Tag: "free cash flow"

Wednesday, February 10, 2021

| February 10, 2021

Beasley Broadcast Group’s Q4 2020 Net Revenue Declines 5.1%. Reporting on the fourth quarter and the full year of 2020, Beasley Broadcast Group – parent company of Beasley Media Group – reports net revenue of $68.5 million for the fourth quarter, a decline of 5.1% over the same period in 2019. For the full year, net revenue was $206.1 million, a decrease of 23.7% from the $261.6 million reported in 2019. There was positive news from the fourth quarter as operating income rose 54% to $19.6 million and station operating income increased 25.2% to $20.1 million. However, for the full year of 2020, the company posted an operating loss of $4.3 million and station operating income declined 86% to $24 million. Beasley CEO Caroline Beasley states, “Beasley’s 2020 fourth quarter financial results reflect the ongoing recovery of our business and solid execution by our teams in generating sequential quarter-over-quarter revenue growth that exceeded the high-end of the preliminary range we announced in January. During the quarter, we continued to navigate the ongoing pandemic-related challenges exceptionally well. The meaningful actions we have taken over the past nine-months, including reducing station operating expenses and negotiating discounts with service providers and partners, resulted in 28.8% year-over-year growth in SOI and improved SOI margin as well as a 62.4% increase in station operating income less corporate expenses. In addition, despite the pandemic and restrictions in certain markets, we generated fourth quarter free cash flow of $16.8 million, inclusive of the $4.6 million net gain from dispositions, which compares very favorably to the $20.7 million of free cash flow in the year ago period which benefited from $21.8 million in dispositions. Record fourth quarter net political revenue of $10.2 million, combined with the resumption of advertising in key categories, drove year-over-year revenue increases in six of our station clusters. Excluding political revenue, Beasley continued to generate sequential month-over-month revenue growth, with October up 8.3% over September and November up 2.0% over October, while December paced slightly behind November due to a tightening of COVID-19 restrictions in certain markets. Notably, our continued emphasis on strong local content drove best-in-industry ratings performance for our station clusters in the fourth quarter, according to Nielsen, and our cumulative on-air audience share has grown consistently since March.”

TALKERS and Industry Mourn the Passing of Marcia Daly. Longtime TALKERS executive art director and advertising coordinator Marcia Daly, 67, unexpectedly passed away on Thursday, February 4 at her home in Westfield, MA. One of the original members of the TALKERS staff since its launch in 1990, she was a key component of both the company’s management and production teams and a beloved friend and colleague to countless professionals in the broadcasting industry across America. In that capacity, she worked closely with some of the biggest names in the talk show industry on their art, logos and advertising campaigns and was widely respected for her tremendous talent and reputation for kindness. In announcing the sad news, TALKERS publisher Michael Harrison said, “Marcia Daly was an invaluable component in the rise and ongoing success of TALKERS for the past 31 years serving as an ever-dependable teammate and friend to those of us fortunate to have had her in our lives. In addition to being an extremely accomplished and talented artist, she was known far and wide for having a heart of gold and being one of the kindest and most generous people one could ever hope to know. All of us at TALKERS are stunned by this terribly sad news and pray for Marcia’s family and friends.” She is survived by her husband of 44 years, Joseph Daly. Born in Springfield, MA to Donald Van der Wolk and Betty (Moynihan) Van der Wolk, she leaves behind children, Kathleen Daly of Westfield, MA and John Daly of Medford, MA. A dedicated member of Blessed Sacrament Church, in Westfield, MA, Marcia Daly actively volunteered with the Soup Kitchen and Take & Eat. A cat lover, gourmet cook and baker, and a huge fan of crime dramas, she made friends everywhere she went and had a positive impact on everyone she met. A funeral mass will be held on Friday, February 12, 2021 at 11:00 am ET in Our Lady of the Blessed Sacrament Church, 127 Holyoke Road, Westfield.  It can be virtually attended via livestream at https://my.gather.app/remember/marcia-daly. In lieu of flowers, donations in Marcia Daly’s honor may be made to The Sisters of St Joseph, 577 Carew Street, Springfield, MA 01104.

Entercom and TEGNA Strike Deal for Locked On Podcast Network. This new content agreement between Entercom and TEGNA – which recently acquired the local sports podcast network Locked On Podcast Network – puts Locked On’s extensive lineup of professional and collegiate sports podcasts featuring analysis from local experts, writers, reporters, and insiders, on Entercom’s RADIO.COM platform. The deal also calls for the development of new content, including co-produced and co-branded podcasts, a daily sports news podcast featuring hosts from leading RADIO.COM sports stations and local experts from Locked On, and two weekly one-hour programs, produced by Locked On, available on Entercom radio stations and RADIO.COM. Entercom chief digital officer J.D. Crowley says, “We’re aggressively leveraging the value of our national dominance in sports programming and content in audio, digital and sports betting platforms and our agreement with Locked On reflects continued progress on this front. As the number one creator of live, original local audio content, we’re excited to add Locked On’s collection of top-rated podcasts to our portfolio, welcome their eight million monthly listeners nationwide to the RADIO.COM platform and make their inventory available to our advertising partners.” The first podcast co-produced under the partnership will be “Locked On Today,” hosted by “Locked On Packers” host Peter Bukowski. The program will be “a fast-paced take on the biggest sports stories of the day, going beyond the scoreboard and behind the scenes for insight and perspective from the local experts of the Locked On Podcast Network and Entercom sports radio stations.”

iHeartMedia Unveils iHeart 3D Audio for Podcasts. A new slate of podcasts from iHeartMedia will be released using the binaural or 3D audio technology the company is calling iHeart 3D Audio that “places listeners into the middle of an audio soundscape, immersing them in the story like never before.”  The company says 3D audio “creates a sense of movement, location and triggers other senses, enhancing listening experiences and providing a new way for people to hear high quality, surround sound, immersive content, and reproducing real-life experiences, much like virtual reality has done for video, right in their own homes.” iHeartPodcast Network president Conal Byrne says, “Podcasting has undoubtedly stepped in as one of this year’s most relied upon forms of entertainment. We’ve seen a huge spike in listenership and iHeart wants to ensure we’re meeting this growing audience in new, innovative ways. This is virtual reality for the ears, and by expanding our 3D audio offerings, our goal is to place fans at the center of the stories they love – in an even more immersive, innovative format.” iHeartMedia will launch a new slate of podcasts that is underpinned by the unique recording technology.

Moore and Squire Promoted at iHeartMedia Philadelphia. Two executives at iHeartMedia’s Philadelphia station group are promoted. Jeff Moore is named market president, rising from his previous post as senior vice president of sales, and Chris Squire is elevated to the SVP of sales position. Moore says, “I am thrilled to have the opportunity to lead this great team of successful sales and programming professionals in Philadelphia while representing some of the most iconic brands. My mission is to continue to build a winning culture that attracts the best talent and has a positive impact on our employees, brands and the community we serve.”

TALKERS News Notes. Based on data from the Podcast Consumer Tracker, Edison Research releases its first chart of the U.S. top 50 podcasts of 2020. In the top five positions are: 1) The Joe Rogan Experience 2) The Daily 3) Crime Junkie 4) This American Life and 5) My Favorite Murder. You can see the complete list here…..LiveXLive Media, owner of PodcastOneSlacker Radio, and React Presents, announces today’s release of “Valentine’s Day In Hell.” The six part musical-horror-comedy podcast marks the first production of the recently announced joint venture with LiveXLive and Audio Up Media. “Valentine’s Day In Hell” features some of today’s hottest recording artists, top social influencers, and media personalities in starring roles. Those starring in the podcast include iann diorjxdnOliver Treephem, and recent Billboard 21 Under 21 artist, Carlie Hanson – with Adam Carolla playing the devil.….Cumulus Media’s Westwood One announces the weekly podcast, “Brown Ambition,” to the Westwood One Podcast Network. Hosted by Mandi Woodruff and Tiffany Aliche, the program offers “life-changing financial advice and resources for women and other communities that have been excluded from the essential financial conversations necessary to thrive. Business Insider named ‘Brown Ambition’ one of ‘the best personal finance podcasts of 2021.’” Woodruff says, “When we started ‘Brown Ambition’ more than five years ago, we knew we wanted to create a unique space for women of color to feel empowered to build wealth and take charge of their careers unapologetically. I’m so proud of the organic growth we have achieved with the show thanks to the loyal listeners who have made us part of their weekly routine all these years.”…..The “Under the Hood” car talk show, hosted by Shannon Nordstrom, Russ Evans, and Chris Carter, moves into new studios. The program says that “this expansive project features all-new, state-of-the-art equipment throughout, including HD streaming video with an automatic switching system.” The show is also broadcast live in its home market on KELO-AM, Sioux Falls, South Dakota with the syndicated version of the radio show airing on more than 240 stations.

Impeachment Hearing, COVID-19 Stats & Vaccines, WHO’s China Investigation, Deadly Minnesota Clinic Shooting, and Supremes Singer Mary Wilson Dies Among Top News/Talk Stories Yesterday (2/9). The opening day of the impeachment case against Donald Trump; the number of COVID-19 cases and deaths in the U.S. and the rollout of vaccines; the World Health Organization reports its investigation into the origin of the coronavirus was likely not the result of a lab breach; a Minnesota man kills one and injures five at a health clinic in Minnesota; and Supremes singer Mary Wilson dies at 76 were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Wednesday, May 6, 2020

| May 6, 2020

Chris Oliviero Returns to Entercom as SVP/Market Manager for New York. It’s been almost two years since Chris Oliviero left his EVP of programming role with Entercom. On June 1, he returns to the company’s New York offices as senior vice president and market manager for the station group that includes all-news WINS-AM and WCBS-AM, sports talk WFAN-AM/FM, and alternative WNYL “ALT 92.3,” classic hits WCBS-FM, and country WNSH-FM. He assumes the role previously held by Susan Larkin, who was promoted to company chief operating officer. Larkin says, “Chris is an exceptional leader with proven success developing talent, growing many of our leading brands, and building a thriving culture. We’re thrilled to welcome him back to take the helm of his hometown where his energy, passion and drive will help further raise the bar of excellence in the top media market in the country.” Oliviero originally transitioned to Entercom as the company acquired the CBS RADIO properties.  He worked for CBS for 22 years and was a senior manager for CBS for years. He comments, “Radio in New York is an incredibly special place, so to have the chance to return to a collection of the most iconic and influential brands on the dial is humbling. Our stations are in many ways the soundtrack of the city. I am confident that along with all my Entercom New York colleagues we will add to this legacy. I can’t wait to reconnect with so many old friends and of course meet new ones as well.”

Sandhill Media to Launch New Talk Station in Idaho Falls; Neal Larson and Julie Mason Recruited for Mornings. There’s no exact launch date set for the new format but Sandhill Media Group says it will move its CHR format off KAOX-FM, Idaho Falls and install the new “Newstalk 107.9 FM” format with market morning duo Neal Larson and Julie Mason as hosts of the AM drive show. Larson and Mason left their positions with Rich Broadcasting’s crosstown news/talk KID last month.  The station plans to air Westwood One’s Mark Levin program as well as other national programs.  Neal Larson is also serving as program director for the station.  He says, “We’re thrilled at the opportunity to not just continue doing what we love to do, but also join the great and talented team at Sandhill and build something from the ground up. It is a unique opportunity at a truly unique time in our community, state, and country. We can’t wait to unveil to the whole region what we’re putting together.”  Mason adds, “While being part of a brand-new station is an incredible opportunity, what we really love is what happens after – building a community of informed and loyal listeners on one side, and also watching that audience create huge value for our advertisers on the other.”  Station OM Will Kezele, says, “We have a fantastic core of music stations here at Sandhill, but the one piece we’ve been missing is a news/talk station. This is our moment to fill that void and create something that will be a valuable part of east Idaho for many years to come.” Sandhill will move the CHR format to KAOX-HD2/K286BU at 105.1 FM.

Kim Guthrie to Leave Cox Media Group President and CEO Post. This change comes as a surprise to industry watchers and one has to wonder what caused Cox Media Group president and CEO Kim Guthrie to decide to “move on from the organization after a 22-plus year career with the company.” In a press release, CMG says executive chairman Steve Pruett will serve as interim CEO until a permanent CEO is named. He says, “On behalf of the board of directors, we would like to thank Kim for her decades of service to Cox Media Group and her leadership during the company’s transition to new ownership. She has been instrumental in positioning CMG for future success as an industry-leading media company.” Guthrie, who will work with Pruett on an orderly transition, comments, “We have built a strong foundation for future growth, including an exceptional senior management team, a successful carveout from Cox Enterprises, and deep, long-term relationships with our communities, customers and partners. I have full confidence in this great team at CMG and I look forward to watching CMG’s future achievements.”

Saga Communications Reports Q1 Financials; Net Revenue Dips 6.5%. The first broadcasting company to report its first quarter 2020 financial data is Saga Communications, Inc and its report comes with a huge caveat – this report doesn’t reflect the hit the company has taken from April 1 to now.  Saga states net income increased to $1.7 million from $1.4 million in the first quarter of 2019, an increase of 20.3%.  However, net revenue was $26.1 million for the quarter, a decrease of 6.5% from Q1 2019 in which net revenue was $27.8 million. Free cash flow was $1.5 million for the quarter ended March 31, 2020 compared to $2.6 million for the same period last year.   Saga reports having $47 million in cash on hand as of May 4, 2020. It says in its report, “The COVID-19 global pandemic continues to spread, and state and local ‘shelter-in-place’ orders in the states where we operate have impacted and restricted various aspects of our business. Our operations are functioning, subject to regulated restrictions and safety constraints we have enacted in order to protect our employees and customers. As a result of the current challenging economic conditions, our reported results for the three months ended March 31, 2020 are not reflective of current market conditions. The company’s advertising revenue has declined significantly as a result of the pandemic and these unfavorable trends have continued into May and June. While we cannot reasonably estimate the length or severity of this pandemic, an extended economic slowdown in the U.S. could materially impact our consolidated financial position, consolidated results of operations, and consolidated cash flows in fiscal 2020 or beyond.”

PPM Analysis: Extra. TALKERS magazine managing editor Mike Kinosian presents the “Extra” edition of his monthly study of Nielsen Audio’s 6+ ratings data from the March 2020 PPM survey. He says this “Extra” coverage of each PPM sweep in the foreseeable future will uniquely detail month-to-month shifts among news/talk; all-news; public radio news/talk; and sports talk stations. Among this month’s data is: A ranking of the strongest spoken-word markets among the 48 PPM markets – #1 is Washington, DC, followed by Boston at #2 and San Francisco at #3; a ranking of the markets that most improved over the February 2020 PPM survey – Portland saw a 4.0 share gain from month to month, with Seattle close behind with a 3.8 share improvement; a ranking of the stations that achieved the highest increase from February to March – Entercom’s WBBM-AM/WCFS-FM, Chicago is the winner here; as well as a look at the stations losing the most ground, month to month (hint: sports talk).  See the entire report here.

Entercom All-News Stations Honored with Awards. Two of Entercom’s all-news stations were recently honored for programming quality.  KCBS-AM/KFRC-FM, San Francisco garnered 10 2019 Associated Press Television and Radio Association Awards – eight first place awards and two second-place awards. KCBS won first place for Outstanding News Operation, Best Evening Newscast, and Best Spot News Coverage, among others. Meanwhile, the company’s WINS, New York took home three 2020 Excellence in Broadcasting Awards first-place honors from the New York State Broadcasters Association.  “1010 WINS” won for Outstanding Spot News, Outstanding Newscast, and Outstanding Use of Digital Platforms.

COVID-19 Statistics and Projections, Rush to Re-Open, Scrutiny of China’s COVID-19 Response, Presidential Race/Joe Biden Allegations, and Financial Markets Activity Among Top News/Talk Stories Yesterday (5/5). The number of confirmed COVID-19 cases in the U.S. and the death toll plus the projections of future cases; the debate over ‘lives vs livelihood’ as states begin to re-open their economies; the accusations that China tried to hide the coronavirus outbreak; the presidential race and Tara Reade’s allegation of sexual assault against Joe Biden; and activity among the world’s financial markets were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

TALKERS News Notes. Nobody covers the New York City sports radio scene more colorfully than the New York Post’s Andrew Marchand, and in today’s column he speculates about the possible return of former WFAN-AM/FM morning personality Craig Carton now that radio executive Chris Oliviero is returning to Entercom as SVP and market manager of its New York stations. Of course, Carton is currently serving a three-and-a-half-year prison sentence after being convicted of fraud in a concert tickets Ponzi-scheme. Marchand notes that Oliviero and WFAN program director Mark Chernoff put together the team of Boomer Esiason and Carton back in 2007…..ABC News’ “World News Tonight” anchor David Muir interviewed President Trump in Phoenix on Tuesday as the president was in the city visiting a plant that makes face masks. Muir is featured on ABC Audio’s “Start Here” podcast with host Brad Mielke speaking about his interview with the president…..Entercom launches a daily “I’m Listening” capsule. The 60-second public service announcements, an extension of the company’s annual, yearlong “I’m Listening” mental health awareness initiative, features the voices and thoughts of artists, celebrities, media hosts, and mental health specialists. The daily capsules will feature singer and songwriter Halsey; former American Olympic swimmer Michael Phelps; singer, rapper, songwriter and flutist Lizzo; singer, songwriter and multi-instrumentalist Allessia Cara; rock band Blink-182; Rock and Roll Hall of Fame inductee and former Nirvana member Krist Novoselic, and more to help listeners navigate the complexities of this global health pandemic…..Three new iHeartRadio Original Podcasts launch today. “Fierce,” co-produced by Tribeca Studios, is hosted by Jo Piazza and explores the stories of extraordinary women who never made it into history books; “Flashback: History’s Unintended Consequences” in conjunction with OZY Media, is hosted by OZY’s Sean Braswell who explores disastrous turning points, dangerous ideas, crazy coincidences, unsung heroes, and forgotten villains in history; and “The Trend Reporter,” hosted by four-time Emmy award-winning TV personality and journalist Mara Schiavocampo, is a weekly show that will help listeners figure out which wellness, beauty, style, and fitness trends are actually worth trying…..Cumulus Media’s Westwood One Podcast Network welcomes two shows to its platform: “The Stacking Benjamins Show,” with host Joe Saul-Sehy and co-host Josh Bannerman teaching listeners about personal finance through headlines, guest experts, and plenty of humor. The hour-long, magazine-style show drops each Monday, Wednesday, and Friday; and the spin-off program “Money with Friends” with Joe Saul-Sehy and Bobbi Rebell who are joined each season with a rotating cast of thought leaders providing fresh perspectives and unique insights to the personal finance news and issues discussed on the podcast.

Music Radio News and Career Moves. In Jacksonville, iHeartMedia launches a regional Mexican format branded “El Patrón 97.3” on translator W247CF (fed by WKSL-HD2). The translator had been fed by sports talk WFXJ-AM. Jacksonville iHeartLatino GSM Jorge Lopez says, “I am grateful to be part of a company that sees Hispanic growth in Jacksonville, by adding another radio station and Hispanic brand to our market. With this launch, we confirm our commitment to the community and our solid growth in the communications industry in North Florida, covering 100% of the Hispanic market with our ‘Rumba’ brand and now with ‘El Patrón.’”…..SiriusXM launches the “Mandatory Metallica” channel through the month of May featuring the band’s biggest songs, rarities, and concert recordings from throughout its history. The channel is embarking on a 30-date “virtual Metallica tour,” which will air a daily concert from the band on tour around the globe, including the band’s exclusive SiriusXM concert from 2013 at the Apollo Theater in New York City and their 2016 concert at New York City’s Webster Hall.

Tuesday, February 11, 2014

| February 11, 2014

entercomEntercom Revenue Down 2% in Q4; Dips 3% for 2013.  The 2013 fourth quarter numbers for Entercom are in and the company reports net revenue was down 2% on $99.6 million though adjusted net income per share was basically flat.  Also free cash flow increased by 2%.  For the full year of 2013, net revenue dipped 3%.  Though station expenses decreased slightlyfielddavid during the year, station operating income decreased by 8% to $125.8 million.  Entercom will hold a conference call with investors and analysts at 12:00 noon ET today (2/11).  President and CEO David Field says in a statement, “Entercom’s fourth quarter revenues declined 2% while revenues excluding political advertising posted a 2% increase.  2014 began on a solid note with January revenues up moderately over the prior year.  We are optimistic about 2014 performance based on improving sales capabilities and execution, strong ratings and meaningful local growth opportunities.”

beasley logoBeasley Broadcast Group to Work with Propel Marketing for Online Marketing.  In an effort to expand its online marketing, Beasley Broadcast Group announces it is engaging Propel Marketing to “assist Beasley’s local clients in building and expanding their online marketing opportunities and solutions.”  In a statement, Beasley says that Propel’s products and services include website and mobile site design, search engine optimization, lists and local directories, social media services and online reputation management.  It further states that the “agreement affords Beasley’s local account executives access to a robust portfolio of online marketing services.  Beasley’s relationship with Propel Marketing enhances the on-air and online advertising opportunities already available to existing and future clients, especially small businesses that typically do not have in-house resources to create and implement successful online marketing campaigns.  Propel Marketing will not only create and deliver online marketing solutions, but also provide a dedicated team of specialists to ensure that Beasley’s clients are fully leveraging Propel Marketing products.”  Beasley EVP and CFO Caroline Beasley states, “We are extremelybeasleycaroline excited by this relationship.  It gives us the ability to respond to any request a local advertiser may have that involves exploring a digital component.  The ability to combine radio’s powerful reach with Propel Marketing’s wide assortment of online products and services will greatly enhance a local advertising campaign.”  Newly appointed vice president of digital Stacey Sedbrook adds, “By integrating online marketing with their current radio marketing efforts our clients are able to both extend their audience reach and more efficiently target their messaging.  Beasley sales professionals remain the primary contact for our advertising customers.  Our goal remains helping local businesses build their brands and grow their revenue.  We can now offer integrated marketing solutions under the Beasley Broadcast brand allowing advertisers to streamline their marketing efforts with a trusted local partner.”

mckayjeffTALKERS Posts Part-Two Today of Three-Part Special (2/10-12) Spotlighting Danno Wolkoff and Envision Networks.  Like many people who go to college with a plan for what they want to do when they graduate, Danno Wolkoff went to Syracuse University with a goal of winding up in television production.  Fate, and the prodding from senior management at MJI Broadcasting instead sent him in the direction of sales and affiliate relations.  Wolkoff discovered he had a gift for sales, and doubled his income in one year.  It was through sales and affiliate relations work that he climbed the corporate ladder at MJI, expanding and growing their sales offices nationwide.  When Clearwolkoffdanno Channel acquired MJI and merged it into Premiere Radio Networks (now simply “Premiere Networks”), he became VP of affiliate relations.  However, it wasn’t long before he began to realize that the hands-on and creative approach he had at MJI wasn’t translating to the growth concepts and business model of Premiere and Clear Channel.  Wolkoff faced a career crossroads and would make a decision that would change his life and become an important source of programming and services for radio.  His vision was Envision Radio Networks — a highly successful and forward-thinking company that envisionnetworks newcreates over four-dozen content products and services for radio stations and media outlets nationwide, customizing solutions for clients, producers and affiliates.  It is a company literally founded after another syndication and programming company decided they had a good product that despite making money, didn’t make enough money for their bottom line.  What Wolkoff has accomplished in the span of just 10 years is inspiring and a textbook example of creating a force for productivity and jobs in an industry.  He took the biggest gamble of his life, grabbing a program and three people laid off by an established firm that would become his largest competitor, and growing an independent syndication empire serving over 1,500 radio stations with everything from prep services to music shows, local news and information to weekend talk shows.  His staff has grown over 20-fold in a decade to include an array of producers, salespeople and contract staffers researching, producing, creating and selling more than four-dozen products to radio stations in both the largest and smallest markets.  Now known simply as Envision Networks (they dropped the word “Radio” this past week – more on that later) continues to not only grow, embracing new technology and catering to those needs, but in the process has become an independent force in syndication.  In today’s installment, Wolkoff discusses exactly what it takes to build a formidable syndication firm from scratch and shares his view of the changing nature of the syndication business as well as radio in general.  In the words of Michael Harrison, “The emergence of special individuals like Danno Wolkoff is the force that propels an industry such as ours forward.  I’ve seen this movie many times before.  Danno is the kind of guy who has the makings of being a true giant 10 years down the pike, taking his place among the biggest of the big.”  To read part two of TALKERS special features correspondent Jeff McKay’s extensive profile “The Vision of Envision: The Rise of Radio Syndication Entrepreneur Danno Wolkoff and an Emerging Independent Powerhouse” please click here.  And if you missed part one published yesterday, read that here.

krasnymaxMax Krasny Joins CBS RADIO as VP/Sales and Strategic Alliances.  The former WestwoodOne EVP takes on the vice president, sales and strategic partnerships position with CBS RADIO’s Altitude Group division which focuses on helping brands connect with consumers using CBS RADIO stations, along with CBS Television stations and their digital properties, as well as CBS’s outdoor assets.  Max Krasny reports to the executive leadership of the Altitude Group: Rich Lobel, executive vice president and CMO, and Sue McNamara, senior vice president, sales.  Lobel states, “Max is a seasoned pro who brings a marketing acumen to a client’s business, and knows how to deliver creative excellence that makes brands stand out and get noticed.  No one has a better portfolio of local assets under one roof than CBS including: radio, television, out-of-home, live events, websites, mobile and social apps.”

wls-am logoFCC Socks WLS-AM, Chicago with $44,000 Fine.  The Forfeiture Order comes from the station failing to identify the sponsor of programming that aired back in 2009.  The content was in the form of long-form shows – two two-hour programs, a one-hour show – plus 90-second and 15-second spots and promotional announcements paid for by Workers Independent News.  During the two-week period in question, the FCC determined that 11 announcements were aired without proper sponsor identification and issued a Notice of Apparent Liability for $44,000 – 11 violations at $4,000 per.  Cumulus argued that the commission had in the past reduced fines to a one-time violation amount and that it should just have to pay $4,000.  But the commission ruled that no such precedent had been set and that the forfeiture amounts in failure to identify sponsorships cases reflect the unique aspects of each case and thus the commission considers this case to be comprised of 11 violations, not one.

clarkjackFormer MLB Slugger and Talk Host Jack Clark Apologizes to Albert Pujols.  During a discussion on WGNU, St. Louis, sports talk host and former MLB slugger Jack Clark alleged that former Cardinals player Albert Pujols used performance enhancing drugs during his time in St. Louis.  Pujols threatened to sue and the station ended the contract between Clark’s co-host Kevin Slaten and Clark, cancelling their show.  The station also issued an apology to Pujols.  But for a time Clark maintained his assertion about Pujols and even challenged Pujols to a live debate – an invitation Pujols’ attorney refused.  Now, Clark issues the aforementioned apology and Pujols agrees to withdraw his lawsuit.

farmjournalmedia“Market Rally” Readies for March Launch.  What is said to be the first-ever, long-form agricultural commodity markets-focused national radio program will debut next month (3/10). That is when Farm Journal Media launches Chip Flory-hosted “Market Rally.”  The one-hour weekday program will air at 2:00 pm (CT), immediately following the close of major commodity markets.  Farm Journal Broadcast Division senior vice president Brian Conrady remarks that a “really solid group of stations” is already committed to air “Market Rally” and he anticipates “several more” before the program debuts.  “The show fills a programming void for many stations,” Conrady comments.  “It wraps their day’s farm coverage with a new, information-packed, entertaining program.  It is all about markets, which everyone knows farmers cannot get enough of.”  Flory notes, “We have a long list of guest analysts anxious to share their market perspective with the audience each day.  We will take listener questions/comments via phone, text, and social media.  Our goal is to remove as much confusion as possible from this increasingly volatile marketing environment.”  Flory remains editorial director of Farm Journal’s “Pro Farmer” newsletter and he will host “Market Rally” from FJB’s new studio in Cedar Falls, Iowa.

wmalbeatlesThe Beatles Played in Washington, Too!  As America remembers The Beatles’ arrival in this country 50 years ago this week, much of the attention is focused on the New York-based national broadcast on the “Ed Sullivan Show.”  But Cumulus Media’s WMAL, Washington knows that the group’s first public concert was in Washington, DC.  Pictured here in the WMAL studios are Fox News Channel chief Washington correspondent – and noted Beatles expert – James Rosen (center) and “Mornings on the Mall” co-hosts Brian Wilson (left) and Larry O’Connor (right) after being on the air for Tuesday’s celebration of The Beatles’ first concert on U.S. soil – in the Nation’s Capital.  Among other guests remembering The Beatles on the program were: The Beach BoysMike Love, Rolling Stone Magazine’s David Wild, Herman’s Hermits singer Peter Noone, and local Fox 5 anchor (and former “Good Morning America” weather anchor) Tony Perkins, who discussed his love for the Beatles as an African-American youth growing up in D.C.

wsouhunterOdds & Sods.  Baltimore Orioles broadcaster Jim Hunter recently visited his alma mater Seton Hall University and spoke with student staffers at his old college radio station – WSOU-FM – about making it in sports broadcasting today.  Hunter, pictured here (third from the right) surrounded by students, stressed to them the importance of preparation, noting that the need to do your homework doesn’t end when you graduate from college.  He also shared tips on improving on-air performance and how to tell listeners a good story…..New York City broadcasting legend John Gambling returned to the radio recently, if only briefly, to speak on WABC, New York with Frank Morano on his Sunday “Morning with Morano” program.  Morano and Gambling talked about the state of radio today, the tradition of the Gamblings and covering weather events…..For the 18th consecutive year, ESPN Radio is providing comprehensive coverage of NBA All-Star 2014, culminating with an exclusive radio broadcast of the NBA All-Star Game on Sunday, February 16.  Kevin Calabro will describe the action throughout the weekend with analyst Jon Barry.  They will be joined by studio analysts Marc Kestecher and P.J. Carlesimo and reporters Marc Stein and Shelley Smith.

brentmegSCRABrent & Meg Honored for Keeping Studio City, California Free of Dog Poop.  Although they are heard all over the world on TalkersRadio (weekdays 12:00 noon – 2:00 pm PT), the experimental talk station that lives on this website, the dynamic husband/wife radio duo of Brent & Meg (Brent Seltzer and Meg McDonald) believe in the concept of cleaning up your own backyard as well as tackling the issues of greater humanity.  This past Saturday evening (2/8) they were honored by some of LA’s top movers and shakers for their community volunteer work in regularly picking up dog poop (no kidding) found on the streets of LA’s Studio City – the neighborhood from which their daily show emanates (as well as their home).  The gala appreciation dinner took place at Carla’s Café on the CBS Studio Center lot.  Pictured here are (from l-r): State Assemblymember, 46th District, Adrin Nazarian; Los Angeles City Councilmember, 2nd District, Paul Krekorian; Meg McDonald (Brent & Meg Show on TalkersRadio); Los Angeles Mayor Eric Garcetti; and Brent Seltzer (Brent & Meg Show on Talkers Radio).  Upon learning of Brent & Meg receiving this honor, TALKERS magazine’s sister publication RadioInfo’s music editor/director Duane Doobie issued the statement: “I seldom listen to talk radio, but when I do, I prefer Brent & Meg.  True, like most talk show hosts, they are full of sh*t… but in a helpful, solutions-oriented way.”

ObamaCare Criticism, Hillary Clinton in 2016, Immigration Reform, Winter Olympics, Winter Weather, and Shirley Temple Black Dies Among Top News/Talk Stories Yesterday (2/10).  Scrutiny of the implementation and effects of the Affordable Care Act; the release of new documents about the Clintons and Hillary’s possible run for president in 2016; the move in Washington to pass immigration reform legislation; the Winter Olympics games in Sochi, Russia; a new winter storm reportedly heading for the South and East this week; and the death of former child star and U.S. Ambassador Shirley Temple Black were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS.

Wednesday, February 5, 2014

| February 5, 2014

bennettseatedsmallStill Pioneering After All These Years – 74-Year-Old Alex Bennett Is Building New Platform and Inventing “New” Talk Format.  Some view their own age and/or that of others as a roadblock – a barrier to achieving an untold number of additional hopes and dreams.  To others, age – more correctly – is merely a meaningless number with no attached strings or restrictions.  It would have been quite easy and understandable for radio legend Alex Bennett to take leave and retreat from the business in which he has been an integral part for several decades. After all, the legendary broadcaster was 73-years-old when Sirius XM unceremoniously pink-slipped him last June after more than nine years of service at the satcaster (he turned 74 two months ago).  Notwithstanding an imposing and lengthy list of accomplishments and vitae, which the native Californian could trumpet as an entree to retirement, he has become an entrepreneur with “Alex Bennett’s Great American Broadcasts” being the centerpiece of his novel take on talk radio.  Bennett is innovatively and opportunistically using Skype to create “citizen panels” of up to 10 callers per clip interacting with him in on-air conversation at a time.  To learn more about this creative venture and the ongoing adventures of one of radio’s truly cooler characters, read TALKERS managing editor Mike Kinosian’s feature piece posted today (2/5) in its entirety by clicking here.

siriusxmSiriusXM Reports Revenue Up 12% in 2013.  During yesterday’s Q4 conference call, SiriusXM CEO Jim Meyer told investors and analysts that the company delivered on all of its guidance for 2013 and enjoyed a revenue spike of 12% for the year plus saw its subscriber base rise to 25.5 million.  Meyer, like Mel Karmazin before him, is touting the company’s dedication to increasing free cash flow and, to that end, Meyer reports free cash flow was up 31% to $927 million for the year.  Looking back onmeyerjim 2013 Meyer underscored the importance of deals that get SiriusXM radios into new cars and stated the satellite service is now available in 71% of cars sold in the United States.  Meyer also spoke about the company’s strategy with regard to the “connected vehicle,” saying, “We’ve acquired a smart team of technology engineers who are accelerating development of our overall connected car architecture, including the combination of satellite receivers with LTE hardware, a strategy that should also yield benefits to our existing audio business…We expect connected vehicle services to deliver close to $100 million of revenue this year, and we expect to grow this at strong double-digit rates over the next many years.  We are in the process of fully integrating the CV business into SiriusXM, and its financial results are embedded in our guidance today.”  Thanks to Seeking Alpha for the conference call transcript.  Members can check out the entire conference here.

missanellimikeGreater Media Suspends WPEN, Philadelphia’s Mike Missanelli for Gay Slurs.  This story goes to show how even a seasoned pro like Philadelphia sports talk host Mike Missanelli can make the mistake of engaging with a critic online.  Greater Media has suspended afternoon personality Mike Missanelli after he called a critic a “latent homosexual” in an email exchange.  The station issued the following statement, “We are aware of the email communications between Mike and one of his listeners.  This individual has been harassing Mike by email for several years, which is cause for concern, and we are working with Mike to try to identify this person and stop the abuse.  However, that does not excuse Mike’s conduct.  The content of his emails is unacceptable and does not reflect our values as a company.  Mike has been suspended and understands that future similar conduct will not be tolerated.”  The story broke after the email exchange was posted on Deadspin.com.

beasley logoBeasley Broadcast Group Beefs Up Digital Division.  In announcing the hiring of three new regional digital directors, Beasley reveals its dedication to digital sales efforts.  In a statement, vice president of digital Stacey Sedbrook speaks about the expectations after bringing Eddie Thorpe, Adam Meltzer and Carolyn Cope aboard.  “The formation of this team will surely be the foundation of our success.  Having the right people on my team is as important to me as having the right products and services to sell.  Eddie, Adam and Carolyn were hand selectedsedbrookstacey for their talents, capabilities and, most importantly, their nimble thinking.  Our objective is to drive revenues for our advertisers, especially those smaller businesses and growing brands in the communities we serve.  To achieve this goal, our regional digital directors will assist Beasley’s local market sales teams in creating enhanced advertising campaigns that include digital products and services tailored to the specific needs of our existing and new clients.”  Eddie Thorpe comes to Beasley from the Tampa Bay Times where he was senior digital director.  He’s responsible for the Miami and Fort Myers-Naples markets.  Adam Meltzer is responsible for the Philadelphia and Wilmington, Delaware markets.  He most recently was multimedia sales manager for Wicked Local.  Carolyn Cope also served with Wicked Local as senior digital account executive of major accounts and is now overseeing the Augusta, Georgia; Fayetteville, North Carolina; and Eastern North Carolina markets (Greenville-New Bern-Jacksonville).  Sedbrook is responsible for the company’s Las Vegas group.

klattlenKlatt Yields the Winning Run.  In this case, that is a good thing as The Winning Run is the name of the full-service consultancy that Len Klatt is opening.  The former Premiere Networks senior vice president/director of research is gearing the new undertaking – which will have Los Angeles and New York City offices – to national media companies and talent, programming services and advertisers.  Among his clients are Sound Mind, Compass Media Marketing, Big Shoes Productions, Reel World, and The Blaze Radio Network.  “Len continues to do the best job industry wide in both interpreting audience numbers and explaining them to clients interested in exploring the value premise of audience engagement on radio, online, and in digital media,” comments Sound Mind president Kraig Kitchin, Premiere’s former president/chief operating officer.  “We are fortunate to have his talents for the benefit of our sponsors.”  Klatt remarks, “It is not just about columns and numbers, it’s about how they can be used to shape the story in such a way to advance my clients’ vision.  With The Winning Run, I want to cover all the bases.” Before the nearly two decades he spent at Premiere, Klatt was Westwood One‘s New York City-based director of research.  He began his media research career at Media Buying Services International.

learfieldsports logoLearfield Adds to Footprint with Nelligan Acquisition.  One of the leaders in college sports play-by-play rights is adding 41 schools to its roster with the acquisition of Nelligan Sports MarketingLearfield Sports will now hold the multi-media rights to 92 schools, which puts its total above that of its fiercest competitor – IMG Sports, which holds the rights to 79 schools.  Learfield president and CEO Greg Brown tells SportsBusinessDaily, “In some cases, this will open up new markets for us.  In other cases, it will further fortify what we’re doing…Early on in our discussions with Providence [Learfield owner Providence Equity Partners], we identified some strategic opportunities that would be productive for our business.  Nelligan is consistent with the business we’re already in.  This was right down the middle of the fairway for us.”  Nelligan Sports founder T.J. Nelligan will remain with the new company in a leadership role.  He comments that he doesn’t expect attrition with this merger.

wtoplogoOdds & Sods.  Hubbard Radio’s WTOP, Washington is helping the National Multiple Sclerosis Society by naming it the station’s WTOP Charity of the Month recipient for February 2014.  Through the program the MS Society will receive more than $20,000 worth of in-kind contributions to support Multiple Sclerosis awareness and programs, including 64 promotional announcements on WTOP and sister station Federal News Radio.  Additional content and exposure for MS Society will be included on WTOP.com and FederalNewsRadio.com throughout the entire month of February…..Tribune Company’s WGN, Chicago announces the next in its “Blackhawks Live” series when forwards Kris Versteeg and Brandon Saad take part in the live event at the Old Town Pour House in suburban Oakbrook on February 24.  The event includes a photo op with the players, an autographed photo and dinner, tax and tip.  “Blackhawks Live” is a series of one-hour radio broadcasts hosted over dinner throughout the year featuring current Blackhawks players, legends and management.  Blackhawks radio broadcasters John Wiedeman and Troy Murray host the event that includes a question-and-answer format between the hosts and the featured Blackhawks guests…..The New Jersey Broadcasters Association has created PSAs for member stations reminding drivers in the Garden State that it’s illegal to drive a vehicle that hasn’t had the snow and ice properly cleared off it.  Interested stations can visit www.njba.com for information…..The Radio Television Digital News Association names WBIR-TV, Knoxville news director Christy Moreno to its board of directors, representing Region 8, which includes Kentucky, Tennessee, North Carolina, South Carolina and West Virginia.

ww1sochiWestwoodOne to Present Exclusive Coverage of Winter Olympics.  When the 2014 Olympic Winter Games commence in Sochi, Russia on Friday, WestwoodOne will be the exclusive network for audio coverage.  WestwoodOne’s programing will include: shortform coverage Olympic updates three times an hour, 24/7, from February 7- February 23; longform coverage – “Today in Sochi” including two hours of longform coverage for 17 consecutive nights; coverage of all U.S. Olympic Hockey (Men’s and Women’s) plus the gold medal games in Men’s and Women’s hockey regardless of who is playing.

loeschtheviewDana Loesch Visits ‘The View.’  Conservative talk media figure Dana Loesch – who just entered national syndication for her daily talk radio show via Radio America – appeared on ABC TV’s “The View” on Monday in her stead as a host on Glenn Beck’s TheBlaze where she hosts a daily, 5:00 pm program.  Pictured here (center) between the program’s Jenny McCarthy (left) and Sherri Shepherd (right), Loesch spoke about her conversion from a progressive liberal to her current conservative philosophy and fielded questions from the four co-hosts.

Obama Administration Splits with Some Democrats, Philip Seymour Hoffman Death/Heroin Use in America, Hillary in 2016, Immigration Legislation/Amnesty Component, ObamaCare Criticism, Financial Markets Activity, and Sochi Olympics Troubles Among Top News/Talk Stories Yesterday (2/4).  The reported rift between Democrats on Capitol Hill and the Obama Administration on some issues; the aftermath of the death of actor Philip Seymour Hoffman and the light it’s shed on heroin abuse in America; the prospect of Hillary Clinton running for president in 2016; the proposed immigration legislation working its way through Congress and the possibility of amnesty for current illegals; ongoing scrutiny of the implementation of the Affordable Care Act; activity on the U.S. and world financial markets; and reports of the problems Russia is facing getting Sochi ready for the Winter Olympics were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS.

sextubetubedupeyesxxxtubexokompozmesunpornoxxxdan deneme