Tag: "Entercom Communications"
NOW POSTED: This Weekend’s Installment of “The Michael Harrison Wrap: An Overview of the National Conversation.” The latest installment of the vibrant, one-hour weekend special, “The Michael Harrison Wrap,” that looks back each week at the hottest topics discussed in American talk media per the research of TALKERS magazine, is now posted. This new episode titled, “Feeding an Environment of Fear,” looks back at this past week of February 22-26, 2021. The program features guests (in order of appearance): Kevin Casey, executive editor, TALKERS magazine; Gary Sutton, talk show host, WSBA, York, PA; Dr. Daliah Wachs, talk show host, Genesis Communications Network / medical physician; Dr. Renee Kohanski, podcaster, Clinical Correlation, Medscape‘s MDEdge Psychcast / forensic psychiatrist; Rush Limbaugh, late talk radio icon; and Richard Neer, talk show host, WFAN, New York. The show airs each week on its flagship, WONK-FM, Washington, DC, Friday evenings at 6:00 pm ET. It also airs throughout the weekend on WTIC, Hartford; KSCO, Santa Cruz, CA; KDFD (“Freedom 93.7”), Denver; KFNX, Phoenix; WVLY, Wheeling, WV; WTRW-FM, Scranton/Wilkes Barre, PA; WVOX, Westchester, NY; KBDT, Dallas; KQSP, Minneapolis; KBKW, Aberdeen, WA; WGDJ, Albany, NY; WJFN-FM, Richmond, VA; WZFG, Fargo; KTGO, Tioga, ND; KWAM, Memphis; K-NEWS, San Luis Obispo; WGMD, Rehoboth Beach, MD; WCHM, Clarkesville, GA; WPHM, Port Huron, MI; KSYL, Alexandria, LA; KTOE, Mankato, MN; WCED (“Connect FM”), DuBois, PA; K-NEWS 101.3, Owensboro, KY; WWTK, Sebring, FL; WIZM-AM/FM, La Crosse, WI; WMVA, Martinsville, VA; the Virginia Talk Radio Network; CRN Digital Talk Radio Network; the iHeart Podcast Network; Pioneer Valley Radio, Springfield, MA; Podcast Radio, UK and many more. To listen to this week’s episode, please click here. To view the latest TALKERS magazine topic research, please click here. “The Michael Harrison Wrap” is now available in syndication via Talk Media Network to stations across America on a market exclusive basis. For affiliation information, please click here or call 616-884-8616.
iHeartMedia 2020 Q4 Revenue Down 8.8%; Full Year Revenue Declines 20%. Reporting its financial data for the fourth quarter and for the full year of 2020, iHeartMedia fares a little better than its two major competitors (based on the number of radio stations owned) Cumulus Media and Entercom Communications. Fourth quarter revenue was $935.5 million, a decline of 8.8% from the same period in 2019. For the full year, revenue was $2.9 billion, down 20% from the full year 2019. Although the company reports net income of $2.9 million in Q4 2020, that’s down 95% from the $62.1 million net income reported in Q4 of 2019. For the full year 2020, iHeartMedia reports a net loss of $1.9 billion. It reported net income of $11.2 billion in 2019. iHeartMedia says that strong sequential improvement is continuing since the height of the pandemic in the spring of 2020. It also reports that digital revenue increased 26% year-over-year, including a 91% increase in podcasting revenue. Company chairman and CEO Bob Pittman says, “We are pleased that the company continues its steady recovery from the COVID-19 downturn – and it’s particularly rewarding to see the impressive performance from our areas of strategic investment, like podcasting, SmartAudio, digital, and Ad Tech. In addition, with our new reportable segments, we will be able to provide additional insights into both our largest segment and our fastest-growing segment, and help highlight the key metrics and impressive performance of each.” iHeartMedia COO and CFO Rich Bressler adds, “Our swift response to the COVID pandemic and our diligent management of expenses throughout the year enabled us to successfully achieve approximately $250 million of savings in 2020. This cost management enhanced our operating leverage and helped us to achieve adjusted EBITDA of $265 million in the fourth quarter, which was an improvement of 64% over the third quarter. The continued sequential improvement of our revenue, adjusted EBITDA and free cash flow over the past three quarters has us well positioned for continued recovery into 2021, and our commitment to make the majority of the $200 million of COVID-19 related savings permanent will further enhance the company’s operating leverage as revenue recovers.”
