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Wednesday, June 10, 2020

| June 10, 2020

iHeartMedia Extends Furloughs for 90 Days. As first reported by Billboard, iHeartMedia announces to staffers that it is extending the companywide furloughs for another three months due to the coronavirus pandemic that has “had a significant impact on advertising revenue.” The company says it will be some time before radio station staffing levels will return to full status. This extended furlough for certain staffers will now last through September.

Pennsylvania Attorney Targets Townsquare Media with Investigation. Bensalem, Pennsylvania attorney Howard G. Smith announces an investigation “on behalf of Townsquare Media, Inc. investors concerning the Company and its officers’ possible violations of federal securities laws” in which he’s seeking qualified clients. This comes a day after the company filed a Form 8-K with the Securities Exchange Commission in which it disclosed that it had discovered an error in projected cash flows that were utilized in its valuation model. As a result, the company is reporting an impairment charge of approximately $39.4 million for its licenses and an impairment charge of approximately $69.0 million for its goodwill. It reported that certain financial statements for fiscal years 2017, 2018 and 2019 should no longer be relied upon and would be restated due to the error. Townsquare says it is “reassessing its previous conclusions regarding the effectiveness of its internal control over financial reporting and disclosure controls and procedures. Based on this assessment, the Company expects to report material weaknesses in the Company’s internal controls and therefore conclude that internal controls over financial reporting and disclosure controls are not effective.”  Smith says in a press release that “on this news, the Company’s share price fell $1.20, or nearly 19%, to close at $5.28 per share on June 9, 2020, thereby injuring investors.”

KXL, Portland Promotes Three, Adds On-Air Personality. At Alpha Media’s Portland news/talk KXL “FM News 101,” spoken word content director Bruce Collins announces the promotion of three news team members and the addition of another. Current morning and afternoon drive news and traffic reporter Brett Reckamp moves to the co-anchor chair on the station’s “Portland’s Morning News” program. He’s joined by co-anchor Veronica Carter. Previously, she’s served as West Coast regional news director for iHeartMedia and news anchor/reporter for Entercom’s WBBM-AM/WCFS-FM and Nexstar Media’s WGN-AM in Chicago. KXL assistant news director Jim Ferretti is promoted to news director and Jeremy Scott is promoted to full-time morning and afternoon drive traffic reporter. Collins says, “It’s awesome to have such a strong staff and be able to promote from within. With the addition of Veronica Carter and the promotion of key personnel, it puts KXL in an extremely strong position.”

WGN-AM, Chicago Adds ‘Sunday Standards with John Williams’ to Weekends. Chicago heritage news/talker WGN-AM adds a second music program to its weekend programming schedule beginning June 21 with the launch of “Sunday Standards with John Williams.” The Nexstar Media Group station says that following the success of “The Sinatra Hours with Dave Plier,” which ranked #2 with adults 25-54, it’s adding the new program hosted by midday talk personality and Great American Songbook aficionado John Williams to air from 9:00 pm to 11:00 pm. The show will feature a wide range of artists, including Sammy Davis, Jr., Nat King Cole, and Burt Bacharach, along with more modern artists like Linda Ronstadt, Barry Manilow and Amy Winehouse covering those songs. Williams comments, “Some of the hits we play go back 85 years, others go back 15 years. The music is really nice to listen to, and that’s the idea. I think there’s something really big about WGN Radio, a 50,000-watt AM station, energizing this music all over again – and getting people something they need right now.” Left out of the new Sunday program schedule is “The Sunday Spin: Politics with Rick Pearson” that’s been airing from 5:00 pm to 7:00 pm weekly. WGN general manager Mary Boyle says, “The success of ‘The Sinatra Hours’ has proven there is an appetite for nostalgia. This music is hard to find, and certainly not on free, over-the-air radio. John Williams has a passion for this kind of music, so it’s a natural fit.”

Kevin Wall Takes Over Afternoons on KMZQ, Las Vegas. Talk show host Kevin Wall is joining Kemp Broadcasting’s KMZQ, Las Vegas to handle the 3:00 pm to 6:00 pm show. The station says that “together with morning drive host Heidi Harris, the addition of ‘Live and Local with Kevin Wall’ gives Las Vegas Valley radio listeners more local talk than any other Vegas radio station.” Wall – who has served with such talk outlets as KFI, Los Angeles and KSFO, San Francisco – was most recently hosting a talk show on Royce International Broadcasting’s KBET, Las Vegas. Prior to that he was the afternoon personality on Entercom’s crosstown KXNT. Kemp EVP Marty Basch says, “Now more than ever with what’s happening in our country and locally, KMZQ will have Las Vegas’ only live and local morning show with Heidi Harris, and now afternoons with Kevin Wall. It’s Las Vegas radio’s ‘Dream Team,’”

Bob Adams Exits Saga’s Portland Station Group. According to a story in the Portland Press Herald, Bob Adams has exited his general manager role at the Portland cluster of Saga Communications stations that includes news/talk WGAN-AM and seven music brands. The paper says that a memo sent to station staffers from SVP of operations Chris Forgy and Saga president and CEO Ed Christian indicated the reason for Adams’ departure was the need for a “more defined growth pattern” and that “a change was necessary.” The company expects to name a new general manager within the next few days. Adams’ exit comes after a number of high-profile air talent were recently laid off, including WGAN-AM talk host Ken Altshuler and music programmer and jock Randi Kirshbaum.

Round Two of May PPMs Released. The second of four rounds of ratings data from Nielsen Audio’s May 2020 PPM survey has been released for 12 markets including: Washington, Boston, Miami, Seattle, Detroit, Phoenix, Minneapolis, San Diego, Tampa, Denver, Baltimore, and St. Louis. Nielsen’s May 2020 survey period covered April 23 – May 20. You can see all the 6+ numbers from subscribing stations here. TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways for this group of markets and he reports that a number of all-news and news/talk stations that saw their weekly, 6+ AQH shares go up in April as a result of coverage of the coronavirus pandemic are starting to see those numbers fall. Cumulus Media’s news/talk WMAL-FM, Washington dropped seven-tenths to a 9.3 share but stays in the #1 position in the market. Hubbard Radio’s all-news WTOP-FM, Washington adds three-tenths and climbs into the #2 spot. iHeartMedia’s news/talk WRKO, Boston gives up a half share to finish May at a 4.8 share and the #6 rank. Sister all-news WBZ-AM also forfeits a half share for a 5.9 share finish and the #4 rank. Bonneville’s KIRO-FM, Seattle bucks the trend, adding three-tenths to wrap the May survey with a 7.2 share and the #1 rank. Meanwhile, Entercom’s all-news WWJ, Detroit drops seven-tenths to a 5.7 share and falls into the #2 rank in the Motor City. See Mike Kinosian’s complete report here.

TALKERS News Notes. The New York Post’s Andrew Marchand reports that the status of ESPN Radio personality Trey Wingo is up in the air as the sports media giant mulls its options. He currently co-hosts the morning drive show with Mike Golic. Marchand says ESPN is “reshaping its radio and NFL presentations” and with Wingo’s contract up, it’s not clear what his status with ESPN is. He says the company would like Keyshawn Johnson – who’s currently heard on O&O KSPN, Los Angeles – and Max Kellerman on its national radio platform. Johnson’s contract is up at the end of the summer…..Cumulus Media’s sports talk KNBR-AM/FM, San Francisco announces it raised more than $100,000 for Bay Area hunger relief partnering with Giving in Motion for last week’s fund drive. The money raised will provide more than 6,500 family meals, plus 1,300 bags of school supplies and household essentials to Bay Area residents impacted by COVID-19. The KNBR staff will deliver the meals to people in need at specific locations in San Francisco, San Jose, Oakland and Walnut Creek…..Cox Media Group Tulsa announces that it has helped its community partners raise more than $2 million in the first half of 2020. The cluster – including news/talk KRMG-FM, four music brands and three TV signals – says that figure does not include non-monetary fundraising efforts it has pushed through its channels. The cluster partnered with the Community Food Bank to collect more than 774 pounds of food for its annual Spread the Love campaign, collected 220 pints of blood through a drive with the Oklahoma Blood Institute, and diverted more than 93 tons of recyclable items from the dump through the inaugural Big Spring Clean. CMG Tulsa market VP Cathy Gunther says, “During times of great uncertainty, like now, people rely more than ever on the support of community partners to help them get through. This is why we have not only upheld our commitments to our current partners but have gone a step further and added a number of new events to try and help our partners jump-start donations to serve more people who are now reliant upon them.”

George Floyd Funeral/Protests, Police Reform, COVID-19 Statistics & Projections, Presidential Race, Georgia Election Problems, Russia Probe Review, Financial Markets Activity, MLB Negotiations/NFL Racism Among Top News/Talk Stories Yesterday (6/9). The funeral of Minneapolis police violence victim George Floyd and the ongoing protests taking place across the country; the calls for the reforming and de-funding of police departments; the rising and falling of confirmed COVID-19 cases as states continue the re-opening process; the November presidential election; the troubles Georgia faced holding efficient voting on Tuesday; the review of the Russia probe being led by John Durham; the world’s financial markets react to the coronavirus pandemic and U.S. unrest; and the negotiations between the MLB’s players and the league and the state of racism in the NFL were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

NEED A GUEST? We’ve Got Some Good Ones for You at ‘Expert Guests.’ Talk media hosts, producers, and bookers are advised to check out the newly expanded “Expert Guests” section of TALKERS. It is updated on a weekly basis with outstanding experts and personalities available by telephone, Skype, or Zoom for booking on radio, TV, and online talk shows. This week you’ll find a wide array of guests that includes an expert on how to generate lost revenue due to COVID-19 via online marketing, an author who writes about Islamic matters, and an expert on finance who puts the race-oriented protests, demonstrations, and riots into perspective from an economic standpoint – plus a whole lot more. To visit “Expert Guests,” please click here.

Music Radio News and Career Moves. Seattle classic hits outlet KJR-FM “95.7 The Jet” announces the debut of its new morning show, “95.7 The Jet Mornings with Jodi & Bender.” The iHeartMedia station notes that Bender previously served as a morning host on its KBKS “106.1 KISS FM” where he “became one of the most impactful on-air personalities in the Seattle region.” Jodi has served with KJR-FM since 2011. iHeartMedia Seattle market president Robert Dove says, “Putting Jodi and Bender together gives ‘95.7 The Jet’ a dynamic morning show that will be entertaining and provide civic values to our great city of Seattle. Whether it’s Seafair or Seattle Children’s Hospital, Jodi, Bender, and KJR will be there to shine a light on the good things happening in the Emerald City.”…..iHeartMedia announces that Mark Manuel is the new program director for classic rock KCQQ, Quad Cities. He’s been serving the station as APD and webmaster. He says, “I’m really grateful for the opportunity. After chasing a morning host dream for two decades, I found that I really enjoyed the programming aspect of radio for the past five years. I especially want to thank iHeartMedia for believing in me and giving me this opportunity. I’m happy to continue to be part of the team for years to come.”