Industry News

Yesterday’s (4/10) Top News/Talk Media Stories

The presidential race; inflation ticks up, the stocks selloff and the Fed’s stance on interest rates; former President Donald Trump’s legal battles; the Arizona abortion law; President Joe Biden’s Pacific leaders summit; the Israel-Hamas war and U.S.-Israel relations; the GOP battle over FISA reform; the White House plan to close “gun show loopholes”; and the severe weather affecting the Southeastern U.S. were some of the most-talked-about stories in news/talk media yesterday, according to ongoing research from TALKERS magazine.

Industry News TALKERS 2024

Heavyweight Revenue Session Set for TALKERS 2024: Radio and Beyond

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 As its amazing agenda begins to take shape, a stellar panel of industry luminaries has been set for TALKERS 2024: Radio and Beyond coming up at Hofstra University on Long Island Friday, June 7.  “Generating Revenue for Talk Radio” will feature (in alphabetical order) Vince Benedetto, CEO, Bold Gold Media Group; John Caraciollo, president/CEO, JVC Broadcasting; Kathy Carr, president, Howie Carr Radio Network; Ron Hartenbaum, managing member, Crossover Media Group; and Julie Talbott, president, Premiere Networks. The session, moderated by Steve Lapa, president, Lapcom Communications Corp. will explore the financial state and future of talk radio as well as radio in general from a number of perspectives encompassing advertising sales, special events, ratings, and digital vehicles including podcasting, websites, and non-traditional revenue. To register for the event or receive sponsorship information call Barbara Kurland at 413-565-5413 or email info@talkers.com.

Industry News

Formal Campaign Finance Complaint Filed Over Ted Cruz Podcast

Two organizations – End Citizens United and the Campaign Legal Center – have filed a formal campaign finance complaint with the Federal Elections Commission alleging that U.S. Senator Ted Cruz (R-TX) may have improperly directed iHeartMedia to contribute $630,000 to the Truth and Courage PAC, whoseim purpose is to ensure Cruz’s reelection. The amount donated would exceed the $5,000 ceiling on solicitation of funds for a super PAC. The Texas Tribune reports that the terms of iHeartMedia’s payments are unclear because the company’s agreement with Cruz for distributing his podcast is not public, hence the complaint seeking an investigation. However, the complaint asserts “the payments were improperly reported as ‘other receipts’ rather than campaign contributions. ‘Other receipts’ is generally reserved for interest or income on assets already owned by a PAC.” The complaint continues, “By soliciting or directing $630,850.08 of iHeartMedia’s corporate funds to or on behalf of TCP in connection with his 2024 election, Cruz appears to have brazenly violated these federal campaign finance laws.” See the Texas Tribune story here.

Industry News

Urban One Extends President and CEO Alfred Liggins III

Urban One, Inc announces that it has entered into an employment agreement with Alfred C. Liggins, III,im president and CEO, “consistent with the terms approved by the company’s Compensation Committee and previously disclosed on a Current Report on Form 8-K filed October 3, 2022. The terms of the new employment agreements are effective as of January 1, 2022.” This contract – which runs through December of this year with automatic one-year renewals – provides Liggins with a base annual salary of $1.25 million. It also includes incentive compensation of up to 175% of base compensation.

Industry News

Sheila Kirby Named President-Elect of MIW

Mentoring and Inspiring Women in Radio, Inc announces Sheila Kirby as its president-elect. Her term will begin January 1, 2025. She most recently served as SVP, sales acceleration for Audacy. Prior to her role at Audacy, Kirby held key executive positions, including SVP of talent development at Tribune Salesim Solutions and president of Strategic Sales Development at Interep. In her role as president-elect, she will continue to champion the mission of MIW, supporting and empowering women across all facets of the radio industry. She states, “I am deeply honored to serve as president of Mentoring and Inspiring Women. Nothing is more meaningful to me than helping women advance in their careers, especially at a time when women in various industries are finally having a well-deserved surge of recognition.” She will succeed current president Ruth Presslaff, who says, “Working with our extraordinary board to become a 501 (c)(3) and create new mentorships for programming, engineering, on-air and our Speak Up program, as well as multiple state association partnerships has been immensely rewarding. I know under Sheila’s incredible leadership, MIW will continue to soar and serve.”

