Tag: "financial report"
WTAM, Cleveland Legend Mike Trivisonno Passes at 74. The Cleveland operations of iHeartMedia announce that longtime WTAM-AM talk host Mike Trivisonno has died. A statement from the company says: “It is with heavy hearts that WTAM 1100 announces the passing of radio legend and current talk show host, Mike Trivisonno. He was 74 years old. Trivisonno, a Cleveland native, began his talk radio career in 1986. Since his days as ‘Mr. Know-it-All,’ Triv has been voted ‘Best Talk Show Host’ by Scene Magazine and The Achievement in Radio Awards. The Cleveland Plain Dealer named him the ‘Voice of Cleveland,’ Cleveland Magazine named him ‘One of Cleveland’s Fifty Most Interesting People,’ and he was a 2003 NAB Marconi finalist for ‘Personality of the Year.’ Triv proudly raised over $5 million dollars for local charities during his career, including Coats for Kids, whom he hosted his annual ‘Vegas Show Benefit’ in support of. Although ‘The Voice of Cleveland’ has been silenced, his impact on Cleveland will be felt and heard for years to come. All of us here at WTAM send our love and support to his family during this difficult time. We will bring you more details as we receive them, including information on memorials.”
NOW POSTED: This Weekend’s Installment of “The Michael Harrison Wrap: An Overview of the National Conversation.” The latest installment of the 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, “War of the Words,” looks back at this past week of 10/25 – 10/29. The program features guests (in order of appearance): Kevin Casey, executive editor, TALKERS; Victoria Jones, executive director, DC Radio Company; Armstrong & Getty, talk show co-hosts, independently syndicated; Glenn Jacobs, mayor of Knox County, TN/former world heavyweight champion wrestler (Kane), WWE. 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, Denver; KFNX, Phoenix; KTLK-FM, St. Louis; WPG, Atlantic City, NJ; SuperTalk 99.7 WTN, Nashville; 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, DE; WCHM, Clarkesville, GA; WPHM, Port Huron, MI; KSYL, Alexandria, LA; KTOE, Mankato, MN; WCED, DuBois, PA; K-NEWS 101.3, Owensboro, KY; WWTK, Sebring, FL; WSAR-AM/FM, Fall River, MA; WIZM-AM/FM, La Crosse, WI; WMVA, Martinsville, VA; KQEN, Roseburg, OR; 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.
SiriusXM Q3 Revenue Rises 9%. Satellite and digital broadcaster SiriusXM revealed its financial results for the third quarter of 2021 and reports revenue of $2.2 billion, an increase of 9% compared to the prior year period. The company recorded net income of $343 million in the third quarter of 2021, compared to $272 million in the same period a year ago. SiriusXM CEO Jennifer Witz says, “By adding a record 616,000 net new SiriusXM self-pay subscribers in the third quarter, we attained our prior full-year guidance of approximately 1.1 million net additions in just nine months. We are increasing all of our financial guidance for 2021 and expect to add more than 1.1 million net new self-pay SiriusXM subscribers this year, making 2021 our best for self-pay subscriber growth since 2018. During the quarter, we saw continued low monthly churn and outstanding ARPU performance in the SiriusXM business, and we are also making important progress driving advertising growth at Pandora.”
Nielsen Revenue Increases 5.5% in Q3 of 2021. Reporting its financial data for the third quarter of 2021, Nielsen Holdings Plc says revenue increased 5.5% to $882 million on a reported basis. Net income from continuing operations attributable to Nielsen shareholders increased 18.2% to $117 million, compared to $99 million in the third quarter of 2020. Nielsen CEO David Kenny comments, “We are pleased with our strong third quarter results, building on our track record of execution and demonstrating continued progress on our strategic growth plan. In Audience Measurement, clients see the value in our enhanced and expanded products, and it is driving strong performance across national media and digital-first clients. In Outcomes and Content, growth was driven, in part, by improving trends post-COVID, and we are continuing to build on our global leadership position. Our updated guidance today reflects our strong performance year to date and confidence in our ability to deliver on our objectives.”
iHeartMedia Executive Tony Coles Joins Board of Big Brothers Big Sisters of America. Radio executive Tony Coles is joining the board of directors for Big Brothers Big Sisters of America. The press release says Coles – who serves iHeartMedia as division president of Metro Markets and president of Black Information Network – brings “expertise in media and a passion for mentorship, especially in reaching communities of color, to BBBSA to increase equity and make a lasting impact on the lives of young people.” He most recently worked with BBBSA in securing music artists Blanco Brown and Parmalee as special guests for the organization’s virtual national conference, to bring awareness about the need for more mentors. Coles says, “When I think about the impact mentors have played in my life, I am grateful for those who poured into me and encouraged me to achieve the goals I set for myself — personally and professionally. I am excited to join a powerful board of committed individuals who are focused on making sure the next generation is equipped and prepared for life.”
