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Wednesday, October 20, 2021

| October 20, 2021

Liberty Media Sells All Shares of iHeartMedia Stock. The company is exiting the broadcast radio business after selling 5.94 million shares of iHeartMedia’s Class A common stock – a trade that’s worth about $150 million. Variety has the story and reports that “between November 2017 and February 2018, Liberty Media purchased $600 million of iHeartMedia debt for a total of $490 million. After iHeartRadio reduced its debt load through a bankruptcy settlement, the bonds were converted into about 6.9 million shares.” iHeartMedia issued the following statement: “We appreciate Liberty’s support for iHeartMedia, originally as a holder of debt which then converted into a meaningful equity stake, and we are delighted that they received a good return on their investment.” The iHeartMedia stock was part of the company’s Liberty SiriusXM Group that owns 78.1% of SiriusXM stock, 32% of Live Nation stock, plus small percentages of Formula One Group and the Atlanta Braves.

Audacy Acquires WideOrbit. There are no financial details included in the Audacy press release as the company announces its acquisition of “an exclusive, perpetual license to WideOrbit’s digital audio streaming technology and the related assets and operations of WO Streaming. This acquisition gives Audacy control of its product roadmap to deliver enhanced consumer-facing streaming features for its 170 million monthly listeners.” At this time, it’s unclear if this deal is the “small digital acquisition for approximately $40 million” that Audacy referenced last week when it announced it was offering $45 million in senior secured second-lien notes to raise capital, but it appears likely. Audacy will operate WO Streaming under the name AmperWave. The entire WO Streaming team, led by John Morris, SVP streaming, joins Audacy. Audacy chairman, president and CEO David Field comments, “The WideOrbit digital audio tech business perfectly complements our organic investments to make Audacy’s digital platform the top choice for listeners, clients and partners.”

Boston Sports Talkers ‘Toucher & Rich’ Launch Syndication Effort. WBZ-FM, Boston “98.5 The Sports Hub” morning drive duo “Toucher & Rich” Fred Toucher (left) and Rich Shertenlieb (right) – along with cast member Jon Wallach – begin a regional syndication effort on Monday (10/25). Beasley Media Group says the show recently celebrated 12 years on ‘98.5 The Sports Hub’ as the dominant program for Male and Adult audiences 25-54. Beasley Boston VP and market manager Mary Menna says, “We are thrilled to be able to bring Toucher & Rich’s unique brand of content and humor to sports fans throughout New England through this syndication initiative. The T&R team is already a favorite with their passionate audience. We look forward to expanding that loyal audience through this new affiliation!” Toucher says, “Being syndicated has always been a career goal and I am very excited to start this new challenge.” Rich adds, “I couldn’t be more excited to launch ‘Toucher & Rich’ into syndication. Our listeners have always been the most loyal in radio, and I’m thrilled to introduce our show to a whole new audience of potential T&R lifers.”

Bob Kessler to Anchor Midday News at WGN-AM, Chicago. Longtime WGN Radio news reporter Bob Kessler is now anchoring midday news Tuesdays through Fridays. Kessler joined WGN in 1994 as a producer and became a weekend newsroom anchor in 1997. Kessler’s work has been recognized with an award from the Illinois Associated Press Broadcasters’ Association in 2019. WGN news director Ryan Burrow says, “Bob’s been an integral part of the WGN family for decades. He’s a great newsman and capably leads the anchor desk. A true teammate, he brings a positive energy and personality to the newsroom. I’m glad we’re able to expand his role on the news team.”

WWO: WARC Study on the Value of Audio to Marketers. In this week’s blog from CUMULUS MEDIA | Westwood One’s Audio Active Group, a study from marketing advisory firm WARC and iHeartMedia is examined. Titled, “The Investment Gap: Understanding the Value of Audio,” it reveals “a major audio investment gap for marketers.” It notes that 1) Consumers spend 31% of their media time with audio, yet audio is only allocated 8.8% of media budgets. Other media represent 91.2% of ad spend and 69% of consumer media use; 2)  Marketers overspend on digital and TV, and underspend on audio: WARC’s analysis reveals brands are overspending on TV and digital by 32%, and underspending on audio by a factor of 3X; 3) AM/FM radio generates a +36% increase in monthly reach for the average brand: An incremental reach analysis of 15 P&G brands conducted via Nielsen Media Impact, the media optimization platform, reveals the average P&G brand experiences a +36% increase in reach to their TV plan through the use of AM/FM radio; 4) The younger the demographic, the greater the lift in reach: Across P&G’s 15 brands, the lift in reach generated by AM/FM radio keeps growing in younger demographics. Among persons 35-44, the average P&G brand realizes a +63% increase in reach due to AM/FM radio. Among persons 25-34, AM/FM radio doubles the TV reach. See the blog here.

