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Wednesday, May 12, 2021

| May 12, 2021

Audacy Names Spike Eskin VP of Programming for WFAN, New York and CBS Sports Radio. Sports and radio programming pro Spike Eskin is being promoted to vice president of programming for Audacy’s WFAN-AM/FM, New York and CBS Sports Radio, effective July 1. Eskin, who has been brand manager for the company’s sports talk WIP-FM, Philadelphia, will take over for longtime WFAN programmer Mark Chernoff, who is stepping down from his roles with Audacy on June 30. Audacy New York SVP and market manager Chris Oliviero says, “Spike has the vision, creativity, and drive to craft the next chapter of the iconic and influential WFAN brand. Along with CBS Sports Radio, his experience will be ideal to fuel our sports production powerhouse of 48 hours a day of original audio, 12 hours of quality television, all alongside a vibrant digital and social experience for both New York and the nation. As a longtime colleague of Spike, I am excited that he has joined our all-star team and have no doubt that he will succeed.” Speaking about his new role, Eskin says, “I’m humbled and excited for the opportunity to help lead WFAN into its next chapter. It’s an iconic station with incredible talent, and I’m looking forward to the challenge. I’m grateful to Chris Oliviero and Audacy for the opportunity. Working at 94WIP over the last decade has been one of the most rewarding experiences of my life. I’m grateful to David Yadgaroff for his belief in me and the staff who stepped up to every challenge.”

Urban One 2021 First Quarter Net Revenue Declines 3.6%. The 2021 first quarter financial results for Urban One, Inc. indicate net revenue was approximately $91.4 million, a decrease of 3.6% from the same period in 2020. Broadcast and digital operating income was approximately $36.4 million, a decrease of 3.3% from the same period in 2020. The company reports operating income of approximately $23.8 million for Q1 of 2021 compared to an operating loss of approximately $27.3 million for the same period in 2020. Net income was $7,000 compared to a net loss of approximately $23.2 million during the first quarter of 2020. Adjusted EBITDA was approximately $28.8 million in Q1 compared to approximately $32.3 million for the same period in 2020. Urban One CEO and president Alfred C. Liggins III, states, “Normalizing for approximately $1.4 million of Richmond gaming chase costs, which were one-time in nature, our Adjusted EBITDA was down approximately 6.3% year-over-year, which was encouraging in the context of pre-COVID radio comparatives for January and February and a lack of political revenues. It is worth noting that compared to Q1 2019, which was a pre-pandemic and off-cycle political quarter, our Adjusted EBITDA was up by approximately 4.1% (and by 9.1% after normalizing for the Richmond gaming project). Our core radio advertising was down approximately 13.7% for the quarter, with January -28.4%, February -19.9% and March +8.8%. Currently for second quarter, core radio is pacing up over 70%, with April finishing at +89%. Our digital business had another strong quarter, with revenues up 64.6% and Adjusted EBITDA up by approximately $3.2 million. Cable TV revenues were down 2.6%, but Adjusted EBITDA of approximately $24.8 million was 14.5% higher than Q1 2019 (approximately $21.7 million), which is a more realistic comparison than the COVID-impacted Q1 2020, during which content production and marketing were effectively shut-off. Under the circumstances, we delivered a solid first quarter, and I anticipate further sequential improvements in Q2.”

Longtime WFAN, New York Programmer Mark Chernoff Named to New York State Broadcasters Association 2021 Hall of Fame Class. One of the four broadcasters joining the New York State Broadcasters Association Hall of Fame this year is longtime WFAN, New York program director Mark Chernoff, who’s been behind the programming helm of the legendary sports talk station for almost 30 years. The NYSBA says, “While known for his sports programming, Mark started his career at music stations including the legendary WNEW-FM from 1985-1989. He was the program director at ‘K-Rock 92.3 FM’ from 1989-1993 which included working with the legendary Howard Stern. Mark again worked as K Rock’s programming director from 2004-2006, where he helped develop the unique ‘Free FM’ format as a response to subscription-based satellite radio services and had the opportunity to work with  Opie and Anthony. He even worked as a rock music DJ for more than a decade. Mark joined ‘The Fan’ in 1993. At WFAN Chernoff oversaw iconic shows such as ‘Imus in the Morning’ and ‘Mike and the Mad Dog.’ Chernoff’s skills were put to the test as he rebuilt WFAN’s programming following Imus’s comments about the Rutgers University women’s basketball team. He managed the legendary Mike Francesa and Chris Russo. Chernoff brought Boomer Esiason and Craig Carton to the station for a morning show that saw ‘Boomer & Carton’ reach No. 1 in the market during their decade-long run. In a recent Newsday interview, Audacy SVP and New York market manager Chris Oliviero stated, “When people think of WFAN, names like Imus, ‘Mike & The Mad Dog’ or Boomer [Esiason] often come to mind, but no name has been more responsible for the consistent excellence of THE FAN than ‘Chernoff.’”

Cumulus Media and Signal Hill Insights Release Podcast Download – Spring 2021. The sixth Podcast Download report from Cumulus Media and Signal Hill Insights is “a comprehensive evaluation incorporating several studies that examine podcast audience and advertiser trends over the past five years.” This sixth installment was released to coincide with the IAB Podcast Upfront as part of Cumulus Media’s commitment to share insights and research findings with the podcast community. Cumulus Media EVP, marketing and president, Westwood One Suzanne Grimes says, “Our new Podcast Download Report underscores the power of the podcast. Listeners look to podcasts for stories, for entertainment, for learning, and for escape, especially in a year of such upheaval. Audiences soared as listeners experimented with a broader array of content genres and used more distribution platforms than ever to listen to their podcasts.” Some of the findings include the conclusion that the pandemic was a podcast listening accelerant. The study reports that among weekly podcast listeners, the COVID-19 pandemic was a catalyst for increased podcast listening. In March 2021, 53% of weekly listeners reported spending more time with podcasts since the pandemic, up +29% from July 2020 (41%). See more about the study here.

WMT-AM, Cedar Rapids Programmer Randy Lee to Retire. According to a report by KGAN-TV, Cedar Rapids, longtime news/talk WMT-AM, Cedar Rapids program director and on-air personality Randy Lee will retire at the end of this month after a 46-year career in broadcasting. Lee has been the program director at iHeartMedia’s WMT-AM for the past 32 years.

SummitMedia Promotes Tom Scott to Vice President of Engineering. Radio engineer Tom Scott is promoted to vice president/engineering for SummitMedia, LLC. In this role, Scott will manage engineering for all SummitMedia Markets throughout the U.S. SummitMedia CEO Carl Parmer says, “We are delighted for Tom to direct all engineering efforts for SummitMedia. It is certainly a well-deserved promotion. His depth of knowledge and strategic vision will be invaluable to us as we continue to innovate and evolve the technical side of our business.”

TALKERS News Notes. A new weekly podcast from CNN Audio titled, “The Handoff,” and starring CNN anchors Chris Cuomo and Don Lemon debuts later this month. CNN says, “Each night during the primetime hours of CNN’s television programming, viewers witness the deep love, honest candor, and respect that these two anchors – and friends – have for one another in their unscripted ‘handoff’ conversations between shows. Now, with no broadcast clock to hold them back, they are stepping out from behind their anchor desks to come together and ignite even more personal and hot topic conversations. Nothing is off limits.”…..Actor Rainn Wilson and author Reza Aslan are teaming up with Kast Media to serve up their podcast, “Metaphysical Milkshake,” set to debut on June 15. Wilson, known for his Emmy-nominated role as Dwight Schrute on the NBC series “The Office,” and Aslan, author of three internationally best-selling books including bestseller, Zealot: The Life and Times of Jesus of Nazareth, “bring their unique backgrounds, philosophies, and curiosities to create a podcast all about life’s big questions.”…..“The Money Pit Home Improvement Show” – nationally syndicated by Talk Shows USA – adds radio stations KHOB-AM, Hobbs, New Mexico and WGAN-AM /FM, Portland, Maine to it roster of affiliates.

Voting Rights Bill Debate, Cheney vs GOP, COVID-19, Pipeline Hack, Israel-Gaza Fighting, Border Crisis, and Gates Divorce Controversy Among Top News/Talk Stories Yesterday (5/11). The debate in the U.S. Senate over the For the People voting rights act; Liz Cheney addresses the U.S. House as the GOP prepares to strip her of her leadership role for challenging the “stolen election” narrative; COVID-19 vaccine hesitancy in the U.S., mask guidelines, and India’s soaring death toll; the gas shortage in the Eastern U.S. due to the DarkSide pipeline hack; the shelling between Israel and Hamas in Gaza; the migrant crush at the U.S.-Mexico border and the Joe Biden administration’s immigration policy; and the controversy over the Bill and Melinda Gates divorce and the Jeffrey Epstein connection were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Thursday, November 5, 2020

| November 5, 2020

Cumulus Media’s Q3 Financial Report Reveals Net Revenue Down 30.1%. Reporting its earnings for the third quarter of 2020, Cumulus Media says net revenue was $196.4 million, a decrease of 30.1% from the same period in 2019. The company also reports a net loss of $15.8 million compared to the $16.3 net income reported for the third quarter of 2019. Same station net revenue was $196.4 million, a decrease of 29.4% from Q3 of 2019. Cumulus Media president and CEO Mary Berner says, “In the third quarter, the company continued to focus on maximizing revenue performance, executing meaningful expense reductions, protecting cash through efficient working capital management and strengthening our balance sheet. Despite the extraordinary challenges of operating through a pandemic, we have reduced debt by $269 million and increased cash by $316 million since emerging from bankruptcy in 2018 (a net debt reduction of more than $585 million or 46%.) We believe that these actions, along with record-setting political revenues, will allow us to navigate through and emerge from the COVID-19 crisis with considerable ability to support our growth initiatives and capitalize on strategic and operating opportunities in 2021 and beyond.”

Bakersfield Talk Radio Personality Inga Barks Dies. According to a report by KERO-TV, Bakersfield, former market talk radio personality Inga Barks has died unexpectedly at age 53. At this point details are few, but it appears Barks passed away on November 4. KERO-TV quotes Barks’ friend Cindy Andrews – who worked with Barks at American General Media news/talk outlet KERN-AM – saying, “I am deeply saddened over the death of my former coworker and friend, Inga Barks. Not only was she a talented talk show host, but she was also very devoted to her family. We shared many laughs and unique experiences as female broadcasters for American General Media. She will be missed by many.” You can see KERO-TV’s report that includes tributes from former co-workers – including KMJ, Fresno’s Blake Taylorhere.

WTIC-AM, Hartford Morning Co-Host Joe D’Ambrosio to Leave Station in June. According to an account in the Hartford Courant, WTIC-AM, Hartford morning drive co-host Joe D’Ambrosio says he’s frustrated with his “inability to speak his mind on the air and will leave his position when his contract expires in June.” The paper reports that D’Ambrosio told co-host Ray Dunaway, “At this radio station at this time, I’m not allowed to let my opinions be known. I’ve told management, when my contract is up in June, my time with WTIC will be over.”  It’s not clear if D’Ambrosio is upset with a directive from management or just with the general tenor of host and caller opinions. Reporter Susan Dunne says that when reached later, D’Ambrosio declined to elaborate on his comments.

PPM Analysis: News/Talk. TALKERS magazine managing editor Mike Kinosian presents a look at the performances of radio stations based on data from Nielsen Audio’s October 2020 PPM survey, today focusing on the news/talk format. Over the last eight PPM surveys going back to March, the global pandemic, racial tensions/protests, and the election year have provided the news/talk format with ample hot-button issues to discuss and the format’s performance has improved over the same period in 2019, based on Nielsen’s 6+ weekly AQH share data. In the October 2020 survey, 61% of news/talk stations were up over the September 2020 survey with gainers being led buy iHeartMedia’s KFYI, Phoenix (+1.4) and Bonneville’s KSL-FM, Salt Lake City (+1.3). Comparing year-over-year data, 68% of news/talk stations were up in October 2020 compared to October 2019 with gainers being led by iHeartMedia’s WISN, Milwaukee (+6.2), KNRS-FM, Salt Lake City (+4.4), and WCBM Inc’s WCBM, Baltimore (+3.7). In the October 2020 survey, seven news/talk stations ranked #1 (6+) in their respective markets. Find out which stations were ranked #1 by reading Mike Kinosian’s complete report here.

Mid-West Family Madison Donates $900k in Advertising. The Madison, Wisconsin station group of Mid-West Family Broadcasting gave $900,000 in free advertising (more than 31,000 commercials) to hundreds of local businesses affected by the COVID-19 pandemic between March 21 and July 21 through its “NOW OPEN” program. Mid-West Family Madison president Tom Walker says, “Our company was formed in Madison, we’ve been here for 91 years, and our commitment to the community and local businesses is our top priority. ‘NOW OPEN’ gave us the chance to connect businesses with consumers when they needed it most.”

Report: ESPN to Lay Off 300. According to a report by Andrew Marchand in the New York Post, sports giant ESPN is laying off 300 staffers and will not fill some 200 positions that had been open. This comes as parent company ABC/Disney deals with the effects of the pandemic and the changes in media consumption behavior. Marchand’s report indicates that the cuts will be “spread across the network” but will largely spare on-air personalities. Marchand adds, “As is the case across Disney, ESPN is trying to shift more of its business to direct-to-consumer. It has created ESPN+. It had reported 8.5 million subscribers as of this summer. The pandemic has also created new ways to deliver programming with less people.”

The Road to 270 Electoral Votes/Promised Legal Challenges, Portland Violence, COVID-19 Stats & Projections, European Lockdowns, New Islamic Terror Threats, U.S. Exits Paris Climate Accord, Prop 22 Passes in California, Watch on Hurricane Eta Among Top News/Talk Stories Yesterday (11/4). The counting continues as Donald Trump and Joe Biden each hope to reach the 270 electoral vote threshold to claim victory and the gearing up of legal challenges to some states’ vote totals; the National Guard is called in to Portland, Oregon after a riot is declared; the rapidly rising number of COVID-19 cases in the U.S. and projections for the fall/winter seasons; the lockdowns being ordered in numerous European nations to combat the rising number of COVID cases; concerns about new terror attacks by actors sympathetic to the Islamic State; the United States officially exits the Paris Climate Accord; California passes Proposition 22 which allows Uber and Lyft to treat drives as contractors and not employees; and the possibility that Hurricane Eta will gain steam and head for Florida 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. The Rock & Roll Hall of Fame and iHeartMedia are teaming up for an exclusive podcast partnership for the series “Rock & Roll Hall of Fame Induction Vault” that will debut Friday (11/6), the day before the 35th Annual Rock & Roll Hall of Fame Induction Ceremony airing on November 7 on HBO. The series covers iconic induction speeches and will debut with The Beatles inducted by Mick Jagger, N.W.A inducted by Kendrick Lamar, The Eagles inducted by Jimmy Buffet, and Stevie Nicks inducted by Harry Styles. New episodes will premiere every Friday through the end of the year and a second season will premiere in early 2021. iHeartPodcast Network president Conal Byrne says, “Over the past 35 years, the Rock & Roll Hall of Fame Induction ceremonies have become renowned for their impassioned and sometimes outrageous acceptance speeches. We’re thrilled to bring the most iconic moments of past and present music infamy to fans around the world and continue to share what’s made the event special in the past and for years to come.”