iHeartMedia Unveils New Business Operating Structure. Saying that this new structure reflects the “increasing size and importance” of its digital businesses, iHeartMedia announces that its two divisions – the Digital Audio Group and the Multiplatform Group – will publicly report their financial data separately and will have dedicated management. The iHeartMedia Digital Audio Group includes the iHeartRadio digital service and its podcasting business while the iHeartMedia Multiplatform Group includes its broadcast radio assets. The company says that as of the fourth quarter of 2020, the Digital Audio Group encompassed almost 20% of the company’s consolidated revenue and 23% of its earnings, and during that quarter grew revenue by 53% year-over-year and Adjusted EBITDA by 74% year-over-year. The company expects the Digital Audio Group will continue to grow as an increasing proportion of its business in the future. It adds that separate reporting of these two operating segments will provide “improved visibility into the underlying performances, results and margin profiles of these distinct audio-driven businesses.” Here’s how it breaks down: The iHeartMedia Digital Audio Group includes the podcasting business; the iHeartRadio digital service; the company’s digital sites, newsletters, digital services and programs; and its digital advertising technology companies, including Jelli, RadioJar, Unified and Voxnest, and will also include the recently-announced Triton Digital upon completion of the acquisition. Leading the division will be Conal Byrne as CEO and Darren Davis as COO, with Carter Brokaw serving as the president of digital revenue and Jessica Jerrick as EVP of digital distribution and platform partnerships. Meanwhile, iHeartMedia Multiplatform Group – representing almost 75% of the company’s revenue – includes the 860-plus radio stations in 160 markets; the company’s live and virtual events business; and its national sales organization (which will use iHeartMedia’s full array of products, from broadcast radio and events to its SmartAudio suite of data targeting and attribution products, which allows informed digital-like planning against targeted audiences with the benefit of broadcast scale and impact, as well as using all of the products from the iHeartMedia Digital Audio Group). Premiere Networks, which includes the Total Traffic and Weather Network; and BIN: Black Information Network, will also join this group. Leading the iHeartMedia Multiplatform Group will be Greg Ashlock as CEO and Tim Castelli as chief revenue officer. Julie Talbott joins this group as president of Premiere Networks; Hartley Adkins becomes president of the Markets Group; Jeff Howard remains president of national sales and Tony Coles as president of BIN: Black Information Network. Bob Pittman says, “These new reportable segments will enable us to strengthen the mission and tighten the focus of both the iHeart Digital Audio Group and the iHeart Multiplatform Group, while accelerating our ability to deliver industry-leading products and services to our listeners and advertising partners across all of our platforms. Creating these two business reportable segments will allow us to provide the investment community with increased visibility into the financial results of each segment – enabling them to better appreciate the strong growth and success of our digital businesses, including our industry-leading podcast business, as well as the continued strength of our broadcast radio and marquee events businesses.”
Entercom Announces New Programming Leadership Structure. This enhancement of Entercom’s programming leadership structure for its central programming team leaves Pat Paxton in his current position as chief programming officer. He says, “This enhanced leadership team will supplement our premium content offering throughout our portfolio and ensure we have the premier collection of personalities engaging deeply with our audiences nationwide. It will also allow us to best integrate the innovation of new products and content so we are continuously growing the impact and reach of our offering and super serving our 170 million listeners each month.” In this new structure EVP of programming Jeff Sottolano continues to manage Entercom’s sports, all-news, and news/talk brands. He is also being charged with growing Entercom’s content insights and analytics capabilities and overseeing its network and syndicated content development. Dave Richards joins the central programming leadership team as senior vice president of programming, rising from his SVP of programming of KISW, Seattle for the last 19 years and having developed programs like “The Men’s Room” and concepts like KISW’s annual “Live Day.” In his new role, Richards will be responsible for original content ideation, talent development, and coaching. He’ll spearhead Entercom’s efforts to support its expanding business portfolio, which includes RADIO.COM, Cadence13, and Pineapple Street Studios, through the generation of cross-platform content. Michael Martin continues to serve as SVP of programming and music initiatives and oversees Entercom’s relationships with artists, management, and record labels and lead its efforts to collaborate with the artist community on event, digital, and social opportunities. The company also announces the following members of its executive committee, who will collaborate to develop and oversee programming strategy across the company: Pat Paxton; Jeff Sottolano; Michael Martin; Dave Richards; Pam Russo, SVP and general manager, RADIO.COM; Bill Smee, VP of news; Matt Volk, VP of sports; Nikki Nite, VP of programming and brand manager, Entercom Austin; and Reggie Rouse, urban format captain, Entercom, and brand manager, Entercom Atlanta.
Round Three of January 2021 PPM Data Released. The third of four rounds of ratings information from Nielsen Audio’s PPM survey has been released for 12 markets including: Portland, Charlotte, San Antonio, Sacramento, Pittsburgh, Salt Lake City, Las Vegas, Orlando, Cincinnati, Cleveland, Kansas City, and Columbus. The January 2021 survey covered January 7 – February 3. TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways from this round of markets. Alpha Media’s news/talk KXL-FM, Portland jumps from the #6 rank to #3 on the strength of 1.4 share increase that helped it finish the January survey with a 6.2 share. Urban One’s news/talk WBT-AM/FM, Charlotte tacks on 1.6 shares for a 6.6 share finish and a jump from #5 to #3. iHeartMedia’s news/talk KFBK, Sacramento regains the #1 rank after adding 2.4 share to wrap the survey with a 10.2 share. In Salt Lake City, iHeartMedia’s news/talk KNRS-FM also claims the #1 rank after adding 1.9 shares to post a 7.9 share. See Mike Kinosian’s complete report for this round or markets (as well as his Takeaways from the first two rounds) here.
TALKERS News Notes. As reported by Chicago media writer Robert Feder, WGN-AM, Chicago is honoring the memory of former morning drive host Bob Collins, who would have been 79 on Sunday (2/28). Collins died in a small plane collision in 2000. On today’s Bob Sirott morning show, staffers WGN toasted Collins this morning (2/26) at 7:48 and, according to tradition, poured from the bottle of Jack Daniel’s found in Collins’s office. Also on the air with Sirott today were retired WGN morning host Spike O’Dell (who succeeded Collins) and retired agribusiness reporter Orion Samuelson.…..The nationally syndicated “Dan Bongino Show” hits the 100 affiliate station mark a year after its launch. Cumulus Media’s Westwood One says that – in addition to being heard on stations like KABC-AM, Los Angeles; KSFO-AM, San Francisco; and KSEV-AM, Houston – from the November election through February 22, the Dan Bongino Show podcast “boasted more than 51 million downloads on Apple, Spotify and other major platforms, rising 27% during that period.” Bongino says, “Growing up a fan of conservative talk radio makes this moment extra special for me. To be able to reach people across the country with a strong pro-liberty, pro-freedom message is the honor of a lifetime. Special thanks as well to the affiliates partnering with us in this venture.”…..A new sports radio imaging service called Game Plan is being offered to stations from SPLAT! and is syndicated by Sun Broadcast Group. SPLAT! says GAME PLAN is “a new kind of sports radio imaging service, designed specifically to sharpen the competitive edge of local stations, while simultaneously complementing the power of network sports brands. With GAME PLAN, a local station’s imaging sounds just as bold and powerful as their network imaging, maybe even better.”…..Entercom and Major League Baseball’s Pittsburgh Pirates announce a multiyear radio broadcast contract extension for sports talk KDKA-FM “93.7 The Fan” to continue to serve as the Pirates’ flagship radio station. Under the terms of the new deal, all Pirates weekday afternoon games will air on “93.7 The Fan” and sister news/talk KDKA-AM/W261AX.
COVID-19 Stats, Vaccines and Variants Top News/Talk Story for Week of February 22-26, 2021. The falling number of COVID-19 cases in the U.S., the rollout of vaccines and the concern about variants creating another wave of cases combined as the most-talked-about story on news/talk radio this week and landing atop the Talkers TenTM. At #2 this week was the state of the U.S. economy tied with the education crisis. Following at #3 was the confirmation hearings for Joe Biden’s nominees for attorney general, interior secretary, and White House budget office, tied with Donald Trump’s planned speech at CPAC on Sunday. 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. See this week’s complete chart here.
By Holland Cooke
BLOCK ISLAND, RI — Long-time-no-convention, pick an industry, any industry. Ours hopes to rally again for an October 2021 NAB Show in Las Vegas, a town that would kill for a crowd. Meantime, as Zoom stock has nearly quintupled in six months, we convene the way we work, online.
Radio Show – Audio/Streaming/Podcasting – Produced by RAB and NAB
The weeklong cyber-conference kicked-off yesterday with NBC senior business correspondent and MSNBC anchor Stephanie Ruhle moderating “CEO Town Hall,” a panel discussion with Cumulus Media’s Mary Berner, Entercom Communications’ David Field and iHeartMedia’s Bob Pittman; dress code Coronavirus Casual.
Entercom Q2: “Great Progress.” Owing to the addition of CBS Radio, Entercom Communications’ second-quarter net revenue jumped, but fell on a same-station basis. Revenue nearly tripled from $125 million to $372.1 million; however, on a same-station basis, it decreased from $405.7 million to $372.1 million. Meanwhile, net income dropped from $6.4 million to $1.6 million. Entercom president and chief executive officer David Field notes, “We have made great progress across multiple fronts as we continue our work to capitalize on our transformational merger. We have signed a definitive agreement with Bonneville to complete our last required station divestitures; successfully launched the Entercom Audio Network with strong early revenues; terminated our painful relationship with United States Traffic Network; achieved rapid growth on our burgeoning Radio.com platform; and delivered a 5% reduction in Q2 expenses as we realize our merger-related synergies. Second-quarter revenues were down 8%, exacerbated by the loss of $12 million in revenues from USTN, but revenue performance is improving. We are currently pacing down 2% in the third-quarter, excluding the impact of USTN. For the fourth quarter, we are pacing up 3% on an unadjusted basis. I am proud of the outstanding team we have built and the terrific work they are doing to capitalize on our abundant scale-driven opportunities.”
Local Nielsen Media Impact Debuts. The planning system allows users to understand cross-media reach, frequency, and duplication on a local scale using advanced audience segments from Nielsen Scarborough. In addition, it enables advertisers, agencies, and media owners to reach their desired audience in the country’s 25 “Local People Meter” (LPM) Designated Market Areas (DMAs). Local Nielsen Media Impact is built with respondent level data to allow in-depth cross-platform analyses for both local television and radio separately, as well as TV and radio together. Beasley Media Group vice president of sales Bob McCurdy comments, “Local Nielsen Media Impact offers empirical data supporting radio’s ability to amplify and complement TV campaigns. This is the first time radio is included in this type of multi-channel media mix that enables users to derive cross media insights with currency grade accuracy. Nielsen Scarborough data within the NMI solution allows us to assess campaign scenarios against consumer insights.” According to Nielsen vice president of product leadership Jay Nielsen, “Local Nielsen Media Impact offers a unique lens to the industry, enabling effective decision-making about where and when to engage audiences with content and advertising on local levels. Similar to the solution clients have widely adopted on the national level, this local solution unlocks access to new insights on media allocation and schedule optimization to better reach a cross platform-based audience.”
