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Archive for April, 2019

Tuesday, April 30, 2019

| April 30, 2019

Entercom Net Revenue Up 3% in First Quarter of 2019. Net revenue for Entercom Communications Corp. was $309 million in the first quarter of 2019 – an increase of 3% over the $300.6 million figure for the same period in 2018.  Operating income soared to $30.4 million, up from $5.7 million in the first quarter of 2018. At the same time, total operating expenses decreased 5.6% from last year to $278.6 million.  Entercom president and CEO David Field says, “I am pleased to report that Entercom delivered another strong quarter of performance as revenues increased 3% and Adjusted EBITDA surged 42%.  Our transformational investments in new products and capabilities and the hard work of our team are beginning to pay off as we capitalize on our scale and the abundant growth opportunities in audio. Second quarter revenues are pacing up by more than 4% and we are excited about our progress across multiple areas of the business and by the dynamic future ahead.”   Today’s report also states that “later today, the company expects to issue $325 million in 6.50% senior secured second-lien notes due 2027.  The company plans to use the proceeds of the issuance, as well as cash on its balance sheet and borrowings under its revolver, to repay $425 million of its senior secured Term Loan and to pay fees and expenses related to the issuance.” At the end of the first quarter, Entercom had outstanding $1.29 billion of senior debt under its credit facilities and $400 million in senior notes.  The company reports having $68 million in cash on hand.

Nielsen Reports Q1 Financials; Audience Measurement Revenue Up 1.5%.  As the company’s board of directors continues to consider selling all or part of Nielsen Holdings plc, the company reveals its revenue for the first quarter of 2019 was down 2.9% (on revenue of $1.56 billion), however was up 0.4% on a constant currency basis, compared to the first quarter of 2018.  The company recently renamed its Watch and Buy segments. They are now Nielsen Global Media and Nielsen Global Connect, respectively.  During Q1, revenue in the Nielsen Global Media segment increased 0.2% to $826 million, or 1.3% on a constant currency basis, compared to the first quarter of 2018.  Revenue in Audience Measurement increased 1.5%, or 2.2% on a constant currency basis, primarily due to continued client adoption of Nielsen’s Total Audience Measurement system, partly offset by pressure in local television measurement. Nielsen CEO David Kenny states, “Our first quarter results were ahead of our expectations, reflecting solid execution and continued focus on improving operational and financial rigor across Nielsen.  While I’m pleased with our first quarter results, we have a significant opportunity to accelerate our growth rate over time as we leverage and build on our incomparable data assets, our global footprint, and the critical role we play in the media and FMGC (fast moving goods company) industries.  We have begun our transformation into a truly product-driven, technology organization, able to make faster, bolder decisions that drive greater value for our clients and for Nielsen.”

Report: Erick Erickson Planning New Late Morning Show on Athens News/Talker. According to a report in the Atlanta Journal Constitution by Rodney Ho, WSB-AM/WSBB-FM, Atlanta personality Erick Erickson noted on his Facebook page that he’s planning a new talk show for the 9:00 am to 12:00 noon daypart that would focus on Georgia news and politics.  Ho reports that WSB program director Pete Spriggs says the show is in the planning stages right now and the company’s news/talk WGAU-AM/W254CJ, Athens would be the show’s flagship.  Erickson would continue to host his afternoon show at WSB. Erickson says he believes that local news outlets are failing to give enough attention to Georgia news and the drive time shows focus too much on the national political scene.

Lars Larson Receives Honor from Right to Work Organization. KXL-FM, Portland-based talk radio host Lars Larson – also heard nationally via Compass Media Networks – is being given the “Lewis and Annabelle Fetterman Right to Work Communication Award” from The National Right to Work Legal Defense Foundation.   The annual honor goes to an individual for their work in highlighting the injustices of compulsory unionism.  Larson says, “When my flagship station, FM News 101 KXL hired me, I got my first taste of forced unionism.  I arrived at my shiny new $9/hr job as afternoon anchor and editor in March of 1980. A big talk guy, whose name I have forgotten, walked up to me and introduced himself as the shop steward and told me in no uncertain terms, ‘You will join the union.’  I told him I had no interest in unions and no intention of joining.  He told me, ‘You’ll join or our contract says you’ll be fired in 30 days.’  Needless to say, I joined, paid the union and endured its extortion.  Years later at KXL, I happily joined an effort to decertify the union (it took two years but it succeeded).  I believe that every American worker should have the right to join a union or to decline union membership.  27 states now recognize this ‘right to work’ philosophy.  Nearly all of the Democratic Party candidates for president of the United States have vowed to kill section 14b of the Fair Labor Relations Act that allows for the ‘right to work.’  I have now worked 44 years in radio and television and have spent most of those years NOT IN A UNION by choice.  Every American should have that choice.”

