iHeartCommunications Declines to Make $106 Million Cash Interest Payment. This move, like Cumulus Media’s similar tactic last fall, is designed to spur action in the company’s efforts to restructure its debt. Today, iHeartCommunications, Inc. (iHeartMedia is the parent company of iHeartCommunications) announced that its board of directors elected not to make a cash interest payment of $106 million (due today, 2/1) to holders of its 14% senior unsecured notes due 2021 as active discussions continue among its lenders, noteholders, and financial sponsors regarding a comprehensive debt restructuring. “The board elected not to make the payment in connection with ongoing efforts to proactively and comprehensively address the company’s capital structure. The decision will not trigger an event of default under the indenture as the company will utilize a 30-day grace period under the indenture during which it retains the right to make the interest payment to the holders of the notes and remain in compliance with the indenture governing the notes. The board is considering options as part of its strategy to achieve a comprehensive restructuring of the company’s debt.”
SiriusXM Q4 Revenue Up 8%. The satellite radio company did take a loss of $37 million in the fourth quarter of 2017, but that was due to a $185 million charge associated with the revaluation of the company’s deferred tax assets as a result of the Tax Cuts and Jobs Act. For the year of 2017, SiriusXM’s net revenue was positive to the tune of $648 million. In the fourth quarter, SiriusXM recorded a decrease of approximately $72 million in the fair value of its investment in Pandora, reversing the prior quarter’s unrealized gains. The satcaster reports that it gained 1.56 million self-pay subscribers during 2017 to put its total self-pay subscribers at approximately 27.5 million. SiriusXM CEO Jim Meyer says, “The fourth quarter capped a strong year for SiriusXM and was our best quarter for self-pay subscriber growth in five years. We exceeded all of our 2017 subscriber and financial guidance, even after increasing these targets during the year. I am particularly pleased that we achieved this growth in an environment of slowing auto sales.”
‘Radio War’ Gets KBME, Houston Booted from Super Bowl Radio Row. A good old-fashioned radio war tactic escalated tensions between iHeartMedia’s KBME, Houston “SportsTalk 790” and Entercom’s KILT-AM “Sportsradio 610,” resulting in KBME losing its credentials to broadcast from the Super Bowl LII radio row. It all started when KBME morning host Josh Innes sent his producer, Jim Mudd, to video KILT-AM’s Seth Payne and Mike Meltser as they did their show. It had the intended consequence of riling up Payne, who soon was in a verbal argument with Innes. Audio from the confrontation ended up on both stations’ airwaves. WEEI, Boston’s Gerry Callahan and Kirk Minihane (mornings on the Entercom sports talk station) were broadcasting their show nearby and captured the donnybrook on video. After it was all over, the NFL removed KBME from the radio row. See the Houston Chronicle’s story and the WEEI-shot video here.
KXL, Portland Announces New Afternoon Team. The new afternoon drive team for Alpha Media’s news/talk KXL-FM, Portland “FM News 101” is Lucinda Kay and Cooper Banks. Kay is promoted from her part-time position with the station. She has an extensive background in radio and television news. She launched her career in journalism in 1994, working as a TV news anchor and reporter – in both English and Spanish – for several years. She hosted her own talk show in Spokane. She started freelancing for KXL in 2016. Cooper Banks worked as an afternoon DJ at KWKJ, Warrensburg, Misourri in 2004. He was hired as news director for KMXL/KDMO, Joplin, Missouri two years later. He later jumped to KMBZ, Kansas City as a producer, reporter, and news anchor. Alpha Media Portland content director Bruce Collins says, “I am extremely excited to work each day with Cooper and Lucinda. They have the talent that will take KXL to a new level in pm drive.”
Westwood One at Super Bowl LII. The official network radio partner of the NFL and Super Bowl LII reports that it is on the scene in Minneapolis preparing for its coverage of the game. Westwood One says it’s been busy taping interviews and special features for the coverage. In addition, its personalities (and some from partner NBC Sports Radio) have been visiting radio row. Above is Super Bowl XXXI-winning coach Mike Holmgren (center), one of Westwood One’s Super Bowl LII analysts, doing an interview with KKFN, Minneapolis “K-FAN” personalities Dan Barriero (right) and Justin Gaard (left).
26th Wing Bowl Takes Place Tomorrow Morning. With SportsRadio 94WIP’s Wing Bowl 26 taking place tomorrow morning at the Wells Fargo Center, the official weigh-in takes place tonight, live on WIP, Philadelphia from 5:00 pm to 7:00 pm from Chickie’s and Pete’s. The Entercom sports talk station has scheduled 29 eaters to record their official “eating” weight and record their age, height, and hometown. Members from each eater’s entourage and Wingettes will be on hand to cheer on their favorite eaters to victory. This year, WIP personalities Marc Farzetta, Ava Graham, Al Morganti, and Rhea Hughes will also compete in Wing Bowl 26. The Overall Winner of Wing Bowl 26 gets a 2018 Hyundai Sonata courtesy of Colonial Hyundai of Downingtown, plus Steven Singer Jewelers is presenting $5,000 cash and a custom Championship Medal and Ring. The First Responders Champion Prize is a Harley Davidson XL 883N Iron Sportster Motorcycle courtesy of Barb’s Harley Davidson. The Wingette of the Year walks away with $5,000 Courtesy of Dr. Steven Davis & Davis Cosmetic Surgery, and Best Wing Bowl 26 Entourage wins $5,000 cash, courtesy of Steven Singer Jewelers.
NRG Media Names New General Managers in Omaha and Wausau. There are new general managers at NRG Media’s Omaha and Wausau station groups. Kurt Luchs leaves the Wausau, Wisconsin station group where he’s been GM for almost five years to lead the Omaha cluster that includes news/talk KOIL and sports talkers KOZN and KOZT. In Wausau, Aleese Fielder is promoted from director of sales to general manager. NRG Media president/CEO Mary Quass says, “The goal of NRG Media is to be a destination company for our team to build a career, so I am very excited to be able to promote from within. These promotions are well deserved, together Kurt and Aleese turned Wausau around and helped make it one of the most successful markets in the company. We like to reward a job well done and these moves are a definite win-win for two very talented teams.
Major National Programming Executives Set to Speak at TALKERS 2018: Full Speed Ahead! The roster continues to grow as the 21st annual installment of the talk media industry’s longest-running and most-important national convention continues to name what will be a stellar list of some 50 or more leaders from the programming, talent, sales, management, ownership and technical sectors of the field. Convention organizers have named (in alphabetical order): Canadian radio giant Bell Media national news/talk format head (and PD of NEWSTALK 1010, Toronto), Mike Bendixen; iHeartMedia SVP of news/talk/sports programming, Chris Berry; Salem Media Group SVP/director, spoken word format, Phil Boyce; and Cumulus Media EVP of content and programming, Mike McVay. These outstanding individuals join (in alphabetical order) Beasley Broadcasting CEO, Caroline Beasley; Premiere Networks/FOX News Channel star Sean Hannity; Westwood One president, Suzanne Grimes; PodcastOne founder/executive chairman Norm Pattiz; and Premiere Networks president Julie Talbott as conference speakers. More speakers will be announced here in the days and weeks ahead leading up to the event. For more information about TALKERS 2018: Full Speed Ahead! see story below.
TALKERS Convention Early Bird Discount Ends Tomorrow! The opportunity to attend the 21st annual installment of the talk media industry’s longest-running and most important convention at a significantly reduced registration fee comes to an end tomorrow (Friday, February 2 at 5:00 pm ET). Those registering before the deadline will save $50. TALKERS 2018: Full Speed Ahead! will take place on Friday, June 8 at the ultra-modern Helen Mills Event Space and Theater located in the colorful Chelsea district of Manhattan. The conference will feature more than 50 top speakers from all aspects of the spoken-word media industry – including talent, programmers, managers and owners – with a focus on talk radio and its role in the new digital age and at the dawn of a rapidly accelerating era. This will include programming, sales, marketing, and technology – the full spectrum of concerns, challenges and opportunities facing the modern-day talk broadcaster and broadcasting organization. It will feature keynote addresses, panel discussions, fireside chats, and exhibits of the latest services and equipment available to broadcasting professionals. Like its predecessors, TALKERS 2018: Full Speed Ahead! will also provide its attendees with unparalleled networking opportunities and social mixers including breakfast, lunch, and a closing cocktail reception — all in a single power-packed day! Full agenda details, speaker roster and hotel information will be posted in TALKERS during the days and weeks ahead. As is customary with TALKERS conventions, TALKERS 2018: Full Speed Ahead! is only open to members of the professional media industry and communications students. Because seating is limited, and the event has been an early sellout every year since the 1990s, in order to maintain this policy, non-refundable registrations can only be purchased via telephone with a credit card. Full registration, including all functions, meals, and refreshments costs $329 per person. To register or obtain sponsorship information, call Barbara Kurland at 413-565-5413.
TALKERS News Notes. In the Winchester, Virginia market, Centennial Broadcasting changes the simulcast of classic country on WZFC-FM, Strasburg, Virginia and will instead simulcast its news/talk WINC, Winchester “Newstalk 1400” on WZFC’s 104.9 FM signal. Company market manager Larry Weiss says, “Centennial Winchester is excited about the prospects of extending the reach of our highly regarded ‘Newstalk 1400’ station programming further south in the Shenandoah Valley, utilizing the powerful WZFC signal. This move will allow us to extend the news/talk brand, including our roster of well-established national hosts, south of Winchester into the Warren and Shenandoah County areas.”…..WVLZ, Knoxville “Sports Radio 1180” owner Doug Mathews is selling the station to fellow Knoxville station owner Aaron Ishmael. He owns crosstown oldies WKCE. Ishmael begins operating WVLZ under an LMA today (2/1). The Knoxville News reports that two WVLZ personalities Tony Basilio and Jayson Swain – have ended their brokered arrangements with WVLZ. It’s not known if Ishmael intends to change the sports talk format…..JVC Media signs an extension to carry Frank MacKay’s two programs – “Breaking it Down” and “52 Players” – on WRCN, Riverhead (Long Island) and WSWN, Belle Glade, Florida (West Palm Beach).
State of the Union Address, FBI Memo Controversy, Trump-Russia Investigation, DACA Status/Immigration Policy, Gowdy to Leave Congress, Flu Epidemic, Social Media Fraud, Black Panther Film, and Super Bowl LII Among Top News/Talk Stories Yesterday (1/31). Tuesday evening’s State of the Union Address by President Trump; the battle over whether to release the FBI memo that alleges law enforcement abuses and Congressman Adam Schiff’s allegation that Congressman Devin Nunes made changes to the memo; Robert Mueller-led investigation into possible connections between Trump campaign operatives; the status of the Obama-era DACA Act and the Trump administration’s immigration policy; Congressman Trey Gowdy announces he will not seek re-election; the flu epidemic that’s sweeping the U.S.; the social media scandal involving allegations numerous high-profile people bought artificial followers from a firm called Devumi; the new superhero film Black Panther; and the build-up to Super Bowl LII were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS magazine.
Powerful Candid Conversation with WABC, New York Personality Curtis Sliwa on Harrison Podcast. New York City radio icon Curtis Sliwa is this week’s guest on the award-winning PodcastOne series “Up Close and Far Out with Michael Harrison.” Sliwa, whom Harrison describes as a “performance artist,” is the founder and leader of the grassroots crime fighting organization the Guardian Angels, as well as serving as the chairman of the New York State Reform Party. Sliwa is a longtime Big Apple talk show host heard mostly on WABC during the past few decades. He is currently recovering from serious surgery in the aftermath of an ongoing battle with Crohn’s Disease and other gastroenterological issues – resulting in him having to dry out from opioid addiction. Harrison and Sliwa talk about a range of subjects including prescription drugs, the state of radio, street crime, politics, Donald Trump and the peculiar nature of ego. Don’t miss this! To listen to the podcast in its entirety, please click here or click on the “Up Close and Far Out” player box located in the right-hand column on every page of Talkers.com.
Music Radio News and Career Moves. Some of the performers taking part at the March 11 iHeartRadio Music Awards are being announced by iHeartMedia. The fifth “fan-fueled” iHeartRadio Music Awards takes place at the Forum in Los Angeles and will feature: Ed Sheeran, Cardi B, Maroon 5, Camila Cabello, Charlie Puth and Backstreet Boys will be among the performers. The event is being hosted by Hailey Baldwin and DJ Khaled and is being simulcast live on TBS, TNT and truTV at 8:00 pm ET…..Alpha Media Dayton names programming pro Bo Matthews operations manager for the cluster and content director for adult hits WGTZ “92.9 Jack FM” and country WCLI “101.5 Hank FM.” Matthews was most recently SVP of programming for iHeartMedia Cincinnati. He began his career in Youngstown, Ohio with then-Jacor and worked his way up the programming ladder at Clear Channel and iHeartMedia. Alpha Media EVP of content Scott Mahalick comments, “Bo is a world-class, ‘A’-level programmer who is energized, pursues excellence as a habit, and understands the mission and how to achieve it. We look forward to his leadership on the Alpha content team.”…..Envision Networks announces that its ‘90s rock weekend show “The Core” adds new affiliates, bringing the Envision Rock Network affiliate count to more than 350. Adding the program are: KUBQ, La Grande, Oregon; WTCX, Ripon, Wisconsin; and WKBH, La Crosse, Wisconsin.