Tag: "networks"
Tuesday, November 10, 2020
iHeartMedia Third Quarter Revenue Down 22%. The earnings report from iHeartMedia for the third quarter of 2020 shows the media company in a slightly better situation than some of its similar-sized competitors as revenue was $744 million, a decrease of 22% over the same period in 2019. (Cumulus Media and Entercom were both down 30% and Beasley was down 25%.) iHeartMedia says that its third quarter revenue was up “53% sequentially, moving from down 47% [year-over-year] in Q2 to down 22% [year-over-year] in Q3. The company adds that October revenue increased 2%, benefitting from significant political advertising and digital revenue increased 17% [year-over-year]. Breaking the report down by segment, broadcast revenue declined 29% from $573 million in Q3 2019 to $404 million this year but increased 66% quarter-over-quarter. Networks revenue declined 26% from $160 million to $119 million but increased 24% quarter-over-quarter. Digital revenue increased 17%, from $97 million to $113 million, led by a 74% increase in podcasting revenue. iHeartMedia posted a loss of $32 million in the third quarter of 2020 compared to the net income of $12 million in Q3 of 2019.
iHM’s Pittman: Podcasting Already Profitable for Us. During yesterday’s investors conference call, iHeartMedia CEO Bob Pittman explained the success of its podcasting segment. He said, “Podcasting continues to be our strongest performing business line, reflecting the fact that we built iHeart into the number one commercial podcast publisher in America, with 252 million downloads a month as of September, which is up 71% year-over-year. In Q3, as measured by Podtrac, we were number one in downloads each month. Our audience continues to be more than twice the size of the next largest commercial podcaster. And we extend that our lead over all other ranked podcasters. Let me share with you our model. We partner with the best content creators in the world – some of whom are our very own radio talent – distribute their content to the largest
audience possible without a paywall, and use the unparalleled scale of our broadcast radio business as a built-in marketing machine to drive engagement with our podcast shows. We feel this is an important part of our secret sauce. It’s how we continue to build hit podcast after hit podcast, and how we continue to grow our leadership position. According to Podtrac’s latest data, not only are we number one overall, but we currently have the most shows featured across all categories, and we have ranked shows featured in all 19 possible categories, the most among all publishers. Let me be clear, podcasting is already a profitable business for us, and has an EBITDA margin that is higher than the overall company margin. Our podcast business is advertiser supported, it’s not subscription based, and it’s not behind a paywall, which enables our creators to share their passion with the widest audience possible, as we distribute their podcast not only on the iHeartRadio app, but across as many other distribution platforms as possible.”
Entercom Closes on $32 Million Acquisition of QL Gaming Group. According to a press release, Entercom Communications’ acquisition of sports data and iGaming affiliate platform QL Gaming Group will give Entercom “unrivaled data, analytics, and insight-driven content to Entercom’s best-in-class sports broadcast stations, influential podcasts, and RADIO.COM.” The QLGG technology portfolio includes sports betting data and analytical capabilities (BetQL), daily fantasy sports (RotoQL), simulation-based sports outcome predictions and game forecasting (AccuScore), and comprehensive analytical coverage of the ATP and WTA Tours (TennisInsight.com), each with respective subscriber base and licensing opportunities. Entercom president and CEO David Field says, “As the sports betting marketplace continues to grow exponentially, the acquisition of QL Gaming Group is a perfect fit for our unrivaled sports audio platform. Integrating QL’s analytics and content with our sports brands enables us to deliver unparalleled experiences for sports fans. The acquisition builds on our track record of digital growth and further enhances our direct-to-consumer technology portfolio with data and analytics capabilities, while also adding an innovative new subscription offering to our platform.” Justin Park, QLGG co-founder and CEO, will continue to lead the business reporting to Entercom president of sports Mike Dee and Entercom chief digital officer J.D. Crowley. Entercom adds that in 2021, under the company’s first full year of ownership, QL Gaming Group is expected to generate approximately $12 million in revenue with an EBITDA margin in the high 20s.
Flag Family Media Partners with Forum Communications to Operate WDAY-AM, Fargo. A deal between Flag Family Media and Forum Communications will give the former “an extensive role in WDAY-AM’s day-to-day operations and provides an eventual path to ownership.” Flag Family Media owns news/talk outlets WZFG, Fargo “AM 1100 The Flag” KTGO, Tioga, North Dakota “AM 1090 The Flag.” Both of Flag Family Media’s principals – Steve Hallstrom and Scott Hennen – have worked at WDAY-AM in the past. Forum president and CEO Bill Marcil, Jr says, “This partnership allows us to focus our attention on our in-depth TV, digital, and print news operations while still sustaining a strong local radio presence in the region. We know Flag Family Media will honor the legacy of WDAY-AM and are looking forward to seeing how they transform our region’s radio experience.” Scott Hennen adds, “This is an extremely significant day for our company, and we look forward to learning from, and working with, some great professionals at WDAY Radio. Steve and I can’t wait to roll up our sleeves and bring some energy and creativity to this legendary radio station.”
