Industry News

iHeartMedia Debuts Two Florida Sports Talkers

iHeartMedia Florida debuts “FOX Sports Radio Orlando 97.9 FM/AM 810” on former Spanish news WRSO-AM, Orlovista and “FOX Sports Radio Jacksonville AM 930” on former Spanish news WFXJ-AM,im Jacksonville. Both stations will air the full slate of FOX Sports Radio programs. These format flips spell the end of the “Accion Radio Network” airing Spanish-language news/talk and information. iHeartMedia North Florida area president Paul Rogers says, “We remain fully committed to providing the best quality entertainment and information to the Hispanic residents on the First Coast and will continue to explore ways we can increase our impact there. The opportunity to return the FOX Sports brand to its original home on AM 930 in Jacksonville was simply too good to pass up. Its appeal cuts across and unites every segment of our community.”

Industry News

WXYT-FM, Detroit’s Mike Stone Signs Off

Longtime Detroit sports media personality Mike Stone, a.k.a., Stoney, co-hosted his last show on Friday (2/16) as he retires from Audacy’s WXYT-FM, Detroit “97.1 The Ticket.” The Detroit News report says,im “He arrived in the area in 1986, and in 1994, he helped launch WDFN ‘The Fan.’ In the late 1990s, he teamed with Bob Wojnowski for the ‘Stoney and Wojo Show,’ that made Stone a household name for decades to come.” Stone told his listeners, “I am somewhat sad that I will not be on the air every day. But I know that sadness ends when there’s no fricking alarm at 4:30 in the morning.” Read the Detroit News’ coverage here.

Industry News

TALKERS News Notes

PodcastOne acquires the exclusive sales and distribution rights to “Camp Counselors with Zachariah Porter and Jonathan Carson.” The podcast first launched in 2022 and has released nearly 100 episodes to date. PodcastOne president and co-founder Kit Gray says, “We’re thrilled to welcome ‘Camp Counselors with Zachariah Porter and Jonathan Carson’ to our network at PodcastOne. Zachariah and Jonathan have created a great comedic podcast, and we’re looking forward to putting our considerable marketing and ad sales strength behind the show to grow its listenership and revenue potential.”

Multimedia sports platform OutKick says January data from Comscore credits it with 7.1 million total multiplatform unique visitors, up 22% versus December 2023. It also delivered 33 million total multiplatform views in January 2024, up 29% versus December 23, and saw 33 million total multiplatform minutes, up 27% versus the prior month. OutKick founder Clay Travis says, “We kick off the year once again with numbers that not only speak to the platform’s growth but our commitment to providing engaging content to our audience. OutKick is the only destination for common-sense reporting with talent that’s unafraid to speak their minds on any topic. I’m looking forward to an exciting year and continuing to drive the conversation.”

Industry News

Top News/Talk Media Stories Over the Weekend

The presidential race and questions about President Joe Biden’s age and his fitness; the legal battles facing former President Donald Trump and the Fani Willis misconduct hearings; the U.S. migrant crisis; Russia takes the Ukrainian city of Avdiivka and the death of Vladimir Putin critic Alexei Navalny; the Israel-Hamas war and the International Court of Justice hears arguments over Israel’s occupation of territory claimed by Palestinians; FBI warnings about Chinese hackers targeting U.S. infrastructure; and the report of Russia’s planned space-based nuclear weapons were some of the most-talked-about stories in news/talk media over the weekend, according to ongoing research from TALKERS magazine.

Industry News

Nielsen: Radio Can Grow Reach of Political Campaigns

Audacy SVP and head of research & insights Idil Cakim dives into a new political study by Nielsen (commissioned by iHeartMedia, Audacy and Cumulus) that suggests advertising on radio can provide political campaigns with an edge and help “connect with key voter groups and amplify other political advertising.” The Nielsen study – Optimizing Political Campaigns in November – concludes that “if a campaign reallocated 20% of existing ad dollars to radio, it couldim reach 17% more voters.” The study references Pennsylvania Senator John Fetterman’s 2022 campaign, noting that it deployed radio to reach voters in Philadelphia and Pittsburgh. In doing so, it allocated 20% of media dollars to radio and generated a 10% lift from radio above the local TV campaign, amounting to 676,000 additional voters at no extra cost. Audacy SVP of strategy, partnerships and analytics Jon Blum says, “When campaigns activate a TV plan, they should activate a corresponding radio plan and incorporate it into the mix with TV. The portion of the population that isn’t reachable via TV could be the swing vote and what throws it over the top for a candidate.” Nielsen’s study noted that if a campaign moved 20% of ad spending to radio, the optimized media plan would connect with 15% more Democratic and Republican voters and 23% more unaffiliated voters. See more about the study here.

Industry News

FOX News Media Promotes Two to Ad Sales Leadership Team

FOX News Media names a new advertising sales leadership team. Trey Gargano rises to EVP of ad sales, overseeing all FNM platforms, including FOX News Channel, FOX Business Network, FOX Newsim Digital, FOX News Audio, FOX Weather and FOX Nation. He takes over for Jeff Collins, who was recently elevated to president of the division for FOX imCorporation. Additionally, Ryan Roelle is promoted to SVP of national sales where she will focus on endemic and national advertising in addition to leading linear and digital sales across the country. In making the announcement, Collins says, “Over the past four years, Trey’s vast knowledge and deep understanding of the news marketplace helped drive new revenue streams while Ryan has increased the effectiveness and performance of our endemic and national sales teams. Together, they will ensure continued growth across FOX News Media platforms and success for our valued partners.”

Industry News

WSCR, Chicago to Present “QB1 Town Hall”

Audacy sports talk WSCR-AM, Chicago “670 The Score” is addressing what’s on every Chicago sports fan’s mind as it presents a live broadcast of the “Parkins & Spiegel Show” (Danny Parkins and Matt Spiegel) called, “QB1 Town Hall.” The Wednesday (2/21) broadcast looks at whether the Chicago Bearsim should keep quarterback Justin Fields or trade him in the upcoming draft for the #1 pick. Parkins and Spiegel will kick off the discussion from Audacy Chicago’s Blue Cross Blue Shield Performance Stage from 2:00 pm to 6:00 pm. Football experts and a live audience will join Parkins and Spiegel to weigh in on the looming decision. “The Score” ran a contest this week for a chance to attend the “QB1 Town Hall.” These winners will make up the crowd that will have the opportunity take part in the debate. WSCR VP of programming Mitch Rosen says, “This decision will determine the entire season’s trajectory and the fans are passionate about their views on it. We’re looking forward to opening up this conversation to our listeners and Bears faithful.” The show is being made available via the Audacy app & website, the station’s Twitch, and YouTube channels.

Industry News

FOX News Digital Leads News Set in Multiplatform Views and Minutes

FOX News Digital reports that, according to data from Comscore, it finished January continuing its streak as the top news brand with both multiplatform views and minutes. FOX News Digital closed outim the month reaching 3.27 billion total multiplatform minutes, compared to CNN.com’s 1.85 billion, and NYTimes.com’s 1.59 billion. FOX News Media attracted 1.66 billion total multiplatform views, compared to NYTimes.com’s 1.49 billion, and CNN.com’s 1.17 billion. When it comes to total digital unique visitors – similar to radio’s cume – CNN.com still holds the lead with 112.7 million. But FOX News Digital (109.7 million) has gradually been gaining ground on CNN.

Industry News

TALKERS News Notes

The Broadcasters Foundation of America announces that award-winning ABC News correspondent and co-anchor of “20/20,” Deborah Roberts, will honor Deborah Norville as this year’s recipient of the Edward F. McLaughlin Lifetime Achievement Award. The Award will be presented to Norville during the Golden Mic gala and fundraiser on March 4 at the Plaza Hotel in New York City. Roberts says, “I’m looking forward to being a part of this well-deserved recognition of Deborah’s outstanding work as a broadcast journalist.”

FOX News Channel’s John Roberts will present a town hall with 2024 Republican presidential candidate and former U.N. ambassador Nikki Haley on Sunday, February 18 in Columbia, South Carolina. The pre-taped one-hour event will air at 5:00 pm ET with an encore at 10:00 pm ET.

Industry News

Top News/Talk Media Stories for Week of January 12 – 16

The U.S. migrant crisis was the most-talked-about story in news/talk media during the week, landing atop the Talkers TenTM. At #2 this week was the military aid package for Ukraine and Israel, followed by former President Donald Trump’s legal battles and the Fani Willis misconduct hearings in Georgia tied at #3. The Talkers TenTM is a weekly chart of the top stories and people discussed in news/talk media 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.

Industry News

Post: Soros Fund Management Buys Audacy Debt

According to a story in the New York Post, the George Soros controlled Soros Fund Management has bought $400 million worth of Audacy’s debt, estimated to be about 40% of the company’s total senior debt. Theim  Post says it confirmed the report with Audacy and the company added, “The decision by our existing and new debtholders to become equity holders in Audacy represents a significant vote of confidence in our company and the future of the radio and audio business.” The story cites an insider close to the situation who is a Republican saying he believes its “possible Soros was buying the stake to exert influence on public opinion in the months leading up to the 2024 presidential election.” Read the Post story here.

Industry News

Compass Media Networks’ Michelle Salvatore to Leave the Company

Compass Media Networks announces that sports division SVP and general manager Michelle Salvatore is resigning after more than 15 years with the company to pursue an entrepreneurial opportunity outside of media. The company says Salvatore will continue with the company through the spring and will advise the company on a transition plan. Compass founder and CEO Peter Kosannim says, “Back in Spring of 2009, during the chaos and sleepless nights involved in launching this national media company, the media gods sent me an angel in the form of Michelle Salvatore. Michelle faced down every challenge, worked tirelessly and with good cheer, and set a gold standard of excellence for not only Compass Media Networks, but our industry. We love and will miss Michelle dearly. Our goal is to build upon the greatness she created as we move ahead into the next chapter of our evolution.” Salvatore comments, “Working at Compass Media Networks literally changed my life for the better. I was able to travel the globe, producing games throughout the United States, Latin America and Europe, and had the chance to work with incredibly talented, passionate, and kind people. I am forever grateful to my dear friends at Compass Media Networks.”

Industry News

Triton Digital Releases January U.S. Podcast Ranker

Triton Digital publishes its U.S. Podcast Ranker for January (Jan. 1 – 28) based on weekly average downloads from participating networks and NPR’s “NPR News Now” maintains its #1 ranking, whileim NBCUniversal News Group’s “Dateline NBC” drops two spots to #4 and audiochuck’s “Crime Junkie” rises to #2 and NPR’s “Up First” climbs to #3. Other radio related podcasts of note include Cumulus Podcast Network’s “The Dan Bongino Show” steady at #7, Salem Podcast Network’s “The Charlie Kirk Show” rising three spots to #15, and Cumulus Podcast Network’s “The Mark Levin Show” up one place to #24. See the complete ranker here.

Industry News

AWM/F Announces Board and Officers

The Alliance for Women in Media and its Foundation are pleased to announce the 2024 national board of directors and officers. AWM/F president Becky Brooks states, “The leadership of our board of directors has allowed AWM and our Foundation to advance women in media for more than 70 years of triumphs and trials. The past year has underscored the need for steadfast leadership in the face of unforeseenim challenges. The mix of diverse and insightful voices on this year’s boards will continue the important work of prioritizing recognition, connection and education of women across all facets of media.” The officer roles include: Katina Arnold, chair, VP, corporate communications, ESPN; Monica Bloom, incoming/vice chair, chief marketing officer, MHz Choice | Topic Streaming; Annie Howell, immediate past chair, chief communications officer, Hallmark Media; Catherine Badalamente, treasurer, president & CEO, Graham Media Group; and Marie Tedesco, treasurer-elect, CFO, Beasley Broadcast Group. New to the board of directors are: Isabel Lara, chief communications officer, NPR; Jaclyn Levin, president, Shriver Media and founder, Liminal Space Media; Christine Moran, head of creator partnerships, Electrify Video Partners; and Debra O’Connell, president, news group and networks, Disney Entertainment.

Industry News

TALKERS News Notes

iHeartMedia, Inc will report financial results from Q4 2023 and the full year of 2023 on February 29 and will conduct a conference call at 8:30 am ET to discuss its financial results and business outlook. A live audio webcast of the call will be available on the Investors homepage of iHeartMedia’s website.

STC Media, LLC announces that its flagship program, “Sports Talk Chicago,” adds two new affiliate stations as WZPN-FM, Peoria “101.1 Peoria Sports Radio” and WRLR-LP FM “98.3 The Life” pick up the show. STC Media president and show host Jon Zaghloul says, “I’m so excited to continue to expand ‘Sports Talk Chicago’ with such supportive partners. We have been looking to add to our reach in both Peoria and Northern Illinois for quite some time, so being a part of 101.1 and 98.3 moving forward is extremely fulfilling!”

iHeartMedia and Charlamagne Tha God’s The Black Effect Podcast Network teams up with John Hope Bryant to launch “Money and Wealth,” a new weekly podcast about financial wellness and developing a wealth mindset. Bryant comments, “Last year, I was honored to join the board of the Black Effect Podcast Network. Now, I’m equally excited to join the incredible lineup of leaders creating content that enlightens and empowers our community. I’ve spent my career as an entrepreneur and executive dedicated to making sure we’re confident and equipped to succeed in the free enterprise system. The color today is not black or white or red or blue – it’s green, as in the color of money. I look forward to sharing not just what I’ve learned about making money, but most importantly, what I know about building wealth.”

Industry News

Yesterday’s (2/14) Top News/Talk Media Stories

The deadly shooting at the Kansas City Chiefs’ Super Bowl parade; former President Donald Trump’s legal battles; today’s misconduct hearing for Fulton County DA Fani Willis; President Joe Biden’s age and the presidential race; the Israel-Hamas war and the humanitarian crisis in Gaza; the U.S. migrant crisis and the impeachment of Homeland Secretary Alejandro Mayorkas; the House $95 billion foreign aid bill; and the Russia-Ukraine war were some of the most-talked-about stories in news/talk media yesterday, according to ongoing research from TALKERS magazine.

Industry News

The “Taylor Swift Effect” on Edison Research’s Q4 Podcast Chart

Edison Research publishes its Top 50 U.S. Podcasts chart for the fourth quarter of 2023, based on total audience reach from its Edison Podcast Metrics. “The Joe Rogan Experience” remains ranked #1, with audiochuck’s “Crime Junkie” steady at #2 and The New York Times’ “The Daily” maintaining the #3im spot. But the big story is the rise of WSE Originals’ “New Heights with Jason and Travis Kelce” shooting from #67 in the Q3 2023 report to #6 in the Q4 chart. (The show was not in the top 100 in the Q2 2023 survey.) Edison says the show starring Taylor Swift’s boyfriend Travis Kelce “gained four and a half times the number of listeners and saw a change in composition to 50% female listeners.” Other noteworthy moves from radio-related podcasts include The DailyWire’s “The Ben Shapiro Show” rising from #17 in Q3 to #9 in Q4 and Cumulus Podcasts Network’s “The Dan Bongino Show” climbing from #29 in Q3 to #26 in Q4. Edison’s Q4 2023 ranker was conducted from October 9, 2023 to December 23, 2023, and is based on surveys of 5,356 weekly podcast listeners age 13+.

Industry News

Audacy Stations and Talent Receive PAB Honors

Audacy stations and hosts in Pennsylvania received 15 2024 Excellence in Broadcasting Awards fromim the Pennsylvania Association of Broadcasters. They include: WPHT, Philadelphia afternoon host Rich Zeoli and the morning show “Kayal & Company” both receiving 2024 Outstanding Local Radio Personality/Team honors, and news/talk KDKA-AM, Pittsburgh and all-news KYW-AM/FM, Philadelphia both receiving several programming honors. Recipients will celebrate at a luncheon in May.

Industry News

WTOP Dedicates Studio to Late Production manager George Moshos

Hubbard Broadcasting’s all-news WTOP News announces the dedication of its production studio as The George Moshos Production Studio, in memory of longtime production manager George Gusim Moshos. Moshos died on January 11 and today (2/14) would have been his 67th birthday. General manager Joel Oxley says, “George helped me so much when I first started at WTOP 30 some odd years ago. I knew little about production and he let me know it. His gruff demeanor and direct style took a minute to get used to. But it didn’t take long for me to realize this guy with the glint in his eyes was a person who cared. Really cared. About his job and doing it right and more importantly about people. He touched so, so many people and made things better for them. Seems only right to name where he spent so much of his time ‘The George Moshos Production Studio.’”

Industry News

TALKERS News Notes

FOX News Channel’s Laura Ingraham will present a town hall with former President Donald Trump on February 20 in Spartanburg, South Carolina at 7:00 pm ET on “The Ingraham Angle.”

“The Money Pit Home Improvement Show,” co-hosted by Tom Kraeutler and Leslie Segrete, announces that it adds stations in Los Angeles and Houston, and “upgrades its exposure” in New York, Dallas, Philadelphia, and Boston. The program is now heard on 450 stations across the U.S. Kraeutler says he attributes this growth to radio stations’ interest in programming that addresses homeowners’ Do-It-Yourself solutions, and advertiser demand for related products and services, “especially on weekends, when homeowners are planning and shopping for what they need to get the job done.” Segrete adds, “Taking on a home improvement project can be daunting, so Tom and I offer callers clear, step-by-step suggestions to do the job themselves or guidance on hiring a pro.”

Motor Racing Network is broadcasting live today (2/14) from Daytona 500 Media Day where representatives from the network will talk with every driver attempting to win at the high banks of Daytona International Speedway. The 2024 Daytona 500 is Sunday (2/18) with Motor Racing Network coverage beginning at 1:30 pm ET and airing on 350 radio stations across the U.S.

Industry News

Yesterday’s (2/13) Top News/Talk Media Stories

The U.S. House votes to impeach Homeland Secretary Alejandro Mayorkas; Democrat Tom Suozzi wins special election for George Santos’ House seat; concerns about President Joe Biden’s age and the presidential race; the Fani WillisNathan Wade relationship; former President Donald Trump petitions the Supreme Court in his claim of presidential immunity; Trump’s NATO comments and the Russia-Ukraine war; the Israel-Hamas war and the humanitarian crisis in Gaza; the latest report on inflation and the state of the U.S. economy; and the controversy over country music stations “refusing” to play Beyonce’s “Texas Hold ‘Em” song  were some of the most-talked-about stories in news/talk media yesterday, according to ongoing research from TALKERS magazine.

Industry News

Happy World Radio Day 2024

Today (2/13) is the 13th annual celebration of World Radio Day – proclaimed an official “international day” by the United Nations in 2011 and facilitated each year by UNESCO. For last minute ideas and suggestions in taking advantage of the opportunity to acknowledge the medium of radio’s colorful past, present and future please click here. While you’re at it, check out the new two-minute song by the talk radio friendly band Gunhill Road titled, “Over the Radio Waves” on YouTube here and available for license-free broadcast. Happy World Radio Day 2024!

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Industry News

iHeartMedia Makes $101 Million from BMI Deal

iHeartMedia files an 8-K Form with the Securities and Exchange Commission announcing that theim previously announced acquisition of Broadcast Music, Inc. (“BMI”) to a shareholder group led by New Mountain Capital, LLC has closed, and the company has received $101.4 million of proceeds related to its equity interest in BMI. iHeartMedia says it plans to use the proceeds for general corporate purposes, which may include the repayment of debt.

Industry News

Saga to Acquire Lafayette, Indiana Cluster from Neuhoff

Saga Communications announces that it has entered into an agreement to purchase the assets of Neuhoff Communications’ Lafayette, Indiana radio stations sports talk WASK-AM, country WKOA-FM, rock WKHY-FM, classic hits WASK-FM, CHR WXXB-FM, and FM translator W269DJ for $5.3 millionim. Saga Communications president and CEO Chris Forgy comments, “We regretted missing the opportunity to acquire these stations a number of years ago when the Neuhoff family acquired them. These stations are a great fit for Saga. We see a lot of opportunity with these stations and this market and are pleased that the family has decided to entrust Saga with continuing these station’s long-standing heritage of serving the Greater Lafayette region. Saga intends to continue building its business in radio by identifying and acquiring middle market stations in dynamic communities.” KALIL & CO., INC was the exclusive broker.

Industry News

“Gonzo” Joins Bonneville’s KHTK, Sacramento as PD

GV Wire reports that Jose “Gonzo” Gonzalez leaves his post at Fat Dawgs 7 Broadcasting’s sports talk KFIG-AM, Fresno “1430 ESPN Radio” where he was PD and host to join Bonneville’s sports talkim KHTK-AM, Sacramento “Sactown Sports 1140 AM.” Gonzo posted to X, “I’ve loved my time here. Fresno born and raised. This is home. Through the hard times and the great times everyone here has had a hand in my growth. Thank you! Excited for my next radio chapter.” At the same time Fat Dawgs 7 Broadcasting announces that Enrique Loera is named VP and general manager for the company’s Fresno radio stations. Read the GV Wire story here.

Industry News

Bob Edwards Dies at 76

Longtime NPR and SiriusXM radio host Bob Edwards passed away on Saturday (2/10) at 76. Edwards was the host of NPR’s “Morning Edition” for almost 25 years and his firing from the position in 2004 caused a stir with the program’s faithful listeners. He was the first host of the program that launched in 1979. Edwards would sign on with SiriusXM to host an eponymous program that would continue through 2015. See the Washington Post obituary here.

Industry News

More Results from Cumulus’ Podcast Download Report

The latest blog post from Cumulus Media | Westwood One’s Audio Active Group presents more information from the Cumulus Media-Signal Hill Insights Podcast Download Fall 2023 report conducted by MARU/Matchbox. Some of the findings of this survey of 608 weekly podcast consumers include: 1) Podcast consumers connect with their favorite hosts on social platforms. Podcast consumers are lookingim to connect with their favorite hosts and shows on social media. Half of weekly podcasts consumers follow their favorite podcast hosts on one of the social platforms; 2) Younger 18-34 podcast consumers are more likely to follow their favorite hosts on social media. Compared to 35-49 and 50+ podcast consumers, 18-45 podcast consumers are more engaged socially with podcast hosts. 68% of podcast consumers 18-34 follow their favorite hosts on social media. 55% of 35-49s follow favorite hosts on social. 40% of those 50+ follow favorite podcast hosts on social; and 3) YouTube towers as a podcast discovery platform: 19% of weekly podcast consumers use YouTube to find podcasts. When asked which social platform they’ve used to find podcasts, 19% of podcast consumers are turning to YouTube, more than all other social media platforms combined. See the blog post here.

Industry News

Podtrac Lauches Global Ranker Including YouTube Views

Podtrac announces that it is launching its newest ranker – The Podcast Global Industry Ranking of Top Publishers and Networks – of which it says, “For the first time, the global reach of top podcast publishers and networks is being made publicly available for advertisers, agencies, and the industry at large.  Andim while traditional podcast metrics and rankers have focused on the RSS distribution of podcasts, Podtrac’s new Global ranking also includes the viewership of podcasts on YouTube – another industry first.” The company adds, “By encompassing YouTube viewership alongside traditional metrics, the industry gains an improved framework for capturing podcast engagement across platforms and borders. It provides advertisers, agencies, and industry stakeholders with the reach and influence of the key podcast players.”

Industry News

UNESCO Takes Strong Position on the Continuing Need to Protect AM Radio in Cars (and All Terrestrial Radio)

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In conjunction with today’s celebration of World Radio Day 2024 (WRD 2024), the United Nations educational, scientific and cultural agency UNESCO has issued a powerful statement supporting the necessity of AM radios remaining in automobiles and the importance of all “terrestrial” radio for the maintenance of freedom and peace throughout the world. The following position titled “Radio, the Trusted Guide in a Changing World” has been posted on UNESCO’s WRD 2024 web page:

Article 19 of the Universal Declaration of Human Rights states: “Everyone has the right to freedom of opinion and expression; this right includes freedom to hold opinions without interference and to seek, receive and impart information and ideas through any media and regardless of frontiers.” World Radio Day 2024 marks 100 years of radio, a period in which it has become the medium that is arguably closest to human hearts and minds, providing news, entertainment and education in all corners of the world. It satisfies our need to be informed both for day to-day decision-making and in times of emergency and crisis. Over the past century, radio has proved itself as a crucial medium in maintaining freedom of opinion and expression, often being the only one still up and running in times of crisis. Studies have repeatedly shown that radio has the greatest trust, with most citizens rating it above television, the internet, social networks or the written press. Radio is a triumph of accessibility, immediacy and intimacy, and there’s a strong public-interest case for protecting it and our access to it. We believe that remaining easily accessible to all people, in all places, regardless of how they receive radio means using terrestrial broadcast networks (both analogue and digital) – still relied upon by the majority of listeners globally – and fostering online access to radio that is just as democratic and open. Cars are a particular concern, consistently among the most popular locations for radio listening. Whether it is terrestrial broadcast or internet, radio in cars should not just be easy to find, it must be impossible to miss. Information is a public good and a shared resource for all of humanity. Radio has its place in the digital transformation of the information ecosystem, complementing the internet and digital platforms. The evolution of communication technologies should advance people’s right to receive information and ideas through any media – instead of regressing it. We call upon governments, regulatory bodies, the technology and automotive industries, and all members of the global radio community to put safeguards in place to ensure that radio continues to thrive; to protect the free and unfettered access radio provides to a plurality of opinions and to trusted information; to allow radio to continue to help communities and all minority language speakers to receive information and participate in democratic processes; and to ensure radio remains available to all people regardless of their financial means or personal circumstances. 

TALKERS founder, Michael Harrison, who has served as executive advisor to UNESCO on WRD 2024 and fully supports its stated position on preserving radio, states, “Working with UNESCO in this capacity has sharpened my global perspective on the AM car radio issue in as much as the argument in America focuses primarily on the use of radio for emergencies – a limited and short-sighted proposition to whichim the automobile industry has intelligently responded. The issue however is much larger. As UNESCO’s chief of section for media development and society, Mirta Lourenco puts it, ‘The free flow and easily accessible information provided by terrestrial radio supports the spirit of the First Amendment via the concept of media pluralism and more. This expands to a valid concern about privacy rights – which is equally important to freedom and democracy. With GPS and internet platforms simultaneously in our cars, we are turning the enormous power to invade the privacy of individuals over to a mere handful of Big Tech giants. They know what and who we listen to, including where, when and how we travel.’” Harrison adds, “Finally, I am compelled as a lifelong radio broadcaster and publisher of a major trade journal to protect the viability of radio stations as a going concern and the well-being of their owners, employees, and listeners.”

Industry News

TALKERS News Notes

Compass Media Networks announces that Connoisseur Media’s stations in Connecticut and Long Island are charter affiliates for SPECai, a joint venture between Compass Media Networks, Benztown, and ENCO, that provides radio stations with creative custom spec commercials in mere seconds using AI technology.

Former sports talk KKFN-FM, Denver “104.3 The Fan” programmer Raj Sharan joins Cumulus Media’s country KATC-FM, Colorado Springs as afternoon host and promotions director for the station.

Industry News

Yesterday’s (2/12) Top News/Talk Media Stories

The U.S. House passes a $95 billion foreign aid bill; the U.S. migrant crisis; former President Donald Trump petitions the Supreme Court in his claim of presidential immunity; the Fani WillisNathan Wade relationship; concerns about President Joe Biden’s age and the presidential race; the Israel-Hamas war; Trump’s NATO comments and the Russia-Ukraine war; and the shooting at Joel Osteen’s Houston mega-church were some of the most-talked-about stories in news/talk media yesterday, according to ongoing research from TALKERS magazine.

Industry News

Beasley Broadcast Group Q4 2023 Revenue Down 8.75%

Today Beasley Broadcast Group releases its operating results for the fourth quarter of 2023 and the full year of 2023. For Q4 of 2023, the company reports net revenue of $65.7 million, a decline of 8.75% from the same period in 2022. For the full year of 2023, net revenue was $247.1 million, a decline of 3.6% from the full year of 2022. While Beasley reports net income of $6.4 million for the fourth quarter of 2023 (compared to the $24.5 million net loss it posted in Q4 of 2022), the company reveals a net loss of $75.1 million for the full year of 2023, compared to the net loss of $42.1 million it reported for the full year ofim 2022. Beasley CEO Caroline Beasley says, “Beasley’s fourth quarter and full year financial results reflect the impacts of cyclical political revenue and ongoing advertising market softness, partially offset by the continued success of our revenue diversification strategy and cost management initiatives. Net revenues for the 2023 fourth quarter and full year decreased by $6.3 million and $9.3 million, respectively. Excluding the impacts from a decrease in political advertising and the company’s dispositions of WWWE-AM, WJBR-FM and the Houston Outlaws in 2023 and WWNN-AM imand KDWN-AM in 2022, partially offset by the company’s acquisitions of KXTE-FM and Guarantee Digital in 2022, revenues would have decreased by $0.2 million and $1.3 million in the 2023 fourth quarter and full year, respectively… For the better part of the year, we continued to execute on our successful growth agenda for our digital business that capitalizes on the value of our strong local brands, unique local business relationships and proven marketing capabilities. While macroeconomic pressures held fourth quarter digital revenue flat compared to the prior year, Beasley delivered meaningful full-year digital revenue growth, up 11.4% year-over-year. Our digital business represented 18.4% of full year 2023 revenue. We remain laser focused on prioritizing the growth of our digital platform as a means to diversify our revenue in a cash flow positive manner, and we expect digital revenue to account for between 20% and 25% of total revenue in 2024. Our dedicated sales teams also continue to leverage the tremendous audience reach and engagement of our local multi-platform content to attract new advertisers, resulting in fourth quarter and full year new local business revenue growth of 52% and 20%, respectively. Additionally, the actions we have taken to reduce costs drove a year-over-year decline in operating expenses of 3.3% in the fourth quarter and 2.3% for the full year.”