Cumulus Media Q2 2021 Net Revenue Rises 54%. Reporting its financial data for the second quarter of 2021, Cumulus Media says net revenue was $224.7 million, an increase of 53.9% from the same period in 2020. During the second quarter of 2020, Cumulus posted a net loss of $36.3 million. That loss shrank almost 84% to $5.8 million in the second quarter of 2021. Cumulus Media president and CEO Mary G. Berner says, “This quarter’s results clearly reflect the success we are having in accelerating our positive revenue trajectory. In addition to the continued improvement in the core radio business, total digital revenue grew by 55% year-over-year, with each of our digital channels posting new all-time highs. Additionally, we enhanced our considerable stronghold in the news/talk ecosystem with ‘The Dan Bongino Show,’ now on over 300 radio stations – the largest launch ever for a new and original syndication. We also significantly deepened our position in the fast-growing sports betting space with an innovative and expansive multi-year, multi-platform marketing and content partnership with WynnBET, which is poised to become one of our largest clients through this new relationship.” Cumulus breaks down its revenue into Broadcast and Digital segments. The Broadcast segment is further divided into Spot and Network (Westwood One) divisions. For the second quarter of 2021, Spot revenue was $120.8 million – up 67% from Q2 of 2020 – and Networks revenue was $55.3 million – up 32.5% from Q2 of 2020. Digital segment revenue was $31.4 million, an increase of 54.5% compared to the same period in 2020.
CMG Promotes Kris Hackett to Director of Sales for Atlanta Cluster. Radio sales pro Kris Hackett is promoted from general sales manager to director of sales for Cox Media Group’s Atlanta station group that includes news/talk WSB-AM/WSBB-FM and three music-formatted outlets. In this new and expanded role, Hackett will be responsible for the oversight of all multimedia sales efforts for CMG Atlanta’s radio cluster. Hackett joined CMG Atlanta in 2013 as GSM. Prior to that, she spent seven years as GSM for the company in Richmond. Cox Media Group VP and market manager Jaleigh Long says, “Kris is a proven leader with a keen ability to grow market share, deliver enhanced revenues and develop high caliber sales teams while building relationships with key partners that fit perfectly with our customer-centric sales culture. I’m thrilled to have such a visionary and talented leader inside CMG to promote into this critical role.”
TALKERS News Notes. Chicago media writer Robert Feder reports that WBBM-AM/WFCS-FM weekend news anchor Dave Marsett is retiring from the Audacy station after 20 years. Marsett is also an ordained minister and he’s retiring from that calling as well. The 74-year-old radio pro served with Satellite Music Network as news director for many years prior to joining WBBM…..Cumulus Media and Imperative Entertainment announce the new true-crime series “Fox Hunter” joins the Cumulus Podcast Network. Host Sean Kipe investigates the mystery surrounding the murder of 18-year-old Rhonda Sue Coleman in 1990 which has been a thorn in the side of the small community of Hazlehurst, Georgia, for over 30 years…..The content creators at New Hampshire Public Radio have voted to form a union and are being represented by SAG-AFTRA. NHPR is an NPR member station based in Concord, New Hampshire and covers nearly the entire state, as well as portions of Massachusetts, Vermont and Maine. The new 31-member bargaining unit of content creators includes producers, hosts, editors and reporters…..Pictured below are WBZ-FM, Boston “98.5 The Sports Hub” air personalities Hardy, a.k.a. Rob Poole, Scott Zolak, and Marc Bertrand broadcasting live from Gillette Stadium for the start of the New England Patriots’ training camp. WBZ-FM is the flagship station for broadcasts of Patriots football games and Bob Socci and Zolak will once again call all preseason and regular season games. The duo will also get back on the road this season, traveling to each away game broadcast.
Former KYW, Philadelphia Reporter Ed Kasuba Dies at 74. The Philadelphia Inquirer reports that former KYW, Philadelphia reporter Ed Kasuba died on August 1 of heart failure at the age of 74. Kasuba was the longtime South Jersey bureau chief for the station. He retired from the all-news outlet in 2008 at a time when the Great Recession was forcing then-owner CBS Radio to make cuts. He served as a shop steward and president of the local chapter of the American Federation of Television and Radio Artists and left the radio station voluntarily so others would not be laid off during company cutbacks.