WOR, New York’s Michael Riedel Publishes New Broadway Book. WOR, New York morning drive co-host Michael Riedel has released his second book, Singular Sensation: The Triumph of Broadway (Avid Reader Press/Simon & Schuster, 2020), that chronicles “a transformative decade on Broadway, featuring gripping behind-the-scenes accounts of shows such as Rent, Angels in America, Chicago, The Lion King, and The Producers. In this book, Riedel presents the drama behind every mega-hit or shocking flop, bringing readers into high-stakes premieres, fraught rehearsals, tough contract negotiations, intense Tony Award battles, and more. From the bitter feuds to the surprising collaborations, all the intrigue of a
revolutionary era in the Theater District is packed into Singular Sensation. Broadway has triumphs and disasters, but the show always goes on. Riedel, who co-hosts the WOR morning show with Len Berman, says, “I’m a newspaper guy who’s become a radio guy. It’s been my great pleasure to host the morning show with Len Berman on WOR for nearly three years. Len spent his life in sports. I spent mine on Broadway. We certainly talk a lot about politics and current events, but variety is the spice of life, so sports and Broadway are always in the mix. Broadway’s going through a tough time right now, but my book, recounts a better time – the 1990s. I have no doubt that Broadway will be back one day, and Len and I will be there to cheer it on.”
TALKERS News Notes. As eyes and ears shift to Georgia for the January 5 runoff elections to decide that state’s two U.S. Senate races, Salem Radio Network talk host Mike Gallagher’s syndicated late morning talk show will “parachute into Georgia in December” as he launches a “Save The Senate” initiative. Gallagher will use Salem’s WGKA-AM, Atlanta “AM920 The ANSWER” as his December base to follow what promises to be the most expensive runoff election in U.S. history. Gallagher says, “This pair of runoff elections in Georgia will be enormously consequential for America. I’m eager to originate my show from the studios of ‘AM 920 The ANSWER’ in Atlanta for a number of days in December, highlighting the dramatic differences between the Republicans and the Democrats in the race. It is all-hands-on-deck for Georgia!”…..The Cincinnati Enquirer reports that Cincinnati Public Radio’s WVXU-FM had to shut down its operations after a staffer tested positive for COVID-19. As a result, the station is without much local content until further notice. It posted to its website: “Our programming is being provided through a national feed with limited local information. We apologize for this inconvenience and are doing everything possible to maintain the service you expect. We will return to normal operations as quickly as it is safe to do so.”…..Cumulus Media’s Westwood One is presenting the 2020 Masters Tournament with exclusive hole-by-hole coverage beginning Thursday (11/12) through Sunday (11/15). The 84th Masters Tournament from Augusta National Golf Club is being played in November for the first time…..San Francisco public news/talk personality Michael Krasny is retiring from his position with KQED-FM where he’s been host of the late morning “Forum” program for almost 30 years. His last program will be on February 15, 2021. He says, “I want to thank all of the listeners, guests and exceptional colleagues I’ve had the great fortune to encounter over the years as host of Forum. I’ve been unusually fortunate to sustain such a long career serving the Bay Area in a role that allows me to participate in such rich and thoughtful conversations about the topics of our times.”
Biden Transition Process/Trump Refuses to Concede, Barr Orders ‘Irregularities’ Investigations, COVID-19 Stats & Projections, Pfizer Vaccine, SCOTUS Obamacare Case, Trump Fires Esper, and Georgia Runoff Elections Among Top News/Talk Stories Yesterday (11/9). President-Elect Joe Biden proceeds with the transition process while President Trump refuses to concede the election; Attorney General Bill Barr orders Justice Department election crimes office to investigate voter “irregularities”; the fast-rising number of COVID-19 cases in the U.S. and in Europe and projections for fall and winter cases; Pfizer announces its COVID vaccine is 90% effective; the Supreme Court begins hearing arguments on the Affordable Care Act; President Trump fires Defense Secretary Mark Esper and appoints Christopher Miller acting secretary; and the January runoff elections for Georgia’s two U.S. Senate seats were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.