WGN-AM and Crain’s Chicago Strengthen Relationship. This enhancement of the content integration between Tribune’s WGN Radio and Crain’s Chicago Business will bring Crain’s reporters to the air on WGN live from their Chicago newsroom, beginning Monday (5/6).  Each weekday, “The WGN Radio Crain’s Chicago Business Desk” will feature Crain’s reporters twice daily on WGN during newscasts at 7:00 am and 5:00 pm, in addition to listeners hearing the top business news of the day at 12:50 pm during the “Wintrust Business Lunch” program.  Crain’s publisher and executive editor Jim Kirk says, “We’re very happy to expand our relationship with WGN.  The station’s unique relationship with its listeners is a natural for Crain’s as we continue to look for ways to grow our journalism beyond our traditional platforms.”

Entercom and Waze Enter into Multiplatform Partnership. This deal between Entercom and traffic app Waze will – among other things – allow users of both Waze and Entercom’s RADIO.COM app to benefit from each other’s content.  As part of the deal, RADIO.COM will be integrated into the Waze app, so that Waze drivers can get audio content – including local news and sports, local broadcast traffic reports, and the music stations – with ease.  They’ll have access to the RADIO.COM playback and discovery controls, including favorite, local, and recently played stations, directly in the Waze app.  The partnership also allows Entercom to integrate the Waze community-based traffic data into its live and over-the-air traffic reporting across its radio stations. Entercom stations will utilize the Waze data to provide enhanced, real-time and hyperlocal traffic reporting to listeners on all platforms.

Progressive Insurance Named ‘Radio Marketer of the Year.’ The insurance company is being honored with the “Radio Marketer of the Year” award at the 2019 Radio Mercury Awards at SONY HALL in New York City on June 6.  The award is being given to Progressive Insurance “in recognition of the company’s long-term partnership with the radio industry to reach and engage consumers.  Their powerful radio creative differentiates the brand in a crowded category and significantly contributes to record sales for Progressive.” RAB president and CEO and chair of the Radio Creative Fund Erica Farber says, “Progressive Insurance and its creative advertising partner Arnold Worldwide continue to be tremendous partners to the radio industry. Broadcast radio is delighted with the ongoing collaboration with CMO Jeff Charney and his team, and we look forward to their continued innovation in the audio space.”  Charney comments, “Understanding the ‘art and science’ of the medium is key to putting out breakthrough radio campaigns.  It allows us to produce compelling and disruptive content that pushes toward the creative edge in all the right ways.  We sweat every second of each spot, and this recognition proves our company’s out-create approach drives powerful results.”

Sue McNamara Named EVP of Sales for PodcastOne. Sales pro Sue McNamara is appointed to the position EVP of sales for the Eastern U.S. for PodcastOne.  She comes to PodcastOne with a resume that includes roles SVP of advertising sales at CBS Corporation, EVP of sales at Interep, and VP of sales at Total Traffic Network.  PodcastOne executive chairman and founder Norm Pattiz says, “When looking for someone to fill this position, we spoke to a number of our advertisers, and the one name that kept coming up was Sue McNamara.  After our first meeting at our Los Angeles headquarters, I understood exactly why.  She knows audio.  She not only understands advertisers’ goals and needs, she’s been instrumental in creating new, creative opportunities for them.  She’s a perfect fit for podcasting and that makes her the perfect choice for PodcastOne.”

