CBS Corp. First Quarter Total Revenue Down 7%. But that dip is not as much as analysts had predicted. CBS Corp. reported total revenue of $3.34 billion for the first quarter of 2017. Reuters notes that analysts – on average – had expected total revenue to be around $3.27 billion. CBS is reporting the radio division – in the process of being merged with Entercom, a merger that is still expected to close in the second half of this year – as discontinued operations. The radio division was down 4.6% on revenue of $250 million, down from $262 million in the first quarter of 2016. CBS reports the assets of the radio division to be $3.57 billion, down from $4.29 billion in Q1 2016 due primarily to “a non-cash charge of $715 million to establish a valuation allowance to adjust the carrying value of CBS Radio to the value indicated by the stock valuation of Entercom.”
E.W. Scripps’ Q1 Total Revenue ‘Essentially Flat.’ The bulk of E.W. Scripps’ business is television and the revenue figures bear that out – TV revenue in the first quarter of 2017 was $180 million, radio was $14 million, and digital was $15.4 million. The radio division was basically flat, down from 2016’s Q1 revenue of $14.6 million. But the company is bullish on its digital division, especially podcast platform Midroll, which the company says “is making strides with owned-and-operated shows on our Stitcher podcast delivery service, including Katie Couric; “The Sporkful,” a show for eaters; “First Day Back,” a real-life show about coming back from something that changes you; the hit parenting show “The Longest Shortest Time”; and the chart-topper “Missing Richard Simmons.” Our owned-and-operated shows are part of our 300-show national advertising network but allow us to keep more of the ad revenue. Audience and revenue growth are off to a strong start this year at Midroll.”
GOP Health Care Bill Tops Talkers TenTM for Week of May 1-5. The Thursday House vote to repeal the Affordable Care Act and the challenges the move faces in the Senate was the most-talked-about story on news/talk radio during the week. At #2 was the James Comey Congressional hearing on his investigation into Hillary Clinton’s email case tied with Clinton’s interview with CNN’s Christiane Amanpour. Coming in at #3 was the ongoing tensions between North Korea and the U.S., followed by the Religious Freedom Order signed by President Trump 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.
Former Fox News Radio Reporter Sues for Gender Discrimination. The suit, filed in New York District Court in Manhattan, alleges that Fox News Radio reporter Jessica Golloher was dismissed shortly after contacting the company’s independent investigator to file a complaint against her two male superiors – FNR vice president Mitch Davis and director of radio news programming Hank Weinbloom. Golloher’s termination from the company doesn’t take effect until August and she’s been told it’s for budgetary reasons. Fox issued a statement to Bloomberg saying that Golloher’s claims are “without merit.”
TALKERS News Notes. According to a report from Chicago media writer Robert Feder, Tony Lossano is the new executive producer of Bob Sirott and Marianne Murciano’s WLS-AM midday show. Lossano has been with Cumulus Media in Chicago since 2011 at sister classic hits outlet WLS-FM producing programs hosted by Dick Biondi, John Records Landecker and Robert Murphy…..A new podcast from ESPN debuts today titled, “The Basketball Analogy.” It will feature a rotating lineup of NBA insiders, writers, reporters and hosts covering the latest news and analysis. Among those who will lend their voices to the program include: insider Amin Elhassan, reporter and senior writer Brian Windhorst, insider and analyst Tom Haberstroh, writer Kevin Arnovitz, insider Tim MacMahon, insider and analyst Kevin Pelton, sideline reporter Cassidy Hubbarth, Rachel Nichols (host of ESPN’s The Jump), Pablo Torre (senior writer) and Ohm Youngmisuk…..The Radio Advertising Bureau announces that 117 radio spots and campaigns have made it to the finals of the 2017 Radio Mercury Awards. The annual awards honor outstanding radio created by advertising agencies, production companies, radio stations and students. BBDO NY, DeVito/Verdi, and iHeartMedia Creative Services lead this year’s entries throughout multiple categories. The Radio Marketer of the Year will be awarded to T-Mobile at the June 1 awards event in New York. RAB president and CEO Erica Farber states, “This list of 117 agencies, production companies, radio stations and universities, has reached an exceptionally high level of creative excellence. No matter the advertiser or market size, the ability to build brand awareness and drive ROI is truly unique to radio. All of these finalists creatively succeed on delivering that promise.”
Rhode Island Radio Hall of Fame Class of 2017. Pictured above is the Class of 2017 of the Rhode Island Radio Hall of Fame at last night’s benefit for Special Olympics of Rhode Island at Twin River Casino. From l-r are: Retired RAB VP Dick Rakovan, 1970s WPRO AM/FM GM, later head of Providence-based Outlet Broadcasting Radio Group; former JB105 DJ Johnny Dowd, now Jaybeau Jones on SiriusXM’s 70s-on-7 and WROR, Boston; iHeartMedia Providence market manager Rhonda Lapham, whose stations were recognized for public service; WNRI, Woonsocket partner Roger LaLiberte, who has hosted his French-language program for 50 years; retired WABC and everywhere-in-Boston DJ Frank Kingston Smith; and WPRO-AM operations manager Tony Mascaro; also inducted posthumously was longtime NBC Talknet and WPRO host Myrna Lamb. Recognized as 2017 recipient of The Shepard Award for Rhode Island radio pioneers, the late Mowry Lowe, who became WEAN station manager in 1950. He covered The Great Hurricane of 1938. Remembered as 2017 Legacy Station of The Year, 60s/70s CHR icon WICE, call letters which saluted the Providence Reds hockey team whose games it broadcast.
Music Radio News and Career Moves. This from Blaine Thompson at Indiana Radio Watch – Emmis Communications is naming Cara Denis to the music director/PM drive position at its country WLHK, Indianapolis “97.1 Hank FM.” She succeeds J.D. Cannon, who recently announced his retirement from the station. Denis previously served with the station as producer for the Dave O’Brien morning show. She also worked at Cumulus Media’s crosstown country WMDH “NASH FM 102.5.”…..This summer, iHeartMedia Denver is presenting its very first “Broncos Block Party” featuring Andrew McMahon in the Wilderness. It’s an all-ages event that will take place on The Lawn at Mile High, adjacent to Sports Authority Field on Sunday, July 2…..The “Ninth Annual Alumni Takeover Week” at Montclair State University’s non-commercial WMSC-FM, Upper Montclair, New Jersey began yesterday (5/4). Alumni radio people who are filling in for the student jocks so they can focus on spring term exams, include: WCBS-AM, New York’s Tom Kaminski – class of ’84, New Jersey 101.5’s Bob Williams, and Westwood One’s Jana Polsky Deneroff…..On Friday, June 2, WPLR, New Haven’s Chaz and AJ will take their morning show to Fantasia in North Haven to help raise money for disabled Army Specialist Ryan Dostie, from Hamden, Connecticut. Army Specialist Dostie suffers from PTSD after spending four years in Iraq and three years in the National Guard. Dostie has been unable to work for the past few years and her home needs serious repair. Heart 9/11, a group made up of September 11th and Newtown first responders that renovates homes for veterans, brought her story to the attention of Chaz and AJ. “Ryan gave up prime years of her life to volunteer for her country,” comments Chaz.” The very least we can do as a community is help her live in a home that makes her feel that it was all worth it.”