Townsquare Media Q3 Net Revenue Up 6.2%. Third quarter 2019 net revenue for Townsquare Media was $112.6 million, an increase of 6.2% over the same period in 2018. (Net revenue was up 7.9% excluding political revenue.) The company also is reporting year-to-date figures (the first three quarters of the year) and says that net revenue was up 6.7% over the same period in 2018. Net income was up $29 million during the first three quarters of 2019 compared to the same period in 2018. Townsquare CEO Bill Wilson says in a statement, “Townsquare’s third quarter results exceeded our expectations, with ex-political net revenue and Adjusted EBITDA increasing 7.9% and 12.9%, respectively, over the prior year. In addition to the continued strong results of our digital marketing subscription business, Townsquare Interactive, which increased net revenue by 26.0% over the prior year, our Advertising business grew net revenue a very impressive 7.3% excluding political revenue over the prior year. Both segments also achieved strong profit margins in excess of 30% in the third quarter and year to date periods, which as a result increased Adjusted EBITDA by a strong 11.5% in the first nine months of 2019. Continued momentum in our revenue growth, coupled with our disciplined expense management, allowed us to reduce net leverage to 4.7x as of September 30th, a reduction of 0.6x year over year and the lowest net leverage level in our history. The ongoing strong performance of Townsquare Interactive and Townsquare Ignite, our proprietary digital programmatic advertising platform, is contributing to digital revenue being 35% of our total net revenue and reinforces our belief that each of those digital divisions will generate $100 million in annual net revenue within the next two to four years. We believe that our strong financial performance, talented teams, broad product suite of high quality, locally focused multiplatform offerings, and the size and strength of our digital businesses, further prove that Townsquare is not a traditional radio broadcaster, and has evolved to be a premier local media and digital marketing solutions company.”
‘ESPN Tucson’ Adds New Morning Show. The new, two-hour morning drive show on Arizona Lotus Corp’s sports talk KFFN-AM/K285DL in Tucson is hosted by Jeff Dean. He’s a 20-plus year broadcast pro who has served as the PA announcer for University of Arizona Wildcats football and men’s basketball for the past six years. Station operations manager Larry Mac says, “We are excited to have someone with the level of expertise that Jeff Dean will bring to the airwaves here in Tucson. His love of the Wildcats, and his passion for sports will help make ‘ESPN Tucson’ the destination for local morning sports talk radio in the Old Pueblo.” Dean, whose show will air Monday through Friday from 7:00 am to 9:00 am, says, “It’s such an amazing feeling to be able to return home. I really hope to strengthen the relationship between the University of Arizona athletic department and the great sports fans of Tucson. It’s time for these fans to know the real U of A and I hope that I can help facilitate that.”
TALKERS News Notes. An 11-part series of reports in honor of the men and women who’ve served in the U.S. military is available from Cumulus Media’s Westwood One. The Veterans Day report is approximately one minute long and features the men and women who make up the U.S. veteran population. They include perspectives from national leaders and veterans of varying ages about how veterans view their service and the day set aside to honor it. The series is reported and produced by Westwood One News reporter Chas Henry, himself a combat decorated veteran of the 1991 Gulf War…..A special episode of “The Adam Carolla Show” on PodcastOne was released yesterday (11/4) featuring Ford v Ferrari co-stars Matt Damon and Christian Bale. PodcastOne notes that “perhaps the most ‘candid’ moment came after they finished recording the podcast as Carolla and Damon were overheard talking about Carolla’s longtime friend and colleague, and Damon’s long-time public nemesis, Jimmy Kimmel.” Check it out here…..PBS is presenting a Christmas special that will air a number of times in this month and in December featuring some of the traditional popular holiday music written by such composers as Johnny Marks, who wrote “Rudolph the Red-Nosed Reindeer.” Serving as associate producer of the project is Chick Pallotta, who specializes in producing mini-radio programs for the holiday season using the voices of that era to introduce the recordings of their well-known compositions. Some 300 PBS stations will be airing the special…..SiriusXM announces host changes to its SiriusXM Progress channel leading up to the 2020 elections. First, “Signal Boost with Zerlina and Jess,” co-hosted by Zerlina Maxwell and Jess McIntosh will expand to two hours, airing from 7:00 am to 9:00 am ET. Wrapping up the day’s news will be SiriusXM’s John Fugelsang, who joins the Progress channel’s primetime schedule from 9:00 pm to 12:00 midnight ET. Fugelsang previously hosted a show on SiriusXM’s Insight channel. In addition to regular appearances as a political expert on MSNBC, CNN, and FOX News, Fugelsang recently co-hosted the nationally syndicated television entertainment program “Page Six TV.”
Celebrating Brian Kilmeade’s New Book. Crews from New York news/talkers WABC, WOR, and FOX News were at Del Frisco’s steakhouse in New York City to celebrate the publishing of FOX News Channel and FOX News Radio personality Brian Kilmeade’s new book, Sam Houston and the Alamo Avengers: The Texas Victory That Changed American History (2019, Penguin Publishing). Pictured above are (from l-r): FNC’s Bill Hemmer, WABC executive producer Jill Vitale, WOR host Mark Simone, famed defense attorney and fill-in radio host Arthur Aidala, FOX News Radio affiliate relations account manager Tamara Karcev, Kilmeade, WABC program director Dave LaBrozzi, and WABC APD Matt Dahl.
