Beasley 2021 Q1 Net Revenue $48.2 Million; Operating Loss Shrinks. First quarter financial data from Beasley Broadcast Group – parent of Beasley Media Group – reveals a decline in net revenue of 17.8%, from $57.7 million in Q1 2020 to $48.2 million in Q1 2021. While station operating income was down, $5.2 million compared to $6.7 million in Q1 2020, Beasley greatly reduced its operating loss from $7.1 million in the first quarter of 2020 to $2.5 million in the first quarter of 2021. Beasley CEO Caroline Beasley says, “Beasley reported 2021 first quarter financial results consistent with the expectations we outlined when we reported the 2020 fourth quarter, as our strong revenue growth in the first two months of the comparable 2020 period, prior to the onset of the pandemic, created a difficult year-over-year comparison. Though we continued to experience challenges related to the COVID-19 pandemic during the first quarter, I am pleased to report that we began to see a strong recovery. As a result, we expect Beasley to return to top-line revenue growth beginning in the second quarter of 2021. During the first quarter, we continued to advance our digital transformation and revenue diversification initiatives across the company. In this regard, Beasley generated digital revenue growth of approximately 10% on a year-over-year basis, with digital accounting for approximately 12% of total first quarter revenue, compared to 9.3% of total revenue in the prior year period. Consumer demand for digital audio content remains strong and with our ongoing emphasis on digital innovation, Beasley continues attracting new business by successfully targeting the sale of non-radio products to non-radio advertisers. With the continued strong growth of our digital business, Beasley will report digital revenue as a separate segment going forward. We believe this milestone represents an important inflection point in the ongoing evolution of our operating model and clearly highlights the value of our revenue diversification strategies.”
Bill O’Reilly’s New Book, Killing the Mob, Published. The latest book from broadcast journalist and talk host Bill O’Reilly (with co-author Martin Dugard) is out as KILLING THE MOB: The Fight Against Organized Crime in America (2021, St. Martin’s) hits booksellers today (5/4). The promo for the book says: “O’Reilly traces the brutal history of 20th century organized crime in the United States, and expertly plumbs the history of this nation’s most notorious serial robbers, conmen, and especially, mob family bosses. Covering the period from the 1930s to the 1980s, O’Reilly traces the prohibition-busting bank robbers of the Depression Era, such as Bonnie & Clyde, Pretty Boy Floyd and Baby-Face Nelson. In addition, the authors highlight the creation of the Mafia Commission, the power struggles within the ‘Five Families,’ and the battles to control Cuba, Las Vegas and Hollywood, as well as the personal war between the U.S. Attorney General Bobby Kennedy and legendary Teamsters boss Jimmy Hoffa.” Bill O’Reilly currently hosts the Key Networks nationally syndicated radio programs “The O’Reilly Update” and “The O’Reilly Update – Morning Edition.”
Townsquare Media Ups Jeff Luckoff to Market President for Michigan. Rising from his Grand Rapids market president role to regional market president and chief revenue officer for Michigan is Jeff Luckoff. In this role, he’ll oversee Townsquare Media’s Michigan local media clusters and will report to SVP Todd Lawley. Lawley says, “In a very short amount of time Jeff has reset the culture, made key hires, and built a foundation that is unlocking the full potential of our market leading online and on-air brands in Grand Rapids. We are now challenging Jeff to unlock the full potential of our statewide footprint which includes Grand Rapids, Battle Creek, Kalamazoo, Lansing and Flint.” Luckoff comments, “We have incredible talent and local brands throughout the state of Michigan. I am fortunate for the opportunity to utilize Townsquare’s footprint to deepen our impact on the community and further deliver better results for our advertisers. I am honored to be leading such an extraordinary team.”
NAB Opens Nominations for 2021 Marconi Awards. The National Association of Broadcasters is now accepting nominations for the 2021 NAB Marconi Radio Awards and will be accepting submissions until May 31. Established in 1989 and named for inventor and Nobel Prize winner Guglielmo Marconi, the prestigious awards recognize overall excellence and performance in radio. Station and on-air personality nominations may be submitted for the 23 awards presented in the following categories: Legendary Station of the Year, Legendary Manager of the Year, Radio Station of the Year by Market Size, Radio Station of the Year by Format, Personality of the Year by Market Size, Network/Syndicated Personality of the Year, and Best Radio Podcast of the Year. Nominations may only be made by NAB members. You can see the rules here. Winners will be recognized during a special event at the Radio Show, held October 13-14, 2021 in Las Vegas, and co-located with NAB Show.
