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Thursday, August 5, 2021

| August 5, 2021

Beasley Broadcast Group Second Quarter Net Revenue Up 96%. Reporting its financial data for the second quarter of 2021, Beasley Broadcast Group (parent company of Beasley Media Group) indicates net revenue was $59.6 million, an increase of 96.1% over the same period in 2020. The company posts operating income of $5.8 million compared to the $17.6 million operating loss it reported in Q2 of 2020. Station operating income also rebounded to $11.1 million compared to the $11 million SOI loss it posted in the same period a year ago. Beasley CEO Caroline Beasley states, “Beasley’s strong 2021 second quarter financial results reflect growing momentum across our media platform, as the continuing broad-based economic recovery accelerated demand from consumers and advertisers for our premium content and marketing and advertising services. With the significant rebound in the commercial advertising market, second quarter net revenue of $59.6 million increased 24% over first quarter 2021 levels and 96% over the comparable prior year period. Top line growth combined with the meaningful actions we have taken over the past year to permanently reduce costs and improve operating efficiencies, resulted in a significant rebound in net income to $0.2 million and SOI to $11.1 million, as well as positive free cash flow of approximately $1.0 million. Throughout the second quarter, the resumption of advertising in key categories combined with the success of our content monetization strategies resulted in year-over-year revenue growth across all fifteen of our markets, with healthy double-digit revenue increases in Boston, Detroit, Philadelphia and Wilmington. Notably, our continued emphasis on strong local content and consumer engagement drove best-in-industry ratings performance for our station clusters, according to Nielsen. Our cumulative on-air audience share approached pre-pandemic levels in the second quarter, having grown consistently since the height of the COVID-19 pandemic in 2020. While second quarter non-traditional revenue (NTR) and events revenue was minimal, we made the strategic decision to fully re-open our events business in the third quarter, given the continued strengthening of commerce and consumer activities in our markets, and expect incremental revenue from this source in the second half of 2021. As we work to return all of our revenue sources to pre-pandemic levels of operation, we are closely tracking potential impacts from the Delta variant and the uncertainty it may bring to businesses we serve and our future operating results. Our ongoing focus on digital innovation and the strategic investments we are making in our digital and esports infrastructure and content production capabilities are delivering positive results and continue to highlight the value of our long-term revenue and cash flow diversification strategies. Growing consumer and advertiser demand for Beasley’s digital audio content drove a 96% year-over-year increase in digital revenue, with digital accounting for approximately 13.4% of total second quarter revenue, compared to 13.4% in the prior year period and 12% in the 2021 first quarter. With growing audience share and engagement, Beasley’s digital network delivered record digital audience impressions in the second quarter, with total digital impressions growing 29% over the prior year period.”

Salem Media Group Q2 2021 Total Revenue Rises 20.6%. The total revenue for Salem Media Group’s second quarter of 2021 was $63.8 million, an increase of 20.6% over the same period in 2020. Salem posted operating income of $5.6 million for the quarter, compared to the operating loss of $900,000 it reported during the second quarter of 2020. The company’s net income for Q2 of this year was $2.3 million compared to the net loss of $2.5 million it reported for the second quarter of 2020. Salem Media Group reports data for its three business segments and the Broadcast segment’s net revenue for this quarter was $46.8 million, up 18.5% from the same period a year ago. Station operating income rose 66.6% to $10.6 million. The Digital Media segment saw revenue rise 9.5% to $10.3 million and the Publishing segment revenue was $6.7, an increase of 68.3%. As of June 30, 2021, the Salem Media Group had $216.3 million outstanding on the 6.75% senior secured notes due 2024, no balance outstanding on the Asset Based Revolving Credit Facility, and $11.2 million outstanding on Paycheck Protection Program (“PPP”) loans from the Small Business Administration.

Saga Communications Q2 Net Revenue Up 49.7%. Second quarter financial data from Saga Communications, Inc. reveals that the company’s net revenue was $28 million, an increase of 49.7% over the same period in 2020. The company posted operating income of $4.6 million compared to the operating loss of $8.6 million it reported in the second quarter of 2020.  Station operating expense increased $2.4 million to $21.0 million for the quarter compared to the same period last year. Station operating income was $8.4 million for the quarter compared to a loss of $181,000 for the second quarter of 2020. Free cash flow was $4.2 million for the quarter compared to a negative $1.8 million for the same period last year. Saga’s balance sheet reflects $59.4 million in cash on hand as of June 30, 2021 and $59.6 million as of August 2, 2021.  The company’s total bank debt remained at $10 million as of the end of the second quarter 2021.

Urban One Second Quarter Net Revenue Climbs 41.6%. Today’s second quarter 2021 financial report from Urban One, Inc., parent company of Radio One, indicates the company’s net revenue was approximately $107.6 million, an increase of 41.6% from the same period in 2020. Broadcast and digital operating income was approximately $49.6 million, an increase of 64.3% from the same period in 2020. Urban One reports operating income of approximately $37.9 million for Q2 of 2021, compared to approximately $20.4 million for the same period in 2020. Net income was approximately $17.9 million compared to approximately $1.4 million for the second quarter of 2020. Urban One CEO and president Alfred C. Liggins, III says, “Overall we had an extremely strong second quarter; not only was Adjusted EBITDA up 82.4% year-over-year, but we also surpassed our Q2 2019 pre-pandemic Adjusted EBITDA. We are experiencing unprecedented advertiser interest in our audience across the entire Urban One platform. The radio advertising business saw a robust rebound from the worst impacts of the pandemic in Q2 2020, with segment revenues up by 73% and radio syndication revenues up 50.2%. We also benefitted from strong TV scatter markets, with TV advertising revenues up 21.3% in the quarter; furthermore, registered interest in our 2021-22 TV upfront sales presentations has also been extremely encouraging, which will help our fourth quarter revenue performance. Demand for our digital products remains high, with digital revenues up by 147.9% for the quarter and Adjusted EBITDA up by over $6 million; a significant help to our top and bottom-line growth. For Q3, our core radio business excluding political is currently pacing up by over 40%, and we are comfortable increasing our FY21 Adjusted EBITDA guidance to mid-$130 million, excluding casino chase costs. During the quarter we completed the second tranche of our Class A ATM share sale program, which yielded $21.2 million net of fees. This cash influx further strengthened our balance sheet, and we ended the quarter with $129.8 million of cash on hand, which is a healthy place to be ahead of the exciting new investment opportunity in the One Casino & Resort in Richmond, Virginia.”

