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Thursday, October 14, 2021

| October 14, 2021

Ramsey Solutions’ Borrowed Future Premieres Today; Teachers Given Free Access to Share with Students. The student load documentary produced by Ramsey Solutions is being released today (10/14) and the company is offering every teacher in the U.S. free access to the film. Borrowed Future: How Student Loans Are Killing the American Dream is produced by Dave Ramsey and is now available on Amazon Prime Video, Apple TV and Google Play. Ramsey Solutions says the film uncovers the dark side of the student loan industry and exposes how it’s built to work against borrowers. Dave Ramsey – CEO of Ramsey Solutions, host of “The Ramsey Show,” and executive producer of the film – comments, “It’s ironic to me that the dumbest decisions we make as a society are related to education, of all things. Student loans are not the only way to get a degree. Young people need to know all their options instead of settling for student loans because it’s ‘normal.’ Normal is broke.” The main subjects of the documentary are college graduates who owe between $9,000 and $1 million in student loans, a debt-free college graduate, and high school students who haven’t yet questioned the norm of student loans – until now. Borrowed Future is directed by David DiCicco and features experts such as Seth Godin, Dave Ramsey, Seth Frotman, Kristina Ellis, Dr. John Delony and Anthony ONeal, as well as the CEO of the mikeroweWORKS Foundation, Mike Rowe. See more about Borrowed Future here.

Audacy Offers $45 Million in New Notes to Fund ‘Small Digital Acquisition.’ A subsidiary of AudacyAudacy Capital Corp – plans to offer, subject to market conditions and other factors, $45 million in aggregate principal amount of the Issuer’s 6.500% senior secured second-lien notes due 2027. Audacy says it is in the process of completing a small digital acquisition for approximately $40 million and expects to fund this acquisition through a draw on the Issuer’s revolving credit facility. This acquisition is expected to close in October 2021, subject to customary closing conditions. Audacy intends to use the net proceeds from this offering (after deducting discounts and commissions and paying offering-related expenses) to repay outstanding amounts under the Issuer’s term loan to offset the impact of the revolver draw. This offering is not conditioned upon the consummation of the acquisition, nor is the acquisition conditioned on the consummation of this offering. The Additional Notes are being offered as additional notes under an existing indenture, dated April 30, 2019, pursuant to which the Issuer previously issued $425 million in aggregate principal amount of its 6.500% senior secured second-lien notes due 2027. The Additional Notes will have identical terms (other than issue date and offering price) as the Existing Notes. The Additional Notes will be fully and unconditionally guaranteed on a senior secured second-lien basis by each direct and indirect subsidiary of the Issuer that guarantees the Issuer’s senior secured credit facility. The Notes and the related guarantees will be secured on a second-priority basis by liens on substantially all of the assets of the Issuer and the guarantors. The Additional Notes will be offered in a private offering exempt from the registration requirements of the U.S. Securities Act of 1933 and will be offered and sold only to persons reasonably believed to be qualified institutional buyers.

NAB’s Marconi Awards to Happen Virtually; Radio Show to Merge with NAB Show Permanently. With the cancellation of the in-person NAB Show this fall, the
National Association of Broadcasters announces the presentation of the 2021 NAB Marconi Radio Awards and the State of the Industry Address by NAB president and CEO Gordon Smith will take place virtually on November 10 at 2:00 pm ET via NAB.org/watch. At the same time, NAB announces that going forward, the annual Radio Show will be integrated into the NAB Show beginning in April 2022 in Las Vegas. NAB says, “This change provides more opportunities in one location for radio professionals and elevates radio in the larger media ecosystem represented at NAB Show.” NAB adds that the integrated event in Las Vegas will feature signature awards, networking events and a comprehensive conference program, including popular sales and marketing sessions presented by the Radio Advertising Bureau. RAB president and CEO Erica Farber comments, “It’s important that we continue to bring radio professionals together to network, celebrate audio and engage in meaningful discussions around the future of our industry.” Salem Media Group president of broadcast media and NAB joint board chair David Santrella states, “In today’s world where radio companies are essentially multimedia companies, the value in attending NAB Show cannot be overstated. We are now streaming and podcasting and even producing video. NAB Show provides unparalleled access to the critical tools, knowledge and connections we need to grow and thrive in today’s media business.”

