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Thursday, August 5, 2021

| August 5, 2021

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

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

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

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

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

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

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

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

Tuesday, May 25, 2021

| May 25, 2021

SRN’s Mike Gallagher Tours Border Region of Yuma, Arizona. Pictured above is Salem Radio Network talk host Mike Gallagher (foreground) and KKNT, Phoenix talk host Seth Leibsohn (behind Gallagher) at the U.S.-Mexico border in Yuma, Arizona with Congressman Andy Biggs (R-AZ 5th District.) Gallagher says, “While we were observing an area by the Morelos Dam, a group of 27 migrants was detained a few feet from us. While there, I witnessed numerous men, women, and children with backpacks walking across the border and into the custody of the Border Patrol and National Guard. It was 101 degrees when I was there. I witnessed some of these people being dropped off by vehicles on the Mexican side and then they walked across the border to the American side.” As part of the visit, Gallagher interviewed the Yuma County Sheriff Leon Wilmot and other notable officials who are grappling with the border crisis.

Edison Research: Audio Consumption Affected by Work-From-Home Shift. The latest data from Edison Research’s Share of Ear study sheds further light on audio consumption as a significant share of American workers shifted to at-home employment in 2020. Edison says the latest Share of Ear release shows a clear difference in listening between those working primarily at home vs. those not working from home. Among employed persons who work from home, nearly three-quarters of their total audio consumption (72%) happens at home. Meanwhile, among those who work away from their homes, only 29% of their listening happens at home. Edison says that Share of Ear has tracked the growth of audio consumption since 2014 and has always tracked listening location as part of that dataset. The study has now added a measure of those U.S. adults who are employed and work primarily from home, and those who are employed and do not work primarily from home, leading to new insights. Director of research Laura Ivey adds, “We knew from Share of Ear data in 2020 that a tremendous amount of listening had shifted to home as a result of quarantine restrictions. While almost everyone was spending at least some increased time at home during the pandemic, it is those who shifted their work to their homes who drove the biggest changes. We also saw audio consumption rise on computers and other devices such as internet-connected televisions, so we can see that at-home workers are using various audio devices at home.”

Stacey Kauffman Promoted to RVP and Market Manager for Audacy Northern California. Adding oversight of Audacy’s San Francisco market to her current responsibility for the Sacramento market is Stacey Kauffman, who begins her new role as regional vice president and market manager for Northern California on June 7. Audacy operates all-news KCBS-AM, sports talk KGMZ-FM, “95.7 The Game” and four music brands in the San Francisco market. Kauffman will report into regional president Doug Abernethy and succeeds Greg Nemitz, who is assuming a leadership role as SVP overseeing West Coast sales and operations for Audacy’s National Partnerships team. Abernethy says, “Stacey has demonstrated incredible leadership in every phase of the game. She builds an incredible team culture that produces results. It is an honor to work alongside her and promote her to Regional Vice President.” Additionally, Kieran Geffert is promoted to vice president of sales for Sacramento and San Francisco, reporting into Kauffman.

Rob Carson Receives Condolences from President Trump. Conservative media personality Rob Carson received condolences on the passing of his mother Bonnie from former President Donald Trump. The former president wrote: “Your mother, Bonnie, was a woman of great warmth, humor, and personality. She will be missed. Condolences to all!” Carson hosts “Rob Carson’s What in the World?” that airs on Newsmax TV on Saturday nights as well as the podcast “The Newsmax Daily.” A top Trump adviser tells Newsmax CEO Christopher Ruddy that Trump watches Carson on Tuesday mornings on Newsmax TV and says, “He’s the funniest guy on TV!”

JAKIB Media Partners Adds ‘National Football Show’ to Network. Content firm JAKIB Media Partners announces the addition of “The National Football Show with Dan Sileo” to its slate of sports content. The program launched on YouTube last month and airs live from 4:00 pm to 6:00 pm ET. JAKIB Media founder Joe Krause says, “Dan Sileo brings a powerful rolodex and incredible knowledge about football. JAKIB Media will re-define how football fans consume sports content and ‘Big Silz’ will be leading the way around the country with more live shows in 18-weeks than any other sports entity.” JAKIB Media says Sileo’s new show has already attracted an impressive lineup of notable guests, including Indianapolis Colts head coach Frank Reich; legendary sports talker Howard Eskin; former ESPN host Mike Golic; Eagles great Ron Jaworski, Super Bowl-winning head coach Bruce Arians; and more.