Premiere Networks Offers ‘Early Edition’ of ‘Coast to Coast AM.’ An additional three-hours of “Coast to Coast AM” is being offered by Premiere Networks beginning this week. The company says that “Coast to Coast AM with George Noory – Early Edition” is a partial re-broadcast from the previous night that is available to existing affiliates to air from 10:00 pm to 1:00 am ET, Monday through Friday. In the same press release, Premiere reminds affiliate stations that “Coast to Coast AM” is continuing its long-standing tradition of providing live programming throughout the holidays, including music, special guest appearances, open lines and surprises on Thanksgiving, Christmas Eve, Christmas Day, New Year’s Eve and New Year’s Day.
Impeachment Process, Trump Tax Returns Ruling, Roger Stone Trial, 2020 Presidential Race, U.S. Withdraws from Paris Climate Deal, U.S.-China Trade Negotiations, and Popeye’s Chicken Stabbing Death Among Top News/Talk Stories Yesterday (11/4). The impeachment process against President Trump and the speculation about who will testify; a federal appeals court rules President Trump must turn over 8 years of tax returns; longtime Trump adviser Roger Stone federal trial on obstructing a congressional investigation looking into Russian hacking during the 2016 campaign begins this week; the Democrats vying to challenge President Trump in 2020; the U.S. begins the final stage of exiting the Paris Climate Accord; the U.S.-China trade negotiations, and the death of a Maryland man as the result of an argument at a Popeye’s Chicken restaurant were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.
Hail to the… Chef! Pictured above is Salem Radio Network talk host Mike Gallagher as he broadcast his nationally syndicated program on Monday (11/4) from Famous Hamburger Joe’s restaurant in Surfside Beach, South Carolina to thank owner Tony Cherney for a large donation to Gallagher’s “Food For The Poor” campaign. Gallagher says it was “magical” to have a restaurant provide such a major donation to feed hungry children through “Food For The Poor.”
Alex Luke Appointed SVP of Digital Content for SiriusXM and Pandora. Music and media executive Alex Luke joins SiriusXM to take on the newly created position of senior vice president, digital content for SiriusXM and Pandora. In this role, Luke will lead programming for Pandora and editorial content on the Pandora and SiriusXM digital platforms. Most recently, Luke was global head of programming and content strategy at Amazon Music. He’s also served with Napster and Apple. SiriusXM president and chief content officer Scott Greenstein says, “Alex is an expert in shaping the digital content experience for listeners, and we are excited to have him join us as we continue to advance and evolve how we create and present content for our listeners across our digital platforms. It is vital we ensure that the great content we produce today, as well as what we create in the future, is done in the most attractive and consumer-friendly manner so that it drives growth in usage across our digital platforms.”
Music Radio News and Career Moves. On-air pro Jack Shell exits the midday show at Cumulus Media’s country WFMS, Indianapolis after almost two years there. He moved north from the company’s adult contemporary WLYF, Miami “101.5 Lite FM” in December of 2017. In a Facebook post, Shell says, “Would like to thank those who listened to my show on 95.5 WFMS in Indianapolis, and I am proud to have accomplished quite a bit during my brief time here in terms of ratings and connecting with this audience. Thanks to Cumulus for getting me back into country music radio and giving me a great station on which to perform these last two years.”…..Also leaving a Cumulus Media country outlet is Nathan Fast. He leaves his morning gig at KPLX, Dallas “99.5 The Wolf” after a little more than a year there. He’d been co-hosting the morning program with Lisa Taylor, who remains on the air in AM drive…..Entercom announces that 2019 CMA Awards nominee Luke Combs is hosting its exclusive one-hour “CMA Red Carpet Countdown” immediately preceding the televised CMA Awards beginning at 7:00 p.m. ET on Wednesday, November 13. The show will feature Luke Combs introducing additional content and a curated playlist from Nashville…..The lineup for night two of Entercom‘s RADIO.COM event “KROQ Absolut Almost Acoustic Christmas 2019,” taking place on Sunday, December 8 at the Honda Center in Anaheim is revealed. Taking the stage that evening will be: Mumford & Sons, Twenty One Pilots, The 1975, The Raconteurs, Of Monsters and Men, The Interrupters, lovelytheband, Matt Mason, and DJ Jeremiah Red. A portion of the proceeds from the sale of tickets benefits Para Los Niños and the Al Wooten Jr. Heritage Center…..Pictured below is “NASH Nights Live” co-host Elaina Smith (left) with country star Miranda Lambert (right) after Lambert appeared as a guest on Smith’s podcast “Breaking Thru with Elaina.” The interview will also be heard as part of Smith’s “With Elaina,” the Westwood One syndicated two-hour weekend country program for pop culture junkies, entertainment fans and country music lovers!
By Jerry Del Colliano
Inside Music Media
EXCLUSIVE TO RADIOINFO AND TALKERS
Millennials have their own technology just as baby boomers had records, radio and TV.
Except technology has very little to do with the impact that “Generation Y” is making on media and just about everything else.
Sure there is Facebook that they went to college with, and Napster that helped disrupt the record business, iPads, apps, smartphones, Instagram and their latest devilish work – to unbundle cable and make Netflix the new standard for the on-demand content they, well – demand.
Radio consolidated about the time the first Millennials were in grade school and the industry just assumed that young listeners would always be there to like radio.
The music industry that consisted of old white men who were lawyers thought Napster needed to be sued out of existence – and they succeeded.
But the damage was already done.