Tag: "John Catsimatidis"
TALKERS 2021 Conference Video Posted – Brian Kilmeade Keynote Address. The sixth video, under the direction of Art Vuolo, from the TALKERS 2021 Conference that took place at Hofstra University on June 11, is posted. This installment features the conference’s Keynote Address delivered by FOX News Radio/FOX News Channel talk media star Brian Kilmeade. The introduction is provided by talk show host Frank MacKay of “Long Island News Radio” WRCN-FM, Riverhead, NY. TALKERS will be posting a new video from TALKERS 2021 each business day until all 10 are archived and available for on-demand viewing.
Audacy to Hire 50-Plus Journalists as Part of Multiplatform Transformation. In a move it calls “a multiplatform transformation for its news brands,” Audacy says the transformation will allow it to “offer more original digital news content as well as in-depth reporting to complement breaking news broadcast coverage.” The company says it will launch a new centralized digital team dedicated to news and add over 50 journalists in eight of its newsrooms across the country. “This coordinated, multi-platform focus will allow the company to produce an array of fresh audio and local reporting that will be distributed across the Audacy network. The new resources will enable the creation of original podcasts and other specialty digital content that will add to the body of trusted local reporting that Audacy news and news/talk brands deliver to millions of listeners daily.” Audacy EVP of programming Jeff Sottolano comments, “The past year has underscored the crucial role of journalism and the demand for trusted quality content has never been higher. Audacy’s local news brands have been delivering on-demand news and information for decades and are now poised to build on that foundation. While other news organizations are downsizing, this further investment will allow us to leverage the credibility of our news brands to expand our reach and engagement while continuing to deliver the premier coverage our audience is accustomed to and relies on.” The company adds that the multiplatform transformation will also see the launch of original longform podcasts from local news brands; an original national weekly podcast that highlights the most pressing story of the week and draws on reporting and interview content from across the Audacy network of news brands; daily in-depth podcasts and on-demand audio that explore local stories and issues that most affect listeners’ lives; as well as custom newsletters and in-app experiences that offer audiences a chance to explore areas of interest and interact directly with Audacy brands.
Dom Giordano Moves to Rush’s Old Slot on WPHT, Philadelphia. The Philadelphia Business Journal (7/6) reports Audacy has made a major move to turn WPHT’s 12:00 noon to 3:00 pm slot, held for years by Rush Limbaugh, into a local program showcasing the talents of market mainstay Dom Giordano. Thirty-year veteran of the Philly airwaves, Giordano, is rightly considered by many to be “the dean of Philadelphia talk radio.” A former high-profile schoolteacher, he is one of American news/talk radio’s leading advocates for education reform, not to mention a household name in the City of Brotherly Love where he is plugged-in to the full spectrum of local issues. (He’s also quite astute about national issues as evidenced by his being the longtime go-to guy to sit in for Jim Bohannon on that legend’s Westwood One show.) Giordano moves to his new noon start from WPHT’s 9:00 am to 12:00 noon slot. Morning host Rich Zeoli has taken over an extra hour until 10:00 am and WPHT has been utilizing the services of several locally known talents in the still open 10:00 am to 12:00 noon position.
WABC, New York Brings Constantine Maroulis Aboard for Dual Role. Tony-nominated Broadway singer and actor Constantine Maroulis is joining Red Apple Media’s WABC, New York to launch a new variety entertainment program called “The Constantine Maroulis Show – Cuz Saturday Night Rocks!” and airs Saturdays from 5:00 pm to 6:00 pm beginning this Saturday (7/10). Additionally, Maroulis will serve as 77 WABC Radio’s entertainment reporter. Maroulis was a finalist on the fourth season of “American Idol.” He’s worked on Broadway and was twice nominated for Tony Awards – one for his leading role in Rock of Ages. His new program will feature music from the ‘70s, ‘80s, and ‘90s plus interviews with some of the most noteworthy musicians, artists, and influencers. He says, “I will be bringing the high energy and music that fans enjoyed from my ‘American Idol’ performances and starring roles on Broadway. What will be new for fans are my interviews. I look forward to having artists on my show and sharing behind the scenes stories with the audience while I spin amazing songs.” On Mondays and Fridays, Maroulis’ entertainment reports will be heard on “Bernie & Sid In The Morning,” and on Fridays, Saturdays, and Sundays, he will deliver a weekend-focused segment titled, “Pop Rocks 60.” Red Apple Media CEO John Catsimatidis says, “Constantine is an immense talent both as a performer and storyteller. 77 WABC has worked with him on several specials and charity events, so we are sure ‘The Constantine Maroulis Show — Cuz Saturday Night Rocks!’ will be a homerun with audiences in New York and around the world. We look forward to sharing this new show and his other contributions to our schedule all week long.”
News/Talk WINC-AM, Winchester, Virginia Changing Hands and Calls. According to a report in Northern Virginia Daily, heritage Winchester, Virginia radio station WINC-AM is in the process of being sold to by Centennial Broadcasting II to Colonial Radio Group for $25,000. The station is operating under new call letters WZFC. It will continue to operate as a news/talk outlet. Centennial previously sold WINC-FM, Berryville and WZFC-FM to Metro Radio and Centennial president and CEO Allen Shaw tells the paper it offered WINC-AM to Metro Radio for free as part of the deal, but that Metro didn’t want it. Shaw says Colonial managing member Todd Bartley has what it takes to make the standalone AM work. “He’s very dynamic and very smart. He believes in local programming and community involvement.” The report goes on to say that “the sale of Centennial’s Winchester-area stations doesn’t include the building on North Pleasant Valley Road that houses their operations. Centennial is allowing Colonial and Metro Radio to occupy the building temporarily. Both companies are seeking new locations for the stations, and Centennial is discussing with real estate brokers possibilities for the approximately 7,000-square-foot building,” according to Shaw. “Those possibilities include demolition, he said, if the building can’t be sold and redeveloped eventually. WINC-AM’s tower on the property will be taken down at some point.”
TALKERS News Notes. Tomorrow (7/8), the Key Networks nationally syndicated program “The O’Reilly Update” – starring Bill O’Reilly – will feature an interview with former President Donald Trump. O’Reilly says Trump will appear in the “Message of the Day” segment. “The 45th President of the United States will have the opportunity to comment on rising gas prices, rising violent crime, and a disintegrating southern border.”…..In the wake of recent attacks on journalists, National Association of Broadcasters president and CEO Gordon Smith issues the following statement: “NAB is gravely concerned by recent incidents of violence directed against broadcast journalists who are covering local news. A cornerstone of American democracy is the right of the free press to document the stories and events shaping our communities and our nation. Journalists should be afforded the respect to safely provide this valuable service to the community without fear of violence, intimidation or harassment.”…..PodcastOne signs a multi-year partnership with Empire Media Group chairman and CEO Dylan Howard to produce a slate of original scripted and non-scripted podcast and vodcast series. Some of the shows that have been green-lighted include: “The Firm: Blood, Lies & Royal Succession,” a multi-part historical non-scripted drama looking at the British royal family; “My Favorite Scandal,” a weekly series where nothing is NSFW when you work at one of the nation’s leading tabloid magazines; and “You’re Fired,” a weekly series, in which you find out what really happens when the axe falls in the media, Hollywood, politics, television, or off-stage? PodcastOne president Kit Gray says, “PodcastOne is thrilled to build our relationship with the Empire Media Group team on their upcoming podcasts. Dylan Howard and Melissa Cronin have a proven track record of success in the space, and we are proud to join forces on their exciting new slate of shows.”…..iHeartMedia announces four new shows launching this month from My Cultura, its new podcast network dedicated to elevating Latinx voices and creators, while also sharing the Latinx experience with millions of listeners. The network’s initial lineup will include: “Essential Voices with Wilmer Valderrama,” “Exactly Amara,” “Transportista” (published in both English and Spanish) and “Life As a Gringo.” iHeartMedia says, “With a driven commitment to the creation of a platform that helps amplify the Latinx community, Coca-Cola, State Farm and Walgreens will be My Cultura’s inaugural sponsors, building connectivity amongst this growing audience.”…..The Nebraska Broadcasters Association announces this year’s inductees into its NBA Hall of Fame, and this year’s class includes longtime morning personalities Todd Brandt and Mike Tyler, a.k.a. Todd-N-Tyler. The nationally syndicated duo are based at SummitMedia’s rock KEZO, Omaha.
COVID-19 Delta Variant, Soaring Big City Crime and Gun Violence, House January 6 Investigation, Infrastructure Bill, Critical Race Theory, U.S. Withdrawal from Afghanistan, and Tropical Storm Elsa Among Top News/Talk Stories Yesterday (7/6). Concerns about the COVID-19 Delta variant spreading through the U.S. and the low rate of vaccination in some parts of the country; the skyrocketing rate of violence and gun crimes in America’s big cities; House Minority Leader Kevin McCarthy to appoint Republicans to sit on House January 6 investigation panel; the status of President Joe Biden’s $970 billion infrastructure package; the war of words over the issue of teaching “critical race theory”; the U.S. withdrawal from Afghanistan; and Tropical Storm Elsa to hit Florida among top news/talk stories yesterday, according to ongoing research from TALKERS magazine.
NOW POSTED: This Weekend’s Installment of “The Michael Harrison Wrap: An Overview of the National Conversation.” The latest installment of the 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. This new episode titled, “If I Had a Hammer,” looks back at this past week of April 5-9. The program features guests (in order of appearance): Kevin Casey, executive editor, TALKERS magazine; Erick Erickson, talk show host, WSB, Atlanta; Frank Morano, talk show host, WABC, New York; Gene “Bean” Baxter, talk show host, Podcast Radio, UK; Jim Blasingame, talk show host, Small Business Advocate; Noel Paul Stookey, musician / activist, Peter, Paul and Mary; Victoria Jones, executive director, DC Radio Company. The 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 WTIC, Hartford; KSCO, Santa Cruz, CA; KDFD, Denver; KFNX, Phoenix; WVLY, Wheeling, WV; WTRW-FM, Scranton/Wilkes Barre, PA; WVOX, Westchester, NY; KBDT, Dallas; KQSP, Minneapolis; KBKW, Aberdeen, WA; WGDJ, Albany, NY; WJFN-FM, Richmond, VA; WZFG, Fargo; KTGO, Tioga, ND; KWAM, Memphis; K-NEWS, San Luis Obispo; WGMD, Rehoboth Beach, DE; WCHM, Clarkesville, GA; WPHM, Port Huron, MI; KSYL, Alexandria, LA; KTOE, Mankato, MN; WCED, DuBois, PA; K-NEWS 101.3, Owensboro, KY; WWTK, Sebring, FL; WSAR-AM/FM, Fall River, MA; WIZM-AM/FM, La Crosse, WI; WMVA, Martinsville, VA; the Virginia Talk Radio Network; CRN Digital Talk Radio Network; the iHeart Podcast Network; Pioneer Valley Radio, Springfield, MA; Podcast Radio, UK and many more. To listen to this week’s episode, 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.
Salem Radio Network Host Charlie Kirk Joins WABC, New York for Early Afternoon Hour. Nationally syndicated Salem Radio Network talk show host Charlie Kirk is taking over the 12:00 noon to 1:00 pm hour at Red Apple Media’s legendary WABC, New York on Monday (4/12). Kirk is founder of Turning Point USA, a best-selling author, and host of a popular podcast who joined Salem Radio Network in October of 2020. He says, “I am thrilled and honored to take the same time and station where my friend and American hero Rush Limbaugh launched his national radio show in 1988. I am so impressed with what John Catsimatidis has done since he bought this great station and will commit to doing my part to keep this as one of the top talk stations in America.” Catsimatidis says, “Charlie Kirk has proven to be one of the bright lights of the conservative movement. He’s young, energetic, articulate, and proving to be a great radio talent.” Salem Radio Network SVP of spoken word Phil Boyce comments, “I was fortunate to be the PD at WABC for 14 years. I am thrilled to see WABC once again affirm its status as one of the truly iconic talk stations in the nation, and so blessed to be able to add our newest star Charlie Kirk to their all-star lineup.”
Radio America’s Dana Loesch Featured in The Hill Piece. Nationally syndicated talk radio host Dana Loesch is featured in a story by Thomas Moore in The Hill. The piece, titled, “Dana Loesch has Limbaugh-like aspirations for conservative talk,” explores Loesch’s move to add new affiliate stations in the aftermath of the death of former fellow midday talk host Rush Limbaugh. Loesch is quick to say Limbaugh was a pioneer whose importance to modern talk radio can’t be underestimated and says the idea of being his “heir” is “crazy.” But Radio America and Loesch herself are aggressively working to gain new affiliate stations during this period when news/talk stations that carry “The Rush Limbaugh Show” are examining their options. She tells The Hill her “happy warrior” approach makes her different than her competition. “I don’t like the nonstop, let’s be angry 24-7. And I just don’t even know how that can be maintained, nor do I have any interest in doing that kind of radio. We have fun. And I think that that shows.” Read the piece here.
La Crosse Sports Radio Voice Mike Kearns Passes. La Crosse, Wisconsin television station WXOW reports that longtime La Crosse sports media personality Mike Kearns passed away recently. Kearns worked his entire radio career at Midwest Family Broadcasting’s WKTY Radio doing play-by-play for high school and college football and basketball games. Kearns also hosted “The Lead Balloon Show” weekday mornings from 1981 until his retirement in 2016. Kearns assumed hosting duties for that show from his father Charlie who launched the program in 1948. It’s estimated that between Mike and his father, they called more than 1,200 football and 6,000 basketball games for WKTY over a 68-year period. Kearns, along with his father, was inducted into the Wisconsin Broadcasters Association Hall of Fame in 2009.
Longtime KFGO, Fargo Personality Tom Wynn Dies at 83. Fargo news/talk station KFGO reports that former morning drive host Tom Wynn has died at age 83. Wynn, who served with the station for 37 years after arriving in Fargo from Lansing, Michigan in 1979, retired from the station in 2017. Wynn hosted “Tom Wynn and Friends” from 5:00 am to 8:00 am with Bonnie Amistadi and Doug Leier until his retirement. Prior to that, he partnered with the late Larry Ristvedt for “Tom and Larry in the Morning.” No cause of death was included in the report.
PodcastOne Content Available on Samsung Free. As the result of an agreement between LiveXLive Media’s PodcastOne and Samsung, all PodcastOne content will be available for the first time ever via the Listen tab within Samsung Free on compatible Galaxy S21, Galaxy S20, Galaxy Note20, Galaxy S10 and Galaxy Note10 series devices. PodcastOne president Kit Gray says, “PodcastOne strives to make our content some of the most easily accessed content in the podcasting genre. Listening to your favorite hosts and shows shouldn’t be more than a one-tap process and our agreement with Samsung brings fluid accessibility to podcast fans in a new way.”
COVID-19 Vaccines, Variants and Stats Top News/Talk Story This Week. The number of positive COVID-19 cases in the U.S., the rollout of vaccines, and the status of variants combined as the most-talked-about story on news/talk radio this week and landing atop the Talkers TenTM. At #2 this week was the Derek Chauvin trial and the related issues of race relations and police reform. Following at #3 was gun violence and President Biden’s gun control measures. 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. See this week’s complete chart here.
Monday Memo: Copy Worth Copying. “Make commercial copy you craft for local advertisers THIS crisp,” and, consultant Holland Cooke says, “you will make money.” In this week’s column, he rips-off…er, “compiles” examples. Read it here.
Pending Business: Checking In. Sales and marketing pro Steve Lapa says that you’re more likely get a renewal from that advertiser if you check in regularly instead of adopting the “no-news-is-good-news” approach to gauging a campaign’s effectiveness. “Great sellers are like commercial airline pilots, or cruise ship captains. Everyone is prepared with specific goals, timelines, and once the journey (schedule) begins, ready to control the mission.” Read his column here.
The ‘Todd Starnes Podcast’ Joins Salem Podcast Network. Beginning April 5, the “Todd Starnes Podcast” joins the Salem Podcast Network. Salem Media Group SVP of spoken word Phil Boyce says, “SPN is delighted to join in this partnership with Todd Starnes, one of the leading voices in conservative America. His courage in saying what needs to be said is unmatched. His knowledge and ability to explain what is really going on is his forte.” With this deal, the Salem Podcast Network assumes distribution, marketing, and sales representation duties for the “Todd Starnes Podcast.” Starnes also hosts a daily, syndicated radio program and he previously spent more than a decade at the FOX News Channel, hosting a daily radio program on the FOX Radio Network. He comments, “Salem is known for its cutting-edge platforms and excellence-driven programming. I’m honored to join such a well-respected industry leader like the Salem Podcast Network.”
WJR-AM, Detroit Takes Station of the Year Honor. Detroit news/talk WJR-AM is named “Commercial Radio Station of the Year” by the Michigan Association of Broadcasters for the 17th time since 2000. The Cumulus Media station also received 17 other awards, including eight “Merit Awards,” as well as nine “Best Awards.” Some of the “Best Awards” include: Regularly Scheduled Broadcast Personality/Team – “The Guy Gordon Show”; Sports – “Lions Pregame: Around the League”; Special Show Broadcast Personality/Team – “War of the Worlds” live stream event; and Continuing News Coverage – COVID-19 Replay.
iHeartMedia Names Barbara Latham Area President for Central Florida. Sales and management pro Barbara Latham is promoted to area president for iHeartMedia Central Florida in which she’ll oversee the Orlando and Melbourne markets that include talk WTKS-FM “Real Radio 104.1,” news/talk WFLF “WFLA,” sports talk WYGM “FM 96.9 The Game,” plus 10 music brands. She’s most recently been serving the Orlando cluster as SVP of sales. Latham reports to division president Linda Byrd, who says, “I am thrilled to be able to promote Barb to this position. We’ve worked together for 36 years and in many different capacities. She is one of the brightest and most competitive employees I know. Barb has always been a winner, and to her, there is no other option. No one deserves this opportunity more, and it makes me happy to put this team, that I’ve managed for the last 21 years in her capable hands.”
WABC, New York Recognizes Greek Independence Day. Pictured above (from l-r) are Chad Lopez, president of Red Apple Media and 77 WABC; Margo and John Catsimatidis, owners of Red Apple Media and 77 WABC, and Renee Cassis, owner of RC Communications Marketing on March 25 as the radio station hosted a celebration for the 200th anniversary of Greek Independence Day. The event was held in WABC’s event space, Studio 77. During his opening remarks, John Catsimatidis noted the diversity of America and stated that the celebration was for every ethnicity and race.
Josh Innes Returns to iHeartMedia as Morning Host at WNRQ-FM, Nashville. Sports radio talk host Josh Innes is joining iHeartMedia’s Nashville classic rock WNRQ-FM “105.9 The Rock” as morning drive host, effective April 5. The station says “The Josh Innes Show” will be a Nashville-focused blend of classic rock, news, sports and commentary and will broadcast weekday mornings from 6:00 am to 10:00 am. WNRQ program director Jonathan Shuford says, “Josh is wildly talented as a personality, idea generator, and storyteller. He’s unconventional, creative, and exceptionally compelling. We’re beyond excited to welcome him to Nashville and foster in the next great classic rock morning show!” Innes was most recently afternoon host on Gow Media’s sports talk KFNC-FM, Houston. He’s also served with iHeartMedia’s sports talk KBME-AM, Houston, and Entercom’s WIP-FM, Philadelphia. He hosts “The Josh Innes Show” podcast live on Twitch and heard on iHeartRadio.
iHeartMedia Issues Statement on FCC Ruling. The company’s statement issued on Friday (3/26) is in regard to the approval of its pending applications to acquire certain radio stations, and the temporary shareholder restrictions required by the FCC to be imposed upon Global Media & Entertainment Investments Ltd. The company says, “iHeartMedia values its shareholder relationships and we welcome all new shareholders to iHeartMedia. However, because GMEI is a foreign shareholder, its recent investment was inconsistent with the FCC’s foreign ownership rules and created an operating issue for us under the FCC’s regulatory framework. As background, GMEI’s purchase of an 8.7% position in our Class A Common stock, as reported in its Schedule 13D filed with the Securities and Exchange Commission on February 5, 2021, caused a violation of the FCC’s foreign ownership regulations and the FCC’s November 5, 2020 declaratory ruling related to the company’s foreign ownership, both of which limit a foreign investor in GMEI’s position to 5% without prior FCC approval. To address this issue, over which iHeartMedia had no prior knowledge or control, we filed a remedial petition for declaratory ruling requesting FCC approval for GMEI to have the ability to increase its ownership to up to 9.99%. Notwithstanding the GMEI investment, the FCC has approved iHeartMedia’s acquisitions of certain stations, including stations for BIN: Black Information Network. However, the FCC has required that the company impose temporary shareholder restrictions on GMEI as a condition of approving those radio station acquisitions. To comply with the FCC order, iHeartMedia’s Board of Directors resolved to take action consistent with the FCC’s conditional requirements. These actions include imposing temporary voting and other shareholder restrictions on GMEI which will apply during the pendency of the Petition. iHeartMedia respects the FCC process and will, as a matter of consistent policy, ensure the company’s compliance with the FCC’s foreign ownership and other regulations.”
COVID-19 Stats & Vaccines, CNN’s COVID War Special/WHO Origin Report, Suez Ship Jam, Border Crisis-Immigration Policy, Hedge Fund Failure-Financial Markets, Chauvin Trial, U.S. Afghanistan Operations, and Nashville Floods Among Top News/Talk Stories Over the Weekend. The number of COVID-19 cases in the U.S., rising cases in some states, and the rollout of vaccines; CNN’s Sunday special featuring the six doctors leading the U.S. COVID program and the WHO’s report concluding the coronavirus likely came from an animal at a Chinese wildlife market; the status of the container ship blocking the Suez canal and its effect on the global economy; the crisis of unaccompanied children at the U.S.-Mexico border and the Biden administration’s immigration policy; the failure of a major hedge fund causes problems for Credit Suisse and Nomura that could reverberate through the global economy; today’s beginning of the trial of former Minneapolis police officer Derek Chauvin; the United States’ Afghanistan operations and the Doha agreement that calls for U.S. troop removal by May 1; and the historic floods in Nashville and Middle Tennessee were some of the most-talked-about stories on news/talk radio over the weekend, according to ongoing research from TALKERS magazine.
Entercom Renews with Bloomberg News for Service to All-News and News/Talk Stations. The extension of this companywide deal between syndicator Key Networks, business news provider Bloomberg Radio and Entercom Communications keeps Bloomberg Radio’s business and consumer news on the majority of Entercom’s 26 all-news and news/talk stations, including 1010 WINS in New York, KNX-AM in Los Angeles, WBBM Newsradio in Chicago, and more. Under the new agreement, Bloomberg Radio will continue to provide Entercom stations with access to its world-class news content, including live, customized reports, “Bloomberg Money Minutes,” and Bloomberg specialty features including: “Bloomberg Business of Sports,” “Green Report,” “Small Business Report,” “Real Estate Report,” and more. Entercom vice president of news Bill Smee says, “As the unrivaled leader in local news radio, powered by some of the most iconic brands across the country, we’re proud to extend our partnership with Bloomberg Radio. Our news stations are committed to serving as a trusted source of vital information for our millions of listeners, and this partnership will continue to enhance the content they turn to on a daily basis.” Key Networks chief revenue officer Dennis Green adds, “It is a privilege to bring the most in-depth business and financial news reports to Entercom stations that are best in class from coast to coast. This partnership brings Bloomberg-created content to listeners and advertisers and we look forward to building on this successful partnership with Entercom.”
Townsquare Media Repurchases Oaktree Capital Management’s Stake in Company. Spending $80.4 million in cash, Townsquare Media, Inc repurchases the entirety of Oaktree Capital Management L.P.’s 12.6 million shares and warrants of the company at $6.40 per security and retires those securities. Townsquare repurchases 100% of Oaktree’s 12.6 million shares and warrants, comprising 1.6 million shares of Class A common stock, 2.2 million shares of Class B common stock, and 8.8 million warrants. The purchase price of $6.40 per security reflects a 39% discount to the closing price of the Class A common stock on Tuesday, March 9, 2021, and a 19% discount to the pre-announcement share price. In addition, Townsquare will pay Oaktree a $4.5 million consent fee related to the transaction in four installments, the first of which is due on April 1, 2021. Following the repurchase, Townsquare has approximately 16 million securities outstanding, inclusive of common stock and warrants. Townsquare CEO Bill Wilson says, “We could not be more pleased to share that given our strong cash position, we were able to repurchase 100% of Oaktree’s ownership interests in Townsquare, capturing a strong return for our shareholders. This is a beneficial transaction for our investors and the company. The Oaktree share repurchase is significantly accretive on an earnings per share and free cash flow per share basis in 2021, and entirely eliminates Oaktree’s ownership overhang for current and potential shareholders. We thank Oaktree for their long-term support of our company. We look forward to discussing our fourth quarter and year-end 2020 results as well as our first quarter 2021 outlook on our earnings call next week.”
Appleton Rock Station Fires Host for Limbaugh Comments. Rock WAPL-FM, Appleton, Wisconsin has fired longtime morning drive co-host Len Nelson, two weeks after it suspended him for a social media post in which, after opining about Rush Limbaugh’s effect on conservative politics, he closed with the statement “the world is a better place without Rush Limbaugh.” Nelson announced his dismissal with the following Facebook post: “My longtime WAPL radio partner, Rick McNeal, posted some nice words which I’m sharing here regarding my firing today and about our years together. I could not have asked for a better person, nor one more funny than he to have worked with. I am sad that it ends this way and that it puts so much pressure on Rick and the rest of my coworkers. But Rick is resilient, and our fans should rally to him as so many of you have rallied to me. Like I said in my previous post here, none of the air and sales staffs should be blamed for any of this. I put them in this situation, and I will regret that forever. As listeners and advertisers, you can make your own decisions but, in the end, WAPL and Woodward Radio Group are made up of lots of fine people with whom I shared decades of fun and profit. That hasn’t changed. Give them the respect they deserve and give Rick and Carol and whomever else will comprise the new morning crew a chance to entertain you and to serve you as clients. I know Rick is up to the challenge as is the rest of the WAPL team. Very little individual success ever happens without a team effort and I was fortunate to have a great team on which to play. I sincerely thank each of them for that.”
WABC, New York Officially Announces Greg Kelly Joins Station. In a move that was first revealed in the New York Post, Red Apple Media’s news/talk WABC, New York brings Greg Kelly aboard to host the station’s 1:00 pm to 3:00 pm program. Kelly is also host of the 7:00 pm ET “Greg Kelly Reports” program on Newsmax TV. Kelly is a former U.S. Marine who has served with television outlets NY1 and WNYW-TV “Fox 5 News” in New York. Red Apple Media CEO John Catsimatidis says, “Greg Kelly is a broadcast veteran with a tremendous portfolio of experience in media. He is dynamic on the air, entertaining, and will bring listeners what they want to hear in a style that is uniquely his own. Greg Kelly is a terrific addition to our daytime radio programming and will bring along with him a loyal audience who appreciates his perspective on the political current events. We are happy to have him aboard.” Kelly is filling in for Curtis Sliwa, who is running for mayor of New York. Regarding Sliwa’s status with WABC, the station previously said, “77 WABC celebrates what is great about America. We support our democracy and our right to vote, fair elections, and the American process. It is with that in mind that, while Curtis Sliwa is a candidate for the Office of the Mayor of New York City, his radio show, podcast, and all related contributions to 77 WABC Radio are on hiatus.” Catsimatidis added, “WABC recently received notice that a longtime member of our WABC family, Curtis Sliwa, is officially running for mayor. Therefore, Curtis is currently on leave pending his mayoral bid. We wish him and all of the candidates good luck in the upcoming race. If Curtis is not successful, we look forward to him rejoining the WABC family.”
Entercom Announces Acquisition of Podcorn. This transaction puts the value of Podcorn at $22.5 million with an upfront cash payment of $14.6 million and a performance-based earnout over the next three years. Podcorn is a self-service marketplace that allows podcasters to connect with advertisers for native sponsorships. Entercom chairman, president, and CEO David Field says, “The acquisition of Podcorn expands Entercom’s product offering for advertisers and builds on our position as one of the country’s three largest podcast publishers and the #1 creator of original, premium audio content. By making it easier for brands to collaborate with targeted podcast creators of all sizes, we are addressing an important market opportunity in the fastest growing segment of media.” Podcorn’s marketplace includes nearly 40,000 creators and has facilitated thousands of podcast ad campaigns. Podcorn creates an infrastructure for enabling direct podcaster and advertiser relationships, surfacing the most relevant matches to scale native branded content, drive higher ROI for brands, and enhance how podcast creators monetize their content. Podcorn was founded by Agnes Kozera and David Kierzkowski following the successful acquisition by Google of their previous company FameBit, a marketplace for video influencers where brands and YouTube stars collaborated for branded content. Kozera and Kierzkowski will continue to lead Podcorn, joining Entercom’s leadership team. Kozera says, “Given the success that podcasters and brands have seen on Podcorn, we’re excited to join Entercom’s growing audio platform to accelerate our vision and help brands and podcasters succeed in an even bigger way. Together, we hope to provide the most effective podcast influencer marketing solution for brands and become the largest driver of brand deals for podcasters of all sizes.” Entercom chief digital officer J.D. Crowley adds, “Remarkably, only a fraction of podcasts generate revenue. We want to change that. Bringing together independent creators, chart-topping talent, and advertisers under one roof – and providing the tools to streamline collaboration, transparency and efficiency – provides greater value for advertisers, creators and listeners alike.”
TALKERS News Notes. The nationally syndicated “John Batchelor Show,” emanating from Red Apple Media’s WABC, New York, leaves Westwood One and is now being syndicated by CBS News. There’s not much information available as this was done quietly, but Batchelor affiliate stations tell TALKERS magazine the change happened earlier this week…..Twin Cities radio personality, sports writer and producer Dana Wessel is joining Cumulus Media’s active rock KXXR “93X” as executive producer of the “Half-Assed Morning Show.” Wessel previously served with iHeartMedia’s sports talk KXFN-FM “K-FAN,” and Hubbard Radio’s KSTP-AM…..SiriusXM announces that “Information Overload with Vernon Reid” launches on Friday (3/12) on the Volume channel. On the monthly program, musician and Living Colour guitarist Reid sits down with artists, authors, and celebrities to explore how the power of music can help in healing and creating change. Reid will explore topics from racism and social unrest to cultural moments and the onslaught of information and misinformation in social media.
COVID-19 Stats & Vaccines, Relaxed Mandates & School Openings, Stimulus Package, Andrew Cuomo Sexual Harassment Allegations, U.S. Border Chaos, Newsom Recall, and British Royals Interview Aftermath Among Top News/Talk Stories Yesterday (3/9). The number of positive COVID cases in the U.S., concerns about variants, and the rollout of vaccines; the several states relaxing mask and occupancy mandates and the push for full school openings; Joe Biden’s $1.9 trillion stimulus package goes back to the House; the growing number of allegations of sexual harassment against New York Governor Andrew Cuomo; the growing migrant chaos at the U.S.-Mexico border; the recall effort against California Governor Gavin Newsom; and the aftermath of Prince Harry and Duchess Meghan’s interview with Oprah were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.