Industry News

Yesterday’s (4/10) Top News/Talk Media Stories

The Arizona Supreme Court abortion ruling; the presidential race; the Israel-Hamas war and U.S. Israel relations; former President Donald Trump’s legal battles; President Joe Biden’s student debt reduction plan; James and Jennifer Cumbley are sentenced to 10-15 years in prison; the Russia-Ukraine war; Ashley Biden diary thief sentenced; and the U.S. Senate’s impeachment trial of Homeland Security Secretary Alejandro Mayorkas is moved to next week were some of the most-talked-about stories in news/talk media yesterday, according to ongoing research from TALKERS magazine.

Industry News TALKERS 2024

“Brave New World” Panel Set for TALKERS 2024: Radio and Beyond

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A panel presenting an array of some of the broadcasting industry’s leading experts on forward-edge issues has been set for TALKERS 2024: Radio and Beyond at Hofstra University on Friday, June 7. Titled, “Brave New World,” the session will explore the ever-evolving landscape of radio and talk media, as well as the broadcasting arts in general from the perspective of the media consuming habits of the younger generation and the massive technological/cultural changes at hand. Topics will include navigating and strategizing YouTube, social media, podcasting, intellectual property, talent rights and the extraordinary impact of artificial intelligence. Speakers will include (in alphabetical order): Scot Bertram, GM, WRFH/Radio Free Hillsdale 101.7 FM, Hillsdale College; Heather Cohen, president, The Weiss Agency; Steven Goldstein, CEO, Amplifi Media; Matthew B. Harrison, Esq., associate publisher, TALKERS/senior partner, Harrison Media Law; and John T. Mullen, GM, WRHU-FM/WRHU.org, Hofstra University. The panel will be moderated by WPG, Atlantic City legendary morning host, Harry Hurley. TALKERS VP/executive editor Kevin Casey states, “This session will be spectacularly informational and a must-attend experience for anyone in the business looking to protect their interests and keep up with the dizzying turbulence we are all negotiating going forward. Fasten your seatbelts!” For more information about TALKERS 2024: Radio and Beyond, scroll down to see more stories below.

Industry News TALKERS 2024

“Big Picture” Super Panel Set for TALKERS 2024: Radio and Beyond

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One of the long-running traditional highlights of the annual TALKERS conference is “The Big Picture” panel moderated by Michael Harrison. This year’s line-up includes a cross-section of the radio industry’s most influential thinkers and players. They include (in alphabetical order): Dave Gorab, VP/GM, talk programming, SiriusXM Satellite Radio; Kraig Kitchin, CEO, Sound Mind, LLC; Chad Lopez, president, WABC, New York/Red Apple Audio Network; Chris Oliviero, president, Audacy New York; Deborah Parenti, publisher, Radio Ink/RBR+TVBR/Podcast Business Journal; and Tavis Smiley, host/CEO, KBLA Talk 1580, Los Angeles/Smiley AudioMedia. The purpose of the fast-paced session is to cast a wide net covering a variety of the hottest issues facing talk media practitioners with a focus on the future. TALKERS 2024: Radio and Beyond will take place on Friday, June 7 at Hofstra University on Long Island.  For more info, scroll down to the story below.

Industry News TALKERS 2024

TALKERS 2024 to Feature “The Great Debate”

Attendees of the 27th annual gathering of the talk media industry’s longest running and most importantim annual gathering – TALKERS 2024: Radio and Beyond – are in for a presidential election year treat as a pair of leading conservative and progressive radio talk show hosts will face off in what promises to be “The Great Debate.” The imparticipants in this exhibition between verbal heavyweights will be WYD Media progressive star Thom Hartmann and Salem Radio Network conservative giant Mike Gallagher. The half hour verbal exchange of ideologies on the hottest topics of these passionate times will be moderated by the legendary broadcast journalist Lee Harris, who spent years in the morning drive anchor chair at all news 1010 WINS, New York and now serves as the director ofim integrated operations for NewsNation and WGN, Chicago. TALKERS VP/executive editor Kevin Casey states, “With the most consequential presidential race of the modern era just a handful of months away, this will be a timely display of the best airing out of the issues our industry can offer considering the skills and respect these outstanding practitioners of the news/talk radio arts bring to the table.” For more information about TALKERS 2024: Radio and Beyond, see story below.

Industry News

TALKERS to Publish the 2024 Heavy Hundred Tomorrow (4/10)

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TALKERS magazine will publish the 2024 edition of its long-running feature the 100 Most Important Radio Talk Show Hosts in America, also known as the Heavy Hundred, tomorrow (4/10) at 12:00 noon ET. Talk hosts making this prestigious list are nominated and voted on by the TALKERS magazine editorial board based on hard and soft factors including (in alphabetical order): courage, effort, impact, longevity, potential, ratings, recognition, revenue, service, talent, and uniqueness. TALKERS editors acknowledge that compiling this annual list is as much art as science and that results are arguable. TALKERS magazine VP/executive editor Kevin Casey says, “Putting together this list of the 100 Most Important Radio Talk Show Hosts in America never gets any easier. The number of hard-working talk radio hosts across the country make winnowing this down to merely 100 a painstaking task. That said, the editorial board believes this year’s Heavy Hundred truly reveals a snapshot of the makeup of the American talk radio industry in 2024. We’re excited to publish this year’s list on Wednesday.”

Industry News

WWO: Nielsen Shows AM/FM Radio Improves Ad Campaign Reach

This week’s Cumulus Media | Westwood One Audio Active Group blog looks at a Nielsen analysis of the reach of media plans – specifically those that are rooted heavily in Linear TV with the addition of CTV (connected TV) and digital in the mix. No matter how much CTV and digital spend was added in place of dollars taken from Linear TV, reach did not increase. The blog post says, “Regardless of the size of yourim media budget, adding AM/FM radio to a digital/TV plan sharply builds reach. Via Nielsen Commspoint, the media allocation planning tool, a wide range of monthly digital/TV media plans were examined. Very small, light, medium, and heavy campaigns were examined. The lightest digital/TV campaign reached 10% of the market. The heaviest reached 60%. Then a 20% allocation of AM/FM radio was introduced. The results were stunning. Across the seven monthly campaigns, from the lightest to the heaviest, the addition of AM/FM radio generated significant lifts in reach. Shifting 20% of the lightest TV/digital campaign to AM/FM radio caused reach to double. Introducing the 20% allocation of AM/FM radio to medium-sized campaigns causes reach to soar by 36% to 55%. Even the heaviest TV and digital campaign saw reach grow 20% with the addition of AM/FM radio to the plan.” Read the full blog post here.

Industry News

Talk Show Host David Gornoski Enters the “Squared Circle”

Writer, columnist, radio talk show host and podcaster David Gornoski recently made his debut in the professional wrestling industry at the WWE Hall of Famer Dory Funk Jr’s iconic conservatory. Gornoski, known to his listeners for his iconoclastic approach to current political, social, and pop cultural issues as well as being a student of media theory, tells TALKERS that the field of professional wrestling resonates withim the “show biz” side of his outgoing personality and large physical stature. Booked in a “Battle Royal” elimination match, “Handsome” David Gornoski snatched victory in the bout. Afterwards, Gornoski proceeded to announce his intentions to be a wrestling manager looking for the right client and serenaded the crowd with a rendition of Britney Spears’ “Oops I Did It Again.” Gornoski started his broadcasting career at iHeartRadio’s WFLA, Orlando and later, WHBO, Tampa before moving to podcasting. While he covers current events and culture, Gornoski has recently interviewed wrestling icons like Glenn “Kane” Jacobs, Mayor of Knox County, TN and fitness guru Diamond Dallas Page. Gornoski says he hopes to bridge the gap between the media world and the world of wrestling in a completely new way. He points to successful radio host and physician Doctor Asa (Asa Andrew, M.D.) whom he met at the TALKERS 2023 conference and is working with TNA Wrestling promotions as both a wrestler and ringside physician on Impact Wrestling as being a significant inspiration in his choice of this new path. Watch a video of Gornoski’s performance here.

Industry News

Townsquare Purchases Management Options

Townsquare Media announces that it has bought and retired 3 million options held by certain members of the management team and board of directors for a net purchase price of $3.62 per option. The purchase price reflects the spread between the closing price on April 3, 2024, of $12.36 and the option strike price of $8.74. The options, all of which were set to expire in July 2024, were granted to members of management and the board at the company’s initial public offering in July 2014. This transactionim follows last week’s repurchase of 1.5 million shares from MSG at $9.76 per share, the June 2023 repurchase of 1.5 million shares from MSG at $9.70 per share, and the March 2021 repurchase of 12.6 million shares and warrants from Oaktree Capital Management, L.P. at $6.40 per share. Like last week’s 1.5 million share repurchase from MSG, the purchase price of $10.8 million will be funded entirely with cash on hand. Townsquare CEO Bill Wilson comments, “We are very pleased to share that we were able to buy the IPO options at a net purchase price of $3.62 per option, eliminating the overhang and the shareholder dilution that would have occurred had these in-the-money options been exercised in the open market before they expired this July. The members of management and the board that were involved in this transaction have been with Townsquare for over a decade, demonstrating that our longterm incentive plan was, and continues to be, effective in retaining top talent. In total, our management team owns approximately 11% of shares outstanding today and are well aligned with the company’s investors to build shareholder value.”

Industry News

WJR, Detroit Named MAB Station of the Year

Cumulus Media news/talk WJR-AM, Detroit is named Market One Commercial Radio Station of the Year by the Michigan Association of Broadcasters. The station was additionally honored with a total of 10 MAB Broadcast Excellence “Best” Awards, including Best Regularly Scheduled Broadcast Personality or Team, for 760 WJR’s “JR Afternoons with Chris Renwick” and another recognizing the station’s effortsim in community involvement, along with multiple merit awards. The annual MAB Broadcast Excellence Awards gala was held on Saturday, April 6 at the Sound Board inside MotorCity Casino Hotel in Detroit. WJR program director Ann Thomas states, “Thank you to everyone associated with the Michigan Association of Broadcasters for this tremendous honor. As you can imagine… because WJR is more than a hundred years old, the archives in the Golden Tower of the Fisher Building are amazing. While doing some spring cleaning the other day, I came across boxes of awards and plaques from non-profit organizations applauding our work and ‘thank you’ notes from community leaders and listeners. It reminded me that all of us here in this room stand on the shoulders of the broadcasting greats who came before us. They set the bar for excellence, and I am grateful that in 2024, the talent, producers, engineers, production, digital, and sales teams at WJR are still working to be the best in the business.”

Industry News

AWM Announces NAB Show Speaker Panel

The Alliance for Women in Media is presenting a panel discussion on “The Business of Multiplatform Sports” at the AWM Breakfast on April 15 during the NAB Show. Panelists Jeanne-Marie Condo, president of network partnerships and chief revenue officer, Skyview Networks; Pat LaPlatney, co-imCEO/president, Gray Television; Mary Menna, vice president & market manager, Beasley Media Group; and Carlson Mozdiez, vice president, digital business operations, Audacy; alongside moderator Sarah Foss, chief technology officer, Audacy, will engage in a candid conversation exploring the evolving landscape of sports business and the significant role women play in shaping its future. The panel will dive deep into the emergence of multiplatform sports coverage and how it has reshaped the business landscape of the sports industry, and how media professionals have leveraged multiplatform sports to enhance audience engagement and reach a diverse set of viewers.

Industry News

Yesterday’s (4/8) Top News/Talk Media Stories

Former President Donald Trump’s legal battles; the presidential race; Trump’s abortion views divide MAGA; Monday’s solar eclipse; President Joe Biden’s student debt reduction plan; the Israel-Hamas war and U.S.-Israel relations; the Fed’s Janet Yellen visits China; the mercurial valuation of Truth Social; the U.S. Senate’s impeachment trial of Homeland Security Secretary Alejandro Mayorkas; and the NCAA Men’s and Women’s basketball championships were some of the most-talked-about stories in news/talk media yesterday, according to ongoing research from TALKERS magazine.

Industry Views

Monday Memo: The Irresistible Offer

By Holland Cooke
Consultant

imHaving written thousands of commercials and promos, I’ve become a copy connoisseur. And, admittedly, a tough grader when it comes to delivery. Sell me and you’re good.

So, all four flight attendants caught my ear as I flew to/from a radio conference in Hawaii. The pitch came toward the end of 10+ hours each way nonstop Boston/Honolulu; and aboard the quick hops to/from Kauai.

They sounded neither sing-songy, as though they were reading; nor falsely enthusiastic. That alone impressed me. Thirty years ago, I scripted such announcements – and coached flight attendants – when I programmed 3 live USA Today Sky Radio channels aboard Delta, United, and Northwest Airlines. Back to the future…

They were hawking the Hawaiian Airlines Mastercard, which, already having a wallet full of plastic, I didn’t need. Each dollar spent earns a Hawaiian Mile (double miles for restaurant purchases), which would be tempting if I wanted to visit again. But I wasn’t sold… yet. I had been to Hawaii once before, on vacation, and only went this second time for business. Travelogue here recently explains that we East Coasters have quicker paths to paradise.

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Typically, these affinity cards come with a signing bonus. Another one I have awarded 20,000 points if I used it to make at least $1,000 in purchases within the first 90 days. So, I smiled when these flight attendants emphasized that – using the promo code on applications they were handing out – I could quickly earn 80,000 miles, a bonus “you won’t see if you sign-up online.”

And as an announcement aficionado, I noted how all four recited this line verbatim: Unlike other cards that ask $1,000 or more purchases to qualify, “Just buy a cup of coffee or a pack of gum, and you’ve got 80,000 Hawaiian Miles.”

And they explained that 80K was enough for a free round trip from Boston or New York to Honolulu, or TWO round trips from a West Coast airport… DARN tempting… if I ever want to go back to Hawaii. Still not sold.

The clincher? I can also use those miles on JetBlue, which services my home airport, Providence, and flies to the Bahamas. SOLD. And my first purchase was indeed for a cup of coffee, and I did get the 80,000 miles. So, this is my restaurant card now.

Every time I’ve told this story in a client station sales meeting, at least one rep says, “Spell that all out again?” and starts writing. Successful sellers anticipate and address objections as well as that inflight announcement. Ditto commercial copy you craft for local retailers. Welcome aboard.

Holland Cooke (HollandCooke.com) is a consultant working at the intersection of broadcasting and the Internet. He is the author of The Local Radio Advantage: Your 4-Week Tune-In Tune-Up,” and “Close Like Crazy: Local Direct Leads, Pitches & Specs That Earned the Benjamins” and “Confidential: Negotiation Checklist for Weekend Talk Radio.” Follow HC on Twitter @HollandCooke and connect on LinkedIn

Industry Views

Pending Business: Personal

By Steve Lapa
Lapcom Communications Corp
President

imThe work-life balance concept is up for a new spin. Let us start in California.

A recent article in the LA Times discussed the California “right-to-disconnect” bill, “guaranteeing workers the right to ignore after-hours call, emails and texts from employers.” It is not a law yet, but if Assemblyman Matt Haney has his way, the workday could be redefined, again.

We have moved from being overworked and underpaid to the covid-driven culture of work from home and working remotely. Dress codes took on a new meaning as we Zoomed and Teamed our way through meetings, calls, and brainstorming sessions.

As the total remote work concept is being revisited by many media companies we have moved towards a hybrid of the number of in-office days vs. total remote days. Many ad agencies and rep firms are getting increasingly comfortable leaning into mainly remote work as commercial office space vacancies hit all-time highs in many cities.

With the warp speed advances of communication in the digital world, we now have the 24/7/365 always-on mindset. Some companies hire sales and customer service reps in all time zones to align unique sales and marketing with a heightened level of customer expectations.

How disappointed do you get when you hear, “our normal business hours are_____, please call back.” Are you kidding me with “normal?” One contract required my own company, considered a small business, to maintain production teams on both the East and West Coasts to adhere to final edits and posting deadlines.

The new world truly is business unusual. The “right-to-disconnect” does have a key place in the blurred workplace. The question is how to manage such a unique concept as not answering the phone when caller ID says, “Boss.”

Let us complicate the picture with my favorite growing trend, “The 4-day Work Week.” If you are in sales or marketing, you could be drooling at the opportunity this will create. No, not more time AT the beach or golf course for you the seller. I am thinking about the new opportunities to talk to the marketing director of the resort, golf course, family get-away or any other leisure activity that could make that long weekend a permanent lifestyle fixture. Some phenomenally successful businesspeople have already placed their bets. As we redefine the work-life balance, new categories will open right in front of you. Stay focused. Pickleball, anyone?

Steve Lapa is the president of Lapcom Communications Corp. based in Palm Beach Gardens, FL. Lapcom is a media sales, marketing, and development consultancy. Contact Steve Lapa via email at: Steve@Lapcomventures.com.