Cumulus Shareholders Approve Reverse Stock Split. The vote among Cumulus Media shareholders took place today and becomes effective at 5:00 pm ET. This move consists of a 1-for-8 reverse split – eight shares of the company’s Class A common stock will be converted into one share – to increase the price of each share. There will be no fractional shares issued; they will be rounded up to whole shares. This obviously results in a reduction of the number of authorized shares of common stock. Cumulus Media’s stock has been trading for less than $ 0.75 per share for most of the past year.
Charlie Sykes’ Exit from WTMJ, Milwaukee Presents Options for New Show. In a piece published in the Milwaukee Business Journal, WTMJ VP/GM Tom Langmyer says that the station will not be limiting its search for a replacement for talk host Charlie Sykes to a “political host.” Sykes’ national profile has grown over the last year due to his refusal to support the candidacy of Donald Trump for president. As a conservative media icon in the state – Sykes founded the conservative media site RightWisconsin.com – his approach to his radio program has also been politically focused. Langmyer has already announced that Jeff Wagner’s program will move into the 8:30 am to 12:00 noon slot currently occupied by Sykes, leaving the 12:00 noon to 3:00 pm daypart the one to be filled. Referring to the station’s programming philosophy, Langmyer says, “Over the last couple of years, (we have) focused on a more inclusive feel. We have definitely broadened our scope and appeal to what WTMJ means to the community overall.” You can read the entire piece here.
Evening Personality Joe DeCamara Exits WPEN-FM, Philadelphia. Both Crossing Broad and Philly.com are reporting that evening sports talk host Joe DeCamara has exited Greater Media’s WPEN-FM “97.5 The Fanatic” where he’s been host of the 6:00 pm to 10:00 pm show since April of 2015. DeCamara first joined the station in 2005. WPEN-FM, along with the other Greater Media signals in Philly, is in the process of being acquired by Beasley Broadcast Group. Just last month, Jon Marks exited the WPEN-FM morning program hosted by Anthony Gargano. Three other staffers were let go at the time the Greater Media-Beasley deal was announced. There’s no word from Greater Media about its plans for replacing DeCamara. Staffer Matt Lombardo hosted the show last night (10/11).
William O’Shaughnessy Goes to Bat for Billy Bush. New York broadcaster William O’Shaughnessy pens an opinion piece addressing the character of embattled NBC-TV personality Billy Bush. O’Shaughnessy says, in so many words, what a shame it would be for Bush to lose his position with NBC due do his role in the Donald Trump hot-mic case that’s plaguing the Republican nominee. Read it here.
New Episode of International Talk Show ‘London Calling with Graham Mack’ Posted Today. Episode 4 of the exciting new TalkersRadio weekly program “London Calling” is posted today (10/12). The experimental show that swaps news, views and information between the US and Great Britain, hosted by award-winning English talk host Graham Mack, features a conversation with an icon of British broadcasting who happens to be an American, Paul Gambaccini. Mack talks about a possible fist fight in the European Parliament and he hears from a listener named Linda Lee King in California who discovered the show via an interview Mack did on Chicago radio, plus Michael Harrison checks in from Massachusetts to discuss Brexit. To hear the show in its entirety please go directly to TalkersRadio by clicking here.
Odds & Sods. At iHeartMedia’s Tampa sports talker WDAE, the local morning drive program co-hosted by Tampa Bay Times writers Rick Stroud and Tom Jones is cancelled in favor of ESPN Radio’s “Mike & Mike” show…..WTMJ, Milwaukee is once again producing a holiday radio show. This year, the Scripps-owned station is doing “It’s a Wonderful Life,” featuring radio personalities Charlie Sykes, Jeff Wagner, Gene Mueller, Greg Matzek, Wayne Larrivee and a cast of other WTMJ hosts and local voices. It will take place live at Milwaukee’s Turner Hall on November 29 and be replayed on the radio throughout the holiday season.
The Presidential Race/Debate and Trump Hot-Mic Aftermath, Clinton Wikileaks Docs, Syria Civil War/Russian Military Involvement, Hurricane Matthew Destruction, Samsung’s Galaxy Note 7 Crisis, MLB Playoffs, and NFL Action Among Top News/Talk Stories Yesterday (10/11). The presidential race, including the Sunday evening debate and the “Access Hollywood” hot-mic issue; the Wikileaks release of revealing emails between Hillary Clinton and John Podesta; the civil conflict in Syria and the Russian military’s role in recent deadly attacks on civilians; the destruction in the Carolinas from Hurricane Matthew; the problems facing Samsung due to the exploding Galaxy Note 7 phone; the Major League Baseball playoffs; and the weekend’s NFL action were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.