Ralph Nader is This Week’s Guest on Harrison Podcast.  Legendary consumer advocate, political activist, prolific author, Pacifica radio talk show host and five-time presidential candidate Ralph Nader is this week’s guest on the award-winning PodcastOne series, “The Michael Harrison Interview.” Harrison and Nader engage in a fascinating discussion about “left/right political thinking” in America as well as social and business changes influenced by advancements in technology, plus more. Nader says working class Democrats and Republicans alike have far more in common than they have differences and that unbridled corporatism is the true enemy of the poor and working class regardless of race or political ideology. To listen to the podcast in its entirety, please click here.

NAB Announces 2021 Marconi Finalists. The finalists for the 2021 Marconi Awards have been announced. The news/talk Station of the Year finalists are: WSB-AM, Atlanta; WTOP-FM, Washington; KSSZ-FM, Columbia, Missouri; WLW-AM, Cincinnati; and KNX-AM, Los Angeles. (NAB lumps all-news and news/talk stations into the same category.) WSB-AM, Atlanta is also up for Legendary Station of the Year. Talk radio hosts making the finals include, for Major Market Personality of the Year, George Dunham, Craig Miller, and Gordon Keith from sports talk KTCK-AM, Dallas “The Ticket.” In the Large Market Personality of the Year category, finalists include: WFLA-AM, Tampa’s Jack Harris; WBAL-AM, Baltimore’s C4 and Bryan Nehman; WHPT-FM, Tampa’s Mike Calta; and WWTN-FM, Nashville’s Dan Mandis. Medium Market Personality of the Year category finalists include: KRMG-FM, Tulsa’s Dan Potter; KIDO-AM, Boise’s Kevin Miller; KYKX-FM, Tyler, Texas’ Harlen the Sports Guy and Pigskin Bob; and WHO-AM, Des Moines’ Simon Conway. See all the finalists here.

TALKERS News Notes. Next Tuesday (8/10), McVay Media’s Mike McVay is joining Loyd Ford from Rainmaker Pathway Consulting Works, LLC for “The Radio State Of The Union Live Event” on The Encouragers on Clubhouse. It’s being billed as “a frank discussion about employment, job search, career management, corporate & local radio and the future” and takes place at 7:00 pm ET. Ford says, “We have been discussing the people we love in this business, the talent. This is a unique time in our history. If you are on the talent side of the business, it takes some skill to navigate your way through what is happening. I reached out to Mike because he really does have such deep experience and knows radio as a talent, a consultant and someone who ran programming for one of the largest broadcasters in the country. Plus, he’s willing (like I am) to be candid. This will be a conversation with red meat and a lot of helpful hacks to get ahead, stay balanced and help others.”…..Legendary WGN-AM and WGN-TV sports producer Jack “Rosey” Rosenberg will be recognized by the City of Chicago with an honorary street sign. The southeast corner of E. Illinois Street and Cityfront Plaza Drive will double as “Jack Rosenberg Way.” Rosenberg’s career at WGN began in 1954 where he was a producer, news writer, and sports editor and worked with celebrated sports voices including Jack Brickhouse, Harry Caray, Vince Lloyd, Lou Boudreau, and others. WGN says, “Rosey was a pioneer in modern sports production and broadcasting and is credited with its development. While Rosey himself was rarely heard on-air, the sound of his typewriter clacking in the background was unmistakable.” Rosenberg died December 26, 2020 at the age of 94…..Futuri announces the launch of AdMatic, “a revolutionary system that helps podcast platforms and creators make their content more discoverable and monetizable using advanced metadata sorting and deployment.” Futuri CEO Daniel Anstandig adds, “Two million podcasts all have the same problem: poor metadata sorting that leads to mismatched recommendations for listeners and ineffective advertising for businesses. AdMatic solves this by using Futuri’s AI-driven technology to individually categorize podcast episodes and align with the businesses and products that best match on a case-by-case basis, rather than the hopelessly broad one-size-fits-all approach we currently see in the market.”

COVID-19 Delta Variant/Outbreaks & Mask Policies, Eviction Moratorium, Cuomo Allegations-Impeachment Possibility, Infrastructure Bill, January 6 Investigation, the Tokyo Olympic Games, and California Wildfires Among Top News/Talk Stories Yesterday (8/4). The fast-rising number of COVID-19 Delta variant cases in numerous U.S. states, governors under fire and mask policies; President Joe Biden’s moratorium on evictions; the allegations of sexual impropriety against New York Governor Andrew Cuomo and the possibility of his being impeached; the bi-partisan $1 trillion infrastructure bill; the investigation into the January 6 Capitol attack; the Tokyo Olympics; and the California wildfires were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Wednesday, May 12, 2021

| May 12, 2021

Audacy Names Spike Eskin VP of Programming for WFAN, New York and CBS Sports Radio. Sports and radio programming pro Spike Eskin is being promoted to vice president of programming for Audacy’s WFAN-AM/FM, New York and CBS Sports Radio, effective July 1. Eskin, who has been brand manager for the company’s sports talk WIP-FM, Philadelphia, will take over for longtime WFAN programmer Mark Chernoff, who is stepping down from his roles with Audacy on June 30. Audacy New York SVP and market manager Chris Oliviero says, “Spike has the vision, creativity, and drive to craft the next chapter of the iconic and influential WFAN brand. Along with CBS Sports Radio, his experience will be ideal to fuel our sports production powerhouse of 48 hours a day of original audio, 12 hours of quality television, all alongside a vibrant digital and social experience for both New York and the nation. As a longtime colleague of Spike, I am excited that he has joined our all-star team and have no doubt that he will succeed.” Speaking about his new role, Eskin says, “I’m humbled and excited for the opportunity to help lead WFAN into its next chapter. It’s an iconic station with incredible talent, and I’m looking forward to the challenge. I’m grateful to Chris Oliviero and Audacy for the opportunity. Working at 94WIP over the last decade has been one of the most rewarding experiences of my life. I’m grateful to David Yadgaroff for his belief in me and the staff who stepped up to every challenge.”

Urban One 2021 First Quarter Net Revenue Declines 3.6%. The 2021 first quarter financial results for Urban One, Inc. indicate net revenue was approximately $91.4 million, a decrease of 3.6% from the same period in 2020. Broadcast and digital operating income was approximately $36.4 million, a decrease of 3.3% from the same period in 2020. The company reports operating income of approximately $23.8 million for Q1 of 2021 compared to an operating loss of approximately $27.3 million for the same period in 2020. Net income was $7,000 compared to a net loss of approximately $23.2 million during the first quarter of 2020. Adjusted EBITDA was approximately $28.8 million in Q1 compared to approximately $32.3 million for the same period in 2020. Urban One CEO and president Alfred C. Liggins III, states, “Normalizing for approximately $1.4 million of Richmond gaming chase costs, which were one-time in nature, our Adjusted EBITDA was down approximately 6.3% year-over-year, which was encouraging in the context of pre-COVID radio comparatives for January and February and a lack of political revenues. It is worth noting that compared to Q1 2019, which was a pre-pandemic and off-cycle political quarter, our Adjusted EBITDA was up by approximately 4.1% (and by 9.1% after normalizing for the Richmond gaming project). Our core radio advertising was down approximately 13.7% for the quarter, with January -28.4%, February -19.9% and March +8.8%. Currently for second quarter, core radio is pacing up over 70%, with April finishing at +89%. Our digital business had another strong quarter, with revenues up 64.6% and Adjusted EBITDA up by approximately $3.2 million. Cable TV revenues were down 2.6%, but Adjusted EBITDA of approximately $24.8 million was 14.5% higher than Q1 2019 (approximately $21.7 million), which is a more realistic comparison than the COVID-impacted Q1 2020, during which content production and marketing were effectively shut-off. Under the circumstances, we delivered a solid first quarter, and I anticipate further sequential improvements in Q2.”

Longtime WFAN, New York Programmer Mark Chernoff Named to New York State Broadcasters Association 2021 Hall of Fame Class. One of the four broadcasters joining the New York State Broadcasters Association Hall of Fame this year is longtime WFAN, New York program director Mark Chernoff, who’s been behind the programming helm of the legendary sports talk station for almost 30 years. The NYSBA says, “While known for his sports programming, Mark started his career at music stations including the legendary WNEW-FM from 1985-1989. He was the program director at ‘K-Rock 92.3 FM’ from 1989-1993 which included working with the legendary Howard Stern. Mark again worked as K Rock’s programming director from 2004-2006, where he helped develop the unique ‘Free FM’ format as a response to subscription-based satellite radio services and had the opportunity to work with  Opie and Anthony. He even worked as a rock music DJ for more than a decade. Mark joined ‘The Fan’ in 1993. At WFAN Chernoff oversaw iconic shows such as ‘Imus in the Morning’ and ‘Mike and the Mad Dog.’ Chernoff’s skills were put to the test as he rebuilt WFAN’s programming following Imus’s comments about the Rutgers University women’s basketball team. He managed the legendary Mike Francesa and Chris Russo. Chernoff brought Boomer Esiason and Craig Carton to the station for a morning show that saw ‘Boomer & Carton’ reach No. 1 in the market during their decade-long run. In a recent Newsday interview, Audacy SVP and New York market manager Chris Oliviero stated, “When people think of WFAN, names like Imus, ‘Mike & The Mad Dog’ or Boomer [Esiason] often come to mind, but no name has been more responsible for the consistent excellence of THE FAN than ‘Chernoff.’”

Cumulus Media and Signal Hill Insights Release Podcast Download – Spring 2021. The sixth Podcast Download report from Cumulus Media and Signal Hill Insights is “a comprehensive evaluation incorporating several studies that examine podcast audience and advertiser trends over the past five years.” This sixth installment was released to coincide with the IAB Podcast Upfront as part of Cumulus Media’s commitment to share insights and research findings with the podcast community. Cumulus Media EVP, marketing and president, Westwood One Suzanne Grimes says, “Our new Podcast Download Report underscores the power of the podcast. Listeners look to podcasts for stories, for entertainment, for learning, and for escape, especially in a year of such upheaval. Audiences soared as listeners experimented with a broader array of content genres and used more distribution platforms than ever to listen to their podcasts.” Some of the findings include the conclusion that the pandemic was a podcast listening accelerant. The study reports that among weekly podcast listeners, the COVID-19 pandemic was a catalyst for increased podcast listening. In March 2021, 53% of weekly listeners reported spending more time with podcasts since the pandemic, up +29% from July 2020 (41%). See more about the study here.

WMT-AM, Cedar Rapids Programmer Randy Lee to Retire. According to a report by KGAN-TV, Cedar Rapids, longtime news/talk WMT-AM, Cedar Rapids program director and on-air personality Randy Lee will retire at the end of this month after a 46-year career in broadcasting. Lee has been the program director at iHeartMedia’s WMT-AM for the past 32 years.

SummitMedia Promotes Tom Scott to Vice President of Engineering. Radio engineer Tom Scott is promoted to vice president/engineering for SummitMedia, LLC. In this role, Scott will manage engineering for all SummitMedia Markets throughout the U.S. SummitMedia CEO Carl Parmer says, “We are delighted for Tom to direct all engineering efforts for SummitMedia. It is certainly a well-deserved promotion. His depth of knowledge and strategic vision will be invaluable to us as we continue to innovate and evolve the technical side of our business.”

TALKERS News Notes. A new weekly podcast from CNN Audio titled, “The Handoff,” and starring CNN anchors Chris Cuomo and Don Lemon debuts later this month. CNN says, “Each night during the primetime hours of CNN’s television programming, viewers witness the deep love, honest candor, and respect that these two anchors – and friends – have for one another in their unscripted ‘handoff’ conversations between shows. Now, with no broadcast clock to hold them back, they are stepping out from behind their anchor desks to come together and ignite even more personal and hot topic conversations. Nothing is off limits.”…..Actor Rainn Wilson and author Reza Aslan are teaming up with Kast Media to serve up their podcast, “Metaphysical Milkshake,” set to debut on June 15. Wilson, known for his Emmy-nominated role as Dwight Schrute on the NBC series “The Office,” and Aslan, author of three internationally best-selling books including bestseller, Zealot: The Life and Times of Jesus of Nazareth, “bring their unique backgrounds, philosophies, and curiosities to create a podcast all about life’s big questions.”…..“The Money Pit Home Improvement Show” – nationally syndicated by Talk Shows USA – adds radio stations KHOB-AM, Hobbs, New Mexico and WGAN-AM /FM, Portland, Maine to it roster of affiliates.

Voting Rights Bill Debate, Cheney vs GOP, COVID-19, Pipeline Hack, Israel-Gaza Fighting, Border Crisis, and Gates Divorce Controversy Among Top News/Talk Stories Yesterday (5/11). The debate in the U.S. Senate over the For the People voting rights act; Liz Cheney addresses the U.S. House as the GOP prepares to strip her of her leadership role for challenging the “stolen election” narrative; COVID-19 vaccine hesitancy in the U.S., mask guidelines, and India’s soaring death toll; the gas shortage in the Eastern U.S. due to the DarkSide pipeline hack; the shelling between Israel and Hamas in Gaza; the migrant crush at the U.S.-Mexico border and the Joe Biden administration’s immigration policy; and the controversy over the Bill and Melinda Gates divorce and the Jeffrey Epstein connection were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Monday, November 18, 2019

| November 18, 2019

Talk Host Craig Silverman and KNUS, Denver Have Different Takes on His Departure.  Only this appears to be agreed upon by former Denver chief deputy district attorney Craig Silverman and Salem Media Group’s news/talk KNUS, Denver – he exited during his Saturday program.  Silverman claims he was ousted in the middle of his show after a segment critical of President Trump aired.  But KNUS general manager Brian Taylor tells FOX 31 Denver that he was removed after appearing on a competing station.  Taylor says, “He decided that it was important to work across town and so on Saturday on his program he announced that, and that’s what prompted our decision to take him off the air.  The notion that he was relieved from his program because he criticized President Trump is absolutely untrue.  We’ve never told Mr. Silverman the position to take on his impeachment.”

Monday Memo: What’s really ‘Official?’ With AM/FM broadcasters now competing with SO many audio competitors, the timing couldn’t be worse to blend-into the blah-blah-blah with dated-sounding station imaging.  In this week’s column, consultant Holland Cooke warns against what he calls “the most-abused word” in promo copy.  Read it here.

iHeartMedia Announces $500 Million Private Offering. Via a filing with the Securities Exchange Commission,iHeartMedia, Inc. announces its intent to offer, $500 million aggregate principal amount of Senior Secured Notes due January 2028 in a private offering to qualified institutional buyers.  Proceeds from the notes – guaranteed on a senior secured basis by iHeartCommunications’ direct parent, iHeartMedia Capital I, LLC, and the subsidiaries of iHeartCommunications that guarantee iHeartCommunications’ term loan facility – are intended (together with cash on hand) “to prepay at par a portion of the outstanding borrowings under its term loan facility, to pay accrued and unpaid interest thereon to, but excluding, the date of prepayment, and to pay fees and expenses related to the offering of the Notes and the use of proceeds therefrom.”

Dunlap Maintains Innocence; Has New Attorney. On Friday (11/15), the Times-Picayune’s Ramon Antonio Vargas wrote an updated story on the case of former WWL-AM/FM, New Orleans sports talk host Seth Dunlap, who was fired from the Entercom station on October 31 in the aftermath of in investigation into the September 10 posting of a gay slur on the radio station’s Twitter account.  If you’ve been following this story, you are aware that Entercom, based on its own investigation, believes Dunlap sent the text himself several days after posting to his own Facebook page an open letter to New Orleans Saints QB Drew Brees complaining about Brees’ work with Focus on the Family, an organization that is not LGBTQ-friendly.  Dunlap also went public with his own struggles in the radio biz as an openly gay man.  Several days later the anti-gay slur appeared on the WWL Twitter feed.  Entercom turned the investigation over to the New Orleans Police Department and recently, a judge denied the NOPD a warrant for Dunlap’s arrest on extortion charges.  The request for a warrant was based in part on WWL’s statement that Dunlap sought $1.8 million from the station for him to drop his planned lawsuit against it for allowing a hostile workplace.  Dunlap has since changed lawyers.  Megan Kiefer no longer represents him.  Dunlap tells the Times-Picayune that Billy Gibbens is his attorney.  Another new development is that Dunlap says he no longer has the iPhone from which WWL and police believe he accessed the station’s Twitter account.  The NOPD says their investigation is ongoing and Dunlap says he is still considering suing the station.

Jimmy de Castro ‘Retiring’ from Entercom. In a memo to staffers last Friday, Entercom COO Weezie Kramer announced that Jimmy de Castro – senior vice president and market manager for the company’s Chicago, Milwaukee, and Madison station groups – is retiring from his position with the company.  He’s expected to leave in mid-December.  Kramer says of de Castro in her memo, “Jimmy was tasked with breathing new energy and positivity into the organization as we embarked on our journey as a new team.  And Jimmy delivered.  His spark, creativity, experience, and business acumen were just what was needed to improve our brands, our culture, our business, and our building in Chicago.”  De Castro tells Chicago media writer Robert Feder that he’ll continue to operate sports marketing and consulting firm After The Whistle LLC and his firm The Content Factory, and through the latter he hopes to get into sports betting and gaming content.

Place Assumes Mornings on New Hampshire’s WNTK-FM.  The Valley News reports that market on-air pro Jason Place is taking over the morning drive show on Sugar River Media’s news/talk WNTK-FM, New London, New Hampshire.  Place takes over the program from former host Keith Hanson.  Hanson – a local Republican committee chairman – exited the station in October after his controversial use of profanity on social media in defense of his decision to bring Jihad Watch author Robert Spencer to the area for a presentation caused a stir.  Though the Valley News says station officials deny his exit had to do with that incident.  Place tells the paper he isn’t hosting the show to espouse a certain political philosophy; he wants to have conversations with listeners.  “What matters is what the listener thinks.  Hopefully, we can get a conversation going, learn something. and have some fun. … God, I just hope I don’t take myself too seriously.”

TALKERS News Notes. St. Louis news/talk KMOX “News Radio 1120” announces it signs a contract extension to continue to serve as the flagship radio station for St. Louis Cardinals games through the 2024 season.  Entercom St. Louis SVP and market manager Becky Domyan says, “We are honored to continue to work with the world class St. Louis Cardinals.  ‘News Radio 1120 KMOX’ and the Cardinals are synonymous institutions here in this great city and we couldn’t be more excited to continue this fantastic partnership.”…..Westwood One Podcast Network announces that “The Dan Bongino Show” adds a once-weekly interview show to its daily lineup.  The new program launched with an interview with President Trump.  During the interview, the president shared thoughts about why he uses social media, the impeachment hearings, the whistleblower’s identity, Ukraine’s new president, looking forward to the new Inspector General report, draining the swamp, tax cuts, the economy, capital gains indexing, Obamacare, and more.  Bongino is a former Secret Service Agent, former NYPD officer, and a New York Times best-selling author…..AdLarge Media announces that Dave Boretti is named its vice president of Midwest sales.  Boretti comes to AdLarge from a similar position with PodcastOne.  Chicago-based Boretti says, “I’ve had conversations with Don for a few years about moving to AdLarge and this came together at the perfect time.  AdLarge is an exciting company with leadership that consistently is ahead of emerging trends in audio.  I look forward to marshalling their assets to help AdLarge’s advertisers achieve their goals.”

Impeachment Testimony/Ukraine Allegations, 2020 Presidential Race, Deadly Fresno Football Party Shooting, Hong Kong Protests, China’s Muslim Detention Docs, Prince Andrew Interview, Iran Protests, Venice Flooding/Climate Change, and Kanye West at Osteen Church Among Top News/Talk Stories Over the Weekend. The impeachment testimony against President Trump and the related allegations of impropriety with regard to Ukraine’s military aid money; the Democrats hoping to challenge President Trump in 2020 and Michael Bloomberg’s entrance into the race as a Republican; the shooting at a football watching party in Fresno that took the lives of four; the protests at Hong Kong Polytechnic University; the revelation of Chinese documents indicating detention of Muslims; Prince Andrew’s awkward interview with the BBC regarding his relationship with Jeffrey Epstein; protests in Iran over the doubling of gas prices; the city of Venice suffers its third flood in a week that officials are blaming on climate change; and Kanye West’s appearance at Joel Osteen’s Lakewood Church in Houston were some of the most-talked-about stories on news/talk radio over the weekend, according to ongoing research from TALKERS magazine.

2019 Giants of Broadcasting & Electronic Arts Honored. Pictured above are the nine distinguished members of the media industry who were honored Friday (11/15) at the 17th Annual Library of American Broadcasting Foundation’s Giants of Broadcasting & Electronic Arts awards ceremony held at New York City’s famed Gotham Hall.  Clockwise from top left are: CW Television Network president Mark Pedowitz, Urban One CEO Alfred C. Liggins III, Patrick Communications founder and CEO Larry Patrick, CBS Television Stations president Peter Dunn, Advanced Television Systems Committee president emeritus Mark Richer, PBS president & CEO Paula Kerger, journalist Connie Chung, NBC Nightly News anchor Lester Holt, and Premiere Networks president Julie Talbott. Photo: Wendy Moger-Bross

Music Radio News and Career Moves. Albuquerque CHR outlet KKOB-FM re-brands as “93-3 The Q.”  Cumulus Media Albuquerque VP and market manager Jeff Berry comments, “‘93-3 The Q’ is the natural evolution of 93.3, a highly rated radio outlet with compassionate personalities, an enormous fan base, and market-leading, multi-platform content.  ‘93-3 The Q’ brings renewed passion for and connection with the city of Albuquerque and its people. It is a reflection of our commitment to Albuquerque listeners and we couldn’t be more excited to grow and expand the brand when it is healthy and take it to the next level.”…..iHeartMedia Asheville announces the debut of “The Woody & Wilcox Show” on its WKSF-HD3/W266CP “ALT 101.1.”  iHeartMedia Asheville SVP of programming Brian Hall says, “We are pumped to add ‘The Woody and Wilcox Show’ to the lineup.  Woody and Wilcox can’t deliver food to your door, but they will deliver a morning wake-up call that Asheville listeners will love.”

Thursday, November 7, 2019

| November 7, 2019

iHeartMedia Third Quarter Revenue Rises 3%. Revenue for iHeartMedia, Inc. – whose shares became listed on the NASDAQ on July 18 of this year – was $948.3 million, an increase of 3% compared to the same period in 2018.  Digital revenue increased 33.4%.  Looking at the first three quarters of 2019, revenue was $2.66 billion – an increase of 2.8% over the same period in 2018.  The company says, “Our traditional radio business, which is comprised of our Broadcast and Networks revenue streams, is stable and growing.  Broadcast revenue declined by 0.6% on a reported basis and increased 0.4% excluding the impact of political revenue, while Networks grew 9.2% year-over-year driven primarily by growth in our Total Traffic & Weather network.  Networks also grew sequentially by almost 300 basis points over the second quarter. Our growth was also driven by our Digital revenue stream, which grew 33.4%.  Digital revenue growth was primarily driven by growth in podcasting, as well as other digital revenue.  Audio & Media Services declined 14.3% on a reported basis and increased by 0.2% excluding the impact of political revenue.  Political revenue primarily impacts our Broadcast and Audio & Media Services revenue, and therefore these revenue streams tend to show greater variance in non-political years.  Sponsorships increased by 4.4% year-over-year. Importantly, all of our revenue streams grew year-over-year excluding the impact of political revenue, demonstrating the continued momentum in our business.”

Beasley Broadcast Group Reports Q3 Net Income Up 1.5%. Net income for Beasley Broadcast Group’s 2019 third quarter was $66.1 million, an increase of 1.5% over the same period in 2018 and the company says that “reflects increased revenue in the Company’s Philadelphia, Detroit, Boston, Charlotte, Fayetteville, and Wilmington market clusters. Net revenue for the three months ended September 30, 2019 was comparable to net revenue for the same period in 2018 at the Company’s other market clusters.”  For the first nine months of 2019, net income was $189.5 million, an increase of 4.1% over the same nine-month period in 2018.  Station Operating Income increased 12.7% year-over-year in the third quarter of 2019.  The company says the year-over-year increase is primarily attributable to higher revenue in the 2019 third quarter and lower station operating expenses related to $1.7 million of non-recurring bad debt expense that was recorded in the comparable 2018 period, partially offset by higher expenses at recently acquired stations.  Beasley CEO Caroline Beasley states, “Throughout the third quarter, we continued to advance our revenue diversification initiatives and actively manage our local radio broadcasting and digital platforms, while implementing our operating disciplines at recently acquired stations to drive SOI growth and margin expansion.  Record third quarter net revenue of $66.1 million was driven by the strength of our station clusters in four of our top five largest revenue markets, as well as contributions from recent acquisitions and more than offset the approximate $0.9 million of combined political, spectrum and United States Traffic Network traffic revenue recorded in the 2018 third quarter, which did not recur in the 2019 third quarter…Third quarter results also began to reflect financial contributions related to our new and expanding digital development and diversification initiatives. Beasley generated a year-over-year increase in digital revenue of approximately 37%, with digital now accounting for 7.4% of total revenue, compared to 5.4% of total revenue in the prior year period. Going forward, we remain committed to increasing digital share of total revenue as we continue to aggressively roll out our digital transformation strategy across the organization.”

Urban One Third Quarter Net Revenue Basically Flat at $111.1 Million.  While third quarter net revenue was up just 0.3%, Urban One’s broadcast and digital operating income was up 3.2% on $44.8 million, compared to the same period in 2018.  Operating income was approximately $32.5 million for the three months ended September 30, 2019, compared to approximately $32.1 million for the same period in 2018.  Urban One CEO and president Alfred Liggins III says, “During the third quarter we completed the sale of WDMK to Beasley Broadcasting, as a result of which our cash position improved, and net leverage was reduced. On a same station basis, our third quarter radio revenues were up 4.2%, and I was pleased that we were able to grow the Radio Broadcasting segment Adjusted EBITDA by 6.6%.  Same station core radio revenues, excluding political, are currently pacing down low single digits for the fourth quarter.  Cable Television advertising was robust in the quarter, up 7.8%. While digital revenues decreased by 6.4%, we were able to post significant Adjusted EBITDA growth in that segment as a result of improved cost control.  Overall, we were able to grow Adjusted EBITDA by 5.8% for the quarter, and I believe we are well positioned to achieve our strategic goals for the year, with Adjusted EBITDA in the range of $138-$140 million.”

Nielsen Announces Plans to Split into Two Companies.  Along with its third quarter financial results, Nielsen Holdings Plc is announcing that it will “separate the Global Media and Global Connect businesses through a spin-off of the Global Connect business.”  Global Media is the audience measurement division and Global Connect is the consumer data division.  CEO David Kenny says, “We are pleased with our third quarter results.  Both Media and Connect revenues were ahead of our expectations, reflecting strong execution as well as our focus on driving faster, bolder decisions to enhance value for Nielsen and for our clients.  We also announced today the conclusion of our strategic review and our decision to separate Global Media and Global Connect.  As we look forward, we remain focused on executing on our growth strategies and positioning both businesses to create value for our shareholders.”  The strategic review was led by chairman of the board of directors James Attwood, who says, “Nielsen has two strong and global franchises — Global Media and Global Connect.  Following an extensive review process, which included an in-depth analysis of our businesses, strategies and market opportunities, the Board concluded that separating into two independent, publicly traded companies is the best path to position each business for long term success and maximize value creation.  As independent companies, both Nielsen — the Global Media business — and the new company consisting of Global Connect will enjoy added flexibility and further strengthen their paths toward a new phase of growth, productivity and industry leadership.”

Q3 2019 Flat for Saga Communications. Third quarter net revenue for Saga Communications, Inc. was $31.3 million, basically flat compared to 2018’s Q3 figure of $31.7 million.  Station operating expense increased $171 thousand to $23.6 million and operating income decreased $520 thousand to $4.8 million compared to $5.3 million for the same period in 2018.  Net Income decreased $361 thousand to $3.3 million for the quarter.  On a same-station basis, third quarter net revenue decreased $1.4 million to $30.3 million.  Looking at the first three quarters of 2019, net income was flat with the same period in 2018 at $9.4 million.  Net revenue decreased $610 thousand to $91.3 million.  On a same-station basis for the nine-month period, net revenue decreased $3.8 million to $88.1 million.  Saga reports having $42.3 million in cash on hand as of November 4, 2019.  The company’s total bank debt was $10 million as of the end of the quarter.

PPM Analysis: Public Radio News/Talk. TALKERS magazine managing editor Mike Kinosian presents a look at the performances of radio stations based on data from Nielsen Audio’s October PPM survey, today focusing on the public radio news/talk format.  More than 60% of public radio news/talk stations were up (weekly 6+ AQH share) compared to the September 2019 survey.  Year-over-year, the results were split about 50/50, with half the stations up and half down. Four high-performing public outlets ranked #1 in their respective markets in October.  They were: WAMU-FM, Washington; KPBS-FM, San Diego; KOPB-FM, Portland; and KUT-FM, Austin.  Perennially top-ranked public outlet KQED, San Francisco ceded the #1 spot to Entercom’s all-news KCBS-AM, San Francisco in October.  See Mike Kinosian’s entire report here.

Sun Broadcast Group to Rep All of Envision Networks’ Products in 2020. This agreement between Sun Broadcast Group and Envision Networks is an expanded sales representation agreement that now includes all Envision Networks shows and services.  Envision Networks CEO and president Danno Wolkoff says, “We started with Sun Broadcast Group selling all of our Spanish inventory and began adding more general market advertising to their networks as we grew.  SBG’s ability to maximize our lineups and create networks with such high advertiser demand fueled the development of many new shows and services.  It’s only fitting that Jay [Bailey], Julio [Aponte] and the Sun team now represent all of Envision Networks’ advertising sales in 2020 … we’re thrilled to be working together.”

TALKERS News Notes. Greenville, South Carolina news/talk WYRD-FM “106.3 WORD” adds a translator to its broadcast.  Now carrying the station’s signal is W270AM, Anderson, South Carolina at 101.5 FM. Anderson is about 25 miles southwest of Greenville.  Entercom Greenville-Spartanburg SVP and market manager Steve Sinicropi says, “We’re happy to meet the demand from listeners and advertisers to expand 106.3 WORD’s over-the-air signal to Anderson County using 101.5 FM.  Anderson is a fast-growing market that we are looking forward to serving with 106.3 WORD’s programming on all of our platforms.”…..Kentucky sports talk host Matt Jones will be off his WLAP-AM, Lexington-based program after U.S. Senate Majority Leader Mitch McConnell filed a complaint with the Federal Elections Commission.  Jones has announced he’s exploring the possibility of running as a Democrat for McConnell’s senate seat.  The iHeartMedia station asked Jones to step away from the program after the complaint was issued.  Jones was relieved of his duties at WLEX-TV, Lexington in July after he made his political ambitions known…..Cumulus Media’s Westwood One is presenting a news special titled, “30 Years After the Fall: The Legacy of the Berlin Wall,” that explores the 30th anniversary of the fall of the Berlin Wall.  Correspondent Chas Henry hosts the program as he reports from the site where the Berlin Wall once stood.  He talks to scholars about why the wall was constructed and with residents who watched it come down.  The half-hour program airs Thanksgiving weekend.  Stations interested can contact Jim Jones at jimjones@westwoodone.com or 202-840-7933 for more information.

Impeachment Process, Ukraine Affair, 2020 Presidential Race, Tuesday’s Election Results, Mormon Family Massacre, China-Hong Kong Tensions, New HIV Strain, and OK Boomer Meme Among Top News/Talk Stories Yesterday (11/6). The impeachment process against President Trump; the testimony about President Trump’s alleged quid pro quo offer to Ukraine’s Volodymyr Zelensky; the Democrats vying to challenge President Trump in 2020; Democratic victories in Virginia and Kentucky in Tuesday’s elections; the massacre of nine members of a Mormon family by drug cartel members in Mexico; the ongoing tensions between Hong Kong and China; the discovery of a new strain of HIV; and the controversy over the “Ok Boomer” meme were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Music Radio News and Career Moves. In the Fresno market, iHeartMedia names Angel “Visa” Jarquin program director for hip hop KBOS “B95.”  He comes to “B95” from his most recent position with the company’s CHR KDON, Monterey where he was afternoon drive personality and assistant program director.   iHeartMedia SVP of programming for Central California and Nevada Tony Matteo says, “Angel’s incredible track record of success and his experience in the format make him an ideal fit to spearhead this market’s leading brand in Fresno.  We’re excited to bring his energy to the ‘B95’ team.”…..JVC Media announces the addition of Long Island radio personality Bill “The Wiseman” Wise as morning host at WPTY-HD2/W251BY, Patchogue, New York “Oldies 98.1”  JVC New York general manager Bruce Shepard says, “The Wiseman is a great addition to our staff.  He will not only be on the airwaves of ‘Oldies 98.1,’ he will also work with the team to develop new and exciting live events and concerts for ‘Oldies 98.1.’  I am thrilled to have him on board.”…..Country outlet WYCD, Detroit  hosted last night’s “Stars and Strings Presented by RAM Trucks Built to Serve” event that raised more than $25,000 for Folds of Honor, the organization that provides educational scholarships to spouses and children of America’s fallen and disabled service members. Entercom has now raised more than $275,000 to support the cause.  The RADIO.COM event featured performances by Keith Urban, Maren Morris, Lady Antebellum, Kelsea Ballerini, Jon Pardi, Brett Young, and Ryan Hurd…..iHeartMedia’s rock WJRR, Cocoa Beach, Florida announces the all-star lineup for its “Earthday Birthday Number 27” music festival taking place on Saturday, April 18, 2020 at the Central Florida Fairgrounds and Orlando Amphitheater.  Performing will be: Shinedown, Halestorm, Theory Of A Deadman, Beartooth, Fozzy, Dirty Honey, New Years Day, Crobot, and Dinosaur Pile-Up, with more to be announced…..Cox Media Group classic hits WSRV, Atlanta “97.1 The River” will celebrate its 14th birthday with “The River’s Rockin’ Birthday Bash Presents: Journey with Pretenders” on Thursday, August 13 at Cellairis Amphitheatre at Lakewood in Atlanta.  Station director of branding and programming Chris Eagan says, “We can’t wait to celebrate The River’s 14th birthday with our awesome fans.  Journey and Pretenders will definitely put on an unbelievable show to help us party on August 13!”

Tuesday, March 6, 2018

| March 6, 2018

Will Tomorrow Be the Day iHeartMedia’s Future Becomes Clearer? On Sunday, iHeartMedia and Consenting Lenders entered into a Forbearance Agreement that put off iHM’s defaut on an interest payment on 14% Senior Notes until midnight tomorrow (3/7).  That gives both sides more time to work out a solution to the company’s $20 billion in debt and avoid putting the matter into the hands of a bankruptcy judge.  Analysts watching this case are taking note of the fact that John Malone’s Liberty Media purchased $400 million of iHM’s debt last week and now becomes a creditor in the event of a bankruptcy.  Just how important Liberty’s involvement as a creditor becomes remains to be seen but, remember that Liberty came to the aid of SiriusXM when it needed cash and now controls a majority interest in that company.  A lot of the consumer press stories covering the iHeartMedia debt saga that TALKERS editors have seen imply the company is on the verge of “failure.”  But the reality – borne out by its quarterly financial reports – is that the company is making money.  It’s just not making enough to cover interest payments on the massive debt.  The latest term sheet from iHeartMedia summarizes a proposed restructuring of the company that would reduce its debt (in exchange for equity) to $5.75 billion.  As part of the proposed terms, it would spin off Clear Channel Outdoor Holdings.

And ‘The Loop’ in Chicago Goes to…Educational Media Foundation!  At first, today’s FCC filing to transfer classic rock WLUP-FM, Chicago from Merlin Media to non-profit Christian broadcaster Educational Media Foundation for $21.5 million seems surprising, but EMF did recently acquire KSWD, Los Angeles from Entercom and, unlike many secular, commercial broadcasting companies, it has money in the bank.  If approved, it’s expected that EMF will install its “K-Love” Christian contemporary format on the station.  Unfortunately, the deal means the current staff – including morning personality Erich “Mancow” Muller – will be out of work.  The other Merlin Media station still on the block in Chicago is alternative rock WKQX.

Salem Media Group LMAs KPAM, Portland.  In a press release issued Monday (3/5), Salem Media Group acknowledges that it is operating news/talk KPAM, Portland and adult standards KKOV “Sunny 1550” – both stations in the process of being sold by Pamplin Broadcasting to Intelli LLC.  The presser is titled, “KPAM is Alive and Well” and notes that KPAM airs “live and local drive-time programs – ‘First Edition’ from 6am to 10am and ‘Afternoon Northwest’ from 3pm to 6pm – and syndicated programs such as ‘The Clark Howard Show,’ ‘The Schnitt Show,’ ‘The Michael Medved Show,’ and ‘The Joe Pags Show.’  Hourly news, weather, and sports as well as drive-time traffic are also featured.”

