Tag: "pay cut"
Beasley Media Group Extends Furloughs and Pay Reductions. In a memo to company employees, Beasley Media Group CEO Caroline Beasley announced that the furlough and pay reduction program begun in April and set to expire at the end of June is being continued through the end of the calendar year. In early April Beasley eliminated 67 positions, furloughed some staffers, and cut hours for full-time employees. Beasley told her employees, “No one could have ever anticipated that several of our markets would not begin the first phase of the reopening process until June. As a result, we must continue to adapt to the new financial environment we are facing within each of our individual markets.” Beasley herself continues taking her 20% pay cut while the 10% salary reduction and pared-back hours for full-timers continues through December. Beasley did say if circumstances change, some furloughed employees could return to work sooner.
WPHT, Philadelphia’s Dom Giordano Tackles the COVID-19 Education Crisis in Two-Hour Special. WPHT, Philadelphia “Talk Radio 1210” presented its midday host Dom Giordano’s timely education special titled, “The Looming Learning Crisis.” The two-hour special talk program, written and hosted by Giordano – a former Pennsylvania public school teacher – aired on June 4 and 6 and featured U.S. Sen. Rand Paul (R-KY), American Federation of Teachers president Randi Weingarten, Philadelphia superintendent of schools William Hite and other top officials debating whether students will return to schools in September and how parents can make up for the lost academic ground experienced this year. A variety of opposing views were presented but all agreed that this is a critical issue that is not being debated and discussed enough in the media. The program received rave reviews from listeners and sponsors alike for its even-handed and highly informational approach to the subject.
Alpha Media to Present Companywide Broadcast on Racial Tensions. Tomorrow (6/12) at 10:00 am, Alpha Media will present “United For Justice – A Day of Discussion” that will air on its 65-plus radio stations as well as on the website UnitedForJustice.com. The company says that “The Day of Discussion” will “address the pain that communities are going through due to racial tensions in America. It will feature prominent national and local voices and figures on the front lines in the fight for equality and justice.” Along with radio personalities in Alpha markets, hosts will include Skyview Networks’ Nick Cannon and Dana Cortez, Ebro Darden, Laura Stylez, Tino Cochino, Big Boy, Jubal Fresh, and Radio Hall of Fame host Tom Joyner. Joining anchor host Nick Cannon will be Snoop Dogg, T.I., Congresswoman Maxine Waters (D-CA), California Governor Gavin Newsom, Los Angeles Mayor Eric Garcetti, Arizona State Senator Martin Quezada (D-29th Dist.), and Black Lives Matter co-founder Dr. Melina Abdullah. Apple Music host Ebro Darden will speak with Senator Cory Booker (D-NJ) and Senator Kamala Harris (D-CA) about how the nation is being impacted and the steps we can take towards progress. Alpha Media president and CEO Bob Proffitt says, “The events of the last few weeks are reminding us that this is not a new problem but one that needs to be addressed right now. We have what many other companies do not have, a real medium for change. We should not and cannot allow it to go unused. We are united in that we love the communities we live in. We are united in our love for broadcasting. We are united in the comfort that we have each other’s support. And today, I’m asking that we are united for justice.”
Round Three of May PPMs Released. The third of four rounds of ratings data from Nielsen Audio’s May 2020 PPM survey has been released for 12 markets including: Portland, Charlotte, San Antonio, Sacramento, Pittsburgh, Salt Lake City, Las Vegas, Orlando, Cincinnati, Cleveland, Kansas City, and Columbus. Nielsen Audio’s May 2020 survey period covered April 23 – May 20. You can see all the 6+ numbers from subscribing stations here. TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways from this group of markets noting the slight erosion of weekly, 6+ AQH share numbers that so many all-news and news/talk stations built up over the March and April sweeps. In Portland, Alpha Media’s news/talk KXL-FM lost a full share, finishing the month with a 6.0 share and the #3 rank in the market. Entercom’s WBT-AM/FM, Charlotte loses seven-tenths but remains in the #3 spot with a 6.3 share. In San Antonio, iHeartMedia’s WOAI-AM sheds eight-tenths to wrap the month with a 7.1 share and the #2 rank. iHeartMedia’s KFBK, Sacramento falls 2.2 shares to a 9.4 share but remains ranked #1. Bonneville’s KSL-AM/FM, Salt Lake City drops 2.8 shares and falls from #1 to #4 on the strength of a 6.0 share. See Mike Kinosian’s complete Ratings Takeaways here.
Police Reform Protests/De-Funding Movement, COVID-19 Statistics & Projections, Presidential Race/Elections, Recession/Financial Markets, and NASCAR Bans Confederate Flag Among Top News/Talk Stories Yesterday (6/10). The ongoing police reform protests, the destruction of Confederate and colonial-era statues, Seattle’s “autonomous” zone, and the related de-fund the police movement; the number of confirmed COVID-19 cases in the U.S. and the spike in case numbers in some states; the November presidential election and procedural problems at some primary and local elections; the U.S. officially enters a recession and activity in the world’s financial markets; and NASCAR bans Confederate flag images in all its sanctioned events were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.
TALKERS News Notes. Public media organization WNYC announces that San Francisco Chronicle editor-in-chief Audrey Cooper is named the newest editor-in-chief for WNYC. Corporation chief content officer Andrew Golis tells staffers that in this role, Cooper “will oversee our local news operations: the WNYC newsroom (radio and Gothamist) and our local talk shows, ‘The Brian Lehrer Show’ and ‘All of It.’ News director Sean Bowditch, Gothamist executive editor Jen Chung, and head of live radio Megan Ryan will report to her.” He adds that at the Chronicle, Cooper “guided a 200-person newsroom through dramatic growth in its ambition and audience, all while sharply increasing the diversity of its staff. As CJR wrote a few years ago, under Audrey’s leadership there’s been ‘a near consensus, inside and outside the Chronicle, that the paper is doing its best work in years, perhaps ever.’”…..Hartford, Connecticut outlet WFSB-TV and Connoisseur Media’s radio stations are joining forces to deliver a live broadcast about race and justice featuring community leaders in Connecticut this evening at 7:00 pm. The program is being co-hosted by WFSB-TV’s Dennis House and urban AC WYBC OM and afternoon host Juan Castillo. Featured on the program will be Chaz from the “Chaz & AJ in the Morning” show that airs on rock WPLR and WFOX “95.9 The Fox.” The conversation will include Connecticut Governor Ned Lamont, Connecticut NAACP president Scot Esdaile, Milford police chief and Connecticut Police Chiefs Association president Keith L. Mello, and assistant United States Attorney Ndidi N. Moses. Connoisseur Media CEO Jeffrey Warshaw says, “This is a vital topic for our communities, and profoundly important to Connoisseur Media. We continue to commit resources to helping our society move forward to a brighter future together.”…..ESPN announces it is using Megaphone publishing and ad insertion for its network of podcasts, beginning in July. The Megaphone suite will offer ESPN enterprise-level podcast hosting, publishing, dynamic ad insertion, campaign management, forecasting, and analytics tools in supporting podcasts such as: “Fantasy Focus Football” with Matthew Berry, Field Yates, and Stephania Bell; “The Lowe Post” with Zach Lowe; “The Woj Pod” with Adrian Wojnarowski, “The Hoop Collective” with Brian Windhorst, The “SVPod” with Scott Van Pelt, and “ESPN Daily” with Mina Kimes.
Salem Radio Network Star Larry Elder Is This Week’s Guest on Harrison Podcast. African American conservative talk show host Larry Elder of Salem Radio Network is this week’s guest on the award-winning PodcastOne series “The Michael Harrison Interview.” Elder is an LA-based attorney, author, and documentary filmmaker who represents the conservative African American view that, in many ways, runs counter to the popular political narrative that there is systemic and institutional anti-black racism in America in 2020 as so vividly depicted in the disturbing George Floyd video. Elder believes that message is overblown and sensationalized by liberal politicians, the Democratic Party, the mainstream media, and professional lifelong race baiters – and actually keeps African Americans down, casting them in the role of perennial victims. Harrison states, “Last week on the podcast we presented an in-depth conversation with SiriusXM Satellite Radio ‘Urban View’ channel personality Joe Madison who presented a passionate and compelling case for the message of the Black Lives Matter movement. But anyone who listens to news/talk radio knows that is not the only perspective on the topic and not all African Americans are of the same mind when it comes to the issue. Having Larry Elder on the podcast this week rounds out the conversation that exists among African Americans about the issue.” To listen to the podcast with Larry Elder in its entity as well as last week’s conversation with Joe Madison, please click here or click on the player box marked “The Michael Harrison Interview” located in the right-hand column on every page of Talkers.com.
