Tag: "Disclosure Statement"
Corporate Programmer Chris Oliviero to Exit Entercom. After a long history with CBS RADIO and seven months into the transition after that company’s merger with Entercom, EVP of programming Chris Oliviero is exiting the company to pursue new opportunities. “From my very first day as an intern and over the past 22 years, my experience at CBS RADIO has been nothing short of spectacular. Now that our merger with Entercom is fully integrated, I feel this is the right moment to begin turning my focus to new opportunities. David Field has been fully supportive and understanding of my departure and I thank him for my smooth transition. It has been my true honor and joy to have had a chance to partner with and learn from the best and brightest programmers in the industry. Though our days as colleagues might be winding down, the friendships will continue. So, to all my old friends at CBS RADIO along with my new ones at Entercom, I wish you all the best.” A message from Entercom CEO David Field to his management team states, “I am writing to let you know that Chris Oliviero will be leaving Entercom on July 6 to pursue other opportunities. He will remain in an advisory role through year end. Chris has been a key leader over many years at CBS RADIO and, more recently, at Entercom. He has made a great impact on the organization. We are saddened that Chris is leaving the company, but we wish him all the best in his future endeavors. Our programming organization will remain the best in the industry. We are blessed to have a terrific group of program directors across the country and an outstanding leadership team led by our president of programming Pat Paxton and SVP radio and Radio.com programming Jeff Sottolano.”
iHeartMedia Releases Revenue Projections in Bankruptcy Filing. The revenue projections were part of a 251-page Disclosure Statement filed by iHeartMedia as part of the reorganization process. Starting with 2018 and looking through 2022, the report says that “management has based its revenue projections in part on third party forecast audio market declines of -2.6%, -2.9%, -3.4%, -3.7% and -4.1% in 2018, 2019, 2020, 2021 and 2022, respectively. Management expects its core audio business to return to its historical market outperformance of 200 bps, as measured by standard industry sources, by Q4 2018. Additionally, management anticipates continuing the 200 bps outperformance in each year from 2019-2022. The Debtors’ core audio business, comprised of spot, streaming, and non-traditional and other markets revenue, was $2,289 million in 2017 and is projected to decline to $2,207 million in 2018 and $2,160 million in 2019. Thereafter, it is projected to total $2,095 million, $2,025 million, and $1,949 million in 2020, 2021, and 2022, respectively.” The company drops in a forward-looking positive note when it reports that its “digital platform composition is moving towards home smart speakers. As of April 2018, home consumer electronics comprised 22% of total monthly active users for the Debtors’ iHeartRadio app.”
Judge Orders Nielsen and Bubba Back to Mediation. The trial of Nielsen Audio v. Bubba the Love Sponge is supposed to open in court on July 23, but a surprise Order from U.S. District Judge James Whittemore may – or may not – change that. Yesterday (6/21), Whittemore ordered both parties to mediate with U.S. Magistrate Judge Anthony Porcelli. This is not the first time Nielsen and Bubba have been in mediation. The last session proved fruitless. Nielsen is suing Bubba the Love Sponge for damages related to allegations of Bubba’s attempts to manipulate the PPM ratings in Tampa. Bubba is countersuing Nielsen, alleging the company conspired with competitor Cox Media Group to entrap him into engaging in ratings manipulation.
Attorneys General File Objections to Sinclair-Tribune Merger. Petitions to Deny were filed with the FCC by attorneys general in Illinois, Iowa, and Rhode Island, objecting to the merger of Sinclair Broadcast Group and Tribune Media. As most industry observers are aware, Sinclair and Tribune are primarily television companies, but Tribune’s news/talk WGN-AM, Chicago is part of the proposed deal. Sinclair owns three Seattle market radio stations: news/talk KVI, all-news KOMO-AM/FM, and hot AC KPLZ “Star 101.5.” Illinois Attorney General Lisa Madigan criticized the merger that would give Sinclair penetration into “nearly 60% of U.S. television households.” She says, “The massive Tribune-Sinclair merger contradicts the FCC’s principles of diversity, localism, and competition that ensure consumer choice in the marketplace. I urge the FCC to deny the Tribune-Sinclair merger because it will result in the loss of diverse viewpoints on national and local television broadcasts.”
