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Tag: "third quarter"

Tuesday, November 9, 2021

| November 9, 2021

Audacy Third Quarter Net Revenue up 23%. Reporting its 2021 third quarter financial data, Audacy says net revenue was $329.4 million, an increase of 23% compared to the same period in 2020. Spot revenue was $220.6 million, up 21% compared to Q3 of 2020 and digital revenue was $61.4 million, up 30% compared to the same period a year ago. Operating income for the quarter was $29.2 million, compared to an operating loss of $0.3 million in the third quarter of 2020. Audacy president and CEO David J. Field says, “I am pleased to report that Audacy continues to rebound from the pandemic, as third quarter revenues grew 23% over the prior year and 8% sequentially over the second quarter, while EBITDA grew 58% year over year. While many ad categories remain highly impacted as a result of the pandemic, it is great to see an increasing number of categories back above 2019 spending levels. During October, we announced the acquisition of WideOrbit’s digital audio streaming and ad tech business, which we have relaunched as AmperWave, enabling us to accelerate our digital product roadmap and enhance our growth potential… And our podcast studios had a strong quarter of creative, premium original content development including the first release from our 2400Sports studio, our first C13 Features ‘movie for your ears’ in partnership with Endeavor, and the ‘Succession’ companion podcast hosted by Kara Swisher in partnership with HBO Max. We continue to rapidly evolve and fundamentally elevate the organization through a series of strategic acquisitions, organic growth initiatives, structural improvements, talent additions and premium content development and are well positioned to accelerate our growth and capitalize on the exciting opportunities in the dynamically growing audio marketplace.”

Cumulus Audio Active Group: October PPM Audiences Increase. This week’s Cumulus Media Audio Active Group blog focuses on recent information from Nielsen Audio that “as COVID infections fall, public concern over COVID wanes, and commutes to work and school resume,” American AM/FM radio listening “has increased to new highs in the October 2021 48 Portable People Meter markets.” Other noteworthy data includes: 1) Consumers are on the road in their cars; Geopath reports U.S. October 2021 miles traveled were 7% greater than October 2019; Apple Maps says October 2021 driving search volumes surged 59% past pre-COVID levels; 2) U.S. AM/FM radio had its strongest reach performance since COVID, recovering 99% of the March 2020 PPM cume audience in PPM markets; 3) Nielsen October 2021 PPM AQH audiences rose to 96% of March 2020 levels, the second best showing since the pandemic; and 4) Morning audiences exploded to their highest levels in 20 months; Versus a year ago, women 25-54 AQH increased 20% and teen AQH rose a massive 74%. See more from the blog here.

SiriusXM’s Joe Madison Announces Hunger Strike Over Voting Rights Bill. Morning drive talk host Joe Madison says he’s beginning a hunger strike in protest of voting rights not getting passed in the Senate. Madison – a.k.a. The Black Eagle – hosts the morning show on SiriusXM’s Urban View channel. He says, “As a political protest, I am beginning a hunger strike today by abstaining from eating until Congress passes, and President Biden signs, the Freedom to Vote Act or the John Lewis Voting Rights Advancement Act. Both bills were recently passed by the House of Representatives and both have stalled in the Senate. Madison adds, “I call it basically starving for voting rights. And that began on this date. And I repeat just as food is necessary to sustain life, the right to vote is necessary to sustain democracy. Yes, my life matters. My health matters, but our right to vote matters more.”

Hot Radio Guest Speaks at Major Libertarian Gathering. Emeritus finance professor Dr. Murray Sabrin of Ramapo College in New Jersey – one of conservative and liberty-minded talk radio’s most popular “go-to” guests for three decades – recently spoke at the Mises Institute “Supporters Summit” in St. Pete Beach, Florida and outlined his provocative and innovative strategy for medical freedom. Sabrin is the author of Universal Medical Care from Conception to End of Life: The Case for a Single Payer System, where the individual/family is the single payer not the government. In Sabrin’s proposal, medical freedom consists of cash payment for routine care, a super health savings account for more expensive treatment and a catastrophic insurance policy. Also, Sabrin advocates a massive expansion of nonprofit medical centers to replace the $700 billion Medicaid program. He also challenged U.S. Sen. Bernie Sanders (D-VT), who advocates Medicare for All, a government single payer system, to a debate so the American people can hear two diametrically opposing views on the future of medical care in America. To book Professor Sabrin as a hot guest, contact Victoria Jones of DC Radio Company at 917-865-3991 or victoria@dcradiocompany.com.  To view Dr. Murray Sabrin’s 20-minute speech at the Mises Institute event, please click here.

