and speaker Chris Hogan appeared with Ramsey on stage. Ramsey and affiliate station KKZN “Real Talk 760” worked together to promote the event. Station program director Greg Foster comments, “The Dave Ramsey show connects with listeners like no other. ‘Real Talk 760’ has been in existence for less than a year, but Dave sold out 5,000 seats to his live event in Denver. Dave’s fans are incredibly loyal, and that translates to new revenue for his stations.” Pictured here at the iHeartMedia Denver studios are (from l-r): iHeartMedia Denver director of integrated media and special events Ryan Clune, general sales manager Jessica Farias, Ramsey, and market manager Pat Connor.
Battle Against ISIS/Islam Criticism Controversy Tops Talkers TenTM for Week of February 16-20. The fight against Islamic State in Iraq and Syria and the political controversy over associating Islam with the militant organization was the most-talked-about story on news/talk radio this week. Coming in at #2 was a Texas court’s stay of the Obama amnesty order. At #3 was the 2016 presidential prospects and following at #4 was the rise in European anti-Semitism. 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. It is published every Friday at Talkers.com. View this week’s entire chart here.