Tag: "assets exchange"
Beasley Reports 2014 Q4 Pro Forma Net Revenue Dips 4.3%. Getting an accurate picture of the fourth quarter – not to mention the total of 2014 – is a bit dicey because of the asset exchange between Beasley and CBS RADIO. But as Beasley chairman and CEO George Beasley says in the press release, “On a reported basis, fourth quarter net revenue from continuing operations rose 23.5% and SOI [station operating income] increased 14.6%, while operating income of $1.8 million was impacted by $1.7 million of transaction and termination expenses related to the Asset Exchange and otherwise would have compared favorably with the $2.8 million in the comparable year ago period. However, given the required accounting treatment for discontinued operations, the results include only one month of operations from the stations we received in the asset exchange, while excluding the results of the stations we gave up in the transaction. As a result, we believe a pro forma presentation, which assumes the asset exchange occurred on January 1, 2013, better reflects the operating results. On a pro forma basis, fourth quarter net revenue decreased 4.3% to $28.9 million while SOI declined 8.0% to $9.2 million. Importantly, while the fourth quarter pro forma presentation allows for a comparison of the same stations during both periods, it does not reflect our recently initiated and planned format and personnel changes in Tampa as well as expense reductions in Tampa and Charlotte, the benefits of which we expect will be reflected in our results as we move through 2015 and into 2016.”
20 Years of KKFN Sports Talk in Denver Being Recognized. This Monday (3/9), Lincoln Financial Media will celebrate 20 years of sports talk in Denver on KKFN. The format is now heard on KKFN-FM “104.3 The Fan,” but debuted in 1994 on KKFN-AM. The special broadcast will feature several former personalities and athletes who have been part of the two-decade history. The station’s original lineup included: the Fabulous Sports Babe (Nanci Donnellan), Woody Paige & Todd Mansfield, Doug Moe & Tom Green and Jeff Reckard. On Monday the station will welcome back former Fan personalities Woody Paige, Tom Green, Dan Issel, Charles Johnson, Irv Brown and Joe Williams. They will be joined by Rockies radio announcer Jerry Schemmel. The station’s current lineup is: “The Fan Morning Show with Mike Evans, Nate Lundy and Vic Lombardi” (5:30 am to 9:00 am), Dan Patrick (9:00 am to 12:00 noon), Sandy Clough and Scott Hastings (12:00 noon to 3:00 pm), “The Drive” with Alfred “Big Al” Williams and Darren “D-Mac” McKee (3:00 pm to 9:00 pm) and “The Fan Late Night” with Ryan Edwards and Shawn Drotar (9:00 pm to 12:00 midnight). “The Fan” will also hold an anniversary party on Thursday, March 26, at the Sports Column in downtown Denver. Listeners will get the chance to celebrate with members of “The Fan” on-air staff and celebrities.
iHeartMedia Names Charlie Wilkinson Dallas Market President. Moving to Texas from his most recent position with the company as regional president overseeing Charlotte and Raleigh, Charlie Wilkinson becomes market president of iHeartMedia’s six Dallas properties. EVP of operations – Texas majors Kelly Kibler comments, “Charlie has exceeded expectations and consistently raises the bar. He has proven his ability to create and lead winning teams. I’m confident he will continue to deliver consistent integrated revenue growth for the Dallas cluster.” Former market president, Deidre Richter, will join iHeartMedia’s national sales team and will report to Jeff Howard, president of national sales. Richter will lead the South Central Connections Team.
Odds & Sods. At the Cromwell Group’s Nashville sports talk duo “94.9 The Game 2” — WQZQ-AM and W235BW – morning drive co-host Joe Dubin leaves the station and partner Greg Pogue to return to television sports as sports anchor on WSMV-TV, Nashville, effective March 30…..This weekend begins Westwood One Sports’ presentation of a slate of exclusive women’s college basketball broadcasts this month. It gets underway Sunday with the Pac-12 Women’s Championship game and culminating with the Women’s Final Four and National Championship in Tampa on April 7. On Tuesday, March 10, WW1 broadcasts the Big East Women’s Championship, live from Allstate Arena in Chicago. CBS Sports Radio talk-show host Amy Lawrence has the play-by-play, along with former University of Connecticut All-American Swin Cash as the analyst…..Salem Media Group New York brings Chief of Robotic Surgery at Lenox Hill Hospital, Dr. David Samadi, to the staff serving as chief medical correspondent for news/talk WNYM “AM 970 The Answer” and Christian talk WMCA “AM 570 The Mission.” Additionally, Dr. Samadi will host the new program “World Health News with Dr. Samadi,” airing Sundays from 10:00 am to 11:00 am.
Curtis & Kuby Roast Takes Place Monday in NYC. Gotham Comedy Club will be the site of the Curtis & Kuby Roast on Monday, March 9 at 7:00 pm. The duo – heard daily in middays on Cumulus Media’s WABC – will be in attendance as Roast Master Rich Vos (featured on Comedy Central, HBO, and Showtime) hosts a night of no-holds-barred comedy in honor of talk radio odd couple Curtis Sliwa and Ron Kuby. Comedians Kurt Metzger, Bonnie McFarlane, Geno Bisconte, Aaron Berg, and The Stone Brothers will all come out to roast the duo. Limited tickets are still available at www.wabcradio.com. The event is produced by Jeffrey Gurian in conjunction with Gotham Comedy Club and 77 WABC.
TALKERS Weekly Affiliate Roundup. The sports programming from Yahoo! Sports Radio is now being heard on Word Broadcasting’s WVHI, Evansville, Indiana…..The Genesis Communications Network-syndicated “Freedom Feens” show is now being heard on affiliate stations WRMN, Elgin, Illinois (Chicago market) and on WPNN, Pensacola, Florida.
Netanyahu Speech/Iran Nukes Top Talkers TenTM for Week of March 2-6. The speech before Congress by Israeli Prime Minister Benjamin Netanyahu and the issue of a pact to allow Iran’s nuclear program to expand were tied for the most-talked-about story on news/talk radio this week. At #2 was the Supreme Court’s hearing a challenge to the Affordable Care Act. Coming in at #3 was the probe of Hillary Clinton’s use of private email for State Department business, followed by the Homeland Security Department funding battle and President Obama’s amnesty order at #4. The Talkers TenTM is a weekly chart of the top stories and people discussed on news/talk radio this week and is the result of ongoing research from TALKERS magazine. It is published every Friday at Talkers.com. View this week’s entire chart here.