Cumulus Podcast Network to Join Strata Platform. A new partnership between Comcast’s FreeWheel, Cumulus Media, and Triton Digital brings Cumulus Podcast Network’s premium podcast inventory into the Strata media stewardship platform. The FreeWheel’s Strata allows agencies to automate the podcast buying process within their existing platform workflow, including receiving electronic proposals and sending electronic orders. Through this partnership, Strata users will be able to find and buy impression-based premium podcast inventory from Cumulus Media that is validated by metrics including downloads, as measured by Triton Digital’s Podcast Metrics measurement service. FreeWheel says this will mark the first time a podcast publisher has surfaced titles and lineups, which are curated groups of podcasts designed to reach specific desired demographics and psychographics, with metrics measured by industry leader Triton Digital, in a media buying platform. Cumulus SVP, digital operations and business development Larry Linietsky says, “Cumulus Media is pleased to expand its partnerships with FreeWheel and Triton to provide current and future marketing partners efficient access to the Cumulus Podcast Network’s vast offering of premium podcasts spanning entertainment, news, sports, politics, business, money and technology as well as the voices from our 413 stations.” Triton president of marketing development John Rosso adds, “Triton is pleased to be partnering with FreeWheel and Cumulus Media to provide advertisers with streamlined access to trustworthy, aggregated podcast data within their media buying system for the first time. Our IAB-accredited Podcast Metrics lineups provide advertisers with consistent data across networks and publishers, making the process of discovering, planning, analyzing and ultimately buying podcasts at scale seamless and efficient.” Strata users will be able to access Cumulus Podcast Network’s premium podcast inventory in the Strata system beginning in the 4th quarter of 2021.

Stonecom Adds Sports Talker to Livingston, Tennessee Market. The Overton County News reports that Stonecom debuts a new sports talk radio station for the Livingston, Tennessee market. “Sports Radio 104.7 emanates from WKXD-HD3 and is heard on translator W282AG at 104.7 FM. Stonecom president and GM Larry Stone says, “We know sports fans in this area are passionate about our local teams. During all the years doing Titans Caravan stops in Cookeville and Crossville, I saw that first-hand. It’s Big Orange Country with a huge love of everything orange. We love our championship high school sports around the region, and support the hard work of Tech athletes. ‘Sports Radio 104.7’ will serve that passion.” Programming will include “Outkick 360” featuring Jonathan Hutton, Chad Withrow and Paul Kuharsky, “The Dan Patrick Show,” “The Rich Eisen Show,” and more.

January 6 Investigation/Bannon Held in Contempt, COVID-19, Supply Chain Woes/Inflation, Biden Reconciliation Bill, Afghanistan Withdrawal Investigation, Chinese Military Aggression, Southern Border Crisis, Kidnapped Missionaries, and Facebook Rebrand Among Top News/Talk Stories Yesterday (10/19). The investigation into the January 6 attack on the Capitol and the committee’s vote to refer Stephen K. Bannon to the DOJ for criminal prosecution; the rate of COVID-19 cases in the U.S., booster shots, and mask & vaccine mandates; the effects of the supply chain breakdown on the availability of consumer goods and soaring retail prices; President Joe Biden considers reducing his $3.5 trillion reconciliation bill to $1.9 trillion; the State Department inspector general’s investigation into the withdrawal of U.S. troops from Afghanistan; China’s development of hypersonic weapons and its aggression against Taiwan; the migrant crisis at the U.S.-Mexico border; the 17 missionaries being held for $17 million ransom in Haiti; and rumors that Facebook is planning a rebrand were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Fresh Edition of ‘The Fisher House Story’ Available for Veterans Day and the Holidays. There’s new programming from the Fisher House Foundation for this Veterans Day as well as for the holiday season. The Jeff Wyatt Group has produced a fresh edition of “The Fisher House Story” for 2021 available for download. “The Fisher House Story – Peace of Mind and a Place to Heal” is a radio special provided in varying lengths for news/talk radio stations as well as a 30-minute public affairs show for all formats in the U.S. and around the world. Fisher House Foundation provides a home away from home for families of patients receiving medical care at major military and VA medical centers. Fisher Houses provide temporary free lodging so families can be close to their loved ones during a medical crisis because “A Family’s LOVE is Good Medicine.” The program is available in three-hour, one-hour, 25- and 30-minute radio special versions and is hosted by long-time radio personality Jeff Wyatt. It features stories of America’s heroes, the families who serve by their side, and how Fisher House plays a role in their journey. This informational talk show will leave listeners feeling inspired during Veterans Day weekend (Veterans Day is Thursday, November 11) and through the holiday season, sharing stories of amazing service members, veterans, and their families. Host Jeff Wyatt’s love and respect for our military will only amplify these radio specials, scheduled to deliver Oct. 28 for potential airing Veterans Day weekend, during the holiday season, and for Memorial Day and 4th of July weekends as well. You can hear a demo and see the clock at: radio.fisherhouse.org. For more information on this radio special, available cash and barter free, contact Jeff Wyatt at 301-518-3640 or jw@thejeffwyattgroup.com.

Tuesday, October 27, 2015

| October 27, 2015

cravensjohnJohn Cravens Exits ESPN’s WMVP, Chicago.  He’d been in management at ESPN sports talk O&O WMVP for the past 10 years but now John Cravens is out as vice president and general manager of the property.  Chicago media writer Robert Feder reports Cravens’ history with the station: general saleswmvp manager for four years until being boosted to VP/GM in 2009.  Feder also writes that, although sources have confirmed his ouster, neither side is commenting and it’s uncertain whether his position will be filled or whether his duties will be picked up by others in the organization.  According to figures from Miller, Kaplan, Arase, WMVP’s revenue dipped more than 11% from 2013 to 2014.  Read Feder’s story here.

salemmediagroup logoSteve Deace Show to Be Syndicated by Salem Radio Network.  Iowa-based conservative talk show host Steve Deace’s nationally syndicated program will be distributed by Salem Radio Network beginning November 2, feeding live from 9:00 pm to 12:00 midnight ET.  SRN says the Steve Deace show will air on many of its news/talk-formatted stations across the country and will be available to stations in other markets.  On his newdeacesteve arrangement, Deace comments, “We couldn’t be more excited to be partnering with Salem, which is a leader in conservative multi-media.  It’s the perfect fit for our message, which unashamedly proclaims the pillars of American exceptionalism — faith, family, and freedom.  We are finally getting our shot at the ‘big leagues’ and look forward to reaching a new and bigger audience.”  Deace is a columnist for Salem-owned Townhall.com and recently released the book, Rules for Patriots:  How Conservatives can Win Again (2014 Post Hill Press).  SRN SVP Phil Boyce states, “I have been following Steve’s radio career for several years now and felt he would be the perfect addition to the Salem lineup at 9:00 pm ET, following Hugh Hewitt.  I can’t think of a better time to do this, just as we are one year away from one of the biggest political elections in our country’s history, and Steve is all over this.”

beckglennGlenn Beck to Air in NYC Market on WVNJ in New Jersey.  Nationally syndicated talk star Glenn Beck is being heard in the New York market again as Universal Broadcasting’s WVNJ,wvnj Oakland, New Jersey adds his show for the 11:00 am to 1:00 pm time slot.  The addition of the Premiere Networks program comes just weeks after WVNJ brought New York-based GCN-syndicated talk star Dr. Joy Browne to its roster for live clearance immediately following Beck’s show (1:00 pm to 3:00 pm).  WVNJ director of operations Luis Felix states, “WVNJ is excited to welcome Glenn Beck to the airwaves in New York.  The Glenn Beck program is a perfect fit for our listeners and makes a great addition to our programming lineup.”

nielsen logoRound One of October PPM Ratings Released.  The first of four rounds of October 2015 PPM data from Nielsen Audio is released for 12 markets including: New York, Los Angeles, Chicago, San Francisco, Dallas, Houston, Philadelphia, Atlanta, Nassau-Suffolk (Long Island), Riverside, San Jose, and Middlesex-Somerset-Union (New Jersey).  You can find all the 6+ numbers from subscribing stations here.  Additionally, TALKERS and RadioInfo managing editor Mike Kinosian provides his Twelve Takeaways from this round of data at our sister publication’s site here.  The October 2015 PPM survey covered September 10 through October 7.

shannonjohnnySan Antonio Radio Pro Johnny Shannon Dead at 70.  After a 50-year career in radio, Johnny Shannon died on Monday after a battle with liver cancer.  Shannon had been working for the last 10 years of his career as a reporter for Alpha Media’s news/talk KTSA, San Antonio.  The earlier part of his career was spent working in music formats.  In the San Antonio market, he’d worked at such outlets as KONO and KSMG.  Earlier this year Shannon was inducted into the San Antonio Radio Hall of Fame and five years prior, he was honored as a member of the Texas Radio Hall of Fame.

Odds & Sods.  The tragic case of the death of a New Mexico four-year-old after a road rage incident was the focalkkoblogo point of recent broadcasts on Cumulus Media’s KKOB-AM, Albuquerque.  While the search was still on for the killer of Lilly Garcia, Albuquerque Police Chief Gordon Eden called in to KKOB-AM when morning show host Bob Clark was talking about the story with listeners.  Eden said, “We know that 770 is heard around the Southwest and we need your help in tracking down truckers who may have witnessed the road rage shooting.”  KKOB-AM program director Pat Frisch says, “770 KKOB is a vital part of New Mexico and that could not have been more evident when Chief Eden called in.”…..The national radio broadcast of the 111th Major League Baseball World Series is being carried by ESPN Radio for the 18th consecutive season.  Talent for this year’s broadcast are: “Sunday Night Baseball” play-by-play voice Dan Shulman with analyst Aaron Boone, reporter Chris Singleton, ESPN Radio studio host Marc Kestecher, and ESPN MLB Insider Peter Pascarelli…..ABC Radio announces the availability of three special shows for the Thanksgiving weekend: “Shopping for Kids” with Alex Stone, “Holiday Gift Guide” with host Scott Goldberg, and “Holiday Movie Guide” with ABC Radio entertainment correspondent and movie critic David Blaustein…..AdLarge Media adds two more shows to its roster of podcasts for which it serves as exclusive ad sales rep.  “Women Worldwide” reaches women who benefit from the shared experiences of the show’s notable guests and “The #Hashtag Show” from The Social Network Station draws listeners who want to implement best practices for using hashtags as an effective marketing or social networking tool.

walkeredDC Radio Legend Ed Walker Passes.  Just hours after listening to his final “Big Broadcast” program air on WAMU-FM, Washington, market legend Ed Walker died at age 83 after battle with cancer.  Walker holds a memorable place in Washington, DC radio history as (future renowned TV weatherman) Willard Scott’s partner on the WRC, Washington show “The Joy Boys.”  That show ran from the mid-1950s through 1972.  After that show ended, Walker worked at numerous stations in the market until taking over the weekly “Big Broadcast” show on WAMU-FM in 1990.  Even after being diagnosed with cancer, Walker recorded the program for broadcast on Sunday evenings.  See the Washington Post’s obit by Paul Farhi here.

2016 Presidential Race, European Migrant Crisis/U.S. Immigration Policy, U.S. Patrols South China Sea, Congressional Budget Deal, Russia’s Syria Campaign/U.S. Syria-ISIS Policy, OSU Homecoming Parade Tragedy, and NFL Action Among Top News/Talk Stories Yesterday (10/26). The activities of the candidates for president in 2016; the ongoing migrant crisis in Eastern Europe and the United States’ policy on immigration; China’s warning to the U.S. about its patrol near disputed islands in the South China Sea; the tentative two-year budget deal agreed to by Republicans and Democrats in Congress; the Russian military campaign in Syria and the U.S.’s military policy in the region; the deadly accident that took the lives of four and injured dozens at the Oklahoma State University homecoming parade on Saturday; and the weekend’s NFL games were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS.