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Friday, May 8, 2020

| May 8, 2020

LiveXLive Acquiring PodcastOne in All Stock Deal. The digital media firm LiveXLive Media, Inc. has signed a definitive agreement to acquire Courtside Group, Inc., the owner and operator of PodcastOne in an all stock deal. The press release states that the transaction is valued at $18.1 million based on LiveXLive’s closing price on May 7, 2020. LiveXLive will acquire 100% of the equity interests of Courtside Group, Inc. and issue to stockholders of PodcastOne approximately 5.45 million restricted shares of LiveXLive’s common stock, which would be subject to a 12-month lock-up period and certain trading restrictions thereafter. The proposed acquisition is expected to close by June 2020, subject to certain closing conditions. PodcastOne recorded gross revenue of $27.5 million in calendar year 2019. LiveXLive chairman and CEO Robert Ellin says, “We’re excited to expand our business into the fast-growing podcast category, complementing our music platform of streaming audio, on-demand video, and live event performances. The acquisition will add to and diversify our revenue with a strong advertising component. Once acquired and integrated, we will have a significant opportunity to cross-sell and cross-promote to our respective subscribers, advertisers, and sponsors as well as provide our collective artists and on-air talent with an expanded platform to increase their social media and online presence.” PodcastOne founder and executive chairman, Norman Pattiz is joining LiveXLive as a significant shareholder and remains as executive chairman of PodcastOne. Pattiz comments, “All of us at PodcastOne are excited about joining the LiveXLive team and taking advantage of obvious future synergies between our businesses. I look forward to working with Rob Ellin to close the acquisition and achieve the growth we both envision. PodcastOne is a premium producer, distributor, and revenue-generator for audio-on-demand programming. PodcastOne’s well-established podcasting business is an excellent complement to LiveXLive’s  ‘live social music network,’ delivering premium livestreams, digital audio, and on-demand music.”

NOW POSTED:  New Installment of “The Michael Harrison Wrap: An Overview of the National Conversation.”   The vibrant, 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.  The new episode titled “Demographic Genocide?” looks back at this past week of May 4-8, 2020 and features guests (in order of appearance): Kevin Casey, executive editor, TALKERSRic Edelman, financial advisor / talk show host; Martha Zoller, talk show host, WDUN, Gainesville, GA; Kate Delaney, talk show host, GCN; Barry Farber, talk show host, CRN; Dick Morris, pundit / author; and Victoria Jones, executive director, DC Radio Company. This acclaimed news/talk radio show airs each week on its flagship, WONK-FM, Washington, DC, Friday evenings at 6:00 pm ET. It also airs throughout the weekend on WRKO, Boston; KSCO, Santa Cruz, CA; KDFD (“Freedom 93.7”), Denver; KFNX, Phoenix; WVLY, Wheeling, WV; WVOX, Westchester, NY; KBDT, Dallas; KQSP, Minneapolis; KBKW, Aberdeen, WA; WGDJ, Albany, NY;  WJFN-FM, Richmond, VA; WZFG, Fargo; KTGO, Tioga, ND; WPHM, Port Huron, MI; KSYL, Alexandria, LA; the Virginia Talk Radio Network, Pioneer Valley Radio in Springfield, MA, Podcast Radio, UK and many more.  To listen to this week’s episode (and the program’s complete archives), 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.

iHeartMedia’s Q1 Revenue Down 1.9%. After a strong financial performance in January and February, the COVID-19 pandemic took its toll in March and iHeartMedia finished the first quarter of 2020 with revenue of $780 million, down 1.9% over the same period in 2019 (and down 4.8% excluding political). The company reports an operating loss of $1.7 billion, “driven primarily by non-cash impairment charges” that “reduce intangible asset and goodwill book values established in May 2019 upon required application of fresh start accounting where the macroenvironment was significantly different than today.” Adjusted EBITDA was $140.3 million, down 10.6% year-over-year. Free cash flow from continuing operations was $69.9 million, a decrease of $43.8 million or 38.6%. iHeartMedia chairman and CEO Bob Pittman says, “As America’s #1 audio company, with unparalleled reach both nationally and locally, we play a critically important role in providing companionship, connection and key information to all the communities we serve, and we are incredibly proud of our employees’ commitment to that mission in response to the COVID-19 pandemic. Although businesses and brands across the country have been impacted, we are working closely with them on their marketing needs and are focused on helping them generate the consumer demand to reopen or ramp up. Our multiplatform offering, our unparalleled reach and our unique data and analytics position us well to benefit as a company from this returning advertising demand.”  Company president, COO and CFO Rich Bressler adds, “Given the current economic environment, iHeart has taken actions that we believe expand the company’s financial flexibility and provide sufficient liquidity to operate effectively even in an extended period of economic weakness. We believe that iHeart’s fundamentally strong free cash-generation model, substantial current cash balances, incremental benefits from our cost savings initiatives, and flexible capital structure will enable us to build effectively on our audio market leadership and position us favorably to capitalize on the eventual recovery in advertising demand. With our experienced management team and our unparalleled assets, we are confident in our business and continue our focus on driving shareholder value.”