Music Radio News and Career Moves. Singer-songwriter H.E.R. debuted a brand-new song titled, “I Can’t Breathe,” – written in response to racial injustice – on Wednesday evening’s iHeartRadio Living Room Concert Series Presented by State Farm. The performance streamed on iHeartRadio’s YouTube channel and across iHeartMedia urban and urban AC stations across the country and benefitted Meals on Wheels and Urban League…..Compass Media Networks nationally syndicated talk host Dede McGuire is hosting a Facebook Live Community Conversation about race in America this evening (6/11) at 8:00 pm ET. She’ll be talking with some of her “DeDe in the Morning” affiliate stations about what is happening in their cities. Representative cities are Dallas; Pittsburgh; Milwaukee; Tyler, Texas; and New Haven, Connecticut…..Next week (June 15-19) the ladies are once again taking over Westwood One Nashville’s “Nights with Elaina” show after a successful first round last month. Maren Morris, Kelsea Ballerini, Hillary Scott from Lady Antebellum, Karen Fairchild from Little Big Town, Maddie & Tae, Lauren Alaina, and Runaway June will each take the mic one evening and take the fans into their living rooms for a night of country music fun. Elaina Smith says, “I am so excited and thankful to be doing this again. The ladies of country continue to prove that they are not only insanely talented with their music, they are also hilarious, brilliant, genuine women that do such an amazing job of connecting on every level with our listeners.”
Cumulus Announces Furlough and Pay Cut Plans. It was the last of the large radio companies to take drastic measures, but Tuesday (4/7) Cumulus Media CEO Mary Berner made her employees aware of the company’s plans via a video message. Berner told her workforce that the Covid-19 plan was temporary and will be implemented in the coming days. As part of the plan, Cumulus’ salaried staffers will take three non-consecutive weeks of furlough over the course of 15 weeks that begins on April 20. For the group of employees who don’t have supervisors or don’t have anyone else who can cover for them, they will work for 90-days without pay, beginning April 16. For those employees whose duties have been reduced or eliminated, they are on a 90-day furlough, starting April 16. Berner said the company intends to bring all furloughed employees back when full-scale business operations resume. She is taking a 50% pay cut during this period and says the executive leadership team is taking a 25% cut and is giving up incentive compensation for the year. She said, “Even though these are intended to be temporary actions, I know they are going to land hard – really hard – and that is in the emotional and financial toll that a furlough or salary cut will take on each of you, but also in terms of the increased workload the vast majority of you will have to take on during your co-workers’ furlough weeks. I am truly sorry and sad about this announcement. None of you deserves this.” It’s unclear how the company is dealing with its union-represented air staffers.
‘The Mighty 990’ in Memphis Offering Week of Free Advertising. Memphis news/talk KWAM-AM/W300DE “The Mighty 990” is offering small businesses in the Memphis market a free week of advertising. Starnes Media Group says, “It’s just one significant way the news/talk radio station is lending a helping hand to the community during the global pandemic.” Company CEO Dalton Glasscock adds, “We’ve covered the stories of neighbors and small businesses in this community sacrificing to help in this fight against our invisible enemy. These people, their businesses, and their stories have inspired us to do what we can to help them and other businesses that need an extra hand during this time.” The company adds that Glasscock and president Todd Starnes are not taking their salaries during the pandemic and are committed to their staffers.
‘Cats Roundtable’ to Air on WABC, New York. The nationally syndicated “Cats Roundtable with John Catsimatidis” begins airing on “TALK RADIO 77 WABC” in New York at 9:00 am this Sunday (4/12). Catsimatidis’ Red Apple Media recently closed on its purchase of the radio station and assumed operations. Catsimatidis’ show features “A-list guests from politics, business, science, and more.” Guests on the program have included: Rudy Giuliani, Newt Gingrich, Governor Andrew Cuomo, Mayor Bill de Blasio, Senators Rand Paul, Richard Blumenthal, Kirsten Gillibrand, Charles Schumer, Secretary Hillary Clinton, and more. Catsimatidis says, “It’s exciting for me to have my show on the legendary 77 WABC. WABC is a staple in talk radio and a vital part of New York City. I love New York, and I’m looking forward to welcoming all the new listeners from 77 WABC.” Red Apple Media and WABC Radio president Chad Lopez says, “John’s personal relationships give him unprecedented access to world leaders and newsmakers. We’re delighted to welcome ‘The Cats Roundtable’ to our lineup of great talk shows and to give our advertisers the opportunity to connect with John’s engaged listeners.”
TALKERS News Notes. The content creation deal between iHeartMedia and Aaron Mahnke is extended and includes two more years of new content for the popular “Cabinet of Curiosities” podcast, two new seasons of “Unobscured,” as well as an executive producer role for the newly launched hit “Strange Arrivals,” additional seasons of “Noble Blood” and a new scripted series set to launch this fall. Additionally, the partnership will add a slate of five new podcasts to feature groundbreaking talent including Rabia Chaudry – attorney, advocate, and author of the New York Times bestselling book, Adnan’s Story…..Chicago media writer Robert Feder reports that former WGN-AM evening host Justin Kaufmann is returning to his public radio roots at Chicago Public Media’s WBEZ-FM to host a two-hour, Saturday afternoon call-in show on the coronavirus pandemic. Before joining WGN five years ago, Kaufmann worked for WBEZ for 21 years…..Entercom sports talk WFAN, New York announces the second season of the Travelers Insurance-sponsored Sunday morning program, “Talkin’ Golf with Ann Liguori,” is airing on the station through June 28. Entercom programming SVP Mark Chenoff comments, “Ann is a WFAN original and continues to serve as our premier golf reporter, also covering the U.S. Open Tennis Championship and other special events for the station. No one is more dialed into the sport than Ann and we’re looking forward to the return of her show, giving listeners an inside look at movers and shakers in the game, including players, celebrities, authors, broadcasters and other newsmakers in the world of golf.”…..iHeartMedia Cleveland’s news/talk WTAM and rock WMMS-FM and three local TV outlets joined together last Saturday for a broadcast fundraising effort to help raise more than $150,000 for United Way of Greater Cleveland and the Greater Cleveland Food Bank to assist families in need during the Covid-19 crisis.
U.S. Coronavirus Cases and Death Toll, the Hydroxychloroquine Debate, Trump WHO Criticism, Wisconsin Primary, Acting Navy Secretary Resigns, and Presidential Race Among Top News/Talk Stories Yesterday (4/7). The number of Covid-19 cases in the U.S. and the death toll; the debate over prescribing the anti-malaria drug hydroxychloroquine to combat the coronavirus; President Trump’s criticism of the World Health Organization and his threat to withhold U.S. funds from the organization; the decision to go ahead with Tuesday’s Democratic primary in Wisconsin; acting Navy Secretary Thomas Modly resigns from his post after his controversial badmouthing of the USS Theodore Roosevelt captain; and the state of the presidential race were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.
Music Radio News and Career Moves. International advocacy organization Global Citizen and the World Health Organization are presenting “One World: Together At Home” a program that will be globally televised and streamed in support of the fight against the Covid-19 pandemic. It’s taking place on Saturday, April 18, 2020 at 8:00 pm EDT on ABC, NBC, ViacomCBS Networks, iHeartMedia, and Bell Media networks and platforms in Canada. “The virtual broadcast will show unity among all people who are affected by COVID-19 and will also celebrate and support brave healthcare workers doing life-saving work on the front lines. At this critical moment in history, Global Citizen is also calling on philanthropists to join and support immediate COVID-19 response efforts as part of the organization’s Give While You Live effort. Investors, changemakers and foundation leaders are being urged to actualize their giving and invest quickly in related efforts like stronger health systems and vaccine development.”…..A casualty of the coronavirus-related programming changes at Entercom includes the end of “The TJ Show” on CHR WODS, Boston “103.3 AMP Radio.” The program, hosted by TJ Taormina with co-hosts Loren and Producer Matt, has aired on the station since 2013. Taormina served with iHeartMedia’s WHTZ, New York on the Elvis Duran program prior to joining WODS…..The Compass Media Networks-syndicated “DeDe in the Morning” program adds new affiliate stations: WLGZ, Rochester “105.5 The Beat,” KFXZ-FM, Lafayette, Louisiana; KJMP-AM, Ft. Collins; KJMZ-FM, Woodward, Oklahoma; and KKST-FM, Alexandria, Louisiana. DeDe McGuire states, “Our show is a family. We share our laughs and reveal our personal stories about how we are coping with this pandemic and the new normal it’s creating in our lives. We are all in this together. Connecting to family, friends, and community is more important than ever.”…..Programming pro John Shomby exits his NASH director of programming position and WKDF, Nashville PD role with Cumulus Media. He joined Cumulus in 2016 after serving as director of programming for Max Media’s Norfolk station group for 13 years.
NOW POSTED: New Installment of “The Michael Harrison Wrap: An Overview of the National Conversation.” The vibrant, one-hour weekend special, “The Michael Harrison Wrap,” that looks back each week at the hottest topics discussed in American talk media per the research of TALKERS magazine, is now posted on the website of its flagship station, WONK-FM, Washington, DC. The new episode titled, “Lives versus Livelihood?” looks back at this past week of March 23-27, 2020 and features guests (in order of appearance): Kevin Casey, executive editor, TALKERS; Mike Gallagher, talk show host, Salem Radio Network; Curtis Sliwa, talk show host, 77WABC, New York; Dr. Daliah Wachs, physician/talk show host, Genesis Communications Network; Steve Weisman, professor of law, Bentley University, Boston/webmaster, scamicide.com; Trevor Smith, radio content producer, Aloha Productions, Australia; Bobbie Winston (La Femme Bobbie), American ex-pat/artist, Brazil; Victoria Jones, executive director, DC Radio Company; David Clayton-Thomas, musician, songwriter/former lead vocalist, Blood, Sweat & Tears. This acclaimed news/talk radio show airs each week on WONK-FM, Washington, DC Friday evenings at 6:00 pm ET. It also airs throughout the weekend on WRKO, Boston; KSCO, Santa Cruz, CA; KDFD (“Freedom 93.7”), Denver; KFNX, Phoenix; WVLY, Wheeling, WV; WVOX, Westchester, NY; KBDT, Dallas; KQSP, Minneapolis; KBKW, Aberdeen, WA; WGDJ, Albany, NY; the Virginia Talk Radio Network and Pioneer Valley Radio in Springfield, MA. To listen to this week’s episode (and the program’s complete archives), please click here. To view the latest TALKERS magazine topic research, please click here. “The Michael Harrison Wrap” is now available in syndication via Talk Media Network to stations across America on a market exclusive basis. For affiliation information, please click here or call 616-884-8616.
Adams Radio Reducing Salaries to Avoid Layoffs. In his announcement that Adams Radio Group staffers have agreed to take a temporary 10% pay cut in order to avoid layoffs, CEO Ron Stone says, “I could not be prouder of our employees. Every employee of Adams Radio stepped up to do their part to ensure that no Adams employee would lose their position. We are a family. Our goal is singular. To ensure everyone in our company gets through this crisis with the least amount of harm. This test of our country’s ability to weather a storm is unlike anything any of us have seen, but we will get through this together, and be stronger for it. What seems like a huge sacrifice today, is miniscule compared to what our fathers, mothers, grandfathers and grandmothers sacrificed. At least we are not weathering winter without coats or boots like Washington’s army at Bunker Hill. We are not killing our brothers in a civil war. And we are not living for weeks in foxholes in horrible winter conditions during the Battle of the Bulge. Things could be much worse. I sincerely hope that any company, media or otherwise, will consider overall reductions in compensation on a temporary basis rather than terminate employees. Our most important asset is our people, and we should do all we can to keep them whole. I am so thankful for a staff that not only wants to participate in helping our company weather this storm, they are working tirelessly in our communities to keep our local businesses front and center in the minds of listeners.”
Backbone Offers Broadcast from Home Capability Free for 45 Days. In order to help the radio industry serve the public, digital remote broadcast provider Backbone is offering its Backbone CoHost with LUCI Global apps to radio stations for free for 45 days. The company says, “We need to stay safe, and we need to stay on the air. Working from home is no longer just a futuristic perk, it’s our current duty. This should be easy and affordable, and it can be. There is no need to outlay capital to survive, thanks to our unique, integrated Virtualization in the Cloud. Backbone CoHost PL is a fast and easy way for stations to create an always-available ‘Party Line’ conference room for one or more hosts, guests, and correspondents to contribute live audio for your broadcasts. These two-way conversations are enabled by using the groundbreaking LUCI Global service from Technica del Arte and their free, downloadable apps for iOS, Mac, Android, and Windows platforms. LUCI enables these phones, pads, and computers to communicate with and using the same standard formats used by commercial hardware, including COMREX and TIELINE. CoHost PL is a simplified, unswitched version of Backbone CoHost, allowing users to instantly join the broadcast with the touch of a finger. There are no IT settings to configure, no port selections to worry about, and no equipment to purchase or forget in the car. It all works with whatever device you’re carrying, and over any decent Internet access you can find.” Backbone is offering a fully functional, unlimited demo of CoHost PL and LUCI Global to our existing phone and radio customers, as well as U.S.-based call-letter radio and TV stations, for 45 days, starting March 30. Find out more here. To start a free 45-day trial, email your contact information and a brief note about your organization to: email@example.com
Dom Giordano Launches “Home Learning Tips” One-Minute Feature on WPHT, Philadelphia. Recognized throughout the state of Pennsylvania as a master teacher prior to beginning his stellar, decades-long radio career on some of Philadelphia’s leading news/talk outlets, WPHT mid-morning host Dom Giordano has launched a series of one-minute tips on home schooling for parents to utilize in productively keeping their kids busy while they are home during the coronavirus crisis. The feature runs once per hour between 1:00 pm and 7:00 pm every weekday. Giordano tells TALKERS, “After hearing from listeners about the challenges of working with their kids at home due to schools being closed, I offered my station a one-minute daily combination pep talk and ideas to help their kids at home for parents. The theme is you are your child’s first and best teacher. I’m tapping into my credibility with listeners and my years as an education/parenting analyst and columnist.”
Cumulus’ Dallas Talk Stations Hosting Special Mark Cuban Broadcast Today. Dallas news/talk stations WBAP and KLIF-AM are presenting an on-air town hall with businessman and Dallas Mavericks owner Mark Cuban, titled, “Assisting DFW Businesses During the Coronavirus.” The Cumulus Media stations will simulcast the program from 2:00 pm to 3:00 pm CST. The WBAP/KLIF Town Hall will be hosted by Brian Estridge and Rick Roberts and topics addressed will include: How can businesses survive during these times?; How would the government’s Coronavirus Spending Package assist?; and How can consumers help their local community businesses?
Weighing the Economy Versus Lives Is Top News/Talk Story for Week of March 23-27. The ethical dilemma of whether to save the country’s economy by reopening businesses or keep them shut to limit the deaths and the toll on the health care system was the most-talked-about story on news/talk this week and sitting atop the Talkers TenTM. At #2 this week was the stimulus deal being crafted in Congress and the activity on the world’s financial markets. Coming in at #3 is the status of the U.S. health care system, followed by the presidential race and politics at #4. The Talkers TenTM is a weekly chart of the top stories and people discussed on news/talk radio during the week and is the result of ongoing research from TALKERS magazine. It is published every Friday at Talkers.com. See this week’s entire chart here.
iHeartMedia and Salem Media Group Withdraw Guidance on First Quarter of This Year. Not surprisingly, two of the radio industry’s corporations – iHeartMedia, Inc. and Salem Media Group Inc. – are announcing they are withdrawing their financial guidance originally provided on their 2019 fourth quarter earnings calls. iHeartMedia chairman and CEO Bob Pittman states, “Given the ongoing uncertainty surrounding the duration and magnitude of the COVID-19 pandemic and its impact on the U.S. economy, we believe it is appropriate to withdraw our full-year 2020 guidance. While we cannot determine the full extent of COVID-19’s impact on our business at this time, we are monitoring this rapidly evolving situation closely and look forward to discussing our business in greater detail as part of our first quarter 2020 earnings results investor call.” iHeartMedia COO and CFO Rich Bressler adds, “iHeartMedia had a strong January and February before the effects of COVID-19 began to unfold into a global pandemic in early March. The challenges that COVID-19 has created for advertisers and consumers has impacted iHeart’s revenue in recent weeks, creating a less clear business outlook in the near term. To maintain maximum financial flexibility during this period, we have drawn $350 million on our $450 million senior secured asset-based revolving credit facility (“ABL Facility”). We believe that the additional funds from drawing on our ABL Facility, in combination with our cash balance, provides us with a prudent level of liquidity at this time. We fully appreciate the unprecedented challenges posed by this crisis, however, we remain confident in our business, our employees and our strategy. With our experienced management team and our leadership position in the audio sector, we are committed to navigating this period while serving our audiences and other constituents.” Salem Media Group, Inc. says in a statement, “Based on current indications, Salem expects total first quarter 2020 revenue will be less than previously projected as a result of decreased revenues from advertising, programming, events and book sales. Due to continuing uncertainties regarding the ultimate scope and trajectory of COVID-19’s spread and evolution, the effects of the pandemic on Salem’s audiences, programmers and advertisers, and current and potential future governmental restrictions that may be adopted in the markets in which Salem operates, it is impossible to predict the total impact that the pandemic may have on Salem’s business.”
