Tag: "automatic stay"
PPM Analysis: Sports Talk. Managing editor Mike Kinosian presents a look at the performances of radio stations based on data from Nielsen Audio’s May 2018 PPM survey, today focusing on sports talk. More than half of the sports talk stations in PPM markets saw their 6+ weekly AQH shares rise compared to the April survey (54%). Better still, 65% of sports stations realized positive 6+ movement compared to the same ratings period a year ago. There are no sports talk stations ranking #1 in their market (6+), however Entercom’s WFAN, New York ranked #3 in the Long Island market and the company’s KDKA-FM, Pittsburgh also ranked #3. See the entire report here.
Bloomberg: iHM Still Open to Takeover Talks After Shooting Down Liberty. According to a report today by Bloomberg, Liberty Media officially retracted its $1.8 billion takeover offer to iHeartMedia (on 6/15) after some creditors apparently balked at the offer for a 40% equity stake in the company, saying it wasn’t enough. However, iHeartMedia is still open to takeover talks – including with Liberty Media – as it tries to work its way through Chapter 11 reorganization. Experts quoted in the piece say they expect Liberty to come back with another offer because Liberty hasn’t been acquiring iHM debt in order to get a fraction of that back in bankruptcy reorganization. It wants leverage at the bargaining table.
Beasley Adds FM Translator to News/Talk KDWN, Las Vegas. Las Vegas news/talker KDWN-AM officially begins life on the FM band today (6/21) as Beasley Media Group adds translator K268CS at 101.5 FM to the station’s transmission. At the same time, the station re-brands as “The New 101.5FM/720AM The Talk of Las Vegas.” The translator is located “high atop the Stratosphere in Las Vegas. The decision to create a simulcast broadcast stems from the company’s market research and a desire to offer Las Vegas residents an alternate way to hear KDWN’s locally originated programming, along with a venerable line-up of personalities that will include Laura Ingraham, Sean Hannity and Mark Levin.” Beasley Las Vegas VP and market manager Dennis Gwiazdon adds, “We’re truly excited about this new opportunity to expand KDWN’s presence in the Las Vegas market. Not only does this provide our listeners with an additional choice to enjoy KDWN’s programming, but an FM simulcast immediately adds value to our advertising customers.”
TRN Seeks Permission to Appeal Case Against Westwood One. Radio company Talk Radio Network is asking Southern District of New York bankruptcy court Judge Shelley Chapman to give it relief from the automatic stay so it can appeal the Oregon federal court dismissal of its case against Westwood One and others. TRN says it filed a timely appeal of the previous dismissal but Cumulus Media’s entry in to Chapter 11 last fall put an automatic stay in place that prevented the Eleventh Circuit Appellate Court from taking up the case. Now that Cumulus has exited Chapter 11, TRN wants to continue the appeal process. It’s also asking for an extension in which to file its Opening Brief in the Westwood One case. Fellow defendants in the case are: Compass Media Networks, WYD Media Management, WYM Media Management, Lew Dickey Jr., and Charles Steinhauer. Mark Masters-led TRN has claimed in a number of previous suits that Westwood One and the other defendants all conspired to monopolize the radio syndication ad sales market and that Westwood One also committed breach of fiduciary duty, among other allegations.
TALKERS News Notes. Award-winning hospitality figure, New York Times best-selling author, entrepreneur, and television personality Jon Taffer is partnering with PodcastOne to present his new podcast, “Jon Taffer: No Excuses.” The new program debuted this week with fan-voted guest Big Cat from Barstool Sports. The weekly show “features the Bar Rescue star’s trademark straight talk and unapologetic approach to daily topics, current events and celebrity interviews. In addition to his genuine opinions and in-your-face analysis on these topics, Jon will offer tough-love advice to fans in the interactive program.”…..Conservative media figure Armstrong Williams – who had a long career hosting a radio talk show on AM stations – is putting his SiriusXM program to bed. Williams tells the Heritage Foundation’s Daily Signal that he will focus all of his attention on his television station company, Howard Stirk Holdings. He’s not exiting the performance side of the business entirely as he’ll continue to host his eponymous TV show and will keep producing his podcast…..Scripps executive Tom Langmyer is being honored by the Buffalo Broadcasters Association with entrance into its Hall of Fame as part of the class of 2018. Langmyer, who currently serves as VP of News, Talk and Sports and GM for news/talk WTMJ and country WKTI in Milwaukee, is a Buffalo native and former WGR-AM traffic reporter. He’s being honored with the Buffalo Bob Smith Award bestowed upon a native broadcaster who achieves national prominence…..WBUR, Boston announces the winner of its Next Great Show Content and has selected “McSweeney’s Presents.” The program was submitted – and beat about 400 other program pitches – by McSweeney’s Internet Tendency editor Chris Monks as a way of bringing the online magazine’s humor and insight to radio. Monks says, “I am thrilled that WBUR chose my idea for the Next Great Show contest. I look forward to making a radio version of McSweeney’s Internet Tendency, and the challenge of not bringing shame upon my family of avid WBUR listeners.” The program is said to be a “satirical look at the world, from pop culture, to politics, to the playground, featuring work of the country’s best established and up-and-coming writers and comics.”
Illegal Immigration Policy/Peter Fonda Tweet, Trump Trade War, U.S.-North Korea Meeting, Cops Kills Black Teen in Pittsburgh, World Cup, and MLB Action Among Top News/Talk Stories Yesterday (6/20). The controversy over the separation of children from parents in the crackdown on illegal immigration and the related case of Peter Fonda’s Tweet about separating President Trump’s son from his family; the tariffs being tacked on foreign goods and concerns about global trade war; the aftermath of President Trump’s meeting with North Korean dictator Kim Jong Un; the death of an unarmed black teenager at the hands of a police officer in Pittsburgh; the World Cup tournament in Russia; and Major League Baseball 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. Detroit radio personality Lauren Crocker signs a new contract with Cumulus Media’s hot AC WDVD where she’s co-host of the ‘Blaine Fowler Morning Show.” She joined the program in 2015. Program director Robby Bridges says, “It sounds clichéd, but it is the absolute truth. When Lauren first walked in and interviewed with me seven years ago, I knew then she was going to be a superstar. To see her flourish as co-host of ‘The Blaine Fowler Morning Show’ alongside Blaine and Matty, become a fixture in the Detroit market, work with local charities and appear on ‘Dish Nation’ and WDIV-TV’s ‘Live in the D’ is just terrific. Lauren’s star is still on the rise and I’m so glad she’ll be with us at Cumulus into the next decade!”…..In Chicago, Cumulus signs alternative WKQX personalities Walt Flakus and Lauren O’Neil to multi-year contracts. Flakus is assistant program director, music director, and evening personality. He’s been with WKQX since 2014. Midday personality O’Neil is entering her seventh year with the station. Cumulus Chicago VP and market manager Marv Nyren states, “There’s no greater joy than being able to work with incredibly talented people, and Walt and Lauren are two of the most creative, hard-working, and talented people I’ve had the privilege to work with. They are an essential part of what truly separates us from our competition every day. Together, Walt, Lauren and the entire staff make 101WKQX one-of-a-kind.”…..WBBM-FM, Chicago morning personality Kevin Buchar, a.k.a. DreX, is off the air as he recovers from complications that arose from a previous surgical procedure. In the interim, co-host Nina and producer Gabe Ramirez are handling the show duties…..Colorado Springs classic rock KKFM “Classic Rock 98” appoints Jonathan “J.P.” Peletis afternoon drive host and promotions director. Cumulus Media Colorado Springs operations manager Bobby Irwin says, “J.P. brings to KKFM and our station cluster an awesome mix of radio rock show, digital marketing and promotions experience, with passion for the Colorado lifestyle.”…..Longport Media agrees to sell Atlantic City CHR WWAC “AC 102.7” to Educational Media Foundation for $570,000. EMF will convert the station into a non-profit and flip it to a Christian music format…..iHeartMedia and MediaLink combined to host the seventh annual intimate VIP Dinner in Antibes, France during the Cannes Lions International Festival of Creativity. On Tuesday evening (6/19), the VIP Dinner included a special performance by Jon Bon Jovi. Attendees included corporate officers from such firms as Unilever, AT&T, Google, Vivendi, Conde Nast and others. Katie Couric and Ryan Seacrest were also in attendance. Picture below are (from l-r): Gayle Troberman, chief marketing officer for iHeartMedia; Tom Poleman, chief programming officer for iHeartMedia; Rich Bressler, president, COO and CFO of iHeartMedia; Jon Bon Jovi; John Sykes, president of entertainment enterprises for iHeartMedia; Bob Pittman, chairman and CEO of iHeartMedia; and Tim Castelli, president of national sales and marketing partnerships for iHeartMedia.