Edison Research: U.S. Moms Relying More on Tech. This latest installment of Edison Research’s “Moms and Media 2020” study includes data from The Infinite Dial series from Edison Research and Triton Digital, and a recent online survey conducted during COVID-19 restrictions. The report highlights how moms with kids under the age of 18 in the household continue to hold tight to their tech tools while sheltering at home, and they are relying on their technology and media to get through the day. Edison VP Melissa DeCesare says, “This virus has turned life upside down and parents have the added pressure of guiding children through this unsettling time.  Moms are masters at balancing tasks in normal circumstances, but they have found even more capacity to multi-task in this pandemic. Additional responsibilities like distance learning and managing the family dynamic while in isolation are increasing the need for media and technology in the home. This year’s study shows us that moms are meeting these challenges by relying on media, devices and technology to help them get through this new normal.” Some of the findings are: Moms are using their devices more during the COVID-19 pandemic. Working remotely, helping children with distance learning, and keeping in touch with friends and family are driving heavier use of all digital devices; Moms are facilitating distance learning with 54% of moms saying they are spending a lot of time helping their children with distance learning; Moms are using social media with 39% agreeing that social media is the main source for staying up to date on the COVID-19 pandemic in their community and 56% of moms say that they are grateful for social media during the pandemic; and while it is unknown how long this new normal will last, nearly 4 in 10 moms think their current media habits will stay with them even after it is over. See more here.

Three Entercom Podcasts Nominated for Peabody Awards. The nominations for Peabody Awards have been announced and three podcasts from Entercom’s Podcast Network are included among the nominees. “Headlong: Running from COPS” and “The Catch and Kill Podcast with Ronan Farrow” from Pineapple Street Studios, and “Gangster Capitalism, Season One: The College Admissions Scandal” from Cadence13’s C13Originals studio were nominated. Winners will be announced at a later date. Pineapple Street Studios co-founders Jenna Weiss-Berman and Max Linsky say, “For our small shop to get two Peabody nominations is just an incredible testament to the care, thought, and creativity the entire Pineapple Street Studios team puts into the work. Working with world-class talents like Dan Taberski and Ronan Farrow is an honor and we’re thrilled by the recognition for our incredible staff and these two critically important shows, which we were so proud to put out into the world.” The Peabody Awards honor the most powerful, enlightening and invigorating stories in television, radio and digital media. See all the nominations here.

COVID-19 Statistics and Projections Top News/Talk Story for Week of May 4-8. The number of confirmed COVID-19 cases and deaths in the U.S. and the projections for future cases was the most-talked-about story on news/talk radio this week, landing atop the Talkers TenTM. At #2 this week was the state of the U.S. healthcare system.  Coming in at #3 was a tie between the economy, the debate over re-opening, and criticism of the airlines, followed by the presidential race, politics, and the Michelle Obama film at #4. See the entire chart here. 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.

TALKERS News Notes. A special, virtual town hall meeting produced by SiriusXM is taking place today on the Business Radio channel featuring host Dan Loney of Wharton Business Daily that addresses the questions on Americans’ minds about how and when to safely reopen the economy. Guests on the program include: Hyundai Motor Company’s Jose Munoz, Ford Motor Company COO Jim Farley, Kahn Academy CEO Sal Kahn, Cleveland Federal president Loretta J. Mester, Board of Scientific Counselors chair Dr. Thomas Inglesby, Euro Pacific Capital CEO Peter Schiff, chef and restaurateur Wolfgang Puck, DHL CEO Greg Hewitt, and U.S. Transportation Secretary Elaine Chao…..The Talk Shows USA syndicated program “The Money Pit Home Improvement Show” adds new affiliate stations to its roster. They are: WRTA-AM/FM, Altoona, PA; WGNC-AM, Gastonia, NC; WPAY-FM, Garrison, KY; KBST-AM, Big Spring, TX…..Jenn White is named as the new host of the WAMU-FM, Washington-based, NPR program “1A.” White has been serving at Chicago Public Media’s WBEZ-FM, Chicago hosting the midday “Reset with Jenn White” program.

