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Tuesday, August 3, 2021

| August 3, 2021

Townsquare Media 2021 Second Quarter Net Revenue Up 45%. The company releases financial data for the second quarter of 2021 and reports net revenue was $107.3 million, an increase of 45% over the same period in 2020. Townsquare Media says it achieved 99.4% of Q2 2019’s net revenue when excluding Live Events net revenue. Total digital revenue growth was up 36% year over year and contributed approximately 47% of the company’s total net revenue in the first six months of 2021. Townsquare CEO Bill Wilson says, “Over the next three years, we expect double-digit digital net revenue growth to continue, fueling the growth of our digital platform from $180 million of revenue (on a trailing twelve-month basis as of June 30, 2021) to $250 million. Most impressively, I am extremely proud to report that Townsquare’s second quarter Adjusted EBITDA of $30.3 million not only exceeded our expectations, our previously stated guidance, and 2019 levels (+1% vs. Q2 2019), but it was also the highest Adjusted EBITDA generated in any single quarter in Townsquare’s history. To accomplish this strong result only one year after the start of the pandemic is a testament to the strength of the Townsquare team, our digital platform and solutions for local businesses, and our careful expense management efforts.” Wilson adds, “As a Digital First Company, our digital revenue and profit growth has accelerated, driving the diversification of our business, total company growth and separation from our local competition. I am incredibly optimistic about Townsquare’s future, and very proud that we are on the path to achieving 2019’s Adjusted EBITDA in 2021, on the verge of a full revenue recovery in 2021, and plan on delivering strong revenue and profit growth in 2022.” Townsquare reports in three segments: Townsquare Interactive – its digital marketing solutions subscription business; Advertising – including broadcast and digital advertising products and solutions; and Live Events – including concerts, expositions and other experiential events. Advertising net revenue for Q2 of this year was $85.9 million, an increase of 50.4% over the same period in 2020. The company also reports net income of $10.1 million compared to the net loss of $28.9 million it posted during the same period a year ago. As of June 30, 2021, Townsquare had a total of $25.1 million of cash and cash equivalents and $550 million of outstanding indebtedness.

Jeff Rickard Named Brand Manager for WEEI, Boston; Ken Laird Promoted to Assistant Brand Manager. Boston sports talk outlet WEEI announces that Jeff Rickard is joining the station as brand manager, effective August 11. Audacy says that in this role, Rickard will oversee content operations for WEEI-FM and the WEEI radio network that spans the New England region. Rickard was most recently PD and morning host at Emmis Communications’ WFNI-AM, Indianapolis. During his career, Rickard spent almost 10 years in Bristol, Connecticut hosting ESPN Radio’s “Gamenight” program and served with Comcast as managing editor and anchor of the Boston-based “Out of Bounds Latenight” show. Rickard has also hosted shows regularly for numerous SiriusXM channels including: NFL Radio, ESPNU, MLB Network Radio, and Mad Dog Sports Radio. He has served as the host of NFL Radio’s “The Sunday Kickoff” during the NFL season for the past five years and is the host of “College Football Overtime” on ESPNU. He says, “Having worked in sports radio for virtually my entire career, I am thrilled to join the team at WEEI. Its rich history is well documented as is the unmatched passion of the Boston sports fan. I’m looking forward to pairing this talented team with fresh, new ideas to both reflect and match that passion.” At the same time, WEEI executive producer Ken Laird is being promoted to assistant brand manager. He’ll continue his role as update anchor and executive producer of the morning drive “Greg Hill Show.”

Ramsey Network Unveils New Podcast, ‘The Fine Print.’ The newest podcast from Ramsey Network is a show that shines a spotlight on the deceptive methods companies, marketers and scammers use to influence money decisions. ‘The Fine Print’ is hosted by Ramsey personality George Kamel and is “a bi-weekly show featuring interviews with experts and industry insiders about the money traps and trends keeping people broke.” Ramsey Solutions CEO and “The Ramsey Show” host Dave Ramsey says, “For 30 years, I’ve heard the pain in people’s voices when they call into the radio show because of a money trap that’s left them in a world of hurt. What if we could prevent that pain by empowering people to avoid the trap in the first place? That’s what ‘The Fine Print’ does. George educates listeners to recognize and steer clear of money minefields so they can be the heroes of their own stories.” Episodes of the podcast include: How TurboTax Is Screwing You; Could Bitcoin Be Your Ticket To Wealth?; The True Cost of Credit Card Rewards; The Dirty Truth Behind Your Credit Score; and How the Robinhood App Steals from the Rich AND the Poor. Find out more here.

LiveXLive and PodcastOne Announces Podcast Competition. This competition is called “Self Made Podcast Edition” and is “an audio competition to find the next big podcast star for PodcastOne.” The company says the competition will be driven by fans and PodcastOne’s panel of judges, as they listen to see who will take the top prize, a podcasting contract with PodcastOne and a total package worth over $100,000 including promotion across the network which features a roster of celebrity podcasters, including Adam Carolla, Kaitlyn Bristowe, Barbara Schroeder, Michael Irvin, and Jordan Harbinger.” The contest kicks off today (8/3) and is open to amateur podcasters only. The winner of “Self Made Podcast Edition” will be crowned on September 30, 2021 – International Podcast Day. PodcastOne president Kit Gray says, “There are so many wonderfully creative and innovative podcasters out there. We’re excited to be able to offer someone the opportunity to make their dreams of becoming a self-made podcast host come true.” Learn more here.

SiriusXM to Unveil Lucille Ball’s ‘Lost’ Radio Show on New Channel. The legendary comedienne is the star of the new SiriusXM channel called, “Let’s Talk to Lucy,” named after her 1960s CBS Radio program. SiriusXM says, “In between starring in four television series and more than 70 films, Lucy would frequently jump from set to set, tape recorder in hand, and talk about all aspects of life with some of the biggest names in Hollywood history, including Bing Crosby, Bob Hope, Dean Martin, Carol Burnett, Frank Sinatra, Barbra Streisand, and dozens more. These recordings eventually made it onto air when CBS Radio broadcast them as ‘Let’s Talk to Lucy’ from 1964-1965. However, for the last 50-plus years they’ve never been heard publicly again – until now.” Ball’s daughter Lucy Arnaz says, “Although I have been care-taking these ancient tapes for over 30 years, I had never really listened to them all and had no idea how many remarkable people Mom had talked to on these radio shows. It’s a treasure trove of personal information from some of the greatest talents of American entertainment and my family and I can’t wait to share them with the rest of the planet.”

TALKERS News Notes. Tomorrow evening (8/4), a debate among a number of the candidates running to replace California Governor Gavin Newsom in the September 14 recall election will will take place and Salem Radio Network is distributing the event nationally. It’s taking place from 9:00 pm to 10:30 pm ET at the Richard Nixon Presidential Library and Museum in Yorba Linda, California. SRN host Hugh Hewitt – who serves as president of the Richard Nixon Foundation – will moderate the debate along with panelists Christine Devine and Elex Michaelson of KTTV-TV, Los Angeles “FOX 11 News” and former U.S. National Security Adviser Ambassador Robert C. O’Brien. Special radio coverage will be anchored by KRLA, Los Angeles morning host Jennifer Horn and KRLA news anchor Larry Marino. SRN host and candidate Larry Elder is declining to take part saying his goal is “defeating Gavin Newsom not appearing in a circular firing squad with other Republicans.”…..Westwood One is expanding the role of sports media pro Rich Eisen within the network to include pregame and halftime hosting duties for “Monday Night Football on Westwood One.” The Monday night schedule kicks off on September 13, when the Baltimore Ravens visit the Las Vegas Raiders and concludes on January 3, 2022, when the Cleveland Browns battle the Pittsburgh Steelers. Eisen says, “‘Monday Night Football on Westwood One’ is one of the greatest hosting gigs in broadcasting and I’m honored to have the seat. The fact that I can expand my partnership with Westwood One beyond my daily show and podcast platform by talking even more football thrills me to no end.”…..The application window for programming candidates interested in applying to the “Elevating Women in Audio: MIW & BDSradio Mentorship” is being extended through Tuesday, August 10.  The “Elevating Women in Audio: MIW & BDSradio Mentorship” program is a year-long experience for women in music programming, provided by Mentoring and Inspiring Women in Radio and MRC Data (formerly Nielsen Music). Personalized conversations with the best programming minds in the business are geared to help advance a career within the radio/audio industry. Additionally, the mentee receives a scholarship to attend Radio Show 2021 this October in Las Vegas. The mentorship is available to one female brand manager, content/program director, assistant program director, and/or music director from any U.S. based music format. To apply, click here…..The popular finance and investing podcast “Pennies: Going in Raw,” hosted by Hugh Henne and Dan, the Deity of Dips, is now a part of the iHeartPodcast Network. iHeartMedia says, “With more than 2.3 million downloads, the podcast takes an exciting and informative spin on stock market topics like day trading strategies, volume, price targets, penny stocks, accumulation, reverse splits and much more. The show also features a range of guests from young, successful traders to the leaders of multi-billion-dollar companies, such as Netflix co-founder Marc Randolph, and CEO and founder of HimsAndrew Dudman…..Today through Thursday, WHO, Des Moines afternoon drive talk host Simon Conway (left) is pulling double duty as he fills in for Joe “Pags” Pagliarulo (right) on his Compass Media Networks nationally syndicated program. Conway’s WHO show is also heard on iHeartMedia’s WMT, Cedar Rapids and WOC, Davenport, Iowa…..iHeartMedia Pittsburgh’s Steelers Radio Network announces changes to its broadcast team. As part of the changes, Craig Wolfley, a former Steelers offensive lineman who has served as a sideline analyst on the Steelers game day broadcast since 2002, will join play-by-play announcer Bill Hillgrove in the broadcast booth as color analyst. Wolfley takes over for Tunch Ilkin, who retired after 23 seasons in the booth. Former Steelers offensive lineman Max Starks is joining Missi Matthews for sideline reports. He recently served as a sideline reporter for Westwood One. Starks will also join Wolfley as co-host of “In The Locker Room, Presented By Neighborhood Ford Store,” a daily, in-season radio program airing on Steelers Nation Radio.

COVID-19 Delta Variant and Masks, Eviction Ban Expires, January 6 Investigation, Voting Rights, Southern Border Policy, Infrastructure Bill, and Olympics Among Top News/Talk Stories Yesterday (8/2). The rising rate of COVID-19 Delta variant cases in the U.S. and abroad and the issue of mask mandates; the White House puts the onus on states as the federal ban on evictions expires; the investigation into the January 6 Capitol attack and the suicide of Capitol police officer Kyle DeFreytag; today’s planned DC rally supporting the For the People voting rights bill; the Biden administration continues the Trump administration policy of deporting illegal migrants; the $1 trillion bi-partisan infrastructure bill; and Simone Biles returns to the Olympics to win bronze in the balance beam were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Wednesday, June 30, 2021

| June 30, 2021

TALKERS 2021 Conference Video Posted – “Welcome to the ‘20s” and “A Fireside Chat with Bill O’Reilly.” The third video, under the direction of Art Vuolo, from the TALKERS 2021 Conference that took place at Hofstra University on June 11 is posted. This installment contains two consecutive sessions conducted by TALKERS founder Michael Harrison. The first segment features a greeting from Harrison in which he reflects upon his 54-year career in radio and his view of the state of the industry. The second segment features a one-on-one conversation (“fireside chat”) he conducted with Key Networks commentator and talk media icon, Bill O’Reilly. Both segments are chock full of interesting and productive takeaways. TALKERS will be posting a new video from TALKERS 2021 each business day until all 10 are archived and available for on-demand viewing.

Townsquare Media Consolidates Digital and Programming Teams; Jared Willig Named Chief Content Officer. Leading the newly consolidated radio and digital platforms is Jared Willig, who has been serving Townsquare Media as digital leader. In his new role as chief content officer, Willig will oversee all content for the company across all its radio and digital platforms and consumer touchpoints, including all platforms for 322 local radio stations, over 350 local websites and mobile apps, and national music and entertainment brands XXL Magazine, Taste Of Country, Loudwire, Ultimate Classic Rock, ScreenCrush, and PopCrush. He will also continue to oversee AMPED, the monetization of the digital platforms of the company’s owned and operated local and national brands. Willig will oversee the newly created Townsquare content team, consisting of team members with varied expertise across platforms, formats and disciplines, in order to drive the company’s 360-degree strategy in radio, digital, on demand, mobile apps, social, and video. Additionally, longtime Townsquare radio programming head Kurt Johnson expands his role across all media to become SVP, content and programming, while continuing to lead the company’s music industry relations. Jackie Corley, who had been overseeing Townsquare’s digital content team, also widens her purview to become the VP of local content and programming. Willig says, “For over 10 years now, I’ve had the great privilege of running Townsquare’s digital content strategy and operations, and while our company is Digital First, radio has always been at our core. So, by merging all platforms into one content team, we are simply making official what we’ve already been doing for over a decade. There is no better programmer in the industry than Kurt Johnson, and no better local digital content expert than Jackie Corley, so with their expanded roles, I couldn’t be more excited and confident for our continued success in audience and brand growth across all forms of media.”

Lee Habeeb’s ‘Our American Stories’ Joins Premiere Networks. The nationally syndicated “Our American Stories” franchise is joining the Premiere Networks radio lineup, effective August 2. The program, created and hosted by radio pro Lee Habeeb, will continue to be available to stations Monday through Friday for two hours to air between 7:00 pm and 12:00 midnight. Additionally, the show will feature separate two-hour Saturday and Sunday options for weekend clearance. “Our American Stories” will also be available as a podcast on the iHeartRadio Podcast Network. The program is currently heard on some 200 affiliate stations across the country. Habeeb says, “We have spent the last five years telling stories about all that is good and decent in America, and why millions of people from around the world still wish to call our country home. The show has grown because Americans want more than conflict and bad news: they crave positive, redemptive stories from our past and present – many from our listeners – that lift their spirits and inspire them, and that’s what we do each and every day on our show.” Premiere Networks president Julie Talbott adds, “We’re excited to offer this entertaining and compelling program to even more stations nationwide. Lee and his team are masterful storytellers and they’ve created a unique and inspiring program that resonates widely with audiences.”

WEEI, Boston’s Glenn Ordway Retires from Afternoon Show. Boston sports radio personality Glenn Ordway – one of the architects of the station when it flipped to sports in 1991 – announces he’s retiring from the afternoon drive show after 34 years. Ordway will leave the show he currently hosts with Christian Fauria and Lou Merloni but will remain with the Audacy station as host of “The Real Post Game Show” following every Patriots’ game in the fall, in addition to making other station appearances and developing a podcast. He says, “To be able to do something I’ve loved doing daily for nearly five decades has been a blessing, but to do it in the best sports city during the best championship run in the history of sports…what more can you ask for. I’ve had the opportunity over the years to do it with some of the best talent in the business on a legendary radio station. Though I’m walking away from the daily hosting role, I’m excited about new opportunities and my continued presence at WEEI and maybe a little free time every once in a while.” Audacy regional president Mark Hannon says, “Glenn has been an ever-present force at WEEI, both on air and off air, for over three decades. He was the station’s first program director and oversaw some of the most dominant years in Boston radio. He has been an enduring on-air presence and has been side-by-side talking to Boston sports fans through the best and worst times. Glenn will go down as one of the most influential players in sports radio format history, and thankfully his presence will continue on the station into the future.”

Bill O’Reilly Announces New Book, Killing the Killers. The next book in Bill O’Reilly’s “Killing” series is slated for release in November and it titled, KILLING THE KILLERS: The
Secret War Against Terrorists
(St. Martin’s Press, 2021). Co-authored with Martin Dugard, this 11th book in the series “reports on America’s intense global war and manhunt against the terrorist extremists that not only carried out the attacks on 9/11 but also executed hundreds of others both on American soil and globally. The authors trace America’s efforts to defeat Al Qaeda and ISIS worldwide. In addition, O’Reilly and Dugard have gained access to top secret national security documents as well as interviewed the highest national security officials in the United States.” St. Martin’s says the current book in the “Killing” series, Killing the Mob, topped the New York Times hardcover nonfiction best-seller list for six weeks and sales of the series are approaching 19 million copies worldwide. O’Reilly’s radio program – “The O’Reilly Update” – is syndicated nationally via Key Networks.

Kim Komando’s Cryptocurrency 101 eBook Tops Amazon Best-Sellers List. The
new ebook Cryptocurrency 101 by digital technology radio host and entrepreneur Kim Komando hit the #1 position on Amazon’s Money & Monetary Policy best-seller list. According to Amazon, the book “breaks down the basics of the cryptocurrency boom. If you want to invest in cryptocurrency, it can be very complicated to know where to even begin. Kim goes through your options when it comes to buying and storing digital currency and gives you pro tips to keep you safe from hackers and scammers. In this quick, thorough guide, you’ll learn what you need to know to get started, the safe way.”

Salem’s David Santrella Elected NAB Joint Board Chair. Broadcasting executive David Santrella – president of broadcast media for Salem Media Group – has been elected chairman of the NAB Joint Board of Directors. He assumes the role previously held by Hearst Television, Inc. president Jordan Wertlieb. At the same time, Bill Wilson, chief executive officer of Townsquare Media Group, has been elected Radio Board chair by the NAB Radio Board. John Zimmer, president and owner of Zimmer Radio of Mid-Missouri, Inc., was elected Radio Board first vice chair, while Kevin Perry, vice president and chief operating officer of Perry Publishing and Broadcasting Company, was elected Radio Board second vice chair. Collin Jones, senior vice president of corporate development & strategy for Cumulus Media, was elected to the Radio Board’s major group representative seat on the NAB Board’s Executive Committee.

Newsmax Adds Eric Bolling to Talent Roster. Television host and best-selling author Eric Bolling joins the talent roster at Newsmax. Newsmax CEO Chris Ruddy says, “Eric Bolling is a consummate media professional who isn’t afraid to ask tough questions, get provocative answers and challenge establishment thinking. His background in business and politics separates him from the competition.” Bolling has begun his work with Newsmax as a guest host for shows and is slated to host a new program in July with details to be announced soon. Most recently, Bolling hosted “America This Week With Eric Bolling” airing on Sinclair Broadcast Group’s 200 television stations. He’s also served with FOX News Channel, having filled in for Bill O’Reilly and Sean Hannity. Bolling says, “Like myself, Newsmax is concerned with the direction that Big Tech and Big Corporate Media have taken journalism and our nation. I’m excited to join an organization that delivers programming you can trust.”

COVID-19, Condo Collapse, Northwest Heatwave, NYC Mayoral Voting Snafu, Big City Gun Violence Spike, House January 6 Investigation, and Bipartisan Infrastructure Deal Among Top News/Talk Stories Yesterday (6/29). The spread of the Delta variant of COVID-19, the rate of vaccinations in the U.S., and mask controversy; the search for victims of the Florida condo collapse and the building’s safety history; the deadly heatwave affecting the Pacific Northwest; the New York City mayoral race is hit by a voting counting problem; the spiking gun violence in America’s large cities; the U.S. House moves to investigate the January 6 Capitol attack; and the bipartisan infrastructure deal were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Monday, May 10, 2021

| May 10, 2021

Monday Memo: Was Rush the Format? As the American comeback unfolds, polls demonstrate widespread optimism. “Yet,” consultant Holland Cooke reckons, there’s “a day-after-day negativity, a wearying sameness, among the half-dozen hosts vying for the Rush Limbaugh hours” on his affiliate stations. And in this week’s column, Cooke warns against typecasting the format as political talk: “If we learned one thing during the pandemic shutdown, it’s people’s appetite for ‘survival information.’” Read his column here.

Pending Business: Why Buy? Sales and marketing pro Steve Lapa says that if you ask yourself the question: Why buy advertising on your station, you know the answers to this in your sleep. “Yet why do three different sellers give three different answers? It sounds silly, but even at the best run stations, large market or small, my experience is the answers vary a little too much.” He offers eight questions to ask yourself that will help you formulate the answers to that question: Why buy? Read it here.

Townsquare Media Q1 Net Revenue Down 5.1%; Digital Revenue Up 13%. Reporting its financial data for the first quarter of 2021, Townsquare Media reveals total net revenue was $88.8 million, a decline of 5.1% from the same period in 2020. The company’s net loss shrinks dramatically from $59.5 million in the first quarter of 2020 to $6.1 million in Q1 of 2021. Operating income also did an about-face, shrinking from a loss of $72.1 million in Q1 of 2020 to income of $8.8 million this year. Townsquare Media CEO Bill Wilson says, “We are extremely proud to report that Townsquare’s first quarter 2021 results approached, and in some cases exceeded, levels achieved in the pre-COVID first quarter of 2019, which surpassed our expectations and previously stated guidance. In the first quarter of 2021, net revenue declined -5% year over year, and -1.6% excluding political and Live Events net revenue. When excluding Live Events net revenue, first quarter net revenue increased +0.3% as compared to the first quarter of 2019. Total digital revenue growth accelerated to +13% year over year (+32% vs. Q1 2019), contributing nearly 49% of Townsquare’s total first quarter net revenue. Our digital revenue growth was fueled by Townsquare Interactive, our digital marketing solutions subscription business, Townsquare Ignite, our digital programming advertising platform, and Townsquare Amped, digital advertising on our owned and operated brands, which increased revenue year over year by +15%, +12%, and +11%, respectively. Impressively, TSI, Ignite, and Amped’s first quarter net revenue exceeded Q1 2019 revenue levels by +34%, +45%, and +15%, respectively. Over the next three years, we expect to grow our digital net revenue from $167 million (on a trailing twelve-month basis as of March 31, 2021) to $250 million. The strong growth of our digital revenue, together with our strong expense management, led to Adjusted EBITDA increasing nearly +30% over the prior year. I am especially proud to share that first quarter Adjusted EBITDA of $20.1 million is +$1.3 million, or +7%, higher than Q1 2019’s pro forma Adjusted EBITDA, and +$2.1 million, or +12%, higher when excluding profit from Live Events.”

The Mayor and the Mobster. Nationally syndicated Compass Media Networks talk star Joe “Pags” Pagliarulo scored an amazing one-hour double interview with former NYC Mayor Rudy Giuliani and former high-profile mobster Michael Franzese last week which he ran on Tuesday through Friday (5/4-7) as a four-part special series on his radio show titled, “The Mayor and the Mobster.” Giuliani prosecuted Franzese 40 years ago at a time when the two men were arch enemies. Much has changed since then in terms of their relationship. In a fascinating conversation about the nature of crime fighting, prosecution, and redemption, the two men have more than reconciled their differences as indicated in a wonderful interview conducted brilliantly by Pags. You can watch the entire 56-minute conversation captured on video by clicking here.

Missouri House Passes Bill to Make January 12 ‘Rush Limbaugh Day.’ The Missouri House of Representatives passed a bill last Thursday (5/6) that would make January 12 “Rush Limbaugh Day” in honor of the Cape Girardeau, Missouri native who died in February at age 70. The bill met with opposition from Democratic House members, including Rep. Ashley Bland Manlove who criticized Limbaugh for “constant attacks on Black people and other people of color,” according to a report by the AP. Republican Rep. Sara Walsh, a supporter of the bill, said, “Rush demonstrated courage to speak boldly and encouraged his listeners and viewers to reach for their dreams and to push onward beyond the naysayers and discouragers that we all encounter in life.” The bill must pass the Missouri Senate before it moves on to the governor’s office.

AdLarge and Sounds Profitable Partner for ‘Up Next – A Podcast UpFront.’ Audio ad sales network AdLarge Media partners with podcast ad tech publication Sounds Profitable to launch Up Next – A Podcast UpFront. The companies say that “embracing a ‘never-been-done-before’ concept, Up Next utilizes the podcast format to promote podcasting with two acclaimed industry leaders hosting the series, FRQNCY founder/CEO Michelle Khouri and Edison Research SVP, Tom Webster. The idea originated from a brainstorming session between the leadership team at AdLarge and Sounds Profitable and is NOT an event but rather a podcast series specifically designed to showcase the multiple facets of the podcast industry including publishers, networks, content producers, and more. No special invitation required to listen to the podcasts, they are available to everyone.” In the first season of the Up Next series, AdLarge’s premiere episode focuses on the power of podcast advertising in addition to exploring the intriguing and valuable aspects of the podcasting world. The AdLarge season consists of six episodes, which also includes sample episodes from some of the most favored podcasts in the space today such as: “Crime Junkie,” “Swindled,” “The Hey Girl Podcast,” “The Trip,” and “Kill Me Now with Judy Gold.” AdLarge SVP, head of revenue operations & digital sales Ilwira Marciszek says, “It’s crazy that no one thought of this earlier. We know podcasts get results. This is the perfect way to get in front of people on their own time. I’m beyond thrilled to use the medium we’re selling to showcase the power of podcasting.” You can learn more here.

Broadcasters Foundation of America Seeks Donations to Counter Lost Fundraising Events. The Broadcasters Foundation of America is in need of donations to counter the loss of funds from major fundraising events that were cancelled due to the coronavirus pandemic. A 501(c)3 charity, the BFoA is the only organization dedicated exclusively to providing financial aid to broadcasters and their families whose lives have been upended by debilitating illness, accident, or catastrophe. BFoA chairman Scott Herman says, “In its more than 70 years of existence, the Broadcasters Foundation has provided financial assistance to every broadcaster who qualified, and we want to continue that track record. These men and women are our colleagues, and unthinkable tragedy has left them unable to work. We cannot turn our backs on them.” Cancelled fundraisers for the Broadcasters Foundation include the Celebrity Golf Tournament, the Golden Mike Award, and the Philip J. Lombardo Charity Golf Tournament. Personal and corporate donations can be made here.

COVID-19, GOP vs Cheney, Rising Consumer Goods Prices, Weekend Gun Deaths in U.S., Gas Pipeline Hack, Biden’s Infrastructure Plan, Afghanistan Girls School Bombing, and Arabian Sea Arms Seizure Among Top News/Talk Stories Over the Weekend. The rate of COVID-19 cases in the U.S., vaccine hesitancy, and the outbreak in India; U.S. Rep. Liz Cheney faces losing her GOP leadership role for not carrying the stolen election banner; concerns about the fast-rising prices of gas and consumer goods; the slaying of six at a Colorado Springs birthday party and numerous other gun deaths over the weekend; the hacking of a gas pipeline by Russia-based operatives; President Joe Biden to push his infrastructure plan this week; the bombing at a girls school in Afghanistan that killed 85 people; and the U.S. Navy seizes a large weapons cache in the Arabian Sea were some of the most-talked-about stories on news/talk radio over the weekend, according to ongoing research from TALKERS magazine.

Michael Harrison Animal Welfare Music Video Going Viral on YouTube. The animal welfare anthem “I Know You’re Real” that appears on the new Gunhill Road album What Year Is This! has been picking up an accelerating number of views this past week – approximately 1,400 per day – solely based thus far on radio interviews. The song’s lyrics, penned by Michael Harrison and recited by him on the recording and video, discuss the metaphysical nature of the relationship between humans and animals as well as the connectedness of all sentient life forms to the universe at large. The video, described by talk media host Thom Hartmann as “a masterpiece,” displays a fascinating array of photos and video clips depicting animals – domestic and wild – and cosmic images. Harrison recently became a regular working member of the legendary NYC-based band that has been around since the late 1960s. To book Harrison to appear as a guest talking about animal welfare, cosmic consciousness, and the golden days of FM rock radio, please contact him directly at michael@talkers.com or call Barbara Kurland at TALKERS at 413-565-5413.  To view the video, please click here.

Wednesday, March 10, 2021

| March 10, 2021

Entercom Renews with Bloomberg News for Service to All-News and News/Talk Stations. The extension of this companywide deal between syndicator Key Networks, business news provider Bloomberg Radio and Entercom Communications keeps Bloomberg Radio’s business and consumer news on the majority of Entercom’s 26 all-news and news/talk stations, including 1010 WINS in New York, KNX-AM in Los Angeles, WBBM Newsradio in Chicago, and more. Under the new agreement, Bloomberg Radio will continue to provide Entercom stations with access to its world-class news content, including live, customized reports, “Bloomberg Money Minutes,” and Bloomberg specialty features including: “Bloomberg Business of Sports,” “Green Report,” “Small Business Report,” “Real Estate Report,” and more. Entercom vice president of news Bill Smee says, “As the unrivaled leader in local news radio, powered by some of the most iconic brands across the country, we’re proud to extend our partnership with Bloomberg Radio. Our news stations are committed to serving as a trusted source of vital information for our millions of listeners, and this partnership will continue to enhance the content they turn to on a daily basis.” Key Networks chief revenue officer Dennis Green adds, “It is a privilege to bring the most in-depth business and financial news reports to Entercom stations that are best in class from coast to coast. This partnership brings Bloomberg-created content to listeners and advertisers and we look forward to building on this successful partnership with Entercom.”

Townsquare Media Repurchases Oaktree Capital Management’s Stake in Company. Spending $80.4 million in cash, Townsquare Media, Inc repurchases the entirety of Oaktree Capital Management L.P.’s 12.6 million shares and warrants of the company at $6.40 per security and retires those securities. Townsquare repurchases 100% of Oaktree’s 12.6 million shares and warrants, comprising 1.6 million shares of Class A common stock, 2.2 million shares of Class B common stock, and 8.8 million warrants. The purchase price of $6.40 per security reflects a 39% discount to the closing price of the Class A common stock on Tuesday, March 9, 2021, and a 19% discount to the pre-announcement share price. In addition, Townsquare will pay Oaktree a $4.5 million consent fee related to the transaction in four installments, the first of which is due on April 1, 2021. Following the repurchase, Townsquare has approximately 16 million securities outstanding, inclusive of common stock and warrants. Townsquare CEO Bill Wilson says, “We could not be more pleased to share that given our strong cash position, we were able to repurchase 100% of Oaktree’s ownership interests in Townsquare, capturing a strong return for our shareholders. This is a beneficial transaction for our investors and the company. The Oaktree share repurchase is significantly accretive on an earnings per share and free cash flow per share basis in 2021, and entirely eliminates Oaktree’s ownership overhang for current and potential shareholders. We thank Oaktree for their long-term support of our company. We look forward to discussing our fourth quarter and year-end 2020 results as well as our first quarter 2021 outlook on our earnings call next week.”

Appleton Rock Station Fires Host for Limbaugh Comments. Rock WAPL-FM, Appleton, Wisconsin has fired longtime morning drive co-host Len Nelson, two weeks after it suspended him for a social media post in which, after opining about Rush Limbaugh’s effect on conservative politics, he closed with the statement “the world is a better place without Rush Limbaugh.” Nelson announced his dismissal with the following Facebook post: “My longtime WAPL radio partner, Rick McNeal, posted some nice words which I’m sharing here regarding my firing today and about our years together. I could not have asked for a better person, nor one more funny than he to have worked with. I am sad that it ends this way and that it puts so much pressure on Rick and the rest of my coworkers. But Rick is resilient, and our fans should rally to him as so many of you have rallied to me. Like I said in my previous post here, none of the air and sales staffs should be blamed for any of this. I put them in this situation, and I will regret that forever. As listeners and advertisers, you can make your own decisions but, in the end, WAPL and Woodward Radio Group are made up of lots of fine people with whom I shared decades of fun and profit. That hasn’t changed. Give them the respect they deserve and give Rick and Carol and whomever else will comprise the new morning crew a chance to entertain you and to serve you as clients. I know Rick is up to the challenge as is the rest of the WAPL team. Very little individual success ever happens without a team effort and I was fortunate to have a great team on which to play. I sincerely thank each of them for that.”

WABC, New York Officially Announces Greg Kelly Joins Station. In a move that was first revealed in the New York Post, Red Apple Media’s news/talk WABC, New York brings Greg Kelly aboard to host the station’s 1:00 pm to 3:00 pm program. Kelly is also host of the 7:00 pm ET “Greg Kelly Reports” program on Newsmax TV.  Kelly is a former U.S. Marine who has served with television outlets NY1 and WNYW-TV “Fox 5 News” in New York. Red Apple Media CEO John Catsimatidis says, “Greg Kelly is a broadcast veteran with a tremendous portfolio of experience in media. He is dynamic on the air, entertaining, and will bring listeners what they want to hear in a style that is uniquely his own. Greg Kelly is a terrific addition to our daytime radio programming and will bring along with him a loyal audience who appreciates his perspective on the political current events. We are happy to have him aboard.” Kelly is filling in for Curtis Sliwa, who is running for mayor of New York. Regarding Sliwa’s status with WABC, the station previously said, “77 WABC celebrates what is great about America. We support our democracy and our right to vote, fair elections, and the American process. It is with that in mind that, while Curtis Sliwa is a candidate for the Office of the Mayor of New York City, his radio show, podcast, and all related contributions to 77 WABC Radio are on hiatus.” Catsimatidis added, “WABC recently received notice that a longtime member of our WABC family, Curtis Sliwa, is officially running for mayor. Therefore, Curtis is currently on leave pending his mayoral bid. We wish him and all of the candidates good luck in the upcoming race. If Curtis is not successful, we look forward to him rejoining the WABC family.”

Entercom Announces Acquisition of Podcorn. This transaction puts the value of Podcorn at $22.5 million with an upfront cash payment of $14.6 million and a performance-based earnout over the next three years. Podcorn is a self-service marketplace that allows podcasters to connect with advertisers for native sponsorships. Entercom chairman, president, and CEO David Field says, “The acquisition of Podcorn expands Entercom’s product offering for advertisers and builds on our position as one of the country’s three largest podcast publishers and the #1 creator of original, premium audio content. By making it easier for brands to collaborate with targeted podcast creators of all sizes, we are addressing an important market opportunity in the fastest growing segment of media.” Podcorn’s marketplace includes nearly 40,000 creators and has facilitated thousands of podcast ad campaigns. Podcorn creates an infrastructure for enabling direct podcaster and advertiser relationships, surfacing the most relevant matches to scale native branded content, drive higher ROI for brands, and enhance how podcast creators monetize their content. Podcorn was founded by Agnes Kozera and David Kierzkowski following the successful acquisition by Google of their previous company FameBit, a marketplace for video influencers where brands and YouTube stars collaborated for branded content. Kozera and Kierzkowski will continue to lead Podcorn, joining Entercom’s leadership team. Kozera says, “Given the success that podcasters and brands have seen on Podcorn, we’re excited to join Entercom’s growing audio platform to accelerate our vision and help brands and podcasters succeed in an even bigger way. Together, we hope to provide the most effective podcast influencer marketing solution for brands and become the largest driver of brand deals for podcasters of all sizes.” Entercom chief digital officer J.D. Crowley adds, “Remarkably, only a fraction of podcasts generate revenue. We want to change that. Bringing together independent creators, chart-topping talent, and advertisers under one roof – and providing the tools to streamline collaboration, transparency and efficiency – provides greater value for advertisers, creators and listeners alike.”

