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Monday Memo: Podcasting ‘Will Continue to Explode’

| January 17, 2022

By Holland Cooke
Consultant

 

BLOCK ISLAND, RI — So says none other than the CEO of the biggest radio station owner. In a marketing piece to the advertising community, iHeartMedia’s Bob Pittman: “Podcast audiences will continue to explode, passing the biggest music streaming services in reach, with no signs of growth abating.”

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Tuesday, January 11, 2022

| January 11, 2022

Attorney Arthur Aidala to Host Nightly Show on Salem’s ‘AM 970 The Answer.’ New York news/talk WNYM “AM 970 The Answer” adds Big Apple attorney Arthur Aidala to the daily lineup with 6:00 pm to 7:00 pm “Aidala Power Hour: Making The Case For The City He Loves” program. Salem Media Group New York operations manager Matthew Sambolin says, “Arthur Aidala puts on a show in the courtroom, and now he gets to do it in front of the biggest judge of all – the New York City Tri-State region. Can’t wait to hear what he brings to afternoon drive, with no objections!” Aidala is the managing partner of the Law Offices of Aidala, Bertuna & Kamins, P.C. and the former senior DA of Kings County, New York. He currently represents such high-profile clients as Alan Dershowitz, former NYC Mayor Rudy Giuliani, and Harvey Weinstein. He has been a recurrent guest on ‘The Joe Piscopo Show’ and ‘Radio Night Live’ with Kevin McCullough, as well as a legal commentator for 12 years on FOX News Channel. Aidala says, “I am honored and excited to join the talk radio team lineup at ‘AM 970 The Answer.’ With the ‘Power Hour’, we will be sitting down with the key New Yorkers to get to the heart of what makes this city tick.”

Vining Named PD at Cumulus Media’s ‘Talk 99.5’ in Birmingham. Talk radio pro Valerie Vining is named program director for Cumulus Media’s news/talk WZRR-FM, Birmingham “Talk 99.5.” Vining has been serving as morning drive co-host of the “Dixon & Vining” program (with Richard Dixon), a role in which she will continue. Prior to that, she spent more than 13 years as news director for Cumulus Birmingham. Vining says, “I am absolutely thrilled to have the opportunity to take on the role of program director for WZRR ‘Talk 99.5’ Birmingham. My radio career, which spans over 30 years, has prepared me for this moment and challenge and I look forward to taking my team to the next level. Thank you to James Robinson and Ryan Haney for believing in me and my abilities. I’m so proud to work for Cumulus Media.”

Ramsey Solutions Hosts Free ‘Building Wealth’ Livestream. This Thursday (1/13), nationally syndicated radio star Dave Ramsey will host a free livestream at 8:00 pm ET titled, “Building Wealth in 2022.” Joining Ramsey will be New York Times bestselling author Rachel Cruze and host of “The Fine Print” podcast, George Kamel. According to Ramsey Solutions’ State of Personal Finance study, more than half of Americans (56%) feel behind on investing. And 42% aren’t saving for retirement at all. Dave Ramsey says, “There are a lot of investing trends right now claiming they’re the best way to get rich. But I’ve done stupid with a lot of zeros at the end, and I’ve coached people who hit bottom from bad investments. From my 30 years on the radio, I’ve seen over and over that real millionaires follow a proven plan for their money, not a get-rich-quick scheme. This free event will show you it’s possible for you too. Now is the time to prepare for your future.”

On-Air Changes at iHeartMedia’s ‘XTRA 1360’ San Diego. Drive time changes take place at iHeartMedia’s sports talk KLSD-AM, San Diego “XTRA 1360.” New to morning drive is “The Hartman and Rich O Show” with Steve Hartman and Rich Ohrnberger and in afternoon drive, the “Jon and Jim” show with Jon Schaeffer and Jim Russell debuts. Hartman and Ohrnberger currently work together on FOX Sports Radio and have successfully hosted together on XTRA 1360’s “Loose Cannons” show. Schaeffer and Russell also host “The Wrap-Up Show” following San Diego Padres games. “The Herd” with Colin Cowherd continues to air weekdays from 9:00 am to 12:00 noon, followed by “The Darren Smith Show” from 12:00 noon to 3:00 pm. iHeartMedia San Diego market president Melissa Forrest says, “This exciting new lineup caters to the desires of sports fans in San Diego. In addition to providing the very best sports talk, we’ll also continue to provide our listeners with unparalleled access to the NFL, the Padres, San Diego State University athletics, and all San Diego sports news.”

BIN: Black Information Network Wins Innovation Award. The Black American-targeted radio format from iHeartMedia – BIN: Black Information Network – wins the 2022 BIG Innovation Award in the media category from the Business Intelligence Group. BIN: Black Information Network was launched in June of 2020 as a 24/7 comprehensive national audio news network dedicated to providing an objective, accurate and trusted source of continual news with a Black voice and perspective. It is focused on service to the Black community and providing an information window for those outside the community to help foster communication, accountability and a deeper understanding. It is heard over the air in 32 markets and is distributed nationally through the iHeartRadio app. Business Intelligence Group COO Maria Jiminez says, “Innovation is driving growth in the global economy. We are thrilled to be honoring Black Information Network as they are one of the organizations leading this charge and helping humanity progress.” BIN president Tony Coles comments, “Innovation has been one of BIN’s core values since our inception. It drives us to keep growing and creating spaces for the Black community to hear and contribute to the news that matters most to them. It’s an honor to be recognized with an incredible lineup of organizations and individuals who share the value of innovation and prove it in their work every day.”

AdLarge and G Networks Announces Sales Partnership. The two firms announce that they have entered into an ad sales partnership that will create “a new dynamic and impressive ad sales powerhouse in network audio.” In addition to continuing to represent content producers, AdLarge will oversee the management, sales, and fulfillment of the network audio ad sales inventory for both companies. G Networks will continue to offer and affiliate their premium programming and services through their existing affiliations team to radio stations across the U.S. G Networks president Warren Friedland states, “We’re excited to partner with AdLarge. AdLarge has a reputation for delivering innovative campaigns to help brands reach their media goals. AdLarge’s ad sales efforts coupled with our own extremely targeted networks will lead to a better return on investment for advertisers, brands, and agencies.” AdLarge co-CEO Gary Schonfeld adds, “This unique partnership will enhance our already robust ad sales networks, as well as generate greater critical mass and increased coverage of major markets. This is a win-win for the advertisers and the network audio community. The partnership with G Networks will greatly benefit the audio campaigns of our advertisers and agency partners.”

TALKERS News Notes. Personality Jesse Watters is named host of FOX News Channel’s 7:00 pm ET hour. The new program, “Jesse Watters Primetime” will launch on January 24. Watters will continue his current role as a co-host on “The Five.” FOX News Media CEO Suzanne Scott says, “Jesse’s versatility and hosting acumen has grown exponentially over the last five years, and he has developed a deep connection to the audience through two hit shows, ‘The Five’ and ‘Watters’ World.’ We look forward to watching him expand his connection even further through this new solo weeknight hour.”…..Cumulus Media and DCP Entertainment unveil the second season lineup for DCP’s award-winning podcast, “Say Their Name,” on the Cumulus Podcast Network. The series focuses on the stories of Black individuals who were assaulted and killed by police and in ‘Stand Your Ground’ states, with an emphasis on the women who often get overlooked. The first episode in the series marks the one-year anniversary of the attack on the United States Capitol with a look back at Miriam Carey, who was killed in 2013 by law enforcement.

Broadcasters Foundation to Honor Lesley Visser with Lifetime Achievement Award. Sports media legend Lesley Visser is being honored by the Broadcasters Foundation of America with its Lifetime Achievement Award to be presented during the Golden Mike Award gala and fundraiser, being held on March 14, at the Plaza Hotel in New York City. Visser is the only sportscaster – male or female – to have worked on network broadcasts of the Final Four, the Super Bowl, the World Series, the NBA Finals, the Triple Crown, the Olympics, the U.S. Open, and the World Figure Skating Championship. BFoA Foundation chairman Scott Herman says, “Lesley has an extraordinary number of ‘firsts’ in her accomplished and impressive career. We’re very proud to recognize her many accomplishments, not only as a pioneering female sportscaster, but as a prominent leader in sports broadcasting, overall.” Visser says, “I am enormously honored to be recognized by the Broadcasters Foundation of America, which is vital to our colleagues who find themselves in need of help during times of unimaginable hardship. It’s essential that we acknowledge and support such a charitable endeavor.”

COVID-19, Voting Rights, January 6, Midterm Elections, Economy/Supply Chain, U.S.-Russia Relations, and Bob Saget Passing Among Top News/Talk Stories Yesterday (1/10). The soaring rate of COVID-19 cases in the U.S., the Omicron variant, vaccine mandates, and school policies; President Joe Biden’s pressure to change filibuster rules for voting rights legislation; the investigation into the January 6 Capitol attack; the November midterm elections and Joe Biden’s low approval ratings; the state of the U.S. economy and the ongoing supply chain woes; the U.S. and Russia negotiate over Ukraine; and TV icon Bob Saget dies unexpectedly at 65 were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Monday, December 20, 2021

| December 20, 2021

Monday Memo: Happy NEWS Year? “Not likely,” consultant Holland Cooke predicts; adding “that spells opportunity…for now. THEN what?” In this week’s column, HC suggests how recent Chris Wallace and Brian Williams sign offs point to what might be “talk radio’s next format.” Read it here.

 

Pending Business: What You See Is What You Get. Radio sales pro Steve Lapa says that despite the significantly increased traffic on our roads as more people return to working away from home – which means more people listening to radio in their cars – radio sales pros may still have plenty of inventory to sell. He says it’s time to review four basic concepts that help any talk radio seller fill those avails. Read it here.

Audacy Renews Employment Agreements with CEO David Field and COO Susan Larkin. The company has entered into new employment agreements with president and CEO David J. Field and EVP and chief operating officer Susan Larkin. In a filing with the Securities Exchange Commission, Audacy reports that Field will continue to serve as the company’s president and CEO and becomes effective January 1, 2022. The Field agreement has an initial term of three years with automatic one year extensions following the initial term unless either party provides prior notice of non-extension. Field’s annual base salary will be $1,350,000 and a target annual performance bonus of up to 200% of Field’s base salary. Field is eligible to receive a one time “EBITDA Bonus” of $3,000,000 only if, prior to December 31, 2024, the company’s EBITDA for the immediately preceding consecutive 12-month period exceeds $400,000,000. Field is also entitled to an equity grant of 1,000,000 restricted stock units (“RSUs”), subject to the company’s shareholders’ approval of a new Company equity incentive plan at the 2022 annual shareholders meeting. Seventy five percent (75%) of these RSUs have performance-based vesting conditions while the remaining twenty five percent (25%) have time-based vesting conditions. Fields’ performance-based RSUs come after achieving company stock price increases. He receives 250,000 RSUs for hitting the stock price of  $6.00; 250,000 for hitting $9.00 per share and 250,000 for reaching the $12.00 per share threshold. Audacy also retroactively amended EVP and COO Susan R. Larkin that increases her annual salary to  $750,000 and applies retroactively from June 1, 2021 through May 4, 2023. Her agreement further amends the provision related to future equity grants so that Larkin will be entitled to an increased amount of future grants of restricted stock and/or stock options with an aggregate annual target amount of $500,000.

KBOI-AM, Boise to Add FM Signal. Effective January 3, 2022, Cumulus Media’s Boise news/talk KBOI-AM will have an FM simulcast as current sports talk KTIK-FM becomes KBOI-FM. The sports talker keeps its FM signal (a simulcast of KTIK-AM) on FM translator K237HA at 95.3 FM. In a statement, KBOI program director Nate Shelman says, “Being a part of any positive station launch or new venture is exciting. Our audience has asked for this over the years and it’s exciting to see KBOI return to the FM dial after KBOI-FM switched call signs to KQFC in 1985. The growth in the Treasure Valley and changes in technology have warranted the need for an FM outlet. Interference from powerlines being the most prevalent.”

KABQ-AM, Albuquerque to Flip to Sports Talk. Albuquerque talk station KABQ-AM is flipping to sports talk as “FOX Sports 1350 AM”, effective Monday, January 3. The iHeartMedia station will broadcast FOX Sports Radio programming around the clock on weekdays and weekends. “FOX Sports 1350 AM” will feature “Two Pros and a Cup of Joe with LaVar Arrington, Brady Quinn & Jonas Knox,” “The Dan Patrick Show,” “The Doug Gottlieb Show” “Straight Outta Vegas with R.J. Bell,” “The Odd Couple with Chris Broussard & Rob Parker,” “The Jason Smith Show with Mike Harmon” and “The Ben Maller Show.” iHeartMedia market president Hope Romero says, “We’re thrilled to be able to bring the sports talk leader back to Albuquerque. FOX Sports Radio leads the industry with the biggest names and best shows.”

Audacy Names Sarah Foss Chief Technology Officer. The company promotes Sarah Foss to chief technology officer, a role in which she’ll spearhead Audacy’s efforts to innovate and differentiate its products and services via new technological capabilities. The company says that Foss will manage Audacy’s key technology initiatives including: software development, ad tech, business intelligence and analytics, data solutions, and Audacy’s recently acquired live and on-demand audio streaming business, AmperWave. Foss had been serving as Audacy’s chief information officer since joining the company in 2020. Audacy CFO and EVP of strategic initiatives Rich Schmaeling comments, “Audacy continues to invest in technology to create innovative offerings for its listeners, advertisers and clients. We are excited to have Sarah leading these critical areas to drive our transformation faster and further.” Foss states, “Audacy is in the enviable position that we have unique content, great platforms, and an appetite for transformative growth. I am excited that technology is seen as an accelerant and differentiator for us at Audacy.”

Biden’s Build Back Better Plan/Economy, COVID-19, January 6 Investigation, Civil War Fears, Russian Ukraine Aggression, Kim Potter Trial, Ghislaine Maxwell Trial, and Spider Man Film Among Top News/Talk Stories Over the Weekend. Negotiations over Joe Biden’s Build Back Better plan between the White House and Senator Joe Manchin break down and the cooling predictions for the U.S. economy; the Omicron variant of the coronavirus, vaccines and mandates; the House investigation into the January 6 attack on the Capitol; retired U.S. generals warn of possible U.S. civil war; Russia’s military aggression toward the Ukraine; the trial of former police officer Kim Potter; the defense rests in the trail of Jeffrey Epstein associate Ghislaine Maxwell; and the new Spider Man movie’s blockbuster opening were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Pending Business: What You See Is What You Get

| December 20, 2021

By Steve Lapa
Lapcom Communications Corp
President

 

PALM BEACH GARDENS, Fla. — By now you’ve heard the forecast for holiday travel.

The estimate is nearly 100 million will be on the road moving from one holiday destination to another and that should be music or chatter to your ears.

If you sell radio ads for a living, time to high five your steering wheel. Congested traffic means more time in the car, listening to and engaging with your programming. Most importantly longer commutes are another indication of our attempt to get back to a more familiar post-covid routine. Isn’t it great to see the legendary commuter routine that made in-car captive listening a mainstay of radio sales?

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Monday Memo: Happy NEWS Year?

| December 20, 2021

By Holland Cooke
Consultant

 

BLOCK ISLAND, RI — Or is “happy” now unproductive? If Brett Baier hasn’t also fled FOX News by the time you read this, he must be feeling lonely there. He and Chris Wallace reportedly protested to management over Tucker Carlson’s “false flag” take on the deadly January 6 insurrection that many fear was dress rehearsal. Shep’ Smith was already long-gone – to anchor the hip, handsomely-produced 7:00 pm CNBC news hour – after being so-at-odds for-so-long with what FOX News entertainment shows were shoveling.

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