The State of Women on Talk Radio: Part 4. Today (11/5), TALKERS magazine continues its multi-part story looking at the status of women on talk radio in 2015. Written by special features correspondent Jeff McKay, it addresses one of the most-asked questions TALKERS editors hear: Why aren’t there more women on talk radio? Today we explore the question: What is the future for women on talk radio? Consultant Valerie Geller says that developing shows hosted by women, like most new programs, takes time. “Oprah’s audience was made for women, hosted by a woman and got a huge female audience. You also have to give shows time to grow and find their audience. Both Rush and Sean had that. Many female hosts are given an opportunity, but management gets scared and pulls the plug too soon — shows take time to grow — you have to be willing to believe in, develop and then give a talent the time it takes to grow, male or female.” At Tribune’s WGN, Chicago, VP/content and programming Todd Manley says his station has numerous female voices – both in news and on talk host positions – and they’ve been brought aboard because they have specific attractive qualities. Wendy Snyder co-hosts middays and Patti Vasquez hosts solo at night. Manley says, “Wendy is just simply curious. She flies into every show without pretense. Plus, she has an engaging lack of filter, which works for her because she’s loving. Patti has an investigative gene and she’s quickly becoming Chicago’s favorite community activist. You throw in her comic genius and you get great laughs with the tears.” Read the entire piece here.
iHeartMedia Q3 Consolidated Revenue Down 3.1%. For the third quarter of 2015, iHeartMedia is reporting that although its consolidated revenue increased slightly during the period, unfavorable impact from movements in foreign exchange rates caused its reported consolidated revenue to drop to $1.57 million – down 3.1% compared to the same period a year ago. The iHeartMedia segment, excluding Americas Outdoor and Internation Outdoor, saw revenue increase $22 million, or 3%, excluding political advertising revenues. On a reported basis, revenue increased $16 million, or 2%, during the third quarter 2015 as compared to the third quarter 2014 driven primarily by sponsorship revenue related to the iHeartRadio Music Festival, barter and trade revenue and digital revenue. Partially offsetting these increases was a decrease in political advertising revenues, lower core broadcast radio revenue and prior year revenue from the radio towers sold this year during the second quarter of 2015.
Townsquare Media Q3 Revenue Up 4.2% on Pro Forma Basis. There are a number of ways to look at the third quarter financial numbers announced by Townsquare Media and the company’s acquisition of non-radio assets is important in sifting through the numbers. The 4.2% increase in net revenue on a pro forma basis means “pro forma for the acquisitions of WE Fest and NAME [North American Midway Entertainment] on October 31, 2014 and September 1, 2015, respectively, as well as for the divestiture of certain of our towers on September 1, 2015.” However, the company’s net revenue for Q3 increased over the same period a year ago by 9.7% (excluding the NAME acquisition) and 7.1% including NAME and on a constant currency basis. In a press release, chairman and CEO Steven Price states, “We believe our third quarter performance again demonstrates the strength of our diversified strategy. Our results were in line with our guidance and our strong cash flow generation also allowed us to strengthen our balance sheet through the voluntary repayment of $20 million of our outstanding term loan debt.” Looking a little closer, local advertising net revenue increased just $0.6 million, or 0.7% over the same period a year ago.
Art Bell’s ‘Midnight in the Desert’ Clears on KABC, Los Angeles. Many in the talk radio industry are by now aware that late-night paranormal talker Art Bell has returned to hosting a nightly program that is being offered in syndication to AM/FM stations. The former host of “Coast to Coast AM” is putting his show on the internet via his ArtBell.com but recently began affiliate efforts. Now, TALKERS learns the show is now being cleared on Cumulus Media’s KABC, Los Angeles, delayed by an hour from 10:00 pm to 1:00 am PT. Bell recently spoke with TALKERS publisher Michael Harrison on Harrison’s hit podcast for media freaks called “Up Close and Far Out” on the PodcastOne platform. Listen to it here.
Radio One’s Radio Segment Down 6.6% in Third Quarter. Chief executive officer and president Alfred Liggins says the radio segment of Radio One continues to be challenged with its stations underperforming. The dip of 6.6% in net revenue compared to the markets in which they operate – down just 2.2% — should change in the future. “We are seeing some signs of stabilization in our Washington, DC and Houston clusters, as well as strong performances from Dallas, Philadelphia and St Louis. During the quarter we experienced double-digit ratings growth in 11 of our 15 markets, and our four largest markets showed ratings growth of 15% on average from July to September. This positive ratings momentum should lead to improved monetization in 2016.” The company’s TV One and Reach Media have performed better, helping to offset the radio sector’s performance. The company as a whole reports net revenue up 3.3% for the quarter. Liggins adds, “Fourth quarter core radio advertising revenues, excluding political advertising, are currently pacing (8.3%) YTY. We remain focused on correcting our underperforming radio clusters, while delivering increased cash-flow through overall cost containment, and revenue growth in the cable television business. I am excited that David Kantor has accepted the role as CEO of our radio platform, including our local stations, network and syndication business. Bringing together all of our radio assets under one leadership structure will enhance our ability to compete and transform our business for the future.”
