Tag: "Access to Capital Working Group"
Monday Memo: Listeners’ Mindset, Advertisers’ Message. Notwithstanding the president’s hope that “pandemic fatigue” will buoy his message that “we’ve turned the corner,” survey data presented at the NAB/New York virtual convention – now underway and available on-demand – describes how Americans really feel, and how our advertisers can relate. In this week’s column, consultant Holland Cooke’s conference notes, and specific tips for improving results from endorsement spots. Read it here.
Pending Business: A Secret of Success. Sales and marketing pro Steve Lapa, president of Lapcom Communications Corp, writes in his column today, “Every dominant business understands how important it is to set a standard, stick to it, improve it, own it and infuse it into the culture of the organization. Does your radio station strive to set industry-leading sales standards? You don’t need the highest-rated radio station to set a standard for sales performance and service. You don’t need the highest rates, or the most revenue. You need commitment, and the relentless pursuit of setting and improving standard-setting performance.” Read more here.
Nexstar Media Group’s Operational Realignment Ups Sean Compton to President, Networks. On Thursday (10/22), Nexstar Media Group announced a combination of its two primary subsidiaries – Nexstar Digital LLC and Nexstar Broadcasting into a new subsidiary called Nexstar Inc. In this new alignment, Karen Brophy becomes president, digital; Timothy Busch is now president, broadcasting; and Sean Compton rises from executive vice president to president, networks in which he’ll oversee WGN America, Antenna TV, and WGN Radio. All three will answer to Nexstar Media Group president, COO and CFO Thomas Carter. He says, “The operational realignment we are announcing today will accelerate Nexstar’s growth by leveraging our leading local content and positioning the company to become an even more nimble and competitive organization, thereby creating new value for shareholders… We completed the highly accretive acquisition of Tribune Media a year ago and quickly and efficiently integrated their assets, resulting in first year operating synergies exceeding $185 million. At the same time, we converted the Tribune enterprise to Nexstar’s operating, sales and other protocols and successfully and cost-effectively launched ‘News Nation’ on WGN America. As a result, we are leveraging our industry leading scale, diversified business model and solid operating execution to deliver record 2020 financial results as we dynamically manage the business to offset the impacts of the pandemic, reduce leverage and return capital to shareholders through quarterly cash dividends and share repurchases. Our decision to reorganize the business’ operating structure at this time reflects our view that there remains tremendous upside to be realized by maximizing the value of our assets, content and strong consumer engagement with our digital properties.”
iHeartMedia Birmingham Launches ‘BIN 92.7.’ The Birmingham, Alabama market joins the growing number of iHeartMedia markets airing the BIN: Black Information Network format as the company unveils “BIN 92.7” on FM translator WW224CK, Vestavia Hills. The company says “BIN 92.7” will broadcast 24/7 national and local news focused on serving the Black community and providing an information window for those outside the community to help foster communication, accountability and a deeper understanding. The station will feature top national on-air anchors and correspondents including award-winning broadcaster Ed Gordon and renowned journalist Roland Martin. Black Information Network president Tony Coles says, “BIN’s goal has always been to be the most trusted source for news in the Black community, and part of that strategy is, of course, to be available on both broadcast and digital stations across America. We’re thrilled to bring BIN, a full-time news service by and for the Black community, to Birmingham and provide listeners there with both the national and local news that impacts their lives.”
TALKERS News Notes. The FCC issues a Public Notice announcing the Access to Capital Working Group of its Advisory Committee on Diversity and Digital Empowerment and the FCC’s Media Bureau will co-host a virtual symposium titled “Path to Media Ownership and Sustainability” on November 6, 2020 from 9:00 am to 5:00 pm ET. The symposium will examine access to capital for small and diverse broadcasters. The event will be convened virtually via WebEx and will be available to the public streaming via the Internet at www.fcc.gov/live. It will feature broadcasters and lenders discussing how to obtain financing for broadcast station transactions in today’s challenging financial circumstances, as well as experts discussing the history of the previous broadcast tax certificate policy and the potential for a new tax certificate policy to increase broadcast ownership diversity. The symposium will also include presentations from Nielsen Global Media on ratings measurements for multi-ethnic broadcast stations, and a discussion of how small and diverse broadcasters can attract increased advertising revenue. Finally, congressional staff members will provide updates on pending legislation intended to increase diverse media ownership…..Talk media personality Tom Donahue announces he has returned to Tom Donahue Reports to produce his program as a podcast in which he’ll no longer conform to a formatted show, thereby allowing him “greater versatility and creativity in producing audio content.” He continues to stream his show on Talk Stream Live. Also, Donahue is launching a commentaries service in the form of capsules made available to stations as one- or two-minute episodes. “America’s First News with Matt Ray” recently added the reports to his show twice weekly…..Pictured below is Salem Radio Network syndicated talk radio personality Sebastian Gorka (center) with SRN V.P./news & talk programming Tom Tradup (left) and Breitbart Washington political editor Matt Boyle (right) at a celebration of Gorka’s birthday in Alexandria, Virginia. Among the guests were: Salem executives David Santrella and Phil Boyce; former White House press secretary (and Newsmax TV personality) Sean Spicer; WMAL-FM, Washington talk host Larry O’Connor; and KABC, Los Angeles radio and political commentator Joseph DiGenova.
