Mike Mcvay | TALKERS magazine - “The bible of talk media.” : TALKERS magazine – “The bible of talk media.”

Tag: "Mike Mcvay"

Thursday, August 5, 2021

| August 5, 2021

Beasley Broadcast Group Second Quarter Net Revenue Up 96%. Reporting its financial data for the second quarter of 2021, Beasley Broadcast Group (parent company of Beasley Media Group) indicates net revenue was $59.6 million, an increase of 96.1% over the same period in 2020. The company posts operating income of $5.8 million compared to the $17.6 million operating loss it reported in Q2 of 2020. Station operating income also rebounded to $11.1 million compared to the $11 million SOI loss it posted in the same period a year ago. Beasley CEO Caroline Beasley states, “Beasley’s strong 2021 second quarter financial results reflect growing momentum across our media platform, as the continuing broad-based economic recovery accelerated demand from consumers and advertisers for our premium content and marketing and advertising services. With the significant rebound in the commercial advertising market, second quarter net revenue of $59.6 million increased 24% over first quarter 2021 levels and 96% over the comparable prior year period. Top line growth combined with the meaningful actions we have taken over the past year to permanently reduce costs and improve operating efficiencies, resulted in a significant rebound in net income to $0.2 million and SOI to $11.1 million, as well as positive free cash flow of approximately $1.0 million. Throughout the second quarter, the resumption of advertising in key categories combined with the success of our content monetization strategies resulted in year-over-year revenue growth across all fifteen of our markets, with healthy double-digit revenue increases in Boston, Detroit, Philadelphia and Wilmington. Notably, our continued emphasis on strong local content and consumer engagement drove best-in-industry ratings performance for our station clusters, according to Nielsen. Our cumulative on-air audience share approached pre-pandemic levels in the second quarter, having grown consistently since the height of the COVID-19 pandemic in 2020. While second quarter non-traditional revenue (NTR) and events revenue was minimal, we made the strategic decision to fully re-open our events business in the third quarter, given the continued strengthening of commerce and consumer activities in our markets, and expect incremental revenue from this source in the second half of 2021. As we work to return all of our revenue sources to pre-pandemic levels of operation, we are closely tracking potential impacts from the Delta variant and the uncertainty it may bring to businesses we serve and our future operating results. Our ongoing focus on digital innovation and the strategic investments we are making in our digital and esports infrastructure and content production capabilities are delivering positive results and continue to highlight the value of our long-term revenue and cash flow diversification strategies. Growing consumer and advertiser demand for Beasley’s digital audio content drove a 96% year-over-year increase in digital revenue, with digital accounting for approximately 13.4% of total second quarter revenue, compared to 13.4% in the prior year period and 12% in the 2021 first quarter. With growing audience share and engagement, Beasley’s digital network delivered record digital audience impressions in the second quarter, with total digital impressions growing 29% over the prior year period.”

Salem Media Group Q2 2021 Total Revenue Rises 20.6%. The total revenue for Salem Media Group’s second quarter of 2021 was $63.8 million, an increase of 20.6% over the same period in 2020. Salem posted operating income of $5.6 million for the quarter, compared to the operating loss of $900,000 it reported during the second quarter of 2020. The company’s net income for Q2 of this year was $2.3 million compared to the net loss of $2.5 million it reported for the second quarter of 2020. Salem Media Group reports data for its three business segments and the Broadcast segment’s net revenue for this quarter was $46.8 million, up 18.5% from the same period a year ago. Station operating income rose 66.6% to $10.6 million. The Digital Media segment saw revenue rise 9.5% to $10.3 million and the Publishing segment revenue was $6.7, an increase of 68.3%. As of June 30, 2021, the Salem Media Group had $216.3 million outstanding on the 6.75% senior secured notes due 2024, no balance outstanding on the Asset Based Revolving Credit Facility, and $11.2 million outstanding on Paycheck Protection Program (“PPP”) loans from the Small Business Administration.

Saga Communications Q2 Net Revenue Up 49.7%. Second quarter financial data from Saga Communications, Inc. reveals that the company’s net revenue was $28 million, an increase of 49.7% over the same period in 2020. The company posted operating income of $4.6 million compared to the operating loss of $8.6 million it reported in the second quarter of 2020.  Station operating expense increased $2.4 million to $21.0 million for the quarter compared to the same period last year. Station operating income was $8.4 million for the quarter compared to a loss of $181,000 for the second quarter of 2020. Free cash flow was $4.2 million for the quarter compared to a negative $1.8 million for the same period last year. Saga’s balance sheet reflects $59.4 million in cash on hand as of June 30, 2021 and $59.6 million as of August 2, 2021.  The company’s total bank debt remained at $10 million as of the end of the second quarter 2021.

Urban One Second Quarter Net Revenue Climbs 41.6%. Today’s second quarter 2021 financial report from Urban One, Inc., parent company of Radio One, indicates the company’s net revenue was approximately $107.6 million, an increase of 41.6% from the same period in 2020. Broadcast and digital operating income was approximately $49.6 million, an increase of 64.3% from the same period in 2020. Urban One reports operating income of approximately $37.9 million for Q2 of 2021, compared to approximately $20.4 million for the same period in 2020. Net income was approximately $17.9 million compared to approximately $1.4 million for the second quarter of 2020. Urban One CEO and president Alfred C. Liggins, III says, “Overall we had an extremely strong second quarter; not only was Adjusted EBITDA up 82.4% year-over-year, but we also surpassed our Q2 2019 pre-pandemic Adjusted EBITDA. We are experiencing unprecedented advertiser interest in our audience across the entire Urban One platform. The radio advertising business saw a robust rebound from the worst impacts of the pandemic in Q2 2020, with segment revenues up by 73% and radio syndication revenues up 50.2%. We also benefitted from strong TV scatter markets, with TV advertising revenues up 21.3% in the quarter; furthermore, registered interest in our 2021-22 TV upfront sales presentations has also been extremely encouraging, which will help our fourth quarter revenue performance. Demand for our digital products remains high, with digital revenues up by 147.9% for the quarter and Adjusted EBITDA up by over $6 million; a significant help to our top and bottom-line growth. For Q3, our core radio business excluding political is currently pacing up by over 40%, and we are comfortable increasing our FY21 Adjusted EBITDA guidance to mid-$130 million, excluding casino chase costs. During the quarter we completed the second tranche of our Class A ATM share sale program, which yielded $21.2 million net of fees. This cash influx further strengthened our balance sheet, and we ended the quarter with $129.8 million of cash on hand, which is a healthy place to be ahead of the exciting new investment opportunity in the One Casino & Resort in Richmond, Virginia.”

Ralph Nader is This Week’s Guest on Harrison Podcast.  Legendary consumer advocate, political activist, prolific author, Pacifica radio talk show host and five-time presidential candidate Ralph Nader is this week’s guest on the award-winning PodcastOne series, “The Michael Harrison Interview.” Harrison and Nader engage in a fascinating discussion about “left/right political thinking” in America as well as social and business changes influenced by advancements in technology, plus more. Nader says working class Democrats and Republicans alike have far more in common than they have differences and that unbridled corporatism is the true enemy of the poor and working class regardless of race or political ideology. To listen to the podcast in its entirety, please click here.

NAB Announces 2021 Marconi Finalists. The finalists for the 2021 Marconi Awards have been announced. The news/talk Station of the Year finalists are: WSB-AM, Atlanta; WTOP-FM, Washington; KSSZ-FM, Columbia, Missouri; WLW-AM, Cincinnati; and KNX-AM, Los Angeles. (NAB lumps all-news and news/talk stations into the same category.) WSB-AM, Atlanta is also up for Legendary Station of the Year. Talk radio hosts making the finals include, for Major Market Personality of the Year, George Dunham, Craig Miller, and Gordon Keith from sports talk KTCK-AM, Dallas “The Ticket.” In the Large Market Personality of the Year category, finalists include: WFLA-AM, Tampa’s Jack Harris; WBAL-AM, Baltimore’s C4 and Bryan Nehman; WHPT-FM, Tampa’s Mike Calta; and WWTN-FM, Nashville’s Dan Mandis. Medium Market Personality of the Year category finalists include: KRMG-FM, Tulsa’s Dan Potter; KIDO-AM, Boise’s Kevin Miller; KYKX-FM, Tyler, Texas’ Harlen the Sports Guy and Pigskin Bob; and WHO-AM, Des Moines’ Simon Conway. See all the finalists here.

TALKERS News Notes. Next Tuesday (8/10), McVay Media’s Mike McVay is joining Loyd Ford from Rainmaker Pathway Consulting Works, LLC for “The Radio State Of The Union Live Event” on The Encouragers on Clubhouse. It’s being billed as “a frank discussion about employment, job search, career management, corporate & local radio and the future” and takes place at 7:00 pm ET. Ford says, “We have been discussing the people we love in this business, the talent. This is a unique time in our history. If you are on the talent side of the business, it takes some skill to navigate your way through what is happening. I reached out to Mike because he really does have such deep experience and knows radio as a talent, a consultant and someone who ran programming for one of the largest broadcasters in the country. Plus, he’s willing (like I am) to be candid. This will be a conversation with red meat and a lot of helpful hacks to get ahead, stay balanced and help others.”…..Legendary WGN-AM and WGN-TV sports producer Jack “Rosey” Rosenberg will be recognized by the City of Chicago with an honorary street sign. The southeast corner of E. Illinois Street and Cityfront Plaza Drive will double as “Jack Rosenberg Way.” Rosenberg’s career at WGN began in 1954 where he was a producer, news writer, and sports editor and worked with celebrated sports voices including Jack Brickhouse, Harry Caray, Vince Lloyd, Lou Boudreau, and others. WGN says, “Rosey was a pioneer in modern sports production and broadcasting and is credited with its development. While Rosey himself was rarely heard on-air, the sound of his typewriter clacking in the background was unmistakable.” Rosenberg died December 26, 2020 at the age of 94…..Futuri announces the launch of AdMatic, “a revolutionary system that helps podcast platforms and creators make their content more discoverable and monetizable using advanced metadata sorting and deployment.” Futuri CEO Daniel Anstandig adds, “Two million podcasts all have the same problem: poor metadata sorting that leads to mismatched recommendations for listeners and ineffective advertising for businesses. AdMatic solves this by using Futuri’s AI-driven technology to individually categorize podcast episodes and align with the businesses and products that best match on a case-by-case basis, rather than the hopelessly broad one-size-fits-all approach we currently see in the market.”

COVID-19 Delta Variant/Outbreaks & Mask Policies, Eviction Moratorium, Cuomo Allegations-Impeachment Possibility, Infrastructure Bill, January 6 Investigation, the Tokyo Olympic Games, and California Wildfires Among Top News/Talk Stories Yesterday (8/4). The fast-rising number of COVID-19 Delta variant cases in numerous U.S. states, governors under fire and mask policies; President Joe Biden’s moratorium on evictions; the allegations of sexual impropriety against New York Governor Andrew Cuomo and the possibility of his being impeached; the bi-partisan $1 trillion infrastructure bill; the investigation into the January 6 Capitol attack; the Tokyo Olympics; and the California wildfires were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Thursday, July 1, 2021

| July 1, 2021

TALKERS 2021 Conference Video Posted – “Programming News/Talk Radio in the ‘20s.” The fourth video, under the direction of Art Vuolo, from the TALKERS 2021 Conference that took place at Hofstra University on June 11, is posted. This installment explores the main challenges facing spoken-word commercial radio’s largest and most influential format as we move into the highly unpredictable third decade of 21st century. Introduced and sponsored by Doug Stephan of the “DJV Show” and moderated by Mike McVay, CEO of McVay Media Consulting, the panel includes Phil Boyce, senior VP/spoken word format, Salem Media Group/Salem Radio Network and VP/operations New York region; Michael Czarnecki, PD, WONK-FM, Washington, DC/iHeart Podcast ChannelDave LaBrozzi, SVP/programming, Red Apple MediaJosh Leng, CEO, Talk Media NetworkGreg Stocker, executive producer, Rich Zeoli Show and APD, WPHT, Philadelphia; and Joe Thomas, morning show host/PD, WCHV, Charlottesville, VA. TALKERS will be posting a new video from TALKERS 2021 each business day until all 10 are archived and available for on-demand viewing.

WFAN, New York Programmer Mark Chernoff Honored with Studio Naming. Yesterday (6/30) was Mark Chernoff’s last day on the job at Audacy’s WFAN, New York and the CBS Sports Radio Network. Chernoff retired from the company after an illustrious career in which he served as program director for legendary sports talk outlet WFAN for 28 years. In honor of his service, the company dedicated the sports newsroom as “The Mark Chernoff WFAN Newsroom.” Pictured above are (top l-r): Craig Carton, Chernoff, Al Dukes, and Eddie Scozzare and (bottom l-r): Boomer Esiason, Jerry Recco, and Chris Oliviero. The plaque reads: “Program Director 1993-2021. Influenced the sound of New York sports over four decades while nurturing the careers of many who traveled this space. Dedicated June 30th, 2021.” (Photo: Audacy)

WSB, Atlanta Meteorologist Kirk Mellish to Retire; Christina Edwards to Join the Station. A meteorologist dedicated just to a radio station is indeed a rare thing in today’s media landscape and Cox Media Group’s WSB Radio (WSB-AM/WSBB-FM, Atlanta) has enjoyed the service of “first and only radio-only” meteorologist Kirk Mellish for 34 years. Mellish will retire at the end of July and transition into a consultant role through the end of the year. However, the station will not be without a meteorologist as Christina Edwards will assume the role. Mellish says, “When I joined WSB in Atlanta in July 1987 just three years after graduation, I never would have thought I’d stay this long. It has been a blessing to turn my childhood hobby into a career and to serve most of these decades as the first radio-only, full-time meteorologist in the country. This is the type of broadcasting innovation typical of WSB and CMG leadership in the industry. It has been an honor and privilege to work with so many great colleagues and big names in our business in management, on-air and behind the scenes. I look forward to the next chapter in my life and am excited to pass the baton, or should I say barometer, to Christina Edwards who will be a great fit for the tradition of weather coverage on 95.5 WSB.” About her new position, Edwards says, “I am thrilled to be joining the legendary 95.5 WSB Radio! I grew up in metro Atlanta, listening to Kirk Mellish’s weather reports during my family’s daily commute, and I continue to listen even today. I appreciate Kirk’s ability to break down complex weather forecasts in a way listeners can understand. And, of course, diving into the details online in his weather blog. I am thankful for Kirk’s service and weather forecasts. It is an honor to join 95.5 WSB Radio and continue in the footsteps of Kirk’s legacy.”

iHeartMedia and Audacy Honored by Philly Civic Organization. The Philadelphia operations of iHeartMedia have been named a 2021 honoree of The Civic 50 Greater Philadelphia by Philadelphia Foundation, in partnership with Points of Light and other local partners. Modeled after Points of Light’s national program, The Civic 50 Greater Philadelphia provides a standard for corporate citizenship and showcases how employers use their time, skills and resources to drive social impact in their communities and company. iHeartMedia Philadelphia director of news and community affairs Loraine Ballard Morrill says, “iHeartMedia Philadelphia’s six stations have a long history of community service, especially critical during this pandemic. We are deeply honored to receive this recognition. To quote President Barack Obama, ‘If you go out and make some good things happen, you will fill the world with hope.’” Audacy vice president of social impact Sarah Harris says, “We are honored to be recognized as one of the region’s most community-minded companies. And I am thrilled to share our national impact and commitment to supporting sound communities in our inaugural social impact report. Thank you to our employees, partners and neighbors for the incredible work you do to move people to action within our markets.” Pictured below at a ceremony for the honor are (from l-r): Michael Nutter, former Mayor of Philadelphia; Natalye Paquin, president & CEO, Points of Light Foundation; Sarah Harris, VP social impact, Audacy; David Yadgaroff, SVP / market manager, Audacy Philadelphia; Diane Melley, Points of Light board member & executive director, Philadelphia Foundation; Pedro Ramos, president & CEO, Philadelphia Foundation.

HOLIDAY DOUBLE HEADER: Mandy Connell and Vince Benedetto Are This Week’s Guests on Harrison Podcast. KOA, Denver 12:00 noon to 3:00 pm personality Mandy Connell and Bold Gold Media Group founder/CEO Vince Benedetto are this week’s guests on a special Independence Week edition of the PodcastOne series, “The Michael Harrison Interview.” Harrison states, “We wanted to do a short-but-sweet salute to the nation’s 245th birthday and the selection of Mandy Connell and Vince Benedetto really fits the bill. Mandy is a refreshingly objective conservative commentator and rising star in news/talk radio armed with facts, wit and goodwill. She articulates the subjective nature of today’s media and the role that it plays in perpetuating the wave of polarization gripping our republic. Vince Benedetto is a former Air Force pilot and U.S. intelligence agent with a remarkable wealth of scholarly knowledge about the founding fathers and the formative years of America’s development from Thomas Jefferson all the way through the mega-challenges faced by Abraham Lincoln. Together, but separately, Mandy and Vince present an informative and thought-provoking tribute to our nation’s past, present and future. Happy Birthday, America!” To listen to the podcast in its entirety, please click here

iHeartMedia Unveils ‘NextUp’ Podcasting Initiative. The iHeartPodcast Network is launching an initiative called “NextUp” that takes up-and-coming and underrepresented diverse creators and gives them a chance to learn all about the world of podcasting from iHeartMedia. This initiative is being led by iHeartPodcast Network executive producer Anna Hossnieh and executive podcast producer Joelle Smith. Hossnieh says, “I’m excited to help launch ‘NextUp’ with the iHeartPodcast Network, an initiative that takes underrepresented diverse creators and gives them a chance to learn all about the world of podcasting from one of the largest global podcasting networks. Led by myself and fellow executive podcast producer Joelle Smith, the program will mentor two people in each of iHeart’s three major podcasting hubs: Los Angeles, New York, and Atlanta. We believe by helping to elevate the voices of underrepresented storytellers and providing an incredible opportunity to be heard, iHeart will become the epicenter of compelling podcast talent and an industry leader in helping to address the market inefficiencies among underrepresented audio creators. The program will take place over five months and include a monthly stipend. ‘NextUp’ aims to empower participants by giving them the tools to succeed in the podcast industry – from developing and marketing a podcast to using industry-leading software. Participants in ‘NextUp’ will learn from some of iHeartRadio’s top creators and leave the program with at least three finished episodes and a polished pitch for their podcast. Submissions to apply for the program open July 5 – July 9 and can be found here.

Trump Org CFO Surrenders, COVID-19, Tucker Carlson NSA Allegations, Condo Collapse, Big City Violent Crime, Cosby Released, House January 6 Investigation, CCP Anniversary, Heatwaves, and Donald Rumsfeld Dies Among Top News/Talk Stories Yesterday (6/30). Trump Organization CFO Allen Weisselberg surrenders to authorities after being indicted by a grand jury; concerns about the COVID-19 Delta variant and the slowing rate of vaccinations in the U.S.; FOX News host Tucker Carlson claims he’s being surveilled by the NSA on the Biden administration’s orders; the continuing rescue efforts at the collapsed condo in Florida; the soaring rate of violent crime in America’s large cities; Bill Cosby is released from prison after a PA court overturned his conviction; the U.S. House plan to investigate the January 6 Capitol attack; the 100th anniversary of the Chinese Communist Party and Xi Jinping’s warning to the West; the record-setting heatwaves in the Pacific Northwest and the Northeast; and former Defense Secretary Donald Rumsfeld dies were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

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.”

Read More

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.”