Saga Communications Q3 Net Revenue Down 1.6%. The third quarter report from Saga Communications, Inc. shows the company’s net revenue was down 1.6% on income of $33.8 million. The company also reports that free cash flow increased 11.3% to $5.5 million for the quarter and station operating expense decreased $2.0 million to $24.3 million. For the nine month period from January through September 30, net revenue was down just 0.4% on income of $97.3 million.
Adam Carolla Re-Ups with PodcastOne. One of podcasting’s most successful personalities is continuing his relationship with the Norm Pattiz-founded PodcastOne advertiser-supported podcast network. Carolla Digital and Adam Carolla ink an exclusive sales and marketing deal for an additional five years. On top of repping the Carolla Digital lineup of programs, the companies will work closely on production and development of new programming. Carolla has been represented by PodcastOne since the company launched. The terms of the deal were not disclosed. Pattiz comments, “I learned one lesson very early in life – if you want to do something, do it with the best. I’ve been working with Adam since his ‘Loveline’ days and I hope that my obituary is read on his show first.”
Michael Harrison Talks About the State of Journalism with CBS News Radio VP, Harvey Nagler. In the latest installment of the international hit PodcastOne series “Up Close and Far Out,” Michael Harrison engages in an in-depth conversation about electronic journalism in the digital age with CBS News Radio VP Harvey Nagler. Nagler is one of the most respected and decorated executives in the realm of radio journalism. The two discuss the role of news on radio today as well as radio’s changing role in the convergence of traditional platforms. It is a substantive conversation covering everything from media responsibility and the impact of citizen gatekeepers on the state of truth to the evolving mission of journalism schools and emerging opportunities for young people entering the field of news in this very new environment. Harrison and Nagler reflect upon the legacy of Edward R. Murrow and compare what he did in the 1940s and 50s to today’s multimedia 24 hour news cycle. Yes, they even mention Donald Trump and the public’s ever-increasing fascination for politics as an entertaining spectator sport in the current presidential election cycle. To listen to the entire conversation, please click here or click on the “Up Close and Far Out with Michael Harrison” player box located in the right-hand column of every page of Talkers.com and RadioInfo.com.
KABC, Los Angeles to Be Subject of Panel Discussion at SoCal Media Convention. The convention at the Holiday Inn Media Center in Burbank is being presented by SPERDVAC – the Society to Preserve and Encourage Radio Drama, Variety And Comedy and it takes place this weekend. In addition to a lot of recreations of Golden Age of Radio theatre and celeb appearances, there will be panel discussions. One will feature talk about legendary Los Angeles station KABC. Moderating it will be radio pro and former KABC host Bill Moran. On the panel will be Eric Tracy, Carole Hemmingway, Tommy Hawkins, Royale Oaks, George Green, Ira Fistell, and TALKERS publisher Michael Harrison (via Skype). Moran says they discuss what made KABC legendary and how the station’s talk programming has changed since it assumed the spoken-word format in the 1960s. For more information about the convention, visit sperdvac.com.
C. Crane’s Impressive New Building. The family-owned-and-operated C. Crane company has been in business since it was founded at the Crane family’s kitchen table in 1983 selling AM antennas for the love of talk radio. Pictured here, you see the staff of the AM/FM radio and accessories vendor posing during the ribbon-cutting outside C. Crane’s newly remodeled 14,000 square foot facility. Local dignitaries and employees decided they might as well celebrate Halloween at the same time since a big move like this is kind of scary. Company founder Bob Crane says the new digs provide improved efficiency and better access for customers to the new showroom. He says, “Our ability to design and manufacture new proprietary radio products has dramatically accelerated with the new facility.”
2016 Presidential Race, Tuesday’s Election Results, Russian Airline Crash, Syria-Russia Relationship, Illinois Cop Case, European Migrant Troubles-U.S. Immigration Policy, and Quentin Tarantino Controversy Among Top News/Talk Stories Yesterday (11/4). The activities of the candidates for president in 2016, including the controversy surrounding Donald Trump’s scheduled appearance hosting “Saturday Night Live” this weekend; the results of various gubernatorial and mayoral elections on Tuesday; the investigation into the crash of a Russian airliner in the Sinai and the possibility ISIS is responsible; the military relationship between Syria and Russia; the case of the Illinois cop, at first thought killed by attackers and now believed to have committed suicide to hide his theft of funds; the ongoing migrant troubles in European countries and U.S. immigration policy; and the flap over director Quentin Tarantino’s support of a rally against deadly police violence were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS.