Tag: "Clear Channel Outdoor"
iHeartMedia and Creditors Agree to Mediation. The legal battle between iHeartMedia and 15 creditors goes into mediation after the parties agreed to extend the existing Temporary Restraining Order the media giant won preventing Notices of Default going into effect. This stems from iHeartMedia’s December 2015 transfer of a million shares of class B common stock in Clear Channel Outdoor into a shell company called Broader Media. The creditors believe this move violates the terms of their loans; iHM believes it does not. If the Notices of Default are allowed to go into effect, that could force iHeartMedia to have to try to pay back some $15 billion in debt within 60 days, something that is not possible and could force the company into bankruptcy. The parties will work until May 16 to resolve the conflict.
Adam Wiener Named to Succeed Ezra Kucharz at CBS Local Digital Media. Named to take over for Ezra Kucharz as EVP and general manager of CBS Local Digital Media is Adam Wiener, who is promoted from his SVP, content, community and operations position. He will report to both CBS RADIO president Andre Fernandez and CBS Television Stations president Peter Dunn. Kucharz is transitioning to the new role of special advisor to the chief executive officer of CBS Corporation. Fernandez comments, “Our digital effort is well on its way to realizing our vision of a powerful and compelling destination for viewers and listeners in our local markets. Adam’s proven track record within the digital industry will be vital to the ongoing expansion of our assets and distribution strategy moving forward, and we are thrilled to have him assume this leadership role.”
The Presidential Race/Indiana Primary, The White House Correspondents Dinner, Battle Against Islamic State, U.S. Immigration Policy, Louisville Confederate Monument Case, and NBA-NHL Playoffs Among Top News/Talk Stories Yesterday (5/2). The activities of the candidates for president and today’s Indiana primary election; reactions to the routines from Saturday’s White House Correspondents Dinner; U.S. military action in Iraq and Syria against Islamic State; renewed controversy over U.S. immigration policy and treatment of illegal aliens; the legal battle over the status of a Confederate statue in Louisville; and the NBA and NHL playoff action were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.
Hulk Hogan Sues Gawker Again; Adds WHPT, Tampa’s Mike Calta and Buchwald & Associates’ Tony Burton to List of Defendants. The recent court victory by Hulk Hogan, a.k.a. Terry Bollea, over media organization Gawker, in which he was awarded $140 million for the publication of a portion of a video of him having sex with Tampa-based radio personality Bubba the Love Sponge’s then-wife Heather Clem, is not the end of his legal endeavors. Hogan is now suing Gawker again for publication of the video, but this time because the racist language he used in the video cost him his employment with the WWE. In this suit, WHPT, Tampa personality Mike Calta and his agent Tony Burton (of Don Buchwald & Associates) are being named among the defendants for allegedly conspiring – along with Tampa radio personality Matt “Spice Boy” Lloyd to have the video released. Hogan is seeking unspecified damages plus attorneys’ fees.
Bold Gold Foundation Names Citizen Award Winners. On June 14, the Bold Gold Broadcast & Media Foundation – a non-profit organization that provides funding and resources to educational organizations that train tomorrow’s broadcast and media leaders – will honor Pride Mobility Products owners Scott Meuser and Dan Meuser with the foundation’s 2016 Atlas Award for Citizenship. Scott and Dan will be honored during The Bold Gold Broadcast & Media Foundation’s 2nd annual event at Mohegan Sun Pocono. The keynote speaker for the evening will be Fox News Channel chief Washington correspondent James Rosen. Foundation president Vince Benedetto says the award is being presented annually to individuals who, “through their hard work and bold actions, show what is possible to achieve in a free society, and who exhibit extraordinary dedication to the highest ideals of character, community service, entrepreneurialism, patriotism, leadership, and virtue. We’re extremely proud to be celebrating and honoring both Scott and Dan Meuser with the 2016 Atlas Award for Citizenship. Whether through their efforts in building and leading the magnificent company that is Pride Mobility, their ongoing investments in Northeast Pennsylvania, or serving the local community in the countless ways that they continually do, they embody all the attributes that the Atlas Award seeks to honor.” The Bold Gold Foundation has had an ambitious past 12 months, helping to complete the building of Hillsdale College’s first broadcast radio station and studio in Hillsdale Michigan, as well as an additional production studio at the College’s Kirby Center for Constitutional Studies and Citizenship in Washington, D.C. The Foundation encourages young people in all areas of broadcasting but it is currently placing particular emphasis on supporting advancement in the various spoken-word and informational formats such as news/talk.
Odds & Sods. This weekend’s Kentucky Derby is being carried on SiriusXM, thanks to a partnership between the satcaster and Horse Racing Radio Network. The deal includes coverage of the Preakness Stakes and Belmont Stakes, as well as the Breeders’ Cup World Championships and runs through 2018. The wire-to-wire race broadcasts for each are provided by NBC Sports Radio and produced in partnership with HRRN and Westwood One…..This year’s Stanley Cup Final series will be offered to AM/FM radio affiliates via NBC Sports Radio, distributed by Westwood One. The broadcast team will be Kenny Albert and Joe Micheletti…..Talk host William J. Kelly, a.k.a. Citizen Kelly, is launching his weekly talk show – “The Citizen Kelly Show” on WCGO, Chicago this Saturday morning (5/7) at 9:00 am.
Price: Weighing Public Safety vs Risk of Assisting Threatmongers in Reporting to Your Listeners. The recent terroristic threats against the New York City and Los Angeles public school districts – which turned out not to be true – present a bit of a potential problem for radio stations and news organizations. ABC Television director, business continuity Howard B. Price writes today in TALKERS, “Critical to the discussion is the hard reality that those who make these threats are banking on a response from both authorities AND the media. Thankfully, even in these troubled times, most threats are hoaxes made to seize on public fear. The hoaxers find out about that response the same way the rest of us do – through the media. SO what to do? As with most professional challenges, the process begins with an internal conversation, specific to your station and market. For example, do you have a policy document to guide your decision making in such dynamic breaking news situations?” Read more here.
Cumulus Media Names Suzanne Grimes to President of the Westwood One Division and EVP of Corporate Marketing Roles. According to Cumulus Media, this new role of president of the Westwood One Division “creates a unified structure that maximizes opportunities across the division’s national content and sales platform.” Steve Shaw, president of Westwood One, will continue to lead ad sales, and Charles Steinhauer, COO of Westwood One, will continue to lead operations, both reporting directly to Grimes, who in turn reports to company CEO Mary Berner. Grimes was most recently president and COO of Clear Channel Outdoor. Berner states, “When it comes to anything in media, Suzanne’s the full package. With 30 years of experience building content businesses into high-performing brands, she brings valuable perspectives from leadership roles in outdoor, mobile, social, digital, print and experiential sectors for both public and private companies, so she’s a natural choice for these important roles. I look forward to her contribution as we build a stronger, more operationally focused organization.”
Newly Re-Organized Corporate Structure at Cumulus Includes Tommy Page and Mike McVay Taking on New Responsibilities. As part of her memo to Cumulus Media staff of Suzanne Grimes’ new role, CEO Mary Berner also explained some of the other changes atop the corporate structure at the company. Working for Grimes will be the company’s chief marketing officer Pierre Bouvard and VP of social media Lori Lewis. Berner announces Tommy Page’s new title will be SVP of brand partnerships & NASH in which he’ll continue his role as leader of platform events initiatives and brand partnerships, corporate marketing function, and new duties including the development and execution of the NASH brand strategy. Berner says the company is creating a new Office of Programming in which SVP of content & programming Mike McVay will operate to “lead our content strategy across the platform, including talent recruitment and development and label relations.” Tom Schurr, SVP of operations, will work with McVay in a new role overseeing the business aspects of programming, including organization and prioritization, resource allocation, and budget responsibilities. Berner concludes, “Our belief with regard to ratings is that more local insight and more effective corporate support will result in an improved outcome. The new Office of Programming will be responsible for executing this strategy to drive ratings growth and will be rolling out more details in the coming weeks.”
Jim Bohannon to Exit ‘America in the Morning’; Continues Late Night Show. Hall of Fame broadcaster Jim Bohannon is cutting back on his duties for Westwood One and is leaving the hosting role for “America in the Morning” after the December 18 broadcast. He is continuing his work as host of the late night Jim Bohannon show. He signed a multi-year contract extension with Westwood One in February of this year. Bohannon has been the sole host of “America in the Morning” since its first broadcast in 1984. The morning magazine program airs on more than 250 stations nationwide. Taking over for Bohannon is the show’s regular guest host John Trout. He officially begins on Monday, January 18, 2016. Bohannon comments, “It’s time for me to cut back the daily schedule a bit and focus my attention on the research, interviews, and calls for my weeknight Jim Bohannon show. But I’ll still be contributing my daily feature, the ‘Offbeat,’ and my newsmaker interviews to ‘America in the Morning.’ Listeners will love John Trout as host. He’s got a stellar track record and he’s been a terrific fill-in. The show is in great hands and I wish him much success.”
Tom Leykis’ New Normal Projecting Another Profitable Year. New Year’s Eve will be the sixth anniversary of The New Normal – the audio content company founded by radio legend Tom Leykis after exiting his CBS RADIO talk show in 2009. Leykis has long been a vocal proponent of the digital delivery system for taking audio content into the future. Today, he reports that as 2015 winds down, The New Normal is financially continuing on an upward trend. Leykis tells TALKERS that revenue is up for the third straight year. Profits will increase from $23,000 in 2014 to almost $100,000 in 2015. He adds, “This means that, for the second year in a row, we will be more profitable than the top two radio companies combined.”
Odds & Sods. Are there wrinkles in the future of the Bob & Tom Show post-Bob Kevoian? TALKERS sources are hearing that negotiations between the syndicated program’s management and staff are hitting snags. Kevoian announced his retirement at the recent Radio Hall of Fame induction ceremony and although the show is moving forward with Tom Griswold continuing his role, rumors are that negotiations for contract renewals with longtime cast member Kristi Lee and contributor Ron Sexton are facing challenges…..Software platform provider Mediaocean announces it is integrating iHeartMedia within its Spectra platform. As a result, within one central system, ad agencies are able to seamlessly manage, research, and buy local digital audio inventory across the iHeartMedia digital platform. Mediaocean says users will be able to compare iHeartMedia’s audience data side-by-side with other digital audio platforms to better plan campaigns and engage the right audiences at the local level.
Covering the GOP Debate. Republican presidential candidate Donald Trump is seen here gesturing as he makes a point while speaking with Salem Radio Network personalities Mike Gallagher, Dennis Prager and Michael Medved (who are out of the picture to the right) while SRN VP news & talk programming Tom Tradup holds the mic. The exchange took place during SRN’s exclusive radio distribution of the Republican presidential debate. SRN talk host Hugh Hewitt appeared on the CNN debate panel asking questions of the GOP hopefuls.
Run-Up to Last Night’s GOP Debate/2016 Presidential Race, Refugee and Immigration Policy, Los Angeles and New York Schools Terror Threats, Battle Against Islamic State, Freddie Gray Trial, Government Shutdown Threat, and New Star Wars Film Among Top News/Talk Stories Yesterday (12/15). The build-up to last night’s GOP primary debate in Las Vegas and the activities of the candidates for president in 2016; debate over policy regarding refugees from Syria and over immigration in general; terror threats against the New York and Los Angeles public school districts and criticism over LA’s decision to cancel school; the battle against Islamic State; the wait for the verdict in the case against the first of six Baltimore police officers in the death of Freddie Gray; the move in Congress to avert a government shutdown; and the hype over the new Star Wars film were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS.