Tag: "fiscal Q4"
Emmis Revenue Down 4% in Fiscal Q4. Radio revenue in the fourth fiscal quarter of 2018 for Emmis Communications was $22.2 million, down 4% pro forma for the sale of its Los Angeles and St. Louis radio stations. For the full fiscal year of 2018, pro forma revenue was $108 million, down 2% in markets that were down 1%, according to Miller Kaplan data. Emmis CEO Jeff Smulyan says, “While the fourth quarter didn’t finish as strongly as we would have liked, we are seeing significant strength as we commence the new fiscal year. Emmis’ first fiscal quarter is pacing up 5%, and ticket and sponsorship sales for Hot 97’s Summer Jam, Emmis’ largest event which occurs in June, are pacing well ahead of last year. Our renewed focus on digital is bearing immediate fruit, with Q1 digital revenues pacing up 50%. Ratings remain strong across all our brands and I’m confident that our ratings success will allow us to sustain this growth. With the scaling down of NextRadio that occurred last year, coupled with the company’s recent refinancing, Emmis has one of the best balance sheets in the radio industry, which has been enhanced by our strong operational start to this fiscal year.” In the report, Emmis noted that it completed a refinancing of its credit facility on April 12. The refinancing lowered the company’s cost of capital from 10.5% to 5.8%.
Urban One Q1 Broadcast and Digital Net Revenue Up 6.1%. First quarter financial data from Urban One, Inc. shows the company as a whole posted net revenue of approximately $98.4 million, a decrease of 1.2% from the same period in 2018. However, the broadcast and digital sector’s operating income was approximately $34.5 million, an increase of 6.1% over Q1 in 2018. Operating income during 2019’s first quarter was approximately $16.1 million compared to approximately $7.3 million for the same period in 2018. Net loss was approximately $6.7 compared to net loss of approximately $22.6 million for the same period in 2018. Urban One CEO and president Alfred C. Liggins, III comments, “While our radio division finished the quarter a little softer than expected, the Q2 pacings show a strong rebound, with April up mid-teens and Q2 overall pacing up high single-digits. TV One advertising revenues performed nicely, with ratings remaining relatively stable, and subscriber churn was largely offset by contractual rate increases. Our digital segment was impacted by the timing of a tent-pole event, which caused some revenue to spill over into Q2, however the reorganization of expenses that occurred at the end of 2018 meant that the division delivered a much-improved EBITDA performance. Our investment in MGM National Harbor continues to perform well, with first quarter net gaming revenues up by 5.6% year-over-year. We remain focused on deleveraging, and during the first quarter we reduced indebtedness by $21.8 million.”
Beasley Ups Heidi Raphael to Chief Communications Officer. Corporate communications pro Heidi Raphael is promoted to chief communications officer at Beasley Media Group. Raphael had been VP of corporate communications. She joined Beasley in 2017, coming over from Greater Media – where she’d been for two decades – after Beasley acquired its assets. Beasley CEO Caroline Beasley says, “Heidi has proven time and time again that she is most deserving of being promoted to the position of chief communications officer. While she’s only been at our company for two years, she’s accomplished more than others would in five! We are so very proud and lucky to have her in our Beasley Media Group family.” Raphael currently serves on the boards of the Library of American Broadcasting Foundation, the Broadcast Education Association and the Florida Association of Broadcasters. In addition, she is a member of the Mentoring and Inspiring Women in Radio Group executive committee.
Chelsey Waddell Named Director of Marketing for iHeartMedia Raleigh. Marketing pro Chelsey Waddell is appointed director of marketing and promotions at iHeartMedia’s Raleigh station group that includes WTKK-FM “106.1 FM Talk” and four music-formatted stations. Waddell previously served in marketing and promotions positions with Radio One in St. Louis and Cumulus Media in Melbourne, Florida. In this position she’ll work closely with the promotions, events, sales, and programming teams in developing and executing marketing for the Raleigh market’s iconic brands and franchises and will be responsible for developing and creating marketing strategies to increase brand awareness, enhance business relationships, and will assist with increasing revenue growth for the market. She says, “I’m excited to join the iHeartMedia market-leading team in Raleigh. I’m looking forward to growing brand engagement among our audiences while driving continued revenue for the stations.”
