Tag: "Digity LLC"
Alpha Media Announces Intent to Purchase Digity Radio Stations. This deal has been rumored for some time so it’s not a big surprise. The proposed acquisition of Digity LLC’s 116 stations in 26 markets, after approval from the DOJ and the FCC, will bring Portland, Oregon-based Alpha Media’s station total to 251 in 54 markets. Alpha Media chairman Larry Wilson says, “We are extremely pleased to be acquiring from exceptional operators and management who truly understand radio. Dean [Goodman] and his team have done a tremendous job with these stations. They will be a great addition to our live-and-local vision across the country.” Digity CEO Dean Goodman comments, “Larry Wilson and I have a shared vision for the radio renaissance in progress now. Radio is live, local media enhanced by digital delivery and community focused events. Our success is the result of an employee environment of collaboration, transparency and innovation. I am honored to have worked with the great broadcasters at Digity and the dynamic growth they’ve created. Digity and Alpha are a perfect match.” Digity has focused on medium and small market operations. The largest of its 26 markets are Palm Beach, San Jose, Canton, and Greenville-New Bern-Jacksonville, North Carolina. It also operates 11 outlets in suburban Chicago markets. For a complete station list, click here.
Townsquare Media Q2 Up 10.6% Powered by Live Events. The company went public just last summer – on July 24 – and financial data from the second quarter of 2015 indicates Townsquare Media’s 10.6% net revenue increase compared to the same period a year ago, comes on the strength of its live events sector. Live events net revenue was up 50.4% while local advertising revenue rose just 0.6% (1.5% ex political). Townsquare chairman and CEO Steven Price states, “We believe our second quarter net revenue growth of 10.6% highlights the strength of our diversified revenue strategy. We saw growth in each of our operating segments in the second quarter, particularly within our live events segment, which grew over 50% over the prior year. Local advertising net revenue increased primarily as a result of an increase in non-political local advertising net revenue of $1.2 million, which was partially offset by decreases in political local advertising net revenue of $0.7 million. Live events net revenue grew primarily as a result of increases in attendance and revenue per attendee of our live events, including three new music festivals. Other media and entertainment net revenue grew primarily as a result of increases within our digital marketing services offering.”
Townsquare to Sell 43 Towers to Vertical Bridge. At the same time as it reports its 2015 Q2 numbers, Townsquare Media announces it has entered into an agreement to sell 43 towers to a subsidiary of Vertical Bridge Holdings, LLC for approximately $22.8 million in cash, subject to closing adjustments (the Tower Sale). Townsquare will retain ownership of more than 250 towers following this sale. The towers being divested are located on 41 sites in 28 markets and not only house the company’s radio station antenna but are rented by third parties for similar uses. Townsquare has a 35-year deal (an initial term of 20 years and three optional five-year renewal periods) during which it will pay $41 of rent per annum ($1 per site per annum) to Vertical Bridge for the right to house its existing antenna on the divested towers. Townsquare has also entered into an agreement with Vertical Bridge for Vertical Bridge to serve as the exclusive marketing agent for the towers retained by the company.
Dawn Girocco New LA Market Manager for Cumulus Media. Longtime Los Angeles radio sales pro Dawn Girocco has worked for iHeartMedia as GSM and CBS RADIO as VP/director of sales in the City of Angels. Now she crosses the street to serve as vice president and market manager for Cumulus Media’s classic rock KLOS and news/talk KABC. Cumulus Media SVP of operations Tom Schurr says, “I’ve known and respected Dawn for years. We competed in Houston and worked together at Clear Channel, and I couldn’t be more excited to be partnering with her again. She’s going to be a great leader for Cumulus LA.” Girocco comments, “I appreciate the opportunity to step up to the role of market manager for Cumulus in Los Angeles and the confidence that Tom and Lew [Dickey] have placed in me to drive results with these incredible properties.”
Drew Scott Named Executive Producer of Bubba the Love Sponge Show. The Bubba the Love Sponge program officially announces that Drew Scott is the new executive producer of the Tampa-based, syndicated program. “The revered morning show is looking to make some changes, and they feel Scott’s well-rounded radio career, experience working with affiliates, and contacts make him a perfect fit.” He’s been in the position since June 17. Scott is a Central Florida native who’s been working for Mid-West Family Broadcasting in Benton Harbor, Michigan at rock WIRX “Rock 107.” Scott says, “This opportunity would not have been possible without the management and staff at ‘Rock 107.’ I have grown as a programmer and professional during my time in Michigan and I am grateful to my on-air teams – Dave Doetsch, Gayle Olsen, Jim Gifford, Paul Layendecker, Tom Walker, Randy Hawke, and Tim Moore – for allowing me express my creativity on and off the air.”