TALKERS News Notes. The nationally syndicated “John Batchelor Show,” emanating from Red Apple Media’s WABC, New York, leaves Westwood One and is now being syndicated by CBS News. There’s not much information available as this was done quietly, but Batchelor affiliate stations tell TALKERS magazine the change happened earlier this week…..Twin Cities radio personality, sports writer and producer Dana Wessel is joining Cumulus Media’s active rock KXXR “93X” as executive producer of the “Half-Assed Morning Show.” Wessel previously served with iHeartMedia’s sports talk KXFN-FM “K-FAN,” and Hubbard Radio’s KSTP-AM…..SiriusXM announces that “Information Overload with Vernon Reid” launches on Friday (3/12) on the Volume channel. On the monthly program, musician and Living Colour guitarist Reid sits down with artists, authors, and celebrities to explore how the power of music can help in healing and creating change. Reid will explore topics from racism and social unrest to cultural moments and the onslaught of information and misinformation in social media.

COVID-19 Stats & Vaccines, Relaxed Mandates & School Openings, Stimulus Package, Andrew Cuomo Sexual Harassment Allegations, U.S. Border Chaos, Newsom Recall, and British Royals Interview Aftermath Among Top News/Talk Stories Yesterday (3/9). The number of positive COVID cases in the U.S., concerns about variants, and the rollout of vaccines; the several states relaxing mask and occupancy mandates and the push for full school openings; Joe Biden’s $1.9 trillion stimulus package goes back to the House; the growing number of allegations of sexual harassment against New York Governor Andrew Cuomo; the growing migrant chaos at the U.S.-Mexico border; the recall effort against California Governor Gavin Newsom; and the aftermath of Prince Harry and Duchess Meghan’s interview with Oprah were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Wednesday, January 13, 2021

| January 13, 2021

Detroit Talk Radio Legend Frank Beckmann to Retire. Detroit radio personality Frank Beckmann will retire from Cumulus Media’s WJR-AM on March 26, wrapping a 48-year career with the heritage Motor City station. Beckmann has hosted the 9:00 am to 12:00 noon program on WJR for the past 18 years. During his career, he’s broadcast play-by-play for all four of Detroit’s professional sports teams and is credited for creating the market’s first sports talk program, “Sportswrap,” in 1981. Beckmann joined WJR in 1972. In 1981, he succeeded Bob Ufer as the University of Michigan football play-by-play announcer, a position he held for 33 seasons. Beckmann says, “I will be forever grateful to WJR for helping all of my boyhood dreams to come true. As a youngster growing up on the east side of Detroit, I always imagined sitting behind a microphone, announcing Lions and Tigers games. It was surreal for me to actually have been able to do that, along with experiencing the other great opportunities this radio giant known as WJR provided me. I only hope I’ve met some of the expectations of me, and I thank every person I’ve worked for, or with, at WJR… My co-workers and our clients are not only my friends; they are my family. I’d like to thank them, along with our loyal audience. Without their support, I would not have had this run. Finally, I’d like to give thanks to my family: my wife, Karen, son Jon, and daughter Tori, for the selfless sacrifices they’ve made through the years. And now that my professional sunset beckons, and while I say so long to my job, I say thanks to all of you for making my career and life more complete. My best wishes to my WJR colleagues and listeners.”

CES2021: “Eat, Drink, Play, Pay – Will We Ever be the Same?” Like many other events, the Consumer Electronics Show has gone virtual. Confessing that he misses the perennial January in Las Vegas trek, consultant Holland Cooke writes, “This session alone would have been worth the trip!” In today’s column: Data from a recent Harris Poll/MasterCard joint study about the pandemic shutdown’s impact on commerce. Four trends that on-air content should address and our advertisers’ messages should exploit. Read it here.

SRN News and TOWNHALL News Providing Coverage of Impeachment Debate. When the U.S. House of Representatives begins debate today over the Democrats’ Article of Impeachment against President Donald Trump, Salem Radio Network News and TOWNHALL News will provide unanchored, live coverage. SRN News begins coverage at 9:00 am ET and that will continue for an undetermined amount of time. Salem Radio Network says this live coverage is part of the Salem Radio Network’s ongoing commitment to provide O&Os and affiliates with complete coverage of breaking news 24/7.

KFI, Los Angeles Produces New Documentary on Kobe Bryant. Los Angeles news/talk KFI and correspondent Steve Gregory are launching a new iHeartRadio Original News Documentary and Podcast, “The Death and Life of Kobe Bryant.” This two-hour documentary will air Sunday, January 24, from 4:00 pm to 6:00 pm on KFI-AM 640 and will be syndicated across iHeartMedia’s 24/7 News radio affiliates. The limited, eight-episode companion podcast will also debut on January 24 and be distributed via the iHeartPodcast Network and can be heard on iHeartRadio and everywhere podcasts are available. It includes interviews and audio excerpts from live news coverage surrounding the helicopter crash that killed Bryant, his daughter and several others and will explore the void Bryant’s death left in the business world and the Black community. Exclusive program content also includes the NTSB’s investigation and controversies surrounding the incident, including illegal photos taken at the crash site by law enforcement. “The Death and Life of Kobe Bryant” is produced and hosted by award-winning journalist Steve Gregory. The series is co-produced by the KFI-AM 640 news department, Jacob Gonzalez, and Eric Sklar.

Entercom Study: Audio Has Highest Consumer Engagement Level. A recent study by market research firm Alter Agents and neuroscience experts at Immersion, commissioned by Entercom, concludes that audio content connects and engages audiences at a much deeper level than other media types, forming emotional connections and capturing attention. Entercom is presenting the results of the study during a session at the virtual CES2021 show this week called “Amplified Audio Defining Engaged Impressions.” Entercom SVP, research and insights Idil Cakim says, “In an uncertain world, and a cluttered media environment, people are seeking new experiences and looking for mediums that provide trust and certainty. Our study found that audio not only captures attention and moves people on an emotional level, but also inspires action through a sense of community and belonging.” The study consisted of a survey of a nationally representative population of adults, coupled with a neuroscience study by Immersion of individuals from the major U.S markets of Chicago, New York and Los Angeles. Alter Agents compiled the data to result in an examination of consumer experiences with audio versus various other mediums such as TV, video, social, and pureplay platforms. The primary metric tracked in the study was immersion, a scientific measure of emotional connection and attention. Audio was found to have the highest level of immersion among all the platforms with a score of 57 out of 100. Entercom says additional key findings included that consumers are listening to or watching seven different media platforms in a given week; one-third of broadcast over-the-air listeners have taken action after hearing an advertisement or a host recommendation as part of a commercial or an audio show; and local audio content and host trust are the largest influencers of listenership.

AWMF Announces New Categories and Extended Deadline for 2021 Gracie Awards. The Alliance for Women in Media Foundation announces that the deadline to submit entries for the 46th Annual Gracie Awards at the regular rate has been extended until January 21. AWMF is also offering a further extended deadline of January 28 at an additional cost. The Gracie Awards, presented by the Alliance for Women in Media Foundation, celebrate programming and individual achievement by, for and about women in television, radio and digital media. Submissions from all facets of media are encouraged. The AWMF says that because of the tireless work and bravery of journalists covering the unprecedented events in the first two weeks of 2021, it has added 10 new categories specifically dedicated to January 2021 Frontline Special Reports for on-air talent and programming in television, radio and digital media. See the categories here. AWMF executive director Becky Brooks comments, “We know the circumstances of the past year led to delivering content to audiences in ways we never expected, which is why we are more committed than ever to honoring the remarkable work that has been created by, for and about women. As our biggest fundraiser of the year, the Gracie Awards enable the Alliance for Women in Media Foundation to deliver on its promise of furthering the connection, education and recognition of women in media, even during turbulent times.” The Gracie Awards Gala, previously scheduled for May 2021, has been postponed to September 20, 2021, and the Gracie Awards Luncheon, previously scheduled for June 2021, has been postponed to July 21, 2021.

TALKERS News Notes. Fresno news/talker KMJ-AM/FM helped raise more than $30,000 to combat human trafficking on Monday (1/11) – Human Trafficking Awareness Day in the U.S. The Cumulus Media station partnered with local non-profit Breaking The Chains for the fundraising event. KMJ general manager Patty Hixson says, “Our loyal listeners always amaze me how they generously step up for great causes, especially one like human trafficking which has brought so much heartbreak and violence into our community. Well done! We will not stop fighting.”…..At next week’s NobleCon17 – Noble Capital Markets’ Seventeenth Annual Investor Conference taking place on Tuesday (1/19) – Townsquare Media chief executive officer Bill Wilson will deliver a presentation at approximately 4:30 pm ET. The conference is virtual, with no cost, obligation or restrictions to attend…..CUMULUS MEDIA’s Westwood One – the official network radio partner of the NCAA – unveils its 2020-2021 broadcast schedule for coverage of 20 regular season men’s basketball games that begins with tonight’s Texas Tech at Texas contest and ends with the Final Four and National Championship games on April 3 and 5, 2021…..Cadence13, a part of Entercom’s Podcast Network, announces a partnership with bestselling author Sarah Knight for a weekly podcast based on her No F*cks Given Guides self-help book series (The Life-Changing Magic of Not Giving a F*ck, etc.). Her “No F*cks Given” podcast is a series of 30-minute episodes on topics ranging from getting organized and surviving the daily grind to making big life changes and improving your relationships with family and friends that debuts on January 26…..AdLarge Media makes its first foray into the international market in an agreement with The Podcast Exchange for exclusive Canadian ad sales representation of its cabana podcast portfolio. AdLarge co-CEO Cathy Czukas says, “Working closely with the team at TPX, we are opening the door to international revenue for cabana podcasts. We’re enthusiastic about the opportunities this brings to our podcast partners.”

Trump Impeachment/25th Amendment Push, Capitol Attack Investigation/Arrests, State Capitals Increase Security, COVID-19 Stats & Vaccines, Social Media and “Free Speech,” and U.S. Executes Lisa Montgomery Among Top News/Talk Stories Yesterday (1/12). The U.S. House plans to move forward with Articles of Impeachment against Donald Trump in the absence of invoking the 25th Amendment by Mike Pence; the federal investigation into the assault on the U.S. Capitol and the arrests of some of those involved; state capitals across the country prepare for possible future attacks; the fast-rising number of COVID-19 cases in the U.S. and the rollout of the vaccines; YouTube joins Twitter and Facebook in banning Donald Trump plus the battle between Parler and app stores as Americans debate the concept of “free speech”; and the U.S. executes Lisa Montgomery, the first woman to be executed in 70 years were some of the most-talked-about stories on news/talk radio according to ongoing research from TALKERS magazine.