Shosh Abromovich to Lead iHeartMedia Toledo. Radio sales pro Shosh Abromovich is promoted from SVP of sales for iHeartMedia’s Toledo operations to market president. iHeartMedia region president Paul Corvino says, “Shosh has done an excellent job at leading our sales teams in the Toledo market. She truly understands the value of iHeart’s full spectrum of services and unmatched assets, including radio, podcast, digital streaming, social media and mobile as well as OTT in relation to creating effective branding and results-driven marketing programs.” The Toledo cluster includes news/talk WSPD-AM/W225AM and sports talk WCWA-AM “FOX Sports Toledo” in addition to five music brands.
TALKERS News Notes. The nationally syndicated Chad Benson show announces it adds a number of affiliate stations to its roster. Recently adding the Radio America-syndicated show to their program schedules are: Hubbard Radio’s WFTL-AM, West Palm Beach and KSLM-AM/FM, Portland and Townsquare Media’s KKAM-AM, Lubbock, Texas; KTPI-AM/FM, Lancaster, California; and WNWF-AM, Evergreen, Alabama…..SiriusXM is presenting comprehensive play-by-play and talk coverage of the PGA Championship taking place next week at Bethpage Black Course on Long Island. Live hole-by-hole coverage, which SiriusXM will co-produce with Westwood One, will air starting at 12:00 pm ET all four days of Championship play. The broadcast will be hosted by Brian Katrek and Taylor Zarzour who will handle the play-by-play.
The Mueller Report/Trump’s Executive Privilege, NYTimes Trump Piece, 2020 Presidential Politics, U.S.-China Trade War, Facebook Bans; Gaza-Israel Violence, and the Royal Baby Among Top News/Talk Stories Yesterday (5/8). The claim by President Trump that the release of the unredacted Mueller Report is up to him; the New York Times piece on Trump’s business losses from 1985 to 1994; the Democrats vying to challenge Trump in 2020; the trade war between the U.S. and China and the reactions of the world’s financial markets; Facebook’s ban of “dangerous individuals and organizations”; the violence between Gaza and Israel; and the birth of the royal baby were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.
Music Radio News and Career Moves. Radio programming pro Dustin Kross joins Radio One to serve as CHR format director in charge of the company’s WNOW-FM, Indianapolis “RadioNOW 100.9” and KROI-FM, Houston “RadioNOW 92.1.” Kross comes to Radio One from his most recent position as program director and morning host for Cumulus Media’s CHR KLIF-FM, Dallas “HOT 93.3.” Radio One vice president of programming Colby Tyner says, “We are excited to be working with Dustin, his expertise and passion for the top 40 format is just what we need in Houston and Indy.”…..The WHQC, Charlotte-based, regionally syndicated “Ace & TJ Show” announces it has officially named Laura Vinson, a.k.a. Intern Sass, a permanent member of The Ace & TJ Show. She began her career with The Ace & TJ Show as an intern in January 2018. Vinson says, “I’m excited and honored to be the newest member of ‘The Ace and TJ Show.’ I’m thankful for the overwhelming amount of support. I can’t wait to bring more sass and continue this journey with our radio family.”…..United Stations Radio Networks is distributing “The Summer of 1969,” produced and hosted by Dick Bartley, in honor of the 50th anniversary of the summer of 1969. The radio special will be available for air this summer and is perfect for classic hits/oldies-formatted stations. Music in the special will include many of the biggest songs of that summer, including major hits from The Beatles, The Rolling Stones, Stevie Wonder, Creedence Clearwater Revival, Blood, Sweat and Tears, and Crosby, Stills and Nash, as well as great novelty hits like “Sugar Sugar” from The Archies.
TALKERS 2016 Conference to Feature Podcasting Panel. Attendees at this year’s TALKERS 2016 Bridging the Generations conference at Hofstra University on Friday, May 20 will have the opportunity to hear PodcastOne chairman and founder Norm Pattiz moderate “The Podcasting Session.” This panel will feature: Panoply/The Slate Group chief content officer and co-founder Andy Bowers; WOR, New York program director Tom Cuddy; Hubbard Radio SVP of programming Greg Strassell; and Edison Research VP of strategy Tom Webster. This panel discussion will delve into the issues relevant not only to the podcasting platform itself, but also into issues AM/FM broadcasters who are also producing podcasts are dealing with. TALKERS magazine executive editor Kevin Casey says, “Podcasting is obviously a hot topic in the radio industry right now. Talk radio practitioners are eager to learn about the best practices for producing and selling this digital content and this panel discussion, led by industry pioneer Norm Pattiz, will send them home with actionable information on this nascent form of broadcasting.” TALKERS 2016 Bridging the Generations is nearing a sellout. For complete agenda information click here. To register or for sponsorship information, call 413-565-5413.
Emmis Fiscal Q4 Revenue Down 6%. The Indianapolis-based company functions on a fiscal calendar and its 2015 fourth quarter ended on February 29 of this year. Emmis Communications reports its radio net revenue was $36.4 million, down 6%. For the full fiscal year of 2015, radio revenue was $169.2 million, compared to $176.3 million in the prior year, a decrease of 4%. President and CEO Jeff Smulyan states, “Emmis’ fourth quarter was weak, mostly due to expected underperformance in Los Angeles. The good news is our first quarter is much improved and currently pacing flat to the prior year. New York’s performance has been stellar, ratings in LA have begun to grow again, and ratings across our other radio markets are very strong. NextRadio is coming off a fantastic National Association of Broadcasters convention, and momentum is building. At NAB, it was announced that PRSS, the distribution network for public radio, is being integrated into NextRadio. Carrier and handset conversations are robust, and advertiser interest is high. In addition, we will launch in our first international market, Peru, in the coming weeks. I couldn’t be more pleased with the efforts of Paul Brenner and his team in bringing NextRadio to our industry and to listeners everywhere.”
Salem Media Group Broadcast Revenue Rises 4.2%. It was a quarter of increases all the way around for Salem Media Group. Its total revenue increased 4.4%. The broadcast segment saw revenue rise 4.2%. Digital media was up 4.6% and publishing revenue increased 6.5%. CEO Ed Atsinger says the 4.2% broadcast sector increase “compares favorably to the market generally which was up about 1.7% at least in the markets in which we operate according to Miller Kaplan. Our block programming had another solid quarter, up 7.1%, local spot revenue grew 3.6%, network revenue grew by 16.7%. And geographically, we had a strong market performance in Los Angeles, Chicago, Atlanta, while facing some weakness in the Dallas market.”
Radio One Reports First Quarter Revenue Hike of 3.1%. Company president and CEO Alfred Liggins III says the good first quarter news is continuing into the second quarter. For Q1 of 2016, Radio One net revenue was approximately $109.1 million, an increase of 3.1% from the same period in 2015. Station operating income was approximately $39.6 million, an increase of 10.1% from the same period in 2015. Liggins states, “We saw a sequential monthly improvement in our radio revenues as the first quarter progressed, and that positive momentum is continuing into Q2 where we are pacing up low single digits. Political revenues were strong, which augurs well for the fourth quarter when we historically receive the bulk of political radio advertising. TV One had a strong first quarter, with growth in both advertising (+3.5%) and affiliate revenues (+12.3%). All four of our reportable segments posted year-over-year, double-digit adjusted EBITDA growth. Overall I was pleased with our 13% growth in consolidated adjusted EBITDA, the stabilization of our radio revenues, and growth of radio cash flow.”
Saga Communications Net Revenue Up 12.7%. For the radio segment of Saga Communications, the pro forma net operating revenue was up 4.6% on revenue of $27.5 million for the first quarter of the year. The company closed on its purchase of classic rock WLVQ, Columbus during the quarter and had been operating the station under an LMA since last November. Saga reports that free cash flow increased 35.4% to $4.9 million and operating income increased 40.1% to $5.3 million.
