Tag: "Turning Point USA"
Monday, May 9, 2022
Pending Business: Howdy Partner. Radio sales pro Steve Lapa writes today about the strange use of the word “partner” for the advertiser on a radio program. Lapa says, “Do our advertisers (customers) really want a partnership in the true sense of the word? Or do our advertisers want what everyone else wants: maximum value at the best price?” Aside from the inaccurate nomenclature, Lapa wonders if the “partner” designation affects the sales effort. Read his column here.
Monday Memo: “Gas cards? OR…Bitcoin?” “Imagine asking a contest winner to choose THAT?” consultant Holland Cooke asks. In this week’s column, he recalls “when radio stunts were fun,” and how a contest “will sound as big as you make it sound.” Read more here.
Audacy First Quarter Net Revenue Up 14%. For the first quarter of 2022, Audacy reports net revenue of $275.3 million, an increase of 14% over the same period in 2021. The company also saw its net loss shrink from $21.6 million in the first quarter of 2021 to $11 million in Q 1 of this year. Audacy provides financial data by segment and reports that spot revenue (national and local) was $173.9 million, while its digital segment (including podcasting) rose 16% to $53 million from the $41.6 million reported in the first quarter of 2021. Audacy also breaks down net revenue by format type and reports music radio revenue was $140.4 million; sports radio revenue was $53 million; and all-news & news/talk revenue was $48.3 million. Audacy president and CEO David Field comments, “I am pleased to report that Audacy posted strong first quarter results, delivering 152% growth in Adjusted EBITDA led by double digit revenue growth in both digital and spot radio. With our scaled, leadership position across broadcasting, podcasting and digital audio and our differentiated premium content offerings, we are well positioned to drive rapid evolution and innovation across the organization to capitalize on the outstanding growth opportunities in the dynamic audio marketplace. In Q1, we launched the Audacy Digital Audience Network, an addressable aggregate of 60 million listeners across our app, streaming content, and podcast lineup, enabling precision targeting at scale coupled with real-time optimization and reporting. We are looking forward to a number of exciting additional product and content launches and enhancements over the course of 2022 that will accelerate our audience growth and bolster our advertiser appeal.”
Beasley Broadcast Group Reports Q1 Net Revenue Increase of 15.6%. Reporting its financial data for the first quarter of 2022, Beasley Broadcast Group – parent company of Beasley Media Group – states that net revenue was $55.7 million, an increase of 15.6% over the same period in 2021. The company is also reporting an operating loss of $2.7 million in Q1 compared to an operating loss of $2.5 million in the first quarter of 2021. The increase in operating loss is primarily the result of an increase in operating expenses, which reflects additional cost of sales related to the revenue increase, other expenses related to sports and marketing, and additional expenses related to the company’s digital agency build out. Beasley’s net loss for the quarter fell to $3.7 million compared to the net loss of $10.7 million reported for the same period a year ago. Beasley CEO Caroline Beasley states, “First quarter results highlight ongoing progress toward our goal of returning all of our revenue sources to pre-pandemic levels. Net revenue rose 15.6% inclusive of a 35.5% rise in digital segment revenue, which accounted for 14% of total net revenue in the quarter, marking further success of our digital transformation strategies. Comparing our revenue performance to the first quarter of 2019, revenue was down $2.0 million, or 3.4%, as the 2019 results benefited from events and other revenue that has not fully recovered from the effects of the COVID-19 pandemic. Total outstanding debt as of March 31, 2022 was $300 million, as we did not have any scheduled debt payments during the quarter, and we had $50.7 million of cash and cash equivalents on hand at quarter end. We made an interest payment of approximately $12.9 million in February and repurchased $5 million of our 8.625% senior secured notes at a discount early in the second quarter. Our strong liquidity position enables us to make debt repayments while providing us with increased financial flexibility to pursue a potential acquisition or investment within the digital space, should an opportunity arise that could accelerate our digital growth, provide synergies or improve financial results. Looking ahead to the second quarter and second half of 2022, our focus remains on driving further revenue diversification and audience expansion, improving margins, benefiting from the return of the political cycle, maintaining a strong and flexible balance sheet, reducing net leverage and growing free cash flow. We expect progress on each of these fronts as we continue to close the gap on our pre-pandemic revenue and SOI levels and grow from there. I am extremely proud of our team members across the company for everything they have done and are doing to help us move past the challenges presented by the pandemic. We have clearly accomplished a lot and I believe we have many more opportunities ahead to build the company and enhance stockholder value.”
Ramsey Solutions Wins Webby Award for Borrowed Future Documentary. The documentary film Borrowed Future – produced by Ramsey Solutions – will be recognized as the Best Video Documentary in the Longform category of the 2022 Annual Webby Awards. Known as the “best of the Internet,” the Webby Awards are presented by the International Academy of Digital Arts and Sciences, the leading international awards organization honoring excellence on the Internet. Borrowed Future was originally released as a podcast in 2019 and reveals the inner workings of the predatory student loan industry that keeps borrowers trapped in debt. Directed by David DiCicco, the story follows college graduates who owe between $9,000 and $1 million in student loans, a college graduate who paid cash for college, and a group of high schoolers who haven’t made their choice yet. Leading voices like Mike Rowe, Seth Godin and Dave Ramsey are also featured. For weeks, the film held top spots on multiple streaming platform charts: #1 documentary on Google Play, #2 documentary on Apple TV and #5 documentary (rent or buy category) on Amazon Prime Video. Dave Ramsey says, “There’s no doubt we stirred up a holy ruckus with this documentary, and I’m so proud of the team that put it together. The student loan industry is downright evil. We definitely can’t bank on student loan forgiveness, and it’s about time America said, ‘I’ve had it!’” Webby Awards executive director Claire Graves comments, “Borrowed Future has set the standard for innovation and creativity on the Internet. This award is a testament to the skill, ingenuity, and vision of its creators.” The 26th Annual Webby Awards will take place in New York City on May 16. See more about the film here.
Brandon Tatum Joins Salem Radio Network for Syndicated Radio Program. Conservative media figure and former Tucson police officer Brandon Tatum is joining the Salem Radio Network to fill the slot Larry Elder held until his retirement from radio in early April. He will assume duties as host of the 6:00 pm to 9:00 pm ET program on May 16. The third hour of the program will be repurposed into a podcast. Salem SVP of spoken word Phil Boyce says, “Salem conducted a nationwide search, and some very big names were interested in taking this important slot. Brandon brings a unique talent to Salem, and has a strong following among the nation’s youth, with his involvement with Turning Point USA. His compelling story is riveting.” Tatum has been serving as director of
urban outreach for Turning Point USA and hosts the popular program “The Officer Tatum Show” on social media platforms including YouTube. Tatum says, “Words cannot describe what a blessing it is to be a part of the Salem family. I am incredibly humbled and honored to continue the legacy of the great Larry Elder. My mission in life is to serve God with the gifts he has given me. Being the voice of and for the people is one of those gifts.” Additionally, Tatum co-founded Blexit with Candace Owens, an organization “dedicated to changing the narrative in the black community through education, community outreach, and empowerment.” Carl Jackson, who has been subbing as guest host in Elder’s absence both last summer when he ran for governor, and more recently after Elder’s decision to retire from radio, will continue as a regular sub for Tatum.
TALKERS News Notes. Philadelphia sports media legend and Pro Football Hall of Famer Ray Didinger announces he’s retiring from his weekend radio program on Audacy’s WIP, Philadelphia. The station reports that Didinger said on yesterday’s program that he co-hosts with Glen Macnow, “Sunday, May 29th will be my final show. I am ready to transition from Ray Didi to grandpop.” Audacy says Didinger covered the NFL for The Philadelphia Bulletin and The Philadelphia Daily News for over 25 years and in 1995 his name was added to writer’s honor roll in the Pro Football Hall Of Fame. Didinger also worked as a senior producer at NFL Films, as an Eagles TV analyst on NBC Sports Philadelphia…..SiriusXM announces that Jessica Casano-Antonellis joins the
company as SVP and head of communications, reporting to chief marketing officer Denise Karkos. In this role, she will be responsible for all aspects of the company’s communications function, including strategic communications, brand reputation management and media relations. Karkos adds, “Jessica is a valued and respected leader who brings a wealth of strategic communications experience in the media, entertainment and technology industries to SiriusXM. She will be an incredible asset to the company and will play a key role as we continue to tell the story of SiriusXM as a leader in audio entertainment.”…..Former KQQZ, St. Louis station owner Bob Romanik – whose self
-given nickname was “The Grim Reaper of Radio” – has died at age 72 while in hospice. According to his obit in the Belleville News-Democrat, Romanik served as an East St. Louis police officer and chief of police in both Washington Park and Valmeyer, Illinois during his career. He was a notorious raconteur who liberally used racial epithets on the air and referred to his programming as W.A.R. or White Awareness Radio. In 2020, after attempting to conceal his ownership of KQQZ and failing to show up for FCC hearings on the matter, the Commission permanently dismissed his application for renewal.
The Economy, Roe v Wade, COVID-19, Russia-Ukraine War, Midterms/Trump & the GOP, January 6 Investigation, and Musk & Twitter Among Top News/Talk Stories Over the Weekend. The sinking Dow and NASDAQ, the high price of food & gas, and the ongoing supply chain woes; the reactions to the leaked draft of a Supreme Court decision to reverse Roe v Wade; the rising rate of COVID cases in some parts of the U.S., concerns about new variants, and the ongoing lockdowns in China; Russia’s war in Ukraine and Vladimir Putin’s propaganda; the November midterm elections and Donald Trump’s influence over the GOP; the Justice Department’s investigation into the January 6 Capitol attack; and Elon Musk’s attempt to acquire Twitter were some of the most-talked-about stories on news/talk radio over the weekend, according to ongoing research from TALKERS magazine.
Friday, April 23, 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, “The Air That We Breathe,” looks back at this past week of April 19-23. The program features guests (in order of appearance): Kevin Casey, executive editor, TALKERS magazine; Larry Elder, talk show host, Salem Radio Network; Joe Madison, talk show host, SiriusXM Satellite Radio; Joan Michelson, talk show host / producer, Green Connections Radio; and Holland Cooke, media consultant / talk show host, RT America. 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; 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; the Virginia Talk Radio Network; CRN Digital Talk Radio Network; the iHeart Podcast Network; Pioneer 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.
KMOX, St. Louis Unveils New Live and Local Midday Show. Legendary St. Louis news/talk outlet KMOX-AM/K254CR goes local in the 11:00 am to 2:00 pm daypart. Audacy’s “News Radio 1120AM / 98.7FM” will debut “St. Louis Talks” featuring KMOX personalities Carol Daniel, evening talk show host Ryan Wrecker, and longtime St. Louis radio personality Bo Matthews on May 3. Audacy St. Louis SVP and market manager Becky Domyan comments, “Now is the time to expand our local content offering for the people of St. Louis, and we are thrilled to have three established, well known and trusted St. Louis voices to
help usher in this new era for our station. We look forward to Carol, Ryan, and Bo working in tandem with the KMOX newsroom to report and react on local, regional and national topics that affect our community as we continue building on our position as the voice of St. Louis.” Daniel says, “This is a dream come true for me to host a show on a historic radio station
with talented, funny, and curious people like Bo and Ryan. My goal is to bring listeners stories about the people, places and things in the region we all love but want so much more out of.” Wrecker states, “This is our chance to do something new and exciting through one of the most significant radio stations in America. I can’t wait to work alongside Carol and Bo.” Matthews, who’s been serving with the station part-time since 2019, adds, “Getting the opportunity to share the stories of St. Louis and hear about the people that make it the special place that it is will be an honor. To get to do that with Carol and Ryan makes it even better. This is proof that you can dream big, but God dreams even bigger and makes them come true.”
Round Four of March PPMs Released. The fourth and final round of ratings data from Nielsen Audio’s March 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 March 2021 sweep covered March 4 – 31. Today, TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways from this group of markets. Although it drops 1.1 shares, Waterloo Media’s KLBJ-AM, Austin remains ranked #4 in the market with a 5.1 share (weekly, 6+ AQH share). Emmis Communications’ WIBC-FM, Indianapolis is steady at #3 losing a full share and posting a 7.2 share. In Milwaukee, iHeartMedia’s WISN-AM declines 1.4 shares to finish the March survey with an 8.4 share and falls from #1 to #2 while Good Karma Brands’ crosstown WTMJ-AM sheds four-tenths and wraps the survey with a 5.6 share and stays in the #5 rank. See Mike Kinosian’s complete Ratings Takeaways from this group of markets – along with his Takeaways from the first three rounds – here.
