Tag: "CBS Corp"
Monday, September 26, 2016
Kim Guthrie Named to Replace Retiring Bill Hoffman as President of Cox Media Group. After 38 years with Cox, Bill Hoffman is retiring from his Cox Media Group president post at the end of the year. Taking over in January will be current executive vice president of national ad platforms and president of Cox Reps, Kim Guthrie. Cox Enterprises president and CEO John Dyer says, “Kim has been with Cox for nearly 20 years and is an inspirational leader who has helped our media properties transform. She played a key role in the successful creation of Cox Media Group in 2008 and has been recognized as one of the media industry’s most influential leaders. She is a natural fit to ensure Cox Media Group continues to deliver innovative products and compelling news content.”
Report: CBS RADIO to Take on $1.5 Billion in Debt. This report from Reuters, says that sources are telling it that CBS RADIO is preparing to take on as much as $1.5 billion in debt ahead of its initial public offering that’s expected to take place but still has no firm time frame. According the report, the bulk of the proceeds would be paid back to parent CBS Corp. with the rest to be used by CBS RADIO for “general corporate purposes.” In its report, Reuters notes that “a radio company IPO may be a tough sale as new digital competitors have emerged and depressed advertising sales for the medium for years.” Read the Reuters story here.
Lew Dickey Pens Book on Changing Media Landscape. The book is published by Tourbillion International – a subsidiary of the Dickey family-owned Modern Luxury Media – and is titled, The New Modern Media – Remaking Media for a Mobile Culture. We now know what Lew Dickey has been doing since he was ousted from the Cumulus CEO role last year. The book is described as “an indispensable guide to the profound and disruptive changes rocking the media industry. It examines the implications of a new, mobile culture and challenges the widely held belief that most media companies’ true source of profits is their content. It makes the case for the importance of distribution as a key driver of firm value in the legacy media
business model, be it a newspaper, magazine, record label, television network, local broadcast television or radio station.” In the book Dickey makes the case for why traditional “radio broadcasters will be unlikely to benefit from subscription revenue for their core service, leaving them highly exposed to the ad markets.” iHeartMedia chairman and CEO Bob Pittman is quoted reviewing the book, “I’ve spent my entire professional life in the media business, and today technology is enabling media to evolve at an ever-faster pace to meet consumers’ changing needs. Lew’s book is a timely resource for anyone working or investing in the media industry – shedding an important light on some of the critical challenges and opportunities inherent in today’s vibrant and complex media landscape.” Pittman’s iHeartRadio just announced a two-tier subscription service last week – clearly another step in the grand plan to transform iHeartMedia from a legacy radio company to a competitor in the digital entertainment industry. But getting back to Lew’s book, it’s a safe bet this will be the talk of the radio business this week.
Mike Gallagher Broadcasts from Hofstra University. In advance of tonight’s first presidential debate between Hillary Clinton and Donald Trump, Salem Radio Networks syndicated personality Mike Gallagher broadcast his program from Hofstra University on Long Island, the site of tonight’s debate. Gallagher’s guests included pollster Pat Caddell, Republican National Committee communications director Sean Spicer, Trump campaign co-chair Sam Clovis, and, via telephone, vice presidential candidate Mike Pence. Gallagher says, “I’ve bird-dogged these candidates through the primaries and caucuses and both national conventions. So, it is a thrill to bring my audience into the final hours of preparation for this historic debate which is expected to draw 100 million or more via radio and TV.”
iHeartMedia Launches New Tucson Talk Station. This will be a sister talk station to iHeartMedia’s existing news/talk KNST and consists primarily of syndicated fare. KTZR flipped from Spanish music to talk this morning (9/26) as “The Talk of Tucson.” The programming lineup is: Premiere’s Glenn Beck in morning drive, followed by USA Radio’s “Trending Today USA with Rusty Humphries,” Westwood One’s “The Savage Nation,” KTRH, Houston-based, syndicated personality Michael Berry, local personality Rob Hunter, Premiere’s “AMERICA Now with Meghan McCain,” “Ground Zero,” “AMERICA Now Rewind,” and GCN’s Alex Jones.
Alan Henry Memoir Published. One of the progenitors of modern day talk radio and the all-news formats has written his memoir. Alan Henry’s new book is titled, A Man And His Medium: An Indelible Signature on Radio Television Cable. It was a young Alan Henry – charged with turning around Metromedia’s poorly rated KLAC, Los Angeles – who hired raconteur Joe Pyne to host the evening program. Pyne had just been fired by crosstown KABC. Henry and programmer Jim Lightfoot gave Pyne control over his show content and the program took off, eventually being syndicated to more than 250 radio stations. Henry’s influence continued when, after leaving KLAC, he joined Westinghouse in New York and proposed a new all-news format for WINS. He was named sales manager of the station and, although it took a while to bring advertisers around, history reveals its eventual success.
The Presidential Race/First Debate, Police Shootings of Blacks, Syrian Civil War/U.S.-Russian Military Tensions, George Bush-Michelle Obama Photo, Growing National Anthem Protests, MLB Playoff Push and NFL Action Among Top News/Talk Stories Over the Weekend. The activities of presidential candidates Donald Trump and Hillary Clinton and the buildup to this evening’s debate; the aftermath of the recent Tulsa and Charlotte shooting deaths of black men by police; the Syrian civil war and Russia’s role in the bombing of Aleppo and air convoys; Saturday’s dedication of the African American History Museum in Washington and chatter about the widely published photo of Michelle Obama hugging George W. Bush; National Anthem protests spread to the college football ranks; the playoff push in Major League Baseball, and Sunday’s NFL action were some of the most-talked-about stories on news/talk radio over the weekend, according to ongoing research from TALKERS magazine.
Odds & Sods. There are changes in the air talent lineup at ESPN-owned/Cumulus operated KESN-FM, Dallas. Matt Mosley leaves the station and his afternoon drive partner Tim Cowlishaw. Midday personality Mark Friedman also exits the station where he co-hosted with Steve Dennis. There are rumors in the market that Dennis will join Cowlishaw in afternoons and Jean-Jacques Taylor and Will Chambers will take over the midday show…..Radiohio-owned sports talker WBNS, Columbus “Sports Radio 97.1 The Fan” extends its relationship with the NHL’s Columbus Blue Jackets for another three seasons. WBNS’ partner – Southeastern Ohio Broadcasting System’s alternative WWCD “CD102.5” – will serve as the secondary signals for the team’s games…..GatesAir announces three important wins in Vietnam that signify the over-the-air TV and radio transformation taking shape across the Asia-Pacific region. Vietnam Television recently placed two orders for transmitter network expansions. On the radio side, Vietnam is investing in existing FM infrastructure with improvement and expansion projects. Voice of Vietnam, the national radio broadcaster, recently ordered five Flexiva air-cooled solid-state transmitters — two 5kW and three 10kW models — for VOV4, which serves as the broadcaster’s Ethnic Languages Channel.
The Yappy Tour Rolls On. Prolific radio talk show producer turned author Bernadette Duncan recently brought her “Yappy Tour” to the television viewers of Western Massachusetts by appearing as a guest on the WGGB-TV (ABC-40) “Western Mass News” to discuss her buzz-worthy book, Yappy Days; Behind the Scenes with Newsers, Schmoozers, Boozers and Losers (AuthorHouse/Talkers Books, 2016). The book recounts Duncan’s 26-year career as a producer of radio talk shows working with such big-name talents as Larry King, Sally Jessy Raphael, Lou Dobbs, Tom Snyder, Gil Gross, Charles Osgood and many more during modern talk radio’s pre- and post-9/11 “golden era.” Plus, she tells stories about behind-the-scenes encounters with hundreds of guests from the worlds of show business, politics, media, business and literature. Above, Duncan (left) is pictured with newsman/show host Chris Pisano (right) on Channel 40’s “Western Mass News” midday talk show. Duncan’s national “Yappy Tour” will roll on through the remainder of the year. She has already appeared on more than 25 local and syndicated programs. Hosts and shows interested in booking Bernadette Duncan can do so by calling Barbara Kurland at 413-565-5413.
Thursday, April 14, 2016
‘Mighty 1090’ Host Dan Sileo Scores Moonves Interview; CBS CEO Explains Radio Division Philosophy. San Diego sports talk personality Dan Sileo interviewed
CBS Corp. president and CEO Les Moonves on XEPRS “The Mighty 1090.” Sileo asked the chief about his attitude towards radio as a business in light of the company’s announcement it is considering all options for its radio stations, including selling them. Moonves expanded on his previous comments, telling Sileo the current business is “a world for us that is
keyed in video. Radio is still a wonderful, wonderful business. So our intent is to spin off radio so it’s its own self-standing company, which will fit better than being a part of a big conglomerate like ours, which is keyed more on television.” Moonves pointed out radio is a slow-growth business compared to video but he says he’s bullish on the ability of CBS RADIO’s 117 stations to function as a “great stand-alone company.”
TALKERS 2016: Bridging the Generations Nearing Sellout – Hotel Discount Ends Today. The 19th annual installment of the talk radio and media industries’ longest-running and most important national convention, TALKERS 2016: Bridging the Generations, set for Friday, May 20 on the campus of Hofstra University on Long Island, is nearing a sellout. More importantly, the amazing ($169) hotel discount available to conference attendees at the adjacent Long Island Marriott ends today (4/14)! Don’t miss out! People planning to register or who are registered but have yet to book hotel accommodations should move quickly to get the benefit of this significantly low price. To book with the hotel directly, please click here. TALKERS 2016: Bridging the Generations will feature more than 65 outstanding industry speakers in back-to-back general sessions from 8:00 am to 8:00 pm on Friday, May 20 including keynote addresses, panel discussions, “Breakfast with Hannity,” “Salem Luncheon,” and “Hofstra Radio Closing Reception,” plus the latest technology exhibits, live broadcasts, and fantastic networking opportunities. Total cost per person: $299. Open only to media professionals. For full registration, sponsorship and latest agenda information, please click here.
The Presidential Race/ Tonight’s New York Democratic Debate, U.S.-Islamic State Military Strategy, Russian Planes Buzz American Destroyer, Chicago Police Report, and Golden State’s Record Attempt Among Top News/Talk Stories Yesterday (4/13). The activities of the candidates for president and tonight’s Clinton–Sanders debate in New York City; President Obama’s speech at CIA headquarters touting the U.S. military efforts against Islamic State; the buzzing of a U.S. destroyer by Russian war planes; a task force report concluding institutional racism in the Chicago police department is released; and the Golden State Warriors’ attempt to set the record for most wins in a season were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.
Nielsen Audio Releases Second Round of March 2016 PPM Data. The third of four rounds of March 2016 PPM ratings data from Nielsen Audio has been released for 12 markets including: Portland, Charlotte, Pittsburgh, Sacramento, San Antonio, Cincinnati, Cleveland, Salt Lake City, Las Vegas, Kansas City, Orlando, and Columbus. The March 2016 survey period covered February 25 – March 23. You can find the complete ratings from subscribing stations here. Additionally, TALKERS/RadioInfo managing editor Mike Kinosian provides his “Twelve Takeaways” from this group on the main page of our sister publication here.
Tom Leykis’ Pedal to the Metal Syrah Almost Sold Out. The 2014 Santa Ynez Valley syrah crafted by California Central Coast winemaker Joshua Klapper and talk show host Tom Leykis himself has been bottled and, according to Leykis, is just about sold out. In all, 120 cases of the wine were made available to California residents (due to shipping regulations). In typical Leykis fashion, he says the idea to create a unique wine and market it to fans was something he came up with years ago. “No one we worked with in radio wanted to hear about it, so we went and did it ourselves. There IS hope for those in talk radio working for dying companies: Stop being someone’s employee who just punches a clock to do talk shows with rants about the wonders of the ‘free market’ and start being an entrepreneur to live that freedom. I wonder how many hard-core conservative talk show hosts have ever actually run a business themselves. I’ve had plenty of success and financial rewards from years of working for radio stations and syndicators, but never had a day in which I was more proud.” Tom Leykis will appear on the “Generating Revenue in the Digital Era” panel at the TALKERS 2016: Bridging the Generations conference at Hofstra University in Hempstead, New York on Friday, May 20.
Odds & Sods. The nationally syndicated pet program “Animal Radio” announces it now has 132 affiliates with the addition of WFNC, Fayetteville, North Carolina. The two-hour, weekly show – hosted by Hal Abrams – is in its 15th year in syndication…..Tonight (8:00 pm ET), SiriusXM is airing a special program in tribute to the career of retiring Los Angeles great Kobe Bryant on the NBA channel. Bryant played his final NBA game with the Lakers last night, capping a 20-year career…..Alpha Media news/talk WHIS, Bluefield, West Virginia takes home honors from the West Virginia Broadcasters Association’s “Excellence in Broadcasting Awards.” WHIS was given the highest honor of the night, “Legendary Station of the Year,” along with “Best Talk Show” for “Radio Active,” hosted by Craig Hammond. Dan Acquire won the “Best Sportscast” award for 2016…..Sun Broadcast Group brings the Cromwell Radio Group and Greater Media aboard the Shazam For Radio platform. The interactive radio service is being used on the 20 Cromwell stations and Greater Media’s WBOS-FM…..Alpha Media is working with software provider Aptivada to power its contesting, promotions, and database management. The software allows Alpha to tie everything into one system and have the ability to run national contests, promotions and sales-driven campaigns from the top down.
Wednesday, March 16, 2016
CBS to Explore Options for Radio Division. The company has always enjoyed the cash flow that the CBS RADIO division brought to its bottom line but CEO Les Moonves has often indicated that radio is not a core business for CBS Corp. Yesterday’s announcement by Moonves at a CBS investor day that the company will explore “strategic options” for the radio division in order to “hone its asset portfolio” is being greeted by the radio industry with mixed emotions. Potential buyers are thrilled by the thought of acquiring CBS’ heritage, major market signals, but few operators have piles of cash on hand and it will require taking on debt to
buy these stations in a climate where debt can be difficult to pay off. TALKERS magazine publisher Michael Harrison offers the following comments on the Moonves announcement, “Broadcast (FM/AM) radio can still be a very viable business if stations can be acquired at realistic prices. There is still a lot of life left in the medium if it can run within a business model that makes sense per the times. Also, broadcast radio has a large audience and provides a vital set of services for millions of Americans. It just needs to be relieved of stifling debt. Radio has to be able to afford to do radio. Fresh capital within a realistic debt structure and the influx of invigorated, passionate ownership will create a much better product for radio which will further add years of vitality to the industry.” However, Harrison points out, “CBS has been and still is one of the better-run major companies in radio, so its decision to get out – although advancing the cause of de-consolidation – is not an act of desperation as much as it is indicative of their long-term asset strategy.” Moonves told investors that it views CBS TV and Showtime as its premium brands. The company is focusing intently on its digital efforts CBS All Access and Showtime via the Internet to cater to consumers’ growing on-demand preferences. CBS owns 117 signals in 26 markets, many of those clusters are in major markets. Given what CBS hopes to get for the stations it is unlikely that one buyer will be able to swallow the whole group. Since radio is not considered a growth industry by investors, finding favorable financing for radio station acquisitions – especially in light of the enormous debt fellow operators iHeartMedia and Cumulus are dealing with – will be a challenge. Moonves said all options are on the table, meaning the company would consider a spinoff or a split as well as an outright sale. CBS RADIO’s net revenue for the fourth quarter of 2015 was down 5% compared to the same period in 2014.
American Broadcasters Participate in Radiodays Europe. Several prominent US radio broadcasters participated as speakers in the just-concluded seventh annual installment of Radiodays Europe – the growingly popular international radio convention that took place March 13-15 in Paris. Among them were TALKERS magazine publisher Michael Harrison who delivered a speech titled “Lessons Learned by American Radio During the Dawn of the Digital Era” and moderated a “Fast and Curious” roundtable discussion titled, “Making Radio Indispensable;” Jacobs Media CEO, Fred Jacobs who participated in a group presentation titled, “”Radio in Car: Dashboard Disaster;” Geller Media International president Valerie Geller who conducted a workshop titled “Create Powerful Radio,” spoke in a group session titled “30 Ideas in 45 Minutes” and debuted the brand new French language edition of her book Creating Powerful Radio; iHeart Media syndicated personality Elvis Duran and VP of talent development Dennis Clark who both appeared on the panel titled “Morning Radio Superstars
– In Talent We Trust; NPR producer Bianca Giaeve, who presented a session titled “Storytelling in New Medias” and appeared in the group session titled “30 Ideas in 45 Minutes;” and Futuri Media CEO Daniel Anstandig who presented a session titled “Winning the First Tune-In Occasion of the Day.” It was announced that next year’s Radiodays Europe will take place in Amsterdam. Pictured at right is Valerie Geller with her Puissance Radio French publishing team (l-r) Philippe Chapot, Francois Quairel and Frederic Bruhaltour at the debut of the French version of her classic Creating Powerful Radio.
Cumulus Kansas City Names Lance Tidwell Cluster OM and KCMO PD. Programmer Lance Tidwell joins Cumulus Media’s Kansas City station group to serve as cluster operations manager and program director for news/talk KCMO-AM. He’ll also supervise the Chiefs Radio Network. Tidwell was previously SVP of programming for iHeartMedia’s San Antonio cluster. On KCMO-AM, Tidwell replaces Steve Sutton who recently exited the PD and talk host roles at the station.
Odds & Sods. The photo at right shows a billboard in the Tampa market for “102.5 The Bone” morning personality Mike Calta. Cox Media Group-owned talk outlet WHPT is also promoting the afternoon drive Drew Garabo show with a similar ad. “Bone” program director John Brennan comments on the Trump-inspired boards saying, “We’re kicking off 102.5 The Bone’s ‘CamPAINFUL’ coverage and have launched a series of parody billboards ‘Trumped’ in ridiculousness only by the 2016 Election itself.” Calta will appear at the Talkers 2016:
Bridging the Generations conference at Hofstra University on May 20 on the “Millennials and the Media” panel…..It’s being reported that the Marilu Henner talk radio show will wrap after its last broadcast on March 31. The program is no longer listed on the Sun Broadcast Group site. It is distributed by Genesis Communications Network. “Free Talk Live” principal Ian Freeman reports the news to affiliate stations. His show is also distributed by GCN…..Speaking of “Free Talk Live,”
the show announces it has added new affiliates in WWHP-FM, Bloomington, Illinois; KQQQ, Pullman, Washington; simulcast KEIR, KEII, and the four translators in Idaho Falls, Blackfoot, and Pocatello, Idaho; and WSDT, Soddy-Daisy, Tennessee…..Greg Janoff returns to CBS RADIO New York as director of news sales for all-newsers WINS and WCBS-AM. Janoff was most recently with Townsquare Media as regional VP for New Jersey.
Round Two of February PPM Data Released. The second of four rounds of February 2016 PPM data from Nielsen Audio has been released for 12 markets including: Washington, Boston, Detroit, Miami, Seattle, Phoenix, Minneapolis, San Diego, Tampa, Denver, Baltimore, and St. Louis. The survey period was January 28 – February 24. TALKERS magazine’s sister publication RadioInfo has all of the 6+ numbers from subscribing stations here. In addition, managing editor Mike Kinosian presents his “Twelve Takeaways” from this batch of ratings on the main page at RadioInfo.com here.
Super Tuesday II/Presidential Race, Syrian Conflict-Russian Involvement, Scalia Replacement, U.S Immigration Policy, and ‘Pawn Stars’ Cast Member Bust Among Top News/Talk Stories Yesterday (3/15). Yesterday’s Super Tuesday II primary elections and the issues surrounding the presidential race; the Syrian conflict and Russia’s announcement it is removing its troops from the region; the controversy over the replacement of late Supreme Court Justice Antonin Scalia; debate over the immigration policy in the U.S.; and the arrest of “Pawn Stars” cast member Chumlee were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.