Beasley Q1 Revenue Down 10.3% on Pro Forma Basis. The asset exchange between Beasley Broadcast Group and CBS RADIO last fall makes the financial report for the former less cut and dried, but on a pro forma basis, net revenue was down 10.3%. BBG chairman and CEO George Beasley comments, “On a reported basis, first quarter net revenue from continuing operations rose 87.2% and station operating income increased 92.3%. However, given the required accounting treatment for discontinued operations following last December’s asset exchange, the results exclude the stations we gave up in the transaction. As such, we continue to believe the pro forma presentation, which assumes the asset exchange occurred on January 1, 2014, better reflects the first quarter operating results. On a pro forma basis, first quarter net revenue decreased 10.3% while SOI declined 12.2%. The pro forma revenue decline is primarily attributable to overall market weakness in Charlotte and Tampa-St. Petersburg and softer ad sales at our Wilmington cluster during the first quarter, our reduction in spot units at the newly acquired stations and revenue in last year’s first quarter in Charlotte and Tampa-St. Petersburg related to the CBS affiliation that did not recur due to the change in ownership.” Beasley adds, “In addition to our initiatives during the quarter to extract financial and operating synergies from the asset exchange, we made further progress on debt reduction while returning capital to shareholders. During the first quarter we made credit facility repayments totaling $1.5 million, reducing borrowings to $96.2 million at March 31, 2015 and declared our sixth consecutive quarterly cash dividend.”
CBS Corp. Q1 Revenue Dips 1.9%; Radio Segment Down 7%. Radio is a very small part of the $3.5 billion that CBS Corp. billed during the first quarter of 2015. CBS includes it in the Local Broadcasting segment (along with its television O&Os) and that division’s revenue for the quarter was $596 million, down from $626 million during the same period a year ago (a decrease of 5%). But the radio portion of that sector fared a bit worse, dipping 7%. Operating income for the Local Broadcasting segment was down 10.5%.
Cooke: Moms & Media. Radio consultant Holland Cooke presents this analysis of the Edison Research “2015 Moms & Media” data from that company’s ongoing Infinite Dial project. Cooke reports that, as previous data from numerous research sources has indicated over the years, “Mom is Secretary of the (family) Treasury to-the-tune-of $1.2 TRILLION a year in the USA.” Moms are also tech savvy and their busy lifestyle welcomes new media. Some takeaways from the study include: Mom spends more time per day (3 hrs 7 min) on the Internet than the survey population in general (2:51); 84% own a smartphone (69% last year); vs. 71% total respondents; and 64% of Moms surveyed own a tablet computer (47% last year). For more data, see Cooke’s entire report here.
May’s May 11 Return. Particularly in Los Angeles – perhaps the most commuter-centric market in the country – an on-air traffic reporter can become an integral component of a morning drive ensemble. Numerous notable examples exist in the City of Angels, including Lisa May, who will join the 6:00 am – 10:00 am “Heidi & Frank Show” on Cumulus Media rocker KLOS next Monday (5/11). Program director Keith Cunningham explains, “Lisa May is not just a traffic reporter or female sidekick; she is a radio brand and she is beloved by Southern California radio listeners. She will be doing a lot more than traffic – we can’t wait to get her in the building.” May admits that, “Joining a twosome can be tricky business. Usually you have to set up some ground rules and have a ‘safe word,’ [but] not with Heidi & Frank. That is what makes hooking up with them on KLOS so exciting. There is no telling what’s going to happen.” While her traffic reports the past two-plus decades have been heard on a number of Los Angeles outlets such as KACE, KGIL, KLAC, KMPC, KNX, KPCC, KPWR, and KABC-TV, May is best known for her lengthy tenure with “Kevin & Bean” on CBS Radio alternative KROQ. Among persons 6+ in Los Angeles’ latest Nielsen Audio PPM report (March 2015), KLOS (2.0) and KROQ (2.9) rank #23 and #13, respectively; iHeartMedia CHR KIIS “Kiss-FM” (5.3) leads the market (6+) for the third successive survey (including a February tie at #1 with adult contemporary sibling KOST “Coast 103”).
Howard B. Price Named 2015 Recipient of the TALKERS Freedom of Speech Award. The editorial board of TALKERS magazine has named the ABC Television Network director of business continuity, Howard B. Price, CBCP/MBCI as this year’s recipient of the prestigious Gene Burns Memorial Award for Freedom of Speech. Price is being honored for his vigorous work and pro-active leadership in encouraging, inspiring and teaching the radio and television industries to be prepared to serve the public in times of emergency and crisis. In announcing the naming of Price the recipient of the award, TALKERS publisher Michael Harrison states, “Howard B. Price is an industry hero who inspires us to rise to our highest purpose – and that is to serve and protect the public well-being. He reminds terrestrial broadcasters that they have the potential (and are arguably obligated) to be in the same societal role as first responders such as firefighters, police, emergency medical teams and rescuers of all sorts.” Harrison adds, “As a publisher, I am deeply proud of the numerous articles he has contributed to TALKERS and RadioInfo instructing our readers how to deal with civil unrest, acts of terrorism, and natural disasters such as earthquakes, perfect storms and historic blizzards – all of which have occurred on a seemingly regular basis in recent times. His presentations in print, at conferences and numerous speaking engagements clearly show stations how to stay on the air and mobilize their resources in a positive and productive manner when the community is under siege.” Harrison concludes, “This is a bit of a departure from our usual focus in presenting an industry individual with this award designed to raise awareness of the First Amendment in action – but nothing could be more important for licensed broadcasting facilities than to be able to provide the public with vital information when needed, especially in life and death situations, thus protecting the platform’s reputation and credibility as a place to turn for truth when the chips are down.” Price is a 40-year veteran of radio, television and newspapers, he is a two-time EMMY Award winner, and a two-time recipient of The George Foster Peabody Award. He has worked domestically and internationally as a news producer, assignment editor, bureau chief, reporter and anchor, covering some of the biggest stories of our time, including the 9/11 attacks, the 2003 Northeast blackout and Superstorm Sandy. A certified business continuity professional (CBCP), Howard is charged with maintaining the operational resilience of all ABC News platforms around the globe. He also serves as an in-house consultant to the ABC Owned Television Station Group. Howard holds a bachelor’s degree in journalism from Northwestern University, and an MBA in management and marketing from New York University. A guest lecturer at the Massachusetts Institute of Technology, he has been a featured speaker at numerous professional conferences and workshops (including TALKERS), and a contributor to many trade publications. He is a member of the Disaster Recovery Institute International (DRII), the Business Continuity Institute (BCI), the Association of Contingency Planners (ACP), the Contingency Planning Exchange (CPE), the Northeast Disaster Recovery Information Exchange (NEDRIX), the Society of Professional Journalists (SPJ), the Radio Television Digital News Association (RTDNA) and the National Academy of Television Arts & Sciences (NATAS). Howard is the founder of the website, MediaDisasterPrep.com, and writes its companion blog, MediaDisasterPrep.wordpress.com. Price is fond of telling anyone who’ll listen that events are disasters only if you haven’t planned for them. He can be reached via email at Howard.B.Price@abc.com. Howard B. Price will be presented the Freedom of Speech Award at Talkers New York 2015 on Friday, June 12. For registration, hotel and sponsorship information, please call 413-565-5413.
Dave Ramsey Brings Smart Money Event to Las Vegas. The Smart Money live event from talk radio superstar and best-selling author Dave Ramsey was presented to a packed house at Canyon Ridge Christian Church last night (5/7). He discussed how to win with money, strengthen marriages and lead your children with confidence, working with local affiliate KXNT to promote the event. Financial expert and speaker Chris Hogan joined Ramsey on stage. CBS RADIO Las Vegas vice president of programming Cat Thomas says, “Dave has become a staple in growing our talk audience on the FM dial. Dave is positive, upbeat, real and listeners get that.” During the same visit to Las Vegas, Ramsey also hosted his EntreLeadership 1 Day Event on Wednesday in which he spoke about how to run a business using the same common sense principles that Ramsey practices in his own company of more than 450 team members. Pictured here are (from l-r): Carlos Diaz, co-host of “Carlos and Dayna” on KXNT; Thomas; Ramsey; Maureen Pulicella, general sales manager; and Jerry McKenna, SVP/market manager.
On the Green in Greenwood. Station owner/host Anne Eller (left) of WCRS (1450 AM), Greenwood, SC has been out on The Links at Stoney Point in Greenwood every afternoon this week, broadcasting live from the scene of the Self Regional Classic leg of the Symetra Tour, a tour for professional and amateur golfers seeking to gain their LPGA card. Eller has spent the past few days interviewing both the men and women behind the event, as well as many of the women competing for the $30,000 cash purse, the largest of the Symetra Tour. One of the golfers Eller had on the show is rookie Michelle Piyapattra (right).
TALKERS Weekly Affiliate Update. The Radio America-syndicated “Dana Show” hosted by Dana Loesch announces new affiliate stations: KSEV, Houston; KSGF-AM/FM, Springfield, Missouri; KBYR-AM, Anchorage; KGNC-AM, Amarillo; WVFT, Tallahassee; WYOO-FM, Panama City; KCNR, Redding, California; and WBLF, Johnstown-Altoona-State College, Pennsylvania.
Baltimore Unrest Aftermath Tops Talkers TenTM for Week of May 4-8. The social, legal and political ramifications of the violent protests in Baltimore were the several aspects of the most-talked-about story of the week. At #2 was the entrance of three more candidates into the 2016 presidential race. Coming in at #3 was scrutiny of the Clinton Family Foundation followed by the deadly prophet drawing contest in Garland, Texas at #4. 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. View this week’s entire chart here.