TALKERS News Notes. Nationally syndicated talk radio star Michael Savage is appointed by President Trump to the board of directors of the Presidio Trust for a term expiring May 4, 2023. Along with the National Park Service, the Presidio Trust manages the Presidio of San Francisco, the former military fort that is now part of the Golden Gate National Recreation Area. The host of the Westwood One-syndicated “The Savage Nation” holds a doctorate in ethnobotanical research from the University of California and both a Master of Science in botany and a Master of Arts in anthropology from the University of Hawaii at Manoa…..Chicago media writer Robert Feder reports that former WGN-AM station manager Todd Manley is producing a new podcast via his EarSight Studios that pairs Windy City communications consultants Lissa Druss and Thom Serafin for “The Crisis Cast.” The episodes will be hosted by former WBBM-AM/WFCS-FM anchor Mariam Sobh. EarSight expects to produce three to five podcasts per week…..Today (3/27), Cox Media Group’s Atlanta stations – led by news/talk WSB-AM/WSBB-FM – is hosting a virtual food drive to benefit the Atlanta Community Food Bank as part of the Stronger Together ATL campaign. Atlanta Community Food Bank continues to provide meals for children, families and seniors as access to nutritious food throughout the COVID-19 crisis, by working with more than 600 nonprofit partners and the new Text for Help program…..The Cumulus Media news/talk teams at WBAP and KLIF-AM in Dallas were well represented at this year’s Texas Associated Press Broadcasters Contest. Reporter Clayton Neville won First Place for Spot News by a Reporter for his coverage of the August 2019 El Paso Shooting. The WBAP news team was awarded Second Place for Spot Coverage by a Station for coverage of the North Dallas Tornadoes in October. For the 6th year KLIF morning drive anchors Dave Williams and Amy Chodroff won First Place for News Anchor Team and WBAP’s Brian Estridge won First Place for Sports Play-by-Play.
PPM Analysis: Classic Rock. TALKERS magazine managing editor Mike Kinosian presents his look at the performances of radio stations based on data from Nielsen Audio’s February 2020 PPM survey, today focusing on classic rock. It was a mixed bag in February for classic rock stations in the PPM markets, with 44% of stations losing weekly, 6+ AQH share and 46% gaining. Year-over-year, 50% of classic rockers lost share while 43% saw an increase. Three classic rock outlets – all owned by iHeartMedia – ranked #1 in February: KRFX, Denver “The Fox” (5.7), WRFX, Charlotte “The Fox” (7.9), and WAQX, New York (in the Middlesex-Somerset-Union market) (7.4). See Mike Kinosian’s entire report here.
More Music Radio News and Career Moves. On-air pro AJ Dukette joins Saga Communications’ classic hits WYNZ, Portland “Rewind 100.9” to host mornings, taking over for the recently retired Chuck Igo. Saga vice president of programming Bob Lawrence says, “When learning that Chuck was retiring, we began an extensive search for the right person to fill his shoes and then – Voila! – AJ appeared late last week. We could not be more thrilled to welcome such a talented, Portland icon.”…..Due to the COVID-19 crisis, the annual Mountain Jam Festival scheduled for May 29-31 at Bethel Woods Center for the Arts in Bethel, New York has been cancelled. Acts scheduled to perform included Gov’t Mule, Trey Anastasio Band, Jason Isbell and the 400 Unit, The Head and the Heart, Grace Potter, and many more…..Empire State Realty Trust and iHeartMedia announce their partnership to “reach those sheltering at home” with WHTZ, New York Z100’s radio waves and Empire State Building’s world-famous tower lights. Tonight at 9:00 pm, the tower of the Empire State Building will illuminate the New York City skyline and beam iHeartMedia’s Z100 with a light show synced to the modern era anthem of New York City, Alicia Keys’ “Empire State of Mind.” The light show will replay on Saturday, March 28, and then again from Monday, March 30 through Thursday, April 2. On Sunday, March 29, the Empire State Building will “shine in a dynamic heartbeat” from 9:00 pm to 10:00 pm in support of the “FOX Presents the iHeart Living Room Concert for America.”