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Tag: "Clark Howard"

Monday Memo: Was Rush the Format?

| May 10, 2021

By Holland Cooke
Consultant

 

BLOCK ISLAND, RI — He told us that, first-and-foremost, he was an entertainer. And was he ever. As was the late gritty iconoclast G. Gordon Liddy, second-in back when political talk radio found traction. Either of them probably could’ve read the phone book and held our attention. Local hosts chimed-into what became a conservative chorus. Yet, as they still share the same sheet music, it’s not the same without the lead singer.

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Tuesday, February 23, 2021

| February 23, 2021

Cumulus Media Reports 2020 Q4 Net Revenue Down 13.9%; Net Revenue for Full Year of 2020 Declines 26.7%. The second major radio company to report financial figures from the fourth quarter and the full year of 2020 (Beasley was first back on February 10), Cumulus Media reports net revenue of $245.8 million for the fourth quarter – a decline of 13.9% compared to the same period in 2019 – and full year 2020 net revenue of $816 million, down 26.7% from $1.1 billion reported in 2019. For Q4, Cumulus posted a loss of $249,000 a year after 2019’s Q4 income of $1.6 million. For the full year of 2019, the company posted a loss of $57.9 million compared to 2019’s full year income of $62.2 million. On the positive side, Cumulus reports that quarterly revenue improved sequentially from Q2 to Q4, both in total and excluding political; it achieved 9.4% year-over-year digital revenue growth (12.1% on a same station basis), driven by podcasting growth of nearly 40%; it generated $33.2 million of cash from operations for the full year; it completed two significant M&A transactions generating aggregate gross proceeds of $282 million; paid down $54.3 million of term loan and retired $47.2 million of senior notes; and finished the year with $271.8 million of cash on hand (an increase of $256.6 million compared with December 31, 2019). President and CEO Mary Berner comments, “Given 2020’s extenuating circumstances, I am extremely proud of the company’s performance and the efforts of the entire Cumulus team to meet the challenges posed by COVID-19. In the face of the pandemic, we maximized revenue performance, materially reduced expenses, generated cash through strong working capital management, and executed highly accretive divestitures that strengthened our balance sheet. As a result of these efforts and with a recovering economy, we believe that we are well-positioned to return our business to its pre-pandemic trajectory and to capitalize on strategic and financial options to best drive shareholder returns.”

Chad Benson Welcomes New Affiliate Stations. The Radio America-syndicated “Chad Benson Show” welcomes four new radio stations to its roster of affiliate stations: WP Broadcasting’s news/talk KRSY-AM, Alamogordo, New Mexico; WCED Rsdio’s news/talk WCED-AM, Du Bois, Pennsylvania; Fieldview Broadcasting’s news/talk KWBG-AM, Boone, Iowa; and VP Broadcasting’s news/talk WHOL-AM/W295CR Allentown, Pennsylvania. The Chad Benson Show is also heard on such signals as Bonneville’s KTAR-FM, Phoenix; iHeartMedia’s KSTE-AM, Sacramento; and Cox Media Group’s WOKV-FM, Jacksonville. Radio America says, “Listeners love Chad’s explanation of the day’s hard news delivered in a thoughtful and entertaining way. And that explains why Chad is featured on some of the most highly rated talk stations in the country and delivers the demos that talk radio needs most.”

Entercom and Pro Sports Teams Cooperate on ‘Vaccinate Michigan’ Effort. The Entercom Detroit station cluster that includes sports talk WXYT-FM “97.1 The Ticket,” all-news WWJ-AM “Newsradio 950,” and three music brands are partnering with the Detroit Lions, the Detroit Tigers, the Detroit Red Wings, and the Detroit Pistons to launch a new community initiative called “Vaccinate Michigan.” All five stations are airing state-approved public service announcements about the COVID-19 vaccination and its availability for Michigan residents. The “Vaccinate Michigan” announcements are voiced by various Entercom Detroit on-air personalities, show hosts, and news anchors, as well as some of the city’s key sports figures, including Tigers manager AJ Hinch, Tigers pitcher Matthew Boyd, Red Wings head coach Jeff Blashill, Lions head coach Dan Campbell, and Pistons head coach Dwane Casey. Entercom Detroit SVP and market manager Debbie Kenyon says, “Our company and sports partners understand the importance of getting Michigan businesses open, as well as the need of our listeners and fans to get back to work and feel some sense of normalcy. Radio serves as a crucial lifeline for the communities it serves and we’re proud to lend our influential voice in the community and our citywide footprint to deliver the important message of COVID-19 vaccinations to our listeners and fans.”

SummitMedia Enters into Podcast Deal with CurtCo Media. This strategic partnership between SummitMedia and CurtCo Media is SummitMedia’s first formal alliance with a third-party content creator for the podcast audience. SummitMedia owns and operates 47 radio stations in nine states. Los Angeles-based CurtCo Media currently produces cutting-edge quality scripted and unscripted podcast programming. SummitMedia chairman and CEO Carl Parmer comments, “SummitMedia’s partnership with CurtCo Media provides us with an exciting opportunity to develop and explore the rapidly growing podcast medium. We’ve known and watched CurtCo create engaging and innovative content for years, and we value the integrity and quality they bring to the media industry.” CurtCo Media CEO Bill Curtis says, “Having a strategic alliance and investment from SummitMedia makes this partnership the most powerful moment to date in our business development. We’re so excited to work with Greg Kelly, Carl and their team to create new dynamic programming and combine Summit’s powerful radio platform with CurtCo Media in the fast-growing world of podcasting. We believe this strategic partnership will provide sustainable value for our business and expand our audience.”

TALKERS News Notes. Longtime radio and television consumer advocate Clark Howard will receive the 2021 “Andrew Ashwood Award” at the 12th annual Talk Show Boot Camp, presented by Don Anthony’s Talentmasters and Gabe Hobbs Media being held virtually this year on March 18 and 19.  Howard, who wrapped his nationally syndicated radio program after 23 years at the end of 2020, will be presented with the award by last year’s recipient, Greg Moceri. He says, “When I was given the privilege of selecting someone who exemplified the positivity that Andrew did for our industry, it took me two seconds to say Clark Howard. Having worked and associated with him for 30 years, he was an instant selection on how many ways he has demonstrated that positivity and has helped millions through the years. ‘In Clark we trust’ impacted his knowledge and authenticity in our industry for decades and it continues today. Clark was an instant choice to carry on this great tradition of honoring Andrew.”…..The 2nd Annual Radio Cares – Feeding America is off to a great start with new and returning partners signing on in support of the nationwide radio event that raises money to provide meals for individuals and families facing hunger in America. Radio Cares is presented by Feeding America and the Independent Broadcasters Association and takes place on April 14 on radio stations across the country. Last year, in its inaugural event, Radio Cares raised enough money to purchase 5 million meals.”…..The Philadelphia Phillies and Entercom announce a new, multi-year radio deal with the MLB’s Phillies to keep sports talk WIP-FM the flagship station for the club’s radio broadcasts. The play-by-play team of Scott Franzke and Larry Andersen will be joined by Kevin Frandsen this season. Entercom Philly SVP and market manager David Yadgaroff says, “We’re eagerly awaiting the return of Phillies baseball and are happy to announce a new broadcast extension with the club. As the undisputed voice of the Philadelphia sports fan, we look forward to putting listeners right in the middle of the action through premier game day coverage and keeping them caught up with their favorite team throughout the season.”

COVID-19 Stats & Vaccines, SCOTUS Trump Tax Returns Ruling, Capitol Riot Investigation, Cabinet Confirmation Hearings, Dominion Sues Mike Lindell, and Facebook Australia News Deal Among Top News/Talk Stories Yesterday (2/22). The United States passes the 500,000 COVID death mark and the rollout of vaccines continues; the Supreme Court rules New York prosecutors can have access to Donald Trump’s tax records; today’s first Senate hearing on the January 6 Capitol insurrection; Monday’s first confirmation hearing for Attorney General nominee Merrick Garland, and the coming hearings for embattled White House budget office nominee Neera Tanden and Interior Secretary nominee Deb Haaland; voting systems firm Dominion sues MyPillow chief Mike Lindell for $1.3 billion for defamation; and Facebook agrees to Australian news deal that will pay news organizations were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Monday Memo: Who Will Replace Rush?

| January 4, 2021

By Holland Cooke
Consultant

 

BLOCK ISLAND, RI — It’s talk radio FAQ #1. GMs – excuse me, “market managers,” overseeing more-stations-than-they-have-time-to-hear – are anxious, now forced to pay attention to 15 hours a week they’ve had on autopilot for decades.

Short answer: Nobody can

Thousands of our talk radio brothers and sisters will always owe him for leading the format that extended AM radio’s useful life. On my TV show I reminded Michael Harrison of a prediction he made at the TALKERS New York conference 20 years ago, that talk will eventually save FM, where music formats are now largely robotic and under assault from streaming and satellite competitors that users love. Many pay to subscribe.

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Friday, December 18, 2020

| December 18, 2020

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, “The Good, The Bad, The Fake and The False,” looks back at this past week of December 14-18, 2020.  The program features guests (in order of appearance): Kevin Casey, executive editor, TALKERS magazine; Dr. Daliah Wachs, talk show host, Genesis Communications Network/medical doctor; Christopher Ruddy, CEO, Newsmax TV; Dom Giordano, talk show host, WPHT, Philadelphia; Steve Weisman, professor of law, Bentley University, Boston / founder Scamicide.com; and Victoria Jones, executive director, DC Radio Company. This 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, Denver “Freedom 93.7”; 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; the Virginia Talk Radio Network; CRN Digital Talk Radio Network; Pioneer 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.

Report: Wynter and Massey Show to Get 90-Day Tryout on WSB. The Atlanta Journal Constitution’s Rodney Ho reports that the weekend (and fill-in) show “Word on the Street” co-hosted by Shelley Wynter (right) and MalaniKai Massey (left) is getting a 90-day tryout in the nightly 10:00 pm to 12:00 midnight slot on Cox Media Group’s news/talk WSB-AM/WSBB-FM, Atlanta that’s opening due to Clark Howard’s ending of his regular radio programs at WSB this month. The “Word on the Street” program launched in mid-2019 as a weekly show that became a Saturday and Sunday program. Wynter and Massey have also been filling in for other WSB shows. WSB program director Drew Anderssen tells the AJC, “As a result of the breakneck pace of news in 2020 the program has been on quite a bit, tackling tough issues while keeping audiences engaged.” “Word on the Street” has a conservative-versus-liberal aspect to it as Wynter is a Trump-supporting conservative versus Massey’s progressive demeanor, but it’s not too in-your-face. Wynter comments that he “wants the show to be a bit like friends hanging out at a bar.”

Detroit Lions Jump to Entercom’s WXYT-FM Starting Next Season. The NFL’s Detroit Lions have signed a multiyear deal with Entercom to make sports talk WXYT-FM “97.1 The Ticket” the flagship station for the team’s radio broadcasts beginning with the 2021 season. Under the current deal, Lions games are based at Cumulus Media’s WJR-AM, Detroit. Entercom Detroit SVP and market manager Debbie Kenyon says, “The Lions are synonymous with the city of Detroit and this is a great opportunity to leverage our position as the unrivaled leaders in sports radio and deliver dynamic Lions content, both on game days and throughout the year. This partnership now makes ‘97.1 The Ticket’ the flagship station for all four professional sports teams in the Motor City, giving fans a one-stop destination for all of their favorite local teams.” As part of the deal, Entercom will manage the Lions Radio Network – an extensive radio network with more than 30 stations across Michigan and in northern Ohio. All Lions Radio Network programming, including live game broadcasts, pre- and postgame shows, regular season weekly shows and additional offseason programming will air exclusively on “97.1 The Ticket.”

Steve Sommers Re-Launches Overnight Show as ‘The Steve Sommers Overnight Drive.’ After his “America’s Truckin’ Network” program was cancelled by iHeartMedia’s WLW-Cincinnati early last month, Steve Sommers will re-launch his overnight talk program as “The Steve Sommers Overnight Drive” in a partnership with motor vehicle products company Lubrication Specialties Inc and its subsidiary Hot Shot’s Secret. In January Sommers will debut a new, five-hour live stream talk show (12:00 midnight to 5:00 am ET) direct from the brand-new Hot Shot’s Secret studios in the Cincinnati area. A press release says, “The initial motivation is to get Steve back on air as soon as possible, with long-term plans of massive distribution. More details on when and where to find the new program are coming soon.” Hot Shot’s Secret founder and CEO Chris Gabrelcik says, “Hot Shot’s Secret would not be here today if it was not for the persistence of Steve to give me some airtime on his overnight show many years ago when I was first starting the company. The five hours I spent in his studio that very first visit resulted in an avalanche of orders for our product and we have never looked back ever since. Hot Shot’s Secret is now the fastest growing performance lubricant company in the U.S. and I will never forget those early days when Steve was there for us when we needed it the most.” Sommers says, alluding to this past summer’s corporate dictate not to talk politics on his show, “I am excited to get back on the air. What you heard before from my show will be the same – frank talk. Trucking is a tough business, and so is radio. I actually started working in radio when I was just 15 years old in Cincinnati. Many relocations and radio stations later I had the opportunity to return to Ohio in 1996 to produce the radio show that my father Dale “Truckin’ Bozo” Sommers started back in 1984. I then took over the show in 2004 and have enjoyed every moment with my overnight listeners. This is my life. And right now, I can see that one good turn deserves another as my friend Chris Gabrelcik is doing whatever it takes to make this show a reality.”

KDWN, Las Vegas’ Steve Sanchez Named a ‘Top 30 Influencer.’ KDWN, Las Vegas early evening host Steve Sanchez has been named one of the “Top 30 Influencers” in Las Vegas by Las Vegas Entrepreneurs Magazine. Sanchez, whose show airs from 6:00 pm to 8:00 pm on KDWN, was #25 on the list. He tells TALKERS magazine that earlier this year, his program was able to donate 1,000 30-day use facemasks to the Las Vegas Children’s Hospital. Sanchez, who spent that last three weeks battling COVID-19 and pneumonia, adds, “This was very much needed by them since we did this in May, right in the middle of this horrible pandemic.” Currently, Sanchez’s program is syndicated nationally by GCN, but he says he’s ending the syndication of his program next month to “concentrate on growing my show with KDWN, focus more on my social media and digital platforms, and entertain the TV offers coming to me.”

COVID-19 Stats, Vaccines, Prevention Top News/Talk Story for Week of December 14-18. The fast-rising number of COVID-19 cases, the rollout of vaccines, and policies for prevention combined as the most-talked-about story on news/talk radio this week, landing atop the Talkers TenTM. At #2 this week was the economy, stimulus talks, and business & school closings. Coming in at #3 was Donald Trump’s denial of his election loss and the Joe Biden transition. 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.

Music Radio News and Career Moves. Next month’s “iHeartRadio ALTer EGO Presented by Capital One” is taking place virtually due to the pandemic. iHeartMedia announces that the fourth annual alternative rock show set for January 28 will be hosted by Woody, host of the syndicated “Woody Show” and will feature all-new performances and stories from Billie Eilish and the Foo Fighters. In addition, it will include previous ALTer EGO performances from BeckThe Black Keysblink-182Cage The ElephantColdplayThe KillersMumford & SonsMusetwenty one pilots, and Weezer. It will livestream exclusively for free on LiveXLive.com, the LiveXLive mobile and OTT apps for iOS, Android, Roku, Amazon Fire TV and Apple TV and broadcast live across more than 80 iHeartMedia alternative and rock stations at 9:00 pm ET…..Michael Baisden announces he’s leaving radio at the end of the year and will discontinue syndication of his daily show. He will be replaced by “The Jeff Foxx Show with Keke Brown and Nina” on the Sun Broadcast Group’s network lineup. Baisden says, “Sun Broadcast Group has been an incredible network partner and their team, along with Mike Love, have worked diligently to grow my show for the past two years. Unfortunately, due to the historic issues we faced with COVID-19 and the subsequent economic crisis, it’s been challenging to grow affiliation and revenue for the show. To that end, ‘The Michael Baisden Show’ will not be returning for 2021.”

Monday Memo: June? So Soon?

| June 1, 2020

By Holland Cooke
Consultant

 

BLOCK ISLAND, RI — I’d say “QUICK! What day is it?” But I just told you. Although by Wednesday many among us might need to double-check. Early March seems forever-ago, yet like yesterday. Life under quarantine has blurred the listener routines we need to be part of.

Waypoints were wiped-out.

Perennial occasions are life markers, except this year, when rites of spring were wronged.

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