TALKERS News Notes. The online-only broadcasts from the sports talk hosts of “The Mighty 1090” have ended. As reported by KGTV-TV, San Diego, the sports talk format that was bumped off Mexican signal XEPRS on April 11 is no longer an online venture either.  Broadcast Company of the America’s pulled the plug on the digital feed at around 2:00 pm yesterday (4/29), ending almost three weeks of online only content.  The staff were asked to come to the studios and retrieve their belongings.  KGTV-TV notes that BCA previously lost two other of its Mexican signals – XHPRS, formerly a classic hits station, and XEPE, also a sports talk station – after negotiations with the Mexican owners broke down…..WMFS-FM, Memphis “ESPN 92.9” sports talk personality Eric Hasseltine is exiting the Entercom station after almost eight years hosting the 2:00 pm to 4:00 pm program.  Hasseltine is also the radio play-by-play voice for the NBA’s Memphis Grizzlies, a position he will continue to hold. WMFS program director Brad Carson says Jeffrey Wright, producer for the station’s Geoff Calkins show, will host the 2:00 pm to 4:00 pm daypart for now. Hasseltine says the decision to leave the station was entirely his and adds that it was not an easy decision to make…..Urban news/talk WURD, Philadelphia is bringing air personality Solomon Jones back to the station to host the morning drive “Wake Up with WURD” program, effective Monday (5/6).  Jones tells the Philadelphia Tribune, “I’m pleased to be able to come back.  I missed the audience at WURD and I’m anxious to be able to get started again and to just impact our community.  Doing what I do at WURD is familiar and I think it is ministry.  I want to make sure that our community is informed and engaged.  There are some things that we need to really be talking about and take action on.”…..Cox Media Group’s news/talk KRMG-AM/FM, Tulsa hosted nationally syndicated digital expert Kim Komando at a luncheon today (4/30).  KRMG invited 225 listeners to the Women in Business Luncheon presented by Community Care College.  KRMG program director Levi May states, “Kim Komando is a real power player in both the media and technology fields and it’s an honor that she chose Tulsa to visit in 2019.  We are thrilled to have an opportunity to put her in front of our listeners in an intimate setting where she can talk about her successes and share her tips with other women.”  In addition to Komando’s appearance, KRMG news director April Hill moderated a panel discussion of Tulsa businesswomen.

77WABC’s Sid Rosenberg Speaks at NYTimes Protest.  Pictured above is WABC, New York personality Sid Rosenberg (holding mic) at a protest outside the offices of The New York Times.  The co-host of the “Bernie & Sid in the Morning” program addressed the crowd gathered to protest the publication of a cartoon depicting President Trump and Israeli Prime Minister Benjamin Netanyahu that’s being called anti-Semitic.

2020 Presidential Politics, Trump Sues Banks, Dems Impeachment Talk, NYTimes Cartoon Criticism, Venezuela Political Unrest, Southern Border Crisis, Game of Thrones, Avengers: Endgame Movie, NBA Playoffs, and MLB Action Among Top News/Talk Stories Yesterday (4/29). Democrat Joe Biden’s rise in the polls and the politics surrounding the 2020 presidential campaign; President Trump sues to prevent Deutsch Bank and Capital One from releasing personal and Trump business financial information; the talk of presidential impeachment among congressional Democrats; the criticism of the New York Times cartoon depicting Trump and Netanyahu as being anti-Semitic; Juan Guaido’s attempt to lead a military uprising against the Maduro government in Venezuela; the migrant status at the U.S.-Mexico border; Sunday’s “Game of Thrones” episode in the HBO series’ final season; the Avengers: Endgame movie; the NBA playoffs: and MLB action were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Music Radio News and Career Moves. Denver country outlet KYGO has a new program director as Bonneville names Brian Michel to the position.  Michel was most recently with iHeartMedia as SVP of programming for the Atlanta station group…..iHeartMedia announces that Taylor Swift is joining the lineup of KISS-FM, Los Angeles’ Wango Tango concert being held on Satuday, June 1 at The Dignity Health Sports Park in Carson, California…..SiriusXM is getting ready to present Florida Georgia Line performing in a special invitation-only event at the historic Ryman Auditorium in Nashville.  The private show will be the first time the GRAMMY-winning duo has performed at the legendary venue and will air on SiriusXM on May 29…..LBI Media names Wynette Gallegos Ortiz director of sales for the Houston market.  Ortiz will lead LBI Media’s sales and operations activities for all of its radio properties and EstrellaTV’s sports and event activations in Houston.  Ortiz has been with LBI Media since 2001, starting as an account executive and quickly moving up the ranks and into management as local sales manager and eventually as general sales manager.