TALKERS News Notes. The American Urban Radio Networks names Ebony McMorris White House news correspondent. She comes to AURN from Reach Media/Urban One where she most recently served as national news correspondent. She comments, “For such a time as this, it is an honor to join the AURN family as their White House correspondent during such a pivotal and monumental point in history. In taking this role I am reminded of Alice Dunnigan, the first African American woman to receive White House credentials, who said, ‘While the role of the Black press is that of objectively reporting the news as it happens, it has another function equally as important – that of fighting oppression.’”…..Audacy’s sports talk KDKA-FM, Pittsburgh “93.7 The Fan” announces that former MLB player Neil Walker will join “The Fan Morning Show” with Colin Dunlap and Chris Mack Monday mornings at 9:00 am, beginning May 10…..iHeartMedia and Malcolm Gladwell and Jacob Weisberg’s Pushkin Industries audio production company unveil a new co-produced iHeartRadio Original Podcast called, “Be Antiracist with Ibram X. Kendi.” The weekly interview program builds on Kendi’s extensive body of antiracist work, challenging listeners to consider what an antiracist society might look like and how individuals and communities can play an active role in building it. Kendi says, “After a year that laid bare the pervasive racial inequity that continues to plague our nation, we must continue the difficult but necessary conversations that will allow us to imagine and erect a truly antiracist society. I look forward to exploring these topics with guests whose work I deeply admire and digging deep with them and with listeners.”…..CNN chief medical correspondent Dr. Sanjay Gupta is launching a new podcast called, “Chasing Life,” in which Gupta guides listeners on how to mindfully approach our new normal, while finding a balance between self-care and productivity. He says, “As we’re entering a new – and more hopeful – phase of this pandemic, now seemed like a worthy point in time to start a new podcast with recovery and reflection in mind. While we may never be able to replicate a pre-2020 world, I hope we can all start moving forward and start chasing life again.” The first episode premiers May 11 via CNN’s apps.
Audacy and Genomind Partner for Mental Health Care Content. Mental health awareness has been a focus of Audacy’s public service efforts for several years and now the company announces a partnership with Genomind to help “bring mental health conversations into the mainstream.” As part of the partnership, Audacy will leverage the deep local connection of 15 stations across eight markets – Baltimore, Dallas, Houston, Los Angeles, New York, Philadelphia, San Diego and Washington D.C. – to promote Genomind’s new Mental Health Map, the first and only consumer DNA test to offer a concise, easy-to-navigate blueprint of your genetic profile and its influence on stress and anxiety, mood, focus and memory, habits and substance use, sleep, social behavior, and eating behavior. Audacy vice president, social impact Sarah Harris says, “Mental health awareness is a major area of focus for us and a crucial pillar of our companywide social impact platform, and we’re excited to further activate our commitment through this partnership with Genomind. We recognize our significant influence and welcome the opportunity to use our voice, coupled with Genomind’s mental health expertise, innovations and technology, to help improve and save lives and continue our shared mission of ending the stigma of talking about mental health.” Genomind will also serve as the sponsor for Audacy’s “I’m Listening Daily Capsules,” 60-second daily public service announcements as part of the company’s yearlong “I’m Listening” mental health initiative. Genomind will also serve as the presenting sponsor of Audacy’s annual “I’m Listening” broadast, a live national program that brings together artists, athletes and medical specialists every September to remind listeners it’s okay to not be okay, raise awareness and end the stigma of talking about mental health.
COVID-19, Giuliani Investigation, Trump’s Facebook Fate, Bill and Melinda Gates to Divorce, Border Crisis, and Severe Southeast Weather Among Top News/Talk Stories Yesterday (5/3). Vaccination rates in the U.S. and the politicization of the “jab,” rising infections among young Americans, and the high death toll in India; Facebook to decide the fate of Donald Trump’s currently suspended account; Microsoft co-founder Bill Gates and wife Melinda Gates to divorce; the crush of migrants at the U.S.-Mexico border and the 6,000-plus illegals captured by ICE in April; and the severe weather hitting the Southeast were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.
Industry Memorial Tribute to the Late Barry Farber Set for May 5. The family of Barry Farber, in association with TALKERS magazine, is presenting an industry memorial tribute to the legendary radio talk show host on May 5 via Zoom. The virtual event will mark the first anniversary of his passing and the 91st anniversary of his birth. Farber, considered by industry observers to be one of the greatest talk radio hosts of all time, as well as one of the genre’s most influential pioneers, passed away on May 6, 2020 – one day after his 90th birthday. The event will consist of a series of personal remembrances delivered by a select panel of family, friends and radio industry colleagues. It will be recorded and available for on-demand viewing as part of a larger display of memories and Farber history being developed for a special commemorative website devoted to the broadcaster. Barry Farber’s on-air career was launched in 1960 and continued all the way to his death in 2020. It included his hosting major shows on such legendary New York outlets as WINS, WOR, and WMCA. He also was syndicated by ABC Radio Networks and Daynet. His final shows were carried by CRN Digital Talk Radio Network. According to The New York Times, at the time of his death he was the longest continually running radio host. Farber was inducted into the Radio Hall of Fame in 2014 and is a past recipient of the TALKERS Lifetime Achievement Award among many other honors. He was the author of three books and a student of 26 languages. The memorial event will take place on Zoom on Wednesday, May 5 between 7:30 pm and 9:00 pm and will be hosted by Michael Harrison. Although all Zoom positions are filled, the event will be available to view via live streaming on YouTube. To view the Memorial event in real time on Wednesday at 7:30 pm ET, please click here.