Tag: "Crestview Partners"
Cumulus Board of Directors Installs Mary G. Berner as CEO; Lew Dickey to Remain as Vice Chairman and Director. New Cumulus Media chief executive officer Mary G. Berner has been a member of the board of directors of Cumulus since May and she replaces company founder Lew Dickey as CEO – although Dickey will remain a director of the company as serve as vice chairman. The Cumulus board of directors states Berner is a “seasoned media business operator” who previous experience includes her most recent post as president and chief executive officer of the Association of Magazine Media. From 2007-2011, she was chief executive officer of Reader’s Digest Association and, before that, chief executive officer of Fairchild Publications. The press statement continues: “During the course of her highly successful career, she has led some of the world’s best known brands and content platforms, including Glamour, TV Guide, W, Women’s Wear Daily, Every Day with Rachael Ray and Allrecipes.com.” Cumulus board chairman Jeffrey Marcus – who also serves as a partner with Crestview Partners (which manages funds that own 27% of Cumulus stock) – says, “Under Lew Dickey’s leadership, the Cumulus team has built a formidable national and local footprint, becoming the second largest operator of radio stations in the country, with more than 460 stations across 90 markets, approximately 8,500 broadcast radio affiliates and numerous digital channels serving over 225 million listeners nationwide. However, maximizing the value of these assets requires making them work together effectively and efficiently. At a time when the media landscape continues to undergo seismic transformation, Cumulus needs a broad-based media operator who can leverage its outstanding resources – from its core strength in radio to its growing presence in digital, experiential and other emerging platforms – and capitalize on the industry’s strong fundamentals. The board has had the benefit of seeing Mary in action and is fully confident that she is the right leader for Cumulus.” Berner comments, “I am honored to have been asked to lead Cumulus Media and am eager to work with the board and the company’s talented teams to implement Lew’s vision of building the next generation multi-platform media company. As the director who led the Operations Review Task Force established by the board, I have insight into the issues that Cumulus faces, but I also know the operational leverage that can be generated by first focusing on execution. Radio is a powerful and unique medium – the number one mass reach medium in the U.S. – and Cumulus possesses all of the elements to be one of the industry’s winners. I look forward to bringing a renewed focus on operating excellence at all levels and in all functions to help Cumulus realize its potential and generate improved financial performance and increased value for shareholders.” The press statement makes no mention of the status of John Dickey, EVP content & programming, but the New York Post is reporting he has exited the company and a “huge reorganization” is impending. TALKERS has not confirmed those reports. Cumulus stock, which has been battered in recent months, closed today (9/29) at 68 cents per share.
Michael Harrison Interviews Harry Hurley About “All Things New Jersey” – Including Host’s Two-Year Tenure as Senior Exec at Trump Atlantic City Hotel. In a riveting one-one-one discussion about the various ways the Garden State has been recently evoked in the national presidential conversation, Michael Harrison interviews WPGG, Atlantic City “morning mayor” (and TALKERS Heavy Hundred member) Harry Hurley on the latest installment (9/29) of the Podcast One international hit, “Up Close and Far Out.” Prior to launching a stellar 25-year career as a major New Jersey radio personality, Hurley worked directly for Donald Trump as the senior executive of one of his four Atlantic City Hotels (a job for which “The Donald” personally interviewed and subsequently supervised him) and candidly discusses what it was like being with the current GOP front-runner during those heady days along the Jersey Shore. Hurley worked with Trump personally every weekend for two years and shares important first-hand insights into the billionaire’s management style, business instincts and character. In addition, the Jersey-born talker shares his insights, based on experience, into the economic role and cultural direction of casino gambling in the nation. He also talks about his personal on- and off-air encounters with Gov. Chris Christie (including insights to “bridgegate” and the Dallas Cowboys/Jerry Jones debacle) as well as the effect that the Miss America pageant (for which Hurley has served as a preliminary judge) has on the region. Michael Harrison states, “New Jersey is an enigmatic, colorful home to nine million with its own unique set of extraordinary assets, daunting challenges and notably engaged local media. I can think of no one more qualified to provide outsiders with an accurate explanation of this endlessly intriguing, largely misunderstood state and its compelling connection to current national politics than WPGG morning master Harry Hurley.” To hear the entire podcast, please click here or click on the “Up Close and Far Out” player located in the right-hand column of every page of Talkers.com and RadioInfo.com.
Odds & Sods. Radio industry services start-up DGital Media launches a production division called DGital Media Studios. The company says the division “will focus on developing and producing proprietary audio content” and its first project is a fantasy sports platform called Fantasy Sports Voices…..AMG/Parade announces the launch of “Athlon Sports Radio” on SiriusXM. The Monday and Tuesday evening program will air from 7:00 to 9:00 ET on Sirius XM’s College Sports Nation. The program grows out of the company’s 10-plus preseason magazines covering college, professional and fantasy football, college basketball, professional baseball, golf and NASCAR. AMG/Parade was formerly Athlon Media Group which consists of the newspaper-distributed magazines Athlon Sports & Life, Parade, American Profile, Spry Living, and Relish…..British soccer legend Sir Alex Ferguson will sit down for an in-studio Q&A at the SiriusXM studios in New York as part of its “Town Hall” series. Sir Alex will chat with SiriusXM host Charlie Stillitano before a live, studio audience on Friday, October 9.
Trump Tax Plan, 2016 Presidential Race, Pope Francis Visit Aftermath, Boehner’s Exit from Congress, Obama-Putin Meeting, and Water on Mars Among Top News/Talk Stories Yesterday (9/28). The unveiling of the Donald Trump tax plan; the activities of the rest of the candidates for president in 2016; the aftermath of Pope Francis’ visit to the United States; the state of the GOP in the wake of House Speaker John Boehner’s announced resignation from Congress; the tensions between Russia and the United States and President Obama’s meeting with Vladimir Putin at the UN on Monday; and NASA’s revelation of the discovery of water on Mars were some of the most-talked-about stories on news/talk radio during the week, according to ongoing research from TALKERS.
Pursuing Truth Amid Civil Unrest. Media outlets have experienced a number of situations recently that qualify as true “danger zones” in which to send their reporters and tech crews if they choose to cover the event first hand. ABC TV director of business continuity Howard B. Price writes today about the hazards radio news staffers are facing in situations similar to what’s been happening in Baltimore and – not too long ago – Ferguson, Missouri. He presents a plan for broadcasters to follow in preparing for coverage of such news events in the future. Read his entire piece here.
Lew Dickey, Cumulus, Agree to Continuation. The co-founder of Cumulus Media will be remaining in-place for at least another three years: Lew Dickey extends his employment agreement as the company’s president and chief executive officer. In addition, he will carry on as a board member through 2018. According to board member Jeff Marcus, “We are grateful that Lew Dickey, who has built Cumulus into a leading national media business, has renewed his commitment to lead the company into the future. I look forward to continuing to collaborate with Lew to build value for our shareholders.” In other news at the Atlanta-based company, Ridgemont Equity Partners‘ Robert “Trey” Sheridan, III, will retire from Cumulus’ board when his term ends at this year’s annual stockholders meeting; Association of Magazine Media (MPA) president and chief executive officer Mary Berner will be nominated to fill Sheridan’s vacated seat. Dickey comments, “We are fortunate to be adding Mary Berner to our board. Her insights and experience will be valuable as we continue to position the company for long-term success in the changing media landscape.” Elsewhere, Cumulus lead director, Jeffrey Marcus, is appointed non-executive board chair. Marcus has been a Cumulus board member since 2011. He is a partner with Crestview Partners, Cumulus’ largest stockholder.
Red Zebra Officially Names Dan Zampillo to PD WTEM, Washington. The company owned by Washington Redskins owner Dan Snyder announces former WXYT-FM, Detroit and SiriusXM program director Dan Zampillo is taking over the programming reigns at its sports talk WTEM, Washington “ESPN 980.” The PD position opened up after Chuck Sapienza exited in the middle of the on-off-on again addition of the new “Man Cave” morning show hosted by Chris Paul and Jason Reid. Red Zebra Broadcasting CEO Rick Carmean says, “When it comes to sports, we have the best on-air talent in the area. We look forward to having Dan join our team. He brings great leadership, experience and fresh insight.”
What News/Talk Fans Are Doing When They’re Not Listening To Your Station. In a piece prepared for TALKERS magazine by Jacobs Media based on data from the company’s recently released Techsurvey 11, company president Fred Jacobs presents a media and tech profile of news/talk P1s. He notes that while news/talk P1s tend to lag behind younger demos in the tech and social media areas, that’s changing. “Fans of the format are more likely to own a tablet, listen to podcasts, and subscribe to satellite radio. They are less apt to be social networkers. Compared to just a few short years ago, news/talk devotees are catching up tech-wise with their kids. The data show that six in 10 stream video at least weekly while nearly eight in 10 own a smartphone.” See how news/talk P1s choose to use social media and why they turn to broadcast talk radio. Read the entire piece here.
Odds & Sods. From the podcast genre comes news that PodcastOne is unveiling a new series featuring TV personality and entertainment reporter Katie Wagner, and international celebrity psychic Voxx Voltair. Dubbed, “InnerView with Katie and Voxx,” it promises to combine “the hottest news in Hollywood with astrology, clairvoyance, numerology, and Tarot readings and features the latest gossip, fashion trends, and secrets from celebrity guests.”…..At the same time CBS RADIO and CBS Local Digital Media announce some new on-demand programming on its Play.it platform. New shows include podcasts from SHOWTIME Boxing Commentator Paulie Malignaggi, ELLE Style correspondent Alia Ahmed-Yahia, TED.com speaker Julian Treasure, former CNN senior executive producer Michael Schulder’s “Wavemaker Conversations,” “The Marilu Henner Show”; and “Boomer & Carton” producer Al Dukes’ interview series with media moguls called, “Al’s Boring Podcast.”…..SiriusXM is launching “Let’s Talk with Abby and Ari,” a live, one-hour weekly, call-in show hosted by MSNBC The Cycle’s Abby Huntsman and Ari Melber. The show will entail Huntsman and Melber examining the news of the day first, and welcoming tastemakers and newsmakers for interviews in a relaxed, casual style. “The show will be a conversation at the cross-section of current events, politics and entertainment.”…..ESPN 2 “First Take” moderator Cari Champion is now hosting a new weekly ESPN Audio podcast called, “espnW Presents: Be Honest with Cari Champion.” It will feature the “straight-shooting, always-honest Champion talking sports and more with A-list athletes and celebrity guests.”
Salem Radio Network to Organize Aid Drive for Nepal Earthquake Victims. Via its Washington-based SRN News, Salem Radio Network launched a campaign on its 1,600-plus affiliates nationwide to encourage donations on behalf of victims of last Saturday’s earthquake in Nepal. The network is working with Oklahoma City-based nonprofit relief organization Project HOPE. SRN will generate funds to rush food and emergency supplies to the stricken area. The effort includes Salem Radio Network nationally syndicated talk hosts Bill Bennett, Mike Gallagher, Dennis Prager, Michael Medved, Eric Metaxas and Hugh Hewitt.
Fisher House Foundation Offers Memorial Day Special to News/Talk Outlets. As it has done in the past, Fisher House Foundation is offering news/talk radio stations a three-our Memorial Day Weekend program titled, “A Hero’s Best Medicine.” Fisher House says this year’s program contains “all-new, compelling and diverse storytelling. The show shares the role that Fisher House plays in military heroes’ recovery, giving family a safe place to stay just steps from their hospital rooms.” Some of the stories told include that of Marine Cpl. Kyle Carpenter, a Medal of Honor recipient, and his family in South Carolina. Carpenter threw himself on a grenade in Afghanistan to save a fellow Marine’s life. His parents spent nearly three years in a Fisher House; and Marine Cpl. Jake Schick, a wounded warrior who attracted the attention of Clint Eastwood and landed a role in the blockbuster film “American Sniper.” Schick met his wife in a military hospital. Throughout his recovery she stayed in a Fisher House. The program is hosted by KARN, Little Rock afternoon host Doc Thompson. For affiliation details on “A Hero’s Best Medicine,” news/talk stations should send an email to email@example.com with the word “radio” in the subject line.
Baltimore Protests, SCOTUS Gay Marriage Arguments, Clinton Foundation Scrutiny, Nepal Quake Aftermath, 2016 Presidential Prospects, and Iranian Navy Intercepts U.S. Ship Among Top News/Talk Stories Yesterday (4/28). The tactics to curb the violent protests in Baltimore and the political aspects of the event; the Supreme Court’s hearing of arguments in the case challenging the anti-gay marriage laws in four states; the ongoing scrutiny of the financial operations of the Clinton Foundation; the aftermath of the earthquake that’s taken more than 5,000 lives in Nepal; the potential candidates for president in 2016 including new possibilities Bernie Sanders and Martin O’Malley; and the interception of a U.S-flagged ship in the Strait of Hormuz by an Iranian Naval vessel were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS.