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CBS Corp. Announces $1.46 Billion Debt Financing. This has been revealed in the radio trades and in financial news sources but now CBS makes it official with a press statement. The company says that “in connection with its previously announced intention to separate its radio business, CBS Radio Inc. plans to offer $460 million of senior unsecured notes and to enter into a $1 billion senior secured term loan, in each case, subject to market and other conditions. CBS expects that substantially all of the net proceeds from both the notes offering and the term loan will be distributed to CBS. The remaining net proceeds not used for such distribution will be used by CBS Radio for general corporate purposes and ongoing cash needs.” This is not a sale to the public. As CBS reminds us, “The notes will be offered and sold in a private placement to qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933…the notes to be offered have not been registered under the Securities Act, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act.”
SiriusXM Launches Innovative Channel Dedicated to Talk About Music. The satcaster is dubbing it “VOLUME” and calls it “the first-ever 24/7 talk radio channel dedicated to music — its latest news, raging controversies, and non-stop debates – as the focus of the conversation.” The channel will consist of daily shows, artist interviews, weekly specials, a music trivia game show, album reviews, and an in-depth docuseries and more dealing with all genres of popular music. SiriusXM president and chief content officer Scott Greenstein says, “Sirius XM has millions of loyal music fans nationwide and now we are giving those fans a place where they can talk about the music they love. VOLUME will have a deep, all-star roster of talent bringing that conversation only to SiriusXM. It’s yet another example of SiriusXM delivering unique and exciting content to our subscribers. Roger Coletti is the executive producer of this channel and his extensive music expertise makes him the ideal person for this ground-breaking channel.” Some of the shows that will appear on and after the October 17 launch include: live, morning talk show “Feedback” with Nik Carter and veteran magazine editor, entertainment journalist and author Lori Majewski; “Trunk Nation” with DJ Eddie Trunk, who’ll host Metallica’s Lars Ulrich on the debut show; “Debatable” with Mark Goodman and former Spin and Vibe editor and author Alan Light; “Written in My Soul with Bill Flanagan” featuring a series of interviews with legendary musicians, including Robert Plant and Paul Simon; “Rolling Stone Music Now” hosted by Rolling Stone executive editor Nathan Brackett; “Rap Radar Report” hosted by journalist and TV producer Elliott Wilson; “Melissa’s Basement” with Melissa Etheridge (guests booked include David Crosby, Pat Benatar, and Steve Cropper); “Never Meet Your Heroes” with Anthrax guitarist Scott Ian; “True Stories with Kurt Loder”; “The Album Review Show” featuring YouTube star Anthony Fantano; music trivia game “70s 80s 90s Now” with host Jim Shearer; and “The Last of The …” with Ryan Duffy, a journalist, producer and entrepreneur, who will examine the changing landscape in the world of music and tech.
Scripps’ WTMJ, Milwaukee Partners with Milwaukee Business Journal on Local Economy Series. This series will be available on air, online and in print as Scripps’ news/talk WTMJ and the local Milwaukee Business Journal are combining the forces of their newsrooms to present “The Changing Face of Milwaukee” – an in-depth look at “Southeastern Wisconsin’s unprecedented growth in business and infrastructure.” WTMJ vice president and general manager Tom Langmyer states, “As ‘Wisconsin’s Radio Station,’ it’s critical for WTMJ to cover the local news that is affecting our area. Partnering with the Milwaukee Business Journal provides WTMJ great access in the business community and more complete coverage of the economic boom in Southeastern Wisconsin.” WTMJ director of programming and news Eric Brooks adds, “WTMJ and Milwaukee Business Journal reporters will work in pairs to go deeper on this story. With interviews of business leaders and government officials, our teams have created in-depth feature content and expansive digital coverage.” This special news series is in addition to the daily content partnership between the Milwaukee Business Journal and WTMJ. Business Journal reporters share local business headlines six times each weekday along with in-depth analysis of breaking business news in Milwaukee.
Nielsen Audio Releases Third Round of September 2016 PPM Data. The third of four rounds of September 2016 PPM ratings data from Nielsen Audio has been released for 12 markets including: Portland, Charlotte, Pittsburgh, Sacramento, San Antonio, Cincinnati, Cleveland, Salt Lake City, Las Vegas, Kansas City, Orlando, and Columbus. The September 2016 survey period covered August 11 through September 7. You can find the complete 6+ ratings numbers from subscribing stations here. Additionally, TALKERS/RadioInfo managing editor Mike Kinosian provides his “Twelve Takeaways” from this group on the main page of our sister publication here.
The Presidential Race/Post-Debate Analysis, El Cajon Police Kill Black Man, South Carolina Teen Shooter Incident, 9/11 Bill Override, Syria Civil War/U.S.-Russia Relations, Shimon Peres Dies, MLB Playoff Push Among Top News/Talk Stories Yesterday (9/28). The activities of presidential candidates Donald Trump and Hillary Clinton and the analysis of Monday night’s first debate; police in El Cajon, California kill a black man they believed was wielding a gun; a teen shooter in South Carolina kills his father and injures three at a local school; congress overrides President Obama’s veto of a 9/11 bill that will allow victims of the terror attacks to sue Saudi Arabia; the ongoing civil conflict in Syria and the tensions between the U.S. and Assad-backing Russia; former Israeli Prime Minister Shimon Peres dies; and the Major League Baseball playoff push were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.
Odds & Sods. KIRO, Seattle afternoon talk hosts “Ron & Don” are partnering with the Seattle Police Department (with the support of the Seattle Police Foundation and Sleep Train) for the “Beds for Kids Project.” This year, the goal is to provide a minimum of 150 mattresses, bedframes, sheet sets, comforters and pillows to local children in need, with 100% of the mattresses donated by The Dream Bed, a bed-in-a-box brand with a greater purpose of improving sleeping conditions around the world with its buy one-give one model. The Beds for Kids Project was created in 2014 by Seattle police officers Jeremy Wade and Ryan Gallagher after the two responded to a 911 call and discovered two young girls had been sleeping on the floor of their home. They later returned to that same home with brand new beds, both purchased from their own pockets…..Los Angeles Dodgers play-by-play legend Vin Scully will end a 67-year career calling the team’s games on Sunday (10/2). Fans interested in celebrating Scully’s monumental career and wish to witness the end of an era can hear the broadcast via TuneIn’s MLB Radio…..AdLarge Media‘s “So Money with Farnoosh Torabi” wins the prestigious 2016 Plutus Award for the Best Personal Finance Podcast.
Left to Right. In a joint appearance in the Embry-Riddle Speaker Series in Daytona Beach, Florida on Wednesday (9/28), 93.5/1150 WNDB afternoon drive host Marc Bernier (left) interviews CNN’s Paul Begala (center), and Fox News Channel’s Tucker Carlson (right), before a live audience. The trio analyzed the first presidential debate and looked ahead to the general election.
Michael Bloomberg Considers Presidential Run/Presidential Race, Motion Picture Academy Diversity/Oscars Boycott, East Coast Winter Storm, and NFL Conference Championships Among Top News/Talk Stories Over the Weekend. The news that former New York Mayor Michael Bloomberg is considering a third-party bid for the White House plus the activities of the rest of the candidates for president; the Motion Picture Academy’s promise to become more diverse in the wake of planned protests of this year’s Oscars ceremony by Jada Pinkett Smith and Spike Lee; the huge winter storm that dumped feet of snow on the Northeast and Mid-Atlantic states; and the National Football League’s Sunday 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.
Stephen K. Bannon to Host Rand Paul at SiriusXM Town Hall. The taping of the SiriusXM “Town Hall” program featuring guest Senator Rand Paul (R-KY) takes place today (1/25) and the one-hour show will debut tomorrow at 8:00 am on the Patriot Channel. Stephen K. Bannon – host of the “Breitbart News Daily” program (6:00 am to 9:00 am ET) – will interview Senator Paul before an audience of SiriusXM subscribers. The senator will discuss his campaign for the highest office in the land and what his expectations are for the upcoming races in Iowa and New Hampshire. SiriusXM says Bannon will ask the candidate for his thoughts on the biggest issues America faces, his positions on breaking domestic news, his plans to keep the country safe from global security threats, and how a Paul administration would differ from those of his Republican opponents.
Round Four of Holiday PPM Data Released. The fourth and final round of Holiday 2015 PPM data from Nielsen Audio has been released for 12 markets including: Austin, Milwaukee, Indianapolis, Providence, Raleigh, Norfolk, Nashville, Greensboro, West Palm Beach, Jacksonville, Memphis, and Hartford. The survey period was December 3 – December 30. TALKERS magazine’s sister publication RadioInfo has all of the 6+ numbers from subscribing stations here. In addition, managing editor Mike Kinosian presents his “Twelve Takeaways” from this batch of ratings on the main page at RadioInfo.com here.
Bubba the Love Sponge Legal Team Asks Court for Permission to Respond to Nielsen in Pending Motion to Dismiss. In the case of Nielsen Audio v. Bubba Clem, the latter’s lawyers are asking the U.S. District Court for the opportunity to “file a short reply brief in support of their pending motion to dismiss the amended complaint” filed by Nielsen Audio. Nielsen is suing Bubba Clem for damages related to his tampering with the PPM ratings in the Tampa market. Bubba’s legal team is promising the Court a short (five pages) and concise reply brief to assist the court in ruling on its motion to dismiss. Neither side in this case seems willing to settle and if it indeed goes to trial, it’s expected to do so next January.
Celebrating Co-Branded News Efforts. Milwaukee news/talker WTMJ “Newsradio 620” and the Milwaukee Business Journal recently formed a content partnership that includes team reporting, co-branding, digital content and on-air/live reports. Pictured here on January 22 celebrating the partnership are (from l-r): J. Pat Miller, director of marketing and innovation for WTMJ/WKTI; Todd Bragstad, managing editor & print editor – Milwaukee Business Journal; Mark Kass, editor-in-chief – Milwaukee Business Journal; Olivia Barrow, reporter – Milwaukee Business Journal; John Mercure, “Wisconsin’s Afternoon News” host; Eric Brooks, WTMJ program manager; Rich Kirchen, senior reporter – Milwaukee Business Journal; Sean Ryan, reporter – Milwaukee Business Journal, and Tom Langmyer, VP/general manager – Scripps Radio/Milwaukee.
WXDE, Rehoboth Beach, Delaware’s Dan Gaffney Show Begins TV Simulcast. The television simulcast of Dan Gaffney’s morning drive show on WXDE “Delaware 105.9” is a joint effort between station owner Delmarva, WRDE-TV, and production company Catch It Live to bring a portion of the show to TV. WRDE-TV airs the show on its MyCoziTV channel. Gaffney states, “The TV station is airing the early 5:30 am to 7:00 am portion of my show, which gives me great exposure on all the local cable companies in multiple counties, so I am very excited about it. The local content with heavy caller interaction should be a welcome bit of fresh air for morning TV viewers. I just hope they’re not mad I’m pre-empting reruns of ‘McHale’s Navy!’” Catch It Live is owned and operated by Colin Walls. He handles the daily production and live delivery from the Gaffney studios using four cameras and on-screen graphics.
Michael Harrison Discusses Podcasting. TALKERS magazine publisher Michael Harrison is interviewed by veteran radio broadcaster Mike Carruthers (of “Something You Should Know” fame) about podcasting on this week’s installment of “Perfect Your Podcast” at Carruthers’ website Perfectyourpodcast.com. Although podcasting has been around for approximately a decade, Harrison has had digital radio and podcasting on his radar and agenda for about 18 years. As a longtime radio broadcaster and trade journal publisher, Harrison has been a proponent of podcasting and has been encouraging people in the radio industry to embrace it going back to the 1990s. Today, Harrison hosts a rapidly growing and highly acclaimed weekly podcast on Norm Pattiz’s industry-leading PodcastOne platform – “Up Close and Far Out with Michael Harrison” – that is targeted to a segment of the population that Harrison describes as “media freaks around the world.” So why have many radio companies and broadcasters been slow to embrace podcasting? That is one of the topics he discusses in this episode. Other topics include:
• The opportunities and challenges facing podcasters.
• The important differences between the professional and hobbyist podcaster.
• How podcasting differs from radio.
• What it is like working with PodcastOne.
• The growing culture of podcast listeners.
• How podcasting will impact radio and other 20th century media
To listen to this podcast in its entirety, please click here.
Madison Avenue Minority Media Summit Scheduled for February 26 in NYC. Madison Avenue Minority Radio Summit will take place at The New York Times Building in New York on February 26. The event is being hosted by media buying giant MediaVest USA. The company – led by CEO Brian Terkelsen – boasts such global marketer clients as Honda, P&G, and Walmart. Kizart Media Partners managing director Sherman Kizart has been working with Terkelsen and other global media agency CEOs and senior executives to create expanded and greater inclusion of minority-owned and minority-targeted media companies in the media plans and activation of the global media agency’s clients. Kizart states, “The Madison Avenue-Minority Radio Summit is a historic networking opportunity created by MediaVest USA CEO Brian Terkelsen that will foster a unique dialog and foundation between the global media agency community and minority radio community.” More than 20 additional global media buying agencies are expected to attend and participate at this historic Madison Avenue Minority Radio Summit.
Odds & Sods. Nationally syndicated late night host Jim Bohannon is addressing the state of politics in Washington on his Westwood One program as he speaks tonight (1/25) with former senate majority leaders Tom Daschle (D-SD) and Trent Lott (R-MS). The focus will be on “the polarization crisis on the Hill and other important issues facing the country.”…..Over the weekend, 77 WABC New York political editor Rita Cosby spoke with three GOP presidential candidates. Jeb Bush, Rand Paul and Mike Huckabee all joined Cosby on her weekly, Sunday evening program, “Election Central with Rita Cosby.”…..Syndicated radio personality, romance author and clinical psychologist Dr. Ellen Kenner is celebrating her radio program’s anniversary on Saturday, February 6. It will be her 19th anniversary show and the start of her 20th year on air…..Nationally syndicated “Free Talk Live” with hosts Ian Freeman, Darryl W. Perry, and Mark Edge joins the program lineup at Viper Communications-owned WENG, Port Charlotte, Florida for Saturday evenings.
KNX, Los Angeles Grabs Five Golden Mikes. At the 66th annual Golden Mikes awards dinner by the Radio & Television News Association of Southern California – held January 23 in Universal City – CBS RADIO all-news KNX, Los Angeles won five awards. The awards are presented annually for excellence in radio, TV and Internet broadcast journalism. KNX won in the following categories: Best News Broadcast Over 15 Minutes; Best Live Coverage of a News Story for “Studio City Gunman”; Best Documentary for “KNX Spotlight: Age of Drones”; Best Traffic Report; and Best Business and Consumer Reporting for “KNX Money Hour.” Also, recently retired KNX reporter Mike Landa – who spent 46 years with the station – was honored with a Lifetime Achievement Award. Pictured here at the Saturday awards are: Front row (l-r) anchor Mike Simpson; producer David Singer; anchor Chris Sedens; anchor Jim Thornton. Backrow (l-r) anchor/reporter Charles Feldman; traffic reporter Jeff Baugh; producer Laraine Herman; news director Julie Chin; reporter Pete Demetriou; anchor Diane Thompson; and anchor Frank Mottek.