USA Radio Network Adds Jason Stapleton to Weekend Programming. He founded his eponymous talk show that’s been available via YouTube, iTunes, and Stitcher Radio but now USA Radio Networks adds the Jason Stapleton program to its weekend lineup, airing live Saturdays at 3:00 pm ET, effective August 15. Stapleton is a former force reconnaissance Marine, entrepreneur, speaker and investor who has been a professional trader for over a decade. USA chief content officer Tim Maranville says, “Jason’s perspective and background are unique and impactful to listening audiences everywhere which makes him an excellent addition to our ever growing lineup of shows.” USA says that Stapleton’s “experience has led Jason to become a highly sought after authority on everything from military strategy and politics to economics. This makes him a rare expert whose unconventional insights offer a perspective not heard in mainstream political and economic discourse.”
Nielsen Audio Releases Second Round of July 2015 PPM Data. The second of four rounds of July 2015 PPM ratings data from Nielsen Audio has been released for 12 markets including: Washington, Boston, Detroit, Miami, Seattle, Phoenix, Minneapolis, San Diego, Tampa, Denver, Baltimore, and St. Louis. The July 2015 survey period covered June 18 through July 15. You can find the complete ratings from subscribing stations here. Additionally, TALKERS and RadioInfo managing editor Mike Kinosian provides his “Ten Takeaways” from this group on the main page of our sister publication here.
Hubbard Radio Signs Up for Shazam for Radio. The Shazam for Radio service is described by Shazam and radio partner Sun Broadcast Group as “the first-ever interactive radio service designed for every station’s unique content.” The deal between Hubbard Radio and SBG means Shazam for Radio is being deployed on 19 stations in all seven Hubbard markets. Hubbard president and COO Drew Horowitz says, “All of us here at Hubbard Radio are thrilled to be partnering with the great team at Sun Broadcast Group and Shazam for Radio. As we continue to look to the future and new ways of connecting our great brands and the advertisers we serve with millions of our loyal listeners, we believe Shazam for Radio is a game changer.” SBG COO Julio Aponte says, “We are so pleased to be working with Hubbard Radio in bringing another level of interactivity to their great radio properties. Shazam For Radio will allow them to engage directly with their audience by giving them real-time access to all their content, personalities, promotions and advertisers. We look forward to working with Drew Horowitz and his great team of programmers and sales people.”
Odds & Sods. On Thursday (8/6), Salem Radio Networks personality Hugh Hewitt will host a special two-hour program titled, “SRN Presidential Debate Special,” airing from 11:06 pm to 1:00 am ET. SRN says Hewitt will provide analysis of both the “undercard” debate on FOX News Channel — featuring candidates who polled outside of the “Top 10”— as well as the “main event” debate featuring the “Top 10” contenders as determined by public opinion polls. Guests expected to appear on the show include: GOP presidential contenders Carly Fiorina (R-CA) and Dr. Ben Carson (R-MD); Dan Balz of The Washington Post; Fred Barnes of The Weekly Standard; Guy Benson, news editor of Townhall.com; Karen Tumulty of The Washington Post; Eliana Johnson of National Review; Mary Katherine Ham, editor-at-large of HotAir.com; and others…..The Denver operations of iHeartMedia announce Crystalyn Portwood is named director of sports sales. The cluster serves as the flagship for play-by-play for the NFL’s Denver Broncos, MLB’s Colorado Rockies and the University of Colorado Buffalos…..FOX Sports Radio’s “Jay Mohr Sports” hits the road for a series of three remotes from NFL training camps. Mohr’s show visits the Denver Broncos on Friday (8/7); the San Diego Chargers on Monday, August 17; and the Dallas Cowboys on Thursday, August 20.
2016 Presidential Candidates-Donald Trump Criticisms, Planned Parenthood Videos Scandal, Immigration Policy Debate, Battle Against ISIS and al Qaeda, Hillary Clinton Email Server Case, and California Wildfires Among Top News/Talk Stories Yesterday (8/4). The activities of the candidates for president, Thursday’s GOP debate and criticism of Donald Trump; the ongoing controversy over the Planned Parenthood videos showing doctors discussing the price of tissue from aborted fetuses; the debate over America’s immigration policy; the military efforts to combat ISIS and al Qaeda; the FBI’s investigation into Hillary Clinton’s private email server; and the devastating wildfires in California were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS.