Entercom Reports First Quarter Net Revenue Down 4%. On revenue of $297 million, Entercom reports a drop of 4% for the first quarter of 2020 compared to Q1 2019 in which net revenue was $309 million. Digital revenue was up 41% year-over-year for the quarter, “propelled by strong audience and revenue growth in podcasting and digital audio advertising.” Adjusted EBITDA for the quarter was $34.5 million, down 19% compared to $42.7 million in the first quarter of 2019. Whereas Entercom reported a net gain of $3.1 million in the first quarter of 2019, it is reporting a net loss of $9.1 million for Q1 2020. Entercom president and CEO David Field says, “I want to salute the outstanding work and dedication of the Entercom team, which has risen to the unique challenges of these unprecedented times to serve the American public, our customers and our communities. Entercom began the year on a strong note driving revenues up over 7% through February before facing the impact of the COVID-19 pandemic. We have taken important actions to mitigate the impact of the pandemic and are well positioned financially to operate effectively through the crisis. Strategically, we are well positioned to fully participate in the recovery and the attractive growth opportunities in the audio space, with strong leadership positions in broadcast radio and podcasting, the fastest growing digital audio platform, unparalleled leadership in news and sports, and strong data and analytics capabilities.”
Round Three of April PPMs Released. The third of four rounds of ratings data from Nielsen Audio’s April 2020 PPM survey has been released for 12 markets including: Portland, Charlotte, San Antonio, Sacramento, Pittsburgh, Salt Lake City, Las Vegas, Orlando, Cincinnati, Cleveland, Kansas City, and Columbus. Nielsen’s April 2020 survey period covered March 26 – April 22. You can see all the weekly, 6+ AQH share numbers from subscribing stations here. TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways from this batch of markets and notes some of the following moves of significance: In Portland, Alpha Media’s news/talk KXL-FM tacks on three-tenths to finish with a 7 share and moves up to the #2 rank in the market; Entercom’s news/talk WBT-AM/FM, Charlotte adds another 1.4 shares to its March total for a 7.1 share and a rise to the #3 rank; iHeartMedia’s news/talk WOAI-AM, San Antonio busts out with a 2.1 share increase, climbing to a 7.9 share and the #2 rank; In Sacramento, iHeartMedia’s news/talk KFBK continues its climb adding 1.3 shares to finish #1 for the fourth straight survey with an 11.6 share; Bonneville’s KSL-AM/FM, Salt Lake City rockets up 2.8 shares into first place with an 8.8 share; and iHeartMedia’s WLW, Cincinnati also rises 2.8 shares to repeat at #1 with a 12.9 share. See all of Mike Kinosian’s Ratings Takeaways here.
Rod Blagojevich to Host WLS-AM-Produced Podcast. Titled, “The Lightning Rod,” former Illinois Governor Rod Blagojevich begins hosting the weekly podcast for Cumulus Media’s WLS-AM, Chicago. Blagojevich was sentenced to prison after the feds recorded phone conversations of him trying to “sell” Barack Obama’s U.S. Senate seat – a charge he denies to this day. President Trump commuted his sentence after serving almost eight years in a Colorado federal prison. The new podcast launches on May 20. Cumulus Chicago vice president and market manager Marv Nyren says, “Blagojevich is a polarizing political figure who served his time and now he’s serving up the truth, only on WLS-AM. It will be messy; it will be raw, and it will be Rod as you have never heard him before.” Blagojevich comments, “After a long exile, I made it home. It’s a brand-new day. I’m finally free and fired up to speak my mind, provide insights from the inside, and share what I’ve learned from the school of hard knocks.”
Michelle Franzen Named Midday Anchor at ABC News Radio. Rising from correspondent at ABC News Radio is news pro Michelle Franzen, who is named midday news anchor, joining Cheri Preston, Daria Albinger, and Rich Cantu in the weekday lineup. ABC Audio director of news programming Scott Goldberg says in a memo to staffers, “Michelle is a trusted journalist with top-notch storytelling skills. Just yesterday she, along with a stellar producing team, won a Gracie Award for their heartwarming story on NICU cuddlers, volunteers who spend time swaddling and hugging newborns when parents or nurses aren’t around. Michelle began her ABC News career in 2014, reporting for all platforms, and joined our ABC Audio family in 2015 as a correspondent. Since then she’s been instrumental in our coverage of so many major stories, including the 2016 presidential election, the tragic mass shooting in El Paso and the impeachment of President Trump. Last year Michelle’s story on organizations working to feed the hungry during the holiday season was featured in our special ‘America’s Bounty.’ She’s currently back in touch with one of those organizations, reporting its shift in efforts to fill the need during the pandemic.”
Radio Hall of Fame Opens Nomination Process. The Museum of Broadcast Communications announces that the Radio Hall of Fame Nominating Committee is now accepting suggestions for 2020 nominees and will continue to accept them until May 29. Inductees will be honored at the annual Radio Hall of Fame induction ceremony, which is returning to Chicago in late October 2020. The exact date of the gala will be announced shortly. Suggestions for Radio Hall of Fame nominees can be made in the following categories: Longstanding Local/Regional (20 years or more), Active Local/Regional (10 years or more), Networks/Syndication (10 years or more), Longstanding Network/Syndication (20 years or more), Music Format On-Air Personality, and/or Spoken Word On-Air Personality. Radio Hall of Fame chairman Kraig T. Kitchin says, “The annual Hall of Fame ceremony is a traditionally heartfelt event that evokes emotion from inductees and attendees. These talented radio broadcast individuals are honored for accomplishments that most only dream of. Being the 100th anniversary of radio makes this year’s celebration even more special.” The Radio Hall of Fame says that 100th anniversary of the radio industry will be part of this year’s celebration and notes that KDKA, Pittsburgh is often cited as the first commercial radio station in the United States for broadcasting the 1920 presidential election returns. The first national radio network was NBC in 1926, followed by CBS in 1927. ABC became a spin-off of one of NBC’s networks in the 1940s. You can make a nomination suggestion by visiting www.radiohalloffame.com and clicking on the NOMINATE tab.
Raiders Continue Relationship with Compass Media Networks. The Las Vegas Raiders sign a multi-year extension with Compass Media Networks in which the company will continue to produce and broadcast all Raiders’ play-by-play-audio for distribution on terrestrial radio, Raiders.com, SiriusXM, TuneIn, and Verizon Mobile. Raiders president Marc Badain states, “The Raiders are thrilled to continue our decade-long partnership with Compass Media Networks. We look forward to Brent Musburger and Lincoln Kennedy bringing all the action to a passionate audience of Raiders fans nationwide on game day.” Compass says that in this coming season, it will offer expanded pre-game and post-game coverage – in addition to all of the play-by-play action.
Statistics and Projections, Re-Opening Controversy, Financial Markets/The Economy, Bright Testimony, Michael Flynn Case, Presidential Election, GOP Special Election Victories, Burr Investigation, and Sports Leagues’ Plans Among Top News/Talk Stories Yesterday (5/13). The number of confirmed COVID-19 cases in the U.S., the death toll, and projections for future infections; the controversy over re-openings in various states; the financial markets react to coronavirus news and Fed chair Jerome Powell’s warning about the effect on the U.S. economy; Dr. Rick Bright’s Thursday testimony before a House panel; Judge Emmet Sullivan’s oversight of the case of former Trump national security adviser Michael Flynn; the November presidential election and the allegation of sexual assault against Joe Biden; the GOP wins seats in California and Wisconsin in special elections; the investigation into Senator Richard Burr’s sale of stocks; and the various sports leagues’ plans to play games were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.
WHP, Harrisburg PM Drive Host Ken Matthews Is This Week’s Guest on Harrison Podcast. The afternoon drive host on iHeartMedia’s heritage station WHP, Harrisburg, PA, Ken Matthews, is this week’s guest on the award-winning PodcastOne series “The Michael Harrison Interview.” Matthews, a staunch conservative in the capital of a key battleground state, is also on the select roster of fill-in hosts who sit in for Rush Limbaugh. A member of the TALKERS Heavy Hundred, Matthews describes himself as having a passion for people, politics, pop culture, pistols, pianos, and alliteration. He’s a 35-year veteran of radio whose career has been marked by tremendous ups, downs and ups again. Harrison and his guest candidly discuss the politics of COVID-19, the presidential race, and the years Matthews has spent in the trenches of both music and talk radio. It is a fascinating overview of the times in which we live and the “real world” life of one of the industry’s hardest-working professionals. Don’t miss it! To listen to the podcast in its entirety, please click here or click on the player box marked “The Michael Harrison Interview” located in the right-hand column on every page of Talkers.com.
Music Radio News and Career Moves. Rock programming pro James Kurdziel is named program director for Cumulus Media’s classic rock KQRS, Minneapolis, taking over for Scott Jameson. Kurdziel serves as regional VP of programming-rock – a position he’ll continue to hold – and PD/midday personality for the company’s alternative WEDG-FM, Buffalo. He’ll continue in that role until a successor is named. He says, “This is a once-in-a-lifetime opportunity and I’m beyond grateful. Being at the helm of KQRS and working with Tom Barnard and the talented staff there is humbling and I am thrilled.”…..Cumulus Media’s hot AC WNTR “107.9 The Mix” drops the Christmas music it’s been playing for the past month and re-positions as “107.9 The Mix from the ‘80s to Now!” It also unveils a new jock lineup that includes Nikki Reed in afternoon drive…..According to a report by Chicago media writer Robert Feder, a talent shuffle takes place at Hubbard Radio’s hot AC WTMX. Both producer Cynthia DeNicolo and social media manager Melissa Dever exited recently as part of the company’s COVID-19-related cuts. Now, traffic reporter Violeta Podrumedic begins handling social media duties for the morning show as morning personality Melissa McGurren adds traffic duties.