Entercom Reports Q3 Net Revenue Up 5%. It was a rosy third quarter for Entercom Communications as it reports net revenue was $120.5 million during the period – up 5% from the same period a year ago. Station operating income increased 12% to $37.9 million, and adjusted net income per share increased 8% to $0.27. Entercom president and CEO David Field states, “Entercom delivered another solid quarter of organic top-line and bottom-line growth, demonstrating the strength of our great local brands and our outstanding team. We are also very pleased to have just completed a highly successful refinancing that will lower our annual interest expense by more than $10 million and to have announced a terrific, value-creating acquisition of four stations in Charlotte. We are excited by the opportunities ahead as we look to finish the year on a strong note and get off to a great start in 2017.” Entercom is acquiring news/talk WBT-AM/FM, hot AC WLNK, and sports talk WFNC in Charlotte from Beasley. Currently it is operating WBT-AM/FM and WLNK under an LMA and expects to close on the stations by the first of the year. If the purchase of the stations from Beasley doesn’t close by then, it will start operating WFNZ under an LMA, as well.
CBS RADIO Reports Flat Q3. As parent company CBS Corp. prepares to issue an initial public offering on CBS RADIO stock and create a separate company out of the radio segment, it is breaking out the radio numbers from the Local Broadcasting segment. CBS RADIO’s performance was basically flat comparing the third quarter of 2016 to the same period a year ago. Net revenue was $319 million compared to $318 million in 2015.
Gann Upped to Regional SVP of Programming for iHeartMedia. Programming pro Brian Gann is being elevated to regional SVP/programming for iHeartMedia’s Central Texas Region. Gann has been program director for spoken-word formatted stations in the same region, including news/talk WOAI and sports talk KTKR in San Antonio and news/talk KVET in Austin. In this new role, San Antonio-based Gann will “oversee all on-air content as well as music and digital programming for iHM’s 15 radio station brands in the Austin and San Antonio regions.” He comments, “I am thrilled to have the opportunity to program some of the leading radio station brands in Central Texas. Great things are happening for iHeartMedia in Austin and San Antonio and I am humbled to be a part of it.”
Update on Warner Wolf’s ‘Imus’ Exit. No one’s talking on the record – neither Don Imus nor WABC – but it appears that sports anchor Warner Wolf’s surprise departure from his role on the “Imus in the Morning” show based at Cumulus Media’s WABC comes as a result of the wishes of Imus himself. The New York Daily News’ Don Kaplan writes that, when asked why he’s leaving the show, his cagey response was, “You’d have to ask Imus that question.” As TALKERS reported on Friday, WABC personality Sid Rosenberg is returning to the sports anchor role on the show and he’ll continue to co-host the 10:00 am to 12:00 noon show with Bernard McGuirk. Read the Daily News piece here.
iHeartRadio Names Peterson and Murphy to SVP Positions. Joining iHeartMedia’s digital platform iHeartRadio are Chris Peterson, to serve as senior vice president of podcasting, and Beth Murphy, as the new senior vice president of marketing. The company says Peterson will oversee iHeartRadio’s overall podcast strategy and grow its profile in the podcast community. He will guide content partnerships, advise the product team on its podcast roadmap, and work with sales to monetize podcast efforts. He most recently was content partnerships manager for TuneIn. He’s also worked as director of operations for The Blaze and the director of affiliate relations for Premiere Networks. Murphy’s charge is to manage brand messaging and the user lifecycle process, as well as optimize user acquisition and retention. She will work closely with iHeartRadio’s Chris Williams, chief product officer and Adam Denenberg, chief technology officer to oversee iHeartRadio’s overall streaming music and live digital radio strategy. Murphy has previously served as chief marketing officer at Deezer and Stitcher.
Sabo: What Are You Going to Do on Wednesday? Media consultant Walter Sabo asks that question of talk radio stations that are talking primarily politics most of the time. What do stations that want to broaden their appeal do after tomorrow’s election? He ticks off a list of stations whose ratings are growing and states, “Those stations, and others that are growing, present a wide range of subjects and hosts with varying points of view. The results indicate that the wider the conversation, the higher the ratings.” Read more from Sabo here.
The St. Louis Post- Dispatch Encourages FCC Complaints About Oldies/Talk KZQZ-AM. The newspaper has taken an unusual step in publishing an editorial encouraging the public to complain to the FCC about the language of talk host Bob Romanik. The station calls itself “The First Amendment Station” and the newspaper says it is a great supporter of First Amendment rights, “but there’s a line between political expression and hate speech that must not be crossed.” Romanik’s voice appears in recorded political ads in which he refers repeatedly to St. Clair County Board Chairman Mark Kern as a cross-dresser and “faggot.” The paper writes, “Listeners must not allow this abuse of the public airwaves to stand. The Federal Communications Commission needs to hear from anyone who believes Romanik’s hate speech deserves sanction. Romanik makes GOP presidential candidate Donald Trump seem like a model of good manners and decorum.” Read the whole editorial here.
Odds & Sods. At Entercom’s sports talk WEEI-FM, Boston, air personality and WEEI.com writer Jerry Thornton announces he’s leaving the company to return to Barstool Sports where he’ll write and host his own football podcast. Thornton joined WEEI two years ago and has been serving as the third voice on the afternoon drive “Dale and Holley” show with Dale Arnold and Michael Holley. He writes of his decision saying, “You don’t walk away from a job situation like this unless you have an opportunity too good to pass up. And that’s what Barstool has offered me.”…..iHeartMedia promotes Matt “Shaggy” Culbreath from his APD position to program director of news/talk WSPD, Toledo…..Former WITI-TV, Milwaukee anchor and reporter Katrina Cravy is signed up to make regular, twice-weekly appearances on the “Mornings with Dave Luczak” show on Saga Communications’ classic rock WKLH, Milwaukee. Cravy exited the TV station in September of this year…..FOX News Radio’s election coverage plans include a 6:00 pm start for anchored content with Jared Halpern, Laura Ingle, along with Fox News contributor Tony Sayegh. Tonya J. Powers and Jon Decker will report live from the Hillary Clinton campaign headquarters while Rachel Sutherland and Gurnal Scott will be on hand live from the Trump headquarters. FNR will have reporters throughout key states and Chad Pergram will cover the congressional race from Capitol Hill.
Beasley Broadcast Group Retains Dan Finn to Lead New Jersey Stations. On the heels of last week’s closing on the Greater Media stations, Beasley Broadcast Group announces that it is formally bringing executive Dan Finn into the company’s fold as senior vice president and market manager for the New Jersey cluster. Finn had been with Greater Media since 2001, first as VP and regional general manager, then as SVP and regional general manager since 2007. Finn comments, “It’s an honor and privilege to now be a part of the Beasley team. My staff and I are excited to continue working with these heritage properties for such a legendary broadcasting company.”
The Presidential Race, U.S. House and Senate Races, FBI Clears Clinton in Emails Matter, ObamaCare Premiums Soar, Daylight Saving Time Ends, and College and NFL Action Among Top News/Talk Stories Over the Weekend. The presidential contest between Donald Trump and Hillary Clinton; the down-ticket races for the U.S. House and Senate; FBI Director James Comey announces no new investigation into Clinton emails; ObamaCare’s premium increases; the pros and cons of Daylight Saving Time; and the weekend’s college football and NFL games were some of the most-talked-about stories on news/talk radio over the weekend, according to ongoing research from TALKERS magazine.