Outkick Partners with Skyview Networks for Ad and Affiliate Sales, Content Distribution. The new relationship between OutKick’s sports talk network and Skyview Networks will have the latter providing network ad sales, affiliate sales and content distribution to Outkick, beginning with the “Outkick 360” program starring Jonathan Hutton, Chad Withrow and Paul Kuharsky. Outkick founder Clay Travis says, “We’re thrilled to work with Skyview to expand OutKick’s brand and reach. Beginning with the ‘OutKick 360’ show, we’re working with the best talent to bring authenticity, perspective and fun back to sports radio. Radio is at the core of OutKick, and we could not ask for better partners than Skyview to grow our network.” Skyview COO and president Steve Jones adds, “We’re excited to be working with the OutKick team in launching a new sports network that provides radio stations dynamic and entertaining programming that will drive ratings and revenue. OutKick’s engaging and knowledgeable hosts with their fan-first sports perspective matched with sports wagering analysis to capture gaming revenue sponsorships fit perfectly with Skyview’s #1 local play-by-play sports position in network radio.”

Audacy Names Brian Benedik Chief Revenue Officer. Media executive Brian Benedik is named chief revenue officer for Audacy, effective December 1. Benedik was most recently VP/global head of revenue for augmented reality developer Niantic. In his new role with Audacy, he’ll lead all aspects of revenue generation across corporate, national, regional and local levels and develop fully integrated, multiplatform sales solutions and breakthrough strategies to attract new revenue streams. Audacy COO Susan Larkin comments, “We’re thrilled to welcome Brian to Audacy and our executive leadership team. His resume speaks for itself, with key roles at audio publishers like Spotify, iHeart Radio, Audible and Katz Media, where his strategic vision enabled the former to quickly elevate from a newcomer in our industry to a multi-billion-dollar leader in the audio streaming space. Brian’s considerable expertise and experience will amplify our revenue generation efforts as Audacy continues its upward trajectory.” Benedik states, “The audio industry is booming with innovation and consumers are enjoying wonderful content experiences across a number of platforms. The Audacy re-imagination efforts are beyond impressive and the portfolio of assets across radio, streaming, podcast, live events, sports play-by-play and sports betting are best in class. I’m looking forward to working with David Field, Susan Larkin and the Audacy executive team to drive value to marketers and our loyal users.”

Biden’s Low Approval Ratings, Supply Chain/Inflation/Gas Prices, COVID-19, January 6 Investigation, COVID Travel Ban Lifted, China’s Military Aggression, and Astroworld Investigation Among Top News/Talk Stories Yesterday (11/8). President Joe Biden’s approval ratings slip to an all-time low of 38% with Americans saying he’s not focusing on the most important issues; the effects of the broken global supply chain, soaring retail prices and record high gas prices; the rate of COVID-19 cases in the U.S., the Appeals Court halt of Biden’s vaccine mandate, and the controversial case of Aaron Rodgers; the investigation into the January 6 Capitol attack; the U.S. lifts the international travel ban; China’s war games using U.S. ship mock-ups; and the investigation into the deadly Astroworld concert in Houston were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Friday, November 5, 2021

| November 5, 2021

NOW POSTED: This Weekend’s Installment of “The Michael Harrison Wrap: An Overview of the National Conversation.” The latest installment of the 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. This new episode titled, “What’s Left?” looks back at this past week of 11/1 – 11/5. The program features guests (in order of appearance): Kevin Casey, executive editor, TALKERSJim Bohannon, talk show host, Westwood One; Victoria Jones, executive director, DC Radio Company; Glenn Jacobs, Mayor of Knox County, TN/former world champion (Kane), WWE; and Brian Kilmeade, talk show host, FOX News Radio/FOX News Channel. The show airs each week on its flagship, WONK-FM, Washington, DC, Friday evenings at 6:00 pm ET. It also airs throughout the weekend on WTIC, Hartford; KSCO, Santa Cruz, CA; KDFD, Denver; KFNX, Phoenix; KTLK-FM, St. Louis; WPG, Atlantic City, NJ; SuperTalk 99.7 WTN, Nashville; WVLY, Wheeling, WV; WTRW-FM, Scranton/Wilkes Barre, PA; WVOX, Westchester, NY; KBDT, Dallas; KQSP, Minneapolis; KBKW, Aberdeen, WA; WGDJ, Albany, NY;  WJFN-FM, Richmond, VA; WZFG, Fargo; KTGO, Tioga, ND; KWAM, Memphis; K-NEWS, San Luis Obispo; WGMD, Rehoboth Beach, DE; WCHM, Clarkesville, GA;  WPHM, Port Huron, MI; KSYL, Alexandria, LA; KTOE, Mankato, MN; WCED, DuBois, PA; K-NEWS 101.3, Owensboro, KY; WWTK, Sebring, FL; WSAR-AM/FM, Fall River, MA; WIZM-AM/FM, La Crosse, WI; WMVA, Martinsville, VA; KQEN, Roseburg, OR; the Virginia Talk Radio NetworkCRN Digital Talk Radio Network; the iHeart Podcast NetworkPioneer Valley Radio, Springfield, MA; Podcast Radio, UK and many more.  To listen to this week’s episode, 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.

iHeartMedia Q3 Net Revenue Up 25%. On revenue of $928 million, iHeartMedia Inc is up 25% over the same period in 2020. For the third quarter of 2021 the company reports net income of $3.7 million, compared to the net loss of $32 million it reported in the third quarter of 2020. iHeartMedia now reports its financials in two segments – the Digital Audio Group and the Multiplatform Group. iHeartMedia says the Digital Audio Group was up 77% on revenue of $206 million and adds that podcast revenue was up 51% year-over-year. The Multiplatform Group – including broadcast radio and network radio – was up 18.7% on revenue of $659 million compared to the same period in 2020. In this segment, the company explains, “Broadcast revenue grew $79 million, or 19.5% year-over-year, while Networks grew $8.9 million, or 7.5% year-over-year. Revenue from Sponsorship and Events increased by $13.8 million, or 47.6% year-over-year, primarily as a result of the return of live events. These increases were partially offset by a $15.1 million decrease in political revenue compared to the same period in 2020, which was a presidential election year.” Chairman and CEO Bob Pittman says, “Our strong results this quarter are further evidence of the success of our company’s continuing transformation – data-led, digital and podcast focused, along with the unparalleled audience reach of our broadcast radio assets, and supported by the largest sales force and the only unified ad tech stack in audio advertising – all with the strong flywheel effect of our scale and leadership position. These results highlight both the strong growth and potential of our digital business, including podcasting, and the strong recovery and growth potential of our radio business.”

Salem Media Group Third Quarter Revenue Rises 8.8%. Reporting its financial data for the third quarter of 2021, Salem Media Group says revenue was $66 million, an increase of 8.8% over the same period in 2020. Operating income increased 232.5% to $15.8 million from $4.8 million and net income rose to $22.1 million, up 194% over the $329,000 net income it posted in Q3 of 2020. Salem breaks its financial reports into three segments: Broadcast, Digital Media, and Publishing. For the Broadcast segment, net revenue increased 9.3% to $49.6 million from $45.4 million, and Same Station net broadcast revenue increased 8.9% to $49.1 million from $45.1 million. The Digital Media segment saw revenue of $10.6 million, an increase of 8.5% from $9.8 million in Q3 of 2020 and operating income decreased 10.8% to $2.4 million from $2.7 million. Salem’s Publishing revenue was $5.7 million, an increase of 5.6% over the same period in 2020.

Round Four of October 2021 PPMs Released. The fourth of four rounds of ratings information from Nielsen Audio’s October 2021 PPM survey has been released for 12 markets including: Austin, Raleigh, Indianapolis, Milwaukee, Nashville, Providence, Norfolk, Jacksonville, West Palm Beach, Greensboro, Memphis, and Hartford. Nielsen’s October 2021 sweep covered September 16 – October 13. Today, TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways from this group of markets. In Raleigh, iHeartMedia’s news/talk WTKK-FM loses one-tenth and finishes with a 6.3 share (6+, AQH share) good for the #4 rank while Curtis Media Group’s crosstown WPTF was down two-tenths for a 2.2 share and the #15 rank. Emmis Communications’ news/talk WIBC-FM, Indianapolis slips two-tenths for a 7.2 share finish and slides down to the #5 rank. In Milwaukee, Good Karma Brands’ news/talk WTMJ-AM rises seven-tenths for a 9.8 share finish and remains ranked #1 while iHeartMedia’s crosstown news/talk WISN-AM tacks on four-tenths for a 9.3 share and the #2 rank. In Nashville, Cumulus Media’s WWTN-FM falls out of first place to #2 after slipping five-tenths to a 7.3 share and in Providence, the company’s news/talk WPRO-AM/WEAN-FM climbs from #8 to #5 after adding nine-tenths to finish with a 5.1 share. You can see Mike Kinosian’s complete Ratings Takeaways from this group of markets (as well as the first three rounds) here.

MIW Webinar: Recognizing Women in Operational Excellence. The Mentoring and Inspiring Women in Radio group, along with sponsor vCreative, are joining forces to recognize and celebrate women in radio whose unsung efforts ensure efficiency, both operationally and financially, for their stations and groups. The program’s inaugural free webinar, “Recognizing Women in Operational Excellence” is being held Thursday, December 2, from 1:00 pm to 1:45 pm ET. It’s being hosted by vCreative CEO Susie Hedrick and MIW board member Valerie Blackburn and showcases three uniquely talented women who make a significant impact daily on their company’s operations: Becky Deneger, Townsquare Media, vice president of traffic operations; Mildred Sibley, Entravision, vice president of station traffic operations; and Melissa Mitchell, Bonneville, director of finance and corporate controller. Hedrick says, “The women on this panel exemplify the spirit of our industry. They fearlessly embrace technology, never back away from a challenge, and approach their jobs with curiosity and passion. Although operating mostly behind the scenes, they are the first to be called for the toughest projects. It is my honor to shine a spotlight on their careers, the attitudes that define them, and the positive impact that they have on their businesses.”

TALKERS News Notes. The results of “The Black Podcast Listener Report” – a recent study conducted by Edison Research in partnership with SXM Media and Mindshare – will be presented at a webinar on November 16 at 2:00 pm ET. The study – which examines how Black Americans consume podcasts, including podcast discovery, device usage, and reasons for listening – reveals that 36% of Black Americans age 18+ are monthly podcast listeners. The report also includes findings on how Black Americans feel about podcast advertisements, podcasts with video components, the topics and genres they are most interested in, and the importance of Black creators in podcasting. Find out more about the study here…..iHeartMedia announces the launch of “iHeartRadio’s Black and Inspired HBCU Celebration,” presented by Hyundai. The four-episode podcast series celebrates Black culture and the passionate alumni community of Historically Black Colleges and Universities. iHeartMedia EVP of programming Thea Mitchem says, “As an HBCU graduate, I know first-hand Historically Black Colleges and Universities have an unparalleled impact on our community and play a vital role in Black students’ success across the country. These intimate conversations will help to educate, uplift and amplify the Black community and its aspiring young leaders, and we’re thrilled that these important voices will be able to reach millions of listeners through iHeart’s massive digital and broadcast reach.”…..Meadowlark Media – the media company recently launched by Dan LeBatard and former ESPN chief John Skipper – along with Advance Local announces the release of a multi-part investigative podcast series, “The Mayor of Maple Avenue” – based on the story of Shawn Sinisi, the only Jerry Sandusky victim known to have died since the former Penn State University assistant coach went to prison on 45 counts of sexual abuse. The podcast series features the reporting of Sara Ganim, who broke the original story for The Patriot-News and PennLive.com and later won a Pulitzer Prize for her coverage…..WNYC editor-in-chief Audrey Cooper announces that Veronica de Souza joins the company as director of digital news & audience. De Souza started her media career in radio, working in promotions and later production at CBS Radio, Music Choice and New York all-news 1010 WINS. Most recently, she was senior director of publishing at Vice Media. In her new role at WNYC, she’ll oversee an audience development team that will develop and execute a social, newsletter and audience-acquisition strategy; a data visualization team that will create sticky, utility-based content for readers and listeners; a web production team that will help program a redesigned Gothamist website; and the Day-Of News desk…..Virtual News Center adds Stony Creek Broadcasting’s WNSX, Bar Harbor, Maine to its roster of affiliate stations…..The Texas Radio Hall of Fame is partnering with PickleJar to bring tomorrow’s annual Hall of Fame induction ceremony to audiences across the country and around the world. The event takes place at 12:00 noon CT from the Texas Museum of Broadcasting and Communications in Kilgore, Texas, and will feature the induction of 20 new broadcast professionals in a two-hour presentation combining video and live acceptance speeches by those being honored. TRHOF executive director Doug Harris says, “When we first learned of Pickle Jar’s revolutionary way of connecting fans and bands, we were intrigued by its application to our needs. Judy Lakin, PickleJar board member, was able to connect the dots for us and bring this historic broadcast to life for our inductees and their families and fans.”

Tuesday’s Elections Top News/Talk Story for Week of November 1-5. Tuesday’s elections that saw Republican Glenn Youngkin win the Virginia Governor’s seat over Democrat Terry McAuliffe was the most-talked-about story on news/talk radio this week, landing atop the Talkers TenTM. At #2 this week was school board politics tied with race relations, followed by the controversy over COVID-19 vaccines, and masks & vaccine mandates at #3. 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 complete chart here.

Salem New York Seeks Digital Specialist. The New York City operations of Salem Media Group is looking for a digital specialist. “If you love this segment of the broadcast business, then you want to work at Salem media in New York. While we have two booming radio stations in NYC, our digital business has taken off as well. Come join us please! Contact Jerry Crowley at: jcrowley@nycradio.com.

Audacy Seeks Programming Coordinator. This position is in New York City as Audacy is seeking a skilled programming coordinator to provide project management and administrative support to the core programming leadership group there. Some of the responsibilities in this position include: Assisting in the planning and organizational management tasks around programming, content and creative with a large portfolio of radio stations and digital content platforms; helping develop and implement consumer marketing and advertising campaigns in select markets to drive ratings; coordinate planning, tracking, contracts, art/creative proofing, and execution & trafficking of various media (OOH and digital, figures prominently); creating, modifying and maintaining spreadsheets, databases and preparing reports; ensuring billing procedures run smoothly; plus more. Find out more and apply here.

