Tag: Frank Morano

Front Page News Industry News

Wednesday, February 23, 2022

By Editor | by Editor

iHeartMedia 2021 Fourth Quarter Revenue Up 14%. Reporting its financial results from the fourth quarter of 2021 and the year as a whole, iHeartMedia, Inc. says Q4 revenue was $1.06 billion, up 14% over the same period in 2020. Reporting by segment, iHeartMedia says its Digital Audio Group revenue was $273.2 million, up 59% over Q4 in 2020; Podcast Revenue was $96.6 million, an increase of 130% year over year; and Broadcast Radio revenue was $519.1 million, up 4.9%. Net income for Q4 of 2021 was $112 million compared to net income of $2.9 million in Q4 of 2020. For the whole of 2021, the company reports a net loss of $8.4 million compared to the net loss of $1.9 billion reported for all of 2020. iHeartMedia chairman and CEO Bob Pittman states, “We are pleased to report another strong quarter and to wrap up a very strong year, further evidence of our momentum and the continuing digital transformation of iHeartMedia into a data-led, digital business with important new platforms like podcasting built on the unparalleled scale and audience reach of our broadcast radio assets. We believe that this strong performance in Q4 and full year positions us well for continued growth in 2022.”

 

Audacy Q4 2021 Revenue Climbs 8%. The company reveals that net revenue for the fourth quarter of 2021 was $344.7 million, an increase of 8% over the same period in 2020, led by double digit growth in both digital and spot radio. Audacy reports that core spot revenue (local plus national excluding political) was $218.4 million, up 10% compared to the fourth quarter of 2020 while digital revenue was $68.1 million, up 16% year over year. Operating income for the quarter was $48.1 million, compared to an operating loss of $204.8 million in the fourth quarter of 2020. Audacy reports Q4 2021 net income of $21.4 million compared to the net loss of $162.3 million reported in Q4 2020. For the whole of 2021, Audacy reports a net loss of $3.6 million compared to the net loss of $242.2 million reported for all of 2020. President and CEO David J. Field states, “In 2021, we accelerated our organizational development through a number of important strategic acquisitions, organic growth initiatives, structural improvements, and content and senior talent additions. This was also the year in which we rebranded the company to reflect our evolution into a leading, multi-platform audio content and entertainment company with scaled audience reach and important leadership positions across the full spectrum of the dynamic, growing audio market. Our 2021 acquisitions of Podcorn and AmperWave, plus BetQL just prior to the start of the year, are important additions to our capabilities that will fuel accelerated growth and enhance how we serve our listeners and customers. Audacy today is well positioned to capitalize on the exciting growth opportunities within audio at the same time as we anticipate the continuing recovery of radio ad spending. We are off to a very good start to 2022 and our team is excited about the year ahead.”

 

Live From Donetsk. The Russia-Ukraine crisis has escalated to the major news/talk radio topic on the table triggering a scramble for hosts to sort out the facts from the fiction as a variety of perspectives – some quite controversial – are being aired out in the national conversation. WABC, New York all-night host Frank Morano provided the listeners of his program “The Other Side of Midnight” with something to think about early Monday morning (2/21) in terms of the “other side” of the story.  He conducted a long-distance, live phone interview with a man named Russell Bentley, an American expat and avowed communist who has lived in Donetsk for eight years after moving there to fight, alongside the separatists, against the Ukrainian government. Morano tells TALKERS, “I think Bentley did a good job not only describing what’s happening there with Russian troops being on the ground, but also explaining the mentality of how people there feel. I think it’s so unique compared to what folks are doing with this in talk radio. Russia’s recognition of Donetsk People’s Republic and Luhansk People’s Republic has drawn global condemnation, with the U.S. and several European countries agreeing to move quickly to respond with economic penalties. This was truly something different.” To listen to the entire interview, please click here.

 

Round One of January PPMs Released. The first of four rounds of ratings information from Nielsen Audio’s January 2022 PPM survey is released for 12 markets including: New York, Los Angeles, Chicago, San Francisco, Dallas, Houston, Atlanta, Philadelphia, Nassau-Suffolk (Long Island), Riverside-San Bernardino-Ontario, San Jose, and Middlesex-Somerset-Union (New Jersey). Nielsen’s January 2022 sweep covered January 6 – February 2. Today, TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways from this group of markets. In New York City, iHeartMedia’s news/talk WOR rose seven-tenths to a 2.8 share (weekly, 6+ AQH share) to finish ranked #13 while Red Apple Media’s crosstown news/talk WABC-AM/WLIR-FM also rose seven-tenths to finish with a 3.0 share good for the #12 rank in the market. Audacy’s all-news WBBM-AM/WFCS-FM, Chicago is back in the #1 spot after adding a full share for a 5.7 share finish. Across town at Nexstar’s news/talk WGN-AM, a 1.7 share increase gives the station a 5.2 share finish good for the #4 rank in the market. After a series of declines, Cox Media Group’s news/talk WSB-AM/WSBB-FM, Atlanta tacks on 1.1 shares for a 6.9 share finish that pushes it up to the #3 rank. See Mike Kinosian’s complete Ratings Takeaways from this group of markets here.

 

 

WOR-AM, New York Turns 100. Pictured above is the staff of iHeartMedia’s news/talk WOR-AM, New York celebrating the station’s 100th anniversary on the air. It was on February 22, 1922 that the station first went on air and the celebration included on-air reminiscences from past WOR personalities including: John R. Gambling, George Meade, Joan Hamburg, Shelly Strickler, Bill Korbel, and Daria Dolan. Above are (from l-r): assistant program director Scott Lakefield, creative services director Howard Hoffman; morning co-host Len Berman, morning show executive producer Natalie Vacca, morning co-host Michael Riedel, midday host Mark Simone, and program director Tom Cuddy.

 

 

Clay Travis & Buck Sexton Broadcast from Mar-a-Lago. The Premiere Networks nationally syndicated talk program “The Clay Travis & Buck Sexton Show” did a live remote broadcast from The Mar-a-Lago Club resort in Palm Beach on Tuesday (2/22) during which former President Donald Trump joined the program for a full hour to talk about subjects including the current crisis in Ukraine, COVID mandates, Democratic contenders in 2024, the Canadian Trucker protests, his future political goals and more. Trump also complimented the duo on the success of their show, saying “Congratulations. You’re knocking it dead. And that’s good. Rush would be proud of you.”

 

Michael Harrison Discusses the Concept of the “Media Station” on New Podcast. TALKERS founder Michael Harrison presents a detailed explanation of the emerging concept he calls the “media station” in the debut installment of a new podcast titled, “Masters In Media,” hosted by Mark Goldman and Ryan McCormick of the firm, Goldman/McCormick Public Relations. Harrison explains the impact multimedia cross-platform branding is having on 20th century analog entities such as radio stations, TV stations, newspapers, magazines, movie theaters and record companies. He states, “All these different entities operated within their own lanes and were quite isolated from each other in terms of their mother platforms. Now there is no solitary mother platform for any media organization and companies cannot put all their ‘eggs in one basket.’ Today’s radio station is actually a media station. So are today’s newspapers and the like. They are all in the business of producing and distributing audio, video, graphics, text, information and entertainment.” Harrison also discusses what it takes to make it these days as a radio talk show host. Don’t miss this! To listen to the podcast in its entirety, please click here.

 

TALKERS News Notes. Radio syndication pro Adam Wilbur is promoted to SVP of affilaites sales & operations at Compass Media Networks. Wilbur continues to be based out of the company’s Los Angeles office and continues to spearhead the company’s affiliate sales, affiliate marketing, affiliate technical operations, and select content relationships. He says, “This 13-year journey has been an incredible ride. Thank you to all the hosts, producers, colleagues, affiliates and potential affiliates that make each day unique and unpredictable. I love it.”…..CNN Audio expands its podcast programming with the upcoming debut of “Diversifying” on February 28. Fostering insightful discussions about how the financial system can work for us, instead of against us, host Delyanne Barros creates a welcome space for people of color, women, single households, and others who have traditionally been left out of conversations around personal finance. Throughout the series, Barros speaks with real people, as well as with money experts, who are faced with the challenge of balancing cultural expectations with their own financial needs. Whether that’s struggling to negotiate pay as a woman of color, or supporting one’s parents as they enter retirement, “Diversifying” offers listeners actionable steps toward better financial health, all while validating struggles with money, no matter what the starting point.

 

Ukraine Tensions, COVID-19, SCOTUS Trump Ruling, Midterm Elections/Trump & the GOP, Arbery Verdict/Floyd Case, Inflation/The Economy, and Winter Weather Among Top News/Talk Stories Yesterday (2/22). The Western condemnation of Vladimir Putin’s Ukraine incursion after his recognition of separatist provinces; the slowing rate of COVID-19 cases in the U.S., Canada’s prosecution of trucker protesters, and threats of a trucker protest in Washington, DC; the Supreme Court rules against Donald Trump in his bid to keep his records from the January 6 committee; November’s midterm elections and Donald Trump’s influence over the GOP; the jury deliberates in the federal hate crime trial of the three men found guilty if killing Ahmaud Arbery; the soaring rate of inflation and the sliding financial markets; and the frigid winter weather affecting much of the U.S. were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Front Page News Industry News

Friday, January 14, 2022

By Editor | by Editor

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, “Mandate Shmandate,” looks back at this past week of 1/10 to 1/14. The program features guests (in order of appearance): Kevin Casey, executive editor, TALKERS; Dan Mandis, talk show host/PD, Supertalk 99.7 WTN, Nashville; Derek Hunter, talk show host, WCBM, Baltimore/USA Radio Network; Lynn Woolley, talk show host, KJCE, Austin; Dom Giordano, talk show host, WPHT, Philadelphia; Frank Morano, talk show host, WABC, New York; and Victoria Jones, executive director, DC Radio Company. The show airs each weekend on WONK-FM, Washington, DC; 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; 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.

Glenn Beck Battling Second COVID-19 Infection. During an appearance on Mark Levin’s Westwood One syndicated radio show, Premiere Networks talk radio star Glenn Beck revealed he has COVID-19 for the second time. Numerous news outlets picked up on the story, including Newsweek. Beck told Levin that his whole family had COVID in December of 2020 so they didn’t get vaccinated. He said he’s taking ivermectin and despite his second infection, feels great. “I am great, Mark. I am great…despite having COVID and seeing the destruction of our country, I’m great. I mean, I’ve been doing my show…It’s a lighter case but it’s now starting to go into my lungs today, a little disturbing. But I’m on all the medications and treatments and everything else, so we’ll see.” He also said he’s not taking monoclonal antibodies because they don’t “seem to be working for the new strain. But I’m on ivermectin, hydroxychloroquine—what is it, Fluvoxin? I’m on a bunch of different…I mean, my doctors are hitting it really hard.” He told Levin that he’s been battling COVID for about a week but is not concerned about the virus reaching his lungs. “Everybody’s getting sick because it’s very contagious but it’s not nearly as deadly. I’m a fatty fat fatso, so you know, that’s probably not the best thing…And I’ve got some other issues, but that’s just the way it is. We have got to move on with our lives.”

2021 Social Impact Report Reveals ‘Audacy Serves’ Achievements. The company releases its 2021 Social Impact Report that spotlights key achievements from its ongoing companywide Audacy Serves initiative. The report encompasses Audacy’s commitment to several pillars of impact: diversity, equity and inclusion, mental health, civic education, the environment, children’s health, and veterans and service members. Some of the achievements the company highlights include, in the Diversity, Equity & Inclusion category, the arrival of eight new fellows – recent graduates from historically underrepresented communities within the industry have joined the team in a variety of sales, marketing and content roles. Yearlong fellowship experiences include curated on-the-job learning and growth opportunities; in the Mental Health category the company produced its 5th annual “I’m Listening” broadcast with influential names like Doja Cat, Luke Combs and Demi Lovato, who shared their personal struggles with mental health. The event helped Audacy connect with more than 200 million people and raise more than $800,000 for the American Foundation for Suicide Prevention; in the Civic Education category, Audacy’s “Engaged Impressions” study found that 71% of weekly radio listeners tune in because they feel the content is relevant to their community. Audacy says research like this indicates that listeners continue to trust local media. Audacy further invested in its news business, adding over 50 journalists in eight of its newsrooms across the country in an effort to meet that demand for trusted quality content. Audacy VP of social impact Sarah Harris comments, “This report reflects our unwavering commitment to putting our values in action and our passion to use our collective voice for good within each of our pillars of impact. We are thrilled to share these significant results and moving stories of real human connection unfolding in our communities across the country.” You can see the complete report here.

Three New Shows Added to BetQL Network. Beginning this Sunday (1/16), three new shows will debut across Audacy’s BetQL Network. “BetQL 5 Star Weekend,” (8:00 am – 10:00 am ET) is hosted by KDKA-FM, Pittsburgh host Chris Mack and CBS Sports Radio’s Damon Amendolara and uses BetQL’s star rating system to preview all of the best bets for the day and the week ahead. “Sunday’s Bets,” (12:00 pm – 4:00 pm ET) is hosted by WTEM-AM, Washington morning show host Travis Thomas and BetQL Network hosts Quinton Mayo and Michael Jenkins and keeps listeners up to date with all of the best action from a busy day in sports. “BetNation,” (4:00 pm – 8:00 pm ET) is hosted by CBS Sports Radio’s Shaun Morash and Audacy’s alternative national evening host Kevan Kenney as they take the pulse of the nation from a sports betting perspective. Audacy VP of sports Matt Volk comments, “As football season turns the corner for the home stretch, we’re pleased to introduce three dynamic Sunday shows to help bettors get ready for all the action across the sports world. These three programs will continue to put fans in position to win on Sundays, no matter the season.” Announced at the same time is news that BetQL writer Lucy Burdge will join “Back to the Futures” and co-host alongside Brandon Sprague, Sunday nights from 8:00 pm to 9:00 pm ET.

TALKERS News Notes. The Little Rock stations owned by Cumulus Media report that their December 10 “Festival of Stars Toy and Donation Drive and Radiothon” raised $363,249 for Arkansas Children’s Hospital and Arkansas Children’s Northwest, the state’s local Children’s Miracle Network Hospitals. The stations, including news/talk KARN-FM “News Radio 1029,” broadcast for 12 hours to encourage donations. The annual event has raised more than $3.6 million over the past 17 years…..The pro football playoffs begin this weekend and Cumulus Media’s Westwood One is presenting play-by-play coverage from all six games of the NFL Super Wild Card Playoffs. Scott Graham will host the pregame/halftime/postgame shows for the Saturday and Sunday games. Rich Eisen will be the studio host for the Monday night playoff game…..Beginning this Monday (1/17), Field of 68’s nightly college basketball show, “The Field of 68 AFTER DARK,” will air on SiriusXM’s ESPNU Radio channel. The show, currently broadcast on the network’s YouTube and social channels, is broadcast live nightly from 11:00 pm until 12:00 midnight ET and features a rotating cast of prominent sports figures. The lineup of rotating voices will include stadium insider Jeff Goodman, former college stars Robbie Hummel, Randolph Childress, Ashton Gibbs and Terrence Oglesby, as well as veteran coaches Sean Miller, Archie Miller and Steve Prohm. Field of 68 founder Rob Dauster says, “There’s a major void right now in this space with regard to college basketball. This will give diehard college basketball fans somewhere to go each night from the start of the season through the national title game to not only be informed, but also entertained.”…..iHeartRadio announces the launch of “Welcome to Our Show,” a “New Girl” rewatch podcast hosted by show stars Zooey Deschanel, Hannah Simone, and Lamorne Morris. Together, the trio will rewatch the Emmy-nominated series to reveal never-before-told stories, their favorite memories from creating the show, and divulge moments and scenes left on the cutting room floor. The first episode of “Welcome to Our Show” drops on January 24.

COVID-19 Omicron Variant, Vaccines, Masks, Mandates and School Closings Top News/Talk Story for Week of January 10-14. The fast-spreading Omicron variant, vaccine and mask mandates and battles over school policies combined as the most-talked-about story on news/talk radio this week, landing atop the Talkers TenTM. At #2 this week was the economy, soaring inflation and the ongoing supply chain and labor shortage issues, followed by the January 6 Investigation and the 2022 midterm elections tied at #3. 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.