Emmis Fiscal Q3 Report: Pro Forma Revenue Down 3%. The August sale of KPWR, Los Angeles – along with the sale of some of its magazine assets – don’t allow for a true year-over-year comparison for Emmis Communications. But, today the company reports that its pro forma radio revenue in the third quarter would have been down 3%. As it stands, Emmis reports radio net revenue for the third fiscal quarter was $34 million, down from $42.5 million in the fiscal third quarter a year ago. Emmis pro forma radio revenue per Miller Kaplan (which excludes barter and syndication revenues), was down 4% in markets that were down 2%. Emmis CEO Jeff Smulyan states, “Overall it was a disappointing quarter, but I am encouraged going forward by the ratings trends at our radio stations. This fiscal year, our radio stations have been growing their ratings vis-à-vis our competitors, which should manifest itself in better revenue performance in Q4 and into the next fiscal year.” Smulyan also says that he’s pleased with the progress of the NextRadio app. “This week at the Consumer Electronics Show in Las Vegas, NextRadio announced a first-to-market connected car solution: JVCKENWOOD has adopted NextRadio’s technology to provide an enhanced local FM radio listening experience. Samsung, the largest Android handset maker in the world, is the latest device OEM to continue its support for NextRadio by unlocking the FM chip in upcoming smartphone models in the U.S. and Canada. In addition, NextRadio recently had a significant win when a major prepaid wireless carrier in the United States agreed to begin preloading NextRadio on its devices starting in early 2018. These are terrific wins and sustain our momentum.”
SiriusXM Teases Q4 Financial Numbers. As it has done in recent quarters, SiriusXM is revealing some general news about its quarterly achievements ahead of its actual quarterly financial report release. The satcaster signals that it will announce that it’s beaten guidance for both financial measuring sticks – net revenue, free cash flow, EBITDA and more – as well as subscribers. SiriusXM says it will have wrapped the year 2017 with 27.5 million self-paying subscribers. The total subscriber base will be 32.7 million.
Save the Date – TALKERS 2018 Set for NYC. The date has been set for the 21st annual installment of the longest-running and most important national talk media industry convention. TALKERS 2018 will take place on Friday, June 8, 2018 in New York City. Initial details covering venue, registration and sponsorship information will be posted here on Talkers.com this Friday. Save the date, this promises to be one of the most exciting and dynamic installments in the history of this iconic radio-oriented event.
Soechtig Named Market Manager for iHeartMedia Tampa. There’s a change in management at iHeartMedia Tampa Bay as Chris Soechtig succeeds Sam Nein as market president for the cluster that includes news/talk WFLA and sports talk WDAE. iHeartMedia North Florida Region president Linda Byrd comments, “I am thrilled to bring Chris home to Tampa Bay. He’s back where he started his career and now as the market president. Chris is an amazing leader with a track record of success in every position he has held in iHeartMedia. We’re so happy to have him on the North Florida Region team.” Soechtig most recently served as the market president for the company’s West Palm Beach/Treasure Coast markets.
New York Festivals International Radio Program Awards Announces Call for Entries. The 2018 New York Festivals International Radio Program Awards is now open for entries. The New York Festivals began in 1982 and annually presents honors to radio programs from numerous platforms and genres. NYF president and executive director Rose Anderson says, “From podcasts to audio books and every length in-between, today’s radio audiences are thoroughly invested in listening. Our new categories embrace that dynamic participation and emphasize the wide range of engaging topics storytellers everywhere are exploring.” New categories for 2018 include: Best Digital Documentary, Best Digital Special Event, Best Original Music and Miniseries. The competition also expanded the number of categories focusing on journalism to include Best Extended News Coverage, Best Drama Feature, Best Music Feature, Best News Feature, and Best Sports Feature. See the rules and how to enter here.
Trump-Russia Probe, Trump DACA and Immigration Policy, Bannon-Breitbart Split, Fire and Fury Book, Joe Arpaio Senate Bid/Birther Claim, Oprah Presidential Run Chatter, DOJ Renews Narcoterror Investigations, Government Shutdown Threats, Bezos Wealthiest Man in the World, Deadly California Mudslides, NBA Action, and NFL Playoffs Among Top News/Talk Stories Yesterday (1/10). The ongoing Robert Mueller-led probe into possible connections between Trump campaign operatives and Russian agents; President Trump’s decision to deport 200,000 Salvadorans and the administration’s immigration policy; Stephen K. Bannon’s exit from Breitbart News, controversy over the Fire and Fury book; former Arizona sheriff Joe Arpaio’s bid for the U.S. Senate and his renewing the questions about Barack Obama’s U.S. birth; the chatter surrounding a presidential run by Oprah Winfrey; the Department of Justice creates new team to investigate narcoterror operations; the threat of a federal government shutdown; Amazon founder Jeffrey Bezos is the world’s wealthiest man; the California mudslides that have taken 17 lives; NBA action; and the NFL playoffs were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.
TALKERS News Notes. Oklahoma City news/talk KOKC names morning show producer Mac Mullings as co-host of the afternoon drive program “The Ride,” alongside Chad Alexander. He replaces the departing Jason Doyle. KOKC program director Tod Tucker comments, “I’m ecstatic that Mac has agreed to split his day and remain with Frosty the Snowflake and me on the morning show, as well.”…..ESPN Audio launches a new podcast called “Sports? with Katie Nolan.” ESPN says the show will be “curious and fun. Guests will include sports fans from all sorts of industries: comedy, film, television, and who knows, maybe even science. Nolan’s first guest is Adam Pally, the actor, comedian and writer who is most widely known for starring as Max Blum in the ABC comedy series ‘Happy Endings’ and as Dr. Peter Prentice in ‘The Mindy Project,’ and who is currently starring in the off-Broadway play Cardinal.”
SRN’s Mike Gallagher Stumps for GOP Candidate. Pictured above are Salem Radio Network host Mike Gallagher (left) with WIND, Chicago talk host Dan Proft (right) in suburban Chicago yesterday (1/10). The two were stumping for conservative Illinois state representative Jeanne Ives, who is challenging incumbent Governor Bruce Rauner for the GOP nomination.
Beasley Broadcasting CEO, Caroline Beasley, Is This Week’s Guest on Harrison Podcast. The chief executive officer of Beasley Broadcast Group is this week’s guest on the award-winning PodcastOne series “Up Close and Far Out with Michael Harrison.” In a wide-ranging discussion covering many aspects of radio broadcasting – past, present and future – Caroline Beasley talks to the TALKERS founder about her company’s colorful history and its ongoing plans for continued “disciplined” growth in the future saying, “The last thing we want to do is over-extend ourselves.” She discusses her company’s devotion to its employees, whom she describes as “its greatest asset” as well as its core values as recently expressed in its mission statement. She also emphasizes the importance of air personalities in terms of the future of music radio’s ability to remain competitive. Other subjects include her view of the role of women in broadcasting and the monetization of digital cross-platforms. To listen to this fascinating and informative podcast in its entirety, please click here or click on the “Up Close and Far Out” player box located in the right-hand column on every page of Talkers.com.
MIW Group Mentoring Program Application Window Extended. The Mentoring & Inspiring Women in Radio (MIW) Group is extending the deadline for applications to January 22, 2018. This program pairs up-and-coming women who currently work in the radio industry with female professionals recognized as leaders in all aspects of radio broadcasting and media. A total of four candidates from the radio broadcasting industry – within the sales, marketing, programming and digital disciplines – will be selected for the 2018 program. Of those, at least one spot will be designated for a programming candidate and one spot designated for a digital candidate. For mentee criteria, and instructions on how to apply, please click here.
Music Radio News and Career Moves. The pop-centric iHeartRadio Music Awards has announced nominees for the 2018 edition of the awards show to be held on March 11 at the Forum in Los Angeles. As in past years, the program will be simulcast on TBS, TNT and truTV at 8:00 pm ET/5:00 pm PT. iHeartMedia Entertainment Enterprises president John Sykes says, “We have a guiding principle at iHeartRadio that fans rule. In our fifth year, we are still holding true to our original vision of staging an awards show that truly reflects the music fans loved listening to on iHeartRadio all year long.” Artists receiving multiple nominations include Rihanna, Taylor Swift, Ed Sheeran, Bruno Mars, Luis Fonsi, Daddy Yankee, Justin Bieber, DJ Khaled and The Chainsmokers. See the full list of categories here.…..At KCAL, Riverside, SBR Broadcasting makes changes to the rock station, cutting a number of on-air personalities, including morning drive cast members James “Jimbo” Smith and Tiffany Angelo, as well as morning show producer Steven Kono. Night jock Michael “Stu Man” Stewart was also let go. Station GM Jeff Parke says, “The ownership decided they just couldn’t keep operating KCAL with such high expenses. All of the people we had to let go are like family to me. This has been really tough, to say the least.”…..The Ace & TJ Show and The Radio Button Network, announces that Tracey Millman is promoted to VP of community relations/sales. She has been with the show for more than three years in which she has moved from director of operations to this newly created position. In addition to being lead for network sales for the show and other Radio Button Network partners, she’ll head the outreach program for the newly created charity, Ace & TJ’s Radio Family Charity.