cash on hand | TALKERS magazine - “The bible of talk media.” : TALKERS magazine – “The bible of talk media.”

Tag: "cash on hand"

Tuesday, May 11, 2021

| May 11, 2021

Saga Communications 2021 First Quarter Net Revenue Down 15.5%. The 2021 first quarter financial report from Saga Communications reveals net revenue for the period was $22.3 million, a decrease of 15.5% from the same period in 2020. Net income was $758,000, a decline of 75% from the net income of $1.68 million posted in Q1 of 2020 (although Saga was one of the few audio companies to post income and not a loss). Station operating expense decreased $3.3 million to $18.9 million for the quarter compared to the same period in 2020. Station operating income was $4.7 million for the quarter compared to $5.5 million for the first quarter last year.  Free cash flow increased 21.4% to $1.8 million for the quarter. Saga Communication’s balance sheet reflects $56.3 million in cash on hand as of March 31, 2021 and $57.4 million as of May 3, 2021. The company’s total bank debt remained at $10 million as of the end of the first quarter 2021.

KCBS-AM, San Francisco Sports Anchor Steve Bitker Announces Retirement. After 30 years as morning drive sports anchor for Audacy’s KCBS-AM, San Francisco, Steve Bitker is retiring after the May 14 broadcast. After graduating from University of California Berkeley, Bitker served as a news writer for KSFO, San Francisco. He worked in Tokyo for three years as a news/sports anchor for Japan’s only English-language TV station – Japanese Cable Television. After returning to the States, he worked for seven years at KNBR, San Francisco before joining KCBS in April of 1991.

Wendy Bell Off WJAS-AM, Pittsburgh for Now. According to a story by WPXI-TV, talk host Wendy Bell is off the air of St. Barnabas Broadcasting’s WJAS-AM, Pittsburgh and Premiere NetworksGlenn Beck show is airing in its place. Bell was an anchor at WTAE-TV, Pittsburgh until 2016 when she was let go after making racially insensitive comments in the wake of a shooting that left five dead. She hosted a talk show at KDKA-AM, Pittsburgh and agreed to exit that station after being suspended for suggesting park rangers “shoot on sight” anyone seen defacing park monuments. The story quotes St. Barnabas Health System director of marketing Michele Bradac saying Bell is off the air due to a personnel matter. “Until the company and she resolve their personnel matter, there’s no way to say” when she might return.

Newsmax TV to Launch ‘Cortes & Pellegrino’ Prime Time Show; Produce Town Hall with Florida Governor Ron DeSantis. There’s a new prime-time program launching on Newsmax TV this evening (5/11) at 9:00 pm ET starring former presidential advisor, commentator, and financial expert Steve Cortes and former White House correspondent Jenn Pellegrino. About the new “Cortes & Pellegrino” show, Newsmax CEO Chris Ruddy says, “We were the only major cable news network to see an overall ratings increase from the fourth quarter of 2020 to the first quarter of 2021, and we did it without a full prime-time. ‘Cortes & Pellegrino’ completes our nightly lineup and will continue our unprecedented growth.” Also at Newsmax, “Spicer & Co” co-hosts Sean Spicer and Lyndsay Keith will air an exclusive Town Hall with Florida Governor Ron DeSantis tomorrow (5/12) at 6:00 pm ET. The event takes place at The Villages – the 55-plus community in Sumter County, Florida that boasts almost 80,000 residents – and will feature discussions with a live studio audience of American voters. Sean Spicer says, “Governor DeSantis has proved his resolve and confounded his skeptics over the past year, leading his state to excellence in fostering a thriving economy, rolling out the COVID vaccine, and guarding religious liberty. This Town Hall will give Newsmax viewers deeper insight into the reasons why DeSantis is a true governor of the people.”

TALKERS News Notes. This Memorial Day weekend ABC Audio has the special program “Honor, Hope and Healing,” hosted by correspondent Aaron Katersky, available for affiliate stations. The special honors America’s heroes including military members who died in the line of duty, pandemic front-line workers, grieving families, and others affected by last year’s events. The program dives into the significance of Arlington National Cemetery and features interviews with its regular visitors who come to pay respects to their family and friends…..SiriusXM announces the launch of the “Let’s Get After It with Chris Cuomo Podcast” culled from Cuomo’s SiriusXM show on the P.O.T.U.S. channel that airs daily from 12:00 noon to 2:00 pm. The podcast will be available three times a week and features the opening longform segment from the program as a podcast…..Audacy is partnering with independent podcaster Aaron Lammer on today’s release of the first two episodes of his newest project, “Exit Scam: The Death and Afterlife of Gerald Cotten,” a documentary podcast series exploring the 2018 death of Cotten, the founder of Canadian digital currency platform QuadrigaCx. The first episode is available right now everywhere podcasts are available, while the second episode is available exclusively on Audacy. This unique windowing strategy will allow listeners who want more of this thrilling true crime series to get their fix immediately on Audacy where listeners will get early access to episodes before all other platforms…..Blavity Inc., the diversified digital media company behind “AfroTech,” “21Ninety,” “Travel Noire,” “Shadow and Act,” and “Blavity News,” partners with Charlamagne Tha God’s and iHeartMedia’s The Black Effect Podcast Network to distribute its podcast for Black entrepreneurs and moguls in the making titled, “Black Tech Green Money with Will Lucas.” Lucas is an entrepreneur, content creator, and the brand manager at Black tech digital platform AfroTech, the world’s largest Black tech digital platform. The podcast presents the stories of successful Black entrepreneurs and technologists, as well as actionable advice and wealth-building strategies from a Black perspective…..Audacy’s Cadence13 is partnering with bestselling author, activist, and thought leader Glennon Doyle for her “We Can Do Hard Things,” podcast on which she will share stories of her life and explore topics including love, relationships, parenting, mental health, recovery and more.

COVID-19, Cheney vs GOP/Influence of Trump, Pipeline Hack, Gaza Strikes, Gates Divorce Controversy, Golden Globes Troubles Among Top News/Talk Stories Yesterday (5/10). The rate of positive COVID cases in the U.S., concerns about variants, vaccine hesitancy, and India’s death toll; U.S. Rep. Liz Cheney’s battle with the GOP over the “stolen election” and Donald Trump’s influence over the party; the hack of the Colonial Pipeline Networks by DarkSide and the effect on gas supplies in the Eastern U.S.; the battle between Israel and Hamas over the potential eviction of Palestinians from Jerusalem; the growing controversy over the divorce of Bill and Melinda Gates and the Jeffery Epstein connection; and the Hollywood Foreign Press Association’s Golden Globe Awards lose NBC’s broadcast in 2022 over diversity problems were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Friday, March 12, 2021

| March 12, 2021

NOW POSTED: This Weekend’s Installment of “The Michael Harrison Wrap: An Overview of the National Conversation.” The latest installment of the 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 “The New Abnormal” looks back at this past week of March 8-12, 2021.  The program features guests (in order of appearance): Kevin Casey, executive editor, TALKERS magazine; Michael Berry, talk show host, KTRH, Houston / Michael Berry Network;  Grace Curley, talk show host, WRKO, Boston / Howie Carr Radio NetworkDom Giordano, talk show host, WPHT, Philadelphia / “Readin’ Writin’ and Reason” podcast; Rob Carson, talk show host, Newsmax TV / “What in the World?”; Thom Hartmann, talk show host, WYD Media; and Victoria Jones, executive director, DC Radio Company.  The 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; WGMD, Rehoboth Beach, DE; 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; WSAR-AM/FM, Fall River, MA; WIZM-AM/FM, La Crosse, WI; WMVA, Martinsville, VA; the Virginia Talk Radio NetworkCRN Digital Talk Radio Network; the iHeart Podcast 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.

Saga Communications Reports Q4 2020 Net Revenue Down 10%; Decline of 24.9% for Full Year. In reporting its financial data for the fourth quarter of 2020 and the full year, Saga Communications, Inc says fourth quarter and year-end 2020 revenue and the related net income continue to be impacted by the COVID-19 pandemic. Net revenue was $28.8 million for Q4 2020, a 19.1% increase over net revenue for the third quarter, but a decline of 10% compared to Q4 2019. For the full year of 2020, net revenue was $95.8 million, a decrease of 24.9% from the $123.1 million in net revenue it posted in 2019. Back to the fourth quarter of 2020, station operating expense decreased $1.9 million to $21.1 million compared to the same period last year.  Station operating income was $9.1 million for the quarter compared to $10.5 million for the fourth quarter last year and operating income was $5 million for the quarter compared to $5.4 million for the same period last year.  Saga posted a net loss of $1.9 million for the full year 2020 that included a non-cash impairment charge of $5.2 million. Without the impairment charge the company would have reported net income of $1.7 million for the period. Saga Communications’ balance sheet reflects $51.4 million in cash on hand as of December 31, 2020 and $56 million as of March 8, 2021. The company’s total bank debt remained at $10 million as of year-end 2020.

WEEI, Boston’s Dale Arnold to Leave Sports Talk Station. Boston sports media personality Dale Arnold – a staple at Entercom’s WEEI-FM since its inception as a sports talk outlet 30 years ago – will leave the station and his role as co-host of the “Dale and Keefe” midday program after today’s show. The Boston Globe has the story here. Although the soon-to-be-65-year-old Arnold on Thursday told listeners, “I’m going to retire from the radio business. I am not going to be coming back after tomorrow’s show,” he’ll continue his role as studio host for Boston Bruins hockey broadcasts on cable TV’s NESN. The Globe’s Chad Finn says it’s expected that Andy Gresh – who exited Cumulus Media’s WPRO-AM/WEAN-FM, Providence in January of this year – will be partnered with Rich Keefe for middays going forward. Arnold told listeners his decision to leave WEEI – and not accept the offer to do part-time work there – was personal. “Some of you know this and some of you don’t. My wife had to retire from her employment in September, she’s had some medical issues. And you start thinking about things. You start thinking about, you know, ‘I’d like to spend some more time with her. I’d like to have one full-time job instead of two. I’d like to have summer months to go back to my home state of Maine and enjoy myself more.’”

Salem New York Debuts Evening ‘Bring Back NYC’ Show. Hosted by regular evening personality Kevin McCullough, Salem Media Group’s New York news/talker WNYM-AM “AM 970 The Answer” is launching a new nightly broadcast that “will be a deep dive into areas of life relevant to relaunching arguably the most important city on planet earth.” Salem New York says the program will feature specific expertise designed for this unique moment in the nation’s recovery. Monday nights will feature the expertise of “Millionaire Maker” Hilary Kramer in the markets and money. Tuesday nights the journey will be guided by veteran travel expert Valerie D’Elia. Wednesday nights focus on the medical expertise of Nicole Saphier MD, FOX News senior medical contributor and physician at Memorial Sloan Kettering Medical Center. The law is the focus of Thursday nights with Arthur Aidala Esq. Friday nights will play host to PR pro Cristyne Nicholas, who serves as chair of the 109-year-old Broadway Association. McCullough says, “Given the mighty struggle our city and people have faced in the aftermath of the COVID pandemic, political mismanagement, criminal riots, and the longest extended closures of business in the city, we asked ourselves the question of how we could best answer the needs of the city, and I’m here to let them know, ‘help is on the way!’ What greater good can we do with the airwaves than help turn on the lights, smiles, and lives again in the city that never sleeps?”

Edison Research ‘Infinite Dial 2021.’ It’s “the longest-running survey of digital media consumer behavior in America – tracking mobile behaviors, internet audio, podcasting, social media, smart speakers, and more.” Noting that, “‘more’ now includes radio,” consultant Holland Cooke summarizes the latest findings, and includes a download link to the report. Read it here.

Jonathan Hutton Ousted from Tennessee Titans Radio Team. Former WGFX-FM, Nashville “104.5 The Zone” radio personality Jonathan Hutton will not be part of the radio broadcast team for the NFL’s Tennessee Titans for the 2021 season. Hutton recently left “The Zone” to become part of Clay TravisOutkick digital platform on which he’ll co-host the “Outkick 360” program with fellow former “Zone” hosts Chad Withrow and Paul Kuharsky. On his website, Kuharsky quotes Cumulus Nashville VP and market manager Allison Warren, who says, “Jonathan Hutton has certainly been a big part of 104.5 The Zone’s Titans Radio broadcast over the years. However, regrettably Jonathan declined our offer to continue with 104.5 The Zone deciding to pursue other opportunities which has impacted his role on the Titans Radio broadcast.”

TALKERS News Notes. The anniversary of the official beginning of the coronavirus pandemic in the U.S. is the impetus behind the CBS News Radio series that reflects on the past year. The series will be featured on CBS News top-of-the-hour and “World News Roundup” broadcasts airing Monday through Friday of next week (3/15-19)…..Entercom announces the launch of “BetQL Countdown to Tip-Off,” a six-episode series of special NCAA men’s college basketball tournament programming that launches tomorrow (3/13). Led by Nick Kostos, host of BetQL Audio Network podcast “You Better You Bet,” “BetQL Countdown to Tip-Off” will serve as breakdowns of the NCAA men’s college basketball tournament, featuring a mix of sports betting insight. The show will also welcome talent from across Entercom’s portfolio of sports stations, including Travis Thomas, WTEM, Washington; Mike Valenti, WXYT, Detroit; Danny Parkins, WSCR, Chicago; and Marc Malusis, WFAN, New York…..PodcastOne, a subsidiary of LiveXLive Media, announces the debut of “The Rock Podcast with Denny Somach.” Rock historian and radio producer Somach goes deep undercover on “The Rock Podcast” to shine new light on the soundtrack of the most exciting decades in music, bringing on guests to talk about their career experiences and using Somach’s own personal library of thousands of interviews to bring the lives of the most legendary rock stars who matter to the forefront. Upcoming guests include Nancy Wilson from Heart, Steve Lukather from Toto, Jon Anderson of Yes, and John Densmore of The Doors. PodcastOne chairman Norm Pattiz says, “Denny is a fantastic producer with a track record that goes back decades. His knowledge of music history and love of rock ‘n’ roll is second to none. I love his work and now millions will be able to access that work on PodcastOne,”…..New York City was hit early and hard by the pandemic, and during those first bewildering days and weeks, WNYC’s call-in news program “The Brian Lehrer Show” was a life raft for New Yorkers seeking information, answers, and companionship. To commemorate the one-year anniversary of the shutdown that forever altered New York City, the program plans two special events: a broadcast on Tuesday (3/16) at 10:00 am called “Reading Their Names” in which, for 90 minutes, 484 listeners who will read the names of 1,780 people in the New York listening region who have died from the virus. The second is “WNYC’S 2020 Time Capsule” – broadcast on Thursday (3/18) that culminates the programs assemblage of its 2020 time capsule that is a repository of listener calls, news reports, and personal submissions by New Yorkers sharing what they have been through that’s saved on a hard drive to be safely stored alongside the transmitter atop the Empire State Building. The capsule will be opened in 2031.

iHeartMedia Names Nicky Sparrow SVP of Multi-Cultural Sales. Moving from her current position as market president for iHeartMedia Jacksonville to the new corporate position SVP of multicultural sales is Nicky Sparrow. In this role, Sparrow will be responsible for leading multicultural ad sales revenue for the Markets Group division. Sparrow will apply her deep knowledge of multicultural audiences and strong relationships with multicultural ad agencies and brands to build, drive, influence, and execute strategic multicultural initiatives across the iHeartMedia sales organization. She says, “I’m thrilled for this next step in my career. I’ve been with iHeartMedia for more than 20 years, and I can’t wait to take my experience and strong relationships with partners and advertisers to further deliver and create innovative and effective multicultural opportunities for our consumers that will not only grow our portfolio of assets, but represent and truly connect with our diverse audiences.”

Stimulus Package and the Economy Tie for Top News/Talk Story This Week. The Biden administration’s $1.9 trillion COVID relief bill and the state of the U.S. economy combined as the most-talked-about story on news/talk radio for the week of March 8-12, landing atop the Talkers TenTM. At #2 this week was the crisis at the U.S.-Mexico border and Joe Biden’s immigration policy. Coming in at #3 was the number of COVID-19 cases in the U.S., concerns about variants and the rollout of vaccines. 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 from TALKERS magazine. It is published every Friday at Talkers.com. See this week’s complete chart here.

 

 

Producer Wanted for Syndicated Morning Show. A nationally syndicated morning show is searching for an experienced producer to help generate content and show prep. The successful candidate will have 3-5 years’ experience producing a lifestyle-based show. The individual we’re looking for will have the ability to check their ego at the door and dig deep to provide show prep and occasionally deliver on-air content. Although we’re a national show with a significant nationwide and worldwide footprint, we’re a small operation and very much a family. The successful candidate will understand the high-pressure nature of the business but also understand how to operate with minimal direction with strong personalities. This is a full-time, remote position; relocation is not required. Salary is commensurate with experience. Finalists will be required to sign a non-disclosure agreement. Learn more about this position here and send materials to: Dtc_exec@yahoo.com.

Morning Drive News Anchor-Host at Top 25 Market East Coast Station. Looking for a news air talent who can write and read news for a local, current events issue-driven morning show. Prefer an air talent who is comfortable expressing an opinion on the hot topics of the day. Interested? Submit a demo mp3 and resume ASAP. Apply confidentially to talkradiogig@gmail.com. The radio station is an EOE and females are encouraged to apply.

Wednesday, November 4, 2020

| November 4, 2020

POST-ELECTION DAY UNCERTAINTY: News/Talk Media Braces for Even Further Polarization.  As indicated yesterday in TALKERS, news/talk media programmers and on-air hosts are contemplating what life will be like after the election (see story below), weighing the impact various potential scenarios will have upon their positioning and preparing themselves for inevitable changes in the political landscape. In this era of targeting audiences based on their political predisposition, or what TALKERS founder Michael Harrison yesterday (11/3) described as “the daily dance of affirmation,” the results of this election could have a profound impact on the ideological stances of talk show hosts going forward. Now, a day later, at the time of the posting of this item, the final result of the election is still undetermined as the nation awaits accurate counts in several battleground states. Harrison, notes, “We now know one extremely important thing that wasn’t certain yesterday – there will be no blow out.  There will be no so-called blue or red wave.  There will be no clear-cut confirmation of a basic direction agreed upon by an obvious majority of Americans. That means more, not less, polarization and the further intensification of fear, anger, and political tribalism. One of the greatest obstacles to creating viable objective journalism and social healing in such an environment is the prevailing attitude, ‘if you are not with us, you are against us.’”

Saga Communications Q3 Revenue Rises Dramatically from Q2; Still Down 26% from Q3 in 2019. Reporting on its revenue for the third quarter of 2020, Saga Communications says, “Third quarter revenue and related net income continue to be materially impacted by disruptions to businesses and service providers activities due to the COVID-19 pandemic. From the net revenue low point in April the company’s revenue has significantly increased in each of the following months. The company continues to concentrate on new revenue strategies and enhanced engagement with its existing and new advertisers.” Saga’s net revenue for Q3 2020 was $24.1 million, a 43.1% increase over Q2 of 2020 but 26% lower than the $31.3 million reported in Q3 of 2019. Station operating income was $6.1 million for the quarter, a decrease of 42% from the same period in 2019. Station operating expense decreased $4 million to $19.6 million for the quarter compared to the same period last year. Operating income was $247,000 and Saga took a net loss of $950,000 for the quarter, compared to the gain of $3,3 million it reported in the third quarter of 2019. Among the publicly traded U.S. radio companies, Saga Communications is positioned well going forward as it has $49.8 million in cash on hand as of November 2, 2020. Its total bank debt is just $10 million as of the end of the quarter.

Country WCOL-FM, Columbus PM Jock Brandon Boxer Doubles Up to Host Mornings on News/Talk WTVN-AM. Columbus Business First reports that iHeartMedia has filled the morning show host role at news/talk WTVN-AM, Columbus with Brandon Boxer, currently the afternoon host and assistant program director at sister country station WCOL-FM. Boxer replaces Joel Riley, who along with producer Tom Schmid were laid off in this latest round of staff culling at the company. Boxer will continue in his roles with WCOL. He tweeted on Monday: “Today was a tough one for some of my colleagues & very sad. I feel very weird announcing this, but tomorrow I begin a new journey hosting mornings on [610 WTVN]. It’s extremely bittersweet & I’m scared to death, but here we go.”

Jason Lewis Comes Up Short in U.S. Senate Race. Former Minneapolis talk radio host Jason Lewis (also a former GOP congressman from Minnesota) was unsuccessful in his bid for the U.S. Senate seat held by Tina Smith. She won the special election to fill the seat vacated by Al Franken in 2017 and was running against Lewis for her first full, six-year term. Lewis began his talk radio career as a weekend host on KOA-AM, Denver. He worked in the Twin Cities market as a talk host at KSTP and KTLK. His talk show was eventually syndicated by Premiere Networks and Genesis Communications Network. He’d also served as a talk host at WBT-AM/FM, Charlotte.

PPM Analysis: Sports Talk. TALKERS magazine managing editor Mike Kinosian presents a look at the performances of radio stations based on data from Nielsen Audio’s October 2020 PPM survey, today focusing on sports talk. The transition from the September PPM survey to the October PPM survey was good for sports talk radio as 65% of sports talk stations were up (6+ weekly AQH share) compared to the 18% that were down and the 17% that were flat. Gainers were led by iHeartMedia’s KFXN-FM, Minneapolis “K-FAN” (+2.9); Cumulus Media’s WGFX-FM, Nashville “104.5 The Zone” (+2.4); and Cumulus’ KTCK-AM/FM, Dallas “The Ticket” (+2.1). However, a look at year-over-year numbers gives us a look at just how far many sports talk stations fell due to the COVID-related shutdown of live sports as 72% of sports talk stations in PPM markets were down compared to the October 2019 survey and just 22% improved. Those stations showing growth were led by KTCK-AM/FM, Dallas (+2.3); KFXN-FM, Minneapolis (+1.4); and Cumulus’ KNBR, San Francisco (+0.9). KFXN-FM was the only sports talk outlet to rank #1 in its market during the October 2020 PPM survey. See Mike Kinosian’s complete report here.

Election Day, COVID-19 Stats & Projections, the Economy & Financial Markets Activity, State Marijuana Votes/Oregon Decriminalizes Hard Drugs, IS-Inspired Terror Attacks, and China Halts Ant Group IPO Among Top News/Talk Stories Yesterday (11/3). The presidential election between Donald Trump and Joe Biden, as well as the races for U.S. Senate and U.S. Rep seats; the U.S. economy and the election day activity in the world’s financial markets; several states vote to legalize marijuana and Oregon decriminalizes small amounts of hard drugs; the Islamic State-inspired terror attacks France, Vienna, and Kabul; and the Chinese government stops the IPO of Jack Ma’s Ant Group were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Music Radio News and Career Moves. Detroit radio personality Mark “Meltdown” Milligan is celebrating his 25thanniversary at Beasley Media Group’s rock WRIF-FM. “Meltdown” began his career with the station on November 1, 1995 as the overnight jock. He later moved to the evening show host role and in February of 2009, he replaced Detroit legend Arthur Penhallow as the afternoon drive personality. Beasley Media Group Detroit director of programming Scott Jameson says, “One of the reasons legendary brands become ‘legendary’ are personalities that over time, develop a true connection and deep bond with the audience. In the nearly 50-year history of WRIF there have been two afternoon drive jocks. ‘Meltdown’ continues the rich legacy of outstanding air talent on WRIF. Congratulations on your 25th!”…..Service Broadcasting Group is looking for a high-profile entertainer to join the cast of the KKDA, Dallas “K104”-based “DeDe in the Morning” show that is nationally syndicated via Compass Media Networks. Service Broadcasting Group head of content George “Geo” Cook and #TeamDeDe are launching a national talent search for an entertainer, influencer, and storyteller who can collaborate with host DeDe McGuire and lead co-host Lady Jade to add their own authentic personality and powerful point of view to “DeDe in the Morning.” Email your video expressing why you are our next big star, along with your resume package, including an audio demo (aircheck), social media links, and podcast audio clips to SBG HR manager Debbie Henry at debbie.henry@K104fm.com. EOE.

Wednesday, May 6, 2020

| May 6, 2020

Chris Oliviero Returns to Entercom as SVP/Market Manager for New York. It’s been almost two years since Chris Oliviero left his EVP of programming role with Entercom. On June 1, he returns to the company’s New York offices as senior vice president and market manager for the station group that includes all-news WINS-AM and WCBS-AM, sports talk WFAN-AM/FM, and alternative WNYL “ALT 92.3,” classic hits WCBS-FM, and country WNSH-FM. He assumes the role previously held by Susan Larkin, who was promoted to company chief operating officer. Larkin says, “Chris is an exceptional leader with proven success developing talent, growing many of our leading brands, and building a thriving culture. We’re thrilled to welcome him back to take the helm of his hometown where his energy, passion and drive will help further raise the bar of excellence in the top media market in the country.” Oliviero originally transitioned to Entercom as the company acquired the CBS RADIO properties.  He worked for CBS for 22 years and was a senior manager for CBS for years. He comments, “Radio in New York is an incredibly special place, so to have the chance to return to a collection of the most iconic and influential brands on the dial is humbling. Our stations are in many ways the soundtrack of the city. I am confident that along with all my Entercom New York colleagues we will add to this legacy. I can’t wait to reconnect with so many old friends and of course meet new ones as well.”

Sandhill Media to Launch New Talk Station in Idaho Falls; Neal Larson and Julie Mason Recruited for Mornings. There’s no exact launch date set for the new format but Sandhill Media Group says it will move its CHR format off KAOX-FM, Idaho Falls and install the new “Newstalk 107.9 FM” format with market morning duo Neal Larson and Julie Mason as hosts of the AM drive show. Larson and Mason left their positions with Rich Broadcasting’s crosstown news/talk KID last month.  The station plans to air Westwood One’s Mark Levin program as well as other national programs.  Neal Larson is also serving as program director for the station.  He says, “We’re thrilled at the opportunity to not just continue doing what we love to do, but also join the great and talented team at Sandhill and build something from the ground up. It is a unique opportunity at a truly unique time in our community, state, and country. We can’t wait to unveil to the whole region what we’re putting together.”  Mason adds, “While being part of a brand-new station is an incredible opportunity, what we really love is what happens after – building a community of informed and loyal listeners on one side, and also watching that audience create huge value for our advertisers on the other.”  Station OM Will Kezele, says, “We have a fantastic core of music stations here at Sandhill, but the one piece we’ve been missing is a news/talk station. This is our moment to fill that void and create something that will be a valuable part of east Idaho for many years to come.” Sandhill will move the CHR format to KAOX-HD2/K286BU at 105.1 FM.

Kim Guthrie to Leave Cox Media Group President and CEO Post. This change comes as a surprise to industry watchers and one has to wonder what caused Cox Media Group president and CEO Kim Guthrie to decide to “move on from the organization after a 22-plus year career with the company.” In a press release, CMG says executive chairman Steve Pruett will serve as interim CEO until a permanent CEO is named. He says, “On behalf of the board of directors, we would like to thank Kim for her decades of service to Cox Media Group and her leadership during the company’s transition to new ownership. She has been instrumental in positioning CMG for future success as an industry-leading media company.” Guthrie, who will work with Pruett on an orderly transition, comments, “We have built a strong foundation for future growth, including an exceptional senior management team, a successful carveout from Cox Enterprises, and deep, long-term relationships with our communities, customers and partners. I have full confidence in this great team at CMG and I look forward to watching CMG’s future achievements.”

Saga Communications Reports Q1 Financials; Net Revenue Dips 6.5%. The first broadcasting company to report its first quarter 2020 financial data is Saga Communications, Inc and its report comes with a huge caveat – this report doesn’t reflect the hit the company has taken from April 1 to now.  Saga states net income increased to $1.7 million from $1.4 million in the first quarter of 2019, an increase of 20.3%.  However, net revenue was $26.1 million for the quarter, a decrease of 6.5% from Q1 2019 in which net revenue was $27.8 million. Free cash flow was $1.5 million for the quarter ended March 31, 2020 compared to $2.6 million for the same period last year.   Saga reports having $47 million in cash on hand as of May 4, 2020. It says in its report, “The COVID-19 global pandemic continues to spread, and state and local ‘shelter-in-place’ orders in the states where we operate have impacted and restricted various aspects of our business. Our operations are functioning, subject to regulated restrictions and safety constraints we have enacted in order to protect our employees and customers. As a result of the current challenging economic conditions, our reported results for the three months ended March 31, 2020 are not reflective of current market conditions. The company’s advertising revenue has declined significantly as a result of the pandemic and these unfavorable trends have continued into May and June. While we cannot reasonably estimate the length or severity of this pandemic, an extended economic slowdown in the U.S. could materially impact our consolidated financial position, consolidated results of operations, and consolidated cash flows in fiscal 2020 or beyond.”

PPM Analysis: Extra. TALKERS magazine managing editor Mike Kinosian presents the “Extra” edition of his monthly study of Nielsen Audio’s 6+ ratings data from the March 2020 PPM survey. He says this “Extra” coverage of each PPM sweep in the foreseeable future will uniquely detail month-to-month shifts among news/talk; all-news; public radio news/talk; and sports talk stations. Among this month’s data is: A ranking of the strongest spoken-word markets among the 48 PPM markets – #1 is Washington, DC, followed by Boston at #2 and San Francisco at #3; a ranking of the markets that most improved over the February 2020 PPM survey – Portland saw a 4.0 share gain from month to month, with Seattle close behind with a 3.8 share improvement; a ranking of the stations that achieved the highest increase from February to March – Entercom’s WBBM-AM/WCFS-FM, Chicago is the winner here; as well as a look at the stations losing the most ground, month to month (hint: sports talk).  See the entire report here.

Entercom All-News Stations Honored with Awards. Two of Entercom’s all-news stations were recently honored for programming quality.  KCBS-AM/KFRC-FM, San Francisco garnered 10 2019 Associated Press Television and Radio Association Awards – eight first place awards and two second-place awards. KCBS won first place for Outstanding News Operation, Best Evening Newscast, and Best Spot News Coverage, among others. Meanwhile, the company’s WINS, New York took home three 2020 Excellence in Broadcasting Awards first-place honors from the New York State Broadcasters Association.  “1010 WINS” won for Outstanding Spot News, Outstanding Newscast, and Outstanding Use of Digital Platforms.

COVID-19 Statistics and Projections, Rush to Re-Open, Scrutiny of China’s COVID-19 Response, Presidential Race/Joe Biden Allegations, and Financial Markets Activity Among Top News/Talk Stories Yesterday (5/5). The number of confirmed COVID-19 cases in the U.S. and the death toll plus the projections of future cases; the debate over ‘lives vs livelihood’ as states begin to re-open their economies; the accusations that China tried to hide the coronavirus outbreak; the presidential race and Tara Reade’s allegation of sexual assault against Joe Biden; and activity among the world’s financial markets were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

TALKERS News Notes. Nobody covers the New York City sports radio scene more colorfully than the New York Post’s Andrew Marchand, and in today’s column he speculates about the possible return of former WFAN-AM/FM morning personality Craig Carton now that radio executive Chris Oliviero is returning to Entercom as SVP and market manager of its New York stations. Of course, Carton is currently serving a three-and-a-half-year prison sentence after being convicted of fraud in a concert tickets Ponzi-scheme. Marchand notes that Oliviero and WFAN program director Mark Chernoff put together the team of Boomer Esiason and Carton back in 2007…..ABC News’ “World News Tonight” anchor David Muir interviewed President Trump in Phoenix on Tuesday as the president was in the city visiting a plant that makes face masks. Muir is featured on ABC Audio’s “Start Here” podcast with host Brad Mielke speaking about his interview with the president…..Entercom launches a daily “I’m Listening” capsule. The 60-second public service announcements, an extension of the company’s annual, yearlong “I’m Listening” mental health awareness initiative, features the voices and thoughts of artists, celebrities, media hosts, and mental health specialists. The daily capsules will feature singer and songwriter Halsey; former American Olympic swimmer Michael Phelps; singer, rapper, songwriter and flutist Lizzo; singer, songwriter and multi-instrumentalist Allessia Cara; rock band Blink-182; Rock and Roll Hall of Fame inductee and former Nirvana member Krist Novoselic, and more to help listeners navigate the complexities of this global health pandemic…..Three new iHeartRadio Original Podcasts launch today. “Fierce,” co-produced by Tribeca Studios, is hosted by Jo Piazza and explores the stories of extraordinary women who never made it into history books; “Flashback: History’s Unintended Consequences” in conjunction with OZY Media, is hosted by OZY’s Sean Braswell who explores disastrous turning points, dangerous ideas, crazy coincidences, unsung heroes, and forgotten villains in history; and “The Trend Reporter,” hosted by four-time Emmy award-winning TV personality and journalist Mara Schiavocampo, is a weekly show that will help listeners figure out which wellness, beauty, style, and fitness trends are actually worth trying…..Cumulus Media’s Westwood One Podcast Network welcomes two shows to its platform: “The Stacking Benjamins Show,” with host Joe Saul-Sehy and co-host Josh Bannerman teaching listeners about personal finance through headlines, guest experts, and plenty of humor. The hour-long, magazine-style show drops each Monday, Wednesday, and Friday; and the spin-off program “Money with Friends” with Joe Saul-Sehy and Bobbi Rebell who are joined each season with a rotating cast of thought leaders providing fresh perspectives and unique insights to the personal finance news and issues discussed on the podcast.

Music Radio News and Career Moves. In Jacksonville, iHeartMedia launches a regional Mexican format branded “El Patrón 97.3” on translator W247CF (fed by WKSL-HD2). The translator had been fed by sports talk WFXJ-AM. Jacksonville iHeartLatino GSM Jorge Lopez says, “I am grateful to be part of a company that sees Hispanic growth in Jacksonville, by adding another radio station and Hispanic brand to our market. With this launch, we confirm our commitment to the community and our solid growth in the communications industry in North Florida, covering 100% of the Hispanic market with our ‘Rumba’ brand and now with ‘El Patrón.’”…..SiriusXM launches the “Mandatory Metallica” channel through the month of May featuring the band’s biggest songs, rarities, and concert recordings from throughout its history. The channel is embarking on a 30-date “virtual Metallica tour,” which will air a daily concert from the band on tour around the globe, including the band’s exclusive SiriusXM concert from 2013 at the Apollo Theater in New York City and their 2016 concert at New York City’s Webster Hall.