PPM Analysis: Public News/Talk. Managing editor Mike Kinosian presents a look at the performances of radio stations based on ratings information from Nielsen Audio’s May 2018 PPM survey, today focusing on public news/talk. Pub talkers in general had a tough month, with 51% of stations losing weekly 6+ AQH share compared to the April 2018 survey. However, comparing May 2017 ratings to May 2018, 51% of public news/talk outlets saw their 6+ weekly AQH share increase. Looking at market rank, there are 10 public news/talkers that finished in the top five in May, and five stations ranked #1 (6+) in their respective markets: KQED was #1 in both San Francisco and San Jose, as were KPBS, San Diego; KCFR, Denver; KOPB, Portland; and KUT, Austin. See the entire report here.
Buck Sexton and Krystal Ball to Host Hill.tv AM Show. Conservative media figure Buck Sexton – who hosts his own Premiere Networks-syndicated talk radio program – is co-hosting the new morning program “Krystal & Buck” with MSNBC anchor Krystal Ball on The Hill’s new Hill.tv platform. The show launched on the “digital, bi-partisan news channel” on June 13. A press statement says the program is designed to “break through the façade of cable news to expose the real Washington.” Recent guests on the show include: Attorney General Jeff Sessions, former Hillary Clinton campaign manager John Podesta, Hollywood actor/producer Rob Reiner, Senator Ted Cruz, and former Director of National Intelligence James Clapper.
Illegal Immigration Policy Top News/Talk Story for Week of June 18-22. The Trump administration’s policy detaining and deporting illegal aliens and controversy over separating children from parents was the most-talked-about story on news/talk radio this week, landing atop the Talkers TenTM. At #2 this week was the Trump-Russia investigation. Coming in at #3 was the Trump tariffs and fears of a trade war, followed by the Charlottesville white supremacist rally organizer’s application for a rally on the Washington Mall at #4. The Talkers TenTM is a weekly chart of the top stories and people discussed on news/talk radio during the week and is the result of ongoing research from TALKERS magazine. It is published every Friday at Talkers.com. View this week’s entire chart here.
TV Comedy Writer Andy Cowan Is This Week’s Guest on Harrison Podcast. The world of television sitcoms and late-night talk shows is explored in depth as former “Cheers,” “Seinfeld,” and “Third Rock from the Sun” writer Andy Cowan is this week’s guest on the award-winning PodcastOne series, “The Michael Harrison Interview.” Cowan discusses his new book, Banging My Head Against the Wall: A Comedy Writers Guide to Seeing Stars (Black Rose Writing, 2018) and the neurotic nature of his brand of comedy as well as comedians in general. The discussion includes a look at the fractionalization of TV audiences going forward into the 21st century. Harrison states, “Andy Cowan’s unique mind operates at the turbulent intersection between the generations, the centuries, the down-to-earth, and the absurd. He is a largely unsung genius and potential cultural hero to the gigantic but quietly suffering population of neurotics that drag their sorry asses amongst the rest of us who are perfect.” To listen to the podcast in its entirety, please click here or click on the player box marked “The Michael Harrison Interview” located in the right-hand column on every page of Talkers.com.
Radio Talk Show Producer Opportunity. The Salem Radio Network is seeking a radio talk show producer in the Washington, D.C. area. Candidates should be capable in booking radio talk shows and have radio experience both on air and in digital. The position is based at the Salem Radio Network News Bureau. Contact Phil Boyce, SVP spoken word for SRN at 212-857-9696, or email resume and qualifications to: Philip.Boyce@salemmedia.com.
Music Radio News and Career Moves. At JVC Media’s Orlando operations, sales pro Lisa Kitchener is named general sales manager. In Orlando, JVC operates country WOTW “103.1 The Wolf” and rock WOTW-HD2/W231CT “Bud 94.1.” JVC Orlando general manager Chris Ganoudis says, “Lisa is a huge addition to our stellar staff in Orlando. ‘103.1 The Wolf’ was voted 2017’s Best Local Radio Station by Orlando Business Journal readers, and with the recent addition of ‘Bud 94.1,’ Lisa will have two very popular radio stations with strong programming, promotions and events to showcase to Metro Orlando’s business leaders. Lisa’s enthusiasm, relationships, ideas, and leadership will propel JVC Orlando to the greatest heights.”…..Benztown names four new staffers to the company’s operations team with the addition of marketing coordinator Susan Aksu, imaging producer Matt Anderson, office manager/executive assistant Laura Keeney, and commercial production creative director Teddy Shrader.