Tuesday, November 2, 2021

| November 2, 2021

Bongino Off the Radio This Week; Still Hosting Podcast. This may be the week that the rift between Westwood One parent company Cumulus Media and nationally syndication talk host Dan Bongino is settled – one way or the other. Bongino’s 12:00 noon to 3:00 pm ET show is being guest hosted this week after the syndicator ran best-of shows last week during his absence. At issue here is Bongino’s stand against the company’s vaccine mandates and his publicly calling out the company and demanding it rescind the requirement that all employees get vaccinated. He is still producing his daily, one-hour podcast for the iHeartRadio platform this week and on it he’s addressing vaccine mandates and his belief that they are ultimately doing the nation more harm than good. As far as Cumulus Media is concerned, it’s difficult to imagine a scenario in which the company retreats on its vaccine mandate and since Bongino is obviously serious about his ultimatum, it looks like the two parties are likely headed for a separation.

Interep Radio Founder Ralph Guild Passes at 93. Legendary radio sales figure Ralph Guild – long credited with creating what is now the standard operating structure for television and radio rep companies, passed away yesterday (11/1) in Palm Beach, Florida at the age of 93. Guild launched Interep Radio in 1981 to offer the communications and marketing expertise he believed radio stations would come to expect from their representatives. Created as a holding company, Interep brought independent rep firms together under a single corporate umbrella and grew to over $1 billion in sales. In 1986, under Guild’s stewardship, Interep launched Group W Radio Sales, which ultimately became CBS Radio Sales. Other dedicated rep companies created by Interep included ABC Radio Sales. Guild began his radio representation career in 1957 as a young executive at McGavren Radio – a San Francisco-based firm devoted to representing radio advertising. The company sent him to New York to open their first east coast office, and by 1967 McGavren Radio had become McGavren Guild. In 1973, Guild had become the company’s president and chief operating officer, and later its chairman. Guild’s son Marc, who was also a well-known radio industry executive, passed away in 2020. Guild is survived by his children, Gale, Lynn, Sharon, and Adam, his 16 grandchildren, and three great grandchildren.

Townsquare Media 2021 Third Quarter Net Revenue Up 17%. The company reveals the results of its 2021 third quarter financial report and says net revenue was $111.3 million, up 16.7% compared to the same period in 2020 and just 1% shy of the net revenue in Q3 of 2019 – just prior to the pandemic. Net income for the quarter was $12.9 million, up from $1.3 million in Q3 of 2020. Townsquare Media reports its business in three segments: Townsquare Interactive, the company’s digital marketing solutions subscription business; Advertising, which includes broadcast and digital advertising products and solutions; and Live Events, which is comprised of the company’s live events, including concerts, expositions and other experiential events. Townsquare Interactive net subscription revenue increased $2.9 million, or 16.2%, to $21.1 million, Advertising net revenue increased $10.3 million, or 13.3%, to $87.4 million, and Live Events net revenue increased $2.7 million to $2.7 million, each as compared to the third quarter of 2020. Townsquare Media CEO Bill Wilson says, “Townsquare’s strong performance continued in the third quarter of 2021, highlighted by robust year-over-year net revenue, Adjusted EBITDA, and net income growth.  Adjusted EBITDA surpassed 2019 levels for the fourth consecutive quarter, and net revenue was at 99% of 2019 levels… As a Digital First Company with approximately 47% of total net revenue (excluding political) coming from our digital platform and solutions, we continue to separate ourselves from the local competition. In the third quarter, total digital revenue increased 20% year-over-year (+29% vs. Q3 2019), and we expect double-digit digital net revenue growth to continue, fueling the growth of our digital platform from $188 million of revenue (on a trailing twelve-month basis as of September 30, 2021) to $250 million in just three short years. Our digital revenue growth, combined with strong profit growth, allowed us to reduce net leverage to 4.9x as of September 30, a meaningful reduction of 2.9x year over year. I am incredibly proud of the Townsquare Team and the results we have delivered to date, which sets us up to noticeably exceed 2019’s Adjusted EBITDA in FY 2021, marking a record profit level for our company. Although COVID is far from over, we have been able to achieve our revenue and EBITDA targets faster than we had initially planned for while gaining market share. As such, we are quickly moving towards our ultimate goal of being the number one local media company in each of our 67 markets.”

Beasley Media Group Q3 Net Revenue Up 26.7%. For the third quarter of 2021, Beasley Media Group reports net revenue of $62.9 million, an increase of 26.7% over the same period in 2020. The company reports a net loss of $1.6 million, down from the $2.7 million net loss reported in Q3 of 2020. Station operating income rose to $11.7 million, up 36% from the $8.1 million reported in the third quarter of 2020. Beasley Media Group CEO Caroline Beasley states, “Beasley’s strong third quarter financial results reflect the operating and financial benefits of our digital transformation and revenue diversification initiatives, which are becoming more visible as we move deeper into the post-pandemic economic recovery. Accelerating demand from consumers and advertisers for our premium content and multi-platform marketing solutions drove third quarter net revenue of $62.9 million, marking a 6% increase over second quarter 2021 levels and a 27% increase over the comparable prior year period. Top line growth, combined with the meaningful actions we have taken over the past year to permanently reduce costs and improve operating efficiencies, resulted in a significant 45% year-over-year increase in SOI to $11.7 million, as well as positive free cash flow of approximately $1.7 million. While the Delta variant impacted some markets during the quarter, strong growth in core radio advertising and digital advertising revenue resulted in year-over-year total revenue increases across nearly all of our markets, with healthy double-digit growth in Atlanta, Boca Raton, Boston, Detroit, Fort Myers, Las Vegas, New Jersey, Philadelphia, Tampa and Wilmington. The growth was primarily driven by a significant increase in sports betting revenue. Beasley continues to generate positive results from strategic investments in our digital and esports infrastructure and content production capabilities, which are further strengthening the long-term competitive position of our diversified media platform. Growing consumer and advertiser demand for Beasley’s digital audio content drove a 67% year-over-year increase in digital revenue, with digital accounting for 13% of total third quarter revenue. With our ongoing focus on premium audio and digital content, Beasley’s digital network delivered record digital audience impressions for the second consecutive quarter, with total digital impressions growing 13% over the prior year period, including a 17% year-over-year increase in our total digital streaming audience. On the esports front, we recently launched AXLE-R8, our first expansion team marking our entry into the Rocket League Championship series, which attracts a highly engaged and growing young audience. As we continue to build our esports portfolio, we remain focused on looking for new, innovative ways to monetize this content to drive profitable long-term revenue growth. In summary, we continue to make significant progress on our near-term goal of returning all of our revenue sources to pre-pandemic levels, as we integrate our leading broadcast platform with our fast-growing digital solutions while maintaining deep local connections and reach within our markets.”

Duke Brooks Exits Resort Broadcasting’s WGMD-FM, Rehoboth Beach. Talk show host Duke Brooks tells TALKERS magazine that he left his position as host of the afternoon drive program at Resort Broadcasting’s news/talk WGMD-FM, Rehoboth Beach, Delaware on October 15. He says, “I’ve been honored to have the company of thousands of Delmarvans every weekday afternoon for over six years, but WGMD plans a new programming direction in which I have no experience. That, among several other reasons, meant that it was time for me to depart Resort Broadcasting, LLC.” Brooks first joined WGMD in the fall of 2009 as evening talk show host but, along with several other staffers, was let go on February 2, 2011. He then worked as communication director for the Sussex County GOP and then for Kevin Wade’s (R-DE) campaigns for the U.S. Senate. He returned to WGMD on March 13, 2015.

Fisher House Radio Special Available for Veterans Day Weekend. In time for this year’s recognition of Veteran’s Day, Fisher House Foundation announces that The Jeff Wyatt Group has a free, fresh edition of “The Fisher House Story” for 2021 NOW available for download. You can hear the demo, register, and download today here. “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 3-hour, 1-hour, 25 and 30-minute radio specials are hosted by long-time radio personality Jeff Wyatt and features stories of our nation’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.

Biden Spending Bills, Election Day, COVID-19, SCOTUS Abortion Law Case, COP26, and Kyle Rittenhouse Trial to Begin Among Top News/Talk Stories Yesterday (11/1). The status of President Joe Biden’s $1.2 trillion infrastructure bill and $1.75 trillion economic plan and Congress likely to act on them this week; today’s tight gubernatorial elections in Virginia and New Jersey; the rate of COVID-19 cases in the U.S., vaccine mandates, and vaccine approval for children; the Supreme Court’s hearing of arguments in the case of Texas’ restrictive abortion law; the COP26 climate conference in Glasgow; and the beginning of the trial of Kenosha shooter Kyle Rittenhouse were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Friday, October 29, 2021

| October 29, 2021

WTAM, Cleveland Legend Mike Trivisonno Passes at 74. The Cleveland operations of iHeartMedia announce that longtime WTAM-AM talk host Mike Trivisonno has died. A statement from the company says: “It is with heavy hearts that WTAM 1100 announces the passing of radio legend and current talk show host, Mike Trivisonno. He was 74 years old. Trivisonno, a Cleveland native, began his talk radio career in 1986. Since his days as ‘Mr. Know-it-All,’ Triv has been voted ‘Best Talk Show Host’ by Scene Magazine and The Achievement in Radio Awards. The Cleveland Plain Dealer named him the ‘Voice of Cleveland,’ Cleveland Magazine named him ‘One of Cleveland’s Fifty Most Interesting People,’ and he was a 2003 NAB Marconi finalist for ‘Personality of the Year.’ Triv proudly raised over $5 million dollars for local charities during his career, including Coats for Kids, whom he hosted his annual ‘Vegas Show Benefit’ in support of. Although ‘The Voice of Cleveland’ has been silenced, his impact on Cleveland will be felt and heard for years to come. All of us here at WTAM send our love and support to his family during this difficult time. We will bring you more details as we receive them, including information on memorials.”

