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Tuesday, November 7, 2017

| November 7, 2017

Townsquare Media Reports Q3 Net Revenue Down 1%.  That 1% figure is also what Townsquare Media is down for the first nine months of 2017.  For the third quarter, the culprit wasn’t the Local Marketing Solutions segment (which includes radio).  That was up 1.7% (or 3% ex political).  The Entertainment segment (live events) was down 4.1%.  For the first nine months of the year, that segment is down 7%.  The company’s total third quarter net revenue was $164.1 million.  Co-CEO Bill Wilson states, “The highlight of Townsquare’s third quarter was, without a doubt, the strength of our Local Marketing Solutions segment, which delivered net revenue growth of 1.7%, and 3% excluding political revenue.  However, challenges in our smaller business segment, Entertainment, offset these strong results, resulting in an overall decline to net revenue, net income and Adjusted EBITDA of 1.0%, 9.9% and 11.1%, respectively.  Due to these challenges, we have begun a strategic review of our Entertainment business.”

Entercom Reveals New Management Structure.  Ahead of the closing of the EntercomCBS RADIO merger, a corporate memo from Entercom chief operating officer Weezie Kramer reveals the new management structure for the company.  First, in an effort to be consistent with the CBS management titles, Entercom market managers will hold the senior vice president titles and regional managers will carry the president title.  At the same time, Kramer announces that lineup of national regional presidents.  They are: Doug Abernethy for Miami, Orlando, Gainesville, Atlanta, Denver, Greensboro, Greenville, Charlotte, Houston, Austin, Richmond, and Norfolk; Susan Larkin for San Francisco, Sacramento, Riverside, and San Diego; Dave Alpert for Kansas City (where he remains market manager), St. Louis, Milwaukee, Madison, and Wichita; Mark Hannon for Washington, Buffalo, and Wilkes-Barre/Scranton (he’ll also be market manager for Boston); Brian Purdy for Las Vegas, New Orleans, Memphis and Chattanooga (he’ll remain Dallas market manager, as well); and president of sales operations and regional president Michael Doyle will oversee Cleveland, Detroit, Indianapolis, Minneapolis, Phoenix, Pittsburgh, Portland, Rochester, and Seattle.  Newly appointed market managers include Jimmy deCastro for Chicago, Keriann Worley for Miami, Bennett Zier for Virginia, Jeff Federman for Los Angeles, John Fullam for Denver, Bob Bollinger for San Diego, Jack Hutchison for Seattle, Lance Richard for Sacramento, Dan Kearney for Las Vegas, and Phil Zachary for Hartford, Providence and Springfield, Massachusetts.

George Noory to Be Inducted into St. Louis Media Hall of Fame.  Nationally syndicated talk radio star George Noory is being inducted as part of the 2018 class of the St. Louis Media Hall of Fame.  The class includes “legendary news reporters, editors, photographers, broadcasters, ground-breaking filmmakers, and shapers of public opinion.”  The St. Louis Media History Foundation says that the new inductees were selected “for their significant contributions to print and broadcast journalism, digital media, advertising, and public relations.  Noory, of course is syndicated via Premiere Networks on the “Coast to Coast AM” program.  In St. Louis, he also was the news director at KSDK-TV and hosted the late-night show at news/talk KTRS.  The induction ceremony takes place at a gala on Saturday, March 17, at St. Louis City Center hotel.

WMAL Diner Tour — Former Virginia Governor George Allen (center) is pictured above with joins WMAL’s “Mornings on The Mall” co-hosts Mary Walter (left) and Vince Coglianese (right) during Friday’s WMAL Diner Tour in advance of today’s Virginia Gubernatorial Election.  In addition to several political candidates, Mary and Vince were joined at the Metro 29 Diner in Arlington Virginia by veteran commentator Cal Thomas and “Voice of The Redskins” Larry Michael.

ESPN Syracuse Adds Local Sports Talk Show with Actor Daniel Baldwin.  Syracuse sports talker WTLA “ESPN Syracuse” announces the creation of a new, daily one-hour sports talk show featuring actor Daniel Baldwin as host with co-host Josh GrosventGalaxy Communications CEO Ed Levine says, “The Daniel Baldwin Show does not fit into the typical sports show mold.  Although Daniel knows every bit of his Xs and Os, he will weave stories in around the scores.  The show has a spontaneous and fun feel.  Think of it as intermission to your day of sports talk.”  The show is simulcast on WTLA-AM and W249BC at 97.7 FM from 3:00 pm to 4:00 pm.  Grosvent is also the host of “The Show” that airs mornings on sister rock station WKRL/WKLL “K-Rock.”

Craig Carton Speaks to USA Today.  Former WFAN, New York morning personality Craig Carton has broken his two-month media silence since being arrested and charged with wire fraud, securities fraud and conspiracy in early September.  He spoke exclusively with USA Today and, for obvious reasons, does not talk specifically about the case, but reiterates his innocence.  In the piece, close friend and New Jersey Governor Chris Christie stands up for Carton, saying he believes he is innocent.  Read the story here.

Texas Church Masssacre/Gun Control, Trump-Russia Investigation, Brazile Clinton Criticism, U.S.-North Korea Tensions, Saudi Corruption Arrests, Bird-Flipping Cyclist Fired, Virginia and New Jersey Governor Races, Weinstein Assault Cases, Comcast Internet Outages, NFL Attendance, Protests and Sunday Action Among Top News/Talk Stories Yesterday (11/6).  The slaying of 26 at a church in Sutherland Springs, Texas and the related issue of gun control; the Robert Mueller investigation into connections between the Trump campaign and Russian agents; Donna Brazile’s criticism of the Hillary Clinton campaign in her new book; President Trump’s trip to Asia and the tensions between the U.S. and North Korea; the spate of arrests of princes in a crackdown on corruption in Saudi Arabia; woman who flips off the Trump motorcade is fired from her job; the battle between Democrats and Republicans in the Virginia and New Jersey governor races; the New Yorker story alleging Harvey Weinstein used spies to investigate actresses and reporters aware of his sexual predation; Monday’s widespread loss of internet among Comcast customers; shrinking attendance at NFL stadiums, anthem protests and Sunday’s action were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

WPHT’s Rich Zeoli Broadcasts Philly Police Event — Afternoon drive personality Rich Zeoli is pictured above with all of the Philadelphia police officers who’ve been honored by the “Barbera Backs the Badge” program over the past year.  Barbera on the Boulevard is a family-run Philadelphia auto dealership that has donated more than $15,000 to the FOP Survivors Fund.  WPHT has been involved with the honoring of the deserving officers.

Emily Barr Named 2018 Golden Mic Award Recipient.  Next spring, television executive Emily Barr will receive the 2018 Golden Mike Award from The Broadcasters Foundation of America.  The Graham Media Group president and CEO will be honored at the BFoA’s annual black-tie gala at the Plaza Hotel in New York City on March 5.   BFoA chairman Dan Mason comments, “Emily is a consummate broadcaster, whose leadership and service to the industry and the communities that the Graham stations serve are commendable.  We are proud to honor her and recognize her accomplishments.”

 

 

Music Radio News and Career Moves.  Programming pro Shawn Stevens is joining Beasley Media Group’s Las Vegas operations to take on the program director position at country KYCE “102.7 The Coyote.”  Stevens has been with Cumulus Media’s country KUBL, Salt Lake City “K-Bull 93” for the past 20 years, most recently as program director and air personality.  Beasley Las Vegas operations manager John Candelaria comments, “We searched for a very long time to find the perfect PD fit for KCYE.  Shawn’s total understanding of the format, his vision for KCYE-FM and his friendly attitude is tailor-made for the Beasley Las Vegas culture.  Shawn brings a wealth of knowledge and with his leadership abilities, ‘102.7 The Coyote’ will continue to grow to new heights.”…..On Friday (11/10), iHeartMedia presents its exclusive “iHeartRadio reputation Album Release Party with Taylor Swift.”  Beginning at 12:00 midnight ET on November 10, iHeartRadio’s CHR and hot AC stations across the country will play a new track off of reputation at the top of every hour leading up to the hour-long, on-air special at 8:00 pm local time.  iHM says, “Fans will have a chance to hear directly from Taylor Swift as she introduces songs and exclusively discusses never-before-heard details about the making of the year’s most anticipated album.”…..Cumulus Media classic rock station KQRS, Minneapolis is presenting a special broadcast this Saturday (11/11) in honor of Veterans Day.  KQ’s “Military Takeover” begins Saturday morning with a series of guests, including World War II veterans, Purple Heart recipients, along with members of the Freedom Alliance and The Real Warriors.  Additionally, KQRS will talk with representatives from the American Legion discussing their “Shop, Ship & Share” initiative where consumers can donate needed items to the troops and have them shipped overseas during the holidays.  Each “honorary guest DJ” will receive a digital download of their radio show as a keepsake and to share with friends, family and military colleagues…..Cumulus Media, Westwood One and the 2017 CMA Awards are official radio partners for “The 51st Annual CMA Awards” and they will present radio stations across the country with five full hours of programming and exclusive content.  Cumulus Media/Westwood One are offering the “Countdown to the 2017 CMA Awards” program, anchored by Elaina Smith; the live radio simulcast of ABC-TV’s broadcast of the awards; and “The 2017 CMA Awards Wrap Up Show,” co-hosted by Shawn Parr and Elaina Smith.  All Cumulus country “NASH Nights Live” affiliates and NASH Icon stations will air the special coverage of the 2017 CMA Awards.

Wednesday, July 15, 2015

| July 15, 2015

EntercomMajor Market Swapping Among Entercom, LFM, Bonneville. Official settlement has been reached between Entercom Communications and the U.S. Department of Justice (DOJ) regarding Entercom’s acquisition of Lincoln Financial Media. The proposed transaction involving LFM properties in three markets was announced last December. Another player entered the mix, and as part of the DOJ resolution, Entercom gains entry into the second-largest market by exchanging four Denver stations with Bonneville. Somewhat resembling an MLB mega-swap conducted prior to baseball’s July 31 trading deadline, Entercom is cutting ties with adult contemporary KOSI “Continuous Lite Rock,” KYGO “#1 For New Country,” KKFNLincoln Financial Media “Sports Radio – The Fan,” and sports KEPN “The Zone” in exchange for Bonneville Los Angeles classic rocker KSWD “The Sound” and $5 million in additional consideration. After the dust settles, Entercom will have facilities in four (new for them) top 20 markets – Los Angeles, Atlanta, Miami, and San Diego. Leading their respective stations there – and all having the Entercom title of vice president and general manager are: Peter Burton (Los Angeles); Mike Fowler (Atlanta); Doug Abernethy (Miami); and Bob Bollinger (San Diego). Amy Griesheimer remains in place as vice president and general manager of Entercom Denver; she has been with the company since 2002. Entercom president and chief executive officer David Field comments, “We are delighted to be moving forward on our long-delayed acquisition of Lincoln Financial Media and adding their terrific brands, markets, and people to our organization. We are also very excited to be acquiring ‘The Sound,’ the fastest growing radio station in Los Angeles, through our station exchange with Bonneville. Adding Los Angeles, Miami, Atlanta, and San Diego to our footprint will meaningfully enhance our ability to serve our listeners, customers, employees, and shareholders. This is a great day for Entercom that will enhance our competitive position and bolster our growth potential well into the future.” According to Entercom chief operating officer Weezie Kramer, “Lincoln Financial Media, Bonneville, and their teams have built world-class brands. We are excited about the opportunities to continue to grow these stations and to provide our listeners and customers with the best compelling local content and dynamic, integrated marketing solutions. I am excited to welcome Doug, Bob, Mike, and Peter to Entercom. They are great leaders and managers with a proven track record of success. As we enter these vibrant markets, we are thrilled to have such talented and experienced media veterans at the helm. Amy has been a tremendous leader for Entercom Denver. We know her experience, leadership, and vision will continue to drive ratings, revenue, and audience engagement for our stations [there].” BonnevilleMeanwhile, Bonneville president Darrell Brown remarks, “Denver is a vibrant, growing area where we see great opportunity. The stations we are acquiring are legacy brands and provide a powerful cluster in this market. They align well with our existing portfolio, allowing us to expand our regional