Front Page News Industry News

Tuesday, October 18, 2022

Salem to Acquire Miami Signals for Conservative Spanish News/Talk Format. The company announces it has entered into an agreement with Actualidad Media Group, LLC to purchase the assets of Class B daytimer WMYM-AM, Kendall, Florida and translator W254DT (98.7 FM) for an undisclosed sum. Salem Media Group executive chairman Edward Atsinger says, “Salem is beginning a new chapter in Miami as we expand our conservative and family themed programming to the Spanish-language audience. Miami is an obvious market for this expansion, and we’re excited to add great signals like WMYM AM 990 and FM 98.7 to our portfolio.” The company says it has a long history in Spanish-language broadcasting starting in 1984 in New York City with WNYM AM 1380, which was sold in the late 1980s and remains in the Spanish-language format today. Currently Salem owns Spanish-language radio stations in Dallas – KLTY-FM 94.9 HD2 and translator FM 102.5 (Spanish Christian Contemporary Christian Music);  KTNO-AM 620 (Spanish Christian Teaching and Talk) in Portland; KRYP-FM 93.1 “El Rey” (Regional Mexican); and in Denver – KBJD AM 1650 (Spanish Christian Teaching and Talk).

Cumulus Makes if Official: Rich Valdés to Host Jim Bohannon Show. Last week’s news of Jim Bohannon’s health-related retirement from his longtime late-night Westwood One program indicated that Mark Levin show associate producer Rich Valdés would be assuming hosting duties for the show. Now, Cumulus Media makes it official and says Valdés will be the permanent host for the program that will continue to be called “The Jim Bohannon Show.” Valdés welcomed Levin as his first guest on the program last night (10/170. Levin comments, “Jim Bohannon is a legend. He’s also the #1 gentleman of talk radio. His absence from radio will be deeply felt. But there is no better person to assume that slot than my dear friend and colleague, Richie Valdés. Richie V, aka Mr. Call Screener, has been a fill-in host for me and is superb. He is compelling, entertaining, smart, and an unapologetic patriot. I could not be happier for him and, even more, the great radio audience.”

Radio Hall of Fame Names WTOP’s Julia Ziegler ‘One to Watch.’ The Museum of Broadcast Communicationsannounces today that the Radio Hall of Fame names Julia Ziegler, director of news and programming for Hubbard Broadcasting’s all-news WTOP-FM, Washington as the recipient of its “One to Watch” award. The “One to Watch” award was created in 2018 in honor of radio legend and 2012 Radio Hall of Fame inductee Art Laboe, who passed away earlier this month at the age of 97. Each year, the nominating committee selects what it considers a promising radio personality or team who has demonstrated ratings success, audience growth, and impact on one or more radio stations and their communities. Ziegler began her career at WTOP in 2002 as an intern. From 2015 to 2019, she served as WTOP’s digital news director, where she oversaw the creation and development of WTOP’s digital news products, including WTOP.com, the WTOP app, social media, video, podcasts, smart speakers and more. She was part of the WTOP team that created and produced the award-winning true crime podcast, “22 Hours: An American Nightmare.” She rose to her current position in 2019. Nominating committee chair Dennis Green comments, “It is with great pride that we honor Julia Ziegler with this year’s ‘One to Watch’ award. Julia has literally done it all at a station that is one of the most highly respected in the nation.  From interning at WTOP to working her way up to director of news and programming while setting the station’s path in digital and social media, this recognition is well deserved.  On behalf of the Radio Hall of Fame nominating committee, congratulations, Julia, and continued success!”

Wayne Allyn Root Inducted into Nevada Broadcasters Hall of Fame. Pictured above is Las Vegas-based, nationally syndicated talk show host Wayne Allyn Root with his wife Cindy at the Nevada Broadcasters Hall of Fame Gala on October 15. Root says he received a letter of congratulations from former President Donald Trump that read, in part, “Congratulations on your induction into the Nevada Broadcasters Hall of Fame! Melania and I send our best wishes to you, your wonderful family, and all those attending the 26th Broadcasters’ Hall of Fame Gala to celebrate your success and the success of your fellow inductees. This extraordinary honor is the result of your lifelong commitment to excellence, principled leadership, and perseverance. Your hard work and determination have provided the foundation for your continued success and exemplify the American Dream.”

New Fisher House Program Available November 1. The Fisher House Foundation announces that The Jeff Wyatt Group has a fresh edition of “The Fisher House Story” for 2022 that is available for download on November 1. You can hear the demo and be set to register and download on that date here. “The Fisher House Story – On the Road to 100 Houses” is a talk 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 free three-hour, one-hour, 25- and 30-minute radio specials are hosted by longtime Washington, DC talk radio personality Larry O’Connor and will feature stories of our nation’s heroes, the families who serve by their side, and how Fisher House plays a role in their journey. The programs are being produced in time for Veterans Day weekend (November 11) and are perfect for this holiday season, as well as for Memorial Day and Fourth of July weekends. For more information on this radio special, available cash and barter free, contact Jeff Wyatt at The Jeff Wyatt Group at 301.518.3640 or jw@thejeffwyattgroup.com.

TALKERS News Notes. Data from the third quarter of 2022, according to Comscore, FOX News Digital finished the period as the top-performing news organization in the competitive set in multiplatform minutes and views. FOX News Digital closed out the quarter delivering over 8.5 billion total multiplatform minutes, over 4.3 billion total multiplatform views, and averaged 80 million monthly multiplatform unique visitors…..NRG Media’s news/talk KXEL-AM, Cedar Rapids-Waterloo, Iowa reports that it is replacing “The Jim Bohannon Show” with two programs – an expansion of Starnes Media Group’s “The Todd Starnes Show” and Key Networks’ “No Spin News” with Bill O’Reilly. Station program director Jeff Stein says, “Our audience loves Todd Starnes’ common-sense conservativism and has asked us to find a way to carry the full program. There’s no better way to fill the shoes of a radio hall-of-famer than to provide more of a show that has already proven to be popular with Iowans. Adding ‘No Spin News’ is a logical move, based on the success of both the ‘O’Reilly Morning Update’ and ‘Bill O’Reilly Update’ we air each morning.”…..FOX Sports Radio’s LaVar Arrington – co-host of the network’s weekday morning program “Two Pros and a Cup of Joe” with Brady Quinnand Jonas Knox, and co-host of the nationally-syndicated weekend program/podcast “Up On Game” with TJ Houshmandzadeh and Plaxico Burress – announces today the addition of comedian and social media influencer Bubba Dub to the “Up On Game Presents” lineup with his new show, “Trashh Talk Podcast with Bubba Dub.”

Midterm Elections, Russia-Ukraine War, The Economy, Trump Legal Issues, China Politics, Ye-Parler Deal, and British Politics Among Top News/Talk Stories Yesterday (10/17). The numerous debates taking place in advance of the November midterm elections; Vladimir Putin’s kamikaze drone attacks in Russia’s invasion of Ukraine; high gas & food prices and the up & down financial markets; the various legal issues facing former President Donald Trump; China’s Xi Jinping accepts a third term as president and his ambitions to dominate the global power structure; rapper and fashion mogul Ye announces bid to acquire conservative social media platform Parler; and the economic policy issues facing British Prime Minister Liz Truss were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.

Front Page News Industry News

Wednesday, May 4, 2022

Cumulus Media 2022 First Quarter Net Revenue Rises 15%. Reporting financial data for the first quarter of 2022, Cumulus Media’s total net revenue for the period was $232 million, an increase of 15% over the same period in 2021. The company says it was the fifth straight quarter of sequential improvement in revenue performance versus a comparable quarter in 2019. Cumulus also reports a Q1 net loss of just $0.9 million, down from the net loss of $21.9 million reported in the first quarter of 2021. The broadcast radio segment is broken into two parts – spot, which rose 11.9% over the same period a year ago, and network, which was up 5.2%. The company’s digital segment was up 18%, led by digital marketing services (+35%) and podcasting (+22%). Cumulus president and CEO Mary G. Berner says, “Our outstanding first quarter results once again demonstrate the positive impacts of our ‘audio-first’ strategy to transform the company from a one-dimensional radio broadcaster to a multi-dimensional audio media company. Following a strong 2021 performance, this quarter’s results underscore our ability to deliver value to our shareholders through sustained profitable top- and bottom-line growth and balance sheet de-levering. We delivered sequential revenue improvement for the fifth straight quarter versus the comparable 2019 quarter, grew EBITDA by 250% year-over-year, and generated continued strong cash from operations, which collectively allowed us to achieve the company’s lowest net leverage in over a decade. Given our best-among-peers balance sheet, strong financial momentum and the company’s positive 2022 outlook, we expect ongoing cash flow generation that will support a meaningful return of capital to shareholders now and in the future. Accordingly, as a first step, today we are announcing a $50 million share repurchase program with a plan to commence share repurchases in the near-term. This capital return program is underpinned by our continued belief that the company is significantly undervalued.”

 

Cumulus Rejects Unsolicited Acquisition Bid. The last sentence of Cumulus Media president and CEO Mary Berner’s statement outlining its first quarter results says it all: “The company is significantly undervalued.” That was also the theme of a memo from Berner to Cumulus shareholders regarding the unsolicited offer from a consortium led by Connoisseur Media CEO Jeffrey Warshaw to acquire Cumulus. Berner says, “The company recently received an indication of interest in acquiring the company for $15 to $17 per share. After a careful and thorough review, conducted in consultation with our financial and legal advisors, the board unanimously concluded that the indication of interest significantly undervalues the company and is not in the best interests of its shareholders. The company’s board is open to all paths that continue to drive superior shareholder value. Our strong momentum across business lines, multiple digital revenue growth drivers, operational efficiency and superior cash flow provide the company with substantial untapped upside that it expects to continue to realize on behalf of its shareholders. Given these facts and circumstances, the board unanimously believes execution of the company’s strategy will deliver significantly more value to shareholders than this indication of interest.”

 

Bill O’Reilly’s ‘No Spin News’ Debuts This Week. The Bill O’Reilly-hosted program from Key Networks debuts this week on 58 stations across the U.S. Key Networks says “No Spin News” is “a full hour of trailblazing journalist and bestselling author O’Reilly’s fair, smart, fact-based analysis” airing every weeknight. The one-hour show has been airing in New York on 77 WABC for over a year under the title, “Common Sense with Bill O’Reilly.” The program now joins the suite of shows syndicated by Key Networks that includes: “The O’Reilly Update,” “The O’Reilly Update – Morning Edition,” and “The O’Reilly Update – Weekend Edition.” O’Reilly says, “We are beyond happy that radio stations from coast-to-coast are spreading the ‘No Spin’ mantra. We provide something that’s badly needed in the USA: honest fact-based analysis.” Key Networks COO Dennis Green comments, “Based on the success of ‘The O’Reilly Update,’ the marketplace was ready for more content from Bill O’Reilly. ‘No Spin News’ provides analysis on what is happening in the world that listeners want to hear. This is content you won’t get anywhere else, and I expect stations to add Bill O’Reilly’s ‘No Spin News’ in large numbers!”

 

WABC-TV, New York Opens Long Island Bureau at Hofstra University. New York City’s WABC-TV is opening a new, Long Island bureau today (5/4) inside the Lawrence Herbert School of Communication at Hofstra University. The small bureau will have a full-time reporter and two production trucks in Long Island, New York. WABC has a history of supporting the journalism program at the university, donating significant quantities of valuable equipment and providing internship and career opportunities for many students. Hofstra students will have regular exposure to WABC journalists, expanded internships, guest lectures and seminars held by WABC professionals. The Long Island bureau, located in the newsroom of Hofstra’s award-winning, student-run radio station, WRHU-88.7 FM, reinforces WABC-TV’s commitment to Long Island, as well as the Herbert School’s commitment to community journalism, including the newly launched community news site, LongIslandAdvocate.com. Lawrence Herbert School of Communication dean Mark Lukasiewicz states, “Our journalism program emphasizes experiential, hands-on learning and encourages our student journalists to engage with Long Island communities to tell impactful stories. The Eyewitness News Long Island bureau, located alongside WRHU’s newsroom, will provide that kind of hands-on opportunity – a daily chance for students to observe and learn from great local journalists doing the work of New York’s top broadcast news operation.”

 

TALKERS News Notes. The nationally syndicated “Rob Carson Show” joins the 1400 Investments, LLC-owned Nevada Talk Network. The program, syndicated by Newsmax and airing in the 12:00 noon to 3:00 pm ET daypart, is being heard on KELY-AM, Ely; KNNR-AM, Sparks-Carson City; KDJJ-FM, Fernley-Fallon; KPKK-FM, Amargosa Valley; KAVB-FM, Hawthorne; and KPVM-TV 25.6, Pahrump…..The syndicated “Todd Starnes Show” – airing live from 12:00 noon to 3:00 pm ET – adds new affiliate station KTXW-AM/FM, Austin “The Bridge” to its roster of affiliate stations…..FOX Nation – FOX News Media’s “on-demand streaming service designed to complement the FOX News Channel experience with a members-only destination for its most passionate and loyal super fans” – is premiering a documentary series about music and television industry star Sharon Osbourne in September. Titled “Sharon Osbourne: To Hell & Back,” the four-part program features “a candid and heartfelt look into Osbourne’s personal and professional life, highlighting how she found herself in the crosshairs of the cancel culture movement after exiting CBS’s ‘The Talk.’”…..SiriusXM is presenting nationwide, comprehensive coverage of the Kentucky Derby this Saturday (5/7). The wire-to-wire race broadcast of the Kentucky Derby is provided by NBC Sports Audio Network.

 

Roe v Wade Leak, Midterm Primaries/Trump & the GOP, the Economy, Russia-Ukraine War, COVID-19 Among Top News/Talk Stories Yesterday (5/3). Reactions to the leak of a draft of the Supreme Court’s decision to overturn Roe v Wade; the primary elections in Ohio and Indiana, the battle for control of Congress in November’s midterm elections, and Donald Trump’s influence over the GOP; the activity on the world’s financial markets, the supply chain woes, and concerns about a recession; Russia’s ongoing invasion of Ukraine and the effects across the globe; and concerns about new Omicron variants and the possibility of a serious summer COVID wave were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.