Beasley Media Group Q3 Financial Data Shows Mixed Results. Last December’s asset swap with CBS RADIO – in which it exchanged five stations in Philly and Miami for 14 CBS stations in Tampa, Charlotte and Philly – makes this third quarter financial report from Beasley Media Group a bit more complex. It’s required to report the five stations CBS received under discontinued operations for the 2014 third quarter, despite having operated them through November 2014. Therefore, on a combined basis, third quarter top-line revenue was up 7%, but on a pro forma basis third quarter net revenue decreased 4.5% while station operating income declined 12.2%. The company says, “The decline in pro forma revenue largely reflects weakness in Charlotte, Las Vegas, Fayetteville and Wilmington, which reduced operating leverage and impacted SOI. However, we continue to make progress with the Tampa-St. Petersburg and Charlotte integration initiatives and reduced combined station operating expenses in these markets by approximately $700,000, while company-wide cost reductions led to a 1.5% reduction in third quarter station operating expenses. We are now approximately 11 months into our integration and transition plan related to the asset exchange and despite it being more difficult and time consuming than expected, we believe our success in expense management combined with our ratings strength should lead to financial benefits from the swap in late 2016. In the meantime, we continue to make progress in reducing debt, while returning capital to shareholders. During the third quarter we made credit facility repayments totaling $3 million, reduced borrowings to $90.2 million at September 30, 2015 and declared our eighth consecutive quarterly cash dividend.” In issuing its forward looking statements, Beasley says it remains “focused on operating our station clusters to match or exceed their markets revenue performance while further strengthening our balance sheet. We believe our ratings and programming are in great shape and look forward to benefiting from the integration, programming, personnel, cost-efficiency and operating changes put in place over the last year.”
Sean Hannity Packs iHeartRadio Theatre in Los Angeles. Nationally syndicated talk radio superstar Sean Hannity appeared in Los Angeles recently to a standing room only house at the iHeartRadio Theatre. Hannity is heard on iHeartMedia’s KEIB, Los Angeles and the station reports that listeners were treated to breakfast and more than an hour of political conversation, jokes, personal stories and Q&A with the Premiere Networks and Fox News Channel personality. Pictured here backstage at the iHeartRadio Theatre are (from l-r): iHeartMedia Los Angeles market president Kevin LeGrett, Hannity, and KEIB and KFI program director Robin Bertolucci.
‘Detroit Sports 105.1’ Adds Two Personalities to Revamped Lineup. With the recent exit of longtime Detroit radio personality Drew Lane from the PM drive daypart last week, Greater Media’s sports talk WMGC “Detroit Sports 105.1,” adds two new personalities to its new lineup. Drew Sharp joins Matt Dery for the new afternoon program and Sean Baligian is now part of the 12:00 noon to 3:00 pm show with Tom Mazawey and Marc Fellhauer. Baligian has been hosting the afternoon show on iHeartMedia’s Grand Rapids sports talk WMAX “96.1 FM ESPN.” He also works for USA Hockey and is in his seventh year as the voice of Wayne State Football. Drew Sharp is a 30-plus year Detroit Free Press columnist. Program director Dave Shore says, “This new lineup is very exciting and we will continue bringing Detroit the most knowledgeable and most thought-provoking talent in sports radio.”
Round Four of October PPM Ratings Released. The fourth and final round of October 2015 PPM data from Nielsen Audio is released for 12 markets including: Austin, Milwaukee, Indianapolis, Providence, Raleigh, Norfolk, Nashville, Greensboro, West Palm Beach, Jacksonville, Memphis, and Hartford. You can find all the 6+ numbers from subscribing stations here. Additionally, TALKERS and RadioInfo managing editor Mike Kinosian provides his Twelve Takeaways from this round of data at our sister publication’s site here. The October 2015 PPM survey covered September 10 through October 7.
Bringing Joy to the Visually and Hearing Impaired. Hardly a week goes by when past-recipient of the TALKERS Humanitarian of the Year award, GCN-syndicated talk star Dr. Joy Browne is not involved in a high-profile charitable initiative. This past Wednesday (10/28) America’s leading relationships talker performed the role of honorary ring master at the Big Apple Circus presentation of “Circus of the Senses” – a specially adapted performance of “The Grand Tour” – at New York’s Lincoln Center for children and adults with vision or hearing impairments and other disabilities allowing them to experience the joy and wonder of the circus. Dr. Browne (l) is pictured in full ringmaster regalia with Big Apple Circus regular ringmaster John Kennedy Kane (r). Browne tells TALKERS, “It was a wonderful experience introducing the show. Through the use of audio headsets, Braille descriptive programs, American Sign Language interpreters, and a special ‘touch session’ after the show, anyone and everyone could experience and enjoy the extravaganza!”
GOP Debate and 2016 Presidential Race Top News/Talk Stories for Week of October 26-30. Wednesday evening’s GOP primary debate and the 2016 presidential race tied for the top spot on the Talkers TenTM this week. At #2 was Paul Ryan’s ascension to the Speaker of the House. Coming in at #3 was the congressional budget deal followed by the U.S.-Russian military skirmishes 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. View this week’s entire chart here.