Q2: Townsquare Media “Exceeds Previously Issued Guidance.” Second-quarter net revenue for Townsquare Media rose 1.9% to $11.96 million. Owing to the divestiture of North American Midway Entertainment, however, net income decreased by 70.6% to $1.6 million; net income from continuing operations improved 29.2% to $10.1 million. Co-chief executive officer Bill Wilson remarks, “Our second-quarter financial results exceeded our previously issued guidance, continuing the momentum we experienced in the first-quarter of the year. In the first six months of 2018, net revenue increased 2.6%, and 2.2% excluding political revenue; Adjusted EBITDA increased 6.6%. Our second-quarter and year-to-date revenue growth was primarily the result of continued stability in our broadcast products and strong revenue growth of our digital solutions.” Co-CEO Dhruv Prasad notes, “Through internal reorganization and the divestiture of North American Midway Entertainment, we have concluded the strategic reset that we initiated in late-2017 and have largely reoriented the company towards the stability, profitable growth, and cash generation of the advertising, marketing solutions, and live events businesses in our local market footprint. Our strong performance in the first half of this year reinforces that this was the right strategy, and we remain committed to this plan moving forward.”
Rush Limbaugh’s Impact on Radio and America Examined by News Site, Who. What. Why. (whowhatwhy.org) Veteran talk radio programmer and executive Jeff Schechtman of Napa Broadcasting interviews TALKERS founder Michael Harrison about Rush Limbaugh and the state of talk radio for this week’s WhoWhatWhy.org podcast. It is part of an article titled “The Mouth that Roared – How Rush Limbaugh Changed America” posted yesterday (8/7) marking the milestone of the talk radio superstar’s syndicated radio show reaching its 30th anniversary last week. Schechtman and Harrison discuss the impact of the repeal of the Fairness Doctrine in 1987, Limbaugh’s major contributions to the rise of news/talk radio, how talk radio has changed over the decades, the driving factors behind those changes, the influence of the video screen on communications devices, and the general future of talk media. To read the article and listen to the podcast, please click here .
Making Music Great Again. It seems the talented Mike Gallagher isn’t the only member of the Salem roster of talk show hosts blessed with extraordinary gifts as a musical entertainer. These two super-suave lounge lizards pictured above are none other than Salem Radio Network host Larry Elder (left) and WNYM (“AM 970 The Answer”), New York morning man Joe Piscopo (right). The two are off-air buds and like hanging out together when they find themselves on the same coast. This bit of show biz magic was captured last night (8/7) as the two serenaded thrilled diners at Vitello’s, a swingin’ hot spot in Studio City, California. The song they were performing – Louis Armstrong’s classic, “What a Wonderful World.”
Sinclair Q2 Revenue Up 11.9%. While stats for its Seattle radio properties (KOMO “News Radio 1000 & 97.7, KVI “Talk Radio 570,” and hot AC KPLZ “Star 101.5) are not broken out in its earnings release, Sinclair Broadcast Group saw second-quarter revenue increase 11.9% year-to-year to $730.1 million; net income attributable to the company fell from $44.6 million to $28 million. Regarding the pending acquisition of Tribune Media Company, Sinclair president and chief executive officer Chris Ripley states, “We are working with them to analyze approaches to the regulatory process that are in the best interest of our companies, employees, and shareholders.” In terms of Q2 results, Ripley notes, “[They] came in well ahead of guidance in all key financial metrics, and we expect the second half of the year to continue to be robust, underlined by increasing distribution revenues and strong political advertising spend. This year’s mid-term elections are expected by many to have the most spending in U.S. history with broadcast television a primary beneficiary.”
Urban One Second-Quarter Net Revenue Down 2.1%. The year-to-year total slips to $115.2 million although broadcast and digital operating income is up 6.1% to $44.3 million. Overall operating income doubles to $24.8 million and net income improves from $802,000 to $23.6 million. Attributed to results in Atlanta, Philadelphia, St. Louis, and Raleigh, radio advertising fell 6% to $52 million. There was radio growth, however, in Dallas, Washington (D.C.), and Cleveland. Digital advertising, cable TV advertising, and event revenues are all off, as well; cable TV affiliate fees saw increases. Keeping pace with 2017, Tom Joyner’s 19th “Fantastic Voyage” took place in the second-quarter and generated $9.4 million. Company president and chief executive officer Alfred C. Liggins, III remarks, “Our Q2 radio performance was in line with expectation. After a tough April, the quarter improved sequentially, and we are currently pacing approximately flat for third-quarter. We are launching a new network in January 2019 that will target African-American females and feature lifestyle and entertainment programming. The addition of a second network will help us continue to grow our TV business in the longer term, and has great potential synergy with our existing platform. Our digital segment came in below expectation for Q2, but has had a very strong start to third quarter and we remain optimistic for the back half of the year.”
Lotus Acquires Scripps Stations in Tucson and Boise. Eight stations are involved in the $8 million transaction between (buyer) Lotus Communications and (seller) The E.W. Scripps Company. Lotus president Jim Kalmenson remarks, “We are looking forward to getting to know the many talented professionals at these Scripps radio stations. Both companies share a genuine passion for producing excellent local radio and serving the public.” Scripps president and chief executive officer Adam Symson adds, “Lotus Communications’ commitment to serving local communities – with a focus on western region markets in particular – makes it a natural fit to run the Tucson and Boise stations. This deal sets up the stations for continued success.” In Tucson, Lotus picks up and will keep adult contemporary KMXZ “94.9 “Mix FM” and sports talk KFFN “ESPN Tucson,” but will spin urban-rhythmic oldies KTGV “106.3 The Groove” and news/talk KQTH. Its Boise acquisitions include classic rock KJOT “J-105”; rock KQXR “100.3 – The X”; triple A KRVB “94.9 The River”; and classic hits KTHI “107.1 K-Hits.”
TALKERS News Notes. Longtime New York City (WMCA, WINS, WCBS-AM) newscaster and talk host Ralph Howard has died. According to Salem Radio Network vice president of news & talk programming Tom Tradup, “Ralph personified New York City – vibrant, charming, a little edgy, and nonstop energy; I will miss him greatly.” Tradup produced “Ralph & Ryan” on WMCA in the early-1980s; “Ryan” was longtime NBC-TV newsman Bill Ryan. In addition to New York City credentials, Howard worked in Chicago at WIND, WBBM-AM, and WCFL, as well as for The Associated Press and ABC Radio. Until he retired in May 2013, he was a news anchor for Howard Stern, hosting “Howard’s World,” covering Stern’s SiriusXM exploits. This Sunday (8/12) at 3:00 pm, a celebration of Ralph Howard’s life will be observed at New York City’s Riverside Chapel; Howard was 76 years old ….. Alpha Media Portland’s KXL “FM News 101” adds Envision Networks’ two-hour Nik Miles-hosted “Our Auto Expert” to its Sunday afternoon lineup (2:00 pm – 4:00 pm). Alpha Media executive vice president of programming Scott Mahalick remarks, “When it comes to personality and compelling automotive talk, nobody does it better than Nik Miles. We are excited to share ‘Our Auto Expert’ with the world as part of our commitment to bring the best live & local programming to our listener community.” KXL operations manager Bruce Collins notes, “Nobody knows more about the auto industry than Nik. He is both informative and entertaining – we welcome Nik and his show to KXL.” Miles adds, “I am so excited be working with the country’s most forward-thinkers in radio. Being live and local every week gives listeners an opportunity to be the first to hear about groundbreaking automotive stories and stay informed.” ….. The former general manager of Ohana Media Group’s six Anchorage (Alaska) stations – Tom Oakes – is named operations manager for Scripps Radio’s five-station Springfield, Missouri cluster, which consists of KTTS “94.7 Country’s Best”; CHR KSPW “Power 96.5”; adult hits KRVI “106.7 The River”; and KSGF AM & FM “News/Talk 1260 & 104.1.” In addition, he will be the program director of KTTS. Springfield Operations vice president and general manager Rex Hansen notes, “Tom Oakes brings years of experience in all formats we operate here in Springfield. Our listeners, team, and advertisers will benefit greatly from his expertise. His coaching skills will make a difference for our air staff immediately.” Oakes remarks, “A busy fall lies ahead as we prepare for not only the next ratings sweep, but continue to work with our on-going projects, promotions and programming needs across the entire cluster.” Oakes previously was vice president of programming for Ohana’s 11 stations in Alaska and Oregon; worked for New Northwest Broadcasters in a variety of upper-management roles with their stations in Alaska, Montana, Oregon, and Washington; and has experience in Omaha, Madison, and South Bend (Indiana) ….. The annual Public Radio Program Directors (PRPD) content conference will be held later this month (8/20 – 8/23) at Austin’s Hyatt Regency Hotel. “Pixels and Place” author Kate O’Neill will be a keynote speaker. PRPD is the only national gathering devoted solely to public radio content and programming and this year’s conference, “will be the most format-inclusive in the organization’s history. As every public radio station grapples with consumption, relevance and sustainability, the PRPD is committed to creating a setting where content leaders can learn, network and advance their careers.” ….. Owing to a strategy change regarding original podcasts, Amazon’s Audible Originals senior vice president of original content development Eric Nuzum is departing. The former NPR executive made the announcement in an email earlier this week. Several other Audible Originals staffers – including the entire unit responsible for original spoken-word podcast content – are also exiting, according to published reports. After releasing high-profile shows in its short existence, Audible Originals has more recently shifted to signing major authors to audiobook-first deals.
Round Two of July 2018 PPM Data Released. The second of four rounds of ratings information from Nielsen Audio’s July 2018 PPM survey has been released for 12 markets, including Washington (D.C), Boston, Miami, Detroit, Seattle, Phoenix, Minneapolis, San Diego, Denver, Tampa, Baltimore, and St. Louis. Nielsen Audio’s July 2018 survey period covered June 21 – July 18. See all the 6+ numbers from subscribing stations here.
TEGNA Releases Q2 Financials. The former television division of Gannett, Virginia-based TEGNA, reports that its second-quarter net income from continuing operations was up 87.8% to $92.5 million. “Subscription,” which is the company’s term for television retransmission consent revenue, was up 16%. President/CEO Dave Lougee notes, “Our progress in the quarter gives us confidence that our growth strategy is on track. Our business mix continues to evolve toward predictable and profitable subscription-based revenue streams. Contrary to conventional wisdom, our paid subscriber base is very stable, and in fact, our total number of paid subscribers was up year-over-year for the first time in recent years.” TEGNA owns or operates 47 TV stations in 39 markets. Results for its San Diego radio properties, news/talk KFMB-AM “AM 760 Talk & Breaking News” and rock KFMB-FM “100.7 KFM-BFM,” are not broken out in its earnings releases. The company completed its acquisition of KFMB-AM, KFMB-FM, and KFMB-TV from Midwest Television six months ago for a reported $325 million.
Ohio Special Election/Primaries, Manafort Trial/Gates Testimony, California Wildfire and the Environment, Trump China Tariffs, Alex Jones/InfoWars Banned by YouTube and Facebook, and MLB Action Among Top News/Talk Stories Discussed Yesterday (8/6). The cliffhanger special election in Ohio and key primaries in several states, the trial of former Donald Trump campaign manager Paul Manafort highlighted by the damaging testimony of Rick Gates; the deadly California wildfire and its connection to the environment; Alex Jones and InfoWars being dropped by several major social media platforms and MLB action were some of the most-talked-about stories on news/talk radio yesterday (8/7), according to ongoing research from TALKERS magazine.
Music Radio News and Career Moves. Co-host of “The Bob & Tom Show” – Tom Griswold – will host two evenings of live comedy featuring Greg Hahn, Pat Godwin, and Josh Arnold one week from Friday (8/17) at Indianapolis’ Irving Theater and the following night (8/18) at Lafayette, Indiana’s Lafayette Theater. All proceeds from both shows will go to The Nora Dane Fund, which helps defray the costs of medical treatment and related expenses for two-year-old Nora Dane, who is being treated for a rare, aggressive malignant brain tumor. Griswold states, “Three of my favorite comedians are stepping up to help little Nora. I promise a great night of comedy to support the amazing efforts being made to help this wonderful little girl.” Preferred seating tickets for each show are $75 and include early access to the venue; a meet-and-greet with the featured talent; a photo; VIP laminate; and choice of seating. Griswold and co-host Bob Kevoian originate their Westwood One syndicated show from Cumulus Media Indianapolis flagship WFBQ “Q-95 Indy’s Classic Rock.” ….. In honor of mid-day talent Pat Martin’s 30th anniversary with Entercom Sacramento’s KRXQ “98 Rock,” The Pat Martin All-Star Band will perform tonight (Wednesday, 8/8, 8:00 pm – 10:00 pm) as part of a free concert at Folsom, California’s Powerhouse Pub. Guest band members Jeff Keith from Tesla, composer Robert Sabino, and UFO’s “Atomik” Tommy McClendon are among others scheduled to appear. Martin currently fronts the longest consecutive running radio show in Sacramento history ….. As part of an exclusive long-term partnership with Saga Communications, Mediabase and BuzzAngle Music will provide Saga with comprehensive music listening and consumption data for more than 130 radio stations nationwide. Saga Communications vice president of programming Bob Lawrence comments, “Mediabase and BuzzAngle have proven to be essential tools for our many markets and programmers over the years. When presented with the opportunity to put them in our arsenal on a group-wide level, we simply could not resist.” Mediabase president and RCS Worldwide president/CEO Philippe Generali remarks, “We couldn’t be more thrilled to be chosen by the very talented programming team at Saga Communications. This partnership will expand the list of markets covered by Mediabase and complement it with the BuzzAngle sales and streaming data for all Saga stations.” Meanwhile, Jim Lidestri, chief executive officer of Border City Media, the makers of BuzzAngle Music, adds, “Mediabase’s airplay monitoring and BuzzAngle’s extensive consumer analytics is a powerful combination for programmers. We are delighted to partner with Saga to give them the most comprehensive tools to connect with – and engage – their listeners through music.” ….. Tickets go on sale this Friday (8/10) for Stephens Media Group Tulsa alternative KMYZ “Z-104.5 The Edge,”-sponsored “The Edge Halloween Haunt.” The October 31 event will feature The Struts, Meg Myers, and Albert Hammond, Jr. ….. After a four-year hiatus, Corey Garrison will return to Binnie Media Portland, Maine country outlet WTHT “99.9 The Wolf” later this month (8/20) as music director and afternoon driver. Operations manager Stan Bennett notes, “Corey has a great passion for country music. I could not be happier to see him return home and help an already veteran team keep ‘The Wolf’ Maine’s most-listened to country station.” Prior to working for three Blueberry Broadcasting stations in Lewistown-Augusta-Bangor, Maine (WABK, WBAK, and WBKA), Garrison was assistant program director/music director/afternoon talent at “The Wolf” (2007-2014). He takes over for J.C. Coffey, who left WTHT late last month ….. This past Saturday (8/4), 24-year-old Eric Manias was a victim of a home invasion at his New Albany (Ohio) apartment. Manias is a family member of Digi-Dude Nate, who is part of “Bailey and Southside,” the morning team on Cumulus Media Atlanta’s WNNX “Rock 100.5.” Manias was shot twice, beaten, and robbed. Transported to Grant Hospital, he is in critical condition with a fractured jaw and arm; broken hip; and numerous cuts and bruises; he’s had four surgeries thus far. Manias was born with pulmonary atresia, a heart disease in which the pulmonary valve is not properly formed. Shortly after his birth, he had three open-heart procedures. As of noon yesterday (8/7), a fund to help with his medical bills raised more than $5,700 toward a $10,000 goal ….. WOCQ-HD2 “Kool Oldies,” Salisbury-Ocean City (Maryland); WQTL “Kool Oldies 106.1,” Tallahassee (Florida); and KWML “Kool Oldies,” Las Cruces (New Mexico) are the latest affiliates of Envision Networks’ “Wolfman Jack Radio Show.” All three are Adams Radio Group properties. Its president & chief executive officer Ron Stone states, “We are thrilled to bring ‘The Wolfman’ back in our markets where we have great oldies stations playing the best music of all time. We believe the audience our oldies stations target are going to fall in love with ‘The Wolfman’ all over again.”
iHeartMedia and Lenders Buy a Little More Time. The deadline for the Forbearance Agreement signed on Sunday was last night at midnight. Prior to that deadline however, iHeartMedia and the Consenting Lenders agreed to extend the term of that Forbearance Agreement to next Monday (3/12) at midnight CT. iHeartMedia – seeking to find a long-term solution to its $20 billion debt problem – is past the grace period and, without the Forbearance Agreement, would be in default on a missed $106 million payment on 14% Senior Notes. That default would likely trigger bankruptcy for iHM, but clearly the group of senior creditors are trying to find a way to avoid putting the fate of the company in the hands of a bankruptcy judge. This extension leads some analysts to conclude that some progress is being made toward that end.
Entercom Releases Q4 2017 Financial News. This is the first quarterly report for Entercom Communications Corp. that includes results of the CBS RADIO stations. The merger closed on November 17, 2017. Remember that Entercom issued 101,407,494 Class A shares to former shareholders of CBS Corporation who participated in the exchange. Net revenue for Q4 2017 was $246.6 million, compared to $124.6 million in the fourth quarter of 2016. “Operating income for the quarter was a loss of $2.3 million, which was negatively impacted by $36 million of merger, restructuring, impairment and financing costs. This compared to operating income of $30 million in the fourth quarter of 2016…adjusted EBITDA for the quarter was $45 million, compared to $35.2 million in the fourth quarter of 2016.” The company reports that as of December 31, 2017, it had outstanding $1.4 billion of senior debt under its credit facilities and $400 million in senior notes and $34.2 million in cash on hand. Entercom president and CEO David Field comments, “We are making excellent progress toward our goals of capitalizing on our transformational merger and building a truly outstanding media and entertainment company. As the country’s #1 creator of live, original, local audio content and with a premier collection of outstanding local radio stations, digital platforms and live events, we have the scale and capabilities to compete more effectively with other media for a larger share of ad dollars. We are off to a great start executing our game plan with important achievements in a number of areas including building a best-in-class leadership team and culture, growing our brands and ratings, executing our synergies, launching new sales tools and advocacy, and much more. We are very pleased with our progress and more excited than ever about the needle-moving opportunities ahead.”
Unsecured Creditors Challenge Cumulus Media’s Executive Bonus Structure. A group of Unsecured Creditors – the Official Committee of Unsecured Creditors of Cumulus Media – is formally objecting to Cumulus Media’s executive bonus program in a filing with the U.S. Bankruptcy Court. In the filing, the Committee says, “the Debtors seek authorization to pay millions of dollars in supplemental ‘incentive’ compensation to highly compensated senior executives during an expedited chapter 11 process that, if the Debtors prevail at confirmation, will result in the unsecured creditors of these estates receiving pennies on the dollar. These executives have already received millions in prepetition ‘incentive’ compensation payments (indeed, the Debtors’ CEO has already received over two million dollars in supplemental 2017 incentive payments and is scheduled to receive at least an additional [amount redacted] if the Motion is approved) and stand to benefit from a very robust Management Incentive Plan (the “MIP”) to be implemented upon the Debtors’ emergence from bankruptcy. Moreover, the Debtors seek authorization to implement not one, but two allegedly incentivizing and wholly overlapping programs that both contemplate quarterly cash payments payable upon achievement of the exact same targets and metrics in order to “properly incentivize” those members of management who already stand to gain a substantial economic benefit from obtaining confirmation of the plan and thus implementation of the MIP.” The Committee says the incentive program cannot be allowed and cites three aspects of the U.S. Bankruptcy code that it believes backs its case.
Morning Drive Talk Host Angie Austin Announces Distributor and Rep for New Show. Talk show host Angie Austin – who previously hosted the “Daybreak USA” program on USA Radio Network – has re-branded her program “The Angie Austin Show” and it’s set to be delivered to affiliate stations via Genesis Communications Network with The Show Must Go On! repping the program. Mike Opelka co-hosts the show that is delivered live from 6:00 am to 9:00 am ET. A presser says the show will debut in seven markets.
Judge Cites Lack of Evidence in Complaint Against WGAC, Augusta Talk Host Austin Rhodes. After a complaint from local businessman Joe Mullins suggesting that WGAC, Augusta, Georgia talk host Austin Rhodes’ words on his radio show caused him to become concerned for the safety of himself and his family, a judge has ruled that there is not enough evidence to suggest a crime may have been committed. According to a report by WJBF-TV, Mullins complained to authorities that Rhodes compared him to a snake on his February 27 broadcast and said, “Snakes have to be dispatched or killed.” The story notes that local police listened to a recording of the entire segment provided by Mullins but concluded that there was no direct threat to Mullins.
TALKERS News Notes. Rapid City, South Dakota has a new news/talk station as HomeSlice Media Group flips KKLS-AM/K248BT – both licensed to Rapid City – from classic hits to using syndicated programming. Shows on the station’s program schedule include: Dave Ramsey, Joe Pags, Westwood One’s Mark Levin, Jim Bohannon and Chris Plante, plus others. The schedule does not indicate a morning drive show, leaving open the possibility of a local program…..Entercom and PNC Bank partner to spotlight star high school lacrosse students in the Maryland community. Entercom sports talker WJZ-FM, Baltimore “105.7 The Fan” and its sister stations are taking part in the PNC Achievers program that identifies and recognizes outstanding female and male student lacrosse athletes from public and private schools across the state of Maryland for their success and leadership on and off the field. Entercom Baltimore SVP and market manager Tracy Brandys says, “At Entercom, giving back to our local communities is an important part of what we do and PNC Bank shares these values. We’re excited about this partnership that allows us to shine a light on high school athletes who display exemplary study habits, achieve excellent grades, are active volunteers in the community and mentor other students to help meet their respective goals.”…..University of Alabama Athletics and multi-media rights holder Learfield announce a five-year agreement with SummitMedia for the broadcaster to serve as the official radio home of the Crimson Tide Sports Network in Birmingham…..iHeartMedia’s alternative rock K248CU, Austin “ALT 97.5” signs a deal with MLB’s Houston Astros to serve as the ballclub’s official Austin affiliate. The station will carry all regular and post-season games.
Trump Tariffs Plan, Stormy Daniels Suit, Feds vs California, Trump Russia Investigation, Gun Control, North Korea-South Korea Talks, Russian Double Agent Poisoning, and NBA Action Among Top News/Talk Stories Yesterday (3/7). The Trump Administration’s plan for tariffs on foreign steel and aluminum and the related exit of economic adviser Gary Cohn; porn star Stormy Daniels’ suit for relief from confidentiality agreement with President Trump; Attorney General Jeff Sessions’ suit against California in the sanctuary matter; the investigation into possible connections between Trump campaign operatives and Russian agents; the debate over gun control and Florida’s bill to limit gun ownership to those 21 and over; the talks between North Korea and South Korea over the former’s nuclear program; the apparent poisoning of a former Russian double agent and his daughter in the U.K.; and NBA action were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.
Cool Job Opportunity. Radio management pro Harvey Wells is looking for a multi-talented operations manager for the Mid-West Family Broadcasting cluster in Springfield, Illinois. He says, “If you know a great talk/mainstream rock/talent coach/radio person, I’m looking for an operations manager to partner with me in the fine state capital of Springfield, Illinois. This is not a ‘rookie’ position. Must be able to do an airshift as well.” Contact Harvey at: email@example.com.
Music Radio News and Career Moves. Chicago’s famed classic rocker “The Loop” isn’t going away completely. With Educational Media Foundation’s LMA of WLUP-FM (soon to have new calls WCKL-FM) to begin Saturday in advance of its purchase of the signal from Merlin Media, Cumulus Media is taking the “Loop” format (sans jocks) and moving it to the HD2 channel of alternative rock WKQX-FM. Of course, that station is also up for sale and it’s likely a buyer will swoop in on this Windy City signal sooner rather than later…..Beasley Media Group announces it is naming Jeff Kurkjian the new morning drive co-host for its country outlet KCYE, Las Vegas “102.7 The Coyote.” Kurkjian, who was most recently morning host at Entercom’s hot AC WQAL, Cleveland “Q104,” is partnering with Aimee Montgomery, who slides over to “The Coyote” from Beasley’s adult contemporary “Lite 101.5 FM.” Kurkjian says, “I am so excited to be part of the team at ‘102.7 The Coyote’ in Las Vegas. I can’t imagine doing anything but local radio. I’m looking forward to connecting every morning with the casino workers getting off third shift, the moms taking their kids to school and everyone in between. I am eager to get out and about in Las Vegas, especially coming from the frozen tundra of the Northeast!”…..iHeartMedia announces the addition of Eminem featuring Kehlani, plus N.E.R.D and G-Eazy to the program of previously announced performers for this Sunday evening’s 2018 iHeartRadio Music Awards…..Entercom’s classic rock KGON, Portland enters into a multi-year agreement with The Waterfront Blues Festival. Some of the highlights of the new partnership include the return of the festival to its original radio broadcast partner and the switch of KGON-HD2 to Waterfront Blues Radio – playing blues music all day. The festival takes place July 4 through 7 at Tom McCall Waterfront Park and this summer’s event marks the 31st anniversary of the festival…..Pictured below are staffers of Cumulus Media’s adult contemporary WMAS-FM, Springfield, Massachusetts and volunteers celebrating the final tally of the WMAS Radiothon benefitting the Children’s Miracle Network and Baystate Children’s Hospital. Vice president and market manager Craig Swimm says, “Extremely proud of the team as we wrap up this year’s 94.7 WMAS Radiothon — $245,367 raised over 2 days. We beat last year’s number and have raised more than $4.5 million for the Children’s Miracle Network since 2002.”