footprint. Bonneville’s core mission is building and lifting the communities where we own broadcast properties. We have a commitment to provide quality sports, news, and entertainment products and we are thrilled to serve the Denver market.” After spending seven years as director of sales for Lincoln Financial San Diego, New York native Burton joined Bonneville seven years ago. Entercom Los Angeles will consist of KSWD “The Sound,” which in 12 of the last 13 Nielsen Audio PPM ratings periods, has been in the 3.0 – 3.9 range. In the most recent sweep (June 2015), it ranks sixth (3.7, 6+); “The Sound” registered a 3.9 in March, April, and May. Fowler most recently was director of sales for ESPN Chicago. The LFM cluster that Entercom is acquiring in Atlanta is comprised of hot AC WSTR “Star 94,” which has back-to-back increases (3.0 – 3.2 – 3.8, April-May-June, 6+) to finish #11, and WQXI “ESPN 790 The Zone” (.2, 6+). Abernethy joined Entercom three months ago, following ten years as a Radio One regional vice president. Among the three Miami stations Entercom is picking up from LFM is adult contemporary WLYF “Lite-FM,” which – in May – finally unseated Cox Media Group urban AC WHQT at #1. With consecutive up-trends (6.8 – 7.1 – 7.3, April-May-June, 6+), “Lite” remains at #1. The other two Miami stations Entercom is acquiring are classic hits-oldies WMXJ “Magic 102.7” (4.4, #7, 6+, June 2015) and sports WAXY “The Ticket” (1.9, #20). It was just last week that Bolinger exited CBS Radio San Diego as senior vice president and market manager. As is the case in Miami involving adult contemporary WLYF, Entercom is getting a #1 station (6+) in San Diego with adult contemporary KIFM “Easy 98.1” (5.5, #1, 6+, June 2015). In addition to “Easy,” the San Diego cluster-mates Bolinger will oversee are KSON “New Country” (4.5, #6) and alternative KBZT “It’s About the Music” (2.6, #16). June 2015 (6+) ratings performances for the properties leaving Entercom and joining Bonneville are 5.3, #4 (fourth successive up trend) for KYGO; 4.7, #6 for KOSI; and 2.0, #19 for KKFN; KEPN does not appear in the June sweep. Stations remaining under the Entercom Denver banner are June 2015 pacesetter classic rock KQMT “The Mountain” (6.6, #1, 6+); hot AC KALC “Alice” (4.0, #9); and adult standards KEZW “Studio 1430 – Timeless Music” (.5, #28). They will be joined by Lincoln Financial Media additions rhythmic CHR KQKS “KS-107.5” (3.5, #12, 6+, June 2015); KYGO-HD2 “Comedy 103.1” (#18, trending 1.7 – 1.8, 1.9 – 3.0, 6+); and KRWZ “Cruisin’ Oldies – AM 950” (1.5, #23). Purchase price for Entercom’s Lincoln Financial Media acquisition is $105 million. Approximately three-quarters of it – $77.5 million – is in cash and the remaining $27.5 million in “Series A” perpetual convertible preferred stock held by Lincoln Financial Group. Time Brokerage Agreements will enable Bonneville and Entercom to operate the swapped properties immediately upon closing of the Lincoln Financial Media acquisition. It is anticipated that closing of the Lincoln Financial Media acquisition and beginning of the Bonneville-Entercom TBAs will occur within several business days. Entercom expects the Bonneville transaction will be finalized by fourth quarter.