Midwest Communications’ WMBD, Peoria Makes Programming Changes. Peoria, Illinois news/talk WMBD-AM/W262BY is making changes to its program schedule. Effective May 3, the Peoria-based, Compass Media Networks-syndicated “Markley, Van Camp and Robbins” show – hosted by Jamie Markley, David Van Camp, and Scott Robbins – moves to the 11:00 am to 2:00 pm slot formerly occupied by Premiere Networks’ Rush Limbaugh and former “Markley, Van Camp and Robbins” producer Craig Collins returns to the station to host the 2:00 pm to 6:00 pm show. Additionally, WMBD is adding Radio America’s “The Dana Show” starring Dana Loesch in the 9:00 pm to 12:00 midnight daypart. About the changes, Midwest Communications Peoria VP and market manager Mike Wild says, “Trying to replace Rush Limbaugh with a similar type program is a really tall order. The approach of ‘Markley, Van Camp and Robbins’ is differentiated from Rush and we can clearly point to their very successful ratings track record.” He also addresses Collins’ new role in afternoons. “Craig was the natural choice for us there. Craig is passionate, he’s already a part of the community, and because he was part of our group in the past, we know how he can contribute to the culture and success of our entire operation.”
Salem and Charlie Kirk Renew Podcast Deal. The deal between Salem Radio Network and Turning Point USA founder Charlie Kirk in which SRN distributes and handles ad sales for “The Charlie Kirk Show” podcast is extended for multiple years. SRN says “The Charlie Kirk Show” podcast has become one of the top 10 news podcasts in the country on the Apple Podcast rankings amongst nearly 1.7 million podcasts on the platform. Salem first began selling ‘The Charlie Kirk Show’ podcast in November and now will sell and manage the program through the Salem Podcast Network for years to come. Kirk says, “I am thrilled and excited to extend our relationship with Salem. Salem has become a giant in conservative media and is the perfect partner for our team.” Salem SVP of spoken word Phil Boyce adds, “Charlie’s radio show is already doing a great job filling the void in the 12:00 noon – 3:00 pm ET daypart. This podcast already delivered over 100,000,000 downloads in the last 12 months, and is valiantly fighting the culture war that we face in conservatism.”
WKNR-AM, Cleveland Welcomes Back Danny Cunningham. Sports media pro Danny Cunningham is rejoining Good Karma Brands’ WKNR-AM, Cleveland “850 ESPN” as a content teammate in which he’ll handle producing, writing, hosting, reporting and social media duties. Cunningham comes to WKNR from his most recent position as Minnesota Timberwolves reporter and “Vikings Vent Line” co-host at Hubbard Radio’s KSTP-AM, Minneapolis “SKOR North.” After launching his career at WKNR in 2015, he served with Mid-West Family’s sports talk WOZN, Madison, Wisconsin. ESPN Cleveland director of content Matt Fishman says, “We’re thrilled to add someone of his skill and experience to the team.”
Roy Masters Dies at 93. According to a Facebook post from his son Alan Taylor, Roy Masters a pioneer in the self-help talk radio genre died yesterday (4/22) at the age of 93. Alan Taylor posted, in part: “It is with great sadness that I announce the passing of my father Roy Masters, author, teacher and radio counselor to millions worldwide for nearly six decades. Following a storied American tradition, Roy was an immigrant who fell in love with this country from afar. Looking across the ocean from war-torn Britain, he was determined to make the ‘land of liberty’ his home. Since 1963 Roy Masters has been a radio counselor and for more than 50 years, the foundation he created has served and has continued to serve seekers worldwide on their journey to the eternal Truth that seeks us all.” Roy Masters was also the founder, along with now-retired radio executive Alan Corbeth, of Talk Radio Network which syndicated Roy Masters’ radio show for a period, and launched the syndication of Art Bell’s “Coast to Coast AM” as well as Michael Savage’s “Savage Nation. ” Masters’ son Mark Masters served as CEO of the company for many years.
Derek Chauvin Verdict and Race Relations Top News/Talk Story for Week of April 19-23. The trial and verdict in the case of former Minneapolis police officer Derek Chauvin in the death of George Floyd was the most-talked-about story on news/talk radio this week, landing atop the Talkers TenTM. At #2 this week was a tie between police reform and the Columbus, Ohio police shooting death of knife wielding teen Ma’Khia Bryant and Lebron James’ threatening tweet, followed by mass shootings in America and gun control 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.