Tag: "Moelis & Co"
NYPost: iHM Creditors Seek New Restructuring Adviser. According to a report published in the New York Post over the weekend, iHeartMedia creditors are requesting the company replace current restructuring adviser Moelis & Co. iHM did not comment specifically on the reported request other than to say, “Moelis continues to be the firm advising us in connection with our restructuring.” The story also states that a lead iHM institutional lender believes that iHeartMedia has “only a 50-50 chance of reaching a restructuring deal with creditors and avoiding a bankruptcy by early 2018.” The current restructuring offer from iHM that would pay 75 cents on the dollar, has been extended five times and has less than 1% of shareholders on board. But the Post story indicates the company plans to offer a new proposal to creditors within the coming weeks. See the Post story here.
Cooke: Are Your Weekends Hit… or Miss? Media consultant Holland Cooke says smart news/talk stations take advantage of programming that appeals to their listeners’ weekend mindsets. “At many talk stations, Saturday and Sunday are the most profitable days of the week. At smart stations, shows are ‘appointment listening’ that reflect listeners’ weekend routines and bring revenue the station wouldn’t otherwise get. At other stations, management shrugs, and doesn’t (dare) listen.” Yes, a lot of stations put home improvement and consumer-oriented shows on, but often they don’t end up selling them properly and the shows get forgotten by the sales department. Read what Cooke has to say about the potential for revenue with weekend programming here.
News/Talk Personalities Melanie Morgan and Brian Maloney Target Rachel Maddow Show with Online Campaign. Saying that their hand is being forced because of the Media Matters campaign against Sean Hannity’s Fox News Channel advertisers, news/talk media pros Melanie Morgan and Brian Maloney are spearheading a similar advertiser campaign targeting MSNBC’s Rachel Maddow. The two operate the Media Equality Project and are using the hashtag #StopTheScalpings associated with Maddow’s show, urging people to complain if they disagree with her show content.
TALKERS News Notes. Exiting the news department at iHeartMedia Richmond’s news/talk WRVA is anchor/reporter Jeff Stapleton. He writes on his Facebook page, “After 26 plus years in the radio business, and almost 17 years here in Richmond, I was told today that my services were no longer needed. It was sudden and completely out of the blue and it was the day I got back from vacation—which made it very odd.”…..According to the New York Post, Mike Crispino will not return in the fall to call New York Knicks games after the MSG Networks elected not to renew his deal after 25 years with the company. Analyst Brendan Brown is expected to return to the broadcasts…..There’s been no official word from MSNBC, but The Hollywood Reporter is saying that president Phil Griffin – president since 2008 – has signed a new contract to remain in charge of the network. The Hollywood Reporter writes that MSNBC has done well in the early days of the Trump Administration, “To be sure, all three of the top cable news networks were up in the first quarter of the year. But MSNBC has bested even perennial leader Fox News Channel in the all-important 25-54 demographic during primetime in recent days. And ‘The Rachel Maddow Show’ has been the No. 1 cable news program since March.”
Frank Deford Dead at 78. Legendary sports writer and longtime NPR contributor Frank Deford died Sunday in Key West, Florida at the age of 78. Deford contributed sports commentaries for NPR for 37 years before retiring from that position earlier this month. He spent much of his earlier career writing for Sports Illustrated.
Jared Kushner-Russia Connection Investigation, Trump International Trip Aftermath, Texas Sanctuary Cities Bill Protest, New North Korean Missile Launch, Baghdad Bombing, Memorial Day Holiday, Gregg Allman Dies, Tiger Woods DUI, MLB, NBA, and NHL Action Among Top News/Talk Stories Over the Weekend. Reports that the FBI is investigating whether President Donald Trump’s son-in-law Jared Kushner sought a secure communications line with Russians; the aftermath of President Trump’s nine-day trip abroad; the rowdy protests at the Texas State House over a bill prohibiting sanctuary city status in the state; North Korea launches a missile into the sea in Japanese territory; ISIS takes credit for deadly car bombing of a Baghdad ice cream shop; the Memorial Day holiday weekend; Allman Brothers founding member Gregg Allman dies at 69; golfing great Tiger Woods is arrested for DUI; and MLB, NBA and NHL action were some of the most-talked-about stories over the holiday weekend, according to ongoing research from TALKERS magazine.
KKOB, Albuquerque PD Pat Frisch Member of Nevada Broadcasters Class of 2017 HOF. When the 22nd Nevada Broadcasters Association gala kicks off on August 19 at the Four Seasons Las Vegas, Cumulus Albuquerque programmer and OM Pat Frisch will be among the class of 2017 inducted into the Nevada Broadcasters Association Hall of Fame. Frisch is OM/PD for heritage news/talker KKOB-AM, talk KTBL, and sports talk KNML in Albuquerque. From 1990 through 1999, he worked in the Lake Tahoe, Reno and Las Vegas markets in Nevada.
JT The Brick Emcees ‘Coaches vs Cancer’ Golf Event. Pictured above is FOX Sports Radio’s JT The Brick (at the podium) surrounded by college coaches as he emcees the official celebration of the 10th annual Coaches vs. Cancer Las Vegas Golf Classic in Las Vegas on May 21. This was JT The Brick’s fourth year emceeing the event. Fellow FOX Sports Radio personality Doug Gottlieb did his May 22 program live from the tournament that raised more than $1 million for the American Cancer Society.
Music Radio News and Career Moves. San Diego radio pro Robin Roth is named assistant program director at Midwest Television’s rock KFMB-FM. She’s also hosting the evening show. Program director Mike Vasquez comments, “Robin Roth is synonymous with rock and roll in San Diego and having her on our programming team on a full-time basis is going to make us stronger. She brings talent, knowledge and the will to do whatever it takes to win and I’m so thrilled to have her.” Roth has worked in the market at XHRM, XTRA-FM, and KIOZ…..Raleigh morning radio personality Bob Dumas signs a contract extension to continue hosting the “Bob and The Showgram” morning show for iHeartMedia’s CHR WDCG “G105.” The show cast also includes Erica and Brody. iHM Virginia/Carolina region president Dave Carwile says, “We are thrilled to sign Bob Dumas for another three years – Bob and the G105 brand are synonymous with Raleigh.”…..iHeartMedia flips classic rock WDTW-FM, Detroit to variety hits branded as “106.7 The D.”…..Over in St. Louis iHM leaves classic hits behind and brings the “Majic” brand back to the market as W279AQ becomes “Majic 103.7 – Today’s R&B and Throwbacks.” Core artists will include Mary J. Blige, Michael Jackson, Stevie Wonder, Luther Vandross, Maxwell and Janet Jackson. iHM St. Louis SVP of programming A.J. states, “The ‘Majic’ brand is no stranger to St. Louis and has been iconic in the market since 1979. With the launch of the new ‘Majic 103.7,’ we are resurrecting over 35 years of enriching lives and serving the St. Louis community.”