COVID-19 Delta Variant and Masks, Biden’s Eviction Moratorium, Cuomo Allegations, Pentagon Officer Slain, January 6 Investigation, Infrastructure Bill, and Olympics Among Top News/Talk Stories Yesterday (8/3). The fast-rising rate of COVID-19 Delta variant cases in some parts of the U.S. and the battle over vaccination mandates and mask policies; President Joe Biden extends the eviction moratorium and critics question its legality; the numerous allegations of sexual improprieties against New York Governor Andrew Cuomo and calls for his resignation; a Pentagon officer is slain by an attacker; the committee investigating the January 6 attack on the U.S. Capitol; the bi-partisan $1 trillion infrastructure bill; and Simone Biles wins bronze in the balance beam at the Tokyo Olympics were some of the most-talked-about stories on news/talk radio yesterday according to ongoing research from TALKERS magazine.
TALKERS 2021 Conference Video Posted – “Welcome to the ‘20s” and “A Fireside Chat with Bill O’Reilly.” The third video, under the direction of Art Vuolo, from the TALKERS 2021 Conference that took place at Hofstra University on June 11 is posted. This installment contains two consecutive sessions conducted by TALKERS founder Michael Harrison. The first segment features a greeting from Harrison in which he reflects upon his 54-year career in radio and his view of the state of the industry. The second segment features a one-on-one conversation (“fireside chat”) he conducted with Key Networks commentator and talk media icon, Bill O’Reilly. Both segments are chock full of interesting and productive takeaways. TALKERS will be posting a new video from TALKERS 2021 each business day until all 10 are archived and available for on-demand viewing.
Townsquare Media Consolidates Digital and Programming Teams; Jared Willig Named Chief Content Officer. Leading the newly consolidated radio and digital platforms is Jared Willig, who has been serving Townsquare Media as digital leader. In his new role as chief content officer, Willig will oversee all content for the company across all its radio and digital platforms and consumer touchpoints, including all platforms for 322 local radio stations, over 350 local websites and mobile apps, and national music and entertainment brands XXL Magazine, Taste Of Country, Loudwire, Ultimate Classic Rock, ScreenCrush, and PopCrush. He will also continue to oversee AMPED, the monetization of the digital platforms of the company’s owned and operated local and national brands. Willig will oversee the newly created Townsquare content team, consisting of team members with varied expertise across platforms, formats and disciplines, in order to drive the company’s 360-degree strategy in radio, digital, on demand, mobile apps, social, and video. Additionally, longtime Townsquare radio programming head Kurt Johnson expands his role across all media to become SVP, content and programming, while continuing to lead the company’s music industry relations. Jackie Corley, who had been overseeing Townsquare’s digital content team, also widens her purview to become the VP of local content and programming. Willig says, “For over 10 years now, I’ve had the great privilege of running Townsquare’s digital content strategy and operations, and while our company is Digital First, radio has always been at our core. So, by merging all platforms into one content team, we are simply making official what we’ve already been doing for over a decade. There is no better programmer in the industry than Kurt Johnson, and no better local digital content expert than Jackie Corley, so with their expanded roles, I couldn’t be more excited and confident for our continued success in audience and brand growth across all forms of media.”
Lee Habeeb’s ‘Our American Stories’ Joins Premiere Networks. The nationally syndicated “Our American Stories” franchise is joining the Premiere Networks radio lineup, effective August 2. The program, created and hosted by radio pro Lee Habeeb, will continue to be available to stations Monday through Friday for two hours to air between 7:00 pm and 12:00 midnight. Additionally, the show will feature separate two-hour Saturday and Sunday options for weekend clearance. “Our American Stories” will also be available as a podcast on the iHeartRadio Podcast Network. The program is currently heard on some 200 affiliate stations across the country. Habeeb says, “We have spent the last five years telling stories about all that is good and decent in America, and why millions of people from around the world still wish to call our country home. The show has grown because Americans want more than conflict and bad news: they crave positive, redemptive stories from our past and present – many from our listeners – that lift their spirits and inspire them, and that’s what we do each and every day on our show.” Premiere Networks president Julie Talbott adds, “We’re excited to offer this entertaining and compelling program to even more stations nationwide. Lee and his team are masterful storytellers and they’ve created a unique and inspiring program that resonates widely with audiences.”
WEEI, Boston’s Glenn Ordway Retires from Afternoon Show. Boston sports radio personality Glenn Ordway – one of the architects of the station when it flipped to sports in 1991 – announces he’s retiring from the afternoon drive show after 34 years. Ordway will leave the show he currently hosts with Christian Fauria and Lou Merloni but will remain with the Audacy station as host of “The Real Post Game Show” following every Patriots’ game in the fall, in addition to making other station appearances and developing a podcast. He says, “To be able to do something I’ve loved doing daily for nearly five decades has been a blessing, but to do it in the best sports city during the best championship run in the history of sports…what more can you ask for. I’ve had the opportunity over the years to do it with some of the best talent in the business on a legendary radio station. Though I’m walking away from the daily hosting role, I’m excited about new opportunities and my continued presence at WEEI and maybe a little free time every once in a while.” Audacy regional president Mark Hannon says, “Glenn has been an ever-present force at WEEI, both on air and off air, for over three decades. He was the station’s first program director and oversaw some of the most dominant years in Boston radio. He has been an enduring on-air presence and has been side-by-side talking to Boston sports fans through the best and worst times. Glenn will go down as one of the most influential players in sports radio format history, and thankfully his presence will continue on the station into the future.”
Bill O’Reilly Announces New Book, Killing the Killers. The next book in Bill O’Reilly’s “Killing” series is slated for release in November and it titled, KILLING THE KILLERS: The
Secret War Against Terrorists (St. Martin’s Press, 2021). Co-authored with Martin Dugard, this 11th book in the series “reports on America’s intense global war and manhunt against the terrorist extremists that not only carried out the attacks on 9/11 but also executed hundreds of others both on American soil and globally. The authors trace America’s efforts to defeat Al Qaeda and ISIS worldwide. In addition, O’Reilly and Dugard have gained access to top secret national security documents as well as interviewed the highest national security officials in the United States.” St. Martin’s says the current book in the “Killing” series, Killing the Mob, topped the New York Times hardcover nonfiction best-seller list for six weeks and sales of the series are approaching 19 million copies worldwide. O’Reilly’s radio program – “The O’Reilly Update” – is syndicated nationally via Key Networks.
Kim Komando’s Cryptocurrency 101 eBook Tops Amazon Best-Sellers List. The
new ebook Cryptocurrency 101 by digital technology radio host and entrepreneur Kim Komando hit the #1 position on Amazon’s Money & Monetary Policy best-seller list. According to Amazon, the book “breaks down the basics of the cryptocurrency boom. If you want to invest in cryptocurrency, it can be very complicated to know where to even begin. Kim goes through your options when it comes to buying and storing digital currency and gives you pro tips to keep you safe from hackers and scammers. In this quick, thorough guide, you’ll learn what you need to know to get started, the safe way.”
Salem’s David Santrella Elected NAB Joint Board Chair. Broadcasting executive David Santrella – president of broadcast media for Salem Media Group – has been elected chairman of the NAB Joint Board of Directors. He assumes the role previously held by Hearst Television, Inc. president Jordan Wertlieb. At the same time, Bill Wilson, chief executive officer of Townsquare Media Group, has been elected Radio Board chair by the NAB Radio Board. John Zimmer, president and owner of Zimmer Radio of Mid-Missouri, Inc., was elected Radio Board first vice chair, while Kevin Perry, vice president and chief operating officer of Perry Publishing and Broadcasting Company, was elected Radio Board second vice chair. Collin Jones, senior vice president of corporate development & strategy for Cumulus Media, was elected to the Radio Board’s major group representative seat on the NAB Board’s Executive Committee.
Newsmax Adds Eric Bolling to Talent Roster. Television host and best-selling author Eric Bolling joins the talent roster at Newsmax. Newsmax CEO Chris Ruddy says, “Eric Bolling is a consummate media professional who isn’t afraid to ask tough questions, get provocative answers and challenge establishment thinking. His background in business and politics separates him from the competition.” Bolling has begun his work with Newsmax as a guest host for shows and is slated to host a new program in July with details to be announced soon. Most recently, Bolling hosted “America This Week With Eric Bolling” airing on Sinclair Broadcast Group’s 200 television stations. He’s also served with FOX News Channel, having filled in for Bill O’Reilly and Sean Hannity. Bolling says, “Like myself, Newsmax is concerned with the direction that Big Tech and Big Corporate Media have taken journalism and our nation. I’m excited to join an organization that delivers programming you can trust.”
COVID-19, Condo Collapse, Northwest Heatwave, NYC Mayoral Voting Snafu, Big City Gun Violence Spike, House January 6 Investigation, and Bipartisan Infrastructure Deal Among Top News/Talk Stories Yesterday (6/29). The spread of the Delta variant of COVID-19, the rate of vaccinations in the U.S., and mask controversy; the search for victims of the Florida condo collapse and the building’s safety history; the deadly heatwave affecting the Pacific Northwest; the New York City mayoral race is hit by a voting counting problem; the spiking gun violence in America’s large cities; the U.S. House moves to investigate the January 6 Capitol attack; and the bipartisan infrastructure deal were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.