Cumulus Media Q2 2021 Net Revenue Rises 54%. Reporting its financial data for the second quarter of 2021, Cumulus Media says net revenue was $224.7 million, an increase of 53.9% from the same period in 2020. During the second quarter of 2020, Cumulus posted a net loss of $36.3 million. That loss shrank almost 84% to $5.8 million in the second quarter of 2021. Cumulus Media president and CEO Mary G. Berner says, “This quarter’s results clearly reflect the success we are having in accelerating our positive revenue trajectory. In addition to the continued improvement in the core radio business, total digital revenue grew by 55% year-over-year, with each of our digital channels posting new all-time highs. Additionally, we enhanced our considerable stronghold in the news/talk ecosystem with ‘The Dan Bongino Show,’ now on over 300 radio stations – the largest launch ever for a new and original syndication. We also significantly deepened our position in the fast-growing sports betting space with an innovative and expansive multi-year, multi-platform marketing and content partnership with WynnBET, which is poised to become one of our largest clients through this new relationship.” Cumulus breaks down its revenue into Broadcast and Digital segments. The Broadcast segment is further divided into Spot and Network (Westwood One) divisions. For the second quarter of 2021, Spot revenue was $120.8 million – up 67% from Q2 of 2020 – and Networks revenue was $55.3 million – up 32.5% from Q2 of 2020. Digital segment revenue was $31.4 million, an increase of 54.5% compared to the same period in 2020.
CMG Promotes Kris Hackett to Director of Sales for Atlanta Cluster. Radio sales pro Kris Hackett is promoted from general sales manager to director of sales for Cox Media Group’s Atlanta station group that includes news/talk WSB-AM/WSBB-FM and three music-formatted outlets. In this new and expanded role, Hackett will be responsible for the oversight of all multimedia sales efforts for CMG Atlanta’s radio cluster. Hackett joined CMG Atlanta in 2013 as GSM. Prior to that, she spent seven years as GSM for the company in Richmond. Cox Media Group VP and market manager Jaleigh Long says, “Kris is a proven leader with a keen ability to grow market share, deliver enhanced revenues and develop high caliber sales teams while building relationships with key partners that fit perfectly with our customer-centric sales culture. I’m thrilled to have such a visionary and talented leader inside CMG to promote into this critical role.”
TALKERS News Notes. Chicago media writer Robert Feder reports that WBBM-AM/WFCS-FM weekend news anchor Dave Marsett is retiring from the Audacy station after 20 years. Marsett is also an ordained minister and he’s retiring from that calling as well. The 74-year-old radio pro served with Satellite Music Network as news director for many years prior to joining WBBM…..Cumulus Media and Imperative Entertainment announce the new true-crime series “Fox Hunter” joins the Cumulus Podcast Network. Host Sean Kipe investigates the mystery surrounding the murder of 18-year-old Rhonda Sue Coleman in 1990 which has been a thorn in the side of the small community of Hazlehurst, Georgia, for over 30 years…..The content creators at New Hampshire Public Radio have voted to form a union and are being represented by SAG-AFTRA. NHPR is an NPR member station based in Concord, New Hampshire and covers nearly the entire state, as well as portions of Massachusetts, Vermont and Maine. The new 31-member bargaining unit of content creators includes producers, hosts, editors and reporters…..Pictured below are WBZ-FM, Boston “98.5 The Sports Hub” air personalities Hardy, a.k.a. Rob Poole, Scott Zolak, and Marc Bertrand broadcasting live from Gillette Stadium for the start of the New England Patriots’ training camp. WBZ-FM is the flagship station for broadcasts of Patriots football games and Bob Socci and Zolak will once again call all preseason and regular season games. The duo will also get back on the road this season, traveling to each away game broadcast.
Former KYW, Philadelphia Reporter Ed Kasuba Dies at 74. The Philadelphia Inquirer reports that former KYW, Philadelphia reporter Ed Kasuba died on August 1 of heart failure at the age of 74. Kasuba was the longtime South Jersey bureau chief for the station. He retired from the all-news outlet in 2008 at a time when the Great Recession was forcing then-owner CBS Radio to make cuts. He served as a shop steward and president of the local chapter of the American Federation of Television and Radio Artists and left the radio station voluntarily so others would not be laid off during company cutbacks.
COVID-19 Delta Variant and Masks, Biden’s Eviction Moratorium, Cuomo Allegations, Pentagon Officer Slain, January 6 Investigation, Infrastructure Bill, and Olympics Among Top News/Talk Stories Yesterday (8/3). The fast-rising rate of COVID-19 Delta variant cases in some parts of the U.S. and the battle over vaccination mandates and mask policies; President Joe Biden extends the eviction moratorium and critics question its legality; the numerous allegations of sexual improprieties against New York Governor Andrew Cuomo and calls for his resignation; a Pentagon officer is slain by an attacker; the committee investigating the January 6 attack on the U.S. Capitol; the bi-partisan $1 trillion infrastructure bill; and Simone Biles wins bronze in the balance beam at the Tokyo Olympics were some of the most-talked-about stories on news/talk radio yesterday according to ongoing research from TALKERS magazine.
Mitch Rosen Adds PD Duties for Sports Talk WSSP, Milwaukee. WSCR, Chicago “The Score” program director Mitch Rosen is going to begin double duty with Entercom and add programming responsibilities for sister sports talker WSSP-AM/W289CB, Milwaukee “105.7 The Fan.” He’s taking over for WSSP program director Tom Parker, who is retiring on August 1. Parker will continue as a programming consultant. Entercom Milwaukee SVP and market manager Chuck Sullivan says, “Having worked closely with Jimmy de Castro and the Entercom Chicago team over the last year and a half, it was the logical next step in the partnership. Mitch has become quite familiar with the market and the WSSP staff over that time and we are very fortunate to now have him calling the plays in Milwaukee as well.” Rosen has been with “The Score” for almost 15 years. He adds, “It’s an honor to be part of this great Milwaukee sports brand. ‘The Fan’ team has great personalities who identify with the sports fans who live and breathe Milwaukee and Wisconsin sports. I plan to be here to help in any way I can to expand the brand both on the air and through all the digital platforms, including RADIO.COM Sports.”
SiriusXM Q2 Pro Forma Revenue Up 9%. Although SiriusXM is reporting its net income was down 10.8% in the second quarter of 2019 compared to the same period in 2018 ($263 million versus $293 million), the company’s pro forma revenue was up 9%. The acquisition of Pandora pushed SiriusXM’s revenue to $2 billion – an increase of 38% over Q2 in 2018. Chief executive officerJim Meyer says, “Our company produced outstanding financial and operating results once again this quarter, and I’m pleased by the quick progress we’ve made in integrating Pandora. Revenues and adjusted EBITDA each reached records in the period. We’re thrilled with the results in the first half of the year, and we are raising 2019 guidance for revenue and adjusted EBITDA and reiterating our guidance for net subscriber additions and free cash flow.” The satcaster reports that it added 290,000 self-pay subscribers during the second quarter that puts its total at 29.3 million.
Nielsen Second Quarter Revenue Rises 1.2%. That 1.2% figure is for the company as a whole. The company reports that its Media segment – the one that includes radio ratings – is being driven by Total Audience Measurement and that during the second quarter of 2019 its audience measurement business is up 4.2% over the same period in 2018. Nielsen predicts that its audience measurement segment will finish 2019 up 2% to 3%.
Salem Selling Seven Florida Signals for $8.2 Million. Continuing to follow through on its plan to sell certain assets in order to reduce its debt, Salem Media Group is agreeing to divest itself of seven signals in the state of Florida. It has filed with the FCC to sell Spanish Christian-formatted WKAT-AM, business talk WZAB-AM, and FM translator W249DM in Miami and Spanish Christian-formatted WLCC-AM, business talk WWMI, and FM translator W282CI in the Tampa market (plus the construction permit for translator W260DM, St. Petersburg) to Immaculate Heart Media for $8.2 million. Immaculate Heart Media will not get the WKAT call letters or that station’s intellectual property. These moves will leave Salem with Spanish Christian WOCN, Miami, plus news/talk WGUL, Tampa “AM 860 The Answer” and religious duo WTBN-AM/WTWD-AM, Tampa.
2020 Presidential Race/Democratic Debates, Capital One Hack, Immigration Policy/Border Conditions, North Korea Missile Tests, California Festival Shooting/Mississippi Walmart Shooting, and Katy Perry Song Copying Verdict Among Top News/Talk Stories Yesterday (7/30). The Democrats vying to challenge President Trump in 2020 and the first Democratic debate from Detroit; the hack of Capital One that made data from 100 million credit applicants vulnerable; the Trump Administration’s immigration policies and controversy over conditions at the U.S.-Mexico border; North Korea tests more short-range missiles; the deadly shootings at the Gilroy, California Garlic Festival and at a Walmart in Mississippi; and the jury’s ruling that Katy Perry copied aspects of a Christian rap song in her hit ‘Dark Horse’ were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.
TALKERS News Notes. Last week’s 19th annual “WSB Care-A-Thon 37-hour radio broadcast event raised more than $1.7 million for research and programs for the Aflac Cancer & Blood Disorders Center of Children’s Healthcare of Atlanta, nearly breaking the record set in 2017. In the 19 years Cox Media Group’s news/talk WSB-AM/WSBB-FM and CHR WSB-FM have been hosting the fundraising broadcast, more than $24 million has been collected to support patients and families. WSB Radio director of branding and programming Pete Spriggs says, “There is an extraordinary local story to tell at the Aflac Cancer Center — one that is filled with emotion and hope. Our entire team considers it the honor of their careers to be able to tell that story and to meet the kids, parents, families, doctors, nurses, and caregivers there. But our listeners deserve all the credit, due to their incredible generosity year after year.” WSB personalities Scott Slade, Clark Howard, Eric Von Haessler, Mark Arum, Erick Erickson, Neal Boortz, and Brian Kilmeade took part in the broadcast…..ESPN Radio is reporting that its programming saw a 6% increase in listening with men 25-54 from the winter 2019 period (Jan., Feb., March) to the spring book (April, May, June). Breaking it down, the network’s “Golic and Wingo” saw a 6% combined increase for M25-54 in total audience across Nielsen subscribing stations in PPM markets on radio plus all platforms combined including television simulcasts. “The Will Cain Show” also had year-over-year increases across M25-54 PPM audience on terrestrial radio and ESPNEWS simulcast for both June and the spring book. The M25-54 total audience across all platforms for “The Stephen A Smith Show,” with the addition of its television simulcast which began August 13, 2018, grew 38% in June and 32% percent for the quarter from the same time periods in 2018. For the quarter, the ESPNEWS simulcast of “The Dan Le Batard Show with Stugotz” was up 33% from last year. In June, the show saw a 9% year-over-year increase on ESPNEWS…..KTLK-AM, Minneapolis morning drive co-host Jon Justice has published his second sci-fi novel – part two of a series – titled, Embark: Treasure In Darkness. Justice has self-published the book that follows the story’s protagonists after humanity is forced to leave the Earth following an industrial disaster. Check out the Amazon listing here.
Music Radio News and Career Moves. Rhythmic oldies WPPZ, Philadelphia “Classix 107.9 FM” announces that “The Russ Parr Morning Show” is airing in the AM drive daypart. The Radio One station is programmed by Jay Dixon, who says, “This guy is fun, funny, and all about winning. I’ve heard about Russ Parr for years. He lives up to his reputation as a first-class broadcaster and content king. He’ll be the icing on the cake to make ‘Classix 107.9’ one of the greatest classic R&B brands in history. We are too happy to have him on board.”…..iHeartMedia’s hip hop “104.5 The BEAT” WTKS-HD2/W283AN, Orlando announces the lineup for its “The BEAT Music Fest” on Saturday, October 5 will feature DaBaby, YK Osiris, Afro B, Shordie Shordie, Summerella, Trap Beckham, with more to be announced. iHeartMedia Orlando partnerships manager Chianna Ray says, “The entire Greater Orlando area has been patiently waiting for a music festival that highlights the hip-hop culture. ‘The BEAT Music Fest’ could not have come at a better time and we are thrilled to give our listeners this experience.”…..iHeartMedia announces the lineup for the 2019 iHeartRadio Fiesta Latina at AmericanAirlines Arena in Miami on Saturday, November 2 will include: Jennifer Lopez, Daddy Yankee, and Ozuna, with more artists to follow. For the fourth straight year, the concert event will be hosted by Enrique Santos, chairman and chief creative officer of iHeartLatino and on-air personality for iHeartRadio.