connoisseur media logoConnoisseur Media Bought by Management and Petrus Holding Company.  Westport, Connecticut-based Connoisseur Media has been bought in a joint effort by the company’s management and Petrus Holding Company, LP, a Perot Company.  In a statement issued today, Petrus says existing management team will continue to operate the stations, with Petrus as their financial partner.  Connoisseur Media operates 42 radio stations and digital assets in 12 markets across the U.S.  Connoisseur CEO Jeffrey Warshaw states, “We are very excited to partner with The Perot Companies to continue our focused and disciplined growth strategy.  It is important for us to have a partner who shares our values and supports our long-term growth strategy.” Perot Companies chairman Ross Perot, Jr. says, “The Perot Companies and Connoisseur share common values, an entrepreneurial culture and a long-term approach to operating and building world-class companies.  Our investment will allow Connoisseur to continue investing in its people while ensuring it can remain prudently financed, locally focused and innovative.”

mccainmeghanPremiere Networks Names Meghan McCain Host of ‘America Now.’  A new, young host has been named for Premiere Networks’ nationally syndicated radio talk show “America Now.”  Media personality and author Meghan McCain takes over the role of permanent host of the show that first featured Andy Dean as host.  He left the program in July of 2014 to focus on his ConnectPal digital platform.  (San Antonio-based personality Joe “Pags” Pagliarulo has been hosting the show on an interim basis.) Premiere says the show will continue to be based in Los Angeles and air live from 6:00 pm to 9:00 pm ET.  McCain comments, “I can’t wait to engage listeners across the country as we shine a spotlight on the stories and issues thatamericanow logo affect us all.  Creating a dialogue to inform, inspire and entertain people is what’s always driven me, and hosting ‘America Now’ is an exciting opportunity to help drive the national conversation.  I’m excited to be joining a network with such an amazing lineup of hosts.”  Premiere Networks president Julie Talbott states, “Meghan is smart, enthusiastic and outspoken, and we’re excited to have her join our roster of industry-leading programs reaching diverse audiences across America.  As talk radio continues to connect with and engage millions of people across multiple platforms, we’re confident Meghan’s unique perspective and experience in politics will resonate with America Now’s national audience and create powerful marketing opportunities for our partners.”

rossfredaRoss Promoted to News Director at WBAP and KLIF in Dallas.  Moving up from her assistant news director position at Cumulus Media’s WBAP and KLIF in Dallas, Freda Ross is the new news director for the stations.  Ross has been with WBAP since 1994 and added KLIF duties after Cumulus acquired the station.  She is heard daily on KLIF as midday news anchor.  Operations and program manager Tyler Cox says, “Freda has earned the respect of her colleagues and is a long-standing, influential leader in the WBAP/KLIF news department.  She was the natural choice for this promotion to news director.”  Ross comments, “I’m excited to take on the responsibilities of being news director for WBAP and KLIF.  Both are well-respected heritage stations that have served the DFW community for decades. I look forward to the opportunity to continue bringing honest, thought-provoking news coverage to our listeners.”

coxmediagroupCox Media Group Makes ‘Major Senior Leadership Changes.’  These executive moves affect the National Ad Platforms, radio and digital businesses of Cox Media Group.  They include: Kim Guthrie being named EVP of National Ad Platforms and president of CoxReps,guthriekim the country’s largest television advertising rep firm based in New York City; Bill Hendrich takes over for hendrichbillGuthrie as EVP of radio and CMG research, based in Atlanta; and Marian Pittman becomes the company’s EVP of digital strategy and will oversee digital’s content and sales from her base in Atlanta.  Guthrie’s assumption of the CoxReps presidency comes as Jim Monahan retires from the company after 35 years.  The company says new radio EVP Bill Hendrich joined CMG Radio in 1996 in Orlando and has led countless award-winning teams that have produced outstanding creative content for CMG’s radio audiences, quantifiable sales results for customers, and internal and external customer service satisfaction for CMG’s employees and clients.  The company’s Orlando VP/GM Susan Larkin is promoted to regional VP of Jacksonville and Orlando Radio.   Finally, Pittman makes her move after serving with the company as VP of news and marketing for television.

nbcsportsGyllenhaalJake Gyllenhaal Visits NBC Sports Radio’s Amani Toomer and Dan Schwartzman.  The two co-host “Going Deep with Amani & Dan” from 10:00 pm to 1:00 am ET on the NBC Sports Radio Network and recently hosted actor Jake Gyllenhaal in the studio about his new movie, Southpaw.  The film is the story of a boxer who fights his way to the top only to find his life falling apart around him and features Rachel McAdams and Forest Whitaker.  Pictured here (from l-r) are: Schwartzman, Gyllenhaal, and Toomer.

Obama Strikes Nukes Deal with Iran, Prison Escape of Mexican Drug Lord, 2016 Presidential Candidates, Bill Cosby Rape Allegations, Illegal Immigration Policy-Kate Steinle Death, Greek Debt Issue, Caitlyn Jenner ESPYs Appearance, the MLB All-Star game, and NASA’s Pluto Mission Among Top News/Talk Stories Yesterday (7/14).  The West’s deal with Iran to end economic sanctions on the nation and allow its nuclear program to proceed; the controversial “escape” from prison of Mexican drug lord Joaquin “El Chapo” Guzman; the activities of the candidates for president in 2016; the renewed chatter about allegations Bill Cosby drugged and raped women; the controversy over the U.S.’s illegal immigration policy, the sanctuary cities, and the death of Kate Steinle; the Greek debt solution and its effect on world financial markets; Caitlyn Jenner’s appearance on the ESPYs tonight and her receiving the Arthur Ashe Award; the MLB All-Star game; and NASA’s New Horizons flies by Pluto were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS.