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Monday Memo: Lennon, McCartney, Marbourg

| March 22, 2021

By Holland Cooke
Consultant

 

BLOCK ISLAND, RI — Paul McCartney mused, “You’ve got to admit, it’s getting better, a little better all the time.” John Lennon muttered, “It can’t get much worse.”

And in the words of now-retired radio traffic reporter Bob Marbourg – a rock star to heavy listeners when he was part of my WTOP crew in the 1980s – “Pick your lane and stay with it.”

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Tuesday, January 26, 2021

| January 26, 2021

Programming Consultant Greg Moceri Working with ‘Our American Stories.’ News and talk radio programming consultant Greg Moceri joins American Private Radio – producer of the extremely successful “Our American Stories” program – as strategy and content consultant. The “Our American Stories” nightly program is currently heard on more than 300 stations, including new affiliate KEIB-AM, Los Angeles “The Patriot AM 1150.” American Private Radio CEO and show host Lee Habeeb says, “We’re thrilled to have Greg as a part of the team. We’ve long admired his well-earned standing in the business, his ability to help stations and talent be better versions of themselves, and his all-around excellence and cheerfulness, too. He is already making a real difference.” Moceri, CEO of Moceri Media, LLC, comments, “I have always been about content. ‘Our American Stories’ exemplifies this. Uplifting, wonderful stories about our nation’s most connecting and emotionally gravitating people in our amazing past and present. Just uplifting daily reminders, from people you may know, and people you don’t. A perfect antidote to division, politics, and the anger of day. Honored to be part of this brand and product.”

It’s Official: Kim Gordon Joins WLS-AM, Chicago as News Anchor. Yesterday (1/25), TALKERS reported a tip from Chicago media writer Robert Feder that Windy City news pro Kim Gordon had exited Nexstar Media’s WGN-AM and would sign with Cumulus Media’s crosstown WLS-AM. Today, Cumulus announces Gordon’s joining the station as afternoon drive news anchor. WLS-AM program director Stephanie Tichenor states, “Finding the facts and reporting the news has never been an easy job. Doing it in this environment hasn’t made it any easier. You need experience and grit to craft a meaningful, accurate newscast and Kim Gordon has both of those qualities in spades. I’m delighted to have Kim join our 890 WLS-AM news team as the PM drive anchor. Her attention to facts and detail will enhance our news product and yes, she can probably teach John Howell a thing or two about golf.” Gordon comments, “I am thrilled to be joining the WLS news team and to be working with John Howell in the afternoons. It’s an honor to follow in the footsteps of John Dempsey. I’ve long admired his integrity and passion for news. I hope to continue that legacy at WLS.”

WECK-AM, Buffalo Owner Puts Republican Assemblyman’s Show on Hiatus; Denies Station Was Threatened by Antifa. The weekly, hourlong program on WECK-AM, Buffalo hosted by Republican New York State Assemblyman David DiPietro was put on hiatus by owner Buddy Shula but not because he received any threats from “leftists” to “burn the station down.” Shula tells the Buffalo News that it was a miscommunication between him and DiPietro over his rationale for the show’s hiatus. After DiPietro posted comments on Facebook suggesting that “leftists” threatened the station and forced Shula to cancel his show, Shula said, “I wanted to make sure I make it perfectly clear that Dave DiPietro did zero wrong in terms of me putting his show on hiatus. It was me being spooked by the Capitol events. That’s it. Nothing more.” Shula indicates he was speaking hypothetically about the station being attacked in the aftermath of the Capitol assault and believes DiPietro misunderstood him to mean that threats were actual. He adds he’d like to bring DiPietro back to the air with a Democrat on the other side of the table for balance.

New Affiliates Join Doug Stephan’s DJV Show. The nationally syndicated “DJV Show” – starring Doug Stephan and featuring Jen Horn and Victoria Keelan – adds new affiliate stations: WPMO, Pascagoula, Mississippi; KFOW, Waseca, Minnesota; KOMY, Santa Cruz-Monterey; KHOB, Hobbs, New Mexico; WTGB, Brownsville, Texas; WDOC, Pikeville, Kentucky; KBST, Big Spring, Texas; and KMAX, Colfax, Washington. Doug Stephan states, “I’d like to thank all of these new affiliates of the show. Our goal is to make our listeners lives better. We want them to be informed without having to sift through the vitriol.” McVay Media Consulting president Mike McVay adds, “What I like most about the ‘DJV Show’ is that it’s a talk show that is truly balanced in their opinions. It’s informative and fun. They’re a great first place to find what’s trending every day.”

Entercom Launches BetQL Audio Network; Unveils ‘The Bet’ Stations in Denver and LA. On the heels of Entercom’s acquisition of sports data and iGaming affiliate platform QL Gaming Group, the company is launching the BetQL Audio Network. The network is headlined by two daily shows – “You Better You Bet” with Nick Kostos and Ken Barkley and “BetQL Daily” with Joe Ostrowski and Ross Tucker.  Additionally, Entercom is debuting two radio stations to carry gambling-oriented programming. KEZW-AM, Denver is now “The Bet 1430AM” and KCBS-HD3 is now “The Bet 93.1 HD3.” Entercom president of sports Mike Dee comments, “With our acquisition of QL Gaming Group in November, we committed to leveraging our national scale to amplify the rapidly growing sports gambling landscape and deliver smart, data-supported sports-betting content to our listeners. By combining the BetQL brand and our deep collection of expert talent, this new network complements our industry-leading local sports broadcast portfolio and will further enhance our position as a leader for sports betting programming.” The new network is being promoted across Entercom’s 39 all-sports stations including WFAN-AM/FM, New York; WIP-FM, Philadelphia; and WSCR, Chicago “The Score.”

Newsmax TV and FreedomWorks Partner for ‘Save the Nation’ Program. A new, Sunday morning program titled, “Save the Nation,” is debuting on Newsmax TV via a partnership with FreedomWorks. The hour-long program – co-hosted by FreedomWorks president Adam Brandon and economist Stephen Moore – will premiere on February 7 at 11:00 am ET will provide “Americans with critical information they need on the economy, government policies, and the latest news.” Newsmax CEO Christopher Ruddy says, “We look forward to bringing our rapidly-growing audience exclusive content from respected economist Stephen Moore, Adam Brandon, and the team at FreedomWorks. It is one of the nation’s most effective and respected grassroots organizations in touch with the issues Americans care about.”

New York Festivals 2021 Radio Awards Open for Entries. Entries for the New York Festivals 2021 Radio Awards are now being accepted. NYF Radio Awards says that each year it carefully evaluates and updates the category roster to provide the most current categories to reflect the innovative content produced today. Vice president and executive director Rose Anderson says, “In a year marked by disruption of every kind, New York Festivals is implementing additional categories for social justice across all genres. These categories spotlight storytellers who are using all of their creativity to engage with their listeners on this critical topic.” New categories for 2021 include: Best Social Justice Report, Social Justice Reporting, Social Justice Documentary, Best Regularly Scheduled Social Justice Program, Best Social Justice Special, Social Justice Promo, Best Digital Social Justice Program, Social Justice Podcast, and Social Justice Student Content. See all of the 2021 Radio Awards Categories here. The New York Festivals is partnering with the NAB Show for the 11th year and again NYF will honor the winners in Las Vegas in October. Anderson adds, “Combined with our TV & Film Winners, it will be a celebration of innovative storytellers across all platforms.” For more information and to enter visit here.

TALKERS News Notes. Talk show host Ray Appleton returned to the air on Cumulus Media‘s KMJ-AM/FM, Fresno on Monday (1/25) after a two-week suspension for a comment about news coverage of the January 6 Capitol attack in which he stated some news editors should be “hanged – maybe.” He said his words were tongue-in-cheek but station management meted out the suspension nonetheless…..New York news/talk outlet WABC is adding a new weekend program to its schedule. Fashion designer Joseph Abboud is joining the lineup of the Red Apple Media station beginning Saturday, February 6 at 5:00 pm as the host of “Threads,” a one-hour lifestyle program that looks at our world through the lens of fashion and design. WABC says, “From super models and fashion shows to the new world order of post pandemic fashion, Abboud will explore the evolution of one of the most creative and fascinating industries on the face of the earth, and how it weaves through our culture and our lives.”…..KQED, San Francisco “Forum” host Michael Krasny is retiring after his final broadcast on February 12. Krasny’s broadcasting career began in the late 1970s. He joined KQED in 1993 as host of “Forum.” To help commemorate his career on February 12, Krasny will be joined in his final broadcast by NPR senior editor and correspondent Ron Elving who will co-host…..Two new affiliate stations – KCPS, Burlington, Iowa and KLMB, Roundup/Billings, Montana – add the “Todd Starnes News & Commentary” feature to their programming…..The GCN-syndicated “Dr. Daliah Wachs” program picks up new affiliates as KCPX-AM/K290CS, Spanish Valley, Utah and WHIR-AM, Danville, Kentucky add the show to their lineups.

COVID-19 & Vaccines Rollout, Senate Power Sharing/Battle Over Filibuster, Trump Impeachment, Social Media & Censorship, Dominion Sues Giuliani, and Biden Reverses Trans Troops Ban Among Top News/Talk Stories Yesterday (1/25). The number of COVID cases in the U.S., concerns about variant strains, and the vaccine rollout problems; Mitch McConnell and Chuck Schumer agree to a Senate power-sharing deal and Democrats don’t have the votes to eliminate the filibuster; the impeachment case against Donald Trump; MyPillow CEO Mike Lindell is permanently banned from Twitter; election process firm Dominion sues Rudy Giuliani for defamation and seeks $1.3 billion; and Joe Biden reverses Trump’s ban on trans people serving in the military were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Monday, January 25, 2021

| January 25, 2021

INDUSTRY AND NATION MOURN: Talk Media Pioneer Larry King Dead at 87. According to a report on Facebook posted by the producers of his current syndicated television show, Ora Media, legendary star of talk radio and television, Larry King died this weekend at the age of 87. The statement says: “With profound sadness, Ora Media announces the death of our co-founder, host and friend Larry King, who passed away this morning at age 87 at Cedars-Sinai Medical Center in Los Angeles.” The statement continues, “For 63 years and across the platforms of radio, television and digital media, Larry’s many thousands of interviews, awards, and global acclaim stand as a testament to his unique and lasting talent as a broadcaster.” The cause of death was not indicated, however King had been reportedly hospitalized with COVID-19 earlier this month. King was a major player in the talk media world who ushered in the modern era of syndication in radio on the Mutual Broadcasting System and the cable news/talk show format on television at CNN. TALKERS publisher Michael Harrison issued the following statement: “Larry King was not the greatest talk show host on radio or television in terms of skills, outrageous personality or direct and profound influence on public policy. He was, however, the most important pioneer who paved the way for today’s robust talk media presence on both radio and television. If there ever was a case of the right person at the right time, Larry King fit the bill and that’s all it took for him to be a mighty force. He was the modern era of talk radio’s first national celebrity born solely as a result of his work in the medium. And his contribution to today’s institutional cable news/talk TV format is undeniably fundamental to the medium’s current presence as America’s political and sociological meeting place. We have lost one of the greatest broadcasting presences of the first century of radio and television history as well as one of the quirkiest and most colorful individuals to ever sit behind a microphone.” Read TALKERS magazine managing editor Mike Kinosian’s “Remembering Larry King” feature here.

Tributes to Larry King Pouring in from All Over the Industry.  TALKERS has received dozens of tributes, anecdotes, and comments from readers in all sectors of the broadcasting industry in reaction to the passing of Larry King on Saturday (1/23).  The following statements from people who knew him and worked with him reflect the basic sentiments expressed across the board. Westwood One legend Jim Bohannon rose to national prominence as Larry King’s fill-in host back in the early days of King’s career as the late-night “king of talk radio” on the Mutual Broadcasting System. Bohannon tells TALKERS, “Larry King was the first certified big shot for whom I’d ever worked, and I was all set for some screaming prima donna jerk. What I found was a funny, savvy, decent human being who was always very supportive of me. His best advice: Be yourself. My 11 years backing him up on the radio were always based on being a first-rate Jim rather than a second rate Larry.” This Friday (1/29) marks Bohannon’s 28th anniversary of hosting that very same show fulltime. Norm Pattiz, chairman of PodcastOne and founder of Westwood One, was instrumental in Larry King’s fabulous radio career. He tells TALKERS, “Larry King was a superstar on radio well before he became a talk show icon on television and his contribution in those media will never be duplicated. I first met Larry in 1985 when Westwood One Radio bought the Mutual Radio Network. Some said at the time that I bought the network just to get the ‘Larry King Show’ and I never corrected them. When CNN came calling, I was thrilled to share Larry with them and when his show became one of the most influential nightly talk shows in history it only confirmed what I had known all along. No one will ever match the style, compassion, and genuine love for a great interview that Larry had and the worlds of television, radio, and podcasting are worse today for his loss.” Tom Tradup, VP/news and talk programming, Salem Radio Network, tells TALKERS, “My favorite memory of Larry was when I was president/GM of WLS in Chicago and was meeting with Larry for lunch in the now-closed Cape Cod Room restaurant of Chicago’s Drake Hotel. Always upbeat and gregarious, Larry seemed just a little down. He revealed he was speaking to a business group that night and his hotel had lost his trademark suspenders. After lunch I ran over the Marshall Field’s on State Street and bought him a pair. Big smile from a broadcast legend whose talent endured for decades.” And media consultant, TALKERS columnist, and host of “The Big Picture” on RT America (which also carried Larry King’s syndicated TV show at the time of his death), Holland Cooke adds, “One year ago this week, Larry was my guest on the very first show produced at RT’s new Los Angeles studio. Larry’s gift was his curiosity; and his legacy to fellow talkers is the art of the short question. I remember him asking Bob Hope, ‘Who do YOU think is funny?’ And he asked David Duke, ‘Don’t you ever get tired of hating?’ Often, guests on book tours or who are otherwise timely are prepped with ‘safe’ answers, regardless of the questions asked. And they get away with it, because hosts ask verbose questions and don’t listen closely to responses. Larry’s short question would catch the guest off-guard – enough to yield an answer you wouldn’t hear elsewhere along the tour.

King and I: An Excerpt from Bernadette Duncan’s Landmark Book Yappy Days: Behind the Scenes with Newsers, Schmoozers, Boozers and Losers (Talkers Books, 2016).  I landed a part-time job with the Larry King Radio Show in 1986 because I was in the right place at the right time. My late shift at NBC Radio Networks where I produced the Neil Myers Show ended at 1:00 am and no other talk producer was on the premises. All that was required? Meet Mr. King in the lobby, escort him to the elevator, guide him down the hall to the nearest empty studio, check mics and audio, and then be prepared to do the same with the on-coming, big-name parade of guests scheduled for the night. Basically, I was a “handler” for an extra 75 bucks a shift. At the time, this pre-suspenders-wearing Larry King was one of the most successful radio talk show hosts in the industry who at the height of his show’s prominence had nearly 500 affiliate stations around the country. Just the year before, in 1985, he began hosting a nightly TV program on the new cable network called CNN (for Cable News Network) and “Larry King Live” was getting some buzz. In addition to television at 9:00 pm… then radio after midnight… he was in contract to write a book. Larry King’s career was hot. And it was this book deal with a New York-based publisher that brought him to the Big Apple four or five days a month to meet with his editor face-to-face. I became his New York producer/handler, working in coordination with his crew in Washington, DC. Little did I realize when I signed up with “the King of Talk,” I would dive into a world as quirky as what you’d find down Alice’s rabbit hole. To read the entire excerpt please click here.

Alpha Media Announces Pre-Arranged Chapter 11 Reorganization. The company says in a statement on its website that it has entered into a “restructuring agreement with certain of its lenders to reduce its debt, as well as raise incremental capital” to allow it “to successfully navigate current market conditions and pursue growth opportunities. The company expects no disruption to its broadcast operations, customers or employees. Management will remain in place and continue to maintain the company’s day-to-day operations.” Alpha Media says it has filed “a pre-arranged plan of re-organization, disclosure statement and voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court in the Eastern District of Virginia. Certain of the company’s existing lenders have agreed to provide new capital in the form of committed debtor-in-possession and exit financing. These lenders, together with management, are expected to collectively own 100% of the equity of the re-organized company, subject to regulatory approvals from the Federal Communications Commission. The restructuring of the company’s balance sheet will require receipt of bankruptcy court approval and certain regulatory, including FCC, approvals and satisfaction of other customary conditions. The company expects to conclude the restructuring process in the first half of 2021.” Alpha chairman and CEO Bob Proffitt comments, “We have made significant progress in aggressively deleveraging our business in recent years. As we proceed with our financial restructuring to improve our capital structure and manage through the ongoing downturn caused by the COVID-19 pandemic, the agreement we reached today will leave Alpha Media well positioned for a market recovery as a stronger and even more competitive company. Broadcast radio is the leading reach medium in the United States, with attractive ROIs for advertisers, and radio continues to be an indispensable communications platform nationwide. We believe the balance sheet restructuring will provide greater financial resources and flexibility to Alpha Media, enabling the Company to strengthen its position as a leading mid-market broadcaster in the United States, and invest in new digital capabilities to better serve our advertisers and communities. Our core business continues to perform well despite current market challenges. We will continue to invest in our talented teams to foster the unique culture that has been key to Alpha Media’s success in delivering dynamic, diverse and exciting content to our communities.”

Monday Memo: Time Management 2021. “Short version? Time will not be managed.” But in this week’s column, consultant Holland Cooke explains how “tasks can,” and that’s gotten trickier in pandemic shutdown mode. He outlines solutions for recurring distractions. Read it here.

COVID-19 Stats & Vaccine Rollout Troubles, Trump Impeachment, Capitol Attack Investigation, Trump Third Party Launch, Tacoma Protest/Deadly Indianapolis Shooting, and NFL Conference Championships Among Top News/Talk Stories Over the Weekend. The number of COVID cases and deaths in the U.S. and the strategic troubles affecting the rollout of the vaccines; the Article of Impeachment against Donald Trump; the arrests being made during the investigation into the January 6 attack on the U.S. Capitol; the rumors that Donald Trump intends to launch a third political party; the Tacoma protest in which a police officer drove into a crowd and the shooting in Indianapolis in which five adults and an unborn child were killed; and Sunday’s NFL Conference Championship games were some of the most-talked-about stories on news/talk radio over the weekend, according to ongoing research from TALKERS magazine.

Pending Business: Value. Sales and marketing pro Steve Lapa says, “Presenting the value proposition is a never-ending challenge, especially for the broadcast seller. I’ve seen too many sellers get hung up on product features that are station-centric – important to management, talent, and the seller. The truth is the advertiser doesn’t see it the same way.” The past year has taught us that the value perception of your station’s product has changed. For more on this, read Lapa’s column here.

WCCO-AM, Minneapolis Program Director John Hanson Exits. The Minneapolis Star-Tribune reports that Entercom’s news/talk WCCO-AM, Minneapolis has let program director John Hanson go. Hanson had been serving as the station’s PD since the fall of 2018. Hanson is a native of the Twin Cities who worked on air as co-host of KSTP-TV’s “Twin Cities Live” afternoon talk show that launched in 2008. He joined Entercom in 2013 to program sports talk KCSP-AM, Kansas City. The reason for Hanson’s departure is not clear but the staff was alerted in a memo from market SVP Shannon Knoepke, who wrote on January 21, “Reaching out this afternoon to notify the staff that John Hanson is no longer with the company, effective today. More to come as we move forward and work to fill this position.”

WJBC, Bloomington-Normal Adds Michael Koolidge Show. The independently syndicated Michael Koolidge show is added to the program schedule at Cumulus Media’s WJBC-AM, Bloomington-Normal, Illinois in the 12:00 noon to 2:00 pm slot. Koolidge says, “We couldn’t be more excited to join WJBC. I’ve been trying to break into the Bloomington-Normal market for years and I’m thrilled that Cumulus’ WJBC decided to pick up the show!” WJBC operations manager Dan Westhoff says, “We are very excited to be adding ‘The Michael Koolidge Show’ to our lineup. Michael’s been very successful throughout Illinois and the Midwest and we can’t wait to have him on WJBC.”

Marc Bernier Show Celebrates 30th Anniversary. Pictured above is WNDB, Daytona Beach talk host Marc Benier broadcasting live from DB Pickles restaurant in Ormond Beach, Florida celebrating his 30th year on air as a talk host. The celebration was also a benefit for Halifax Urban Ministries. January 21 was declared “Marc Bernier Show Day” with a flag flown over the state capitol and declarations declared honoring Bernier in the cities and county of Volusia. A number of local and state officials attended the broadcast.

WRHU Radio Hofstra University will Receive World Radio Day Award 2021.  In conjunction with World Radio Day coming up on February 13, the Academy of Radio Arts and Sciences of America has selected WRHU Radio of Hofstra University to receive the 2021 World Radio Day Award. The honor commemorates World Radio Day, established by UNESCO (United Nations Educational, Scientific, and Cultural Organization) and is celebrated annually on February 13. World Radio Day is intended to raise greater awareness among the public and the media of the importance of radio. WRHU is the first student-run station to receive this honor.  WRHU Radio 88.7 FM is the campus radio station of Hofstra University, a private university located on Long Island in Hempstead, NY. The station has been the recipient of numerous regional, state, and national awards, including three prestigious Marconi Awards from the National Association of Broadcasters (2014, 2017, and 2019).  With studios housed in Hofstra’s Lawrence Herbert School of Communication, the station has been committed to training the next generation of radio professionals for more than 60 years in a wide variety of radio genres including news, sports, public affairs, community programming, and music. For the past decade, WRHU has exclusively produced and distributed radio broadcasts of New York Islanders hockey games, the first and only college radio station to have such an agreement with a professional major-league sports team.  “We are immensely honored to receive this award of recognition,” said Mark Lukasiewicz, dean of the Lawrence Herbert School of Communication. “WRHU and its managers and staff deserve enormous credit for carrying on their work throughout the pandemic and providing vital information to the community.”  The annual World Radio Day Award honors a U.S. radio station that exemplifies the best attributes of the radio industry. Recipients may be large or small stations, commercial or noncommercial, located in any market, and broadcasting in any language. The award jury looks for stations that demonstrate ideals of localism, audience reach, community service, effective use of new digital platforms, diversity in program content and staffing, and financial and ratings success.  For this year’s award, the jury has highlighted the work done during the coronavirus pandemic, in light of UNESCO’s theme for the World Radio Day 2021 celebration, which is “New World, New Radio” in the sense that radio is a medium for resilience of our society. The jury of Academy is composed by eight highly qualified professionals of the broadcast industry (in alphabetical order): Heather Cohen, EVP, The Weiss Agency; Michael Harrison, founder/publisher, TALKERSPaul McLane, editor in chief, Radio WorldMike McVay, president, McVay Media ConsultingFrancisco Montero, partner, Fletcher, Heald & HildrethChris Oliviero, SVP/MM, Entercom New York; Deborah Parenti, publisher, Radio Ink; and Paul Rotella, president of the New Jersey Broadcasters Association. WRHU was recognized for its efforts during the crisis, expanding its content as student and community staffers worked and broadcast from their homes during a New York state lockdown. Hofstra University has been cited on the Best College lists of U.S. News & World ReportThe Princeton ReviewFiskeWashington Monthly, Forbes, LinkedIn and Payscale.com. It is the only university chosen to host U.S. presidential debates in three consecutive election cycles (2008, 2012 and 2016). The World Radio Day Award was initially created by the Spanish Radio Academy to spread awareness of World Radio Day. The annual February 13 commemoration was endorsed by a resolution of the United Nations General Assembly and accompanied by the creation of the International Radio Committee, which collaborates with UNESCO to promote World Radio Day each year. Last year, the award went to all-news station, WTOP, Washington DC.  The 2021 World Radio Day Award will be presented to WRHU at Hofstra University in early February. For more information, click here.