March 2019 PPM Analysis:
Commercial News/Talk

| April 29, 2019

By Mike Kinosian
Managing Editor
TALKERS

LOS ANGELES — Our four-part series of March 2019 overviews concludes with a thorough analysis of commercial, English-language news/talk properties.

Included are all commercial, English-language news/talk outlets (including online streams, if applicable) that appeared in any of Nielsen Audio’s 48 PPM-markets (6+, March 2019).

Unless otherwise noted, information for each station and stream was factored into all of our highlighted charts.

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Monday, April 29, 2019

| April 29, 2019

Beasley Broadcast Group Q1 Net Revenue Up 4.6%.  The 2019 first quarter financial report from Beasley Broadcast Group includes the acquisition of WXTU, Philadelphia and reveals net revenue of $57.7 million – an increase of 4.6% over the $55.2 million figure from the first quarter of 2018.  The company says the increase “reflects growth in the company’s Philadelphia cluster primarily related to the September 2018 acquisition of WXTU-FM, growth in the company’s Tampa cluster primarily related to the 2018 acquisition of an event company, and revenue growth in three of the company’s other radio markets, partially offset by declines in the remaining markets where the company operates.”  Station operating income rose $0.6 million or 6.2% year-over-year in the first quarter of 2019 to $10.2 million.  The year-over-year increase reflects the net revenue growth during the period which more than offset a 4.3% year-over-year rise in station operating expenses related to the company’s expanded platform.  Beasley CEO Caroline Beasley says, “The ongoing execution of our strategies to expand our scale, diversify our revenue mix and leverage the value of our premium local brands and content continued to serve Beasley well in the first quarter of 2019.  The strength of our station clusters in three of our top five largest revenue markets as well as contributions from recent acquisitions and station swaps resulted in a 4.6% revenue increase and more than offset the $0.8 million year-over-year decline in revenue from our prior relationship with United States Traffic Network, which was discontinued in the third quarter of 2018.  As a result, Beasley’s first quarter net income rose to $1.4 million, we generated a 6.2% year-over-year increase in SOI and generated an overall margin improvement.”

TALKERS CONVENTION SPOTLIGHT:  Sports Talk Radio to be Spotlighted at Forthcoming Talkers Convention.  An examination of sports talk radio will be one of the many highlights planned for the forthcoming Talkers 2019: Telling the Story on Friday, June 7 in New York City.  There will be two significantly pertinent sessions addressing spoken-word radio from the sports talk perspective.  The first will be a one-on-one discussion between two leading influencers in the genre.  Mark Chernoff, SVP programming WFAN/Entercom New York and captain/sports format, CBS Sports Radio will be in direct conversation with Mike Thomas, program director, WBZ-FM, Boston “98.5 The Sports Hub” and brand manager for spoken word, podcasts, esports, Beasley Broadcasting.  The introducer/facilitator of this conversation will be nationally syndicated talk generalist Kate Delaney, host of “The Kate Delaney Show” (Genesis Communications Network) and weekend contributor to NBC Sports Radio.  The other major sports talk session featured at Talkers 2019: Telling the Story will be a special keynote address delivered by nationally syndicated CBS Sports Radio superstar Jim Rome, titled, “Engaging the Already Informed.”  Rome will address the challenges presented in the modern era of heightened, amplified, and sped up communications – not just in sports talk but in all forms of talk radio – in which the audience already has the basic information about what’s happening news-wise within the genre before the conversation even begins.  Don’t miss these sessions!  The conference is rapidly moving toward being an early sellout. To see the entire up-to-the-minute agenda and registration/hotel information, please click here.

