Industry News

WABC’s Frank Morano Hangs with The Sopranos Cast Members

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Pictured above is WABC, New York overnight host Frank Morano with some of the cast of “The Sopranos,” who stopped by his “The Other Side of Midnight” program to talk about why people still care about “The Sopranos” so many years later, cigars, and the fascinating lives of the actors. In the photo are (l-r): Dan Grimaldi, who played Philly and Patsy Parisi; Morano; Robert Funaro, who played Eugene Pontecorvo; and Jason Cerbone, who played Jackie Aprile, Jr.

Industry News

Benztown Launches Role Callers Service

Benztown announces the launch of Role Callers, “an exciting and innovative new on-air enhancement service for radio stations that need to shake up their sound.” Benztown says, “Role Callers provides stations with paid phone actors that offer high-engagement content perfect for drive time or anytime. Role Callers delivers highest qualityim voice acting services for cash or barter, directed by Benztown producers in collaboration with station program directors and producers, and totally customized to their needs… The actors call in to radio stations, asking questions, playing along with comedy bits, sharing local information, talking up contests and promotions, and more – all according to the specific needs of each station.” Benztown president Dave “Chachi” Denes says, “We live in a digitally overloaded world, and human interaction and connectivity have become increasingly crucial. Role Callers serves as an invaluable tool, effectively sparking live listener engagement on some of the nation’s most prominent morning shows.”

Industry News

Yesterday’s (8/8) Top News/Talk Media Stories

Former President Donald Trump’s legal battles and Judge Aileen Cannon’s challenges to special counsel Jack Smith’s use of the grand jury; the expected indictment of Donald Trump under Georgia’s RICO statue by Fulton County DA Fani Willis; the 2024 presidential race; the Ohio referendum to raise the threshold to amend the state’s constitution fails; reports of China’s sluggish economy; the Russia-Ukraine war; and the $1.58 billion Mega Millions winning lottery ticket is sold in Florida were some of the most-talked-about stories in news/talk media yesterday, according to ongoing research from TALKERS magazine.

Industry News

iHeartMedia Second Quarter Revenue Down 3.6%

Reporting its operating results for the second quarter of 2023, iHeartMedia reveals net revenue of $920 million, a decline of 3.6% over the same period in 2022. The company reports an operating loss of $897 million compared to the operating income of $82.9 million it reported in Q2 of 2022. After posting a net income of $15.1 million in the second quarter of 2022, the company reports a net loss of $882.9 million in Q2 of 2023. Looking atim iHeartMedia’s financial by segment, broadcast radio revenue was $429 million, a decline of 7.2% over Q2 of 2022. Network radio was $122 million (down 4.2%), digital revenue (excluding podcast) was $164 million (down 1.6%), and podcasting revenue was $96.7 million (up 12.9%). iHeartMedia chairman and CEO Bob Pittman says, “We are pleased to report that our second quarter 2023 results reflected Adjusted EBITDA slightly above the midpoint of the guidance range, and more than double the Adjusted EBITDA we generated in the first quarter, and our consolidated revenue were above the guidance range. The continued positive performance of our Digital Audio Group, led by our Podcasting business, and the significantly improved relative performance of our Multiplatform Group during this soft advertising period, are encouraging metrics for us, and we’re seeing indications of improving macroeconomic trends which we expect to have a positive impact for us in the second half of the year, with most of that impact in Q4.”

Industry News

Saga Communications Revenue Dips 2.2% in Second Quarter

Net revenue for the second quarter of 2023 for Saga Communications, Inc was $29.2 million, a decrease of 2.2% over the same period in 2022. Operating income for the quarter was $4.3 million compared to $5.4 million for the same quarter last year – a decline of 20.1%. Saga posted a net income of $3.4 million for the quarterim compared to net income of $3.8 million for the second quarter last year – a decline of 12.3% – although it should be noted that Saga is the only radio company thus far to report net income – as opposed to a net loss – during the second quarter. Saga Communications stock pays dividends and during Q2 of 2023 it paid a quarterly dividend of $0.25 per share on June 16, 2023. The aggregate amount of the quarterly dividend was approximately $1.5 million. To date Saga has paid over $109 million in dividends to shareholders since the first special dividend was paid in 2012. Saga’s balance sheet reflects $34.4 million in cash and short-term investments as of June 30, 2023. The company carries no long-term debt.

Industry News

Cumulus Sues Dan McDowell and Jake Kemp for Violating Non-Compete

Cumulus Media is filing suit in U.S. District Court in Northern Texas against former KTCK-AM/FM, Dallas-Fort Worth personalities Dan McDowell and Jake Kemp claiming the duo are in violation of several clauses in their contracts with the company. If you recall, McDowell and Kemp left Cumulus last month after they were unable toim come to terms on a renewal to remain with “The Ticket.” The sticking point was their desire to explore digital initiatives outside of their work with Cumulus. They have since launched a podcast via Patreon that Cumulus says violates their six-month non-compete. The company also alleges the two have violated the non-solicitation and non-disparagement clauses of their contract. It alleges the duo have “commandeered” company-owned social media accounts, threatened to release “conversations Defendants illicitly recorded” with company executives. Cumulus is seeking “emergency injunctive relief” plus attorneys’ fees and costs.

Industry News

KIRO-FM, Seattle Announces New Midday and Evening Shows

Bonneville International announces that after an extended search, it is announcing the addition of two new programs to the lineup at news/talk KIRO-FM, Seattle “Newsradio, 97.3 FM.” After the untimely death of early afternoon host Dori Monson in late 2022, KIRO-FM welcomes Jack Stine (below left) and Spike O’Neill (below right) as permanentim hosts of the 12:00 noon to 3:00 pm program, effective Monday (8/14). They have been the interim hosts since February. Additionally, Jake Skorheim has assumed hosting duties for the evening program “KIRO Nights.” Skorheim was the producer for the Dori Monson show from 2009 through 2016. Bonneville Seattle director of news and talk improgramming Bryan Buckalew says, “I’m thrilled about these new shows, and I hope our audience will be too. Listeners can expect dynamic conversations based on the top news stories of the day, keeping our community informed and entertained. Jack and Spike have good chemistry and a keen sense of humor. They do a great job of blending informative discussions with lighthearted banter. In an era marked by divisiveness, Jack and Spike emphasize common ground over polarizing debates. Their show demonstrates the power of dissecting complex issues rather than simply magnifying superficial differences.” Buckalew adds, “I couldn’t be more excited to have Jake back in the building. He is thoughtful, creative, and has a great sense of humor. I look forward to listening as Jake develops his distinct voice and builds an audience across a diverse range of digital platforms.”

Industry News

Round One of July PPMs Released

imThe first of four rounds of ratings information from Nielsen Audio’s July 2023 PPM survey has been released for 12 markets including New York, Los Angeles, Chicago, San Francisco, Dallas, Houston, Atlanta, Philadelphia, Nassau-Suffolk (Long Island), Riverside-San Bernardino-Ontario, San Jose, and Middlesex-Somerset-Union. Nielsen’s July 2023 sweep covered June 22 – July 19. Today, TALKERS magazine managing editor Mike Kinosian presents his Ratings Takeaways from this group of markets. In New York City, Red Apple Media news/talk WABC-AM/WLIR-FM sheds two-tenths to finish with a 3.2 share (weekly, 6+ AQH share) and falls back to the #11 rank, while Audacy’s crosstown all-news WINS-AM/FM rises six-tenths to a 4.9 share and climbs to the #6 rank. In Chicago, Nexstar Media Group news/talk WGN adds two-tenths for a 3.2 share finish that lifts it to the #10 rank, while Audacy’s crosstown all-news WBBM-AM/WCFS-FM tacks on four-tenths to finish the survey with a 5.0 share but falls back to the #4 rank. And in San Francisco, Audacy all-news KCBS-AM/KFRC-FM rises eight-tenths to wrap the survey with a 6.7 share that leaves it ranked #2, while Cumulus Media’s crosstown news/talk KSFO dips one-tenth for a 1.9 share finish good for the #17 rank. See Mike Kinosian’s complete Ratings Takeaways for this group of markets here.

