Tag: "Jim Cramer"
Cramer Says Market Is Wrong About Entercom-CBS Merger. Markets and investment expert Jim Cramer – a former radio talk show host himself – said on his “Mad Money” program on CNBC that the market may be wrong about its ho-hum attitude toward the Entercom–CBS RADIO merger. About the post-merger Entercom he says, “They’ll be the #1 creator of local audio content in America. More important, they’ll also have a gigantic sports business, broadcasting games from 45 professional teams [and] numerous college teams.” He also noted that the new Entercom will become the second-largest radio company by revenue with the best balance sheet in the radio biz. The CNBC.com story says Cramer believes that Entercom “will also create a bustling live events business with some 4,500 live events a year. Cramer says This alone should make the stock a strong play on the rise of the experiential economy, one of his favorite trends.” Read the whole story here.
Not So Fast! Leslie Marshall Show to Stay on AM/FM Radio. Last week’s report from WYM Media Management that progressive media personality Leslie Marshall would be ending her eponymous AM/FM syndication efforts and focus on Internet broadcasting of her radio program was premature. WYM tells TALKERS magazine that they “were able to work out an agreement” with new partner Progressive Voices to feed the program to Marshall’s terrestrial radio affiliates. Progressive Voices will air the show live weekdays from 3:00 pm to 4:00 pm ET beginning October 2 and will continue building relationships with terrestrial radio partners.
Herskovitz: Light in the Darkness. Talk radio sales pro Al Herskovitz writes today about his experience in his Florida home dealing with Hurricane Irma. He points to the importance of radio during emergencies such as catastrophic weather. His story – and so many others like it – backs up what a lot of Americas are saying as they ask smartphone manufacturers – especially Apple – to turn on the FM chip in smartphones. Read Herskovitz’s piece here.
TALKERS News Notes. A new content partnership between NPR and iHeartRadio brings more than 30 of the former’s podcasts to the iHeartRadio digital platform. iHeartRadio says that it has seen a 60% uptick in listenership from its more than 100 million registered users. They are now able to access podcasts including: “Up First,” “Fresh Air,” “Invisibilia,” “Planet Money,” “How I Built This” and more. The addition of the NPR shows means iHeartRadio now offers more than 9,000 shows across 19 different categories…..FOX News Radio announces the premiere of the new podcast “Children of Song.” It is a new show hosted by music author and historian Robert K. Oermann and former New York Times theatre critic Charles Isherwood. Each week, “Children of Song” features interviews with artists who were exposed to the music business through their famous parents, as well as performers who began playing music at an early age. The artists share their backstories and the inspiration behind many of their biggest hits, as well as sing their most memorable songs that highlight those remarkable journeys. Guests featured on the show include: Vince and Jenny Gill, Lorrie Morgan, Pam Tillis, the Orbison boys, Kristin Chenoweth, David Cassidy, Neil Sedaka, Steve Cropper, Felix Cavaliere, and many more.
St. Louis Protest Violence, California Sanctuary State Bill, Irma and Harvey Aftermath/Climate Change Debate, North Korea Sanctions/Trump at UN, Harvard-Chelsea Manning Controversy, Emmy Awards, MLB Playoff Push, College Football, and NFL Action Among Top News/Talk Stories Over the Weekend. The arrest of more than 80 after three days of protests in St. Louis after the acquittal of former St. Louis police officer Jason Stockley; California’s move to pass a bill making it a “sanctuary state”; the social and political effects of Hurricanes Irma and Harvey and the related debate over man-made climate change; the sanctions levied against North Korea, Kim Jong Un’s threats against the U.S., and President Trump’s appearance at the UN this week; criticism of Harvard University for naming Chelsea Manning a visiting fellow; Sunday evening’s politically laden Emmy Awards show; the MLB’s playoff push; the weekend’s college football games; and Sunday’s NFL action were some of the most-talked-about stories on news/talk radio over the weekend.
BFoA Golf Tourney Raises $250,000. Last week’s Celebrity Golf Tournament benefitting the Broadcasters Foundation of America raised $250,000 to help broadcasters in need. This year, the annual fundraiser took place at Sleepy Hollow Country Club in Briarcliff Manor, New York. BFoA chairman Dan Mason states, “The funds come at a time when more broadcasters than ever are in need of emergency assistance. Our colleagues braved dangerous winds and rain from these massive hurricanes to remain on the air, broadcasting vital, life-saving news and information to their communities. It is up to us to help these dedicated broadcasters now, in their time of need.”
Renee Brady Passes at 68. Media figure Renee Brady, wife of radio industry pro Bill Brady (currently CEO of Futures & Options, Inc.) died recently at age 68 after a battle with cancer. Renee Brady was an “acclaimed astrologer with an impressive media career. She hosted radio programs in the New York, Minneapolis-St. Paul, and Miami-Fort Lauderdale-West Palm Beach markets and appeared on hundreds of radio programs across the country. Her work would also take her to London and the U.K. where she was seen on the nationwide Channel 4 Network and heard on BBC Radio.
Music Radio News and Career Moves. Minneapolis radio personality Tom Barnard is being sued by the estate of his late attorney, Ron Rosenbaum. The Ron Rosenbaum Trust – led by his widow Lucy Quinlivan – alleges that Barnard is in violation of his contract with Rosenbaum that requires him to pay five percent of his salary to Rosenbaum through the duration of the contract, which is the end of 2019. Rosenbaum died in May of 2016. Barnard made payments to Rosenbaum, and then the Trust, from January 2015 through February of 2017 for Rosenbaum’s work negotiating Barnard’s current contract with rock KQRS. KSTP-TV reports that Barnard attorney Chris Madel says, “Tom Barnard has done so many charitable things, not only for the Rosenbaum family but for others in the community. To me, this is sad someone else is trying to take advantage of him like this.”…..Radio management pro Lori Heerden joins Alpha Media’s San Jose duo as market manager. She’ll oversee classic hits KBAY “Bay FM 94.5” and hot AC KEZR “Mix 106.” During her career, Heerden has served with CBS RADIO, Beasley Media Group, Americom, and EZ Communications…..KRRL, Los Angeles “REAL 92.3” announces the lineup for its annual “The REAL Show” hip hop concert event. It takes places at The Forum on November 18 and performers will include: J. Cole, French Montana, Yo Gotti, Cardi B, Jessie Reyez, Zoey Dollaz and Cozz, with a special performance from Young California…..Connoisseur Media Connecticut launches alternative rock “Mod 102.3” on FM translator W272DO, fed by WPLR’s HD2 channel. Connoisseur Connecticut operations manager Keith Dakin is programming the station. The company says it made the decision to bring current alternative music to the signal after an extensive music study for sister stations in the New Haven market. The study showed a clear void for the format, making it a natural fit to launch “Mod” on 102.3. Station personalities include Ed Oliveira and Christian Turnquist. Tristan Haller is handling the marketing for “Mod.”
PPM Analysis: Rhythmic CHR. Managing editor Mike Kinosian presents the fourth and final analysis of radio station performances based on data from the August 2017 PPM survey from Nielsen Audio, focusing on rhythmic CHR. Kinosian reports that “only about three of every 10 rhythmic CHR panelists are up July 2017 to August 2017 (29%, 6+), while more than half (55%) are down; the remaining 16% of the sample is flat.” He adds that comparisons of August 2016 to August 2017 pretty much mirror the month to month changes; 60% of rhythmic CHR stations in the sample are down year-over-year. Entercom’s WJMH, Greensboro is the rhythmic CHR station that ranks highest in its respective market, ranking #3 in August. See the whole report here.
Eyes (and Ears!) on News/Talk Radio as Recent Ratings Trends Spur Criticism. As the September PPM data continues to roll out, industry watchers and mainstream media writers and analysts are scrutinizing talk radio’s numbers – as well as its programming. Citing a perceived slow-but-steady decline in ratings for the news/talk format in general, critics are wondering if the political “right-versus-left” programming philosophy has become tiresome to all but the staunchest news/talk radio fans and is resulting in the generally lower numbers in Nielsen Audio’s PPM and diary ratings. Some high-profile cases have been cited, including KFI, Los Angeles’ decline in 6+ PPM ratings over the past year from being one of the country’s best-performing news/talk stations in one of America’s most vibrant markets. Just today (10/2), Chicago media writer Robert Feder writes about the state of Cumulus Media’s WLS, Chicago and its declining place in the ratings race. The reasons for the states of these stations are open to analysis – including, but not limited to, the possibility that Nielsen Audio’s PPM methodology is less than perfect – and could easily vary from market to market. When talking ratings, what are usually not included in the recent criticism of news/talk as a format are: the #1 showing for Cox Media’s WSB-AM, Atlanta (which carries the oft-maligned Rush Limbaugh and Sean Hannity); Cumulus’ WMAL, Washington’s rise in the September PPM; CBS Radio’s high-flying KMOX, St. Louis; Bonneville’s steady-performing KIRO-FM, Seattle; Cox’s WOKV, Jacksonville; and the two Milwaukee news/talk outlets that have consistently performed as two of the top six stations over the last year – Clear Channel’s WISN and Journal’s WTMJ. Constant awareness and analysis of the sound and perception of one’s stations are the hallmarks of good operators and effective programmers should care about how the format is perceived. But discovering what’s “wrong” with a format or a station is not easy and not always possible given the limited information available. In the words of TALKERS publisher Michael Harrison, “The first people out there ready to proclaim news/talk radio as being dead are usually people who see the world primarily through a political lens who disagree with the ideology of the hosts they dislike. Political news/talk radio is cyclical and will always come back from the brink when there’s inevitably a new chapter in contemporary issues. Regardless, the good thing that hopefully will come out of this ratings down-tick will be some of the major operators giving consideration to different forms of talk and even news/talk that are just being ignored. There are so many potential ways of doing ‘talk radio’ it is crazy for so many stations to bunch up around one predominant style. Everyone should spread out and claim and develop new territory on the spectrum of possibilities.” This topic will be one of those addressed at the Talkers Los Angeles 2013 conference taking place next Thursday, October 10 at the Steve Allen Theater in Hollywood.
Nielsen Begins Synergies; Sean Creamer and Debra Delman to Exit Ratings Giant. Nielsen responded quickly to TALKERS last week after we reported that the “$20 million in synergies” the company hopes to realize with the acquisition of the former Arbitron would cost jobs. The company stated it had “no plans to reduce headcount at this time.” Perhaps that applies to the rank and file and not the executive strata because it’s now being reported that former Arbitron CEO Sean Creamer and CFO Debra Delman will leave Nielsen at the end of the year. Though Nielsen has not released a statement about the changes, it’s expected that other executives may also be headed for the door. Both Creamer, Delman and most of the other high-level execs who might follow the two have clauses in their contracts that will give them very nice golden parachutes. Creamer could realize almost $7 million in total compensation and Delman’s take is just shy of $2 million.
ESPN Deportes Radio Extends NFL Deal. Sports giant ESPN reports that its ESPN Deportes Radio unit has reached a new multi-year agreement for media rights to the 2013-2014 and 2014-2015 National Football League seasons. Under the agreement, the network will have exclusive Spanish-language rights to Monday Night Football, the 2013-2014 National Football Conference Playoffs, the 2014 Super Bowl, 2015 Pro Bowl and the 2014-2015 American Football Conference Playoffs. ESPN Deportes Radio general manager Oscar Ramos says, “We’re incredibly excited to add NFL to our diverse roster of programming. U.S. Hispanics are becoming avid NFL fans and this new deal allows us to deliver the content they want in the language they prefer.”
MEDIA BROKER SPOTLIGHT: Diane Warren and Jean Robinson – MMTC Media Brokers (run by Bounceology). In this week’s installment of Media Broker Spotlight, Sandi Bergman of RadioTVDeals.com interviews media brokers Diane Warren and Jean Robinson of MMTC Media Brokers (run by Bounceology) located in San Antonio, Texas. MMTC Media Brokers specializes in locating properties and selling them to potential minority, multicultural and women buyers. In addition to telling their fascinating story, they share several outstanding opportunities that they have among their listings that would be of interest to first-time buyers. To read the entire installment of Media Broker Spotlight, please click here.
CNBC’s Jim Cramer Featured on SiriusXM ‘Town Hall.’ CNBC “Mad Money” host Jim Cramer (left) recently took part in SiriusXM’s “Town Hall” series for a Q&A with SiriusXM personality Pete Dominick (right). The program will be aired on Friday, October 4 on its Indie channel. The conversation – which took place before an audience of SiriusXM listeners – covered financial markets, fiscal trends, the economic state of the nation, and the story of Cramer’s personal road from hedge fund manager to popular CNBC host. Dominick is a stand-up comedian who has opened up for Cramer on his “Mad Money Back to School Tour.”
Two Weeks in a Kennel Reaps Rewards for KIDO’s Kevin Miller. KIDO, Boise morning drive host Kevin Miller (right) is pictured here with ASPCA senior director Tami McReynolds (left) and Canyon County Animal Shelter director Barb Hutchinson (center) showing off the check for $35,000 the CCAS received after Miller helped get more than 300 animals adopted. To achieve that and win the $35,000 prize, Miller spent two weeks living in a makeshift kennel from which he broadcast his morning program. The contest is national in scope and – with Miller’s help – the CCAS is the only shelter to win the prize twice.
Government Shutdown, ObamaCare Enrollment Begins, Scrapped Hillary Clinton Programs, U.S.-Iran Relations, and Financial Markets Activity Among Top News/Talk Stories Yesterday (10/1). The battle between the GOP and the Obama Administration and the government shutdown; the enrollment period for the Affordable Care Act begins; two television projects on the life of Hillary Clinton are scrapped; possible diplomatic relations between Iran and the U.S. and the former’s nuclear program; and the effects of the government shutdown on the U.S. financial markets were some of the most-talked-about stories on news/talk radio, according to ongoing research from TALKERS.