Music Radio News and Career Moves. A Memorial Day weekend show from Cumulus Media’s Westwood One Nashville celebrates the start of summertime. “Summer Kickoff with Dustin Lynch” is a salute to the men and women who have made the ultimate sacrifice for their country and some military veterans will join Lynch in the tribute. Fellow artists will share their favorite holiday memories and summer activities throughout the special, including: Luke Bryan, Florida Georgia Line, Thomas Rhett, Kelsea Ballerini, Little Big Town, Keith Urban, Kenny Chesney, and Carrie Underwood. The four-hour-long special will be available for stations to air over the holiday weekend beginning Saturday, May 23 through Monday, May 25, any time between 6:00 a.m. and 12 midnight.

Monday Memo: The Trump Show

| April 20, 2020

By Holland Cooke
Consultant

 

BLOCK ISLAND, RI — Legend has it that – while he was willingly nudged-into running for president in 2000 – Governor George W. Bush really wanted to be commissioner of Major League Baseball.  And in his book, For the Good of the Game, Bud Selig reckons, “Had things been different, he could have been the ninth commissioner, not me.”

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Wednesday, March 4, 2020

| March 4, 2020

PPM Analysis: News/Talk. TALKERS magazine managing editor Mike Kinosian presents a look at the performances of radio stations based on data from Nielsen Audio’s January 2020 PPM survey, today focusing on the news/talk format.  Coming off the Holiday 2019 survey, 71% of news/talk stations realized a ratings improvement in January, led by iHeartMedia’s KFBK, Sacramento (+2.7) and Emmis Communications’ WIBC-FM (+2.2).  Comparing January 2019 to January 2020, 55% of news/talk stations in PPM markets were up, with 37% down and 8% unchanged.  Leaders in this group included iHeartMedia’s WOR in the Long Island market (+2.2) and Cox Media Group’s WSB-AM/WSBB-FM, Atlanta (+2.1).  Three news/talk stations ranked #1 (weekly, 6+ AQH share) in the January 2020 survey: Cox Media Group’s WSB-AM/WSBB-FM put up a 10.0 share, iHeartMedia’s KFBK, Sacramento notched an 8.6 share, and CMG’s WOKV-FM, Jacksonville garnered a 9.8 share.  See the entire report here.

ESPN to Rep ABC Audio’s Podcast Network. A deal between ABC Audio and ESPN Audio will have the latter’s ad sales team representing ABC Audio’s podcast network.  The press release states that this arrangement “by the two business units reflects a strategic collaboration to further grow the podcast business across The Walt Disney Company.”  Prior to this announcement, ESPN handled ad sales for podcasts produced by FiveThirtyEight, National Geographic, and its own network.  ESPN Audio VP of digital strategy and marketing Tom Ricks says, “Adding ABC Audio’s podcasts under the ESPN Audio sales umbrella will provide advertisers with one-stop shopping, enhancing the value and efficiency they receive from a larger stable of premium and compelling content.  We reach complementary audiences – adding even more value for advertisers.”  Broadcast network radio sales for ABC Audio are represented by Skyview Networks.

Edison Research: Two-Thirds of American Homes Have at Least One Radio. In advance of the March 19 Infinite Dial webinar, Edison Research and Triton Digital tease that their inquiry into home radio ownership in the U.S. reveals that 68% of American homes have at least one radio.  However, just 12 years ago, the mean number of home radios Americans reported owning was three.  Back in 2008, just 4% of households reported owning no radio at all; the figure for 2020 is 32% owning no home radio.  Edison asks, “What has replaced these radios?  Do those who have no radios instead have smart speakers in their homes?  Tune in to The Infinite Dial webinar for the answer to these questions and many others.”  You can find registration information for the webinar here.

