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Tuesday, August 3, 2021

| August 3, 2021

Townsquare Media 2021 Second Quarter Net Revenue Up 45%. The company releases financial data for the second quarter of 2021 and reports net revenue was $107.3 million, an increase of 45% over the same period in 2020. Townsquare Media says it achieved 99.4% of Q2 2019’s net revenue when excluding Live Events net revenue. Total digital revenue growth was up 36% year over year and contributed approximately 47% of the company’s total net revenue in the first six months of 2021. Townsquare CEO Bill Wilson says, “Over the next three years, we expect double-digit digital net revenue growth to continue, fueling the growth of our digital platform from $180 million of revenue (on a trailing twelve-month basis as of June 30, 2021) to $250 million. Most impressively, I am extremely proud to report that Townsquare’s second quarter Adjusted EBITDA of $30.3 million not only exceeded our expectations, our previously stated guidance, and 2019 levels (+1% vs. Q2 2019), but it was also the highest Adjusted EBITDA generated in any single quarter in Townsquare’s history. To accomplish this strong result only one year after the start of the pandemic is a testament to the strength of the Townsquare team, our digital platform and solutions for local businesses, and our careful expense management efforts.” Wilson adds, “As a Digital First Company, our digital revenue and profit growth has accelerated, driving the diversification of our business, total company growth and separation from our local competition. I am incredibly optimistic about Townsquare’s future, and very proud that we are on the path to achieving 2019’s Adjusted EBITDA in 2021, on the verge of a full revenue recovery in 2021, and plan on delivering strong revenue and profit growth in 2022.” Townsquare reports in three segments: Townsquare Interactive – its digital marketing solutions subscription business; Advertising – including broadcast and digital advertising products and solutions; and Live Events – including concerts, expositions and other experiential events. Advertising net revenue for Q2 of this year was $85.9 million, an increase of 50.4% over the same period in 2020. The company also reports net income of $10.1 million compared to the net loss of $28.9 million it posted during the same period a year ago. As of June 30, 2021, Townsquare had a total of $25.1 million of cash and cash equivalents and $550 million of outstanding indebtedness.

Jeff Rickard Named Brand Manager for WEEI, Boston; Ken Laird Promoted to Assistant Brand Manager. Boston sports talk outlet WEEI announces that Jeff Rickard is joining the station as brand manager, effective August 11. Audacy says that in this role, Rickard will oversee content operations for WEEI-FM and the WEEI radio network that spans the New England region. Rickard was most recently PD and morning host at Emmis Communications’ WFNI-AM, Indianapolis. During his career, Rickard spent almost 10 years in Bristol, Connecticut hosting ESPN Radio’s “Gamenight” program and served with Comcast as managing editor and anchor of the Boston-based “Out of Bounds Latenight” show. Rickard has also hosted shows regularly for numerous SiriusXM channels including: NFL Radio, ESPNU, MLB Network Radio, and Mad Dog Sports Radio. He has served as the host of NFL Radio’s “The Sunday Kickoff” during the NFL season for the past five years and is the host of “College Football Overtime” on ESPNU. He says, “Having worked in sports radio for virtually my entire career, I am thrilled to join the team at WEEI. Its rich history is well documented as is the unmatched passion of the Boston sports fan. I’m looking forward to pairing this talented team with fresh, new ideas to both reflect and match that passion.” At the same time, WEEI executive producer Ken Laird is being promoted to assistant brand manager. He’ll continue his role as update anchor and executive producer of the morning drive “Greg Hill Show.”

Ramsey Network Unveils New Podcast, ‘The Fine Print.’ The newest podcast from Ramsey Network is a show that shines a spotlight on the deceptive methods companies, marketers and scammers use to influence money decisions. ‘The Fine Print’ is hosted by Ramsey personality George Kamel and is “a bi-weekly show featuring interviews with experts and industry insiders about the money traps and trends keeping people broke.” Ramsey Solutions CEO and “The Ramsey Show” host Dave Ramsey says, “For 30 years, I’ve heard the pain in people’s voices when they call into the radio show because of a money trap that’s left them in a world of hurt. What if we could prevent that pain by empowering people to avoid the trap in the first place? That’s what ‘The Fine Print’ does. George educates listeners to recognize and steer clear of money minefields so they can be the heroes of their own stories.” Episodes of the podcast include: How TurboTax Is Screwing You; Could Bitcoin Be Your Ticket To Wealth?; The True Cost of Credit Card Rewards; The Dirty Truth Behind Your Credit Score; and How the Robinhood App Steals from the Rich AND the Poor. Find out more here.

LiveXLive and PodcastOne Announces Podcast Competition. This competition is called “Self Made Podcast Edition” and is “an audio competition to find the next big podcast star for PodcastOne.” The company says the competition will be driven by fans and PodcastOne’s panel of judges, as they listen to see who will take the top prize, a podcasting contract with PodcastOne and a total package worth over $100,000 including promotion across the network which features a roster of celebrity podcasters, including Adam Carolla, Kaitlyn Bristowe, Barbara Schroeder, Michael Irvin, and Jordan Harbinger.” The contest kicks off today (8/3) and is open to amateur podcasters only. The winner of “Self Made Podcast Edition” will be crowned on September 30, 2021 – International Podcast Day. PodcastOne president Kit Gray says, “There are so many wonderfully creative and innovative podcasters out there. We’re excited to be able to offer someone the opportunity to make their dreams of becoming a self-made podcast host come true.” Learn more here.

SiriusXM to Unveil Lucille Ball’s ‘Lost’ Radio Show on New Channel. The legendary comedienne is the star of the new SiriusXM channel called, “Let’s Talk to Lucy,” named after her 1960s CBS Radio program. SiriusXM says, “In between starring in four television series and more than 70 films, Lucy would frequently jump from set to set, tape recorder in hand, and talk about all aspects of life with some of the biggest names in Hollywood history, including Bing Crosby, Bob Hope, Dean Martin, Carol Burnett, Frank Sinatra, Barbra Streisand, and dozens more. These recordings eventually made it onto air when CBS Radio broadcast them as ‘Let’s Talk to Lucy’ from 1964-1965. However, for the last 50-plus years they’ve never been heard publicly again – until now.” Ball’s daughter Lucy Arnaz says, “Although I have been care-taking these ancient tapes for over 30 years, I had never really listened to them all and had no idea how many remarkable people Mom had talked to on these radio shows. It’s a treasure trove of personal information from some of the greatest talents of American entertainment and my family and I can’t wait to share them with the rest of the planet.”

TALKERS News Notes. Tomorrow evening (8/4), a debate among a number of the candidates running to replace California Governor Gavin Newsom in the September 14 recall election will will take place and Salem Radio Network is distributing the event nationally. It’s taking place from 9:00 pm to 10:30 pm ET at the Richard Nixon Presidential Library and Museum in Yorba Linda, California. SRN host Hugh Hewitt – who serves as president of the Richard Nixon Foundation – will moderate the debate along with panelists Christine Devine and Elex Michaelson of KTTV-TV, Los Angeles “FOX 11 News” and former U.S. National Security Adviser Ambassador Robert C. O’Brien. Special radio coverage will be anchored by KRLA, Los Angeles morning host Jennifer Horn and KRLA news anchor Larry Marino. SRN host and candidate Larry Elder is declining to take part saying his goal is “defeating Gavin Newsom not appearing in a circular firing squad with other Republicans.”…..Westwood One is expanding the role of sports media pro Rich Eisen within the network to include pregame and halftime hosting duties for “Monday Night Football on Westwood One.” The Monday night schedule kicks off on September 13, when the Baltimore Ravens visit the Las Vegas Raiders and concludes on January 3, 2022, when the Cleveland Browns battle the Pittsburgh Steelers. Eisen says, “‘Monday Night Football on Westwood One’ is one of the greatest hosting gigs in broadcasting and I’m honored to have the seat. The fact that I can expand my partnership with Westwood One beyond my daily show and podcast platform by talking even more football thrills me to no end.”…..The application window for programming candidates interested in applying to the “Elevating Women in Audio: MIW & BDSradio Mentorship” is being extended through Tuesday, August 10.  The “Elevating Women in Audio: MIW & BDSradio Mentorship” program is a year-long experience for women in music programming, provided by Mentoring and Inspiring Women in Radio and MRC Data (formerly Nielsen Music). Personalized conversations with the best programming minds in the business are geared to help advance a career within the radio/audio industry. Additionally, the mentee receives a scholarship to attend Radio Show 2021 this October in Las Vegas. The mentorship is available to one female brand manager, content/program director, assistant program director, and/or music director from any U.S. based music format. To apply, click here…..The popular finance and investing podcast “Pennies: Going in Raw,” hosted by Hugh Henne and Dan, the Deity of Dips, is now a part of the iHeartPodcast Network. iHeartMedia says, “With more than 2.3 million downloads, the podcast takes an exciting and informative spin on stock market topics like day trading strategies, volume, price targets, penny stocks, accumulation, reverse splits and much more. The show also features a range of guests from young, successful traders to the leaders of multi-billion-dollar companies, such as Netflix co-founder Marc Randolph, and CEO and founder of HimsAndrew Dudman…..Today through Thursday, WHO, Des Moines afternoon drive talk host Simon Conway (left) is pulling double duty as he fills in for Joe “Pags” Pagliarulo (right) on his Compass Media Networks nationally syndicated program. Conway’s WHO show is also heard on iHeartMedia’s WMT, Cedar Rapids and WOC, Davenport, Iowa…..iHeartMedia Pittsburgh’s Steelers Radio Network announces changes to its broadcast team. As part of the changes, Craig Wolfley, a former Steelers offensive lineman who has served as a sideline analyst on the Steelers game day broadcast since 2002, will join play-by-play announcer Bill Hillgrove in the broadcast booth as color analyst. Wolfley takes over for Tunch Ilkin, who retired after 23 seasons in the booth. Former Steelers offensive lineman Max Starks is joining Missi Matthews for sideline reports. He recently served as a sideline reporter for Westwood One. Starks will also join Wolfley as co-host of “In The Locker Room, Presented By Neighborhood Ford Store,” a daily, in-season radio program airing on Steelers Nation Radio.

COVID-19 Delta Variant and Masks, Eviction Ban Expires, January 6 Investigation, Voting Rights, Southern Border Policy, Infrastructure Bill, and Olympics Among Top News/Talk Stories Yesterday (8/2). The rising rate of COVID-19 Delta variant cases in the U.S. and abroad and the issue of mask mandates; the White House puts the onus on states as the federal ban on evictions expires; the investigation into the January 6 Capitol attack and the suicide of Capitol police officer Kyle DeFreytag; today’s planned DC rally supporting the For the People voting rights bill; the Biden administration continues the Trump administration policy of deporting illegal migrants; the $1 trillion bi-partisan infrastructure bill; and Simone Biles returns to the Olympics to win bronze in the balance beam were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Monday, April 12, 2021

| April 12, 2021

Monday Memo: Sound Bites. After major radio networks have rebranded as “Audio,” and the third-biggest station owner changed its name from one made-up word to another, consultant Holland Cooke reckons that, “you might be wondering what business you’re in.” In this week’s column, he recommends channeling the timeless wisdom of Yogi Berra. Read it here.

Pending Business: New and Improved. Sales and marketing pro Steve Lapa writes in today’s column about promoting the value of your new talent to advertisers and asks if there is any language in your sales sheet that explains why this new and improved talent is good for the advertiser’s business. He asks six questions to help you illustrate the value of your talent to advertisers. Read it here.

Marty Bannister Joins iHeartMedia Chillicothe as News & Sports Director. Ohio sports and news media pro Marty Bannister is joining iHeartMedia’s Chillicothe station group that includes news/talk/sports WBEX-AM and six music brands as news & sports director. Bannister has served with the Ohio News Network and ESPN Radio in addition to being a former Ohio State University announcer and sideline reporter. He currently works with the Ohio University Bobcats. He comments, “I started in the business in 1981. I’ve worked on Ohio State games. I do a lot of work now for Ohio University on ESPN3 on their football and basketball radio networks. I’ve been a part of ONN, the Ohio News Network for many years. I’ve called Wittenburg football and basketball and have been on the Ohio High School Athletic Association radio network for years. I’ve worked pretty much about everywhere in the state, and there’s no place I would rather be than doing this. I’m excited about this. People rely on their radio stations in communities this size for their information.”

New Executives Named to Positions with LiveXLive. Three new executives are joining LiveXLive Media – owner of PodcastOne, Slacker Radio, React Presents, and Custom Personalization Solutions. Nikki Hart Caldeira joins as SVP of strategic development and Ari Molovinsky is named SVP of corporate development and strategy. The company says both will focus on expanding LiveXLive’s “industry leadership through the expansion of relationships with global consumer brands, monetization of programming and content, business development and unification of new and existing assets that align with LiveXLive’s flywheel — listen, watch, attend, engage and transact — through lifestyle, music, pop culture and exceptional content and tech across all platforms.” Nikki Hart Caldeira most recently served with AXS Group LLC, AEG’s now wholly-owned ticketing company that services worldwide music venues and live sporting events. Molovinsky joins LiveXLive from SiriusXM Radio where he was instrumental in the launching of their streaming service. Additionally, Jonathan Flax joins LiveXLive as vice president, social media and marketing and will “oversee and drive the brand’s continued growth across social channels via the creation and execution of multiplatform content strategies for both earned and owned media.” Prior to joining LiveXLive, Flax was VP, Howard Stern Video where he directed video content strategy and social media programming for Stern at SiriusXM. LiveXLive chairman and CEO Robert Ellin says, “The hiring of Nikki, Ari and Jonathan comes at a time of significant growth in our flywheel of businesses and divisions. LiveXLive’s expansion has come from offering exceptional content, providing a talent platform that allows us to maximize social visibility, sponsorship opportunities and new business development while growing our employees by over 220% in less than three years and expanding audiences across our platforms organically and globally.”

Tomorrow Is Deadline for Radio Cares: Feeding America Radiothon. Tuesday (4/13) is the deadline for radio stations to join more than 200 stations and several major networks already signed on for Wednesday’s “Radio Cares: Feeding America Radiothon.” The grassroots charitable radiothon to relieve hunger in America is presented by the Independent Broadcasters Association and Feeding America, the largest hunger relief organization in the U.S., with a member network of 200 local food banks. Radio stations do not need to be IBA members to participate and all donations go directly to Feeding America. IBA president and Adams Radio Group CEO Ron Stone says, “Last year’s inaugural ‘Radio Cares: Feeding America Radiothon’ helped provide 5 million meals to people experiencing food insecurity in America. As little as $1 can provide 10 meals! People who were making ends meet before the pandemic now find themselves in a perilous situation, unable to feed themselves and their families. Over 3,000 stations participated last year. This is radio’s chance to participate in a nationwide event for a great cause. Radio, working together and executing locally, can drive listener donations to help feed families in America.”

FCC Opens iHeartMedia Request for Increased Foreign Equity for Public Comment. The petition filed with the FCC by iHeartMedia requests that the foreign equity and voting interests in it held by Bahamas-incorporated Global Media & Entertainment Investments Ltd be increased up to a non-controlling amount not to exceed 9.99%. On November 5, 2020, the Commission granted iHeart’s July 25, 2019, petition for declaratory ruling, authorizing up to and including 100% aggregate direct and/or indirect foreign investment (voting and equity) in iHeart and specifically approving two groups of foreign entities not including GMEI or the GMEI reporting persons to hold more than 5% of voting and/or equity interests in iHeart. That ruling included the provision that iHeartMedia must obtain Commission approval for any new or additional foreign entity to obtain more than 5% of equity and/or voting interests, or a controlling interest in the company. GMEI’s recent acquisition of 8.7% of iHeart requires it to seek approval from the Commission. Interested parties must file comments no later than May 10, 2021.

COVID-19, Minneapolis Police Shooting-Protests, Derek Chauvin Trial, Biden’s Infrastructure Plan, Matt Gaetz Investigation, Border Crisis, BLM Founder’s Real Estate Portfolio, Strike on Iranian Nuke Site, and Death of Prince Philip Among Top News/Talk Stories Over the Weekend. The status of COVID cases in the U.S., concerns about variants, and the rollout of vaccines; the deadly weekend Minneapolis police shooting and the protests that followed; the trial of former Minneapolis police officer Derek Chauvin in the death of George Floyd; Joe Biden’s $2 trillion infrastructure plan; the investigation into allegations U.S. Rep. Matt Gaetz paid for sexual relations with a minor; the large number of unaccompanied children at the U.S.-Mexico border; criticism of Black Lives Matter founder Patrisse Kahn-Cullors’ acquisition of several high-priced real estate investments; the weekend strike on an Iranian nuclear site; and the death of England’s Prince Philip at 99 were some of the most-talked-about stories on news/talk radio over the weekend, according to ongoing research from TALKERS magazine.

Thursday, July 2, 2020

| July 2, 2020

COMING THIS WEEKEND:  Independence Day Weekend Edition of “The Michael Harrison Wrap: An Overview of the National Conversation.”   The latest installment of the vibrant, 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, will be posted tomorrow (Friday) afternoon at 3:00 pm ET.  This new episode titled “Self-Evident!” will look back at this past week of June 29-July 3, 2020 in addition to paying tribute to the founding of America.  The program features guests (in order of appearance): Kevin Casey, executive editor, TALKERSVince Benedetto, CEO, Bold Gold Media GroupJennifer Horn, talk show host, Salem Media Group / VP, CRN Digital Talk RadioMatthew B. Harrison, law professor, Western New England University / VP Goodphone CommunicationsLincoln Ware, talk show host WDBZ, Cincinnati; Dan Yorke, talk show host, WPRO, Providence; Doug Stephan, talk show host, “DJV Show” / talk show host, “American Family Farmer.” This acclaimed news/talk radio 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 WRKO, Boston; WTIC, Hartford; KSCO, Santa Cruz, CA; KDFD (“Freedom 93.7”), Denver; KFNX, Phoenix; WVLY, Wheeling, WV; 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; WCHM, Clarkesville, GA;  WPHM, Port Huron, MI; KSYL, Alexandria, LA; KTOE,  Mankato, MN; the Virginia Talk Radio NetworkPioneer Valley Radio in Springfield, MA; Podcast Radio, UK and many more.  To listen to this week’s episode (posted Friday 7/3 at 3:00 pm ET),  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.

LiveXLive Closes on PodcastOne Acquisition. The live stream and on-demand platform LiveXLive Media, Inc announces it has closed on its acquisition of PodcastOne. LiveXLive says in a press release, “PodcastOne, which recorded revenue of $27.5 million in calendar 2019, will operate as a wholly-owned subsidiary of LiveXLive. The acquisition is expected to be accretive and will strengthen LiveXLive’s balance sheet as well as diversifying its business model with a significant advertising component.” PodcastOne’s library includes more than 300 podcasts, including: “The Adam Carolla Show”, “The Big Podcast with Shaquille O’Neal,” A&E’s “Cold Case Files,” “Hotboxin with Mike Tyson,” and more. PodcastOne founder and executive chairman Norm Pattiz joins LiveXLive as a significant shareholder and remains executive chairman. Under the terms of the acquisition, LiveXLive acquired 100% of the equity interests of Courtside Group, Inc., the owner and operator of PodcastOne, and issued to stockholders of PodcastOne approximately 5.36 million restricted shares of LiveXLive’s common stock, which are subject to a 12-month lock-up period and certain trading restrictions thereafter.

TALKERS News Notes. Baton Rouge alt-weekly The Advocate reports that Guaranty Broadcasting’s sports talk KNXX-FM “104.5 ESPN” shuffles its programming lineup. Writer Kyle Whitfield says the station breaks up the “Sports Today” duo of Charles Hanagriff and Jimmy Ott with Hanagriff being partnered with former LSU running back Jacob Hester for the new 12:00 noon to 3:00 pm “Hangin’ with Hester and Hanny” show and Ott starting his own “Gametime” program airing from 6:00 pm to 8:00 pm…..FOX News announces that after an independent investigation of allegations of sexual misconduct in the workplace, it has fired “America’s Newsroom” co-anchor Ed Henry. The company sent a memo to staffers written by FOX News Media CEO Suzanne Scott and president and executive editor Jay Wallace explaining Henry’s departure. Henry’s attorney, Catherine Foti, issued a public statement that Henry denies the allegations and “is confident that he will be vindicated after a full hearing in an appropriate forum.”…..Chicago media writer Robert Feder reports that radio producer Carl Amari’s golden age of radio programming is moving from Nexstar Media Group’s WGN-AM to Salem Media Group’s crosstown WIND-AM. WGN recently announced it is dropping the weekend overnight “WGN Radio Theatre” program. Now, the syndicated “Hollywood 360” – co-hosted by Amari and Lisa Wolf – will air from 8:00 pm to 12:00 midnight on WIND-AM. Salem Chicago RVP and general manager Jeff Reisman says, “We are excited to have ‘Hollywood 360’ and Carl Amari back on AM 560. Carl expertly weaves together a unique mix of content that has continued to attract and entertain listeners for years, and we look forward to welcoming them back.”…..This might fall into the “at least they spelled our name right” category. Daily Herald columnist Jim O’Donnell writes about the state and future of ESPN’s WMPV, Chicago “ESPN 1000” – being operated by Good Karma Brands under the leadership of general manager Mike Thomas. O’Donnell is clearly not impressed with sports talk in Chicago but gives Thomas – who arrived in his home state back in January after leading the programming at Entercom’s WBZ-FM, Boston “98.5 The Sports Hub” – the opportunity to talk up the changes taking place at WMVP.

‘Mightier 1090’ in San Diego to Use SportsGrid Tech Platform. When the new iteration of talk programming takes to the airwaves of San Diego on XEPRS as “The Mightier 1090” sometime this summer, SportsGrid’s cloud-based automation and live production tools will be used by the station. SportsGrid says its production services will stream the “Mightier 1090” audio feed through a low-latency IP connection from the cloud to the station’s transmitter. Marketing executive Bill Hagen is leading operations of the soon-to-debut station. He says, “I’ve listened to the people and the dream of bringing ‘The Mighty 1090 AM’ back to Southern California has now become a reality. The legendary tradition is back in a Mightier fashion, allowing for carefully thought out, desired programming to once again serve the Southern California region.”

COVID-19 Statistics & Projections/Mask Controversy, Seattle CHOP Ends, Policing in America, Confederate & Colonial-Era Monuments Issue, Russia-Taliban Bounty Report, Facebook Advertiser Boycott, Court Strikes Trump Asylum Order and Vacate Mary Trump Book Restraint, and Status of Sports Leagues Among Top News/Talk Stories Yesterday (7/1). The rise in COVID-19 cases in numerous states and projections for future outbreaks tied with the controversy over the wearing of masks to diminish transmission; the Seattle police clear the CHOP in the aftermath of two killings in the area; the criticism of policing in the U.S.; the movement to remove Confederate and Colonial-era monuments; the report that Russia has been offering bounties to Taliban fighters for killing U.S. servicemen; Facebook deals with an advertiser boycott over its handling of “hate speech” and “misinformation”; a court strikes down the Trump administration’s order denying asylum requests from people from Latin American nations and a court vacates the restraint on Mary Trump’s book; and the status of American sports leagues were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Music Radio News and Career Moves. New York hip hop outlet WWPR “Power 105.1” is presenting “A Celebration of Pop Smoke’s Shoot for the Stars, Aim for the Moon Album Release” starting at midnight tonight (7/3). iHeartMedia’s “Power 105.1” will celebrate the life and works of Pop Smoke by playing songs from Shoot for the Stars, Aim for the Moon at the top of every hour, plus exclusive Pop Smoke interviews with Power 105.1’s Angie Martinez, behind-the-scene photos and performances from Power 105.1’s POWERHOUSE available at Power1051’s website, Instagram, Facebook and Twitter, as well as check-ins from 50 Cent, Steven Victor, Lil Tjay, Fivio Foreign, The Breakfast Club and more…..The weekend country radio show “B-Dub Radio Saturday Night” debuts Saturday (7/4) in partnership with its syndication development partner, Skyview Networks. Host Bryan “B-Dub” Washington is throwing a Fourth of July party featuring country radio’s superstar duo LoCash as a special guest to celebrate the show’s re-launch with listeners across the country. The show has added new affiliate stations, including iHeartMedia’s WEBG, Chicago “BIG 95.5,” whose PD Lance Houston says, “B-Dub has added such a great energy to ‘BIG 95.5’ on Saturday nights! If you want your station to sound fun again on Saturday night, while staying true to the format and the sound of country music, then this is the show for you.”…..Programming pro Mike McCoy is named operations manager at Stephens Media Group’s Rochester, New York that includes adult contemporary WRMM-FM “Warm 101.3,” alternative WZNE-FM “94.1 The Zone,” and adult hits WFKL-FM “Fickle 93.3.” He will also program “Warm 101.3” and “Fickle 93.3” SVP of programming Bob Thornton says, “Mike is exactly the kind of person we need in the Rochester market. His relentless pursuit of excellence, leadership qualities and vast experience will take this cluster to new heights.”

Friday, May 8, 2020

| May 8, 2020

LiveXLive Acquiring PodcastOne in All Stock Deal. The digital media firm LiveXLive Media, Inc. has signed a definitive agreement to acquire Courtside Group, Inc., the owner and operator of PodcastOne in an all stock deal. The press release states that the transaction is valued at $18.1 million based on LiveXLive’s closing price on May 7, 2020. LiveXLive will acquire 100% of the equity interests of Courtside Group, Inc. and issue to stockholders of PodcastOne approximately 5.45 million restricted shares of LiveXLive’s common stock, which would be subject to a 12-month lock-up period and certain trading restrictions thereafter. The proposed acquisition is expected to close by June 2020, subject to certain closing conditions. PodcastOne recorded gross revenue of $27.5 million in calendar year 2019. LiveXLive chairman and CEO Robert Ellin says, “We’re excited to expand our business into the fast-growing podcast category, complementing our music platform of streaming audio, on-demand video, and live event performances. The acquisition will add to and diversify our revenue with a strong advertising component. Once acquired and integrated, we will have a significant opportunity to cross-sell and cross-promote to our respective subscribers, advertisers, and sponsors as well as provide our collective artists and on-air talent with an expanded platform to increase their social media and online presence.” PodcastOne founder and executive chairman, Norman Pattiz is joining LiveXLive as a significant shareholder and remains as executive chairman of PodcastOne. Pattiz comments, “All of us at PodcastOne are excited about joining the LiveXLive team and taking advantage of obvious future synergies between our businesses. I look forward to working with Rob Ellin to close the acquisition and achieve the growth we both envision. PodcastOne is a premium producer, distributor, and revenue-generator for audio-on-demand programming. PodcastOne’s well-established podcasting business is an excellent complement to LiveXLive’s  ‘live social music network,’ delivering premium livestreams, digital audio, and on-demand music.”

NOW POSTED:  New Installment of “The Michael Harrison Wrap: An Overview of the National Conversation.”   The vibrant, 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.  The new episode titled “Demographic Genocide?” looks back at this past week of May 4-8, 2020 and features guests (in order of appearance): Kevin Casey, executive editor, TALKERSRic Edelman, financial advisor / talk show host; Martha Zoller, talk show host, WDUN, Gainesville, GA; Kate Delaney, talk show host, GCN; Barry Farber, talk show host, CRN; Dick Morris, pundit / author; and Victoria Jones, executive director, DC Radio Company. This acclaimed news/talk radio 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 WRKO, Boston; KSCO, Santa Cruz, CA; KDFD (“Freedom 93.7”), Denver; KFNX, Phoenix; WVLY, Wheeling, WV; WVOX, Westchester, NY; KBDT, Dallas; KQSP, Minneapolis; KBKW, Aberdeen, WA; WGDJ, Albany, NY;  WJFN-FM, Richmond, VA; WZFG, Fargo; KTGO, Tioga, ND; WPHM, Port Huron, MI; KSYL, Alexandria, LA; the Virginia Talk Radio Network, Pioneer Valley Radio in Springfield, MA, Podcast Radio, UK and many more.  To listen to this week’s episode (and the program’s complete archives), 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.

iHeartMedia’s Q1 Revenue Down 1.9%. After a strong financial performance in January and February, the COVID-19 pandemic took its toll in March and iHeartMedia finished the first quarter of 2020 with revenue of $780 million, down 1.9% over the same period in 2019 (and down 4.8% excluding political). The company reports an operating loss of $1.7 billion, “driven primarily by non-cash impairment charges” that “reduce intangible asset and goodwill book values established in May 2019 upon required application of fresh start accounting where the macroenvironment was significantly different than today.” Adjusted EBITDA was $140.3 million, down 10.6% year-over-year. Free cash flow from continuing operations was $69.9 million, a decrease of $43.8 million or 38.6%. iHeartMedia chairman and CEO Bob Pittman says, “As America’s #1 audio company, with unparalleled reach both nationally and locally, we play a critically important role in providing companionship, connection and key information to all the communities we serve, and we are incredibly proud of our employees’ commitment to that mission in response to the COVID-19 pandemic. Although businesses and brands across the country have been impacted, we are working closely with them on their marketing needs and are focused on helping them generate the consumer demand to reopen or ramp up. Our multiplatform offering, our unparalleled reach and our unique data and analytics position us well to benefit as a company from this returning advertising demand.”  Company president, COO and CFO Rich Bressler adds, “Given the current economic environment, iHeart has taken actions that we believe expand the company’s financial flexibility and provide sufficient liquidity to operate effectively even in an extended period of economic weakness. We believe that iHeart’s fundamentally strong free cash-generation model, substantial current cash balances, incremental benefits from our cost savings initiatives, and flexible capital structure will enable us to build effectively on our audio market leadership and position us favorably to capitalize on the eventual recovery in advertising demand. With our experienced management team and our unparalleled assets, we are confident in our business and continue our focus on driving shareholder value.”

Edison Research: U.S. Moms Relying More on Tech. This latest installment of Edison Research’s “Moms and Media 2020” study includes data from The Infinite Dial series from Edison Research and Triton Digital, and a recent online survey conducted during COVID-19 restrictions. The report highlights how moms with kids under the age of 18 in the household continue to hold tight to their tech tools while sheltering at home, and they are relying on their technology and media to get through the day. Edison VP Melissa DeCesare says, “This virus has turned life upside down and parents have the added pressure of guiding children through this unsettling time.  Moms are masters at balancing tasks in normal circumstances, but they have found even more capacity to multi-task in this pandemic. Additional responsibilities like distance learning and managing the family dynamic while in isolation are increasing the need for media and technology in the home. This year’s study shows us that moms are meeting these challenges by relying on media, devices and technology to help them get through this new normal.” Some of the findings are: Moms are using their devices more during the COVID-19 pandemic. Working remotely, helping children with distance learning, and keeping in touch with friends and family are driving heavier use of all digital devices; Moms are facilitating distance learning with 54% of moms saying they are spending a lot of time helping their children with distance learning; Moms are using social media with 39% agreeing that social media is the main source for staying up to date on the COVID-19 pandemic in their community and 56% of moms say that they are grateful for social media during the pandemic; and while it is unknown how long this new normal will last, nearly 4 in 10 moms think their current media habits will stay with them even after it is over. See more here.

Three Entercom Podcasts Nominated for Peabody Awards. The nominations for Peabody Awards have been announced and three podcasts from Entercom’s Podcast Network are included among the nominees. “Headlong: Running from COPS” and “The Catch and Kill Podcast with Ronan Farrow” from Pineapple Street Studios, and “Gangster Capitalism, Season One: The College Admissions Scandal” from Cadence13’s C13Originals studio were nominated. Winners will be announced at a later date. Pineapple Street Studios co-founders Jenna Weiss-Berman and Max Linsky say, “For our small shop to get two Peabody nominations is just an incredible testament to the care, thought, and creativity the entire Pineapple Street Studios team puts into the work. Working with world-class talents like Dan Taberski and Ronan Farrow is an honor and we’re thrilled by the recognition for our incredible staff and these two critically important shows, which we were so proud to put out into the world.” The Peabody Awards honor the most powerful, enlightening and invigorating stories in television, radio and digital media. See all the nominations here.

COVID-19 Statistics and Projections Top News/Talk Story for Week of May 4-8. The number of confirmed COVID-19 cases and deaths in the U.S. and the projections for future cases was the most-talked-about story on news/talk radio this week, landing atop the Talkers TenTM. At #2 this week was the state of the U.S. healthcare system.  Coming in at #3 was a tie between the economy, the debate over re-opening, and criticism of the airlines, followed by the presidential race, politics, and the Michelle Obama film at #4. See the entire chart here. 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.

TALKERS News Notes. A special, virtual town hall meeting produced by SiriusXM is taking place today on the Business Radio channel featuring host Dan Loney of Wharton Business Daily that addresses the questions on Americans’ minds about how and when to safely reopen the economy. Guests on the program include: Hyundai Motor Company’s Jose Munoz, Ford Motor Company COO Jim Farley, Kahn Academy CEO Sal Kahn, Cleveland Federal president Loretta J. Mester, Board of Scientific Counselors chair Dr. Thomas Inglesby, Euro Pacific Capital CEO Peter Schiff, chef and restaurateur Wolfgang Puck, DHL CEO Greg Hewitt, and U.S. Transportation Secretary Elaine Chao…..The Talk Shows USA syndicated program “The Money Pit Home Improvement Show” adds new affiliate stations to its roster. They are: WRTA-AM/FM, Altoona, PA; WGNC-AM, Gastonia, NC; WPAY-FM, Garrison, KY; KBST-AM, Big Spring, TX…..Jenn White is named as the new host of the WAMU-FM, Washington-based, NPR program “1A.” White has been serving at Chicago Public Media’s WBEZ-FM, Chicago hosting the midday “Reset with Jenn White” program.

Music Radio News and Career Moves. A Memorial Day weekend show from Cumulus Media’s Westwood One Nashville celebrates the start of summertime. “Summer Kickoff with Dustin Lynch” is a salute to the men and women who have made the ultimate sacrifice for their country and some military veterans will join Lynch in the tribute. Fellow artists will share their favorite holiday memories and summer activities throughout the special, including: Luke Bryan, Florida Georgia Line, Thomas Rhett, Kelsea Ballerini, Little Big Town, Keith Urban, Kenny Chesney, and Carrie Underwood. The four-hour-long special will be available for stations to air over the holiday weekend beginning Saturday, May 23 through Monday, May 25, any time between 6:00 a.m. and 12 midnight.