Townsquare Media to Repurchase 10 Million Shares. In a press release, Townsquare Media, Inc announces it has entered into an agreement to repurchase a minimum of 10 million of the 12.5 million shares of Class A common stock, shares of Class B common stock and warrants held by funds managed by Oaktree Capital Management L.P., for $6.40 per security, which reflects a 19% discount from the closing price of the Class A common stock on Friday, January 22, 2021. The repurchase was approved by the board of directors following the recommendation of a committee of independent and disinterested directors. The aggregate purchase price is expected to be at least $64 million, subject to the company’s ability to elect to purchase additional securities at closing of the repurchase. At closing, the repurchased securities will be retired and, subject to the company’s election to repurchase additional securities, the company’s outstanding securities will be reduced from approximately 28 million to approximately 18 million. Townsquare CEO Bill Wilson says, “We appreciate the opportunity to facilitate this significant transaction with Oaktree and are excited about this repurchase, which secures the exit of a very long-term private equity majority shareholder that current and potential shareholders have described to me consistently as being an obstacle to investing more, or establishing a position, in Townsquare given the significant overhang Oaktree’s holding represented. This repurchase is immediately accretive to shareholders and we thank our board of directors for their vote of confidence in our medium and long-term business plan to grow revenue and profits.”

TALKERS News Notes. According to a report by Chicago media writer Robert Feder, WGN-AM, Chicago afternoon news anchor Kim Gordon has resigned from the Nexstar Media Group station after 15 years. It’s rumored that Gordon will be joining Cumulus Media’s crosstown news/talk WLS-AM to serve as the afternoon news anchor on the Big John Howell program. Back at WGN, Feder reports that Lauren Lapka will be the news anchor on the Steve Bertrand afternoon program…..iHeartMedia flips sports talk WFXJ-AM, Jacksonville “The Game” to Gospel as “Hallelujah AM930/93.3 HD2.”…..News and sports radio pro Mike Smith is leaving his gig with iHeartMedia’s WBEX-AM, Chillicothe, Ohio to pursue other career opportunities, The 43-year radio pro says, “Thanks to all the great listeners, which many, many of them became life-long friends, and I can say the same about my colleagues being life-long friends and that means more to me than any nice thing that anybody ever said about the job that I did.”

Monday Memo: Who Will Replace Rush?

| January 4, 2021

By Holland Cooke
Consultant

 

BLOCK ISLAND, RI — It’s talk radio FAQ #1. GMs – excuse me, “market managers,” overseeing more-stations-than-they-have-time-to-hear – are anxious, now forced to pay attention to 15 hours a week they’ve had on autopilot for decades.

Short answer: Nobody can

Thousands of our talk radio brothers and sisters will always owe him for leading the format that extended AM radio’s useful life. On my TV show I reminded Michael Harrison of a prediction he made at the TALKERS New York conference 20 years ago, that talk will eventually save FM, where music formats are now largely robotic and under assault from streaming and satellite competitors that users love. Many pay to subscribe.

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Wednesday, November 13, 2019

| November 13, 2019

Salem Third Quarter Revenue Down 2.2%. Total revenue for the third quarter of 2019 for Salem Media Group, Inc. was $64.1 million, down 2.2% from the same period in 2018.  It also posted an operating loss of $14.5 million in Q3 compared to operating income of $6.3 million a year ago.  Salem is reporting a net loss of $20 million, or $0.75 net loss per share, “impacted by a $17.5 million loss on the disposition of assets and a $1.9 million impairment of indefinite-lived long-term assets other than goodwill, compared to net income of $1.2 million, or $0.05 net income per diluted share in Q3 of 2018.  Salem breaks its divisions down into three segments: Broadcast, Digital and Publishing.  In the third quarter, net broadcast revenue decreased 2.3% to $47.7 million from $48.8 million.  Same station net broadcast revenue decreased 1.4% to $46.5 million from $47.2 million and same station SOI decreased 11.4% to $10.6 million from $12.0 million.  Digital was also down 12% for Salem to $9.1 million.   However, publishing revenue increased 15.3% to $7.3 million from $6.3 million.  Salem also reports a $17.5 million ($13.0 million, net of tax, or $0.49 per share) net loss on the disposition of assets which includes a $9.9 million estimated pre-tax loss for the pending sale of radio stations WAFS-AM in Atlanta, Georgia, WWDJ-AM in Boston, Massachusetts, WHKZ-AM in Cleveland, Ohio, KEXB-AM (formerly KTNO-AM) in Dallas, Texas, KDMT-AM in Denver, Colorado, KTEK-AM in Houston, Texas, KRDY-AM in San Antonio, Texas and KXFN-AM and WSDZ-AM in St. Louis, Missouri, a $4.7 million pre-tax loss from the sale of radio stations WWMI-AM and WLCC-AM in Tampa, Florida and WZAB-AM and WOCN-AM (formerly WKAT-AM) in Miami, Florida, a $1.6 million pre-tax loss from the sale of radio station WDYZ-AM (formerly WORL-AM) in Orlando, Florida and a $1.3 million pre-tax loss on the exchange of radio station KKOL-AM in Seattle, Washington for KPAM-AM in Portland, Oregon.

DeMann Named Director of Programming for JVC’s Florida Stations. Programming pro Stevie DeMann joins JVC Broadcasting as director of programming for the company’s Florida radio station group that includes talk WDYZ-AM, Orlando and WYGC-FM, Gainesville “Florida Man Radio 660AM/105.5FM” and five music brands.  DeMann was most recently operations manager for Cox Media Group’s Orlando cluster.  DeMann says, “I wanted to find the right situation before getting back into the business.  The team at JVC Florida is the best.  From management to programming, sales and promotions, they are all pros that love working together to create successful local content, events, and promotions.  I am thrilled and thankful to CEO John Caracciolo and EVP Shane Reeve for trusting me to ensure our on-air product is the best.”  Caracciolo comments, “Our company is in rapid-growth mode and we require someone with a significant and successful programming background to show that live and local radio is what listeners and clients want and can be done well.  Stevie’s history and background in Orlando allows JVC such a leg up on the competition in that market.  His experience in big markets like Boston, Orlando, and others will lend a tremendous hand with our already successful team in Gainesville-Ocala.  I am very excited about the future of JVC in Florida and across the country!”

TALKERS News Notes. In Miami, sports radio personality Brian “The Beast” London exits his position with Entercom’s sports talk WAXY-AM, Miami “790 The Ticket” where he was a cast member on the “Tobin & Leroy” morning show and assistant program director for the station…..Today, Lexington, Kentucky news talk WVLK “97.3FM/590 AM” is airing a nine-hour broadcast dedicated to addressing the opioid crisis and how it impacts Central Kentucky and the Commonwealth.  Titled, “Enough: Opioid Awareness Day,” the Cumulus Media station is partnering with Lexington city government, local organizations, and businesses to present the personal stories of addiction and recovery, city and state programs designed to help, the physical and physiological effects that lead to addiction, and alternatives to pain medications…..Envision Networks’ “GeekOut” celebrated the airing of its 500th episode this past weekend.  The daily audio and video vignettes are hosted by Peter Welpton, formerly managing director and resident technology “guru” for longtime, syndicated hosts “Lex and Terry.”  Envision says, “‘GeekOut’ is a daily vignette highlighting everything techies love.  Each episode covers a variety of topics including technology, movies, video games and all things geeky.”…..Lemonada is announcing its third original podcast, “Good Kids: How Not to Raise an A**hole,” is premiering on November 26 with five episodes.   Lemonada co-founders Jessica Cordova Kramer and Stephanie Wittels Wachs say the new series “is a podcast for anyone in the trenches of parenting or anyone with an opinion on parenting (see: everyone).  For 15 minutes each week, a diverse set of parents, teachers, policy makers, and world shapers grab the mic and offer relevant advice, rants, and reflections on child-rearing today. It’s funny, touching, helpful, and exactly what the world needs right now.”  Earlier this year, Lemonada Media partnered with Cumulus Media’s Westwood One to distribute, sell, and build audiences across the Lemonada network…..There’s a new iHeartRadio Original podcast launching titled, “The Women.”  It’s hosted by Rose Reid and features “personal and candid interviews with some of today’s female changemakers – including artists, politicians, amateur kickboxers, mothers, and lovers – who didn’t back down in the face of resistance.”  Episode one features former CIA agent and current New Mexico congressional candidate Valerie Plame.  Plame revisits the year 2003, when she says the Bush administration blew her cover in retaliation for a critical op-ed written by her husband…..PodcastOne announces the debut of the “Adulting Like A Mother Father” podcast in partnership with The Direct Message Network.  New episodes each Tuesday feature actress and entrepreneur Daniella Monet and her fiancé Andrew Gardner navigating parenthood and defining what it truly means to “adult.”

Impeachment Process/Ukraine Affair, 2020 Presidential Race, SCOTUS Hears DACA Arguments, Trump-Erdogan Meeting, Bitter Cold U.S. Weather, Hong Kong Violence, and the NFL’s Kaepernick Workout Among Top News/Talk Stories Yesterday (11/12). The impeachment process against President Trump and allegations against him in the Ukraine affair; the Supreme Court hears arguments about the status of the Obama Administration’s Deferred Action for Childhood Arrivals act; the controversy surrounding President Trump’s scheduled meeting today (11/13) with Turkish President Recep Tayyip Erdogan; the unseasonably cold weather affecting the U.S. north and east; the violent protests in Hong Kong; and the NFL-organized workout for quarterback Colin Kaepernick were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Westwood One: AM/FM Radio Gets Out the Vote. The latest installment of the Westwood One blog uses Nielsen Scarborough data and Nielsen Media Impact to show that AM/FM radio is a consistently effective tool “for political campaigns needing to cut through the clutter.”  Some of the conclusions drawn include: AM/FM radio has mass reach: according to Nielsen Scarborough data, AM/FM radio reaches 88% of likely voters, more than the Internet (85%), TV (83%), and Facebook (62%). AM/FM radio also has significantly greater reach among likely voters than SiriusXM(18%), Pandora (17%), and Spotify (10%); AM/FM radio reaches Twitter users: with the recent announcement that Twitter will no longer take political ads leading up to the 2020 election, AM/FM radio steps in to fill the void. According to Scarborough, AM/FM radio (88%) outreaches Twitter (18%) among likely voters. Among likely voters, 90% of Twitter users are reached by AM/FM radio. By investing in AM/FM radio, political campaigns get virtually the entire Twitter audience for free; AM/FM radio reaches every key voting segment: 88% of Democrats, Republicans, and swing voters are reached weekly by AM/FM radio; and AM/FM radio makes your TV better: according to an actual U.S. Senate campaign run in Nielsen Media Impact for an October 2018 media buy, a TV-only media plan achieves a 79% reach. Reallocating 20% of the media budget to AM/FM radio boosts reach to 90%, a +14% increase in incremental reach versus just TV alone for the same budget.  Read the blog here.

NPR and Edison Research: Spoken-Word Audio Consumption Up 20% in the Last Five Years. During yesterday’s webinar, NPR and Edison Research revealed data from The Spoken Word Audio Report that examines listener behaviors and preferences related to spoken word audio – podcasts, news, sports, talk radio, and audiobooks – and includes five years of previously unreleased data from Edison Research’s Share of Ear study.  Among the findings of the report are: The share of time spent listening to spoken word audio has increased 20% since 2014, while time spent with music across the same period decreased 5%.  This shift is led by a dramatic increase in spoken-word audio consumption on mobile devices across age groups and increases in spoken word share among those ages 13-34.  Other findings include: 121 million Americans listen to spoken-word audio each day, an increase of 16 million people in the last five years; growth in spoken-word listening has been greatest among young people: those age 13-34 now spend 19% of their audio time with spoken-word audio (up 58% from 2014); mobile technology use is driving growth in spoken-word audio category: 22% of listening to spoken-word audio in 2019 is now on a mobile device, compared to 9% five years ago; and spoken-word audio yields deep connections and involvement from its consumers, with large percentages of consumers reporting they turn to spoken-word audio content for information, inspiration, entertainment, and companionship.  See the study here.

Music Radio News and Career Moves. Programming pro Dylan Salisbury is appointed program director for Cumulus Media’s CHR KKMG, Colorado Springs “98.9 MAGIC FM.”  He moves west from the company’s Indianapolis CHR WZPL where he was serving as assistant PD and music director…..Envision Networks’ “Full Metal Jackie Radio” starring Jackie Kajzer adds Beasley Media Group’s rock WRXK-FM, Ft. Myers “96K-Rock” to its affiliate list as the station adds the program to its Saturday night program schedule. Kajzer is the KILPOP 2018 Metal Programmer of the Year and a four-time FMQB “Metal Host of the Year” recipient for her work on “Full Metal Jackie Radio.”…..Another round of on-air staff reductions at an Entercom cluster, this time in Miami as on-air pro Todd Durkin exits the morning show at country WKIS “99.9 Kiss Country,” classic hits WMXJ “102.7 The Beach” midday host Jade Alexander Mia leaves, and adult contemporary WLYF “101.5 LITE-FM” afternoon personality and APD Kimba is out…..In Madison, three on-air personalities are gone from the airwaves at Midwest Communications stations.  Julie Jacobs is gone from the midday gig at adult contemporary WMGN “Magic 98.”  Dave Ogden exits the middays/APD role at country WWQM “Q106,” and Jason Ryan loses his evening host/traffic reporter gig on “Q106.”…..Cumulus Media’s Westwood One offers a four-hour, Thanksgiving country radio special hosted by CMA and ACM award-winning, multi-platinum artist Luke Combs.  Luke and his friends are going to talk food and traditions with a side of gratitude and a lot of music. Guests joining Combs on the show include: Blake Shelton, Florida Georgia Line, Thomas Rhett, Keith Urban, Carrie Underwood, Dierks Bentley, Old Dominion, and Kelsea Ballerini.