Entercom Signs Up with LiveRamp. Broadcaster Entercom announces it has entered into a deal with LiveRamp to become a LiveRamp Destination.  Entercom says, “Advertisers and media buyers will now have the ability to find and activate their own audiences interacting with the company’s robust portfolio of audio assets that reach over 170 million consumers monthly. In addition, advertisers will benefit from the company’s full suite of first party data and attribution solutions through Entercom Audience & Attribution platforms.”  Entercom VP, data and analytics Dan McKinney says, “As the No. 1 reach medium in America, radio and digital audio should be vital parts of every brand’s media strategy.  Audience-based media buyers nationwide who turn to LiveRamp to find and activate their audiences across digital and television publishers will now be able to do so across all audio platforms – from streaming, to podcasts, to over-the-air inventory – giving them over 90% reach in the top 50 markets.”  The press release adds that LiveRamp has over 500 integrations with leading platforms in the industry, offering advertisers an omnichannel solution for activating their data.  As part of the partnership, Entercom’s portfolio of assets spanning across broadcast radio and digital will be featured among hundreds of leading media and entertainment companies.

Appeals Court Nixes Ref’s Suit Against Kentucky Sports Radio. College basketball referee John Higgins lost his Appeals Court suit against Lexington-based Kentucky Sports Radio and talk hosts Matt Jones and Drew Franklin. Higgins had sued alleging intentional infliction of emotional distress, invasion of privacy, tortious interference with a business relationship, and civil conspiracy.  However, the Court ruled against him on First Amendment grounds.  Higgins refereed the 2017 Elite Eight game of the NCAA Basketball Tournament between the Kentucky Wildcats and the North Carolina Tar Heels.  Kentucky lost a close game and many of its fans blamed Higgins’ refereeing for the loss.  Naturally, Kentucky Sports Radio, including Jones and Franklin discussed the loss and Higgins’ role in it.  After a fan learned that Higgins owned a roofing company in Omaha, angry Kentucky fans began leaving poor reviews of his business on social media, causing his reviews to plummet from highly positive to very negative and, he says, causing him financial losses.  Higgins argued the hosts at KSR were in part to blame for this.  The Court’s ruling is interesting, and you can read it here.

TALKERS News Notes. The new television talk show starring former White House Press Secretary Sean Spicer debuted on Newsmax TV last night (3/3), in time for coverage of Super Tuesday elections.  “Spicer & Co.” airs nightly at 6:00 pm from studios near the White House and includes co-host Lindsay Keith…..Genesis Communications Network nationally syndicated talk host Dr. Daliah Wachs is co-sponsor of a Change.org petition to end Daylight Saving Time.  Wachs, a board-certified family physician, has talked on her radio program for years about the medical issues that are associated with the semi-annual time changes.  See the petition here….. ABC News correspondent Linsey Davis is hosting the 30th annual First Amendment Awards Dinner & Show on March 5 at the Marriott Marquis in Washington, DC, presented by the Radio Television Digital News Foundation.  Davis will lead the ceremony in which the RTDNA recognize seven honorees who “represent the valuable role journalists play in local and national media by practicing their constitutionally guaranteed duty to seek and report the truth.”  Davis joined ABC News in 2007 and works as a correspondent filing reports for “World News,” “Good Morning America,” “20/20” and “Nightline” as well as an anchor for “Prime” on ABC’s streaming channel, ABC News Live…..As the result of deals with audio play-by-play producers and syndicators ESPN Radio, Westwood One, Compass Media Networks, and Learfield IMG College, SiriusXM is broadcasting games from 26 different NCAA Division I college basketball conference tournaments this postseason, offering live play-by-play of more than 120 men’s and women’s conference tournament games to subscribers.  They’ll get games from the ACC, Big East, Big 12, Big Ten, Pac-12, SEC, and Mountain West conferences, and every game of the Women’s ACC and SEC Tournaments.

News Opportunities with FOX News Radio. There are a number of open news positions with FOX News. They are: Radio News Anchor, FOX News Headlines 24/7 – This is a full-time radio anchor position as an air talent for News Headlines 24/7 Sirius XM Channel 115. In this position you will work under tight deadlines and deliver top notch newscasts. You have a passion for breaking news and the flexibility to work on a day’s notice. Please be sure to include a link or MP3 file of your demo reel/ air check to be considered for this role. Apply here; Overnight Freelance Anchor, FOX News Radio – This is a freelance position open at the company’s Los Angeles, New York, and Washington, DC bureaus. Please be sure to include a link or MP3 file of your demo reel/ air check to be considered for this role. Apply here; Producer/News Editor – This is a Friday through Tuesday position supervising the staff for FNR’s network radio news operation, Fox News Headlines 24/7 (Channel 115 on SiriusXM Radio). In this post you’ll work with news anchors to craft the content and structure of a 24/7 news operation. See more and apply here; and Freelance Producer/News Editor – This position is in New York City in which you are editorial leader, working with news anchors to craft the content and structure of a 24/7 news operation. See more and apply here.

KLIN, Lincoln Has Rare News Anchor Opening. NRG Media news/talker KLIN, Lincoln, Nebraska has a rare opening for a news anchor/reporter. NRG says: “This is your chance to be part of an amazing team in Nebraska’s Capital City and the Radio Home of the Nebraska Cornhuskers! At KLIN, the local news drives our talk, and does it in a fun and entertaining environment. If you are energetic, love radio, are passionate about local news, know how to enterprise, can connect with the community, are able to create compelling & award-winning content, we want to talk with you! You will share the mic with a talented group of professionals who all love radio and each of its digital platforms.” See more about this position and apply here. NRG Media is an Equal Employment Opportunity Employer.

Music Radio News and Career Moves. Now it’s confirmed that former longtime KROQ, Los Angeles program director – and most recently SVP of programming for Entercom Los Angeles – Kevin Weatherly is joining Spotify as head of North American programming.  Weatherly had been with KROQ for 28 years.  He also programmed the company’s adult hits KCBS-FM “93.1 JACK FM” and CHR KAMP “97.1 AMP Radio.”…..The YEA Networks syndicated “Kidd Kraddick Morning Show” is returning to Houston on Radio One’s CHR KROI “RadioNOW 92.1,” effective March 9.  The show features Kellie Rasberry, J-Si Chavez, and Big Al Mack, along with recently announced correspondent Jenna Owens.  Radio One Top 40 format director Dustin Kross says, “I’m really excited to bring the legendary ‘Kidd Kraddick Morning Show’ back to Houston on ‘RadioNOW 92.1.’  They still have a great streaming presence in Houston from when they were here before.  So, I have no doubt they’ll be welcomed with open arms.”

Tuesday, March 14, 2017

| March 14, 2017

Washington Post Writes About the Evolving Glenn Beck.  Industry watchers and regular TALKERS readers are aware of Premiere Networks syndicated talk radio star Glenn Beck’s long-held distaste for President Donald Trump.  Throughout the election, Beck was a Never Trumper and it was the focus of his radio show during that period.  Now he’s walking a difficult road of staying true to his self-described libertarian principles while expressing regret for how he conducted himself for so many years.  Beck and his efforts to make amends for the things he’s said and done in the past is the focus of a feature piece in the Washington Post by senior editor Marc Fisher.  Not only has Beck changed how he approaches his radio and TV shows, he’s going out on the road with some heretofore very unlikely company.  Read the Post piece here.

Bye Partnered with Stokley on KKFN, Denver.  Moving from Townsquare Media’s sports talker WTMM, Albany “104.5 The Team” to Bonneville’s sports KKFN, Denver “104.3 The Fan” is Zach Bye.  He partners with Brandon Stokley for the 12:00 nooon to 3:00 pm “Stokley and Zach” show, effective March 31.  In addition to co-hosting the “Big Board Sports” show on WTMM, Bye served for the past seven years as a play-by-play and color analyst for University of Albany sports radio broadcasts.  KKFN program director Armen Williams states, “After a national search, we were thrilled to find the perfect fit for Brandon and ‘104.3 The Fan’ in Zach.

GOP ObamaCare Alternative, Obama Wiretapping Accusations, Trump’s Budget Proposal, North Korea Missile Threats, Tennessee Sues Federal Government, Northeast Snowstorm, and March Madness Among Top News/Talk Stories Yesterday (3/13).  The Trump Administration/GOP’s alternative to the Affordable Care Act; the ongoing debate over what President Trump meant by his accusation that President Obama wiretapped the Trump Tower during the 2016 campaign; the Trump Administration’s federal budget proposal and its effort to shrink Washington’s administrative power; North Korea’s nuclear missile program and related tensions between China and the U.S.; Tennessee sues the federal government over the latter’s refugee resettlement program; the late-winter blizzard hitting the Northeast today; and the NCAA Men’s Basketball tournament were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Rotella: Local Radio Is on Alert.  Local radio advocate – and president and CEO of the New Jersey Broadcasters AssociationPaul Rotella, is using today’s winter storm affecting the Northeast to point out the positives of local, terrestrial radio – and advocate for the broad activation of the FM chip and the prevention of any Performance Tax.  Read his letter to members of the NJBA and the industry here.

 

 

Alana Lynn Joins KMLE, Phoenix for Afternoons/Music Director Post.  Phoenix country outlet KMLE @ 107.9 announces Alana Lynn takes over the music director and afternoon personality position at the CBS RADIO station.  She assumes the duties from Bryan “B-Dub” Washington, who’s exiting for new position elsewhere.  CBS RADIO Phoenix VP of programming Tim Richards comments, “Alana is an amazing talent and we couldn’t be more excited for her to join the KMLE family.” She was most recently morning personality at Townsquare Media’s classic hits KTRR, Loveland, Colorado “Tri 102.5” and midday host at sister country KUAD “K99.”

Tony Russell Joins ‘McKinzie & Jake’ on ‘98.7 The Bull’ in Portland. Effective Monday (3/20), radio pro Tony Russell becomes part of the KUPL, Portland “98.7 The Bull” morning drive show with current AM show personalities McKinzie Roth and Jake Byron.  KUPL program director MoJoe Roberts comments, “Tony’s passion for super-serving the community line up with the core values of Alpha Media.  He brings a wealth of experience, a great sense of humor and is no stranger to our audience.  We’re thrilled to turn him loose with ‘McKinzie & Jake’ in mornings.”

Demery to Program KINK, Portland.  Radio pro Sean Demery is the new program director at Alpha Media’s triple A KINK, Portland.  Alpha Media VP of programming Scott Mahalick says, “Sean is a world class programmer, digital maverick, and talent coach who gets the vibe of Portland and will be dedicated full-time to the growth of KINK.  We are looking forward to Sean’s impact in taking us to new heights.”  Demery has served with stations across the country including: WNNX, Atlanta; KITS, San Francisco; KMTT, Seattle; KXRK & KLRZ, Salt Lake City; WYMS, Milwaukee; and KGGI, Riverside/San Bernardino.  Demery comments, “101.9 KINK? Are you kidding?  It’s already a great station.  I look forward to working with the crew to make it an indisputable cultural landmark.  I also look forward to exploring and eating at all the cool places that have been taunting me from Sunset magazine.”

KMGA, Albuquerque Names Simmons PD/PM Host; Adds Durocher to AM Show.  Albuquerque adult contemporary KMGA  “99.5 Magic FM” announces the addition of Bryan Simmons to the staff as program director and afternoon drive host and on-air pro Doug Durocher as morning drive co-host.  Durocher pairs up with Meredith Dunkel for the “Meredith & Doug” show.  Cumulus Media Albuquerque FM operations manager Brad Hansen states, “Bryan and Doug both bring an amazing track record of success and are already having a very positive impact on ‘Magic’ and the Albuquerque community.”

iHeartRadio Music Festival Returns to Las Vegas September 22-23.  The main stage acts won’t be announced until a later date but iHeartMedia says its annual iHeartRadio Music Festival is back in Sin City September 22 and 23.  The evening performances will happen at T-Mobile Arena.  The Daytime Village, presented by Capital One, takes place on Saturday (9/23) in the Las Vegas Village across from the Luxor Hotel and Casino.  Featured acts for the Daytime Village include: Flume, French Montana, Noah Cyrus, Judah & The Lion, Kelsea Ballerini, Hey Violet, and All Time Low, with more to be announced.

Monday, March 13, 2017

| March 13, 2017

Townsquare Media Announces Q4 2016 Net Revenue Up 5.8%; Up 3% for 2016 on Pro Forma Basis.  Those numbers are for the company as a whole.  Townsquare Media breaks its quarterly financial reports into two segments: Local Marketing Solutions (including broadcast and digital products) and Entertainment (live event experiences and music and lifestyle content directly to consumers, and promotion, advertising and product activations).  For the fourth quarter of 2016, Townsquare Media reports the Local Marketing Solutions segment’s net revenue was $119.5 million – an increase of 5.1% on an actual basis.  For all of 2016 on a pro forma basis (pro forma for the acquisition of NAME and the divestiture of 43 of its towers on September 1, 2015), the segment’s net revenue was $342.2 million – also up 5.1%.  For the company as a whole, 2016 pro forma net revenue was $516.9 million, an increase of 3% over all of 2015.  Townsquare chairman and CEO Steven Price adds, “In 2016, we delivered net revenue, net income and Adjusted EBITDA growth of 17%, 127% and 9%, respectively.  On a pro forma basis, net revenue growth of 3.0% was driven by the strong performance of our local products and offerings within our Local Marketing Solutions segment, where pro forma net revenue increased 5.1% over the prior year.  This year we focused on strengthening our balance sheet; through EBITDA growth and debt repayment we reduced net leverage from 5.5x at the start of the year, to 4.9x at year end.”

FCC Chairman Ajit Pai to Address 2017 NAB Show.  New FCC Chairman Ajit Pai will address the 2017 NAB Show at a general session on Tuesday, April 25 in Las Vegas.  The address is expected to provide insight into the FCC’s policy and regulatory objectives related to broadcasting, technology and communications law and regulation.  Pai was appointed as an FCC Commissioner by President Obama and confirmed in May of 2012.  President Trump designated him chairman in January.  NAB president and CEO Gordon Smith states, “We know from his tenure as FCC commissioner that Ajit Pai believes deeply in the value of free and local broadcasting.  Chairman Pai’s appearance at NAB Show represents a tremendous opportunity for attendees to hear first-hand about his regulatory philosophy and priorities.”

Phil Valentine Now Airing in Afternoons on KCMO-AM, Kansas City.  Local talk show host Mike Ferguson is leaving the Cumulus Media station to take on the communications director role at the Show Me Institute.  That opens up the 4:00 pm to 6:00 pm slot for Westwood One’s Phil Valentine show to take over.  In announcing the move, WW1 notes that in Valentine’s home market of Nashville, Valentine “is #1 Persons 25-54 in Nashville.  His show draws more listeners in his home market than Limbaugh, Hannity, and Beck combined.”  Commenting on joining KCMO-AM, Valentine says, “If ever there were a perfect market for our show it’s Kansas City.  What a heritage station!  They have big plans to take this station to the top and we’re thrilled to be a part of it.”

Alpha Media Drops Local Morning Show on Sports Talk WMEN, West Palm Beach.  The duo of Joe Raineri and Steve Zemach have exited Alpha Media’s sports talk WMEN, West Palm Beach “FOX Sports 640.”  The station is now running the full lineup of FOX Sports Radio programming.  Replacing Raineri and Zemach is the “Outkick the Coverage with Clay Travis” program.

PodcastOne Executive Chairman Norm Pattiz Guests on Harrison Podcast Tomorrow (3/14).  The executive chairman of PodcastOne and noted industry pioneer, Norm Pattiz joins TALKERS founder Michael Harrison tomorrow (3/14) for an in-depth conversation about the general state of radio and podcasting on the award-winning weekly series, “Up Close and Far Out.”  The compelling dialogue was recorded this past Friday, inspired by the Thursday release (3/9) of the annual Edison Research/Triton Digital 2017 Infinite Dial Study. Don’t miss it, posted bright and early tomorrow morning right here on Talkers.com, PodcastOne and iTunes.

Trump’s Obama Wiretapping Accusations, Trump Fires Preet Bharara, GOP Health Care Plan, the “Deep State” concept, Trump-Russia Connection, North Korea Threats, NCAA Men’s Basketball Tournament Among Top News/Talk Stories Over the Weekend.  President Donald Trump’s accusation the Obama Administration ordered the wiretapping of Trump Tower; President Trump fires U.S. Attorney Preet Bharara after Bharara refused to resign in accordance with the administration’s request that he and 45 other U.S. Attorneys do so; questions about what the GOP-engineered replacement of the Affordable Care Act will entail; talk about the existence of a “Deep State” that operates the government behind the scenes; Democrats’ wishes to appoint a special prosecutor to investigate the possible connection between Russian agents and the Trump campaign; the growing nuclear missile capabilities of North Korea; and the Sunday afternoon revelation of the teams making the 2017 NCAA Men’s Basketball Tournament were some of the most-talked-about stories on news/talk radio over the weekend, according to ongoing research from TALKERS magazine.

TALKERS News Notes.  At last week’s annual Great Lakes Broadcasting Conference presented by the Michigan Association of Broadcasters, the MAB presented its 2016 broadcast excellence awards.  Cumulus Media’s WJR reports that it won 22 awards across numerous categories, including: 2016 Commercial Station of the Year; Best Regularly Scheduled Weekday Broadcast – The Mitch Albom Show; Best Morning Show Broadcast Personality – The Paul W. Smith Show; and Best Regularly Scheduled Weekday Broadcast Personality – The Frank Beckmann Show.  WJR program director Mike Wheeler says, “We’re really proud of the way the WJR team serves our audience, advertising partners and community.  It is gratifying to have the MAB validate our efforts.”…..Westwood One will tip off coverage of the 2017 NCAA Division I Men’s Basketball Championship on Tuesday (3/14) with play-by-play coverage of all 67 games.  In addition, Westwood One will broadcast the NCAA Men’s Final Four on Saturday, April 1, and the National Championship Game on Monday, April 3, in both English and Spanish, live from University of Phoenix Stadium in Glendale, Arizona.

 

 

Music Radio News and Career Moves. In Charleston, South Carolina, Cumulus Media appoints 20-year radio programming pro Kathy Brown as program director for hip hop WWWZ “93 Jamz” and urban contemporary WMGL “Magic 107.3.”  She comes to Cumulus from her most recent position with iHeartMedia programming hip hop KMJM “100.3 The Beat” and Gospel KATZ-AM “Hallelujah.”  Cumulus Media Charleston operations manager Bill West says, “Kathy is a pro and I’ve already been inspired by hearing her ideas for our brands here in Charleston.”…..Mapleton Communications ups Jamie Patrick to program director for country KDRK, Spokane “93.7 the Mountain.”  Patrick host the morning show, is music director and assistant operations manager – all duties he will continue while ascending to PD…..Entercom names Lindsey Martin director of promotions for its five-station Sacramento cluster…..Cumulus brings Appleton/Oshkosh market radio pro Dan Markus aboard to host the morning drive show on its adult standards WNAM and middays on classic hits WVBO.  Markus spent 17 years programming the company’s Green Bay classic hits outlet WOGB…..iHeartMedia classic rock KZPS, Dallas “Lonestar 92.5” is presenting the return of the “Bo and Jim Bash VI” taking place on August 18 at Starplex Pavilion in Dallas.  This annual event, presented by the station and the morning team of Bo Roberts and Jim White, will this year feature Foreigner, Cheap Trick, Jason Bonham’s Led Zeppelin Experience and Stone Cold Sweat featuring Bo and Jim.  KZPS program director Don Davis says, “Foreigner is coming off a sold-out show last month in Dallas and we have been after Cheap Trick since year one, so to say we are excited about this lineup would be an understatement.  And if Foreigner and Cheap Trick weren’t enough, I couldn’t think of a better way to kick off the night than having Jason Bonham’s Led Zeppelin Experience and Bo and Jim’s Stone Cold Sweat open the show this year.”…..Beasley Media Group’s Fayetteville, North Carolina hip hop WZFX “Foxy 99” adds the Premiere Networks-syndicated morning show “The Breakfast Club” – hosted by Charlamagne Tha God, Angela Yee and DJ Envy – to the station’s program lineup for morning drive…..Entercom launches new urban station “Hot 103.7 FM” on translator K243AV, New Orleans.  Entercom New Orleans VP and market manager Chris Claus says, “We are focused on delivering the content and music that we know listeners in New Orleans are looking for.  The combination of well-known and live local talent and the R&B hits that fans want to hear on 103.7 FM is a magical one that has not been on the dial in New Orleans.”  Tom “Jammer” Naylor – who programs sister CHR WEZB “B97” – will serve as the program director.  Urban radio pro Jay Dixon is consulting the station.  On air is Abraham “Big Abe” Johnson on the “Big Abe in the Morning” program.  Terrence “Terry Bello” Burton is hosting afternoon drive…..JVC Media has partnered with major Long Island retail locations and DNS publications to publish a quarterly country music newspaper called This Is Country.  JVC says the free, full-color magazine will contain exclusive interviews, stories, pictures, news, album and movie reviews, up-coming events around Long Island “and other information a country music lover will not want to miss.”  JVC’s country WJVC-FM, Center Moriches, New York “My Country 96.1” is promoting the publication that launches April 15.