Monday, June 22, 2020
Monday Memo: ‘Mainstream Media’ Redefined. “For several decades,” consultant Holland Cooke reckons, “the term has been weaponized, first by scrappy fringe voices railing against legacy networks and newspapers; more recently by FOX News Channel and Rush Limbaugh,” which Cooke finds “ironic, since ratings qualify them as ‘mainstream.’” Now, as Spotify pays former “Fear Factor” host and MMA commentator Joe Rogan a reported hundred million dollars to distribute his podcast, The New York Times pronounces him “the new Mainstream Media.” And after a bystander’s smartphone captured the George Floyd killing, Cooke asks, “Are not We The People now ‘Mainstream Media?’” In special segment on his TV show, Cooke and TALKERS publisher Michael Harrison discuss how the publisher/consumer balance of power has shifted, even during the pandemic. To view the segment, please click here. To read Holland Cooke’s entire column, please click here.
NRG Media Names Allyson Hillman Market Manager for Waterloo, Iowa. Radio management pro Allyson Hillman is named market manager for NRG Media’s
Pittsburgh Play-By-Play Talent Charged with DUI. Radio play-by-play personality Bill Hillgrove has been charged with DUI in Murrysville, Pennsylvania after driving his car through a grocery store’s plate-glass windows. The Pittsburgh Post-Gazette reports that Hillgrove – the announcer for Pittsburgh Steelers and University of Pittsburgh Panthers football games – went into the store to fill a prescription after hitting the building and drove home in his damaged car. Authorities found him there and arrested him after he failed a preliminary breath test.
Trump Tulsa Rally, NY Prosecutor Fired, Bolton Book, Re-Opening of America/COVID-19 Stats, Police Defunding Debate, Presidential Race, and Deadly UK Stabbing Attack Among Top News/Talk Stories Over the Weekend. Saturday’s Trump campaign rally at Tulsa’s BOK Center; Southern District of New York prosecutor Geoffrey Berman is fired by President Trump; the controversy over the tell-all book by former national security adviser John Bolton; states across the country continue re-opening their economies and the COVID-19 statistics and projections; the debate over protestors’ defund the police demands; the presidential race; and the stabbing in England that took the lives of three and is being investigated as a terrorist attack were some of the most-talked-about stories on news/talk radio over the weekend, according to ongoing research from TALKERS magazine.
Larry Elder Premieres New Film UNCLE TOM: An Oral History of the American Black Conservative. Pictured above is Salem Radio Network talk host Larry Elder (at center, waving) acknowledging a standing ovation at the Dallas premiere of his new documentary film, UNCLE TOM: An Oral History of the American Black Conservative. Elder is executive producer of the film that explores the personal journeys of black conservatives. Attendees at the premiere included former U.S. Congressman Allen West, 2012 presidential candidate Herman Cain, and media personalities, ministers and civil rights activists. SRN V.P. news & talk Tom Tradup says the film is “a groundbreaking documentary that examines self-empowerment and individualism of black conservatives in a compelling, eye-opening perspective.” Elder will talk about the film on FOX News Channel this evening (6/22) when he’s interviewed on “Tucker Carlson Tonight.”
Independent Broadcasters Association Momentum Growing. The movement to create the Independent Broadcasters Association (IBA) is continuing to grow and is approaching its stated goal of 3,000 member stations. The IBA announces that an additional 600 outlets have joined during the past week. The movement was launched by Adams Radio Group CEO Ron Stone when he reached out to 4,000 radio stations gauging their interest in the association. Stone says, “The momentum we are seeing is incredible. We are now up to 424 owners and operators and 2,395
QGoLive RV Radio Road Trip Seeks Affiliate Stations. The RV pictured above is the vehicle QGoLive’s James Copeland is using to tour the country visiting radio stations offering demos of the QGoLive software that enables studio-quality audio from anywhere on any smartphone or computer. AdLarge Media is serving as affiliate sales rep for the service and it notes that QGoLive is already serving more than 100 stations around the country and recently added affiliates such as Cenla Broadcasting of Alexandria, Louisiana; Jam Media; and classic hits WATH-AM and CHR WXTQ-FM, Athens, Ohio. AdLarge’s Jessica Sherman says, “Our QGoLive team are experts in remote broadcasting software. James is on the road to get the word out and to help all operators, large and small, equip their entire team and contributors with remote capabilities. The pandemic has taught us all that radio needs easy solutions for broadcasting from home that sounds great. QGoLive delivers just that, but we can be so much more as broadcasters open up to our new reality”