WRKO, Boston Adds Joe Pags Show for Evenings.  The WOAI, San Antonio-based Joe Pags show – hosted by Joe Pagliarulo – is joining the program lineup of iHeartMedia’s WRKO, Boston.  The Joe Pags show – heard in more than 100 markets across the country – airs in the 7:00 pm to 10:00 pm slot.  WRKO program director Michael Czarnecki says “We are thrilled to have Joe join the WRKO weekday line up.  Joe does so much more than just political talk.  He entertains, makes you think, makes you laugh, heck he even sings.  This makes him the perfect addition to the WRKO family.”  Pagliarulo states, “When you hear the call letters WRKO, you hear heritage – and a station most hosts can only dream of being on.  I’m psyched beyond words that my show is coming to this amazing station.  It’s an opportunity I cherish and simply cannot wait to talk with the great people of Boston on a daily basis.  Thank you so much to the management team for the trust and support!”

Saga Communications’ Fourth Quarter Net Revenue Rises 2.3%.  During 2017, Saga Communications executed the sale of its television stations and purchased radio stations in Charleston and Hilton Head, South Carolina.  Those transactions resulted in net income increasing $9.9 million during the fourth quarter of 2017 and $36.5 million for the year.  Saga reports that net revenue increased 2.3% to $31.5 million during Q4.  For the entire year, net revenue decreased 0.7% to $118.2 million.  For the fourth quarter, operating income decreased $433,000 to $5.3 million when adjusted for the $1.5 million charge for impairment of intangible assets.  Station operating expense increased 5.4% to $23.2 million (station operating expense includes depreciation and amortization attributable to the stations) primarily due to the acquisition of the Charleston and Hilton Head radio stations.  Free cash flow was $6.3 million compared to $7.6 million last year.  Same station net revenue decreased 4.2% to $29.5 million primarily due to a decrease in gross political revenue of $1 million and same station operating expense decreased 2.5% to $21.5 million for the quarter.

Urban One Reports Q4 2017 Net Revenue Down 4%.  The silver lining in this fourth quarter 2017 financial report from Urban One is that broadcast and digital operating income increased 2.8% compared to the same period in 2016.  But overall, net revenue was approximately $109 million, a decrease of 4% from the same period in 2016.  Adjusted EBITDA was approximately $38.7 million for the quarter, compared to $30.9 million for the same period in 2016, an increase of 25.6%.  Urban One president and CEO Alfred C. Liggins, III says, “Overall, we produced a strong quarter from an Adjusted EBITDA standpoint, and as a result we were able to show full year Adjusted EBITDA growth, despite the challenging market conditions.  Our core radio revenues were up slightly for the quarter, excluding the impact of political revenues.  Our TV advertising revenues suffered from weak ratings delivery, which was somewhat offset by growth in affiliate revenues.  Our digital business benefitted from the integration of our acquisition of the Bossip, Madame Noire and Hip Hop Wired brands, and was up significantly in both revenue and Adjusted EBITDA compared to prior year.  We were able to control costs, most notably at TV One and Corporate.  During the quarter, we repurchased a further $20 million of our 9.25% notes at a discount, and we remain strongly committed to reducing net leverage.”

TALKERS News Notes. Sports giant ESPN announces James Pitaro is the company’s new chief, taking over for John Skipper, who suddenly stepped down from his position in December in order to address what was termed a long-time substance abuse issue.  Pitaro has been serving the Walt Disney company in an executive capacity in the digital realm.  Pitaro will also serve as co-chair of Disney’s television segment…..JVC Media’s Long Island news/talk outlet WRCN, Riverhead “LI News Radio 103.9 FM” is presenting a “Spring Back to Business” event designed to be a “networking social get-together” on March 26 at its studio operations at Long Island MacArthur Airport in Ronkonkoma.  Station personality Frank MacKay will introduce FOX News Channel and FOX News Radio personality Brian Kilmeade who will take part in a Q&A with attendees.

Bill Lally Dies After Battle with Cancer.  Family, friends and the Southern California radio community are mourning the loss of Bill Lally, who passed away over the weekend after a long battle with cancer.  Lally was a longtime operations manager and APD at KFI, KLAC and KTLK in Los Angeles who exited the company in 2009 during the massive round of layoffs that took place at then-Clear Channel that year.  Prior to moving to Los Angeles, Lally had also served with WABC, New York; Westwood One; WMCA; and CBS RADIO during his career.

Trump-Russia Investigation/Sam Nunberg Subpoena, Financial Reforms Rollback, North Korea-South Korea Talks, Trump Tariffs/Trade War, Senate School Safety Bill, Netanyahu-Trump Meeting, the Oscars, and NBA Action Among Top News/Talk Stories Yesterday (3/5).  The investigation into possible connections between the Trump campaign and Russian agents and the bizarre media tour by former Trump aide Sam Nunberg after being subpoenaed by special counsel Robert Mueller; Senate Majority Leader Mitch McConnell proposes rolling back reforms enacted after the 2008 financial crisis; North Korea’s Kim Jong Un meets with South Korean officials; President Trump’s proposed steel and aluminum tariffs and House Speaker Paul Ryan’s move to block them; the U.S. Senate proposes a school safety bill in the aftermath of the Parkland, Florida shooting; embattled Israeli Prime Minister Benjamin Netanyahu’s trip to Washington and his meeting with President Trump; Sunday night’s Academy Awards show; and NBA action were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Music Radio News and Career Moves.  The morning show at iHeartMedia’s hip hop WUSL, Philadelphia “Power 99” adds Roxy Romeo to the cast.  She’ll join the “Rise & Grind Morning Show” featuring Mikey Dredd and Mutha Knows, effective March 12.  iHM Philly director of urban programming Derrick Corbett says, “To be able to add a talent the likes of Roxy to our staff is phenomenal.  She’s an incredible personality who has the ability to make you feel as if you’ve known her for years upon first listen. We’re excited to be able to share her voice with the city of Philadelphia, and that she’s chosen to make ‘Power 99’ her new home.”  Romeo was most recently midday jock, APD and music director at the company’s “REAL 103.9” in Las Vegas…..Nate Bell is named program director at iHeartMedia’s hip hop WJLB and urban contemporary WMXD “Mix 92.3” in Detroit.  EVP of urban/hip hop programming Doc Wynter says, “We are so excited to have Nate back in our urban programming brain trust.  He was missed, but it was destiny for him to come back to iHeartMedia.  Things are about to heat up in Detroit!”…..In Charlotte, iHeartMedia names Brooke Morrison afternoon personality for CHR WHQC “Channel 96.1.”  Station PD A.J. says, “We are very excited about what Brooke will bring to Charlotte.  Her high level of engagement, work ethic and passion for music and entertainment make her a superstar on and off the air.  I look forward to her joining the team as we build the next chapter of ‘Channel 96.1.’”