PPM Analysis: News/Talk. TALKERS magazine managing editor Mike Kinosian presents a look at the performances of radio stations based on data from Nielsen Audio’s March 2019 PPM survey, today focusing on news/talk radio.  Just 28% of news/talk stations saw their weekly 6+ AQH share increase from February to March, while 51% went down.  Comparing year-over-year ratings, half the stations on our panel were up and half were down, with some notable movement from some of the country’s prominent news/talk outlets.  iHeartMedia’s WLW, Cincinnati rose 2.6 shares from March 2018 to March 2019 while Bonneville’s KSL, Salt Lake City and iHM’s WISN, Milwaukee both dropped 2.4 shares year-over-year.  Just two news/talk outlets ranked #1 (6+) in their respective markets in March – Cox Media Group’s WSB-AM/WSBB-FM, Atlanta and Townsquare Media’s WKXW, Trenton “New Jersey 101.5.” See Mike Kinosian’s entire report here.

Monday Memo: Promotion, Now More Than Ever. Consultant Holland Cooke writes in this week’s Monday Memo that too many radio stations don’t spend enough capital promoting themselves.  “One of radio’s enduring and painful ironies is that we sell advertising, but many stations DO none…which advertisers notice.  And, conversely, they view stations that do promote as ‘big,’ and they feel that stations’ off-air promotion supports the schedules we’ve sold them.”  Need reasons why you should be promoting your station?  Read Cooke’s column here.

AM Signals Profiled in Politico Piece. Different people have different opinions about the efficacy of AM radio in the 21st century, but a piece published recently in Politico presents a view of six AM broadcasters who connect with their audience in unique ways that belie their humble AM platforms.  The gist of the story is that there are audiences being served in very important ways via a broadcast technology that many – including a fair number in the radio industry – believe is past its prime.  But the cases illustrated in the piece indicate that for some, the value of the radio station is immeasurable.  Read it here.

Salem Media Group Profiled by The Hollywood Reporter. The piece is written by Jeremy Barr and is titled, “How Salem Is Quietly Becoming a Conservative Media Giant.”  The story quotes several Salem Media Group execs – including SVP Phil Boyce – as it lays out the company’s philosophy of presenting consistently conservative radio programming and digital conservative news and opinion sites that target politically aware and conservative Americans. The company also offers Christian talk and music programming.  SVP of spoken word programming Phil Boyce says the Salem Radio Network’s lineup was created purposefully.  “Every weekday, from 6:00 am ET to midnight, Salem broadcasts talk radio programming that fits together like a jigsaw puzzle. There is a linkage between all of the shows and while not all stations take our entire lineup, all of them could and you would not get tired of it.”  Read the whole piece here.

Lynn Woolley Show Returns to the Air in Central Texas. Longtime, Texas-based radio talk show host Lynn Woolley is going back on the air in Central Texas.  Via a deal with M&M Broadcasters, the Lynn Woolley show will be heard on sports talk outlets KLRK-AM/K257GO, Waco and KTON-AM/K230CH, Killeen-Temple-Belton, beginning on May 6.  Woolley has broadcast from studios in Temple for the past 23 years but the show will re-locate to Waco and will air live from 1:00 pm to 4:00 pm.  He says, “I could not be happier to work with some of the biggest names in Central Texas radio.  David Smoak is a nationally known sportscaster and the voice of the Baylor Bears. John Morris also broadcasts with M&M. I’m a Longhorn by nature, but I can guarantee that at least 10 times each season, I’ll be pulling for the Bears!”

Galaxy Media Appoints Dana Loucks CFO.  Taking over as the chief financial officer for Galaxy Media is Dana Loucks.   Galaxy president and CEO Ed Levine says Loucks will assume the CFO duties on May 14.  “We got to know Dana some years back as he was our banker for a period of time.  His tremendous knowledge of finance combined with a wonderful personality made him my first and only choice to succeed our great CFO Mike Lucarelli who is retiring.”  Loucks says, “I am truly looking forward to working with Ed and the rest of the progressive team at Galaxy Media.  Their longstanding commitment to quality in all areas of the business is a testament to the team’s dedication and work ethic. I am excited for the opportunity to join them and contribute to Galaxy’s continued success.”

TALKERS News Notes. The New York State Broadcasters Association announces the winners of its Excellence in Broadcasting awards for 2019.  In the large market category, WABC, New York’s “Bernie & Sid in the Morning” takes home the Outstanding Morning Show award.   In the medium market category, WHAM, Rochester was honored with the Outstanding Newscast award…..Sun Broadcast Group announces that it is handling syndication of “Ground Zero with Clyde Lewis.”  The program has been syndicated by Premiere Networks and it’s unclear from the SBG press release if Premiere is out of the picture and SBG is handling ad sales as well as affiliate sales.  Lewis is quoted saying, “We are so thrilled to partner with Sun Broadcast Group.  This is such a great opportunity for our format to reach new audiences. We have something for everybody no matter what you believe in.  We can’t wait to see what Jason Bailey and his team can do with our show and bring it to the next level. The support and dedication we have received from SBG so far has been incredible.”…..Texas Radio Hall of Famer Roger Emrich died on Saturday (4/27) after suffering a heart attack last week.  The 62-year-old broadcasters was a regular personality on KRLD-AM and the Texas State Network.  Emrich was also the stadium announcer for AT&T Stadium, home of the Dallas Cowboys.

Mueller Report Release Aftermath, 2020 Presidential Politics, Trump’s Wisconsin Rally, California Synagogue Attack, Southern Border Crisis, Game of Thrones, Avengers: Endgame Movie, NBA Playoffs, and MLB Action Among Top News/Talk Stories Over the Weekend. The response to the release of the redacted version of the Mueller Report; the Democrats vying to challenge President Trump in 2020 and the politics surrounding the election; President Trump’s rally in Green Bay, Wisconsin on Saturday; the deadly attack at a California synagogue; the state of the migrant influx at the U.S.-Mexico border; Sunday night’s episode of “Game of Thrones”; the new Marvel Comics film Avengers: Endgame; the NBA playoffs; and Major League Baseball action were some of the most-talked-about stories on news/talk radio over the weekend, according to ongoing research from TALKERS magazine.

Music Radio News and Career Moves. In Seattle, Jon Manley exits Entercom’s alternative KNDD “107.7 The End” where he’d been serving as APD, music director, and afternoon personality for the past five years…..Producer JP Allen joins Entercom’s country KMLE, Phoenix as producer for the “Maria & Chad” morning drive show. Allen has been with the company’s WSTR, Atlanta “Star 94.1” producing the “Jeff and Jenn” show…..Entercom alternative outlet KROQ, Los Angeles reveals the lineup for this year’s 27th annual “KROQ Weenie Roast.”  As the event moves to Doheny State Beach in Dana Point, California on Saturday, June 8, it will feature: The Lumineers, 311, Silversun Pickups, The Revivalists, Catfish and the Bottlemen, X Ambassadors, Flora Cash, Smith & Thell, and The Regrettes.  Entercom Los Angeles SVP Jeff Federman says, “We’ve always believed ‘Weenie Roast’ belonged on the beach and we are thrilled that after 27 years we are finally able to dig our feet in the sand.  We look forward to entertaining our listeners with this amazing lineup featuring some of their favorite artists that they hear on KROQ.”

Monday Memo: Promotion, Now More than Ever

| April 29, 2019

By Holland Cooke
Consultant

 

BLOCK ISLAND, RI — On a sales call while visiting a client station, the prospect asked how many listeners we’ve lost “now that everyone has SiriusXM.”  Although we could easily demonstrate satellite radio’s actual penetration, and that our cume is actually up lately, perception is reality, eh?

One of radio’s enduring and painful ironies is that we sell advertising, but many stations DO none…which advertisers notice.  And, conversely, they view stations that do promote as “big;” and they feel that stations’ off-air promotion supports the schedules we’ve sold them.

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March 2019 PPM Analysis:
Mainstream Rock

| April 26, 2019

By Mike Kinosian
Managing Editor
TALKERS

LOS ANGELES — Each month, we review PPM performances of three spoken-word genres and one music-intensive format.

Today’s focus is in the latter category with mainstream rock in the spotlight.

This overview is comprised of PPM-market mainstream rock facilities that rank in the top 20 (6+) in the March 2019 survey period, which covered February 28 through March 27.

Nielsen Audio only releases audience estimates for facilities that subscribe to its services. Owing to that reason, ratings stats in this exclusive analysis are limited to stations that pay Nielsen Audio for its data.

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