New Orleans Talk Radio Pioneer Keith Rush Dead at 89. WWL-TV, New Orleans reports that Keith Rush, a conservative talk radio icon who worked in the market for 60 years, died last Thursday (10/22) at age 89. According to WWL-TV, Rush was best known for his talk radio program on WSMB-AM that aired during the 1970s and 1980s. Local politician Lawrence E. Chehardy is quoted in the piece saying of Rush’s program, “It was a great forum because you could go on and discuss the issues with him and take phone calls from listeners. It was a way for elected officials to be able to converse with their constituents, long before the days of social media.” Rush began his radio career in the mid 1950s as a disc jockey. He transitioned to talk in the 1970s.
The Presidential Election/‘60 Minutes’ Interviews, Early/Mail-In Voting, COVID-19 Stats & Projections/Pence Office Outbreak, Hunter Biden Emails Case, Social Media ‘Censorship,’ Amy Coney Barrett Confirmation, California Power Outages and Wildfire Threats Among Top News/Talk Stories Over the Weekend. The November 3 presidential election and Sunday night’s appearances by Donald Trump and Joe Biden on “60 Minutes”; reports of record numbers of early and mail-in votes; the rising number of positive cases of COVID-19 in the U.S. and around the world and projections for the fall/winter seasons, as well as the outbreak among the staff of Vice President Mike Pence; the leaked emails from Hunter Biden’s laptop; allegations by conservatives that Twitter and Facebook are censoring their political messages; the confirmation vote on Supreme Court nominee Amy Coney Barrett; and the power outages in California as high winds threaten more wildfires 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 Phoenix, Entercom promotes Chris Hernandez to operations manager for the cluster. In this role, Hernandez will lead operations efforts for classic hits KOOL-FM, country KMLE-FM, and CHR KALV-FM “LIVE 101.5.” At the same time, the company ups Daniel Valentine to music director for “LIVE 101.5.” Entercom Phoenix SVP and market manager Dave Pugh says, “Chris Hernandez has consistently shown amazing drive that leads to substantial results and I’m confident in his ability to take our collection of stations to higher levels. Daniel Valentine has proven his extensive music expertise over the years and I’m looking forward to watching his career grow as he leads LIVE’s music operations. Both are veterans in our company, and I’m honored to elevate two hard working individuals.”…..The programming lineup for iHeartMedia’s “HBCU Homecoming Celebration on iHeartRadio” is taking place on November 12. It will include Angela Yee, co-host of the morning show “The Breakfast Club,” and special guests exploring female entrepreneurship and the art of brand building as the modern-day self-CEO as part of the iHeartRadio Beautiful Possibilities presented by Ulta Beauty. During the discussion, the panel participants will share their personal stories of success and explore how they rise above challenges to define their careers. The panel aims to uplift, inspire and pave the way for the next generation of Black women leaders and will be followed by a performance by singer and songwriter H.E.R. “Breakfast Club” co-host DJ Envy will emcee the iHeartRadio HBCU Homecoming Party on the Yard, presented by McDonald’s. The virtual event will include celebrity guest and McDonald’s owner/operator interviews, legendary HBCU Homecoming highlights, and several special surprise moments. The event will culminate with a performance from global superstar Khalid across all iHeartMedia hip hop and R&B stations…..Legendary Chicago jock Ron Britain, a.k.a. Ron Magel, has died in his hometown of Louisville at the age of 86. Chicago media writer Robert Feder writes about the career of the man who was known as King B on the radio. During his more than 50 year radio career, Britain worked at some 21 stations but achieved the peak of his fame at former CHR outlet WCFL-AM which he joined in 1965.