Sports Talker John Lund Crosses Street to KNBR, San Francisco. The Bay Area sports talk personality leaves Entercom’s KGMZ “95.7 The Game” to become co-host of the afternoon drive show at Cumulus Media’s KNBR with Tom Tolbert. John Lund co-hosted the midday “Papa & Lund” show with Greg Papa at KGMZ. He’s also worked at KXTG-AM, Portland; KESN-FM, Dallas; WXYT-FM, Detroit; WEAE-AM, Pittsburgh; and KZNS-AM, Salt Lake City. KNBR program director Lee Hammer says, “John brings a wealth of sports knowledge and experience to KNBR. He’s worked in San Francisco for several years, and has keen insights into our Bay Area teams. KNBR fans are in for a real treat when he’s teamed up with Tom Tolbert in afternoon drive. It will definitely be ‘appointment listening.’”
Ramsey, Rich Headlining Radio Show. In a vCreative-sponsored session, financial expert/radio host Dave Ramsey will keynote this year’s Radio Show. Part of his “Cutting Edge Trends in Marketing” address at the confab, produced by the Radio Advertising Bureau and the National Association of Broadcasters, will include a conversation with country music artist John Rich (right) of the duo Big & Rich. According to RAB president and chief executive officer Erica Farber, “We are delighted and honored that Dave Ramsey and John Rich will join us at this year’s conference. These two incredible innovators will share some great ideas. Radio Show attendees will walk away with tremendous takeaways they can then put to use immediately.” NAB executive vice president of radio John David comments, “The power of radio has contributed to the successful careers of both Dave Ramsey and John Rich. We are pleased to present these talented and engaging individuals at the Radio Show.” Ramsey’s daily syndicated eponymous radio program is heard on more than 550 stations, while his “Financial Peace” and “Total Money Makeover” books have sold more than a combined 10 million copies. He was inducted into the NAB Broadcasting Hall of Fame in 2013 and into the National Radio Hall of Fame two years later. The Radio Show will be held in more than four months (9/21 – 23) at Nashville’s Omni Hotel; The Ramsey-Rich session takes place the first day of the conference, Wednesday, September 21.
PodcastOne and MediaDC Launch Two New Podcasts. Two new shows are debuting on the PodcastOne platform. MediaDC, publisher of The Weekly Standard and Washington Examiner, is working with PodcastOne to present “Examining Politics by Washington Examiner” and “Weekly Standard Confab.” Washington Examiner senior congressional correspondent David Drucker hosts “Examining Politics” which will revolve around the publication’s editorial content. It’ll feature Drucker and a roundtable of staff. “The Weekly Standard Confab” is hosted by managing editor Eric Felton, who will be joined by a different guest each segment to talk about topics ranging from politics, policy and international affairs, to arts and culture. PodcastOne chairman and CEO Norm Pattiz says, “There’s just too much going on this election season for PodcastOne not to be part of it. In partnering with MediaDC to produce and distribute podcasts from The Weekly Standard and Washington Examiner, we’ve accomplished our mission.”
Odds & Sods. The USA Radio Networks-syndicated “Trending Today USA” with Rusty Humphries moves to the 12:00 noon to 3:00 pm ET daypart and adds a new affiliate in iHeartMedia’s WGST, Atlanta. Station PD Dan Hunt says, “Rusty has a great history in Atlanta and we are excited to have him back on Talk Radio 640 WGST. ‘Trending Today USA’ provides our listeners with the latest news and information in real time, while bringing a fresh perspective that can’t be duplicated anywhere else in the market.”…..KCSP, Kansas City sports talkers Danny Parkins and Carrington Harrison were disturbed by the Kansas City Chiefs’ decision to draft Tyreek Hill after the football player had pleaded guilty to hitting and choking his pregnant girlfriend. They decided to do something positive about it and started a GoFundMe campaign to raise money for the Rose Brooks Center domestic violence shelter. So far they have raised more than $12,000.
The Presidential Race, Hillary Clinton Email Server Case, Battle Against Islamic State, North Korea Nukes, Russia-NATO Tensions, California Ups Legal Cigarette Purchase Age, and NBA-NHL Playoffs Among Top News/Talk Stories Yesterday (5/4). GOP candidate Donald Trump secures the nomination with a victory in the Indiana primary election; allegations by Romanian hacker Guccifer that he accessed Hillary Clinton’s private email server; the death of a Navy SEAL in Iraq and the ongoing battle against Islamic State; the reported build-up of nuclear weapons by North Korea; Russia’s military posturing and threats against NATO; California becomes the second state to make tobacco purchases legal for those 21 and older; and the NBA and NHL playoffs were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.
WBZ, Boston and WBZ-TV Win Peabody Award for Marathon Bombing Coverage. The CBS-owned television station and all-news radio outlet are being honored with a 2013 George Foster Peabody Award for overall excellence for their combined coverage of the Boston Marathon bombings. The citation from the Peabody Awards states: “Out in force to cover the annual marathon, both WBZ-TV and Newsradio 1030 had a journalistic advantage when the bombs detonated. Neither gave it up as their reporters spent hour after hour on the air providing wide-ranging, enterprising, non-sensational coverage of the casualties, the suspects and the intense, nerve-wracking manhunt. They become crucial sources not just to their city but to a stunned nation.” The awards will be delivered during the ceremony to take place in New York on May 19.
WABC, New York Covers Final Four. As the battle to claim the NCAA Men’s Basketball Championship title continues this weekend, Cumulus Media news/talker WABC, New York covers it from Dallas with Geraldo show regulars Noam Laden and Jared Max sitting in for Geraldo live from radio row on Friday and Monday from 10:00 am to 12:00 noon ET. They will also produce a special wabcradio.com only broadcast slated for Saturday April 5 at 10:00 am ET. WABC also partnered with WestwoodOne for a series of March Madness promotions including the Greatest Moments in Tournament History vignettes and an exclusive fly-away promotion to the Men’s National Championship game. Program director Craig Schwalb says, “Working with WestwoodOne on these opportunities is a huge win for our listeners and clients. Our audience is into the excitement, the personalities, and the stories surrounding the Final Four, and so is 77 WABC!”
‘102.5 The Bone’ Tampa Personality Cowhead to Drop Nickname; Seek Syndication Deal. In a piece in the Tampa Bay Times, WHPT, Tampa afternoon drive personality Mike Calta – who goes by the nickname Cowhead on the radio – says he will give up the sobriquet and begin the next phase of his career using his real name as of April 14. In fact, he’ll host an on-air funeral for the moniker. He tells the paper, “When I started at the ‘Power Pig,’ everybody had those types of names. I was Big Mike for a while but that didn’t really stick. Then they asked me if I ever had any nicknames in high school and I remembered that a few people called me Cowhead and it sort of stuck. The minute I said it I immediately regretted it…I think times change. Even the ‘Power Pig’ changed its name. As times change and you age, it just gets silly.” Calta also tells the Times that his contract with Cox Media is up in June and he’s looking to have a syndication deal be part of negotiations.
CBS Revamps Radio.com. Calling it part of the evolution of CBS Local Digital Media, the company announces the debut of the new Radio.com. The company says in a statement, “Four years ago, we launched our new digital media business, rethinking the way CBS’s radio and television stations operate online and in the mobile space. Since then, we have evolved into the largest digital business in local broadcast media. There are few companies that have the radio, television, digital, out-of-home, and events platforms we do, and as a result we’re able to better leverage our local market properties with national scale. As leaders in integrating digital and traditional media into experiences that resonate with consumers, we take our next step forward in that regard with the debut of the new Radio.com website and streaming player. More than just live audio and video simulcasts of our stations, Radio.com presents original programming, live webcasts, exclusive editorial features and storytelling, and interviews with some of the biggest artists and personalities in the world. Indeed, we have taken a different strategy than others in the industry by recognizing that this ‘other’ content has tremendous value to our audiences. The popularity of our programs has demonstrated our thinking is correct.” Highlights of the new Radio.com include: a fresh look and feel, with improved interactivity; ability to be embedded on other sites; improved ad insertion capabilities; better-quality playback and streaming; program schedules available in real-time; expanded social media opportunities; play history; artist and track information integration; simple song purchase; and enhanced station guide and navigation experience. CBS promises updated mobile apps in the coming months.
Beck’s TheBlaze TV Added to Cable ONE Menu. It’s another cable company addition for Glenn Beck’s TheBlaze TV. His 24/7 news, opinion and entertainment network channel is being added to Cable ONE. A statement from TheBlaze says Cable ONE is America’s 11th largest cable operator. This addition gives the TheBlaze TV “distribution on 54 television providers nationwide including seven of the top 30.” Cable ONE serves customers in 42 markets in 19 states, including Biloxi/Gulfport, Boise, Phoenix/Prescott, and Sioux City, among others. Cable ONE vice president of marketing Joe Falbab says, “We are very excited about adding TheBlaze to the Cable ONE lineup. Our customers have requested this channel and we are happy to be able to respond to that request. We are committed to listening to our customers and will continue to deliver to them the best possible programming.”
Emmis Reports Q4 Revenue Up 11%. Indianapolis-based Emmis Communications Corporation operates on a fiscal year calendar and its fiscal 2014 fourth quarter ended February 28, 2014. The company reports that its Q4 revenue jumped to $32.4 million from $29.1 million a year prior. If you cut out WEPN, New York (which is being operated by ESPN under an LMA), revenue was up 12% for the quarter. For the full year fiscal 2014, net radio revenue hit the $145.4 million mark realizing an increase in net revenue of 5% over 2013. In a press release this morning, the company reports “these results also outperformed Emmis’ local radio markets in which revenue growth improved 3% for the year.” President and CEO Jeff Smulyan comments, “Fiscal 2014 marked the fourth consecutive year we have outperformed our local radio markets and the radio industry as a whole. Our strong operating performance is the result of sound strategy and its execution by a phenomenal workforce that makes me so proud. We are very excited about the addition of WBLS and WLIB in New York and the momentum behind NextRadio as we head into fiscal 2015.”
NAB Radio Board Election Results. The results of the NAB Radio Board election are in and the members who will serve two-year terms beginning in June are: Pete Booker, president and CEO, Delmarva Broadcasting Company; Steven Cutler, EVP business development and corporate strategy, Clear Channel; Gary Exline, general manager, Eagle Communications, Inc.; Kim Guthrie, EVP, Cox Media Group; Erik Hellum, EVP, Townsquare Media; Deon Levingston, SVP/market manager, Emmis Communications; Margaret Perkins, president and CEO, First Natchez Radio Group; Mary Quass, president and CEO, NRG Media, LLC; Joe Schwartz, president and CEO, Cherry Creek Radio; Jose Valle, president, Univision Radio; Thomas Walker, president, Mid-West Family Broadcasting.
Odds & Sods. The WPHT Speaker Series – produced by CBS RADIO news/talk WPHT, Philadelphia – continues this evening (4/3) as station personality Dom Giordano interviews Tea Party leader, former Florida Congressman and veteran Lt. Col. Allen West at Valley Forge Military Academy and College. West is the author of the new book Guardian of the Republic…..Hubbard Radio’s all-news WTOP, Washington is sponsoring its “Click for a Cause” online contest that will give Washington, D.C. non-profits the chance to win cash and free commercial air time on WTOP. There will be three grand prizes of $10,000 each with runners up winning $5,000 worth of commercials to advertise their cause on WTOP…..WELW, Willoughby, Ohio changes its calls and brand. The Spirit Broadcasting-owned station is using the WINT calls and has branded the station “1330 WINTegrity Radio.” Station president Ray Somich says the change comes ahead of a major expansion to take place this summer. The station has served communities to the east of Cleveland for the past 50 years.
Deadly Fort Hood Shooting, ObamaCare Criticism, SCOTUS Campaign Donor Limits Ruling, Mid-Term Elections/2016 Presidential Race, Russian Aggression and House Benghazi Hearing Among Top News/Talk Stories Yesterday (4/2). The shooting at Fort Hood that claimed the lives of four and the preliminary investigation; scrutiny of the rollout of the Affordable Care Act and criticism of the White House “victory” presser; the Supreme Court ruling killing limits on personal campaign donations; speculation about political power shifts after the mid-term elections and the possible candidates for president in 2016; worries over Russia’s plans for Ukraine and other former Soviet bloc nations and President Obama’s tactics versus Vladimir Putin; and the Congressional hearings on the Benghazi incident were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS.
Emmis Reports Fiscal Q4 Results; Smulyan “Significantly Outperformed Our Markets.” Emmis Communications reports the results of its fiscal fourth quarter (which ended February 28, 2013) for 2013 with net revenue up 2%. Chairman and CEO Jeff Smulyan stated up front during the investor’s conference call, “I could not be more proud of what happened last year and I could not be more proud of what’s happening now. Because of our unique reporting structure, we have a pretty good handle on what the first quarter of our next fiscal year will look like and we’re equally pleased with that. I think it was a transformative year for Emmis for a couple of reasons. I think we solved this industry’s most vexing problems with capital structure and we did it because we have a unique culture here and a culture that I think stands out and I think people are starting to understand that their culture makes a difference.” Chief financial officer and COO Pat Walsh broke down the financials a bit, stating, “Pro forma for our station divestitures, radio net revenues consisting solely of our domestic stations grew 3%. Revenues in markets where Emmis competes, excluding barter revenues, grew 2.8% during the quarter. Emmis’ pro forma radio revenues reported on the same basis to Miller Kaplan grew 4.2%…automotive was once again our largest category, representing 11% of revenues, with the category growing nearly 20% as U.S. auto sales continued to accelerate. Wireless and financial services also exhibited strong growth at approximately 20%. Education and media also showed high mid-single-digit growth, high – mid to high single-digit growth. Other top ten categories such as restaurants, entertainment, healthcare and retail showed flattish growth with beverages off during the quarter.” During Q&A, Smulyan answered a question about whether IP-based services are sapping AM/FM audience. Smulyan responded, “We’ve been streaming like most of our brethren for almost 17 years and we haven’t cracked the code. We know Pandora hasn’t cracked the code. We know TuneIn hasn’t cracked the code or Spotify, so we know that that’s a challenge. I have one friend in the industry who says, let’s be honest. When we take a terrestrial listener at a 35% or 40% margin and we can convert that same listener to an IP-based stream, that listener goes from a 30% or 40% margin to zero.” Thanks to Seeking Alpha for the transcript. Read the entire call here.
Entercom Reports Revenue Down 2% in Q1. Entercom announces financials for the first quarter of 2013 and reports net revenue down 2% on $78.4 million. Station operating income was flat at $20.5 million and free cash flow increased from $1.2 million to $3.9 million. Entercom CEO David Field noted the drop in net revenue was offset by a 3% decline in station expenses. Regarding sales during the first quarter, Field said, “Local and national revenues were essentially the same with both down low-single digits. Our best-performing markets were Indianapolis, Kansas City, Memphis and New Orleans. Top-performing categories were financials, travel, telecom, home improvement and drugstores.” Looking at the company’s status in general, Field stated, “It is important to reiterate that our efforts to pursue smart ways to reinvent our business model have not come at the expense of reinvesting in our future. To the contrary, we continue to boost our investment in new brands and content, expanded distribution, better operating systems and enhanced digital platforms to strengthen our value proposition to our listeners and customers and create new revenue opportunities. And we are very pleased with the state of our brands. We had a very solid set of winter ratings results and like how we are positioned in our markets across the country.” Again, thanks to Seeking Alpha for the transcript. You can read the entire conference call here.
Arbitron Releases ‘Radio Today 2013’ Study to Clients; News/Talk #1 PPM Format. The full study is only available to Arbitron clients but here are some of the takeaways from “Radio Today 2013”: “News/Talk/Information and Talk/Personality remained the number one format in PPM markets and was number two in the rest of the U.S. The 2,121 rated AM, FM, HD Radio, and streamed stations in these formats far exceed any other format. Like other spoken word formats, they rank prominently in highly educated, high-income listeners.” And relative to TALKERS magazine’s analysis of the shared audience between news/talk and country in Jeff McKay’s piece above, the Arbitron report notes that “country and new country, already number one in our report last year, grew again to remain in first place and reach another record audience share. The format benefited most from an influx of listeners aged 18-24 and is even number two among teen listeners nationally.”
Odds & Sods. Journal Broadcast Group’s WTMJ, Milwaukee (along with its sister TV station with the same calls) was honored at this past weekend’s Wisconsin Broadcasters Association annual “Awards Gala” for broadcast excellence. WTMJ won radio news station of the year and radio station of the year. The station also won nine other awards including best radio show for “Midday with Charlie Sykes.”…..Andrew Marcus, director of the new film “Hating Breitbart,” which explores the life and impact of the late media guru Andrew Breitbart, will debate Wade Rathke, the founding organizer of the Association of Community Organizations for Reform Now (ACORN) on Rathke’s radio show. The show will air on May 17 at 10:00 am ET on KABF-FM, Little Rock, Arkansas, where ACORN was founded…..Entertainment Weekly editor Jess Cagle will moderate a Town Hall special on SiriusXM with film star Hugh Jackman on May 28 at 7:00 pm ET. Entertainment Weekly operates its own channel on the satellite radio service.
Radio America’s Dr. Joy Browne Program Adds 10 Affiliate Stations. The nationally syndicated Dr. Joy Browne program – now distributed by Radio America – picks up 10 new affiliate stations for the longest-running radio show of its kind. New to the program are: WWRL, New York; WSNO, Montpelier-Barre-St. Johnsbury, Vermont; KHGG, Ft. Smith, Arkansas; WNIX, Greenville, Mississippi; KWBW, Hutchinson, Kansas; WIMS, Michigan City, Indiana; WFEB, Sylacauga, Alabama; and KVPI, Ville Platte, Louisiana.
Internet Talk Station, LA Talk Radio, Continues to Grow – Adds Maria Sanchez to Daily Line Up. Veteran talk radio host Maria Sanchez is now part of the growing LA Talk Radio team as the host of her own daily live radio program, “The Maria Sanchez Show.” The show covers current events, newsmakers and lifestyles. As a woman, a mother, and a Hispanic, Maria is being presented by LA Talk Radio as having “a unique perspective that is not represented in most of radio.” A 20+ year career in radio, she developed her skills in the medium as a talk radio talent at KFI, Los Angeles, a weekend host and substitute host for such personalities as Bill Handel, John & Ken, and Phil Hendrie. “I am thrilled to be back behind the mic and to be working with LA Talk Radio! The ability to be relevant, topical, and without commercial interruption is a fabulous opportunity to really explore topics and guests” says Maria. Sam Hasson, owner of LA Talk Radio, tells TALKERS, “We look forward to a long and storied relationship with Maria, a true pro in the radio industry.”
24th Annual Imus Radiothon Airs on WABC, New York Next Week. WABC, New York-based Don Imus will broadcast the 24th annual “Imus Radiothon for the Imus Cattle Ranch for Kids with Cancer” next Tuesday and Wednesday, May 14 and 15. The radiothon will also be broadcast to Imus show affiliates and be seen on Fox Business Network from 6:00 am to 10:00 am ET.
The Georgia Radio Hall of Fame Announces Candidates for Career Achievement Awards. The Georgia Radio Hall of Fame announces the Career Achievement candidates. Members will cast their votes in July and eight Georgia radio professionals selected will be announced in October. The 7th Annual Induction Awards Ceremony will be held Saturday October 19, 2013 at the Atlanta/Marietta Hilton Hotel and Conference Center. The 2013 candidates (some positions are former) are: Harry Beadle, newsman at WGST, Atlanta; Tom and Paul Collins, The “Tiger Twins” on WQXI, Atlanta; Bill Edwards, host of “Good Morning Savannah” on WTKS, Savannah; Robert “Flash” Gordon, morning host on WKZK, Augusta; Steve Goss, host of “Morning Edition” on WABE, Atlanta; Charlie Hill, announcer at WCEH, Hawkinsville; Kaedy Kiley, morning host on WRVR, Atlanta; Greg McClure, program director at WFOM, Marietta; Kelly McCoy, afternoon host on WSB-FM, Atlanta; Nelle Reagan, host of “Talk of the Town” on WRGA, Rome; Bill Rice, host of “Soul Session” on WLET, Toccoa; Mike Roberts, owner WQMJ, Macon; Deborah Richards, news director, WKHX, Atlanta; and Mark Summers, mornings at WBBQ, Augusta.