Tag: "Howard Deneroff"
Tribune Terminates Sinclair Merger Agreement. Included in our story yesterday which dealt with Sinclair Broadcast Group’s second-quarter earnings report (Talkers.com, 8/8) was the following quote from Sinclair president and chief executive officer Chris Ripley who addressed the pending acquisition of Tribune Media Company: “We are working with them to analyze approaches to the regulatory process that are in the best interest of our companies, employees, and shareholders.” It was announced early today that not only is the marriage between the two entities over, Tribune Media is suing Sinclair Broadcast Group for breach of contract; the suit was filed today (Thursday, 8/9) in Delaware Chancery Court. The proposed $3.9 billion deal hit a snag when the FCC designated it for a hearing, a red flag that the transaction would most likely not be approved. Last month, FCC chair Ajit Pai raised “serious concerns” about the deal, which originally would have reached roughly 70% of U.S. households. Tribune is charging that, “In an effort to maintain control over stations it was obligated to sell, Sinclair engaged in unnecessarily aggressive and protracted negotiations with the Department of Justice and the FCC over regulatory requirements; refused to sell stations in the markets as required to obtain approval; and proposed aggressive divestment structures and related-party sales that were either rejected outright or posed a high risk of rejection and delay – all in derogation of Sinclair’s contractual obligations.” Tribune further claims, “Sinclair’s entire course of conduct has been in blatant violation of the merger agreement; but for Sinclair’s actions, the transaction could have closed long ago.” According to Tribune chief executive officer Peter Kern, “In light of the FCC’s unanimous decision, referring the issue of Sinclair’s conduct for a hearing before an administrative law judge, our merger cannot be completed within an acceptable timeframe, if ever. This uncertainty and delay would be detrimental to our company and our shareholders. Accordingly, we have exercised our right to terminate the merger agreement, and, by way of our lawsuit, intend to hold Sinclair accountable.” Revenue for Tribune’s only radio property – Chicago news/talk WGN – is not broken out in the company’s second-quarter financials. “Notwithstanding our disappointment regarding the outcome of the [Sinclair] transaction,” Kern remarks, “we are extremely pleased with our second quarter results, which were very strong. Consolidated Adjusted EBITDA grew 69% versus the prior year period and 84% for the first half of the year. While net core advertising revenues declined 6%, we were able to drive consolidated revenue growth of 6% when excluding the impact of barter revenues, with solid growth in retransmission and carriage fees revenues and political advertising revenue. Our disciplined focus on cost management drove programming expenses down 29% and corporate and other cash expenses, excluding transaction costs, down 19% over the prior year period.”
Rumor Becomes Fact: Warner Is WW One’s Lead MNF Analyst. Just this past Tuesday (Talkers.com, 8/7), we referenced a report by Richard Deitsch in The Athletic, hinting that Hall of Fame QB and NFL Network analyst Kurt Warner would join Kevin Harlan as Westwood One’s lead analyst for “Monday Night Football” and the Super Bowl. It is now official: Warner’s first broadcast will be in a little over four weeks (9/10), when the Oakland Raiders host the Los Angeles Rams. He becomes only the fourth regular “MNF” analyst for Westwood One since its broadcast partnership with the NFL began 40 years ago. The others were Boomer Esiason (2000-2017); Matt Millen (1996-2000); and Hank Stram (1978-1984, 1987-1995). Ever since he retired from the NFL, Warner insists he has “been blessed” with tremendous broadcasting opportunities. “I am grateful to Westwood One for this opportunity and for believing in me with this role. The bar has been set extremely high by Boomer Esiason and others. I look forward to grabbing the torch, working hard, and maintaining the sense of excellence that has become synonymous with Westwood One. I also look forward to continuing my relationship with Kevin Harlan, who I believe is one of the best play-by-play people in the business.” Westwood One president/Cumulus Media executive vice president of marketing Suzanne Grimes states, “We have been proud partners of the NFL for more than four decades and our best-in-class broadcasts feature the brightest stars from the league. Kurt Warner is a keen observer with a great eye and unique analysis. He adds another layer of authenticity, knowledge, and expertise to our roster. He is an incredible asset for our loyal and passionate listeners and engaged advertisers.” Westwood One Sports executive vice president/executive producer Howard Deneroff adds, “To have a player, and person, of Kurt Warner’s caliber become our lead analyst is incredibly exciting. We look forward to Kevin and Kurt working together full-time. We are confident that they will continue the legacy of great Westwood One broadcast teams which have informed and entertained listeners on Monday nights for decades.” A 2017 inductee in the pro football Hall of Fame, Warner played 12 seasons in the NFL, leading two different franchises (St. Louis Rams and Arizona Cardinals) to Super Bowl appearances. He was the NFL’s MVP in 1999 and 2001. He and wife, Brenda, created “The First Things First Foundation,” dedicated to impacting lives by promoting Christian values, and “Treasure House,” which provides a supportive living environment for young adults with intellectual and developmental disabilities.
Multi-Year TuneIn, Cumulus Deal Expands Streaming Partnership. The arrangement between the two principals calls for streaming of Cumulus Media’s 441 stations in 90 markets, as well as shows on co-owned Westwood One Podcast Network on the TuneIn platform. Cumulus Media president and chief executive officer Mary Berner remarks, “We understand that consumers engage with content across multiple platforms and devices. We put our listeners first, and we have made it our mission to provide a modern and platform-agnostic listening experience. Expanding our partnership with TuneIn takes our distribution and promotional opportunities to the next level, exposing our portfolio of leading stations, shows, and programs to new fans.” TuneIn chief executive officer John Donham states, “As the world’s leader in live digital audio, we are thrilled to provide our listeners access to some of the best live-station programming across sports, news, talk, music, and entertainment, as well as popular podcasts and other on-demand content offered by Cumulus Media. We look forward to a long and successful partnership as we grow the next chapter of the audio business together.” Heretofore, Cumulus Media stations have been available through iHeartRadio, as well as TuneIn.
Salem Media Group Reports Mixed Q2 Results. Second-quarter total revenue for Salem Media Group increased .2% to $66.3 million; net broadcast revenue rose 2.7% to $50.6 million; and station operating income held steady at $13.3 million. Conversely, operating income fell 84.4% to $1.3 million and net income spiraled from a gain of $1.3 million to a loss of $2.2 million. In addition, EBITDA dropped 40.8% to $6 million and Adjusted EBITDA fell 9.4% to $11.2 million. A full-slate of Salem Radio Network talk shows aired on news/talk WBIX, Boston but, in early-January (2018), Salem Media Group agreed to sell “The Buzz” for $685,000 to the International Church of the Grace of God, which – through an LMA – flipped the station to a Portuguese format; the sale was finalized approximately two months ago (6/20). The second-quarter included a $5.7 million net loss on the sale of stations in Omaha and land in Covina, California. Salem Media Group projects third-quarter total revenue to be flat or up 2% from 2017’s $65.4 million.
Round Three of July 2018 PPM Data Released. The third of four rounds of ratings information from Nielsen Audio’s July 2018 PPM survey has been released for 12 markets, including Portland, Charlotte, San Antonio, Pittsburgh, Sacramento, Salt Lake City, Las Vegas, Cincinnati, Orlando, Cleveland, Kansas City, and Columbus. Nielsen Audio’s July 2018 survey period covered June 21 – July 18. See all the 6+ numbers from subscribing stations here.
TALKERS News Notes. Under newly-signed five-year deals, Joe Bowen and Jim Ralph will return calling Toronto Maple Leafs hockey games. The NHL team’s radio broadcasts are split between Rogers sports talk CJCL “Sports Net 590 The Fan” and Bell Media sports talk CHUM “TSN Radio 1050.” Per The Toronto Sun, the deal is for radio only. This year’s Hockey Hall of Fame Foster Hewitt award winner – Bowen – has been calling Toronto Maple Leafs games since 1982; Ralph has been on the broadcasts since 1997 ….. Morning driver John Hines is retiring at the end of the month from heritage Entercom Minneapolis news/talk WCCO. Newly-arrived (from Entercom Philadelphia) operations manager Andy Bloom is holding on-air auditions to fill that upcoming “News Radio 830” vacancy. In a station memo obtained by City Pages, Bloom writes, “My only interest is getting someone that will generate an audience. The fact is, the majority of news/talk radio listeners are center-right.” ….. Former San Francisco 49ers defensive end Dennis Brown is named co-host of KNBR’s pregame and postgame NFL coverage. This marks the 14th year of 49ers football on the Cumulus Media San Francisco sports talk outlet. Program director Jeremiah Crowe comments, “We are thrilled to welcome Dennis Brown to the KNBR family. Dennis brings a Super Bowl champion’s perspective to our coverage, and he will maintain a regular analyst role throughout the week during our primetime talk programming. The addition of Dennis further strengthens KNBR’s NFL roster as the strongest in all of sports radio.” Brown, who was a 49ers television analyst from 2012 – 2017, adds, “As a Bay Area native, I’m very excited to be joining KNBR’s game-day broadcast team. I’ve listened to KNBR for decades and jumped at the opportunity to join their pregame and postgame coverage.” Brown was the 47th overall pick in the 1990 NFL draft and played all seven years of his career for San Francisco, including 1995, when he was part of the team that won Super Bowl XXIX ….. Meanwhile, in Seattle, Dave Wyman is named radio analyst for the NFL’s Seahawks on Bonneville-owned flagships KIRO-AM “710 ESPN Seattle” and news/talk KIRO-FM “Radio 97.3.” The former linebacker (Seahawks and Denver Broncos) will work alongside play-by-play announcer Steve Raible during the regular season; Jen Mueller and John Clayton return as sideline reporters ….. Cleveland-based podcast production and radio syndication network Front Porch Media Network acquires Pit Pass Media Group, producers of weekly two-hour motorcycle racing podcast “Pit Pass Moto,” which has had 785,015 episode downloads in the last four years. Front Porch chief executive officer Michael DeAloia notes, “We look forward to enhancing the brand and building new content. We continue to concentrate on building a dynamic and engaging podcast portfolio. ‘Pit Pass Moto’ is a prestigious podcast and one that merits additional resources and investment.” The podcast’s partner and guest host Ed Kuhlenkamp remarks, “We are excited about the Front Porch Media acquisition and what it means for the show’s fans. We believe Front Porch Media has the resources required to take the ‘Pit Pass Moto’ brand to the next level.”
Harrison Podcast Resurrects 36-Year-Old Interview with Apple I and Apple II Inventor Steve Wozniak. In commemoration of Apple, Inc. reaching the historic milestone of a one trillion dollar valuation, TALKERS founder Michael Harrison dug up a 36-year-old interview that he conducted with Apple, Inc. co-founder Steve Wozniak, the designer and inventor of the original Apple I and II personal computers. It is the centerpiece of this week’s installment of the award-winning PodcastOne series, “The Michael Harrison Interview.” Originally aired in 1982 on the pioneering national cable TV talk show “Harrison’s Mic,” the 24-minute conversation explores the beginnings of Apple Computer, Inc. (as it was then called) from what was a relatively recent perspective (it was only six years old). More importantly, it reveals the prescient thinking and perspective of one of the most important electronic designers and computer scientists of the digital era (and eventual philanthropist) when he was only 32 years old and society had merely scratched the surface of the revolution about to change the way people live and think. This fascinating interview is a must-listen for pop culture enthusiasts and media freaks. Michael Harrison states, “I am only first understanding the level of historical and intellectual gold that exists in the thousands of interviews, specials and broadcasts collecting dust in my archives that go back a half-century. We never realized when this content was being created in those early days that it would be of such historical interest and value. It just seemed like disposable pop content of the moment. This gem of a conversation with the great Steve Wozniak, which I hadn’t heard in more than three decades, is a prime example. I am so happy to share it in 2018 upon the milestone of Apple setting such astonishing records.” To listen to the interview in its entirety, please click here.
Mueller Investigation; Ohio Special Election/Primaries; Manafort Trial/Gates Testimony, California Wildfire and the Environment, Trump China Tariffs, and MLB Action Among Top News/Talk Stories Discussed Yesterday (8/8). The Robert Mueller probe; the special election in Ohio and key primaries in several states, the trial of Paul Manafort highlighted by the damaging testimony of Rick Gates; the deadly California wildfires and their possible causes; and MLB action were some of the most-talked-about stories on news/talk radio yesterday (8/8), according to ongoing research from TALKERS magazine.
Music Radio News and Career Moves. “Summer Camp,” a two-day, outdoor music concert showcasing the different sounds of alternative rock, will be held this Saturday (8/11) and Sunday (8/12) at Redmond, Washington’s Marymoor Park. Entercom Seattle’s KNDD “107.7 The End” hosts the tenth annual event, which will feature – among others – AWOLNATION, Nathaniel Rateliff & the Night Sweats, Manchester Orchestra, Robert DeLong, and Elle King. A portion of the ticket sales will go to Pearl Jam’s “Home Fund” to fight homelessness in Seattle. The “Home Fund” is part of the Vitalogy Foundation, which supports the efforts of non-profit organizations and their work in the fields of community health, the environment, arts and education, and social change ….. Changes at Cumulus Media Syracuse find CHR WNTQ “93-Q The #1 Hit Music Station” music director/afternoon drive talent Rick Roberts boosted to assistant program director/digital content manager, while production director Joey Walker takes over as “93-Q” mid-day host/digital content manager for alternative WAQX “95-X” and rock WXTL “105.9 The Rebel.” Operations manager Tom Mitchell comments, “We are pleased to promote from within. In these new roles, both Rick and Joey will apply valuable fresh perspective to market leader ’93-Q.’ Rick assumes all APD duties, along with digital content oversight/management and the afternoon-drive air shift. Joey brings talent and enthusiasm to the ’93-Q’ midday slot. Both will continue to develop new opportunities for us in the digital and social media realm.” ….. Former 12-year vice president of operations for Rubber City Radio Akron’s WQMX “94.9 Your Station – Your Country,” Sue Wilson Cordle, restarts her voiceover business with Sue Wilson Creative. She previously was Cleveland adult contemporary WDOK’s director/programming for 12 years; a programming consultant for McVay Media; and director/programming of Salem Cleveland contemporary Christian WFHM “95.5 The Fish” and co-owned Christian talk WHKW “AM 1220 The Word.” ….. In conjunction with the National Association of Black-Owned Broadcasters (NABOB), Kizart Media Partners (KMP) will present the 18th annual “Power of Urban Radio Forum” October 4th and 5th in Washington, DC. This year’s National Service awardee, Procter & Gamble chief business officer Marc Pritchard, will be the keynote speaker. KMP founder/managing director Sherman Kizart notes, “We continue the tradition of bringing together influential marketers and advertising agencies to discuss the incomparable value that the African-American market and urban radio bring as key communications elements. The event coincides with NABOB’s 42nd annual Fall Broadcast Management Conference. NABOB and PURF conference registrations are $200 for members; $400 for non-members ….. Chicago media reporter Robert Feder is first to report that, sometime next year, legendary “Windy City” programmer/on-air talent Tommy Edwards will publish his memoir, which will feature stories of Edwards’ 54-year radio career. Highlights will surely include his time working with the iconic Larry Lujack and moonlighting as public address announcer for the Chicago Bulls. Four years ago, Edwards retired from CBS Radio’s classic hits-oldies WJMK “K-Hits 104.3” (now Entercom-owned urban-rhythmic oldies WBMX “104.3 Jams”) ….. Grammy-nominated country artist Cam will serve as the first host of Slacker Radio’s “Women Crush Everyday” (#WCE Country), a channel devoted to introducing and elevating female country artists. “Women Crush Everyday” will feature commentary and playlist selections from ladies in the music industry. Slacker’s country format captain Jess Wright declares, “We have amazingly talented women making music in Nashville and they deserve to be heard. In 2017, more than 97% of the artists who appeared on the year-end country top 40 were male. This doesn’t reflect the quality of music created by women – it reflects a lack of support from the gatekeepers of country music who believe that women have limited commercial appeal. Through Slacker, we can bring the music of female country artists directly to our audience, curated by the people who are most passionate about it – the women in Nashville’s music industry.” ….. Interim general manager of Bellevue Community College-owned KBCS, Seattle – Carol Handley – is named director of music programming at Friends of 88.5 FM’s KNKX in the same market and will begin her new duties one week from next Monday (8/20). Director of content Matt Martinez notes, “Carol has proven success in building and nurturing teams and on-air talent; an entrepreneurial spirit; and a love of storytelling. With her deep roots in the Seattle music scene, I am confident she will redouble our commitment to supporting this vital and vibrant community.” Handley succeeds Nick Francis, who is retiring after 13 years in that position. In Seattle’s July 2018 Nielsen Audio PPM report, KNKX ranks #14, dropping the six-tenths it gained in June (3.0 – 3.6 – 3.0, 6+).
Rod Shares Red Roses With Dresdale. During his interview with ABC Radio‘s Andrea Dresdale (r), one of the most prolific pop star interviewers in radio, the ageless Rod Stewart (l) discussed his new album “Blood Red Roses” and his headlining tour with Cyndi Lauper.