Entercom Q4 Revenue Down 25.7%; Full Year 2020 Declines 33.6%. The third major radio company to present 2020 fourth quarter and full year financial data is Entercom (Beasley and Cumulus have already posted their financial results and iHeartMedia is scheduled to do the same tomorrow). The company reveals 2020 Q4 net revenue was $319.5 million, down 25.7% from the same period in 2019, and 2020 full-year net revenue was $1.06 billion, a decline of 33.6% from 2019. Entercom notes that since the depths of the pandemic revenue dip in the second quarter of 2020, business is trending up. Its 2020 Q4 revenue was up 19% from Q3. Entercom president and CEO David Field says, “I am pleased to report that Entercom continued to drive strong sequential operating improvement with revenues up 19% and EBITDA more than doubling vs. the third quarter. Digital, podcasting, sports betting and network radio all posted strong double-digit growth over prior year and we are continuing to drive innovation across these businesses to enhance future growth potential. While the pandemic continues to hobble a large number of our advertisers, particularly locally, we are optimistic about a strong recovery in our local ad sales later this year driven by vaccinations, fiscal stimulus and pent-up consumer demand in heavily impacted categories.” Entercom breaks down its revenue by segments and some of the noteworthy data in this report includes that spot (local and national) revenue was down 27.7% from Q4 2019 to Q4 2020; year-over-year spot revenue was down 42.9%. On the positive side, digital revenue (including podcasting) rose 20.5% from Q4 2019 to Q4 2020 and was up 26% year-over-year. Looking at radio revenue by format, while Entercom’s music formats took the biggest hit in 2020 – revenue was down 44% — sports talk revenue declined by 39.3% and news/talk was off by 21.7% during the year.
Round One of Nielsen Audio’s January 2021 PPM Data Released. The first of four rounds of PPM ratings data from Nielsen Audio’s January 2021 survey has been released for 12 markets including: New York, Los Angeles, Chicago, San Francisco, Dallas, Houston, Atlanta, Philadelphia, Nassau-Suffolk (Long Island), Riverside-San Bernardino-Ontario, San Jose, and Middlesex-Somerset-Union (New Jersey). Nielsen’s January 2021 survey covered January 7 – February 3. TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways from this round. In New York, Entercom’s all-news stations both saw their weekly, 6+ AQH shares increase – WINS added four-tenths to finish with a 4.0 share and the #8 rank and WCBS-AM added two-tenths for a 2.9 share and the #12 rank. iHeartMedia’s news/talk KFI, Los Angeles tacked on three-tenths for a 5.0 share and remains ranked #3. In Chicago, Entercom’s all-news WBBM-AM/WCFS-FM added half a share to re-claim the #1 rank with a 7.3 share. Across town, Nexstar Media’s news/talk WGN-AM added four-tenths for a 4.1 share and the #7 rank. See Mike Kinosian’s complete report here
Talk Programmer Bob Shomper to Retire in April. Longtime news/talk programmer Bob Shomper announces he’ll retire from the radio business on April 2. Shomper is currently program director at NRG Media’s KLIN, Lincoln, Nebraska. During his career he’s served at some of America’s great news/talk stations, including: WCCO-AM, Minneapolis; KTAR-FM, Phoenix; WLS-AM, Chicago; WGN-AM, Chicago; WBAP-AM, Fort Worth/Dallas; and more. Shomper tells TALKERS magazine that his decision to retire is entirely his own and he’s grateful to be doing so on his own terms.
Robbie Stevens Posts Powerful Commentary to TalkersRadio About Honoring Truth in Media Discussions About Politics. Noted record producer Robbie Stevens, one of TalkersRadio’s roster of “out-of-the-box” talk talents has posted a powerful new commentary yesterday (2/23) titled, “My Mistake(s),” that takes a candid look at a problem radio talk show hosts wrestle with all the time – staying true to core principles, maintaining a healthy sense of skepticism, and being honest about mistakes when making them. Stevens, who was the first talent signed for TalkersRadio – a service of TALKERS magazine – when it launched in the fall of 2013, has agreed to perform as a commentator on the platform for a “limited engagement” that will run through June of 2021. The Bronx-based New York City native is well-known in the music industry for his years of innovative studio work with a wide variety of high-profile artists, most recently on behalf of the estate and fans of the late John Lennon, for which he has achieved critical acclaim for his “raw” remix of the legendary artist’s Imagine album. He also most recently executive produced 13 Billboard #1 Dance Chart singles in a row, for Yoko Ono’s innovative ensemble Ono. He also recently produced (with Yoko Ono) the “John Lennon Anthology,” a four-CD set of unreleased material that was Rolling Stone magazine’s boxed set of the year. During his colorful career, he’s played on, mixed, or produced records by Herbie Hancock, Red Hot Chili Peppers, and other high-profile musicians going back decades. During this time, Stevens has developed an alternative career as a talk radio host and commentator heard occasionally via on-air and online outlets provided by heritage NYC stations WOR and WNYM (in addition to TalkersRadio). Commenting on Stevens’ latest posting, TALKERS general manager of broadcast operations (and former WOR PD) David Bernstein says, “Robbie is raw, fresh, and as real as the urban streets that gave rise to his gritty philosophy and we always get strong response to his work on our exciting platform. This new installment of his show is a grand slam home run because it strikes at the very core of our deepest personal conflicts in arriving at and sticking with our truths as talk radio hosts operating in a swirling ocean of changing information.” To listen to Robbie Stevens’ new series of commentaries on TalkersRadio, please click here. TalkersRadio is an “experimental” talk radio platform launched in 2013 to provide the industry with a “workout space” and “showcase for new talk programming concepts.” Since its launch it has been a temporary home to a number of spoken-word talents – both high-profile and obscure – who’ve used it to work and showcase concepts that have gone on to achieve terrestrial radio exposure and even national syndication. In addition to Stevens, current TalkersRadio hosts include Claire Carter, Meg McDonald, and UK sensation, Graham Mack. At the time of his passing, Alan Colmes was working on a series concept called “Healed Planet” heard on TalkersRadio which offered a glimpse into the late FOX News Radio and FOX News Channel star’s metaphysical interests. Files of that fledgling show remain archived on TalkersRadio as a tribute to Colmes. For more information about TalkersRadio, call Barbara Kurland at 413-565-5413.
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TALKERS News Notes. A new channel from Newsmax TV officially launches on VIZIO SmartCast, the award-winning Smart TV platform available to millions of viewers. Newsmax Media CEO Christopher Ruddy states, “Launching on VIZIO SmartCast allows our viewers to simply plug in their new televisions and play Newsmax TV. Newsmax is experiencing exponential growth and provides a much-needed perspective on the issues that many VIZIO viewers care about.”…..A new partnership between iHeartMedia and independent UK podcast company Novel will result in the debut of 11 original podcast series over the next three years. The relationship begins with the release of two podcast series, “The Assault on America” and “Deliver Us From Ervil.” “The Assault on America” tells the inside story of the insurrection at the Capitol by working with open-source investigative journalists Bellingcat. “Deliver Us From Ervil” is an investigative true-crime series in which a groundbreaking team of journalists enters a lawless town on the border of Mexico run by a secretive religious sect living in exile and outside the jurisdiction of the U.S. government since 1924…..Content creation company Mean Ole Lion Media adds three new lifestyle-based podcasts to its portfolio. The podcasts are: “Conversations with Dr. Ian Smith,” all about people and discovering their back-story; “Business First with Sonia Alleyne,” that shines a light on brilliant and successful business people in a variety of industries; and “The History of Being Black” with host Eunice Elliott.
COVID-19 Stats & Vaccines, Capitol Riot Public Testimony, Biden Cabinet Nominees, Biden Migrant Policy, Trump Tax Returns, Rochester Protests, Russian Sanctions, China’s Hong Kong Loyalty Oath, and Tiger Woods Car Crash Among Top News/Talk Stories Yesterday (2/23). The falling number of COVID-19 cases in the U.S., the concerns about variants, and the rollout of vaccines; the testimony before the U.S. Senate about the January 6 Capitol insurrection; the confirmation hearings for Joe Biden’s Attorney General nominee Merrick Garland, embattled White House budget office nominee Neera Tanden, and Interior Secretary nominee Deb Haaland; the Biden administration’s continued use of Trump policy turning away migrants at the Mexican border; the SCOTUS’ ruling Donald Trump must turn his tax data over to New York AG Cyrus Vance Jr.; the protests in Rochester, New York over the decision not to prosecute police in the death of Daniel Prude; the Biden Administration’s sanctions on Russia for the SolarWinds hack and the Navalny poisoning; China’s instituting loyalty oaths for Hong Kong politicians; and Tiger Woods is hurt in one-car accident in California were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.