COVID-19/Wuhan Lab Origin Theory, Barr Memo Appeal, Border Crisis/Immigration Reform, Belarusian Hijacking Case, AZ and GA Vote Audits, Florida Social Media Bill, and Israeli-Palestinian Cease Fire/Attacks on Jews Among Top News/Talk Stories Yesterday (5/24). The fast-falling number of COVID-19 cases in the U.S., concerns about vaccine hesitancy, and Dr. Tony Fauci’s admission that he can’t rule out the Wuhan Virology lab as the origin of the coronavirus; Joe Biden’s Justice Department appeals part of the request for public release of former AG William Barr’s memo on the Mueller Report; the large number of child migrants at the U.S.-Mexico border and the Biden administration’s immigration policy; Belarus faces European backlash for forcing a Ryanair jet to land in Minsk in order to capture opposition activist Roman Protasevich; the 2020 vote audit taking place in Arizona and the audit just authorized in Georgia; Florida Governor Ron DeSantis signs a bill banning social media censorship; and the ceasefire in Gaza and the rise in domestic attacks on Jews were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

SAG-AFTRA Files Grievance with NLRB Against WNYC. On Sunday, SAG-AFTRA filed an Unfair Labor Practice charge with the National Labor Relations Board against New York Public Radio, owner of WNYC, Gothamist and other media properties, in response to what it calls “a coordinated and aggressive campaign to undermine union and protected and concerted activity.” SAG-AFTRA says the charge was filed “in response to a management-driven strategy to silence a thriving newsroom and undermine accountability and transparency by issuing discipline and threats against employees for asking questions and engaging in legally protected activity. The union also maintains that WNYC management maintained and enforced work rules designed for the purpose of curtailing accountability and transparency and surveilled employees or created the perception of surveillance of employees in their communications with the union and one another.”  The union also says New York Public Radio fired “two respected journalists, including the SAG-AFTRA shop steward and an 18-year employee for indefensible and unlawful reasons that violate the collective bargaining agreement and the NLRA.” SAG-AFTRA is asking for New York Public Radio’s chief executive and president, Goli Sheikholeslami, to immediately reinstate all unjustly terminated employees irrespective of union member status. Additionally, SAG-AFTRA has called on the NYPR board of directors to immediately investigate management actions in recent months in a transparent process and report all findings to the public.

TALKERS News Notes. Albany news/talk WGY-AM/FM and sister hot AC WRVE raised more than $350,000 to benefit the Bernard & Millie Duker Children’s Hospital at Albany Med via its 23rd annual “Cares for Kids Radiothon.” iHeartMedia Albany area president Kristen Delaney says, “iHeartMedia Albany has partnered with the Bernard & Millie Duker Children’s Hospital at Albany Med for 23 successful years of the Cares for Kids Radiothon. The event allows us to introduce some incredible kids to our listeners and share their stories. We are overwhelmed by the generosity of the Capital Region community.”…..Charlamagne The God’s and iHeartMedia’s The Black Effect Podcast Network and TV personalities Gizelle Bryant and Robyn Dixon are launching a new podcast titled, “Reasonably Shady.” In the debut episode, Gizelle and Robyn discuss how their long-lasting friendship began, how both women became cast members on “The Real Housewives of Potomac and why they decided to start a podcast during the pandemic…..iHeartRadio announces it has officially surpassed 150 million registered users. In addition to eclipsing 150 million users, iHeartRadio has also seen an explosion in growth of app downloads, music and podcast streaming and more. As audio streaming grew even more popular during the pandemic, iHeartRadio has recorded more than 3 billion app downloads, with monthly downloads peaking as high as 28% as compared to last year.

Caroline Beasley to Receive NAB’s National Radio Award. This fall, National Association of Broadcasters will bestow its National Radio Award upon Beasley Media Group CEO Caroline Beasley. The honor will be presented during the Radio Show opening session on Wednesday, October 13. The Radio Show, co-produced by the Radio Advertising Bureau, will be co-located with NAB Show and held October 13-14 in Las Vegas. NAB president and CEO Gordon Smith says, “We are thrilled to honor Caroline Beasley and commemorate her impact on the radio industry with the National Radio Award. Her business savvy and extraordinary leadership have propelled Beasley Media Group to new heights, while her passion for radio perfectly illustrate the spirit of broadcasting.”

Tuesday, May 4, 2021

| May 4, 2021

Beasley 2021 Q1 Net Revenue $48.2 Million; Operating Loss Shrinks. First quarter financial data from Beasley Broadcast Group – parent of Beasley Media Group – reveals a decline in net revenue of 17.8%, from $57.7 million in Q1 2020 to $48.2 million in Q1 2021. While station operating income was down, $5.2 million compared to $6.7 million in Q1 2020, Beasley greatly reduced its operating loss from $7.1 million in the first quarter of 2020 to $2.5 million in the first quarter of 2021. Beasley CEO Caroline Beasley says, “Beasley reported 2021 first quarter financial results consistent with the expectations we outlined when we reported the 2020 fourth quarter, as our strong revenue growth in the first two months of the comparable 2020 period, prior to the onset of the pandemic, created a difficult year-over-year comparison. Though we continued to experience challenges related to the COVID-19 pandemic during the first quarter, I am pleased to report that we began to see a strong recovery. As a result, we expect Beasley to return to top-line revenue growth beginning in the second quarter of 2021. During the first quarter, we continued to advance our digital transformation and revenue diversification initiatives across the company. In this regard, Beasley generated digital revenue growth of approximately 10% on a year-over-year basis, with digital accounting for approximately 12% of total first quarter revenue, compared to 9.3% of total revenue in the prior year period. Consumer demand for digital audio content remains strong and with our ongoing emphasis on digital innovation, Beasley continues attracting new business by successfully targeting the sale of non-radio products to non-radio advertisers. With the continued strong growth of our digital business, Beasley will report digital revenue as a separate segment going forward. We believe this milestone represents an important inflection point in the ongoing evolution of our operating model and clearly highlights the value of our revenue diversification strategies.”

Bill O’Reilly’s New Book, Killing the Mob, Published. The latest book from broadcast journalist and talk host Bill O’Reilly (with co-author Martin Dugard) is out as KILLING THE MOB: The Fight Against Organized Crime in America (2021, St. Martin’s) hits booksellers today (5/4). The promo for the book says: “O’Reilly traces the brutal history of 20th century organized crime in the United States, and expertly plumbs the history of this nation’s most notorious serial robbers, conmen, and especially, mob family bosses. Covering the period from the 1930s to the 1980s, O’Reilly traces the prohibition-busting bank robbers of the Depression Era, such as Bonnie & Clyde, Pretty Boy Floyd and Baby-Face Nelson. In addition, the authors highlight the creation of the Mafia Commission, the power struggles within the ‘Five Families,’ and the battles to control Cuba, Las Vegas and Hollywood, as well as the personal war between the U.S. Attorney General Bobby Kennedy and legendary Teamsters boss Jimmy Hoffa.” Bill O’Reilly currently hosts the Key Networks nationally syndicated radio programs “The O’Reilly Update” and “The O’Reilly Update – Morning Edition.”

Townsquare Media Ups Jeff Luckoff to Market President for Michigan. Rising from his Grand Rapids market president role to regional market president and chief revenue officer for Michigan is Jeff Luckoff. In this role, he’ll oversee Townsquare Media’s Michigan local media clusters and will report to SVP Todd Lawley. Lawley says, “In a very short amount of time Jeff has reset the culture, made key hires, and built a foundation that is unlocking the full potential of our market leading online and on-air brands in Grand Rapids. We are now challenging Jeff to unlock the full potential of our statewide footprint which includes Grand Rapids, Battle Creek, Kalamazoo, Lansing and Flint.” Luckoff comments, “We have incredible talent and local brands throughout the state of Michigan. I am fortunate for the opportunity to utilize Townsquare’s footprint to deepen our impact on the community and further deliver better results for our advertisers. I am honored to be leading such an extraordinary team.”

NAB Opens Nominations for 2021 Marconi Awards. The National Association of Broadcasters is now accepting nominations for the 2021 NAB Marconi Radio Awards and will be accepting submissions until May 31. Established in 1989 and named for inventor and Nobel Prize winner Guglielmo Marconi, the prestigious awards recognize overall excellence and performance in radio. Station and on-air personality nominations may be submitted for the 23 awards presented in the following categories: Legendary Station of the Year, Legendary Manager of the Year, Radio Station of the Year by Market Size, Radio Station of the Year by Format, Personality of the Year by Market Size, Network/Syndicated Personality of the Year, and Best Radio Podcast of the Year. Nominations may only be made by NAB members. You can see the rules here. Winners will be recognized during a special event at the Radio Show, held October 13-14, 2021 in Las Vegas, and co-located with NAB Show.

TALKERS News Notes. The American Urban Radio Networks names Ebony McMorris White House news correspondent. She comes to AURN from Reach Media/Urban One where she most recently served as national news correspondent. She comments, “For such a time as this, it is an honor to join the AURN family as their White House correspondent during such a pivotal and monumental point in history. In taking this role I am reminded of Alice Dunnigan, the first African American woman to receive White House credentials, who said, ‘While the role of the Black press is that of objectively reporting the news as it happens, it has another function equally as important – that of fighting oppression.’”…..Audacy’s sports talk KDKA-FM, Pittsburgh “93.7 The Fan” announces that former MLB player Neil Walker will join “The Fan Morning Show” with Colin Dunlap and Chris Mack Monday mornings at 9:00 am, beginning May 10…..iHeartMedia and Malcolm Gladwell and Jacob Weisberg’s Pushkin Industries audio production company unveil a new co-produced iHeartRadio Original Podcast called, “Be Antiracist with Ibram X. Kendi.” The weekly interview program builds on Kendi’s extensive body of antiracist work, challenging listeners to consider what an antiracist society might look like and how individuals and communities can play an active role in building it. Kendi says, “After a year that laid bare the pervasive racial inequity that continues to plague our nation, we must continue the difficult but necessary conversations that will allow us to imagine and erect a truly antiracist society. I look forward to exploring these topics with guests whose work I deeply admire and digging deep with them and with listeners.”…..CNN chief medical correspondent Dr. Sanjay Gupta is launching a new podcast called, “Chasing Life,” in which Gupta guides listeners on how to mindfully approach our new normal, while finding a balance between self-care and productivity. He says, “As we’re entering a new – and more hopeful – phase of this pandemic, now seemed like a worthy point in time to start a new podcast with recovery and reflection in mind. While we may never be able to replicate a pre-2020 world, I hope we can all start moving forward and start chasing life again.” The first episode premiers May 11 via CNN’s apps.

Audacy and Genomind Partner for Mental Health Care Content. Mental health awareness has been a focus of Audacy’s public service efforts for several years and now the company announces a partnership with Genomind to help “bring mental health conversations into the mainstream.” As part of the partnership, Audacy will leverage the deep local connection of 15 stations across eight markets – Baltimore, Dallas, Houston, Los Angeles, New York, Philadelphia, San Diego and Washington D.C. – to promote Genomind’s new Mental Health Map, the first and only consumer DNA test to offer a concise, easy-to-navigate blueprint of your genetic profile and its influence on stress and anxiety, mood, focus and memory, habits and substance use, sleep, social behavior, and eating behavior. Audacy vice president, social impact Sarah Harris says, “Mental health awareness is a major area of focus for us and a crucial pillar of our companywide social impact platform, and we’re excited to further activate our commitment through this partnership with Genomind. We recognize our significant influence and welcome the opportunity to use our voice, coupled with Genomind’s mental health expertise, innovations and technology, to help improve and save lives and continue our shared mission of ending the stigma of talking about mental health.” Genomind will also serve as the sponsor for Audacy’s “I’m Listening Daily Capsules,” 60-second daily public service announcements as part of the company’s yearlong “I’m Listening” mental health initiative. Genomind will also serve as the presenting sponsor of Audacy’s annual “I’m Listening” broadast, a live national program that brings together artists, athletes and medical specialists every September to remind listeners it’s okay to not be okay, raise awareness and end the stigma of talking about mental health.

COVID-19, Giuliani Investigation, Trump’s Facebook Fate, Bill and Melinda Gates to Divorce, Border Crisis, and Severe Southeast Weather Among Top News/Talk Stories Yesterday (5/3). Vaccination rates in the U.S. and the politicization of the “jab,” rising infections among young Americans, and the high death toll in India; Facebook to decide the fate of Donald Trump’s currently suspended account; Microsoft co-founder Bill Gates and wife Melinda Gates to divorce; the crush of migrants at the U.S.-Mexico border and the 6,000-plus illegals captured by ICE in April; and the severe weather hitting the Southeast were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Industry Memorial Tribute to the Late Barry Farber Set for May 5. The family of Barry Farber, in association with TALKERS magazine, is presenting an industry memorial tribute to the legendary radio talk show host on May 5 via Zoom. The virtual event will mark the first anniversary of his passing and the 91st anniversary of his birth. Farber, considered by industry observers to be one of the greatest talk radio hosts of all time, as well as one of the genre’s most influential pioneers, passed away on May 6, 2020 – one day after his 90th birthday. The event will consist of a series of personal remembrances delivered by a select panel of family, friends and radio industry colleagues. It will be recorded and available for on-demand viewing as part of a larger display of memories and Farber history being developed for a special commemorative website devoted to the broadcaster. Barry Farber’s on-air career was launched in 1960 and continued all the way to his death in 2020. It included his hosting major shows on such legendary New York outlets as WINS, WOR, and WMCA. He also was syndicated by ABC Radio Networks and Daynet. His final shows were carried by CRN Digital Talk Radio Network. According to The New York Times, at the time of his death he was the longest continually running radio host. Farber was inducted into the Radio Hall of Fame in 2014 and is a past recipient of the TALKERS Lifetime Achievement Award among many other honors. He was the author of three books and a student of 26 languages. The memorial event will take place on Zoom on Wednesday, May 5 between 7:30 pm and 9:00 pm and will be hosted by Michael Harrison. Although all Zoom positions are filled, the event will be available to view via live streaming on YouTube. To view the Memorial event in real time on Wednesday at 7:30 pm ET, please click here.