Industry News

WOR’s Mark Simone Welcomes Clay Travis

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Pictured above is Premiere Networks’ personality and Outkick founder Clay Travis (right) in the WOR, New York studios with midday host Mark Simone (left). Travis is on a promotional tour for his book, American Playbook: A Guide to Winning Back the Country from the Democrats (Threshold Editions 2023).

Industry News

FOX News Channel Top Cable Net in Total Day and Prime Time in July

FOX News Channel says that, according to data from Nielsen Media Research, it finished July 2023 as cableim television’s most-watched network across both primetime and total day viewership and was #2 in the 25-54 demo with total day behind ESPN. FNC’s “The Five” has been number one in viewership for seven consecutive quarters securing 2,591,000 total viewers and 254,000 in the A25-54 demo.

Industry News

SiriusXM’s Joe Madison to Be Honored by the ASALH

Talk host Joe Madison – heard daily in morning drive on SiriusXM’s Urban View channel – is being honored withim the Council Award of Special Recognition from the Association for the Study of African American Life and History(ASALH). ASALH was founded in 1915 by Dr. Carter G. Woodson to document the contributions of African Americans to American history. The award will be presented at the 108th Annual Conference in Jacksonville on September 23.

Industry News

TALKERS News Notes

Sports media personality broadcaster Rich Eisen will host the 2023 Marconi Radio Awards Dinner on October 25 during NAB Show New York. Record producer and radio host DJ Scratch, who performed at last year’s event, will provide live music.

iHeartPodcasts announces today that sleep and relaxation podcast, “Nothing Much Happens: Bedtime Stories to Help You Sleep,” joins the iHeartPodcast Network. Since April 2018, “Nothing Much Happens” has delivered peaceful and relaxing content to listeners around the world. The popular series has been widely recognized for its excellence, originality, and production design. As part of the deal, the two will also coproduce and distribute new podcast concepts in English as well as other languages.

Industry News

Yesterday’s (8/7) Top News/Talk Media Stories

The indictment of former President Donald Trump in connection with the events of January 6; the 2024 presidential race; the “on hold” plea deal by Hunter Biden and calls for an investigation into the Biden family finances; today’s Ohio ballot initiative to make changing its constitution more challenging; Ukraine’s troop losses as it attempts a counteroffensive against Russian troops; the severe weather affecting the Eastern U.S.; and tonight’s drawing for the $1.55 billion Mega Millions lottery were some of the most-talked-about stories in news/talk media yesterday, according to ongoing research from TALKERS magazine.

Industry Views

Pending Business: The Agony of Complacency

By Steve Lapa
Lapcom Communications Corp
President

imWhat happens when the world-wide leader is for sale? When they stopped spanning the globe 25 years ago, I thought the budget cut would help the leader. I could still hear the great Jim McKay describing the agony as Vinko Bogataj rolled down that ski slope in utter defeat. There were so many different images of the thrill of victory, but for most of the 37 seasons of “Wide World of Sports,” the agony of defeat was forever connected to that helpless Yugoslavian skier.

Maybe the real story of Disney/ABC/ESPN’s “Wide World of Sports” is lost in the silo of being first in on the marketing ladder and not recognizing opportunity.

The world-wide leader was the first to televise Wimbledon, the Indy 500, and who could forget the Pro Bowlers Tour? Not recognizing the need to expand into targeted sports coverage, pre-empt competitive efforts, and experiment with new media may be a flaw in an otherwise crown jewel. Did Mickey Mouse see the “Rugrats” coming? You mean history repeats itself when the successful get complacent and positive paranoia is the domain of the dot-com entrepreneurs?

Ok, it’s getting a little heavy here. This column is about sales and marketing, not business theory or case studies. Or is it?

The lessons here are classic and are a direct connect to your commission check.

ESPN is searching for answers, and when billions in ad sales, cable fees, streaming subscriptions and theme park attendance isn’t enough to goose the growth curve, well, Houston, we’ve got a problem. But let’s learn how to work with what surrounds us.

— What are the biggest challenges to your business base?

— Can you identify the challenges in your control, and which are not?

— How would you rank your competitors?

— As your local ad market shifts into more digital advertising, who are the winners?

— Can you name the five biggest digital-social media ad spenders in your market?

— Do you keep updated on new ad marketing opportunities presented to your clients?

Forgive the blurry lines that connected the dots in the Disney-ABC-ESPN story. The business lesson, however, is clear. Sellers can only control what they are asked to sell. But when complacency sets in at any level, take a time out and rethink your playbook.

Steve Lapa is the president of Lapcom Communications Corp. based in Palm Beach Gardens, FL. Lapcom is a media sales, marketing, and development consultancy. Contact Steve Lapa via email at: Steve@Lapcomventures.com.

Industry Views

Monday Memo: Connie Welcomes the Stranger’s Call

By Holland Cooke
Consultant

imShe was the agent I enjoyed working with most over three decades I was an active real estate investor. We remain good friends, and her technique informs the work I do coaching agents – and attorneys and financial advisors and other professionals – who host ask-the-expert radio shows.

Understand the difference between “advertising” and “marketing”

Achievers like Connie do. Do you? Erroneously, these terms are often used interchangeably.

— Advertising asks shoppers to pick your product off a crowded shelf.

— Marketing makes them want to.

High-volume agents typically allocate 30% of net income to marketing, which produces leads. Lower-volume agents spend as much, or more, on advertising, which produces fewer leads. If you’re handing out mouse pads in the era of iPad, you’re late.

And you’re bucking human nature: Every…single…day, we are bombarded by SO many advertising pitches, that we lean-back-from commercials. But we lean-into storytelling, when the story hits home. One of the few things that can keep someone sitting in a parked car with the key on Accessories is the on-air attorney untangling the caller’s dilemma when it is REAL relatable.

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“Can you recommend a plumber?”

The caller isn’t Connie’s client…yet. The stranger got her name from someone else Connie had helped. Reputation. Word-of-mouth. “Got a pen?” she asks. “I’m going to give you his cell number. And let me know if he can’t help you and I’ll recommend someone else who’s helped me lately.” THAT is marketing GOLD. Instant relationship.

As is the attorney whose weekend call-in show offers that “the lawyer is in, the meter is off.” One that I coached offers words-to-live-by: “If you want someone to think you can help them, help them.”

Expensive syndicated TV spots – or hokey locally produced ads – and look-alike billboards – all blur-together in a wall of noise. As do agents’ radio copy that “If I can’t sell your house, I’LL buy it!” and attorneys hedging that “If we don’t win, you don’t pay.”

Yes, advertise. But rather than squandering that airtime touting yourself, do a commercial disguised as an informative feature, snack-size how-to guidance. And offer more-about-that in a free download checklist or podcast or other asset on your memorable domain name website. Or “Ask me!” by calling your memorable phone number. Tell ‘em, rather than just trying to sell ‘em, and you’ll sell more of ‘em.

Big-spending competitors look alike. You can sound different.

It’s the oldest, most-proven concept in marketing: Free samples, of your expertise and comforting counsel. Your trusted voice can differentiate you. Done right, these shows have callers asking, “May I call you at the office on Monday?” even before the host invites them to. BUT…

In too many cases, that weekend show is a well-kept secret, under-promoted by the station, and only available in real-time…UNLESS…the radio show is just one element of a coordinated interactive multi-platform strategy, which harvests and addresses your prospects’ relatable concerns via podcast, social media, email, those commercials I describe above, and a voicemail tactic SO obvious that few spot the opportunity.

Lots of work? You bet! An organized production routine is key. Find a producer – a Robin to your Batman – who can keep that conveyor belt humming, and he or she is every bit the hero as Connie’s plumber.

Holland Cooke (HollandCooke.com) is a consultant working at the intersection of broadcasting and the Internet. He is the author of “Spot-On: Commercial Copy Points That Earned The Benjamins,” a FREE download; and “Multiply Your Podcast Subscribers, Without Buying Clicks,” available from Talkers books. Follow HC on Twitter @HollandCooke

Industry News

Audacy Q2 2023 Net Revenue Falls 6.6%

On Friday (8/4), Audacy reported its operating results for the second quarter of 2023. Net revenue for the period was $298.5 million, down 6.6% from the same period in 2022. The company posted an operating loss of $135.3 million, compared to operating income of $23.3 million reported in Q2 of 2022. Audacy reports a net loss of $125.8 million, compared to the net loss of $773,000 it reported for the second quarter of 2022. Breaking down the company’s revenue streams, Spot revenue (local and national) was $187.1 million (down 3.7%), whileim Network revenue was $20.8 million (down 4.4%). Digital revenue was $66.7 million (down 4%). Audacy also reports revenue based on radio format and says revenue from sports stations was $65.6 million (up 1.2%), while revenue from all-news and news/talk was $44 million (down 14.8%). Revenue from music-formatted stations was $ 145.3 million (down 8.3%). Audacy chairman, president and CEO David J. Field comments, “Second quarter net revenues were down 6.6% in line with our quarterly guidance, imreflecting challenging ad market conditions. During the quarter, we saw accelerated growth across certain of our key performance metrics including radio revenue share, station audience ratings, and digital platform usage. We also made meaningful progress on our ad tech and ad product roadmap as we work to develop important new pools of digital demand and growth… We have initiated discussions with our lenders to enhance our balance sheet and establish a strong financial footing to enable the company to capitalize on its growth opportunities. Notwithstanding current challenges, Audacy has established a prominent position as a scaled, leading multi-platform audio company distinguished by our exclusive premium content, top positions across the country’s largest markets, and unrivaled leadership in news and sports radio. We continue to invest in our people, platform, content, technology and capabilities and serve our listeners and customers with excellence. Ad market conditions remain challenging but have stabilized entering the third quarter. We are pacing down 4% with local spot considerably stronger than national spot. We expect Audacy’s Q3 revenues to decline by mid-single digits.”

Industry News

Cox Media Group Adds Digital Pros to Tulsa Station Group

Cox Media Group announces that it is adding two professionals to its Tulsa digital media team. Ben Dreblow moves from the company’s Houston operations to become Tulsa’s digital media director. CMG says Dreblow “hasim a proven track record of driving success for digital clients across broad spectrum of media, including broadcast television, newspaper, and radio. He brings with him a impassion for developing digital strategy that delivers results for local businesses.” Tyler Toti comes to Tulsa from CMG San Antonio to serve as digital client performance manager. CMG Tulsa VP and market manager Mark Shecterle comments, “Ben and Tyler have an impressive history of working collaboratively to develop successful digital media strategies for their client partners. Their expertise, coupled with CMG’s vast array of topline digital products, will create a powerful resource for Tulsa businesses. I’m thrilled to have them join our veteran team of market-leading media consultants.” CMG Tulsa operates news/talk KRMG-FM and three music-formatted stations.

Industry News

Top News/Talk Media Stories Over the Weekend

Former President Donald Trump’s “come after me I come after you” response to his indictment on charges related to January 6; the Hunter Biden on hold plea deal and calls for an investigation into the Biden family finances; the 2024 presidential race; A Ukrainian woman is arrested on charges of being part of a plot to assassinate Volodymyr Zelensky; the Russian and Chinese ships found patrolling near Alaska last week; the hoopla surrounding the possible Elon MuskMark Zuckerberg cage match; and the Barbie movie hits record $1 billion in box office receipts were some of the most-talked-about stories in news/talk media over the weekend, according to ongoing research from TALKERS magazine.

Industry News

Missouri Talk Host Settles with Feds in COVID Misinformation Case

The St. Louis-Post Dispatch reports that chiropractor and talk radio host Eric Nepute, who broadcasts on East Central Broadcasting’s “Real Talk Radio Network” on Missouri stations KRTK-FM, Hermann; KVMO-FM, Vandalia; and KTRE-FM, Steelville, has settled with the federal government. Nepute was being sued in federalim court under the COVID-19 Consumer Protection Act for peddling false information about the COVID pandemic in order to sell supplements and vitamins. The trial was set to begin on August 21 before Nepute and prosecutors agreed to pay an $80,000 fine and refrain from marketing his vitamin products as effective preventatives against COVID-19. Nepute and Quickwork LLC – a company in which he is part owner – were targeted by federal officials after Nepute claimed on his “Real Talk with Dr. Eric Nepute” program that vitamin D and zinc supplements could prevent or cure COVID-19. Nepute signed a consent order in 2021 agreeing not to disseminate information that his supplements could prevent COVID but in 2022 he caught the government’s attention for saying vitamins were more beneficial than the COVID vaccine. Read the Post-Dispatch story here.

Industry News

iHeartMedia and Michael Smith Partner to Create the “Inflection Network”

iHeartMedia and sports journalist Michael Smith are partnering to create the “Inflection Network,” “an innovative new sports podcast network.” Smith, along with partner Terrence Williams, an entertainment attorney, are launching the network with season three of the podcast series “Comeback Stories” hosted by New York Giantsim tight end Darren Waller and mental health and mindfulness coach Donny Starkins, with new originals joining the slate soon. Williams says, “We are thrilled to embark on this new journey with iHeartPodcasts. With the help of iHeart’s unmatched expertise and platform, we are building a robust content slate and what I believe will be an enjoyable and unique listening experience.” Smith adds, “IN’s approach is guided by inspiring and transformative power-rich storytelling and authentic, entertaining and thought-provoking conversation. We want to elevate and empower creatives, amplify diverse voices and perspectives, and enlighten, entertain and engage our audience. At IN our mantra is, ‘Louder for the folks in the back!’”

Industry News

NAB Sides with Canadian Broadcasters in Meta News Blocking

The National Association of Broadcasters, in response to Meta blocking news on Facebook and Instagram for Canadian users after the passage of Canada’s Online News Act, joins the Canadian Association of Broadcasters in decrying the move. NAB president Curtis LeGeyt and CAB president Kevin Desjardins say in a joint statement, “As national associations representing broadcasters in the U.S. and Canada, the Nationalim Association of Broadcasters and the Canadian Association of Broadcasters strongly urge lawmakers to support legislation that enables news providers to negotiate with dominant digital platforms for fair terms and conditions when our content appears on their platforms. Meta – a nearly trillion-dollar company – repeatedly chooses to restrict news content for its users to avoid compensating news producers for the value it gains on their vital journalism. These retaliatory tactics demonstrate Meta’s monopolistic dominance over the advertising marketplace and its ability to dictate how radio and TV broadcasters, newspapers and others can reach audiences online. Rather than working to ensure its users have access to trusted news and information, Meta is holding news content on its platform hostage. Policymakers should not reward Meta’s coercive behavior. At a time when misinformation, disinformation and AI-generated content proliferate online, the future of democracy relies on the accessibility of fact-based, trustworthy journalism.”

Industry News

iHeartPodcasts Unveils Podcast Series About Key Iran-Contra Figure

iHeartPodcasts is debuting a nine-part podcast series titled, “Journalista,” the true story of Courtney “Cookie” Hood, a former model and the ex-wife of a Colombian drug cartel kingpin, who was hired to manage the CBS field office in Nicaragua during the civil war in the 1980s. “What starts as another big party for her, ends up beingim the history making adventure of a lifetime, blowing the lid off the Iran-Contra scandal and almost taking down the Reagan presidency.”  Former New York Times bureau chief Stephen Kinzer states, “During the 1980s and 1990s, Cookie Hood was the single driving force behind the most successful television coverage of Central America that appeared across the United States. ‘Journalista’ is a series of stories over four decades in the making and will entrance each listener to the realities of what really happened during that time.”

Industry News

Newsmax Says Ratings Are “Surging”

Newsmax says that its surge in the Nielsen cable TV ratings continued through July registering “large weekday ratings boosts year over year, and FOX News continues to see significant declines. The July ratings book foundim Newsmax registered an impressive 88% percent jump in prime time, among all viewers, year over year. Nielsen also reported Newsmax witnessed 62% in total day and 56% in day-time ratings Monday through Friday.” Newsmax CEO Christopher Ruddy states, “It’s clear millions of Americans have made the switch to Newsmax, and they like what they see. They also like our powerhouse lineup starting with Greta Van Susteren every night at 6:00 pm Eastern.”

Industry News

TALKERS Vice President/Executive Editor Kevin Casey is This Week’s Guest on Harrison Podcast

Last month marked the 33rd anniversary of the launch of TALKERS magazine – the talk media industry trade publication founded by Michael Harrison in July of 1990. The term “talk media” established and popularized byim the journal refers to AM, FM, online and satellite talk radio, cable news/talk TV, and talk podcasting.

Marking this third-of-a-century milestone, TALKERS longtime VP/executive editor, Kevin Casey is this week’s guest on the award-winning PodcastOne series, “The Michael Harrison Interview.” Casey, then a program director for Clear Channel’s WHYN, imSpringfield, MA, joined TALKERS as its managing editor almost a quarter-of-a-century ago in 2000. The big story during that pre-9/11 year was the excruciatingly inconclusive presidential election between Texas Governor George W. Bush and Vice President Al Gore that took over a month to settle.

Michael Harrison states, “I’ve been blessed with a tremendous group of media professionals who operated and built TALKERS into the established communications vehicle that it has proven to be in many ways paralleling the growth of talk radio and its offshoots for more than three decades. One of the key individuals who has been responsible for its growth and longevity is my dear colleague, Kevin Casey.”

In a casual conversation between longtime friends and co-workers, Harrison and Casey take stock of the publication’s journey which parallels the historic role of talk radio’s modern era. Hear the complete podcast here.

Industry News

Top News/Talk Stories for Week of July 31 – August 4

The indictment of former President Donald Trump on charges related to the events of January 6 was the most-talked-about story in news/talk media this week, landing atop the Talkers TenTM. At #2 this week was the “on hold” plea deal by Hunter Biden and the building momentum to investigate the Biden family finances, followed by the 2024 presidential race 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

Beasley Media Group Reports Q2 Revenue Decline of 2.1%

Reporting its financial operations for the second quarter of 2023, Beasley Media Group says net revenue for the period was $63.5 million, a decline of 2.1% over the same period in 2022. The company reported an operating loss of $4.5 million – the same as in Q2 of 2022 – and a net loss of $10.4 million, which was a smaller net loss than the $14.5 million loss it reported in Q2 of 2022. Beasley CEO Caroline Beasley comments, “Despiteim ongoing challenges related to the economy and softness in the national spot market, Beasley’s successful digital transformation, continued local audio leadership and revenue diversification initiatives, combined with our proactive initiatives to reduce expenses, resulted in net loss declining by more than $4 million in both the quarter and year-to-date periods, compared to the same periods in 2022, as well as quarterly adjusted imEBITDA growth of 16.8% and 2023 year-to-date Adjusted EBITDA growth of 28.1%. During the quarter, we made additional progress with reducing leverage and strengthening our balance sheet as we repurchased another $3 million of our debt at a discount and lowered quarterly interest expense which support our goal to drive cash flow growth. We are generating cash from operations, and we expect to continue to generate positive cash flow for the full year. Our digital strategy delivered second quarter digital revenue growth of 14.8% year-over-year and accounted for 19.4% of total second quarter revenue. Our digital revenue is primarily derived from our owned and operated assets, with our proprietary content creation driving the largest increase with the best margins and third-party products that come with a higher cost. Our talented sales teams have been able to combine our over-the-air and digital platform offerings to create marketing campaigns and brand solutions that provide great results for our clients. Our continued strong digital revenue growth has moved us to within a few basis points of reaching the bottom end of our goal of digital revenue accounting for 20% to 30% of total revenue and we remain laser focused on this initiative as a means to diversify and complement revenue in a cash flow positive manner.” Beasley reports its total debt as of June 30, 2023 was $287 million.

Industry News

Don Geronimo Apologizes for “Barbie” Comments

Radio personality Don Geronimo, who was fired from his position as morning drive host at iHeartMedia’s WBIG-FM, Washington, DC last Saturday (7/29), has issued an apology for his on-air language directed at WUSA-TV, Washington sports reporter Sharla McBride. He writes, in part: “Last week, during my live radio show from the Commanders training camp, I used inappropriate words in a way that hurt someone. I deeply and sincerelyim apologize for the pain I caused WUSA sports reporter Sharla McBride. As has been reported, I insensitively used the terms ‘Barbie,’ ‘Barbie girl,’ and ‘chick’ when talking about Ms. McBride, a fellow broadcaster who I did not know or recognize when she walked by our broadcast position. My attempts to be humorous and topical backfired, and I needlessly deprecated a professional colleague… I have reached out to Ms. McBride to apologize. When she feels ready, I hope that we can have a conversation and that I will have the opportunity to reiterate my apology to her in person. I hope that Ms. McBride and the listeners who heard me will forgive me. I am better than this, and I promise to demonstrate that going forward.”

Industry News

Triton Digital Releases June Streaming Rankers

Triton Digital has published its streaming rankers for the June 2023 period based on Average Active Sessions and for the U.S. (Mon-Sun, 6a-12mid), iHeartMedia comes in #1 with 304,151 AAS. NPR Member Stationsim follows at #2 (71,573 AAS) and Audacy ranks #3 (68,414 AAS). Cumulus Streaming Network ranks #4 (40,785 AAS). Beasley Corporate lands at #7 (18,469 AAS), Hubbard Broadcasting is right behind at #8 (15,129 AAS), followed by Urban One at #9 (9,971 AAS). See the complete chart of the top 30 streamers here.

Industry News

Salem Talk Hosts Record PSAs to Support AM Radio Act

Salem Radio Network’s nationally syndicated talk hosts have voiced and are distributing to affiliates public service announcements designed to rally listeners to support the AM Radio For Every Vehicle Act. The PSAs encourage listeners to Public Service Announcements rallying listeners to reach out to their U.S. Senators andim Congressman to support the AM Radio For Every Vehicle Act, Senate Bill 1669…stopping automakers from removing the AM band from new models they are manufacturing. SRN hosts Mike Gallagher, Charlie Kirk, Sebastian Gorka, Hugh Hewitt, Brandon Tatum and Dennis Prager are featured in the PSAs. SRN VP/news & talk programming Tom Tradup comments, “This action is one way the 80-million people who depend on AM radio for news, critical weather updates and vigorous debate on issues can peacefully and patriotically approach their lawmakers directly to share their views.”

Industry News

Hofstra University Student Receives RTDNA Scholarship Award

The RTDNA Foundation announces its scholarships for 2023 and Hofstra University rising senior Yaw Bonsu is a recipient of a $2,500 Presidents Scholarship given in memory of past RTDNA presidents in recognition of broadcast journalism students’ excellence. Bonsu is a journalism major focusing on sports journalism. He servesim as the sports director at WRHU-FM, Hempstead, New York on campus and holds positions as a weekend news anchor for WABC-AM, New York and is a sports department intern for WABC-TV, New York. RTDNA Foundation says, “Yaw’s impressive journey includes internships at prominent companies like NBC 4 New York, FOX News Channel, Turner Sports, NBA on TNT, and SiriusXM. He looks up to journalist Jeremy Schaap for his impactful storytelling beyond the field of play and aims to make a similar difference in communities. As someone who largely relies on loans to cover school costs, receiving this scholarship means the world to him.” See the RTDNA Foundation’s complete list of scholarship recipients here.

Industry News

TALKERS News Notes

Salem Media Group, Inc announces that it plans to report its second quarter 2023 financial results after the market closes on August 8.The company also plans to host a teleconference to discuss its results on August 8 at 5:00 pm ET.

Audacy and K-STATE athletics announce a multiyear broadcast partnership in which KFH-AM/FM, Wichita will become the new market affiliate for Wildcat football and basketball. The agreement includes all K-STATE football and men’s basketball broadcasts, plus selected women’s basketball broadcasts. Audacy Wichita SVP and market manager Becky Domyan says, “We are delighted to partner with K-STATE athletics and become the home of the University’s football and basketball programs. This partnership brings together a passion for sports and a commitment to delivering unparalleled coverage to Wildcat fans across the region. We look forward to capturing the electrifying moments and the shared spirit of K-STATE sports throughout the year.”

The GCN-syndicated “Dr. Daliah Wachs Show” is added to the weekend program schedule at Tyler Media’s KTLR-AM/K279CR, Oklahoma City.