Cooke: Talk Radio’s Dream Come True? Media consultant Holland Cooke writes today, “After nearly two years of campaign noise, many Americans were eager ‘for it to end.’ But November 8 was a beginning. And with the manners our parents preached now scorned as political correctness, the noise will only get louder. In the social media era, broadcasters’ challenge is to cut through that clutter. Donald Trump will be President of The United States, and the implications for radio’s top format are profound.” Read more here.
iHeartMedia Shows 1.2% Rise in Third Quarter Revenue. Reporting third quarter financial numbers, iHeartMedia’s revenue was $857 million – up 1.2% from the same period in 2015. For the first nine months of the year, iHM revenue was $2.46 billion – an increase of 3.3% over 2015. In a statement, chairman and CEO Bob Pittman touts some of the company’s initiatives and events. “We continue to grow our audiences across our broadcast radio, outdoor, digital, social, mobile and events platforms, while advancing our transformation as a digital-facing, data-rich company built on the power of broadcast radio and out-of-home. “This quarter, we were excited to announce the reimagining of live radio with our two new subscription services, iHeartRadio Plus and iHeartRadio All Access, set to debut in January 2017. In addition, at both iHeartMedia and outdoor, we continue to invest in programmatic buying platforms and research analytics tools to leverage our assets for the benefit of our marketing and advertising partners, and at Americas outdoor and International outdoor, we continue to realign our resources to expand our digital out-of-home networks.”
Cumulus Media Dips 1.1% in Third Quarter. That figure is for the company as a whole and is a percentage change based on net revenue of $286.1 million for the third quarter of 2016. For the first nine months of this year, revenue is $841.9 million, down 2.1% from the nine month-period in 2015. Cumulus breaks the company into two segments – the Radio Station Group, and Westwood One. The latter has been the most troublesome for Cumulus. Westwood One net revenue was down 5.5% over the same period in 2015 while the Radio Station Group was basically flat – up just 0.7% on revenue of $206 million. President and CEO Mary Berner says, “A year into our turnaround effort, we have made considerable progress against our operational priorities while leading the industry in ratings growth. Though our performance in the quarter was negatively impacted by headwinds which have challenged us all year, we see evidence that our work is paying off financially as we gained share this quarter for the first time in at least four years. As we seek to maintain the momentum of our initial strategies, we have now also launched a focused effort to improve sales execution as the next logical step in our turnaround plan.”
Cox Media Group’s WDBO-FM, Orlando First to Declare Trump Winner in Florida and Nationally. Orlando news/talk “News 96.5 WDBO” is saying it made two “unprecedented moves” in covering the election on Tuesday night. Director of programming Drew Anderssen says his station called Trump’s Florida victory minutes before the Associated Press. “Our in-house statistician watched returns county-by-county from the State of Florida, rather than relying on other national media outlets, which led to my decision to call Florida a victory for Trump.” Later in the evening, Anderssen says the station projected Trump to be the next president more than two-hours before “the Associated Press or any other national news outlet.” He adds, “We were looking at all scenarios and talking with our Washington DC bureau’s Jaime Dupree, who has 30 years of experience monitoring elections from Capitol Hill. Along with our ‘News 96.5 WDBO’ in-house team, it was a clear to us that it was statistically not possible for Hillary to win. I trusted my team and stood by their experience when we went on the air at midnight projecting Trump the winner.” WDBO morning host Joe Kelley scored a rare, morning-after interview today. Kelley says, “We wrote his number down from the caller ID during yesterday’s interview. We called the number today thinking ‘there’s no way he’ll answer,’ but he did.”
The Trump vs Clinton Race; the U.S. House and Senate Races; Hillary Clinton’s Email Problem; Marijuana Legalization; and the NFL’s Sinking Ratings Among Top News/Talk Stories Yesterday (11/8). The presidential election; the U.S. House and Senate races the battle for control over Congress; the lingering issues relative to Hillary Clinton’s use of a private email server for State Department business; the several states with marijuana legalization on the ballots and shifting attitude across the country; the weekend’s NFL action and the league’s sinking ratings were among the top news/talk stories yesterday, according to ongoing research from TALKERS magazine.
Beasley’s SEC Filing Details Q3 Results. The company announced last week that its net revenue of $27.7 million in the third quarter of this year represents a 5.6% increase over the same period a year ago. The Form 10-Q filed with the Securities Exchange Commission includes information about what constituted the $1.5 million year-over-year increase. Beasley Broadcast Group notes, “Significant factors affecting net revenue included a $1 million increase in advertising revenue from our Tampa-Saint Petersburg market cluster, a $0.4 million increase in advertising revenue from our Charlotte market cluster, and a $0.3 million increase in advertising revenue from our Fayetteville market cluster – partially offset by a $0.2 million decrease in advertising revenue from our Wilmington market cluster. Net revenue for the [quarter]…also included $0.5 million of political advertising from the 2016 elections.”
Rob Graham Retires from WINA, Charlottesville. News director Rob Graham is retiring from Saga Communications’ news/talk WINA, Charlottesville after 32 years with the station. He’d also worked in his home state of Iowa at KWPC and KFMH in Muscatine and KLNT and KLNQ in Clinton during his career. He left radio for two years in 2000 to work in the public relations business.