Wednesday, February 10, 2021

| February 10, 2021

Beasley Broadcast Group’s Q4 2020 Net Revenue Declines 5.1%. Reporting on the fourth quarter and the full year of 2020, Beasley Broadcast Group – parent company of Beasley Media Group – reports net revenue of $68.5 million for the fourth quarter, a decline of 5.1% over the same period in 2019. For the full year, net revenue was $206.1 million, a decrease of 23.7% from the $261.6 million reported in 2019. There was positive news from the fourth quarter as operating income rose 54% to $19.6 million and station operating income increased 25.2% to $20.1 million. However, for the full year of 2020, the company posted an operating loss of $4.3 million and station operating income declined 86% to $24 million. Beasley CEO Caroline Beasley states, “Beasley’s 2020 fourth quarter financial results reflect the ongoing recovery of our business and solid execution by our teams in generating sequential quarter-over-quarter revenue growth that exceeded the high-end of the preliminary range we announced in January. During the quarter, we continued to navigate the ongoing pandemic-related challenges exceptionally well. The meaningful actions we have taken over the past nine-months, including reducing station operating expenses and negotiating discounts with service providers and partners, resulted in 28.8% year-over-year growth in SOI and improved SOI margin as well as a 62.4% increase in station operating income less corporate expenses. In addition, despite the pandemic and restrictions in certain markets, we generated fourth quarter free cash flow of $16.8 million, inclusive of the $4.6 million net gain from dispositions, which compares very favorably to the $20.7 million of free cash flow in the year ago period which benefited from $21.8 million in dispositions. Record fourth quarter net political revenue of $10.2 million, combined with the resumption of advertising in key categories, drove year-over-year revenue increases in six of our station clusters. Excluding political revenue, Beasley continued to generate sequential month-over-month revenue growth, with October up 8.3% over September and November up 2.0% over October, while December paced slightly behind November due to a tightening of COVID-19 restrictions in certain markets. Notably, our continued emphasis on strong local content drove best-in-industry ratings performance for our station clusters in the fourth quarter, according to Nielsen, and our cumulative on-air audience share has grown consistently since March.”

TALKERS and Industry Mourn the Passing of Marcia Daly. Longtime TALKERS executive art director and advertising coordinator Marcia Daly, 67, unexpectedly passed away on Thursday, February 4 at her home in Westfield, MA. One of the original members of the TALKERS staff since its launch in 1990, she was a key component of both the company’s management and production teams and a beloved friend and colleague to countless professionals in the broadcasting industry across America. In that capacity, she worked closely with some of the biggest names in the talk show industry on their art, logos and advertising campaigns and was widely respected for her tremendous talent and reputation for kindness. In announcing the sad news, TALKERS publisher Michael Harrison said, “Marcia Daly was an invaluable component in the rise and ongoing success of TALKERS for the past 31 years serving as an ever-dependable teammate and friend to those of us fortunate to have had her in our lives. In addition to being an extremely accomplished and talented artist, she was known far and wide for having a heart of gold and being one of the kindest and most generous people one could ever hope to know. All of us at TALKERS are stunned by this terribly sad news and pray for Marcia’s family and friends.” She is survived by her husband of 44 years, Joseph Daly. Born in Springfield, MA to Donald Van der Wolk and Betty (Moynihan) Van der Wolk, she leaves behind children, Kathleen Daly of Westfield, MA and John Daly of Medford, MA. A dedicated member of Blessed Sacrament Church, in Westfield, MA, Marcia Daly actively volunteered with the Soup Kitchen and Take & Eat. A cat lover, gourmet cook and baker, and a huge fan of crime dramas, she made friends everywhere she went and had a positive impact on everyone she met. A funeral mass will be held on Friday, February 12, 2021 at 11:00 am ET in Our Lady of the Blessed Sacrament Church, 127 Holyoke Road, Westfield.  It can be virtually attended via livestream at https://my.gather.app/remember/marcia-daly. In lieu of flowers, donations in Marcia Daly’s honor may be made to The Sisters of St Joseph, 577 Carew Street, Springfield, MA 01104.

Entercom and TEGNA Strike Deal for Locked On Podcast Network. This new content agreement between Entercom and TEGNA – which recently acquired the local sports podcast network Locked On Podcast Network – puts Locked On’s extensive lineup of professional and collegiate sports podcasts featuring analysis from local experts, writers, reporters, and insiders, on Entercom’s RADIO.COM platform. The deal also calls for the development of new content, including co-produced and co-branded podcasts, a daily sports news podcast featuring hosts from leading RADIO.COM sports stations and local experts from Locked On, and two weekly one-hour programs, produced by Locked On, available on Entercom radio stations and RADIO.COM. Entercom chief digital officer J.D. Crowley says, “We’re aggressively leveraging the value of our national dominance in sports programming and content in audio, digital and sports betting platforms and our agreement with Locked On reflects continued progress on this front. As the number one creator of live, original local audio content, we’re excited to add Locked On’s collection of top-rated podcasts to our portfolio, welcome their eight million monthly listeners nationwide to the RADIO.COM platform and make their inventory available to our advertising partners.” The first podcast co-produced under the partnership will be “Locked On Today,” hosted by “Locked On Packers” host Peter Bukowski. The program will be “a fast-paced take on the biggest sports stories of the day, going beyond the scoreboard and behind the scenes for insight and perspective from the local experts of the Locked On Podcast Network and Entercom sports radio stations.”

iHeartMedia Unveils iHeart 3D Audio for Podcasts. A new slate of podcasts from iHeartMedia will be released using the binaural or 3D audio technology the company is calling iHeart 3D Audio that “places listeners into the middle of an audio soundscape, immersing them in the story like never before.”  The company says 3D audio “creates a sense of movement, location and triggers other senses, enhancing listening experiences and providing a new way for people to hear high quality, surround sound, immersive content, and reproducing real-life experiences, much like virtual reality has done for video, right in their own homes.” iHeartPodcast Network president Conal Byrne says, “Podcasting has undoubtedly stepped in as one of this year’s most relied upon forms of entertainment. We’ve seen a huge spike in listenership and iHeart wants to ensure we’re meeting this growing audience in new, innovative ways. This is virtual reality for the ears, and by expanding our 3D audio offerings, our goal is to place fans at the center of the stories they love – in an even more immersive, innovative format.” iHeartMedia will launch a new slate of podcasts that is underpinned by the unique recording technology.

Moore and Squire Promoted at iHeartMedia Philadelphia. Two executives at iHeartMedia’s Philadelphia station group are promoted. Jeff Moore is named market president, rising from his previous post as senior vice president of sales, and Chris Squire is elevated to the SVP of sales position. Moore says, “I am thrilled to have the opportunity to lead this great team of successful sales and programming professionals in Philadelphia while representing some of the most iconic brands. My mission is to continue to build a winning culture that attracts the best talent and has a positive impact on our employees, brands and the community we serve.”

TALKERS News Notes. Based on data from the Podcast Consumer Tracker, Edison Research releases its first chart of the U.S. top 50 podcasts of 2020. In the top five positions are: 1) The Joe Rogan Experience 2) The Daily 3) Crime Junkie 4) This American Life and 5) My Favorite Murder. You can see the complete list here…..LiveXLive Media, owner of PodcastOneSlacker Radio, and React Presents, announces today’s release of “Valentine’s Day In Hell.” The six part musical-horror-comedy podcast marks the first production of the recently announced joint venture with LiveXLive and Audio Up Media. “Valentine’s Day In Hell” features some of today’s hottest recording artists, top social influencers, and media personalities in starring roles. Those starring in the podcast include iann diorjxdnOliver Treephem, and recent Billboard 21 Under 21 artist, Carlie Hanson – with Adam Carolla playing the devil.….Cumulus Media’s Westwood One announces the weekly podcast, “Brown Ambition,” to the Westwood One Podcast Network. Hosted by Mandi Woodruff and Tiffany Aliche, the program offers “life-changing financial advice and resources for women and other communities that have been excluded from the essential financial conversations necessary to thrive. Business Insider named ‘Brown Ambition’ one of ‘the best personal finance podcasts of 2021.’” Woodruff says, “When we started ‘Brown Ambition’ more than five years ago, we knew we wanted to create a unique space for women of color to feel empowered to build wealth and take charge of their careers unapologetically. I’m so proud of the organic growth we have achieved with the show thanks to the loyal listeners who have made us part of their weekly routine all these years.”…..The “Under the Hood” car talk show, hosted by Shannon Nordstrom, Russ Evans, and Chris Carter, moves into new studios. The program says that “this expansive project features all-new, state-of-the-art equipment throughout, including HD streaming video with an automatic switching system.” The show is also broadcast live in its home market on KELO-AM, Sioux Falls, South Dakota with the syndicated version of the radio show airing on more than 240 stations.

Impeachment Hearing, COVID-19 Stats & Vaccines, WHO’s China Investigation, Deadly Minnesota Clinic Shooting, and Supremes Singer Mary Wilson Dies Among Top News/Talk Stories Yesterday (2/9). The opening day of the impeachment case against Donald Trump; the number of COVID-19 cases and deaths in the U.S. and the rollout of vaccines; the World Health Organization reports its investigation into the origin of the coronavirus was likely not the result of a lab breach; a Minnesota man kills one and injures five at a health clinic in Minnesota; and Supremes singer Mary Wilson dies at 76 were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Friday, January 29, 2021

| January 29, 2021

NOW POSTED:  This Weekend’s Installment of “The Michael Harrison Wrap: An Overview of the National Conversation.” The latest installment of the vibrant, one-hour weekend special, “The Michael Harrison Wrap,” that looks back each week at the hottest topics discussed in American talk media per the research of TALKERS magazine, is now posted. This new episode titled, “Raging Politics!” looks back at this past week of January 25-29, 2021.  The program features guests (in order of appearance): Kevin Casey, executive editor, TALKERS magazine; Holland Cooke, media consultant / talk show host, RT AmericaCurtis Sliwa, talk show host, WABC / GOP primary candidate for Mayor of New York City / founder Guardian AngelesSteve Weisman, professor of law, Bentley University, Boston / founder Scamicide.com; Bill Graff, talk show host KSCO, Santa Cruz; Amy Hao, co-talk show host, China Uber Alles; Nan Su, co-talk show host, China Uber Alles; senior reporter, The Epoch TimesVictoria Jones, executive director, DC Radio Company.  The acclaimed news/talk radio show airs each week on its flagship, WONK-FM, Washington, DC, Friday evenings at 6:00 pm ET. It also airs throughout the weekend on WTIC, Hartford; KSCO, Santa Cruz, CA; KDFD (“Freedom 93.7”), Denver; KFNX, Phoenix; WVLY, Wheeling, WV; WTRW-FM, Scranton/Wilkes Barre, PA; WVOX, Westchester, NY; KBDT, Dallas; KQSP, Minneapolis; KBKW, Aberdeen, WA; WGDJ, Albany, NY;  WJFN-FM, Richmond, VA; WZFG, Fargo; KTGO, Tioga, ND; KWAM, Memphis; K-NEWS, San Luis Obispo; WCHM, Clarkesville, GA;  WPHM, Port Huron, MI; KSYL, Alexandria, LA; KTOE, Mankato, MN; WCED (“Connect FM”), DuBois, PA; K-NEWS 101.3, Owensboro, KY; WWTK, Sebring, FL; WIZM-AM/FM, La Crosse, WI; WMVA, Martinsville, VA; the Virginia Talk Radio NetworkCRN Digital Talk Radio NetworkPioneer Valley Radio, Springfield, MA; Podcast Radio, UK and many more.  To listen to this week’s episode, please click here. To view the latest TALKERS magazine topic research, please click here.  “The Michael Harrison Wrap” is now available in syndication via Talk Media Network to stations across America on a market exclusive basis. For affiliation information, please click here or call 616-884-8616.

Cox Media Group Names Rob Babin SVP of Radio. Atlanta vice president and market manager Rob Babin is promoted to senior vice president of radio for Cox Media Group, effective immediately. Over Babin’s 20-year career with Cox, he’s held numerous management and sales management positions, including his most recent overseeing the Atlanta market that includes news/talk WSB-AM/WSBB-FM, three music brands, as well as the six-station Athens, Georgia market. Cox Media Group says that “as head of radio and a member of the company’s executive leadership team, Babin is responsible for the profitability, strategic direction, and operational execution of CMG’s radio platform, spanning 65 radio stations in 11 markets across the country. He will focus heavily on achieving CMG’s radio strategic growth objectives while maintaining CMG’s industry leading content, impactful community engagement, and growth-focused culture.” Cox Media Group president and CEO Dan York comments, “We are so excited that Rob accepted this role on the CMG leadership team. He is a proven leader with a true passion for the radio, CMG and his people. Rob is a collaborative and agile executive, with deep industry and CMG expertise and passion for everything he does – making him the ideal leader for CMG Radio.” Babin says, “Over the past 20 years, I’ve had the opportunity to work alongside many exceptional individuals and teams across CMG. I am thrilled to accept this position and honored to lead our CMG radio team. With our company’s incredible strength, brands, and people, we will continue to excel and grow our radio business to new heights.”

SummitMedia EVP of Programming Bill Tanner Dies. Radio programming executive Bill Tanner died at his home in Birmingham, Alabama on Wednesday evening. Tanner had been serving as executive vice president of programming for SummitMedia, LLC. In a press statement, the company says, “Tanner, who had an incredible career spanning nearly five decades, was known for his fierce competitive spirit and his brilliant approach to radio programming. He amassed one of the radio industry’s most consistent track records of number-one stations in markets ranging from South Florida to Los Angeles.” SummitMedia CEO Carl Parmer comments, “I had the honor of working alongside Bill since the early 90s from our days together at Heftel Broadcasting. His knowledge of the industry and loyalty as a friend continued as we worked to build SummitMedia together. All those who knew Bill came to respect his skills and watch in awe of how he connected with listeners. We will all truly miss him.” Parmer and Tanner joined forces in 2013 to create SummitMedia LLC, a company formed to purchase a number of radio stations being divested by Cox Radio. Later, they added 20 stations acquired from E.W. Scripps. Tanner began his career in the early 1970s doing mornings in Jackson, Mississippi followed by the ‘Tanner in the Morning Show’ on Miami’s WHYI “Y-100.” Soon thereafter, he was named VP of programming for parent company Heftel Broadcasting Corporation, where Parmer served as president and co-CEO. SummitMedia’s Randy Chase says, “We will miss Bill’s incessant enthusiasm, his love for our business, and his desire to always put the consumer first. But we will carry on with the fierceness he demonstrated and his passion for building an emotional connection with the listener.” Tanner is survived by his son Scott and two grandchildren, Tessa and Ryan.

Coleman and Conn Swap Dayparts at ‘105.7 The Fan’ in Baltimore. A couple of talent moves take place at Entercom’s Baltimore sports talker WJZ-FM “105.7 The Fan.” Jerry Coleman is leaving his role on the “Big Bad Morning Show” to host his own program, “Sports with Coleman,” evenings from 6:00 pm to 10:00 pm. Meanwhile, Jeremy Conn moves from the evening daypart to join Rob Long and Ed Norris as part of the morning show, effective February 8. Entercom Baltimore SVP and market manager Tracy Brandys says, “With his vast knowledge of sports and his connections to the sports world, Jerry Coleman was born to host his own show. Jeremy Conn will bring his unique brand of humor, his extensive gambling knowledge, and his signature bits to morning drive. We appreciate both Jerry and Jeremy’s hard work and dedication to ‘105.7 The Fan’ and are excited to have two Baltimore natives serve as bookends for our impressive weekday lineup.” Coleman says, “Switching from the mornings to the evening will allow me to bring back ‘Sports with Coleman’ and grow my brand. I’m grateful to Entercom for this opportunity.” Conn comments, “I am unbelievably excited and humbled to join the ‘Big Bad Morning Show.’ I am also nervous to work with two former cops, considering my shady background – thank goodness for the statute of limitations. Ed, Rob, producer Joe LaCroix and myself will have fun and I am confident Baltimore will laugh their way to work each morning.”

Al Galdi Exits Entercom’s WTEM, Washington ‘The Team 980.’ There’s been no official statement from Entercom, but sports talk personality Al Galdi announces via Twitter that he’s been let go from the company’s newly acquired sports talk outlet WTEM-AM, Washington “The Team 980” where he hosted the 9:00 am to 12:00 noon program. He tweeted, “So…I am no longer w/ @Team980. Started there as an intern on Memorial Day Weekend 1998 & had been there ever since. A time in my life I’ll never forget. A sincere thank you to my coworkers & anyone who ever listened or contributed to a show I did in some way. Much appreciated.”

Al Peterson Dies at 68. The family of Al Peterson announces that he died about a week ago after an unusual series of medical events led to multiple organ failure that led to his passing at age 68. Peterson was well known in the radio industry for his years of service to Radio & Records as news/talk/sports editor. After R&R was shuttered by its parent company, Peterson launched his own news/talk/sports-focused trade publication that he ran for a number of years prior to retiring from the business about four years ago. Art Vuolo tells TALKERS magazine that per Al’s very clear directive, the family agreed to keep him on life support long enough for his organs to be harvested. He adds that his liver already saved a woman in Southern California and they harvested enough skin, bone, tissue, etc. that he could potentially help 60-plus other people. Peterson’s work in radio prior to entering the radio trade business included serving as program director at news/talk KOGO-AM, San Diego.

Beasley Media Group Initiative Celebrates Diversity and Inclusion. The ongoing Community of Caring initiative from Beasley Media Group is now focused on diversity and inclusion. The company says that the initiative will feature on-air public service announcements, customized online content, and in-car messaging utilizing Quu technology that will underscore the importance of diversity and inclusion across the company’s 63 radio properties. It officially launches on Monday (2/1) and “will shine an important spotlight on Black History Month, Women’s History Month, and Diversity/Belonging. Beasley Media CEO Caroline Beasley says, “Diversity, collaboration and respect are paramount to our core values. This initiative reflects the vision and philosophy my father, George, had when he founded the company 60 years ago. We are thrilled to launch this important initiative that promotes a culture of belonging and encourages, supports and reflects the communities we serve.”

Senate Impeachment Trial and Capitol Insurrection Investigation Tie for Top News/Talk Story This Week. The Senate impeachment trial of Donald Trump and the investigation into the insurrection at the U.S. Capitol tied for the most-talked-about stories on news/talk radio for the week of January 25-29. At #2 this week was the number of COVID-19 cases and deaths in the U.S., the vaccine rollout, and the variant strains. Coming in at #3 was the GameStop stock frenzy, the U.S. economy’s contraction, and the education crisis, followed by U.S. relations with China and Russia at #4. The Talkers TenTM is a weekly chart of the top stories and people discussed on news/talk radio during the week and is the result of ongoing research form TALKERS magazine. It is published every Friday at Talkers.com. See this week’s complete chart here.