Nielsen: AM/FM Radio Listening Near its Highest Point in a Year. Results from Nielsen’s ongoing Audio Consumer Sentiment survey that addresses current American feelings about the COVID pandemic and how it impacts their lives have been released and they indicate that nearly nine in 10 (86%) say they are spending the same amount or more since the Delta variant emerged. Despite the Delta variant and increasing COVID cases in the summer, more than eight in 10 (82%) don’t think their own financial situation will change in the coming months. Also, radio’s average quarter-hour (AQH) audience trend is up 4% year over year, with 7.5 million people age 12+ listening during an average quarter-hour in PPM Markets in September 2021. Radio’s reach trend is stable. Radio reached 121.5 million consumers in PPM markets during an average week in September 2021. In Continuous Diary Measurement markets, Radio’s reach and AQH audience have been remarkably stable during the past year. The study finds that seven in 10 working Americans now work outside the home – an 80% jump since April 2020. The gain in those who work outside the home is a key statistic for audio since consumers spend more time with radio when they travel in vehicles to get to work or shop. There were also big gains in the area of transportation. Overall, nearly a third (31%) are spending more than an hour in their vehicles yesterday compared with 14% in April of last year. That’s a two-fold increase, and heavy radio listeners are far more likely to spend more time in their vehicles. In September, 55% of heavy radio listeners spent more than an hour in their vehicle yesterday.

Warren Eckstein’s ‘The Pet Show’ to Celebrate 40 Years on Air. In November, Warren Eckstein will celebrate the 40th anniversary of his radio program “The Pet Show with Warren Eckstein.” His program is syndicated nationally via Radio America. In addition to his work as a pet behaviorist and TV-radio personality, Eskstein founded the Hugs & Kisses Animal Fund – a  not-for-profit organization in memory of his late wife, Fay. Its mission is to fund hundreds of small animal organizations across the U.S. The Hugs & Kisses Animal Fund aims to be the outsourced fundraising arm for small animal rescues when other financial resources are unavailable. Speaking about his show, Eskstein says, “Unlike most talk radio shows, my focus is on the listeners and callers. I rarely do interviews, because for 40 years, pet guardians are calling with questions they need answers to. My show has listeners with four generations of pets. We’ve laughed together and cried together. There is a level of trust the show has built with my audience – they know I will never endorse a product unless I personally use it for my pets. My reputation is on the line with every show.”

CBS News Honored with Four Honors from New York Festivals 2021 Radio Awards. The winners of the New York Festivals 2021 Radio Awards have been announced and CBS News earned four honors in this year’s competition. “The Debrief with Major Garrett” took home the Gold Award in the News Podcast category; “Mobituaries with Mo Rocca” earned a Silver Award in the Narrative/Documentary Podcast category; “My Life of Crime” from “48 Hours” correspondent Erin Moriarty was a finalist in the Narrative/Documentary Podcast category; and “Century of Sound” was a finalist in the Best Nonfiction Series category.

TALKERS News Notes. Imaging firm Benztown promotes Thomas Green to director of custom imaging and appoints Royce Stevenson to the custom imaging manager role that Green held prior to his promotion. With Benztown since 2019, Brooklyn, New York-based Green is the audio producer for National Geographic’s FYC Podcast “The Making Of.” Stevenson joins Benztown from Audacy’s KDGS-FM, Wichita “Power 93.5” where he was most recently assistant brand manager and music director…..KMG Utopia Studios, TalkShoe, and Mark Krantz Productions announce that award-winning actor Joe Pantoliano and his daughter Daniella Pantoliano are kicking off season two of their popular podcast, “No Kidding? Me Too!” at Advertising Week NY 2021 with a live Q&A on Monday, October 18 at 4:30 pm ET and a virtual session on Tuesday, October 19 at 2:00 pm ET. The two will conduct an intimate interview with Kelly Carlin – author, performer, and life coach – the only child of comic legend George Carlin. She’ll share her family’s struggle with mental health, addiction, and healing. Joe Pantoliano says, “We are thrilled to bring this important conversation to Advertising Week. It is important for us to collaborate with brands and advertisers on the increasing intensity of brain Dis-Ease, the co-occurring nature of addiction, and how to discover a recovery process. This is a perfect opportunity to raise the volume on recovery.”…..Stitcher announces its acquisition of “The Bellas Podcast” hosted by sisters, WWE Hall of Fame Inductees, TV personalities, and best-selling authors Brie and Nikki Bella. Before going on hiatus in spring 2021, “The Bellas Podcast” was part of the Endeavor Audio network. As it relaunches, hosts Brie and Nikki will produce the show with support from Stitcher.

Former Baltimore Talk Host Alan Christian Dies at 81. The Baltimore Sun has the obituary for Alvin Eugene Christian Jr., a.k.a. Alan Christian, who hosted talk radio programs on Baltimore radio stations during the 1970s and 1980s.  Christian died on October 5 at age 81 after suffering from heart complications. During his career, Christian hosted talk shows on WBAL-AM, WERQ-AM, and WFBR-AM. His radio career launched in 1967 when he joined Metromedia Radio News to cover the Pentagon and the 1968 presidential campaign before being promoted to Washington bureau chief. He joined WCBM-AM in 1971 and moved to WBAL in 1974 to host “The Alan Christian Show.” At the end of his radio career, he hosted a weekly show on WERQ from 1992 to 1993 before retiring.

Supply Chain Crisis, Oil Prices/Inflation, SS COLA, COVID-19, Debt Ceiling/Biden Spending Bills, January 6 Investigation, China’s Taiwan Aggression, and Jon Gruden Case Among Top News/Talk Stories Yesterday (10/13). The broken global supply chain’s effect on the U.S. economy; near-record high oil prices and the inflation affecting retail prices; Social Security announces cost-of-living increases for monthly recipients; the rate of COVID-19 cases in the U.S. and the controversy over mask & vaccine mandates; the battle in Congress to raise the debt ceiling and the negotiations over President Joe Biden’s $1 trillion infrastructure bill and the $3.5 trillion reconciliation bill; the investigation into the January 6 Capitol attack; China’s continuing military aggression against Taiwan; and NFL coach Jon Gruden resigns from the Raiders due to racist emails were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Tuesday, March 3, 2020

| March 3, 2020

Todd Herman Returns to KTTH, Seattle for Mornings. In Seattle, Bonneville moves talk show host Todd Herman across the hall to conservative news/talker KTTH to host the morning show, replacing Saul Spady.  Herman had been the afternoon drive host at KTTH before becoming one-third of the “Candy, Mike and Todd” show that replaced “Ron and Don” in afternoons on sister KIRO-FM in January of 2019.  That show lasted just a year.  Station program director Mike Salk says, “There is no one with more passion for his beliefs than Todd.  He connects with his audience and creates a lasting bond.  We’re thrilled to return his energy to our Northwest listeners.”

Cumulus and Nielsen Extend; Add Continuous Diary Measurement in 14 Markets. This deal between Cumulus Media and Nielsen Audio runs through 2022 and extends Nielsen Audio Measurement services for the company while adding Continuous Diary Measurement for 120 stations in 14 markets and the Local Nielsen Media Impact service for its Dallas, Atlanta and Chicago markets.  Nielsen says Local NMI provides “unparalleled local media planning and cross-platform optimization including TV, radio and digital outlets in each of the 44 Local NMI markets.”  Cumulus EVP operations Bob Walker comments, “We are eager to work with Nielsen to evolve how we measure the changing consumer landscape with audio.  This extension helps us understand how Continuous Diary Measurement and Local Nielsen Media Impact may help drive advertising results while we work together to measure audio engagement for local station content and national network content moving forward.”

Seton Hall Disinvites WABC’s Sid Rosenberg from 2020 Election Panel. In story by Thomas Schwartz posted to Seton Hall’s The Setonian, WABC, New York talk host Sid Rosenberg is being disinvited to the Seton Hall campus for the WABC Town Hall event scheduled for March 10 after students protested.  The “Election Central Decision 2020” discussion was to have included Rosenberg along with WABC midday co-host Juliet Huddy and moderator Seton Hall professor Matthew Hale, Ph.D., but student Stefan Ferreira posted some of the controversial comments Rosenberg made on the air over the years – including the one referencing singer Kylie Minogue’s cancer diagnosis that got him fired from the “Imus in the Morning” program in 2005 – and the backlash caused the school to rescind Rosenberg’s invitation to the campus.  Neither the station nor Rosenberg have commented publicly.

John Catsimatidis’ Red Apple Media, Inc. Closes on WABC, New York. It’s now official. The deal to transfer ownership of news/talk icon WABC, New York from Cumulus Media to Red Apple Media has been completed. WABC announced Monday (3/2) that the iconic New York City news/talk radio station has been acquired by Red Apple Media Inc., a subsidiary of Red Apple Group, Inc. which owns and operates assets in the energy, real estate, finance, insurance, and supermarket industries. John Catsimatidis, founder, chairman, president and CEO, Red Apple Group, confirmed that the transaction to acquire the storied talk radio station was completed, effective today. “We look forward to working with this legendary New York staple radio station with all of its employees and talent,” says Catsimatidis. “It is exciting for our company to be stepping into the broadcasting industry with WABC as the anchor for our growing media assets.” Chad Lopez, VP/market manager, WABC, notes, “This is truly a great day for 77 WABC, its listeners and advertising partners. We’re thrilled that John Catsimatidis, a true New Yorker, has acquired WABC and are excited to move forward together into the bright future of talk radio in New York City. John’s passion for radio, along with his appreciation of the rich history of the station, makes this partnership ideal as we work together to give New York City what it deserves: the best news/talk station in the city.” Dave LaBrozzi, program director, WABC, adds, “John Catsimatidis shares the same vision and passion for building WABC, and having him join us is going to be such a great asset to this station. We know that this new step for WABC will help the station to achieve its highest potential.” WABC will reportedly continue its current programming lineup, which includes a mix of locally produced and nationally syndicated shows. TALKERS publisher Michael Harrison issued the following comment on the acquisition: “This is quite possibly the most important radio ownership transaction of the past several years. A local business person with significant assets who has demonstrated a lifetime love for radio acquires a major market heritage station with the promise of strengthening its service. This could be just the model that sets the stage for radio’s next renaissance! The industry’s eyes and ears will be on this one.”

Nathan James Assumes Digital Content Manager Role at SummitMedia Omaha. Marketing and digital content pro Nathan James joins SummitMedia’s Omaha station group to serve as digital content manager.  James was most recently director of marketing partnerships and promotions for Adams Radio Group in Salisbury, Maryland.  The company says that James will “oversee the creation and implementation of a new ‘360’ digital content generation strategy plan, as well as other digital marketing and promotion efforts for each of the Omaha brands.”  He’ll work with new promotions director Rome Voltmer “to create organic digital and promotional content, develop unique tentpole events, and custom campaigns for current and future clients.”

Radio Companies Presenting at Investors Conferences. Both radio and digital giant iHeartMedia and smaller market operator Townsquare Media will be at Deutsche Bank’s 28th Annual Media, Internet & Telecom Conference March 10 in Palm Beach.  iHeartMedia CEO Bob Pittman and COO/CFO Rich Bressler will participate in a question-and-answer session on that day.  A live webcast of the session will be available to the public through a link on the investors homepage of iHeartMedia’s website.  Townsquare Media executives will appear at both the Deutsche Bank conference and at the Guggenheim Broadcasting Symposium at Guggenheim Partners’ offices on March 5.  At the Guggenheim Broadcasting Symposium, CEO Bill Wilson and CFO Stuart Rosenstein will be available for one-on-one meetings with investors.  At the Deutsche Bank conference, Wilson will participate and be available for one-on-one meetings with investors.

TALKERS News Notes. Georgia talk show host Erick Erickson reports that his daily, statewide syndicated midday show (separate from his PM drive show on WSB-AM/WSBB-FM, Atlanta) responded to news that Georgia now has two cases of the coronavirus by leveraging his statewide radio presence to help government officials reach listeners across Georgia.  Erickson reports that both Senator David Perdue and Governor Brian Kemp joined him on his show to discuss the situation in Georgia.  This Friday, Vice President Mike Pence is expected to also join the program to talk about the spread of the virus inside the United States.  Erickson’s show is distributed by the Georgia News Network…..Genuine Austin Radio’s sports talker KTXX-FM/KTAE-AM/K270CO, Austin makes a talent shuffle. Midday personalities Brad Kellner and Rod Babers move to PM drive alongside Kevin DunnChad Hastings leaves PM drive to co-host middays with Trey Elling.  Jeff Howe and Craig Way are the new late-morning show.  Bucky Godbolt and Erin Hogan remain the morning drive hosts…..Cumulus Media gives up the licenses for two AM stations.  Gone from the company’s portfolio are WRWM-AM, Macon, Georgia and KSLZ-AM, Amarillo, Texas.  WRWM had been airing a sports talk format as “1500 The Fan.”  KSLZ had been dark for the better part of the last year…..Entercom’s news/talk WCCO-AM, Minneapolis and the MLB’s Minnesota Twins announce a multiyear broadcast extension through the 2023 season. WCCO continues to serve as the team’s flagship station and, for the first time, all spring training, regular season, and postseason games will also air on sister country outlet KMNB-FM “102.9 The Wolf.”…..Talk host Michael Patrick Shiels, whose morning show is syndicated across Michigan, is again producing his show on March 17 live from Benner’s Hotel in Dingle, County Kerry, Ireland in celebration St. Patrick’s Day.  Shiels says, “We will provide live coverage of the Dingle Parade as it passes down Main Street in front of Benner’s Hotel.  We will also interview many of Dingle’s colorful community leaders, characters, musicians, and more.  Benner’s general manager John Foley will discuss Ireland’s world-renowned hospitality and cuisine.  Shiels’ program has, in the past, featured the likes of “Riverdance’s” Michael Flatley, Irish President Mary Robinson, and Irish golf star Darren Clarke.

Beth Nifong Joins CMG Atlanta as GSM. Sales pro Beth Nifong joins Cox Media Group as general sales manager for the Atlanta cluster that includes news/talk juggernaut WSB-AM/WSBB-FM and three music brands.  She was most recently GSM for Beasley Media Group’s Charlotte station group.  CMG Atlanta director of sales Jaleigh Long says, “Beth Nifong is a strategic leader with a proven track record for driving client results and developing top talent.  I’m confident that Beth will propel the CMG integrated media sales organization into the future as we continue to drive a thriving ROI for our clients and partners.”

Coronavirus, Presidential Race/Buttigieg and Klobuchar Exit, Financial Markets Activity, Chris Matthews Retires, Israeli Election, Jack Welch Dies, and Kobe Bryant Crash Scene Scandal Among Top News/Talk Stories Yesterday (3/2). The status of the coronavirus pandemic; Democratic candidates Pete Buttigieg and Amy Klobuchar drop out of the race the day before Super Tuesday; the U.S. financial markets rebound after the previous week’s record losses; MSNBC talk host Chris Matthews retires unexpectedly in the aftermath of allegations of sexist behavior; the Israeli election and Benjamin Netanyahu’s future as Israel’s leader; former General Electric chief Jack Welch dies; and the LA deputies accused of taking and sharing photos of the Kobe Bryant crash scene were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

PPM Analysis: Rhythmic CHRTALKERS magazine managing editor Mike Kinosian presents a look at the performances of radio stations based on data from Nielsen Audio’s January 2020 PPM survey, today focusing on the rhythmic CHR format.  While more than 50% of rhythmic CHR stations in PPM markets saw their weekly, 6+ AQH share go up compared to the Holiday 2019 survey, 67% of those stations saw those ratings decrease from January 2019 to January 2020.  See the entire report here.

More Music Radio News and Career Moves. Dallas country outlet KPLX “99.5 The Wolf” announces that “The All-New Wake Up With the Wolf Show” now features Brian Moote and Tara as co-hosts.  Moote joins the Cumulus Media station from his most recent gig as a cast member of “The Bert Show” and Tara was most recently host of the morning show on iHeartMedia’s crosstown hot AC KDMX “NOW 102.9.”…..Programming pro Brad Steiner is appointed program director for three of Cumulus Media’s New Orleans radio stations: alternative WZRH “ALT 92.3,” country WRKN “NASH Icon 106.1,” and classic hits KKND “106.7 The Krewe.”  He comes to New Orleans from Chattanooga where he was APD and afternoon drive host  at CHR WDOD-FM “Hits 96.”…..WBAB, Babylon, New York (Long Island) morning personality John “JP” Parise is being honored by the Town of Babylon for his 20 years on the air at the station with a road named after him.  Town supervisor Rich Schaffer, deputy supervisor Tony Martinez and the rest of the town board are renaming a portion of West 15th Street in Deer Park “John ‘JP’ Parise Way.”  Parise grew up on the block and lived there until his mid-20s.  He host the rock WBAB morning show with partner Roger Luce…..SummitMedia brings Tamo Sein aboard to host the midday show at hot AC WURV, Richmond “Play 103.7” and KQCH, Omaha “Channel 94.1.”  Sein – who was most recently on air hosting middays at iHeartMedia’s alternative KYSR, Los Angeles “ALT 98.7” until exiting last August – will voice track the show for KQCH.