WBT-AM/FM, Charlotte Wraps Up ‘Talktoberfest.’ The second annual “WBT Talktoberfest” wrapped up last night (10/28) at Radio One’s “News Talk 1110 & 99.3 WBT” in Charlotte. WBT program director Mike Schaefer says this year’s “Talktoberfest” expanded on the 2020 event in which WBT host and former Governor Pat McCrory chatted virtually with Key Networks syndicated talk icon Bill O’Reilly. This year, each Thursday in “Talktober” two of WBT’s personalities met virtually for an hour or so with listeners in a fun “ask us anything” forum on the station’s Facebook Live, Twitter and YouTube platforms. The first episode brought together morning drive host Bo Thompson and the newest member of the team, 12:00 noon – 3:00 pm host Pete Kaliner, discussing everything from their local roots to Pete’s return to WBT to host in the daypart formerly held by Rush Limbaugh, to pizza. The second edition was more news focused as WBT news reporters Mark Garrison and “Breaking” Brett Jensen broke down the biggest local news stories in Charlotte and North Carolina. Week three featured late morning and afternoon drive hosts Vince Coakley and Brett Winterble with a discussion that leaned heavily towards national politics, with discussions of Vince’s previous run for Congress and Brett’s time as a member of the Rush Limbaugh show team. The “Talktoberfest” finale featured an extended version of the station’s twice-daily “AM/PM” discussions with Bo Thompson and Brett Winterble. Schaefer says, “WBT’s Talktoberfest 2021 was a fun, unpredictable series driven largely by the participation of our loyal listeners! We’re excited to see how the event will evolve in 2022!”
Nielsen and SCBA: The Power of Impressions for the Radio Industry. A recent study by Nielsen – commissioned by the Southern California Broadcasters Association – shows the power of impressions-based buying for the radio industry, according to the SCBA. The study reveals that agencies are increasingly using impressions to evaluate media, and the usefulness of impressions to evaluate radio and digital using a common metric. According to the study, the benefits of impressions-based buying (how many times an ad was heard) offers increased granularity over ratings (how many people were listening during a given time period) and adds value to more dayparts and easier comparison across markets. It also gives audio and digital platforms the ability to capture all of their audiences no matter where content is consumed. Additionally, the study showed that impressions also provide a brand safe environment for advertisers looking for premium impressions at the local level. Other highlights include: 1) The shift to buying on impressions is accelerating. In fact, 54% of agency professionals are now buying on impressions; 2) Buying on CPM levels the playing field, where supply and demand determine pricing rather than market size; and 3) The line between radio and digital is starting to blur, and impressions are key to evaluating radio station app and website audiences. SCBA president Miles Sexton says, “The importance of combining radio and digital advertising effectively cannot be overstated, and impressions are clearly where the industry is headed. As radio continues to evolve within the digital ecosystem, the building blocks of a successful cross-platform campaign will include impressions.” See more here.
Radio Hall of Fame Inducts Class of 2021. The 2021 Radio Hall of Fame inductees were honored at last night’s ceremony held at Chicago’s Wintrust Grand Banking Hall. Eight radio professionals were inducted, including talk personalities Kim Komando (pictured here with Radio Hall of Fame chairman Kraig T. Kitchin) and sports talk host Dan Patrick. Additionally, 33 late broadcasters were inducted as part of the Legends Class of 2021 that included: Dr. Joy Browne, Barry Gray, and Dr. Toni Grant. Last night’s program was hosted by Jonathon Brandmeier with Hall of Famer Jim Bohannon also doing announcing duties throughout the show. Photo: David Kindler Photography.
