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Beasley Broadcast Group Q1 Net Revenue Up 4.6%. The 2019 first quarter financial report from Beasley Broadcast Group includes the acquisition of WXTU, Philadelphia and reveals net revenue of $57.7 million – an increase of 4.6% over the $55.2 million figure from the first quarter of 2018. The company says the increase “reflects growth in the company’s Philadelphia cluster primarily related to the September 2018 acquisition of WXTU-FM, growth in the company’s Tampa cluster primarily related to the 2018 acquisition of an event company, and revenue growth in three of the company’s other radio markets, partially offset by declines in the remaining markets where the company operates.” Station operating income rose $0.6 million or 6.2% year-over-year in the first quarter of 2019 to $10.2 million. The year-over-year increase reflects the net revenue growth during the period which more than offset a 4.3% year-over-year rise in station operating expenses related to the company’s expanded platform. Beasley CEO Caroline Beasley says, “The ongoing execution of our strategies to expand our scale, diversify our revenue mix and leverage the value of our premium local brands and content continued to serve Beasley well in the first quarter of 2019. The strength of our station clusters in three of our top five largest revenue markets as well as contributions from recent acquisitions and station swaps resulted in a 4.6% revenue increase and more than offset the $0.8 million year-over-year decline in revenue from our prior relationship with United States Traffic Network, which was discontinued in the third quarter of 2018. As a result, Beasley’s first quarter net income rose to $1.4 million, we generated a 6.2% year-over-year increase in SOI and generated an overall margin improvement.”
TALKERS CONVENTION SPOTLIGHT: Sports Talk Radio to be Spotlighted at Forthcoming Talkers Convention. An examination of sports talk radio will be one of the many highlights planned for the forthcoming Talkers 2019: Telling the Story on Friday, June 7 in New York City. There will be two significantly pertinent sessions addressing spoken-word radio from the sports talk perspective. The first will be a one-on-one discussion between two leading influencers in the genre. Mark Chernoff, SVP programming WFAN/Entercom New York and captain/sports format, CBS Sports Radio will be in direct conversation with Mike Thomas, program director, WBZ-FM, Boston “98.5 The Sports Hub” and brand manager for spoken word, podcasts, esports, Beasley Broadcasting. The introducer/facilitator of this conversation will be nationally syndicated talk generalist Kate Delaney, host of “The Kate Delaney Show” (Genesis Communications Network) and weekend contributor to NBC Sports Radio. The other major sports talk session featured at Talkers 2019: Telling the Story will be a special keynote address delivered by nationally syndicated CBS Sports Radio superstar Jim Rome, titled, “Engaging the Already Informed.” Rome will address the challenges presented in the modern era of heightened, amplified, and sped up communications – not just in sports talk but in all forms of talk radio – in which the audience already has the basic information about what’s happening news-wise within the genre before the conversation even begins. Don’t miss these sessions! The conference is rapidly moving toward being an early sellout. To see the entire up-to-the-minute agenda and registration/hotel information, please click here.
PPM Analysis: News/Talk. TALKERS magazine managing editor Mike Kinosian presents a look at the performances of radio stations based on data from Nielsen Audio’s March 2019 PPM survey, today focusing on news/talk radio. Just 28% of news/talk stations saw their weekly 6+ AQH share increase from February to March, while 51% went down. Comparing year-over-year ratings, half the stations on our panel were up and half were down, with some notable movement from some of the country’s prominent news/talk outlets. iHeartMedia’s WLW, Cincinnati rose 2.6 shares from March 2018 to March 2019 while Bonneville’s KSL, Salt Lake City and iHM’s WISN, Milwaukee both dropped 2.4 shares year-over-year. Just two news/talk outlets ranked #1 (6+) in their respective markets in March – Cox Media Group’s WSB-AM/WSBB-FM, Atlanta and Townsquare Media’s WKXW, Trenton “New Jersey 101.5.” See Mike Kinosian’s entire report here.
Monday Memo: Promotion, Now More Than Ever. Consultant Holland Cooke writes in this week’s Monday Memo that too many radio stations don’t spend enough capital promoting themselves. “One of radio’s enduring and painful ironies is that we sell advertising, but many stations DO none…which advertisers notice. And, conversely, they view stations that do promote as ‘big,’ and they feel that stations’ off-air promotion supports the schedules we’ve sold them.” Need reasons why you should be promoting your station? Read Cooke’s column here.
AM Signals Profiled in Politico Piece. Different people have different opinions about the efficacy of AM radio in the 21st century, but a piece published recently in Politico presents a view of six AM broadcasters who connect with their audience in unique ways that belie their humble AM platforms. The gist of the story is that there are audiences being served in very important ways via a broadcast technology that many – including a fair number in the radio industry – believe is past its prime. But the cases illustrated in the piece indicate that for some, the value of the radio station is immeasurable. Read it here.
Salem Media Group Profiled by The Hollywood Reporter. The piece is written by Jeremy Barr and is titled, “How Salem Is Quietly Becoming a Conservative Media Giant.” The story quotes several Salem Media Group execs – including SVP Phil Boyce – as it lays out the company’s philosophy of presenting consistently conservative radio programming and digital conservative news and opinion sites that target politically aware and conservative Americans. The company also offers Christian talk and music programming. SVP of spoken word programming Phil Boyce says the Salem Radio Network’s lineup was created purposefully. “Every weekday, from 6:00 am ET to midnight, Salem broadcasts talk radio programming that fits together like a jigsaw puzzle. There is a linkage between all of the shows and while not all stations take our entire lineup, all of them could and you would not get tired of it.” Read the whole piece here.
Lynn Woolley Show Returns to the Air in Central Texas. Longtime, Texas-based radio talk show host Lynn Woolley is going back on the air in Central Texas. Via a deal with M&M Broadcasters, the Lynn Woolley show will be heard on sports talk outlets KLRK-AM/K257GO, Waco and KTON-AM/K230CH, Killeen-Temple-Belton, beginning on May 6. Woolley has broadcast from studios in Temple for the past 23 years but the show will re-locate to Waco and will air live from 1:00 pm to 4:00 pm. He says, “I could not be happier to work with some of the biggest names in Central Texas radio. David Smoak is a nationally known sportscaster and the voice of the Baylor Bears. John Morris also broadcasts with M&M. I’m a Longhorn by nature, but I can guarantee that at least 10 times each season, I’ll be pulling for the Bears!”
Galaxy Media Appoints Dana Loucks CFO. Taking over as the chief financial officer for Galaxy Media is Dana Loucks. Galaxy president and CEO Ed Levine says Loucks will assume the CFO duties on May 14. “We got to know Dana some years back as he was our banker for a period of time. His tremendous knowledge of finance combined with a wonderful personality made him my first and only choice to succeed our great CFO Mike Lucarelli who is retiring.” Loucks says, “I am truly looking forward to working with Ed and the rest of the progressive team at Galaxy Media. Their longstanding commitment to quality in all areas of the business is a testament to the team’s dedication and work ethic. I am excited for the opportunity to join them and contribute to Galaxy’s continued success.”
TALKERS News Notes. The New York State Broadcasters Association announces the winners of its Excellence in Broadcasting awards for 2019. In the large market category, WABC, New York’s “Bernie & Sid in the Morning” takes home the Outstanding Morning Show award. In the medium market category, WHAM, Rochester was honored with the Outstanding Newscast award…..Sun Broadcast Group announces that it is handling syndication of “Ground Zero with Clyde Lewis.” The program has been syndicated by Premiere Networks and it’s unclear from the SBG press release if Premiere is out of the picture and SBG is handling ad sales as well as affiliate sales. Lewis is quoted saying, “We are so thrilled to partner with Sun Broadcast Group. This is such a great opportunity for our format to reach new audiences. We have something for everybody no matter what you believe in. We can’t wait to see what Jason Bailey and his team can do with our show and bring it to the next level. The support and dedication we have received from SBG so far has been incredible.”…..Texas Radio Hall of Famer Roger Emrich died on Saturday (4/27) after suffering a heart attack last week. The 62-year-old broadcasters was a regular personality on KRLD-AM and the Texas State Network. Emrich was also the stadium announcer for AT&T Stadium, home of the Dallas Cowboys.
Mueller Report Release Aftermath, 2020 Presidential Politics, Trump’s Wisconsin Rally, California Synagogue Attack, Southern Border Crisis, Game of Thrones, Avengers: Endgame Movie, NBA Playoffs, and MLB Action Among Top News/Talk Stories Over the Weekend. The response to the release of the redacted version of the Mueller Report; the Democrats vying to challenge President Trump in 2020 and the politics surrounding the election; President Trump’s rally in Green Bay, Wisconsin on Saturday; the deadly attack at a California synagogue; the state of the migrant influx at the U.S.-Mexico border; Sunday night’s episode of “Game of Thrones”; the new Marvel Comics film Avengers: Endgame; the NBA playoffs; and Major League Baseball action were some of the most-talked-about stories on news/talk radio over the weekend, according to ongoing research from TALKERS magazine.
Music Radio News and Career Moves. In Seattle, Jon Manley exits Entercom’s alternative KNDD “107.7 The End” where he’d been serving as APD, music director, and afternoon personality for the past five years…..Producer JP Allen joins Entercom’s country KMLE, Phoenix as producer for the “Maria & Chad” morning drive show. Allen has been with the company’s WSTR, Atlanta “Star 94.1” producing the “Jeff and Jenn” show…..Entercom alternative outlet KROQ, Los Angeles reveals the lineup for this year’s 27th annual “KROQ Weenie Roast.” As the event moves to Doheny State Beach in Dana Point, California on Saturday, June 8, it will feature: The Lumineers, 311, Silversun Pickups, The Revivalists, Catfish and the Bottlemen, X Ambassadors, Flora Cash, Smith & Thell, and The Regrettes. Entercom Los Angeles SVP Jeff Federman says, “We’ve always believed ‘Weenie Roast’ belonged on the beach and we are thrilled that after 27 years we are finally able to dig our feet in the sand. We look forward to entertaining our listeners with this amazing lineup featuring some of their favorite artists that they hear on KROQ.”