Tag: "loss"

Friday, March 5, 2021

| March 5, 2021

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, “Shots in the Arm,” looks back at this past week of March 1-5, 2021.  The program features guests (in order of appearance): Kevin Casey, executive editor, TALKERS magazine; Dr. Daliah Wachs, talk show host, Genesis Communications Network/medical physician; Brett Winterble, talk show host, WBT, Charlotte; Andy Caldwell, talk show host, K-NEWS, San Luis Obispo; Mark Belling, talk show host, WISN, Milwaukee; Dan Mandis, talk show host, WTN, Nashville; and 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 (“Freedom 93.7”), 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 (“Connect FM”), DuBois, PA; K-NEWS 101.3, Owensboro, KY; WWTK, Sebring, FL; WIZM-AM/FM, La Crosse, WI; WMVA, Martinsville, VA; WSAN, Allentown, PA;  KDSK, Albuquerque;  WLTM-FM, Erie, PA; the Virginia Talk Radio NetworkCRN Digital Talk Radio Network; the iHeart Podcast NetworkPioneer 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 Media Group Q4 2020 Net Revenue Flat; Full Year Revenue Declines 7.2%. Reporting its financial data for the fourth quarter of 2020 and the full year, Salem Media Group performs well compared to some of the other media companies that have released their financial data. Fourth quarter net revenue was $64.5 million – down just 0.2% over the same period in 2019. Full year net revenue was $236.2 million – a decline of 7.2% from 2019. Salem reports in segments and although the broadcast segment’s net revenue was down 4.8% on revenue of $48.1 million, its digital segment was up 13.5% on revenue of $11.2 million. For the full year of 2020, the broadcast segment’s net revenue was down 8.1% on revenue of $178.1 million and the digital segment’s net revenue was up 1% on revenue of $39.6 million. Salem reports a fourth quarter loss of $3.3 million compared to the $4.5 million loss it posted in 2019. For the full year the company’s reported loss was $54 million, up from the loss of $27.8 million it reported for 2019.

WFAN’s ‘Carton & Roberts’ to Be Simulcast on SNY. The WFAN, New York afternoon drive show “Carton & Roberts” – co-hosted by Craig Carton and Evan Roberts – will be simulcast on cable TV via SNY, beginning in May. The show airs on Entercom’s WFAN from 2:00 pm to 7:00 pm daily and SNY will simulcast the show from 4:00 pm to 6:00 pm. Entercom New York SVP and market manager Chris Oliviero says, “‘Carton & Roberts’ has quickly connected with audiences by providing a unique daily sports conversation experience. WFAN has a long and storied history of bringing sports radio to life visually and we’re honored to join with SNY to expand Craig and Evan’s reach onto more screens, more devices and, of course, still in your car.” SNY president Steve Raab adds, “We are excited to partner with WFAN to bring ‘Carton and Roberts’ to SNY. Craig and Evan are engaging, insightful and know their New York sports. The addition of this simulcast not only enhances our daily television line up, but it elevates New York sports news and entertainment programming for a very passionate fan base.”

New Rich Eisen Podcast Launches Via Westwood One. Sports media personality Rich Eisen’s new podcast, “Just Getting Started with Rich Eisen,” is launching via Cumulus Media’s Westwood One Podcast Network. Eisen’s new podcast features interviews with the biggest names from news, entertainment, sports, and pop culture, who discuss their career origins and mines their stories on how they got started in a format where audiences can be inspired by their endeavors. The first guest is actor Matthew McConaughey, with Daymond John, Soledad O’Brien, and Gary Vaynerchuk sitting down with Eisen in upcoming weeks. “Just Getting Started” is Eisen’s first step into the world of personal fulfillment podcasting and the first original podcast produced in a partnership between Rich Eisen and Westwood One Podcast Network announced in December. In the partnership, Westwood One monetizes, markets, and distributes all Eisen’s existing and forthcoming podcasts.

TALKERS News Notes. The nationally syndicated “BOB & TOM Show” is commemorating International Women’s Day on Monday (3/8) in a special showcase called, “Ladies That Make Us Laugh.” The program will feature the women of The BOB & TOM Show, in addition to some of the show’s favorite female guests. Kristi Lee, BOB & Tom Show news director, will be joined live by BOB & TOM “relationship expert,” comedienne Alli Breen and guest comedienne Nikki Glaser. Also joining the show Monday will be BOB & TOM regulars, correspondents Jessica Alsman and Jess Hooker. All morning, the program will feature past guest appearances from female comedians, including Maria Bamford, Rene Hicks, Miss Pat, and Amy Schumer. Show host Tom Griswold says, “Some of the funniest moments on our show have come from our many female guests. It’ll be fun hearing those highlights Monday morning. Also, we’ve been so fortunate to have Kristi Lee as a part of the show for over 35 years. Kristi is a savvy broadcaster who is open and honest about her life, and very funny. We will add to the mix, show staff members Jessica Alsman and Jess Hooker, along with comedienne Alli Breen… we feel the distaff portion of our show is well-represented.”…..To honor International Women’s Day the popular true crime podcast, “Forgotten: Women of Juáre‪z,” is being released simultaneously and globally in three new languages – believed to be a world first in the podcasting business. The translation into Spanish, German, and Danish allows “Forgotten” to shed more light on the hundreds of Mexican women who have been abducted in the world’s most dangerous city, and on the misogyny and systemic sexual femicide in Mexico and around the world. This is the first in a planned pipeline of locally adapted content initiated by iHeartMedia and Podimo to expand the reach of powerful stories to bigger and more relevant audiences…..GBH News in Boston is marking the one-year anniversary of the pandemic by presenting “A Year Apart: How COVID Changed Us,” featuring a full day of special programming across radio, television, digital and social media platforms on Wednesday, March 10. GBH general manager of news Pam Johnston says, “We’re inviting our audience to join our journalists in reflecting on what we’ve learned and experienced during this historic year. We aim to rise above the intensity of the daily news cycle and consider where we are now, what we have lived through, and what is yet to come as it relates to COVID-19.”

COVID-19 Vaccines, Variants and Stats Top News/Talk Story for Week of March 1-5. The rollout of vaccines, concerns about variants, and the latest COVID stats combined as 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. economy tied with the nation’s education crisis. Coming in at #3 was a tie between the allegations of sexual harassment against New York Governor Andrew Cuomo and the #MeToo movement. 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.

Tuesday, February 23, 2021

| February 23, 2021

Cumulus Media Reports 2020 Q4 Net Revenue Down 13.9%; Net Revenue for Full Year of 2020 Declines 26.7%. The second major radio company to report financial figures from the fourth quarter and the full year of 2020 (Beasley was first back on February 10), Cumulus Media reports net revenue of $245.8 million for the fourth quarter – a decline of 13.9% compared to the same period in 2019 – and full year 2020 net revenue of $816 million, down 26.7% from $1.1 billion reported in 2019. For Q4, Cumulus posted a loss of $249,000 a year after 2019’s Q4 income of $1.6 million. For the full year of 2019, the company posted a loss of $57.9 million compared to 2019’s full year income of $62.2 million. On the positive side, Cumulus reports that quarterly revenue improved sequentially from Q2 to Q4, both in total and excluding political; it achieved 9.4% year-over-year digital revenue growth (12.1% on a same station basis), driven by podcasting growth of nearly 40%; it generated $33.2 million of cash from operations for the full year; it completed two significant M&A transactions generating aggregate gross proceeds of $282 million; paid down $54.3 million of term loan and retired $47.2 million of senior notes; and finished the year with $271.8 million of cash on hand (an increase of $256.6 million compared with December 31, 2019). President and CEO Mary Berner comments, “Given 2020’s extenuating circumstances, I am extremely proud of the company’s performance and the efforts of the entire Cumulus team to meet the challenges posed by COVID-19. In the face of the pandemic, we maximized revenue performance, materially reduced expenses, generated cash through strong working capital management, and executed highly accretive divestitures that strengthened our balance sheet. As a result of these efforts and with a recovering economy, we believe that we are well-positioned to return our business to its pre-pandemic trajectory and to capitalize on strategic and financial options to best drive shareholder returns.”

Chad Benson Welcomes New Affiliate Stations. The Radio America-syndicated “Chad Benson Show” welcomes four new radio stations to its roster of affiliate stations: WP Broadcasting’s news/talk KRSY-AM, Alamogordo, New Mexico; WCED Rsdio’s news/talk WCED-AM, Du Bois, Pennsylvania; Fieldview Broadcasting’s news/talk KWBG-AM, Boone, Iowa; and VP Broadcasting’s news/talk WHOL-AM/W295CR Allentown, Pennsylvania. The Chad Benson Show is also heard on such signals as Bonneville’s KTAR-FM, Phoenix; iHeartMedia’s KSTE-AM, Sacramento; and Cox Media Group’s WOKV-FM, Jacksonville. Radio America says, “Listeners love Chad’s explanation of the day’s hard news delivered in a thoughtful and entertaining way. And that explains why Chad is featured on some of the most highly rated talk stations in the country and delivers the demos that talk radio needs most.”

Entercom and Pro Sports Teams Cooperate on ‘Vaccinate Michigan’ Effort. The Entercom Detroit station cluster that includes sports talk WXYT-FM “97.1 The Ticket,” all-news WWJ-AM “Newsradio 950,” and three music brands are partnering with the Detroit Lions, the Detroit Tigers, the Detroit Red Wings, and the Detroit Pistons to launch a new community initiative called “Vaccinate Michigan.” All five stations are airing state-approved public service announcements about the COVID-19 vaccination and its availability for Michigan residents. The “Vaccinate Michigan” announcements are voiced by various Entercom Detroit on-air personalities, show hosts, and news anchors, as well as some of the city’s key sports figures, including Tigers manager AJ Hinch, Tigers pitcher Matthew Boyd, Red Wings head coach Jeff Blashill, Lions head coach Dan Campbell, and Pistons head coach Dwane Casey. Entercom Detroit SVP and market manager Debbie Kenyon says, “Our company and sports partners understand the importance of getting Michigan businesses open, as well as the need of our listeners and fans to get back to work and feel some sense of normalcy. Radio serves as a crucial lifeline for the communities it serves and we’re proud to lend our influential voice in the community and our citywide footprint to deliver the important message of COVID-19 vaccinations to our listeners and fans.”

SummitMedia Enters into Podcast Deal with CurtCo Media. This strategic partnership between SummitMedia and CurtCo Media is SummitMedia’s first formal alliance with a third-party content creator for the podcast audience. SummitMedia owns and operates 47 radio stations in nine states. Los Angeles-based CurtCo Media currently produces cutting-edge quality scripted and unscripted podcast programming. SummitMedia chairman and CEO Carl Parmer comments, “SummitMedia’s partnership with CurtCo Media provides us with an exciting opportunity to develop and explore the rapidly growing podcast medium. We’ve known and watched CurtCo create engaging and innovative content for years, and we value the integrity and quality they bring to the media industry.” CurtCo Media CEO Bill Curtis says, “Having a strategic alliance and investment from SummitMedia makes this partnership the most powerful moment to date in our business development. We’re so excited to work with Greg Kelly, Carl and their team to create new dynamic programming and combine Summit’s powerful radio platform with CurtCo Media in the fast-growing world of podcasting. We believe this strategic partnership will provide sustainable value for our business and expand our audience.”

TALKERS News Notes. Longtime radio and television consumer advocate Clark Howard will receive the 2021 “Andrew Ashwood Award” at the 12th annual Talk Show Boot Camp, presented by Don Anthony’s Talentmasters and Gabe Hobbs Media being held virtually this year on March 18 and 19.  Howard, who wrapped his nationally syndicated radio program after 23 years at the end of 2020, will be presented with the award by last year’s recipient, Greg Moceri. He says, “When I was given the privilege of selecting someone who exemplified the positivity that Andrew did for our industry, it took me two seconds to say Clark Howard. Having worked and associated with him for 30 years, he was an instant selection on how many ways he has demonstrated that positivity and has helped millions through the years. ‘In Clark we trust’ impacted his knowledge and authenticity in our industry for decades and it continues today. Clark was an instant choice to carry on this great tradition of honoring Andrew.”…..The 2nd Annual Radio Cares – Feeding America is off to a great start with new and returning partners signing on in support of the nationwide radio event that raises money to provide meals for individuals and families facing hunger in America. Radio Cares is presented by Feeding America and the Independent Broadcasters Association and takes place on April 14 on radio stations across the country. Last year, in its inaugural event, Radio Cares raised enough money to purchase 5 million meals.”…..The Philadelphia Phillies and Entercom announce a new, multi-year radio deal with the MLB’s Phillies to keep sports talk WIP-FM the flagship station for the club’s radio broadcasts. The play-by-play team of Scott Franzke and Larry Andersen will be joined by Kevin Frandsen this season. Entercom Philly SVP and market manager David Yadgaroff says, “We’re eagerly awaiting the return of Phillies baseball and are happy to announce a new broadcast extension with the club. As the undisputed voice of the Philadelphia sports fan, we look forward to putting listeners right in the middle of the action through premier game day coverage and keeping them caught up with their favorite team throughout the season.”

COVID-19 Stats & Vaccines, SCOTUS Trump Tax Returns Ruling, Capitol Riot Investigation, Cabinet Confirmation Hearings, Dominion Sues Mike Lindell, and Facebook Australia News Deal Among Top News/Talk Stories Yesterday (2/22). The United States passes the 500,000 COVID death mark and the rollout of vaccines continues; the Supreme Court rules New York prosecutors can have access to Donald Trump’s tax records; today’s first Senate hearing on the January 6 Capitol insurrection; Monday’s first confirmation hearing for Attorney General nominee Merrick Garland, and the coming hearings for embattled White House budget office nominee Neera Tanden and Interior Secretary nominee Deb Haaland; voting systems firm Dominion sues MyPillow chief Mike Lindell for $1.3 billion for defamation; and Facebook agrees to Australian news deal that will pay news organizations were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

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