Tag: "Feeding America"
Cumulus Media Reports 2020 Q4 Net Revenue Down 13.9%; Net Revenue for Full Year of 2020 Declines 26.7%. The second major radio company to report financial figures from the fourth quarter and the full year of 2020 (Beasley was first back on February 10), Cumulus Media reports net revenue of $245.8 million for the fourth quarter – a decline of 13.9% compared to the same period in 2019 – and full year 2020 net revenue of $816 million, down 26.7% from $1.1 billion reported in 2019. For Q4, Cumulus posted a loss of $249,000 a year after 2019’s Q4 income of $1.6 million. For the full year of 2019, the company posted a loss of $57.9 million compared to 2019’s full year income of $62.2 million. On the positive side, Cumulus reports that quarterly revenue improved sequentially from Q2 to Q4, both in total and excluding political; it achieved 9.4% year-over-year digital revenue growth (12.1% on a same station basis), driven by podcasting growth of nearly 40%; it generated $33.2 million of cash from operations for the full year; it completed two significant M&A transactions generating aggregate gross proceeds of $282 million; paid down $54.3 million of term loan and retired $47.2 million of senior notes; and finished the year with $271.8 million of cash on hand (an increase of $256.6 million compared with December 31, 2019). President and CEO Mary Berner comments, “Given 2020’s extenuating circumstances, I am extremely proud of the company’s performance and the efforts of the entire Cumulus team to meet the challenges posed by COVID-19. In the face of the pandemic, we maximized revenue performance, materially reduced expenses, generated cash through strong working capital management, and executed highly accretive divestitures that strengthened our balance sheet. As a result of these efforts and with a recovering economy, we believe that we are well-positioned to return our business to its pre-pandemic trajectory and to capitalize on strategic and financial options to best drive shareholder returns.”
Chad Benson Welcomes New Affiliate Stations. The Radio America-syndicated “Chad Benson Show” welcomes four new radio stations to its roster of affiliate stations: WP Broadcasting’s news/talk KRSY-AM, Alamogordo, New Mexico; WCED Rsdio’s news/talk WCED-AM, Du Bois, Pennsylvania; Fieldview Broadcasting’s news/talk KWBG-AM, Boone, Iowa; and VP Broadcasting’s news/talk WHOL-AM/W295CR Allentown, Pennsylvania. The Chad Benson Show is also heard on such signals as Bonneville’s KTAR-FM, Phoenix; iHeartMedia’s KSTE-AM, Sacramento; and Cox Media Group’s WOKV-FM, Jacksonville. Radio America says, “Listeners love Chad’s explanation of the day’s hard news delivered in a thoughtful and entertaining way. And that explains why Chad is featured on some of the most highly rated talk stations in the country and delivers the demos that talk radio needs most.”
Entercom and Pro Sports Teams Cooperate on ‘Vaccinate Michigan’ Effort. The Entercom Detroit station cluster that includes sports talk WXYT-FM “97.1 The Ticket,” all-news WWJ-AM “Newsradio 950,” and three music brands are partnering with the Detroit Lions, the Detroit Tigers, the Detroit Red Wings, and the Detroit Pistons to launch a new community initiative called “Vaccinate Michigan.” All five stations are airing state-approved public service announcements about the COVID-19 vaccination and its availability for Michigan residents. The “Vaccinate Michigan” announcements are voiced by various Entercom Detroit on-air personalities, show hosts, and news anchors, as well as some of the city’s key sports figures, including Tigers manager AJ Hinch, Tigers pitcher Matthew Boyd, Red Wings head coach Jeff Blashill, Lions head coach Dan Campbell, and Pistons head coach Dwane Casey. Entercom Detroit SVP and market manager Debbie Kenyon says, “Our company and sports partners understand the importance of getting Michigan businesses open, as well as the need of our listeners and fans to get back to work and feel some sense of normalcy. Radio serves as a crucial lifeline for the communities it serves and we’re proud to lend our influential voice in the community and our citywide footprint to deliver the important message of COVID-19 vaccinations to our listeners and fans.”
SummitMedia Enters into Podcast Deal with CurtCo Media. This strategic partnership between SummitMedia and CurtCo Media is SummitMedia’s first formal alliance with a third-party content creator for the podcast audience. SummitMedia owns and operates 47 radio stations in nine states. Los Angeles-based CurtCo Media currently produces cutting-edge quality scripted and unscripted podcast programming. SummitMedia chairman and CEO Carl Parmer comments, “SummitMedia’s partnership with CurtCo Media provides us with an exciting opportunity to develop and explore the rapidly growing podcast medium. We’ve known and watched CurtCo create engaging and innovative content for years, and we value the integrity and quality they bring to the media industry.” CurtCo Media CEO Bill Curtis says, “Having a strategic alliance and investment from SummitMedia makes this partnership the most powerful moment to date in our business development. We’re so excited to work with Greg Kelly, Carl and their team to create new dynamic programming and combine Summit’s powerful radio platform with CurtCo Media in the fast-growing world of podcasting. We believe this strategic partnership will provide sustainable value for our business and expand our audience.”
TALKERS News Notes. Longtime radio and television consumer advocate Clark Howard will receive the 2021 “Andrew Ashwood Award” at the 12th annual Talk Show Boot Camp, presented by Don Anthony’s Talentmasters and Gabe Hobbs Media being held virtually this year on March 18 and 19. Howard, who wrapped his nationally syndicated radio program after 23 years at the end of 2020, will be presented with the award by last year’s recipient, Greg Moceri. He says, “When I was given the privilege of selecting someone who exemplified the positivity that Andrew did for our industry, it took me two seconds to say Clark Howard. Having worked and associated with him for 30 years, he was an instant selection on how many ways he has demonstrated that positivity and has helped millions through the years. ‘In Clark we trust’ impacted his knowledge and authenticity in our industry for decades and it continues today. Clark was an instant choice to carry on this great tradition of honoring Andrew.”…..The 2nd Annual Radio Cares – Feeding America is off to a great start with new and returning partners signing on in support of the nationwide radio event that raises money to provide meals for individuals and families facing hunger in America. Radio Cares is presented by Feeding America and the Independent Broadcasters Association and takes place on April 14 on radio stations across the country. Last year, in its inaugural event, Radio Cares raised enough money to purchase 5 million meals.”…..The Philadelphia Phillies and Entercom announce a new, multi-year radio deal with the MLB’s Phillies to keep sports talk WIP-FM the flagship station for the club’s radio broadcasts. The play-by-play team of Scott Franzke and Larry Andersen will be joined by Kevin Frandsen this season. Entercom Philly SVP and market manager David Yadgaroff says, “We’re eagerly awaiting the return of Phillies baseball and are happy to announce a new broadcast extension with the club. As the undisputed voice of the Philadelphia sports fan, we look forward to putting listeners right in the middle of the action through premier game day coverage and keeping them caught up with their favorite team throughout the season.”
COVID-19 Stats & Vaccines, SCOTUS Trump Tax Returns Ruling, Capitol Riot Investigation, Cabinet Confirmation Hearings, Dominion Sues Mike Lindell, and Facebook Australia News Deal Among Top News/Talk Stories Yesterday (2/22). The United States passes the 500,000 COVID death mark and the rollout of vaccines continues; the Supreme Court rules New York prosecutors can have access to Donald Trump’s tax records; today’s first Senate hearing on the January 6 Capitol insurrection; Monday’s first confirmation hearing for Attorney General nominee Merrick Garland, and the coming hearings for embattled White House budget office nominee Neera Tanden and Interior Secretary nominee Deb Haaland; voting systems firm Dominion sues MyPillow chief Mike Lindell for $1.3 billion for defamation; and Facebook agrees to Australian news deal that will pay news organizations were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.
NOW POSTED: New Installment of “The Michael Harrison Wrap: An Overview of the National Conversation.” 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. The new episode titled “Living in a Ghost Town” looks back at this past week of April 27-May 1, 2020 and features guests (in order of appearance): Kevin Casey, executive editor, TALKERS; Scott Hennen, talk show host, WZFG, Fargo, ND / WTGO, Tioga, ND / KFYR, Bismarck, ND / KTLC, Dickenson, ND; Graham Mack, talk show host, Podcast Radio, UK; Michael Zwerling, talk show host / station owner, KSCO, Santa Cruz, CA; Glenn Beck, talk show host, Premiere Networks; and Victoria Jones, executive director, DC Radio Company. This acclaimed news/talk radio 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 WRKO, Boston; KSCO, Santa Cruz, CA; KDFD (“Freedom 93.7”), Denver; KFNX, Phoenix; WVLY, Wheeling, WV; WVOX, Westchester, NY; KBDT, Dallas; KQSP, Minneapolis; KBKW, Aberdeen, WA; WGDJ, Albany, NY; WJFN-FM, Richmond, VA; WZFG, Fargo; KTGO, Tioga, ND; WPHM, Port Huron, MI; KSYL, Alexandria, LA; the Virginia Talk Radio Network and Pioneer Valley Radio in Springfield, MA. To listen to this week’s episode (and the program’s complete archives), 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.
Smart Audio Report: Half of 18-34s Consuming More News and Information. Among the results of The Smart Audio Report Spring 2020 from Edison Research and NPR (based upon a national telephone survey of 1,002 U.S. adults age 18 and older, conducted December 31, 2019 through January 5, 2020, and a national online survey of 1,660 U.S. adults age 18 and older, conducted March 31, 2020 through April 1, 2020) is that “77% of those in the U.S. age 18+ are experiencing a change in their typical routine due to the outbreak of COVID-19 as of April 1, and voice-assistant usage has expanded during these disruptions.” Smart Speaker ownership has reached 24% of the 18+ U.S. population. The study concluded: 1) 36% of U.S. adult smart speaker owners say they are using their device more to listen to music and entertainment since the outbreak, and 2) 52% of 18-34-year-olds say the same; 3) 35% of U.S. adult smart speaker owners are listening to more news and information since the COVID-19 outbreak, and 4) 50% of those ages 18-34 say the same. See more about the study here.
iHeartMedia Creates ‘Small Business Crisis Resource.’ This new initiative from iHeartMedia is designed to help local, small business owners across the country easily find available benefits and resources during the COVID-19 pandemic. “Small Business Crisis Resource” serves as a centralized source for small business owners and includes a weekly iHeart Small Business newsletter and a website providing critical information on the Federal stimulus package, up-to-date small business news, state by state resources, links to top business-focused podcasts and more at iHeartRadio.com/SmallBusiness and SmallBusinessCrisisResource.com. Small business owners can also sign up for special webinars, kicking off this Monday, May 4 featuring iHeartRadio’s Elvis Duran joining senior officials from the U.S. Small Business Administration to discuss ways small businesses can find assistance and vital information. iHeartMedia Markets Group COO Hartley Adkins says, “At iHeart, our focus continues to be about serving our local communities, including the small businesses that support many residents. We also know that studies show business owners look to radio as their trusted news source more than any other medium, so we want to do everything we can to ensure that these businesses have the important information they need to survive and get through this pandemic as best they can.”
Stephan Multimedia Off to Rocking Start on Four-Day ‘Feeding America Emergency Radiothon.’ Beginning yesterday (4/30) and running through the weekend, Doug Stephan’s Stephan Multimedia national radio programs began a four-day “Feeding America Emergency Radiothon,” to help fight hunger resulting from the coronavirus pandemic. Doug Stephan says, “With more than 37 million of our neighbors struggling with hunger right now, we answered the call to join forces with RadioCares.org on this project. Within the first several hours, more than $176,000 was raised.” The Radiothon continues on the daily “Doug, Jenn and Victoria Show,” and weekend shows “The Talk Radio Countdown,” “Good Day Health” and “The American Family Farmer.” The combined programs are heard on more than 400 radio stations.
COVID-19 Statistics and Projections Top News/Talk Story for Week of April 27-May 1. The latest tally of confirmed COVID-19 cases, the death toll across the U.S., and projections of future infections were the most-talked-about stories on news/talk radio this week, landing atop the Talkers TenTM. At #2 this week was the state of health care system and its resources to fight the coronavirus. Coming in at #3 this week was the economy and the issue of lives vs livelihoods, followed by the presidential race, politics, and the #MeToo movement 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. See this week’s entire chart here.
Cumulus to Sell Albany, Georgia Station Group. The five-station cluster in Albany, Gerogia includes news/talk WALG-AM, country WKAK-FM, rock WJAD-FM, adult contemporary WEGC-FM, and urban AC WQVE-FM and Cumulus Media is selling it to First Media Services for $450,000. First Media Services, owned by Rick Lambert and Charles Spencer, also owns stations in Bluefield, West Virginia.
TALKERS News Notes. Copywriter Scott Dahl is the winner of the 13th Annual Dead Radio Contest in which a radio script that was rejected by the client or not green-lighted for some other reason is produced. The contest is sponsored by boutique radio agency Oink Ink Radio. Dahl works for Periscope and the winning script was “Homemade Easy: Call” written for Schwan’s Home Service. Normally, the winner receives an all-expense paid weekend trip to a recording session in NYC with Oink Ink to witness their beloved spot being revived. But COVID-19 prevented that so Oink Ink moved forward and produced the spot remotely. To hear “Homemade Easy: Call” and for more information about Oink Ink’s Dead Radio contest, click here…..There’s more speculation about the future of air personality Will Cain with ESPN Radio – this time from the Washington Post. Last week, the New York Post’s Andrew Marchand wrote about possible changes at ESPN. The Washington Post’s piece also reports that Cain will leave ESPN and return to FOX News where he’ll appear on FOX News Channel and the digital platform FOX Nation…..Entercom announces that it will report its 2020 first quarter financial results before the market opens on Thursday, May 14. It will host a conference call and simultaneous webcast at 10:00 am ET that morning to review the results and recent progress against its strategic initiatives…..Longtime Milwaukee and Houston radio personality and programmer Mike Elliott died on April 20 at age 82 after contracting pneumonia. Elliott worked in a number heritage stations – WGST-AM, Atlanta; WASH, Washington; and WIOD-AM, Miami – before landing at WTMJ-AM, Milwaukee in 1974. He would work in the market at WISN-AM, WZTR, and WLUM during his career. He also handled Houston Astros play-by-play on KENR-AM and anchored sports on Milwaukee’s WTMJ-TV. He retired from his last gig with WBWI, West Bend, Wisconsin in 2005.
Music Radio News and Career Moves. In addition to his recent appointment as director of programming for Westwood One’s country programming, Paul Williams is also being charged with serving as program director for country WKDF-FM, Nashville. Williams was most recently vice president of marketing & artist development for Reviver Entertainment Group in Nashville. Williams says, “What a unique opportunity to lead a radio station in a community you have lived in for over 14 years in one of the craziest times in history. We’re going to get through this with our Tennessee neighbors then rebound together with music, hope, fun, and the larger-than-life Volunteer State spirit.”…..Waterloo Media’s adult contemporary KGSR-FM, Austin “STAR 93.3” adds the nationally syndicated “Brooke & Jeffrey” show to the station’s weekday lineup for morning drive. Brooke Fox says, “We couldn’t be more excited to be part of Waterloo Media’s Austin team! [Program director] Krash Kelly’s energy, expertise and leadership at ‘STAR 93.3’ is a real dream for us. This partnership could not be better matched and we can’t wait to get on air to start killing it together.”…..Radio Power’s urban contemporary WAMO-AM/WW297BU “107.3 The Beat” announces that Premiere Networks’ “Big Boy’s Neighborhood” is taking over the morning drive daypart effective Monday (5/4).