iHeartMedia Bankruptcy Filing Likely This Weekend. That’s what industry and financial business watchers are saying as the grace period on iHeartMedia’s February 1 non-payment of $103 million in interest runs out. For example, Bloomberg’s Emma Orr says that advisers working with iHeartMedia senior creditors have been made privy to bankruptcy papers designed for the first day of bankruptcy court proceedings. Orr writes, “Despite a year of negotiations on a restructuring plan, a formal support agreement still isn’t in place with the most-senior lenders, and the creditors aren’t in restricted talks with the company…Creditors typically agree to restrict some of their activities in exchange for non-public information when talks heat up.” iHeartMedia and senior creditors have been unable – so it seems at this late hour – to come to terms on a pre-packaged bankruptcy plan making it likely that a Chapter 11 bankruptcy will take place that could, in Orr’s words, “turn into a free-fall, with some of the biggest and most contentious specialists in distressed companies potentially tussling for years over about $20 billion of debt.”
Entercom Flips CHR KEGY, San Diego Hot Talk/Sports Hybrid. Or so it would seem as Entercom dropped the CHR format on KEGY, San Diego yesterday afternoon at 2:00 pm and began stunting with rock songs. A website for the station indicates it’s being branded “97.3 The Machine, Talk That Rocks” and displays a program schedule that includes the KISW, Seattle-based afternoon drive show “The Men’s Room” (Miles Montgomery, Steve The Thrill Hill, Mike Hawk, and Thee Ted Smith) in both morning drive and afternoon drive. Sandwiched between in middays is former crosstown sports XEPRS morning host Dan Sileo. The site lists “music & comedy” to air from 7:00 pm to 12:00 midnight. Though the site doesn’t mention San Diego Padres baseball, a previous presser from the MLB club indicated games would air on 97.3 FM this season. A number of industry watchers – including TALKERS magazine – expected the station to flip to sports talk. Time will tell if this stunting is a bit of misdirection or if Entercom is really going go with a hot talk/sports hybrid. Stay tuned!
PPM Analysis: News/Talk. TALKERS managing editor Mike Kinosian presents a look at the performances of radio stations based on data from the January 2018 PPM survey from Nielsen Audio, today focusing on news/talk. Historically, the format experiences a ratings dip during the Holiday survey period and rebounds in January and things are no different this year. Kinosian writes that “more than eight of 10 of these news/talk panelists are up between Holiday 2017 – January 2018 (82%, 6+), while only one in 10 (10%) of the qualifiers listed here are down; the remaining 8% are flat.” But, comparing January 2017 to January 2018, “roughly three of every five stations on our news/talk sample register a year-to-year decrease (61%, 6+), while approximately one in three (32%) improve; the remaining 7% are unchanged.” Two talk stations managed to rank #1 in their respective markets in the January survey – Cox Media Group’s WSB-AM/WSBB-FM, Atlanta and Townsquare Media’s WKXW, Trenton “New Jersey 101.5.” Twelve other news/talk outlets ranked in the top five in their respective markets. See Kinosian’s entire report here.
Gun Control Debate Top News/Talk Story for Week of February 26 – March 2. The debate over gun control in the aftermath of the Parkland, Florida school shooting and the related televised White House meeting in which President Trump favored raising the minimum age for gun ownership was the most-talked-about story on news/talk radio during the week. At #2 was the resignation of White House communications director Hope Hicks the day after her testimony before the House Intelligence Committee. Coming in at #3 was Trump’s public criticism of Attorney General Jeff Sessions over the FISA abuse allegations, followed by the Trump-Russia probe at #4. The Talkers TenTM is a weekly chart of the top stories and people discussed on news/talk radio 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.
USA Radio Network Refutes Industry Scuttlebutt. The radio syndication firm says rumors that it is canceling its “Daybreak USA” morning talk program are untrue. USA Radio Network says the show is continuing with new hosts RoddWilliam Stowell and his wife Rachael Marie. Company general manager Janet Bro states, “There are always rumors in this industry, but this one is unfounded and obviously unconfirmed with USA Radio Network. We have made several changes in other shows and will soon be adding other programming opportunities for you. Canceling Daybreak is not even a consideration.”
TALKERS News Notes. Chicago sports talker WMVP “ESPN Chicago 1000” is adding ESPN Radio’s “Dan LeBatard Show with Stugotz” to air in the 10:00 pm to 12:00 midnight slot, beginning Monday (3/5)…..CBS News Radio’s “WORLD NEWS ROUNDUP” celebrates 80 years on the air on March 13. CBS notes that the program is America’s longest-running newscast program. On March 13, special programming “will explore the first broadcast in 1938, its significance to the history of radio at the time, and how the ‘WORLD NEWS ROUNDUP’ has evolved to remain relevant today.” CBS News Radio general manager Craig Swagler says, “People have lots of choices for news, so achieving 80 years on the air is an incredible landmark. We are proud that millions of Americans rely on the reporting of CBS News every day.”…..SiriusXM is launching two news sports talk channels on Monday (3/5), one each dedicated to a college sports conference. SiriusXM ACC Radio will super-serve fans of the Atlantic Coast Conference with programming including “ACC This Morning,” hosted by Mark Packer and Wes Durham. The afternoon “ACC Today” show is hosted by Chris Spatola and Jac Collinsworth. The SiriusXM Pac-12 channel focuses on Pac-12 Conference sports, including a morning drive show hosted by Guy Haberman and former Washington State quarterback and Pac-12 Player of the Year Ryan Leaf. The afternoon “Pac-12 Today” is being hosted by Kate Scott, Utah alum Sean O’Connell, and former Oregon lineman Geoff Schwartz.
Christopher Nixon Cox Is This Week’s Guest on Harrison Podcast. He is the son of Tricia Nixon Cox and New York State Republican Party chairman Edward F. Cox and the grandson of the 37th President of the United States, Richard M. Nixon and First Lady Pat Nixon. Attorney, international businessman, and GOP strategist, Christopher Nixon Cox is this week’s guest on the award-winning PodcastOne series, “The Michael Harrison Interview.” Harrison and Cox discuss the state of politics in America, the first year of the Donald Trump presidency, his memories of growing up in a major American political family, and his involvement in talk radio in the US and abroad. Harrison describes Cox, who served as New York State executive director of U.S. Senator John McCain‘s 2008 presidential campaign and is a former congressional candidate as “a bright and articulate young man with an extraordinarily colorful past and an extremely bright future.” Don’t miss this! To listen to the podcast in its entirety, please click here or click on “The Michael Harrison Interview” player box located in the right-hand column on every page of Talkers.com.
Hillsdale College Students Reported from CPAC. At last week’s Conservative Political Action Conference in Maryland, students from Hillsdale College conducted more than 50 interviews over two days. WRFH, Hillsdale “Radio Free Hillsdale” general manager Scot Bertram guided students Ben Dietderich, Shad Strehle, and Ryan Murphy through interviews with an array of personalities, from conservative thinkers to celebrities to college alumni. This was the first time the college hosted a booth on CPAC’s media row. Above left is Strehle interviewing former UK Independence Party leader Nigel Farage and at right, Murphy files a video report.
Music Radio News and Career Moves. In Seattle, Entercom names Emily Raines co-host of the morning show on country KKWF “100.7 The Wolf.” Raines joins “The Morning Wolfpack with Matt McAllister” on Monday (3/5). Entercom Seattle SVP and market manager Jack Hutchison says, “We are excited to welcome Emily to our ‘Morning Wolfpack’ show alongside Matt McAllister. She is a very talented personality, compelling storyteller and has a competitive spirit that understands what it takes to play at the highest level of major market radio.”…..Chicago media maven Robert Feder reports that WSHE afternoon drive personality Cara Carriveau’s last shift on the Hubbard Radio adult contemporary station is today. In a statement, Carriveau says, “I am so appreciative of all of the wonderful opportunities Hubbard Radio Chicago has given me. To have hosted afternoons on WSHE after hosting middays on WTMX makes me extremely proud of the past decade in my career. I will deeply miss the amazing people I have worked with for so many years.”…..The Premiere Networks-syndicated Bobby Bones morning show re-ups with Adams Radio Group’s country WBTU, Fort Wayne “US99.3” through 2024. Bobby Bones comments, “I am pumped to be staying with ‘US93.3.’ No station has been more supportive. And in return I’ve tried to show my support back by going to Fort Wayne multiple times to do shows for my awesome listeners. Shout out to everyone at Adams Radio Group and PD Randy Alomar for fiercely promoting the show every day.”