NOW POSTED: This Weekend’s Installment of “The Michael Harrison Wrap: An Overview of the National Conversation.” The latest installment of the 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. This new episode titled, “War of the Words,” looks back at this past week of 10/25 – 10/29. The program features guests (in order of appearance): Kevin Casey, executive editor, TALKERSVictoria Jones, executive director, DC Radio CompanyArmstrong & Getty, talk show co-hosts, independently syndicated; Glenn Jacobs, mayor of Knox County, TN/former world heavyweight champion wrestler (Kane), WWE. The show airs each week on its flagship, WONK-FM, Washington, DC, Friday evenings at 6:00 pm ET. It also airs throughout the weekend on WTIC, Hartford; KSCO, Santa Cruz, CA; KDFD, Denver; KFNX, Phoenix; KTLK-FM, St. Louis; WPG, Atlantic City, NJ; SuperTalk 99.7 WTN, Nashville; WVLY, Wheeling, WV; WTRW-FM, Scranton/Wilkes Barre, PA; WVOX, Westchester, NY; KBDT, Dallas; KQSP, Minneapolis; KBKW, Aberdeen, WA; WGDJ, Albany, NY;  WJFN-FM, Richmond, VA; WZFG, Fargo; KTGO, Tioga, ND; KWAM, Memphis; K-NEWS, San Luis Obispo; WGMD, Rehoboth Beach, DE; WCHM, Clarkesville, GA;  WPHM, Port Huron, MI; KSYL, Alexandria, LA; KTOE, Mankato, MN; WCED, DuBois, PA; K-NEWS 101.3, Owensboro, KY; WWTK, Sebring, FL; WSAR-AM/FM, Fall River, MA; WIZM-AM/FM, La Crosse, WI; WMVA, Martinsville, VA; KQEN, Roseburg, OR; the Virginia Talk Radio NetworkCRN Digital Talk Radio Network; the iHeart Podcast NetworkPioneer Valley Radio, Springfield, MA; Podcast Radio, UK and many more.  To listen to this week’s episode, 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.

SiriusXM Q3 Revenue Rises 9%. Satellite and digital broadcaster SiriusXM revealed its financial results for the third quarter of 2021 and reports revenue of $2.2 billion, an increase of 9% compared to the prior year period. The company recorded net income of $343 million in the third quarter of 2021, compared to $272 million in the same period a year ago. SiriusXM CEO Jennifer Witz says, “By adding a record 616,000 net new SiriusXM self-pay subscribers in the third quarter, we attained our prior full-year guidance of approximately 1.1 million net additions in just nine months. We are increasing all of our financial guidance for 2021 and expect to add more than 1.1 million net new self-pay SiriusXM subscribers this year, making 2021 our best for self-pay subscriber growth since 2018. During the quarter, we saw continued low monthly churn and outstanding ARPU performance in the SiriusXM business, and we are also making important progress driving advertising growth at Pandora.”

Nielsen Revenue Increases 5.5% in Q3 of 2021. Reporting its financial data for the third quarter of 2021, Nielsen Holdings Plc says revenue increased 5.5% to $882 million on a reported basis. Net income from continuing operations attributable to Nielsen shareholders increased 18.2% to $117 million, compared to $99 million in the third quarter of 2020. Nielsen CEO David Kenny comments, “We are pleased with our strong third quarter results, building on our track record of execution and demonstrating continued progress on our strategic growth plan. In Audience Measurement, clients see the value in our enhanced and expanded products, and it is driving strong performance across national media and digital-first clients. In Outcomes and Content, growth was driven, in part, by improving trends post-COVID, and we are continuing to build on our global leadership position. Our updated guidance today reflects our strong performance year to date and confidence in our ability to deliver on our objectives.”

iHeartMedia Executive Tony Coles Joins Board of Big Brothers Big Sisters of America. Radio executive Tony Coles is joining the board of directors for Big Brothers Big Sisters of America. The press release says Coles – who serves iHeartMedia as division president of Metro Markets and president of Black Information Network – brings “expertise in media and a passion for mentorship, especially in reaching communities of color, to BBBSA to increase equity and make a lasting impact on the lives of young people.” He most recently worked with BBBSA in securing music artists Blanco Brown and Parmalee as special guests for the organization’s virtual national conference, to bring awareness about the need for more mentors. Coles says, “When I think about the impact mentors have played in my life, I am grateful for those who poured into me and encouraged me to achieve the goals I set for myself — personally and professionally. I am excited to join a powerful board of committed individuals who are focused on making sure the next generation is equipped and prepared for life.”

WBT-AM/FM, Charlotte Wraps Up ‘Talktoberfest.’ The second annual “WBT Talktoberfest” wrapped up last night (10/28) at Radio One’s “News Talk 1110 & 99.3 WBT” in Charlotte. WBT program director Mike Schaefer says this year’s “Talktoberfest” expanded on the 2020 event in which WBT host and former Governor Pat McCrory chatted virtually with Key Networks syndicated talk icon Bill O’Reilly. This year, each Thursday in “Talktober” two of WBT’s personalities met virtually for an hour or so with listeners in a fun “ask us anything” forum on the station’s Facebook Live, Twitter and YouTube platforms. The first episode brought together morning drive host Bo Thompson and the newest member of the team, 12:00 noon – 3:00 pm host Pete Kaliner, discussing everything from their local roots to Pete’s return to WBT to host in the daypart formerly held by Rush Limbaugh, to pizza. The second edition was more news focused as WBT news reporters Mark Garrison and “Breaking” Brett Jensen broke down the biggest local news stories in Charlotte and North Carolina. Week three featured late morning and afternoon drive hosts Vince Coakley and Brett Winterble with a discussion that leaned heavily towards national politics, with discussions of Vince’s previous run for Congress and Brett’s time as a member of the Rush Limbaugh show team. The “Talktoberfest” finale featured an extended version of the station’s twice-daily “AM/PM” discussions with Bo Thompson and Brett Winterble.  Schaefer says, “WBT’s Talktoberfest 2021 was a fun, unpredictable series driven largely by the participation of our loyal listeners! We’re excited to see how the event will evolve in 2022!”

Nielsen and SCBA: The Power of Impressions for the Radio Industry. A recent study by Nielsen – commissioned by the Southern California Broadcasters Association – shows the power of impressions-based buying for the radio industry, according to the SCBA. The study reveals that agencies are increasingly using impressions to evaluate media, and the usefulness of impressions to evaluate radio and digital using a common metric. According to the study, the benefits of impressions-based buying (how many times an ad was heard) offers increased granularity over ratings (how many people were listening during a given time period) and adds value to more dayparts and easier comparison across markets. It also gives audio and digital platforms the ability to capture all of their audiences no matter where content is consumed.  Additionally, the study showed that impressions also provide a brand safe environment for advertisers looking for premium impressions at the local level. Other highlights include: 1) The shift to buying on impressions is accelerating. In fact, 54% of agency professionals are now buying on impressions; 2) Buying on CPM levels the playing field, where supply and demand determine pricing rather than market size; and 3) The line between radio and digital is starting to blur, and impressions are key to evaluating radio station app and website audiences. SCBA president Miles Sexton says, “The importance of combining radio and digital advertising effectively cannot be overstated, and impressions are clearly where the industry is headed. As radio continues to evolve within the digital ecosystem, the building blocks of a successful cross-platform campaign will include impressions.” See more here.

Radio Hall of Fame Inducts Class of 2021. The 2021 Radio Hall of Fame inductees were honored at last night’s ceremony held at Chicago’s Wintrust Grand Banking Hall. Eight radio professionals were inducted, including talk personalities Kim Komando (pictured here with Radio Hall of Fame chairman Kraig T. Kitchin) and sports talk host Dan Patrick. Additionally, 33 late broadcasters were inducted as part of the Legends Class of 2021 that included: Dr. Joy Browne, Barry Gray, and Dr. Toni Grant. Last night’s program was hosted by Jonathon Brandmeier with Hall of Famer Jim Bohannon also doing announcing duties throughout the show. Photo: David Kindler Photography.

Federal Budget Negotiations Top News/Talk Story for Week of October 25 – 29. The negotiations over President Joe Biden’s infrastructure and social spending bills was the most-talked-about story on news/talk radio this week, landing atop the Talkers TenTM. At #2 this week was the state of the U.S. economy, the supply chain disruption, inflation, and labor issues. Following at #3 was COVID-19 vaccines, masks & mandates, and the politics and school board issues surrounding the pandemic. The Talkers TenTM is a weekly chart of the top stories and people discussed on news/talk radio and is the result on ongoing research from TALKERS magazine. It is published every Friday at Talkers.com. See this week’s complete chart here.

Saturday, October 30 Marks the 83rd Anniversary of Historic ‘War of the Worlds’ Radio Broadcast. With concerns over so-called fake news, “deepfakes,” and algorithm manipulation in the zeitgeist, this Saturday (10/30) marks the anniversary of the original “deepfake of 1938,” when more than eight decades ago, “War of The Worlds,” Orson Wells’ radio drama about an alien invasion theatrically presented as “breaking news,” reportedly scared the daylights out of the nation (and many claim that even the level of hyperbole surrounding those reports were fake news about fake news). The story about this event is extremely well-covered in today’s (10/28) posting of the premiere episode of Season 2 of the hit podcast series, “We Interrupt This Broadcast.” ATTENTION PROGRAMMERS: this is a great, last minute Halloween radio special in a bottle. The show’s producers are offering news/talk radio stations and broadcasters who read TALKERS free access to the podcast and use of any or all of its production elements to tie in with the event’s connection to Halloween. Here is a link to the “War of The Worlds” episode: The War of The Worlds: The Original Deep Fake of 1938. For more information or to arrange an interview, contact the podcast’s producer Joe Garner at jgarner@garnercreative.com or 818-439-6771.