Tag: "Jane Matenaer"
Townsquare Media Second Quarter Net Revenue Rises 13.6%. For the second quarter of 2022, Townsquare Media is reporting net revenue of $121.9 million, an increase of 13.6% over the same period in 2021. The company also reports net income of $4.9 million, a decrease of $5.2 million from Q2 of 2021. Townsquare’s financial data is broken in to three primary segments: Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. The Subscription Digital Marketing Solutions segment includes its subscription digital marketing solutions business, Townsquare Interactive. The Digital Advertising segment, marketed externally as Townsquare Ignite, includes digital advertising on the company’s owned and operated digital properties and its digital programmatic advertising platform. The Broadcast Advertising segment includes its local, regional, and national advertising products and solutions delivered via terrestrial radio broadcast, and other miscellaneous revenue that is associated with the broadcast advertising platform. The Subscription Digital Marketing Solutions segment’s net revenue rose 13.7%, the Digital Advertising segment’s net revenue was up 25.4%, and the Broadcast Advertising segment’s net revenue rose 1.0%. Company CEO Bill Wilson states, “I am proud to share that the Townsquare team delivered another quarter of strong revenue and profit growth, and in doing so, we achieved all-time record highs for both net revenue and Adjusted EBITDA. Our performance clearly demonstrates the strength and differentiation of our digital businesses and our legacy broadcast business. Townsquare’s second quarter net revenue increased year-over-year by 14%, exceeding our guidance range, and Adjusted EBITDA increased 7% year-over-year, meeting our guidance range. In addition, our digital revenue growth accelerated from the first quarter (Q1 +16% year-over-year), with second quarter total digital revenue increasing 21% year-over-year. Our strong top-line growth, margin profile, and cash generation characteristics have contributed to the reduction of our net leverage, now at a historical low of 4.65x as of June 30th, including the repurchase and retirement of $19 million of our Senior Secured Notes at or below par in Q2. We are also pleased to announce that we are raising our FY 2022 guidance following the close of the Cherry Creek acquisition on June 17th. Our updated full-year guidance reflects the ongoing momentum of our business and the strength of our performance to date, fueled by our differentiated digital platform. As a Digital First Local Media Company focused principally on markets outside of the Top 50 in the United States, we have a resilient digital growth engine supported by subscription digital marketing solutions, with a large addressable market and limited competition. As we move forward, we expect double-digit digital net revenue growth to continue at strong margins, reaching our digital revenue target of at least $275 million in 2024. With half of our total revenue and profit coming from digital today, it is our belief that over time as digital continues to meaningfully grow, Townsquare should and will be afforded a sum-of the-parts valuation that our digital assets deserve.”
70 Years of WGN-AM, Chicago Audio Archived at Northwestern University. As the result of a gift from WGN-AM, Chicago’s parent company Nexstar Media Group, a 70-year swath of the radio station’s audio archive now resides at Northwestern University Libraries in the Charles Deering McCormick Library of Special Collections and University Archives. The station says, “The archive, with materials covering 1941 to 2011, includes more than 15,000 items, primarily magnetic media (open reel tapes, compact cassettes, continuous-loop “carts,” U-matic videocassettes and VHS tapes) as well as other media such as grooved discs, CDs and minidiscs. The bulk of the audio dates to the 1980s and 1990s, a period of innovation and surging popularity for the station.” Scott Krafft is curator of special collections at Northwestern and he says that the archive contains thousands of hours of audio that will need to be cataloged and, where necessary, digitally preserved before they can be made publicly available. He adds, “It’s a remarkable collection that represents a significant sampling of Chicago history, including local and national news. In addition, the voices of WGN Radio’s most popular programs are represented here, making this an important archive for the history of the entire field of radio broadcasting.” WGN Radio VP and general manager Mary Sandberg Boyle comments, “Given the long and storied connection between WGN Radio and Northwestern University, it is most fitting that this audio collection, drawn out of 70 years of our broadcast history, will be under their care. While digitizing it will be a substantial undertaking for the Northwestern Libraries, ultimately, this will be a permanent and invaluable repository and resource for years to come. We trust their expertise and are proud they are the caretakers in this endeavor.”
Triton Digital Streaming Ranker for June 2022 Released. The monthly ranking of the top-performing streaming audio stations has been released for the month of June by Triton Digital. The ranking is based on Average Active Sessions which is calculated by dividing Total Listening Hours by the number of hours within the reported time period. In the period of 6AM-12AM Mon-Sun, iHeartRadio is far and away the #1 streamer again this month with 301,251 Average Active Sessions. Continuing in the #2 spot this month is NPR Member Stations (72,476 AAS), followed by Audacy at #3 (68,570 AAS), and Cumulus Streaming Network at #4 (41,562 AAS). Other streamers of note in the top 25 include Beasley Broadcasting Corporate at #7 (18,663 AAS), Hubbard Broadcasting at #8 (15,151 AAS), and Salem Communications at #11 (8,677 AAS). See the complete chart here.
TALKERS News Notes. Former WTMJ, Milwaukee air personality Jane Matenaer, who exited the station last month after six and a half years with the Good Karma Brands news/talk outlet, is staying with the company as producer and news reporter for sister progressive talk WAUK-AM/W266DR, Waukesha “The ‘Sha 101 FM” on the “As Goes Wisconsin” early afternoon program hosted by Kristen Brey…..Cumulus Media appoints Derek Falter VP/market manager for its Grand Rapids and Muskegon, Michigan markets that include sports talk WJRW-AM, Grand Rapids “The Ticket” and seven music-formatted stations. Falter, who was most recently regional VP for Curtis Media Group, comments, “I’m beyond excited about the opportunity the leadership team at Cumulus Media is giving me to work alongside the dynamic crews in Grand Rapids and Muskegon! Thanks to Mary Berner and Bob Walker for bringing me back to a part of the country that is so meaningful to my family.”
Al-Zawahiri Killed, Pelosi’s Asia Trip, Biden’s Climate/Health Bill, Manchin-Schumer Bill, Midterms/2024 Presidential Race, The Economy, January 6 Sentencing, Deadly Kentucky Floods/Western Wildfires Among Top News/Talk Stories Yesterday (8/1). 9/11 orchestrator Ayman al-Zawahiri is killed in drone strike in Kabul; House Speaker Nancy Pelosi’s expected visit to Taiwan and China’s threatening response; the fate of Joe Biden’s climate and health bill; the Joe Manchin and Chuck Schumer-authored Inflation Reduction Act; November’s midterm elections and speculation about the nominees in the 2024 presidential race; the still-high price of gasoline and food and concerns about a recession; Guy Reffit is sentenced to seven years in prison for his part in the January 6 Capitol attack; the deadly Kentucky floods and threats of more rain to the region plus the ongoing wildfires in Northern California were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.
Pending Business: Stop the Whining! Radio sales pro Steve Lapa writes in today’s column that, unfortunately, throughout his marketing work – from major market managers to top-tier sellers – “whining seems to be in vogue and contagious.” He adds, “In my recent experience, whining as a sales strategy typically surfaced somewhere in the process of negotiating, when sellers and/or managers lose focus of the win-win goal and rely on emotional triggers.” Read his column here.
Monday Memo: What’s in a Name? Consultant Holland Cooke continues his month-long series “Inflation Hacks, tips for saving your listeners (and yourself) some do-re-mi.” This week’s column unlocks savings by deciphering “Best by…” and “Use by…” and “Expires…” labels. And ARE those lower-cost store brands really name brands in disguise? Read it here.
Jane Matenaer Exits WTMJ, Milwaukee. The Milwaukee Journal Sentinel reports that WTMJ-AM, Milwaukee air personality Jane Matenaer exited the station after her last program on Friday (7/8). Matenaer had been a presence on the Milwaukee airwaves since 1984. She served with hot AC WMYX-FM for 25 years, later WLDB-FM, and joined WTMJ in 2015 as co-host of the morning show with Gene Mueller, who retired from the station in February. Matenaer told WTMJ morning host Vince Vitrano that she was grateful that Good Karma Brands allowed her to say good-bye on the air. Matenaer, 62, says she’s not retiring but is exploring some options to remain in the media business.
WHAM, Rochester Celebrates 100th Anniversary. Heritage Rochester news/talk WHAM-AM celebrates its 100th anniversary on air today (7/11). The iHeartMedia station debuted on July 11, 1922, under the call letters WHQ. In honor of the station’s anniversary, Rochester Mayor Malik Evans is declaring July 11, 2022, as “NewsRadio WHAM 1180 Day” in Rochester. In addition, News Radio WHAM 1180 will continue to celebrate its anniversary on its podcast “WHAM @ 100: An Oral History,” a weekly podcast hosted by Joe Lomonaco that features rare and never before heard archive recordings, new interviews with former, and current, WHAM staff, and stories about what WHAM means to the community it continues to serve. iHeartMedia Upstate New York president Robert J Morgan comments, “NewsRadio WHAM 1180 has been a friend and source of information to generations. With nearly 1,000,000 newscasts and even more conversations over the past 100 years, this iconic station has stood side-by-side with our listeners in good and bad times. Always present, always relevant, and always trusted.”
‘In the Garage’ Program Celebrates One Year on Air. Pictured above is WRVA, Richmond afternoon drive host Jeff Katz (right) with local mechanic Stan Andrewski (left) as they celebrate the first anniversary of their WRVA Saturday morning car show, “In the Garage.” Katz tells TALKERS magazine, “We grew up loving Click and Clack [Tom and Ray Magliozzi, hosts of the legendary NPR program “Car Talk”] and we hope that we’re continuing to fulfill the community’s need for honest car repair advice. No bakery would make a cake in the shape of a transmission to celebrate the one year anniversary of ‘In The Garage With Stan & Jeff’ so Stan and I just enjoyed some Boston creams from Dunkin’ while hoisting a few iced coffees to salute The Tappet Brothers and get rolling into year number two in the garage.”
TALKERS News Notes. This week’s Westwood One Audio Active Group blog summarizes the Audio Today 2022: How America Listens report that Nielsen prepared for its clients. Among the findings were: AM/FM radio has mass reach among Americans 18+, adults 35-49, and even Millennials 18-34. On a monthly basis, AM/FM radio reaches 93% of adults 18+, more than live + time-shifted TV (90%), smartphones (86%), TV-connected devices (81%), PCs (76%), and tablets (46%); AM/FM radio has massive monthly reach among African American and Hispanic audiences: AM/FM radio has substantial monthly reach among African American Millennials 18-34 (88%) and African Americans 35-49 (92%). Similarly, among Hispanic audiences both 18-34 (93%) and 35-49 (98%), AM/FM radio’s monthly reach beats all other media and device platforms; and AM/FM radio is “the center of the total audio universe” with an audience that is 16 times bigger than those who only listen to digital audio and satellite radio. Find out more here…..Syndicated Solutions, Inc’s national travel radio show “RMWorldTravel with Robert & Mary Carey and Rudy Maxa” has surpassed another affiliation milestone and is now heard on 490 radio stations across the US each week. The program is broadcast live on Saturdays from 10:00 am to 1:00 pm and also offers a daily, 60-second travel commentary feature.
January 6 Hearings, Musk & Twitter, The Economy, Midterms/2024, Japan Elections, Russia-Ukraine War, COVID-19, Uber Woes, and China Protest Among Top News/Talk Stories Over the Weekend. The continuing January 6 Committee hearings including Steve Bannon’s agreement to testify; Elon Musk’s backing out of the Twitter acquisition and the legal issues surrounding it; the high price of gasoline & food, the activity on the world’s financial markets, and concerns about a recession; the November midterm elections and potential presidential candidates in 2024; Shinzo Abe’s Liberal Democratic Party wins upper house elections in Japan in the aftermath of his assassination; Russia’s ongoing invasion of Ukraine and its effect on the world’s economy; the contagious BA.5 subvariant’s spread across the U.S.; Uber’s corporate tactics are revealed in a data leak; and Chinese authorities brutally crack down on protestors unable to withdraw their savings from local banks were some of the most-talked-about stories on news/talk radio over the weekend, according to ongoing research from TALKERS magazine.
Cumulus Media Names Brian Philips EVP of Content and Audience; Mike McVay to Return to Consulting. Effective today, radio and television executive Brian Philips is being appointed executive vice president, content and audience for Cumulus Media, taking over for Michael McVay, who is returning to full-time consulting, with Cumulus as his first client. Philips previously served as president of Viacom/MTV Network’s CMT channel. The press release notes that there, Philips led “the music network’s successful forays into long-form script series, tentpole awards shows, concert specials, and feature films. He also developed CMT’s successful national radio network.” Prior to working in TV and film, Philips worked in radio programming with such stations as Cumulus’ WNNX-FM and WWWQ-FM in Atlanta, and KPLX-FM, Dallas. Cumulus Media CEO Mary Berner says, “We are excited that Brian is joining our leadership team. A highly accomplished executive, leader, and innovator with substantial experience across today’s media landscape, he comes to us with an impressive and successful track record of growing ratings and expanding audiences. We look forward to benefiting from the skills and expertise he brings to his new role. I would also like to thank Mike for his significant contributions to Cumulus and for being such a great partner to me.” McVay underscores that the decision to leave Cumulus and return to consulting was entirely his. In praising McVay, Berner adds, “Mike’s accomplishments since his appointment as EVP, content and programming in 2015 are too numerous to count. To name just a few, under Mike’s leadership of the office of programming, we reversed four years of ratings share declines, and saw years of ratings share growth. We are currently posting the best ratings since 2011 on some of our biggest and most important stations. Mike has helped to expand Westwood One’s programming, participating in the launch of several new shows, including the very successful ‘The Ben Shapiro Show.’ Mike has also led us in increasing our reach beyond over the air listening to include smart speakers and all online listening.”
Monday Memo: Show Me Your Show. On smart talk stations, weekends are appointment listening and might be the two most profitable days of the week, “NOT incompatible goals” according to consultant Holland Cooke. “Yet,” he notes, “programming Saturdays and Sundays can be high-maintenance for stations, and getting airtime is challenging for talent.” In this week’s Monday Memo, HC recommends a win-win road map to weekend airtime. Read it here.
Simonson Named Director of Sales at Hubbard Radio West Palm Beach. Radio sales pro Gregory Simonson is appointed director of sales for Hubbard Radio’s recently acquired West Palm Beach station group that includes news/talk WFTL, Fort Lauderdale and sports talk WMEN, Royal Palm Beach “640 The Hurricane,” and four music-formatted stations. Simonson was most recently general sales manager with Beasley Media Group’s Fayetteville, North Carolina cluster. Hubbard Radio SVP and market manager Elizabeth Hamma states, “I’m very happy to welcome Gregory to the Hubbard Radio West Palm Beach family. His extensive track record of success in traditional and digital media as well as his passion for helping sales people succeed make Gregory a perfect choice to lead our sales team to new heights.” Last fall, Hubbard agreed to acquire the cluster from Alpha Media for $88 million.
‘Our American Stories’ Passes 180-Affiliate Mark. The nationally syndicated “Our American Stories” program from American Private Radio announces the addition of eight new affiliate stations to the program’s roster, putting over the 180-station mark. APR president and show host Lee Habeeb says, “Stations told us they wanted a radio program that wasn’t always about politics, to give listeners a break from the news cycle. More importantly, they love the topics we share every night, and we take great pride in putting stories together that touch our listeners’ hearts and minds. People walk away feeling better when they listen to ‘Our American Stories.’” New stations include Entercom’s news/talk WCCO-AM, Minneapolis-St. Paul.
TALKERS News Notes. A new podcast is being launched starring iHeartMedia chairman and CEO Bob Pittman, titled, “Math & Magic: Stories From the Frontiers of Marketing,” on the iHeartPodcast Network beginning on May 14. The program will feature interviews with “visionary executives from the media and entertainment industries.” In the first two episodes. Pittman talks with Maurice Levy, who, during his tenure as CEO of Publicis Groupe, increased the value of the company by 100 times and expanded a French agency into a true global advertising and communications leader; and Scooter Braun, renowned talent entrepreneur, investor and entertainment executive who boosted the careers of international superstars such as Ariana Grande, Justin Bieber, and many others…..Boston Herald-based nationally syndicated columnist and Boston Herald Radio show host Adriana Cohen recently hosted President Trump on her weekly program. Cohen tells TALKERS that the almost-20-minute interview went viral after being picked up by Politico, Boston Globe, Newsweek, Fox News, The Blaze, The Hill, and others…..Chicago media writer Robert Feder reports that staffers at Entercom’s all-news WBBM-AM/WCFS-FM are getting some backing from fellow union members as they negotiate with the company for raises for the newsroom’s eight assistant producers. The Writers Guild of America will rally outside the WBBM studios in the Prudential Building today (5/6)…..Washington University in St. Louis is awarding seven people with honorary degrees at a ceremony during the school’s 2019 commencement on May 17 and one of those is SiriusXM Urban View talk host Joe Madison. The commencement address will be delivered by Michael Bloomberg. Madison graduated from Washington University with a bachelor’s degree in 1971…..WTMJ, Milwaukee cleaned up at the Wisconsin Broadcasters Association Awards Gala in Madison over the weekend. The Good Karma Brands news/talk station won first place in 21 categories, including: News/Talk Large Market Station of the Year, Radio News Operation of the Year (Large Market); Social and Digital Operation of the Year (Large market); Best Newscast: Wisconsin’s Afternoon News; and more. Pictured below with the station’s awards are WTMJ staffers (from l-r): Nick Van Wagenen, Erik Bilstad, Jordan Gasiorowski, Steve Wexler, Steve Scaffidi, Jane Matenaer, Jay Sorgi, Brad Lane, Doug Russell, Melissa Barclay, and Mike Spaulding.
Mueller Report/Trump on Mueller Testimony, 2020 Presidential Politics, China Trade War Escalation, U.S.-Iran Tensions, North Korea Missile Test, Israel-Gaza Violence, ‘Game of Thrones,’ Avengers: Endgame, Kentucky Derby Disqualification, and NBA Playoffs Among Top News/Talk Stories Over the Weekend. The aftermath of the release of the Mueller Report and President Trump’s tweets saying Robert Mueller should not testify before congress; the Democrats vying to challenge President Trump in 2020; markets react as Trump threatens to ramp up U.S.-China trade war; U.S. carrier group heads to Iran in response to reports of Iranian threats to U.S. interests in the region; reaction to North Korea’s latest missile test; the rocket attacks on Israel from Gaza; Sunday’s episode of “Game of Thrones”; the Avengers: Endgame movie sets new record; the Kentucky Derby winner is disqualified; and the NBA playoffs were some of the most-talked-about stories over the weekend, according to ongoing research from TALKERS magazine.
George Beasley Inducted into PA Radio Hall of Fame. Pictured above is Beasley Broadcast Group founder and chairman George Beasley at center with his wife Ann and surrounded by their family at the Pennsylvania Association of Broadcasters’ 2019 Gold Medal Awards Dinner yesterday (5/5) in Hershey where he was inducted into the PAB’s Hall of Fame. Beasley was inducted with fellow honorees: comic and actor/director Bob Saget, Pittsburgh Steelers great and Pro Football Hall of Famer Jerome Bettis, and C-SPAN correspondent Steve Scully.
Music Radio News and Career Moves. Los Angeles alternative rocker KROQ announces the debut of the afternoon drive “Stryker and Klein” program featuring Ted Stryker (left) and Kevin Klein (right). Entercom Los Angeles SVP and market manager Jeff Federman says, “Pairing Stryker and Klein is something we could never have imagined just a few years ago. Individually, they’ve both had tremendous success throughout their careers. Adding great content to our afternoon programming is something that we’re very committed to and these guys do a fantastic job connecting the music to fun and interesting conversations.” Stryker has been with the station since 1999. Klein hosted mornings on the company’s KITS-FM, San Francisco “Live 105.” He was slated to be the morning host at sports talk KWFN, San Diego but the infamous Coronado Bridge social media post bit derailed his gig on that station…..The search is on for the new morning show at Entercom’s country WUSN, Chicago “US99” after Doug Stylz and Justin Roman exited the station on Friday (5/3). The duo previously hosted the morning show at sister CHR WBBM-FM, “B96” before taking on the morning show role at “US99.”…..Premiere Networks-syndicated evening personality Delilah recently hosted the “Our Town, Our Heroes Celebration,” a local event recognizing listeners for their outstanding work in the Wilmington, Delaware area, produced by Beasley-owned affiliate WJBR, Wilmington “Mix 99.5.” In addition to helping honor local citizen’s Delilah was surprised by WJBR as the station honored her for her philanthropic efforts with her non-profit foundation, Point Hope, that serves as a voice for forgotten children in the U.S. foster care system and in West Africa.