Federal Budget Negotiations Top News/Talk Story for Week of October 25 – 29. The negotiations over President Joe Biden’s infrastructure and social spending bills was the most-talked-about story on news/talk radio this week, landing atop the Talkers TenTM. At #2 this week was the state of the U.S. economy, the supply chain disruption, inflation, and labor issues. Following at #3 was COVID-19 vaccines, masks & mandates, and the politics and school board issues surrounding the pandemic. The Talkers TenTM is a weekly chart of the top stories and people discussed on news/talk radio and is the result on ongoing research from TALKERS magazine. It is published every Friday at Talkers.com. See this week’s complete chart here.
Saturday, October 30 Marks the 83rd Anniversary of Historic ‘War of the Worlds’ Radio Broadcast. With concerns over so-called fake news, “deepfakes,” and algorithm manipulation in the zeitgeist, this Saturday (10/30) marks the anniversary of the original “deepfake of 1938,” when more than eight decades ago, “War of The Worlds,” Orson Wells’ radio drama about an alien invasion theatrically presented as “breaking news,” reportedly scared the daylights out of the nation (and many claim that even the level of hyperbole surrounding those reports were fake news about fake news). The story about this event is extremely well-covered in today’s (10/28) posting of the premiere episode of Season 2 of the hit podcast series, “We Interrupt This Broadcast.” ATTENTION PROGRAMMERS: this is a great, last minute Halloween radio special in a bottle. The show’s producers are offering news/talk radio stations and broadcasters who read TALKERS free access to the podcast and use of any or all of its production elements to tie in with the event’s connection to Halloween. Here is a link to the “War of The Worlds” episode: The War of The Worlds: The Original Deep Fake of 1938. For more information or to arrange an interview, contact the podcast’s producer Joe Garner at firstname.lastname@example.org or 818-439-6771.
Entercom Acquires 45% Stake in DGital Media. What we don’t know from the press release from Entercom about this deal is how much the 45% stake in DGital Media cost the company. Nonetheless, this is a big deal for several reasons. The specifics of the investment aside, the deal will give DGital Media “in addition to the investment, significant annual marketing and promotional support” across Entercom’s AM/FM radio stations. It also includes a “multi-year services agreement under which DGital Media will dedicate significant resources to create world-class, original on-demand audio content leveraging Entercom’s deep roster of local talent and relationships in the world of sports, news, politics, music, comedy, and technology.” Additionally, DGital Media will serve as Entercom’s exclusive, third-party ad sales representative for all of its podcasts and other on-demand audio. Entercom president and CEO David Field states, “We are delighted to enter into this important relationship with DGital Media that enables us to partner with the premier on-demand audio content company in the U.S. and will scale our capabilities in this rapidly growing space. Upon close of our CBS RADIO merger, Entercom will be the clear leader in creating original audio content and we are committed to reaching our listeners in any way they wish to engage with us, whether through live over-the-air broadcasts, streaming audio, on-demand audio or in-person events and experiences. DGital Media has an impressive track record of developing and producing podcasts and growing audiences for their content partners. This partnership will strategically enhance our ability to deliver compelling audio to the public, wherever and whenever they please.”
iHeartMedia Second Quarter Revenue Up 1.9%. The second quarter 2017 financial report from iHeartMedia notes that consolidated revenue was up “1.7% after adjusting for a $15.5 million impact from movements in foreign exchange rates and the $36.1 million impact of the outdoor businesses sold.” Looking at the iHeartMedia segment (separate from the outdoor business), revenue there increased $16.5 million, or 1.9%. Revenue increased $17.8 million, or 2.1%, excluding political revenue. Included in the report were a number non-financial announcements including the launch of Smart A/V Audiences, an expansion of the SmartAudio suite of advertising products “that combines data from both iHeartMedia and Fox Networks Group enabling advertising partners to leverage audio and visual as one integrated platform to create custom audiences.” iHM says this brings “the precision and immediacy of digital advertising to the scale of broadcast radio and television.” The company also reports that “podcast listening on iHeartRadio increased by 20% year-over-year in the quarter, with more than 7,500 podcast publishers now distributing their content over the platform.” This is illustrated by podcasts like “Label Defiers with Zico Coconut Water” – produced through a marketing partnership between iHeartMedia and Coca-Cola – featuring well-known iHeartMedia personality Elvis Duran of WHTZ, New York “Z100” and his syndicated stations doing one-on-one interviews with artists. iHeartMedia COO and CFO Rich Bressler states, “To date, the iHeartMedia segment has delivered 17 consecutive quarters of year-over-year revenue growth. We remain committed to balancing financial discipline with investments to grow our businesses while continuing to work on our capital structure.”
WGOW-FM, Chattanooga Morning Host Jim Reynolds Charged in Domestic Incident. According to a report by ABC9 in Chattanooga, WGOW-FM morning personality Jim “J.R.” Reynolds was arrested and charged with aggravated assault and aggravated child abuse on Wednesday (8/2) after an incident involving Reynolds’ wife and two daughters. The police report indicates Reynolds was arguing with his eldest daughter about her cell phone usage and a fight the girl had been having with her younger sister when Reynolds – according to a statement from his wife – pushed the girl onto a couch. Reynolds disputes the details but admitted to police he physically touched his daughter and police told him that’s all that is required to constitute domestic violence. Reynolds co-hosts “The Morning Press” on Cumulus Media’s news/talk WGOW-FM alongside Jeff Styles and Bill Lockhart. Read the ABC9 account here.
Trump Phone Transcripts Leak Top News/Talk Story This Week. The leak of transcripts of President Trump’s conversations with world leaders was the most-talked-about story on news/talk radio during the week of July 31 – August 4, landing atop the Talkers TenTM. At #2 this week was the sanctions against Russia and the relations between the U.S. and Russia. Coming in at #3 was the fate of ObamaCare and the GOP’s efforts to craft a new health care plan, followed by the recent West Wing staff changes at #4. The Talkers TenTM is a weekly chart of the top stories and people discussed on news/talk radio 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.
Comrex to Display at IBC 2017 in Amsterdam. When the IBC 2017 media, entertainment and technology show gets underway in Amsterdam on September 15, Comrex will be there displaying some of its featured products, including the latest audio IP codec in its ACCESS line – ACCESS NX (pictured here). Other products being displayed at the show will include Opal, a new IP audio gateway, and LiveShot, a video-over-IP and bonded cellular solution. Comrex says that ACCESS NX is “the result of a decade of IP audio transmission advancements and is refined for the ultimate remote experience. Perfect for a wide range of applications – including ENG, sports announcing, talk show hosting, community outreach, and more…ACCESS NX runs on CrossLock, Comrex’s custom reliability layer that enables both powerful error correction and network bonding.” See more about the ACCESS NX here.
TALKERS News Notes. Last night’s Westwood One radio broadcast of the NFL Hall of Fame Game between the Dallas Cowboys and the Arizona Cardinals was the opener of the 31st consecutive season that the syndicator has been the exclusive, national network radio partner with the NFL. WW1 EVP corporate marketing for Cumulus Media and president, Westwood One Suzanne Grimes comments, “Everyone’s listening to the NFL on Westwood One because we unequivocally offer some of the best play-by-play and commentary in all of sports programming. No one touches Westwood One Sports’ commitment to quality programming and organic advertiser integrations. We are thrilled to extend our longstanding partnership with the NFL and can’t wait to kick off another season of unparalleled sports action.” Pictured at right are Pro Football Hall of Famers James Lofton (left) and Jason Taylor (right) in the broadcast booth for last night’s game. Taylor is replacing Lofton as Westwood One’s “Sunday Night Football” analyst, as Lofton slides over to duties at CBS-TV. Taylor with be enshrined in to the Pro Football Hall of Fame tomorrow night (8/5), alongside fellow WW1 analyst Kurt Warner…..The FCC has five commissioners once again. The U.S. Senate confirmed Republican Brendan Carr and Democrat Jessica Rosenworcel to their posts yesterday (8/3). They join Republican chairman Ajit Pai, Republican Michael O’Reily, and Democrat Mignon Clyburn. Rosenworcel returns after previously serving on the Commission and exiting at the end of 2016 as her term expired. Clyburn’s term expired in June but she’s allowed, by rule, to stay on through 2018 if she chooses. However, it’s reported that she may be considering a run for the U.S. House seat in South Carolina currently held by her retiring father, U.S. Rep. Jim Clyburn.
Mary Quass Named MIW’s ‘Trailblazer.’ The Mentoring and Inspiring Women in Radio Group names NRG Media chairman and chief executive officer Mary Quass recipient of the 9th annual MIW Radio Group Frances Preston Trailblazer Award. Quass will receive the honor on September 6 at the 2017 Radio Show in Austin. The MIW Radio Group Trailblazer Award is presented annually to a woman who, through her leadership and success in the media industry, creates opportunities for other women in radio.
Washington-Based Executive Producer and Radio Engineer Sought by Courtside Entertainment. Two positions are currently open at Norm Pattiz’s Courtside Entertainment. The first is an executive producer position based in Washington, DC. This position is with “one of the nation’s most popular conservative talk radio programs” and requires a “driven, intelligent, and organized person to oversee the day-to-day production of the show.” For application information and to see more about this position, click here. The second opening is for a radio engineer. That person “shall install, configure, and maintain radio broadcasting equipment as needed.” The candidate must have “relevant technical knowledge with good people skills and have excellent written and verbal communication skills.” For application information and to see more about this position, click here.
Music Radio News and Career Moves. Programming pro Paul Cannell comes home to New Orleans to join Cumulus Media as program director for alternative rock WZRH “Alt 92.3” and country WRKN “NASH FM 106.1,” effective August 14. Cumulus Media New Orleans VP/market manager Pat Galloway says, “Paul will be a great addition to an incredible team and will lead us on to incredible success for both ‘Alt 92.3’ and ‘NASH 106.1.’ I am fortunate to have already worked with Paul in the past and love his collaborative management style. Paul knows New Orleans, Baton Rouge and the Gulf South and loves the area! ‘Alt 92.3’ is simply on fire in the ratings and I’m confident Paul will only enhance its performance.”…..San Francisco radio personality Shan Berries re-ups with CBS RADIO CHR KMVQ “997 NOW” in a new, multi-year deal, according to CBS RADIO SVP Michael Martin…..In Phoenix, air personality Charlie Huero inks a deal with CBS RADIO to continue hosting the afternoon show on classic hits KOOL-FM. Huero has been with KOOL since 2011 when he joined the station as assistant program director and midday jock. CBS RADIO Phoenix SVP of programming Tim Richards says, “Charlie is an incredible talent with unmatched passion and experience. We are excited to renew his agreement.”…..Air personality Lady La joins iHeartMedia Phoenix to host shows on hot AC KMXP “Mix 96.9” and CHR KZZP “104.7 KISS FM.” She’ll be the evening personality on KMXP and will handle weekends/fill-ins on KZZP. iHeartMedia EVP programming, West Division Steve Geofferies comments, “Lady La will flourish in iHeartMedia’s creative and collaborative environment. Not only is she highly regarded on the air, but her social media following is among the best. The goal of adding the country’s top talent to our team continues.” Lady La was previously heard in the market on CBS RADIO’s crosstown CHR KALV and on Riviera Broadcasting’s hip hop KKFR.….Cumulus Media appoints Jim Day executive producer for the “Bob and Marianne in the Morning” show at adult contemporary WRRM-FM, Cincinnati “Warm 98.5.” Morning radio pro Day’s career has taken him to such stations as WIL-FM, St. Louis; KWEN, Tulsa “K955”; WSM-FM, Nashville “95.5 The Wolf”; and WHKO, Dayton “K99.1.” WRRM PD Brian Demay says, “[outgoing producer] Zach Stone set a high bar producing for Bob and Marianne, so finding someone with Jim Day’s experience is like an answer to prayer.”…..As a result of the departure of programmer Johnny Maze from the Adams Radio Group operations in Salisbury-Ocean City, Maryland, new PD roles are assigned. Adams Radio president Ron Stone announces that Stacy Gantt, a.k.a. Carolina, is named PD for rock WZBH “93.5 The Beach,” Rob Johnson takes on the PD role at rhythmic CHR WOCQ “OC 104,” and Laura Lee is named PD for classic rock WGBG “BIG 98.5.” Finally, country WHKI PD Larry “Big Red” Stephens is promoted to operations manager for the entire cluster. Stone says, “I could not be more excited about these changes. These folks bring heart and soul to the game and have proved it for us, in some cases now in more than one market for Adams. I love their energy and desire to win…and most importantly, their team spirit.”…..The iHeartRadio app is being made standard on dashboard infotainment systems in select 2018 Chevrolet, Cadillac and GMC vehicles, including the just released Chevy Traverse. iHeartMedia says that this provides driver-friendly access to its digital music and streaming radio service…..SiriusXM is broadcasting this weekend’s Lollapalooza festival from Chicago, beginning today (8/4) at 2:00 pm ET and running through Sunday. Coverage will include live performances and backstage interviews with artists including: Arcade Fire, blink-182, Muse, The Killers, Lorde, Cage The Elephant, and more.